New to mining (looking to buy hardware)

[decorzomining]

Hey everyone im new to mining and im looking to buy some mining hardware, i dont want the most expensive hardware but im not looking for cheap either so with that being said please any suggestions on hardware i could buy!!! Also i would love to hear any tips or suggestions . i understand this has been covered but i would like to get more involved and actually talk to some users on here to get a better understanding!! THANK YOU

[hedgy73]

Read some other posts on here in this section asking the exact same questions, you will find your answers . You're right this has been covered a lot already.

Sorry to be blunt but loads of new users come on here asking this question, people go to the trouble of replying sometimes in great detail and they never return. Not saying you're going to do that.

[decorzomining]

ok thanks i just wanted to interact more instead of just looking throught the site

i actually found this one any feedback on it ??
http://www.aliexpress.com/item/1TH-s-Bitcoin-Miner-1000GH-s-BTC-Miner-1T-ASIC-Miner-for-scrypt-miner-with-Power/1993354639.html

[mwizard]

It would also be useful if you say why you want to get into mining.  For example is it just as a hobby.

Unless your electricity price is under about $0.1 USD per kilowatt hour (including taxes) you are unlikely to ever make a profit.  Basically a miner is simply a device for converting electricity into Bitcoin.  You need very cheap electricity and the most electrically efficient miner.  Most bitcoin mining now occurs in a small number of industrial scale 'farms' in areas with very cheap hydro or geothermal electricity.

For the majority of the world bitcoin mining by individuals is now just an expensive hobby.  

[SunnyIgor]

ok thanks i just wanted to interact more instead of just looking throught the site

i actually found this one any feedback on it ??
http://www.aliexpress.com/item/1TH-s-Bitcoin-Miner-1000GH-s-BTC-Miner-1T-ASIC-Miner-for-scrypt-miner-with-Power/1993354639.html

some false advertising going on, it is not a scrypt miner!

only sha256

[notlist3d]

Do ROI math.  The one you are looking at there is a Dragon 1T. Looks like lketc work but could be wrong.  These are no longer the most efficient out there.

Personally I would buy a little more power efficient miner. I personally like Bitmain right now and going to try a SP-20.   The S4 with 400 off coupon seems to be a pretty good deal right now.  You do need to have decent electricity or find a good hosting site.

[decorzomining]

It would also be useful if you say why you want to get into mining.  For example is it just as a hobby.

Unless your electricity price is under about $0.1 USD per kilowatt hour (including taxes) you are unlikely to ever make a profit.  Basically a miner is simply a device for converting electricity into Bitcoin.  You need very cheap electricity and the most electrically efficient miner.  Most bitcoin mining now occurs in a small number of industrial scale 'farms' in areas with very cheap hydro or geothermal electricity.

For the majority of the world bitcoin mining by individuals is now just an expensive hobby.  

I plan on running all of the hardware off solar panels to stop the high electricity bills. I am just doing research on hardware right now trying to get some suggestions on products !
i would like to get at least 2 machines that run 1 t/h each i already know the prices are around 1000+ ? what product would you recommend?

[notlist3d]

It would also be useful if you say why you want to get into mining.  For example is it just as a hobby.

Unless your electricity price is under about $0.1 USD per kilowatt hour (including taxes) you are unlikely to ever make a profit.  Basically a miner is simply a device for converting electricity into Bitcoin.  You need very cheap electricity and the most electrically efficient miner.  Most bitcoin mining now occurs in a small number of industrial scale 'farms' in areas with very cheap hydro or geothermal electricity.

For the majority of the world bitcoin mining by individuals is now just an expensive hobby.  

I plan on running all of the hardware off solar panels to stop the high electricity bills. I am just doing research on hardware right now trying to get some suggestions on products !
i would like to get at least 2 machines that run 1 t/h each i already know the prices are around 1000+ ? what product would you recommend?

Look at Bitmain.  If you look at forums they just sent out coupons for miners bought in past.  The S4 (2T) you can get a 400 off coupon.  Keep in mind there is shipping.  That being said around 1400 watt is a heck of a lot of power from a solar panel.  You will never pay off the panels with mining.  If you are in a place high enough you need solar, I suggest looking into hosting.

[decorzomining]

hosting? like cloud mining

https://bitmaintech.com/productDetail.htm?pid=00020140429083756017VwGm90Xx06B5 ??

1000 WATTS IS ALOT OF POWER LOL

i get charged 0.09488512 for my electricity

[philipma1957]

hosting? like cloud mining

https://bitmaintech.com/productDetail.htm?pid=00020140429083756017VwGm90Xx06B5 ??

1000 WATTS IS ALOT OF POWER LOL

i get charged 0.09488512 for my electricity

if you are in the usa a pair of used s-3's on ebay can be had for 450 usd. to 460 usd just make him and offer for 225 or 230 a unit.

they will hash at about 1 th.  and burn about 780 watts. this is the 2 combined


i purchased 3 from this seller:

http://www.ebay.com/itm/271672941045?_trksid=p2055359.m2763.l2649&ssPageName=STRK%3AMEBIDX%3AIT

[decorzomining]

just purchesed 2 Bitmain Antminer S2 1000 GH/s Bitcoin Miner  for 1000

[hedgy73]

just purchesed 2 Bitmain Antminer S2 1000 GH/s Bitcoin Miner  for 1000

At least you've made more than 1 post

That's not a bad purchase although I understand the S2 can be a bit problematic. I'd recommend you check out Dogies setup thread on the S2 here if you haven't already: https://bitcointalk.org/index.php?topic=518205.

Good luck

[decorzomining]

cool thanks for that link!!

[philipma1957]

cool thanks for that link!!

good luck with your purchase