 Show Posts
|
|
Pages: [1]
|
Actually power is not a wild variable, you easily obtain your KWhr price on your electric bill and every miner and PS has the stated draw. So a A6 draws to be conservative 1.1 KW, then go here http://www.rapidtables.com/calc/electric/electricity-calculator.htm and u will get your cost of electric...super simple. I no one is making any money mining currently unless your electric is under 6cents, with the current price of BTC. The only ones making money are the people selling the miners or possibly trading. Buying any more rigs at this time is a losing game. I pay zero. Others on the island pay from .17 to .49 per kwh, depending on if they have any pv or not. The same scenario applies everywhere. That's what I meant by "wildly." It's not complicated to figure kwh cost, I think. My data center has extremely low power costs, and therefore an A6 is profitable in that venue at about 30% net. To be fair, this A6 will be in a zero cost venue...and I figure the next gen machine will be out by the time I ROI this A6. You are the 1 percent  |
|
|
|
Caanan's got their new shop up and running...got a note from Jon a bit earlier using their new GUI for ordering, etc. Looks nice, seems to work well. New A6 on the way...hopefully more after that. All sorts of "new" today.
Mine on.
How can I get to their ordering system? When I click buy now on their site it takes me to email. What's the estimated profit per month of the A6? Thanks Use the e-mail to initially contact, and they'll set you up with a user ID and give you the logon link. Then it's a different URL for logon. The A6s pull about 3.5TH. One can extrapolate from there, depending on what your overhead is. Since I don't pay for power at home, the A6 will (given current conditions) produce around .00875/block (and also assuming my current pool performance figures), and at an assumed average of 4 blks/day that's about 0.105BTC/mo for that machine. At today's spot that's around USD$62. However, if you have to pay for power it will cut that substantially. My power costs at Labrador are low enough that an A6 would still be solvent...would not be making a ton, but profitable. My plan is to put an A6 here, then place any further at the data center. Once Canaan puts out the expected next-gen box, I'll be in a position to do the same again...one here at home to start, then any further to the data center. I like to run a machine here at home for at least a couple of weeks to get familiar with it, etc. After that I can drop ship new ones direct. Bottom line..."estimated profit per month" for any machine is a rather sketchy computation. Power costs are wildly variable. Actually power is not a wild variable, you easily obtain your KWhr price on your electric bill and every miner and PS has the stated draw. So a A6 draws to be conservative 1.1 KW, then go here http://www.rapidtables.com/calc/electric/electricity-calculator.htm and u will get your cost of electric...super simple. I no one is making any money mining currently unless your electric is under 6cents, with the current price of BTC. The only ones making money are the people selling the miners or possibly trading. Buying any more rigs at this time is a losing game. |
|
|
|
Depends on which exchange you're looking at, I guess (re spot)...but it's around 500. I'm not worried at all. I'll have to buy some (I hope) tomorrow to pick up on a couple of A6s. The seller is really getting the better end of it, perhaps.
EDIT: I do, however, agree with Con that it's a bit early if you're doing it for ROI. I'm buying because I have to. Otherwise I'd just hold for now.
What i do not understand is a A6 is 3.5- 4th...at current price thats 79.00mo based at 527.00BTC electric based on 7cents @ 1.1kw is 56.25. Thats not much of a margin for error at this time. |
|
|
|
|
Well today is a full on sell off, maybe time to buy but not time to mine:(
|
|
|
|
|
Just wondering what the thoughts are on the current BTC price, if the price stays below 600 who is buying any S9's. Unless your electric is under 5 cents your not making any money. Rentals is a total waste at this price. The pain point is here , I am just wondering how much people are willing to lose.
|
|
|
|
CK and Kano do not have to lower their fees to get people to move here. Think about it...
How will the one's you want to move here KNOW the fees are lowered UNLESS someone gets the word out AND those people happen to navigate to a website giving them the words to get them to move?
Plenty will move here based on current stats and fees without lowering fees IF people will take the time to get the word out like myself, Phil, and MANY others have done in the past. Phil, created a couple of threads on the subject of moving. I sent out approximately 150 PM's to different users on bitcointalk.org to get people to move here. I'm quite certain several others have done the same.
The problem is getting people to move whom we cannot reach because they never navigate to bitcointalk.org or spend much time on any other websites with the news about CKPool.
But again i have thought about it and again it is goal orientated, it is a loss leader and nothing happens unless they reach the required benchmarks since it is their profit margins they need to manage. As to getting the word, there has to be other places for brand recognition than this forum. I found this pool from a guy i saw on youtube last year talking about pools that he has used, at the time it only had about 1000 views but it brought me here so thats a start. |
|
|
|
Kano and CK should NOT lower their fee. What they have set up now is better than any other pool and very fair.
That's why its called a loss leader. Plus no fess are lowered unless the goals are met. Goals not met , nothing paid out. There are a lot of other smaller pools out there where people could jump ship. Plus some none chinese that are bigger, people don't switch when people do not know. Raid 10ph from Slush and boom your on your way. Most people will set it and forget and are passive regarding their investments. I was not trying to say that Ck and company are not worth greater compensation. I am just saying for the Chinese point of view they do not care. We had a great day today and i was proposing to position this pool for the future. Yes of course mining is random but within 60 days i will bet anyone Bitmain will be 450 and F2 will be 400. These 2 combined already have 77 blocks for the day and they are shooting for 100. From a business sense it's time to position and figure out a way to knock off the weaker pools. My company is already hedged with Eth rigs anyway so no big deal . But now it the time to pounce while u still can. |
|
|
|
Kano's going to have his hands full getting all of these payouts done!
Here is just a thought. The barrier to entry in bitcoin mining is basically affordable to all, the barrier to profitability is not. Let's not kid ourselves, your not buying 7, 8 ,900 dollar rigs just as a hobby but you do it to make money which will afford you a hobby. All this being said i see the big Chinese mine with a no prisoner taken alive mentality as it should be in business. I see everyone complain but who cares, we will not be able to beat them, at least we can get this pool up to a level where maybe we can suck a extra 10 blocks a day from these guys. I went to a few pools over the months and settled on this one since after reading the forum each day users and owners seem actually nice to each other and no flaming, the owners are actually in the forum and answer peoples questions. My proposal to you Ck is, RAID THE COMPETITION. I do not know what your profit margins are but maybe its time for a 3 month loss leader and in the end if it works you will more than make up for it. This pool runs 30 to 36ph usually from what i have seen the last few months. 1)Some type of increase payment to the miners if the pool has a avg rate of 40PH but it only kicks in after 2 or 3 weeks you know the best time frame for this, then the next goal is 45 then 50, your the best to decide the increase whether it be by 10 or 5. Make it a 3 month give away up to the halving. Let be known and let it be loud. People will come since your stats match up and are way better than most. I am positive you can slag off from Slush and all the others except the chinese but who cares. 2) If you can slag 15 to 20ph from everyone else you are set for the halving because if the people switch they will see this pool is profitable and wont go back and (not to sound to cutthroat) the other pools will be decimated and might close shop and that leaves you standing with the remaining people switching to you. Either way you have nothing to lose since if the PH falls below the goals there is no increased payouts. We will be pointing all our new miners here. I believe in this pool so hopefully we can get the word out since there is gain for all. Thanks GP |
|
|
|
|
