I think if they honor people's wallet balances, people will come back. I know I'd be willing to if I get my coins.
Agree. If they can send us atleast some of our small amounts back, then I'll bring my trust back. Surely those guys must have way more BTC in their pockets? Probably, but they took a pretty huge hit. They also incur regular operating costs, which aren't small. I imagine that they may be able to work out some sort of payment schedule, however, like dedicate part of the farm to just earning payback funds until everyone is back to where they were at the time of the hack... Or maybe they're insured and it's just a matter of working it out with the insurance company? No idea, I guess we'll see, but in the meantime I'm sticking to straight coin farming and regular payouts to my own, offline wallets/Trezor, thank you very much.  That's a good idea. If they can do payout overtime at least people will have some trust restored. Either way they will have to take a knock if they want to keep their business. Not sure if any insurance will cover such a loss through a security breach. According to an interview with their CEO today, part of what they are currently working on is a plan to repay all the stolen coin to users. So if they follow through with this I am more than happy to keep using them for mining/payout when they're back up. If they can get that right and pay the miners what were owed to them, I see at least 50% of the miners heading back. They should also revisit their fees, as people started using other "easy" miners and saw higher returns. True. They should certainly revisit their outside wallet fees, as if miners could have been paying out regularly at a cheaper rate (or just equal to internal), there'd be less stolen and less to figure out how to pay back (I wouldn't have had as much in my account if I wasn't trying to minimize fees). And depending on the platform they re-open, I could see more than 50%, but yeah, there will definitely be a large percentage who just will not trust them again. |
|
|
|
What should not be done in mining the living room or room that is occupied by us every day and every time, because the heat and radiation generated will be very influential.
I am still yet to see a single piece of scientific proof of this. |
|
|
|
I think if they honor people's wallet balances, people will come back. I know I'd be willing to if I get my coins.
Agree. If they can send us atleast some of our small amounts back, then I'll bring my trust back. Surely those guys must have way more BTC in their pockets? Probably, but they took a pretty huge hit. They also incur regular operating costs, which aren't small. I imagine that they may be able to work out some sort of payment schedule, however, like dedicate part of the farm to just earning payback funds until everyone is back to where they were at the time of the hack... Or maybe they're insured and it's just a matter of working it out with the insurance company? No idea, I guess we'll see, but in the meantime I'm sticking to straight coin farming and regular payouts to my own, offline wallets/Trezor, thank you very much. That's a good idea. If they can do payout overtime at least people will have some trust restored. Either way they will have to take a knock if they want to keep their business. Not sure if any insurance will cover such a loss through a security breach. According to an interview with their CEO today, part of what they are currently working on is a plan to repay all the stolen coin to users. So if they follow through with this I am more than happy to keep using them for mining/payout when they're back up. |
|
|
|
I think if they honor people's wallet balances, people will come back. I know I'd be willing to if I get my coins.
Agree. If they can send us atleast some of our small amounts back, then I'll bring my trust back. Surely those guys must have way more BTC in their pockets? Probably, but they took a pretty huge hit. They also incur regular operating costs, which aren't small. I imagine that they may be able to work out some sort of payment schedule, however, like dedicate part of the farm to just earning payback funds until everyone is back to where they were at the time of the hack... Or maybe they're insured and it's just a matter of working it out with the insurance company? No idea, I guess we'll see, but in the meantime I'm sticking to straight coin farming and regular payouts to my own, offline wallets/Trezor, thank you very much. |
|
|
|
They might, but in a few years. Just like what bter did years ago when they got hacked for the 3rd time. It was 3 years ago but last year they finally gave me my lost $ not my lost BTC. I lost 5 btc and got back like 1450 Yuan. Bastards. But something was better than nothing
Yeah, no, if they pay me in USD then I'm not using their service again, because same deal. Nicehash is a MUCH larger organization, though, and now is different than then (for example, law enforcement not only knows what cryptocurrencies are now, they take them as seriously as straight currency theft; and for another thing, those accounts will be monitored, Bitcoin isn't quite as anonymous as, say, Monero). But yeah, if they pay me the cash that IS at least something, but if they pay me my coins I'd be more than willing to use their service again. |
|
|
|
|
The 10 minimum order is for the X6 full unit. When I asked about minimums for the upgrade kits, I was told 200.
|
|
|
|
There is a reason the frequency is set as it is.
My L3+ is working very well, and has been very consistent. I am pleased with its 502 MH/s hashpower.
What sort of returns do you get? Are you mining other crypto's or directly on NH? Looking into buying a L3+ and would like to know if it is worth it? Compared to normal GPU mining. Some people say it's too late to jump in, but if the ROI is better than normal GPU mining, why not? upto you, but its a 50/50 game Say I just hit NH with the ASIC out of the box. What returns are you looking at? Would like to know from someone that is running it. Roughly $17-18/day at the daily current bitcoin value on average. Check whattomine.com for a closer look once Nicehash is back up (if it ever is, they owe a lot of people money right now). Thanks, this is what a wanted to know. Yeah, the Nicehash hack is legit. Lost about $100 there. Think loads of people will now move away as this is serious. I think if they honor people's wallet balances, people will come back. I know I'd be willing to if I get my coins. |
|
|
|
|
I don't think it will effect overall difficulty level much, but straight coin mining is certainly more profitable at the moment, my guess is due to rigs switching to pools and the ones that aren't aware of the hack yet...
|
|
|
|
There is a reason the frequency is set as it is.
My L3+ is working very well, and has been very consistent. I am pleased with its 502 MH/s hashpower.
What sort of returns do you get? Are you mining other crypto's or directly on NH? Looking into buying a L3+ and would like to know if it is worth it? Compared to normal GPU mining. Some people say it's too late to jump in, but if the ROI is better than normal GPU mining, why not? upto you, but its a 50/50 game Say I just hit NH with the ASIC out of the box. What returns are you looking at? Would like to know from someone that is running it. Roughly $17-18/day at the daily current bitcoin value on average. Check whattomine.com for a closer look once Nicehash is back up (if it ever is, they owe a lot of people money right now). |
|
|
|
|
In response to the part about mining rigs from your PM (so that others can chime in; also I know all of this info is available numerous times over on the board and the web in general, but since you asked):
It all depends on what you want to mine. I have some decent experience with 1060s, 1070s, and AMD 580s using Ethos. Currently, for price and ROI, the 580s were the best investment, they were all well under $300 and are currently outperforming everything. But that's because I am currently mining electroneum, and my 580s AT STOCK do about 770-800sols. They can be tweaked to get over 1000 I've read (though I haven't messed with flashing ATI cards yet). For longer term, more stable coins, I personally think Nvidia is king, and the 1060 (6gb models, the 3gb will be obsolete before long IMO) is the best buy. At about $300/card they outperform my 1070s significantly in Ethereum and other Ethash coins (dollar for dollar, watt for watt; in strict hashing of COURSE the 1070s perform better). For a starter rig, I would suggest either maxing out your rig with 1060s or 580s, or buying as many 1070s as your budget allows and adding more later with returns (keep in mind the 580s and 1070s are also power hogs, the 1060s are extremely reasonable on draw; none of this matters with Electroneum or other cryptonight coins, though, as the power usage is ridiculously small).
For the rest of your build: cheaper is better. NOT quality, price, so the least bells and whistles for the absolute most stable is going to be your best bet. Basically I add the price of an extra card onto the cost and it usually comes close to covering it:
Motherboard is the trick. You want something simple, stable, and with the number of PCIe ports you're going to want. I tend to stick to 6x or 8x boards; they make mining specific boards with as many as 23 (I think? Maybe it was 21?) pcie slots, but personally I like controlling my rigs on a smaller scale, they're easier to diagnose problems, power continuously (both in PSUs and individual lines, since you're going to need a different circuit for every 12-15 cards depending on settings and your circuit amperage), and control. Plus if one goes down, the other two are still running, so less loss of income. YMMV, plenty of people I know love those crazy farming boards...
Get the cheapest processor that fits the board you pick, it does NOT matter at all (unless you plan to do CPU mining as well, but I don't suggest that).
You don't need much ram, so whatever your OS requires as a minimum will work.
Buy as many risers as you will need (1 per card) PLUS 1 extra per 6. They have a high failure rate, and if you buy the extras individually somewhere like Amazon, they are free to return (but my two cents: keep them around just in case, they're cheap).
PSU: this is the other most important bit. Buy an 80+ gold or platinum PSU. You will be glad you did eventually; many will argue the reliability or safety issues, and I don't buy them for a second, but the real difference is going to be power loss, and remember, rigs run 24/7 so you want the most efficient PSU you can get for your money. Don't skimp here (also be sure it has enough GPU lines for your cards, you'll need one per card, and one SATA line per 2 cards). You will want to figure out the max wattage of each card and get a psu that equals that x number of cards + 50-100W for the system (WAYYY overkill if you shopped right, just being safe) +10-20% depending on how conservative you want to be. Add that total wattage up and find an 80+ g or p PSU that is that number or higher.
All in all, if you're patient (or you can find some lingering post cyber monday sales), you should be able to set up a pretty solid 6 card rig for well under $2K (unless you go 1070s, of course). If you just want to dip your toe in, save some cash and use a computer you already have and just get a couple cards, test them out, and see if you want to expand. That's how I started.
As for ROI, right now the 580s, but I honestly think the 1060s are just a better investment, I think they'll ROI in around the same time, maybe a couple weeks more, but they'll last longer...
|
|
|
|
Looking at ltcwisdom.net calculator, i see these results for March 2018++ .. What other things should I consider besides this ? before buying the miner.. If I chose to go this route Date Difficulty Profits
6 Mar 2066319 $-1,285.93
13 Mar 2118203 $-1,174.64
20 Mar 2170087 $-1,066.02
27 Mar 2221971 $-959.94
3 Apr 2273855 $-856.28
10 Apr 2325739 $-754.93
17 Apr 2377623 $-655.79
24 Apr 2429507 $-558.77
1 May 2481391 $-463.77
8 May 2533275 $-370.73
15 May 2585159 $-279.55
22 May 2637043 $-190.16
29 May 2688927 $-102.50
5 Jun 2740811 $-16.50
12 Jun 2792695 $67.91
19 Jun 2844579 $150.77
26 Jun 2896463 $232.15
3 Jul 2948347 $312.10
10 Jul 3000231 $390.66
17 Jul 3052115 $467.89
24 Jul 3103999 $543.83
31 Jul 3155883 $618.52
7 Aug 3207767 $692.01
14 Aug 3259651 $764.32
21 Aug 3311535 $835.50
28 Aug 3363419 $905.58
This is a good bit of info, but it can't account for the volatility of the altcoin market or the volume of new Scrypt miners that will be online by the time you get yours. My L3+ (which I overpaid for via third party a few months ago) is still earning quite well. I personally think that it will reach ROI well before March (especially if bitcoin doesn't drop significantly). That said, I do not think I would buy another at this point (I WAS debating it a week ago or so). I'd put that money into a rig, because they're more versatile, have (IMO) longer profitability lifespans, and better resale (in theory, anyway; yes, people will always need GPUs for computers, but if, say, all 1060s became obsolete for mining at the same time, no way demand could meet the supply). Realistically it's 6 of 1, maybe around 7 of another. I wouldn't say it's at all stupid to get an L3+ right now, but I wouldn't be excited about one either. If you DO decide to pull the trigger on one, PM me if you'd like to buy a discount coupon code. $125 coupon for $100. |
|
|
|
And what address are you guys using for your "proxywallet" ... your BTC NiceHash address, or your XMR address?
Thanks!
proxywallet [BTCWALLET_ADDRESS].[MINER_NAME] The address I use is to my nicehash wallet as the regular payout fees from Nicehash are a lot higher than their internal ones, but you can use either. ONLY a BTC address though, Nicehash pays out in bitcoin. |
|
|
|
Typical Bitmain response. I wouldn't expect much help from them.
Following this thread. I think 650 may be a bit agressive... remember the key is to mine 24/7 / 365... if you can get 365.
If i mine at stock settings for 365 days, and you mine at 650 for only 280 days, then I MAKE MORE (standard model).
GL, keep us updated
This is poor math. It MAY end up being true for the L3+ since it seems to be holding its payout value fairly well, but with the D3 for example, if you both got first batch models and one of you overclocked to earn 30% more per day, the overclock dying 85 days earlier would likely have earned MUCH more. Again, not saying you should or shouldn't overclock, whatever works for you works for you, just saying that math isn't necessarily correct. |
|
|
|
I will heat my house fully with cards, Im starting with 2*1070 + 1080ti in one room (its around 650W) and will end first "epizode" with 18 cards in somewhere center of my housw and opened doors (it will have like 4-5kW). Its nice to use electricity to something usefull and only dont waste it or gas...
Amd cards will heat your house a bit more than nvidia. Corect me if I'm wrong You are not. I just set up my first AMD rigs (I have two Nvidias already) and damn if overheating isn't an issue in the rackmount case, I have to run it with the lid off (and that is with it taking in air directly from outside AND mining crytponight)! |
|
|
|
It is impossible to heat the entire house with mining coins. This may give some savings, but I think that is a very small amount in order to have significant value. It seems to me that the noise from the fans on the towers will create discomfort in the house. Especially at night when the house is quiet.
Nowhere near impossible, there are myriad ways you can do it. For example, using S5s with low noise fan replacements as space heaters in each room. Keeping miners in your basement or attic and ducting the heat into the house or heating ducts, etc. I heat my entire house with miners and the noise level isn't much more than fans running in the summertime. |
|
|
|
try ethos 1.2.6 with new Claymore-XMR，mine works.
globalminer claymore-xmr
maxgputemp 85
stratumproxy nicehash
proxypool1 CryptoNight.hk.nicehash.com:3355
proxypool2 CryptoNight.jp.nicehash.com:3355
poolpass1 x
poolpass2 x
globalfan 70
THANK YOU. I was using sgminer on my new AMD rig and it worked fine on Suprnova but wasn't registering at all on Nicehash. |
|
|
|
If it is legal in our country then why not,
what country is that Columbia, South Africa, Uruguay, and parts of the USA. There are also numerous countries where it is decriminalized or legal for medical use... |
|
|
|
|
Hmm. I guess I'll just cross my fingers and hope my fan replacements don't burn it out...
|
|
|
|
|
Apologies if the answer is out there somewhere, I've spent several hours reading threads here and googling to no avail; I bought a used S5 from aliexpress and it works great, but since I replaced the fan with a pair of much quieter ones, I want to be able to monitor the temps. However, the temp reading is constantly 0. The machine hashes fine, and it is not running insanely hot as far as I can tell, just warm or slightly hot to the touch, but I want to play with the frequencies and clock speed (part of why I bought it, a tester to see if I want to buy more), so I'd really like to re-enable it. I have been messaging with the seller, who is very nice but I think the language barrier is causing a problem, the responses are polite but tend to be more reassuring that it is working fine so I don't think what I'm asking is translating well.
Anyone have any ideas? I flashed the firmware to the Nicehash one (since I'll mostly be using it there) and it didn't seem to change anything so I think it must be a hardware hack. Any answers or information would help. I plan to take it apart this weekend and delve into figuring it out...
|
|
|
|
|
I honestly have no idea why people are saying that is overpriced or that you can't make your money back on an S5. Not trying to start a fight, I'm dead serious, I don't know where that comes from. Check any and everywhere else, that is below average (especially in the US, look at ebay or craigslist).
IMO that's a decent price, especially if it's the one that includes the psu; you will make it back in half a year (or less if bitcoin keeps rising in value at the current rate), and if you throw some aftermarket quieter fans on it it will make a nice little space heater.
A note though: at $.11/kwh, it earns around $20/month, not $50, but it IS profitable if you are using the heat, as a space heater running at the same wattage would cost the same anyway. It's not the best longterm investment, but if you heat or help heat your home with it, then it's pretty darn profitable for what it is...
Also as a note: not sure who your particular seller is, but I bought an S5 from a seller on aliexpress. It took around 3 weeks to arrive, so be prepared for that (sat in customs [I think?] in China for like 2 weeks). Arrived today and is happily hashing away and heating my living room. Seems to work great, though the heat sensors don't appear to work (everything runs fine, including fan speeds, but the temps both show 0). Got it pointed at Nicehash and all seems fine and good. My seller was GZ Woao Trad e Co., Ltd. BTC LTC DASH ETH MINER Store.
|
|
|
|
|
Show Posts
