Bitcoin Forum
September 23, 2018, 11:06:53 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Antminer s7  (Read 866 times)
linethan8
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
January 17, 2016, 03:14:09 AM
 #1

I have an Antminer s7 batch 9 running at 7.4th/s. Will it be more profitable mining in a pool or just by myself?
1537744013
Hero Member
*
Offline Offline

Posts: 1537744013

View Profile Personal Message (Offline)

Ignore
1537744013
Reply with quote  #2

1537744013
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
achow101
Staff
Legendary
*
Offline Offline

Activity: 1526
Merit: 1650


3F1Y9yquzvY6RWvKbw2n2zeo9V5mvBhADU


View Profile WWW
January 17, 2016, 03:20:41 AM
 #2

If you solo mine, you get big rewards, but have very low chances of getting it. If you pool mine, you get constant payout but it is very low. Take your pick.

mwizard
Full Member
***
Offline Offline

Activity: 205
Merit: 100


View Profile
January 17, 2016, 03:56:35 AM
 #3

I have an Antminer s7 batch 9 running at 7.4th/s. Will it be more profitable mining in a pool or just by myself?

7th/s is about a 100,000th of the total network. 

This means over a month you have only about a 4% chance of finding a block (30*24*6/100,000).  Your changes will fall in the future months as the difficult rises.

So "‘You've got to ask yourself one question. Do I feel lucky?"

notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 17, 2016, 04:44:16 AM
 #4

I have an Antminer s7 batch 9 running at 7.4th/s. Will it be more profitable mining in a pool or just by myself?

7th/s is about a 100,000th of the total network. 

This means over a month you have only about a 4% chance of finding a block (30*24*6/100,000).  Your changes will fall in the future months as the difficult rises.

So "‘You've got to ask yourself one question. Do I feel lucky?"



And the chances are only going to get worse.  If you really want to lotto mine I suggest getting a compac or two and a RPI.   You can mine for lotto for fun if you want to.

S7 for most is to big of gamble the machine is pricey for a payday that likely will not come.  And there is also electricity cost so your cost will get more and more.  I would highly suggest a pool.
Amph
Legendary
*
Offline Offline

Activity: 1988
Merit: 1001



View Profile
January 17, 2016, 07:46:01 AM
 #5

i would not do it anymore, the chances are too low, and the halving is incoming, so in th best case you are solo mining for 12 btc if it will ever happen

with that hashpower you can point at any pool and do 1 btc per month easily, which would be roughly the same earning before the halving
alh
Legendary
*
Offline Offline

Activity: 1540
Merit: 1011


View Profile
January 17, 2016, 08:42:11 AM
 #6

i would not do it anymore, the chances are too low, and the halving is incoming, so in th best case you are solo mining for 12 btc if it will ever happen

with that hashpower you cna point at any pool and do 1 btc per month easily, which would be roughly the same earning before the halving

Can you please show the math that "easily produces" 1 BTC/month? My simple use of the bitcoinwisdom calculator indicates it's much closer .625, and that's assuming a zero difficulty change during that month.

While if you want to round to the nearest whole BTC, then I guess that .625 rounds WAY up to 1.
Amph
Legendary
*
Offline Offline

Activity: 1988
Merit: 1001



View Profile
January 18, 2016, 07:28:52 AM
 #7

i would not do it anymore, the chances are too low, and the halving is incoming, so in th best case you are solo mining for 12 btc if it will ever happen

with that hashpower you cna point at any pool and do 1 btc per month easily, which would be roughly the same earning before the halving

Can you please show the math that "easily produces" 1 BTC/month? My simple use of the bitcoinwisdom calculator indicates it's much closer .625, and that's assuming a zero difficulty change during that month.

While if you want to round to the nearest whole BTC, then I guess that .625 rounds WAY up to 1.


well the OP said that you has 7.4 tera, and this is 0.032 per day, which is around 1 btc per month

talks_cheep
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
January 18, 2016, 02:41:11 PM
 #8

I thought an S7 produces about 4.7 TH/S, not 7.4 TH/S as OP's. Unless OP got a magical S7...

alh
Legendary
*
Offline Offline

Activity: 1540
Merit: 1011


View Profile
January 18, 2016, 08:00:00 PM
 #9

I thought an S7 produces about 4.7 TH/S, not 7.4 TH/S as OP's. Unless OP got a magical S7...

I would bet it's a "digit transposition" as opposed to a "Magical S7". I didn't look at hist quoted rate, and just couldn't see a "non magical" S7 doing 1BTC per month (before running expenses).
notlist3d
Legendary
*
Offline Offline

Activity: 1470
Merit: 1000



View Profile
January 18, 2016, 09:22:23 PM
 #10

I thought an S7 produces about 4.7 TH/S, not 7.4 TH/S as OP's. Unless OP got a magical S7...

I would bet it's a "digit transposition" as opposed to a "Magical S7". I didn't look at hist quoted rate, and just couldn't see a "non magical" S7 doing 1BTC per month (before running expenses).

That is kinda the key is it's before expenses.  So every person will be different chances are on profit.   But it is possible some bought S7 at 350'ish if they used fiat they got a decent deal as far as miners go currently.

But I would agree it was a typing mistake on 7.4 .  Easy to do when it's just 2 digit's and typing fast.
Amph
Legendary
*
Offline Offline

Activity: 1988
Merit: 1001



View Profile
January 19, 2016, 07:48:10 AM
 #11

I thought an S7 produces about 4.7 TH/S, not 7.4 TH/S as OP's. Unless OP got a magical S7...

it was also strange when i see it, butmaybe he had two of them underclocked, one never know, it could be at 3.7 each they may work better an dconsume less, if you have a hot room or something
QuintLeo
Legendary
*
Offline Offline

Activity: 1190
Merit: 1022


View Profile
January 19, 2016, 06:06:16 PM
 #12

Highest profit would PROBABLY be running your own P2Pool node and merge mining with it.

Solo is a VERY high risk with very low probability of any return at all, though *IF* you did manage to find a block it would definitely pay for your setup.
Just not very likely to find that block with such a low % of the total hashrate.

I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
Mastsetad
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250



View Profile
January 19, 2016, 07:07:13 PM
 #13

Highest profit would PROBABLY be running your own P2Pool node and merge mining with it.

Solo is a VERY high risk with very low probability of any return at all, though *IF* you did manage to find a block it would definitely pay for your setup.
Just not very likely to find that block with such a low % of the total hashrate.

Solo mining is not good option when the difficulty rises fast like now. You might not find a block for long time.


            █ █ █ █ █
         ██           ██
       ██     █ █ █ █   ██
     ██    ██        ██
   ██   ██               
  ██   ██     ████████                  ██████████
            ███          ██   █████████     ██      ██████  ██   ███████  ██    ███   ███████
 ██   ██    ███              ██      ███    ██      ██          ███       ██   ███  ██
 ██   ██    ███  ██████  ██  ██      ███    ██      ██      ██  ███       ██  ███   ██
            ███      ██  ██  ██      ███    ██      ██      ██  ███       ██████     ███████
 ██   ██    ███      ██  ██  ██      ███    ██      ██      ██  ███       ██  ██           ██
             ██      ██  ██  ██      ███    ██      ██      ██  ███       ██   ███         ██
 ██   ██      ███████    ██   █████████     ██      ██      ██   ███████  ██    ███  ███████
  ██   ██                           ███
   ██    ██          ██            ███
     ██    ██ █ █ █ █   ██
       ██             ██
          █ █ █ █ █ █
























Telegram     Facebook     Twitter     Medium
-
WEBSITEE |█| WHITEPAPER












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!