Hi all, I'm new to this world and would like to get an ASIC miner, just for fun: I don't need one to earn, but I'd like it to pay its current bills and, on long time, to pay back its price, maybe.
If this is your aim then the data you are looking at is missing the two of the most important parameters. The efficiency of the Miner in J/GH and your Electricity cost in Cents / KWh You must use these to work out how much money you will be making at the current difficulty, and then factor in Difficulty increases and the all important Halving that will take place in the first half of 2016. Someone will point you at an online calculator to help you in this. Rich That is scaring me a bit. I rent a 1800GH/s miner for a day and earnt about 6€, so I guess that a 900GH/s machine would produce roughly 3€/day. Given the price for my current, I pay 1.1€/day to keep a 700W miner running, so I could get about 1.9€/day. The halving means that those 3€ will became 1.5€? That might be pretty bad Your electricity cost is way, way too high then. You'd have to go for something more efficient and even then, if you can't ROI before the halving, you probably wont at all. You could run the Math with a S5, see if you can get your return before then.
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One of my S5's has been a bit weird since I got it, showing a non-existent third chain. It mines fine at standard speed, but it has a habbit of crashing every 4-5 days and requiring a restart. I tried reseating the control board which didn't help, also tried moving the ribbon cables from the ASIC boards to the other open connectors...but that makes the second AND third chain disappear so it then mines at 50% speed. I figure it must be a controller problem otherwise it wouldn't hash at full speed for 4-5 days but not sure what else to try to get it stable, feel like I need to get rid of this phantom third chain. Anyone else seen this? Any suggestions on what to try to get the miner stable or am I SOL? Hahh, i'd edge toward just using a cheap fix. Have your mining monitor auto restart the miner every 3 days or whatever. Still i never seen this issue with a controller before, did you try all 4 slots? I wonder if it could be simply one of them has its signal cross so its thinking there is an unpowered blade on it. Still icky, a controller that is starting to show issues could be a symptom of a bigger issue. Or it could be completely fine other than these little quirks.
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Just the first fan would be enough to pull enough air out. As long as the hot air does not get trapped, it depend on how you setup your circulation. It would be a pretty expensive setup but it would be pretty cool.
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Hello,
i got some btc from a friend and i wanted to buy a bit hashing power on nicehash. I want to mine in the antpool but i cant really find out how it works. I have the Ips (there are 3 of them) and they put in in the example "antminer.1" but how do they pay me? I have edited my account on the antpool with my btc adress but i cant add a worker only a "group".
Is it only possible to mine there with an antminer?
My antminer s3 is defect :/
Why would you want to rent hashrate at Nicehash at a premium, to then mine it on Antpool by paying a second premium, to mine some BTC back at a loss? Like you could put in 1BTC and you might get 0.85BTC back. Whats the point?
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Hi all, I'm new to this world and would like to get an ASIC miner, just for fun: I don't need one to earn, but I'd like it to pay its current bills and, on long time, to pay back its price, maybe. My choice is between two devices (of course suggestions are welcome): - Dragon Miner T1 - 1TH/s and 1kW, low price, seems great but I'm still unsure about its overall quality. - 2x Antminer S3 - 450GH/s and 350W -> 900GH/s and 700W in total. More GH/s per W, but price is slightly higher and the external power supply might be "unhandy" What is your suggestion? Any experience with the Dragon T1? It seems like a Chinese miner (while I don't expect the Antminer to be USA-made ). Another question, what is the difference between the S3 and S3+? I might get the S3 or the S3+, the seller is not clear, is this a deal breaker? Any help or suggestion is appreciated! Thanks There's no difference between a S3+ and a S3. Beside the first batch of S3. Some S3 and S3+ overclock better than other, either way its something you need to individually check with the seller before buying, its not specific to the + or non + version. I would probably go with the S3's because they're more handy.
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is there a way only to mine bitcoin and not the other coins sorry if its a stupid question im quite new to this cheers guys
Its merged, so it does not matter anyways. You can pretty much ignore the merged coin since the amount you mine have nearly no value anyways.
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Looking nice so far, trying to do the switch from M's Miner Monitor.
Is there a particular reason BitcoinCZ is not in the pool thing? Not sure what that feature even do, but i was wondering if they did not have the API or something!
They're also known as Slush pool. We'll rename it in a future update. I'm aware of Slush's pool which is not in the list, which is why i am asking. Maybe i did not get the latest version branch when i downloaded from the website?
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This is a serious question. Obviously the newest round of ASICs is coming on line at 0.25 J/GH or better in the past few months, and we have seen difficulty increase as a result.
At today's price of $460, and an implied forward difficulty of ~95,000,000,000 anybody with over 0.75 J/GH will be mining at a loss and presumably taking those rigs offline (assuming prices stay here or decline).
For the sake of argument, assume everybody over that threshold removes themselves from the network. Does the remaining hashpower still sustain a 95B difficulty? In other words, is the amount of new ASICs coming online over the past few months and in the next few months enough to replace what will be removed?
(I have no idea, but I actually think there is more hashpower coming on than will be removed).
Considering 1.1 J/GH is still profitable here and i live in Canada, which is not a place with effectively free electricity like Venezuela, we still have a long way to go before 0.75J/GH become unprofitable. After all, many industrial setups have even cheaper electricity than be, where they can run 2 J/GH at the moment profitably. With the BTC price rising, the difficulty will not only be sustainable at 95B but will most likely raise by another 30-50% during the next few months.
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Trying to build an outdoor Shed for the summer bitcoin mining here in in HOT and HUMID Houston. Need advice and would love to see how other people are handling the heat and humidity running these equipment in an outdoor shed without AC and just force AIR. I have a space for a 10L x 10W x 7H Shed and would like to run about 5-7 Antminer S7 or Avalons. at up to 8KW+ of wattage, the normal formula calculate for AC is WATT x 3.14BTU for cooling and I think 24K BTU is just way too expensive to run for such a small setup for FAN Exhaust and FAN to blow the hot air out is what I'm been recommended. Would love to hear success stories and learn from everyone's experience of whether this is a good or bad idea.
Yes, don't use AC. There is no problem doing this imo, just gotta keep in mind that your air intake, during storm could blow in water. Mine is protected by being at ground level and covered by a balcony, so water does not get in, unless there's so much wind that it can uplift water. There is probably bunch of ways to go about this but the easiest would be to have a mostly airtight shed with a high performance fan at the outake, with some holes open at the intake that does not allow water in. This is usually done by simply picking air from bellow something. Either you put an outdoor shield or you take air in from holes under the shed.
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Not all, they all start as a normal legit company but by the time they start delaying the payment and become "retiring" from this business and i can call them as ponzi site.
Starting as a "normal legit" (Paying) company is exactly what a Ponzi is, tho they pay the new customers with the previous customer's money. When it become unsustainable they suck all they can and run. *Cough*Garza*Cough*
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Do you think i should try reseating the outside heatsinks ?
I wouldn't waste your time on this, its such a small amount of hash rate that is likely unrecoverable anyway. There isn't even anything you can do for dead chips but see if it spontaneously resolves itself. While i was waiting for your reply i popped off the heatsink anyway. I could see the source of one chips problem, a crushed component labelled FB14. Looks like at some stage somebody tried to re apply the paste but over tightened the heatsink, or knocked it into components while trying to put it back. I suspect the same is the case with the other side hash board. Well if you want try to find out what the component is and try to track some down. Then acquire them, then solder them into place. Then you'd get another dice roll at making the miner work, but there is also a very real chance that it is not the only problem. All in all, seem like a lot of work.
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Depends on your electricity rate, if you already have a datacenter-like setup to place the miners in, etc. Maybe give us more details on your situation? You can't buy knowledge. Spend a few dozen hours educating yourself before you proceed with your venture.
I'd sell my knowledge Consultants and specialists get paid for it all the time. Of course, this is a lot of money to entrust into some dude on the internet.
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Are you switching all your PSU's to server PSU's?
If i "sell" those two 1100w server PSU (Quakefiend's) we discussed a few days ago, it would be to buy EVGA G2/P2. If you're trying to do the same, but to selling EVGA's to get Server PSU's, maybe we should just swap?
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The 0.78V however means nothing as it is not adjustable.
I didn't understand this part =P He means the value you set for volt does not actually do anything. Volt on the S3 is not adjustable. You can set a value, but there is nothing to pass it to, therefore the 0.78V setting means nothing.
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Can checks be revoked? That would be bad because you can't get back your bitcoins right?
You're fine after it clears, which is why this is a kind of an issue. It takes time to clear, so this would be a very slow way to buy bitcoins. Therefore its going to be a very unpopular way of doing it. Not necessarily true there are a few possibility's that might be rare but can happen. Say someone is writing checks and forging name of someone else might pass... and person notice on billing cycle. There are other ones two. But yes clearing does help with most issues. When a check is cleared, you are guaranteed to keep your money, because the process of clearing the check is verifying if its a legit transaction in all aspect. Clearing is not equal to receiving your money. You actually receive the money before the check clears. This is because the banks legally have to give you the money within a week, but it actually take longer for a check to actually clear. So while you will receive the money after a few days in your account, if you want to legally spend it, you have to wait for the check to actually clear, which can take days to weeks longer. Because this literally takes forever, people don't use check for this. The seller would have to wait something like 3 weeks before releasing the BTC. This would be pretty pointless for the buyer as well. TLDR: Using Personal checks is bad for Bitcoins. But i guess a certified check would work fine.
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Can checks be revoked? That would be bad because you can't get back your bitcoins right?
You're fine after it clears, which is why this is a kind of an issue. It takes time to clear, so this would be a very slow way to buy bitcoins. Therefore its going to be a very unpopular way of doing it.
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I have to let everyone know that Bitmain has contacted me and went through the shipping orders and has found that on my order, there were 2 hashboards missed on the shipping records. Whew! That was WAY TO MUCH MONEY to loose to replace them. So, Bitmain is still on the Good List for customer service. Good thing you held your end of the stick. I was worried for a while, if Bitmain had not given you back those blades, it would draw a pretty grim picture on what happen if your super expensive S7 does not work properly out of the box..
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A lot of peps in here want that too buddy, Why don't you try to join sig camp? It is really good opportunity, but you need at least to be a Hero Member+ so you(maybe) can earn 1.5 btc in three month as long as you have a really good quality post..
I don't think buying/selling accounts is a good practice and i don't see how he could get it done otherwise. I think it would be best if he just start slow, in real live. Saving a bit of money a month, while he could also nurture his account while already joining some campaign sig for a bit of pocket change.
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sorry didn't pay too much attention to what happens with halving in relation too litecoin.
so with bitcoin does the difficulty halve too. My S% really struggles with the difficulty at 79+
The difficulty did not and will not halve. At the moment all my antminers are doing great. Even my S1's are profitable at peak electricity cost right now. Hard to complain.
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