Rockminer is not forcing you to buy more than your home circuit can handle.
Not everyone needs to buy 3kw+ worth of miners to turn a profit. Sure, but having 6TH/s for 2700W is much better than having 6 spaghetti monsters that do 2.6Th/s for 2900W. So the average is $0.1/kwh. Add cooling costs and we are at $0.13/kwh. Very very close to the DC costs so that means that there is no benefit in having miners at home. If that is your way of thinking you would probably be interested in a 5PH immersion cooled rig from xbtec. Plenty of power and efficiency.
As I said it's obviously that you are not a miner, but you are trying hard to understand them. Immersion cooling is too expensive for most of the miners. It's for very big mining operations so that's out of the question. You still haven't replied about shipping costs for 84kg for the 5TH/s. |
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Your 2 statements are contradictory. How is the home user going to plug ~5800W in his home? They are not contradictory. You can order as much watts as your home circuit will allow. If you insist on 5800w im sure you can figure out how to upgrade your circuit. You are obviously not a miner and you don't seem to understand miners needs because having your miners in a DC has a lot more advantages than mining at home. Plus the fact that all miners have most of their power circuits maxed out by now. You seem to have the misconception that everyone needs to have a few TH to be a miner. It is just as profitable to mine with 100gh as with 6000gh if the $/gh, w/gh, $/kwh, and difficulty are the same. Datacenters generally use 30% extra electricity for cooling. Hosting fees basically negate the efficiency advantage of an sp30. I have yet to see a DC with hosting less than $0.15/kwh yet many people pay less than $0.05/kwh at home. So you say that not every miner needs to be in a DC, but the home miner is forced into paying more for upgrading his power circuit in order to accommodate that spaghetti monster which is the equivalent of a 2700W SP30 miner. So instead of shipping miners to a DC and have them setup in a day they are forced into getting an electrician over and planning the whole re-wiring scheme. Good advice! Yes DCs may not go lower than $0.15/kwh, but you also get the cooling that you don't get home (summer is coming) plus that you are not capped when it comes to power. Those paying $0.05/kwh at home are just a few and only in US. Care to share how many states have that power pricing? All europeans pay a lot for power and having $0.15/kwh in a DC is very very good. It is just as profitable to mine with 100gh as with 6000gh if the $/gh, w/gh, $/kwh, and difficulty are the same.
Yes, but once you hit your ROI the hashrate matters when it comes to profit. Mining with 100GH will leave you with just dust after ROI while mining with 6000GH will help you get a decent profit AFTER you hit ROI. Since you are targeting amateur miners it may sound very ok for them to mine with very little hashpower because they will be able to hit ROI, but their profits will be non-existent or too little to upgrade the miners. Let me repeat myself: 84kgs for just a bit over 5TH/s is a new record  |
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and how much electric are you pulling from a residential circuit with that massive bank of PSU's?
Well each unit is only 480w (~120w per blade). Nobody's going to make you order more than your home circuit can handle. It seems that the spaghetti monster is aimed for the amateur home user/miner.
Now you're getting it. Not every miner needs to be in a DC you know. Your 2 statements are contradictory. How is the home user going to plug ~5800W in his home? You are obviously not a miner and you don't seem to understand miners needs because having your miners in a DC has a lot more advantages than mining at home. Plus the fact that all miners have most of their power circuits maxed out by now. |
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I have only heard that 20nm is not cost effective as you can see here:
Doesn't really matter since they used crowd funding to pay for the NRE (the big drawback of 20 vs 28nm), long term for KNC they got a win since they are on a "better" process node than the competition and the only ones that lost out on the development time were their customers (KNC were happily mining away with old gear anyway). Unless BTC price goes up considerably it is going to be really hard for another HW manufacturer to justify/raise the money to go 20nm once the mining market is saturated (at least until the mask costs comes down). A better/smaller process node is equal to zero if the performance is worse than a bigger process node. There is no advantage there. Why would I choose a 20nm Neptune that has ~0.7W/GH (just an assumption) when I can choose the 28nm SP30 chip that has 0.5W/GH at system level? |
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Not to argue one side over other, but as of right now one Sp-30=12.72-13.64 RK-boxes (at $7500-8000 plus $600 PSU plus $500 Rpi=total of $8600-9100). 12 rkboxes is 8btc ($4600) plus $100 for psus(10 x $10 dell server psus) plus 1 high end gaming pc for $800 (just because you will have the extra money) So about $5500 and it's not a preorder. And how much is the delivery for the 84 kgs? It seems that the spaghetti monster is aimed for the amateur home user/miner. 0 stackability, bad power efficiency, A LOT of wires and a lot of work to set them up while the SP30 will be just a 2U box with 2 cables to plug (power and ethernet). I assume there is A LOT of space needed for those 12 abominations. Good luck on your next dividends. You will need it! |
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My unit arrived at Thor Datacenter yesterday.
I hoped they would be able to set up my sp10 the same day, especially as they should know their way around the unit (as they already had set up roadstress unit).
Apparently that wasn´t the case and after providing them more information yesterday, i hope that the unit gets set up today.
At my local DC it took around 10 minutes for a guy who had never heard of a bitcoin miner before to set up the sp10, that is how easy it is.
Will update once everything is running.
Advania needs a bit better customer service for bitcoin miners. Like a skype id for their support and the possibility of having a VPN so that the miners won't have a public IP address, but I'm hoping that things will improve in the future if we host more miners with them. Edit: Anyone with DC experience can share with us how hard would be to have a VPN solution? |
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I am waiting to see what KNC and Bitmain do in the next month or so before I commit any more money to equipment.
The SP30 could well be still born ...
I thought we are supposed to see what KNC will to THIS month, not next month! That means a nice 1 month delay for Neptune pre-orders. Very nice! Shill more for your fail company please! Neptune this month, S3 next month dumb ass. Just 15 days left for this month. Care to have a 0.5 bet on KnC delivering Neptune this month? |
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$0.81/gh with psu. The only people who need more efficient miners are those with high electricity costs. Big mining operations will have cheap electricity so waiting 3 months for 50% more efficient miners is absurd. To put it into perspective, 1PH farm of rockminers = 1200KW @ 0.05/kwh = $810,000 + $43,000/month 1PH farm of SP30 = 500KW @ 0.05/kwh = $850,000 + $18,000/month It might make sense to go with sp30's if they were shipping in 2 weeks, but they aren't. Your only savior would be the uninformed casual home users just like last time when AM sold overpriced miners You mean those uninformed casual home users who all managed to achieve a positive ROI? (excluding usb miners) Has anyone who ordered an SP10 actually turned a profit yet? My SP30 is just one and a half month away! Maybe yours is, but not the ones you're trying to sell. You forgot cooling costs for the 1PH farm. Those will add at least another 30% to the costs and you will end up paying for rockminers 3x more than the same farm with SP30. Great choice for the future! I remember that the last year blades were overpriced too, not only the usb sticks! Don't try to hide it. Good luck selling 60PH worth of miners. Maybe you can do it at 0.5$/GH with immediate shipping |
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The most awesome part of that thread was the first time I ever deleted one of your posts. It felt so sooo good.  . You went on to gift me the same pleasure hundreds of times over the following few days. Thank you very much for that. I was always going to win the battle of wills, and we both knew it, because for every few dozen keystrokes and mouse clicks you made, I only made one. And while I was sleeping, my faithful soldiers were getting the same thrill over and over again. Pure poetry.  What a failure. You just lost a good chunk of bitcoins by trusting ken and now this is your only satisfaction. Good job! Good thinking! Don't ever change! The world needs more people like you! |
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Great post Zeta! You really sold us on MAT. Thank God you posted a pic of the internals and a CGminer reading....oh, you didn't?
Useless.
+1 You sold us! HashFail had offices and a CEO and now they are in bankruptcy. I call your trip a fail trip. 0 solid proof just box of fans. Waste of gas. |
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So even with this aggressive pricing the miners aren't selling in numbers. What a surprise!
I wonder how will all 60PH going to sell with all these problems.
What do you know about their sales numbers? BTW they are now selling for $0.79/gh excluding psu. That's cheaper than your sp30 preorder which is 3+ months out. And with PSU? It may be cheaper, but it's more than double the power requirements. All big mining operations will stay away from these because of the excessive heat and power bills. Your only savior would be the uninformed casual home users just like last time when AM sold overpriced miners. My SP30 is just one and a half month away! |
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All i am saying essentially is that RK-box should be priced wayyyyyy better. I do hope this happens but I am afraid there is almost no incentive to lower the price any further when the competition is at ~$1.4-2/gh. Also I think that at ~$1.1/gh we are approaching what it costs to produce these miners (I estimate ~$0.7/gh) so I doubt we will see any dramatic price decreases in the near future. So even with this aggressive pricing the miners aren't selling in numbers. What a surprise! I wonder how will all 60PH going to sell with all these problems. |
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I am waiting to see what KNC and Bitmain do in the next month or so before I commit any more money to equipment.
The SP30 could well be still born ...
I thought we are supposed to see what KNC will to THIS month, not next month! That means a nice 1 month delay for Neptune pre-orders. Very nice! Shill more for your fail company please! |
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Anyone got any news on how Payment to Hosting company works , what are the payment options. e.g (all up front or on a month by month basis).
Asked Spondoolies for this info two days ago, no answer.
The email said that hosting required a 6 month commitment, which would indicate to me that it required 6 months up front. What other commitment would there be for a company selling hosting to a bunch of geeks on the internet from all over the world? You won't be required to pay all up front for the 6 months. The commitment would be that you agree and commit to pay for the next 6 months of hosting. I am sure that if you won't pay starting any month that won't be a problem because they still have your equipment and they will not release it to you until you pay up + maybe you will get blacklisted with them. That's how I see it at least. Things don't need to be complicated at all. |
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Nice job catching them!!!
I think out of the 200 btc, Eligius should acquire solid state disks (such as nimbus data gemeni flash array). Db will never have any issues and rebuilding/reorganizing etc.. will be a thousand times faster.
Just my 2 cents.
Overall, we should beef up Eligius and spread what's leftover
Another point, couldn't we analyze these 2 addresses for relationships with other addresses to see if we could infer identities behind these addys? Maybe not, but it could yield some interesting leads...
The ~200 BTC belongs to the miners affected, IMO, not in any way a donation to Eligius. On a side note, almost everything important is on SSDs except for the webserver... which will be shortly. Software is needing some updating/rewriting to get more speed, though. I am sure that some donations will come after this! Good job! |
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I am waiting to see what KNC and Bitmain do in the next month or so before I commit any more money to equipment.
The SP30 could well be still born ...
What mining equipment do you own right now? RoadStress, you are the one who needs to answer my question. I'm not selling anything here. Will you or will you not SP30 match KNC $/GH on the Neptune they ship and include a 100% refund guarantee ? Don't rush into anything RoadStress, I'll check back later to see what you have to say ~L)L~ I'm not selling anything either. I'm just supporting a good company with a good miner and also I'm trying to donate something to charities and to bitcoin software developers. There is nothing to match. What mining equipment do you own right now? |
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murdof what's the pool speed for your miners?
I updated twp SP10's firmware and they are hashing a little slower than previously. I'll let them hash over night and take a peek again later. I usually get my highest hash readings on the the guild. If I use Ghash, it's all over the place. The miners will report lower speed on GUI, but you will see higher speed on the pool. Since you just made your upgrade it will take a couple of hours to get some accurate numbers from both the miner and the pool. |
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I am waiting to see what KNC and Bitmain do in the next month or so before I commit any more money to equipment.
The SP30 could well be still born ...
What mining equipment do you own right now? |
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murdof what's the pool speed for your miners?
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