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Author Topic: Best Bitcoin Mining hardware ?  (Read 16412 times)
BelfricsIndia
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September 16, 2015, 07:32:59 AM
 #1

Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley
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September 16, 2015, 07:41:47 AM
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Hello. I would not say that there is currently a single piece of mining hardware that you could call the best. Newer generations of miners keep getting released. A good example of hardware is Antminer S7. I would really suggest that you look into the Hardware section for mining. You will find a lot of useful information there.

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Rabinovitch
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September 16, 2015, 08:54:06 AM
 #3

At this moment it seems that S5 is the best. You can try to find some used S5s in Marketplace thread. S5+ and S7 are too expensive to buy right now.

Nancy from LKETC wrote to me that they will start sales of their new "16 nm" ASIC-based hardware in December. This should lead to lowering the S5+ and S7 price. That will be the moment to buy it (newest Antminers and LKETC new miner), IMHO.

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Пpoфeccиoнaльнo зaнимaюcь paзвёpтывaниeм фepм (ASIC, GPU, BURST), oбopyдoвaниeм пoмeщeний для мaйнингa.
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September 16, 2015, 09:08:05 AM
 #4

is it worth to buy this?:

Bitmain AntMiner U3 USB Bitcoin Miner 63 GH/s

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September 16, 2015, 09:19:57 AM
 #5

Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley
Hi Friend, Bitcoin mining is very very difficult now a days due to the competition...If you still want to mine then go for ASIC miners...they are best at the moment Smiley
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September 16, 2015, 09:21:29 AM
 #6

Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley

Since you say you are new, if you are thinking of profits, probably it takes ages to ROI because of maintenance costs and difficulty levels. If you are just trying it for fun, lets try mining with your computers GPU if you have one, or buy a USB miner for testing.
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September 16, 2015, 10:04:37 AM
 #7

if you are thinking of profits, probably it takes ages to ROI because of maintenance costs and difficulty levels.
Why not to deploy your own mini-farm, especially if you have an access to free (better) or (simple) cheap electricity? ROI will be about 1 year, may be 6-7 monts in case of free electricity. Try to use some bitcoin mining calculators.



Quote
If you are just trying it for fun, lets try mining with your computers GPU if you have one, or buy a USB miner for testing.

Here is again the reason to buy S5. It will give you a little amount of BTCs (about 0.02/day), and I boubt GPU or USB miner will.

From Siberia with love!
Never do any business with Kirill Stepanenko (Volgograd, Russia)
Пpoфeccиoнaльнo зaнимaюcь paзвёpтывaниeм фepм (ASIC, GPU, BURST), oбopyдoвaниeм пoмeщeний для мaйнингa.
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September 16, 2015, 10:11:34 AM
 #8

is it worth to buy this?:
Bitmain AntMiner U3 USB Bitcoin Miner 63 GH/s
imho, no.  Unless you can get a single one for dirt cheap and it behaves itself. Read last bunch of pages from the main thread on that miner: https://bitcointalk.org/index.php?topic=827356

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September 16, 2015, 10:33:59 AM
 #9

is it worth to buy this?:
Bitmain AntMiner U3 USB Bitcoin Miner 63 GH/s
imho, no.  Unless you can get a single one for dirt cheap and it behaves itself. Read last bunch of pages from the main thread on that miner: https://bitcointalk.org/index.php?topic=827356

Thanks
I will try to find what i search among all the many pages.

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September 16, 2015, 12:10:11 PM
 #10

.......
Here is again the reason to buy S5. It will give you a little amount of BTCs (about 0.02/day), and I boubt GPU or USB miner will.

S5 give only 0,01 BTC/day

Dr Charles
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September 16, 2015, 12:45:37 PM
 #11

I would say that "best" is just a relative term to the enviroment in which the miners will be running. By that I mean, if you have cheap or free electricity then you can get away with running less efficient miners at a lower acquisition cost which would generate ROI in a timely manner, looking at a small opteration.

On the other hand, some simple calculations at current BTC market rate and difficulty will put the ROI timeframe for the S7 between 9 to 11 months factoring in electricity cost in my area. (not factoring large difficulty increases or price spikes/dips)

All that aside, right now would not be a bad time to pick up a couple used/second hand S5 or SP20E miners for a couple hundred bucks each.

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September 16, 2015, 06:53:26 PM
 #12

Decide for yourself if a piece of equipment is worth buying:  https://bitcoinwisdom.com/bitcoin/calculator and plug in all required information on left.

Use your electricity rate, my estimate on difficulty will be between 4-7% increase per adjustment over the next 6 months, pool fee (if any), and then what your purchase price on equipment is (then plug in the miner specs). Make sure to include any delay in getting miner operational in your model, and always use current BTC value (not inflated future values) for determining risk.

IBM 2880W PSU Packages: https://bitcointalk.org/index.php?topic=966135 IBM 4K PSU Breakout Boards & Packages: https://bitcointalk.org/index.php?topic=1308296 
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September 16, 2015, 06:55:00 PM
 #13

TradeBlock has a nice mining calculator tool as well.

https://tradeblock.com/bitcoin/mining

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September 16, 2015, 06:56:12 PM
 #14

Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley
If I remember correctly, hashlet was promoted as the best bitcoin hardware. Unfortunately, they are not around anymore Wink

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September 16, 2015, 07:01:58 PM
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do NOT fall for cloud mining scams as seen above, in any shape or form.  If a cloud mining operation looks even moderately profitable, it's VERY likely a scam/ponzi.  If it's meager at best (as is BitmainTech's Hashnest) it may be legitimate.  It's the law of free markets, if cloud mining were as profitable as many would lead you to believe, why wouldn't the operator just mine for themselves?  Huh

IBM 2880W PSU Packages: https://bitcointalk.org/index.php?topic=966135 IBM 4K PSU Breakout Boards & Packages: https://bitcointalk.org/index.php?topic=1308296 
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September 16, 2015, 07:09:57 PM
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It's the law of free markets, if cloud mining were as profitable as many would lead you to believe, why wouldn't the operator just mine for themselves?  Huh
How funny !!! Then why ASIC manufacturers sell ASIC ? They were supposed to manufacture and mine themselves. Roll Eyes
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September 16, 2015, 07:15:41 PM
 #17

Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley
dood if you r from india then i am sorry ,it being a hard time on u then ...as there is upto 30 % price increament until the product is reached to u because of custom charges .. still u can contact BITMAIN and clearify it.
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September 16, 2015, 07:17:38 PM
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@OP. Could you tell me what your electricity cost is? If you give me more information i can definitively tell you what to buy must most importantly what NOT to buy.
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September 16, 2015, 07:24:36 PM
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Hi guys. I am new to the bitcoin platform. I want to mine bitcoin. Please suggest me some best bitcoin mining hardware. Thanks in advance. Smiley
dood if you r from india then i am sorry ,it being a hard time on u then ...as there is upto 30 % price increament until the product is reached to u because of custom charges .. still u can contact BITMAIN and clearify it.
True. Mining with own hardware is probably not a good option in India. Not only Hardware cost is high, but also temperature is a problem here. The only advantage is, there are some places, where you can get very cheap electricity.
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September 16, 2015, 07:26:20 PM
 #20

https://bitmaintech.com/productDetail.htm?pid=00020140630025130637RV8OhOwt06BC

AntMiner S3 ! Work as hell years. Good  engineering piece. Good cooling, noise, hash..
S7 katastrofe! As S5 ..
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