Can someone tell me what BTC/USD exchange rate Cex.io uses to calculate it's $0.26c per GHS monthly maintenance fee?

Depends where you live, if you have cheap electricity you might make ROI. I won't not at 30cents per kWh.
When it ships on July 10th. the diff will be around 20bill, and there is probably at least half a dozen more diff increases before you get your 0.75BTC back, so your profit ends up being mostly in the resale value of the S3 in 4mths time.

That will mean after the next difficulty increase.

I would be surprised if the price that is being quoted is anything like the real S3 price. They are probably quoting high to make money of suckers and cover themselves.

Even a post to say what they were up to without disclosing prices would be nice, just so we have an eta update that's all.


On a side note, I would imaging that the GHS price on Cex.io will take a hit at people cash out of GHS to get some BTC for the S3.

From BA or Minersource?

Nothing that adblock can't handle, if not the ignore button works wonders with jpeg posters.


The suspense on the S3 pricing is killing me!

Not sure if Bitmain would have a lot of clients in Kuwait, who knows. Maybe it could be a good place for mining farms.

https://monitorglobaloutlook.com/news-story/kuwait-to-keep-charging-for-electricity-like-its-1966/

There is a lot of variation depending on where you live. Just have a scan of this list:


http://en.wikipedia.org/wiki/Electricity_prices


For example, most of the EU, which represents about 500million people, is over $0.20c per kWh.

You are probably right.
I would imagine that a lot of people are incapable of setting up their own mining farm, so any revenue is better than none.

With the diff increase that's just happened (16.8bill), the 0.26 per GHS monthly maintenance fee on Cex.io represents about 48% of your mining income.

Are they not going to try and get this down with more power efficient hardware? People will start to leave and buy mining hardware again.

Quite true, buying GHS on cex.io with their huge fees, is more profitable atm than my Antminers, I understand that. Haven't looked into hosting options yet, buy I will make a point of doing so now that you have reminded me of it.
 

My main gripe with the OP is Bitmain assumes $0.12 per KWH when doing their ROI calculations. For people like me who have to pay $0.29 per kWh and rising this week by another 14%, it's kind of a joke to see $0.12 used as the median electricity price.


Someone should start a poll to see the real price people are paying. Perhaps Bitmain could add power cost as a profile field on their shopping cart.

Not all of us live in China with subsidized electricity prices.

Be very careful, it's not the total power consumption that's the issue, it's how much current each 12volt circuit can deliver. Read the numbers on the power supply and understand what each connector can actually safely supply, or you risk a meltdown.

No they wont, at current 504GH/s will only gross $11.01/day that's assuming zero power cost and zero pool fees! Net of course is substantially less than that.

2014, 18th. week  sounds about right. Late April early May.

The number of hardware units mining BTC has decreased over time. There are far fewer people with ASIC hardware than CPU and GPU owners which were the mainstay of BTC mining for years. People just use to walk up to an existing PC, install some software and start mining, can't get much easier or widespread than that. What has increased is the hash power from the introduction of ASICs last year. The mining is concentrating, fewer people mining BTC, focused on buying larger and larger units, chewing more and more energy to get less BTC daily than the did a year ago. The majority of miners have moved onto other coins they can still mine profitably with CPU and GPUs. I mined my first 6 BTC on a HD 5770 GPU I literally got out of the trash can. Now I have several antminers and I am not sure that any have paid for themselves yet, as Bitmain's modelling is based on too low an electricity price. Before I jump into the S3 I am going to do the ROI modelling very carefully.

Hash power improvement causes the diff. People think more hash is better and get proved wrong every diff rise.

What you need to aim for is the most BTC per kWh. but that doesn't fit the more hash is better mindset.

I am using linux, I looked at the 4 scripts in the bin folder but they seem to assume there are log files in the log directory. Mine is empty all I get is console messages and no saved logs at all. I have the adviceLogger enabled. I see the launch script with the tee command is that the only method?

Testing. Is there any way to log the trades to a file? Currently it's just displaying on the console.