matty521521 (OP)
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July 19, 2014, 07:40:00 AM |
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Hey forum!
I'm heading off to school soon and I have no use for my desktop computer anymore, I'm wanting to sell it in the near future and invest in a nice yielding mining rig/setup (disregarding the electricity bill). If the #'s are right i'm willing to spend a couple K on a rig.
If anyone know where I should start please let me know!
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joshraban76
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July 19, 2014, 08:21:19 AM |
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Honestly mining is a rough business because of difficulty and electricity but if you are not going to be paying for electric, you will be essentially robbing your college. You may not be directly paying for the electric but someone is. You may just have a higher tuition next year, and if others have the same idea it could be a significant increase. It wont be long until places start to wake up and put kilawatt meters on apartments, dorm rooms, and other lease space. I know if I rented out a place and planned on including rent it would have a kilowatt per month limitation. I don't think its right but good luck with your mining.
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jonnybravo0311
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Mine at Jonny's Pool
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July 19, 2014, 03:40:06 PM |
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Are you inquiring about a Bitcoin mining ASIC rig that you would bring to college with you, or are you looking for recommendations on a PC setup for the same? If it is the former, understand that any rig you purchase will generate both heat and noise. You can purchase stand-alone rigs like the Antminer S1/2/3, Dragons, etc that don't require a separate controller (although the S1 and S3 require you to supply the PSU). Of the rigs I've owned, thus far the S3 is the least intrusive of them. The S1s are a bit noisy and put out enough heat to keep a small room warm. The S2 is louder and will keep a large room quite warm.
You can also go for rigs that require a separate controller like the Rockminers. Some come with, others don't. You could even go for stick miners, but those also require something to plug into.
There is no PC rig that will be effective for mining BTC. You might do alright on alt coins like X11 and X13-based ones using a powerful CPU/GPU machine, but you'd have to do some research in the alt coin forums for recommendations.
In any case, I agree with joshraban76. Just because YOU aren't directly paying your electric bill, somebody certainly is. You can probably justify the smaller rigs only pulling a few watts as "normal usage"; however, if you're considering plugging in something drawing 1kw... that's just plain old stealing.
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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.
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SDRebel
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July 19, 2014, 10:13:43 PM |
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OP,
you are already paying for electricity one way or another, feel free to use it as you please, it is not stealing. If you were to do it at your job, that would be a diff story.
Gawminers has nice prices for scrypt miners and have sales and take credit cards and have very good reputation. Oneminer.com has a daily sale for miners. It's like a JV of gaw and zen hosting
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oceans
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July 19, 2014, 10:29:50 PM |
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If electricity is no problem, getting into mining is easier. There are plenty of miners out that would ROI in a couple months if you don't have to pay for electricity.
I would look around and try to find a miner that is less than $1 g/hash, and it should be profitable within 120 days.
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philipma1957
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'The right to privacy matters'
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July 19, 2014, 10:36:25 PM |
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this is simple buy 2 s-3's and a good psu. it will use 640 watts. it will hash at about 820gh. underclock a tiny bit. freq 212.5 vs stock 218.75 here is a good psu can run it can run 3 s-3's with under clock at freq 212.5 it will pull 975 watts http://www.rakuten.com/prod/evga-supernova-1300-g2-1300w-power-supply-110-v-ac-220-v-ac-input/249973555.htmlI assume you take all responsibilities . for fires, electrocution , gear theft, the university getting mad you burn 1k an hour 24/7. at 10 cents a k-watt that is $ 2.40 a day. I pick this gear since it will reboot after a power outage/switch pools if a pool fails. 1000 watts makes a lot of heat keep that in mind if you choose to run 3 of them. |
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LightningBlade
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July 20, 2014, 07:27:55 AM |
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Since electricity is free, you might as well buy AntMiner s1 cheaply from ebay.
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DrG
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July 20, 2014, 09:28:19 AM |
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If you have no roommates then I guess you could pick up an S3.
If you have roommates I would suggest dropping the whole idea until you get a feel of what your roommate is like.
For the time being, sell you system and buy Bitcoin with it right now.
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Soros Shorts
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July 20, 2014, 09:40:33 PM |
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In a dorm room, I really wouldn't recommend anything more than 500W. Even that may be too much.
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philipma1957
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July 21, 2014, 01:20:45 AM
Last edit: July 21, 2014, 08:53:30 AM by ckolivas |
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In a dorm room running any sort of miner is going to be really loud and hot. Unless your room mate is cool with the miners running 24/7 because the little room is going to get really hot. Plus there is no way to hide this from your room mate because it will sound like a vacuum cleaner. What i would do if you like is to start cloud mining where you buy hashing power and other mine for you in a ware house. PBmining is offering 0.003btc/Gh so people usually break even in about 140day. If you would like to sign up for PBmining could you please sign up under me.
MOD EDIT: LINK REMOVED
ignore this answer. he just gave you his own referral link .. you have free power get the s-3's. if two are too hot , run one sell the other one on ebay. |
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xstr8guy
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July 21, 2014, 04:01:20 AM |
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Wow, how much fun would it be running a hair dryer (or two) in a tiny room with two people trying to sleep and study? The heat and noise would bring so much excitement and joy! And the $2.00 a day that you earn will really help with expenses too.  |
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jjc326
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July 21, 2014, 04:06:55 PM |
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I wonder what university you're attending. Honestly, I would bet soon they will have a policy for this type of thing because it's going to get out of control with people burning so much "free" electricity. It's like how when I was on college, Napster was allowed, and then they started blocking sites like that.
I'd also second the idea of waiting to see what your roommate will be like. Honestly, you'll want to be on good terms with the roommate, so keep open communication about your mining ideas. Especially in the hotter months I would have gotten annoyed if my roommate did something like add an extra heater! And you might be thinking "well that's too bad for the roommate" and I'm saying you want to have fun in college, you want to get along with your roommate, so whatever you mine will NOT be worth it if it pisses off the roommate!
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Muhammed Zakir
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July 21, 2014, 05:59:41 PM |
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Like everybody is saying, ASIC miners produce sounds which will disturb your roommate(if any). If you are buying, then try to buy S3 as it power consumption and bit higher technology. Is there any restrictions on electricity? Did you check about it? Are you sure that, you will not involve in a major problem? The electricity bill will be high when you use ASICs. Make your decision wisely.  Kindly, MZ |
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Kimowa
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July 22, 2014, 09:41:09 AM |
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Do some research before you melt your dorm's power plug. U don't wanna overload it..
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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July 22, 2014, 06:40:08 PM |
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Do some research before you melt your dorm's power plug. U don't wanna overload it..
Simple power fuse check will say most importan things, since i doubt hes thinking about something serious. But OP, keep in ming that there is also noise, heat , and i doubt that "no fee" policy is as shallow as you think, if they found out what ure doing, im pretty safe they will stop you. |
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DrG
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July 23, 2014, 02:08:26 AM |
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Do some research before you melt your dorm's power plug. U don't wanna overload it..
Simple power fuse check will say most importan things, since i doubt hes thinking about something serious. But OP, keep in ming that there is also noise, heat , and i doubt that "no fee" policy is as shallow as you think, if they found out what ure doing, im pretty safe they will stop you. When I went to college I stayed in one of the nicer dorms but some of the older dorms had no AC and the wiring in there was definitely lacking. One of my friends actually melted the wiring with a 2 cubic foot microwave - don't assume dorms have proper modern 12guage wiring and arc fault sockets. |
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xstr8guy
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July 23, 2014, 11:47:23 PM |
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Do some research before you melt your dorm's power plug. U don't wanna overload it..
Simple power fuse check will say most importan things, since i doubt hes thinking about something serious. But OP, keep in ming that there is also noise, heat , and i doubt that "no fee" policy is as shallow as you think, if they found out what ure doing, im pretty safe they will stop you. When I went to college I stayed in one of the nicer dorms but some of the older dorms had no AC and the wiring in there was definitely lacking. One of my friends actually melted the wiring with a 2 cubic foot microwave - don't assume dorms have proper modern 12guage wiring and arc fault sockets. We knowingly throw small children into metal cans (school buses) without seatbelts and send them down the highway. And now I have to worry about out most precious commodity sleeping in poorly-wired tinderboxes? Won't someone think of the children?!  |
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DrG
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July 24, 2014, 09:59:18 AM |
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Do some research before you melt your dorm's power plug. U don't wanna overload it..
Simple power fuse check will say most importan things, since i doubt hes thinking about something serious. But OP, keep in ming that there is also noise, heat , and i doubt that "no fee" policy is as shallow as you think, if they found out what ure doing, im pretty safe they will stop you. When I went to college I stayed in one of the nicer dorms but some of the older dorms had no AC and the wiring in there was definitely lacking. One of my friends actually melted the wiring with a 2 cubic foot microwave - don't assume dorms have proper modern 12guage wiring and arc fault sockets. We knowingly throw small children into metal cans (school buses) without seatbelts and send them down the highway. And now I have to worry about out most precious commodity sleeping in poorly-wired tinderboxes? Won't someone think of the children?! Well this wasn't some historic school from 300 years ago that might have had 150 year old housing - this was UCLA. Rieber Hall, for example, had a fire when I was there because somebody was running a full size fridge, speakers and amplifier, and a TV off of one outlet. That can't have been more than 20A off a 120V line - that's childsplay with ASICs. |
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alh
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July 25, 2014, 06:34:18 AM |
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What says your room-mate won't also bring his/her own ASIC rig? Who gets to use the outlet?
Electricity may appear free, but it isn't.
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Muhammed Zakir
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July 25, 2014, 07:01:46 AM |
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What says your room-mate won't also bring his/her own ASIC rig? Who gets to use the outlet?
Electricity may appear free, but it isn't.
I agree. There wasn't any reply from him. I think he is watching the thread quietly. I don't think his roommate allow to run an ASIC as it has sound which will disturb him. Won't there be any problem in college if the electricity increase a lot? Kindly, MZ |
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