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381  Other / Archival / Re: Pictures of your mining rigs! on: June 27, 2014, 10:34:28 AM
My miner is built into a metro shelving unit. Its unpainted metal.....after reading about the wood now im concerned.

Well if it's a miner in a case you're probably OK.  If the bare board/circuit is touching the metal yeah I would shut it off and put a board under it.  Cutting boards for the kitchen do a great job for this.  For metal shelving I used a dishdrainer rack.
382  Other / Archival / Re: Pictures of your mining rigs! on: June 27, 2014, 10:25:26 AM
Nice and neat, but I am worry about using wood. Is there much risk in it?

It's actually pretty safe.  With normally humidity it won't ignite until well above 150C.  I run a lot of boards right off the cardboard box they were shipped in!
383  Bitcoin / Mining speculation / Re: Free unlimited electricity... where to start? on: June 27, 2014, 10:21:48 AM
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
        Muhammed Zakhir

When you refer to newbie, are you talking about yourself?  When multicoin pools switch coins they pick the one that has a lower difficulty relative to it's price.  I think you're a little confused  Shocked

Depends on what type of multi pool you are talking about. usually they are mining the most profitable coins.

I think you missed DrG's point.  The coin that has the highest price relative to it's difficulty will be the most profitable.  In that scenario that would be the coin with the lowest difficulty so to speak.  Every multipool mines the most profitable coin.
384  Bitcoin / Mining speculation / Re: After 28nm? on: June 27, 2014, 10:19:17 AM
It never stops, 28nm -> 20nm -> 14nm -> 10nm -> 1nm -> 0.1nm
Physics preclude the latter numbers Smiley  sub-12nm is already going to be a challenge.

Like I said it will be a while.   Switching from electricity to photons essentially.
385  Bitcoin / Mining speculation / Re: Is this worth it for a new miner? on: June 27, 2014, 10:17:14 AM
I been looking at getting into mining as a hobby, yes hobby. I do not want to sink a ton of money in it. But I would like to make a couple of bitcents just in case it "goes to the moon" lmfao

I was looking at a couple of products online I kinda like the antminer what do you guys think for a hobby miner?

Is this ad legit its from amazon, is that a good price? I do not trust reviews due to what I have read about BFL

BFL is to be avoided like the plague that it is.

Do you know you can buy coins instead of mining them?  Coinbase is pretty easy to use.

If you want to just get into mining as a hobby for curiosity then buy a R-Box - probably the best small device and relatively current.  For best use of your money just buy coins directly.
386  Bitcoin / Mining / Re: BFL Monarch, in the Cloud.. (600GHs) on: June 27, 2014, 10:05:32 AM
I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped.  FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500.  You can buy 3 S1s for $500 that do the same thing.
387  Bitcoin / Mining support / Re: 12 computers in one home, how to mine? on: June 27, 2014, 09:58:53 AM
How can I have all 12 of my computers (several different models) to all essentially pool into one and mine?
Is there any step by step guide to setting this up? Or better yet, is there any way I can do it from my main pc and install a program via usb flashdrive or shared networks?

Thanks Smiley

Just curious, why do you have 12 computers at home. Are you trying to do something with office's computer? Smiley

Well it wouldn't be the first time people came on here asking how to misuse other people's machines.

Every now and then somebody asks how to run a cmd prompt miner and hide it so his brother/sister/dog won't accidentally close the miner.
388  Bitcoin / Mining speculation / Re: I am new at BTC mining on: June 26, 2014, 08:53:51 PM
I would buy a small miner like a R-Box and have an actual miner in your hand.  Then you could enjoy the stats, noise and numbers without spending a lot.  All cloud mining will be a money sink anyways.  Might as well have the real deal.
389  Bitcoin / Mining speculation / Re: Mining Projections given the 25%+ diff increase expected this next week on: June 26, 2014, 08:52:02 PM
I expect anyone with a BFL miner will be turning it off in 2 days. Avalons are already long gone. KNC, Hashfast, Bitfury are still around for now... but maybe not for long.

If the older gen mines were being hosted or in some location that was space critical they might have been shut off earlier. I had my Avalon and BFLs returned last month since their minimal profit didn't warrant the hosting fees any longer.
390  Bitcoin / Mining speculation / Re: Noob question, bitcoin difficulty / profitability, is it linear? on: June 26, 2014, 08:49:52 PM
This is why the earnings in the first month of mining are so important.  If you have downtime or delay getting your miner up you will have lost significant profitability.
391  Bitcoin / Mining speculation / Re: After 28nm? on: June 26, 2014, 08:47:12 PM
Both AMD and nVidia have been having trouble with this next step.  I remember the 6xxx series cards were supposed to be the same process as the 7xxx.  nVidia is taking forever to release new Maxwell gear.

It will take some time to jump down
392  Bitcoin / Mining speculation / Re: What would you do? Mine with $40k or purchase Bitcoin? on: June 26, 2014, 08:44:39 PM
Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times  Cheesy
393  Other / Archival / Re: Pictures of your mining rigs! on: June 26, 2014, 08:42:30 PM

Anyone know of any online cable management classes? Smiley

That looks like a warehouse.  I sure hope you have some electrical trip in there.  One lightning strike and you lose a Ferrari's worth of miners!
394  Bitcoin / Mining support / Re: 12 computers in one home, how to mine? on: June 26, 2014, 08:39:21 PM
When you say 12 computers....are you using the CPUs or GPUs on the computers to try and mine?  They won't even generate 1 penny per month doing that.

Or do you have ASICs hooked up to 12 machines (which I doubt since nobody would spend that much $ and not know how to set them up)?
395  Bitcoin / Mining / Re: BFL Monarch, in the Cloud.. (600GHs) on: June 26, 2014, 08:36:37 PM
If it's like the Monarch they showed at the conference 2 days ago it's not the one hashing at 600GH/s.  They probably are using somebody else's miner's and allocating 600 or they made a non pcie card based design so they wouldn't have the space confine issues.
396  Bitcoin / Mining / Re: Using a university supercomputer to mine bitcoins. on: June 26, 2014, 08:34:17 PM
Still not bad when school is playing the electricity. But ridiculous hps/kw Grin

It wasn't the school paying for it.  It's the American taxpayer.  He should have his ass thrown in jail.
397  Bitcoin / Mining / Re: Running multiple rockminers on: June 26, 2014, 08:33:17 PM
If you're running a small number of miners it may not be worth it to get a plat PSU as shown above - economically and environmentally it doesn't make sense.

If you're going to be running 20 of these things, then yes it makes sense to get one nice PSU instead of 20 "wall-warts".
398  Bitcoin / Mining support / Re: CPU mining problem on: June 26, 2014, 08:29:46 PM
cpu mining? for BTC?Huh?

bro, u should just stop it, Planet earth will say "thank you"  Grin

Agree, but they can use it to mine CPU coin instead and would be better off..

No CPU is profitable unless you have free electricity currently - check the numbers.

Even with free electricity almost every CPU based coin like XPM has now been converted to a GPU coin, so just like BTC you won't earn any.
399  Other / Politics & Society / Re: Some statistics on welfare on: June 26, 2014, 10:37:57 AM
The programs started with good intentions but the fraud rates are going up.  The road to hell is paved with good intentions.
400  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta on: June 26, 2014, 10:31:00 AM
Well we're up to 6GH/s now, if we get more speed would that help with our chances of getting better returns?

Hmm, Ill shoot for an answer to that


 For 1. I think more speed = more rewards overall? Right?

Also For 1. I also think more miners on pool = Less reward per share Right?

Hmm hopefully Just the top one

That's the general rule.  But when you're mining coins that have a blocktime of 1 or 2 min the harder you can punch those coins out while the price is high the better it is I believe.  Only Eleuthria would know since he knows the coding.
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