I still make money from mining, and I am using KNC Jupiters. For this 2014 I am getting 3 Neptunes (already paid) to get some decent hashing power. I know most people in this forum are afraid of jumping into mining and actively discourage people who want to start mining. I guess it is anyone's take. It is a risky business, and at least to the best om my logic, it dont see how can I will lose any money. I expect to end 2014 with double my investment in Neptunes. Here some extra reading if interestedYou're welcome to your enthusiasm. But haven't people already spelled out why mining with ASICS now is a losing proposition? Figure out how much fiat you laid out for those 3 Neptunes, divide that total by $550 (or even $420 if you are a quick trader and caught the bottom). That's how much BTC you should be able to mine to come out ahead. If your 3 Neptunes mine more you have profit. If they mine less you have loss. Simple as that. Difficulty modeling suggests you will come out losing, but nobody can say with certainty. |
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I was wondering how many miners out there use a colocation service for mining.
It sure would make powering and cooling my miners a lot less of a pain in the ass.
I know Dalkore has set up a service, not sure how busy it is yet: https://bitcointalk.org/index.php?topic=275768.0 |
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1Ls5FpWRR9AZVQY8arUVdAMrwiXfT2W3eS
I'll bite and see how it goes.
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I'll throw my 2 cents worth in here, i too got band off bfl forms even though i been posting scene April 2013, after my 6 month delay on my jally, Reason i got band i called them scammers for cutting 60% of the price on the monarchs after not delivering a single one.
And when i created another account they removed it , after i linked to BFL being sued.
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PS
@TrillionBTC , that was classic after calling someone a bitch, turning around and asking him to use your cex referral. Epic
Comedy Gold! Anybody who spends $300 USD on something without doing a little bit of research is a fool or for them their time is more valuable than $300 (not sure why they are bothering to attempt mining then). BFL and scam are like trading pairs now, synonymous with each other. |
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If you don't mind killing the laptops you can mine. Laptops will usually die in a couple months if you 100% load them for hours on end. The RMA/shipping might be more than what you would make mining.
Having said that, probably not worth GPU mining but mining a CPU coin might be profitable (again at the expense of a dead fan and possibly a dead board).
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Oh that. I was thinking you meant those plastic pieces that support a mobo at the mounting holes. That's an open air frame. Yeah if you want to stay organized it's great, but You're spending money on looks. I personally just used cardboard boxes and wire racks. |
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If you're trying to be neat about it then go ahead and secure everything down. I run most of my non cased rigs on top of the mobo box they came with and haven't shorted anything yet, but I don't live in a low humidity environment.
Pardon me for asking question which is our of the topic but I am so deeply curious about DrG's profile photo. Who is this woman??? Can't do anything till I won't get the answer. Please, tell me, beg you Haha, many have asked. it's a pic of Maggie Q (from Nikita, Die Hard 4). My lil girl happened to see a pic of Maggie on my computer and she called her mommy (since my wife looks like Maggie) so I switch my avatar. It was Freddie Prinz Jr before (since back in 2011 somebody paid 0.01BTC for people to switch their pic). I'm a whore for BTC lol. |
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Latency actually matters ALOT. I was mining for a while on some altcoin pool. I got a whole bunch of stale's and it was because I had latency of 300ms.
That's pretty bad lag. I mined for a short while off a wireless bridge-->router-->wireless adapter which is 2 wireless hops and I still has less than 1% stales mining BTC. |
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so.. orphan blocks to my under standing is you lost the race sorta. And someone else got awarded the 25 btc for being the first or awarded the 25 btc by the rest of the miners.. I really don't see how you can lose/waste mining power.
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It's like winning a race and not showing up for the medal ceremony and thereby losing your medal (the medal being the 25BTC). If you went to the race and did all the work to win and get no reward, isn't it wasted work? |
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It's does happen from time to time: https://blockchain.info/orphaned-blocksOrphaned blocks happen because of how the Bitcoin network reaches consensus on the blockchain. Because there is no central storage for it, every Bitcoin client stores its own version. It can be the case that a majority of nodes have one version of blockchain, but then a smaller minority have another, with two more fresh blocks. After the majority notices that it no longer has the longest blockchain, it will switch to the other one. This can happen when two miners produce blocks at similar times. Note that blocks only contain transaction IDs. No money is lost during this blockchain reorganization*, because the transactions that were in the orphaned block will be nevertheless included in subsequent blocks. *actually, the 25 BTC reward from the orphaned block is lost, so the mining power of miners was wasted in that case.Pleas explain to me what finding a block is. Does that mean you stumble upon 25BTC, or that a round has ended quickly. I'm NEW but learning! If you are solo mining it means you solved the block and won 25BTC plus transaction fees. If you're mining in a pool it means you solved a block for the pool and the pool gets 25BTC and fees and distributes them to the pool base. |
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Believe it or not, George isn't at home, please leave a message at the beep. I must be out or I'd pick up the phone. Where could I be? Believe it or not, I'm not home. [Beeep]
I was going to say that, but the original is still the best: Believe it or not, I'm walking on air. I never thought I could feel so free-. Flying away on a wing and a prayer. Who could it be? Believe it or not it's just me. Greatest American Hero |
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I think the retail people like you and us make up less than 5% of the total hashrate. Those higher up in the foodchain probably get equipment more than 50% cheaper than us so they can continue to mine for awhile and the rate still goes up because there is competition between the suppliers who can make more and faster, wafers, chips, boards, kits, etc. As the margins get squeezed for even the manufacturers, those that are the slowest to develop newer and faster and cost efficient equipment will falter.............. BFL, Black Arrow and KNC soon.
Yeah the people who in the past would order 20 SC Singles from BFL in 2012 are now contacting the ASIC companies directly and asking for their units to be shipped straight to data centers with lower overhead. No worries about heat, noise, uptime (short of the unit failing). That is too expensive. Now that BTC income from mining is 10X-15X the cost of electricity, it can be paid. But eventually running your own hardware in datacenters will be too expensive. At first I ordered more Neptunes that I could run at home, and started contacting datacenters to rent a rack and put those there. Datacenters costs (i put in my first post the cheapest option that I almost took) are no less than 4X the cost of household electricity. Now I canceled the orders that I cannot ran at home (however I am eagerly waiting the 3 Neptunes I can run at home), and I am waiting for the second half 2014, when KNC starts selling hashing power in their mega datacenter. That still will be more expensive that running those at home, but the advantage of no worries (heat,noise,...), plus not being able to run more at home, justifies the price. You do know there are people who have establish mining datacenters - colocation. Look into it. It's the reason many claim ASICs have destroyed decentralization. |
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 Well at least he/she is not wasting forum resources by making a puppet account to promote it 
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No problems with sapphire here. 7950 are crap cards (they're failed 7970's) I don't use them. When the fans die we just strap 92mm case fans on with cable ties.  Man you really have it in for those 7950s don't you - did they murder some other cards?  Doesn't matter as both 7950/7970 are pretty much gone now. What I did for my failed 7950 was take the fan out and mount a 120 near the card - same effect. RMA with Sapphire seems like it would take a month - would be cheaper to just buy a new fan. |
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Hows the heat? I cant imagine that box fan is enough.. I need a humidifier im dealing with hot dry air. Ambient for the room is ~50F, and most of the cards are between 55-65C. It's winter in New England, and there's a filtered box fan in the window to the right in the pic, behind the rigs. It's blowing 0-20F air into the room, and the cards are nice and cool! We have 50kBTUs of AC ready to go, but we're holding off while we can, cuz a box fan is cheaper. Nice RIG Thanks! I hate you. Tomorrow will be the coldest day of the last 10 months here in SoCal - get down to a chilly 49F at night. I swear God mad this the hottest winter in history on this side of the US. How are you regulating the humidity if you're bringing in outside air? |
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Hey there folks
I usually don't come on forums to post or anything. Im just a reader and investor, registered my account today just to post a great site/location that sells the 290x cards at good price and the miner that i bought.
The price was really competitive, i don't usually do much business online due to high risk of scam going on in litecoins and bitcoins. I tested this company and so far they have been very professional.
Wanted to share it with y'all. Ordered only 1 290x to see if they for real, got it 5 days later. Then i ordered 25 of the 290x cards to build my rig. Thanks to openrigs.com i have ordered their giorgina frames. Extremely very happy. If anyone has questions or anything let me know. I might not answer right away your answers so be reasonable.
cheers
almost forgot the website is airtechy.com
**i'm not trying to post/scam/flood/spam.
I'm sorry but your verbiage is textbook scam artist. You just registered today and make an sales pitch for the company  Post pics of your your stuff when you get it or it's a scam. New users - don't go to unknown sites posted by other new users. |
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Have you tried using a dummy plug. It shouldn't be necessary with current drives but it's an easy workaround.
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I think the retail people like you and us make up less than 5% of the total hashrate. Those higher up in the foodchain probably get equipment more than 50% cheaper than us so they can continue to mine for awhile and the rate still goes up because there is competition between the suppliers who can make more and faster, wafers, chips, boards, kits, etc. As the margins get squeezed for even the manufacturers, those that are the slowest to develop newer and faster and cost efficient equipment will falter.............. BFL, Black Arrow and KNC soon.
Yeah the people who in the past would order 20 SC Singles from BFL in 2012 are now contacting the ASIC companies directly and asking for their units to be shipped straight to data centers with lower overhead. No worries about heat, noise, uptime (short of the unit failing). |
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If you're trying to be neat about it then go ahead and secure everything down. I run most of my non cased rigs on top of the mobo box they came with and haven't shorted anything yet, but I don't live in a low humidity environment.
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I've seen allot of stories on KNC too and all of them fluff pieces. No one really calls them to task for doing that or any other company for that matter.
One big one is that many of these companies mine with the gear they pre-sold before they ship it out thus making a double profit.
^^^Mainly this IMO.^^^ Have a look at the video in the link below for an exampleof this. It is KnC building a big server hall in the North of Sweden. Most likely filled with miners that mine for a few weeks before being shipped out to waiting customers... http://www.gp.se/nyheter/sverige/1.2276893-datorhall-for-bitcoin-byggs-i-boden ManeBjorn, you're not looking in the right places obviously. Go read in the Hardware thread. Avalon got called out on it a long time ago even though they stated that they would never do such a thing unlike their competitors: https://bitcointalk.org/index.php?topic=236348.0BFL has also mined with their customers units, although the proof is not as damning as with Avalon which is blantantly obvious. I do not own any KNC hardware currently. The company seems as legitimate as we're going to see from a hardware manufacturer and they are admitting to mining. Would you prefer they lie to you? |
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