how many gridseeks do you have -  6GH on a few can only be generating pennys a day at the most.... right?

I have a question - I have a 20 pack on the way from zoomhash and wanted to know what PSU you folks would recommend?

aside from my pc to hook them all up to - am I going to need anything else? I ordered their kit which comes minus the psu.

thanks in advance...

zoomhash.com has best prices in url

this morning (like 6 hours ago) I contacted three of the vendor who promote themselves here advertising equipment for sale - ship immediately etc...

what a bunch of liars - not a single one has even returned an email or pm yet.

gee - it must be nice.

yes - thank you - I got a great education in a very short period of time. I did find some alt coin that make sense financially so I'm going to pursue them and get a little btc mining money over the next 6 to 10 weeks from my S1

thanks -I have over this past weekend and decided not to buy any additional S1's - there's no ROI - I'm going to go with gridseeds instead and do scrypt mining and perhaps after the bitcoin ship has sailed in a few months and mining is useless vs. power consumption I'll find an alternate sha-256 currency to mine with the S1.

thank you

I sent you an email - ready to purchase Option G - can you ship today - paypal is only way I can pay - no btc.

sent you a PM - want 20 pack asap!

a lot of these guys only accept btc

your prices are not competitive - they're much cheaper in the U.S.

well - it looks like the guy In china who's been trying to sell me two of these is a theif..


see here:


https://bitcointalk.org/index.php?topic=508790.0;topicseen

my friend is not using S1's we has home built boxes but thanks for the insight - much appreciated - I will continue to scour the forum looking for an answer.

I had a friend with a similar setup find a block in three days - it's all luck

that said - can you answer my question?

hey folks I'm new to mining and have a few S1's on the way - I'm going to take a risk and try to find and mine my own coin instead of joining a pool - no risk no reward right?

how difficult or easy is it to create my own little pool of miners using the Bitmain S1's

oh - my pool will be 1800 Gh/s - if that matters - 10 S1's

thanks in advance

Jeff

are the bitcoins difficulty increases cast in stone?

so - I hit this page:

http://bitcoinwisdom.com/bitcoin/calculator

and selected the cointerra 2 Th/s unit and assumed if I bought that or a Black Arrow X3 I'd be getting started mining mid-may

so I plugged in the numbers and selected USD and the numbers were not pretty - in fact - bleak....

so - based on these number why would anyone even mine for btc and furthermore why would they buy even a 2TH's unit?


Date   Difficulty   Revenue   Profit   Return
2014                                            -5999
5-7 – 5-31 (25 days)   9494 M   1319   1293   -4706
6-1 – 6-30 (55 days)   13672 M   1040   1019   -3686
7-1 – 7-31 (86 days)   19688 M   672.5   659.1   -3027
8-1 – 8-31 (117 days)   34021 M   391   383.2   -2644
9-1 – 9-30 (147 days)   48990 M   217.8   213.4   -2430
10-1 – 10-31 (178 days)70546 M   113.3   111   -2319
11-1 – 11-30 (208 days)121 G   39.32   38.53   -2281
12-1 – 12-31 (239 days)175 G    -4.869 -4.772   -2285

it's horrible based on the increase in difficulty

which begs the question - will anyone even keep mining or will miners drop out and change the difficulty increase schedule?

thanks Skaterdiejosh

I really appreciate the info. I think I'm going to stock with my S1 until I can get a reasonabl firm on the delivery of a Black Arrow X3 which really does seem like the best bang for the buck.

I'd have to invest $10k in S1 to match what the Black Arrow will do for $6k and every dollar matters.

by the way - will the gridseeds also mine coins other than Litecoin - I have my eyes on a few others to mine.

thanks again for the information and wisdom - it's much appreciated.

it's kind of a toss up to me...

wait for black arrow 2 ths box...

invest in more bitmain s1's which give more bang for the buck costwise than the  dragon miner and if one fail I'm not out of business...

decisions, decisions...

I did some math last night and arrived at the following calculations

tell me where I'm wrong please... of course I'm a noob and I'm basing my calcs off websites that offer calculators...

let's says I invested about $5k in a 20 packs of Gridseeds and mined Bitcoin - the 20 packs adds up to 160 Gh/s and would only as best generate $3,800 total in one year - not a good use of gridseeds.

if I used the same 20 pack to mine ltc , they'd give me 6,000 kh/s and mine about 550 ltc in one year = $8,600

on the other hand if I invested $5k into 5 S1's it would give me 900 gh/s of bitcoin mining which would yield about $22k to $23k in a year.

seems like a no brainer to me.

what have I missed?

thanks- I'm starting to understand the difference between mining for bitcoin and the other currencies. It would appear to me that based on the calculator here (as an example)

http://www.litecoinminingcalculator.com/index.php?khs=4000&diff=3921.63289755&cdiff=3921.63289755&fee=3

that if I threw 4,000 hk/s at litecoin mining I'd be able to about 1 ltc per day and that would put me in the ballpark of where I want to be.... I'd need about 10 to 15 gridseeds to do this
and then I'd need what system I need to hook them all up and have them connected to some sort of pc correct?

I'm not married to bitcoin in terms of mining and just trying to understand the difference and what's entailed and required.

thanks