Solo Mining on an S3 with 51.1 Difficulty - here we go! UPDATE: Block Found!!

[VirosaGITS]

Hi I'm totaly new to Bitcoin mining.
became very interested to also start digging Bitcoins solo
have checked on this Minner
http://www.ebay.com/itm/Bitmain-AntMiner-S4-2000Gh-s-at-0-69W-Gh-28nm-ASIC-BTC-Bitcoin-Miner-/251993468862?hash=item3aabfb2fbe

or can anyone give me some tips.
how much will you get in dollars when you sell one 1 Bitcoin?

Regard
Daarn

-241USD per at the moment.
https://bitcoinwisdom.com/bitcoin/difficulty

-That unit is overpriced as hell.

-Your odds is a few years to one block. You'd be basically gambling.

Not recommended.

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[Daarn]

Hi I'm totaly new to Bitcoin mining.
became very interested to also start digging Bitcoins solo
have checked on this Minner
http://www.ebay.com/itm/Bitmain-AntMiner-S4-2000Gh-s-at-0-69W-Gh-28nm-ASIC-BTC-Bitcoin-Miner-/251993468862?hash=item3aabfb2fbe

or can anyone give me some tips.
how much will you get in dollars when you sell one 1 Bitcoin?

Regard
Daarn

-241USD per at the moment.
https://bitcoinwisdom.com/bitcoin/difficulty

-That unit is overpriced as hell.

-Your odds is a few years to one block. You'd be basically gambling.

Not recommended.

okay so what do you recomand me to do?
And what minner should I buy?

[VirosaGITS]

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

[Daarn]

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

[notlist3d]

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Most likely you would be better off to mine in a pool with the S4.  It's not a super efficient miner.  I would solo mine with something smaller then 1400 watts.

You could do it.  But most of us I think would suggest against it.

[VirosaGITS]

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Not really 0.08 is a bit high and kind of in limbo right now with the S7 coming in but being too expensive and the S5 soon to be devalued. Depending on how much extra power you get from your solar array, then you could go for S4/S5 if obtained at a good price.

I'm not sure whats your true expense is on your solar array but if you have wasted electricity that you dont get to use. Go for it. There's also SP20 units and such. S5 is just easier to quiet down a bit.

[Daarn]

if I count with the array then I down at 0.025 but it also depent how strong the dollar are to swedish kr
how much do you pay for one kwh in dollar?

when I looking in the diffrent antmine s4 have a higher gh/s then s5?
are s4 better then s5?

if I go for s5 should I mine in a pool and wish one?
and how much bitcoins will the s5 give me? dont need bo be exact just normal nr

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Not really 0.08 is a bit high and kind of in limbo right now with the S7 coming in but being too expensive and the S5 soon to be devalued. Depending on how much extra power you get from your solar array, then you could go for S4/S5 if obtained at a good price.

I'm not sure whats your true expense is on your solar array but if you have wasted electricity that you dont get to use. Go for it. There's also SP20 units and such. S5 is just easier to quiet down a bit.

[VirosaGITS]

More or less. I personally got more bang for buck getting a S4, on a GH/$ basis. However the S5 has 0.5~J/GH and the S4 is 0.7~J/GH. Which means per GH the S4 is less efficient. (Cost more to run per GH)

This is why what you pay for your electricity make all the difference. Over here i pay a flat rate up to a limit. So i pay nearly nothing for 2 kW, but the rate is 3~ to 5~cents per kWh for under and above 30kWh per day respectively, for residential and 3 to 2 cents per kWh for big industrial.

[Sweminer777]

i got a sp20 in sweden if you are seeking agood efficient miner.

 

[hodedowe]

if I count with the array then I down at 0.025 but it also depent how strong the dollar are to swedish kr
how much do you pay for one kwh in dollar?

when I looking in the diffrent antmine s4 have a higher gh/s then s5?
are s4 better then s5?

if I go for s5 should I mine in a pool and wish one?
and how much bitcoins will the s5 give me? dont need bo be exact just normal nr

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Not really 0.08 is a bit high and kind of in limbo right now with the S7 coming in but being too expensive and the S5 soon to be devalued. Depending on how much extra power you get from your solar array, then you could go for S4/S5 if obtained at a good price.

I'm not sure whats your true expense is on your solar array but if you have wasted electricity that you dont get to use. Go for it. There's also SP20 units and such. S5 is just easier to quiet down a bit.

Daarn, You may not like it but - my friend - you don't know enough to start buying anything just yet. I'm sorry, but I want you to be successful and you won't be if you just jump in with both feet and eyes closed. The only thing you should do now is read, research, and learn. A good start is reading the first 2 pages of the forum here

https://bitcointalk.org/index.php?board=14.0

And here

https://bitcointalk.org/index.php?board=81

And finally the first two pages here

https://bitcointalk.org/index.php?board=40.0



This should take you 2 days if you stick with it. A week if you like to sleep.   After that you will be able to ask good questions and we will be glad to help! Good luck!

P.S. I envy you living in Sweden. Beautiful country and beautiful women

[Daarn]

Okay thx
you mean I should read all threats that are on this two first page?

if I count with the array then I down at 0.025 but it also depent how strong the dollar are to swedish kr
how much do you pay for one kwh in dollar?

when I looking in the diffrent antmine s4 have a higher gh/s then s5?
are s4 better then s5?

if I go for s5 should I mine in a pool and wish one?
and how much bitcoins will the s5 give me? dont need bo be exact just normal nr

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Not really 0.08 is a bit high and kind of in limbo right now with the S7 coming in but being too expensive and the S5 soon to be devalued. Depending on how much extra power you get from your solar array, then you could go for S4/S5 if obtained at a good price.

I'm not sure whats your true expense is on your solar array but if you have wasted electricity that you dont get to use. Go for it. There's also SP20 units and such. S5 is just easier to quiet down a bit.

Daarn, You may not like it but - my friend - you don't know enough to start buying anything just yet. I'm sorry, but I want you to be successful and you won't be if you just jump in with both feet and eyes closed. The only thing you should do now is read, research, and learn. A good start is reading the first 2 pages of the forum here

https://bitcointalk.org/index.php?board=14.0

And here

https://bitcointalk.org/index.php?board=81

And finally the first two pages here

https://bitcointalk.org/index.php?board=40.0



This should take you 2 days if you stick with it. A week if you like to sleep.   After that you will be able to ask good questions and we will be glad to help! Good luck!

P.S. I envy you living in Sweden. Beautiful country and beautiful women

[hodedowe]

Yes, that's what I mean. It will take a while but you will know enough afterward to really get involved. Bookmark this page so you can come back with questions! We'll help all we can 

[nonbody]

That depends on your electricity cost, budget, housing location. Give me/us more information and you will get a recommendation. The S4 isint bad, just the price its listed at is. And unless you're looking for a lottery, you will have to mine in a pool.

Okay
I'm living in sweden
my electricity cost it 0.08 dollar/kwh
I have also 10kwh Solar array
my budget are little open depending on what recomendation people give but max 1200 dollars.
Internet connection are 100/100 mbit.
Something more you need to know?

Not really 0.08 is a bit high and kind of in limbo right now with the S7 coming in but being too expensive and the S5 soon to be devalued. Depending on how much extra power you get from your solar array, then you could go for S4/S5 if obtained at a good price.

I'm not sure whats your true expense is on your solar array but if you have wasted electricity that you dont get to use. Go for it. There's also SP20 units and such. S5 is just easier to quiet down a bit.

0.08 cents per KW is fairly decent, its just below the profit line but you can still make some decent cash, also his solar panels would cancel out a large portion of the probelm

[knowhow]

well solo mining is getting more and more insane each day people keep giving a shot into darkness and well i wish you luck to roi your investment .

[Daarn]

Hi
read now alot of threat and see many people say it almost impossible to mine in your own house hold just becouse electric bill
But have discover that I have free power in a Storeroom that I rent and also that area have lots of free wifi:)

I read something about blockchain.info.
but didn't understand exacly what the problem with them where?

[VirosaGITS]

Hi
read now alot of threat and see many people say it almost impossible to mine in your own house hold just becouse electric bill
But have discover that I have free power in a Storeroom that I rent and also that area have lots of free wifi:)

I read something about blockchain.info.
but didn't understand exacly what the problem with them where?

I'm not sure what you're really talking about, but for the prospect of mining in your house, that is pretty inaccurate. "Free electricity" certainly beat cheap electricity but mining on cheap electricity is very profitable.

Now, if you have wifi and a way to generate air flow to dump the heat outside, go right ahead. But i would recommend using your own wifi, otherwise you might find it pretty hard to manage your miner.

[Daarn]

I read this threat
https://bitcointalk.org/index.php?topic=123726.0

I that threat they said don't trust blockchain.info.
but didn't understand why?

[hodedowe]

I read this threat
https://bitcointalk.org/index.php?topic=123726.0

I that threat they said don't trust blockchain.info.
but didn't understand why?

Any wallet that is controlled by another source (online, another person/company) can steal your bitcoins. There is no recourse. You lose.
They can also go down from time to time making it impossible for you to get to your coins. You should only use a local wallet like multibit or armory and encrypt your wallet.

If you really want to be safe, research armory cold storage.

[VirosaGITS]

I read this threat
https://bitcointalk.org/index.php?topic=123726.0

I that threat they said don't trust blockchain.info.
but didn't understand why?

Just start with something cheap. A small stick, gpu mining alt coins, maybe even CPU mining.

Use a software wallet, personally i use Multibit for BTC. SPV wallets are certainly the way to go for a new comer. Do a few transaction, figure out the value. Etc. Get a feel for it. I started my mining venture with a 560 ti on scrypt a while back.

[Daarn]

Have started to think that it the best way to go.
have plan to start maybe with a Bitmain U3