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[Jethroz]

At $0.02 per KW, you are profiting on average $320.00 per month for each S7

You have to recoup your initial "investment" (purchase price of hardware + psu) before you see any profit.  Even with 2 cent power (which is rare in and of itself) you won't see profit for over a year. That's why I mention ROI even at low power rates.  New hardware purchased at retail price just doesn't make any sense right now.

Not necessarily.  If you plan on selling the machine, say at half price, you more or less get back your initial investment back at that point.  And PSUs.... I reuse what I can,  but that's assume you're replacing/upgrading capacity, not adding.

Anyways... my plan is to mine for 6 months, and then see what a used S7 will go for.  If I can replace all my miners with a single S7, that's a win, too! 

I'm just a hobby guy, though.  This is not my day job.  Everyone's circumstances are different...

That was my train of thought also. I have my little 'hobby mine' of 2xS3 and an S5 running around 1.8TH avg at just under 1200W. Once the used S7 machines start to hit the marketplace, hopefully at sub $1k prices, I should be able to more than double my hash for the same amount of power. Any amount I can get from reselling the S3/5 machines will help offset the upgrade.

That's also assuming a used market develops for the S7 in 4-6 months. Next week's new technology could turn into vaporware or unobtanium and the S7s will dominate through the halving. Then again, new tech (SP50, et al) could transition the mining game into more co-op operations, even at the hobby level.

[PPOC]

At $0.02 per KW, you are profiting on average $320.00 per month for each S7

You have to recoup your initial "investment" (purchase price of hardware + psu) before you see any profit.  Even with 2 cent power (which is rare in and of itself) you won't see profit for over a year. That's why I mention ROI even at low power rates.  New hardware purchased at retail price just doesn't make any sense right now.

Not necessarily.  If you plan on selling the machine, say at half price, you more or less get back your initial investment back at that point.  And PSUs.... I reuse what I can,  but that's assume you're replacing/upgrading capacity, not adding.

Anyways... my plan is to mine for 6 months, and then see what a used S7 will go for.  If I can replace all my miners with a single S7, that's a win, too! 

I'm just a hobby guy, though.  This is not my day job.  Everyone's circumstances are different...

That was my train of thought also. I have my little 'hobby mine' of 2xS3 and an S5 running around 1.8TH avg at just under 1200W. Once the used S7 machines start to hit the marketplace, hopefully at sub $1k prices, I should be able to more than double my hash for the same amount of power. Any amount I can get from reselling the S3/5 machines will help offset the upgrade.

That's also assuming a used market develops for the S7 in 4-6 months. Next week's new technology could turn into vaporware or unobtanium and the S7s will dominate through the halving. Then again, new tech (SP50, et al) could transition the mining game into more co-op operations, even at the hobby level.

It's nice to see Spondoolie selling something, at least it's not just Bitmain that we have access to. They make great hardware. I had an SP31, never an issue. Funny thing is I bought it used for 1200, mined for 5 months and sold it for 2k. Sure I'll never make out like that again. Took that money and ordered a s7. But this sp50 is a co-op machine for sure, unless your a huge farm in China, Venezuela or Greenland. Still waiting to find out the price of it. But they should use the same .15j chips and make a 5, 10 or 15th box for the average joe unless one takes out a second mortgage and uses 80% of a standard 200amp main at your house:)

[PPOC]

At $0.02 per KW, you are profiting on average $320.00 per month for each S7

You have to recoup your initial "investment" (purchase price of hardware + psu) before you see any profit.  Even with 2 cent power (which is rare in and of itself) you won't see profit for over a year. That's why I mention ROI even at low power rates.  New hardware purchased at retail price just doesn't make any sense right now.

Not necessarily.  If you plan on selling the machine, say at half price, you more or less get back your initial investment back at that point.  And PSUs.... I reuse what I can,  but that's assume you're replacing/upgrading capacity, not adding.

Anyways... my plan is to mine for 6 months, and then see what a used S7 will go for.  If I can replace all my miners with a single S7, that's a win, too! 

I'm just a hobby guy, though.  This is not my day job.  Everyone's circumstances are different...

That was my train of thought also. I have my little 'hobby mine' of 2xS3 and an S5 running around 1.8TH avg at just under 1200W. Once the used S7 machines start to hit the marketplace, hopefully at sub $1k prices, I should be able to more than double my hash for the same amount of power. Any amount I can get from reselling the S3/5 machines will help offset the upgrade.

That's also assuming a used market develops for the S7 in 4-6 months. Next week's new technology could turn into vaporware or unobtanium and the S7s will dominate through the halving. Then again, new tech (SP50, et al) could transition the mining game into more co-op operations, even at the hobby level.

It's nice to see Spondoolie selling something, at least it's not just Bitmain that we have access to. They make great hardware. I had an SP31, never an issue. Funny thing is I bought it used for 1200, mined for 5 months and sold it for 2k. Sure I'll never make out like that again. Took that money and ordered a s7. But this sp50 is a co-op machine for sure, unless your a huge farm in China, Venezuela or Greenland. Still waiting to find out the price of it. But they should use the same .15j chips and make a 5, 10 or 15th box for the average joe unless one takes out a second mortgage and uses 80% of a standard 200amp main at your house:)

Just got this email from Spondoolie
Thank you for your email and your interest in the SP50. We are excited and proud to unveil our next generation machine as a breakthrough product for industrial mining.

With its extremely low power consumption and modular design the SP50 has been specifically designed for maximum power efficiency and ease of management.

Initially the SP50 will be offered in limited quantities only to a select group of customers. As we scale up production we hope to offer the SP50 to a wider market. At that time we will publish pricing and shipping terms.

We thank you for your interest in the SP50 and look forward to working with you.

Regards,

Barbara

[p3yot33at3r]

Hi kano,

I have a couple of miners pointed at your pool using a btc address only, but they are currently showing up as dead. I have tried using port 443 also, but with the same result. I see by the previous post that there have been some connection problems - are they still ongoing?

Thanks.

[carlosmnk]

Hi kano,

I have a couple of miners pointed at your pool using a btc address only, but they are currently showing up as dead. I have tried using port 443 also, but with the same result. I see by the previous post that there have been some connection problems - are they still ongoing?

Thanks.

My miners are hashing:


stratum+tcp://stratum.kano.is:3333 - mnkteam.ams5a - Alive

[kano]

Hi kano,

I have a couple of miners pointed at your pool using a btc address only, but they are currently showing up as dead. I have tried using port 443 also, but with the same result. I see by the previous post that there have been some connection problems - are they still ongoing?

Thanks.

Nope, the problems were solved back then.
You'd have to PM me your BTC or IP address to see if I can spot what's happening at the pool.

[p3yot33at3r]

PM sent 

[kano]

Payout 375816 sent
3410a30b33bc47825b6790b2b097c379807fb053c62b26566c6b5067465fcb20
and confirmed

[WBF1]

Welp, after some repairs and some adjustments, I'm back. Lower hashrate but more efficient. Now let's get some more green on the block table.

[Mikestang]

Payout 375816 sent
3410a30b33bc47825b6790b2b097c379807fb053c62b26566c6b5067465fcb20
and confirmed

Received my first 3 payments from 2 of my gekkoscience compacs mining with "free" electricity.  It's fun that they can earn back some of the btc I spent purchasing them.  Only 597 blocks to go before 1 has paid for itself, lol.

[kano]

PM sent  

Oh also I thought of another thing a bit later:
You should give your miners worker names, so it's easier to see which ones are connecting and disconnecting.
e.g.
1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb.AntS9-156
1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb.AntS9-213
(using your address of course ...)

Then when they connect, the logs will show which one is doing what
... and 'when' you find a block, the block table will say which one found it

[kano]

Payout 375816 sent
3410a30b33bc47825b6790b2b097c379807fb053c62b26566c6b5067465fcb20
and confirmed

Received my first 3 payments from 2 of my gekkoscience compacs mining with "free" electricity.  It's fun that they can earn back some of the btc I spent purchasing them.  Only 597 blocks to go before 1 has paid for itself, lol.

Well don't forget 'the reward goes up' each block for the first 5Nd (about 7 days) as you add more shares into the 5Nd range.
So if you've only been mining for e.g. 2 days, you'd expect your block reward to go up to 3.5 times the last reward by the end of 7 days.

[Mikestang]

Received my first 3 payments from 2 of my gekkoscience compacs mining with "free" electricity.  It's fun that they can earn back some of the btc I spent purchasing them.  Only 597 blocks to go before 1 has paid for itself, lol.

Well don't forget 'the reward goes up' each block for the first 5Nd (about 7 days) as you add more shares into the 5Nd range.
So if you've only been mining for e.g. 2 days, you'd expect your block reward to go up to 3.5 times the last reward by the end of 7 days.

Oh yea, I am aware and expect my payments to go up a little, but I know usb sticks really won't ROI, but it's fun to have them here micro-earning with no electricity cost.
 

[carlosmnk]

Received my first 3 payments from 2 of my gekkoscience compacs mining with "free" electricity.  It's fun that they can earn back some of the btc I spent purchasing them.  Only 597 blocks to go before 1 has paid for itself, lol.

Well don't forget 'the reward goes up' each block for the first 5Nd (about 7 days) as you add more shares into the 5Nd range.
So if you've only been mining for e.g. 2 days, you'd expect your block reward to go up to 3.5 times the last reward by the end of 7 days.

Oh yea, I am aware and expect my payments to go up a little, but I know usb sticks really won't ROI, but it's fun to have them here micro-earning with no electricity cost.
 

No electricity cost if you use it out of your house (or somewhere you don't pay the electric bill  )

[gecox22]

Received my first 3 payments from 2 of my gekkoscience compacs mining with "free" electricity.  It's fun that they can earn back some of the btc I spent purchasing them.  Only 597 blocks to go before 1 has paid for itself, lol.

Well don't forget 'the reward goes up' each block for the first 5Nd (about 7 days) as you add more shares into the 5Nd range.
So if you've only been mining for e.g. 2 days, you'd expect your block reward to go up to 3.5 times the last reward by the end of 7 days.

Oh yea, I am aware and expect my payments to go up a little, but I know usb sticks really won't ROI, but it's fun to have them here micro-earning with no electricity cost.
 

No electricity cost if you use it out of your house (or somewhere you don't pay the electric bill  )

All My miners run on free electricity, the cool thing is, I started with faucets and earn enough for my first s1 and with that and faucet's made enough for my first s3 then my second and now just purchased my third s3 all from mining and no pocket cash. GOD I love this hobby.. I need to stop buying s'3 and save up for s5's now that the s7 is out.

[gecox22]

I think I keep my hardware pretty well maintained. I take them down about every two weeks and clean the fin's check for oil from thermo paste. Just more maintenace for me. But with temps like these think I should over clock them to make out the hash since my power is free? Or would I be shorting the life span of the units?
First off after noticing I should probably update the second ones software to match my first one since my first one seems to be running better.

[kano]

Nah you should be using real miner software - not that crappy bitmain fork
https://github.com/kanoi/cgminer-binaries/tree/master/AntS3

[PPOC]

I think I keep my hardware pretty well maintained. I take them down about every two weeks and clean the fin's check for oil from thermo paste. Just more maintenace for me. But with temps like these think I should over clock them to make out the hash since my power is free? Or would I be shorting the life span of the units?
First off after noticing I should probably update the second ones software to match my first one since my first one seems to be running better.

I have most of my s5's OC to 400 and do about 1.3th with low errors. But look at you second box and the hw errors are 10 times the other unit. Probably explains the lower hash in the 420 range you are getting. The other unit can probably go to 275, but you will need to make sure all 4 pcie's are plugged in and giving the box at 500 watts. Usually you can use one 750w psu on 2 s3's, but not if you OC.

[gecox22]

Nah you should be using real miner software - not that crappy bitmain fork
https://github.com/kanoi/cgminer-binaries/tree/master/AntS3

How do I download it? I dont see a download link. Once downloaded do I just update the firmware Like I did my last miner through the flash new firmware?

[/quote]

I have most of my s5's OC to 400 and do about 1.3th with low errors. But look at you second box and the hw errors are 10 times the other unit. Probably explains the lower hash in the 420 range you are getting. The other unit can probably go to 275, but you will need to make sure all 4 pcie's are plugged in and giving the box at 500 watts. Usually you can use one 750w psu on 2 s3's, but not if you OC.
[/quote]

I noticed that just a little while ago. I received a new hash board from bitmain but forgot to update the firmware before changing the freq. Once I update it should follow my other one.

I am running both off a 1200 watt server power supply I have a extra for spare I was going to use for the new s3 I am getting next week. Just bought it today. I could buy a third and over clock all of them. at 12 bucks they are cheap.

[kano]

Nah you should be using real miner software - not that crappy bitmain fork
https://github.com/kanoi/cgminer-binaries/tree/master/AntS3

How do I download it? I dont see a download link. Once downloaded do I just update the firmware Like I did my last miner through the flash new firmware?

...

Just follow the instructions, it's not a firmware, it's an update to any firmware (replaces a few files)