What's the point of this thread when profitability changes each and every single day, and ASICs like the Baikal-B (although not listed, using this as an example) can lose $0.50 of profitability per day with the way things are going for the miner right now? Doing your own calculations for time 'till return is much more accurate, and it's not exactly hard to punch numbers in, especially when calculators like the Nicehash mining calculator exist, where you can click two buttons and find return times for your electrical rate, etc? Unless you somehow make it so the thread automatically updates profitability regularly, it's really not accurate at all, and the same inaccuracy exists for card pricing, which in turn also messes up return time for cards. |
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lol Glad that it is working for you but for me it's a big NO! Why I can't I just pay with Visa or something rather wasting 30 minutes of my precious time over some tech bullshit I'm not familiar with?BitPay is the reason services wouldn't use bitcoin payment systems as they make things more complicated then it's suppose to be. Ideally, BIP70 is actually meant to simplify things and make middleman attacks more difficult to pull off (as each BIP70 URL has an SSL certificate attached to it to make it easier to view who you are sending your coins to), but the problem is that there's lots of opposition towards it like from some wallets, including Blockchain.info and Samourai wallet, and people like you and me can't transact with Bitpay. According to Bitpay's blog here, the rationale that made them adopt BIP70 included actually the fact that people paid too little or too much, too late, or miner fees resulted in long confirmation times- For a while now, we’ve wanted to reduce or completely eliminate payment errors to BitPay invoices. Payment errors occur when someone pays too much, too little, too late, or their payment doesn’t include a sufficient miner fee (resulting in a delay in confirmation). These are not isolated incidents. Before Payment Protocol, wallets or exchange accounts not suitable for spending (along with user error) created more than a thousand of these errors for BitPay purchasers every week.
Bitpay likely didn't mean anything bad with adopting this, as logically adopting BIP70 would help them become more efficient as a payment processor and possibly reduce staff costs as they'd need less people handling transaction errors, but for whatever reason many wallets still don't support it. It's just a shame those wallets don't support BIP70 URLs, because the regular Bitcoin user might not be as tech savvy as the people on these forums and a nonworking payment URL leaves a bad taste in a newbie's mouth. |
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As an update to the withdrawal situation:
I logged in my account with Google 2FA (Possibly a factor in withdrawal speed?) in addition with the username and password combination that is standard for most sites, and withdrew BTC. Took about 5-10 minutes, but I went to do other work and as soon as I came back a few minuets later, the transaction was already confirmed. I guess IP isn't a huge factor in withdrawal, or it only comes in effect when an IP from a radically new location tries to make a withdrawal.
Additionally, I'd encourage everyone here to at least get another layer of protection besides just a password and username (as 2FA is currently difficult to get through, though there are ways to bypass 2FA), and make sure to change your passwords every once in a while. Even if you use a password manager like me, generate a new one every now and then to ensure there's virtually no chance of your account getting hijacked. I started using 2FA about two years ago on most sites I use, and I haven't been hacked since- well, that's not counting attempted logins, that 2FA blocks.
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Besides the simple fact that they're meant to calculate all factors happening right now, some calculators also slightly inflate or decrease earnings figures, which can be annoying sometimes. Some calculators also try to predict difficulty linearly or using other sorts of functions, but that's no better or worse than a calculator that simply extrapolates current earning figures. In my experience, Whattomine's acceptably accurate for what I've mined (ETH, XMR), and the same goes for CryptoCompare, which is simple and also lets you set a pool fee for a more accurate earnings calculation. There's nothing of the sort on Whattomine, and it's honestly a bit surprising to me- even though pool fees are traditionally around 1% for most coins, it amounts to quite a bit over an extended period of time. Last, don't forget that mining calculators are completely approximate in the near term and aren't meant to accurately predict the future. Use it as a guideline to determine about how profitable mining may be for you currently, and look at news and possible forks, etc to figure out if mining is worth it or not in a situation. |
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In my experience with withdrawal times, the first few times I tried withdrawing my coins from the old site, I initially had to contact support and things were fixed promptly, but it slowly got quicker until it took an hour or two until the funds were sent. I had no problem with the old withdrawal pause on the weekends, but it is nice now that withdrawals are processed in a matter of minutes now- definitely much more convenient than before, and also nice for those that mostly gamble on the weekends.
I have both a phone and desktop computer at my disposal currently, and I'll see how withdrawal times differ on both devices soon. I'll be using 4G data so the device IP'll be different. I expect the times will be the same.
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So 100 units MOQ
'the first 300 batch 1 customers receive free shipping and PSU'
So at least 30,000 A9 ZMaster shipped by June 25th?
Or do they mean 300? :/
because 30k of them is almost triple the entire nethash of all Equihash coins.
They said customers, so I assume they're talking about the first 30,000 units sold, and the fact that they supposedly have the means to ship at least some units by June 25th on the latest is indeed concerning. Could be a very big spike in Equihash difficulty coming up if these deliver as Innosilicon has promised in their announcement post, and they start shipping on the 10th which is just three days away! Whether or not they're all going to ship by the 25th is something I also question. The wording is vague, but I assume what they mean is they might order miner purchases into either batch one or two based on when the purchase is made and how many miners are left in the first batch, but I somewhat question this because that would mean the price of $9999 would apply for both batches, and usually the second batch is cheaper than the first. |
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A more approximate W/Sol estimate would be 0.0124W/Sol for the new A9 versus 0.0266W/Sol for the old Z9 Mini if anyone's wondering, and there's a 50-day difference at the absolute worst shipping date of June 25th (minus shipping days, so around 47-48 for most) from the first batch of the A9 to the next batch of Z9 Minis being shipped out, and that is quite a bit of time to mine with the A9. I expect Bitmain might release their full-size Z9s between this timeframe or they might just keep their prices the same/ lower prices on the Z9. In the long run the efficiency gain of the A9 will definitely come into play, but the 100-unit MOQ's still a big impediment to us regular miners.
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So comparing this to the Z9 Mini, this does around 5x the hashrate (10k sols vs 50k), and only uses about 2.5x more power (620W vs 266W). That MOQ is definitely too high for regular miners like us on the forums, but perhaps a group buy could be organized for this miner. I just wonder what Bitmain's response to this miner will be- will they go ahead and release the full-size version of the Z9 to keep competitive with specs or will they keep prices the same on the Z9 mini or lower it a bit? I'm personally leaning towards the latter as the MOQ on this miner is just absolutely ridiculous.
On the other hand, does anyone have the sales page to the A9 yet? I looked in the Crypto Mining ASIC tab and only saw the D9 with the number '9', and there wasn't anything listed in the announcement article pertaining to a sales page.
Inno also makes a statement about 'Low Noise' in their announcement page- I wonder how true that is. They probably don't need incredibly high CFM fans like with their BTC miners, especially with a miner that uses just 620W.
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Yep, we're in very interesting times the way things stand in the GPU world right now. There's supposedly new GPU developments coming from AMD and NVIDIA that may or may not be significantly better for mining than currently available GPUs, and FPGAs and ASICs are being developed for almost every single algo you can think of right now, though many algos are actively forking to prevent this (and difficulty is rising, coin prices dropping all through this)- one of the most prominent examples of mining rewards dropping on an ASIC is the Baikal BK-N- rewardsthrough Nicehash began around 0.0012 BTC/day about a month ago, and rewards have now dropped to around 0.00057 BTC/day. For I wouldn't go all-in on rigs nor ASICS/FPGAs right now, but buying one rig or two and waiting to see what happens in the future might be a good idea for you.
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I currently use a mix of BTC and LTC and sometimes ETH to deposit funds. I don't keep a huge stash of either LTC or ETH, but I use it for smaller transactions for quicker confirmation and thus deposit times, and I use BTC for larger gambling transactions above a few hundred dollars. I also currently hold lots of Tronix, but there's not many gambling sites that support it- hopefully this'll change soon so I don't have to waste money on coin conversion fees through Shapeshift, etc.
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All this make browser mining mostly a no-go, since there's a good chance the browsers will develop a safety guard against such miners.
This is probably the biggest flaw that I see with these web-mined coins- there'll almost certainly be at least adblockers or something of the sort blocking out these web miners as soon as they start popping up widely on sites, and the subject of crypto overall is still relatively unknown as of right now, though adoption is helping the news get out more about crypto. I can only really see this being adopted on sites that are already targeting crypto-browsing users as well. |
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The site itself is fishy as fuck upon first inspection from me- almost no sites have 'live' latest transaction counters, and an unknown site like payforks doesn't have nearly enough traffic to have as many transactions as they are showing; this is extremely common with BTC scam sites nowadays. They just pull random transactions off the blockchain, like what blockchain.info shows on this page. They also show that they somehow reach 10TH/s SHA256 with GPU rigs on their site, and that they use the antiquated HashCoins Scrypt miners under their 'CPU' hardware- what? Nothing makes sense on this site, and it's extremely poorly made at best. |
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Also, make sure the machines aren't dirty and/or running too hot- CPU mining's intensive on the CPU and thus they'll generate a bit of heat. Monitor temperatures on the machines when you start mining so they don't overheat. I often observe that on old machines like yours the heatsinks are clogged with dust and thus run hot.
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You can definitely solomine with 100 GPUs, hell you can solomine with just one GPU, but just realise you're going to get more variance than with pool mining on high network difficulty coins like Ethereum. High variance essentially means there's longer times between blocks, as the hashing system is inherently random. This also means your 'luck' in mining can swing largely, and you're at risk of losing money between these periods of variance, though on paper over a long timespan you'll make as much as you do mining on a pool.
The easiest and most efficient way to solomine is to do what edwardceng posted, but if you're lazy there are also 'solo pools' out there that allow you to receive the full block reward minus a small fee if you find a block on their pool- there's always a convenience fee with mining in Crypto, and in this case it's so easy to set up solomining I would say it's not worth it.
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Is it just me or has it been more than 7 days since that S7s have been unprofitable.
Are they waiting to see if goes back to be positive or have they just forgotton to check their site and left everything to function.
(sorry to bump an old thread).
s7 market was just disabled today.. i think the miner redemption period starts in 10 days if they remain unprofitable The question is.. is it even worth redeeming them? for non-china citizens its $50 handling fee + shipping for each miner I think..I probably wouldn't even mine with the s7's.. and if i tried to sell them on ebay.. i'd probably only break even due to the high bitmain shipping and handling fees. Thoughts? I've seen people redeem miners from Hashnest in the past with S5s and S3s, and in addition to all of that the miners appeared to sometimes be in pretty bad shape (big dings, dust, scratches), and I recall most people simply sold the miners on eBay too. It's a lot of work for a little bit of possible resale profit the way I see it, and it's also Bitmain trying to collect some more money from you after the miners are nonviable for mining. |
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I prefer to use binance rather than those options that you've just mentioned on the op. I used oldest exchange such a polonoex and bittrex but i had a bad experience with their service and then i moved to binance so far it's best exchange for me. Anyway i never used those exchanges except hit-btc as people mentioned it got so many bad reviews.
Unfortunately, OP is asking about the exchanges he listed because those exchanges have BTX pairs, and Binance doesn't have any Bitcore pairs on the exchange, so you missed the entire point of this thread. I use Binance to trade TRX and it is a good exchange IMO, but the exchange is missing some pairs that are needed like BTX. I'd actually use Cryptopia in this case as it seems to be the biggest volume exchange trading BTX that isn't Bit-Z, which is a Chinese exchange I haven't ever heard of. I've used it in the past and it's acceptably good out of the exchanges that have BTX pairs. HitBTC has very low volume for BTX, and I try to avoid low-volume pairs on exchanges. |
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Anything/service that promise to mine crypto virtually for you are just scams and you shouldn't put money into them.
Specially all these telegram mining bots are just programmed bot that works with HYIP model so rather than mining anything they are just paying old investors with money from new investors.
Stay away and if you want to mine crypto, mine at your home....
I dont know why there are still people nowadays who do believe into this scheme without even having a simple research on whats on mining.They would probably figured it out on the very first place that these things are just frauds and just luring innocent investors to scam their own money and i do agree that anything service that do offers mining virtually without any presence of mining apparatus then its a total lie. Dont be fooled with too good to be true returns on a short period of time. Sorry. This is my intention to open the discussion here. I feel in love with the results obtained from mining telegram bot in just a few days. But when I want to withdraw the result it is required a deposit. That is a requirement. Well, before I do that silly act of "deposit", I have to ask people who are already experts in this field. The users of this forum that I am making a teacher for my problem. You all I want your knowledge. What I am asking is one of my research efforts. This is my attempt to research and search for information. I try not to be careless. That deposit basically confirms that the bot is actually a scam. There should not be a reason outside of mining fees and/or transaction fees for a withdrawal; the thread should be locked now as it's been sufficiently answered. It's great that you looked into this before falling into the scam, but this is something outside the normal cloudmining schemes and I understand the circumstances. Don't be afraid to ask questions here, it can't hurt unless it's something like regular cloudmining scams that have been pounded into the ground thousands of times. |
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No way I will touch batch 2. GMO just made a big announcement on SHA256 miners running 7nm chips so I can bet we are going to see 7nm sha256 announcements from Bitmain soon. The S9 is old, hopefully I can use the coupons from the Z9's on that.
24 TH/s drawing 1950 Watts isn’t earth shattering, especially at $1,999. Exactly my thoughts when I saw the tweet about GMO's new miner announcement on twitter. It still makes more sense to buy two S9is for a better price per TH even without coupons, and you're losing just a bit of efficiency that will be irrelevant in the long run, and you're more flexible with two machines instead of one using 2000W. Bitmain's being smart with GMO right now with the price the GMO miner is set at. They don't really even need to change S9i prices right now and they're still a better choice than GMO the way things stand right now. I disagree. The thing about BTC mining at this point is the downward profit curve is super slow, you're not going to see the drops you're seeing with, say, the A9, because the network is too big to be tanked like that. So the difference in power draw (24TH/s for 1950 (spec) vs 28TH/s for 2640 for the S9) is, in the long run, a loss unless you're getting really cheap or free energy or using self generated renewables or something. At .11/kwh USD, you earn the same amount of coin after electricity at today's rates and you're wasting electricity, environmentally it's a poor choice too, but at any electric rate above .11? You're saving on the initial purchase but losing in the long run, unless BTC climbs significantly (but then, so will difficulty as more miners switch on, get turned back on, etc.). Not to mention the new miner numbers are speculative. I say if you think you can recoup in 4 months or less, go for the S9s but otherwise? You're probably better off waiting and seeing what the next gen looks like... For me, SHA256 isn't a worthwhile algo for home/hobby anymore. If I had solar panels (thanks for fucking that up, Tesla) then maybe, but the cost, environmental and electrical, is too high for the profit margin, even with the much slower dropoff (note that I'm talking about buying now, the S9 brand new was probably the longterm most profitable ASIC ever in hindsight). YMMV, just my opinion. For me personally, the two S9i combo makes more sense as I pay around $0.065/kWh, and I make slightly more per month with such a combo, but I see the numbers do indeed change once you set electrical costs above that to $0.11/kWh or so. I won't be making a purchase for any Bitmain SHA miners soon and I expect I likely won't ever unless there's a noticeable jump in miner efficiency from them- I think there's likely not a whole lot more that can be squeezed out of ASICs. I'm also phasing out my existing miners for GPUs currently as profit margins continue to sink on SHA256- it's truly unfortunate that the algo has become like what it is now for home miners. Hopefully GMO can help stir up more competition with future miners at the very least. |
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According to Bitmain's support site, you can only use one coupon per miner (but if you have 2 miners in checkout, you can use 2 coupons, and so on) and the value of the coupon usually can be 50% of the miner's sale price at most: One coupon could buy one miner. (For example, if you have two miners in one order, you could add two coupons in it) For the S9i that Phil linked, the coupon can be 50% of the value at most, but depending on what you are buying, the restrictions are different, such as for the Aug-Sep Z9 Mini batch: Coupons value 420 USD and below may be used for this batch. |
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No way I will touch batch 2. GMO just made a big announcement on SHA256 miners running 7nm chips so I can bet we are going to see 7nm sha256 announcements from Bitmain soon. The S9 is old, hopefully I can use the coupons from the Z9's on that.
24 TH/s drawing 1950 Watts isn’t earth shattering, especially at $1,999. Exactly my thoughts when I saw the tweet about GMO's new miner announcement on twitter. It still makes more sense to buy two S9is for a better price per TH even without coupons, and you're losing just a bit of efficiency that will be irrelevant in the long run, and you're more flexible with two machines instead of one using 2000W. Bitmain's being smart with GMO right now with the price the GMO miner is set at. They don't really even need to change S9i prices right now and they're still a better choice than GMO the way things stand right now. |
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