looks like the difficulty increase may clock in under 1% - needless to say im pretty pumped about that, though my mining farm is below capacity due to a lack of hardware prices worth purchasing
yeah I have 6 s-3's with the jump at Bitcoin Difficulty: 34,661,425,924 Estimated Next Difficulty: 34,889,768,997 (+0.66%) Adjust time: After 54 Blocks, About 8.8 hours from: https://bitcoinwisdom.com/bitcoin/difficultyand price up to 367 usd. I kind of wish I had more of them. but I did convert a bit gear into btc and held the btc so the price rise from 299 to 367 feels good. |
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We had a drop in the hash rate for about two weeks. That's why it's taking slightly longer to get the required number of blocks. Then the hash rate went way up. No idea why. Maybe one of the big mining farms was doing an equipment upgrade and shut down for the changeout. The difficulty adjustment tomorrow will probably be 1-2%, much smaller than last time.
I wonder if the drop was when Butterfly labs was shut down by the US government but then given the ok to run limited again. Maybe their server farm was down for that time but is back up now. that may be some of it. also bitmaintech shipped s-4's so they stopped mining in china and are now starting back up around the world. |
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Was hopping for a drop in difficulty too, but I don't think so..
yeah a 2% jump is looking good. |
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hi Friends,
I need some information regarding Crypto coins USB miner. I am intending to purchase a USB miner for Coins like Bitcoin or Dogecoins etc. here is some of major questions for me as mining beginner..
- What is average speed for that USB miner?
- I have budget of $100 can I get good one?
- What electricity it consumes? (in vats)
- How profitable it is?
If I am keeping that active for 12 continuous hours, with or without joining a pool the how much coins can I earn in a day (Bitcoins or Dogecoins or Latest Crypto Currencies)
- Should I go for it?
Thanks in advance..
you can buy a larger miner for 100 bucks from crazyguy. https://bitcointalk.org/index.php?topic=612390.0pretty good item. if you have free power it is worth a shot. it uses about 130 watts |
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I haven't been reading this recently so Im wondering - is Stunna setting up a new pay per post campaign or a set amount per month campaign?
You could've read two posts up from yours. I still think this thread should be locked. It's unlikely any staff will join and I'm sure they all know about it already without this thread reminding them. I sold my spot for a flat rate. I will give the new renter 200 posts a month minimum. I will See how it works out with him. |
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do you realize you can make your pools 1)nicehash 2)westhash 3)btcguild nicehash and westhash are separate but equal . they are the same company. use the same btc addy for payout. set nicehash via the password at p= 0.0129 set westhash via the password at p =0.0127 then use btcguild better yet use solo.ckpool.org and go solo as the third choice. https://bitcointalk.org/index.php?topic=763510.0I happen to use the solopool on top and I use lower thresholds on westhash and nicehash since they are less likely to be higher then the lowest buyer of hash.  |
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Is this the UK group buy? If not please can you direct me to correct thread.
Also is this information correct?
ASICMiner Prisma
1.4th/s (Mining Bitcoin)
Cost = 1.47 BTC
Power = 1100 WATTS
Thanks
James
crazyguy is usa based. if you are in the uk your cost will be a lot more then 1.47btc as shipping and vat will hurt you big time. |
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THANKS! Wow!. So it looks like everything before this summer is more than 1 J/GH. Assuming all in operating cost of 0.10/KWH, that means they are already negative on power or (1J/GH) go negative in December (assumes 10% difficulty bumps). Think about it. The capital investment made in Apr-Jun quarter by the big miners is obsolete in 9 months. This is not a viable business model at $300 BTC. IMHO, BTC prices are dropping because some large miners must sell to keep the lights on. That is a vicious circle. People who believe in BTC are going to hold while the miners dig themselves into a deeper hole. I'm increasingly convinced new capital will stop flowing into new hashing capacity and difficulty increases will slow, perhaps by a lot. you do realize a builder such as asicminer can build a long tube doing 1.4 or 1.5 th for under 200 usd ? in China he can get low cost power at 6 cents or less. you do realize bitmaintech stopped selling the lower priced s-3's because they can build a farm at 225 usd a th. hashnest is its name. |
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The question doesn't really make sense because there are several layers to the cost. Do you count only the price for the manufacturing of the chips and electronics? If so, realize that the bulk of the cost is actually a one-time sum for development (NRE) which can be millions of dollars independent of how many chips you eventually produce.
And of course, even combining both of these, a company can't just sell the chips at cost and survive economically, there are other costs like wages, administration and bureaucracy, taxes, advertising, shipping, etc.
yeah i need, as you said, both of these, chips + other costs, i do not need exact price, i need an average estimation. johnny bravo gave you an answer. asicminer long tubes sell at 300 usd a th well now at 340 usd a th. you need buy 10 x 1.5 = 14-15 th and you pay 14.7 btc .. If asic miner sells that retail price of 1 btc a th divide by 2 . 5btc =or 150 usd maybe 200 usd. go further and say they get 5 cent power and say you get 5 cent power same gear you pay retail asicminer running 1th at the wholesale price they turn 150 usd into 309 usd  you running 1th at the retail price you turn 300 usd into 309 usd  you can beat the edge the have. of 150 a th vs 300 a th with really cheap power 2 cent vs the five cent I used above . see here  |
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Phil, you in AC playing craps to come up with that analogy?  not since I joined a program. |
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still resisting the temptation to get one. not sure if i can hold out much longer
Give in Phil. You know you want to. Ha ha I am amazed he has held out this long honestly. Phil you know you can not resist new fresh hardware...can you almost hear that loud fan calling your name? other then spondoolies and bfl I have owned just about all the gear ever made. I am now at 6 s-3s. and a bunch of coins. just waiting a bit maybe oct 15th i will buy one. I am interested in some S3s if you are wanting to sell some/all of them.  maybe next month |
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still resisting the temptation to get one. not sure if i can hold out much longer
Give in Phil. You know you want to. Ha ha I am amazed he has held out this long honestly. Phil you know you can not resist new fresh hardware...can you almost hear that loud fan calling your name? other then spondoolies and bfl I have owned just about all the gear ever made. I am now at 6 s-3s. and a bunch of coins. just waiting a bit maybe oct 15th i will buy one. |
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back from helping to nurse my sick brother-in-law back to health. Real world stuff sucks much nicer typing away on site. and on : https://bitcoinwisdom.com/litecoin/difficultyBitcoin Difficulty: 34,661,425,924 Estimated Next Difficulty: 35,474,047,220 (+2.34%) Adjust time: After 246 Blocks, About 1.6 days Hashrate(?): 271,806,654 GH/s and on http://bitcoincharts.com/Difficulty 34661425924 Estimated 35000997201 in 246 blks about 0.97% You might want to fix the bitcoinwisdom link.  fixed |
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Great thread.
So I had a chat with a 40 year veteran of the US Electric Power Industry over the weekend and based on what he was telling me, getting power in the US for under 3 cents sustained is next to impossible. You can get it in shifts, during off peak, do peak shaving and other tricks of the trade but here is the bottom line, at least in the US:
Generators will make more selling into the 'market' and to the ISO's even if it means taking generation offline. The example was that if a generator can generate power at 1 cent per Kwh and a miner came to them with a 40MW requirement and said they would pay 2 cents (100% margin), the gerator woul turn it down because they can get 7 cents per Kwh in the market someplace else. There are a bunch of other regulations that add to the reasons why buying direct can't or won't happen anytime soon.
I asked why not build a power plant and plug in a data center/mining operation into it and get a direct feed - regulation and the fact that you would need to have two generating plants for redundancy and your costs double. If you had grid tie in or wanted grid tie in to sell excess or to provide back up load, the regulations REALLY kick in and are prohibitive.
So the notion of continuous cheap power is a notion, at least in the US from what I was told, again from a guy who remembers the first NERC and FERC meetings.
The second thing I just looked at was hash rate to difficulty ratio growth for the last 6 months and the hash rate has gone up 5.5 times in the past 6 months while the difficulty has risen 4.3 times according to the data on blockchain.info I looked at. So the hash rate is growing ahead of the difficulty still, which leads me to believe that is a good thing and money can still be made but you need to go big (decimegawatt scale, 10MW at a time) and throw as much hash rate while the difficulty slips... Right?
the idea in bold is wrong. basically the current diff number is a 'real number' any and all hashrate numbers are guesses and estimates. the next diff number will be based on the time it took to do 2016 blocks (maybe 2116 as I had a beer or two tonight) so the diff number is always a true number and hashrate is a guess based on how fast you are making blocks. Think of it like this. box cars or a pair of sixes with dice are a diff of 35 to 1 . So if I had 1 guy toss 1 pair of dice 10 times an hour it will take him a while to toss 'boxcars' or 6 + 6 . with normal luck it takes about 3.5 hours or 36 tosses to do it. but if that guy tossed boxcars on ten tosses in a row. he would do 10 sets of ' boxcars ' in 1 hour . it would make you think they were a few more guys tossing a few more pair of dice to get that many 6 + 6 tosses in only 1 hour . your hashrate estimate would be very high |
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Great experience w/ the Tube, I'm in for one (1) of these also.
TxID: f550e835b41ffad1ef3145330aff8489dfe287a216a53b73db44a57a5f905616
still resisting the temptation to get one. not sure if i can hold out much longer |
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back from helping to nurse my sick brother-in-law back to health. Real world stuff sucks much nicer typing away on site. and on : https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 34,661,425,924 Estimated Next Difficulty: 35,474,047,220 (+2.34%) Adjust time: After 246 Blocks, About 1.6 days Hashrate(?): 271,806,654 GH/s and on http://bitcoincharts.com/Difficulty 34661425924 Estimated 35000997201 in 246 blks about 0.97% |
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... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.
PLEASE!!! Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed.. The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice. Have you tried looking in Washington? Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE?? http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_aMaybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates. Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak... Well if you purchased 3 coins under 300 usd this weekend and they are now 340 usd. you could argue buying 2 long tubes for heating works just as well as buying heaters. since the long tubes are 100% btc price. I can get 2 for 2.84 btc from canaryinthemine . so I can get about 3th for under 600 usd . that is 20 cents a gh. Here is the bottomline some miners can do a bit of home mining. But home mining of btc will not ever be great as it was in NOV 2013. I believe that if coins jump to 2000 diff will skyrocket because Asicbuilders can add lots of hashpower quickly. |
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Sorry for the lack of updates, before anything was posted, wanted to make sure everything was in order:
There are several options from where we can proceed with this GB, and everyone will need to make a decision.
First point: All the X3s for this GB are in the US, with the first half to be delivered today, other half tomorrow/wednesday.
1) If you have either 25 shares / 50 shares, you may elect to keep 1 module/entire X3 for yourself, either shipped to you or hosted by us.
2) Stay in the GB. We will reduce the Colocation fee to $199 / month per X3. They will be up and hashing by Wednesday, OCT 8th.
3) Refund: We now have the option of refunding everyone (if they so choose) BTC on BTC what they paid in, with no fees or anything this time around.
Those are our options at this point in time.
If you would like to stay in the GB/Recive a unit directly for your shares, please PM ME:
-Forum Name
-# of Shares
-Original TXID [to prove ownership]
-Stay in GB/Receive Units Decision
If you would like a refund, please PM me:
-Forum Name
-# of Shares
-Original TXID [to prove ownership]
-Original # of BTC paid
-Address to refund too
Any PMs that do not have all this information will not be processed, and any tickets submitted to our support system will not be answered as well. You must PM me the requested information in order to have anything done.
Refunds will be processed starting today.
sending a pm for a 5 share refund need to find all info I sent in a pm for order numbers 685 = 1 share 1151 = 1 share 1259 = 1 share 1270 = 2 shares |
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