You could buy a used KNC Titan. They are over 300 MH/s
|
|
|
A thousand times this ^^
If there is any conceivable way to scale mining of a coin and revenues generated by mining outweigh the expenses, then 10/10 times mining power will be consolidated over time. You can pick any coin, any algorithm, any hardware specification, it doesn't matter...if it's profitable and it scales, it'll go in a datacenter. There hasn't been a feasible way around this, since really it's just economics.
I was literally typing up a response that is almost exactly the same as you just posted. No matter what happens, the participation incentive for all these coins is based on profit. When money is involved, companies will find a way no matter what changes are made to continue making a profit. I keep seeing people say that coins mined with ASICs need to go back to GPU mining. If that happens all the datacenters running ASIC equipment will switch over to GPUs as we have seen with the current flavor of the month ETH. This would also make it easier to bounce around between coins if everything was mined on the same hardware. I also see people saying that transitioning to PoS will help. Problem with that is that profits from PoS are based on the amount of currency you control. So then companies will just buy up the coins and profit that way without the additional hardware/operating costs of running large datacenters. There is just no way to keep things decentralized when money is involved. People just need to accept that and move on.
|
|
|
630 watts for 75mh 3 r9 390's
From what im reading the power draw of the cards themselves is 200-230w each. You then have to take into consideration the power draw from the PC itself as well as power supply loss due to efficiency. It might not be 1000w but im guessing a conservative total guess would be close to 850-900w at full tilt. Plus 3 r9 390s by themselves is $1000 not including any of the PC parts. Hes talking about building a new rig so say its more like $1300 for a system pulling 900w. If you didnt have parts laying around you have already missed the gravy train.
|
|
|
Gigabit you sound really mad. You should take a break and go outside for some fresh air.
|
|
|
BTC is done,it is a corporate entity already,the takeover is almost complete.
You really any successful coin will goes this way right? You cant have an ecosystem with that much value and expect it to be left alone by people wanting to make money.
|
|
|
+1 for the bracket, would do anything to be able to tidy up the mess of cables and PSU's currently plaguing my s7's
zip ties and more zip ties will clean it up!
|
|
|
Can you upload a screenshot of the antminers status screen both before and after this happens? It is hard to diagnose just based off the red light.
|
|
|
DAO is the new way to say Ponzi
^^^^^at least theres a few people with common sense around here
|
|
|
I don't get the "there has to be a coin that can be mined at home" argument. There is absolutely no part of a successful crypto that depends on some form of mining-democracy. There are tons of coins out there, but my bet is that Bitcoin is the only one with long lasting value.
I have found in my time here that the forum regulars absolutely cannot wrap their head around the fact that mining BTC at home is in the past and they are fighting a losing battle. They think "the hardware manufacturers MUST cater to the home market and if they dont they are terrible terrible companies". The truth of it is at this point every home miner in the world could shut their machines down and there wouldnt even be a hiccup in the network. They also seem to think every bitcoin data center is in China and they all run off this mythical cheap power you cannot get anywhere else in the world. Off the top of my head I can name 4-5 states in the US alone where you can get power under $0.04/kwh (No im not talking about residential rates because they dont matter.)
|
|
|
I have an S7-F1 that is acting strange. I can ping it with no packet loss and I can access the web interface but whenever I try and click on the miner status tab it just hangs. All other tabs function normally. I also am having ssh issues, I get an RSA key prompt, and I am able to input my login but it just stalls and never asks for the password. Odd thing is when I brought it in for diagnostics with no boards connected I am able to access the status page without issues. Has anyone seen anything like this? I am still troubleshooting but I figured I would throw this up in case anyone had seen this behavior before.
|
|
|
I used a dewalt heat gun to reflow hundreds of cointerra boards back to life, its worth a shot.
|
|
|
You keep pointing to its market cap like that is a real number. If anyone tries to sell a substantial amount of ETH the price would tank and everyone would be looking for the next get rich quick coin. I mean sure the price is artificially inflated right now because everyone is so afraid of the halving but do you really think it can sustain its growth at anywhere near the recent rates in the long term? Personally I have severe doubts.
|
|
|
If anyone tried to sell 1/1000 of that alt crap it would hit rock bottom and never recover. Well ... yeah ... anyway ...
I wish I could quote this 1000 more times. Nobody on this board seems to take this into account when it comes to ETH/altcoins in general. Companies are already backing away from Ethereum and more and more every day the coin is looked at as a solution looking for a problem. Tribalism is the main underpinning of the ETH community it seems, everyone is blinded by the current price of the coin and not looking at the big picture. I mean ethereum is so awesome that with a few exceptions you have to convert it to bitcoin if you ever want to convert it to fiat. It reminds me how every new MMO around the corner was gonna kill World of Warcraft. Ten years later all of the competition is free to play and WoW is still chugging along.
|
|
|
So because a couple mines are trying to make a quick buck on ETH its all of a sudden a direct competitor? Flawed logic is flawed.
|
|
|
2) USA/Canada Yeah, there are region with a price of 7cent per kwh and this is great. The temperatures are most fine, but for a small mining farm you will be in the need of cooling power. (cooling = costs on hardware, maintaince and power!)
You might want to recheck your prices. There are places in both the USA and Canada where power is as cheap as $0.02/kwh
|
|
|
Except ETH is not competing with bitcoin. You guys really gotta stop looking at things from the at home miner perspective when discussing hardware because that is not how the companies look at it.
|
|
|
You never want to store that much in an online wallet anywhere no matter how trusted the source is.
|
|
|
The amount of ethereum invested in the DAO far exceeds what has been mined if you discount the genesis block. Whoever actually controls the majority of ethereum can pump money into the DAO as well as manipulate the ETH price to make people think it is so much better than it actually is. Do the math then come back and tell me how great and popular it is...
Personally I smell pump and dump all over this thing.
|
|
|
If someone takes the time to do the math on all that information they freely share, they might see where the problem lies. Like an almost exactly 10% less payout that expected over the life of the pool...
|
|
|
|