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Author Topic: Group Buy for Mining in Chennai  (Read 10864 times)
philiveyjr (OP)
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October 19, 2014, 08:21:01 PM
Last edit: October 19, 2014, 08:31:39 PM by philiveyjr
 #1

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.

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rony_90
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November 09, 2014, 04:28:32 PM
 #2

check ur pm

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Custom-Built ASIC Miners ● #1 Self-Sustainable Bitcoin Mining Service in the World ●
luciferfogg
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November 14, 2014, 12:05:58 AM
 #3

nice to see indians and i am in chennai too Cheesy
alpesh102
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July 06, 2015, 01:30:46 PM
 #4

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.


hey bro. if u dont mind, would u like to tell me how can u get the free electricity?
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July 09, 2015, 05:15:51 AM
 #5

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.


Hi I am in Chennai. I made a mining rig with Raspberry Pi and ASIC miners. I used BFGminer on Raspian Wheezy by following a Youtube Vid.
But after following all instructions I am geting a "Pool setup failed". Is there anything I am missing here?

the BFGminer promts me with URL:
whn i enter details , It asks me for User name and PW.
after that it says " Pool Setup failed.

Is it because of the Port3333, Should I enable it?

I am completely new to this. I just started it as a DIY weekend project and it has bothered me a bit more!!!!
skang
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July 09, 2015, 06:18:13 PM
 #6

Try this change in src/libblkmaker/base58.c around line 120


"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
shahadil
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July 09, 2015, 08:03:25 PM
 #7

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.


Okay, so how many rigs can you support. is the electricity going to remain free forever. your house will have a connected load. what is it. you dont want to overload the circuit and burn down the house. do you have a spare room in your house. there will be a lot of noise, and heat as well.
Miner Sales
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July 20, 2015, 03:00:25 AM
 #8

Hey,

does anyone if there are any custom duties while importing miners to Pakistan and India?!
shahadil
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July 20, 2015, 07:17:39 AM
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Hey,

does anyone if there are any custom duties while importing miners to Pakistan and India?!

yes custom duty applies while importing to india.
baristor
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August 02, 2015, 03:33:51 PM
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I would be interested in this if people wanna join in and maybe start a mining warehouse in chennai Smiley
kdhilip75
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August 24, 2015, 09:10:23 PM
 #11

I am from chennai and i am also interested in minning i can also join in minning the coins, give me the details of how much the investment will be and what will be the roll , and how are we going to share the profit. Smiley
Ikka
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August 25, 2015, 06:49:11 PM
 #12

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.
skang
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August 26, 2015, 01:11:19 AM
 #13

How do you have free elec?

"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
VCoinTech
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August 27, 2015, 03:58:17 PM
 #14

Hey Guys, I am fairly new to bitcoins, just joined the train in 2014. The difficulty in mining has gone up a lot in the past couple of years, and the ROI is not significant, primarily because of the electricity cost and the expenses to purchase the mining rigs. However, I have free electricity at my house, and was thinking of starting a group buy sort of thing, to collectively buy a mining rig and mine bitcoins. I am based in Chennai. So if any one from Bangalore-Chennai area might be interested in running a mining rig, or share the cost of mining rigs, I would be happy to help.

How much is the connected load? I mean how much load of electricity is available with you? In HP or KV?
VRM
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August 30, 2015, 07:37:00 AM
 #15

Hey guys i am from coimbatore i like to start community based cloud mining farm.
May be we can help each other
zeepavaloye
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December 23, 2015, 12:07:01 PM
 #16

just share what is your plan ?
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