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Author Topic: Considering to start solo mining, thoughts?  (Read 2329 times)
elgreco
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June 09, 2014, 01:04:50 AM
 #21

I'll give you a real world example:

My 60GHS BFL Single costs a little less than $1/day to run. It has not solved a block since August '13.

I added two 200GHS antminers to my arsenal in February '14, and I have still not solved a block on my own since the block the 60ghs single got in August.

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FlutterPie
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June 09, 2014, 01:08:32 AM
 #22

I'll give you a real world example:

My 60GHS BFL Single costs a little less than $1/day to run. It has not solved a block since August '13.

I added two 200GHS antminers to my arsenal in February '14, and I have still not solved a block on my own since the block the 60ghs single got in August.

Well that sucks, so how do you suggest I start mining (any coins) to make even a little bit of money?
xstr8guy
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June 09, 2014, 03:16:24 AM
 #23

So I really need at least 10TH/s for it to be at least remotely a good idea to solo mine?

No, with 10THs you're still playing the lottery by solo-mining. If you are hashing with less than several hundred THs these days it's much wiser to pool mine. Why the fascination with solo-mining?

Imagine waking up one day to 25 BTC in your wallet.

Imagine this more likely scenario...
Waking up every morning for many years with zero bitcoins in your wallet.  Wink
xstr8guy
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June 09, 2014, 03:18:26 AM
 #24

A L T C O I N S

Thats what I figured, can you give me tips.

You'll want to take alt coin conversations to the alt coin subforum or risk getting your posts deleted by a moderator.
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June 09, 2014, 03:37:06 AM
 #25

If you can say that you feel comfortable mining for 1 year and paying for electricity during that time and acknowledging that your balance may very well be 0 at that time then you can consider solo mining.

If you would get sick in your stomach from that, then just join a pool and enjoy the little satoshis trickling in every day.

BTC: 1AMfUrM37cCHcAvyYGx9bsJWjt6rdCu7sj
ETH: 0x427f41c3a6b79ca643210195a33cdbaa714177aa
Groc
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June 09, 2014, 10:24:39 AM
 #26

I think Knc still has a good reputation, since they are doubling everyone's first order for free for being late. pretty good customer service.

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Groc
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June 09, 2014, 04:35:10 PM
 #27

I'd think that you'd want around 10 Ths (10 000 Ghs) to make it worthwhile. also you'd probably want to add a THs  every month or so.

Posted From bitcointalk.org Android App
I wouldn't even bother solo with this hashrate only 20+ if not more.

Right! And he'll only need 10,000 of those 2GHs Block Erupters to get to 20THs. Sounds like a great plan!

Silly, not the old block erupters. Maybe the new ones when the're done: https://github.com/blockerupter

I was talking about the new Gen3 AsicMiner Chips: https://bitcointalk.org/index.php?topic=438359.0

Rockminer is using the new chips: http://www.rockminer.com/ , Good price too, 4 BTC for 2.6 THs = about $1.08/GH @ $700usb/BTC  Grin  , but 1.2W/Ghs  Undecided  Shipping starts June 25th.. that's pretty good too

ChuckBuck
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June 09, 2014, 05:53:54 PM
 #28

I'd think that you'd want around 10 Ths (10 000 Ghs) to make it worthwhile. also you'd probably want to add a THs  every month or so.

Posted From bitcointalk.org Android App
I wouldn't even bother solo with this hashrate only 20+ if not more.

Right! And he'll only need 10,000 of those 2GHs Block Erupters to get to 20THs. Sounds like a great plan!

Silly, not the old block erupters. Maybe the new ones when the're done: https://github.com/blockerupter

I was talking about the new Gen3 AsicMiner Chips: https://bitcointalk.org/index.php?topic=438359.0

Rockminer is using the new chips: http://www.rockminer.com/ , Good price too, 4 BTC for 2.6 THs = about $1.08/GH @ $700usb/BTC  Grin  , but 1.2W/Ghs  Undecided  Shipping starts June 25th.. that's pretty good too



The new Rx-Box doesn't come with power supplies, so you'll have to factor that into costs too.  Roughly 750 watts per box or 3000 Watts for the whole 4 units.  Meanwhile Spondoolies SP30 will be 2400 Watts for 6 TH/s!!!!

I'm not impressed with Asicminer Gen 3 at all, they suck balls efficiency wise.  Power supply costs and electrical costs negate the miner initial cost.

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jimmothy
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June 09, 2014, 07:05:58 PM
 #29

Quote
SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.


Quote
Power supply costs and electrical costs negate the miner initial cost.

Also simply not true. A 750w atx psu is only $50 and monthly electricity costs per miner is another $50/month @ 0.1/kwh.

Rboxes will roi before september sp30s begin shipping..
ChuckBuck
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June 09, 2014, 07:26:39 PM
 #30

Quote
SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.


Quote
Power supply costs and electrical costs negate the miner initial cost.

Also simply not true. A 750w atx psu is only $50 and monthly electricity costs per miner is another $50/month @ 0.1/kwh.

Rboxes will roi before september sp30s begin shipping..

What did I miss?


Quote
Item

SP30 - Yukon

Effective Hash Rate

6 TH/s ± 10%

ASIC

Total 30 Spondoolies-Tech Rocker ASICs

Controller

TI Sitara 1GHz (based on Beagle Bone Black)

Controller Board OS

Linux (embedded)

Mining Software

cgminer with custom plugin

Form Factor

2 U rack mountable (mounting ears required)

Network

Single 10/100 Ethernet port

Fans

4 X 80 mm

Power Supply

2 x 1200 W

Input Rating

90 - 264 VAC

Nominal Power Consumption

2500 W

Ambient Operating Temperature

0 °C to 35 °C

Emissions Compliance

FCC / CE

Safety Certification

CE

God, when aren't you wrong?

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jimmothy
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June 09, 2014, 07:30:10 PM
 #31

Quote
God, when are you wrong?

Never.

Quote
What did I miss?
Code:
Nominal Power Consumption

2500 W*


*this is a preorder and dates/specs are guaranteed to be BS.
ChuckBuck
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June 09, 2014, 07:31:30 PM
 #32

Quote
God, when are you wrong?

Never.

Quote
What did I miss?
Code:
Nominal Power Consumption

2500 W*


*this is a preorder and dates/specs are guaranteed to be BS.

Lol for a company that shipped a ton of SP10s all over the globe.

How many Rxbox's have shipped yet?

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jimmothy
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June 09, 2014, 07:39:44 PM
 #33

Quote
God, when are you wrong?

Never.

Quote
What did I miss?
Code:
Nominal Power Consumption

2500 W*


*this is a preorder and dates/specs are guaranteed to be BS.

Lol for a company that shipped a ton of SP10s all over the globe.

How many Rxbox's have shipped yet?

Just like spongebobtech, rockminer has shipped their first product "all over teh globe". And they sold in stock not BTO. (Immediate shipping vs 2-4 weeks)

Rxboxes begin shipping on the 25th if everything goes right. And unlike spongebobtech they actually have working/tested hardware.
ChuckBuck
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June 09, 2014, 07:50:36 PM
 #34

Quote
God, when are you wrong?

Never.

Quote
What did I miss?
Code:
Nominal Power Consumption

2500 W*


*this is a preorder and dates/specs are guaranteed to be BS.

Lol for a company that shipped a ton of SP10s all over the globe.

How many Rxbox's have shipped yet?

Just like spongebobtech, rockminer has shipped their first product "all over teh globe". And they sold in stock not BTO. (Immediate shipping vs 2-4 weeks)

Rxboxes begin shipping on the 25th if everything goes right. And unlike spongebobtech they actually have working/tested hardware.

Spongebobtech, lol good one!

Not sure why you're so averse to S-T.  They're an actually good, legitimate ASIC manufacturing company that ships in this shady, scammy industry!  If anything, they should be praised.

Rockminer are yet to be proven.  Their offerings are underwhelming so far, and this is fact.  Their R boxes 30 GH/s miners are just novelty items and we have yet to see what the Rx Box is all about.

If the Rxbox is decent and performs as advertised, I may pick up one, as I don't wave pom poms for anyone.  Whatever ships and at a decent price at a decent power efficiency, should be what all of us miners should go for.

S-T ships, has shipped, and will start anew with a new batch of SP10s soon.  The SP30 is slated for September, so we'll see how that'll come about.

Since Rxbox is due out end of this month, we'll see if they can live up to snuff.

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jimmothy
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June 09, 2014, 08:01:40 PM
 #35

Quote
Not sure why you're so averse to S-T.  They're an actually good, legitimate ASIC manufacturing company that ships in this shady, scammy industry!  If anything, they should be praised.

KNC was a great company until they fudged up the neptunes. As far as I know knc had the most successful preorder run to date.

Point is preorders are finished and it seems spondoolies is trying to make it a thing again.

Why would they not offer in stock sp30s as soon as they get them?

I think they know that when september comes the going rate will be much less than what they are charging now.

Side note: no refunds on spondoolies preorders.
ChuckBuck
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June 09, 2014, 08:05:15 PM
 #36

Quote
Not sure why you're so averse to S-T.  They're an actually good, legitimate ASIC manufacturing company that ships in this shady, scammy industry!  If anything, they should be praised.

KNC was a great company until they fudged up the neptunes. As far as I know knc had the most successful preorder run to date.

Point is preorders are finished and it seems spondoolies is trying to make it a thing again.

Why would they not offer in stock sp30s as soon as they get them?

I think they know that when september comes the going rate will be much less than what they are charging now.

Side note: no refunds on spondoolies preorders.

Fair enough, I'm also not crazy about the pre-order wait on SP30.

I'm merely judging S-T on their launch and delivery on SP10, which has been close to flawless.

We'll see if they can ramp up manufacturing and ship from stock eventually with the SP30 like they did for the SP10.

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RoadStress
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June 09, 2014, 09:00:38 PM
 #37

I'd think that you'd want around 10 Ths (10 000 Ghs) to make it worthwhile. also you'd probably want to add a THs  every month or so.

Posted From bitcointalk.org Android App
I wouldn't even bother solo with this hashrate only 20+ if not more.

What kind of hardware do you suggest?

I suggest you to get lots of SP30 miner. It has the best $/GH and the lowest W/GH. Check my sig (affiliate link + donations if you buy through it).

Quote
SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.

One month and a half and it will be true!

Why would they not offer in stock sp30s as soon as they get them?

Because having a a couple hundred/thousand units in stock needs a lot of components ordered first and a lot of preparing.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Groc
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June 09, 2014, 09:08:50 PM
 #38

FYI, Rockminer did all the AsicMiner Gen 1 block erupters for Asia.

Posted From bitcointalk.org Android App
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June 09, 2014, 09:30:36 PM
 #39

Quote
SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.

One month and a half and it will be true!

No it won't.  They advertise 2500w for 6th/s plus or minus 10% (my guess is minus). They are extremely optimistic with their estimations assuming that they will have 0.43w/gh while overclocked. That is more than 40% less than the sp10 underclocked. A die shrink should only expect 30% improvement in efficiency.

Quote
Why would they not offer in stock sp30s as soon as they get them?

Because having a a couple hundred/thousand units in stock needs a lot of components ordered first and a lot of preparing.

This is the worst explanation I've heard. They have more than enough money to buy all the components for all 3 batches if they wanted to.

They chose to go with preorders because they know that they cannot sell their hardware for ~$1/gh in 3 months and by doing so they put tons of unnecessary additional risks on their customers.

Quote
I suggest you to get lots of SP30 miner. It has the best $/GH and the lowest W/GH. Check my sig (affiliate link + donations if you buy through it).

I'd also suggest never believing anyone trying to sell you something as an affiliate.
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June 09, 2014, 09:46:56 PM
 #40

Quote
SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.

One month and a half and it will be true!

No it won't.  They advertise 2500w for 6th/s plus or minus 10% (my guess is minus). They are extremely optimistic with their estimations assuming that they will have 0.43w/gh while overclocked. That is more than 40% less than the sp10 underclocked. A die shrink should only expect 30% improvement in efficiency.

What was your guess about AM gen3 chip performance? I am sure it wasn't 1.1W/GH like it came out. You also guessed that you will receive dividends in May and you failed again. Your guesses seems to be a bit off.

Quote
This is the worst explanation I've heard. They have more than enough money to buy all the components for all 3 batches if they wanted to.

They chose to go with preorders because they know that they cannot sell their hardware for ~$1/gh in 3 months and by doing so they put tons of unnecessary additional risks on their customers.

Nobody knows their financing books so please don't speak without proof. This is just a reason. I am sure that there are more which favor the customers.


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I'd also suggest never believing anyone trying to sell you something as an affiliate.

Why is that? 1% of the total hashrate sold through my affiliate link will go to charities and bitcoin software developers.

And be honest. I am not the only one with an affiliation. You are affiliated with HashRatio too. Not directly, but indirectly by being an AM shareholder. So at least I let OP know that my sig is an affiliate link while you pretend to not have any affiliation whatsoever.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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