|
rarkenin
|
 |
December 25, 2013, 12:23:19 AM |
|
Ah, understood. In that case, I rescind my point, though randomly diverting attention to one of my posts when asked for an argument wasn't proper in my opinion.
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Pikachu4170 (OP)
Newbie
 Offline
Activity: 31
Merit: 0
|
|
December 25, 2013, 12:24:53 AM |
|
Internet isn't really the bottleneck. Anyway, for SHA256 coins, why would you even consider GPUs and not ASICs? GPUs are slower and use more power per megahash. A good miner can reach into the terahashes.
The GPU is for mining Litecoins and Dogecoin (Due to their "Scrypt" algorithms) and for power, but I think I will add ASIC to the Bitcoin miners just to make more sense. |
|
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
December 25, 2013, 12:25:35 AM |
|
Ah, understood. In that case, I rescind my point, though randomly diverting attention to one of my posts when asked for an argument wasn't proper in my opinion.
I apologize, I had no come back. Merry Christmas! |
|
|
|
|
rarkenin
|
|
December 25, 2013, 12:26:24 AM |
|
The same to you, and a happy new year!
|
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 29, 2013, 02:51:36 AM |
|
*bump*
(Of course I can bump if the post didn't receive any feedback after a few days...)
|
|
|
|
|
|
rarkenin
|
|
December 29, 2013, 02:57:00 AM |
|
Don't think it'll be remotely profitable for you or your customers without ASICs.
|
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 29, 2013, 03:32:42 AM
Last edit: December 29, 2013, 03:51:47 AM by Pikachu4170 |
|
Don't think it'll be remotely profitable for you or your customers without ASICs.
The Bitcoin miners in the facility WILL have Avalon ASICs installed, so no worries! I did look up a new method to give my customers their own address: Paper Wallets ( https://bitcoinpaperwallet.com/)! I just send them their earned Bitcoins/Litecoins/Dogecoins to the address printed to the paper wallets given after registering their slot. The paper wallet does have some strong tamper-resistant security measures (Such as resisting "candling", the process of shining a bright light through the paper to reveal what's printed inside.) If their paper wallet gets lost, stolen, or damaged, we will replace the paper wallet with a new one with their same address. They will be printed in waterproof paper as "water" is a more bigger threat to these wallets than "hacking". Oh, and we will have their addresses labeled next to their names on a log. |
|
|
|
|
bigfish321
Member
Offline
Activity: 90
Merit: 10
|
|
December 29, 2013, 03:38:32 AM |
|
im sold. who do i make the check out to?
p.s. - really like the idea about storing the coins in online wallets. that always works well.
|
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 29, 2013, 03:42:11 AM |
|
im sold. who do i make the check out to? Who do you make the Checkout to?  You mean "How we check out the coins to our customer's accounts"? We just use the Bitcoin-Qt program and send their earned cryptocurrency to their wallets, simple. p.s. - really like the idea about storing the coins in online wallets. that always works well. I kinda changed it to paper wallets. If people forgot their passwords to their online wallet at some time, they are screwed and have to call us to reset their passwords, making online wallets a bit of a complex process as I have to deal with 300 accounts... |
|
|
|
|
|
rarkenin
|
|
December 29, 2013, 01:57:00 PM |
|
You're handling wallets and payouts manually? I could probably code up a pretty comprehensive web frontend for managing this, but due to the likely downsides or setbacks of this idea, I'd have to discuss that over PM.
That said, some sort of automation and database would make your life easier, and you shouldn't have to care about what type of wallet the end-user uses. Offer them a paper wallet but let them keep money in your own cloud (on accounts that they have with you) and let them cash out to whatever wallet at whatever time, be it paper, web, or desktop client.
|
|
|
|
|
|
artw1982
|
|
December 29, 2013, 03:22:57 PM |
|
Aren't those servers a bit overkill to run ASIC miners? I could build and sell you Raspberry Pi controllers for around $80 each and you'd save thousands on the electric bill. And with the upcoming Scrypt ASIC's I''d stay away from the video card hashing. Hold off and invest your money in the new ASICs.
|
|
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
December 29, 2013, 05:14:45 PM |
|
Yeah op, hold off and jump on first scrypt asics. Anything else you do will fail.
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 29, 2013, 08:29:38 PM |
|
You're handling wallets and payouts manually? I could probably code up a pretty comprehensive web frontend for managing this, but due to the likely downsides or setbacks of this idea, I'd have to discuss that over PM.
That said, some sort of automation and database would make your life easier, and you shouldn't have to care about what type of wallet the end-user uses. Offer them a paper wallet but let them keep money in your own cloud (on accounts that they have with you) and let them cash out to whatever wallet at whatever time, be it paper, web, or desktop client.
Sure, you can help me with making the auto-payout mechanisms... You can be hired as a tester for the equipment needed for the facility Aren't those servers a bit overkill to run ASIC miners? I could build and sell you Raspberry Pi controllers for around $80 each and you'd save thousands on the electric bill. And with the upcoming Scrypt ASIC's I''d stay away from the video card hashing. Hold off and invest your money in the new ASICs.
Raspberry Pis? Those small credit card-sized ARM machines? I think I just woke up from some retrospective hypersleep or something... Give me some time to think about it since one benefit about these Raspberry Pis is that it won't fill up a crapton of space, so I think it will be perfect if I can rent just one floor and leave the other floors for other people... |
|
|
|
|
|
rarkenin
|
|
December 29, 2013, 08:56:23 PM |
|
Not just that. Since they don;t hash themselves(they control a hashing machine) they don't need much computing power. You save on power costs for extra support equipment.
Regarding the auto-payout, it's not just that. It would be a website, buying and selling automatically, etc, etc. PM me if you'd like to discuss it, and I'd be glad to explain what I can do and how much I'd need.
|
|
|
|
|
|
artw1982
|
|
December 29, 2013, 09:25:07 PM |
|
I'll sell you 4 for .25 BTC. 4 of these can run up to 32 miners. By payment address is in my signature. I also sell them on eBay for $89. I believe I'm the only one on eBay selling them.
|
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 29, 2013, 09:29:08 PM
Last edit: December 30, 2013, 04:16:55 PM by Pikachu4170 |
|
Not just that. Since they don;t hash themselves(they control a hashing machine) they don't need much computing power. You save on power costs for extra support equipment.
Regarding the auto-payout, it's not just that. It would be a website, buying and selling automatically, etc, etc. PM me if you'd like to discuss it, and I'd be glad to explain what I can do and how much I'd need.
The PM is sent to you to start our discussion. Discuss thru there and lets plan it out! |
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 30, 2013, 12:39:35 AM |
|
It is now confirmed that Bitcoin will be the ONLY SHA256-based coin since people are discussing about SCRYPT being the next best algorithm...
We will not be accepting other cryptocurrencies except Bitcoin (SHA256), Litecoin (SCRYPT), and Dogecoin (SCRYPT).
Majority of our miners WILL mine Bitcoins (SHA256) since Bitcoin is the most commonly known.
|
|
|
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 30, 2013, 04:17:06 PM |
|
I'll sell you 4 for .25 BTC. 4 of these can run up to 32 miners. By payment address is in my signature. I also sell them on eBay for $89. I believe I'm the only one on eBay selling them.
Can you bundle the 4 Raspberry Pis with 16 SHA256 ASICs, and 16 Scrypt ASICs? Also, the Pis must run on Raspbian (A community-created Debian port optimized for the Pi). |
|
|
|
|
|
williamj2543
|
|
December 30, 2013, 09:20:27 PM |
|
Hey,
I feel very good about this project. We need a bond equivalent for Litecoin just like Bitcoin. I'd be willing to give a couple bit coins if you would give me a spot when this opens.
|
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
|
|
Pikachu4170 (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
|
January 01, 2014, 11:45:08 PM
Last edit: January 02, 2014, 12:30:15 AM by Pikachu4170 |
|
Hey,
I feel very good about this project. We need a bond equivalent for Litecoin just like Bitcoin. I'd be willing to give a couple bit coins if you would give me a spot when this opens.
Sweet! I will see if I can remotely hook you up when this idea is successful! Donation address is located in my Signature |
|
|
|
|
|
