Not a shabby looking setup at all. Just want to echo the concerns of others in this thread with regards to cat's though. They seem particularly drawn to the magic money producing heat boxes for some reason. No wonder the Egyptians worshiped cat's for thousands of years! They know a good thing when they see it!  Oh yeah, and if you have kids, definitely electrical tape around the exposed hard-wire on the PSU.My first miner was my desktop with my nVidia 9600GS (right before I bought a bunch of AMD cards). My daughter saw my open case and decided that because I had told her not to touch the fans that it was now acceptable to put a banana into the blower style fan. Fortunately she didn't get hurt but the card didn't care much for the Chiquita. So again kid and pets don't mix with fans and circuits. |
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Oh, also make sure your ISP doesn't have an upload or bandwidth limit. I was running 2 full nodes until AT&T and another carrier both trimmed back my monthly bandwidth to 250GB.
Mining may not use any bandwidth but hosting a node does.
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The only major strain is usually disk access. If you're using a hard drive it might undergo some wear and tear but a SSD should be fine.
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What am I doing wrong here?
Is your PC connected directly to the Ant? Are the Ethernet port lights on/blinking on the PC? Are Ant's fans on? Sorry, I don't remember what the Ant's LEDs should be doing. 1. I've tried it directly connected and to the router. Result is so far the same. 2. The ethernet port lights are not blinking. 3. The fans are both on. Do this with direct connection only. Try another Ethernet cable. If Ethernet lights are not on and/or the connection icon on the PC has that little red x on it, you don't have a connection with the Ant, and this is before it even comes to IP addresses etc. Could be bad cable, or bad Ant (I'm assuming your PC's Ethernet port is working). Edit: one more thing to try would be to connect the Ant to the router just to verify if router's Ethernet port lights come on. If not then there might be something wrong with the Ant. Try resetting it. Keep in mind that if you direct connect the ethernet cable you'll need a crossover cable or a special crossover adapter like this one for that to work properly. http://www.amazon.com/Cables-Unlimited-Cat6-Crossover-Adapter/dp/B00030BYJI/ref=sr_1_10?s=electronics&ie=UTF8&qid=1409967632&sr=1-10Ahh the good old days when I would carry a crimper around and just chop off the end and recrimp after I moved the wires. Thankfully technology has fixed that little headache as others have noted. Anybody remember having to use terminators on those BNC cables? Pain in the a$$ |
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I would stick with Bitcoinwisdom's 15% estimate. If could just be good luck right now or it may very well be new power added to the network, but in the next 1400 blocks I'm sure some more Neptunes and SP stuff will come online to ensure the 15%.
AM stuff is still a mystery - guess that 150PH in chips hasn't been materialized into hardware.
well you never know but it has trended down a bit more on btc wisdom it is around 13.6 % Well you can't forecast luck. BTC Guild is now doing well and Ghash.io has been doing pretty badly. The network hasn't found a block in 55 minutes - bad streaks throughout the day - but I'm not complaining  |
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Basically you're asking for a miner crowd-funded ASIC development that runs as a non-profit. Any profits would be divested back to miners who would be considered shareholders.
AsicMiner started off this way - not sure how they're really standing at present.
The community does have the resources but I don't know if we have the energy to fight the very monsters that we have created.
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I can appreciate this is 'bitcointalk.org' but if I could just throw this into the mix?
Scrypt cloud mining?
I heard someone say Zeushash is $16 per MH. I'm thinking of buying some as the price looks good compared to available HW I can find that is currently shipping.
Can anyone offer me any advice on this please?
You should ask that question in alt-coin mining. This subforum is supposed to be focused on Bitcoin. Most of the scrypt mining advice will be found over there. |
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Well I have explained earlier that escrowing silver has no sense at all. https://bitcointalk.org/index.php?topic=739510.40What I am supposed to do ? Send silver coins to someone? And what then when it comes to the redemption? Is that person supposed to distribute the coins to the receipients? I have actually discussed this with a respected member of this forum who does escrow and from economical point of view it does not make sense since the costs would be to high. Basically we are in control of the silver coins, American Eagles and Philharmonikers. The purpose is to make buying hashing power on the platform more attractive and to protect the price from falling to zero as the hardware gets simply less and less profitable over time because of rising difficulty. Of course the whole process is subject to investing and re-investing so we will be having newer and better performing miners reducing the costs of maintenance but I think silver backup is a good idea as it is an investment in GH/s and silver together. We are also constantly reviewing the maintenance costs as well. http://finance.yahoo.com/news/bitcoin-hashing-power-trading-platform-040000538.htmlI will be honest and say I haven't kept abreast of your service. I think the worry is should something happy to your company or service what would happen. Who would be in charge? Who would be liable? If you have a fire and the miners burn down and thereby stop giving a return are you insured for the loss. I'm assuming that's where the silver would come in as a counter to the loss. But one would argue that in that rare case what would stop you from running away from your commitment since nobody has your company name and has no physical address of whom to contract. When people throw money into a bank in the US they just assume the gov will protect them because to be honest it does protect the lazy and stupid, but in the Bitcoin world there is no protection. So the customer needs to have some sense of security for risking their investment. |
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Hey guys I need some help just got a S3 and connected it to my PSU heard the fans turn on.
Connected the Ethernet to my cable modem and when I try to go to 192.168.1.99 it doesn't load
Try plugging the miner directly up to a laptop or PC like you would if configuring a router. Once you're in there then you can set a manual IP or have the modem DHCP assign one. |
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How to launder Bitcoins easily. Just be sure you don't shake stuff in the sink right below them. A couple drops getting sucked into those fans and poof...no more Cheer (pun intended). |
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Well at some point the margins for profit for the smaller miners become so small it's not worth selling. If it costs Bitmain $25 to ship, $10 for packaging, and $25 for support and warranty work then they're losing $60 to overhead. It may be cheaper for them to just sell it to themselves or to other companies in bulk.
Some are guessing they're going to stop end user sales shortly to keep difficulty from going up.
 Are you saying they will just sit on the equipment and not use it for a period of time? That makes no business sense to me unless all manufacturers agree to do the same - which I can't imagine will happen. Am confused here.. I didn't ascribe to this idea but others have guessed that it would be in the ASIC manufacturers best interest to not bother to make consumer grade miners. Whatever profit they get from those would cut into their own farm's profits. |
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what if someone destroy that place? how can they secure it?
They have at least one bed there. Pretty sure even if you found it you would be meeting the business end of an assault rifle. |
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I would say that Megamine, Nicehash and Kryptologica have been willing to post here with their representatives and show that they're actually incorporated. Of course anybody could come on here and say they're from that company. I could say I'm Elon Musk and you have no way to prove/disprove that without more info.
GawMiner has so much customer service it's probably a legitimate company.
Showing block generation would definitely go a long way in generating trust as opposed to pictures of boxes on racks with no visible cables running to them. It would cost about $4000 to have an entire row of mock up paper boxes that look like 1PH/s. It would cost millions to actually have actual Petahashes solomining.
As for most profitable that's another thread entirely...
I agree. Justin from MegaMine has not only jumped into this thread, but many others to offer his opinions and views, and to show off his facility and hardware. Further, if you're feeling so inclined, if you sign up for a 10TH/s contract with them, they'll give you a tour of the place and a "driving experience" adventure. Pretty cool little promo. NiceHash/WestHash is not your typical cloud mining provider. They're more akin to leaserigs/betarigs. Anyone who's got some hardware can sign up with them. It's about the most distributed and de-centralized cloud mining model there is. Kryptologica has had representatives here, and they've responded to questions in this and other threads. I'm not entirely sure I understand the "backed by silver" campaign, but it is what it is.Yeah Kryptologica has been resistant to have the silver escrowed. I'm not sure what his latest strategy is to show the company has solvency. I mean any company including mine can be a scam, but once you bother to incorporate with state/federal governments you are required to follow the code of business ethics those entities require. Sure some companies like BFL might be able to flaunt the law but once the state/government has a name for somebody to go after they can't just disappear like lunamine did. Lunamine might have been set up by a couple of teenagers for all we know. |
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put a humidifier in the room. solves couple issues your carpet and the unit heat will contribute too , for the safety While humidity will decrease the risk for static shock thanks to the carpet it will also decrease the lifespan of PCBs on any miner. Carpet is not really an issue, I mined for years on carpet. Bigger issues - pets and kids. If you don't have those then you're OK with physical issues. Water flying into the unit is the other big concern. Don't keep it near an open window or near a bathroom where somebody would shake their hands to dry them off. You don't have to cover the paperclip but if it freaks you out just put electrical tape over it. |
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I would say that Megamine, Nicehash and Kryptologica have been willing to post here with their representatives and show that they're actually incorporated. Of course anybody could come on here and say they're from that company. I could say I'm Elon Musk and you have no way to prove/disprove that without more info.
GawMiner has so much customer service it's probably a legitimate company.
Showing block generation would definitely go a long way in generating trust as opposed to pictures of boxes on racks with no visible cables running to them. It would cost about $4000 to have an entire row of mock up paper boxes that look like 1PH/s. It would cost millions to actually have actual Petahashes solomining.
As for most profitable that's another thread entirely...
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Many people got scammed. Lunamine ran a nice con. They had people advertise for free with a signature campaign (which they did not pay a single person). They gave away 10GH/s 1 week contracts for a week to get the buzz going and drive up membership. Then when they got a good amount of contracts and income up front they just ran off. How many people looking back at this thread said they were legit? How many people ran their sigs? Until I see some basic incorporation information I would automatically assume their all a ponzi - trust should not be given. |
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S3 uses new chips compared to the S2 (both from the same company Bitmain).
S2 was geared more for data centers and the S3 was more for home users.
The newer version of the S2 which was expected to be called the S4 should be coming out soon using the same chips on the S3.
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There are two problems with your proposal, especially with a 2016 startup date.
1) From about mid 2015 it is likely BTC mining will only be occurring in massive mining farms where electricity costs are around the 3-5 cents. And these mines will be run by the companies which develop the miners. You may have trouble competing with these companies and their mining farms as they can get their miners cheap than you can with minimal capital costs. It all depends on how much it will cost you to set up your electrical supply and miners. Assume a hash difficulty of 100,000,000,000 plus, or 4+ times the current difficulty with a quarter of current mining revenue.
2) In mid 2016 the number of bitcoins included in each mined block will half. Currently each block mined has 25 bitcoins. It will fall to 12.5 bitcoins per block. This will halve the total revenue earned by miners. So assuming currently $50 million worth of bitcoin is earned per month via mining, starting in mid 2016 this will fall to $25 million per month. This will make mining even more financially challenging.
While there may be some increase in the value of a bitcoin by 2016 it is obvious no one currently expects much of a rise. If people were certain BTC value will rise they would be frantically buying every coin they can get. This is not happening.
I agree with this assessment. OP if you can get the turbine built relatively cheaply you can always count it into the property value as a property upgrade so it's not wasted money. But even with free power many people have trouble competing with ASIC manufacturers. I have about 20KW of free power and can't really justify buying many miners. I ended up getting a couple of S3s only because I got bored and wanted to see how they stacked up to the BFLs I bought a year ealier. I think it would be a lot of work for minimal return (if any). If you find it fun go for it. When I built my custom house I ran into all kinds of headaches and prefer to avoid that kind of stuff now. |
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I would stick with Bitcoinwisdom's 15% estimate. If could just be good luck right now or it may very well be new power added to the network, but in the next 1400 blocks I'm sure some more Neptunes and SP stuff will come online to ensure the 15%.
AM stuff is still a mystery - guess that 150PH in chips hasn't been materialized into hardware.
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Cloud Mining can be profitable depending when you get in. Many people who started cloudmining with pbming (like me) in the beginning already reached ROI and now it is all profit. You have to do your own calculations including a little luck based on how you think the difficulty will go (based on new miners coming out etc)
Until PBMining is able to show me their block generation or information regarding their incorporation I'm going to assume they are a ponzi. Gavin labeled cloud mining as such and PBMining's response was to show some pics of a mining center. That doesn't really prove anything. |
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