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1  Economy / Service Discussion / Re: Stuck mining.thegenesisblock.com Difficulty Increase / Month (%) 76-77? on: September 13, 2013, 01:54:52 PM
mining.thegenesisblock.com

We use the average monthly increase over the last 90 days. So a 77% increase per 30 day period compounded over 90 days (3 periods) gives a 457% increase. This was done to smooth out the spiking that occurs when the 30 day window changes between 2 and 3 difficulty periods, and to reduce the impact if there is a large spike in network speed in the near term that is not typical of the historical growth trend.

2  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: August 19, 2013, 04:55:52 PM
Was sure I was doing that, but working now. Thanks.

If you notice it again feel free to post a screen shot so I can try and recreate the issue.

I Love this site..  GB is great.. 

I'm glad you enjoy it.

Great site. If you showed projected difficulty, I would have no reason to visit any other site.

Thank you. We're trying to stay away from forecast numbers and just provide a resource for consolidating information. I added it to our task list though to figure out the best way to approach it.

BFL Monarch:

Hash Rate (GH/s)    2000
Power Use (W)   1200
Cost of Hardware $15,800

 Huh

Thanks for catching this. We had overlapping product numbers for the Monarch and Cointerra products so they were both displaying the same information. This should be fixed now.
3  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: August 14, 2013, 01:50:35 PM
Update Aug 14 2013: TGB Mining Dashboard 1.1

In addition to adding new ASIC companies and products that have announced over the last few weeks, such as Bitfury and Hash Fast, we've added a few features that will make analyzing available options even easier.

  • We've made it even easier to share your analysis with custom URLs. After each analysis is performed a URL is created at the top of the payment schedule. Simply click the button next to the URL to copy it and you can send it to other miners or store it for later analysis. Any time someone uses the new URL it will have all of the parameters and results preloaded for them.
  • Previously the auto-populated monthly difficulty increase used a 30-day window, which led to some dramatic fluctuations as the 30-day window alternated between 2 and 3 difficulty increases. We are now using the 90-day increase to smooth out that monthly increase estimate.

As a general rule please do not take any auto-populated fields as endorsement of those values. We're trying to get them as accurate as possible, but every field should be customized each user's personal needs.
4  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 29, 2013, 12:06:45 PM
I think it might be the label, actually. When one sees "Cost Efficiency", one thinks "bigger = more efficient is better". Maybe this can be corrected to "Cost per gigahash".

(Also, it's inconsistent with Power Efficiency. You should probably decide on one way to display the numbers and use it for both. It's confusing otherwise.)

That's a good point. I changed the headings to just show the unitsand reversed the power / GH ratio to match the cost.


This is the info I entered:

  • 5 x K1 nano @ $275(250 + 25 shipping)
  • Same 10W power @ .12kw/h cost
  • 1.75GH/s | 1775MH/s Hash Rate(Assuming an overclock @350MH/s)

Here's where things get interesting. According to this calculator, in 6 months I'll still be about $80 in the hole. Where as bitcoinX says I'd have made 152 bucks, with the hardware paying itself off roughly at the end of month 3. I'm a bit confused because one says I'll spend more than I'll ever make, while the other says I'd make an okay profit.

Not sure which I should believe?  Huh


Dree seems to have answered your question well, but this raises the point that we need to make it easier to share the inputs. I'll try and get a solution out in a week or so.
5  Bitcoin / Press / Re: 2013-07-25 ZeroHedge: 2013 Bitcoin Mid-Year Review And Outlook on: July 28, 2013, 12:05:39 AM
I love page 18:

Return for the ASICMINER stock IPO is 42,500% over eight months.  That page is printed and taped to the fridge.   Grin

Then it was all worth it.
6  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 27, 2013, 05:15:19 PM
Very nice and clean so far.  Keep up the good work.

Thanks, I'm glad you like it

Don't forget to add avalonclones.com, with their $1900 (~210BTC) 60Ghash Avalon clones, lol.

Also most people on the boards are talking about $/hash, these days not hash/$.  So $17.5/Ghash is considered a good deal, for example.

Looking into Avalon Clones a bit, there are a few flags that raise questions: they haven't demonstrated a working prototype; there is no personal contact information on the web site; and they said they had two funding rounds so won't need to do pre-orders in their press release, yet are requesting preorders on their product page. We'll continue to watch it for developments, but at this point I dont feel comfortable putting it on our page.

Thanks for the suggestion, I changed the Cost Efficiency column to reflect $/GH.

ok sorry, i think i wasn't clear.  I meant the "Market & Hardware Parameters" section dropbox so that the boards' profitability can be calculated.  I don't have any issue with them not being in the Complete Hardware section.
As it is now I can manually input their data to the calculator section but as soon as I click on any button (eg change BTC to USD) the whole calculator resets & I have to input again.

I see, this was an ease of use decision since the drop down gets more complex as we add in different combinations of chips and boards in addition to the complete sets. I added your suggestion to our to-do list and I'll try and figure out the cleanest way to add this option.

Any hardware delivered after October isn't going to break even in a year according to that.
Depressing tool if it's anywhere near accurate.

It might be nice to have BTC mined on there somewhere ?


Yes, the main question is whether network difficulty increases can maintain the rapid rate we've seen over the last few months. It is probably worth playing with that value a bit to see how it affects any future investments.

You can select the currency in the top right of the Mining Payout Schedule section to reflect BTC mined. It will display both the monthly BTC returned as well as cumulative values.
7  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 25, 2013, 11:38:12 PM
I see you have the Klondikes in the main profitability section but not Bitburners.  Are you planning on adding them soon?  It would be interesting if you could add both stock speed & overclocked version if possible pls.

BitBurner only offers the ASIC PCBs, with customer furnished chips. He does not offer the complete sets like the Terrahash set that's listed in the upper section. We had to separate out chips, boards, and chip+board sets in order to allow for fair comparisons. The chips as well as PCB boards available are listed under the complete sets in their own sections.
8  Other / CPU/GPU Bitcoin mining hardware / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 25, 2013, 01:18:41 PM
Thank you for the feedback. If you look at the MH/$ column, you'll see that the ASICMiner USB Erupter actually has one of the worst MHash/$ at 4.

At the current network difficulty growth rate of 62% per month if the device, shipping, and electricity costs were $0, the USB miner could be expected to return 0.41 BTC. Now add in additional costs like electricity and setup costs, and you can determine what the maximum you would be willing to pay and still make a profit. All of the settings should be tailorable to your individual costs and what your projections of network difficulty will be.

9  Other / CPU/GPU Bitcoin mining hardware / Bitcoin Mining Dashboard - The Genesis Block on: July 22, 2013, 01:37:58 PM
Update Aug 14 2013: TGB Mining Dashboard 1.1

mining.thegenesisblock.com

In addition to adding new ASIC companies and products that have announced over the last few weeks, such as Bitfury and HashFast, we've added a few features that will make analyzing available options even easier.

  • We've made it even easier to share your analysis with custom URLs. After each analysis is performed a URL is created at the top of the payment schedule. Simply click the button next to the URL to copy it and you can send it to other miners or store it for later analysis. Any time someone uses the new URL it will have all of the parameters and results preloaded for them.
  • Previously the auto-populated monthly difficulty increase used a 30-day window, which led to some dramatic fluctuations as the 30-day window alternated between 2 and 3 difficulty increases. We are now using the 90-day increase to smooth out that monthly increase estimate.

As a general rule please do not take any auto-populated fields as endorsement of those values. We're trying to get them as accurate as possible, but every field should be customized each user's personal needs.


Original Post July 22 2013: TGB Mining Dashboard 1.0

We’re the team behind The Genesis Block. We just built a Mining Dashboard as a free tool for the bitcoin community and would love your feedback. In short, it helps make a mining investment decision by providing full info on hardware options and providing a monthly payout schedule. You can check it out here: mining.thegenesisblock.com


Our team pre-loaded data inputs for available equipment, meaning all you have to do is select the hardware you’re interested in and the date you expect to start mining. The site then provides a month-by-month payout schedule based on operating costs and expected network growth. There’s also a sortable table at the bottom comparing ASIC options all in one place.

Any comments or criticisms are very much welcome. We love building these tools and want to make them as helpful as possible. Full screen shot below:

10  Other / Beginners & Help / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 18, 2013, 08:10:17 PM
It does seem that that the arrival date is pivotal to getting a good return. As these ASICs get pushed back their profitability seems to decrease almost exponentially.
11  Other / Beginners & Help / Re: Bitcoin Mining Dashboard - The Genesis Block on: July 18, 2013, 05:36:04 PM
Thanks for the support.

Yes, it does appear at the current rate of difficulty increases that the USB miner would be more of a novelty than a proper investment. The ASIC table on the bottom of the page can be sorted by MH/s, and when used with the expected delivery time will provide a good estimate for the most profitable investments.
12  Other / Beginners & Help / Bitcoin Mining Dashboard - The Genesis Block on: July 18, 2013, 04:09:10 PM
We’re the team behind The Genesis Block. We just built a Mining Dashboard as a free tool for the bitcoin community and would love your feedback. In short, it helps make a mining investment decision by providing full info on hardware options and showing a full payout schedule over time for each choice. You can check it out here: mining.thegenesisblock.com



Our team pre-loaded data inputs for available equipment, meaning all you have to do is select the hardware you’re interested in and the date you expect to start mining. The site then provides a month-by-month payout schedule based on operating costs and expected network growth. There’s also a sortable table at the bottom comparing ASIC options all in one place.

Any comments or criticisms are very much welcome. We love building these tools and want to make them as helpful as possible.
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