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 Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4343586 times)
bozo333
Sr. Member

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Activity: 574
Merit: 255

 September 01, 2014, 12:10:58 AM

I would do \$1.00 for every 4 hrs at 400GH/S
I can do a week for \$19.50@ 400
Or
2 weeks for 26.99

Now why would you do that if the theoretical revenue with 400 GHs and 15C / kWh at current diff is....

Power cost per 24h   2.88 USD
Revenue per day   5.25 USD
Less power costs   2.37 USD x 14 days = \$33.17.

Makes no sense at all. You could make a couple bux more yourself at current difficulty rate.

After next diff increase (assuming 23) if you mined yourself

Power cost per 24h   2.88 USD x 14 days = 40.32
Revenue per day   4.36 USD
Less power costs   1.48 USD x 14 days = 20.72

However, your customer would make 4.36 x 14 = 61.04 - 26.99 = 34.05

So you would pay 20.72 for electricity and get 26.99 which makes about \$6 profit.
Makes no sense again. Because if you have free power any smart person would mine for himself.

If for some reason you do not pay for electricity then mining yourself makes MUCH more sense than offering contracts.

You are preaching to the choir here, nobody in this forum is interested in cloud mining....just though I would show you what everybody here is thinking...

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cris12821
Full Member

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Activity: 130
Merit: 100

 September 01, 2014, 12:25:54 AM

Its all cool.  And thought I'd help.   That's all.

Guess ill just continue using then for myself.

Probably buy a few more s1s down the road or an s3
But I thin down the road...maybe.  I may update my PSU to 2 850w and have 4 s1s 2 miners on each PSU

Maybe throw in a few USB miners.

But for now I'm completly content with 400GH/S

Thanks for the assistance.

Spend moneybti make money

Give Respect , Get Respect
mstrongbow
Sr. Member

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Activity: 322
Merit: 250

3D Printed!

 September 01, 2014, 05:34:59 AM

ah yeah!  bring on that long block! cause once we find it the BTC will rain down! tehee

Bitcoin-Scratchticket.com       Win Bitcoin Playing Scratchtickets        Provably Fair
*Got LootCrate?*
"Don't undertake a project unless it is manifestly important and nearly impossible" - Edwin Land
66tbird
Jr. Member

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Activity: 62
Merit: 3

 September 01, 2014, 02:34:56 PM

It's been fun but I'm not going to ride this mining vs. btc price to the end. I pulled out most of my btc in the 600's when I noticed the trend was solid. I just sold my equipment because difficulty is going up to fast to maintain profit for long. Resale value exceeded the mining potential of my S2's (even with a 15kw solar sys). Maybe I'll be back come winter when I need the heat and the hash is cheaper per watt.  cya
Billbags
Sr. Member

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Activity: 280
Merit: 250

Brainwashed this way

 September 01, 2014, 03:51:04 PM

Just remember, only 21 million bitcoins will ever be made, bitcoin will dramatically go up in value in the near future. A lot of people missed out and did the same last year when it dropped from \$145 to \$45 and then hit \$1300 at Christmas. Mining is a long run process that will pay off good in the furure. If for some reason your operation isn't totally covering costs, at least you have a hobby that helps pay for itself when prices are low and can make you wealthy when prices go high, as long as you have some BTC saved. Try not to buy stuff, like a pizza for 10,000 BTC like some people did because they thought the price wouldn't go up as it keeps doing over time.

I know a lot of the new members thought they would get a miner and it would hit some kind of bitcoin lotto, or make them \$500 a day starting the day you plugged in your miner. Understand making a profit is possible right now, but if you are not totally driven to get it, you problably won't with this month's prices. Mining is not for everyone. It's a good time to buy coin right now, mining or not, so there are other angles. But to me, it's always a good time to mine because I will be ready with BTC in hand when it jumps again and again.

Anyway, I do thank you for helping in the community and mining while you did. It seems a lot of people comming around here now are scammers who don't care what we are accomplishing here.

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
66tbird
Jr. Member

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Merit: 3

 September 01, 2014, 04:46:30 PM

Thanks, I did save about one btc just for kicks and I do plan on mining again if the conditions are right.  I can always convert what I'd made back into either btc or equipment because it was/is 'extra' money for me.  I've got a buy price set for different conditions and I'll watch the news and trends close.  I was told the other day that a mined coin could have a premium over a purchased coin. Any links or ideas on that 'off subject' for this thread?  I've found nothing so far.
Billbags
Sr. Member

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Activity: 280
Merit: 250

Brainwashed this way

 September 01, 2014, 04:54:29 PM

Good deal!! Next week price should drop to \$430. Good time to buy a little if possible.

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
cris12821
Full Member

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Activity: 130
Merit: 100

 September 01, 2014, 05:19:06 PM

The best way I get through bitcoins and its dropping and rising price is.   Look at Bitcoins like the stock market.  You could invest \$1000 into Bitcoins and you will either make double that or you will loose it all.      Sometimes it will make you a millionaire, sometimes it will make you broke.

It will always drop,  but it will always shoot through the roof again.

It's all about patience.   Just keep mining away and save your bitcoins untill the price rockets again and then sell then sell them.

You win some, you loose some.

You spend money to make money.   Thats key.  You will never make money if you dont spend any money.

difficulty is predicited to drop back to 23 maybe 18.   in the next couple weeks.

I also predict the price per bitcoin shooting through the roof either in a few months, or early 2015.

I for one am keeping my miners online collecting profiit.
Thanks

Give Respect , Get Respect
nocroom
Sr. Member

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Merit: 250

 September 01, 2014, 05:25:19 PM

The best way I get through bitcoins and its dropping and rising price is.   Look at Bitcoins like the stock market.  You could invest \$1000 into Bitcoins and you will either make double that or you will loose it all.      Sometimes it will make you a millionaire, sometimes it will make you broke.

It will always drop,  but it will always shoot through the roof again.

It's all about patience.   Just keep mining away and save your bitcoins untill the price rockets again and then sell then sell them.

You win some, you loose some.

You spend money to make money.   Thats key.  You will never make money if you dont spend any money.

difficulty is predicited to drop back to 23 maybe 18.   in the next couple weeks.

I also predict the price per bitcoin shooting through the roof either in a few months, or early 2015.

I for one am keeping my miners online collecting profiit.
Thanks

I agree!!

Check out this blog if you want free bitcoins https://bitcoinvest.cc/how-to-get-free-bitcoins-fast
toptek
Legendary

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Activity: 1274
Merit: 1000

 September 01, 2014, 05:34:39 PM

The best way I get through bitcoins and its dropping and rising price is.   Look at Bitcoins like the stock market.  You could invest \$1000 into Bitcoins and you will either make double that or you will loose it all.      Sometimes it will make you a millionaire, sometimes it will make you broke.

It will always drop,  but it will always shoot through the roof again.

It's all about patience.   Just keep mining away and save your bitcoins untill the price rockets again and then sell then sell them.

You win some, you loose some.

You spend money to make money.   Thats key.  You will never make money if you dont spend any money.

difficulty is predicited to drop back to 23 maybe 18.   in the next couple weeks.

I also predict the price per bitcoin shooting through the roof either in a few months, or early 2015.

I for one am keeping my miners online collecting profiit.
Thanks

I agree!!

I normally don't say much and just read it all and learn but i refuse to buy them i have a income I'm retried and this is fun for me at best if i break even I'm happy

but IL keep  all my  miner online til the day its point less or I'm dead and  keep buying better gear as it comes out. and sell coins not buy no lose to me if I break even . some profit is nice but this is  more fun to me then anything . .  that's whole point if your not willing to spend then don't try . nothing is free but over time it will pay off i just wish i had jumped on it when it first hit but i was one those who  thought bitocoins was BS back then ,. now i wish had done it . patience and time is the key thing . if you can't wait and don't have the time don't try .

well I've said to much all ready   cya .

PS:  bitcoins are not  the quick buck any more , it takes work now to do it which make its much more worth whole . but I'm also old school in my ways .  why i thought this was BS and a passing thing back then was i wrong.

last thought I mean it .

Cya

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
kkurtmann
Sr. Member

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Activity: 475
Merit: 250

 September 01, 2014, 10:39:10 PM

The best way I get through bitcoins and its dropping and rising price is.   Look at Bitcoins like the stock market.  You could invest \$1000 into Bitcoins and you will either make double that or you will loose it all.      Sometimes it will make you a millionaire, sometimes it will make you broke.

It will always drop,  but it will always shoot through the roof again.

It's all about patience.   Just keep mining away and save your bitcoins untill the price rockets again and then sell then sell them.

You win some, you loose some.

You spend money to make money.   Thats key.  You will never make money if you dont spend any money.

difficulty is predicited to drop back to 23 maybe 18.   in the next couple weeks.

I also predict the price per bitcoin shooting through the roof either in a few months, or early 2015.

I for one am keeping my miners online collecting profiit.
Thanks

difficulty dropping? I don't see it unless BTC to USD drops to \$200.00 or less.
what I do see is another 40,000 TerraHashes being applied before the next adjustment

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
nocroom
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 September 01, 2014, 11:04:42 PM

Quote
difficulty dropping? I don't see it unless BTC to USD drops to \$200.00 or less.
what I do see is another 40,000 TerraHashes being applied before the next adjustment

have to consider the fact, each time the difficulty goes up the low "baller hashers" will just stop and try to sell off their old miners no one wants which i think falls about 25% of the total hashing.

price dropping and difficulty goes up i see a lot of lower end hashers just stopping, in return is good for the rest of us

Check out this blog if you want free bitcoins https://bitcoinvest.cc/how-to-get-free-bitcoins-fast
cris12821
Full Member

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Activity: 130
Merit: 100

 September 02, 2014, 01:38:35 AM

Hey just wanted to quickly ask you all.

When your Antminer s1 starts to beep,  and sometimes wont even connect....to a pool.....  usually means disconnect beep.  But you disconnect, reset.   Check you pools and sometimes it still doesnt work .  You check the logs, whichs looks like the miner is dissconnecting itself,   or has a problem connecting to stratum.
Than all of a sudden..... It works.

For how long idk.

Also another question.

With the Power cables...plugged in and ethernet plugeed in.  Could you lay the miners down ontop one another with a fan blowing between them.  With the PSU behind or beside.

Maybe just use bolts or something all the way around with rubber in the middle as washer bc of vibrations... laying sideways ontop one another?

Safe, not safe.... oh that will keep you Antminer really cool,    just put another fan on the other side...... Oh whats thats.... ok

No seriously... anyone??? thanks lololol JFL

Give Respect , Get Respect
eoakland
Hero Member

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Activity: 658
Merit: 504

 September 02, 2014, 04:27:00 AM

i want to go ahead and apologize to everyone.  i recently switched to Slush, and since then we have been on this energy consuming 9 hour block.  sorry guys.

14PzFeS53AoERv5MiWEAeWxDCvZZMT37Jf
Fuck ognasty from eoakland
nocroom
Sr. Member

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 September 02, 2014, 04:28:55 AM

i want to go ahead and apologize to everyone.  i recently switched to Slush, and since then we have been on this energy consuming 9 hour block.  sorry guys.

Go away take ur 9hr block with you

Check out this blog if you want free bitcoins https://bitcoinvest.cc/how-to-get-free-bitcoins-fast
kkurtmann
Sr. Member

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Merit: 250

 September 02, 2014, 04:31:08 AM

Quote
difficulty dropping? I don't see it unless BTC to USD drops to \$200.00 or less.
what I do see is another 40,000 TerraHashes being applied before the next adjustment

have to consider the fact, each time the difficulty goes up the low "baller hashers" will just stop and try to sell off their old miners no one wants which i think falls about 25% of the total hashing.

price dropping and difficulty goes up i see a lot of lower end hashers just stopping, in return is good for the rest of us

if only that could be true... difficulty hasn't dropped in years

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
eoakland
Hero Member

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 September 02, 2014, 05:11:08 AM

i want to go ahead and apologize to everyone.  i recently switched to Slush, and since then we have been on this energy consuming 9 hour block.  sorry guys.

Go away take ur 9hr block with you

ha !  i am here for the night...let's see what slush can do  =)

14PzFeS53AoERv5MiWEAeWxDCvZZMT37Jf
Fuck ognasty from eoakland
nocroom
Sr. Member

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Merit: 250

 September 02, 2014, 05:15:19 AM

i want to go ahead and apologize to everyone.  i recently switched to Slush, and since then we have been on this energy consuming 9 hour block.  sorry guys.

Go away take ur 9hr block with you

ha !  i am here for the night...let's see what slush can do  =)

What u hashing ?

Check out this blog if you want free bitcoins https://bitcoinvest.cc/how-to-get-free-bitcoins-fast
eoakland
Hero Member

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 September 02, 2014, 05:52:05 AM

i want to go ahead and apologize to everyone.  i recently switched to Slush, and since then we have been on this energy consuming 9 hour block.  sorry guys.

Go away take ur 9hr block with you

ha !  i am here for the night...let's see what slush can do  =)

What u hashing ?

not much anymore.  i recently got back into mining.  a couple of ants.  mining is definitely not what it used to be.  and this diff jump damn near wiped out the ant s1's

14PzFeS53AoERv5MiWEAeWxDCvZZMT37Jf
Fuck ognasty from eoakland
Newbie

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 September 02, 2014, 10:22:51 AM

Hi,

I have an invalid block . No 22727 . Can somebody explain to me why that happen ?

Thanks
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