It kinda sound like they came up with a business plan and they don't have any work done beside some sketch and they want money to fund the development. We all know how these things went in the past...
I'd sure like some more steak to the gravy before throwing money that won't earn a cent for a long time, or maybe never.
If this was owned by a lesser organisation than LK Group Limited and CHBTC I would agree with you. I think it "will be" real however, there is high risk in the 14nm technology. I think a number of Companies have felt the need to make announcements a bit ahead of when they were fully ready in reaction to the Bitmain S7. So this B-Eleven & the Avalon6 fall into this category. Rich I would agree this is not a standard rendering where they are out to scam. This a big company and released quite a few products in the past. 14nm is going to be interesting if they heat deadlines. The ones that stayed at 28nm seem to be the current winners. Avalon if true at all on timeframe we should see it in a few weeks. But we all know how some products can be on deadlines. I find it interesting that avalon 6 and new rumored new s7 are so close together in time frames. One could have did a announcement to effect others sales. Its quite a cut throat business. I'm not saying its a scam, i'm saying we all know how pre-order work out. You pay now because its a good price now and then when you do get it, its worthless because the market changed too much since then. And seeing how quick BTC went up and how much difficulty raise we're looking at, it could just easily go down by the time these hit the door. I know I learned my lesson with Blackarrow and preordering  . Mine was terrahash long long ago. Looked great and even had a prototype... .but it fell apart before final product. I was lucky I use paypal. I'm rather suprised they scammed a lot of money and we really never hear a lot about them. Like 2-3 sued but don't know if they got money or not back. |
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If this was owned by a lesser organisation than LK Group Limited and CHBTC I would agree with you. I think it "will be" real however, there is high risk in the 14nm technology. I think a number of Companies have felt the need to make announcements a bit ahead of when they were fully ready in reaction to the Bitmain S7. So this B-Eleven & the Avalon6 fall into this category.
Rich
Well we are going to see a lot of growth at 14nm, remember the S3 was 28nm and look at the efficiency of the S7 to it. If they get their foot in the door and get experience they could be way ahead of the curve when it comes to 14nm reliability and hashrates. Agreed there may well be longer term rewards, just saying that at this point in time it carries risk, and could delay availability. They may be playing their cards close the their chest but having a TBD on the number of chips does make you wonder where they are with the development? At the moment if I was Bitmain with a tried & tested 28nm Fully Custom shipping at premium price, and no doubt with 14nm in development I would be feeling quite comfortable.  Rich I think you hit part of a important detail. Bitmain did a 28 nm on S7 and perfected the 28 nm, which made it easier to produce. And chances are higher profit per chip. I have no doubt they have a 14nm dev ongoing, but I don't think we will hear a peep from them on lower NM till someone else comes out with one. For all we know BM has a 14nm ready to go. They have a massive amount of cash flow so there is not a lot out of their reach. This is true, I wonder if they would start selling the miners to large warehouses under an NDA before announcing it to us or while continuing to work on it. I bet if they do have 14nm they keep it top secret and only very trusted employees. We have seen NDA from big datacenter does not always hold them: New s7 information
bitmain told me that new s7 will be released to market after another 10 days, so should be on 10th Nov, they deduce the chip amount on s7, so the hashrate of new s7 will be only around 3.5T. The price for new s7 still under discussion and will be released next week
True or not we don't know yet. But he is only one to leak this data, and no doubt had NDA. There are always those who have reasons on releasing data, so even with NDA it's not perfect. |
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I feel we should wait for something that is more power efficient than the S7. The S7 is hard to ROI!
I would however be interested in buying 2 directly from bitmain in a group buy, and getting it hosted.
The problem with this mentality is you are always waiting. Thinking you will wait for next best, a lot tend to say that and never buy a new miner. Best price will be if avalon and bitmain compete a little. And once BW miner is out then it gets very interesting. |
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Anyone powered his S7 using only 1 PCi-E 6 per board ?
I have powered them with only 1 cable per board for the last 2 days and they were working fine
Just today I read somewhere that it actually needs all 3 cables per board.
wow that's gutsy. cables not getting warm? I'd also be worried about the connectors, sure they'll be overspec'ed but not infinitely. If you do it put up a fire alarm near it seriously. One is asking for trouble. I imagine it will get pretty hot, and your talking about possible burning with 1. Get a better PSU and use more then 1 per board, is best advice. |
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This is for research for my thesis so turning a profit is not of huge importance to me although it would be nice.
Most likely you will take a loss in Europe electricity prices seem very high normally. So I would not count on a profit. Ok i will do. I will be in canada for few weeks with work in a few weeks. Would the price over there be a lot cheaper plus i will have free electricity for the few weeks i am there.
It's a good place to try it out compared to Europe. But you won't make profit in a matter of weeks most likely. Normally they are priced high enough were talking monts, not weeks to hit any profit. For hardware prices though Canada would be much better There is still a vat in Canada although it's smaller then most of Europe. Are you planning on flying from Canada with the mine back home? I would guess they ask about bringing items of value so they can tax on flight back. But I know some might not be honest. Just seems like a lot to get a miner. You could leave it in Canada. There is at least one data center there. Likely more then I know. |
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If this was owned by a lesser organisation than LK Group Limited and CHBTC I would agree with you. I think it "will be" real however, there is high risk in the 14nm technology. I think a number of Companies have felt the need to make announcements a bit ahead of when they were fully ready in reaction to the Bitmain S7. So this B-Eleven & the Avalon6 fall into this category.
Rich
Well we are going to see a lot of growth at 14nm, remember the S3 was 28nm and look at the efficiency of the S7 to it. If they get their foot in the door and get experience they could be way ahead of the curve when it comes to 14nm reliability and hashrates. Agreed there may well be longer term rewards, just saying that at this point in time it carries risk, and could delay availability. They may be playing their cards close the their chest but having a TBD on the number of chips does make you wonder where they are with the development? At the moment if I was Bitmain with a tried & tested 28nm Fully Custom shipping at premium price, and no doubt with 14nm in development I would be feeling quite comfortable. Rich I think you hit part of a important detail. Bitmain did a 28 nm on S7 and perfected the 28 nm, which made it easier to produce. And chances are higher profit per chip. I have no doubt they have a 14nm dev ongoing, but I don't think we will hear a peep from them on lower NM till someone else comes out with one. For all we know BM has a 14nm ready to go. They have a massive amount of cash flow so there is not a lot out of their reach. |
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So diff could move real hard or maybe not very interesting time to be a miner.
For the difficulty to move by something like 10-20% you would need 50-100 PH/s of hardware to be deployed and that isn't easy or cheap. With the uncertainty of the block reward halving coming up in just a few months (July-ish next year) we will probably see the difficulty lagging behind this price rally and we will probably see a price correction too. Or we'll all be rich, I'm fine with that too  that works for me I'm thinking the same were getting to a point there is a lot of hash in the network. So it's much harder to do big jumps. For example we at one time got 20+ jumps long ago.... for 20+ it would take a ton of miners and massive ivestment. I'm hoping we top out around 5 anymore, but I would rather be around 2. |
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anyone have tips to get more BTC?im still new here...
please kindly share here...
~ create Faucet Website and earning with adsens
~ create multiple address and claim faucet everyhour ~ join signature campaign ~ open service with your skill 1/2 are very hard to do. To make a faucet that makes money is not really easy as you have to get people to come to a site that pays small portions of a cent for a task. Its a hard sale. Just like refferals to them... it is hard as they pay so little. On doing multiple faucets it is a bad way to spend time. Most likely you could buy 5 dollars worth of BTC and make more then a year off faucets. This is due to making cents per day on faucets. Just is not money behind it. |
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What those website is? How it works? Each one would work different. There is not one way they all work. There are some I would avoid. First lending as it is really hard to get the money back if they default, I suggest staying clear of it. Second one that just jumped out to me was Casino Investment. I would also avoid casinos in general as a investment. Just not enough regulation. I'm sure there are more that are ones I don't agree with, but everyone has different factors they want. I would make sure before any of them to do your own research. I strongly push for new people to do research before investing. |
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I did the project late last night. Using the custom firmware and a cheap un-powered hub. All 3 miners are still going strong, so looking very positive so far. Normally I have a zombie to fix when I wake up.
But will try some more and let you know around 24 hours of testing. But so far very very positive.
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Running against nicehash.
S5's would every so often crash the os against nicehash as it was switching rentals.
My remote pdu allowed me to cycle the power and bring them back up.
The s5's are gone now.
Just now my first s7 had the os crash with nicehash.
Did the remote pdu power recycle and it is back hashing away.
More of an impact when 5th are taken out rather than the 1th.
Now I only have a single S7 but haven't had this issue before. Up 2200 minutes still with nicehash. Why are you running on nicehash? I can't figure out why people still are. Seems like negative amounts each time I look at site. I think you would make more off a standard pool. But I could be wrong on this. It's currently -8 percent compared to mining BTC. |
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Hello,
I'm using a Belkin F4U018-BLK with a 2.5A power supply
Do you plan to plug the 6 (4+2) gekko compacs on this HUB? As far as i'm concerned, i ordered the D-link HUB: http://www.amazon.fr/D-Link-DUB-H7-ports-pour-Noir/dp/B0000B0DL7I will test and report its ability to support the compacs. Do you think that pluging HUB on HUB to support more compacs is a good idea? Cheers, Jeff. I will use the dub h7 too for the 6 compac sticks http://www.ebay.fr/itm/D-LINK-Hub-USB-2-0-7-ports-DUB-H7-NEUF-/231737239956?hash=item35f49da994:g:eNAAAOSwuTxV~nJfMy current hub ports layout doesn't allow that many sticks. Daisy chaining hub doesn't work well or at all. I've seen it covered somewhere. Maybe in the "which usb hub..." thread ? Found it: Raspberry PI resources
As Aajo mentioned in one of the replies: don't forget, not all hubs work with raspberry pi, more specifically, USB 3.0 hubs will not work. Also RPi will not support hubs, which are nested more than 1 level deep. In other words, a hub with miners, connected to a hub, connected to RPi is OK, but not anything deeper. That was my experience.
Additionally, there seems to be a limit of 49 BEs that one Pi can control at once. So 1 hub with multiple hubs connected to it should work Rpi -> hub -> hub -> miner: ok Rpi -> hub -> hub ->hub -> miner: not ok If you use non-powered 2.0 hubs seems to be best working for me. I can throw a cheap hub on it and run U3's or something. But some need power like when I run compacs, so the RPI is more picky on those. But you are right avoid 3.0 for the hub. It kinda all depends on what your task is. For example another hot controller is the R1 I am using a 2.0 cheap unpowered hub and works great. |
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*snip https://bitcoinwisdom.com/bitcoin/difficulty they have us at (+4.64%) I have us over 7% Bitcoin Difficulty: 62,253,982,450 Estimated Next Difficulty: 65,141,275,089 (+4.64%) Adjust time: After 1344 Blocks, About 9.0 days Hashrate(?): 480,823,374 GH/s Block Generation Time(?): 1 block: 9.6 minutes 3 blocks: 28.9 minutes 6 blocks: 57.7 minutes Updated: 7:40 (1.6 minutes ago) From sept 4 to nov 2 price has jumped from 231 to 338 that is 46.32%diff has jump from 56,957,648,455 to around 66,000,000,000 that is 15.87% So diff could move real hard or maybe not very interesting time to be a miner. The price is what surprises me so much. We are doing really good in a sort period of time. I thought we would see a big sell off at 300... and we saw a little but not massive it kept going up in value. Now to be looking close to 240 is a pretty big deal. If we hit 345 is my number I now want to see. That will be 50 percent jump from 230 in not a very long time at all. It's a good time to be a miner. |
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This is for research for my thesis so turning a profit is not of huge importance to me although it would be nice.
Most likely you will take a loss in Europe electricity prices seem very high normally. So I would not count on a profit. Ok i will do. I will be in canada for few weeks with work in a few weeks. Would the price over there be a lot cheaper plus i will have free electricity for the few weeks i am there.
It's a good place to try it out compared to Europe. But you won't make profit in a matter of weeks most likely. Normally they are priced high enough were talking monts, not weeks to hit any profit. |
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Hello,
I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?
You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone. Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners. Just basic check what is your electricity price? And do you have vat/import tax? |
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Hit faucets every day. If you get around all the bitcoin faucets of faucetbox.com you will able to get around 1$ every 2 days that is enough from my side.
Faucet is not for impatient people even if they are patient it takes a lot of time and they can make little yes faucet good for beginners, beginners usually have a good patience, because usually beginners do not yet know many ways to get a good bitcoin I used to have a good patience too until I found out I can make more with a botnet LOL and signature campaign yes I also used to do that. I when the beginners always play faucet, but I never get more than 0.01 at the faucet. until finally I also found a signature campaign and then play well trade Faucets is a horrible way to spend time. The example of 1 dollar ever 2 days would take a LOT of hours. So majority of day you would spend just typing capatchas and pasting btc address. You make cents per hour. I highly suggest avoiding faucets even when new. Waste of time. |
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there are many good answer until 13 pages at here but it seems OP didn't pay attention anymore for this thread
because he doesn't make second post here and has not active since few months ago
yes I see newbie sometimes make a post then never active again. but it does not matter, as long as this thread is very useful for other people or other beginners OP has not logged in since: Last Active: April 18, 2015, 06:38:39 PM So I don't think he will be back to check it. So you are right on OP not paying attention. But it seems thread has changed to helping new people in general and not OP. |
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I gambled today and made $125, not much but enough for starter i guess.
Watch out on gambling long term it really is not a good investment. Look through the other threads and in beginner there are a lot of good examples and ideas on making some BTC. I just would avoid gambling is my tip. And welcome to the board. |
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Hi team, I hope you are well.
I am having some problems with some of my Antminer S5, I have got 3 blades that aren't working.
I am willing to buy 3 with a good price.
Let me know if someone here is able to do a good deal :-)
Oh I am from UK, so will be important to ship them to UK
Thanks Marco
On this you might want to at bottom left change to sales on hardware since looking to buy these. First advice is to contact Bitmain see if they will sell you one and check price. Second is looking in hardware. On your blades that are not working check out this page: https://bitcointalk.org/index.php?topic=1203190.0 . It is a smaller device that chances are you could get a great discount for S5 blade once sidehack starts the sales/trades. |
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I just have a question while we're at this topic any way. I also have a Raspberry pi B+ which I don't currently use as I was planing to create a CCTV using it which will be connected to a twitter account. but what I wanted to ask instead is that -- can I mine altcoins using this Raspberry Pi?
As a miner mining with a CPU no not really not much. It does make a great controller though for some miners. Avalon 4.1, U3, Compacs, pretty much usb miners or a miner designed to use it. As far as CPU mining not really worth it. It is not much on mining machine but great contoller. |
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