PostMixer
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Activity: 53
Merit: 0
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January 31, 2014, 03:40:20 AM |
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@ shazo, You nailed all the answers in your own question  IMO this is first and foremost a hobby for the majority. I too started w/CPU + GPU. Saw GPU results, so I got a better GRX card. Then I heard about the Bit Fury's. Started 1 by 1 accumulating those and now have 15 @ 35.8 Gs/h. Now I really started actually seeing some rewards. Long story short w/ a few BFL units I'm now running @ 207 Gh/s. The ONLY way this will ever pay for itself is if BTC hits around $2100 - $2300 in 2014. That is a rough estimate based on my average reward so far this year, and the fact that the difficulty will only go up. I am having fun! I like this pool and the people on these boards. And I've learned A LOT. I am investing in a hobby that I think can pay off. In fact I believe it will, but only time will tell. I fully agree that your investment philosophy changes greatly when you mine as opposed to buy BTC. That said, welcome to the group. My best advice is to not spend more money mining than you are prepared to write off as a hobby that you enjoy. Like you said " you won't retire" from it but you may enjoy it, and it COULD pay off! A few thoughts: The LUCK of the pool is VERY important. The bigger the pool gets, the smaller the rewards per round. And as difficulty increases, there will become a time when my 207 Gh/s will only net me what your 1 Antminer gets you today  |
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organofcorti
Donator
Legendary
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Activity: 2058
Merit: 1007
Poor impulse control.
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January 31, 2014, 03:45:23 AM
Last edit: January 31, 2014, 10:24:45 AM by organofcorti |
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The LUCK of the pool is VERY important.
Very important when it comes to estimating your weekly income. Not much use when it comes to choosing a pool though. You can't make decisions based on historical luck. The number of shares solved each round are independent of previous rounds, so historical luck is no indicator of future luck. The bigger the pool gets, the smaller the rewards per round.
... and the more blocks get solved. So your daily income remains the same, but lots of small rewards more regularly mean reduced variance. The larger the pool, the less the variance (ignoring differences in reward method). And as difficulty increases, there will become a time when my 207 Gh/s will only net me what your 1 Antminer gets you today Yep. Sad, isn't it? |
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Mudbankkeith
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January 31, 2014, 10:23:16 AM |
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I think I will end up buying the other 4 antminers. About how long do they last as I have read that at best you will get 0.02 out of one. I'm guessing after that they no longer work. I have been running mine for about 30 hours and last I looked I was getting about 1.49Gh/s.
(...)
One more question. I saw a comment on one forum saying that the antminers are going for around 20 bucks each. The cheapest I have been able to find a 1.6Gh/s one is 50 and that was on eBay. What is a good price for them?
If at best you will get 0.02 out of one then the highest reasonable price for it is about $20. I've also only seen offers several times higher. But... looks like there are still some people willing to spend it... Where are you finding the USB antminers for $20? If you search on this forum, then you can find prices that beat eBay, If you can pay in BTc. If you need to use paypal then you will pay ebay prices. |
BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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Sir Alan
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January 31, 2014, 10:24:09 AM |
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And as difficulty increases, there will become a time when my 207 Gh/s will only net me what your 1 Antminer gets you today So true. Last March my GPU alone was earning more than three times what I currently get for two block eruptors and a Jalapeno. I'm still making a profit over the cost of the hardware and electricity because of the rise in the value of BTC, but it won't last. After that, unless BTC shoots upwards again, if I continue it will be strictly for amusement. |
1Eeyore17YeHrbJW5Q3pSdV8sXujkdrrFc
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gourmet
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January 31, 2014, 11:27:51 AM |
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And as difficulty increases, there will become a time when my 207 Gh/s will only net me what your 1 Antminer gets you today So true. Last March my GPU alone was earning more than three times what I currently get for two block eruptors and a Jalapeno. I'm still making a profit over the cost of the hardware and electricity because of the rise in the value of BTC, but it won't last. After that, unless BTC shoots upwards again, if I continue it will be strictly for amusement. Since last April the difficulty value has risen more than 200 times. At that time, it was possible to make several BTC cents a day with only a single GPU. The Times They Are a-Changin'. :-) |
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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January 31, 2014, 02:59:51 PM |
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And as difficulty increases, there will become a time when my 207 Gh/s will only net me what your 1 Antminer gets you today Yep. Sad, isn't it? Speaking of that, it would be nice if the web admin changed it so that when you select a subrange on the Daily Rewards graph, it autoscaled the x-axis. There's a lot of white space above the daily and average rewards lines now which makes them less useful. Also, it hurts my heart to see 10x the hashrate earn 1/10 the income. |
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gourmet
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January 31, 2014, 09:22:43 PM |
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If you search on this forum, then you can find prices that beat eBay, If you can pay in BTc. If you need to use paypal then you will pay ebay prices.
Is this BTC price lower or at least equal to the BTC amount the device will ever mine? |
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gourmet
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January 31, 2014, 09:24:37 PM |
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Speaking of that, it would be nice if the web admin changed it so that when you select a subrange on the Daily Rewards graph, it autoscaled the x-axis. There's a lot of white space above the daily and average rewards lines now which makes them less useful. Also, it hurts my heart to see 10x the hashrate earn 1/10 the income.
I've been asking for this feature in November: https://bitcointalk.org/index.php?topic=1976.msg3667019#msg3667019(You have the Y axis on your mind, don't you?) |
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Mudbankkeith
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January 31, 2014, 09:43:15 PM |
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If you search on this forum, then you can find prices that beat eBay, If you can pay in BTc. If you need to use paypal then you will pay ebay prices.
Is this BTC price lower or at least equal to the BTC amount the device will ever mine? Only you can decide  |
BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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jacobdanielfoy
Newbie
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Activity: 1
Merit: 0
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January 31, 2014, 10:36:30 PM |
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I think I will end up buying the other 4 antminers. About how long do they last as I have read that at best you will get 0.02 out of one. I'm guessing after that they no longer work. I have been running mine for about 30 hours and last I looked I was getting about 1.49Gh/s.
(...)
One more question. I saw a comment on one forum saying that the antminers are going for around 20 bucks each. The cheapest I have been able to find a 1.6Gh/s one is 50 and that was on eBay. What is a good price for them?
If at best you will get 0.02 out of one then the highest reasonable price for it is about $20. I've also only seen offers several times higher. But... looks like there are still some people willing to spend it... Where are you finding the USB antminers for $20? Where can you see I'm finding USB antminers for $20? slush's pool only gave me 15 shares when my miner stated 50 accepted shares and 1 rejected...wtf |
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graphicsdump
Newbie
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Activity: 36
Merit: 0
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February 01, 2014, 05:27:46 AM |
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I'm not sure if this is the right place to ask...how to find out the "Pool Address" for setting up an Asicminer Cube to work with Slush's Pool. I think I've got everything setup correctly, except the Pool Address. I've already downloaded and started the stratum proxy - downloaded that from bitcoin.cz. Anyone know how I look up the pool address? FYI, I've gone through multiple tutorials >> hadsystems.de, dogie's tutorial, https://bitcointalk.org/index.php?topic=343761.0 |
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gourmet
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February 01, 2014, 10:22:42 AM
Last edit: February 01, 2014, 02:13:33 PM by gourmet |
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I think I will end up buying the other 4 antminers. About how long do they last as I have read that at best you will get 0.02 out of one. I'm guessing after that they no longer work. I have been running mine for about 30 hours and last I looked I was getting about 1.49Gh/s.
(...)
One more question. I saw a comment on one forum saying that the antminers are going for around 20 bucks each. The cheapest I have been able to find a 1.6Gh/s one is 50 and that was on eBay. What is a good price for them?
If at best you will get 0.02 out of one then the highest reasonable price for it is about $20. I've also only seen offers several times higher. But... looks like there are still some people willing to spend it... Where are you finding the USB antminers for $20? Where can you see I'm finding USB antminers for $20? slush's pool only gave me 15 shares when my miner stated 50 accepted shares and 1 rejected...wtf Just need to say that the last line is not mine, although that 1_post_newbie has inserted it in my quote... BTW, I've noticed in my user statistics that I have several posts in Beginners & Help, while I'm sure I've posted in Newbies... :-) |
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ZephramC
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February 01, 2014, 11:58:40 AM |
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I'm not sure if this is the right place to ask...how to find out the "Pool Address" for setting up an Asicminer Cube to work with Slush's Pool. I think I've got everything setup correctly, except the Pool Address. I've already downloaded and started the stratum proxy - downloaded that from bitcoin.cz. Anyone know how I look up the pool address? FYI, I've gone through multiple tutorials >> hadsystems.de, dogie's tutorial, https://bitcointalk.org/index.php?topic=343761.0I would try stratum.bitcoin.cz:3333 |
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BuhTuglia
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February 02, 2014, 06:44:23 AM |
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Good grief, look at our hashrate.... 914020.302 Ghash/s... And we're still low guy on the totem pole? Jeez...
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Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
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manubar82
Newbie
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Activity: 28
Merit: 0
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February 02, 2014, 10:17:17 AM |
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Good grief, look at our hashrate.... 914020.302 Ghash/s... And we're still low guy on the totem pole? Jeez...
looks like somebody bought a truckload of BTC Dozers and switched on the Data Center a few hours ago |
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BuhTuglia
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February 03, 2014, 05:13:09 AM |
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Dirty cotton rocksuckers... Well, in a few years their multimillion dollar investment will be collecting dust, just like my multi-thousand dollar investment is now... I guess the party's over... Elvis has left the building... Move over, little dogs... |
Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
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J_Dubbs
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February 03, 2014, 05:42:07 AM |
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Dirty cotton rocksuckers... Well, in a few years their multimillion dollar investment will be collecting dust, just like my multi-thousand dollar investment is now... I guess the party's over... Elvis has left the building... Move over, little dogs... Now I'm reconsidering using my mined BTC for additional equipment... Glad I didn't rush into that next group buy, but still might end up doing it. How soon are these guys plugging in? |
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shazo
Newbie
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Activity: 23
Merit: 0
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February 03, 2014, 01:16:50 PM |
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Do any of you ever shutdown your computer/mining equipment so that it has a day or so to rest? I have been running my laptop with the screen down and off for a few days now along with the one antiminer that I have. Just wondering if it is a good idea to give it some down time and if so how long and how often?
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Mudbankkeith
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February 03, 2014, 01:31:13 PM |
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Do any of you ever shutdown your computer/mining equipment so that it has a day or so to rest? I have been running my laptop with the screen down and off for a few days now along with the one antiminer that I have. Just wondering if it is a good idea to give it some down time and if so how long and how often?
when it's working leave it well alone. Make sure you have enough cooling and ventilation. Laptops are more prone to overheating than PC towers. |
BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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