Thanks. I've been busy testing many FAN and EXHAUST Vent combinations in the garage while being busy chopping trees and building a Shed in the backyard to host some of these miners. The Electricians are working on the trench from the Transformer to my Shed and Garage for a 200AMP upgrade. The Shed will allow me to do more customizing and testing then my garage which have brick sidings which limits my mods. http://imgur.com/a/NJCXnQuoting so people can see:
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yea I think your math was off somewhere. Here is a good tool to do the math for you... https://bitcoinwisdom.com/bitcoin/calculatorI plugged in the numbers at your electricity price of 32 cents per kWh and it looks like you are unprofitable from the moment you plug it in. It looks like anything over 17 cents is currently unprofitable for the S5. At 17 cents you only chance is S7/Avalon 6. You would mine and sell. That is only way I see you possibly profiting. And if you do go up to 32.... you stand no chance. You can get hosting done much much cheaper somewhere then 32 cent's. I would say 10 cents or less, I suggest looking at this as 32 cent's is just horrible.
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op has stated it is in a taxi cab.
and on a small scale it will work. at least in my opinion.
Do you think heat would not be a problem? I would guess miner would be in trunk on taxi. It just seems like the trunk would fill with heat, and no where to go. During summer I see even bigger issue winter might possibly cool it from cold outside. So I guess it could depend on season to.
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This question is like asking which car is best. Everyone has their taste and everyone has specific reasons for buying a car. Personally, in the tutorials on my website, I tell new users to start out with Coinbase or Circle to get used to buying, selling, and using Bitcoin. Once they're comfortable I recommend they get a standalone wallet. The one I typically recommend is Copay because they have a version that runs on just about any platform. But the truth is that it's all personal preference and which features are important to you. Starting directly to hardware wallet or some advanced wallets its not good for a starter. I also recommend my friends if someone wants to join bitcoin world then coinbase should be the first one and then moving to multi-sig or hardware wallets. I have been testing a few and have become a big fan of hardware wallets. If it's a BTC address you will be using activly it is honestly the best bet of keeping it safe. With using a hardware wallet it's pretty amazing on some that even if computer is infected it could make a transaction and not be compromised (if used correctly). Also some of them can be tied with an android wallet which I have played with some. So even though your using your mobile device key is still on hardware wallet and it signs transaction on hardware wallet. So you can send from anywhere if you have a android phone and still have the security of a hardware wallet.
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If it is coins you need access to and are actively using I suggest hardware wallet. They keep the private key off of computer and sign the transaction on the device. So it is very secure. If used properly even if infected you are still safe with a good hardware wallet.
Other option is if you are not going to touch them at all look into paper wallet. You can monitor the address online and send it, just keep private key on paper only. Again it is if done properly, if not your insecure.
Those are best two options I think.
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Yes, from signature campaign and I also sold a few accounts I don't get this. Do you create several accounts here on this forum, use those for a while, meaning leveling up and then you try to sell them? Is this really allowed? This seems to be extremely time consuming if it is done as I wrote. I don't know if he meant that, but what you described is allowed for sure. Check out digital goods section, it has many theards where people are selling bitcointalk accounts. I'm not for account selling even though it is allowed. A lot of them end up being for signature campaigns. They think they buy a certain rank they will make X amount of money off of it. That seems to be biggest reason in digital goods. At end of day these users I think are more likely to spam and end up banned. Also the person farming is putting in a LOT of time for not much money if they do proper posts. Some are horrible if you look at them and 1/2 of posts are in offtopic and just enough to level up each period. So some farmed accounts are easy to tell.
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Yea I hit at 1008 which is sort of on the unlucky side.
Even though you got your legendary rank just in time for Christmas I guess Santa was trying not to give you an early present Do you feel empowered now that you are one of few? No I feel the same lol I felt the same to. By the time I got to legendary the title does not really define my account I don't think. It's a nice bonus to be legendary but at end of day there is nothing extra I was able to do that I could not at Hero status. So nice bonus yes. Anything different... no besides realizing how long I have spent on board which at this point is a sizable amount of time.
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Wow, thats a real big amount of money for only 25 gh/S :/
But at the time that amount seemed huge compare to GPU's. So when people looked at it seemed like a good idea. It is crazy amount more efficient then GPU's on mining BTC. But as we know BFL just did not ship for a long time, so this caused huge losses on orders. And it follows pretty much all miners they sold they were late, and were not really truthful. So anyone invested there most likely lost big.
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I actually PM'd ASICSPACE last week and offered him the opportunity to increase his sales by way of me stopping telling people the facts about how his place is a ripoff, and my compensation for this service, which could ultimately increase his business, would have been 2 BTC. He offered me a discount on one of their hosting plans. First of all, I don't have any ASICs, and second of all, I sure as hell wouldn't send them to him if I did! He didn't even offer me a tiny fragment of a BTC, claiming he couldn't afford 2 BTC.
What an asswad.
So you saying you tried to blackmail them into paying you? That is pretty lame to say the least... to ask for payment to stop you posting info. If you had lost money on it then I could see it.... but not losing money and trying to force money just is bad. I am really surprised you posted about this. Do you do this to others as well?
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I am new to the cryptocurrencies, for xmas I got two Avalon nano block erupters and using a raspberry pi that will run the block erupters, the pi is running rasbian with all the updates. I downloaded the bfgminer from github, and this is where I have come into issues, the Nano's are not being detected in the miner. I have tried activating each group of drivers that is build in bfgminer and nothing seems to be working. I am at a lost on what to do to get this erupters working. When use the command lsusb the erupters show up. So why cant bfgminer find the erupters? Has anyone else had this issue? If so can you help with this issue. Thanks
You mention Avalon nano's in thread title and at start of post. Then switch to block erupters, which usb stick are you mining with? This could be your problem if your using Avalon nano's and using block erupter commands... they are not the same. So would cause issues and probley not detect like you mention.
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first off what country are you in? or if in usa what state?
second how cheap is cheap power?
third how much power do you have?
fourth how much room do you have?
fifth 120 volt or 240 volt?
lastly what is you ability to handle noise?
if your power is 2 cents or less and you have lots of room s-3's are okay but 9 s-3s = 1 s-7
and 9 s-3's would use 3 antminer psu's
while and s-7 would use 1 antminer psu so if you pay 90 usd for an s-3 9 x 90 = 810 and 420 for psu's = 1230
while 1 s-7 is 1200 + 140 = 1340 that is not a lot of savings for the 9 s-3's
I bolded Phil's question's as they really are something you need. I would also add make for sure you get correct electricity price with taxes and fees. If you get off website and not real bill you might not get it right. Others saying ROI math is important is very true. The best I think is on bitwisdom: https://bitcoinwisdom.com/bitcoin/calculator it allows difficulty change which is far more realistic then ones that just do current period and times it out. But as far as one to do it with I would go batch 8 or 9 of S7. It is currently lowest price. If noise is a issue then I would look at Avalon A6 there is a huge difference in noise levels. Also S7 with server PSU's adds even more noise.
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Walked past and noticed mine were not hashing. One needed a little adjustment but I'm back up.
Almost forget to check these compacs are so reliable with my RPI.
I've got one that seems to be going zombie .. which causes all of them I think so kinda a pain. Guess I did not get voltage right. Back to trying again it should be up soon. *Edit and it's back up
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I could be lucky but B8 I have still has no issues hashing. I have kinda took it easy on it, no OC or pushing. Don't know if it matters but using the Bitmain PSU (should not matter).
Only thing that was it seems they truly did mean +10 on efficiency when they put it. So it had a lower efficiency with lower chips, but guess that is not a failure.
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Are there any statistics on how much bitcoin miners spend, in general? Even very rough calculations. There's this one, but it seems pretty inaccurate and out of date: qz. Most of the biggest operations are private so they don't have to release numbers to public and never will. So getting accurate data is not going to happen. Only rough estimate would be take hashrate and use a certain efficiency chip. But you can't really do this as so many different miners out there, and price of electricity varies so much. So it's a impossible task on getting right.
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dont forget that in 2016 btc income from mining will be half
but the value will be also very high, the current value already is about 100% more than what it was, so easily at this point will not count anything, incomparison when we were at 230 The price of bitcoin is not certain to rise. That is just a speculation. But the blockreward is going to halve, that is certain. the point is that because of the certainty that the block reward will be halved, you have also somehow, the certainty the that price will increase otherwise it's like saying that bitcoin is doomed to fail at some point The only thing I am worried is I think some of the huge operations likely if cut in 1/2 still could operate in profit (like Bitfury if they have the gear we suspect). So there are likely some big guys with electricity so low they can keep going where normal electricity people will be left behind. We have a while that I hope to see bitcoin slowly build up value. But if it does not I fear big players still can mine and little guys will be stopped.
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Well, I dont disagree. I just meant that: ...so you start to compete against your own hashrate.
this is always the case. Even growing from 0.5% to 1% of the networkspeed. Those additional 0.5% are only 0.4975% worth then . This goes on and on as long new or better gear hits the network. Yeah it can be hard to be fully clear on the net without crazy long posts. You are correct that from .5 to 1 you pay penalties i agree with this completely.. But there is also the factor of being able to produce asics at cost vs us who have to pay retail.. So the difficulty for manufacturers to increase their share is not nearly as difficult as it is for us.. We are at the short end of the stick on this one Best Regards d57heinz yes they make them cheaper then we buy them. the only saving grace is power and cooling come into factor as cost. if you go back a look at all the super players since asics came out. there were 3 asic miner friedcat knc bitfury all were self mining with more then 20% but not much more then 30% they all faced the rising cost I am mining against myself issue. so all of them never really got much over 30% even if they could. the gain in actual fiat is not as much as one would think. so right now bitfury is going to slowly add to match its 25-30% share. If knc and others do a big farm it may be in early feb. I hope for 2 good jumps here. I would also add Innosilicon to major players their A1 they sold ton's of chips. There were lot's of 1T and eventually higher TH models. I still suspect in some low priced data centers in china you would find these. Also bitmain does not make it as noticeable with having a big pool. But I think they have to be on list it's hard to tell how much of antpool is internal, we likely will never know.
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Assuming you are paying for the fuel, the bottom line here is what does it cost to generate 1KWh in a car and how does that compare with your local Power cost? I have no data but my bet would be that it is several times more expensive in the car? A bit of data from the net for a Diesel Generator shows 20KW generator at 1.6 Gals / Hour at full load. So if we take a Gallon of Diesel at $2 x 1.6 = $3.2 for 20KWh Off the grid at 10c / KWh = $2 for 20KWh This is of course for a generator, car could be better or worse? However it's much closer than I expected, so perhaps I have got the data or the maths wrong? Rich Diesel I think you have too low. I don't even think you can get offroad diesel for that price. That is first part I would check. Other thing is cooling how are you going to cool it? Say it's in trunk it might be insulated enough to block noise, but it's going to get hot. And it's pretty hard to do a temporary mod for cooling that is realistic on a car. So I think it still has some problems in idea.
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So I'm trying this Miner Pro app on my phone just so I can get my feet wet and learn a little by doing. I was just wondering what would be a good pool to get set up with. I'm guessing that I would be best setting it up on scrypt mode and mining LTC, DOGE, etc but wasn't sure if there were certain pools that are better for this? Any help would be appreciated.
Are you saying you are trying to mine on your phone? If so very bad idea... you are going to push your phone and it will get hot most likely it's not designed for 24x7 being pushed. GPU and CPU mining are done it just does not make enough money. I suggest looking into asics if you truly want to mine, and look at BTC mining as it is best to start off with I think.
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Haven't received a payment since 12/21, looking forward to seeing everything functioning nice and smooth again
Don't worry you will receive it soon if you didn't, if you can see payments started already so it will take a while to finish them all. https://blockchain.info/address/16pe2twTgrjKC8mioPjX3f2UbCMGvWbVz4I make it taking a while after paying to avoid any Service problem (from blockchain or Bitcointalk). Bitcoin Boy. That's just awesome to see the payments started again... Can you also update us with the new bot's address if it's complete now??? Just so curious to see the new bot in work... will do so once payment are do to not confuse, and focus on important tasks first . Bitcoin Boy. PM sent thank you for your all the work. Nice to see bot working. It got PM/email but stat page does not say it yet. I sent PM it appears it just paid one week even though it was almost 2 week's worth of posts.
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How safe is it to store bitcoins on a place like coinbase? I know mt gox went down is it likely something like that could happen to other exchanges?
Coinbase is very safe, they even have insurance that should protect investment if big site hack (it does not protect individual account's though if lost do to you). So it has that with Mt Gox never had. Only problem with it is you have 0 control outside of coinbase. You won't get a paper wallet or private key you can enter into a different wallet and use your holdings. Your stuck there if there is any problems. Wait.. So if I am reading this correctly, if I exchange cash for bitcoin through coin base it has to stay in coinbase? I couldn't send the coins to another wallet that I have? Coinbase does not give you a private key for address you use on it's site. So if you leave it on the site you cannot use private key and import it into another wallet. They do this for safety as a lot that use it are pretty new I think. But with a lot of other options you have either seed words, or private key that you could use to import address into a different wallet. I like ones where I have the private key. I mostly use hardware wallets which keep it on it, and give seed word's to backup. And paper wallets which are cold and not touched.
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