I bought a few cheap USB miners at the hopes of getting lucky.
Maybe one of these days I will wake up and have 25 BTC sitting in my wallet.(One can only hope) lol
It is like a lottery ticket, I dont expect to get anything out of it, but it could happen.
It is however, very impossible since the difficulty is so high. You will need extreme luck to even get a block. IMO, you are wasting a portion of your electricity. you do not understand the math involved. if you did you would not make that statement. the math is very simple. here it is if your gear is efficient enough to pay for power ie right now about 1 watt per gh is perfectly fine. you should solo mine on a pool like bitsolo 1 out of 15 days or 20 days. as long as your gear is beating the power cost it is like getting true odds on a 4 digit number. here is why. a 1th miner at 1000 watts and 15 cents a kwatt should earn .02904 btc in a day . so if you run that machine for a day it is 24 k watts or 3.60 usd and the coin it would have earned in the pool was .02904. Since running the 1th solo or in the pool cost the same 3.60 . your extra cost of solo is the .02904 you did not earn in the pool. so you spent 17.89 usd to try your luck at getting a solo block. divide 25 by .02904 = 861 to one I rounded. so your chance of hitting 1 block is 860 to 1 if you mine for 1 day at the current odds. if you lose you lose 17.89 if you win you get 25 btc or 15375 so the math is you get about 860 to 1 for the bet…… so you are getting odds exactly equal to being in a pool. eventually if you do it you will make out since you are playing the same odds….. |
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Enjoy it while you can. I'm guessing the next difficulty increase will be somewhere in the neighborhood of 7-8% and then it gets worse from there.
I figure the next 200 days are about 13-15% avg. Now that does come up with interesting numbers. At 13% 200 days from now we are at jan 30th 2015 diff would be 108g or 6.25x the diff now and the hash power would be about 750ph _______________________________________________________________________________ _________________________ At 15% 200 days from now we are at jan 30th 2015 diff would be 141g or 8.15x the diff now and the hash power would be about 978ph at 15% diff your gear does not pay for power if it burns .8 watts a hash at 10 cents a kwatt with btc at 623. Now the s-1 took about dec 2013 to july 2014 to drop from 4,000+ to 150+ in usd and not worth running for a lot of miners. If you have an sp30 and it gets .4 a watt at the best watt to hash it stops earning at day 271. but it is due to mine in 60 days while the s3 is due to mine it 3 days. I don't see avg growth over 15 %. but I am just guessing here. |
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Any expert miners out there able to supply any advice in this area?
your power cost is important. if you want 750gh you can buy 2 s-3's from bitmaintech but you will need BTC if you do not have BTC here is a reseller link. https://bitcointalk.org/index.php?topic=682528.0he takes amazon payments. you will need a psu and you will need an ethernet connection. if you want a new psu there are multiple ones to pick. buying 1 s-3 gets you 400 to 441 gh cost 470-500 usd a psu can be 80 bucks here is a link for one the deal ends soon. http://www.newegg.com/Product/Product.aspx?Item=N82E16817151137 |
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So I would imagine in batch 1 there is no point in using 4 pci connections.
no in fact this batch may like under volt and under clock . maybe 400gh and 240 watts. my gut tells me batch 1 will prefer the lower then 441 they claim it will do. 400 gh at 240watts will make roi in 140 days if diff is 12% initial numbers were: 390W-504Gh 366W-478Gh now 340W-441Gh BTW, the table that i have seen does not have values corresponding to 441Gh I saw 0.72V for 14.18 Gh/s per chip=453.76GH with 240W power (0.528/Gh). i don't think these chip characteristics can be very different, can they? What was a point of publishing them then? In addition-if I don't choose anything (coupon/rebate), then 10% coupon will appear automatically, right? I red somewhere that we have until July 22(around that date) to use the refund option.After that you will be stuck with the 10% coupon. Well I am waiting for batch 4 to open. Hopefully I can have more info to decide this. Like the price for batch 4. the price of a refund 7.7% x 1.5 = . 1155 btc what is the coupon worth 10% off batch 4? or 10 % of .75 the batch 1 price. or 10% of 1.5 the MOQ or 10% of all you purchased. Lastly with any luck my gear will arrive no later the monday the 21st giving me the time to see how it works. And since some say they get gear on thur the 17th maybe I will be able to read about under volt - under clock proccedures. Here is an opinion : under volt - under clock will be better then oc of this batch If it proves that these work nicely at 400gh and 240-270 watts .. I want the coupon and I want at least 2 to 4 more. |
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Just got the call from UPS. My S3's have been shipped.
Thanks Bitmain!
glad to read it. Mine have not shown up as of yet. |
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So I would imagine in batch 1 there is no point in using 4 pci connections.
no in fact this batch may like under volt and under clock . maybe 400gh and 240 watts. my gut tells me batch 1 will prefer the lower then 441 they claim it will do. 400 gh at 240watts will make roi in 140 days if diff is 12% |
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yes there is a seller that takes amazon payments. you can use your amazon cc and get a discount he sells one for 500? maybe 470? I will find his link for you https://bitcointalk.org/index.php?topic=682528.0he should be safe. when you get it. mine 1 day out of 10 at www.bitsolo.net and mine the other 9 days out of ten at your favorite pool. If you need a psu I have a few extra ones and a I have some cables. My psu deal is very good if you decide to get an s-3 |
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well if they allow you to purchase with a cc or paypal you have 45 or more days or protection. So if you can buy with credit why worry?
I will tell you one thing all Zeus chipped miners suck power bigtime. They may not own them and they may be mining with other gear.
You need to ask your self what kind of cc/pp protection do I really have if I buy this.
I used to order thousands of dollars in gear from gaw miners. I stopped I now order from zoomhash.
frankly the ltc/scrypt coin world is in for a shock.. asic gear keeps getting built and sold . via cc/pp thus making fearless buyers. I am not sure what to think prices are going to do. I wish I did not own 12 gridseed blades but I made my guess so I will see how I do.
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So I clicked on the 10% coupon choice, but now when I click on my coupons there's nothing in there. Where's the 10% coupon?
It is under 'My Applications' My miners == not shipped  For those who have shipped, any chance on getting the 'create time' of your order? Out of curiosity...  Mines are not shipped in their system (Bitmaintech), but it is when i look into UPS.com.. Mine is 2014-06-30 14:45:34.0 I checked ups.com but no results as of yet. I'll be patient. My order was 2014-06-30 14:31:14.0 .....shouldn't I have been shipped 14 minutes before yours??  DATE: 2014-06-30 14:17:30 No shipping info on UPS yet BTCBTCDoubleDD Showing shipped in UPS with Thursday delivery. Created: 2014-06-30 14:10:01 Paid: 2014-06-30 14:57:39 Think they might be going in order of payments hitting. my payment was close to yours. I will check the time it cleared. Received Time 2014-06-30 14:19:16 Included In Blocks 308619 2014-06-30 14:55:45 +36 minutes) I have no shipping info |
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I emailed Bitmaintech regarding the coupon/refund offer and here's what they replied:
1. How long do we have to decide whether we want the coupon or the refund?
A. before July 22. if no action before that, we'll offer the coupon as default
2. When do the coupons expire?
A. coupon with a month validity
3. When coupons are used to purchase is it one coupon for one S3.
A. one coupon for one S3
4. Is the 10% discount based on the original purchase price or the price of S3 being purchased.
A. based on the original price what you have paid for it
I was a little surprised by the last answer but also pretty happy.
What I don't understand is why everyone is always complaining that Bitmaintech never responds to them.
This is the 3rd email that I sent them and received a reply every time.
And no, I never asked about shipping dates. I didn't want to take the chance of not getting a reply
Ok everyone have fun.
love this guy nice style well, i saw some users trying to shake off all the buyers  tired of this kind of users... FUD FUD FUD if its happening like he said... then he'll acts like his opinion is the best of the best in this forum, etc... if its not happening... then he wont brought it up anymore... like hell, IF U WANT TO FUD, NOT HERE DUDE... want to seek REPUTATION? also not here DUDE... no one will believe u... all users here also experienced in BTC world not only you... so they'll believe their guts, not ur guts Scream all you want, BITMAIN still replying and responding us i also dont know they'll ship it or not, but we can only wait... what'll u get even if u're screaming about "not shipping ontime"...bla...bla..bla..? nothing...right? so just shut up and calm down... Cheersss  you know they updating shipping dates a couple pages back yeah? take a look first dates were 10 -20 new dates are 14-17 for batch 1. So it is about 8 pm july 15th in china they are not late. they have 49 hours for batch 1 then they would be late. since the update says shipping will be done by july 17 for batch 1. well at least my dragon miner gets a lower hash rate for a little longer. |
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to those that applied for a refund on batch one please let us know when you get one.
Also It is late I had a few beers and I am tired . I think I will crash and decide what to do on tue around 9 am. eastern standard time
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Not exactly. OP still wants to have half of the usual revenue when he doesn't find the block lol.  Well, OP just needs to split half his hashrate to solopool and half to a more usual pool. Over time it'll average out to the same thing. yeah that is the best solution for him. I do 1.5 % to bitsolo.net and 99 % to btcguild. Please share this method for achieving 100.5% of your hashrate? auto correct ? rounding error? 15gh and 1020gh hmm lets not be lazy 15/1035 = 1.45 percent 1020/1035 = 98.55 percent I am getting 2 or 3 s-3's . I plan to use one at solo and the other one or 2 at merged pool like bitminter. I would then be at 500gh solo 1500 gh mergedAck, it's been weeks now and you're still using the word "merged" wrong! There is either solo mining or pool mining*. Some pools also merge mine alt coins. "Merged" and "pool" mean different things. The words are not interchangeable. * there are also solo "pools" but they aren't technically real pools since you aren't actually "pooling" your resources. They are really more like solo mining gateways.
I coined merged pools to be differential from solo pools. I do understand you, but if bitsolo.net and solopool.net call their selves solo pools I don't I know what to call the 'normal' pools. using solopool.net or bitsolo.net we are using a pooled server that rewards blocks to the block maker only. |
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If you make significantly more than 400 posts how many posts do you report? The true amount?
I did 510 so far. I will put in 400. |
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Hadn't thought of trying via ssh
Just tried via putty, and no joy. It says that the connection is refused
How do you mean by hacked and power cycle?
I've rebooted at the PSU every time it goes idle now as I can't reboot via the web gui
Silly question: are you sure you used the correct port for the SSH connection when trying to hit it with putty? It seems odd that you can't get to that miner by either the web UI or putty. Do you have it set to DHCP? Has it picked up a different IP address? I have to think the setting got corrupted just a bit. say 192.168.1 .155 and it was 192.168.1.156 if the only change was 155 to 156 it would mine and he would not be able to find it. he should scan his network. looking for an unknown address. |
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Hello all, so I've created an account and ended my bitcointalk surfing. Anyways, my father is interested in mining from a investment standpoint. I will post in "Mining Speculation" about the ROI and profitability in our new side project so keep your comments hardware based please.
We are doing our research but I have always found the best answers are from those with the most experience. We want to create a revenue stream from mining with an initial investment of $30,000 USD. The parts need to be able to scale to a higher mining capacity once things start up and running with success. Of course, we need to be realistic here and make sure this will be worth our while.
I'd love to hear your perspective on the situation and any advice on different hardware we can use.
Thanks,
Alex
First question what is your power price? Second question what is your power capability? Third question is what type of place will you do your mining in? |
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okay I am set at 0.1
do you want it to be lower?
I can set at .05 >
by your request I will do that.
I made it .05 for btc and .2 for nmc
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For those who don't have cheap power, how long do you think these S1 are going to stay on for?
The clock v. power curve would be interesting
remember down clock under volt gets you 140gh and 180 watts that adds 2 diff or 3 diff jumps of life. |
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look into all your miners use a scanner http://www.advanced-ip-scanner.com/find every address you have. then try to get into the miner. also try a different cat 5/6 cable to it. aslo try a different jack in your ethernet switch |
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Huge jump coming soon, 20% at least... Rockbox and s3 is coming..
They already have them running as they are testing them so it will probably be way lower No manufacturer can burn-in test their entire production batch at once. They would need access to a massive, massive datacenter just to temporarily test the new ASICs before shipping. More likely they simply fill a smaller datacenter the machines that first come out of production, test them for a period of time, then ship them out when the next batch arrives for testing. So when you think you're seeing jumps in network hashrate due to ASIC production, you're only seeing a small part of the total production that arrives for testing and then ships to customers in waves.Or it could all just be lady luck. 3 days of 20% luck could have lead to the 25% increase and a week of bad lucky could have lead to the minimal increase. Certain pools are not willing to release it's hashing data so it's difficult to asses this. luck could cause +- 10% so a 13% true jump could be 15% for the high end and 11% for the low end. along with the summer's heat and power hungry gear being shut down. I just don't see diff jumps above 18% avg. my guess is 10-15% avg for the next 5 jumps. |
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