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Thanks, that's what I was thinking.
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Thanks for the replies but I wasn't asking if it was worth it, I was asking how to tell if I found a block. I understand the math. You missed the probability/luck part of the equation. I don't use bitcoin-qt, I have my own pool server. I don't use anything GUI.
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While I have a small farm mining various coins, I figured whynot dedicate a USB miner or 2 to solo mining, which I have done over the weekend. Taking them offline isn't hurting my overall return, and since it's about 'playing the lottery' it can't hurt to try. Just another way to diversify the mining hobby.
So I'm just curious to know how to tell if you hit the lottery. I think it will show up as an accepted share, but I just wanted to confirm.
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Unrelated somewhat:
When solo mining, how do you know you've hit a block/won the lottery and should be expecting a 25btc payout soon?
I'd search but the connection I'm on is dying. Thanks for help/links.
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Yup! Totally agree with what he said. Plus, it would force the cost of the other miners down, or force their buyers to look this way.
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That's a fair point, but as the deadline approaches, they would *have* to have news of some kind.
Not necessarily. I've had huge deadlines approach, and the closer they got the more labor was put in, the faster the pace, the less time to provide updates. All which was communicated was that the deadline would be made. It was left at that. The deadline was then made. They've actually stated a couple of times in the last week that everything is on schedule, yet folks keep asking if it's on schedule--people need to just drop it. Sit and wait. This is the blackout period--we'll see what happens on the other side. |
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But if there is enough interest we'll probably hire some unfortunate local soul and will offer that option. A rough pricing estimate for the DYI Kit option is 0.1BTC (+ BitFury chip's price) and I might be off +/- a bit depending on how much we end up paying for shipping. Don't you worry about the interest for DIY kit option at 0.1BTC + chip price, people will by them in dozens. This is only realistic positive ROI option for small miners and hobbyists. I think what he means is, if there's enough preorders. |
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Did anyone made the joke about 'swedish' asic miners comes in parts and you have to build them yourself because it is 'cheaper' that way?
If they sell chips alone only, it could be done... Well, the joke is you still have to supply your own PSU. And not only that, you'll also need to supply your own power supply on switch since the miner won't do it itself, apparently. Wouldn't a power supply tester with an on/off button be a nice, clean version of this? e.g. http://dx.com/p/pc-computer-atx-power-supply-tester-with-on-off-switch-black-132273  Nice suggestion and available for $5 on Amazon. Multi-use items = win It'll even beep when you switch it on - try getting a paperclip to do that  I like that there's a device like this, but I have to say, paperclip for the win. It's free for most, they won't fall out, and.. there's no further investment lol. When the cost is a few $10 bills, no one cares that much if they make money. I look at that as the chewing gum of ASICs. You never need a reason to chew gum. But a Jupiter is a 6 course meal.
I don't think you understand the math game behind difficulty and the human nature of bitcoining. Others have pretty much pointed out what I would've. |
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I would certainly buy a whole bunch if their total cost was .2btc plus shipping.
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Now BFL is really getting silly. Deleting posts from me and others, posts which do NOT fall under their 'rules'. Here's their latest in the "why no shipments for a week" issue:  A customer is concerned if BFL is running out of parts,since the shipments stopped for 2 weeks. I simply responded that it's either that, or labor, or the management (of the production/procurement). My response was deleted. To think people trust these folks with money (still). |
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My advice... pay no attention to The Genesis Block. ASFAIC, the calculations are busted. At least that's what I tell myself so I can sleep at night.  TGB has been fairly close with the predictions. My own predictions (in another thread) are also spot on, actually within a few hundred thousand of actual difficulty. Call it luck I suppose. According to my model, we're a few footsteps away from a near vertical rise in hashrate which will last for a short while (not indefinitely). There'll be a slight tapering, a downslope, but it'll never go back down. It'll sinewive out. For getting sleep at night, I can understand not wanting to face that. |
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I prefer slush for my bitcoining. i've used bitparking merged mining before as well but the payouts take for ever. It's been a week since I stopped a miner there and I'm still receiving confirms.
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You have 333mh block erupters hitting .02btc daily? What pool?
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I don't see how you could even tell that all 4 boards of a Jupiter were hashing in 5 seconds.
Well, the BFL 500GH units seem to take 18 months to do a burn in before hitting customers. 20 seconds is not so bad. |
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If you're going to outsource things, you might as well go all the way and have completed/tested sub-assemblies delivered - just put them in cases when you receive them, connect some cables, burn them in for a couple of hours to sanity check things, then pack and ship it...
I'm betting they definitely designed their product to be somewhat 'assembly-minded modular' for this reason. If they're going to do it in house, they just want to pop boxes open, connect a few things, test them, and then ship. Considering the design, it's so simple it lends itself to this by nature. 1. Mount host PCB to case. 2. Chip to PCB, Fan on Chip, Mount PCB to case. Connect serial cable to host PCB (repeat as necessary) 3. Close Case Done. No soldering, no need for hot glue, etc. And if they truly only need the chips to arrive, they were smart enough to get all the steps done ahead of time minus the Chip/Fan portion. |
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I have some good news. I spoke with Dave of Butterfly Labs this morning and even though we do not yet have 50 cards confirmed for the first order, he said it was ok for us to go ahead and get started with what we have so far. This means we can get started on placing our first order! They required a large number for group buy in, but suddenly they're ok with half that? Yeah, that does't sound desperate or anything. There is one condition though that I must make you aware of. When speaking with Dave on logistics of placing this order he made it clear that it would be a heavy administrative burden on them to ship our group buy order to multiple addresses. That's odd honestly. While I don't understand their "management process", working out up to 50 shipping labels shouldn't be an issue. |
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Definitely watching, would be a neat fun factor evolution over the asicminer stick.
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Man, these guys are really putting some work into this "scam" eh? Pretending to build a datacentre and buy loads of shiny kit. I await some hilarious trolling about that being something else than what it obviously is...some guys making a home for some rigs to live in in the very near future. Thanks for sharing.  You know damn well that's photoshopped! |
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But as someone else also mentioned earlier on in the forum, by November they're will still be people willing to buy the hardware used. I personally depending on the outlook intend on selling my Jupiter's around the end of November and using those funds as my ROI/profit, which will then go into the next gen hardware around march.
For how much? |
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