3 PSU's, 6 SP20... How many watts are those PSU's or how far down have you underclocked and undervolted those miners?

That's a shmick setup.

I think now that I'm Jr, I needed to use this code in my sig ★☆★ Bitin.io - The Instant Cryptocurrency Exchange! ★☆★ - No Registration » No Emails » No Passwords

I was considering the Antminer S5, I've enjoyed using their last two products but unfortunately due to the greed here(drop in btc value != increase in price, covering for potential losses), I will be getting my self an enclosed SP20.

I'd buy more if I wasn't so broke. I'm trying to allocate a small portion of my weekly pay to buy btc.

The touch of BTC in the cells is brilliant.

Part of me expected the worst! Good to be back!

Interesting. Well what I use is Bitcoin Core QT. I will not store BTC online. I've generated say 6 addresses and done a private key dump on a test system and each private key for each address has been different.

I've taken a new approach. I've generated 5 wallets on an offline system, and divided my BTC against those five wallets. I've then printed out the private keys and stored them in my safe along with a USB .dat file. If the dat file is ever corrupted, I will still retain the physical private keys.

I think the only precaution I'm taking this for is the potential for a brute force attack. Although I do not have much BTC, I am certain there are people out who dedicate quite a lot of effort into cracking the BTC system. So as some of you guys suggested, you don't go around with all your money in your wallet, I've split the load.

Just a pain in the ass to send the btc back lol if I need it.

I've been using the formula provided(ghash * 1.4). Seems to work pretty stable for me.

Convert $150 a week into $150 worth of btc lol.

Nah this coin isn't worth MORE than bitcoin, but its MUCH easier to mine and not hard to flip to BTC.

I'm starting to think Slush may need to incorporate a double pay method on his pool. DGM + PPS, current + PPS. It might just help to maintain hashing power and confidence on those slower days. I had two of my miners on all day today, and got a little lucky, so I switched on my third miner. 9 hrs and nothing. Negated the previous blocks. Now all 3 are off, the pool will probably crack a block.

I'm starting to invest my btc in mining contracts online. Seems to do well. I'm also dumping a quarter of my weekly pay into BTC conversions and a new miner.

It will take quite a long time to ROI with mining, even if the BTC was worth a little more.

I am paying for power down here and with my current streak of luck, in one month @ 8hrs a day I've made more than 1btc mining alone. I've made more than $200 by renting my miners out. All in all I probably spent about $70 - $80 on power and recently sold some of those old machines off to get new ones and made $50 profit on one of the units. I also pay .21 per kw of power. I'm going to get some new miners to half my effective power consumption too.

I've done a bit of this. With very small amounts of bitcoin and just some playing around. Its like anything really, spend little make little. If anyone here saw the drop on xpy yesterday or the day before(as low as 0.003/btc), THAT was a good time to roll some. Unfortunately I had no btc in my account and missed out but if you bought 100xpy for 0.3btc then flipped them 20 minutes later when it rose back up to 0.015/btc, you would have made 1.2btc. I almost cried because I wasn't ready. But as suggested above. No value is predictable. You could buy when you see a drop and there could be no rise. I bought 1k of two other currencies after watching them drop then rise, I got them on the next drop, if they don't rise it only cost me 0.001btc but if they rise as they did last time I could make up to .09btc.

I've rented some power off WestHash, it gave me an error when testing the pool but seems to be working!

It wouldn't be logical to spend $10000+ on a solar system if its only for mining. Our quarterly bills here are about $600. A good solar system can offset this and potentially pay for it self in a few years. Its an investment I wish I'd have done a long time ago but technology has improved and prices have halved.

If you have 1thash of power, your payout from f2pool is 0.01097974 per day. With 1thash on power on Slush you will make the same amount with 3 - 4 blocks, depending on pools power and the luck. Apart from the last week, and only the last week, I've made approx .03 - .04 btc per day from Slushs pool. This is not even over a 24hr period. From BFA you will stand to make .012 btc per day and that is not including the bonus if I recall correctly. Sure power to pay scales the higher you go, but like I said, for a small user, you will be slaughtered with power bills running a miner 24hrs a day to earn <$2.50 USD per day. For what, a pool which quite likely insta dumps the btc they find. The pay on Ghash.io is also far too poor to be effective. Honestly I've had better overall luck at MMpool than I have at any of those big dominating pools. Sure you get consistency but its such minute amount its not worth it at all.

I may have made a mistake about ghash.io being a chinese pool, I bought two miners from a local here(who was chinese) and he mined ghash.io because "they're a chinese pool". It took him 6 months of mining ghash.io 24/7 with 2.25thash to break even with his miners cost, this does not include power. This was factoring in my purchase off him too.

I've read here many times that those Chinese pools are a problem. I don't think btc is being treated the way it was intended to be. Its severely abused. Especially when you can find miners being dumped on eBay from China as "Brand new" when you know they have been thrashed and run non stop for who knows how long.

As other suggest, make an exception in your AV. I had the same issue, after some research it seems back in the day there were viruses designed to run scripts on your PC to mine for somebody else. These signatures probably pick up on something like that or something that isn't even remotely related.

I would be cautious though, I'd use another AV and do a scan just to be sure.

That suspected BFL address is worth a hefty 8599445.53 US Dollars!

In general the problem here is ANY dumper. Like OP said, BTC is doing pretty damn well at holding its footing. It dropped down to $150 a few days ago but sharply rose. I'm hopeful it can still maintain good value but I think the big days are over. There are far too many dumpers and the huge majority of them are in China. Sure that suspect BFL address has 90k btc but the chinese don't sit on BTC. They probably have markets to auto sell as soon as blocks are found.

Need a global network ban on the chinese! Let them play with their Asia coin etc.

Hi all,

Quick question, I have about 8 - 10 different addresses which are all used to receive payment from different sources. As such my btc is scattered all over the place but nice and neat in my wallet.

Is it a good idea to send all my BTC to one address? I've got a spare computer here which has never seen the internet so I'm thinking of generating a wallet(paper/cold) there and sending all my btc to that. What approach should I take?

You aren't doing it wrong mate. I started off like that for a couple of weeks. You either need to invest in faster equipment, or lower your expectations. I'm gonna pickup some cheap USB miners to run from a bunch of machines from work. The systems are always on there and I can't run anything bigger. Might as well have them doing something!

I've sold two of my miners, both of which were not efficient at all. The reason for sale was to move across to two yukon or two S5 units. With the current value of BTC, it is still worth it if you can keep power costs down. I can cut my costs in half by switching miners.

My miners definitely don't run full time like they used to and I am finding my self investing my btc into mining contracts rather than actually mining.

If I get solar power installed in the next month, I will full time mine again(summer here and the system we got quoted for will generate up to 20kw per day).