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1  Bitcoin / Mining speculation / Has Bitcoin mining ever been so unprofitable? on: March 12, 2018, 09:59:51 PM
I've been mining for a little over a year with my first S9 arriving in Jan 2017.

During this past year, no matter the price, it never dipped below an equivalent of $15 per machine per day.  The last two months, however, the difficulty nearly doubled and daily profits have dipped down to around $8-9. 

I'm considering expanding into a warehouse, as I live in an area with relatively cheap electricity available in the countryside and can maybe get ahead of the game ... but is it worth it?  BITMAIN and others have very large facilities of 300,000+ S9s;  I called the electric company and BITMAIN is paying around 4.3c kW/h.  The public electric company has a moratorium on any new mining farms and are, likely, going to increase the upfront costs.  I was pointed to this document from WA: http://www.chelanpud.org/docs/default-source/default-document-library/bitcoin_information_final.pdf

I know there are some people who were around in 2014 when the new miners weren't being delivered and price was so low people were turning off their miners.  Can anybody tell me what that was like? Has the profit ever been this low?  I'd appreciate any insights.

Best.



 
2  Economy / Service Discussion / Adode does not accept Bitcoin payments on: July 03, 2017, 04:52:18 PM
I have recently unbanked myself and Adobe does not accept BTC.  I can use my BitPay card, but that's just ridiculous.  I offered them $600 in Bitcoin for a year and they said, "Bitcoin is not money. Let me explain to you about money.  Can I use money from Russia in the United States."  I told him, "yes, if it's in Bitcoin."

They don't accept Bitcoin.  It would be helpful if they did.

If anybody wants to advocate for Adobe to accept Bitcoin, which I think we should really focus on getting as many big companies as possible to accept it with S.1271, here is there phone number.  Simply ask them how to make a payment with Bitcoin and that you would like to pay:

+1.800.585.0774
3  Economy / Service Discussion / Looking for colocation ASIC miner hosting on: July 01, 2017, 07:46:36 AM
I have one S9, currently, and an incoming L3+ that I would like to send to a host.  

This has worked well in the past and the individual I use for my other units is full.  

Does anybody have a lead or know somebody reputable or have negative experiences to share?

The ideal situation would be:
  • month-to-month
  • pay in BTC or PayPal
  • VPN access
  • positive reputation

I appreciate hearing your thoughts on the subject and potentially introducing me to someone.  I can't have these in the house.  

Thanks
4  Alternate cryptocurrencies / Service Discussion (Altcoins) / Coinbase: Discussion on Buying Litecoin on: April 20, 2017, 02:40:42 AM
I have seen discussion here and there about Coinbase offering a new Altcoin. One option has been Monero and another is Litecoin.  I'm pretty new to LTC (e.g., I did not buy at $50, but $5).  I heard Coinbase was considering this and came across this thread:

https://community.coinbase.com/t/litecoin-in-coinbase/13388/

I know there is a backstory with LTC, but do not know it.  What are your thoughts on Litecoin and Coinbase accepting it?

Thanks for your contributions.  Grin

5  Alternate cryptocurrencies / Mining (Altcoins) / 504 Mh/s 800W Antminer L3+ Litecoin miner ??? on: April 11, 2017, 06:17:33 AM
Is this for real:

http://www.ebay.com/itm/Brand-New-800W-Antminer-L3-Scrypt-Litecoin-504-Mh-s-Miner-2017-/162468397993?hash=item25d3df03a9:g:QBQAAOSwpP9Y7Gx4

What a bargain  Cheesy

6  Bitcoin / Mining support / I need quiet in my house! Sound control techniques for S9 miners? on: February 27, 2017, 11:49:20 PM
Howdy all,

This is a common problem without common solutions.  These S9s are crazy loud and I only have one with another to start on Wednesday! 

The only way to make a profit, which is ultimately how you sustain the BTC network, is to run the most efficient machines.  I currently run an S9-13.5 TH/s and the sound is driving me bonkers! 

What are some ways to keep muffle the sound? 

I've thought about sound control room dividers, acoustic absorption panels and building a little server room type box with an in/out that may be quieter.  I only have two ... maybe three in the future. 

How do you quiet the noise from traveling like a train throughout the house?

Thanks.
7  Bitcoin / Bitcoin Discussion / Watch the world currencies flow into BTC in realtime on: February 18, 2017, 05:01:13 PM
I came across this cool site and thought I would share it with you:http://fiatleak.com/

It shows money going into BTC live into each county and currency. This is pertinent with the current geopolitical climate with China, India, trade policy discussions and such. 

Do you know cool analysis sites?

Enjoy!
8  Bitcoin / Mining support / How do you power an Antminer S9 in USA / Canada with 110v? on: February 13, 2017, 05:14:48 AM
Huh Huh Huh

I bought one of the BITMAIN psu units and realized it's for 220v and I do not want to hire an electrician.

I've looked at the ATX power supplies like EVGA 1600 series, but have also seen / heard server power supplies work.  Is this true?   

What do you think is the best way to power the Antminer S9 using 110v? 


íMucho gracias!
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