Anybody feel like graphing out actual ship date vs original expected ship date? I'm sure BFL would be at the extreme of that chart  It's nice to visit their little reality - it's like living in a Twilight Zone episode. |
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Getting power is not so much of a problem as is cooling. Look at this thread to get an idea for warehouses : https://bitcointalk.org/index.php?topic=7216.0200 S3s is about 200*400 = 80KW of heat. You're better trying to vent the heat rather than cool the facility. +1 cooling is a fool's errand. Suck that heat out and they'll run with few problems. smracer has a warehouse with that much heat output (maybe more) with every freakish miner ever made (even Monarchs) https://bitcointalk.org/index.php?topic=7216.msg8543467#msg8543467He put a new 15K CFM exhauster at the top of the warehouse. |
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S4 might end up being some rack mounted creature to compete with SP31s. It may not be usable in households (at least not US 110V).
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I don't care about electricity, I will have it for free
Do you have free air conditioners, exhaust fans and PSUs as well? Can I have some? |
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I think OoC calculation of BTC/GH/s was based off of pool's statistics that reported how many shares had been submitted and how many bitcoins (block solves) were rewarded. So it wouldn't be based off of luck (reverse miner speed calculation) but actual miner share submissions. Unfortunately this isn't available for 1/3 of the network since solo miners and some pools don't report this info. So if the we assume the 1/3 that is not reported is the same as that which is reported, then if the BTC/GH/s goes down 50%, we assume the network speed has network speed had doubled (irrespective of what might have happened with the actual difficulty). |
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Getting power is not so much of a problem as is cooling. Look at this thread to get an idea for warehouses : https://bitcointalk.org/index.php?topic=7216.0200 S3s is about 200*400 = 80KW of heat. You're better trying to vent the heat rather than cool the facility. |
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Given the current rate of maintenance fees on Cex.io you might actually lose money at times (during bad luck) even if you find a block. Read this : https://bitcointalk.org/index.php?topic=739510.msg8355686#msg8355686If you find a company that you find to be reputable and you can make a profit from or just want to dabble a little for enjoyment purposes go ahead. |
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you are better off clicking on various bitcoin faucets than trying to mine with GPUs now-a-days. even with alt-coins, you cannot make more than the cost of electricity to run it and cooling because of it.
Actually even using a faucet causes most users to lose money since computers typically don't run on free power. If you make $0.03 and hour from faucets and power to run the PC costs $0.05 you're doing monkey work - something I would expect from the US government |
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It would be nice for you to add Megamine.com if you'd be so kind. Our announcement thread here https://bitcointalk.org/index.php?topic=636096.0If you'd like a small account so you can check us out I'd be delighted to arrange that, especially given the work you seem to put into this forum. We are new but real, you can find out who runs us ( http://www.megamine.com/aboutus.php), we are backed by a well respected private equity company (Black Green Capital), we are fully approved and undertake all necessary ID checks for everyone's peace of mind ( http://www.megamine.com/idrequirements.php), accept both CC (and hence you get Credit Card protection) and bitcoin payments, are UK head quartered, operate in Sweden, and quite happy to show off our kit buzzing away and answer any questions. With our recent price change and given the size and the advantage of running on 100% hydro power, we've just dropped under the /GHs cost of the next generation of 20nm THs miners with the small advantage of you get instant activation with us rather than having to wait for the next batch of kit. KNC Neptune Batch 3 : £5,995:3THs turn up 'Q3 2014' Megamine Mega Miner 2TH x 2 : $6,200:4THs turn up the second you order it. J www.megamine.comAdded to the list. Thanks for the offer for an account but I'll pass. I do medical charity work every 2 years and have a separate BTC wallet just for that if you want to donate a few bucks for that (this Thanksgiving I will be working with some friends from the VA down in Gaudalajara, Mexico in a community clinic for 6 days). I guess I could make a charity account haha. Haven't found a place to buy medical supplies with BTC for those reading ... some of you could cater to those doomsday preppers  I can tell from your posts that you spend quite a bit of time studying the mining trends. As johnnybravo0311 noted it may not be the best return compared to buying hardware, but that is up to the end user to decide. KNC, Bitmain and AM aren't exactly promising you'll make money either - it's up to the end user to decide what is right for them. I noticed you signed the announcement "Justin Fielder, CEO & MD". Is that MD as in physician or some other abbreviation in the UK? |
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If you're keeping a month or more worth of income in BTC in your wallet I would suggest learning how to use Armory (since you're OK with blockchain downloading it seems): https://bitcoinarmory.com/about/using-our-wallet/If that seems too cumbersome, then at the very least copy the wallet.dat file from your machine and put it on a couple of USB drives. Put one drive someplace safe in your house and the other drive someplace like your car or parent's house. That way even if you have a fire you'll still have a copy. The problem with Bitcoin-QT is it needs regular backups if you do frequent sends from your wallet. If all you do is receive coins then you should be good backing it up very infrequently. |
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You're probably making a huge mistake if you order from Xhash... or from any company that doesn't have an active thread in the Hardware subforum.
Please do your research or you WILL get burned.
+1 to this. Many manufacturers send Dogie a sample unit for review. Also if ckolivas and luke-jr aren't writing updates for the miner then it is probably vaporware unless the company can show their code. If it's not on this list you're asking for trouble: https://bitcointalk.org/index.php?topic=456691.0 |
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Yes, but 2 of those 4 were in the last 5 adjustments. Clearly there is an upsurge in the network growth rate. It will go up, level off growth rate, and then go up again. Depends on whether companies feel like deploying massive MW farms. Nothing home miners can do at this point.
Nothing like a bit of "statistics" to throw in the mix. You seem to miss saying that the average of those last 5 is 12.45% but the previous 5 it was 14.07%. 14.07% is greater than 12.45% no matter how you look at it, and unless you are trying to 'spot mine' for a two week period then it's the average that sets you total earnings, not the individual changes. J www.megamine.comYou're comparing base increases in the difficulty without the effect of luck. Total network luck is not statistically available but quite of bit of info can be gleaned from OoC's weekly pool stats. The last set of 5 adjustments had bad luck, probably explaining why this last jump was over 20% (since the previous 2 jumps to that had very bad luck). The luck in May and June was slightly positive I believe. So 12.45 may very well be more than 14.07 when weighted. You could compare the Bitcoins/GH/s as a comparison rather than the difficulty. |
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Welcome to the Bitcoin world!
Having said that you're in way over your head right now. Mining left the realm of off the shelf (CPU/GPU) hardware last year. Pretty much you can only mine with machines made specifically for mining bitcoins - generally referred to on these forums as ASICs.
You can try mining with your video card, but a good analogy would be like trying to eat an entire bowl of soup with a toothpick - possible but definitely not recommended as you will not earn not even a single penny with that video card.
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What is the manufacter that has lowest price per gh/s right now ? I will not have to pay for electricity so I don't care about efficiency,all I care is about how much TH/S I could get for a cheap price. I was thinkin about : http://hashra.com/moonrakerwarp3/ , but i've heard not so good things about HASHRA, + this is a pre-order, I would like something from stock. If you say that blindly you're making a mistake. You can buy ancient BFL and Avalon gear and even S1s for less than current hardware costs. The problem would be that they would exhaust so much heat you would need to expend money cooling solutions. What you mean to say is for new hardware with <1.5W/GH/s, who is the cheapest. |
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I think I found a mining solution that is pain free at www.wazue.com. I had a good ROI after 1 week of mining. I always trust external links from a newbie, how could they lead me to a bad place!?! Seriously don't click random unknown links unless you trust the user. As noted above it is observed to be a scam. |
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Hi guys, My name is Nick and I'm new to this forum so hi everyone  , and I just want to say the past few months have been pretty exciting while I've been discovering and getting into cryptocurrency mining. It's an awesome thing joining the Bitcoin Revolution . Anyway, my curiosity lies in my mining stats while testing different mining pools. The past few days I've been mining off and on at Slush's Pool with my new Rockminer R4 which is hashing at about 500 GH/s, and I've earned somewhere around 0.03 BTC. But just today I started mining over at TripleMining (let me know if you want to join my team! ;]), and already I've earned the same (0.03 BTC) that took nearly 3 days over at Slush's Pool, and I've barely been mining for 12 hours. How is this possible? My rewards aren't confirmed yet but is this at least somewhat accurate or not even close? If anyone could shed some light on this that would be great! Also any help or advice would be greatly appreciated too. Thanks a lot! - Nick How is this possible - well you could buy 10k lotto tickets each week and only make a few hundred dollars. Then all of sudden you get a lucky scratcher and win 100k. Pure variance aka luck. You said you were mining on/off at Slush's pool. Slush really penalizes peolple for jumping in/out. Mine at a PPLNS or PPS pay based pool. |
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This should be discussed in the altcoin section.
Scrypt-N will not receive cloudmining unless ASICs are developed for it. ASICs won't be developed for it given current prices.
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Grilled cheese. Damn I'm hungry now. Got some pepperjack downstairs calling me.
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Banned coz im nice
^banned for being mr. nice guy! Banned because I want time delayed PR, not INSTANTpr. Go reformulate yourself! |
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