New Miner

[pisto1wf1]

Hi All

I am a newbie miner and I was thinking of pre ordering  the new Antminer S3+ along with the PSU below (600 watt model)

http://www.amazon.com/Corsair-Series-Modular-Bronze-ATX12V/dp/B00ALK3KEM/ref=pd_bxgy_pc_text_y

Any thoughts?

Thanks
pisto1wf1

[cloverme]

The antminer s3 is a good place to start for sure.

In my experience, the evga power supplies have worked better for my mining farm with thermaltake taking 2nd place. If you are going to get the Antminer S3+, consider getting a higher wattage PS, so you can run more than 1 antminer on that power supply.  I run 3 antminer S3's on a EVGA G2 1300W power supply.

That way you can grow your farm over time...

[pisto1wf1]

Would the corsair 750W be sufficient to run 2 antminer S3+ or it's quite close to it's limits? (just wondering if the PSU will be sufficient if I decide to get a 2 ANTMINER S3+ )

[cloverme]

Would the corsair 750W be sufficient to run 2 antminer S3+ or it's quite close to it's limits? (just wondering if the PSU will be sufficient if I decide to get a 2 ANTMINER S3+ )

It's probably pretty close to the limit on that with running two, your mileage may vary though.  You wouldn't be able to overclock them though for sure.

[lowbander80]

S3 is a good buy will not regret it, you set it and forget it
no so powerfull off-course but currently I would call best buy

[pisto1wf1]

Thanks Guys

I will buy them via http://www.112bit.com/ . Has anyone bought any kit via this page?

Also looking at the pools it seems that there are lots of pools you can join. Any personal recommendation? (I would assume we want a pool that is stable and has small fees). How about https://bitcointalk.org/index.php?topic=763510.0?

[toinew]

I cant believe no one tell the OP that he will lose money

but of course it seems people in this thread want to sell their useless s3 so they don't tell op that its actually broken, and that OP will only throw his money away.


Anyway OP, if you buy the S3, you will lose money, so you know, you'd better give this money to charity or something, instead of feeding ANTMAIN  manufacturer that is mining against you.

seriously

[pisto1wf1]

Thanks for the feedback

Why do you believe s3 is "useless"? Can you provide a better ASIC device?

[jonnybravo0311]

Thanks for the feedback

Why do you believe s3 is "useless"? Can you provide a better ASIC device?

Because most every mining calculator predicts that you will never mine enough coins with the S3 to make a profit.  Ultimately it's your call on what you wish to do; however, most would advise you to take the money you were going to spend on a miner and use it instead to buy BTC directly and hold.

[pisto1wf1]

an S3+ will hash at 453Gh/s so according to the calculator below (exchange rate 467.33US to bitcoin)

https://alloscomp.com/bitcoin/calculator

it will make sense (not sure how much you can trust bitcoin calculators though)

[jonnybravo0311]

an S3+ will hash at 453Gh/s so according to the calculator below (exchange rate 467.33US to bitcoin)

https://alloscomp.com/bitcoin/calculator

it will make sense (not sure how much you can trust bitcoin calculators though)

Except the S3+ is not available to start right now.  You have to take into account the fact that you won't get it until sometime after the 20th of this month.

[Bitcoin Foundation.]

I would just buy the coins outright at this point in the game.

[DrG]

an S3+ will hash at 453Gh/s so according to the calculator below (exchange rate 467.33US to bitcoin)

https://alloscomp.com/bitcoin/calculator

it will make sense (not sure how much you can trust bitcoin calculators though)

Calculators can be trusted since they are simply math equations.  It's the assumptions the calculators make.  You won't make a profit with an S3+ unless difficulty stops going up essentially.  The next increase is going to be about 14%.  At that rate you will only make back 60% of your investment with moderate electricity rates.

[crocko]

An ASIC it is not a magic box who can spill out digital currency and make you rich in couple months.
Look at the price of the Bitcoin too, the BTC market it is the most volatile market.
If you are not ready to spend (=to risk) couple thousands and buy some hashing power of TH/s magnitude, better consider to purchase directly Bitcoins.
The safest investment ever.

[leozzo]

When you will get the item shipped it will be old.
When they build your S3+ before ship it to you they will probably use it to mine for themself until is profitable and after this time they will send it to you.

[Morguk]

Personally I'd go cloud, but if that's not your thing go for it!