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hey i have the following, looking for 0.35 btc for all 6, let me know if interested. thx
Info = AntMiner S3 Coupon 0.075 BTC
Total Count = 6
Use Count = 0
Validity Time = 2014-07-12 00:00:00~2014-08-16 00:00:00
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hey i have the following, looking for 0.35 btc for all 6, let me know if interested. thx
Info = AntMiner S3 Coupon 0.075 BTC
Total Count = 6
Use Count = 0
Validity Time = 2014-07-12 00:00:00~2014-08-16 00:00:00
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Hey dogie. This tutorial looks incredibly useful, thank you so much for creating it! I am new to Bitcoin mining, so I just want to get this straight. If I buy the Antminer S3 and the PSU (this one: http://www.amazon.com/gp/product/B00ALK3KEM/ref=ox_sc_act_image_1?ie=UTF8&psc=1&smid=ATVPDKIKX0DER) I will be good to go, right? I will just need to connect the S3 to the PSU and an ethernet cable. I am really sorry about my lack of knowledge, but please have patience for me. I will do my best to find out more and more about Bitcoin mining. That is all the hardware you need. You also need a pool account for connecting your miner and mining on. The setup for the S3 is very simple. Alright. Thank you. I just have one more question. Why do I need a 750W PSU if the miner only uses about 350W? Wouldn't getting a 500W Corsair PSU make more sense? I have the same question, I have a bunch 400w UL certified power supply can I just use one for each miner? From my understanding the bronze to gold level is the efficiency of power draw from the outlet but they all should deliver the rated power? IE 400W power supply should deliver 400W ? |
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Hi, if my order says
Paid
Unshipped
Valid
That means it's all good right? just need to wait for bitmain to ship
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is this a scam?
any evidence they have working miners besides that one blurred photo
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Well Christ I do not believe Diff will continue to rise @ 20%, as of this increase network has fallen on it's face and is running under 6 blocks per hour and has been for almost a day. That 25% increase KILLED the last of the FPGA/GPU miners. Anyone running a BFL single is going to be shutting them down SOON. My 2 60's earn approx $2.04 USD per day, but cost me $1.15 USD so they are on eBay as we chat.
why do people keep saying that...for the last 2 years, stop living in your fantasy world. Difficulty WILL continue to gap at 20% until the it reaches hardware manufacturing cost, which is still well below what they are selling. The summer rush has just started, wait until those spoondoolis 5Th start to get pumped out. Be happy with just a 20% increase. I see this happening for at least the next 12-18 months before difficulty growth start to level off. And yes i know how many multiples that will be in term of current difficulty. Not saying dont buy miners, just make sure you use real calculations, otherwise the only one you screwing over is yourself. |
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you guys are all living in fantasy land, unless you can get free electricity there is miner currently on sale that is profitable.
The reality is difficulty increase is not slowing down anytime soon, with hardware getting pumped out nonstop. Next bump is 25%.
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this is tempting, the only thing stopping my purchase of 2x unit is the price. At $2800 and a difficulty increase of just 10.5% per period, you barely break even.
So the bet is really on the increase be lower than 10.5%, i know many people keep saying the increase is unsustainable but i personally think there is a long way to go. The only way difficulty will flat line is hardware stop getting made, the only way hardware stop getting made is if they are no longer profitable to sell. At current ~$2500 average price for ~1.5 TH, we still have a long way to go before the price hit the actual cost basis. People have to keep in mind those asic chips + board are cheap to make. The R&D is expensive but it doesnt matter once you start manufacturing, the only cost you look at is material + labor + shipping.
Think i will wait a little longer...
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oh this will be good
/popcorn time!
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ALL SOLD! thank you all who bought.  |
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LOL did you guys see the news from cointerra.
They are now offering 1-2 year mining contracts. 12 month contract for 2TH cost $8000, which is 0.009 btc/gh (8000/440/2000). That's 30% more expensive than cex.io (already overpriced), only lasts 12 months, and doesnt have a market to be easily traded like cex.
What a joke, those guys should just fold shop. Gig is up.
Hey newguy the 'gig' may not be quite so 'up' as there was something missing from your comparison. cex.io doesn't just charge to buy the gh's.. they ALSO charge per month to host them for you (you have to pay extra for hosting, power, repairs, maintenance etc) and you neglected to mention this 'monthly' charge in your comparison. cex.io's price doesn't include hosting (which is a major part of the cost if you're going to operate long-term and not just trade it). cointerra's price was an all inclusive price including hosting for either 12 or 24 months whereas cex.io charges extra each month for the hosting (see https://cex.io/maintenance ) re-running your example again with 24 months to show the true (long-term) costs of bitcoin mining... cex.io, 2 TH/s, buy price is 0.007 btc ($3.08 at today's btc price of $440) plus 24 months of hosting (currently $0.26/gh) = $9.32/gh (total paid for 24 month contract is $18,640) cointerra 2 TH/s, buy price for 24 months - all inclusive of hosting - is $11,999 (a big saving over cex.io). even if it was only for 12 months, cointerra is still cheaper than cex.io but why stop at 2 TH/s... we should try the same math for 100 TH/s (cointerra gives volume discounts, whereas cex.io being a 'true market' of buyers and sellers would mean the price goes up the more you buy and you'd be severely penalised for buying a larger amount) cex.io, $308K to buy the 100 TH (in reality it'd cost much more to buy it this way), plus $26k per month in hosting for 24 months ($624k) = total of $932K (just shy of $1m!) whereas cointerra's 100 TH hosted for 24 months is less than half the price at $450k (well under $0.5m!) You can similarly compare the hosted prices of other cloud hashing companies like nimbusmining.com (butterflylabs) who charges $20/gh... or cloudhashing ($8-9/gh) compared to cex.io's $9.32 and cointerra's $6/gh (for 2 TH 24 mnth) or $4.5/gh (for 100 TH 24 mnth) You are correct cex charges a 30% maintenance cost, but if you think cointerra will let you mine free for 2 years after the initial one-time payment i have a bridge in my backyard to sell to you. Even with this assumption - $0 electricity/maintenance, 2TH, 24 months, and $12000 one time payment. The difficulty increase has to be at an average of 5% only just to breakeven. Anything higher you will lose money, if you believe going forward we will have average of 5% increase per, i have another bridge in my backyard for you... Another key advantage of cex is the ability to trade on a whim, cointerrra does not allow you to trade at all. There is no upside, just a lose lose situation with significant counterparty risk - you are in hope/pray mode cointerra doesnt go out of business for 2 years AND they will honor your contract for free mining/electricity for 2 years. To be clear i am not advocating to buy cex shares, they are also overpriced ( i was buying when fhm was at 0.004, not the current price). But if you are looking to throw away bitcoins, cex is by far the better bet. |
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LOL did you guys see the news from cointerra.
They are now offering 1-2 year mining contracts. 12 month contract for 2TH cost $8000, which is 0.009 btc/gh (8000/440/2000). That's 30% more expensive than cex.io (already overpriced), only lasts 12 months, and doesnt have a market to be easily traded like cex.
What a joke, those guys should just fold shop. Gig is up.
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out on all fhm contracts, +35% gain.  will get back in once it drops back to 0.004 closer to settlement. |
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bump, only 1x MS-65 left!
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bump ity bump |
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cex,
The electricity cost is $0.13. You are charging an additional $0.13 for maintenance and hosting. I understand you guys need to make money too, but this is just too greedy. Using real world terms, for a regular 1TH box you are charging $130 a month just for a shelf space.
If you continue down this path, you may make some short term profits, but then customers will leave, and i hope you realize the main driver of your business/profit is the ability to make market for buying/selling shares, once that becomes illiquid, things will go south pretty fast.
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And no, I'm not an abused KNC lover. Why do people feel the need to judge others on our decisions? I chose this option because it shipped fast and a refund was out of the question for me.
why is a refund out of the question for you? their ghs/btc is average at best. |
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bump ity bump |
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They can't be blamed for not wanting competition.
Not wanting competition is OK. Taking anti-competitive action to squash competition is not. it's not even that but their complete lack of clear policy and mafia style enforcement of perm ban. On ebay (which is owned by the same company as paypal) there is a VIRTUAL CURRENCY category to sell, yet when you use paypal to accept payment for a few collectible physical coins, they label you a currency exchange, freeze your money, then perm ban you. Keep in mind, none of the buyers filed a claim, complaint, or chargeback - they were all happy with the transaction and left positive feedback. But paypal doesnt care, they just ban you anyway. Their "risk department" doesnt talk to their "compliance department" and noone talks between ebay and paypal. Right after the compliance dept said i am all clear after making jumping through hoops after hoops of signing and providing every document under the sun, the risk dept comes and bans me. Even after i showed them the email from their own compliance dept stating my account was cleared, they flat out said sorry that's a different dept not us. WTF dont you all belong to the same company? And why would you even have a virtual currency or currency category to begin with if selling physical coins get you banned. It's a cluster**** over there, just pray you fly under the radar and dont get picked up by their automated system, once you do and those humans get involved, you are screwed. |
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