BTC over $270... potentially shipped S7s from B1 through B3 coming online... colder temps in the northern hemisphere... it all smells like a big jump.  So, I'm going to go with....

+5.76% to +6.00% jonnybravo0311

Yeah, that's not really a large jump in the grand scheme of things, but I think the new gear will start to come online towards the end of this period and push the difficulty up at that point.

Are you connected to the PPS payouts for AntPool?  All things being equal, a share submitted on f2pool and a share submitted on AntPool is the same value.  The difference is in the fees charged, 4% for f2pool and 2.5% for AntPool.  Realistically, you should be making more on AntPool from just raw BTC mining.  Granted, f2pool tries to make up the difference by providing some merge mined alt coins to you.

The math for calculating the share is easy: block reward divided by current difficulty.  So, with the current difficulty, the value of a share is 0.00000000041109BTC.  Now you just have to multiply the number of shares you submitted by that to figure your expected payout.  For example, if you submitted 100,000,000 shares, your expected payout would be 0.041109BTC.  On AntPool, after fees, you'd expect to get 0.04008128BTC (rounded up).  On f2pool, you'd expect to get 0.03946464BTC.

Unless something catastrophic happened (like a boatload of shares are rejected by the pool), then what you're reporting doesn't make sense.  Sounds like perhaps the AntPool code paid you out in the middle of your run and you'd expect to receive another payout for the remainder.  Of course, it could simply be that AntPool's code is completely FUBAR

That's why I posted what I did initially.  Calculators like the one on bitcoinwisdom, while they offer you the ability to incorporate a number of factors, still fall well short of providing any kind of predictive accuracy.  For example, you can only enter a static value for expected difficulty changes.  All you can effectively do is say, "at this given moment in time, I would expect this amount of hash to take this amount of time to find a block."  Even then, it's nothing more than a guess.  You could find a block with your very next hash.  Or you might never find one, regardless of the expectations.

Assuming you mean transaction fee and not transmission fee, that's interesting... how on a PPS pool does one include transaction fees to the miners?  How do you determine when paying out a share what that value should be?  I mean, it's easy to calculate the value of a share based upon the current network difficulty.  Figuring out paying transaction fees to miners is considerably harder.

AntPool's solution is easy: they keep the transaction fees for themselves so they don't have to worry about it

If you're renting gear, then you can't very well point it right back at NH .  That leaves you with the other two I mentioned: f2pool and AntPool.

I agree it's not a fully fleshed out business plan.  The OP even acknowledges this and gives some very rough ballpark estimates: $0.06 per kWh, $6 to $8 per sq ft.  I was just commenting that his proposed power of 800A 480V service wouldn't be enough to drive his top end estimate of a 5PH facility.  Definitely enough juice to deal with 1PH of S7s and the necessary cooling to drive it, though.

Virtually no online calculator will give you an expected time to find a block inclusive of predicted difficulty adjustments.  The simplified formula they all use is this:


That's a snapshot in time formula.

You can get a decent estimate by using bitcoinwisdom's calculator (just be sure to put your costs to 0).  For example, if I put in a 2% difficulty increase, it'll take somewhere around 400 days for 10TH/s to find a block.

f2pool and antpool are the two biggest players.  As far as I know f2pool charges 4%, but gives you some alt coins to help offset it.  Antpool charges 2.5% (if their documentation on the support site is to be believed).  Nicehash is also a PPS pool, but they work a bit differently than a classic PPS pool.  Pretty sure they charge 4% as well.  However, you can potentially make more than a standard PPS pool if rental prices are above expected earnings.

I'm not sure you'd have enough power with your 800A 480V setup to drive the 5PH of gear.  If my math isn't failing me (it probably is, so I apologize in advance if I screwed up my calculations), that setup would give you total available power of 664.32kVA.  If you could covert that completely to 208V power, it would give you 1846A at 208V.  Even if you could get that at a 0.99 power factor, that would give you an absolute total of about 658kW.  5PH of S7s would require about 1.25MW for the gear alone.

Just food for thought...

For which Antminer?  The S7?

Also, step 8 seems a bit off... you sure you want to tell people to brick their Antminers?

Interesting random fact: 9 of the last 20 p2pool blocks are BIP101.

To solve the most blocks, you need the most hashing power.  You as a miner want to have a decently good network connection from your miner(s) out to the internet, and a low ping to the pool on which you're mining.  This is because you want to obtain new work from the pool as quickly as possible, and submit work you've completed to the pool as quickly as possible.

3 per 15A breaker will trip.  If it's a 20A breaker, he'll be alright, but won't be able to run much of anything else on that same circuit.  Could probably run a decent LED TV and a lamp or two

Another thing to consider: exactly how much free power can you access?  7 S5s will be approximately 4.1kW.  Standard US residential power is 120V/15A circuits - which translates to 1440W available for each circuit... at 2 S5s per circuit, you'd need 4 available to you.

Maybe you've got a a 240V/30A circuit available (like where a clothes dryer used to be plugged in), in which case you've got enough juice at 5760W.  Now you'd need to pick up a good PDU to plug those miners into.

If you're in an apartment, or dorm, or something else like that where electricity is included in your rent, chances are extremely slim that you're going to have access to enough power to drive those 7 S5s.

Well, having a dedicated miner is certainly pretty hassle free - plug it in and let it run.  The problem is that most pools you're going to mine on have minimum withdrawal limits.  So, while you might be earning a few thousand satoshi a day from your USB device, it'll be a while before you can actually withdraw your balance .

You've been around nearly a year... you've had a few posts talking about pump and dumps, seem to understand how to play with cryptsy, etc.  Not sure how much I believe the claims above .

So... the exceedingly simplified answer is that if you shut down your miner for an hour, when you start it back up it will not be working on the same stuff it was when you shut it down.

Short answer: not enough to ever cover the cost of the item you purchased.

Long answer: the expected earnings of any mining device is easy to calculate.  In fact there are numerous online mining calculators available for you to use.  You need to keep in mind that there are many factors that will influence the actual earnings.  Calculators only provide you a snapshot of expected earnings given a specific network difficulty.  The simplified version of the formula to calculate expected earnings per day is as follows:
So, assuming that miner hashes at 3.6GH/s, as of right now it's expected daily earnings are:
Therefore, at this network difficulty you would expect that miner to make 0.00002977BTC a day.  At the current exchange rate of $244 USD per BTC, that translates to $0.007 per day.  In other words, you're mining less than a penny a day before you take into account the power costs to run that miner.

Early last year having 10TH/s mining you might have considered going solo.  Now, a couple S7s will get you ~10TH/s while only drawing about 2.4kW.  Could you go solo?  Sure, if you can accept the expectations that finding a block would take about 302 days.

Sorry for the confusing way I wrote that .  The 1.6BTC is per person in the 5 man group the original post suggested.  You can rent 1PH/s for 24 hours for 8BTC on NH/WH.

Unfortunately, you're right about it being a catch 22.  Too many people in this ecosystem have been poisoned by scams, ripoffs, vaporware, etc.  It makes for a bunch of very jaded folks who are quicker to lash out at anything new, than to try it.

Bitcoin pools are a hard sell, and you've definitely got your work cut out for you.  Giant farms aren't going to throw hash your way because you're an unknown commodity.  Hobby miners are wary of giving you any hash because most are barely squeaking by as it is, and the gamble of a new pool that has yet to find a block is simply too much for them to bear.

I wish I had the "killer app" that would make people flock to a new pool.  Of course, if I did, I'd probably be implementing it myself

+5.26% to +5.50% for me please.