Will you take over 1Th Units?
Of course. I will.(changed the subject) I would love anything over 1ths just figured with my budget it would be harder to find. If you have something over 1ths and wanna work out a deal hit me up for sure. I'll sell you an S2 in good working order for .5 BTC you pay shipping and escrow. Miner is not in my home, here is a screen shot of pool performance. http://imgur.com/XhWX9DwWhere is it and why is it not in your home? Is it due to noise level or something else? If you're mining at home, your best bet might be Antminer S3's(440-500ghs). If you have a cool area and can get a second fan, S5 can do too, but its not *as* quiet. It won't be if its put somewhere hot. A S5 print modded with 2 good aftermarket fans might be very nice though. Yep basement mining in the north east. So always cool here. My s3' currently run around 38 c most of the time highest has been 40 in the summer. I have three s3's was looking for something bigger. My server psu,'s are louder than my s3's I think. Still looking if any one has anything to offer. Okay, then you're set, but keep in mind it will not not matter how cool your basement is when you start piling these up. It will heat up your whole house like a sauna. Its winter outside and i have trouble getting enough air in and out the living room to keep all the miners cool and i only have an handful. TLDR: at some point you will probably be able to keep your whole house warm, and if you keep adding, you will have to introduce some air flow to dumb down the heat. Since you seem to want 1th+ to minimise micro management, S2(S3 would be better but its not 1th) at your budget would work but i would recommend you save up/switch to S4/S5 asap. |
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There should be a online bitcoin bank where people deposits there bitcoins like dollars in bank and the bank should exactly work like real life banks . but too much scams happens everyday so people will not trust the online bank lol
You are joking, right? Well why should i joke i personally likes bank so just thought that there should be an online bank .. To help peoples to keep there money safe and growing slowly Its called an online wallet, there are tons of them. I know we can keep safe our bitcoins in an online wallet but they don't grow .. Whatever I know online bitcoin bank is not going to happen. They do, its call deflation nature. FIAT (can) grow in bank because of its inflation nature, so the bank can "pay" interest but it does not even cover inflation generally, so you're actually losing money by holding FIAT in banks. BTC grow in storage because of its deflationary nature. |
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Thanks guys, starting my rig after Christmas! Btw, the S5 would go in my furnace room and no one sleeps in the basement so it shouldn't be a big deal. Appreciate the help guys.
I doubt 1 S5 will make a huge difference, they do run hot and loud. It's just their nature. But if you grow I'm not sure if furnace room is greatest of room's. Depends on how well it's insulated i guess. But normally with gear you keep it far away from sources of heat. But again since talking 1.. can get away with it most likely. Guess it depend how much air the furnace room move. If its stale, it would be very bad for miners. Just a handful of S4 is like having a couples of oven turned on 24/7 with their oven door opened. |
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There should be a online bitcoin bank where people deposits there bitcoins like dollars in bank and the bank should exactly work like real life banks . but too much scams happens everyday so people will not trust the online bank lol
You are joking, right? Well why should i joke i personally likes bank so just thought that there should be an online bank .. To help peoples to keep there money safe and growing slowly Its called an online wallet, there are tons of them. |
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I think its just a matter of time before Banks either integrate it or start fighting it. Its not that hard to do considering its the job of a payment processor on an exchange to convert the BTC to FIAT, why not get a cut of the pie themselves, even though its fairly small at the moment? |
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Will you take over 1Th Units?
Of course. I will.(changed the subject) I would love anything over 1ths just figured with my budget it would be harder to find. If you have something over 1ths and wanna work out a deal hit me up for sure. I'll sell you an S2 in good working order for .5 BTC you pay shipping and escrow. Miner is not in my home, here is a screen shot of pool performance. http://imgur.com/XhWX9DwWhere is it and why is it not in your home? Is it due to noise level or something else? If you're mining at home, your best bet might be Antminer S3's(440-500ghs). If you have a cool area and can get a second fan, S5 can do too, but its not *as* quiet. It won't be if its put somewhere hot. A S5 print modded with 2 good aftermarket fans might be very nice though. |
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It can be confusing at times - Good luck with making a purchase. I know someone in the UK who may be selling so I will point them here.
Now that i know it i'll be more careful ^^ Thx for pointing here, most people seems to be from USA where btc is much more common, but shipping something small accross the atlantic will probably not be a good idea! The Americans are just very vocal  If you are in the EU you can edit your post about which miners that you are looking for and you'll most likely get some replies unless you are looking for something a bit, less standard. Like [WTB][EU]S3/S4/S5 or whatever. It all depend on your electricity costs anyways. |
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Sure, i/we can help;
How much do you pay for your electricity?
Also where do you plan on putting the miners and how will you dump the heat?
I live in Ukraine. But I have an idea to come USA & start mining legally there. So, there are electricity prices in Ukraine: – <100 kW/h - 0,018 USD –100<usage<600 kW/h 0,032 USD – >600 kW/h 0,0592 USD I have a garrage (maybe rent more bigger placement). About you dump the heat, which ways are correct? Air conditioning? Ideally, if it's worth it, I plan to rent (buy) bigger place for work of mining station (50 000$ or 100 000$), hire staff (3-5 persons). I am intrested - what is profit in percentage per month, year. Wow. Okay huh. -No, no staff. -No, no AC, dump the heat outside. -In your Garage, will your neighbor complain if you generate noise about as loud as a train running in your backyard? -0.06USD/kWh is fine Look into S4/S5 Maybe S7. S5: 1155~1300ghs 580-640w Instant calculator; http://www.coinwarz.com/calculators/bitcoin-mining-calculatorProjection calculator (where you have to guess what the overall diff increase will be to get mid term estimate on ROI; https://bitcoinwisdom.com/bitcoin/calculatorGood to see I'm not the only one that thought it was crazy. I think it's sad when threads are like this. A person who likely could have had a successful personal bitcoin operation .... sees greed and want's to to 100 times bigger. I think a lot of these think they are the first one to think of going big like that.... they arent. I wonder if we will even see OP again I saw last login: Last Active: November 30, 2015, 08:46:37 PM Indeed. However mysteryo_X is not OP and it seem fine for him to Hijack the thread. So i'm okay with bouncing ideas, however crazy they might be. Just some questions were asked that should not be asked if you're planning to up scaling things. Start with a S3/S5, set it up, then figure upscalling. What the hell would employees do but stare at a couple dozens of miners with earplugs anyways |
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Sure, i/we can help;
How much do you pay for your electricity?
Also where do you plan on putting the miners and how will you dump the heat?
I live in Ukraine. But I have an idea to come USA & start mining legally there. So, there are electricity prices in Ukraine: – <100 kW/h - 0,018 USD –100<usage<600 kW/h 0,032 USD – >600 kW/h 0,0592 USD I have a garrage (maybe rent more bigger placement). About you dump the heat, which ways are correct? Air conditioning? Ideally, if it's worth it, I plan to rent (buy) bigger place for work of mining station (50 000$ or 100 000$), hire staff (3-5 persons). I am intrested - what is profit in percentage per month, year. Wow. Okay huh. -No, no staff. -No, no AC, dump the heat outside. -In your Garage, will your neighbor complain if you generate noise about as loud as a train running in your backyard? -0.06USD/kWh is fine Look into S4/S5 Maybe S7. S5: 1155~1300ghs 580-640w Instant calculator; http://www.coinwarz.com/calculators/bitcoin-mining-calculatorProjection calculator (where you have to guess what the overall diff increase will be to get mid term estimate on ROI; https://bitcoinwisdom.com/bitcoin/calculator |
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I don't think so, already many criminals and terrorists used the fiat and the cash before the crypto currencies founding, so the Bitcoin currency haven't really any kind of relation with the illegal deals or transactions worldwide
If bitcoin has 1% of the money transaction pertaining to criminal activities, the price per Bitcoin would go in the thousands. So yes, saying BTC is criminal's money is media nonsense. |
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I don't think they will reduce the price at all. If you bought this miner back in Sept when the diff was around 60 bill and price was $220, you are pretty much at the same ROI period now then before. Actually a slightly better ROI since price is > then diff.
Most calculated 7 months ROI, so in 4-5 months these machines should be completely paid off. It was a great investment that paid off. Pretty much any miner bought in 2015 was a great investment.
Yeah, at least, unless the price crash hard. I'm still irritated i could not get one of those S7 when the BTC crashed from 400 to 300 super fast. Bitmain had the lesser units 4ths~ locked at 4btc, so they dropped at 1200$USD equivalent. That would of been a nice grab. |
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Yea! I would like 8.4.  But I think I might have guessed too high now... We will see. This game is fun.  I,d love to lose and be wrong because i aimed too high, means the difficulty raise won't hit my BTC earning too much. In BTC/USD its pretty hard to foresee right now, the price is going all over. :S |
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Hello all,
I'm not really new to bitcoin but I'm not a technical expert.
I already had the project of setting up my own little farm, but from what i saw it's pretty hard to reach ROI in "normal" conditions.
But an opportunity arrised from a small building that i can use, close to a river. The building is near a waterfall and i thought about using it to create free power.
I'm an engineer and think i can handle the electricity production part. But i need advices on the farm part ^^
To be short:
-I've got a secured place with enough space for more or less anything
-I've got a free electricity but with a limited power output, i don't know exactly how much but i don't think i'll produce more than 10kW.
What's the best mining devices i should use? Do you have any advice on setting up a little personnal farm?
Thanks in advance,
Regards.
Depends on your budget, if its moderate and you know your biggest block is limited output, you'll want to get something fairly efficient, like S5's. If you just want to get the most hashrate for the 10kw, you'll want 8 S7 or so. A bunch of S4's could be easy to slap and turn on, too, but you'll have a bit less total hashrate than the S5. |
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Whats your thought on this?
For a lot of criminals Bitcoins are the perfect tool to launder money or not? Almost no trace but still they have to explain how they got the money once they convert it back into dollars....
Will this become (or already is) a problem? I'm thinking that the anonymity will be a problem for a lot of governments once BTC becomes a well know payment method.
It should not be a proplem if ppl actually understood how btc works. bitcoin is not anonymous: http://www.bitcoinisnotanonymous.com/Even bitcoin devs said that using bitcoin for illegali things is stupid: Bitcoins ARE traceable [Interview with Jeff Garzik] | 2011 https://www.youtube.com/watch?v=9p9M1IU2k50"its pretty blib and dumb to do a lot of illegal transactions on bitcoin when it's so easily traceable [4:33]" I agree with you. Every imput can be traced back all the way to it's generation in block reward. If we (average users) can trace back with somewhat success, just imagine what someone who's doing it professionaly could do. On top of that, regulations could ask for bitcoin addresses to be registered in order to be used legally (I find this the logical step if there's continued bashing on bitcoin) Its more about proving who owned what BTC at what time than tracing back anything. The BTC tracked change hand all the time, maybe hundreds of time. The problem is not telling that at X point there was a crime committed with those coins. Its that you can't prove that the person who cashed it out is the one that committed the crime. Unless he is retarded anyways. |
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how can fiat be safe long term?
because it is controlled, by the governmetn, and unless your whole government will collapse it will have always a reason to be useful and i'm not sure if hoping for your own government to collapse, will make bitcoin useful in your country, it's no like the citiezens are waiting for that to embrace bitcoin FIAT is "safe" but also a terrible store of value. Your debt shrink and so does your holding, because of inflation and its rather common for FIAT to crash regularly. So clearly not a safe store of value. |
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Hello. May I know how to start mining? What system to buy? I want to start from 10 000$ - for test drive. How to calculate profit per month, year? As I know the difficulty computing's of tasks - grows every two weeks.
Sure, i/we can help; How much do you pay for your electricity? Also where do you plan on putting the miners and how will you dump the heat? |
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So I installed armory not realising how long it would take to sort itself out  the sycing to bitcoin engine is taking forever, and I have set up some faucets to pay to this wallet, is there anyway I can export my wallet to an online one untill its all set up, just a bit worried im gunna loose my coins I have earned? Thanks! Craggy. You are not going to lose them, your coins will be there when its done syncing. I also doubt you're going to earn enough from faucets before the wallet will be done syncing. Hopefully you have 50-100gb of free space, though. |
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I'm having trouble installing the Control web zeusminer, properly follow the manual on the website but when I turn on my raspiberry pi does not work, someone help me?
Install minera on the raspi. http://getminera.com/You may need to add the Dmax Zeus fork if it does not come with. |
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what volume cryptsy has? how many coins could be lost?
Good question, i don't even see it on coinmarketcap; http://coinmarketcap.com/currencies/bitcoin/#marketsThough how much BTC is or was traded per 24hours is not really a good indication of how much BTC was/is stored there in user's accounts. |
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It SHOULD be expensive to have your transaction in the blockchain.
Offchain transactions should be used for majority of tx's. It just so happens that payment channels is a decentralized off-chain method.
Don't the offchain transaction require you to put trust in a thrid party again? That seems to me something that you really don't want to do if you are into bitcoin for the reason of decentralization.. Bitcoin was supposed to be cheap to send value around the world, and that is not compatible with increasing fees. No, the way they want to do it, it would be a blockchain, just like the Bitcoin block chain, it would be decentralized and there would simply be code added in later core version to allow tx to leave one chain to enter the other. I'm sure there could be 3rd party services trying to sell their sidechain too but i'm not sure how possible it will be for people to just integrate sidechains like that. |
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