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For myself I am locked into ritz. I have made 50 to 100 posts each week for more then a year. I now have about 300 posts for May month under my ritz contract. so leaving would be foolhardy as I would lose more the .339 btc. 1 week payouts are not unfair but they will create a lot of skipping week to week.
For me if I were to switch I would need wait until June 1st or 2nd. ritz was smart starting a 1 month setup up and not a 1 week.
I do question 1 thing about this campaign why did the op do it on may 20th and not may 30th? If he had done a may 30th startup he could have sniped a lot from ritz come june 1-june 2.
My self I will clock this thread and decide if I stay with Ritz come June 2nd.
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Josh, In response to your question, though probably not the answer you seek, I have this to offer you. Don't try to be the best in "scrypt-already-way-too-competitive market", but keep maintaining the ground you've gained, and let's dominate in another. You'll end up going broke if you keep trying to keep everyone happy as zeus keeps giving their customers more and more. don't abandon your path, just take the 'fork'. haha. Develop the first x11 asic miner, and don't be stingy with hashes, give massive hashes for the first x11 asics, leaps and bounds beyond the other x11asic makers wildest dreams. Most importantly: Beat the chinese to it. That will change crypto forever, the way you want to. Be the Apple or Intel of its time. leave your impact as a crater.... there's your cash cow and the solution. You're potential reputational rewards will help your scrypt asic efforts as well. That will make you the 'best'.... in x11... also, no competition automatically makes you the 'best'.  while it would be nice it will get copied by the Chinese and sold cheaply. So the edge you get won't last very long. Mining is tough look at a company like bitmaintech and the great ant miner s-1. Still viable came out in dec and it is now may. 6 months . pretty good. here is some advice. make a miner that can have a legit second use as a space heater. Make it have winter mode. use the quietest fans so that someone will not mind it running in the living room/den while watching tv. I was going to run a contest this june for a space heater design for s-1's I may or may not run the contest as they just may not hash enough to be a good idea. but if you had a 500-1000 watt miner for scrypt with: good price good hash per watt. good looks quiet fans no cut your finger fans anti- shock safety let it drop on sept 1-oct 1 no preorders. you can sell it as a heater/miner and make it appeal to the spouses of people like me. My wife likes the warm tv room in the fall -winter -spring seasons. my wife uses spot electric heaters. so I can sell here on a miner that does this. |
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sent a PM going have been debating on one of these miners for some time now can't wait to check one out.
with the summer coming having him host for me has been a good move. He has done a good job so far. But will it ROI? I'm itching on investing but even the S2 group buy @ 1650$ seem to ROI in in around 140 days and make 0.7 profit this year if all stars align. Calculations made from 1 June, 2000$ VAT included, 500 BTC price and a 10% step increase. My worry is that it will never be profitable again. Sure the BTC can go to 800$ next month but I doubt the manufacturers will not increase prices. Everybody wanted "in stock" gear. Now we have it but low risk = low reward. mining is a grind . yeah I got some magic in the bottle a few times but most of the time it is grind away. Hope when you jump in to mine that 1 day after you get the gear btc goes up.. and to those that say buy coins instead I say do both as each one has different tax rules in the USA. This deal is good but will not make money with out a price jump. I got in at 400 usd a coin now coins are 495. I will come close to even if coins stay at 495 . If coins go to 600 I will make money. |
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So i'm a huge GAW fanboy but was caught off guard by losing all my hosted hash due to Blade upgrade.
I am certain that it was not stated anywhere on the GAW site, including checkout, that I would be without hash until week 3 when the blade upgrades take place.
Are you F*&^ing kidding me? 20 days w/o hash and without being told upfront?
I'm all for a good rant but you're way out in the woods with this one. It was clearly stated on the product page. Thanks for the link, I guess I out to lunch that day. It didn't see it :/ Everybody has their moments, that was mine. Ok, now this is awkward... I do want to apologize to Josh and GAWMiners. I really have been happy with my experiences with GAW and their support is second to none. I'm under a lot of pressure and when I noticed my hash was missing this morning I came unglued. Really no excuse to act out, I'm sorry. Josh & GAW, my bad. I lost my mind for a moment, I apologize. ... happy belated birthday?I almost made that mistake myself. But it was late at nite and I did not make the order. I am now waiting on a credit and will use it for some new miners or maybe hold the credit until prime project drops. |
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to thomas and to bob. you guys made money for me and you always treated me pretty well. I can see why other buyers are more angry then i am. as they may not have had any winning buys from you.
I read the update and I have only 5 shares left in this buy. As I read this it appears that we will be further delayed.
Hopefully june but as I said even if I lose the 630 usd I have here. even if I lose the 195 / 1.5btc in round 1 I will still be 3or 4 k in the black due to the r5.r6,r9-r12 gains that I made with the group.
So I will always take a look in on this r17.
To all those that got really stuck here I offer one ray of hope. 13.5 months after a complete f over from BFL they gave me a full refund.
maybe this will get better down the road. I never expected to see a bfl refund. So maybe this will hash in june and come close to paying off.
Good luck to all of us with money on Black Arrow as they look very dark in the sense of making any coins right now.
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Hey Everyone
We are about to issue a official press release about Coinotron.
I ask all of you to not mine at this pool. Their scale is putting all of us at risk.
why are they too big? |
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Ok...here it goes...
I am currently running 1.2TH in antminer S1's. For a variety of reasons (all legal) I have been presented with a situation where my electricity costs are minimal. (less than 6 cents kWh) The catch is that I only have 24U in a data rack with which to put miners in. The room is also air conditioned and sound is not a problem. So...the only limiting factor is CapEx (I'm no lottery winner) and space. It's funny you should mention Spondoolies because it would seem to solve my problem nicely. Except...I have found the PepperMining Habanero. I have run the numbers and I can fit 2 boards in a single re-purposed 2U server case complete with psu's and plenty of cooling, for a little less than half the CapEx of the Spondoolies. So 1.4TH vs 1.3TH in roughly the same space with a significant cost difference, minus the intangibles. (which might make a huge difference and I'm just too new to see them - i.e. who can you trust, who will be supportive, who's going to be around in 6 months time)
My question is...without being burdened by power efficiency, cooling or noise pollution, am I crazy to consider building up the Habanero's (which haven't even be produced yet) in lieu of going with a tried and tested Spondoolies (which is so highly priced that the ROI is scary, and delivery data is kinda iffy)? Or I could simply stick with the tried and tested Antminer S2 which is shipping in 48hrs and jam as many as I can in the cabinet and call it a day. (a bird in the hand)
Or am I missing something so obvious that you're all screaming at your monitors right now?
The pools' collected wisdom is very welcome
I don't see how you can recover your CapEx even with low cost power. If the difficulty keeps rising ~20%, you'll never earn enough BTC to warrant what you'll spend in BTC to cover your equipment costs. If you buy with cash and then BTC goes up significantly, then you can earn a return. However, you'd simply be better buying BTC at current rates and if it goes to $600 to $800, you'll make a much more significant return. The S2 is much more power efficient, but the cost is significantly higher than the S1's for the same Gh/s. You can get nearly double the hash rate by buying S1's. At some point though, you'll run out of power in your facility. buying coins is not bad or good but depending upon your location tax laws differ a lot. In the USA you can buy a coin today note the price you paid for it. Then do nothing in terms of reporting it as long as you do not get rid of it. In the USA if you are mining every piece of a coin earned needs to be reported when you mine it and when you get rid of it. So mining is more work on the tax end. Always hard to tell someone what to do. since coins are not that high right now. |
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sent a PM going have been debating on one of these miners for some time now can't wait to check one out.
with the summer coming having him host for me has been a good move. He has done a good job so far. |
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if you need an s2 coupon send a pm I have some I do not need.
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I have s2's do not need them. send a pm
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You can mine litecoins, but beware of power consumption if you are mining with GPUs (they are very power hungry)
I just re-read this - what hardware do you suggest that's a good hashrate/$ ?? If you want to mine litecoin or other scrypt coin, maybe you can find some used gridseed (lowest power consumption) at a decent price I am looking for that too, but I'm in EU and it's like impossible to do so. I think that now, brand new staff is quite overpriced (especially gridseed stuff at minereu.com). I've heard some rumors about project prime from GAWminer, that probably will change the standards in scrypt mining (like bitmain, before they launched their products ALL the asic market was based on preorders). Care to expand on that? I only know about the new series of miners that Gawminers is launching... project prime is in the rumor stage right now. best guess is a better method of cloud mining. I have asked about and no one has yet to tell me a clear picture of what it will be. So far I like GAW miners as a company so I hope they have a rabbit or two up their sleeves. |
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0.431 according to their site
So they dropped again and they get a fiat gain with that drop. .431 x 497 usd = 214 I paid .439 two days ago but .439 x 445 usd = 195 At this pace they can keep selling them. It would be nice to see a long slow rally . Say: 520 by June 1 620 by July 1 720 by Aug 1 |
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This happened in In Indiana one whole town was out and you go about 100 yards down and there was power but its because the electrical circuit runs different ways and there is a lot of different electrical circuits around one town or city they all run different ways soo if one town went out the others didn't. it could of been to an accident or something to involve the poles to turn off my best bet is that they hit a breaker on accident.
this can be true as there are redundant power supplies and a lot of stuff is inter woven. It differs from area to area. When I was first married we lived in Astoria ,Queens New York in a small apartment. There was a large blackout most of Queens went out my entire neighborhood was dead. But my refrigerator had power! It was illegally tapping an underground power line that did not feed into Astoria at all. I had a free unmetered non-detectable powerline for 5.5 years. It was in the late 80's early 90's it would have been nice for mining. I could run an s-2 for free. |
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I wonder if they drop price today. with btc usd fiat moving close to 500 usd a coin they could drop price in btc and still gain in fiat.
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nice now I have to buy one. |
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Just wondering, what will happen if I get a share accepted with my worker, then delete the worker immediately after?
Will the amount for the share be lost?
do not delete workers like that as there no need to do it. make a new worker move to the new one then delete the old worker the next day. That's exactly what I have been doing. But I'm just curious  I read some place you can lose the work. but I am not sure if it was here. one place that does say you lose the work is www.wemineltc but they are a ltc pool. I do think I have read it in this thread but this is a very long thread. |
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I was right there with you until you decided to be a smartass at the end. I was taking his 2.8k number for the 1th miner. You had a good point about the delivery date. You seemed to have missed a very important part of my post. So I have quoted, bolded, underlined and italicized it for you to make it easier to see. Rough numbers, not taking into account difficulty changes, BTC market fluctuations or electricity costs. It's 2,595 on GAW site, and I'm not being a smartass, sorry if it seemed that way. I'm actually saying you have a good point, it's just the ratio is probably not 130/195, depending on if/when you think Big Gun will be back in stock. Think about it this way: every day you wait for your miner to arrive you're losing $195. That has a huge impact on profitability and ROI. The most profitable day in mining is today. preorders are brutal. = fact. so many issues above and beyond all the other risks of coins. I am not going to order just yet . First I want to read about the prime project. Second if I do not want the prime project I will want a 13mh miner. I also want to see how they work. I really would like a better way to mine. I have made a few bucks but I constantly bring gear in mine it for a bit sell it on ebay or private sales here. Very small margins on the resale of the gear. If I sell 10 grid seeds I get a free one for mining . This is a lot of work. In a way I wish the new gear would come out more slowly. So that my current gear could mine for 4 months or 6 months before I move it out. |
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