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6461  Bitcoin / Mining speculation / Re: Is mining dead ? on: September 13, 2015, 09:56:50 AM

No where do i see a cost analysis in a calculator like using http://www.cloudmining.website/calculator.php WITH the fees involved


 https://bitcoinwisdom.com/bitcoin/calculator is the best calculator I've found to date, with a bit of manipulation it can be made to work with "cloud mining" type services in general (though it doesn't work well directly with Hashnest PACMIC contracts, where the "profit" isn't directly related to the hash rate).
6462  Bitcoin / Mining speculation / Re: ASIC MINING - Newest hardware and the future on: September 13, 2015, 09:52:11 AM
Home mining is dead. Deal with it!

 Home mining is only dead in places with non-cheap electricity, or for folks that insist on actually making money at it.

 The only big change is that the classification of "non-cheap" has gotten somewhat narrower in the last year.
6463  Bitcoin / Hardware / Re: GekkoScience BM1384 Project Development Discussion on: September 13, 2015, 09:48:03 AM
Quote
It is a direct result of a true monopoly. The only monopolies that have ever existed: those created by force of law and defended by physical threat.


 The only 100% monopolies are that way. Even Standard Oil at the "height" of it's monopoly only controlled a bit less than 60% of all oil refinery capasity in the world, though I think Mickey$loth did a bit better at the height of Windows market share.

Quote

A heat wave is coming. Ever hear Budweiser (or Budvar, if you're an originalist) take to the ether and beg you all to cut down on buying Bud because the company can't keep up, and it's the right thing to do, and then "ask" you to accept rationing? Then, just when you need your ice cold Bud most, they take it away from you? Ever wonder why true monopolies do that? Ever wonder why true monopoly prices do just keep going up, *in spite* of regulation?


 Not even close to comparable - there are MANY MANY sources of beer, it is NOT a requirement for modern civilisation to function, and it is EASY to transport to multiple purchace locations.

 Cable is closer, but it's not all that hard or expensive to string cable from multiple companies on the same pole.

 Running multiple power lines AND THE LOSSES INVOLVED for each power company would be a major expense and a non-trivial (though not super difficult) engineering challenge, or it gets VERY expensive if buried cables are used.


 BTW - governments have created bread monopolies in the past, such efforts tended to not end up well (reference the causes of the French Revolution, and the origin of Marie Antoinette's "let them eat cake" stupidity).
6464  Bitcoin / Hardware / Re: Brainstorming Mining room cooling - Need advice on: September 13, 2015, 09:38:29 AM
Looks more like a "solar chimney" type setup. Bit expen$ive to build those for something as small as a bitcoin farm though, unless you're a really really BIG bitcoin farm.
6465  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: September 13, 2015, 09:35:16 AM
Seems ants coming along nice and no doubt will see maybe s8 for Christmas Tongue or just after with the way things going. Wish bitmain would continue development with scrypt miners.

 S7+ by Christmas perhaps, S8 I'd guess longer or "skipped" again.

 I suspect the scrypt market isn't big enough for Bitmain to be interested - I'm actually a bit supprised Innosilicon has expressed continued interest in scrypt.
6466  Bitcoin / Mining speculation / Re: Network just jumped up 100 petahashes!!! on: September 11, 2015, 10:24:58 AM
Nope, not that big of an actual jump - looking at "short term peak" rates is VERY misleading as they routinely bounce around a lot.

 Got to average over at least a full day to get a meaningfull look at the network hash rate.

 With that said, the ballpark 1.6% average diff increase of the first half of this year is obviously history, looking like 4-5% or so on average is going to be the norm for a while - so much for RoI on anything without VERY cheap electric if you haven't had it for a few moons or longer already.

6467  Bitcoin / Mining speculation / Re: Bitmain to make a U4..??? on: September 11, 2015, 10:01:07 AM
I doubt they'd move to 5V power supply.
12V is far more common and available.

 I doubt they're going to be building anything else based on the BM1384, they apparently made the S5+ units at least in part to clear out their remaining supply of those chips.
6468  Bitcoin / Hardware / Re: Brainstorming Mining room cooling - Need advice on: September 11, 2015, 09:57:25 AM
Depends on HOW cheap your electric is, but at a common EER (SEER or CEER) of appx. 13 you would have to spend about 26% of your miner power load on cooling if you use mechanical air conditioning (some central units are well over 20 CEER, but those tend to be expen$ive in their own right).
This cost might be "make or break" on attaining RoI on mining hardware, much less profit.
Do factor in that if you can keep your miners cool enough, you can probably clock them higher and make back a LITTLE of the "lost profits" to A/C power cost, but not likely more than 20-25% of your AC power cost.

 If evaporative cooling aka "swamp cooling" is viable in your area, THAT is a lot less power hungry and you might be able to pay for it with the increase in mining hashrate vs. no cooling.


 Personally, I hate the "tons" rating on AC units. Dunno why we're still stuck with a rating from back when actual ICE was used in cooling stuff instead of using BTU across the board.
6469  Bitcoin / Mining speculation / Re: If mining BTC isn't profitable like people say -- how are OTHER people doing it? on: September 11, 2015, 09:46:38 AM
Pools have very little to do with mining profitably.

 It's ALL about the electric rate, the efficiency of your mining gear, how much power you have to use to keep the gear COOL and how much you had to pay for your mining setup, and sometimes incidentals like "pay for help if you have a Mega Farm"....


I would agree on electricity rate.  One a lot of people look over is VAT/Import taxes.  Some places a 20-25 percent tax could kill ROI.

Mining is still alive and will just takes a lot of variables to line up for it to work.

 "how much you had to pay for your mining gear" - which would include VAT and import taxes where applicable.
6470  Alternate cryptocurrencies / Mining (Altcoins) / Re: Buy the profitable 60Mhs A2 Farm Boy LTC miners, replacing old Zesu on: September 11, 2015, 09:45:05 AM

Yours: 60MH, 590w, 1MH/w
Titan: 380MH, 1300w, 3.4MH/w

Titan is significantly better

 you dropped a decimal point, both of those MH figures would be per 10 watts, not per watt.
 Titan IS still quite a bit more efficient (when it hasn't died yet).

 Alcheminer figures were around 250 MH for 2500ish watts, I don't remember the exact numbers but they're very close to that same 1 MH per 10 watts figure the A2 manages.


 Personally, I'm waiting for the A4, since tapeout on it was "leak" announced a while back.
6471  Alternate cryptocurrencies / Mining (Altcoins) / Re: Buy the most profitable 60Mhs A2 Farm Boy LTC miners, replace old Zesu on: September 11, 2015, 09:33:49 AM
$500 for 60Mhs, Buy the market leading most profitable/power efficient 60Mhs A2 Farm Boy LTC miners, replace old Zesu

run the best & most power efficient A2 miners at cost that last to make a profit!


 KnC Titans were and remain quite a bit more efficient than the A2 - but A2s are a ton better on reliability.
 The Alcheminer (and rebrands like MAT) was a tossup on power efficiency, pretty much even between one of those and an A2 based unit.

 Too bad you don't make A2 boards in a form factor that can replace the boards on the Gridseed "blade" things.
6472  Bitcoin / Hardware / Re: GekkoScience BM1384 Project Development Discussion on: September 11, 2015, 09:26:09 AM
While doing your own usage measurement is a great idea, there is still some mystery into how the actual bill from the Power Company is derived from that (e.g. fixed costs, taxes, fees, etc).

this is true, my power company wont even tell you how much they charge you if you ask them on the phone. the bill has NO price per KWH.. just a value you used, and how much you owe at the bottom.


 Sounds like time to talk to your state's Utility Regulatory Board (or whatever the equivilent group in your state is).
 I'm pretty sure they are REQUIRED to post their rates somewhere by Federal law or FTC regulation.
6473  Economy / Computer hardware / Re: 4 mines for sale (from 1.5PH to 5.2 PH) on: September 10, 2015, 08:58:36 AM
This is one crazy farm. Never heard of these miners either. Looks like a custom setup.

 MegaBigPower, or set up by MBP, the setup actually looks VERY familier and that "100TH" and "Pico" stuff ON the boards is a pretty strong indicator.

 Therefore early Bitfury chip based gear.

6474  Bitcoin / Mining speculation / Re: Larger Miners For Cheap on: September 10, 2015, 08:50:10 AM
Well this thread isn't totally dead im looking for the same thing. My power is free but im limited to 4 120v 30A circuits to run the miners on. So i have a decent amount of power just need something to use it lol.

 That's not a lot of power, actually - I've got more available in my mobile home.

 Right now, you'd be looking at Antminer S7 units to maximise your hashrate - but you might want to wait 'till late December, Lketc should have it's new 5TH unit out around then to give Bitmain some BADLY needed competition and there's a chance that Innosilicon will release a new unit on it's own too - and perhaps that way overpriced Sfards unit will drop in price to be competative by then.
6475  Bitcoin / Mining speculation / Re: Bitmain to make a U4..??? on: September 10, 2015, 08:47:36 AM
More likely around 130 GH, given previous U series form factor - but they've changed things up before.

 They'd have to price them VERY low to sell any though.
6476  Bitcoin / Hardware / Re: S4 Power Supplies & 277V on: September 10, 2015, 08:39:26 AM
Transformer, or bite the bullet and put the 220 circuits in to run it SAFELY, IMO.

 Way too high a probability of frying power supplies trying to run them that far outside their rated input voltage - and a significant chance of frying the equipment they are attached too when they die.
6477  Bitcoin / Hardware / Re: [ANN] Sfards: SF100-the first 28nm Dual-Mode Miner gets into mass production on: September 10, 2015, 08:37:12 AM
Looks like the SF100 second batch will be mid-August - at the SAME insanely high 8000 yuan price.

 I suspect the next batch doing "pre-sale mining, errr testing" might explain the recent Litecoin hash increases and perhaps a small amount of the recent Bitcoin hashrate bump.
6478  Alternate cryptocurrencies / Mining (Altcoins) / Re: bitcoin hardware problem on: September 10, 2015, 08:35:03 AM
Looks more like one of the Silverfish Scrypt miners to me, but the pics aren't super clear and I never bothered buying any of the Zeus stuff (it was overpriced and BAD efficiency) or the Silverfish (ditto) - IIRC neither was much more efficient than the Gridseed GC3355 based junk I wanted to replace....

6479  Bitcoin / Mining speculation / Re: If mining BTC isn't profitable like people say -- how are OTHER people doing it? on: September 10, 2015, 08:30:22 AM
Pools have very little to do with mining profitably.

 It's ALL about the electric rate, the efficiency of your mining gear, how much power you have to use to keep the gear COOL and how much you had to pay for your mining setup, and sometimes incidentals like "pay for help if you have a Mega Farm"....
6480  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: September 10, 2015, 08:28:17 AM
Quote

But seeing your elect up to $0.15 per kwh, how long S5 give you ROI from pure mining (not selling the miner) ?


 I'm not sure my S5s are going to RoI - too many factors I didn't forcee ahead of time, I'm seriously regretting buying the 2 "used" ones from Bitmain in particular.

 The 14.2 is only my "summer" rate, that ends in a few days and I drop to around 6.7 which gives me a prayer - especially if Bitcoin keeps climbing slowly.

 I've given up on even thinking about S7s though, unless the price on them drops a LOT very soon or difficulty suddenly goes flat soon. I've still got over a month before I COULD have had the cash to even think about ordering ONE though, since they made them BIG miners instead of HOME miners. 8-(

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