Surely the firmware is the openwrt file,  cgminer is the mining application.
So updating cgminer can hardly void the warranty?

Even better! Who is that from?

Your premise is incorrect.

In the UK, electricity costs about GPB 0.16 per unit (kWh), so for your miner drawing 800W, that will cost
0.8 x 24 x 0.16 = GBP 3.07 per day on a flat rate tariff, possibly less if you have an economy 7 tariff, so you will be in profit for some time.

My thinking was that as people have been/are being stung in this 'industry' already we don't need any association with stings, that's why I suggested Buzz as in activity/industry, rather than Sting as in causing pain.



G

I don't think profit is a loaded word as such, but you've hit the nail on the head perfectly, the small miners aren't expected to make much or any.

That is the trouble with this business, as I see it the miners are being ripped off, but everyone else makes their cut.

Being a small miner is just a hobby unless the hardware prices are reduced.

G

Agreed. I am doubtful that single asic usb devices will be profitable for much longer, if they are even now, due to board costs.
If the asic power consumption can be kept down perhaps two asics per usb device might be the way to go for a while longer.
If the asic's are cheap enough then (DIY) building blades would seem the way to go to get a high enough hash rate.

G

I can't draw, but how about a strapline:

Wasp Collective Mining: All the buzz without the sting.

G

Good point.


Well the price should fall to reflect that, otherwise the prospects for profit will be much reduced.

It is an arms race.

G

Thanks a lot, that is a very useful site.

For the first time I have been able to evaluate mining hardware properly in financial terms, and it looks like investing particularly in the smaller devices isn't worth it except for a hobby interest. 

Interesting that there are a few options to really make some money, as long as the Bitcoin keeps it's value reasonably well

G