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2801  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The last round before the Chinese New Year on: January 24, 2014, 09:23:43 PM
This is now the fourth day after my order and still no tracking number.  I ordered on Monday night.  Starting to think this is a scam.

BITMAIN:  Please ship my miner and provide me with a tracking number!

Bitmain is given tracking details with delay of 1-2 days. So wait a bit and it will be delivered.
Mine shows in account after 3 days of contacting him and 4 days after made order.
But miners was shippen 1 days after i made order.

So chill out and wait.

generally this is true. 2 of mine were originally given the wrong info and shipped with a delay though (ordered sunday and monday - shipped yesterday)

most of the time when i get a tracking number the miner is actually halfway to me. definitely not a scam Smiley
2802  Bitcoin / Mining support / Re: BITMAIN Antminer support and OverClocking thread on: January 24, 2014, 09:19:54 PM
Got my first S1 today, immediately overclocked it after it checked out OK. So is there any consensus on whether setting it to 400 is "too much"? The OP said he prefers 375, but it seems a lot of folks are choosing 400. Mine seems stable at 400 so far, anything to watch out for?

I had to many errors at 400.  Knocked it down to 375.  Errors went down significantly.

try 387.5 - its a good compromise between pushing the unit too far and good results.

the unit i just got has yellow/black power terminals and is actually running quite cool. 43/46 at 387.5MHz when my previous miners would have been in the 48-52 range for that.
2803  Bitcoin / Mining support / Re: BITMAIN Antminer support and OverClocking thread on: January 24, 2014, 09:18:07 PM
One of my machines is only running at 134 since yesterday. It's not overclocked - how do I do a proper power cycle on this? i.e clear the capacitors.

Thanks.

disconnect ethernet, let it start beeping, turn off, wait 1-2 minutes, turn back on and connect ethernet
2804  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: January 24, 2014, 09:16:15 PM
I feel bad for people who got scammed by Hashfast. If they didn't promise BTC refunds or the miner protection plan, I'm sure they would not have gotten nearly as many orders as they did.

The sad fact is that 400 GH is only worth ~4 BTC right now. In fact, you can get 2 Antminers shipped immediately for 3.8 BTC, and that price will fall when the next batch is available after the Chinese new year.

400 GH will probably only earn around 5 BTC mining nonstop from now until it is no longer viable.

You are not considering the power efficiency. The antminers use about 3x as much power. 4.25BTC for 400GH would be fair IMO, and would expect a 6BTC return if delivered by the end of next week
2805  Bitcoin / Hardware / Re: WHAT! :( Butterfly Lads won't deliver the Monarch Till March or April:( on: January 24, 2014, 07:26:22 PM
i find it a joke that these are still going to be used for PCI-e ports. they will be far too massive, and it makes no sense in comparison to just using USB and having them external like the previous gear
2806  Bitcoin / Hardware / Re: [Antminer S1 open for sale again] The last round before the Chinese New Year on: January 24, 2014, 05:54:17 PM
add one to the list of machines with terrible fans.

no dust buildup like some of the other units people got, but the fan wont run at low speeds and needed a 'flick' to get it spinning once the miner was in operation, and is making a tremendous amount of 'clicking' noise.

I assume the blades are slightly nicking the hexscrews that hold the frame to the heatsink because i've had that issue with installing secondary fans before - though im not sure why this is the only unit out of 5 ive had where this is happening on the stock fan.

*for reference, my PCB is dated '2013/12/1' and has yellow/black power terminals and PCI connectors. I imagine that bitmain likely used it in their farm previously*

I loosened out the fan screws slightly to try and imporve the gap a bit but it doesnt seem to have eliminated the strange sound.
2807  Bitcoin / Hardware / Re: Who here already pre-ordered the Monarch 28 nm Bitcoin mining card ??? on: January 24, 2014, 03:01:30 PM

a GPU with all this tubing etc. Clearly they don't get it and they don't understand where the next thing in mining is. They have chosen wrong. Very wrong. Also they don't include the psu's and the mobo you are going to need to do these in any sort of density. $$$ tis gonna cost you a lot more time as well setting these up and tweaking. Too much time.

These will all use USB cables for 99% of the 'lucky' owners - and will be a terrible mostrosity. It is amazing the poor design that BFL chose and stuck with. An honest man in thier shoes right now would go: "shit, we are behind schedule and our design is horrendous and matches no form-factor at all. Let's re-design this a a square, 4-chip board so that it can be stacked or encased easily and provide 2x the hashing power to our customers who have waited all this time"

But nope, these things are gonna take up 5 PCI slots with a big heavy radiator/pump, require host computers and be delivered astoundingly late to customers

You two really have no idea what you're talking about, do you? heh... it's like watching two toddlers trying to be part of an adult conversation.  It really is.

please, explain. The original monarch drawings all show it having roughly the form factor of a 7950 GPU. the most recent image shows a big card with ugly water blocks on it that is already much thicker than any GPU, and it doesnt even have a radiator or coolant resevoir on it yet, which would probably double its height again.

I mighr have more idea what im talking about if the monarch was actually on-time, properly prototyped, shown to those who had invested in it, and met specs (600GH air-cooled was the original promise'estimate', wasn't it?)

PLEASE, show us what BFL has now? as far as i can tell its ugly, late, and not nearly the promised specs. Additionally, the need for it to fit any PCI-card form-factor is no longer necessary for >90% of your customers since why would they want to add >150W of mobo/CPU to the power use of this thing when almost every other design available or coming out simply connects directly to the internet without a host computer?

grow up inaba. you have not made friends here, maybe its time your parents try moving you to a private school
2808  Other / Archival / Re: Pictures of your mining rigs! on: January 24, 2014, 03:03:48 AM
Heres My current setup on a 4 shelf metal shelving unit that i bought.
1st Shelf is Speaker stuff
2nd Shelf is the ASIC mining shelf
3rd Shelf - Soon to be Litcoin mining shelf.

Have been waiting almost a week and a half for (42) more USB erupters to arive..

its a great setup, but why on earth are you buying/using USB miners? for whatever small amount of GHS you'll get from 42 USB sticks you could probably have bought a 200GH antminer

Actually believe it or not i picked up 42 erupters for a $1 each. don't ask how since i know it sound like Bee Es, but that's why. Who knows if it was real or not. it was through amazon and the order already says shipped so i guess time will tell...

If they deliver, thats pretty fantasic. They will probably mine less than you paid for the hubs, but Im sure you could find a resale market and get $7-15 each in bulk selling them when you are ready to upgrade
2809  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING*** on: January 24, 2014, 03:00:55 AM

http://eligius.st/~wizkid057/newstats/userstats.php/1mineL5pWepg1WGKfDWDAFstQw4smUoFe

With six v3 H-boards, an AntMiner S1, and a couple of BFL Jalapeņos, I'm getting about 375 GH/s. 

you could be doing a bit better. 6 H-boards with some small pencil modding can give you ~34*6= 204GH + 197GH for an antminer running at 387.5Mhz = 401GH

its worth squeezing a little more out while the difficulty is low

I started with two H-boards that delivered 35 GH/s between them with a 0.2-0.3% hardware error rate.  The four newer boards are doing maybe 30 GH/s.  Collectively, the six boards are running a hardware error rate ranging from 0.8% to 2.6%. 

Pencil-modding is for older boards, right?  These have a (ridiculously small) potentiometer on them for voltage adjustment.  I've not tweaked any of them from how they shipped.  I suspect the newer boards might be set lower than the older ones, but I've not tried taking any measurements.

I have tried briefly overclocking the AntMiner as well, but the power-supply wiring gets even warmer than it already is.  The power supply I'm using with it has both PCIe connectors at the end of a single cable.  I should probably use some Molex-to-PCIe adapters to spread the load across more output lines.  It might even be worthwhile to tap 12V off of the main ATX cable.

I would definitely snip the head off the ATX cable and use it for a blade on the antminer. you shouldnt run more than 300W on a PCI cable or you can have a lot of problems when it fails on you.

if your boards are 2.3, dont pencil mod. but a small tweak on the potentiometer will help you get those 30GH cards into the 33-37GH range if you do a tiny adjustment at a time
2810  Economy / Collectibles / Re: (WTS) 2013 Silver-w/-Gold 1BTC Casascius coins - Toronto, Ontario on: January 24, 2014, 01:27:03 AM
I guess it would be nice to see some pictures posted huh? First post is updated!
2811  Bitcoin / Legal / Re: Canada ONLY: Taxes and law on: January 24, 2014, 12:57:35 AM
reviving this thread for its usefulness and to see what's changed.

I want to start a miner collective (co-op?) and expect that to do it on a larger scale will mean that tax records become a necessity.

any advice on how that would be done? can any costs be deducted (miner costs, electricity, etc) and would it fall under capital gains for [mining income-costs]-[hardware cost]?

additionally, if someone invested 10BTC with me to basically buy and host miners on thier behalf, how would that work? capital gains for them and then I am taxed on any profit I make? what about hardware costs or resale value?
2812  Bitcoin / Mining support / Re: BITMAIN Antminer support and OverClocking thread on: January 23, 2014, 09:46:36 PM
'vi /etc/config/asic-freq'

pressing 'I' enters editing mode
pressing 'ESC' exits editing
':wq!' writes the file and exits back to the command line
reboot
2813  Bitcoin / Hardware / Re: [Setup & Troubleshoot] Bitmain AntMiner S1 180GH/S miner on: January 23, 2014, 09:40:16 PM
Evening All

I am not used to using cgminer as I currently use BFGminer.

Can someone walk me through overclocking the miner step by step using cgminer? I will overclock when the warranty is finished.

Much Appreciated!

some people really need to start by reading the first page of this thread
2814  Other / Archival / Re: Pictures of your mining rigs! on: January 23, 2014, 09:37:42 PM
Heres My current setup on a 4 shelf metal shelving unit that i bought.
1st Shelf is Speaker stuff
2nd Shelf is the ASIC mining shelf
3rd Shelf - Soon to be Litcoin mining shelf.

Have been waiting almost a week and a half for (42) more USB erupters to arive..


its a great setup, but why on earth are you buying/using USB miners? for whatever small amount of GHS you'll get from 42 USB sticks you could probably have bought a 200GH antminer
2815  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 23, 2014, 06:31:31 PM
I respect your opinion but look at it this way.

If ACtM can mine 1% of the bitcoins mined in 2014 - in other words if we can take and hold 1.25% of the global hash by beginning April - then we will mine 13,140 coins in 2014.
At current prices that is 13Mill dollars.

But lets assume an average price of Bitcoin of 5k USD in 2014assumption (10k USD target is widely talked about now for 2014)nonsense - so we will generate 5,000x13,140=65.7Million USDLETS USE $1000 since thats what a bitcoin is actually worth now
So Holding just 1.25% of global hash from April will make us 65.713.5 Mill USD in 2014.

Lets round that down to 5010Mill in pure profit from mining.
Add 408Mill USD profit from chip orders for our 28nm chip in 2014
Add 102 Mill profit from chip orders for our 55nm chip
Add 255 Mill profit in miner sales for 2014.

You have a yearly profit of 12525Mill USD.

Now to repay 0.0025BTC per share (10Mill publicly held shares) you need about 25Mill USD in todays price. But taking into account price rise of BTC through the year by say begining Q3 we would have 0.0025 paid back in full at a cost of 50Mill USD.

So the next 75Mill USD profit will be split between all shares (25Mill shares) giving a further div payout for the year of around 0.0006.
So in total each publicly held share will recieve approx  0.0031BTC in divs in 2014.

Now - a fair share price can be worked out when you know the expected total yearly divs. That's how professional investors value a stock.

http://en.wikipedia.org/wiki/Dividend_yield

All IMO. Let's have a heated debate?

your opion includes several different BTC valuations. using today's rate, the math is MUCH different. and this still assumes that 1.25% of network hashrate is even a remote possibility.
2816  Other / CPU/GPU Bitcoin mining hardware / Re: Antminer S1 on: January 23, 2014, 06:19:31 PM
no real difference. both methods just provide 12V power. If you have 2 seperate PCI leads from your PSU use them.

I have modified server PSUs, so I just run some nice thick 14AWG cable to the screw terminals and its both simple and cost effective
2817  Other / CPU/GPU Bitcoin mining hardware / Re: How to turn on rig without power button? on: January 23, 2014, 06:18:07 PM


you can use a paperclip and bridge the green cable to a black one, on your atx 24pin psu cable ( green color is for the on/off switch )

http://www.mupuf.org/images/wt-rpm/connector_atx_pinout.gif

then you just use the switch on the back of the PSU to turn off and on.

hope this helps.

^this. its very simple to do. find a peice of scrap wire, trim it down to be about 0.5" long, strip 0.125" of the plastic sheathing at each end, pinch/fold it in the middle, and jam in into the 24-pin MOBO cable so that it creates a connection between the green and black wires.

if its snug on its own great. if not, a dab of glue, or a ziptie/electrical tape wrapped overtop to hold it in place is all you need. its not a high voltage or anthing, so dont put too much though into it.
2818  Other / CPU/GPU Bitcoin mining hardware / Re: BUtterfly Labs 50 GH/s Miner on: January 23, 2014, 06:12:31 PM
at 7w/GH its a terrible idea and waste of money. for the power sonsumption of the 50Gh miner you could run a 200GH antminer - and the prices are not that different
2819  Other / CPU/GPU Bitcoin mining hardware / Re: Is now the time to sell 1st gen KnC gear? on: January 23, 2014, 06:07:56 PM
IMO, too soon to sell an efficient machine like that.

that said, put it for sale in the local classifieds (craigslist, kijiji, etc) for 50% more than its capable of mining and see what happens. if it sells-great! if not-keep mining with it.

I sold some antminers this past week for far more than i expected. I sold 3 of them at $2750 each with power supplies and another for 3BTC with a power supply. More than enough money/bitcoins to order 6 more that deliver early next week (maybe 5.25 units if you consider the week or so of lost mining income)
2820  Bitcoin / Hardware / Re: [Setup & Troubleshoot] Bitmain AntMiner S1 180GH/S miner on: January 23, 2014, 05:58:36 PM
what's proper way to shut down since there is no power button?
Remove the Ethernet cable until the fans stop spinning then power down the PSU.
Where is the advance instead of just turn off the PSU?
It is not turbodiesel with turbine to cool off Smiley

+1. You can turn them off hot, its not like they will get hotter or anything.

however, i usually just unplug the ethernet, let it start beeping and wait a minute while the fan continues to cool down the heatsink a bit further. This is a bit overcool, and mostly  if i am moving the miner to a box or handling it in a way that it being 40C is not desirable
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