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Author Topic: FPGA Mining Contract  (Read 36284 times)
Dexter770221
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November 18, 2013, 03:43:55 PM
 #421

Sell those obsolete FPGA's and buy some ASIC hardware. Based on bitfury chips for example. Reinvest 10% of dividends and we all be happy Wink

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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Garr255
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November 18, 2013, 05:33:25 PM
 #422

I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that Cheesy

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

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qxzn
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November 18, 2013, 08:11:11 PM
 #423

We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.

So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?

Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0

Thanks for the update. Sounds like a reasonable plan. It might be nice to update this thread about once a month or so if it's not too much trouble, just to keep in contact.
zapeta
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January 03, 2014, 01:56:07 AM
 #424

I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that Cheesy

Did you ever hear anything more about that?  If we could get a scrypt bitstream running and point the miners at middlecoin or something that automatically converts the proceeds to BTC, we'd mine much more than we ever will just mining BTC.
Garr255
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January 14, 2014, 08:09:31 PM
 #425

I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that Cheesy

Did you ever hear anything more about that?  If we could get a scrypt bitstream running and point the miners at middlecoin or something that automatically converts the proceeds to BTC, we'd mine much more than we ever will just mining BTC.

I haven't, I'll ping him again.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
qxzn
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January 17, 2014, 06:34:37 AM
 #426

We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.

So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?

Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0

Thanks for the update. Sounds like a reasonable plan. It might be nice to update this thread about once a month or so if it's not too much trouble, just to keep in contact.

ping. how's it going fizz?
torusJKL
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February 06, 2014, 02:07:21 AM
 #427

Would it make sense to stop bitcoin mining and go for litecoin?
Maybe this can help:
https://github.com/kramble/FPGA-Litecoin-Miner

If you find my post useful send some BTC: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
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