Bitcoin Forum
October 23, 2018, 12:09:23 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: cheap electricity so what now?  (Read 1578 times)
glitchgod
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
January 06, 2016, 08:43:41 PM
 #1

I live in middle of no where but there are farms and ranches near by so cause of this they offer FREE!!! 100% FREE FROM 9 PM TO 6 AM electricity!!!

I want to take advantage of this and kinda at crossroads.

My set up for where units would go is on a 6 shelf wire cabinet,4 separate 8 port switches, 2 power outlets but are on the same power line, and a voltage regulator.

Should i buy lets say 1 antminer s7 or like a ton of some other small one?
or should i even still bother?
1540253363
Hero Member
*
Offline Offline

Posts: 1540253363

View Profile Personal Message (Offline)

Ignore
1540253363
Reply with quote  #2

1540253363
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540253363
Hero Member
*
Offline Offline

Posts: 1540253363

View Profile Personal Message (Offline)

Ignore
1540253363
Reply with quote  #2

1540253363
Report to moderator
crairezx20
Legendary
*
Offline Offline

Activity: 1176
Merit: 1021


Hashino Bitcoin


View Profile WWW
January 06, 2016, 09:04:33 PM
 #2

I think mining is not profitable now a day but if you have free electricity you gain huge profit with s7 miner before halving ends...

███           ▄▄▄                          ███
███           ███    ▄█                    ███
███ ▄▄▄▄▄▄          ▄██▄▄▄▄      ▄▄▄▄▄     ███        ▄██▄    ▄▄▄         ▄▄▄
███████████▄  ███ ▐████████  ██▄███████▄   ███       ██████    ███       ███▀
███▀    ▀███▌ ███   ███      ███▀    ▀███  ███      ████████    ███     ███▀
███      ▐██▌ ███   ███      ███      ███  ███     ██▀    ▀██    ███   ███▀
███      ▐██▌ ███   ███      ███      ███  ███    ███      ███    ███ ███▀
███▄    ▄███▌ ███   ███▄     ███▄    ▄███  ███   ████▄    ▄████    █████▀
███████████▀  ███   ▀██████  ███████████▀  ███  ████████████████    ███▀
▀▀▀ ▀▀▀▀▀▀    ▀▀▀     ▀▀▀▀▀  ███ ▀▀▀▀▀▀    ▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀    ███▀
                             ███       ▄▄▄ ▄   ▄  ▄ ▄▄▄          ▄███▀
                             ███      █    █   █  █ █▄▄▀      █████▀
                             ▀▀▀      ▀▄▄▄ █▄▄ ▀▄▄▀ █▄▄█      ▀▀▀















❱❱
❰❰

unholycactus
Legendary
*
Offline Offline

Activity: 1078
Merit: 1021


https://reg-charity.org/


View Profile WWW
January 06, 2016, 09:32:33 PM
 #3

I think mining is not profitable now a day but if you have free electricity you gain huge profit with s7 miner before halving ends...


I doubt you can even ROI before the halving with any type of miner.

@OP use https://bitcoinwisdom.com/bitcoin/calculator change the increment at 15% and try to estimate how much an s7 would cost in total (hardware+shipping+taxes+other fees) and see if you can ROI yourself.

sheree
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
January 06, 2016, 09:33:53 PM
 #4

what about mining some valuable altcoins ? It may be better than bitcoin as the difficult is so high nowadays
unholycactus
Legendary
*
Offline Offline

Activity: 1078
Merit: 1021


https://reg-charity.org/


View Profile WWW
January 06, 2016, 09:38:27 PM
 #5

what about mining some valuable altcoins ? It may be better than bitcoin as the difficult is so high nowadays

There's few problems with that.
Most of them require different hardware, it's more speculative because altcoins are even more volatile than Bitcoin, the vast majority of altcoins are scams and many other reasons.

ivanst776
Legendary
*
Offline Offline

Activity: 1470
Merit: 1003



View Profile
January 06, 2016, 09:45:49 PM
 #6

I think mining is not profitable now a day but if you have free electricity you gain huge profit with s7 miner before halving ends...

Before the halving it is really hard to make any ROI because it is less than 6-7 months left.
But you will still be able to make the roi through this year probably even when the block reward is 50% less.


````````````````█████`█`███`██`██
```````````██`█``████████████████`█`██
````````███`███████``███`███``███████`███
``````█████████``██```````````███`██████`██
````██``███``██````````````````````█``████`██
```██`███`██`````````````````````````██`███`██
``██`██████````````````````````````````█████`██
`██`███``█`````````````````````````````██``██`██
`██`█████```````````````````````````````█████`██
`██`██`█````````````````````````````````██`███`██
`██`█████````````██`````██``````````````█████`██
`██`███``█```````██````███````██```````██``██`██
``██`██████````█████`███████``███``````█████`██
```██`███`██``███████``██████`████````██``██`██
````██–`███``███`██``███████``██████``████`██
``````██`██████``████████████████`██████`██
````````███`███████``███`███``███████``██
```````````██```█████████████████```██
```````````````███████``███`██`██
ADAB
Solutions

█▀▀▀▀▀▀█
█ █▀▀▀ █
█ ▄▄▄█ █
█      █
█ █▀▀▀ █
█ ▄▄▄█ █
█      █
█ █▀▀▀ █
█ ▄▄▄█ █
█▄▄▄▄▄▄█

█▀▀▀▀▀▀█
█ █▀▀▀ █
█ ▄▄▄█ █
█      █
█ █▀▀▀ █
█ ▄▄▄█ █
█      █
█ █▀▀▀ █
█ ▄▄▄█ █
█▄▄▄▄▄▄█
● Facebook
●Twitter    
●Telegram   
omahapoker
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
January 06, 2016, 09:50:26 PM
 #7



My advice you can buy 1 antminer s7 and if from 1 antminer s7 you get a lot bitcoin, buy 1 again. Tongue

he wont make it , the halving is near, the difficulty goes up = your profit goes down... even with cheap electricity, its not going to be easy
AmDD
Legendary
*
Offline Offline

Activity: 1009
Merit: 1005



View Profile
January 06, 2016, 09:53:13 PM
 #8

It also depends on what your electric costs the rest of the day. If you only mine for those 9 free hours it'll take a lot of your time (having to start/stop the miner each day, unless you script it) plus youre only mining 38% of a day. You should figure out what it would cost to run a miner 24 hours, including the 9 free hours. It might still be profitable. Or look at buying older hardware for cheap/free and run that only during the free hours.

The problem might become that if you start a big farm of old (free) hardware the power company will realize it and start charging you for the "excessive" use.

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
knightkon
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500



View Profile
January 07, 2016, 01:23:49 AM
 #9

I think mining is not profitable now a day but if you have free electricity you gain huge profit with s7 miner before halving ends...

I have to agree that mining today is not profitable for the small guy.  If you are happy paying out $1,000 and seeing a return of $50 a month, is it worth the $1,000 you spent?  It could be profitable, but you first have to recoup your money from purchasing your miners. 
Amph
Legendary
*
Offline Offline

Activity: 2016
Merit: 1001



View Profile
January 07, 2016, 07:33:50 AM
 #10

the next step would be to see how many wattage this place can deliver, and how much is your investment

then you can go ahead and buy a s7, don't bother with other asic, as they require more wattage, which mean more psu
glitchgod
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
January 07, 2016, 08:48:54 AM
 #11

WOW that a goods a deal free electricity from 9PM to 6AM, where country you live ?

My advice you can buy 1 antminer s7 and if from 1 antminer s7 you get a lot bitcoin, buy 1 again. Tongue

america, texas, on the border...i shall say no more

It also depends on what your electric costs the rest of the day. If you only mine for those 9 free hours it'll take a lot of your time (having to start/stop the miner each day, unless you script it) plus youre only mining 38% of a day. You should figure out what it would cost to run a miner 24 hours, including the 9 free hours. It might still be profitable. Or look at buying older hardware for cheap/free and run that only during the free hours.

The problem might become that if you start a big farm of old (free) hardware the power company will realize it and start charging you for the "excessive" use.

the cost during the day is $0.13 a kilowatt.
i ran a script of my dear old S1 way back to shutdown
as for the power issue i kinda already run about 4 compters at about 650watts each at night and only night  for "projects" and they haven't said anything yet

the next step would be to see how many wattage this place can deliver, and how much is your investment

then you can go ahead and buy a s7, don't bother with other asic, as they require more wattage, which mean more psu

 breakers in this room would be a 15 amp
price investment is maybe 1k to 2k but 2k is most thats why im kinda at a crossroads.
AmDD
Legendary
*
Offline Offline

Activity: 1009
Merit: 1005



View Profile
January 07, 2016, 02:26:28 PM
 #12


It also depends on what your electric costs the rest of the day. If you only mine for those 9 free hours it'll take a lot of your time (having to start/stop the miner each day, unless you script it) plus youre only mining 38% of a day. You should figure out what it would cost to run a miner 24 hours, including the 9 free hours. It might still be profitable. Or look at buying older hardware for cheap/free and run that only during the free hours.

The problem might become that if you start a big farm of old (free) hardware the power company will realize it and start charging you for the "excessive" use.

the cost during the day is $0.13 a kilowatt.
i ran a script of my dear old S1 way back to shutdown
as for the power issue i kinda already run about 4 compters at about 650watts each at night and only night  for "projects" and they haven't said anything yet


So your average price throughout the day should be $0.08 a kilowatt which (if my math is correct) is pretty decent. In my opinion you still have two real options. 1) buy new ASICs which are very efficient and mine 24/7 or 2) buy cheap older gen ASICs and only mine at night. Maybe a third option would be to get both new and old ASICs - mine with newer ones 24/7 and only power the rest up at night. All this mostly depends on the price you can get ASICs for.

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
VirosaGITS
Legendary
*
Offline Offline

Activity: 1106
Merit: 1063



View Profile
January 07, 2016, 02:45:45 PM
 #13


It also depends on what your electric costs the rest of the day. If you only mine for those 9 free hours it'll take a lot of your time (having to start/stop the miner each day, unless you script it) plus youre only mining 38% of a day. You should figure out what it would cost to run a miner 24 hours, including the 9 free hours. It might still be profitable. Or look at buying older hardware for cheap/free and run that only during the free hours.

The problem might become that if you start a big farm of old (free) hardware the power company will realize it and start charging you for the "excessive" use.

the cost during the day is $0.13 a kilowatt.
i ran a script of my dear old S1 way back to shutdown
as for the power issue i kinda already run about 4 compters at about 650watts each at night and only night  for "projects" and they haven't said anything yet


So your average price throughout the day should be $0.08 a kilowatt which (if my math is correct) is pretty decent. In my opinion you still have two real options. 1) buy new ASICs which are very efficient and mine 24/7 or 2) buy cheap older gen ASICs and only mine at night. Maybe a third option would be to get both new and old ASICs - mine with newer ones 24/7 and only power the rest up at night. All this mostly depends on the price you can get ASICs for.

Its too expensive for S7's. Better he buy a ton of cheap S1/S2/S3 and only run them during the free period. The S7 is too expensive per GH to run only some of the time. 0.08$ per kWh is not that good.

We are the Mineority @ https://mineority.io
Currently not accepting commissions for Custom BIOS work @OhGodACompany
OhGodAnAi@gmail.com / virosabios@gmail.com
samsonn25
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1003



View Profile
January 07, 2016, 11:35:10 PM
 #14

WOW that a goods a deal free electricity from 9PM to 6AM, where country you live ?

My advice you can buy 1 antminer s7 and if from 1 antminer s7 you get a lot bitcoin, buy 1 again. Tongue

america, texas, on the border...i shall say no more

It also depends on what your electric costs the rest of the day. If you only mine for those 9 free hours it'll take a lot of your time (having to start/stop the miner each day, unless you script it) plus youre only mining 38% of a day. You should figure out what it would cost to run a miner 24 hours, including the 9 free hours. It might still be profitable. Or look at buying older hardware for cheap/free and run that only during the free hours.

The problem might become that if you start a big farm of old (free) hardware the power company will realize it and start charging you for the "excessive" use.

the cost during the day is $0.13 a kilowatt.
i ran a script of my dear old S1 way back to shutdown
as for the power issue i kinda already run about 4 compters at about 650watts each at night and only night  for "projects" and they haven't said anything yet

the next step would be to see how many wattage this place can deliver, and how much is your investment

then you can go ahead and buy a s7, don't bother with other asic, as they require more wattage, which mean more psu

 breakers in this room would be a 15 amp
price investment is maybe 1k to 2k but 2k is most thats why im kinda at a crossroads.

What are you doing with those 4 computers that you run 650 watts each?  Playing videogames on max with dual video cards??
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 08, 2016, 01:53:13 AM
 #15

the next step would be to see how many wattage this place can deliver, and how much is your investment

then you can go ahead and buy a s7, don't bother with other asic, as they require more wattage, which mean more psu

Avalon 6 has a group buy it looks like currently that might be worth looking at if stuck on 110/120.   But your right if they are able to power the S7 it is cheaper as far as hash currently.

I think he needs to figure out the wattage like you said though. Unless his line is 220/240 I think one modern miner will use most of his "2 power outlets but are on the same power line"
Amph
Legendary
*
Offline Offline

Activity: 2016
Merit: 1001



View Profile
January 08, 2016, 07:35:06 AM
 #16

the next step would be to see how many wattage this place can deliver, and how much is your investment

then you can go ahead and buy a s7, don't bother with other asic, as they require more wattage, which mean more psu

Avalon 6 has a group buy it looks like currently that might be worth looking at if stuck on 110/120.   But your right if they are able to power the S7 it is cheaper as far as hash currently.

I think he needs to figure out the wattage like you said though. Unless his line is 220/240 I think one modern miner will use most of his "2 power outlets but are on the same power line"

i believe he has at disposal the standard 3kw-3.8kw like i have here, but with cheaper electricity

anyway at this point no matter if you have free or not electricity i would only go with the s7, which is cheap enough nowadays

the simple reason for this is because you cna fill more hashrate with lower wattage limit, if you use the s7, efficiency is not about earning only, but about density also
glitchgod
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
January 08, 2016, 03:09:51 PM
 #17

What are you doing with those 4 computers that you run 650 watts each?  Playing videogames on max with dual video cards??

private servers made of not the best parts, 1 is for 3d rendering projects (easy side money...classmates send me the 3d file and then i render it out ), 2 are game servers running, and last 1 is just clone of the game servers
like i said not the best parts like 7-10 years old and pawn store quality

Avalon 6 has a group buy it looks like currently that might be worth looking at if stuck on 110/120.   But your right if they are able to power the S7 it is cheaper as far as hash currently.

I think he needs to figure out the wattage like you said though. Unless his line is 220/240 I think one modern miner will use most of his "2 power outlets but are on the same power line"
sry about that

i have standard 110/120 with rare power spikes
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 08, 2016, 08:15:58 PM
 #18

Avalon 6 has a group buy it looks like currently that might be worth looking at if stuck on 110/120.   But your right if they are able to power the S7 it is cheaper as far as hash currently.

I think he needs to figure out the wattage like you said though. Unless his line is 220/240 I think one modern miner will use most of his "2 power outlets but are on the same power line"
sry about that

i have standard 110/120 with rare power spikes


If you have 110/120 and only 2 power outlets that lead to same power line one new miner ill most likely max out your outlet pretty  well.  Say you go with S6 and 1600 watt evga, then you have used up pretty much all of that outlet.

You will need more electricity and more power lines if you want to have multiple and 220/240 is best anymore.
jstew
Sr. Member
****
Offline Offline

Activity: 458
Merit: 500


View Profile
January 08, 2016, 08:20:37 PM
 #19

i can get free power , if i shut down 4 hours per day mon-friday, and shut down completly  on weekends.
i make more just paying the power bill and running 24/7.

depnding on power cost sometimes it doesnt make sense to only run a few hours a day and get free power
mtnsaa
Legendary
*
Offline Offline

Activity: 1134
Merit: 1000


View Profile
January 08, 2016, 08:28:30 PM
 #20

You should definitely take advantage of that, just get an old miner and you are all set, you won't be making much of course but it would be free and if you have faith in Bitcoin it could be much more valuable in a couple of years, twice or more.

You can also try mining another coin that gives you more bang for your buck: https://www.whattomine.com

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!