Well what about the habanero from peppermining?

Anyone know what the max safe overclock gh/s is and the power consumption? Thanks

btw great set up guide as always

Guess nobody has any.. I really would like to purchase some. Also, anybody know of the specs? since the company went out & the website with them, I can't find anything. Not even a cache copy of their website to find specs of the card.

@dogie, there's already plenty of guides for it :p leave some of the guides to the rookies out there you've got enough hahaha

Sorry about that. Thank you hurricandave. Feel free to delete topic. Locked.

all good my head does too. I've honestly just given up. Mining at this point isn't profitable at all... might be better off w/ simply buying the bitcoins up front instead of mine and worry and pay for power, etc

Of course, we're the realists. We're in it for the money. The thing is, bitcoin is still, to this day, a "prototype" and, don't get me wrong i'm not saying it does not have a chance but, it is highly unlikely it will be implemented. As of now, some countries have rules against, regulating, or simply ignore bitcoin.
There reason there are so many altcoins is because people understand BTC itself isn't perfect. Many view the altcoins as experiments to be implemented into one big currency, maybe bitcoin, but non the less. The grand mission is to spread bitcoin, and allow it to be used worldwide. Check the wiki for bitcoin, even that states a list of numerous problems that bicoin has or could easily arise. Now, wit the downfall of bitcoin.. Well, who know's where it'll go.
Anyway, the reason people "mine" isn't to "help the network" it's to make money. Simple. If you're one of those people that are content to spend money and just help, great, but those are still the few. By a big shot. So, the question remains. Is it profitable to mine? or is it better to buy and hold btc?

Can we backtrack here for a second..?

It's almost november 2014, the mining difficulty increases by ~13% every 2 weeks. There's many websites out there that'll help you calculate a POSSIBLE roi, power costs, difficulty increase, etc. so.. lets say I have $4,000 right?

Why would i purchase any form of hardware for this amount (including shipping, PSU's, etc)? I'll have to take care of the miner, deal with the sound, the space it'll take, etc. and only to HOPE to get an ROI. So, with the 4 grand i've purchased any x, y, or z rig to mine. I'll have to keep paying the electricity bill, cause someone has to right?

So.. lets say instead, I invest this $4,000 in purchasing BTC itself. That's about BTC11 at a price of $360 USD (about current)

now, i'll have BTC11, no need to pay for power, shipping, delays, keep a computer (or rasppi) running, no need for a ethernet hub, etc etc. And, lets say we do see a spike again in BTC that takes it to at least $500.

well I purchased BTC11 @ a price of $360, but now they're worth $500 each. $500 x BTC11 = $5,500. Minus what I had to pay for upfront, which was
BTC11 x $360 = $3960 for a total profit of about $1,500. Of course, you could wait for a bigger spike, maybe we'll hit $1,000 per BTC again. or more..

so tell me. What is the benefit of purchasing a miner for a purpose of getting bitcoins at a non-stop increasing difficulty & competition, when I could purchase the BTC, not worry about power, pools, etc. keep it in a secure software wallet, and hold? After all, the goal of the miner's is to get bitcoins right?

Sorry about that, I meant male as in:


and by "female" i meant:


Sorry guys. But yeah I'm somewhat new to networking. So what if I just got a switch, where I could plug in the router ethernet to, and from that switch plug in the miners & rasppi?

So heres the idea:

So the real explanation.
The main router has 1 ethernet cable plugged into it. This router leads to a 2 female 1 male ethernet port where the Gaming Console and RaspberryPi connect to the internet.
The thing is, that the raspberrypi has only 1 ethernet port, so before it connects into the RaspberryPi, it has a switch of 2 female 1 male, and the male plugs into rasppi, the two female has 1 plugged in from the xbox and rasppi part.
from here, there is 1 female ethernet that connects to the rasppi and etherner, there I connect one more that splits into two, and those two females lead the cables for the Ethernet Hubs (5 each)
On each Ethernet Hub, I'll have 5 asics (AntMiner S3) plugged in and running.

Could this work? Any thoughts/comments/ideas? Thanks!

Does anyone still own any VMC mining cards? If so two things,

Is liquid cooling 100% required?

and if you still have one, would anyone be interesting in selling them?

Thanks!

TheOutride

I feel like I gotta chip in, although I wish I had better study into Economics. Non the less, lets take it back exactly 1 year. Where was BTC? in a few more months it would be it's first time to pass $1,000 USD per BTC. ASICS were being made to a point that the market wanted more.. better. for less. So where'd that lead us? To ASICS that hash at half a terrahash/s for a few hundred. Not so long ago.. Cointerra, KNC, this guys and a few others ruled the market. As everyone knows, the price of BTC is linked to many variables. One being how many people use BTC, and so on. So what made this spike so huge? The influx of new miners, traders, and "holders". Among other things of course. But... I HAVE to point this out..

BTC is based on the internet. I fear that if a government's fiat is worth so little... How are we to pay the electricity companies? without electricity, how will IPS companies run.. And how will we have internet and power at home.. Without them.. Well, there goes BTC and it's price.

Now as far as silver and gold bugs out there. Well, a HUGE portion of gold is held by the U.S. in the Federal Reserve Bank of New York and Fort Knox... So. the problem goes back to fiat.. it's only worth what the government says.

So long as we have this type of government everything will be controlled. Think about it.. Most of the money in the world is just digits on a computer. Back in the 1920's maybe it was easy to have all the money as paper currency in circulation.. but now we're in the modern era.

But then the problem arises... With this "modern era" comes this beautiful thing called credit. So long as people keep borrowing money, they're in trouble. Notice how credit score's only take into account your credit cards, why not debit cards? Because they know people whom have credit are more likely to spend it, and in their minds think "i'll be able to pay this, and it will even help my credit score"... Funny huh? And honestly there's nothing we CAN do about our current system. Our president is a puppet controlled by the banks and powerful corporations, congress itself isn't much different, other than they can also be bribed making them much easier to control.. So long as this so called "Democracy" (which is ironic since america is a republic) dominates.. We're all stuck without a true voice.

Lemme give you an example before I shut up, if you live in New York, and you would like to speak to your congress man about any subject or matter, chances are they'll:
A. ignore you
B. send you a letter saying they'll think about it
C. Say they can't do anything because they're on the committee or something against it.

What do you do if you want to speak to a congressman that IS on your side, but is a representative of another state..?

Riddle me that..

Thanks for reading this rant though guys,

-T.O.

Okay come on. This is why so many rookies turn away from Bitcoin and all the cryptocurrency..

Look here's the truth, no one can "predict" exactly what difficulty we'll be at in 6 days, 6 weeks, much less 6 months. Yet, there are two ways to make "profit."

One is to simply buy the bitcoins, and wait until the price goes up. Just remember, in 2013 BTC was at about $12 per BTC... Some people made some SERIOUS profit when they purchased bitcoins before they were even in the double digits.. So, it's still possibly to do that, but obviously the return wont be as great because the current BTC is at ~$385 USD.

The other way is similar to the above one, except that this is what we've been talking about. Mining you bitcoins. Simply get an ASIC that has good wattage/gh (usually anything below 1.0 watts/gh is acceptable, the newer ones can range from anything 0.5 to 0.8 watts/gh). This is CRUCIAL because someone has to pay the electricity bills right? Nobody gets "free" electricity. Even if you install solar powered or even wind powered, you'll have to pay upfront for this & maintenance, etc. But, the thing about mining is that you can keep getting Bitcoins. That's how mining and purchasing are different. And if all else fails you can sell the miner, and make a little extra down the road

So, obviously, no one can tell you when you'll hit ROI, if BTC will go up or down, heck back in 2013 (about a year ago) the big players, BFL, KNC, etc. did "pre-orders" jesus was that a scam. Honestly SOME companies kept their promise and delivered. those that got their ASICS first got the big profits.. If you could afford those prices. KNC for example made some of the most powerful miners.. except they've had a serious issue, and still do to this date, with the ASIC cores.. they say that anywhere withing a 20% failure of cores is "acceptable"...

Anyway, it's up to you how you play your game. But I can tell you this, with a pretty good certainty, you won't make your ROI with an ASIC at this btc price. Specially because you won't pull your BTC every hour and sell it for USD.. Pull the BTC away from mining pools (thumb rule) and keep it in a (preferably software) BTC wallet, and as I said, wait for a spike

As aggressive as seriouscoin was he has a point. The "goal of mining is to keep the coins, wait for a good/high spike (like we had a year ago when btc hit $1k good times.. non the less think about it. Are you just going to sell every penny of a bitcoin that you get as it comes in..?

You mine. You hold it. You wait for a spike.

How much are you willing to spend. I'll be nice and help you out. Just remember that the higher the investment, the higher the returns. Give me a half hour ill draw up something for ya. And tell me if you're including the price of PSU's.

Just not I'm not accountable for any loss but ill welcome profit you're willing to share haha

Using the given s[ecs, you'll find that the SP 35 has more gh/s than the AntMiner S4, even if you multiplied the s4's by three the SP 35 gives you a much greater profit. Here check it out, (this uses a 26% increment in difficulty per month, with 13 being the average for every 2 weeks.)
https://tradeblock.com/mining/a/1545a442ce
The thing is though, you can't make an ROI. The network is too based on large-farms, those that have cheap access and plenty of starting money to purchase large volumes of goods. Hence why the companies sell cheaper if you buy more. Because they know that this is how it works, and also allows them to sell to re-sellers and the large farms.. It's how the system works.

Until someone figures out a cheap and powerful rig that is only available at 1 per costumer.. Us single-home miners are stuck out of the game..

Of course, then with the sp35 comes the big problem.. How do you power a 3500w 208v rig.. Can you even power that from home? Only the A/C, water heating that I can think of require such power..

I was one of the usb rookies you know. I purchased 5 Ant Miner U1's for $57 each and thought I got a deal(average price was $60 each), and a USB hub from Anker and a cooling fan for the "rig," And so, I began. Back in January.. Mined for like two ish months and realized I wasn't getting anywhere. I did "mine" with my gpu, if we can call it that, but no matter which one i went with BTC or LiteCoin, wasn't going anywhere. So I figured, try some ASIC. And I found the ant miner u1's. Went for it.. Now I'm sitting here with 5 flash drive looking things that can't store anything, a usb hub (only good thing out of this deal lol) and a random fan that's got more dust on it than my ex.. So... I know that's the question that's worth the million, but I want to hear other's opinions. I've got the money for it.. Should I go ahead and get the 3 T1's? :3 I got bit-back hard with the -360 (Yes, negative) because I NEVER made my ROI from the u1's.. and here i am. I lived it. And it's curiosity that drags me back in.. But it's experience that's telling me to rethink it.

Thank you, I did what I could with what I had. I just did some quick mathematics to find out what it would be worth/like. But the case is, the Rockminer T1's give the highest Mh/s per USD than any other miner out there. But it's in great part due to its high-needed power requirements.
More math time.

For the total investment was stated earlier of $480, you can purchase 1. Right? So lets say we get 3 of these puppies and haul ~2.7Th/s (or 2,700Gh/s) Overclocked, at a price of about $1450. (Add shipping depending on your needs)

Now, we need to figure out how much ~2.7Th/s (using the ~ (about) sign because variables play a lot, so I'll use the max safe overclock)
With an hourly rate of $0.63. For daily mined it would be:
$0.63*24 = $+15.12
Now the power consumption also triples, because instead of 1000w, we'll need 3000w, and using the same rate of $0.095 per hour per unit. So:
$0.095 * 3 = $0.285 per HOUR that the miners run.
And to figure out the daily,
$0.285 * 24 = $-6.84 per day.
So adding them up, daily you'll get a profit of :
15.12-6.84 = +$8.28 daily.

As for paying off and getting your ROI, it would be about the same as if you had one because your total invested went up, but so did your mining power and they did so proportionally. but lets do the math for it using the profit.
$1450/$8.28 = 175.12 So about the same days, or a little over 6 months. Now the same notes apply as my first math post. But the questions arises.. Is it worth it?
as Chris_Sabian stated, the companies sell them or use them depending on the outlook of profits.. So, as he said if profits for Selling > Self-Mining, how is that supposed to make us costumers feel better about going about and purchasing such products if these companies felt it didn't provide as big a profit..

Would it really be profitable to use the rockminer's T1? Consuming 1000 watts per unit, and add on that you need your own PSU, lets say with about $0.095 per kwh, It would consume $0.095 per hour, right? And makes about $0.21 (current market value) USD if turned from BTC.... I can make a $0.115 profit from using the miner. to find out days, let's multiply these factors by 24 (to find out 24 hours in a day)
$0.21*24 = $5.04 produced
$0.095*24 = $2.28 cost for power
and the total profit (produced - cost for power)
$0.115*24 = $2.765
Now the price of a rocketminer (going to use zoomhash for this if you would like to check) is about $350, plus a power supply unit, (http://www.newegg.com/Product/Product.aspx?Item=N82E16817182188) would be $130, plus or minus $15 depending on the unit. So,
350 + 130 = $480.
To figure out how many hours you'd have to mine let's divide the hourly profit from the total price of hardware.
$480 / $0.115 = 4173.91304 hours.
So, 4173.913 hours to make an ROI at current market price. to find days,
4173.913/24 = 173.913042 days, or 174 days to make your Return of investment (how much you paid to begin with)

... Is this even viable.. making $2.765 dollars a day per miner...?

Then the question arises.. If it's so profitable to mine, why don't companies that make the ASICS use it themselves?

Anyone willing to answer, share thoughts or comments is truly welcome because I was looking into purchasing 3 Rockminer T1's.. But after the math...

Also - what about heat? How much heat is produced per unit? Even with fans, heat has to go somewhere.. That somewhere being the room the miners are in. So about how much is produced if anyone has had or has one I'd appreciate it.

*NOTE: THIS IS NOT IN ANYWAY 100% ACCURATE, PRICE OF BTC CHANGES CONSTANTLY AND IS SOMETIMES NOT PREDICTABLE.
**NOTE: I used Coinwarz.com to find out this information at an OVERCLOCKED miner which has a hash of 900gh/s MAX.. but the hourly mined would be $0.19, and the profit would be about $0.95 (US AVERAGE FOR SOUTHEAST RESIDENCE) if you had it at the stable clock of 800gh/s.
***NOTE: Price of powering the units may change according to your location.

Hey all,

I'm somewhat a rookie with Bitcoins and was thinking on getting three Rockminer T1's, with only ant miner u1's as previous experience.

I just wanted to know if anyone had successfully set them up and how long did it take you? Also, about how much does each t1 weight?
Yes I did look at doggie's set up guide, but wanted to hear from previous experience.

Now for the real question, is it worth investing in miners? Because the thing that comes to my head is if they have the money and power to make them.. why do they not use them themselves?

Thanks,

-TheOutride (T.O.)