I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!
Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation. If it made 140 a week I would sure be ordering a lot more. 5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling). To do this you will have much more then 1k of startup. Bitmain offers a 2THS for 1200$; ANTMINER C1 Batch 2 375$ for 1THS. SP20-Jackson miner 1.7THS at 795$ but it will mine in the region of 0.1/week so 40$/week spondoolies has a SP35 Yukon Power November Batch 1 5.5THS for $3,595.00 and they are out of stock, if he waits for a year he may have a 5THS for 1000$ In a year though 5T will bring in a lot less though. It would not meet his 140 per week requirement. |
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Where do you get the coolant? I have automotive anti-freeze coolant, is that doable? How much coolant do you need?
If you click dogie's link to amazon it is sold there. I would not use automotive. And one of the bottles he links to will do 1 unit plus have 300 or so ml left. |
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Has anyone received their RMA parts from syscooling? (They used EMS shipping on me)
I started talking to them on Nov 7th and its now Nov 22 still no replacement. That is about half a month. I had to buy adapter and pumps for each of my C1's to get up and running (In it around another 100 dollars).
And in 3 weeks zero replacements. I will never order syscooling again. Anyone else out there with huge problems with syscooling RMA? And Bitmain is completely separate. They are great. I'm only referring to the company Syscooling. |
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Have your tried a lower freq to test your idea about it being to much for psu?
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Thanks for the replies guys, really appreciate it. I can PM you the name of the company if you are interested in more details.
They state that they are aware of the rising difficulty but they focus on the coin with the highest profit margin. Their argument for profitability is that they continually upgrade and ensure newest equipment at cool locations. But I would assume other clouds do the same.
Not really sure what I should think of this. In addition there are of course other risks with things like that (e.g. fraud, theft and so forth)
I don't know about continually upgrade. You will find a place with low electricity prices and build a center (or find one already there and rent spots). But you will go pretty much for all at once. You will need to make sure you ROI on that equipment plus some. Upgrading at that scale would only be done if first time was successful. |
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I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!
Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation. If it made 140 a week I would sure be ordering a lot more. 5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling). To do this you will have much more then 1k of startup. |
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Have they ever released any pictures of data center or shown anything to prove not ponzi? It does have one heck of a fanbase.
That's the other thing. As far as I know, they have not. The credibility of the whole operation seems to be founded on some old posts made by a guy called 'Chris' on this forum and the matching litecoin forum. I have thought long and hard on them. I really wanted to buy, I just could not. People have ROI'ed but.... the top of the ponzi normally does. I just wish they would be a little more transparent. They would have me ordering if they did. |
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It's nice they are doing it for free but it's quite a bit of time to not get certificate. They know this 6 weeks of study and you gain knowledge but if you spend 49.99 you have a resume padding item.
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Have they ever released any pictures of data center or shown anything to prove not ponzi? It does have one heck of a fanbase.
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Does that actually make sense in your head? 0.24 $/kWh is my electricity cost, not AM's. What I compared was how much it would cost me to run an SP20, compared to the maintenance fees for AMHash. Despite your protestations to the contrary, that is an apple to apples comparison.
Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.
If someone pays only 0.1 $/kWh, it will be cheaper than AMHash's maintenance fee. I am lucky enough to fit in this category. And with winter air cooling is easy. And did I miss something why so much AM talk is SP thread? |
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will the RM1000w damage the c-1 miner (looks like it should cover)? Will the 1200w be okay running 3 s'3s?
I've been running 6x s3's on the 2x 1200wRM for almost 3 weeks now with zero issues. It's right on the limit 340w s3 x 3 = 1020 watts.... Is this very bad? It's been very stable with no heat stone cold to touch on all the equipment. Will this damage the psu quicker over time? Any info will help I would like to buy more of thse to power 3 s3's at a time. They seem very steady, reliable, and affordable.
Ive run 3x S3 units (not s3+) on a corsair 1200W without problem, but its pushing the limit. I now only run 2 on it though. the reason? ATX GOLD supplies like it tend to be most efficient at 230V and ~70% load. At 90%+ load the efficiency drops from 92-93% to 85-88%, which adds up over time. so basically you're saying that my power billy per supply will be about 15% or so more because its running max? we will see what comes tomorrow..im hopeful but i have two tracking numbers. one is for the miner which appears to be tied in customs now and will be flow in my location tonight (no est. delivery date)... the other package which i would guess is the cooling system is saying its still in china (but delivery set for tomm wednesday) hope it comes w everything... what a mind fk lol Yes there is a sweet spot The RM1000 does a pretty good job with this using around 800 watts and then power for cooling set up Bitmain is great on shipping. They will get it there fast. On syscooling I have been waiting on two RMA's for almost 3 weeks or so. |
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Now bitwisdom - Estimated Next Difficulty: 39,439,620,239 (-2.14%) keep on coming negative numbers  |
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Do you do this for small fee?  If it sounds to good to be true... it probley is. And if this is real I'm guessing it's to a small site, and you would get a little coin but destroy someones hard work. |
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home mining is tough right now. depending on your region and how much they charge for power. you may be better off buying the coin instead.
This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. Yet they sell hundreds of hardware each new generation. What discount can you get if you buy 10 or 20 in bulk? 20%? Is it enough to ROI? Not always It depends but 10 or 20 most likely will not get you 20 percent. Even 20 units is a drop i the bucket to any of the manufactures. |
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home mining is tough right now. depending on your region and how much they charge for power. you may be better off buying the coin instead.
I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home. I say as a lot people have mentioned on the forums this is more of a hobby. I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses. I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again. I hope mining will lead to faster pace development in the solar energy. Solar is just too high priced for the wattage needed with mining. I personally am lucky with low priced electricity and it's winter so free to super cheap cooling. I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear). Winter is making it possible for me personally. Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself. And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall. To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do. At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  I actually feel good with my low electricity. I am doing more then paying just bills. It is no longer guaranteed ROI, but is very possible for me. How low is it to consider it as cheap electricity? is 0.1 KWH good enough nowadays? That is what I'm at almost. The big thing for me is over next few months winter weather. You can pull that very cold air in and push hot air out for extremely cheap compared to AC in summer. Make sure to check and make sure it does no get huge on tiers, some have a sliding scale depending on how much you use. |
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home mining is tough right now. depending on your region and how much they charge for power. you may be better off buying the coin instead.
I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home. I say as a lot people have mentioned on the forums this is more of a hobby. I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses. I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again. I hope mining will lead to faster pace development in the solar energy. Solar is just too high priced for the wattage needed with mining. I personally am lucky with low priced electricity and it's winter so free to super cheap cooling. I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear). Winter is making it possible for me personally. Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself. And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall. To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do. At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha I actually feel good with my low electricity. I am doing more then paying just bills. It is no longer guaranteed ROI, but is very possible for me. |
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My SP20 came with firmware v2.5.26 but I see there is a newer v2.5.27 - what does the update address & is it worth updating? Peace PS: Excellent piece of kit these SP20's - well done SP-Tech. Anyone? Nobody using this version? Yes. I'm not sure of difference. Both run great. |
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home mining is tough right now. depending on your region and how much they charge for power. you may be better off buying the coin instead.
This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. I would agree power is a lot of the cost. It's either in your favor or not. Personally I am lucky to have lot's of space and decent priced electricity. I just finished a little over 11k watts on my mining.... and I consider myself a hobby miner not job. 15 TH was fun to hit myself, but in the big pool of miners I'm a small fish still. |
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