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[dkincaid]

I think the days of home mining and small mining pools are coming to an end. If you cannot add hashing power to match difficulty you are just spinning your wheels. The mining manufacturers need to produce a 20THs miner at 1500w that is affordable for us to buy. This latest round from Ant and Canaan is just a money grab taking advantage of people looking for an answer. If things keep going at the rate they are now my 55THs operation will not be profitable after June 2018. If BTC goes back to $20K it will give me a few more months. If China bans mining the overpriced S9 will be worthless on the resale market. We went from 72 blocks in June to 8 in January you do the math.

Everyone with free electricity mine on! I am searching for answers if anyone has a plan.  

I have been thinking about this same thing for the last couple of months as well. I'm in an even worse place that you with my 27TH hashpower and really not able to add more without a decent investment. With the difficulty increasing as fast as it is and the BTC value leveling off a bit I'll be done mining in the next few months. The question I'm wrestling with now is whether to stop now and sell my miners at a good price on eBay or wait until later this spring to do it and take a chance that I can't get as much for the miners. Either way, I'm a bit sad about it since I've only been mining for about a year and have enjoyed it a lot. I just don't see this being profitable for a small time miner for much longer. I'm wonder what others in our situation are thinking.

Look at the ebay prices. Brand new ones are now selling under 3k. If you have been mining for a year with yours I am not sure how much you think you will make but I doubt it will be a "good price" as you say. Prices are dropping fast from the 6k price point.

well, since I paid <$1500 each for them a good price in my eyes would simply at least recoup that cost. For the time being the 3 of them are netting me >$1,000 per month, so I'm just keeping a close eye on things. I'm not looking for a $3k price point. I was merely responding to the original poster and agreeing that the days of the home miner are numbered and probably coming to an end in 2018.

[fjtropepe]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

[DPoS2]

Just to add fuel to the fire - luck is not something you can control - for every really bad unlucky 500% streak there is eventually a good under 100% streak.
It is just as likely you will have bad luck at another pool as here - in the end Kano does pay more per block.

Finally, there should be more miners coming on soon from those who buying 821s.  Personally, I will be adding about 40TH more soon!

You sound like those guys walking around the Atlantic City boardwalk - the problem is that at least the casino odds & payouts stay the same..  but with mining, luck doesn't even out from one diff change to the next.   It only evens out correctly within that diff change and with this pool you only have a few rolls of the dice between diffs to even it out..

that is what kills small pools..  the need to get more spins on the wheel before a bad 'day' at the track puts you on the street.  
a bad day at a big pool is like two bad months here.  You can recover if it really is one day during a diff cycle... but here that same amount of hashing would span 2-4 diff cycles

Said differently, flipping a coin 1000 times corrects luck a lot more consistently than flipping it 10 times.   Flipping heads instead of tails ten times in a row isn't much of a deal with 1000 flips but is all or nothing with 10 flips.

[bigolin]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

Hop in line big dog!
See my post at 10:09 AM CST

Literally only 9 posts before.

[wavelengthsf]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

[lrowland21093]

You sound like those guys walking around the Atlantic City boardwalk

Ouch - that hurts!  I don't gamble and if I did AC would be the last place I'd want to go!   

- the problem is that at least the casino odds & payouts stay the same..  but with mining, luck doesn't even out from one diff change to the next.   It only evens out correctly within that diff change and with this pool you only have a few rolls of the dice between diffs to even it out..
that is what kills small pools..  the need to get more spins on the wheel before a bad 'day' at the track puts you on the street.   
a bad day at a big pool is like two bad months here.  You can recover if it really is one day during a diff cycle... but here that same amount of hashing would span 2-4 diff cycles

You make a good point - with the difficulty changing a bad run may never really even out.  Nevertheless, I'll stick with Kano since his pool is fair and transparent. 
Bitcoin will go back up eventually and make it all worthwhile and if it doesn't then life goes on - its not like my life savings is tied up in this. 

[fjtropepe]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

Sunshine state   

[bit2255]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

Sunshine state   

Another Sunshine state miner here also - PM me if this gets serious

Mine On!!

[Leonid2806]

how long to wait for action we need to solve this block

[fjtropepe]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

Sunshine state   

Another Sunshine state miner here also - PM me if this gets serious

Mine On!!

Already in the works. I'll send you a PM in a little bit here when I get home.

[rifleman74]

how long to wait for action we need to solve this block

The time is NOW!   CRACK IT!

MINE ON WITH KANO-SAN!

[kano]

...

You keep harping on future speculation and you want to change the Kano website to show speculation data.  The charts and data tables on the Kano web site is about displaying actual historical data; not speculation into the future about things that have not happened.  There's a huge difference.  Like I said, you can use any of the many calculators out there to do all the speculations and all the what-if scenarios you want.

You are wrong. I am not speculating. I am predicting!

But well...  The person I would like to read my comment and to reply with his opinion is Kano

predicting does = speculating with PPLNS, since you cannot predict what will happen.

Carl is saying what I have said before, so yes what he said is correct = my opinion.

Meanwhile
http://tradebtc.net/bitcalc.php

[Waztim]

Lets do the Block Dance, everybody join in... COME ON BLOCK!! MINE-ON WITH KANO-SAN, the BEST Bitcoin Mining Pool on Earth.

[rifleman74]

Lets do the Block Dance, everybody join in... COME ON BLOCK!! MINE-ON WITH KANO-SAN, the BEST Bitcoin Mining Pool on Earth.

WHAT HE SAID!   BTCMINE THE F ON!!!BTC

[heyzeus200]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

Sunshine state   

Another Sunshine state miner here also - PM me if this gets serious

Mine On!!

Sunshine state miner here as well. Currently contributing +/- 100THs and would be interested in this also.

[Pecker]

Gotcha. Well, when you are ready let me know. I am setting up a hosting site for myself and a few other people as we will be able to get power at 0.05 cents per kw if we band together and pull our resources together. I would be interested in picking up a few more units.

What country would this be in? If it were US, I'd be interested.

Sunshine state   

Another Sunshine state miner here also - PM me if this gets serious

Mine On!!

Sunshine state miner here as well. Currently contributing +/- 100THs and would be interested in this also.

I would be interested in this as well...  6 s9 miners

KS, Land of OZ

[Grog!]

...

You keep harping on future speculation and you want to change the Kano website to show speculation data.  The charts and data tables on the Kano web site is about displaying actual historical data; not speculation into the future about things that have not happened.  There's a huge difference.  Like I said, you can use any of the many calculators out there to do all the speculations and all the what-if scenarios you want.

You are wrong. I am not speculating. I am predicting!

But well...  The person I would like to read my comment and to reply with his opinion is Kano

predicting does = speculating with PPLNS, since you cannot predict what will happen.

Carl is saying what I have said before, so yes what he said is correct = my opinion.

Meanwhile
http://tradebtc.net/bitcalc.php

Unbelievable... Ok... I didn't expect any idea of mine to be accepted, but humiliation is not a nice answer. I know where the exit door is, don't bother...

[fjtropepe]

...

You keep harping on future speculation and you want to change the Kano website to show speculation data.  The charts and data tables on the Kano web site is about displaying actual historical data; not speculation into the future about things that have not happened.  There's a huge difference.  Like I said, you can use any of the many calculators out there to do all the speculations and all the what-if scenarios you want.

You are wrong. I am not speculating. I am predicting!

But well...  The person I would like to read my comment and to reply with his opinion is Kano

predicting does = speculating with PPLNS, since you cannot predict what will happen.

Carl is saying what I have said before, so yes what he said is correct = my opinion.

Meanwhile
http://tradebtc.net/bitcalc.php

Unbelievable... Ok... I didn't expect any idea of mine to be accepted, but humiliation is not a nice answer. I know where the exit door is, don't bother...

That was a humiliating answer? What the heck is the world coming to? Man... I think I have a trophy around here somewhere for you. God forbid someone doesn't agree with your point.

[nazzer]

Uh oh... I've hit 5Nd... crack the block!

[Biodom]

You keep harping on future speculation and you want to change the Kano website to show speculation data.  The charts and data tables on the Kano web site are about displaying actual historical data; not speculation into the future about things that have not happened.  There's a huge difference.  Like I said, you can use any of the many calculators out there to do all the speculations and all the what-if scenarios you want.

I actually got it how kano displays things, but it is more amenable for many blocks situation and not very good for a small number of blocks per period.

Example:
imagine that in the first two days of, say, March , we cracked four blocks (instead of expected 0.5-1), then the web site would promptly display a very large luck number (multiple 100 of %), then, hypothetically, we did not hit any until mid April. All this time we would see this abnormally high number of luck through the rest of March and until that April date for the next block, at which point, the luck for April (but not March!) would change to a very low number (only in the example, of course).

Intuitively, it wouldn't be right for comprehension, but from the perspective of calculation, it would be correct:

As I said, it shows the stats for blocks found in January - not the hashing done in January.
The code works as: any block with a date of the month of interest, then it's numbers are included in the calculation for a given month.

[emphsis mine]