Hello, BACK INTO MINING BABY!

[stopthe_bomb]

one more question... will I be able to switch from mining bitcoins to some other alternative currency with T-110?

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[notlist3d]

one more question... will I be able to switch from mining bitcoins to some other alternative currency with T-110?

If it is sha-256 yes, but it won't be able to do scrypt. 

[raskul]

one more question... will I be able to switch from mining bitcoins to some other alternative currency with T-110?

I very much doubt that you would want to, but yes SHA256d coins. As any SHA256 asic device will let you do.

[raskul]

Add; are we sure that bit crane are legit?

[spazzdla]

I am a Bitmain guy.  Four S1's and 2 S'3s have all done me quite well.

[notlist3d]

Add; are we sure that bit crane are legit?

At one time they were, just expensive.  It's been a while since ive seen someone talk about purchasing them till this.

It would not have been my first choice in companies.  But I guess to each his own.

[mike9]

Hi guys, I used to mine btc a couple years back with my radeon cards, but that got old quick, so I decided to take a plunge for the back Friday sales. I decided to pick this baby up   "BitCrane T-110S 1 Th/s Ultra-Silent BitCoin Mining System"

So it does 1Th/s. How long would it take to mine 1 single BTC (in a decent pool, I need some help with this though, can somoene point me in the right direction with a good pool? Thanks!)?

Im basically just looking for some basic info about it, as I've been out of the business for a while... Thanks fellas!

And also, did I make a good purchase or was this a stupid waste? haha

80 days.

It'll take you about 80 days to mine 1 BTC with your T110s on Eligius.st.  I'm a few weeks ahead of you, I bought two T110s mid-November - when they dropped from $1299 to $998 - even in the face of all the "don't mine" wisdom.  So you are already doing better than me with your Black Friday purchase.  With two of these, I get about 0.01 BTC every four days.  Setup is a breeze, from signing for the parcel delivery to mining can be done in minutes.

I did however purchase two SP20's on Cyber Monday, rather than adding more T110's.  More power (hashing, less electrical), more flexibility. Now, the only thing between me and SP3X's is wrapping my head around DGM pool and miner rental strategies - and 220V power accommodations.  

[huffdaddy5]

I just started mining 2 weeks ago. I now have 3 antminer s4's and I recently purchased an SP20 which will bring me up to 7.7TH's. If you really have free electric(I pay $0.095/Kw), you should be shopping for the best bang for your buck (GHs/$).

https://en.bitcoin.it/wiki/Mining_Hardware_Comparison

Although it's not the most up to date it shows a quick overview of most of the miners available. I tend to look at GHs/Watt, but you should really focus on GHs/$$, but also pay attention to how many watts the device uses per PSU because you'll still need proper electrical wiring and circuit breakers to support these ASIC beasts. For example if you only have a 15amp breaker you'll only be running 1 S4 or SP20 because they easily pool 1300-1400W on a breaker rated for 1650W(110V). As you begin to expand you'll start to realize you'll have to upgrade your electrical wiring to accomodate ASICs in a residential environment.

Antminer S4 ($1200 + $160 shipping) = 2000GH/s/$1360 = 1.47GH/s/$

Spondoolies SP20 ($695 + $119 shipping + $150 1300W PSU) = 1700TH/s/$964 = 1.76GH/s/$
(cyber monday price still available for SP20...$695)

If you can talk someone into giving you a $400 Antminer S4 coupon(Expires 12/15) then the pricing shifts back in favor of the S4 like so...
Antminer S4 ($1200 - $400 + $160 shipping) = 2000GH/s/$960 = 2.08GH/s/$

As far as usability the ASICs are very easy to setup. The S4 requires you to only have to plug in the power cable (14AWG gauge recommended and not included) and a network cable and then remote into the unit from your home network, setup your pool settings and your off and running in minutes.

I've not used the SP20 yet, but I assume its similar, except that I will have to plug an external PSU to the SP20 to give it power. I bought a Rosewill Lightning-1300 1300W 80 PLUS Gold PSU from Newegg for $182 to power the SP20. (P.S. you can pay with bitcoin on Newegg now!)

Hope this helps.

[raskul]

you will also find the underclocking capabilities of the Sp-Tech rigs, second to none.
just realised that my best performing SP10 which has been running since April is doing > 1.3TH/s pulling only 833w
top one is the best SP10, then 2 S3's, then another SP10.

[GigaBit]

Welcome back to the cool clan! 

To answer your question, today, it would take you 72.32 days to make 1 BTC without any power expenses, according to CoinWarz...

You also have to factor pool luck and if you pay fees.

Happy Hashing!