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Having scares me less after doing some math. It scares me a little more about current difficulty changes though. Do you know amount mined essentially already haved since Jan 13?
Feb 19 2016 163,491,654,909 13.44% 1,170,318,852 GH/s
Feb 07 2016 144,116,447,847 20.06% 1,031,625,717 GH/s
Jan 26 2016 120,033,340,651 5.89% 859,232,121 GH/s
Jan 13 2016 113,354,299,801 9.12% 811,421,684 GH/s
total 48.51%
I had not did the math till today. But that is a scary amount in 4 difficulty periods 48.51 percent change. That is a LOT of change in not a ton of time. So maybe having is not as big of deal with us going through changes like this. Hard to say having is still pretty far away in mining terms.
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Hello!
I have access to a big server, which consists of six servers each with 2 processors
the idea is to create a virtual machine on Linux and connect all processing units (CPUs), set it on 50% power, and get a total of 108 gigahertz (GHz), not gigahash
Does anyone have experience with this type of mining, and what mining program do You recommend?
Else:
I want to buy a few Antminer S5 or S7, but I am looking for a middleman or reseller in the EU, because I want to avoid additional costs for imports, customs duties.
Thank you in advance on important answers.
Regards.
The server's.... your years to late. You might be able to run them but CPU mining is pretty hard area to make profit. And a lot would depend how many cores each processor has. All processors are not equal. But EU is a pretty harsh place to start mining. You cannot avoid the VAT and such without lying... which I see as bad. Your resellers will be high in EU always are. I suggest if you do mine find a good hosting center for them in a place not in the EU. You will end up much better in the long run this way. |
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BTC $434 and climbing. If you have low cost electricity, you will make money.
With the solar array nearing completion getting one or two of the batch 10's is tempting. If they had ever made up for my batch one buying one or two s-7's would be easy. They never post here anymore and they do not give a darn about us. So I will never see the 150 usd they owe me on batch 1. On principle's sake I won't buy a few cheap s-7's from them. Even if coins go to 500 before they adjust price up. I agree, you should only support vendors that do you right. There will be more options coming soon (April/May), so you will have more choices. But with BTC going up, there's finally hope for the home miners and others who have invested heavily into the S7s or Avalon 6. Your Solar farm is definitely another amazing angle I would like to see. I've subscribed to that thread. Really wish TX would offer better incentive for Solar as I also invest heavily into CSIQ solar stocks but we're OIL country here. Let's hope BTC go pass $500 and remains above that so we can continue mining for longer period of time. The real winners though will be the ones that bought in around 380. If it does go up to around 500 (which I think is a way's off). But if it did they made 180 dollars profit per coin. So I think there is something to be said for buying some coins at times. I will say selling my old generation gear when I did and buying coins with it.. looks like it will pay off. I will eventually buy miners again with it but as of right now I'm enjoying having coin in hand. Batch 11 is looking pretty cheap considering past prices at 720. But you also have to keep in mind we almost haved since Jan 13 on difficulty if you add it up it's pretty shocking: Feb 19 2016 163,491,654,909 13.44% 1,170,318,852 GH/s Feb 07 2016 144,116,447,847 20.06% 1,031,625,717 GH/s Jan 26 2016 120,033,340,651 5.89% 859,232,121 GH/s Jan 13 2016 113,354,299,801 9.12% 811,421,684 GH/s total 48.51% |
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This is a good link for people in the US trying to find out about incentives that might be available in their area: http://www.dsireusa.org/If you ever have time buysolar I still would love to hear the cost of the project for expert like you in this area. And also what you estimate to be timeline till it is paid off. Those are two big things I would still love to know. |
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Guys I'm super excited about this personally and want to help as much as I can!
I'll discuss internally if and how BitFury could contribute to this project. Our reference design PCB for 16nm is almost done and could be used as a starting point should BitFury's chip be selected.
Again nice words, but zero acting. What would be the minimum amount of $ required in order to sell chips to the forum hardware manufacturers? Bitfury wants $1m upfront for a batch of their chips if that's what you are asking Well that is already known information. But judging from what punin said I thought that he might lower that huge amount of money for the forum buyers/integrators. That would be really helpful instead of free empty words. Yeah. And at the same time, it would give Bitfury some good publicity. So everybody wins. I think it would be a win for sure. I think this project needs Bitfury to be a homerun. If it get's Bitfury and beats out others on shipping date and efficiency.... this would be one really nice miner. Also gives us little guys chance at miners which is ultimately what we all want. It would be great to see it. I think Bitfury will win the big data center's over on gear unless Bitmain pulls something amazing out of their hat on a chip. SP50.... already beat before even out. It will be interesting to see where this ranks on their to-do list. |
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I read on Twitter this morning that some relatively big Chinese mining farms have been caught stealing electricity and had to stop their operations. That could explain the drop.
Can you provide link? I would be interesting to see it. Would take more then twitter for me to believe it though. Good news is price has shot up were around 438... approaching 440. Considering we were around 418 around 24 hours ago that is a decent jump... so I'm starting to get happier on BTC price. |
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When do you think the S8's will be released? What are the next gen miners? SP50s and S8's?
there is no info at all about this, nor that it will be called s8, nothing is telling us that they will continue with the next number, in fact the s6 does not exist based on some other thread it seems that there is the possibility of an increased efficiency of 75%+, 750 watt instead of 1200 for something that is as fast as one s7 The even number have all been big miners with PSU's attached. I agree I have heard 0 about next gen bitmain they are pretty good at keeping secrets. But I don't expect a S8. I think day's of even ones are over. I am still wondering if we will see a S7+. Most likely will be a S9 I'm guessing. And I think they keep 3 hashing board design as I think they made good money off of PSU sales.... was really smart of them on that as far as business decision. I think their PSU is quite good value as well. That is the reason why it is being sold quite a lot of units. It was a good sales tactic no doubt about it. The PSU is rated pretty well as far as efficiency.. so hard to complain on that. I would like to see how many they have sold. I think it was likely a huge sales boost as a lot that order a S7 order one PSU. So means even more profit for them. There are some other good server PSU's out there to but bitmain provides convince of all in one place. |
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Depends on your electricity price. S7 is necessary for some operating conditions where electricity is higher. In others S5's are great still.
So it's pretty individualized. I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices. As that is where it is harder and harder to mine.
With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit. Having is still a LONG time away in mining terms though. And we talk about having as some big thing... but if you look at data since January 13th ... we have almost haved just look at data: Feb 19 2016 163,491,654,909 13.44% 1,170,318,852 GH/s Feb 07 2016 144,116,447,847 20.06% 1,031,625,717 GH/s Jan 26 2016 120,033,340,651 5.89% 859,232,121 GH/s Jan 13 2016 113,354,299,801 9.12% 811,421,684 GH/s total 48.51% So we make it sound like this big horrible thing but we did it in a month and a half in difficulty changes. |
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they did this with the s5s.. then at the end of the batches they sold off their own "used" inventory..
because the s7s that they dont sell, i am fairly certain they are using them.. why would they just sit there idle if they turn a profit.
If I were them, I would not let them sit idle in a warehouse. I would use them and sell them as used if mined with for longer than one week. Their wallet address has no significant increase in activity lately. I really believe they are mining with most all of the batch 9 and batch 10 rigs. It is possible batch 11 rigs could be in the middle of the manufacturing process. Especially, if they have more 1385 chips available. Batch 11 may be the last batch of new S7's. It's possible they may sell used rigs after batch 11. And the biggest thing is they are able to profit off of doing this. I really would love to know internal price I don't think it's near what external sale price is. So I could see them pumping up internal operations and getting every last drop of ROI they can off this gen gear. Then look into next gen after. As a business it would be crazy to go to next gen when current gen chances are is mining huge profits. So I still think we have a few batches to go of S7's. |
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I'm also trying to start another round with now old rig. Ati 6950..and sapphire 7950.
now i need to buy some better gpus and i'm not sure will this be profitable at all?
Maybe better money can be made if i sell everything and just buy btc-s now and sell after few months..
I would avoid GPU rigs at this point. Look at the cost of cards then do some ROI on how long to pay off card.... I think that will stop you from buying it. Even if free electricity paying off the GPU is unlikely I think at least. Asics just have taken over, and coins left for GPU are not consistent enough to count on long term profits. In my opinion at least. |
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Guys I'm super excited about this personally and want to help as much as I can!
I'll discuss internally if and how BitFury could contribute to this project. Our reference design PCB for 16nm is almost done and could be used as a starting point should BitFury's chip be selected.
I/we are hoping to get Bitfury chips for the project. I have been working on sourcing them and any help you can provide would be invaluable. I have sent you a PM to further discuss it. That is great news if this happens. I really do hope you guy's get Bitfury chips for project. That is kinda a game changer getting them. We would have the best of the best this way with project. |
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There is really no such thing as a quick profit, pretty much getting lucky. So it would be a long haul thing. No way id make money money back, let alone a profit in the first month.
How you were part of GPU mining, the day's of 90 day ROI are gone. It's now a much longer term game to play. What is your electricity price? This is one of the biggest factors anymore. It literary makes or breaks your profit margins. |
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A lot use blockchain as a hot wallet it is very popular (I'm guessing most popular). You can do things to secure it more I suggest looking at my hand's on with Yubikey and blockchain. https://bitcointalk.org/index.php?topic=1353231.0And no matter what make sure you treat it as a hot wallet. As it is that so it should effect how you use it. it's very nice hardware, iam interesting to buy 1 maybe next week i will buy yubikey, after i get payment from bitmixer signature campaign I think you will love it especially if you use a good password manager that uses it to. They are great tools to add 2nd factor. There is a lot of models to choose from. I was surprised I thought I would like full size best. But I can leave the nano in my laptop and it barley sticks out. And it's there when I need to use it so its very nice and cannot be triggered remotely. |
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Its a good idea. Even few countries have their own security wallet technology for securing their important documents as well all personal asset documents.
Physical token are getting more and more common. Just great tools to add 2nd factor. I wish all site's used 2nd factor it is truly a great jump in security. With 2fa you could have my password and does zero good without my Yubkey. So add that security to a popular site like blockchain.info I think its great for the money. |
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I am using it in a mix with Lastpass as I really like it as a password manager. With lastpass you get a "vault" where you can store notes even. So I have lastpass with storage of info and security of needing my master password, and my Yubikey. And my Yubikey you must touch to send a code cannot be done remotely. So it is pretty good for storage in my use. |
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I have seen tons of illegal stuff being sold here....and when i pointed it out i actually got Questioned by a Mod as to how i knew it was illegal in their country when the OP stated it in their Product Description as "Smuggling" ....
What item did you see smuggling on? I watch them a decent amount don't know i have seen smugglers, but I guess I also was not looking for a smuggler either. But the forum really cant be responsible for post's. Yes they can remove them and there is a reporting system to help with this. You see illegal... report it. They already took a pretty big stance of removing so many digital goods. But you can see if you remove one... a lot still pop back up. Kinda hard to prevent this. |
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Electricity price is currently about 0,15USD in Turkey which is not too bad i guess. Althoug i think you get up to %9 discount if you make an agreement with the company with promise of using more then a certian amount.
Wow, that's a nice deal to get a discount. Here is the US, at least in my state, it is the exact opposite: the more electricity you use each month the higher the per KW-h price is. Mine maxes out over $0.33/KW-h at tier 5, and it's easy to get to tier 5 usage in a normal family home without any mining equipment... However When you goes to mining business it would consume more electricity for sure. If you do as very small, We will not able make profit for sure. If I am reading right .15 cents/KW-h is not that good at all. I would be scared investing at that number currently. You can find hosting centers easlily around 10 cent's so you save 1/3 of power costs. I would use a hosting center or wait till next gen personally if I'm reading right on electricity price. Just look at difficulty changes and add higher price electricity.... hard to make good money. |
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The words that stick with me from my programming classes are plug and chug. Basically they are so simple these day's you enter your info.... and they do all the work.
Biggest mistake I think is with power. Make sure you either have a PSU big enough with enough PCI to do it on 120. Or best is 220/240 with a server psu in my eyes. But all depends on your situation. Phil is right about it being loud to. For some this is a big issue others no issue at all.
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Hi guys,
My apologies for the late reply. Some IRL familiy stuff happened.
I see now that I forgot to mention that I was running cgminer and bfgminer on Windows 10.
The unit did not come with a PSU. Perhaps the previous owner kept it. At first I attempted several PC PSU's that I had lying around (CoolerMaster, Corsair, Antec varying between 400W and 850W), but had no luck with those.
Ultimately, I lend the U3 to a friend for a couple of days and he had no trouble getting it to run on Debian. He returned the unit last weekend and I had some time today to tinker with it some more. I bought a Pi2 and a 120W PSU, just now installed Raspbian and I got running within 20 minutes using cgminer.
I'm happy that it runs, but I still have no clue where I went wrong with the Windows versions of cgminer and bfgminer. I did use Zadig to replace the driver, but perhaps it was still a driver issue?
Thanks again.
It's hard to say some they load zadig once... and no issues works great. Others it's one of the most painful driver installs they will have. I think you will be much happier with the RPI then you were on windows. It is also a low power controller which is great. I think long term you made a good decision. As you can always use the RPI for tons of projects one day after done mining with it. |
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pls no. pls. So in 2 months what will be the resell value of an s7 ?
I hope they get dirt cheap (sorry S7 owners). I bought my S1 for $20, I don't use it right now because of my exuberant electricity rate but I know they're not generally that cheap any more. My S3+ was also had for a steal comparatively. Personally I hope the S7 bottoms out as well so I can pick one up to add to my toy box. I think it's a way's from this, I'm speculating at least a few more batches each getting lower and lower. The big thing is when a company pushes next gen out. Pretty much as soon as they are easy for home/hobby to get the S7 drops in value... how much hard to say. But I do think those with cheap electricity have some S7's for good prices coming... eventually. To many variables to be exact. |
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