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Author Topic: Advise for mining  (Read 1479 times)
Amph
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November 01, 2015, 07:55:56 AM
 #21

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.


I was just saying no older then this.  He is free to get newer and yes he will have more hash.   It all depends on what price he can get gear at.  As I think S7 is overkill on .03 cents currently.  

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents.  I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).
He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton.

You are right he's in a awsome position as far as options.  A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that.   If he got a S7 yes he would be able to use it for quite some time.  If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7.

So pros/cons on both sides.
The halving is something to consider, it seems it will could kick out low miners and lower difficulty or price will adjust. Just no way to know the future =/

Will the halving reward few months later affect the earning? And how about the effects of halving for us newbie miners?

with the new s7 you should do fine if your electricity is very cheap even after the halving, this halving isn't so troublesome it does not need a price increase to have a sustainable mining activity

the next one (6.25 per block) instead will have a much bigger effect, in the sense that the price must rise at all cost, or all miners are out of the game
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November 01, 2015, 08:01:57 AM
 #22

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.


I was just saying no older then this.  He is free to get newer and yes he will have more hash.   It all depends on what price he can get gear at.  As I think S7 is overkill on .03 cents currently.  

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents.  I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).
He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton.

You are right he's in a awsome position as far as options.  A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that.   If he got a S7 yes he would be able to use it for quite some time.  If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7.

So pros/cons on both sides.
The halving is something to consider, it seems it will could kick out low miners and lower difficulty or price will adjust. Just no way to know the future =/

Will the halving reward few months later affect the earning? And how about the effects of halving for us newbie miners?

with the new s7 you should do fine if your electricity is very cheap even after the halving, this halving isn't so troublesome it does not need a price increase to have a sustainable mining activity

the next one (6.25 per block) instead will have a much bigger effect, in the sense that the price must rise at all cost, or all miners are out of the game

At least all hobby and home miners at least.  Some of the big corporations just have such low electricity they will last pretty much most situations.  I they can't make a profit I think bitcoin would kinda fall apart, as that means no one is making profit but "free".

The good news is price has already headed twords a better direction.  It's hard to say what having will be like... just to much to predict.
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November 02, 2015, 07:32:44 AM
 #23

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.


I was just saying no older then this.  He is free to get newer and yes he will have more hash.   It all depends on what price he can get gear at.  As I think S7 is overkill on .03 cents currently.  

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents.  I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).
He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton.

You are right he's in a awsome position as far as options.  A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that.   If he got a S7 yes he would be able to use it for quite some time.  If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7.

So pros/cons on both sides.

The halving is something to consider, it seems it will could kick out low miners and lower difficulty or price will adjust. Just no way to know the future =/

Will the halving reward few months later affect the earning? And how about the effects of halving for us newbie miners?

with the new s7 you should do fine if your electricity is very cheap even after the halving, this halving isn't so troublesome it does not need a price increase to have a sustainable mining activity

the next one (6.25 per block) instead will have a much bigger effect, in the sense that the price must rise at all cost, or all miners are out of the game

At least all hobby and home miners at least.  Some of the big corporations just have such low electricity they will last pretty much most situations.  I they can't make a profit I think bitcoin would kinda fall apart, as that means no one is making profit but "free".

The good news is price has already headed twords a better direction.  It's hard to say what having will be like... just to much to predict.

the price is 50% right now, to sufficient for the 2020 halving, it should be x2 at the very least, but there is a long way to go before that halving

i' sure bitcoin will stabilize at a higher level, but what i want to say is that the halving is a good indicator, on what will happen to bitcoin based on the price or future value
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November 02, 2015, 08:12:54 AM
 #24

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.


I was just saying no older then this.  He is free to get newer and yes he will have more hash.   It all depends on what price he can get gear at.  As I think S7 is overkill on .03 cents currently.  

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents.  I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).
He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton.

You are right he's in a awsome position as far as options.  A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that.   If he got a S7 yes he would be able to use it for quite some time.  If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7.

So pros/cons on both sides.
The halving is something to consider, it seems it will could kick out low miners and lower difficulty or price will adjust. Just no way to know the future =/

Will the halving reward few months later affect the earning? And how about the effects of halving for us newbie miners?

with the new s7 you should do fine if your electricity is very cheap even after the halving, this halving isn't so troublesome it does not need a price increase to have a sustainable mining activity

the next one (6.25 per block) instead will have a much bigger effect, in the sense that the price must rise at all cost, or all miners are out of the game

At least all hobby and home miners at least.  Some of the big corporations just have such low electricity they will last pretty much most situations.  I they can't make a profit I think bitcoin would kinda fall apart, as that means no one is making profit but "free".

The good news is price has already headed twords a better direction.  It's hard to say what having will be like... just to much to predict.
the price is 50% right now, to sufficient for the 2020 halving, it should be x2 at the very least, but there is a long way to go before that halving

i' sure bitcoin will stabilize at a higher level, but what i want to say is that the halving is a good indicator, on what will happen to bitcoin based on the price or future value

I think I fixed your post it was in the middle of the quotes instead of bottom.  But I would having will be a good indicator.

But having is hard to predict pricing or anything really.  And really we already had a jump of almost 100 dollars which is nice.  If the jumps come far before having that is better for us miners.
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November 02, 2015, 10:06:09 PM
 #25

Now I am trying to make profit to mine. Can anyone advise me on what mining equipment to mine and the ROI?
My electricity is 3 cents/ kWH. My budget is around 2500 usd.
Thanks

grab your 2500 usd and buy some bitcoins via localbitcoins.com, load them to paper wallets and thanks me later. deal?

so dude, I hope that you bought when I gave you this amazing advice, because potential profit of selling it right now is higher, than you can get from 2500USD mining gear..Smiley)
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November 02, 2015, 11:31:53 PM
 #26

Lol 0.03$/kWh  Shocked
Where do you live?
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November 02, 2015, 11:51:38 PM
 #27

Lol 0.03$/kWh  Shocked
Where do you live?

If US Washington seems to be main spot with low electricity.  Heard off a few others.

But a lot of those .03 and such are in places like China.  China the operations can really do good with being partners with a electricity company.
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November 03, 2015, 03:12:56 AM
 #28

Why don't you buy the latest S7=? Those would certainly bring you ROI and some profit before the next bitcoin halving.
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November 03, 2015, 09:27:34 AM
 #29

Why don't you buy the latest S7=? Those would certainly bring you ROI and some profit before the next bitcoin halving.

I would guess part of it is that the S7 is currently out on Bitmains site.  So have to get from third party.

Also the S7 lite is rumored and no one knows for sure on it.  And Avalon 6 is rumored to be soon.... so if rumors are right people are hoping they compete a little on pricing.  But probley will not happen.
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November 04, 2015, 07:25:53 AM
 #30

Lol 0.03$/kWh  Shocked
Where do you live?

If US Washington seems to be main spot with low electricity.  Heard off a few others.

But a lot of those .03 and such are in places like China.  China the operations can really do good with being partners with a electricity company.

never heard of 0.03 in china, the lowest that i heard of was 0.05, this mean that they are competing heavily between each other, which increase decentralization, that's a good thing if it's true

also those 0.03 places will be saturated one day, i'm wondering how china will do by then
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November 04, 2015, 09:44:34 AM
 #31

Lol 0.03$/kWh  Shocked
Where do you live?

I live in South East Area region where all the cost of living is very low. I can live for 2 weeks with just 1 bitcoin.
Lahvacekmoney
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November 04, 2015, 10:36:21 PM
 #32

Lol 0.03$/kWh  Shocked
Where do you live?

I live in South East Area region where all the cost of living is very low. I can live for 2 weeks with just 1 bitcoin.

Wow!
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November 05, 2015, 02:46:40 AM
 #33

Lol 0.03$/kWh  Shocked
Where do you live?

I pay 0.027$/kWh and I live in Washington. It's the cheapest I have personally ever heard of.
Amph
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November 05, 2015, 07:30:50 AM
 #34

Lol 0.03$/kWh  Shocked
Where do you live?

I pay 0.027$/kWh and I live in Washington. It's the cheapest I have personally ever heard of.

you have a big farm i suppose, you should do hosting, if you have enough place, if you don't add huge maintanance cost i may be interested, with escrow of course
Lahvacekmoney
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November 05, 2015, 07:00:21 PM
 #35

Lol 0.03$/kWh  Shocked
Where do you live?

I pay 0.027$/kWh and I live in Washington. It's the cheapest I have personally ever heard of.

you have a big farm i suppose, you should do hosting, if you have enough place, if you don't add huge maintanance cost i may be interested, with escrow of course

I'm interested too it's the cheapest price per kWh i ever seen..
kingcolex
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November 05, 2015, 07:11:05 PM
 #36

Lol 0.03$/kWh  Shocked
Where do you live?

I pay 0.027$/kWh and I live in Washington. It's the cheapest I have personally ever heard of.
Also being in Washington you could easily use the miners for heat during most of the year, that's low enough to run most miners at a profit!














 

 

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