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Author Topic: only 300$ per month  (Read 2700 times)
ramchik
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June 27, 2014, 10:49:39 AM
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300$ is enough for me per month which device will be OK to gain 300$
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KimNam
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June 27, 2014, 11:01:10 AM
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With Antminer S2 (around $1820), you will get $300 / month for 1-2 months
but if difficulty change drastically, you won't get it
wait for Antminer S3 and buy 2 of them if it offers better price
ramchik
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June 27, 2014, 11:20:15 AM
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1800$ it's too much Sad
KimNam
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June 27, 2014, 11:30:30 AM
 #4

my advice is forget about mining
learn about recent difficulty increasing and you will understand why
https://bitcoinwisdom.com/bitcoin/difficulty
and if you want calculate how much your earning, try here :
https://bitcoinwisdom.com/bitcoin/calculator
Luckycoin90
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June 27, 2014, 12:26:24 PM
 #5

1800$ it's too much Sad
Bitcoin mining equipment is not cheap if you want a powerful rig. The difficulty is rising much faster rate than the price of bitcoin itself. You have better ROI return if you mine alt coin such as litecoin and converted to bitcoin.
CaptEmulation
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June 27, 2014, 08:16:55 PM
 #6

1800$ it's too much Sad

Don't you think your budget would be relevant to the original question?

Here are a few adages for you:
  • It takes money to make money
  • You cannot get something for nothing
  • No such thing as a free lunch

I'm afraid the "use $1000 computer to mine $10,000 of cryptocurrency per month" boat sailed a long, long time ago.  Are you even considering electricity, tax and exchange fees?  If you buy any miner now, you will 99.9% chance be net zero for about... forever.  Please read the many many other posts of people who have done the math.

Do yourself a favor and do not buy the hype.  That being said, as had been said above-- the best you could do it to buy a Bitmaintech S3 when they become available.  Bitmaintech prices their gear such that they ROI after 3-6 months-- assuming you have the skills, equipment and tolerance for loud fan noise to make it that far.

ramchik
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June 27, 2014, 09:46:03 PM
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thnks for advices
DrG
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June 28, 2014, 06:48:21 AM
 #8

Since you're in Europe I would advise using https://btc-e.com/ and buy some Bitcoin.  Spend the $300 buying 1/2 a bitcoin (that's more than you could get with any miner and you won't have to pay for power).  Just make sure to move the bitcoin off the exchange and into your own wallet.  If you don't understand that, spend time learning that rather than learning about mining.

My suggestion.

BTC: 1AMfUrM37cCHcAvyYGx9bsJWjt6rdCu7sj
ETH: 0x427f41c3a6b79ca643210195a33cdbaa714177aa
leechenlua
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June 28, 2014, 06:50:32 AM
 #9

how many do me earn with KNC Neptune 1500GH/s?

1FvfuTmgEt8y9ymqkMerkmJvsv4dCfLkY3
xstr8guy
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June 28, 2014, 11:16:00 PM
 #10

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
BTC_Fundamentals
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June 29, 2014, 06:28:41 AM
 #11

Does KNC Neptune even delivered yet ?
mwizard
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June 29, 2014, 08:33:53 AM
 #12

Neptunes are shipping.  KNC met its Q2 date for the Neptune.  

KNC are apparently shipping close to a Petahash a day (300 units a day at 3,300 Gigahash each).  

I am not aware of a 1,500 Gigahash version of the Neptune.
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June 29, 2014, 10:45:00 AM
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Neptunes are shipping.  KNC met its Q2 date for the Neptune.  

KNC are apparently shipping close to a Petahash a day (300 units a day at 3,300 Gigahash each).  

I am not aware of a 1,500 Gigahash version of the Neptune.


20 business day a month (assuming no weekend shipping and stock for 20 days) and that alone drives up the difficulty 15% for July  Shocked

It's a race to see what AM3 chips and Bitmain S3 will do.

BTC: 1AMfUrM37cCHcAvyYGx9bsJWjt6rdCu7sj
ETH: 0x427f41c3a6b79ca643210195a33cdbaa714177aa
mwizard
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June 29, 2014, 12:52:25 PM
 #14

The KNC 1,500 Gigaash Neptune is called the Mini Neptune.  It is expected to start shipping in July and may hash at up to 2,250 GHash.  At a guess this hash rate implies three ASCII chips, compared to 5 on the Neptune.

KNC say they shipped 300 Neptunes on Monday 23rd June.  That is a Petahash in one day.  On Tuesday 24th June they aimed for 250 Neptunes shipped, another 0.81 Petahash. So they definitely have the capability to ship lots of product.
xstr8guy
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June 29, 2014, 02:24:46 PM
 #15

Neptunes are shipping.  KNC met its Q2 date for the Neptune.  

KNC are apparently shipping close to a Petahash a day (300 units a day at 3,300 Gigahash each).  

I am not aware of a 1,500 Gigahash version of the Neptune.


https://www.kncminer.com/products/mini-neptune-third-batch
leechenlua
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July 09, 2014, 04:28:46 PM
 #16

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
What're your mean "difficulty adjustments"?
Can you explain for me?

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jonnybravo0311
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July 09, 2014, 09:55:04 PM
 #17

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
What're your mean "difficulty adjustments"?
Can you explain for me?
Sure, I'll explain it for you.  I'm purposefully leaving out a ton of details and only giving you a high-level overview of things.

The Bitcoin network strives to add 1 block to the block chain every 10 minutes.  To accomplish this, it sets a target difficulty.  Every 2016 blocks that are added to the chain, the difficulty is recalculated.  If the average time to find those blocks is found to be under 10 minutes per block, the difficulty is increased.  If the average time is greater than 10 minutes, the difficulty is reduced.  If the average time is exactly 10 minutes, the difficulty remains the same.

In general, the more power that is added to the network, the faster the blocks are found, and the difficulty increases to compensate.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
leechenlua
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July 10, 2014, 03:09:03 AM
 #18

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
What're your mean "difficulty adjustments"?
Can you explain for me?
Sure, I'll explain it for you.  I'm purposefully leaving out a ton of details and only giving you a high-level overview of things.

The Bitcoin network strives to add 1 block to the block chain every 10 minutes.  To accomplish this, it sets a target difficulty.  Every 2016 blocks that are added to the chain, the difficulty is recalculated.  If the average time to find those blocks is found to be under 10 minutes per block, the difficulty is increased.  If the average time is greater than 10 minutes, the difficulty is reduced.  If the average time is exactly 10 minutes, the difficulty remains the same.

In general, the more power that is added to the network, the faster the blocks are found, and the difficulty increases to compensate.
tks guy
I got it

1FvfuTmgEt8y9ymqkMerkmJvsv4dCfLkY3
Junkbarman
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July 10, 2014, 03:41:15 AM
 #19

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
What're your mean "difficulty adjustments"?
Can you explain for me?
Sure, I'll explain it for you.  I'm purposefully leaving out a ton of details and only giving you a high-level overview of things.

The Bitcoin network strives to add 1 block to the block chain every 10 minutes.  To accomplish this, it sets a target difficulty.  Every 2016 blocks that are added to the chain, the difficulty is recalculated.  If the average time to find those blocks is found to be under 10 minutes per block, the difficulty is increased.  If the average time is greater than 10 minutes, the difficulty is reduced.  If the average time is exactly 10 minutes, the difficulty remains the same.

In general, the more power that is added to the network, the faster the blocks are found, and the difficulty increases to compensate.

So, in theory, a 1.1 TH/s machine will be outdated at some point, it won't keep up?

Remember, what the dormouse said: feed your head.
All bitcoins sent here please
BTC: 1Byb1uCgbBy7B46ufK8TVwaq7M7u1Meeqr
xstr8guy
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July 10, 2014, 04:35:58 AM
 #20

how many do me earn with KNC Neptune 1500GH/s?

$26 per day less the cost of electricity. That declines every 12 days (on average) with difficulty adjustments.
https://www.alloscomp.com/bitcoin/calculator
What're your mean "difficulty adjustments"?
Can you explain for me?
Sure, I'll explain it for you.  I'm purposefully leaving out a ton of details and only giving you a high-level overview of things.

The Bitcoin network strives to add 1 block to the block chain every 10 minutes.  To accomplish this, it sets a target difficulty.  Every 2016 blocks that are added to the chain, the difficulty is recalculated.  If the average time to find those blocks is found to be under 10 minutes per block, the difficulty is increased.  If the average time is greater than 10 minutes, the difficulty is reduced.  If the average time is exactly 10 minutes, the difficulty remains the same.

In general, the more power that is added to the network, the faster the blocks are found, and the difficulty increases to compensate.

So, in theory, a 1.1 TH/s machine will be outdated at some point, it won't keep up?

1.1 THs not "keeping up" isn't the point. Difficulty increases approximately every 2 weeks (2106 blocks). Every machine/farm loses income when the difficulty increases. To continue to earn the same amount of BTC per difficulty adjustment period, you'd need to add new hash to match the difficulty increase... typically 20%.

At this very moment in time, 1.1THs will earn about $20 per day less electricity costs, assuming 100% luck and zero pool fees.
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