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Author Topic: My "mini" mining farms , set up + wiring  (Read 4703 times)
Steamtyme
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May 09, 2019, 01:33:36 PM
Last edit: May 10, 2019, 02:57:18 AM by frodocooper
 #41

I'd say you made a good choice overall, nothing wrong with spreading it out a little in case we weren't in such a great situation right now, if only we could see the future. Good on you for not giving in to the temptation, it's tough when everything on paper says do it. Not going to lie, when you were talking about this I almost hit you up with a proposal to buy/host with you - essentially try and insert myself into your plan if you had space. Then I took a breath remembered I had just upgraded everything mining at the house and held off on asking. Finally starting to rebuild some of the reserves, which feels nice especially at these prices.

If you get a chance ever you should throw up a few pics of the "Gold Rush" setup.  - Get in and grab what you can fast.

I always forget about the Bot, and now realize why I couldn't find your thread - it moved.


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Artemis3
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May 27, 2019, 01:11:18 PM
 #42

I'd say you made a good choice overall, nothing wrong with spreading it out a little in case we weren't in such a great situation right now, if only we could see the future. Good on you for not giving in to the temptation, it's tough when everything on paper says do it. Not going to lie, when you were talking about this I almost hit you up with a proposal to buy/host with you - essentially try and insert myself into your plan if you had space. Then I took a breath remembered I had just upgraded everything mining at the house and held off on asking. Finally starting to rebuild some of the reserves, which feels nice especially at these prices.

If you get a chance ever you should throw up a few pics of the "Gold Rush" setup.  - Get in and grab what you can fast.

I always forget about the Bot, and now realize why I couldn't find your thread - it moved.

When in good times, plan for the bad times. Then you can always have a future. Plan ahead so you don't get caught off guard. Some people go greedy and start spending all their income in expansion, not thinking the situation might suddenly reverse, as it has done several times in the past.

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minefarmbuy
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May 27, 2019, 02:12:40 PM
 #43

Time for aggressive expansion is when pricing is low to lowest. Which I feel will be coming to a close here by Q4. Otherwise it's simply adding hash to stay ahead of diff and finding better efficiencies with what you have to drive revenue.

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mikeywith (OP)
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July 04, 2019, 12:18:05 PM
 #44

Time for aggressive expansion is when pricing is low to lowest.

I do tend to agree to this, not because I did the exact thing, simply because of the numbers, since this is a bit of topic because this thread is not related to investment but solely focus on wiring and set-up - I decided to start a new thread to discuss your statement here > https://bitcointalk.org/index.php?topic=5161599.msg51705339#msg51705339

Would be great if you could join the discussion.

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Artemis3
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July 04, 2019, 02:18:30 PM
 #45

Time for aggressive expansion is when pricing is low to lowest. Which I feel will be coming to a close here by Q4. Otherwise it's simply adding hash to stay ahead of diff and finding better efficiencies with what you have to drive revenue.

I agree with you, i think there is a chance for at least one major downtrend before the halving, then i guess another after halving and some calming afterwards (before the usual). People need to pay attention also to manufacturer delivery of the newer more efficient units, which impact the diff and lower the income of those still using older units, which can probably still be squeezed a bit more juice from until the halving...

Post halving i don't think there will be much interest for 16nm units anymore, now would be a good time to sell/replace those, while some people still want them to squeeze them before the halving.

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mikeywith (OP)
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July 05, 2019, 11:33:47 PM
Last edit: July 06, 2019, 03:42:18 AM by frodocooper
 #46

Post halving i don't think there will be much interest for 16nm units anymore...

Keep in mind that almost 99% of miners consider the fiat profit as oppose of anything else, based on that, your statement may very well be inaccurate,notice how that as for right now,even mining with an old gear like S7 which is built on 28nm is in fact still profitable for 5 cents per kwh.

coin price is the number 1 decision maker in everything mining related, if after the halving and assuming difficulty increases by double, it only make sense that most 16nm gears will be paper weight but what if BTC price is 50k by then ?

an S9 today makes about 5$ per day

after the halving (without taking price into calculation) S9 will make 2.5$

assuming diff will double s9 will make 1.25$ per day.

if price was to stay at 11,000$ per coin, that would be valid, but if say BTC is at 50,000$ after the halving then S9 will make 5.6$ which is even a better profit than before the halving.

indeed non of the above is guaranteed to happen, but non of it is far from possible, diff doubling is very doable, coin price at 50k is very doable too.

The great thing about mining is that diff takes a lot of time to double, while price really takes no time when it wants to double, hint in 6 months we went from 3k to 14k  = 328% increase to be accurate, while diff went from 5.6 to about 8 which is not even 100%.

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