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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 828650 times)
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kano
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September 02, 2013, 03:06:51 PM
 #3441

...
Quote
The only difference, is that you are guaranteed to be able to convert 10BTC - whereas with AM hardware you are most likely (i.e. MOST people) will not get 10BTC back.

Anyone who paid 1.99 BTC for them will NEVER get that back mining PPS or equivalent.
That's not a maybe, that pretty much a certainty.
I got one on 13-May, BTC cost 0, that has so far made ~0.89BTC ... it will not make another 1.1BTC ... without any doubt.

As I said more than once, I don't care about the BTC return.  I care about the USD return.

M
Which is EXTREMELY likely less than if you didn't buy AM USBs

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
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HellDiverUK
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September 02, 2013, 03:07:04 PM
 #3442

Oh well - lucky I'm a dev and I've made more BTC from the other hardware I got to cover all the time I've spent on AM USB hardware ... and the time I've spent on the other hardware ...

'All that time' and you still use the wrong USB drivers?   Tongue

 Grin
kano
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September 02, 2013, 03:08:26 PM
 #3443

Oh well - lucky I'm a dev and I've made more BTC from the other hardware I got to cover all the time I've spent on AM USB hardware ... and the time I've spent on the other hardware ...

'All that time' and you still use the wrong USB drivers?   Tongue

 Grin
Lucky the 'wrong' USB drivers are the ONLY USB drivers that will work on some of the hardware.

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
mdude77
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September 02, 2013, 03:32:47 PM
 #3444

We perfectly understand this, and already told you won't make as much USD with mining over buying bitcoins.
Moreover, you're likely to lose USD by mining if BTC/USD value does not go up fast enough.

You can't predict the future.  I can't either.  You gamble by buying BTC.  I hope it pays off for you.  I'm gambling with my erupters.  I have them, and no matter how much griping you guys do about "you would have made more by buying BTC", I'm not going back in time and changing my decision.

As for the numbers, go here:

http://dustcoin.com/mining

I have 22 erupters at the moment (7.3gh/s).  Electricity is $0.06/kwh.  They use 2.5W a piece, total of 55W of power being drawn.  As of now I'm making $243 a month after electricity at current USD.  Factors to consider that I'm not factoring in:

- difficulty is higher than it was a month ago
- USD price is higher than it was a month ago
- I didn't measure the power usage of the erupter, going by stated value
- I don't have a way of measuring how much power the host system is using.  There are GPUs on there well that have been running fine for months, I'm not about to disturb the setup.

I'm sure you'll point out any errors in my math if there are any.

M

EDIT: When my next 11 arrive (coupons!) I'll be making $367/month.

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
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ak49er
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September 02, 2013, 03:47:58 PM
 #3445

Nice.  Where's the USD equivalent part?  That's the important part.
No it isn't because you can always buy and hold bitcoins and make a bigger profit.

How many times does this have to be explained? Sad Sad Sad Sad
Small profit isn't a big profit, but it's still a profit.  While buying and selling BTC would give you a bigger profit, you can still make a smaller ROI mining if the BTC value rises enough.  If I stopped mining today and BTC went up to $1,000,000, then the 0.2BTC I actually have will net me much more than I've put in to mining, including the electricity.

So all we know, without knowing the actual future price of BTC, is that trading is MORE profitable than mining with USB Erupters, and probably than mining in general.

Personally I'm not expecting to make a profit in this game, but that's what it is to me - just a game.
mdude77
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September 02, 2013, 04:11:34 PM
 #3446

It's considering nothing of value. You completely ignored the issues here. Again.
It's again the same process of deluding yourself.

What you need is purchase date, price of bitcoin is USD at that time, price of miner.
I'll even give you the price of electricity, consider it free.

You asked me to prove I'm making more than enough after electricity to pay for the electricity.  I did.

I'm not ignoring anything.  This is a game of numbers, and I estimate I'll come out ahead in the end.  Yes, I could put it all in a spreadsheet, and estimate how long it'll take to break even, but I can't predict the future.  Why bother?  Right now I'm at least 50% paid off, which is pretty good.  Will I hit 100%?  Time will tell.

Remember, the BTC I put into these was all in the black profit from my GPUs.

Sorry Eleuthria for the excessive posts.  I'm done.

M

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
Buyer beware of Bitmain hardware and services.
CheezWiz
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September 02, 2013, 05:42:46 PM
 #3447

Hashers gonna hash...

Haters gonna hate...

But I look at it this way.. If I replaced a 200MH card that ate 250W of power with a 333MH ASIC that uses 2.5W, then I will see quite a difference in power consumption...
Ultimately this is all a hobby to me. I used no actual money to buy any of this stuff. Just free BTC I mined myself... So in the end, I never actually lose any of my REAL money that I actually worked for, other than power I pay via electric bill...  so I feel better with ASICs.. cause I am losing less REAL money....

hobby vs business... I don't give a shit about ROI or profit... I am doing this for fun...

-------------
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September 02, 2013, 06:23:33 PM
 #3448

Or.. do what i am planning on doing, save 1/2 of my btc and spend the other half on hardware to earn me some USD. In short 1/2 of my mining power goes toward the future of BTC and the other 1/2 goes to cold hard cash.

Thinking its a win/win.

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September 02, 2013, 07:44:19 PM
 #3449

enough of the debate already. is it really necessary to rehash the same points in every thread? Nobody cares about your take on ROI either way. Can we get back on topic?

*insert appropriate begging line here* 
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September 02, 2013, 07:48:20 PM
 #3450

Will you be selling the new blades Eleuthria? If so how much?

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eleuthria
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September 02, 2013, 11:12:53 PM
 #3451

Sorry for the lack of a presence in the thread the last two days.  I snuck in a vacation to visit family for the holiday weekend, but didn't want to announce it in advance due to fears of attacks while I was on the road (even though I do have a mobile emergency laptop & notification system these days Smiley ).

If you've sent me any emails over the last few days and I have not responded, you should be seeing a response over the next few hours as I catch up to any unanswered questions.

I would like to request that debates about hardware RoI be made in the proper forums (Custom Hardware).  Questions related to hardware are fine if it's also related to the pool, but everybody has already had the same arguments over and over when it comes to the currently readily available ASIC hardware.

Block Erupter coupons will be distributed tomorrow morning for the other 70% of orders made at 1.05 BTC/unit.  The new coupons will not expire since there is no longer a limited supply.  These units are in hand and should have a 24-48 hour turnaround for the first day or so, then a 24-hour turnaround once the initial bulk of orders are filled.

R.I.P. BTC Guild, 2011 - 2015.
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HellDiverUK
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September 03, 2013, 09:50:18 AM
 #3452

Is the getwork server still going?  I would like to set it as backup server for my ASICMiner Blade (I'll be using a stratum proxy for normal mining).
eleuthria
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September 03, 2013, 03:47:14 PM
 #3453

Is the getwork server still going?  I would like to set it as backup server for my ASICMiner Blade (I'll be using a stratum proxy for normal mining).

The getwork server is still running, but that won't be the case for much longer.  If you use the later versions of bfgminer, supposedly Luke-Jr has gotten it to work with the Blades.  Essentially he created a getwork server inside bfgminer to communicate with blades.  I don't think the Windows binaries support it yet, but Linux should if you compile it.

R.I.P. BTC Guild, 2011 - 2015.
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HellDiverUK
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September 03, 2013, 04:42:11 PM
 #3454

Yep, I knew about the Linux version of BFG.  I think that might be the option, run it in a VM on my mining host machine.

Maybe you should keep the Getwork server going, it's an easy option for Blade users (especially as they're getting more popular thanks to the greatly reduced price)? 
eleuthria
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September 03, 2013, 05:27:55 PM
 #3455

Yep, I knew about the Linux version of BFG.  I think that might be the option, run it in a VM on my mining host machine.

Maybe you should keep the Getwork server going, it's an easy option for Blade users (especially as they're getting more popular thanks to the greatly reduced price)? 

The problem is I did not write the getwork pool software.  It is extremely dated, and took a lot of tweaks to get it to continue running.  It's just too expensive to keep going.  The 5 TH/s of the pool using getwork uses more bandwidth than the other 225 TH/s combined, and more CPU resources.

R.I.P. BTC Guild, 2011 - 2015.
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HellDiverUK
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September 03, 2013, 05:39:46 PM
 #3456

Fair enough, stratum_proxy.exe it is then. Smiley
eleuthria
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September 03, 2013, 05:50:04 PM
 #3457

ASICMINER Coupon units are now distributed to all remaining 1.05 BTC orders who did not get one previously.  The new coupons are 0.15 BTC/unit, and there is a 0.05 BTC shipping+handling fee per order (whether it's 1 unit or 50).  If you have coupons, a notice shows up as a small red text bubble above the store icon.  You can use them by starting an order.  One of the line items will be COUPON: 0.15 BTC Block Erupter.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
Taugeran
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September 04, 2013, 12:29:40 AM
 #3458

the luck for past ~50 shifts. it burns

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eleuthria
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September 04, 2013, 12:43:44 AM
 #3459

the luck for past ~50 shifts. it burns

Yeah, it's been a depressing 2 days, especially after pretty decent luck for most of the current difficulty.  We were in the 105-107% range until Sept 1.

R.I.P. BTC Guild, 2011 - 2015.
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Taugeran
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September 04, 2013, 12:54:48 AM
 #3460

well hopefully bfgminer 3.2.0 drops my hw error some and ups my effective Hsh/s

Bitfury HW & Habañero : 1.625Th/s
tips/Donations: 1NoS89H3Mr6U5CmP4VwWzU2318JEMxHL1
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