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Author Topic: are s1's even worth running?  (Read 2644 times)
testerman
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October 07, 2014, 07:30:01 AM
 #21

neither s1 nor s3 and nor s4 is profitable right now.  and even if you have free power ($1250 for S4+$270 for customs+shipping) = 0.0023 btc/ghs will not roi.. that means you will not mine 0.0023btc/ghs in one year with these difficulty levels. if you think btc will rise in time, then just buy btc and hold it..

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timk225
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October 09, 2014, 03:08:11 AM
 #22

I'll take the S1's for the price of .....  FREE!  That's all they are worth.  I will pay for shipping though, just to be generous.
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October 09, 2014, 09:34:27 AM
 #23

The best way to run outdated or non profitable miners is to run them solo there is a pool from ckolivas
as well.
If you get lucky you are rewarded
I run there all my small scale have to say miners like USB
They are turned on when the computer is also on and close when I leave.
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October 09, 2014, 02:16:00 PM
 #24

if you are paying less than .08 a kilowatt yes. 

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wilth1
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October 09, 2014, 04:32:32 PM
 #25

Still running S1s overclocked that have long since earned their expense.
eoakland
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October 09, 2014, 05:29:30 PM
 #26

Still running S1s overclocked that have long since earned their expense.

how much are you paying for electricity ?

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GigaBit
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October 10, 2014, 12:36:28 PM
 #27

Keep in mind, you are paid in Bitcoin, not in cash.

Your pay is dependent on the price of Bitcoin, or, whatever people are wiling to pay for it.

I still run mine despite a gross strain but still make good coin, I have 8 running and make a half decent amount of coin.

If you run them free them it's no big deal, if the price of Bitcoin was $10,000 then you wouldn't be asking this question Wink

I run them because I think they look bad-a$$ and they heat my basement, which means I save on heat =D

NOTE: Keep in mind, you are paid in Bitcoin when you mine Bitcoin, you get cash when you trade your coin.


-I'd rather be mining
cat2
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October 10, 2014, 04:40:59 PM
 #28

Unfortunately My power isn't free and the utility company in L.A. raised rates not very long ago. The city council votes to approve or disapprove utility rate hikes because it is a city owned utility. They get 10% of what the utility company charges so although they grumble over rate hikes for the sake of their voters, they never saw a rate hike they didn't love. My S1s cost more for electricity than they make in BTC.

Even under volted they are close to breakeven. I'd love to hoard the coin but cant afford the power. Even at breakeven it's like borrowing money that I have to pay back when the power bill arrives.

My S1's are off.

My S3's are making a minimal profit vs. power costs and I keep them running because I enjoy mining in general but I'm not purchasing BTC mining hardware anymore. I have to sell what I mine to pay for the power. I dont mind selling because it's my small contribution to keeping downward pressure on the price of BTC.

I hope the BTC price keeps dropping until the industrial miners fold, difficulty drops and home mining is viable again.

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xstr8guy
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October 10, 2014, 11:03:20 PM
 #29

Unfortunately My power isn't free and the utility company in L.A. raised rates not very long ago. The city council votes to approve or disapprove utility rate hikes because it is a city owned utility. They get 10% of what the utility company charges so although they grumble over rate hikes for the sake of their voters, they never saw a rate hike they didn't love. My S1s cost more for electricity than they make in BTC.

Even under volted they are close to breakeven. I'd love to hoard the coin but cant afford the power. Even at breakeven it's like borrowing money that I have to pay back when the power bill arrives.

My S1's are off.

My S3's are making a minimal profit vs. power costs and I keep them running because I enjoy mining in general but I'm not purchasing BTC mining hardware anymore. I have to sell what I mine to pay for the power. I dont mind selling because it's my small contribution to keeping downward pressure on the price of BTC.

I hope the BTC price keeps dropping until the industrial miners fold, difficulty drops and home mining is viable again.

Home miners will be long gone before industrial miners fold.
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October 11, 2014, 12:07:46 AM
 #30

I must confess, I indulge in cloud mining. Every time I buy a contract or a hashlet it funds more hardware for the industrial miners. Fear you're right and the industrial miners are here to stay. Cloud mining takes all the struggle (fun) out of mining.  Sad

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snowcrawl
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October 11, 2014, 12:46:54 AM
 #31

What we've had to learn the hard way is that home mining involves spending hundreds to thousands of dollars in order to get the opportunity to get back something that will fill your piggybank each week, enabling you to make small purchases, like of a bag of candy for Halloween.
wilth1
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October 11, 2014, 03:51:44 PM
 #32

Running costs aside,

S1 (oc)$.15/GH/s
S1 (uc)$.214/GH/s
S2$.40/GH/s
S3+$.453/GH/s
S4$.65/GH/s Grin Grin Grin
Prisma$.333/GH/s
SP31 "new"$.713/GH/s Grin Grin Grin Grin Grin Grin
Neptune "used"$.484/GH/s

S1s look more like core2duos than cubes
unrealistic
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October 11, 2014, 07:22:30 PM
 #33

So are you saying that S1 is more efficient than S3 and S4 ?
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