Newbie wanting to get into mining. Needs help!

[Cire3]

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

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[Tupsu]

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm

[Stiefeljunge]

I understand all the stated concerns about cloud mining, but since i live in germany and have to pay 0.28€/kwh, there is pretty much no other option except for spending thousands of Euros on a real mining farm, and I sadly dont have that much...

[Cire3]

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm

     

Okay, those instructions seems fairly understandable. Just to make sure I'm understanding this correctly; you put in what pools and workers on the S3's settings and it then mines there or you need to use something like GUI miner? Also, I'm not sure how to set my Bitcoin wallet to my miner

[notlist3d]

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm

     

Okay, those instructions seems fairly understandable. Just to make sure I'm understanding this correctly; you put in what pools and workers on the S3's settings and it then mines there or you need to use something like GUI miner? Also, I'm not sure how to set my Bitcoin wallet to my miner

No just enter into configuration page on S3... and that is is.  No computer program like GUI miner or others.

It's very simple and easy.  Just log into S3 via ip, set it, and it should run.

[Cire3]

By that you mean I input my Wallet ID into the S3?

[Amph]

By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

[notlist3d]

By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.

[Cire3]

By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.

And by website you mean the Antminer's Server or the mining pool's?

[notlist3d]

By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.

And by website you mean the Antminer's Server or the mining pool's?

Have you logged into the antpool site?  In it you are able to add wallet to your account.

But you get a worker name with that pool.  It is not a pool you can mine direct to wallet.  It is one you use username and then it credit's to account... and assuming you meet requirements for withdraw every 24 hours antpool pays you.

[Cire3]

Correct me if I'm getting this wrong. On the Antminer's server you put in your Wallet ID so in 24 hour intervals the Antminer forwards the money into my wallet and you put in what pools you're currently wanting to mine into the server along with workers?

[notlist3d]

Correct me if I'm getting this wrong. On the Antminer's server you put in your Wallet ID so in 24 hour intervals the Antminer forwards the money into my wallet and you put in what pools you're currently wanting to mine into the server along with workers?

It's antminers site you put it in.  Interval I believe has a minimum is only thing, so it is possible not 24 but should be every 24 if you meet minimum mark.

I would say site.  You really don't do anything with " Antminer's server" with wallet.  You use " Antminer's server" that is stratum to mine.  But all the settings on wallet are on antpool website.

I ask that you sign up and look at it.  You will have a much better idea after you do.  

[Cire3]

I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?

[notlist3d]

I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?

Everyone is on different scales. If one S3 is biggest you are conformable or can go to, or most conformable investing yes stick with that.  But many go much higher in hashrate and higher priced machines.

I separate home and hobby miners really.  I consider one who scales it up a decent amount a hobby miner.  If you have 1 or 2 at home I consider home miner, each is a valid option depends on your situation.

[Cire3]

Chances are I'll experiment with 1 s3, where can I find one online? The official website has them in batches which I don't feel like dealing with. Any other options?

[Cire3]

Guys, is there any other Miners that have a higher Hash rate within my price range? I don't want to invest too much money to begin with, but a higher hash rate would be nice

[Amph]

I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?

no, more like $1 a day, without counting electricity, which will result in a loss in some case, i would avoid those bulky old asic miner, they ar enot efficient anymore, and even with free electricity they take up too much space and too much wattage

[Cire3]

Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

[notlist3d]

Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

Honestly if I were you I think you need to do a little more research.  I would HIGHLY recommend not ordering till you have done a little more, just seems a lot of questions.  They are valid questions but I suggest getting researching before you do any ordering.

I suggest looking up your exact electricity cost (include taxes/fees).   After that look at ROI, research it at different percentages.   Try different miners at ROI it is good practice if noting else.   After all that... research miners a little more.   Assuming you do all that then come back.  Decide if your doing for profit or learning.... and see if that is possible.   

Then start looking at buying.  It easily could take day's to go through all of this, there is no need to rush decision.

[philipma1957]

Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

okay here is the deal..
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sp20 = used only.----  needs a solid power supply  like an evga 1300g2

avalon 4.1 = used only. ---- needs a rasp pi and a good power supply really quiet miner

s-5   used only. --- needs a good psu  say 800 watts or more really loud with out mods.
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s-3 used only -----   uses less power hash = 450=500  and  watts =  350 /400  quiet good miner to learn how to mine

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new gear

avalon 6 costly        kind of quiet needs a quality psu and a rasp pi
antminer s-7 costly loud   needs a quality psu


the first three are 300 to 500 usd
the s-3  may be 125 usd
the new gear is over 1000 usd.