Thank you, Sir!  Yes, it was a good run for him.

Like what you are doing, Sir.  Wish I could be in Austin.  Unfortunately, I have my grandfather's funeral to attend Saturday.  He lived 1.5 months shy of his 97th birthday.  He was a great man!

I like the idea and the architecture!  I like the idea of swappable modules for upgrading!  Keep up the good work and thank you for your contribution, Sir!

Kind regards,

David

No bad wiring job!  I used to be an electrician for 2.5 years.

What are you referring to that could possibly be unsafe?

I'm still thinking mid to late April.

The gold rush is out west again (Washington State).  

Do you want to survive the block halving in style, my friend?  Go west young man!  Go west!

Thanks again, Valkir!

I was just about to edit the previous post I made to show how I was hanging the IBM 2880 watt PSU's for these fellow miners.

The next two pictures show you how I hanged the IBM 2880W PSU's with tie wraps to keep them off of the SP20's.  





Eight more IBM 2880W PSU's with breakout boards waiting for service:

That's why I'm moving to Washington State the last quarter of this year.  3.4 cents per kWH [in total] after fees and demand charge.

I'm adding 6.6 more TH/s today.  I got 6 S5's coming via UPS today.  I'm adding approximately 7 to  9 TH/s every month until the last quarter.  Investing an additional $100,000.00 in total in rigs by the end of the first quarter after arriving in Washington State.

Yes, it would be a big jump.  I can still see them saying this could be used on 120 volt but with stipulations like I mentioned.  They would probably say if on 120 volt, it needs to be dedicated to this rig; having 12 AWG wiring feeding a 20 AMP outlet; not a 15 AMP outlet.

I thought miners would like to see the following good news developing every difficulty change:


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 9.3 times more than what we had the year prior.

If you look at the numbers below [curtesy of https://bitcoinwisdom.com/bitcoin/difficulty] you can see what I see.  For example:  On Apr 29, 2014 the difficulty was 8,000,872,136.  Do you honestly think it will be close to 10 times that at 80 Billion a month from now on April 29, 2015?  
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?
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?
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?

The difficulty is 46.7 Billion at present.  I expect a network difficulty no higher than 55 Billion by May 24th of 2015  May 24, 2014 the difficulty was 10,455,720,138.  That would be an increase of 4.45 times what we had a year prior.  I can see only a 1.5 times more than what we had a year prior by November of 2015 IF the price of bitcoin continues at price levels between $235.00 and $335.00.

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 year indeed for the miners.

Cheers miners!

It's actually quite possible the S6 has the same chip as the S5 and comes out in April at .49 watts per GH and powered by a 2,200 watt PSU but running at 1,960 watts at 4,000 GH/s.  This would make it within the wattage available for a 120 volt/20 amp circuit @ 2400 watts.  They may recommend it for a 240 volt circuit and insist the 120 volt circuit have 12 gauge wiring and a 20 amp outlet.  Most outlets wired to a 20 amp circuit in the home are rated at 15 amps (1,800 watts).  One would need to go to the local hardware store to purchase a 20 amp outlet while making sure the wiring for the outlet is in fact 12 AWG and not 14 AWG.

Then we see the new chips in the S7 in July.

I think this will more than likely be the case after further thought.

 

Sounds like they have a plan indeed.  Welcome to planet S1...

Quite the imagination you have there...

For those of you wondering how to get 240 volt circuits in your home and you do not have room in your main panel; here is a consideration [My Main Panel is not like this anymore.  It looks like the one below]:




My Main actually looks like this now:



To power this [Don't mind the black paint on the wall and don't mind the orange wire.  It's an additional 10/2 to provide another 30 amp circuit going in the moment some S5's arrive]:

A part of me also has me believing manufacturers will not go with the 16nm until the price comes down.  Availability of the 14nm doesn't look too good either.

Also, the 14nm would be quite a big jump in power efficiency and would make the selling of such rigs skyrocket.  As such a rig would last a long time concerning its race with difficulty.  That's my opinion anyway.  I don't know that a rig with efficiency as low as .17 watts per GH is good for bitcoin mining right now or not.  If it was made available, only the big boys could afford it.  As it would be quite expensive due to the present costs of the 14nm chips.

I do know this will be a very interesting year in bitcoin mining rigs.  That's for sure.

Hard to say, Amph.  Most expect ASIC manufacturers to skip the 22nm.  However, they just might go with it at the right price.  Only time will tell.  I'm kind of leaning towards the 22nm.  Hence the .37 watts per GH for the S7 and .35 watts per GH for the S6.

This is a quote from a thread titled:  "GekkoScience BM1384 Project Development Discussion"

The following statement was edited by the original author but quoted by another member before it was edited.


If the numbering of rigs is consistent with past numbers of rigs by Bitmaintech, the S6 (even number) will be a large form factor with built-in PSU like the S2 and S4 models.  The S7 (odd number) will be a similar form factor to the S3 and S5 without PSU.

I would expect the S7 to be approximately 2 TH/s @ .37 watts per GH for a total of 740 watts to make it available for power from a 750 watt [preferably 850 watt] PSU. 

I would expect the S6 to be approximately 4 TH/s @ .35 watts per GH for a total of 1,400 watts from a built in PSU that is able to provide 1,600 to 1,800 watts for potential over clocking.

As for the pricing of each rig; only time will tell.  The price seems to fluctuate with the price of Bitcoin as of late.

I personally would be hesitant to buy it in July or August.  I remember the release of the S4 in October 2014.  Only a couple of months later, the S5 was released with much better efficiency.  It depends on the efficiency of the S6 before I would consider buying.  There could very well be an S7 to come out only 2 months later like the S5 came out 2 months after the S4 release.

Anyone who purchases the S6 [with the same chips as the S5] is making a serious mistake.  As they will see a more power efficient S7 come out only a couple of months afterwards.  My opinion...

Agreed!

I'm pissed at my president and all he is doing to try to get rid of Benjamin Netanyahu.  Our world will be a much better place with my president in the US out of office.

PayPal [owned by eBay and is eBay's created means of making payments] does not accept BTC payments yet.  If eBay (PayPal) had accepted BTC payments, this would not have occurred.  

Pisses me off!

I think the issue may be that the price of BTC could change between the time of payment [While PayPal holds the payment] and the time the item is received by the buyer.  The way to settle that is for the seller to simply accept an agreement when accepting bitcoin that they will be okay with BTC payment if the price of BTC has changed between the time of sell and the buyer receiving the item.

Hmmmm.  I have to agree with you then!

Unless you are using an application to make your IP appear it is from a location in the US?

The reason it says, "USPS" is because eBay knows you are from the US and is telling you international shipping to the US via USPS is offered to you.  His actual location is Reims, France