I just posted this in the main bitcoin forum. I have no interest in the other alt currencies as I do not trust them yet. I have been told that with given the size of my network, I should be able to equal the dedicated hardware, though with more computers. I would just like to give it a shot. If you're just going to tell me it's nit worth it, please don't bother. As I stated, I would like advice on the questions I asked previously. Thank you.
My advice if you don't want the don't bother. Is do ROI math on this idea. Before you ever mine one of the first things you should do is ROI math. I think you will see these terminals make less then electricity you pay. If you want try it on one PC on cpu mining.... hook up a kill-a-watt and see how many watts. Compare cost of use vs what it makes. You will be surprised how low it truly is, and most it is running at a loss. But start small don't work on setting up 45 machines then to do ROI after. A single machine can prove ROI math is right or not. |
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Invest in bitcoin if you believe in decentralization. Freedom is the winning spirit that would make bitcoin the future.
BTC has actually been a pretty good bet the past few weeks. Just holding from 230 it remained there for longest times. Now we have a almost 50 dollar bump per btc... that add's up. So I would consider just straight BTC holding as of right now (assuming it does not jump back down which nothing can promise) |
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Are you sure you choose right words? If you are really asking how to set up a Ponzi likely this will go to trash.
A ponzi is not a good thing. If your trying to steal money I suggest stop now before you start.
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I've run 400mhz for 72 hours with 0 HW. It is just a matter of fine tuning voltage until you hit the sweet spot. Btw, USB ports are ver VERY picky, and keep them cool with an attached fan to that heatsink.
I would agree if you are running OC'ed use a fan it makes a big difference compare to just heat sink. I run my the production at around 15 GH's with no issues of heat, I did above and just seemed a little hotter but I'm sure some are fine with that I just like it cool. I used some PC fan's in a row to push air and they do good. Nothing special about them just have USB mounted close enough it will get a good amount of air from them. And I have some U3's down the row that benefit from the cool fan air past the compacs. So works quite good for me. |
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i see this thread but has anyone actually got one yet that is on here?
just wondering how it is running ....I did not get such because at 13c kwh electric made no sense.
anyway curious how reliable they are (or not) and if they are up to specs stated etc
There have been a very few posts from owners. What I got out of it was they do work up to spec. Someone mentioned it ran hot... but we don't really have a large group so cant really say. I know I have read sucess mining on F2 pool. Not a mention of a whole lot of pools. But the few that reported said it ran as advertised. So as far as scrypt it is the best public one there is... but considering there are so few in public hands it's going to remain pricey even though LTC halved. |
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In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think
Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time. You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat. Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think. Alt coins are more risky then BTC. It no doubt can make you more money if you get lucky or had some great strategy. When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all. The problem is gear to mine. Most alt coins that are worth mining are Scrypt. There is just a bunch of old asics besides a few SF100's that made it to public. Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining. I'm not sure to many "small" miners will be better off with scrypt gear. What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics? |
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Middle of night bitwisdom, it shows it even lower. Could be a fluke though. Bitcoin Difficulty: 60,883,825,480 Estimated Next Difficulty: 61,612,457,552 (+1.20%) Adjust time: After 739 Blocks, About 5.1 days Hashrate(?): 449,228,961 GH/s Price over 279 we are close to 280.... don't know if it will happen or not. I suspect in 280's some walls of autosells we need to get down before it becomes stable: http://www.coindesk.com/price/ |
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i believe it is hardware wallet
There is no "believing". Hardware most likely is easiest to use and be safe. But a cold paper wallet is safest way, assuming done right. People can mess up doing it though if infected or something else bad on PC or Printer when they make it. But cold paper wallet I think is safe to say safest, if done right. |
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there arent any good cloud mining websites as most of them are hyips and if they arent it gives roi in a really long time
Mining at home takes a long time at this point for most to though. It's sad but day's of 90 day ROI are far gone. No matter what sort of mining don't expect to get it back "soon" as a general rule for ROI. So never invest more then you can loose since it takes a while, an ROI is not guaranteed. |
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Heyy there
I am wondering how people are getting sooooo many hashes, i dont understand how one can get GH/s when i get 750kh/s with a 980ti
which of course is nothing against AMD competition, but still , its a really really modern and fast GPU.
And many are saying they get 100Mh/s with a decent CPU, i got an excellent monster cpu that is cooled like a water loving shark beast
I use litecoin mining, and the scrypt mining algo , so that might be why the hash rates are so low, but as far as i know scrypt isnt thaaaat hard at the moment, BitCoin is much harder as people say.
So whats the magic behind big hash rates ? Special gear ? Diffrent setups ? 10 GPU's ?
Also the second question is how are people getting sooo high hashrates , like 100Mh/s with day to day hardware
Day's of CPU/GPU are over. Do the math and most likely you would run at a cost that is more then you make. Look at asics they are much more efficient, and the reason you are seeing such high specs on BTC mining. |
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The few minor reviews of them seem to be possitive. Sounds a lot like Sfards is the new Hashra.
I don't know about that. Hashra pumped out a ton of those when they were making profit. But scrypt gear dipped in price so much in price they became usless. Part of it is A2 was a good amount more efficient then it. Hashra/Zeus/Gaw were all really the same on not great efficiency even then. |
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I think I finally have the pod PCB finished. It's going to need to be verified (this thing is easily the most complex PCB I've ever laid out) and it looks like I need to draw up a BM1384 test board with a QFN socket and also verify Novak's newest project PCB before sending out for prototypes. If we put 'em all on one order we save on shipping, you understand.
In any case, it's almost sandwich time and whatnot so it won't get done today but it might get done tomorrow.
The pod PCB is 10x15cm and has both 3- and 4-wire fan headers, each with its own PWM implemented so you can use pretty much any kind of computer fan ever made. Also tach signals are hooked up so it should report fan speed. The onboard micro will be able to measure and modify on-the-fly your VRM voltage, and it can measure the output current. Power comes in from a barrel jack and a 6-pin PCIe, and we've got both USB-B and USB-mini jacks. All in all, it should be pretty flexible. Heck, I may go ahead and add LGA775 holes for the heck of it.
Is there or is it possible to have some sort of fan or temperature protection? For instance the stick does not have a temp sensor so if its clocked high and has a fan, no problem. If it does not, its going to melt. Not too bad on a USB stick but the pod start being a bit more pricy and worth protecting, imo. Really with giving us so much possibility on how fast to push them, I think it's kinda up to customer not to melt it. We will be given a certain spec and we will buy our own coolers. If you push it to a point it melts.. you went to far. Most I think will watch pretty close and be able handle knowing if you OC to far you can damage gear. When you give people so much versatility on speed it's kinda up to them not to push it to hard I think. As likely there will be a big difference of CPU coolers people choose to use, some much better then others. |
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Bitmain is all sold out of all S7s Batch 1, 2, and 3.
SPECULATION (without any facts)
Is there an introduction of a new product? Maybe with the new chip.
Are they releasing the new S7+
Are they now trying to catch up?
Are they freezing sales to avoid loss with the increased BTC value?
Just Saying
Getting caught up, IMHO. IF an S7+ were to come out, that would not stop them from making the S7, IMHO. I do not see a new chip (14nm or 16nm) coming out until possibly this time next year, IMHO. I personally do not feel they are freezing sales. If the price of bitcoin continues to rise, they could simply continue sales while increasing the price of the S7's in proportion to the rise in bitcoin price and difficulty to continue making profits. just a weekend there, we will probably see new batches on Monday or even sunday pm. If bw will really produce something in winter time, BMT will be pressed to accelerate the 14/16nm rollout. Either way Bitmain I thin has the lead. They perfected the 28NM instead of jumping into lower NM. I suspect they are also r/ding the lower NM at same time. They don't have to do one or the other they have a lot of capital. I think it's likely they will be able to release a lower NM once needed. But right now no computation so they will remain 28 NM. S7+ would not surprise me if they have a while till a different manufacture releases. I think S7+ is much more likely then S8. |
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70db is dissapointing . when i get one i will see if i can tweak it.
i am willing to try 3000gh rather then 3600 my hope would be to get better hash per watt.
if i get it do 800 watts and 55db i would be happy with it.
Same here definitely going to see if the back side (where the pci cables plug in) silver mounts allow screws, if so push and pull with quiet fans and lowered to keep it cool and quiet. Well full speed seem to be for 38C intake. Unless you run it in a sauna, you should be able to lower the fan speed considerably. Here in winter i can feed it 0~10C intake so i'm actually pretty excited about this. I'm not to worried anymore about noise. Which is kinda nice to not be a factor for me like it once was. For me it's all about release date and price. I hope the price is good. Hopefully we find out more on that front soon. |
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I would not pay more than $300 all-up for a SP20 at this time, and would be hesitant at more than $250.
Even that would depend on my geting moved VERY soon to a very cheap electric-rate location (which isn't happening as soon as I hoped).
I wish you would use actual pricing instead of " I would not pay more than". Look at ebay lots of sales but it is going to be mid to high 300's to 400 as a general idea. Miner's do not sell for what we wish they would sale. They have a cetain value. If you did the " I would not pay more than" at your prices you would have no miners. As it happens, I haven't bought any miners for a while - as I see ZERO chance of anything current achieving RoI before the halfing and pretty much NOTHING current except perhaps the S7 for a short while will be profitable at all after tha halfing, per my current projections. If actual pricing is higher than I am willing to pay to achieve a REASONABLE CHANCE OF ROI, that just means most of the market isn't doing projections of RoI based on what I class as reasonable projections, or possibly some folks have a TON better electric rates than I have - or the most likely cause, inertia leading to failure to adjust pricing to what is really fair by current standards. There is nothing new about "market pricing" being higher than reasonable. or price adjustments being slow to respond to external changes, or a market going with "optimism for the future" instead of paying attention to current conditions. Try watching the Dow Jones over the last 5 years - crazy high levels of stock price increases while the economy as a whole is barely recovering from the Great Recession and most corporations are NOT actually doing all that much better overall. Mining right now is lower profit than it pretty much has ever been, BTC pricing has been edging up lately but NOT enough to match recent difficulty increases - and the only reason diff increases haven't been higher for the last month I suspect to be the shipping delays BitMain has been having on the already-sold S7s. Your opinion may vary. Do not fold, spindle, or mutilate. etc. With your current pricing in mind I don't think your purchasing will change in the near future. I don't see miners fitting in your ROI very often with current prices on rigs. I think we have greatly different way's to obtain what value of miners. I like market vs should be priced. If it was should be I would have a bunch more S7's. But they did not meet my ROI for largscale so I did not go crazy. So I guess we look at most of it different but have a little common ground. The price IS good. I think people tend to compare it to the MtGox bubble, not understanding that the value was artificially inflated by displaying fake transactions. As such overall, this is a great time to mine, where i live, the cost of running a S5 is about 20%~26% of its revenue. As such, SP20 at 300$ if it can be run at full speed would be a GREAT deal, without doubt. The difficulty does not seem to be jumping high and the price is slowly trickling up. The SP20 has also great volt control, so its possible to gain greater efficiency fairly easily, prolonging its lifetime. Only thing is you will never find a SP20 that can do the 1.7T. That number was to high they never should have advertised it. So never count on that with SP20 but I would agree sp 20 holds a higher price then S5 in most cases. It's ability to underclock is very good. So I predict it remains higher price then S5. The SP20 has versatility just like Avalon 4.1's. Which being able to crank it up or down so much is a great feature to have. |
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if you are trying to invest in cloud mining then you want to lose money rather go and gamble it
With the present situations both gambling and cloud mining may pay you or may not.... actually if you gamble at trusted sites they will pay you you dont have to worry about it  (if you win) is the same for cloud, but with cloud you can actually hope to reach roi, with gamble one bad move and you're done you lose everything The same could be said with any sort of mining really. There is no guaranteed ROI. With a true cloud mining ... you do some ROI math. If someone guarantees you ROI most likely it is a scam. It is based on good ROI math, and possibly luck depending on who you talk to. |
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You can restart the auction or declare the next highest bidder the winner.
That is assuming next highest bidder still want's it. They could have moved on since they did not win. So really this situation could be different in a lot of cases. Was the winner a low activity account? Or what kind of account are we talking about? As you can prevent some by saying if under "X" level contact first before bid. Prevents a newbie account from messing up a auction. But there is not much you can do to hold someone to buying if they decided not to. |
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Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I do not own any Trezor hardware wallet but as i have seen many review here in forum, It seems that this hardware wallet is one of the most trusted and secured wallet. It's much more safe than using online wallets, and trezor can be integrated in Electrum AFAIK. I just checked on their website.. it's more secured than online wallet yet easy to use and supports not only bitcoin but doge,Litecoin, Namecoin, Dogecoin, Dash and Testnet. I might get one when i have the money. Not everyone has the opportunity to buy a trezor, Because it cost a lot for new bitcoin people. But i think that if you hold more than >10 BTC a trezor is needed. Right mate.. at $99 plus shipping fee it's still pricey. Depends on your holdings. 99 dollars to secure thousands or more.... not really sounding so bad. But if you have 1-2 BTC it is looking like a big portion of your money. So hardware is not for all. The good thing is paper wallets you can do for pretty much free and are useful at any level of holding. |
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Cloudmining was never profitable. I have some small investments in different sites for almost two years now but never did i make money. High maintenance fees and mining difficulty eats up your payouts plus almost all cloudmining sites turned to scam later on. Just hold on to your coins did you sell your hashpower at some point? because as it is right now, cloud mining is not about sitting there and waiting for roi it is now very similar to trading, you need to sell your hash after some time to have aquick roi, and buy again when the price fall, repeat Yes i sold all my ghs recently as they were depreciating in value and rewards dropped. The company released new hardware and people are dumping outdated hashpower. By my calculations coins mined plus the sale i'm still at minimal loss. You are right i should have traded and monitored everyday price. My other cloud investment is a lifetime contract and you can't sell or trade hashpower. A year ago payouts were okay but now it only pays trickles of btc's in my wallet and i don't know if i ever will ROI. The rest turned to ponzis and scams.. I personally would avoid anything that say's "lifetime" or anything like that. Because we know no miner last's a lifetime they have a certain lifespan. I think being able to sell hashing power is pretty important. Without this there is not much strategy on it. It's almost like gambling as I'm not sure who can get a good ROI equation on "lifetime". I sure cannot predict that far in crypto world. |
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about what number we are talking about? here for example you don't pay taxes for an income that is below 4800 per years
and anyway i'm sure that if you run a big business the simple thing of buying many miners mean that you invested a lot of money and you need to declare those money
If you run mining as a big business, you have to declare and many expenses are tax deductible. For most GPU miners, they are making a loss. There really should not be any GPU miners at a business level at this point. I think any of the ones considered big enough to be a business are using asics. GPU's just cost so much to buy and electricity use compared to what they bring in. So they really are not a smart investment at this point. |
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