Your PSU has 8 PCIe connectors. Why are you only saying 2?

You can buy a 1Th/s miner for about $150-200 right now. But you also might need to spend $75-150 on a PSU.

1Th/s only makes $2.50 per day. So it will take 80 days to get ROI for the miner. It might be another 30-40 days just to pay for the ROI.

So if price drops within the next 120 days, you will lose money or take longer to get ROI. The miner will be almost worthless but PSU might be worth 50% on eBay.


If price stays the same, after 120 days, you finally start making money.

If price goes up, you will pay for the miners quicker and make money sooner.


There will always be risk. Anybody that bought BTC or mining equipment in 2014 after Feb or March, is sitting at a loss.

It looks nice but unless you have users then it will never become popular. People will stick with BTCTalk instead.

One thing I don't understand if you are so successful and good at taking these arbitage bets, why don't you just invest with your own money.

Going on the main website makes it look like a Ponzi scheme almost

Watch your thoughts, they become words? and then a bunch of IP addresses. I don't get it

I understand your situation however it they make Ponzi schemes illegal then won't that make gambling illegall all together?

Both situations the person is gambling and might lose money.

There seems to be a new firmware dated January 2015 on the BITMAIN website. Anybody tried that firmware?

I think this coin is FORKED.


I sent a few payments and they are stuck on UNCONFIRMED for the last few hours.

SOmething is wrong with the block chain

The site looks COMPLETELY empty. Nothing to buy there.

I'm having issues with the wifi. I have the router right next to the miner. It gets 60% signal. But sometimes it drops the signal when mining and start beeping.

And sometimes it sees the networks but fails to connect. Any idea why this is happening? is it because there is no Antenna despite the 60% signal strength?

Can I use the antenna from an old laptop? The connection looks the same.

Yes the seller finally got back to my with the password and I am greatful because the webui and ssh BOTH didn't work without the password. The units would of been garbage.

And yes I am on Oct 24th firmware. Any benefits to upgrading in terms of power consumption, or hash speed?

JESUS CHRIST!!!!!

Listen NOBODY will ACCEPT PAYPAL as a PAYMENT because there are TONS of PAYPAL SCAMS out there.

Even sellers on eBay which claims to have Seller Protection are scared to sell with Paypal because usually when there is a chargeback they usually end up losing money.


You BEST suggestion is to buy LOCALLY on Kijiji or Craiglists. Mining equipment is HEAVY and shipping will up the prices.

I corrected your typo

Your avatar is damn distraticiting. No idea what this thread is talking about.

I sold on FULL MARGIN most of my coins on Bitfinex around $500 or so and whenever I mine a coin I sent it back to the exchange to cover my short.

So if BTC goes to $1, i will still be mining to buy back those coins.

Do you need a PSU for this or is it built in?

I am in the EXACT scenario are YOURSELF.

I have free electricity but I don't want to RISK any money buying miners that will NEVER get an ROI.

Your best option is to buy USED miners from the classifieds or from this forum from people who can no longer afford to run them.

You are pretty much looking at the old KNC Miners, S1, etc. These miners are VERY bad on efficiency but for yourself it doesn't matter. And they are DIRT cheap.

If you buy something new, it costs more and you are at risk of losing money. Looking at the chart, looks like BTC might go to $150 sometime this month or next.

Many are speculating that the hashrate will drop because mining is no longer profitable and they will shut down their rigs. While this is true one needs to remember that unless the mining equipments gets DESTROYED or put in STORAGE most likely it will be shipped to another party who will turn the equipment back on.

Since nobody will DESTROY the mining equipment it will be put to use in 2 ways

1) Turned off temporarily: The miner might turn off the equipment for a couple weeks or months and see if conditions improve. If they dont, it will be moved to option 2.


2) Sold and Shipped to someone else: Many around the world have dirt cheap to free electricity. These are the ones who are buying up these cheap miners due to the low risk and high reward scenario.

The MINING EQUIPMENT and HASHRATE is NEVER destroyed only its MOVED. The hashrate might spike up or down for the next couple of weeks but its only due to the fact that the equipment is temporarily turned off because its currently in shipping.


Discuss

Keep in mind if you are using them for home mining, they are EXTREMELY LOUD compared to other miners out there.

Anyone here running 2 Antminer S3+ on one Corsair CX750?

I rather not buy a PSU for each and rather underclock the Antminer and run two of them on one PSU.