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dandirk (OP)
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March 02, 2014, 12:22:17 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? |
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ChuckBuck
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March 02, 2014, 12:33:23 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? If you plan on overclocking your Ants to 200GH/s(you should), you'll need a bigger power supply as they'll pull 400 watts each. Maybe a single PSU in the 1000W range to power 2 overclocked Ants from this guide: https://bitcointalk.org/index.php?topic=486121.0 |
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IamCANADIAN013
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March 02, 2014, 05:27:02 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? So its 3.10 BTC for 2 miners and a psu. You can by the miners straight from bitmain for 1.37 BTC each, so 2.74 for both. So you're paying .36 BTC for the PSU. At current prices, thats about $200 bucks USD for a PSU that won't run 2 cubes overclocked. Here is the bitmain link: https://www.bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6They ship really fast from what I've heard from people. As for break even and what you're missing. The difficulty keeps going up so you make less every diffacult increase. I'm pretty the mining calcs don't that into affect. Hopefully someone else can comment on the last part. I'm not 100% if thats the case. |
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thomas_s
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March 02, 2014, 08:15:37 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? So its 3.10 BTC for 2 miners and a psu. You can by the miners straight from bitmain for 1.37 BTC each, so 2.74 for both. So you're paying .36 BTC for the PSU. At current prices, thats about $200 bucks USD for a PSU that won't run 2 cubes overclocked. Here is the bitmain link: https://www.bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6They ship really fast from what I've heard from people. As for break even and what you're missing. The difficulty keeps going up so you make less every diffacult increase. I'm pretty the mining calcs don't that into affect. Hopefully someone else can comment on the last part. I'm not 100% if thats the case. You can purchase them direct from bitmain but do they tell you exactly when they will ship it or provide tracking in a timely manner? Some calcs do take into account for difficulty increase and from the first few batches of S1's 3 months is about the time it takes. |
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IamCANADIAN013
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March 02, 2014, 08:29:13 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? So its 3.10 BTC for 2 miners and a psu. You can by the miners straight from bitmain for 1.37 BTC each, so 2.74 for both. So you're paying .36 BTC for the PSU. At current prices, thats about $200 bucks USD for a PSU that won't run 2 cubes overclocked. Here is the bitmain link: https://www.bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6They ship really fast from what I've heard from people. As for break even and what you're missing. The difficulty keeps going up so you make less every diffacult increase. I'm pretty the mining calcs don't that into affect. Hopefully someone else can comment on the last part. I'm not 100% if thats the case. You can purchase them direct from bitmain but do they tell you exactly when they will ship it or provide tracking in a timely manner? Some calcs do take into account for difficulty increase and from the first few batches of S1's 3 months is about the time it takes. I honestly don't know if they do, but I've never read a negative review and from everything I see they ship out really fast. I may have to buy one to see as people are paying ridiculous prices for them on ebay. Good to see that some calcs take the rising difficulty into account. I've always been cautious of the calcs numbers because of the rise in difficulty. Which ones do for sure? |
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philipma1957
Legendary
 Offline
Activity: 4172
Merit: 8061
'The right to privacy matters'
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March 02, 2014, 04:16:21 PM
Last edit: March 02, 2014, 04:42:58 PM by philipma1957 |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? So its 3.10 BTC for 2 miners and a psu. You can by the miners straight from bitmain for 1.37 BTC each, so 2.74 for both. So you're paying .36 BTC for the PSU. At current prices, thats about $200 bucks USD for a PSU that won't run 2 cubes overclocked. Here is the bitmain link: https://www.bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6They ship really fast from what I've heard from people. As for break even and what you're missing. The difficulty keeps going up so you make less every diffacult increase. I'm pretty the mining calcs don't that into affect. Hopefully someone else can comment on the last part. I'm not 100% if thats the case. You can purchase them direct from bitmain but do they tell you exactly when they will ship it or provide tracking in a timely manner? Some calcs do take into account for difficulty increase and from the first few batches of S1's 3 months is about the time it takes. I honestly don't know if they do, but I've never read a negative review and from everything I see they ship out really fast. I may have to buy one to see as people are paying ridiculous prices for them on ebay. Good to see that some calcs take the rising difficulty into account. I've always been cautious of the calcs numbers because of the rise in difficulty. Which ones do for sure? read up on how they just fucked me. I got doa gear from sushi-review which is the left hand of bitmaintech. this link is the start of my doa gear https://bitcointalk.org/index.php?topic=448425.msg5440105#msg5440105 |
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philipma1957
Legendary
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Activity: 4172
Merit: 8061
'The right to privacy matters'
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March 02, 2014, 04:23:51 PM
Last edit: March 02, 2014, 04:55:19 PM by philipma1957 |
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philipma1957
Legendary
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Activity: 4172
Merit: 8061
'The right to privacy matters'
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March 02, 2014, 04:31:44 PM |
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photos two machine up top use the white fractal  lower machine uses the gray fractal.  the white model  |
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philipma1957
Legendary
Offline
Activity: 4172
Merit: 8061
'The right to privacy matters'
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March 02, 2014, 05:05:42 PM |
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One last thing I am a straight shooter. thomas_s and bobsag3 have done a lot of sales to me. If you read the trust ratings you can see this.
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dandirk (OP)
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March 02, 2014, 05:29:12 PM |
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Thanks for the posts/info guys...
I took the plunge but only for 1 S1 Dual... Vendor was out of CX600 PSU so I will probably get one via amazon.
Looking at the PSU prices seems much more economical to just get a PSU for each S1... I am sure if you have 4 or more, you would get power savings by doubling up with more expensive PSUs....
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IamCANADIAN013
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March 03, 2014, 06:59:16 AM |
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Considering jumping into mining with 2 S1 Dual blades.. https://minersource.net/products/bitmain-s1-dual-blade-180gh-400w-asic-miner-1-2From reading it sounds like PSU modification is generally needed, but this includes what looks to be a already modified PSU... These seem to be a decent small starting kit available now (no pre-order etc). Though most mining cals say I will break even in 3mo, which sounds extremely reasonable... am I missing something? So its 3.10 BTC for 2 miners and a psu. You can by the miners straight from bitmain for 1.37 BTC each, so 2.74 for both. So you're paying .36 BTC for the PSU. At current prices, thats about $200 bucks USD for a PSU that won't run 2 cubes overclocked. Here is the bitmain link: https://www.bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6They ship really fast from what I've heard from people. As for break even and what you're missing. The difficulty keeps going up so you make less every diffacult increase. I'm pretty the mining calcs don't that into affect. Hopefully someone else can comment on the last part. I'm not 100% if thats the case. You can purchase them direct from bitmain but do they tell you exactly when they will ship it or provide tracking in a timely manner? Some calcs do take into account for difficulty increase and from the first few batches of S1's 3 months is about the time it takes. I honestly don't know if they do, but I've never read a negative review and from everything I see they ship out really fast. I may have to buy one to see as people are paying ridiculous prices for them on ebay. Good to see that some calcs take the rising difficulty into account. I've always been cautious of the calcs numbers because of the rise in difficulty. Which ones do for sure? read up on how they just fucked me. I got doa gear from sushi-review which is the left hand of bitmaintech. this link is the start of my doa gear https://bitcointalk.org/index.php?topic=448425.msg5440105#msg5440105Well shit, I'm gonna have to think twice about buying from Bitmain. Everything seemed legit from them until very recently. Hope they fix your issue, that sucks. I have found an ebay seller very local to me, so I think I'll look into that option. I'd be paying a little extra, but he guarantee's they work. |
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HellDiverUK
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March 03, 2014, 09:02:51 AM |
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I thought the new ones came with a 6-pin PCI-E plug as well as the wire terminals, which means you don't have to modify.
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S4VV4S
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March 03, 2014, 01:00:45 PM |
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I thought the new ones came with a 6-pin PCI-E plug as well as the wire terminals, which means you don't have to modify.
Yes they do come with 6-pin PCI-E plugs. |
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dandirk (OP)
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March 03, 2014, 01:10:58 PM |
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I thought the new ones came with a 6-pin PCI-E plug as well as the wire terminals, which means you don't have to modify.
I hope so, yeah from reading current versions have easier to use plugs... Though the vendor I bought from does not mention this and is still using old pics without them. So it will be a surprise then:) Thankfully I found a 750w power supply in my bin of parts so that is something I don't have to buy. Looking a the difficulty change history... I highly doubt I will break even but it will be fun anyways. |
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wavez
Newbie
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Activity: 6
Merit: 0
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March 03, 2014, 01:58:10 PM |
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While your equipment sits there you have others who are in the same boat looking to get into the BTC world of mining, You also have the 1s already hooked, both buying equipment, meaning your shares will get less and less, the ROI gets further away. 3 months goes to 6 months, 6 to 12..... Your now in the 2nd category and look to either reinvest the BTC you have made or spend more money to keep up.
The BTC circle of life begins!
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dandirk (OP)
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March 03, 2014, 05:08:14 PM |
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While your equipment sits there you have others who are in the same boat looking to get into the BTC world of mining, You also have the 1s already hooked, both buying equipment, meaning your shares will get less and less, the ROI gets further away. 3 months goes to 6 months, 6 to 12..... Your now in the 2nd category and look to either reinvest the BTC you have made or spend more money to keep up.
The BTC circle of life begins!
Such is the life of a miner it seems... Heck looks like you pretty much are screwed unless you get in on first month or 2 when a device is available... which then can lead to having to "pre-order" and hope for a timely hardware release. Hey live and learn. |
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IamCANADIAN013
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March 03, 2014, 11:05:33 PM
Last edit: March 03, 2014, 11:40:27 PM by IamCANADIAN013 |
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While your equipment sits there you have others who are in the same boat looking to get into the BTC world of mining, You also have the 1s already hooked, both buying equipment, meaning your shares will get less and less, the ROI gets further away. 3 months goes to 6 months, 6 to 12..... Your now in the 2nd category and look to either reinvest the BTC you have made or spend more money to keep up.
The BTC circle of life begins!
Such is the life of a miner it seems... Heck looks like you pretty much are screwed unless you get in on first month or 2 when a device is available... which then can lead to having to "pre-order" and hope for a timely hardware release. Hey live and learn. Problem is, when you get in on the first month or 2 they have a much higher price. Most seem to leverage the price just to keep you on the verge of thinking you'll make more than your investment back. The only value I can see with buying early is the resale value of your miner can still fetch you a decent return because people are still buying them. The price of Bitcoin factors in a great deal as well. But then, it might be just cheaper to buy coin than to mine it. The pre-orders scare the crap out of me. I hate paying for something with no guarantee that it will be sent, and there are soooo many scams out there. |
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dandirk (OP)
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March 04, 2014, 03:14:53 AM
Last edit: March 04, 2014, 03:25:16 AM by dandirk |
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Problem is, when you get in on the first month or 2 they have a much higher price. Most seem to leverage the price just to keep you on the verge of thinking you'll make more than your investment back. The only value I can see with buying early is the resale value of your miner can still fetch you a decent return because people are still buying them. The price of Bitcoin factors in a great deal as well. But then, it might be just cheaper to buy coin than to mine it.
The pre-orders scare the crap out of me. I hate paying for something with no guarantee that it will be sent, and there are soooo many scams out there.
Higher price you are correct... Also probably correct in getting good at ebay to sell off your hardware. As for pre-orders yeah don't think I will ever go down that road. I have seen a pre-order for the Prospero X-3, 2TH/s for 6k, expected in may. In may if difficulty is at 75% per month (last 30 days ~73%), you will still be in the hole unless difficulty levels off or price goes up (Even more then today). |
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IamCANADIAN013
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March 04, 2014, 04:01:12 AM |
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Problem is, when you get in on the first month or 2 they have a much higher price. Most seem to leverage the price just to keep you on the verge of thinking you'll make more than your investment back. The only value I can see with buying early is the resale value of your miner can still fetch you a decent return because people are still buying them. The price of Bitcoin factors in a great deal as well. But then, it might be just cheaper to buy coin than to mine it.
The pre-orders scare the crap out of me. I hate paying for something with no guarantee that it will be sent, and there are soooo many scams out there.
Higher price you are correct... Also probably correct in getting good at ebay to sell off your hardware. As for pre-orders yeah don't think I will ever go down that road. I have seen a pre-order for the Prospero X-3, 2TH/s for 6k, expected in may. In may if difficulty is at 75% per month (last 30 days ~73%), you will still be in the hole unless difficulty levels off or price goes up (Even more then today). It's such a crap shoot to figure out which was to go. I like the mining option because it's a learning experience and it's interesting to see it mine away. It's also seems to be less risk because there seems to be someone always willing to overpay for 1 on ebay. I can pick up an antminer S1 locally for $1100 CDN, so about $992 USD. Of course then you need to add a psu ($100 cdn) But it's tricky to see what the roi is because the mining calculators vary so much. I guess in the end its all a crap shoot, and both carry risks. No risk, no reward I guess. |
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