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Seketsuna
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November 12, 2014, 12:19:29 AM |
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another reason for going cloud mining... Nothing is worth losing your loved ones...
yeah but most cloud mining services arent that profitable though |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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luckypyrate
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November 12, 2014, 12:42:00 AM |
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i have a 1200 sq/ft apt and run 5 antminer s1's and 4 antminer s3+'s. I also host my own p2pool node from home.
I have 4 s3's en route and I am hoping it helps with the slight heating issue from the s1's, but it's not that bad here. I also have all of the units blowing out of windows so it isn't that bad. Also all s1's have fans on both ends. It all costs me roughly $100 extra in power a month which is more than covered by what is mined. After reading this thread I think I might buy another fire extinguisher to keep at each location the miners are (I have five downstairs and four upstairs) just to be safe. There is always someone home so that is also a comfort to me.
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Life is too serious to be taken seriously
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cowandtea
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November 12, 2014, 10:42:25 AM |
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another reason for going cloud mining... Nothing is worth losing your loved ones...
yeah but most cloud mining services arent that profitable though Not really, nowadays cloud mining offer real good deal. Sometimes even better then buying hardware due to the shipment charges and home electricity rate. |
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luckypyrate
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November 12, 2014, 02:12:37 PM |
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The lack of control though...
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Life is too serious to be taken seriously
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luckypyrate
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November 12, 2014, 04:26:07 PM |
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I just started with Hashnest over at Bitmantech. Not 100% thrilled with the setup but I didn't realize the gory details until after I looked into it. I'm at a point now where I'm either going to have to cut my loses (only about .385 btc) or add to it to make up for the maintenance fees.
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Life is too serious to be taken seriously
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luckypyrate
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November 12, 2014, 06:21:25 PM |
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Do you know if the fees increase as hash power increases or what the fee is attached to?
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Life is too serious to be taken seriously
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Automatic Monkey
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November 12, 2014, 08:21:53 PM |
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If you do it right the risk of fire should be no more than with any other electronic equipment. Your miners and power supplies will fail long before they get hot enough to go on fire. The biggest risk is probably the wiring in the walls, but if you have a problem there you are at risk no matter what you plug in.
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Seketsuna
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November 13, 2014, 06:43:25 AM |
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Do you know if the fees increase as hash power increases or what the fee is attached to?
I would say the fees would increase coz you're paying for the maintenance fee of it. |
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beegatewood
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November 14, 2014, 11:45:46 AM |
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If you do it right the risk of fire should be no more than with any other electronic equipment. Your miners and power supplies will fail long before they get hot enough to go on fire. The biggest risk is probably the wiring in the walls, but if you have a problem there you are at risk no matter what you plug in.
Agree on this, if people are using a lot of power then they need to make sure their cable is able to withstand the amp that they pull. If not it would be really dangerous even if its normal household item like air conditional. |
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Crypto King
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November 14, 2014, 08:18:43 PM |
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I had one of my gpu rigs by the window, i had the window open, which was causing a draft of wind which was good keeping the rig cooler this was in Feb time. Anyway i had a book on the floor and it had a lose sheet of paper in it, well the sheet of paper come out of the book and landed onto the edge of the mother board, i had come upstairs just because i sensed something wasn't right, just had a feeling, the sheet of paper was smouldering very bad along with the mother board which was then broke, luckily not a electrical fire because they can get out of hand very quickly and i was also in the house, if i wasn't im sure it would have been bad. You have to be carefull and don't take nothing for granted!!
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DonDev
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November 14, 2014, 08:22:54 PM |
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Get your miners hosted at a proffesional dc like the rest of us simple solution. Mining with miners at home is not recommended unless you can monitor it 24/7 which is not possible for anyone unless your loner who never leaves home lol. Cloud mining is not at all profitable and sucks I would never suggest that. If you buy a miner at least you have a hardware you can sell or trade later.
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CoinMint
Newbie
 Offline
Activity: 17
Merit: 0
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November 16, 2014, 05:16:53 AM |
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If anyone has any mining equipment that they no longer want/need because it uses too much electricity with the current difficulty to make much profit.....if you don't want them I will GLADY take them off your hands. Let's just say I have free electricity. I split the mined profits with you even if it's something worth doing 500GH+ or something.
I remember when my 5GH/s miner would easily make $175 in a month. Now a year later I'm lucky to make 52 cents in a month...wtf is up with that.
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Klubknuckle
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November 16, 2014, 02:23:06 PM |
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If anyone has any mining equipment that they no longer want/need because it uses too much electricity with the current difficulty to make much profit.....if you don't want them I will GLADY take them off your hands. Let's just say I have free electricity. I split the mined profits with you even if it's something worth doing 500GH+ or something.
I remember when my 5GH/s miner would easily make $175 in a month. Now a year later I'm lucky to make 52 cents in a month...wtf is up with that.
For some reason, asic still have good price on ebay. So I believe it's easier to sell then to ship to someone else hopping for some share profit.. |
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youngmike
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November 18, 2014, 08:44:36 AM |
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I mined 50 coins today  |
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cyberpinoy
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November 25, 2014, 06:37:25 AM |
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You must keep the dust out of your miners make sure they stay clear of dust , make sure you watch the temperatures too if you see ne getting hotter than usual you should check out why, make sure all the wires are normal temps as well. feel your wires frequently that plug your miner into the wall, if that wire gets to Hot check the Guage of the wire and get one that does not heat up. Fire prevention is the best policy. If anyone has any mining equipment that they no longer want/need because it uses too much electricity with the current difficulty to make much profit.....if you don't want them I will GLADY take them off your hands. Let's just say I have free electricity. I split the mined profits with you even if it's something worth doing 500GH+ or something.
I remember when my 5GH/s miner would easily make $175 in a month. Now a year later I'm lucky to make 52 cents in a month...wtf is up with that.
Both the raise in difficulty and the price drop in bitcoins will effect your income. I can sell you some miners if your interested shared profit s not something I am interested in. |
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cassimares
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November 25, 2014, 01:15:31 PM |
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You must keep the dust out of your miners make sure they stay clear of dust , make sure you watch the temperatures too if you see ne getting hotter than usual you should check out why, make sure all the wires are normal temps as well. feel your wires frequently that plug your miner into the wall, if that wire gets to Hot check the Guage of the wire and get one that does not heat up. Fire prevention is the best policy. If anyone has any mining equipment that they no longer want/need because it uses too much electricity with the current difficulty to make much profit.....if you don't want them I will GLADY take them off your hands. Let's just say I have free electricity. I split the mined profits with you even if it's something worth doing 500GH+ or something.
I remember when my 5GH/s miner would easily make $175 in a month. Now a year later I'm lucky to make 52 cents in a month...wtf is up with that.
Both the raise in difficulty and the price drop in bitcoins will effect your income. I can sell you some miners if your interested shared profit s not something I am interested in. Even if you clean it every month and check the temperature. Hardware would sometimes just fail for no reason and cause fire, the safest way is to make sure all material that you use in the room is fire proof. That would stop the fire from going mad.. |
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Buffer Overflow
Legendary
Offline
Activity: 1652
Merit: 1015
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December 01, 2014, 09:17:13 PM |
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My biggest worry about my rigs is the heat coming from the cables. They got pretty warm after a day.
Increase the gauge of your cables and sleep easy. |
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MCHouston
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December 03, 2014, 08:20:18 PM |
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Buy some self activating fireballs. I have one on top of each of my metal wire racks, and also tempered glass between each shelf and miner to prevent one from killing them all. If the heat and fire actually spreads the fireball takes care of the shelf and the room.
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avw1982
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December 05, 2014, 01:23:55 PM |
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Where are the pictures?  |
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
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December 06, 2014, 07:20:31 AM |
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No amount of money, is worth it, when someone has to die for it. Invest in smoke detectors and keep the insurance companies happy too.
They will look for any bloody excuse not to pay, in the event of a fire.
I run out of a basement, and had two close calls already. {Risk is, if you do not invest in it, you loose everything, and possibly your life}
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