Hi All,

I recently started a simple mining rig in my basement. I soon found out that my house became the best sauna in town. Apparently the basement became 30C (86F) and the hot air started traveling up heating the house. Since it's October I counted on cold weather outside bring cold air in through the basement window which didn't work because it was way too hot in the basement.

As a result, I put a box fan in front of the window to force cold air in. This greatly helped reduce the temperature in the basement and the miners. I have purchased more used Antminer S5s and 2 brand new Antminer S7s to add to my rig which will add more heat. I was hoping you guys can review my videos to see my set-up and maybe offer suggestions to try to improve airflow. Thank you in advance.
https://www.youtube.com/channel/UCM6Q5RTpnxXVI-YK37fBi8A

Blockchain itself is decentralised. BLOCKCHAIN.INFO is a centralised SERVICE. They store encrypted private key on their server and send the encrypted private key to you when you submit a request or submit the correct 2FA. If they were hacked, you could get hacked too, depending on their algorithm. Additionally, they have a lot of vulnerabilities in the past.

I'm wondering apartment.  Lots of apartments are not really great on how much electricity you get as landlord likes cheap electricity bills if its' included in rent (most don't include in rent but some do).

Owning is nice it allows much more options.  Specifically  if you pan to have it with a plan plan you pick.   For me i have around 300 amps together for everything, 100 amps just for mining.  And no one can say no but the electricity company and they are happy to sell you as much as you can use.

I value gold more than bitcoins TBH as Gold isn't just a commodity for me but it is more like a protection for my family and is more valuable than bitcoins. I am not being a pessimist but I don't think the price will reach even $500 in the next 2-3 years. It may go upto $400 but chances are very low going by the current trend.

1) It will take time for Bitfury to deploy that much new equipment. ESPECIALLY with the current yield issues on 14/16nm process from ALL manufacturers on that node.
2) Bitfury has quite a bit of competition already deploying more and more gear
3) Other folks have already announced tape-out or are working on 14/16nm chips


 Note that KnC announced tapeout on their 16nm "Solar" chips almost a YEAR ago and announced deployment of those chips a while back, yet their hashrate has NOT exploded since then.

 Will BitFury hit 1000 PH? Quite possible.
 Will BitFury hit 1000 PH before halfing? Almost IMpossible.
 Will BitFury hit 1000 PH by the end of NEXT year? Unlikely.
 Will the total hashrate of the entire network hit 2000 PH before Bitfury gets 1000 PH of that deployed? Very very likely.

 Keep in mind that there are still SEVERAL folks making chips/gear, BitMain is just the only one CURRENTLY selling to the public (Innosilicon and Lktec have already made announcements, there is that one thread about a rumoured Avalon next-gen machine, Spondoolies has already announced next-gen, plus the other folks that don't sell to the public....)

So naive my friend. He is right, the "law" is only law until it is enforced, otherwise its just a scribble on a piece of paper.

When the global meltdown hits, I doubt a piece of paper in the parliament archive will overrule the current elite's agenda.

Face it, when shit hits the fan, everybody will fight for survival.

Like dont tell me when the ATM's wont give out money people wont break into stores and riot, because that is what will happen, and your gold isnt any more safe than the poor shop owner's groceries, from the angry mob, or other forces.

Problem with this is one point of failure.  Say you could perfectly remember your private key's (yes multiple is what I suggest instead of one big one).

Lets say you are hit by a bus.   Now the only person who knew the keys is gone.   I like bank deposit box as family will get it if that bus situation happens.  (And it is very unlikely but still most I think would want family to have access to it instead of it becoming abandon)

I might do a limited pre-order to help offset initial costs of PCBs and other required parts (all the controls, jacks, signal logic and LDOs), but as always I'd prefer not to take in money until I have a working prototype. I'll probably do some refining on my proof build tomorrow and hopefully test out some stuff that doesn't work quite so well right now which I think I have solved already but it's not implemented on the old board. Did some recalculating on buck design today as well so I'll have a few more parts to replace on that and get it closer to what should be final design. I don't want to get too far into the specifics of a prototype PCB layout until I have all the problems "thoroughly licked".

As is always the case, controls and code is Novak's domain. I assume he'll be testing communication and control stuff while I'm testing power and whatnot. To be fair, I don't actually need his code to work when I do the board design so long as the hardware portion is intact - parts selection, pinout decided upon, etc. He can code firmware and bench-test stuff while we wait for the PCBs to arrive. But once I have a working prototype with my hardware and his software, I'll take stock of what parts I have and how many we're to build in the first batch and see what people want to do. Right now I think ordering prototype PCBs in a week is somewhere on the optimistic side of realistic but not quite impossible. Since I won't be building more Compacs next week I should have a good bit of time for R&D.

Speaking of Compacs, I think I'll reopen an order queue for the next batch.

right now the only issue I see is one person has not purchased a stick  so when beta testing ends he would not get a share.

We  well I allowed him to mine  and anyone else  to mine during beta with any gear  and get a share. as long as there were active.

I believe  he is mining with an s-3 and that is all he has.

this is the miner.

http://solo.ckpool.org/workers/1JiWuyX94wrCr7JhkAn7x5qNMCEef1KhqX.aarons6

So since we are coming up to the end of beta I wanted to check if aarons6  has added a stick and I missed it.





Next is  how to spilt a block after beta.

 I am thinking ½ based on equal spilt ½ based on shares earned in time frame.  Based on this idea  we could keep someone like aarons6 in the pool and he only gets coins from shares ½ not the stick ½ .


Size limits members in the club       maybe 30 or less.

Length of a run 1 month       the 11th of each month.


I think the above pushes sidehack product which I/we want to do.

We could also do  something for pods when and if they come out.

Opinions needed for the above.
Also for this run from oct 11 to nov 11   I will point this miner  24/7/30

Tried screen -r and my S1 responded "-ash: screen: not found" . . . do I need to be in a specific directory for this to work?

root@1S1:~# opkg update
Downloading http://downloads.openwrt.org/snapshots/trunk/ar71xx/packages/Packages.gz.
wget: server returned error: HTTP/1.1 404 Not Found
Collected errors:
 * opkg_download: Failed to download http://downloads.openwrt.org/snapshots/trunk/ar71xx/packages/Packages.gz, wget returned 1.
root@1S1:~# opkg install screen
Unknown package 'screen'.
Collected errors:
 * opkg_install_cmd: Cannot install package screen.

I dont think there is a country where you can trust them

I mean they make the laws and can change it anytime, they just issue an emergency executive order to "save the economy" and boom your gold is gone, they will confiscate it all...

We do not know what will happen at halving.  Prices could go up or yes many miners will have to stop.   We cannot say with any certainty this far away.

One thing to keep in mind is the selling of the machines.  Even if someone has higher electricity they can mine with it for quiet a while.   S7 will still hold value at around having, they might have to sell to ROI.  But with owning a newer miner the good thing is value is better.  Look at SP20, S4 S5, Avalon 4.1 to show the trend of miner still having good value even though they are not the most current.

J4bberwock cables are shipped from France. For EU customers they were so far 1 euro each + shipping.
If you really get 2 cables from  J4bberwock  for 3$ with shipping, I will send you mains  free .

But do not  worry about the shipping costs.

Offer Your price with shipping.

But, trading hashpower does not always mean you are profiting from it. You may lose as well. Moreover, trading is a separate activity than mining.

So thank you all for the help.

Im a little bit frustrated because 1 of the boards is dead after 4 Days. (i waited 2 Month for it, because i ordered it in Canada). I try to contact the support that they send me a new.

I wish you great time.

Thanks again
Greetings
Dean

Gold can be stolen by "confiscation", if too many people start to use it. All vaults are at the mercy of the government, if they choose to enact a law to confiscate gold, and give you a "redeemable" toilet paper , then you are also mistaken.

Bitcoin on the other hand cant be confiscated, even if its price is volatile.

This is what I mean..

One should have an offline computer, I'd like to sign a transaction on it, burn it to a CD and post it onto the blockchain from my online computer.


Seeing as security is pretty much the #1 issue.. this seems rather important to me.

you should check your electricity cost first, because antminer s1 isn't efficient at all, you may end up losing money eac day instead of earning few pennies

OK Thanks for the advice, I would like to check the marketplace if I could get some great stuff there.

But even if S7 is not that great at the moment, as a miner there is a possibility to profit
if you know the right place, time, and equipment you might need to keep on track with your bitcoin.

thanks in advance  

The S7 itself doesn't seem to be a bad miner - it is the "no bloody way to achieve RoI on it under current conditions for pretty much anyone" PRICING that is the bad part.