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1  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 21, 2014, 07:44:21 AM
I meant 100 KW daily draw, put the /h by habit.  Each of the rooms in my house has 6-10 outlets of the 20 amp kind.  My wife and I usually use anywhere from 80-150 KW a day, depending on appliance usage, my computer alone with all my monitors and stuff inside it uses almost 1.7 KW/h.  I'm not certain of the specs, but I was told by the electrician that set up the house that my house could easily handle a 1,200 KW draw daily on all circuits without any worries about issues, though he wasn't sure when or what I would need that much power for.

I'm planning on buying a Tesla sometime, but I'd like to make some more money before I drop another 100k on a vehicle.  The more power available to my house increases the likelihood I can install a SuperCharger at my house.

EDIT:  I re-read your post.  The 15 amp "circuits" you're referring to are the amperage ratings of a standard 120v wall outlet, which there is most certainly not 1 per room.  Distribution is controlled by the breaker box, which is essentially a large circuit distributor, and the draw amount is requested via the outlet.  I'm halfway confident you don't know what you're talking about.  

RE-EDIT:  I understand now what you're saying, you're referring to the circuits controlling the outlets inside the breaker box.  I have 3-5 breaker circuits per room rated at 20 amps each, not including the separate circuits for all the lighting in the house that's ceiling mounted.  My house has 2 breaker boxes in the garage, both with 30 circuits each, I'm very confident in their abilities.
2  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 21, 2014, 03:42:47 AM
HA!  I'm not quite sure I'm willing to spend $425k on a non-refundable investment.  I won't even spend that much on a car (at the moment) and my last vehicle cost me 112k fully loaded.  Wife wasn't happy about that one, but you know for sure I fucking am with a brand new GT-R fresh off the line.

I've ordered a single S4 and will debate getting more depending on the success and cost this one unit runs me.

Still wishing I bought a shit-ton of coins when I originally found out about BTC, it was like 20 bucks for over 10,000 at that time.  I had a friend that accidentally threw out a hard drive that had over 30,000 coins on it.  Had to stop him from killing himself, and he still bitches about it every single day I see him.  I would too probably.
3  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 17, 2014, 05:57:39 AM
The circuitry in my house can easily handle a 100 KW/h draw from a single outlet with no issues with the current equipment, all of my wiring in the house is VERY thick.  I paid for my house to be custom built on land I purchased in 2012 with the best equipment I could afford within reasonable usage amounts, so I don't have to replace anything for a long time, and it will help retain value in-case we move.   Plus, 60 TH/s is only around 36 KW/h with AntMiner S4s (Supposedly), and is definitely not energy worth of 60 housholds, so that really won't be a problem at all.

I do, however, believe I will simply purchase a single AntMiner S4 at first to prospect, because if it doesn't give me what I want, I can always re-sell it.

Anyone half one that can rep it to give me an idea of what to expect?
4  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 09:42:02 AM
By that time I'm sure just using proceeds + advances in mining hardware could get me into PH/s by myself if I became serious enough and saw the money, at that point I'd probably get a dedicated location that's not my house though...

It seems profitable enough with only 50 TH/s - taxes, even that is about $50k in income for 1 year (assuming average price does not change)  If I use that solely for buying more hashing power I can get up to 150 TH/s, which would have $115k of profit, even halved would still be around $57k by 2016.  Supposing this 4 year cycle is correct, that would be 57k a year for profit for 4 years, at which I'm sure I could sell the equipment off (assuming no failures) for around half of what I purchased it for.

If I continued to add equipment with proceeds, the money would just keep going up assuming BTC does not lose value from saturation.  But if the World Bank picked it up as a use-anywhere currency, I expect the USD value to skyrocket really.

Honestly though I'm thinking about just buying some Chick-fil-a franchises, but that requires constant work, and I don't want that for a while, even though my wife would be happier about that decision because she LOVES their sandwiches...

EDIT:  Anyone have a AntMiner S3+?  I have around 3 400W power supplies laying around the house and might use 1 to find out if this is worth my while.
5  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 09:17:10 AM
Is the difficulty increment really 20%?  That seems way off.   And i'm looking more for something like shares generated per second per GH/s, because I'm sure PPS varies per pool.
6  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 08:59:54 AM
Believe what you want, I'm trying to get information, not show off, was just explaining my situation.  $700k isn't really a lot of money anyways, if my wife wasn't still working, I would run out in around 18 years continuing with our current lifestyle.

On another note, is there a calculator that can estimate shares per second based on hash power?  I can't seem to find one to calculate PPS.


EDIT:  The only thing I can find concrete related to BTC is treat it as a stock option that's gifted, so it's taxed depending on when it's sold after the gift.   This would be taxed at 28% or 25% for my income bracket, still profitable, though I would probably need a bit more than 60 TH/s for my goal of $70k passive.
7  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 08:42:17 AM
Northern Idaho.

And I have not figured in taxes, what it is categorized as?  I was thinking I could claim it as a business and write off the electricity under operating costs.

The 2 Th/s rigs I were looking at are the Ant Miner S4s.

I was thinking of buying a small rig, an Ant Miner or such and showing her profits from it, seeing if that could convince her.  Our current situation is our bills are low enough that we can pay it with half of one of her paychecks, but if I start mining without telling her, the $600 electric bills will be noticed.....  I don't work and just sit on a trust fund from parents with around $700k in it, but it's not making me money monthly (not alot at least), and I don't trust the stock market at the moment.

I could spend it on things, but then I would have no money, so I would rather spend money on something that will make me money, before I start spending money on things that cost me money.
8  Bitcoin / Mining speculation / Re: Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 08:25:59 AM
Yes, .088 USD per KW/h.  I've been looking at mining calculators and such for my figures and even 10 TH/s will generate 11k in profit annually, and 20 KH/s would be about 24k, but I'm looking to add on as the profit comes in to expand eventually up to generate at least $70k/yr in profit. 

I have plans for a dedicated metal shed complete with AC units, vents and a breaker box eventually, but with just my house, I estimate that I can run at least 60 Th/s safely in one of the rooms with a few window AC units.

I was seeing that with 60 TH/s it would only take me a month to generate a full block solo, so I thought that might be more profitable.  I was however looking for ballpark figures from someone with around the same power that I was going for (10 or 20 TH/s)

The real challenge is convincing my wife.
9  Bitcoin / Mining speculation / Thinking about purchasing 20 TH/s worth of hardware. on: December 16, 2014, 07:29:47 AM
Would it be a better idea to mine solo or go for a pool?  Mine BTC or some altcoin?  If pool, which pool should I go with?

Price per KW/h where I live is .088 KW/h.

I'm also debating only getting 10 TH/s worth, and then purchasing solar panels for power, but need opinions of those more experienced before making a decision, any advice would be appreciated.
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