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1041  Bitcoin / Mining speculation / Re: As some of us enter Winter, here're some calculations on true cost of mining on: September 16, 2014, 02:34:07 AM
Somebody needs to invent a thermostat for bitcoin miners so that they kick in once the temperatures drop too low.
1042  Bitcoin / Mining speculation / Re: Best Mining Setup with Free Electricity and $1500 Budget on: September 15, 2014, 02:06:35 AM
This 1600W LEPA has a $60 rebate until 9/20/2014 bringing the price down to $240

http://www.performance-pcs.com/catalog/index.php?main_page=product_info&products_id=34094

I've never ordered from these guys though.


that is a multiple rail pc tricky to set it up.  I have purchased from them before.


Ah I forgot about the multiple rail stuff.  Good catch and thanks for the info!
1043  Bitcoin / Mining speculation / Re: Best Mining Setup with Free Electricity and $1500 Budget on: September 13, 2014, 01:37:00 PM
This 1600W LEPA has a $60 rebate until 9/20/2014 bringing the price down to $240

http://www.performance-pcs.com/catalog/index.php?main_page=product_info&products_id=34094

I've never ordered from these guys though.
1044  Bitcoin / Mining speculation / Re: Best Mining Setup with Free Electricity and $1500 Budget on: September 13, 2014, 01:32:04 PM
LOL Love the PSU clamp Smiley

yeah that test bench sees so much gear. I have to be careful I do not knock the psu's over.  I have 3 clamped 2 seasonics and the evga.

I think I have had more then 200,000 worth of gear run on that bench since aug of 2012.
 At least 1000 usb sticks
35-45 gpus'
16 s'1's
8 s-3's
50  5 chip gridseed units
25 gridseed blades

6 small r-boxes
2 new r-boxes
some asic miner cubes
a few asic miner tubes

And quite a few mobo only pc's for the gpu rig's.
and with all that mining and turnover maybe  just maybe I made 10-15k since aug 2012

here are the 2 seasonics clamped with a fan on them .


Knowing me I would knock the crap out of the clamps as well.  I was thinking maybe some "L" brackets or something like that to hold them in place.

Glad to hear that you were able to make a profit out of all that but must've been a lot of work setting things up and moving them on.  That seems like the best option at this point for mining.  Order newly released items.  Mine with them for a week or two and then sell them right away while they are still close to their original value.  That or free electricity.  I'm thinking with free electricity The S1 would be better since they could be had for $50 each.  I saw a post with them for $50 shipped but I think that's over now.  At $50 each you could get 16 for $800 and pick up the server psu's and breakout boards as Finksy recommended.  I think each one could run 2 S1s.  So figure another $640 for 8 power supplies with breakout boards for 2.8 th hash or 3.2 th leaving $60 for wires but you need like 6000+ watts of electricity.  Then you repeat the process trashing all the S1s when S3s are down to a reasonable price and reuse the power supplies.
1045  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: September 13, 2014, 01:42:54 AM
How to Send my Monero Coins to Bittrex? Need Good Instructions. I tried but just getting Unknown Command. Thanks!

In Bittrex you have to go to your XMR wallet and create a payment ID.  Once you have that payment ID + the Bittrex wallet (base address) you can do the transfer.  The command from simplewallet would be:

transfer 0 Base_Addresss amount Payment_Id
1046  Bitcoin / Mining speculation / Re: Best Mining Setup with Free Electricity and $1500 Budget on: September 13, 2014, 01:36:02 AM
LOL Love the PSU clamp Smiley
1047  Bitcoin / Mining speculation / Re: Right Price for Antminers on: September 13, 2014, 01:22:04 AM
You could get an ASICMiner Tube for around the same price/GH no?
1048  Bitcoin / Mining speculation / Re: Best Mining Setup with Free Electricity and $1500 Budget on: September 13, 2014, 01:04:17 AM
Good stuff, but wouldn't your start date be out like at least 7 days for the miners and the power supplies to get to you?
1049  Economy / Computer hardware / Re: [WTS] Antminer S1 (really Cheap) on: September 12, 2014, 02:49:55 AM
Can you run S1's without fans?
1050  Bitcoin / Hardware / Re: Announcement: Bitmain launches AntMiner solution, 0.68 J/GH on chip on: September 09, 2014, 11:25:11 PM
im starting to suspect hashnest and their promotion of a scam. 2 days and i havent recieved any free hashes . im starting to suspect its just a way to manipulate people into checking their site out since one of hasnest demands is to make a account there. is hashnest starting business with a scam right in bitmains thread? i havent recieved nothing and if you look around theres more people complaining about the same thing. bitmain can you clarify this issue please? is there anyone who got hashes from hashnest ? come forward and speak .

I'm not sure it's a scam.  But it's certainly not a good idea to "invest" into.  It'd be the same as me telling folks to sent me 1.6 BTC, and over the course of the next year and I'll slowly send most, but not all, of it back to you.

M

+1

+1

I really do not see the logic/benefit in providing that service, are we missing something?

I'm guessing they have this giant farm that they used to mine for themselves.  But hey BTC isn't as profitable as it used to be.  So why not open a "cloud mining" solution that charges more than what we can earn in BTC mining ourselves?  If nobody buys no big deal because the equipment is still mining for ourselves.  If people buy fantastic!  We charge them a little bit more than what we can make mining ourselves so either way win win!

I suspect at least some users are buying to resell to someone less informed.  ie, the money is on the trading, not on the mining.

M
1051  Bitcoin / Mining speculation / Re: Why Mine ? on: September 08, 2014, 03:14:06 PM
Commercialization has pretty much killed mining.  Manufacturers mine with their equipment for 1 - 2 months before selling it to the public.  The public buys the hardware with the illusion of ROI, but I believe that the majority of people that have been burned realize this and they will stop buying new miners.  Even with free electricity some of these "new" miners for sale will take years to ROI with the difficulty change.  Unless the price of bitcoins skyrockets things look grim.  Plus I doubt that the price of BTC will skyrocket considering these huge monster mining farms are mining and dumping their BTC daily.
1052  Bitcoin / Mining speculation / Re: Gawminers on: September 08, 2014, 02:30:07 PM
I had bad experiences with GAW as well.  Obviously not everybody has a bad experience otherwise they would be out of business.  My latest is that they decided to take away my free GAW appreciation blizzard and free hashlet.  I guess they didn't appreciate me all that much at all.  I tried contacting them through their freshdesk helpdesk and the ticket has been untouched for over 4 days now.
1053  Bitcoin / Mining speculation / Re: 14nm ASIC is coming! on: September 08, 2014, 12:07:28 AM
I wonder how much this article has to do with BA deleting all the old posts.
1054  Bitcoin / Hardware / Re: Think I'd struggle to fit this lot in my garage, 7 PH's of silicon goodness on: September 02, 2014, 06:56:54 PM
Well imagine how much they can upgrade daily.
Look at this: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=7000000.00&p=700.00&pc=0.10&pf=0.00&d=27428630902.25790000&r=25.00000000&er=489.10000000&hc=0.00
(sorry if my calcs are off).
According to that they make over 63000$/day. You can calculate how many GH/S they can upgrade every day. Yes they should be making profit imo Cheesy

yes but how much did they spend in hardware costs to get that hash rate and how much did the warehouse/electricity cost?
1055  Bitcoin / Hardware / Re: Think I'd struggle to fit this lot in my garage, 7 PH's of silicon goodness on: September 01, 2014, 01:20:52 PM
Unless they are getting a fantastic price on the hardware and electricity I wonder how these things are profitable.  People can barely break even on new hardware these days and that's without building a warehouse to run all the equipment. 
1056  Economy / Computer hardware / Re: [WTS] 4 x Antminer S1 on: September 01, 2014, 05:53:01 AM
Just wanted to let everybody know that I bought 4 units from him.  I used escrow.  The miners were shipped the next day and he was nice enough fast enough to get it to me before the holiday weekend so that I could start mining a few days earlier.  Thanks for the excellent transaction!
1057  Bitcoin / Hardware / Re: S1 Installs Going Like Silk... then? on: August 29, 2014, 05:08:05 AM
Try a factory reset.
1058  Bitcoin / Hardware / Re: Is there any fixes when only 1 chain works on the Antminer S1? (see pic) on: August 27, 2014, 02:27:42 AM
Check that the power to that board is good.  Chances are it's not getting enough juice.
1059  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: GAWMiner Hashlet on: August 22, 2014, 06:23:50 PM
The concept sounds interesting, but I just don't see how the zen pool can be that much more profitable than the other pools.  Sure it's great now but how long can they keep up that level of return?  I wish there was more transparency in it.
1060  Economy / Computer hardware / Re: 1.2TH/s A1 Miner For Sale.........$1200... on: August 19, 2014, 06:33:10 PM
Honestly a "good deal" would be 1 BTC. The prices on asics are going down down down, and I even overpaid for my S3 yesterday at 375 dollars. I should have paid 250.

Yeah with current prices and difficulties buying hardware these days just doesn't seem to make sense unless you have free power.  Of course I'd take it for 1 BTC though  Grin
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