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161  Bitcoin / Mining / Re: Feeding the antminer S3 with 3 pci-e cables? on: August 13, 2014, 11:01:07 PM
First, drawing 180W through a 6pin is dangerous and I wouldn't recommend it to anyone.

You might be activating some sort of protection on the PSU (they are very safe and programmed to shut down immediately when things get too hot or overloaded), so the best test would be just to plug in the 3 PCI-e cables and see how things go.

Good luck!

The 6-pin is differentiated from the 8-pin by only 2 ground wires.  If the PSU is single rail and uses quality cabling it shouldn't be an issue, especially if you use 3 or 4 cables.
162  Bitcoin / Mining speculation / Re: I can not decide to start or not on: August 13, 2014, 10:58:29 PM
Dear Members,

I just joined bitcointalk, typed a page almost, then I checked meaning of a word from toolbar, searched google for it. Shame on me and shame on bitcointalk. when I hit backspace all my writings were gone. Normaly I copy before but forgot this time.

Anyway, I can not decide to start mining or not. My position is frightening.

1. BTC going down till 10 dollars may be ? Hope not...
2. difficulty level will jump %20 or more soon...
3. BTC may not be free .....

I personally believe BTC will be stronger, valuable and widely used increasingly in the next 10 years.

But is it something stupid to start mining now. I would start last year.

I have to rooms at my office which I'm ok with my boss to put 4 machines. I do not pay the electricity here.
And I have a normal size balcony, covered with windows, looking to North. Some miner sun in summer but I'll make it no problem. I pay the electricity here. I can put two machines.

What do you suggest guys. Isn't it one of the worst times to decide to start mining ?
Do I have to be afraid?
Please advise.
and good luck

forgot to tell something : My friend will pay the machines and he says, I may be %50 %50 parthner after machines pay themselves.

I would say that it's a bad time to start mining except that it seems like your main costs are coverted.  If you don't pay the electricity and your friend will pay the machines then what's the issue?  As far as I can tell, the fear to start mining has to do with whether or not you would recoup your startup costs and cover electricity bills.  If you don't worry about that, what can go wrong?

Because at present it looks like even with free electricity people may not recoup the 0.66BTC for an S3.  I bought 2 in B6 and already have regrets as I didn't notice the huge spike in power in the last 4 days (got lulled into complacency by 2 week difficulty jumps).
163  Bitcoin / Mining speculation / Re: I am out of the mining game :( on: August 13, 2014, 10:55:34 PM
I think you're one of the many miners that quit. That's why the ASIC devices are getting cheaper and cheaper. This has happend for GPU's too, you can buy some used GPU's for great prices nowadays.

However, it might still be profitable in the long run to mine now. You might not make profit now, but what if the Bitcoin is worth, for example, $5000 next year? It might have been profitable then to keep on mining now.

If you're assuming that BTC would go up against fiat in he future wouldn't it behoove you to do everything to earn as much BTC as possible.  If mining is a loosing proposition compared to buying the coin, why mine in the first place.  People need to do basic math before making mistakes like this.
164  Bitcoin / Hardware / Re: ANTMINER S3 Discussion and Support Thread. on: August 13, 2014, 07:26:39 PM
ANTMINER S3 Batch 7 Sold Out again
 Grin Grin Grin Grin Grin Grin Grin

Man, i still haven't received my batch 5 order -placed on July 27th. I don't even have a tracking number yet.

Will there be a batch 8?

Looks like B7 is the last until Sept 20 when the new S3+ goes on sale along with the upgrade kits.  Considering the 25-100% difficulty jump by then the prices don't look too appealing.
165  Bitcoin / Mining speculation / Re: Will my college dorm room be able to handle 3000W? on: August 13, 2014, 07:04:16 PM
1. you cant live with that thing in one room without earplugs. the room will get hot for sure more than 35° without ventilation and then and your miner will shot down too.
2. you need one circuit breaker just for your miner. check that out. then replace it with one for 16Ampere (in europe) and put thicker wires from the circuit breaker to the plug (recommended, but depends how hot the wires will get). best you consult an electrician. for 100 bucks he can figure out whats necessary.

It's a college dormitory!!!  He/she can't go changing breakers and ripping out wiring.  I doubt he/she would be even allowed to have access to the breaker in the first place that's why I said not to trip it.  If it trips the engineering dept will come over and try to see why it tripped.  Then you either need to show them the miner or lie/hide it which could get him/her into a lot of trouble.

1 S3 should be fine - anything beyond that would depend on the size of the dorm and the age of the circuit.
166  Bitcoin / Mining speculation / Re: 490k Chips bought on: August 13, 2014, 06:59:39 PM
Remember that bare chips are only bare chips, and that will have non affect for you mining  Wink

June 2013 difficulty: 15.000.000
June 2014 difficulty: 15.000.000.000

difficulty rise 1000x

nice Smiley

I know you want to get those milliBTC for each post from PD but please stop spamming.  You replied to 14 threads in this forum and bumped up a year old thread talking about Avalon chips that never really materialized.

Please do not bump old threads unless something significant has occurred.
167  Bitcoin / Mining speculation / Re: Beginner Hobby Miner w/ Jalapeno on: August 13, 2014, 06:55:07 PM
I bought 4 jalapeno's for 25 euros each what a steal.


I would have sold you 300GH/s of BFL miners for that price if you paid for shipping  Tongue

I would buy one for fun, when it would have integrated cgminer running with wlan support. its stil available new for $50 at butterflylabs hp.

BFL is the worst of the currently "living" ASIC companies.  If you order a "new" miner it will ship after Two Weeks and come covered in dust because they've been mining with it since last year (it will be anything but "new").

hahah yeah probably. they keep their miners in stock, what means, its 'living' stock. i would say its not the worst, because they actually had always a product.

Well that is why I put the qualifier of currently living.  Other ASIC companies have gone died taking their customer funds with them like bASIC and Hashfast.  But at least with those you know you're not getting anything back and can move on without aniticipating some future outcome.

Look at what BFL does stringing previous customers who should have hardware delivered in 2012 - they are stringing them out towards 2015!!!  Some people expected 65nm ASICs in October 2012, realized it wasn't going to make anything delivered late 2013 and unfortunately BFL said they would ship the newer Monarchs late last year.  It's now August 2014 - almost 2 year circle for some people!!!
https://bitcointalk.org/index.php?topic=372316.0
168  Economy / Service Discussion / Re: PB Mining vs Cex Io on: August 13, 2014, 06:47:57 PM
Antminer s3 vs cex vs pbmining

Antminer S3, it seems cheapest mining hardware in the world. BUT it is not.

Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.

Lets calculate the how much it costs..

0.68 BTC for 441 GHS.

340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh

0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost

PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs

TOTAL COST IN ONE YEAR

0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc


Cex is double of that..

Some advise for you, just try cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years..hardware mining is useless at the moment.

ok. but cex.io charges from your income also 20% for maintance. have you calculated that too? 1 Dollar for 1 GHs sounds good to me...

He is shilling for PBMining which should be assumed is a ponzi unless they can prove otherwise.  They will accept contracts for some time, develop huge amounts of income, and run away.  The miners will be left holding the bag.  Would you even know where to go to sue these guys?  Nobody has even seen their facility.
169  Economy / Service Discussion / Re: What cloud mining site do you use and why? on: August 13, 2014, 06:44:11 PM
http://pbmining.com

Because,

Antminer S3, it seems cheapest mining hardware in the world. In fact,

Assuming you will mine with this device for one year. Because after a year, hardware mines nothing because of diff rise.

Lets calculate the how much it costs..

0.68 BTC for 441 GHS.

340 watt for 441 GHS = (0.34kwh/441ghs)*0.15$/kwh*24*365/(550$/BTC) = 0.00183 btc/ghs in one year energy cost with 0.15 $ / kwh

0.68/441 = 0.00154 btc/ghs comes from order
0.00183 btc/ghs comes energy cost

PSU : lets say, 75$ ----> 75$/441/550$/BTC = 0.00020 btc/ghs

TOTAL COST IN ONE YEAR

0.00154 + 0.00183 + 0.00031 = 0.00368 BTC/ghs = 2.02 $ / ghs @ 550$/btc

If you arenot paying electiricty, buy antminer otherwise, just try cloud mining services with has no fee policy. Just like http://pbmining.com with prices 0.0029 btc/ghs for five years..hardware mining is useless at the moment. I made my roi in 4.5 months with this site.

Wow you spammed the same thing in 4 different threads - how much a shill are you?  I repeat what I said in the other thread as a rebuttal.

What you forgot in your calculations was that when pbmining gives you a 404 error in 3 months (as in they run away with everybody's contracts) your 5 year contract is now worthless, the S3 will still be mining and under warranty. PBMining has yet to show what hardware they are using or where they are generating blocks - assume it's a ponzi until proven otherwise - Pireate@40 2.0


Cloud mining leads to centralization - no point in supporting it.
170  Other / Off-topic / Re: Turn your cat into a WiFi hacking tool! on: August 13, 2014, 01:01:17 PM
Sure it works until Cisco releases Bulldog 2.0 and then your Cat attack has to get upgraded to Mountain Lion or Snow Leopard.
171  Other / Off-topic / Re: What comes to your mind when you see the username above you? on: August 13, 2014, 12:49:38 PM
One of my previous boyfriends who was into that pornstar named Devon.... very busty girl.
172  Other / Off-topic / Re: Ban the person above you (jokingly). on: August 13, 2014, 12:47:37 PM
Banned for posting meaningless sentences which don't make sense.

Banned for not knowing your history:
http://buttcoin.org/bitcointalk-forums-hacked-bill-cosby-pimping-new-cosbycoins%E2%84%A2-to-all-the-members-breaking
173  Other / Off-topic / Re: Totally Off-Topic! on: August 13, 2014, 12:45:43 PM
Near Chitty, far Chitty, in our motor car
Oh what a happy time we’ll spend.
Bang Bang Chitty Chitty Bang Bang
Our fine four fendered friend.
Bang Bang Chitty Chitty Bang Bang
174  Other / Off-topic / Re: Ban the person above you (jokingly). on: August 13, 2014, 12:42:08 PM
Banned for being jelly.

Banned for talking no sense lol.


here is jelly:

Banned for not knowing what I was talking about.

Banned for not promoting Bill Cosby when mentioning Jello. The man created Bitcointalk afterall!
175  Other / Politics & Society / Re: ~~~ Homeless Veterans ~~~ on: August 13, 2014, 12:33:37 PM
A more accurate title would be "homeless terrorists".


Oh look you made a funny  Roll Eyes

I see the jihad is strong in you!  Makes you angry, gives you focus, makes you stronger.

Get off your moral high horse.
176  Other / Beginners & Help / Re: I'm Broke! Plese help me:( on: August 13, 2014, 12:25:23 PM
Sell the GPUs NOW!!!!   The next generation of cards from AMD is about to start rolling out and nVidia will start putting out the rest of their Maxwell lineup.  That will make the current power hungry cards worthless to miners.  Sell the cards now while gamers might actually buy them.
177  Other / Beginners & Help / Re: btc-e account hacked :( on: August 13, 2014, 12:21:09 PM
IMO this is why you should designate a computer purely for BTC trading/wallet storage & whatnot - if this website you used won't take security seriously it doesn't mean you shouldn't.

BTCe may not have full disclosure but the security on the site seems to be very adequate for most users including 2FA.  If the end user doesn't utilize that tool then they are assuming the risk.
178  Alternate cryptocurrencies / Altcoin Discussion / Re: Do we have too many alt coins? on: August 13, 2014, 12:16:57 PM
Look at this.  I think we can squeeze out a few thousand more turds:
http://mapofcoins.com/
179  Other / Beginners & Help / Re: I Earn 0.00002970 Bitcoin For One Hour on: August 13, 2014, 12:14:04 PM
1886 Satoshi is about 1 penny, so the OP is making just under 1.5 cents per hour.  My PC uses about 110W, so I would actually lose money by going to faucets.

If it makes you happy then go ahead.  Financially, frequenting faucets is for idiots.
180  Other / Beginners & Help / Re: bitcoin wallet fee on: August 13, 2014, 12:09:48 PM
Unfortunately if you have a lot of dust (very small payments like 300 Satoshi) then your transaction will be quite bulky and incur a large fee.  This is another reason why faucets are a waste of time.
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