Bitcoin Forum
November 19, 2018, 02:21:45 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Mining solo with an Ant S7  (Read 777 times)
LiberOptions
Sr. Member
****
Offline Offline

Activity: 410
Merit: 250


View Profile
January 06, 2016, 10:17:56 PM
 #1

I recently bought an S7 ANtminer. Do you think its a good idea going solo with this equipment?
1542594105
Hero Member
*
Offline Offline

Posts: 1542594105

View Profile Personal Message (Offline)

Ignore
1542594105
Reply with quote  #2

1542594105
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542594105
Hero Member
*
Offline Offline

Posts: 1542594105

View Profile Personal Message (Offline)

Ignore
1542594105
Reply with quote  #2

1542594105
Report to moderator
omahapoker
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
January 06, 2016, 10:19:23 PM
 #2

It depends what your goal is?? How much profit do you want? Do want to try your luck in a mining pool? Do you have to pay for electricity?

With no context, its hard to say, so please provide more information.
philipma1957
Legendary
*
Offline Offline

Activity: 2282
Merit: 1378


Avalon 841 rocks


View Profile
January 06, 2016, 10:43:04 PM
 #3

I recently bought an S7 ANtminer. Do you think its a good idea going solo with this equipment?

so it cost 1,300 and psu is 150 so out of pocket = 1450 maybe 1500

it burns 32 kwatts a day or 960 watts a month  say 10 cents = 96 dollars round to 100

so 1500 out of pocket 100 month to run 1 year later no block = loss of 2700

one year later you hit 1 block when ½ happened so 12.5 coins = 5000 in pocket.

really good luck you hit 2 blocks at 25 coins each 20,000 in pocket.


up to you to decide if losing 2700 is something you can afford to do.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 07, 2016, 04:28:18 AM
 #4

I recently bought an S7 ANtminer. Do you think its a good idea going solo with this equipment?

so it cost 1,300 and psu is 150 so out of pocket = 1450 maybe 1500

it burns 32 kwatts a day or 960 watts a month  say 10 cents = 96 dollars round to 100

so 1500 out of pocket 100 month to run 1 year later no block = loss of 2700

one year later you hit 1 block when ½ happened so 12.5 coins = 5000 in pocket.

really good luck you hit 2 blocks at 25 coins each 20,000 in pocket.


up to you to decide if losing 2700 is something you can afford to do.

I personally would not do it unless you had a large set of miners.   If you can point majority at a pool and make some profit there to cover the miner then sure if you want to try.  But if just 1 miner I personally would not solo mine my one miner.

But everyone is different you might enjoy soloing enough to lose a decent amount.  Phil did a great job on math.    I would suggest against it and find a good pool.  If you really wanted to seriously solo mine I would look into renting large amounts and trying that if you serious..... but again expensive very quickly.
Amph
Legendary
*
Offline Offline

Activity: 2044
Merit: 1003



View Profile
January 07, 2016, 07:38:12 AM
 #5

i really doubt he can hit the block the second year, the average for one block for a single s7 is very bad

assuming no diff increase one s7 right now can hit a block on a average of 1111+ days, this mean 3 years at least...
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 07, 2016, 11:04:50 PM
 #6

i really doubt he can hit the block the second year, the average for one block for a single s7 is very bad

assuming no diff increase one s7 right now can hit a block on a average of 1111+ days, this mean 3 years at least...

There is a reason why some call solo mining "lotto mining" the odds are against you.  It is not something you can really justify I don't think with 1 S7.

I would pool mine it as I said before.  Only if a decent hobby mining operation can pay for 1 doing it for fun would I even look at it.  Even then I still personally don't solo mine anything that big.  I stick with U3's and compacs.  Those I can do for cheap on solo mining.
WENGER
Sr. Member
****
Offline Offline

Activity: 275
Merit: 250


Negative rating was requested by me (SFR10)


View Profile WWW
January 08, 2016, 01:24:03 PM
 #7

With a single S7, I wouldn't waste my time to enter into a lottery and wait and hope for the best so I would advise to go to a pool and mine there instead so each of your shares be rewarded but if you happen to have another set of S7 that you could let to run (Maybe something around 10 of them) then that's when you should mine solo.
mavericklm
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
January 08, 2016, 02:25:13 PM
 #8

The question is: wanna have fun indifferent of the outcome?
Pages: [1]
  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!