With my U2 I mine 200 up 500 satoshi per day...
with computer you should mine mine 20 to 50 per day...
If he goes for a usb stick miner go with gekkoscience compac. It's about same or less then ebay U2's and you can order direct from Sidehack. And instead of 2 GH you will get 8 pretty easy. If you have good hub and y cable you are talking about 16 GH+. And be away usb sticks are more for fun/lotto mining. So ROI is unlikely. But if you go that route for sure get the compac. As far as regular computers mining GPU/CPU on btc those day's are dead. I have bought it expensive...just for the fun... I was not interested in a risky seconde hand. Now i get it...I keep it. if someone is interested to comine with me...i will sent him the satoshi back Not sure what you mean. The one I recommended was going with the Compac right now, best usb stick for the money. You can order direct from sidehack. If your talking about U2's there is a reason you cant get direct anymore... they are obsolete unless using for learning. Most lotto miners it makes more sense sell U2's and buy Compacs 2 GH vs possibly 16+ GH is just a huge difference in speed. |
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@notlist3d
True! This is my PSU.
Got it with the small button.
The only question was: does the system then shut down ? Or is it a cold "switch off" anyway ?
Not a problem at all. And yes it does hold the little button for a few seconds and entire machine will shut off on S4. Hold it a few seconds when it's off... and it does the opposite and turns the S4 back on  . |
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I said the container costs $8 million I wish they would finally come up with a reliable quote. All attempts to get any information from them were ignored until now... I think the problem is people email them that simply have no where near the capital to be buyers. If only serious buyers would ask for quotes it would be much different. But now I think they have to weed out the real customers with lot's of backing, from home/hobby miners. And once they do get a customer like this I have no doubt a NDA is signed to keep their secrets secret. Which makes sense from being a private company competing against others. I hope sometime they will move to smaller customers, but I think big customers take first place.... which makes sense financially. Our main hope is some company buy's bulk chips and releases a miner to us hobby miners I think. Although I would love if Bitfury did it direct to hobby miners on a miner. |
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But the best part about pulling parts and remounting is it's pretty easy when you have a reflow oven and a putty knife and a pick-and-place machine.
At this point, pods as they've been discussed in this thread are basically deceased. The chips I can use are either about to be two generations behind, unavaiable, or have no datasheet. For now the pod as it is in this thread might be repurposed as a testbed for a new project but with the diff where it's going, it'll be hard to make a BM1385/A3218 pod feasible let alone a BM1384.
Ahh, i still have that (your extra) S5 board you sent me by accident. What do i do with it? If you make some pods i still dont mind doing a trade in of S5/S1/AMTubes boards. But i understand that from a development standpoint it might not be worth the production costs. I hope he does it as I really like his work. But I think S1/AM tubes are not going to be big on list of needs (unless from componets he needs), I just don't see chips being that great. The good news for the project is bitcoin difficulty is going crazy. Which is bad for miners. But likely means S3's and S5's will only get cheaper and if difficulty keeps going like it is hard to say what cost would be in a month even. So the good news is possibly cheaper miners with decent chips. But granted they still are not the latest and greatest chips. |
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So if the diff is +16.6% or less, Herbean automatically wins since he chose the closest ?
no we are doing 1 carry over to .2 prize level . I would prefer letting it carry over but when we got to .3 and then .4 we attracted 3 or four attempts to game the system. So for now I am maxing prize at .2 then the closest wins. As an aside We have .8 to give away. that is 16 weeks which gets us close to the ½ing. I may add a little more to the giveaway funds if we need to as I would like this contest to reach the ½ing. Thanks for doing it. It's always fun to do even though I have not won yet . I really do like the carry over system vs closest. Just makes it a lot more unknown on winner an amount. But I agree the higher the price the more people will try to game. You might do something like if carry over is above .3 only people with guesses the previous week can pick. Would work good stopping some of the gaming, bad thing is it stops people who forgot to put one in or missed it previous week. |
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With my U2 I mine 200 up 500 satoshi per day...
with computer you should mine mine 20 to 50 per day...
If he goes for a usb stick miner go with gekkoscience compac. It's about same or less then ebay U2's and you can order direct from Sidehack. And instead of 2 GH you will get 8 pretty easy. If you have good hub and y cable you are talking about 16 GH+. And be away usb sticks are more for fun/lotto mining. So ROI is unlikely. But if you go that route for sure get the compac. As far as regular computers mining GPU/CPU on btc those day's are dead. |
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Perhaps a second hand SP50!?
Have to find a NEW SP50 around somewhere first - so far as anyone knows outside of Spondoolies themselves or possibly someone under NDA, they seem to not be in existance or production yet. There has been NO announcement on price on the things anywhere public that I'm aware of (I've looked), just quite a bit of speculative guessing. While 7 cents/KWH (US) is fairly cheap, it's not VERY cheap or even close. 5.54 is getting close to the VERY cheap range, but definitly is not VERY VERY cheap 3 cent/KWH or less like most of the major farms seem to have access to - and if you expect to be profitable for the long term you've got to get at least fairly close to their ballpark. Yes, you are right, the SP50 are only available to large well funded projects (just confirmed with the website). Perhaps by September there might be one second hand, but as you say there is no price available, and the official sales team wouldn't give me one either haha! So I guess I am stuck with the S7's for now, unless a new miner comes out by September. Also, I have no idea why the S7 with power supply are being sold for so much by other companies? In UK average price is around 1500-1800 pounds per S7 unit with power supply. BUT, if I ordered from the official Bitmain website, it would only cost $986.34/655.92 pounds (batch 9) and even with VAT and duty import charges that is still only around 200 pounds extra (855.92 pounds) and they only charge 52 dollars for shipping! With the pound to dollar conversion, I would be saving a lot of money. THAT IS LIKE 644.08 POUNDS CHEAPER! People on ebay are literally outbidding each other well into the 1000 + pounds area. Lol, people really over estimate the prices from the official company. Although for some reason the batch 9 is cheaper than the batch 3. Looks like India would be cheapest electrcity! I'm going to email energy companies there for quotes and research just how unstable the supply is and in general how corrupt it is. I'm not even sure I would count of SP50 at this point. Bitfury beat them to the chip dev it seems. So SP team has a chip that uses twice as much as bitfury.... and they have not shown a single chip that I know of. So they might have lost the war before SP50 comes out, unless they can beat bitfury's price by a lot. And keep in mind they went head to head with bitmain during sp20 and S5 day's. They reported loss twords end of it. So I don't see them trying to go head to head with another company's price again. |
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This is my first topic on this forum , and I am seriously thinking to start a small Bitcoin mining farm , and I have around 30k USD to invest in this venture . Would you consider this investment a good one , considering the current developments in the bitcoin industry as well as the fact that the local power rate in my area is around 0.22 USD/KWh .
I am interested in either the Antminer S7 or the Uranus Miner 6.0 TH/s .
Any tips on how to buy the equipment at a lower price , or cheaper setup alternatives , if any .
Thanks for your support .
at 22 cents you can't make money. I struggle at 9.7 cents winter prices for power In the late spring power goes to 18 cents and I simply do not mine in my house from May 1 to Oct 1 Find cheaper power. I am hoping some hosting centers will open with cheap power. This difficulty is a big push twords cheap electricity. I think we can call Febuary the month of the unexpected having. On the 7th we had a change of 20+ and in 3 day's or so we get 15-20, and add even one more 10-15 change.... we have haved proits of mining in one month... which I still find crazy. Follow cheap electricity is about as good as advice as we can give. |
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With all the changes I started some new ROI spreadsheets. My ones from a few month's ago seem to optomistic with difficulty changing so much.
I had not added up till today the past year's electricity. I was focused on month to month (as my gear channges buy new get rid of older). Only thing for sure i my new set of ROI spreadsheets is the electric company must love me.
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Hi all! Payments should have gone out since the wallet is filled. I'll take a look into it! not yet, i'm waiting since tomorrow Thanks for looking into it. Appears still to be stuck. |
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I've never understood how losing money can be enjoyable.
(I don't class "spending money on doing something FUN" as losing money).
I can understand some as I am almost addicted to mining. I just really enjoy it it's like a nice hobby, but I do keep ROI in mind..... as I hate losing money. So I'm no financial idiot. Most likely I will always have a miner even if i lose just a little (I'm not talking hundreds as that is no fun). But I will go down to 1 big miner if it gets to that point. I will not run a decent sized hobby mining operation if I am losing money. I realize it sounds crazy... but likely at least 1 miner even in bad conditions. |
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Looking for Bitcoin mining profitability source of information which gives new miners idea about which coin to mine
Much be reliable source
Thanks
You have a LOT of reading to do. This entire section is to mining Bitcoin, not altcoins. And I don't think there really is a sha256 altcoin worth mining over BTC. So pretty much you will mine BTC. If you really want alt coin's then they do sell some scrypt asics... but a lot of it is dated. So I would do BTC myself, and also check on ROI math before investing, it's becoming a hard game to get into. |
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Well wouldn't come as a surprise, but my payment was delayed again
Yeah. Its late by about a day for me atm. I'm sure they will make it right like always on payment. We were on a roll again it was 2 weeks in a row was hoping to go 3 on time. Getting mine out to me is much appreciated when you can. |
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Xapo is the best i think, not for many bitcoins but for small and daily transactions its the best, because it has no fees on transactions.
But for me xapo is the worst online wallet for me i can't login there fast after 2 factor authentic they send the code to my number but it take long time to receive your verification code.. its better to use coinbase or blockchain as online wallet than that wallet.. Then just download xapo app for your phone as the code will be sent to your app rather than your phone number and it's faster that way  Dont use blockchain as their security is a trash overall My wallet got hacked twice and yesterday i got an email regarding login attempt even though i havent open it in a months  I don't see how you are getting hacked so easily. I think it's likely you causing it not blockchain. Do you have 2 factor turned on with it? You can go pretty deep with 2FA where even if they have a password it does no good without the 2fa item. So not sure how you got hacked twice if doing that. Also they would need to know wallet it... which it seems you would provide through compromised device or phising. So I don't think you can blame them. |
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Why so damn negative? I'm sure you have heard of "soft forks" as a means of implementing changes to strengthen the network without a hard fork. Maybe, you should spend your time on your chip development and the SP50 rather than trying to bring everyone down to your current level. You might try a smaller rig than the SP50 as well for the public (home miners) rather than large investors only. As far as I'm concerned, you're in league with Hearn. We have a lot of new upcoming advancements for the blockchain to make it better without the changes you want to implement. Check this video out for instance: https://www.youtube.com/watch?v=kSq-58ElBzkAlso, how about you and everyone else reading some "bullish" news for a change instead of searching for pessimistic news to try to bring everyone down to your level. Here's an excellent thread for bullish news: https://bitcointalk.org/index.php?topic=1166428.2020Your attitude is the core of the problem at hand.. So you didn't like the perspective in the article and you focus on attacking the fact that it was even posted, how is it you can have a discussion when you simply bitch about a viewpoint that isn't your own? This thread has gotten a little off topic it seems it has not been about hardware in a while. SP team/Guy why don't you update us on chips or SP-50? Some new news would be great if your able to. |
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We're located in Canada and far cheaper than Iceland.
I know it's not the best source. But wikipedia shows average of 5.54 us cent's/kwh for Iceland - https://en.wikipedia.org/wiki/Electricity_pricingAre you saying you can beat 5.54 cents per kwh? I confirmed with Bitcoin Miners UK that they have a fixed rate of 4 pence kwh in Iceland, which is 0.06 dollars? Is that 6 cents? At least that's what an online conversion calculator said. I'm surprised no one is biting their hand off for their miners, 10TH/S for something like £3500 and they are water cooled and have low power rating! I just figured with the SP50's coming out 10TH/S will be too small/out of date. I'm even more surprised, that no one has looked into 3rd world countries for electrcity, have you seen India!!!!?  ? It's ridiculously cheap, or tehran. Sounds like you found a deal for 6 cent's if that is correct and a good hosting center. Might look into it more spending on VAT there. I'm hoping after having some good one will offer .05.... but we will have to wait and see. On 3rd world countries its just a lot easier then it sounds. Your talking about places that a lot have corruption, not stable electric grid, theft, etc. So HUGE possible profit's but just as big problems and possible risks. Some have done it in countries such as Venezuela is a great example. As long as it goes smooth huge profits. If you have a issue... hard to tell how bad it can go. |
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Price is over 400. It's currently around 405...if only we could have a jump for more. With this change and one before it, it's almost like having due to how much hash has been added. Which I just find as crazy, I know none of my ROI models had 40+ difficulty in 2 periods when we go back a few month's when I did them.
I'm really hoping that we see a big jump. Little jumps are nice but don't help much when difficulty jumps so much more.
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We're located in Canada and far cheaper than Iceland.
I know it's not the best source. But wikipedia shows average of 5.54 us cent's/kwh for Iceland - https://en.wikipedia.org/wiki/Electricity_pricingAre you saying you can beat 5.54 cents per kwh? |
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IIRC electricity there is very cheap, so that would be the ideal thing to do if your after having your own mining farm. I would advise on Antminer S7 only but If I were on your situation, I would wait until the halving is done before starting to order these miners as their price will surely go down and maybe even new miners pop out that would be more efficient. IIRC Bitfury introduced a new chip that would probably be the first choice once released so don't buy yet.
We would need to know how cheap before we really recommend such a big investment. Difficulty is just going crazy so I would want a really cheap electricity. At this point I have my hobby mining area set up. Wiring, cooling, a decent amount of PSU's. These are things I have ROI'ed on already. But for someone new they need to ROI on these things.... which add up so need pretty cheap electricity with current difficulty jumps. They will have cost's besides miner on first setup. |
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