If you have free electricity, you already have a big incentive to try out mining to see if it's for you. Contrary to what most will say, you will eventually get back your investment but it takes time. Mining isn't for instant gratification. For me, I mine because I like seeing my btcs accumulating day by day. I'd vow that I wouldn't pay fiat to get btcs, but I relented when it hit the sub-400 level, that's just too good to pass. But after I bought, I'm left with a sense of 'ok, what now'. Having had both experiences, I decided I prefer mining than buying. Plus, mining takes out the agonizing wait for price to rise, and the despair when price falls. IMO, mining now is better than buying, because you'll never see the volatility of last year again because Bitcoin is stabilizing. Those who buy now thinking in a month's time prices will double, they're sitting on empty hopes, and if you're weak hand you won't last and you'll lose out and start criticising Bitcoin, like one forumer here who gave up because she bought high and sold low.

So I left it be overnight, now I cannot log into the interface again. 

I get the the page to enter the password and then I either time out or whatnot, connection is lost.

I keep trying and trying only to get the same message or get to the black screen then when I enter the password, boom, connection lost.

I've tried different ethernet cables.

Thing is, I think my computer has too many internet related settings so it could be conflicting somewhere.

I also don't have an IE browser which I think many were saying to use that one...  I just don't like it, too slow, too bulky.

The miner seems to be mining already, the fan is running fast/er and a decent amount of heat is coming out the end of it.

@Dogie - I'm not sending anything back, I ordered mine from the manufacturer directly.  If BitMain can't offer a working product out of the box and adequate level of service I will just write it off as a loss and throw it in the garbage and deal with another manufacturer who values my business.  Tis the second time I get screwed by BitMain in less than a month so I'm already not too happy with them.  I've more conviction to make it work, it's one thing with me, if something don't work, I'll keep hacking until it works.

I'll download IE then if that don't work I'll try using another, less busy computer to do set ups.

Also the lights on my laptop at the Ethernet card, the green is on but the orange flickers, which leads me to believe it's something with my computer and not the miner.  The one green light on the miner is always flashing...

Surely someone has had this issue before.  I don't think it's a miner issue as it is a local computer issue.

Just for a comparison.......Microcenters, an electronics retailer announced today they are selling mining equipment. Right now they have Gridseeds and Antminer S1. They have the S1 priced at $400.00, (gulp).....

This is great to see the product taking shape. Overdue but better late than never as the phrase goes.

Now if BA dig deep and properly compensate purchasers for their delay, this story may yet have a happy ending.

 

And here is a little update again:

I will be closing on this week north of 6 BTC mined with http://pbmining.com?ref=iflash11 (yup, there is a ref code here) which means that I am less than 3 BTC away from profit. You can see my stats on their page (Username iflash).

So far, so good. I am still not convinced that they are a Ponzi but I know that a Ponzi runs as long as people buy in it.

On the other hand: What will all the nay-sayers say when - let's say a year from now - the thing is still up and running with thousands of people making money mining (assuming BTC itself is still around at a price higher than the one now)?

Guess, we can only tell a year from now. Or two. Or five. :-)

Happy mining,


iFlash

No, I am connected to the AntMiner via ethernet cable, it's in no way shape or form connected to any type of internet source yet.  My PC is connected to the miner and I use one a wireless connection to keep up to this thread and disable it to try things on the miner.  I've not yet had the miner online whatsoever yet, can't open the interface so I stopped there until I could figure things out.

So are we getting our goal of 100Ghash for the X-1?

Mining in the office eh? Im not too sure they will appreciate the power consumption and many offices have lots of locked down networks, do you even know if its possible at your office?

Was there a chance that the minions couldn't work  nothing is 100% but really, is this surprising to you guys?

Honestly, the "easiest" way is probably an online wallet service such as blockchain.info

That way they can use it like they might use PayPal, Facebook, or any other website where they might have their own accounts.

Of course, don't use it for large amounts, pocket money only. And teach them of that fact