Look at this investigation of "difficulty" to see how it is reducing every month for year over year to help determine if mining is profitable. You also need cheap power and the capital to buy a substantial amount of rigs: This difficulty was reduced April 19, 2015 to 47,610,564,513. On Apr 17, 2014 the difficulty was 6,978,842,650. That means your hash rate, from April 17, 2014 to April 19, 2015 needed to increase 6.8 times to mine the same amount of coin. I plan on getting out WAAAAAAAAY ahead of the difficulty before the blocks halve and also have electricity rates of 3.4 cents per kWH to make the block halving much easier to bare if the price of bitcoin is the same as what it is today ($ 238.00). EDIT: Sunday, May 3, 2015. Bitcoin difficulty on Apr 29 2014 was 8,000,872,136 [BTC-e $438.60]. On May 3, 2015 it was 47,643,398,018 [BTC-e $240.73]. That means the difficulty rose 5.95 times more than what it was a year prior. [Your hash rate would have to be 5.95 times more than what it was this time last year to mine the same amount of coin.] So, if you had 10 TH/s a year ago, you need 59.5 TH/s today to mine the same amount of coin.Bitcoin difficulty on Apr. 17 2014 was 6,978,842,650 [BTC-e $485.58]. On Apr 19, 2015 it was 47,610,564,513 [BTC-e $220.43]. That means the difficulty rose 6.8 times more than what it was a year prior. [Your hash rate would have to be 6.8 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Apr. 05 2014 was 6,119,726,089 [BTC-e $467.78]. On Apr 05 2015 it was 49,446,390,688 [BTC-e $257.01]. That means the difficulty rose 8.07 times more than what it was a year prior. [Your hash rate would have to be 8.07 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Mar 24 2014 was 5,006,860,589 [BTC-e $588.71]. On Mar 22 2015 it was 46,717,549,645 [BTC-e $266.36]. That means the difficulty rose 9.3 times more than what it was a year prior. [Your hash rate would have to be 9.3 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Feb 17 2014 was 3,129,573,175 [BTC-e $612.00]. On Feb 22 2015 it was 46,684,376,317 [BTC-e $230.23]. That means the difficulty rose 14.9 times more than what it was a year prior. [Your hash rate would have to be 14.9 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jan 24 2014 was 2,193,847,870 [BTC-e $774.98]. On Jan 27 2015 it was 41,272,873,895 [BTC-e $252.58]. That means the difficulty rose 18 times more than what it was a year prior. [Your hash rate would have to be 18 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jan 02 2014 was 1,418,481,395 [BTC-e $782.00]. On Dec 30 2014 it was 40,640,955,017 [BTC-e $308.86]. That means the difficulty rose 29 times more than what it was a year prior. [Your hash rate would have to be 29 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Nov 29 2013 was 707,408,283 [BTC-e $1,019.60]. On Dec 02 2014 it was 40,007,470,271 [BTC-e $377.50]. That means the difficulty rose 56.5 times more than what it was a year prior. [Your hash rate would have to be 56.5 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Oct 26 2013 was 390,928,788 [BTC-e $171.37]. On Oct 23 2014 it was 35,985,640,265 [BTC-e $354.17]. That means the difficulty rose 92 times more than what it was a year prior. [Your hash rate would have to be 92 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Sep 25 2013 was 148,819,200 [BTC-e $122.55]. On Sep 25 2014 it was 34,661,425,924 [BTC-e $401.91]. That means the difficulty rose 232.9 times more than what it was a year prior. [Your hash rate would have to be 232.9 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Aug 24 2013 was 65,750,060 [BTC-e $106.34]. On Aug 31 2014 it was 27,428,630,902 [BTC-e $475.90]. That means the difficulty rose 417.1 times more than what it was a year prior. [Your hash rate would have to be 417.1 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jul 22 2013 was 31,256,961 [BTC-e $84.50]. On Jul 25 2014 it was 18,736,441,558 [BTC-e $594.47]. That means the difficulty rose 599.4 times more than what it was a year prior. [Your hash rate would have to be 599.4 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jun 29 2013 was 21,335,329 [BitStamp $88.83]. On Jun 29 2014 it was 16,818,461,371 [BitStamp $599.86]. That means the difficulty rose 788.3 times more than what it was a year prior. [Your hash rate would have to be 788.3 times more than what it was this time last year to mine the same amount of coin.] The numbers above reveal at one time we had as much as a 788.3 times increase in difficulty over a year's time. That number has reduced to 8.07 times more than what we had the year prior. The amount it increases year over year is being reduced every difficulty change quite significantly. I think now is the best time to get into mining than this time last year. I just started myself on September 22nd last year. By September this year, the difficulty might be around 64,000,000,000. That would be less than 2 times what it was September of 2014. Like I've told others, I think I got in at the right time. I started out with 7 TH/s September 22, 2014. I ought to have 210 TH/s by September this year. That would be 30 times what I started out with September a year ago. However, the difficulty will have only come a little shy of two times year over year. I'm hoping to have 20 times that number in September of 2016 at 4,200 TH/s. And again, the difficulty might be 2 or 3 times what it was the year over year for September 2016 but I will have done a 20 times increase. I'll stop for a while somewhere in between 5,000 and 10,000 TH/s to recoup all of my investment and then some. Then start again... If you look at the numbers below [curtesy of https://bitcoinwisdom.com/bitcoin/difficulty] you can see what I see. For example: On On May 24, 2014 the difficulty was 10,455,720,138. Do you honestly think it will be close to 10 times that at 100.4 Billion this coming May 24th of 2015? I seriously doubt it. On Jun 29, 2014 the difficulty was 16,818,461,371. Do you honestly think it will be close to 10 times that at 160.8 Billion on June 29, 2015? I seriously doubt it. On Aug 31, 2014 the difficulty was 27,428,630,902. Does one really believe it will be close to 10 times this at 270.4 Billion on August 31, 2015? I seriously doubt it. Apr 19 2015 47,610,564,513 -3.71% 340,809,696 GH/s Apr 05 2015 49,446,390,688 5.84% 353,951,052 GH/s Mar 22 2015 46,717,549,645 -1.50% 334,417,246 GH/s Mar 08 2015 47,427,554,951 1.59% 339,499,662 GH/s Feb 22 2015 46,684,376,317 5.01% 334,179,783 GH/s Feb 09 2015 44,455,415,962 7.71% 318,224,263 GH/s Jan 27 2015 41,272,873,895 -6.14% 295,442,739 GH/s Jan 12 2015 43,971,662,056 8.20% 314,761,417 GH/s Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s Aug 08 2014 19,729,645,941 5.30% 141,230,307 GH/s Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s Yes, there is plenty of talk of the 3rd generation chips (rigs) coming out by the Summer of this year (2015). The power efficiency and hash rate of these 3rd generation rigs remains to be seen. Will 3rd generation rigs encourage miners who stopped mining to start back up again because of their power costs being above 15 cents per kWH? More than likely. Especially, if the price of bitcoin remains at the $235.00 to $335.00 level. If bitcoin price is higher than $335.00 by the end of November, 2015, we could definitely see more miners wanting to come back into the fray. The only issue is will they be able to buy these 3rd generation rigs from those who will manufacture them? The demand for power efficient 3rd generation rigs could be quite high. The 3rd and 4th quarter of 2015 will be a very interesting time of year indeed for the miners. |
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DAMN... That was a hell of a jump. From approximately 56 PH/s to 66 PH/s. That was definitely a hell of a jump! I thought so as well. I have no idea what caused it or what was going on. But I took a screenshot so people would believe me it happened. I could throw out all kinds of speculation, but at the end of the day that's all it would be is speculation. It has got to be S4+ rigs that were tested for a short time span in my opinion. S4+ available for shipping within a week. 2,570 GH/s (2.57 TH/s) @ 1,480 watts. Stated .58 watts per GH/s. PSU's are not the same. They were designed by Bitmaintech. 946 USD ( 4.218 BTC ) https://www.bitmaintech.com/productDetail.htm?pid=00020150420021310934XOpI8PEw0689what's the point of this miner? i mean s5 is 0.51 per giga and you can find it for 1/3 of the price(used) of this new miner I suppose it's for those who are looking for a form factor suitable for a server room. It depends on your situation I suppose. I still have fourteen (14) 3,000 watt server grade PSU's with breakout boards sitting around waiting to be used on rigs without PSU. I have to upgrade power first though. I'm actually seriously thinking about keeping the money I would spend to upgrade my power at the house to fund my transportation to another location with cheaper power and upgrade the power there if needed. I will have another $20,000 to invest in rigs the middle of June. I think I will hold onto it and wait for approximately $10K or $20K more before my move to another location. I need at least 140 TH/s to start in another location I have in mind. It's just a matter of time. Back to subject... It really depends on your situation. Those who are just starting up a mining operation may want them. I'm in wait and see mode at the moment while waiting on a bit more funds to start right. I only have 45 Th/s at the moment. |
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This difficulty was reduced April 19, 2015 to 47,610,564,513. On Apr 17, 2014 the difficulty was 6,978,842,650. That means your hash rate, from April 17, 2014 to April 19, 2015 needed to increase 6.8 times to mine the same amount of coin. I plan on getting out WAAAAAAAAY ahead of the difficulty before the blocks halve and also have electricity rates of 3.4 cents per kWH to make the block halving much easier to bare if the price of bitcoin is the same as what it is today ($ 238.00). Bitcoin difficulty on Apr. 17 2014 was 6,978,842,650 [BTC-e $485.58]. On Apr 19, 2015 it was 47,610,564,513 [BTC-e $220.43]. That means the difficulty rose 6.8 times more than what it was a year prior. [Your hash rate would have to be 6.8 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Apr. 05 2014 was 6,119,726,089 [BTC-e $467.78]. On Apr 05 2015 it was 49,446,390,688 [BTC-e $257.01]. That means the difficulty rose 8.07 times more than what it was a year prior. [Your hash rate would have to be 8.07 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Mar 24 2014 was 5,006,860,589 [BTC-e $588.71]. On Mar 22 2015 it was 46,717,549,645 [BTC-e $266.36]. That means the difficulty rose 9.3 times more than what it was a year prior. [Your hash rate would have to be 9.3 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Feb 17 2014 was 3,129,573,175 [BTC-e $612.00]. On Feb 22 2015 it was 46,684,376,317 [BTC-e $230.23]. That means the difficulty rose 14.9 times more than what it was a year prior. [Your hash rate would have to be 14.9 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jan 24 2014 was 2,193,847,870 [BTC-e $774.98]. On Jan 27 2015 it was 41,272,873,895 [BTC-e $252.58]. That means the difficulty rose 18 times more than what it was a year prior. [Your hash rate would have to be 18 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jan 02 2014 was 1,418,481,395 [BTC-e $782.00]. On Dec 30 2014 it was 40,640,955,017 [BTC-e $308.86]. That means the difficulty rose 29 times more than what it was a year prior. [Your hash rate would have to be 29 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Nov 29 2013 was 707,408,283 [BTC-e $1,019.60]. On Dec 02 2014 it was 40,007,470,271 [BTC-e $377.50]. That means the difficulty rose 56.5 times more than what it was a year prior. [Your hash rate would have to be 56.5 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Oct 26 2013 was 390,928,788 [BTC-e $171.37]. On Oct 23 2014 it was 35,985,640,265 [BTC-e $354.17]. That means the difficulty rose 92 times more than what it was a year prior. [Your hash rate would have to be 92 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Sep 25 2013 was 148,819,200 [BTC-e $122.55]. On Sep 25 2014 it was 34,661,425,924 [BTC-e $401.91]. That means the difficulty rose 232.9 times more than what it was a year prior. [Your hash rate would have to be 232.9 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Aug 24 2013 was 65,750,060 [BTC-e $106.34]. On Aug 31 2014 it was 27,428,630,902 [BTC-e $475.90]. That means the difficulty rose 417.1 times more than what it was a year prior. [Your hash rate would have to be 417.1 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jul 22 2013 was 31,256,961 [BTC-e $84.50]. On Jul 25 2014 it was 18,736,441,558 [BTC-e $594.47]. That means the difficulty rose 599.4 times more than what it was a year prior. [Your hash rate would have to be 599.4 times more than what it was this time last year to mine the same amount of coin.] Bitcoin difficulty on Jun 29 2013 was 21,335,329 [BitStamp $88.83]. On Jun 29 2014 it was 16,818,461,371 [BitStamp $599.86]. That means the difficulty rose 788.3 times more than what it was a year prior. [Your hash rate would have to be 788.3 times more than what it was this time last year to mine the same amount of coin.] The numbers above reveal at one time we had as much as a 788.3 times increase in difficulty over a year's time. That number has reduced to 6.8 times more than what we had the year prior. The amount it increases year over year is being reduced every difficulty change quite significantly. I think now is the best time to get into mining than this time last year. I just started myself on September 22nd last year. By September this year, the difficulty might be around 64,000,000,000. That would be less than 2 times what it was September of 2014. Like I've told others, I think I got in at the right time. I started out with 7 TH/s September 22, 2014. I ought to have 210 TH/s by September this year. That would be 30 times what I started out with September a year ago. However, the difficulty will have only come a little shy of two times year over year. I'm hoping to have 20 times that number in September of 2016 at 4,200 TH/s. And again, the difficulty might be 2 or 3 times what it was the year over year for September 2016 but I will have done a 20 times increase. I'll stop for a while somewhere in between 5,000 and 10,000 TH/s to recoup all of my investment and then some. Then start again... If you look at the numbers below [curtesy of https://bitcoinwisdom.com/bitcoin/difficulty] you can see what I see. For example: On May 24, 2014 the difficulty was 10,455,720,138. Do you honestly think it will be close to 10 times that at 100.4 Billion this coming May 24th of 2015? I seriously doubt it. On Jun 29, 2014 the difficulty was 16,818,461,371. Do you honestly think it will be close to 10 times that at 160.8 Billion on June 29, 2015? I seriously doubt it. On Aug 31, 2014 the difficulty was 27,428,630,902. Does one really believe it will be close to 10 times this at 270.4 Billion on August 31, 2015? I seriously doubt it. Apr 19 2015 47,610,564,513 -3.71% 340,809,696 GH/s Apr 05 2015 49,446,390,688 5.84% 353,951,052 GH/s Mar 22 2015 46,717,549,645 -1.50% 334,417,246 GH/s Mar 08 2015 47,427,554,951 1.59% 339,499,662 GH/s Feb 22 2015 46,684,376,317 5.01% 334,179,783 GH/s Feb 09 2015 44,455,415,962 7.71% 318,224,263 GH/s Jan 27 2015 41,272,873,895 -6.14% 295,442,739 GH/s Jan 12 2015 43,971,662,056 8.20% 314,761,417 GH/s Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s Aug 08 2014 19,729,645,941 5.30% 141,230,307 GH/s Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s Yes, there is plenty of talk of the 3rd generation chips (rigs) coming out by the Summer of this year (2015). The power efficiency and hash rate of these 3rd generation rigs remains to be seen. Will 3rd generation rigs encourage miners who stopped mining to start back up again because of their power costs being above 15 cents per kWH? More than likely. Especially, if the price of bitcoin remains at the $235.00 to $335.00 level. If bitcoin price is higher than $335.00 by the end of November, 2015, we could definitely see more miners wanting to come back into the fray. The only issue is will they be able to buy these 3rd generation rigs from those who will manufacture them? The demand for power efficient 3rd generation rigs could be quite high. The 3rd and 4th quarter of 2015 will be a very interesting time of year indeed for the miners. |
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DAMN... That was a hell of a jump. From approximately 56 PH/s to 66 PH/s. That was definitely a hell of a jump! I thought so as well. I have no idea what caused it or what was going on. But I took a screenshot so people would believe me it happened. I could throw out all kinds of speculation, but at the end of the day that's all it would be is speculation. It has got to be S4+ rigs that were tested for a short time span in my opinion. S4+ available for shipping within a week. 2,570 GH/s (2.57 TH/s) @ 1,480 watts. Stated .58 watts per GH/s. PSU's are not the same. They were designed by Bitmaintech. 946 USD ( 4.218 BTC ) https://www.bitmaintech.com/productDetail.htm?pid=00020150420021310934XOpI8PEw0689 |
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Hash keeps jumping, making our shares worth less  However, we should solve blocks more often. |
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DAMN... That was a hell of a jump. From approximately 56 PH/s to 66 PH/s. That was definitely a hell of a jump! |
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I know you are not complaining about the noise at all. I'm just chiming in that I wish others would not complain about the noise. This is part of the life of a bit coin miner. If one does not like the noise, they need to drop out of this business. |
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soon, will show you the speculated new hardware preview... Please wait for a bit longer for the official announcement.
really ? you guys are going to put out the s-6? I would have bet 5 btc you would not release it until July or August. I don't know. The smart thing to do in my opinion would be as soon as possible if it is more power efficient than the S5. The sooner the better. Waiting longer only shortens the sell life span of the S6 similar to the S4. If the S6 has a built in PSU like the S4, with similar efficiency to the S5, it would behove them to release the S6 ASAP. If the S6 has "much" better efficiency than the S5 [Like .40 watts or lower], it would be best for them to wait for more S5's to be sold before releasing the S6. |
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Hi everyone,
This may already be in this forum somewhere. I was hoping someone might can save me some time to let me know if they have similar issues:
Anytime my power goes out [due to a storm] and comes back on, all of my S3's and SP20's come back on and continue mining. However, my five (5) S4's do not come back on. I have to physically turn them back on myself with the power button. Does anyone else have this same issue? Is there a way I can make them come back on when the power comes back on?
Thank you,
David
Yes, that's normal. The S4's power switch isn't a regular toggle switch like ATX PSUs. You'd need to rig something to keep the button depressed all the time. I know of a way, but I won't post it because it might not be safe considering the sometimes spectacular fashion these PSUs die. I don't want to be responsible for a fire. How much of an issue is it really anyways? Does your power go out every week or something? Yes, my power goes out when it storms practically every time. It has stormed a lot here lately. |
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Hi everyone,
This may already be in this forum somewhere. I was hoping someone might can save me some time to let me know if they have similar issues:
Anytime my power goes out [due to a storm] and comes back on, all of my S3's and SP20's come back on and continue mining. However, my five (5) S4's do not come back on. I have to physically turn them back on myself with the power button. Does anyone else have this same issue? Is there a way I can make them come back on when the power comes back on?
Thank you,
David
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Big plans, that's cool. That's actually what I am planning right now, starting with a dedicated 200A next week and another 200A in a few months. Then I'll see. Electrician is coming next week but first I have to install some infrastructure (utility pole for the new electric line, underground wires, etc.) It is an exciting project, and with summer coming, wife, kids and friends starting to complain about the heat, I have no choice but moving my miners out of the 4 houses I'm using right now for all of them.  200Amps of miners will be crazy hot , i have only 60Amps and the heat is insane , my 2nd floor gets to 89 degress when its only 50-70outside The two 200A panels won't be here in my home, the noise and heat would be intolerable. I found a place that I rent on a farm, some kind of huge garage with no isolation and great ventilation, where I will install my little mining farm. A farm within a farm, isn't it poetic?  Sounds great!!! What are your electricity costs per kWH? Around 0.07$ per kWh, which is ok but I wish it was 0.04$ per kWh like in Washington. But up here in Quebec, temperatures don't get as high as down there. Hydroelectricity is cheap and temperature is cool, ideal for mining.  And women are hot. There are places in Washington where power is less than 2 cents a kw/h. I'm working on renting out part of an old fruit packing plant right now just to host my own farm, even with rent it'll be WAY cheaper than running them in portland where its 13 cents a kw/h Yes, 3 counties are like that. However, one of those counties has a moratorium on anyone requesting more than 1 megawatt at one location. That would be Chelan County Washington PUD. I'm looking at another county. |
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Big plans, that's cool. That's actually what I am planning right now, starting with a dedicated 200A next week and another 200A in a few months. Then I'll see. Electrician is coming next week but first I have to install some infrastructure (utility pole for the new electric line, underground wires, etc.) It is an exciting project, and with summer coming, wife, kids and friends starting to complain about the heat, I have no choice but moving my miners out of the 4 houses I'm using right now for all of them. 200Amps of miners will be crazy hot , i have only 60Amps and the heat is insane , my 2nd floor gets to 89 degress when its only 50-70outside The two 200A panels won't be here in my home, the noise and heat would be intolerable. I found a place that I rent on a farm, some kind of huge garage with no isolation and great ventilation, where I will install my little mining farm. A farm within a farm, isn't it poetic? Sounds great!!! What are your electricity costs per kWH? Around 0.07$ per kWh, which is ok but I wish it was 0.04$ per kWh like in Washington. But up here in Quebec, temperatures don't get as high as down there. Hydroelectricity is cheap and temperature is cool, ideal for mining. And women are hot. 7 cents per kWH still isn't bad at all. Much better than my present 10.5 cents per kWH in Alabama. It will jump up to 12.1 cents per kWH from June through September here in Alabama. I'm totally ready to move to Washington State. I'm waiting for a couple of things to fall in line personally before the move. They could fall in line in the 3rd quarter or may not occur until the 4th quarter. The sooner the better in my opinion of course. Yes, the temperature is nice in Quebec. Hydro is a bit cheaper though in the 3 counties I'm eye balling in Washington State. It's among the cheapest in the world. I'm sure the women are hot in Quebec. However, I'm marred with a 4 year old son. I don't want to muck it up. |
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I'm surprised you haven't had a visit from the local PD or FBI, electric like that trips them off to grow lights!!
I don't think that happens as much these days because local PD and FBI especially are in cahoots with the NSA and have access to purchases made and websites visited. They would know if grow lights, etc, were purchased on the web or else where through credit card bills and electronic bank records. The 4th amendment is gone. We no longer have privacy. they just do a few fly bys with infrared and you show as white on there gear. They then will see you do it 24/7/365 and they know you are not growing plants . Now put your gear on a 13 hour on - 11 hour off timer and you will attract some extra attention. Yes, you have a good point there. |
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Man you guys are my heros!! With 1 S4 running, the only one showing me love is ComEd when the electric bill shows up!!
During my winter I was running 11k watts. My electricity company loved me so much that they had to split bill into two. They were not setup to take such high bills for individuals so they split my bill in 2 that their system would take and I paid two bills all winter. Yeah my bills are nuts too bascially 800usd a month. There has to be a way to get a better rate. Move to Washington State or Colorado. There are counties in both states with rates less than 5.5 cents per kWH. Only move if you plan on getting large though. If I younger and single I would have moved to Washington State to mine, but at 58 and married for 30+ years that is just not going to happen. I would love to have 100 sp20's running in a Washington State backyard with a Barn paying 4 or 5 cents a kwatt. Those sets of 15 sp20's were as low as 5k so for about 40k I could of had a 120th farm running Since Jan 1st. power would be under 2200 a month I'm 48 [Will be 49 this summer], married and have a 4 year old. We are thinking big and we are willing to move away from family and old friends to take a gamble at preparing better for retirement. It's everyone's prerogative though. You know your situation and what sacrifices you are willing or not willing to take. I support you no matter what. The more people mining, the better for bitcoin. Yes, I jumped on one of the last 15 pack of SP20's they had. They said they were sold out a couple of hours after I made my purchase. |
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Bitmain, when can we expect a new firmware update to re-enable voltage control? The last update killed voltage control. I'd use the previous Oct 16th if I needed it right away, but the latest firmware is much more stable. With summer coming I'll be wanting to underclock and undervolt, along with many others I'm sure.
Please make sure that all 4 hash boards respond to voltage settings, previous firmware only controlled 3 of them while the forth was stuck at 0750.
Bitmain wants to be fail and not profitable our S4's. DONT USE LATEST FIRMWARE ! i am planing to share this solution step by step guide in here when this donation adress reach 4 BTC. Can u explain what u mean about a fix & what it does?? dont be lazy read few pages back. it allows to down the voltage to make the miners more power efficient. The newest jan firmware from bitmain does not allow this, they locked the voltage 0725 so you cant do shit That's why I don't do firmware upgrades for the S4 from bitmain. I was concerned about that. It's a shame but my fears came true. I did all the firmware updates for my S3's to adjust voltage and frequency; even on the old S3 that are not S3+. I was always leery about firmware updates for the S4 when the S5 came out. I still have the original firmware they came with (File System Version: Thu Oct 16 15:58:23 CST 2014). |
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wouw this is amazing  i have got 10 Th (5 S4's) and i cant put more miners in my company, because our buildings electricity board cant handle more good work Thank you Cyper_BLC. Mine can't handle anymore either until I get my power upgraded. I found my limit when I added six (6) S5's to what you see in the picture. The main breaker tripped after I turned on the 5th S5 with the AC going, 2 eyes on the stove top going, the oven going and the dryer going. So, I'm not running the stove top and oven at the same time as the dryer or at the same time as the dish washer at the moment. I turned off some S3's to have all S5's going. I'm looking forward to upgrading the power. I'm doubling the amps. That means my income tax return will be gone once I get back - lol. It's kind of expensive to upgrade power. I'm not sure if I'm bumping up to 400 amps or 500 amps. I suppose it depends on what my present "feeder" (service) cable can handle. If it can handle 600 amps, I'll go ahead and upgrade to 600 amps. It may be good for only 400 or 500 though. It should be done by the end of May or first part of June. There's a chance I might wait on spending that money upgrading power here to spend it on power at my next location. I haven't decided yet. Still doing the math. Big plans, that's cool. That's actually what I am planning right now, starting with a dedicated 200A next week and another 200A in a few months. Then I'll see. Electrician is coming next week but first I have to install some infrastructure (utility pole for the new electric line, underground wires, etc.) It is an exciting project, and with summer coming, wife, kids and friends starting to complain about the heat, I have no choice but moving my miners out of the 4 houses I'm using right now for all of them. 200Amps of miners will be crazy hot , i have only 60Amps and the heat is insane , my 2nd floor gets to 89 degress when its only 50-70outside The two 200A panels won't be here in my home, the noise and heat would be intolerable. I found a place that I rent on a farm, some kind of huge garage with no isolation and great ventilation, where I will install my little mining farm. A farm within a farm, isn't it poetic? Sounds great!!! What are your electricity costs per kWH? |
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I'm surprised you haven't had a visit from the local PD or FBI, electric like that trips them off to grow lights!!
I don't think that happens as much these days because local PD and FBI especially are in cahoots with the NSA and have access to purchases made and websites visited. They would know if grow lights, etc, were purchased on the web or else where through credit card bills and electronic bank records. The 4th amendment is gone. We no longer have privacy. |
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