Want to start mining

[Yolo123]

Hi,

I have been in Bitcoin for while now. But now I want to get more into it and contribute to the system. I want to setup a mining area. I live in a cold area year round, cheap electricity 0.058 Kw/h and cheap rent. I need some help on which miner to buy? how many? will I make some money? should I solo or go with a pool? and more

Your help is much appreciated. You can pm as well!

Thanks,

[1714055223]

1714055223

[1714055223]

1714055223

[1714055223]

1714055223

[VirosaGITS]

Hi,

I have been in Bitcoin for while now. But now I want to get more into it and contribute to the system. I want to setup a mining area. I live in a cold area year round, cheap electricity 0.058 Kw/h and cheap rent. I need some help on which miner to buy? how many? will I make some money? should I solo or go with a pool? and more

Your help is much appreciated. You can pm as well!

Thanks,

Of course mine in a pool. At that price, anything that will generate heat you need anyways is pure win:win. What miners to get depend on your budget, electrical capacity, etc.

S5's are a good place to start looking. S7 soon, i think the price will be where it need to be at. (Antminer)

Also where you plan on putting them matter because of noise.

[Amph]

that electricity is almost on par with big farm, so profit will be made for sure, otherwise those big farm will shut down, instead they keep adding new asic

i would go straight with the s7, maybe used to reduce the initial investment

[Betwrong]

Hi,

I have been in Bitcoin for while now. But now I want to get more into it and contribute to the system. I want to setup a mining area. I live in a cold area year round, cheap electricity 0.058 Kw/h and cheap rent. I need some help on which miner to buy? how many? will I make some money? should I solo or go with a pool? and more

Your help is much appreciated. You can pm as well!

Thanks,

Since you are just starting I suggest you to mine in a pool. Buy 2-3 used (but in good condition) Antminer S5 for starters.

And since you are living in a cold area I suggest you to consider using the heat from your miners for heating rooms.

[Yolo123]

I will be renting a garage with 2 areas, an area to chill and the other for mining.

[HarryKPeters]

I will be renting a garage with 2 areas, an area to chill and the other for mining.

Don't forget the miners make noice. Quite a lot if you have a lot of them. If you want to chill in the same garage,this could be a problem.
But your energy price is very nice.

Therefore I would advice you to buy with 4 S7 and see if you can handle the noice.

[notlist3d]

I will be renting a garage with 2 areas, an area to chill and the other for mining.

Don't forget the miners make noice. Quite a lot if you have a lot of them. If you want to chill in the same garage,this could be a problem.
But your energy price is very nice.

Therefore I would advice you to buy with 4 S7 and see if you can handle the noice.

The noise even on the PSU's if your using the bitmain PSU's can be decent, and S7 is loud as-well. If there is not decent insulation or something between the area inside might be able to hear it still.

So some garages could work great.  Others are not so great and the noise could drive you crazy.

[Yolo123]

The noise should not be a problem. I am thinking of buying 10 s7 and go from there.

But my concern is more the requirements that I must have in the garage to make sure I am efficient, like the electricity requirements & equipment, all i know is that our plugs here are 120v, i am beginner when it comes to that. I know mining is not plug and play so i definitely have to do some home work but some guidance would really help.

[VirosaGITS]

The noise should not be a problem. I am thinking of buying 10 s7 and go from there.

But my concern is more the requirements that I must have in the garage to make sure I am efficient, like the electricity requirements & equipment, all i know is that our plugs here are 120v, i am beginner when it comes to that. I know mining is not plug and play so i definitely have to do some home work but some guidance would really help.

Well you'll be loading up 116amp there. Most importantly you will be needing airflow management, otherwise your garage is going to turn into a furnace. And then also; You will need the PSUs, surge protectors, network cabling etc.
And if 80-90dB is not a problem (beside the fact it would tear your eardrums if you stay next to it for too long) then cheers.

If you have more specific question, i'm listening.

[notlist3d]

The noise should not be a problem. I am thinking of buying 10 s7 and go from there.

But my concern is more the requirements that I must have in the garage to make sure I am efficient, like the electricity requirements & equipment, all i know is that our plugs here are 120v, i am beginner when it comes to that. I know mining is not plug and play so i definitely have to do some home work but some guidance would really help.

Honestly you might try starting slow if your new to mining.  Get 3-4 and run fewer at first.  It will give you a lot more confidence and also test the area out.   Jumping straight to 10 in a hobby miner setting from none is a decent jump.

If any problems I would rather not have 10 miners setting there not mining.  Or even half if for unseen problem.  Starting smaller and growing honestly is more safe route.  When you talk about 120 that worries me as you are looking at like the 400 dollar EVGA instead of a nice server PSU, or Bitmain PSU running on 220/240.

[EngiNerd]

Honestly you might try starting slow if your new to mining.  Get 3-4 and run fewer at first.  It will give you a lot more confidence and also test the area out.   Jumping straight to 10 in a hobby miner setting from none is a decent jump.

Absolutely agree. Get a few, figure out setting them up, your layout details, etc. Then as you grow more comfortable and familiar with the various logistics involved, you can grow your farm.

[Biodom]

The noise should not be a problem. I am thinking of buying 10 s7 and go from there.

But my concern is more the requirements that I must have in the garage to make sure I am efficient, like the electricity requirements & equipment, all i know is that our plugs here are 120v, i am beginner when it comes to that. I know mining is not plug and play so i definitely have to do some home work but some guidance would really help.

if you have 120V and need ATX PSU, i have two EVGA 1300 G2 (one used for just one week and one new in the box) that I can sell at a very good price.
I also have two PCI extenders that would bring one of them to needed 10 connectors. For another one you can get extenders for $3.95 shipped at Amazon. You can run just one S7 and not much else on a typical 15A 120V circuit.

I would suggest to start with one-two S7, see how it works, then proceed to expand. One thing-they are quite noisy.

[notlist3d]

Honestly you might try starting slow if your new to mining.  Get 3-4 and run fewer at first.  It will give you a lot more confidence and also test the area out.   Jumping straight to 10 in a hobby miner setting from none is a decent jump.

Absolutely agree. Get a few, figure out setting them up, your layout details, etc. Then as you grow more comfortable and familiar with the various logistics involved, you can grow your farm.

I think it's the most financially responsible.  Being a new miner it sounds like even 1-2 will be a good test of your location.  You can test sound, you learn about electricity possibly.  A lot have went to 220/240 as it can run server PSU's with the extra power and it can save a lot of money vs ATX psu's.

But jumping to 10 of these...  you are talking multiple 220/240 lines, PDU's, it is winter so it's easier but cooling and in summer it's much harder, there is just a lot of a learning curve.  And if you have miners sitting there not mining when you figure it out will kill your ROI depending how long they sit there.    I had trouble with a PDU recently and locally they cost a ton, so I ordered a extra PDU to have.  So I think you will find parts you want to have around with a operation like that.  So again learning curve.

[talks_cheep]

Go for it! You have nothing to lose. Buy 10 of the S7's and you will soon buy a Ferrari with your mining profit. I have a Porche, only because I don't have S7's, only S1's. Bitcoin will soon be worth $500,000; with your S7's, you will be swimming in cash in no time!!!

[Yolo123]

I am gonna follow your advice and buy 1 to see how it works. I can buy 1 s7 and wait till i get or buy today an s4 2th/s for approx 600 usd. What do u recommend?

[Biodom]

I am gonna follow your advice and buy 1 to see how it works. I can buy 1 s7 and wait till i get or buy today an s4 2th/s for approx 600 usd. What do u recommend?

Definitely S7, in my opinion. If you want a small one first just to try, get S3 here in the marketplace or even ebay.
Essentially the same gui (almost), same type of connections, much less noise and cost around $100 or so.

[notlist3d]

I am gonna follow your advice and buy 1 to see how it works. I can buy 1 s7 and wait till i get or buy today an s4 2th/s for approx 600 usd. What do u recommend?

Definitely S7, in my opinion. If you want a small one first just to try, get S3 here in the marketplace or even ebay.
Essentially the same gui (almost), same type of connections, much less noise and cost around $100 or so.

The S4 will get you around 2T.  So take times to that is 1200 dollars for around 4T.  So for not much money you can get a S7.

I think 1 is a great idea though gives you experience and testing of area, without chance of a ton of them sitting there not mining due to unforeseen problems.

[Yolo123]

I will buy 1 s7 and buy 3 of these http://www.evga.com/Products/Product.aspx?pn=100-W1-0500-KR

Do i need something else?? Will it work with a home plug 120V?

 

[notlist3d]

I will buy 1 s7 and buy 3 of these http://www.evga.com/Products/Product.aspx?pn=100-W1-0500-KR

Do i need something else?? Will it work with a home plug 120V?

If at all possible I would look at 220/240.   There are just so many nice server PSU's.   That PSU just kinda seems cheap, I hate putting cheap PSU's on nice gear.

Others can chime in and see if they think the same as me or if i'm one of the few that think that on PSU's.

[philipma1957]

I will buy 1 s7 and buy 3 of these http://www.evga.com/Products/Product.aspx?pn=100-W1-0500-KR

Do i need something else?? Will it work with a home plug 120V?

 

garbage psu for this task.


A decent psu is tricky with the s-7. I would not use your pick.

I assume you have only 120 volt choice.

three of these should work.

http://www.newegg.com/Product/Product.aspx?Item=N82E16817438060

they are single rail they have 4 separate vga cables each. that is 12 and you will need 10 of them

and they have a rebate
http://images10.newegg.com/uploadfilesfornewegg/rebate/SH/EVGA3MIRsDec16Dec3115cd12us1.pdf


still 94 + 94 + 94 = 282 - 30 rebate = 252

let me look more


two of these are solid

http://www.newegg.com/Product/Product.aspx?Item=N82E16817438062&cm_re=evga_1000-_-17-438-062-_-Product

6 separate vga/pcie cable each = 12 total you need ten


30 dollar rebate
http://images10.newegg.com/uploadfilesfornewegg/rebate/SH/EVGA3MIRsDec16Dec3115cd12us1.pdf


so 135 + 135 = 270 - 30 = 240   

  use one for 2 blades with six cables.
use one for 1 blades + controller with four cables