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In addition to the consumer makers like eBit or Bitmain, you could also reach out to Bitfury with your petahash order.
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wire transfer only was disappointing. was hoping to buy with BTC. kinda shows a lack of faith in there product that they wont accept it as payment.
Its not a lack of faith in their product, its the fact that their government has made it very difficult to exchange BTC to fiat. Same reason Bitmain seems to have moved to Bitcoin Cash only. |
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I see, but the problem is that on the site of the pool there is link to "their forum"
My Account Payments Stats Charts Calc Help FAQ IRC Forum
and this is where it brings me ... so, I am at this forum with the credentials of the site and still searching for the fix of the beforementioned issue / problem I am getting.
Thx
I tried mining BITCOIN too, at the speed of about 1 GH, which is terrible with the Gridseed 5 Orb ASIC and I NEVER got any accepted share for 72 hours, only the same issues, I read something about switching pools as it could be due to that, and so I ended up mining litecoin where I finally got some shared found ("Total work done 335 GH") and almost 0.001 for a short time. I tried also mining bitcoin on CPU, GPU and this ASIC miners but to no avail, only ASIC got some speed but neither of them got any at all approved shares for about a week.
Your ASICs are obsolete. The Gridseeds were obsolete for Bitcoin when they were released even. If you want to try them as a lottery for Bitcoin, you need to point them to a vardiff pool, like CK's solo pool. They'll accept low diff shares like the ones your Gridseeds produce. If you want to Litecoin, you'd have to ask in the altcoins forum, but I've successfully used them at multipool.us for scrypt coins at the lowest difficulty they accept. |
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hehe thanks for that bitter truth bro.. I appreciate it
The cool part - the price to run 72 PH for a day would be around 14 BTC on Nicehash, meaning that you can get a block (probably) but would lose money on it. Which is the whole point of cloud mining being a questionable venture - why would anyone sell something (hash power) cheaper than they could use it? |
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What animal was just sacrificed? Yay for blocks!
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They'll most likely refund the price you paid, not the amount of currency you paid.
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Thanks.
Any manual or information on the web interface.
Not that I'm aware of. |
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While checking the block we just found, I found this interesting address in a transaction in our block: https://www.blocktrail.com/BTC/address/1111111111111111111114oLvT2It's obvious that no one has the private key to it, so no one will ever be able to spend the balance it has, but there's already 60BTC in it that people have thrown away! One transaction sent to it, from only a couple of years ago, was 40BTC The hash 160 of that address is 0000000000000000000000000000000000000000 too - I wonder if it was some default setting that sent money to it.Looks like its the burn address for Blockstack, some kind of blockchain based DNS service. https://github.com/blockstack/blockstack-core/wiki/FAQ/3852861718400f0dcfa99ecf711fa0b31d2da4f3Isn't it essentially free for miners to register names?
No. All registration fees, renewal fees, and namespace creation fees are sent to the burn address 1111111111111111111114oLvT2.
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Yay for a block! (a few hours after i got my 20th/s of avalons pointed to the pool too!)
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Just received 2 x E9 T after waiting a month and a lot of pestering. I am in the US.
One seems to run fine the other flashing red light and does not show up, searched with advanced ip scanner and nothing.
Tried about 50 times to call hotline for service, get the recording and then it drops the call.
Has anyone dealt with their service. Says a whole lot of impressive things. Is any of it real?
Advanced IP scanner won't do anything if the machine is on a different subnet than your desktop. Download Wireshark, run it, and look for ARP requests coming from the miner to get what IP it is assigned. Once you have that IP, change your IP to match that network and connect to it. |
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They were clear that they weren't announcing a timeframe. They couldn't even tell the final hashrate or power!
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What country are you in?
If you're in the US, there are many better power supplies.
Do you have 110 or 208/220 power?
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Wrong section - this is Bitcoin only.
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Yes, mining is expensive and requires planning and thought.
The 1000 number was just me being snarky though. However, you should think about mining like a business. You'll need lots of free cashflow to cover the initial costs and monthly costs until you get a return on your start up costs, so you'd need to float for several months at least (or more.)
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The number of miners doesn't really impact your returns, it's more your power, miner maintenance, space costs of the miners.
On average, the two best in class miners as of this post are the Canaan Avalon 741 and the Bitmain S9.
The 741 costs $800(US) and produces 7 TH/s at 1200 watts (~29 kWh of power.)
The S9 costs $1500(US) and produces 14 th/s at 1500 watts (~36 kWh of power.)
Both will require PCIe cables and power supplies, which are an addition $100-$150 or so.
Neither will be in stock for the rest of the year, so if you want them NOW, you'll have to pay a larger mark up on eBay or to a forum member.
Those watts translate almost 100% into heat, so the more miners you have, the more heat you'll have to deal with (either exhausting/venting it, or using active cooling like AC)
Each miner is a little bit bigger than a shoe box, so you'll need racks to store them - and they're pretty loud, putting out about the sound of a vacuum cleaner.
Many people use a separate space to store them - whether its their garage, a shed they've built/modified, or a warehouse.
The S9 can be unreliable, and while under warranty, your only option is to ship it back to China for them to repair it, which takes weeks at least, months at most.
The Avalon is a little more reliable, but less overall hash rate.
Finally, the difficulty increases every 2016 blocks, or roughly two weeks. This means your miners get less effective all the time. Eventually, new miners come out to replace them, so you're hoping you've made enough coin to pay for those so you can keep up.
Since you don't say what you consider a "considerable" return, I'll advise you buy 1000 S9s and 2000 A471s.
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The bitcoin mining market is too niche for a company like Intel to really care. Maybe a player like AMD would try something like this, but that's pretty unlikely too.
It isn't like Intel could just draw out the circuit diagram and print millions of chips - they'd need to design them, test them, get yields right. If they wanted to play in the space, it'd be cheaper to buy Bitmain or Bitfury, and then start from there.
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My avalon fans all blow air away from the machine, not into it.
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