Anyone used or ordered one of these?

Do you not think we are getting to the limits of what we can achieve with current technology ASIC chips now,

 I for one am hoping it should start to level out soon!!

Antminer has released a new revision of firmware to resolve the backdoor issue... for all current devices!

Hahaha,

Power and energy I may know a deal on.... crypto a big fat '0' at the min, my goal is to turn some of the waste energy into cash but that dream is fading as I read more and more into the pitfalls etc of mining. This looks like it could become a hobby as its fascinating the shit out of me right now... and because of that ive ordered parts for a 2 gpu setup mainly just to learning, then maybe get a few gpu rigs up and mining.

Heres my conundrum and the million dollar question.

After a long convo with my friend who owns the power/location it seems I can only have a small corner of space, approx. 1 rack of dexian bolt together shelving maybe 2 at a push. He is not keen on pc's approach as he thinks they would attract attention of the people that occasionally come around and ASIC wouldn't as just 1 pc and the rest are noisey silver boxes no one recognizes, he is worried about theft and prefers the blank box solution, but honestly I don't.... If I was to set up messy pc's with gpus every where im sure he would have kittens. 

heres my question guys. as I have a lot to learn...

my thinking is this. Buy 6 x ANTMINERS L3+ and leave at his location, mine LTE and use profits (if any) to buy pc equipment and gpu mine later.
this addresses 3 issues. 1 my fussy mate and 2 my lack of knowledge (gives me time to play on a smaller GPU rig) and 3. there is a possible other location I can access to put pc's to gpu mine but that wont happen for at least a year. (a CHP plant mainly wanting the heat! electricity is a by product!!!!)

I don't want to jump in balls deep with antminers, as I really don't like the idea of buying something that just does 1 job (and I also have no control), but I feel I am being pushed that way. My main concern is will I even come close brake even with the cost of equipment in this late stage of mining LTC with ASIC. I don't want to spend £10k on Miners to be £6k out of pocket due to getting sweet fook all back. That's not the case though is it? if it all went to shit id just have to mine a lot longer to recoup the costs, right?

If all works out and I get some cash back does anyone think GPU mining will even be viable in a years time?  as if im forced down the antminer route now I wont have the cash till its all paid off. circa when ever 

I cant wait to get home and GPU mine lol  (i am maxing out the internet here with pages and pages of altcoin mining info )
If all works out well i could be mining using GPU at the next location (he has 10's of KW's spare) using any profits for Antminers at the Hydro place to fund the latter.... but tbh just breaking even would be nice!


off line wallets? how much space do i need on HDD?
with GPU mining does a SSD HDD even make any difference?
can you mine GPU if there is an internet loss of connection for a short time?
whats your guys average use for internet bandwith ? (vs your capacity (#rate)
is windows or Linux better?

so whats your thoughts on it all guys?

Cheers guys

Hey that's some impressive solar setup..

puts my meesley 4kw to shame   lol even if it does have 4kw/h of batteries connected to it http://www.powervault.co.uk which stores excess unsed power which would be sent to grid and releases it when theres a demand.

@arielbit, mechanical systems don't need to be constant use a normal 3 phase motor connected to an inverter with an  'active front end' and a small controller (I bet an arduino would work), that's what I work with massive inverters 3-12Mw currently offshore on 6Mw inverters but work on siemens 3.6mW wind turbines, solar farms (3-10Mw) 'yes even in the uk hahahah! and hydro electric power stations (denorwig 'electric mountain') and even small chp plants burning woodchip with only 45kw power lol...

that's another passion of mine renewable energy.... hence why if I see wasted power I want to do something with it.... bit of hashing I believe

back to my hashing.

I have decided to take the plunge and have a go. 2 x cards ordered from scan computers @£166 each not a bad price. if I don't like it or it doesn't work then ill just sell them, if I get the bug ill just buy more

I have ordered 6 x riser cards, at only £24 for 6 ' the decent ones with 4 caps etc' and my spare pc motherboard is nooooo good what so ever for this job! so I might as well look for a decent card. ive looked at the ASRock Z97 Anniversary and the one with 6 pci-e is like rocking horse shit to find in uk. Anyone know of a decent motherboard I can get my hands on? im not that arsed if I use 4 gpu's per motherboard any good board at a decent price (or even that I can get hold of)

Im going to use Ubuntu, any reccomendations for this?, what to stay away from etc... what size hdd do I need? etc etc....

My thoughts are to ask as many questions before buying stuff so I don't have to buy twice. once I have the hardware then the floodgates of questions will start...lol

cheers guys  

 
hahah its not mine, a mates...

Next time im there ill take a few pics. im sure he will let me. its a nice small setup hes just a lucky Bstard lol

Guys,

Thanks for all the info so far, im going to sit back a bit while I read through all the pages of info given...

another quick question though.

Do these rigs need a lot of tinkering and attention lavishing on them once up and running?  as my main problem is they will be remote from my home (30 miles +) and I also work away for weeks on end. is there problems that you know of that keep arising etc etc.
I know a pc once set up can run and run.... but I keep hearing stories about overheating... In the UK its never that warm plus I have a 30,000 btu air conditioner I will hook up to ensure coolness  

Once ive read through everything im sure ill have a lot more questions

fook its just information overload atm and my brain hurts lol  

cheers  guys

Wow  Thanks guys!

Really wasn't expecting so much help and response.

Right, its not that I want to sit on my fat ar#e and do nothing , I like the idea of do it yourself, I am an engineer by trade. built many a pc.. you know my main put off for the cpu and gpu route is cooling. ive seen so many graphics cards fans fail, its like a never ending circle, the big plus about the asic system for me is just 2 fans.... me likes that a lot... (its always bloody fans that fail )

What kind of graphics card is best? I have already looked and the r9-290 is popular, but in the uk its about £300 yes I have a bit of cash but I still would like most bang for my buck (both buying hardware and hashing).
these 6 card systems you can make for circa $1600 what components are you using?
if i was to build my own, would it be better to use 3 x 4 card systems instead of 2 x 6 card (less heat per cm3)
if i was to build my own what difference will a decent cpu make? can I mine that too? what mainboard / processor you think i should go for? and the most important the GPU!
I just had a look at the panda miner £2300 just seems to much for the power it delivers!

@Philip lol had a heart attack when i saw the pages.... im working away atm so ill be reading that over the next few days... its that or eat eat eat lol. (thanks for the links) ill have a read and ask some less noob questions once digested.

hahaha 
well that gobsmacked the fook out of me... im so way in over my head....

Right this isn't the easiest thing I thought it would be.... my original plan was to buy some LTC miners and leave un attended, but this has opened my eye totally. (yea just one eye. only cos im in too deep and the other eye is under the surface lol) 
so what would I need to buy if I went down the GPU / CPU path? more importunately im guessing its a lot more complicated...
do you have to keep hopping form currency to currency or is there a best of the bunch?
how do you work out the hash rate of GPUs etc etc
all very noob questions I know lol

thanks

Hey,
cheers for the info, Yea its something I hadn't thought of... maybe worth a look. tbh my aim is to by (or cobble a rig together) and set it up and leave it running I wont be fannying about changing between (unless it becomes stupidly profitable to do so)

what kind of speeds can you get out of GPU mining? and what would you say is the next best newer coin to look into?

cheers

Hey,

Cheers for the quick reply...

I thought gpu mining was a lot slower than the units im looking into.

the Antminer L3+ is  504MH/s

ive got setious power (kw) that I can use I want to maximize dosh out of it... I don't mind the outlay!

Hi Guys

3rd attempt at posting due to laptop deleting the bloody thing on catching back buttons  

I am exited to be here (they say flattery gets you everywhere  )

I have a friend that has a water turbine with about 8kw of power that I can utilize onsite. (something about feed in tarrifs and doesn't get paid more if he sends it back to the grid! lucky him!)

so it hits me.... use the power and bit mine!

im looking to mine either bitcoins or litecoins but once I buy the hardware I can no longer retreat  

with the power 'kw' (and cash) available I am looking at buying :-
 5 x Antminer T9 - 12.5 TH/S (or s9 as T9 is not available) = approx. 55 TH/S = 9.67 BTC mined per yr (at current hash time etc)
or
 6 x Antminer L3+ 504MH/s = approx. 3000MH/s = 4800 LTC mined per yr (at current hash time etc)


both coins seem to have pros and cons

BITCOIN
Pros
well known
a lot of idiot guides to refer to
a stable currency seeming to be upward bound.

Cons
hash time is circa 5 weeks per coin (using above H/W)
will have to use a pool (cuts into payments)

LITECOIN
Pros
Smaller hash time (but smaller payments)
can go it alone (no pools)

cons
trends seem to show a low average LTC - $

can anyone give me their thoughts on which to go for... ?!?

looking at litecoin calculator online I had a small wee, todays rate would yield $70k per yr lolol
I have done some research and I want to play it safe on returns, even though BTC is high right now if it drops it seems you have a lot more to loose vs Lite coin.
 Lets do some very crude workings out.
BTC are currently $1300 a block it seems to be going up and up (lets hope it does) but lets air on the side of caution and looking at history im going to base my blocks on $700 seems fair?
again the same with litecoin, its at a whopping $15 right now but if I want to be cautious for payback I am going for lowest average of $2.5 per block, the trends seem to show an average of maybe $3-4 average lowest.
so...
BITCOIN  my equiptment  = 9.67 mined per yr @$700 = $6769 = £5229 vs £9788 at todays actual BTC rate ! (minus pooling fees etc)
LITECOIN my equiptment = 4800 mined per yr @$2.5  =$12000 = £9271 vs £55000 todays rate hahahahahah I wish  

So my thoughts are I could poss earn more with Bitcoin, but litecoin seems a safer bet but smaller payout.

what type of e currency did you guys go for?
what type of e currency would you go for at present time?
same with equiptment, whats the best,  fastest etc etc? (I hear the s9 runs hot.. bloody hot, why im after t9's)
whats the recommended processing power for main program that drives miners? would an old server be ok?
what kind of internet speed do I need?  3mb enough?
will the miners work if the pc and miners are cut offline?

Any input from you guys will be gladly taken. if you have any thoughts what so ever im all ears

a tech question now.
miners Ethernet connection is it advisable to use a separate network from miners to mining pc, then home network to mining pc for internet access! I only ask because I want to keep them unseen by hackers etc.

cheers for any help guys.

happy mining  

ian