[1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]

[pizzamark45]

Kind of new to all this but what would be the best way to measure the electrical cost?

[christhegoth]

Kind of new to all this but what would be the best way to measure the electrical cost?

Your meter should give you kwh.

This is kw * hours.  So 100w over 24 hrs is (24 * 100 )/1000 = 2.4 units per day = 2.4 kwh per day.

After that you then apply a Tariff based on who your provider is.  And VAT if you're in The UK.  And that's the Electrical Cost for adding your Miner.

For example:

Antminer s3 at 370w is ( 370w * 24 )/1000 = 8.88 units per day.

As long as you make enough BTC to pay off your energy bill you tick over.  Profit is when there is cash left at the end of the month after electricity.  Really you want profit if you use bigger miners, but that's quite hard with the current BTC slump.


If your Electricity Provider is not the cheapest one you can get then shift to a cheaper one.  You won't be able to wing it, as mining uses A LOT of juice.



There are 2 ways to see what your miner drains at the wall per day.  One is to work out how many units your place uses normally per day before you switch it on.  The other is to use a plug-in watt-meter.

The best quality watt meter you will have in the house is most likely the Electricity Meter that came with house.  So I prefer to count units, and use my watt meter as a more general indicator.

[theweiss]

Kind of new to all this but what would be the best way to measure the electrical cost?

I picked up one of these:
http://www.amazon.com/TS-836A-Energy-Voltage-Electricity-Monitor/dp/B00E945SJG/ref=sr_1_1?s=hi&ie=UTF8&qid=1410789476&sr=1-1&keywords=TS-836A+Plug+Power+Meter+Energy+Watt+Voltage+Amps+Meter+with+Electricity+Usage+Monitor%2C+Reduce+Your+Energy+Costs

to check on my power consumption.  The nice thing about it is you can plug in individual miners or a few if they go into one plug and you can check how things change if you swap out older less-efficient power sources for newer, more efficient PSU's.  Trying to figure out what the power draw is on a miner based on how your PSU is supposed to perform isn't a terrible idea but this takes the guess work out.  It's proved really useful to me to insure than I am not overloading individual plugs of circuits in the house.  Its also generally useful around the house to see what various appliances use.  i.e. How much extra power do you use when you turn your window air conditioner from low to high, etc...

While we're discussing non-mining items that are useful to a miner, I have one of these as well:
http://www.amazon.com/Thermometer-AR550-Mini-Infrared/dp/B000MX5Y9C

I use it all the time to check wire temperatures, heat dissipation and to see if some of my units are running hotter than others.

[ichtus27]

Because i like it to much i put my miner s1 on again.

What i don't understand is that it keeps hopping. I erased my backup pool out of it so it only stays here and still it's hopping from 1 to 3 and back.

It says the pool is alive and few minutes later it jumps for no reason??
I saved and reset and also booted it up, .... and jet again i here it go..... jumping from 1-2-1-2.

What the .... is going on here?? Or is it not just my miner?? Well, i will let it have fun and see it in the morning how it went, but weird..

[-ck]

Because i like it to much i put my miner s1 on again.

What i don't understand is that it keeps hopping. I erased my backup pool out of it so it only stays here and still it's hopping from 1 to 3 and back.

It says the pool is alive and few minutes later it jumps for no reason??
I saved and reset and also booted it up, .... and jet again i here it go..... jumping from 1-2-1-2.

What the .... is going on here?? Or is it not just my miner?? Well, i will let it have fun and see it in the morning how it went, but weird..

There is an exploit for old versions of mining software that allowed a man in the middle attack to redirect your hashes somewhere else. You may be getting hit by that.

[ichtus27]

oke, don't like to read that, but oke.. thanx

[Puppet]

While I havent mined in years, it breaks my heart to see this pool unable to keep up with the network 
Doc, would it be feasible to work something out with the other old but now small pools to share blocks? Im thinking eligius, btcguild, slush,..

[HerbPean]

While I havent mined in years, it breaks my heart to see this pool unable to keep up with the network 
Doc, would it be feasible to work something out with the other old but now small pools to share blocks? Im thinking eligius, btcguild, slush,..

we were, until we hit two 99% block in a row, we went from 1600TH to 1000TH.

[christhegoth]

While I havent mined in years, it breaks my heart to see this pool unable to keep up with the network 
Doc, would it be feasible to work something out with the other old but now small pools to share blocks? Im thinking eligius, btcguild, slush,..

we were, until we hit two 99% block in a row, we went from 1600TH to 1000TH.

I'm confident that Silk Road was part of that. BTC prices have dropped 40% of late, so people have less room to gamble now.

[cenicsoft]

While I havent mined in years, it breaks my heart to see this pool unable to keep up with the network 
Doc, would it be feasible to work something out with the other old but now small pools to share blocks? Im thinking eligius, btcguild, slush,..

Looks like the pool is growing again.  Over the last couple of weeks it hit a low of just under 1,000 TH/s and has added over 100 TH/s since.  That's a 10% gain.  Not bad.

[theweiss]

I think there are some macro effects for sure but I think the big issue was some bad luck that scared some people off.  There was also a lot of chatter (from idiots) on this forum topic about jumping pools to chase luck.  Lately we've been super lucky (knock on wood) so I hoping to see some of the luck-chasers swing back in. 

I like the idea of merging with  (or better, absorbing) another pool that is in a similar situation to ours.  This is a great pool and the Doc does everything you could hope for to make it as easy as possible to be successful here.

[Puppet]

Looks like the pool is growing again.  Over the last couple of weeks it hit a low of just under 1,000 TH/s and has added over 100 TH/s since.  That's a 10% gain.  Not bad.

The network has grown far more than 10% over the past few weeks. In fact its currently growing at nearly 3% per day.

I like the idea of merging with  (or better, absorbing) another pool that is in a similar situation to ours.  This is a great pool and the Doc does everything you could hope for to make it as easy as possible to be successful here.

Different pools have different features, different fee structure etc. I think thats a good thing, so Im not really advocating merging pools. It would however be an idea to somehow spread the risk. "Pool the pools" Of course that means you have to trust the other pools not to withhold blocks, so Id be very selective, but there are several pools that have been around long enough to trust in that regard.

[cenicsoft]

what is tough is the power costs to btc price.  lets say you have good gear for power antminer s-3's  6 of them and you get the full 500gh.

which is about 3th at about 2200 watts.  that is 2.2 k watts an hour x 24 = 54 kwatts a day about 1620 in a month .

  at  10 cents it is  162 usd
  at  15 cents it is  283 usd
  at  20 cents it is  324 usd

3th earns about 630 usd before power cost and all other monies.

margins are very tight  waiting on coin say 1 block a week is hard if the money goes towards power and purchases.

the low btc price along with high diff made me leave here. I was here for close to 2 years

We haven't hit the point of 1 block per week; a few 3 and 4 day blocks usually followed by a couple of multi-block days.

What I don't understand is the need to instantly convert BTC to dollars. Power bills come once a month, at least where I'm located. Over 30 days, whether you mine at a large pool or a small pool, the average works out to be the same.  Last month we had 28 good blocks and this month we've had 18 so far.

Unless we start getting to a point of regularly taking 1 week to hit a block, most people are going to be fine letting the averages do what they do.

[bitwitt]

I think there are some macro effects for sure but I think the big issue was some bad luck that scared some people off.  There was also a lot of chatter (from idiots) on this forum topic about jumping pools to chase luck.  Lately we've been super lucky (knock on wood) so I hoping to see some of the luck-chasers swing back in.  

I like the idea of merging with  (or better, absorbing) another pool that is in a similar situation to ours.  This is a great pool and the Doc does everything you could hope for to make it as easy as possible to be successful here.

Your post about (idiots)  is what keeps people away from this pool.
I made over 7% more by switching pools.
you can just go knock on wood if that's how you figure your returns.

no luck chasers will EVER swing back in, when there is no luck involved. It's a numbers game ...............do the math................


Forgot to tell you the 2 and 3 day blocks Bitcoin price fell 10% or more and never figured that in block count to dollars.

Please tell me who the (idiot) is?  

Good luck to all  

[theweiss]

I think there are some macro effects for sure but I think the big issue was some bad luck that scared some people off.  There was also a lot of chatter (from idiots) on this forum topic about jumping pools to chase luck.  Lately we've been super lucky (knock on wood) so I hoping to see some of the luck-chasers swing back in.  

I like the idea of merging with  (or better, absorbing) another pool that is in a similar situation to ours.  This is a great pool and the Doc does everything you could hope for to make it as easy as possible to be successful here.

Your post about (idiots)  is what keeps people away from this pool.
I made over 7% more by switching pools.
you can just go knock on wood if that's how you figure your returns.

no luck chasers will EVER swing back in, when there is no luck involved. It's a numbers game ...............do the math................


Forgot to tell you the 2 and 3 day blocks Bitcoin price fell 10% or more and never figured that in block count to dollars.

Please tell me who the (idiot) is?  

Good luck to all  

My post isn't keeping anyone away.  Posts like yours do.

Your switching could have just as easily netted you less.  Stayed could have just as easily netted you more.  Switching to maintain a stable roll on income is one thing.  Moving pools due to bad luck is like switching poker tables or slot machines at a casino. 

"I'm not winning right now, so I'm going to move to another table"
"I didn't win at the other table and I won at this table.  I must be a genius"   <---- Your right, how could someone say this and be an idiot.  Sorry

[DrHaribo]

This thread has been running well for over 3 years now. It has been very useful to a lot of people.

Unfortunately the quality has deteriorated badly as of late. To prevent the thread from becoming completely useless or even harmful by confusing and misinforming beginners, this thread will be shut down and a new moderated thread will be started.

Posting over and over that you are able to predict the future and earn more this way through pool hopping, or that bad luck does not exist in nature so anyone with even slightly bad luck must be withholding blocks, or similar things, will no longer be tolerated. If you disagree with this policy you should go post somewhere more suitable, like a forum about religion or superstition. Those topics are not what the Bitminter thread is about.

This unmoderated thread ends here. The new moderated thread begins here: https://bitcointalk.org/index.php?topic=788753.0