Its funny how when this thread was created, all we were seeing were photos of GPU rigs, then photos of ASICs, and now we are back to photos of GPU rigs.
Not anymore,GPU rigs are for ALTcoins,they DO NOT BELONG in this thread!!!!!!!!!!!!!!!  As per Mikestang's request  I kinda like them due to reminding me of past, technically they are mining rigs but your right they are altcoin at this point. But if we just include asics we are kinda limited. Things I liked of GPU is they are all so different. Now day's most are same machines different layout of miners depending on size... but miners are all pretty much the same. |
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An S3 uses only like 340Watts so 500W PSU should be sufficient. However it probably only has 2 PCIe connectors.
I am assuming that the heartburn people have with the OP's statement is that the post appears to imply that two S3+ are being powered by one 500W PSU. I've got a couple of S3+ units and a 500W power supply (been running them both for a month or so) that I'm selling, if anyone's interested.
Yeah I missed that part, yeah no way you can run two of them. And I could be wrong re-reading it he may mean multiple units and power supply's just read it as opposite way. So guess he will update us but I think his main goal was to sell.... so was kinda wrong thread for that anyways. |
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I do understand why people want to join the mining game. but what I don't understand is why they expect profit. Any newbie can check this forum or for the lazy ones use a calculator and see it is not profitable anymore for the home miner?
They expect it as they look at mining past. At one time it was a 3 month ROI which is AMAZING. Nothing hardly has a 3 month ROI. But these day's mining got industrial size, and timeline is much longer. Became a game all about electricity... It is profitable for some home miners, depends on electricity. The "lucky" ones with apartments with electricity included will be able to mine pretty much always. The ones with high electricity day's are over. And what I considered normal.... is pretty hard anymore to profit. So yes can be done. But far from past on being easy. |
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Same here payment received just no pm/email. Which I am fine with so people waiting might check their address as it appears to have paid out. Thanks Marco! |
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Sometimes I really feel that I am very late into it as I had an opportunity to start really early on, but anyhow I managed to get into it and at a moment I am very much satisfied with the extra money I am earning from it.
Not really, if you been around then youre already still ahead then most people. Since even after the articles been written about bitcoin and media it still hasnt gained mainstreams full attention yet. A lot of the mainstream media tends to get bitcoin in a bad light to which is sad. But bad news sells better then happy news in most cases. So we really need mainstream media to separate bitcoin from some of the illegal things many news sites try to tie it with. Some use "blockchain technology" in attempts to avoid BTC's bad articles. But we have some uphill battles to get mainstream support. |
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To give you some hard figures: You can buy an Antminer S7 for about $1200 with powersupply. it makes 4730 Mh/s and it uses 1300 watt. Electricity costs $0,04/kWh With this numbers you go to the Bitcoin mining calculatorI tells you you can make a revenue of $1621,00 annually. When we stated that the depreciation of equipment is in 1 year then you can calculate that your yearly profit is $421,- Well the net income is 421$ in 1 year using one ( Antminer )  ? and What is the life expectancy of (Antminer) thanksssssssssssss  With price of 1200 it has to be more then one S7. Current price is just much less. But make sure to include difficulty change, and having eventually, unknown price of BTC in a year. You cannot get close to your yearly income. It's impossible to speculate a year's of difficulty I would argue. So do ROI in shorter terms I would avoid yearly as it just is not likely you guess right on changes for the year. |
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Faucets are fast and easy way to earn the coins.
fast? not for sure, you will earn just few sats with them and all those captchas will bring you a headache after few days working with it... but i must agree that is an easy way to earn some sat if you haven't another way to do that. how can I start work with faucets???
you could search for them in this subforum -> https://bitcointalk.org/index.php?board=212.0thank u so much... tell me if I want to earn fast, what should I do? If you have particular skill you can open your own topic here offering your service There are people who offered his design skill, some his programming skill, etc Or you can sell your stuff, that's guaranteed to make a quick bucks  Some people also need some help in exchange for a few cents on service section To follow up on this advice. To anyone new, you can find these skills by udemy or treehouse at reasonable price. You can see others selling stuff in the digital goods section, so hopefully you can sell something in that section as well outside from getting those skills. The hard part is then you will need examples of work. Classes like this are great for learning or brushing up but no degree or certification so no real proof to help sell to clients. So you might even take on free work to try to get work you can show clients. Also it highly depends on what skill your wanting to learn on what is best way to approach it. |
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last batch of s7 is not so much of a home miner, some say s7 itself it'a not....
also summer it's comming and heat becomes a minus!
atm:
Estimated Next Difficulty: 191,920,048,332 (+7.41%)
Adjust time: After 1887 Blocks, About 12.5 days
Hashrate(?): 1,315,156,282 GH/s
I thought the same at first but I have read quite a few stories of people going to 220/240 on a line. I know I added it in my mining area specifically for S7's. I have some 120 lines ran to as I was running some previous gen miner and A6's. (I had a lot of the parts for 120 including is why it got ran first). But after trying 240 with PDU I doubt I run anything besides it if I need more in future. For what it's worth I think home mining continues to go smaller. Hobby mining of a little bigger some went to like me. But its really the mega farms that control the game now days. no question the game is all about power cost. Yeah I have 2 deals giving me very low cost power but I can not scale it past 10 kwatts. 2 or 3 cents average then my power jumps. I may be able to run something at 8 cents 3-5 more kwatts . then all other power is 12 to 15 cents and that means only eth coin works And it's almost sad explaining this happening to people. I had a family member asking about bitcoin and in part mining. In past I have been able to say very good things about mining (I don't see this member often). But this time when explaining current state of mining it was sad. He asks about investment and in past I would have had a way for him to possibly do it. But my explanation now is all about electricity costs and it's moving to mega mines. It almost hurt me as I was explaining it and realizing how much less positive it was compared to say year ago or before even. |
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Yeah i think it's controlled profits. They are benefiting from new hardware, but i think they won't sell to us untill they upgrade 2 generations ahead of what we can get. I think the glory days are over.
They also are benefiting by designing as low cost as possibly can be done. The new 1 fan design they saved 50 percent of fan costs. May not seem big but if you sell 10's of thousands it would add up. So they are benefiting as I think they have mastered S7 from production. They likely have costs as low as they can with one fan, high freq, less chips, etc. So now they just ride last bit of S7 profits they can. And price drop was to boost sales looking at difficulty I believe it did it. |
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I still think hardware wallets are a big thing. I see them growing more and more. This is why I have put time into reviews of a few. I have another one I have started working on review (I will post in here which one and how it does after done testing).
But hardware or cold storage is way to go for collecting BTC long term.
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But there are lot of true cloud mining services available for us to get benefits with them. No, there are not a lot of genuine cloud mining operations. Most 'cloud mining' sites are ponzi scams or, at best, fractional mining ponzi scams. or invest for free in my system "about U2cloudmining site" you can be sure never loose.You can only earn more or earn less...but never loose. But if they go with your normal investing ... they can loose. The number invested compared to payout unless it has changed massivly would suggest a lot of people on your system still have not made back investment - https://bitcointalk.org/index.php?topic=852857.msg13928830#msg13928830 Feel free to update numbers as it's been a while since you released that set. But I don't see profit being made still. Offering some "free" does not make up for other ponzi type investment that loses money. Why do you continue to post this "u2 cloud"? *Editing post due to length look above for full post.
Investors for cash have so far not get back all their investment.If you do math they never will from numbers you put out. Just your U2 is not powerful enough to pull it off. A investment where seller knows you likely will not make profit and hides this info is normally considered ponzi.
it's a long term investment...
In real life,it takes sometimes over 20 years to get back the investment with profit.This is not a standard investment like a stock. Crypto investments espically on miners are fast and high risk/high reward. Do you warn investors your fine with it taking 20 years? No mining system that mentions 20 as justification would get any investors. Many investors for "real satoshi" are not in a hurry to be paid back...they even re invest or claim for free...they could sell shares if they would.Come on.... investors not in a hurry to get paid back? Ask them if they want paid back tomorrow I bet they would say heck yes. Who will they sell these shares to? They will take a loss as your entire system is not held very high on respect. I agree...so far I have not paid back more than people have invested for real I could be a scammer.
I agree that if one sees how much I offer profit it could be taken for a ponzi.Yes without paying back investors for so long.... it is seem as ponzi and most consider you a scammer. The numbers you released with U2 mining just do not equal long term profits. Your profits with difficulty changes only go down. It appears you will never pay back investors. So I think that is why you have a scammer tag. Put thoughts on some of above rambling above. My words are ones not bolded. |
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thanks. i emailed again. fingers crossed.
You might email every other week or something to make sure you are remembered. It's kinda a thing you want to do enough to be remembered but not a pain. But sadly it can take quite a while. You can read other threads. With it being known security question does this it's not at the top of the stack (I don't think at least). So good news is you are not banned just locked. Bad news is these can drag on for quite a while. |
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I have one of those fan's your using (I believe it's lasko if I remember right). I used it before I went bigger drum fan's. But you picked a good fan.
I really like fan's using old knobs you adjust speed. A lot of the new ones with electric buttons if power is lost turn off and stay off till turned on. But with good old knob if power is off and comes back on they come back on.
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No confirmation the SP50 is in production. They may sell at that price, I am selling one SP31 unit for $500.00 plus shipping.
-D
SP50 has more questions then anwsers at this point. And even if they do make it bitfury beats them on specs (at least announced ones) by 1/2 on efficiency. So will be hard to sell a data center sized miner when they can get a machine twice as a efficient. I would like to hear more about SP50. But I think silence speaks a lot. For what it's worth I hope SP scraps SP50 comes up with new chips and makes it more SP30-35 size that home miners might buy, but I don't see this happening. |
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500W is too small for an S3, I'm surprised you haven't melted it down yet. A good rule of thumb is to not exceed 80% of the rated power of the psu.
Unless it is under clocked I would be afraid to buy it personally. I wonder if he is running through 4 or 2 PCIEe to. I am surprised it has not had problems either and run under that unless psu is wrong or under clocked. But I would be interested to hear more of the story. |
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I love seeing these as they bring back memories. How did you do on selling them if you don't mind me asking? Did you the hundreds of them? That blade came after that blew them away, which is when I unloaded my block erupters. |
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That's the feeling I have but hasn't DualMiner released hardware previously or was the Sfards miner a different company all together?
I believe sfards was a company that is separate. If they made dualminer they did not put their names on it which would be odd. But we have not seen a public asic miner that can mine "X11 Miner". So I am not holding breath. Also they say in-stock and shipping at top.... if so why have we not see it on forums working? I would personally not spend a dime on it at this point till more proof. |
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Dam I think I should start a mining hosting farm... thats not hosted in china you know to keep it decentralized Guess im lucky here... electric $0.06 from the service providers $0.05 direct from the main power supplier. and if we go solar.... <drum roll> 8hrs of sunlight in winter and 12 hours in summer.... hmmmm Now capital that's the problem *sigh* Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm. Personal mining sure on .05. But with a hosting farm everything is bigger on costs. Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs. So I don't think you will be profitable for quite a while after setup costs. And this does not include how hard it will be starting to get people to trust you with their gear. |
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i would prefer buying bigger mining hardware than buying a bunch of USB bitcoin miner, it'd takes a lot of consumption,even it's the same as the bigger mining hardware,but if you'd have an alternate energy of electricity,sure those will get you profit
Don't forget about maintenance cost, cooling option for miners and location to place your miners. It's harder than you think. You should either start to mine with lots of GPU's or just dont start at all.
USB Miners are useless
GPU is even more useless than USB miners to mine bitcoin and altcoin which use SHA-256 algorithm. USB miners really don't have much as far as cooling. I mean I put some fan's around my compacs and U3's (when I had U3's) but with just stick miners a cheap cpu fan can do it. Some even use usb fans. But you are right they will not ROI. Some claim GPU is back. I personally don't see a solid long term profit that is guaranteed I see some as a bubble on ETH. I personally did not invest in GPU machines right now. Just is hard to ROI on them your counting on 1 coin a awful lot that could turn into pump/dump as so many have done. |
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