Bitcoin Forum
November 18, 2017, 08:56:00 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: HOME MINER: Lacking products in market.  (Read 2874 times)
troybeags
Member
**
Offline Offline

Activity: 65


View Profile WWW
February 22, 2015, 02:23:12 AM
 #1

Hello all, is it just me or at the moment there seems to be a void in the home mining market. Please correct me if I am wrong, but there doesn't seem to be anything new atm. Also maybe suggest suitable products. SP20 maybe?

Posted From bitcointalk.org Android App

1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
1510995360
Hero Member
*
Offline Offline

Posts: 1510995360

View Profile Personal Message (Offline)

Ignore
1510995360
Reply with quote  #2

1510995360
Report to moderator
TheRealSteve
Hero Member
*****
Offline Offline

Activity: 686

FUN > ROI


View Profile
February 22, 2015, 07:46:51 AM
 #2

See: Bitcoin Forum > Bitcoin > Mining > Mining speculation :: Next consumer model miner
tl;dr: Yes.

Posted from a web browser.

Shazam!!!
Member
**
Offline Offline

Activity: 84

That one Guy!!!


View Profile
February 22, 2015, 12:48:09 PM
 #3

There are only a couple of companies that seem willing to let their sticky fingers drop some
of the technology they are working with. Read through some of the threads on the forum
to get an idea of what you like. There are a lot of people on here that will help you out.
My advice---If it seems to good to be true it is!!! We are still in Q1 and something new
is just around the corner. Goodluck!!!

▲▼ Shazam!!! ▲▼
hedgy73
Legendary
*
Offline Offline

Activity: 1064



View Profile
February 22, 2015, 12:53:15 PM
 #4

There doesn't seem to be any rumours of ground breaking new equipment lately.

I wonder if the latest current most efficient miners like Spondoolies and Bitmain are now reaching the efficiency vs research / production cost / affordability mark.

Biodom
Legendary
*
Offline Offline

Activity: 1414


View Profile
February 22, 2015, 10:05:27 PM
 #5

There doesn't seem to be any rumours of ground breaking new equipment lately.

I wonder if the latest current most efficient miners like Spondoolies and Bitmain are now reaching the efficiency vs research / production cost / affordability mark.

SPT sold out of SP20 and new machine will be 12U/16kw! Not for home, obviously.
We might get S6 from Bitmain.
Snipe85
Sr. Member
****
Offline Offline

Activity: 322



View Profile
February 23, 2015, 12:32:29 AM
 #6

We came to a point where the most cost efficient miners are also incredibly power hungry. It's probably going to look worse for home miners in the future.
Fun ends when you have to hire an electrician to help power your new toy.

philipma1957
Legendary
*
Offline Offline

Activity: 1918


A new tool for prediction https://bitvol.info/


View Profile
February 23, 2015, 11:50:15 PM
 #7

We came to a point where the most cost efficient miners are also incredibly power hungry. It's probably going to look worse for home miners in the future.
Fun ends when you have to hire an electrician to help power your new toy.

I so want miners = space heaters.

It is a viable way to use them.

16 kwatt beasts will kill off bitcoin.

1.5 kwatt space heaters will not.

Just an opinion not a fact.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
alh
Legendary
*
Offline Offline

Activity: 1386


View Profile
February 24, 2015, 05:52:28 AM
 #8

We came to a point where the most cost efficient miners are also incredibly power hungry. It's probably going to look worse for home miners in the future.
Fun ends when you have to hire an electrician to help power your new toy.

I so want miners = space heaters.

It is a viable way to use them.

16 kwatt beasts will kill off bitcoin.

1.5 kwatt space heaters will not.

Just an opinion not a fact.

There's nothing that requires "home mining" for Bitcoin to be viable. I have serious doubts about the long term viability of Bitcoin, but those doubts have nothing to do with my ability to participate in the mining of those Bitcoins.

I completely agree that "16 kwatt beasts" will kill off home mining.
josheche
Newbie
*
Offline Offline

Activity: 3


View Profile
February 25, 2015, 05:19:28 PM
 #9

We came to a point where the most cost efficient miners are also incredibly power hungry. It's probably going to look worse for home miners in the future.
Fun ends when you have to hire an electrician to help power your new toy.

I so want miners = space heaters.

It is a viable way to use them.

16 kwatt beasts will kill off bitcoin.

1.5 kwatt space heaters will not.

Just an opinion not a fact.

There's nothing that requires "home mining" for Bitcoin to be viable. I have serious doubts about the long term viability of Bitcoin, but those doubts have nothing to do with my ability to participate in the mining of those Bitcoins.

I completely agree that "16 kwatt beasts" will kill off home mining.

IMHO, home mining will not be "killed off" rather you will see an explosion in areas of the country where kwh are cheap. I live in Miami, FL and have a property near "Turkey Point" (our nuclear power plant) in Homestead, FL that charges .05 per kwh. Compared to my Miami property where I am charged .11 per kwh. Mining at a power cost below .06 kwh is completely feasible with a 16kW beast. It's about the same cost monthly of a pool heater, the way I look at it.
notlist3d
Legendary
*
Offline Offline

Activity: 1386



View Profile
February 25, 2015, 07:09:12 PM
 #10

We came to a point where the most cost efficient miners are also incredibly power hungry. It's probably going to look worse for home miners in the future.
Fun ends when you have to hire an electrician to help power your new toy.

I so want miners = space heaters.

It is a viable way to use them.

16 kwatt beasts will kill off bitcoin.

1.5 kwatt space heaters will not.

Just an opinion not a fact.

There's nothing that requires "home mining" for Bitcoin to be viable. I have serious doubts about the long term viability of Bitcoin, but those doubts have nothing to do with my ability to participate in the mining of those Bitcoins.

I completely agree that "16 kwatt beasts" will kill off home mining.

It is not required but it was designed to be decentralized.  If we have 3-4 main miner companies doing all mining will be interesting to see what price does.

We will learn alot once next gen comes out.  It is just hard to predict.
alh
Legendary
*
Offline Offline

Activity: 1386


View Profile
February 27, 2015, 12:33:00 AM
 #11

I wonder how much the "centralization" of mining will actually change how things play out. When you think about it, many of the big farms cannot just hoard the Bitcoins they mine. They have salaries, rent, and electricity to pay. They somehow have to dispose of some, maybe a lot, of the Bitcoins they mine. Either they convert to fiat, which means somebody else then has the Bitcoins, or they directly pay their bills in Bitcoin. One way or another, the mined Bitcoins end up the hands of folks that aren't likely miners. Isn't that kinda the point of mining? While I as a miner would like that to be me, in the grand scheme of Bitcoin, does it really matter? I also see little evidence that how centralized the production (i.e. mining) of Bitcoins influences it's price. I expect that the long term value of Bitcoin will be determined by things that have nothing to do with it's production cost. While I have tended to hoard my few coins, it is just a pittance, I am hoping to get a better price. I expect that's true of many of the folks on these boards.
sidehack
Legendary
*
Offline Offline

Activity: 1512

Curmudgeonly hardware guy


View Profile
February 27, 2015, 02:30:35 AM
 #12

One problem with having only a few producers is monopolies and cartels. What if they decide collectively to block transactions from certain services they deem to be competition? If a few entities cover 90% of block generation and you issue a transaction from a service they don't like, it could take a couple hours to get first confirmation. Or they could start screwing with the protocol, or any number of other devious things.

Selling seconds 2Pacs for a friend's med bills - PM for details
Currently in development - 20-120GH USB stick; 700GH 75W pod; 4TH volt-adjustable S1/3/5 upgrade kit
Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
philipma1957
Legendary
*
Offline Offline

Activity: 1918


A new tool for prediction https://bitvol.info/


View Profile
February 28, 2015, 05:12:31 PM
 #13

One problem with having only a few producers is monopolies and cartels. What if they decide collectively to block transactions from certain services they deem to be competition? If a few entities cover 90% of block generation and you issue a transaction from a service they don't like, it could take a couple hours to get first confirmation. Or they could start screwing with the protocol, or any number of other devious things.


I agree with all of the above.

3 to 5 companies doing 90% of the mining will cause death to btc for the above reasons.


BTC is a money substitute for investors.  Once a few companies do all the mining they control all the new transactions.

 How would you want to hold 100,000 coins and not be able to move them because BITFURY held up the block they are in.

If we get to:
 KNC
 BITFURY
 SP-TECH
AVALON
BITMAINTECH
ASICMINER

all self miners and the rest of the world shut out the system dies.

SP-Tech  does have the idea for 5 or 6  people to share a few dozen 16kwatt units in low power areas.

At least it is something. I would want a piece of it maybe. 

Killing off the home miner  is a moron move.  Making the home miner have heater/bitcoin device is viable. All across the world people use this item.


Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Biodom
Legendary
*
Offline Offline

Activity: 1414


View Profile
February 28, 2015, 05:18:26 PM
 #14

One problem with having only a few producers is monopolies and cartels. What if they decide collectively to block transactions from certain services they deem to be competition? If a few entities cover 90% of block generation and you issue a transaction from a service they don't like, it could take a couple hours to get first confirmation. Or they could start screwing with the protocol, or any number of other devious things.


I agree with all of the above.

3 to 5 companies doing 90% of the mining will cause death to btc for the above reasons.


BTC is a money substitute for investors.  Once a few companies do all the mining they control all the new transactions.

 How would you want to hold 100,000 coins and not be able to move them because BITFURY held up the block they are in.

If we get to:
 KNC
 BITFURY
 SP-TECH
AVALON
BITMAINTECH
ASICMINER

all self miners and the rest of the world shut out the system dies.

SP-Tech  does have the idea for 5 or 6  people to share a few dozen 16kwatt units in low power areas.

At least it is something. I would want a piece of it maybe. 

Killing off the home miner  is a moron move.  Making the home miner have heater/bitcoin device is viable. All across the world people use this item.



I posted response to something similar in SPT thread and repost here;

I totally agree. Who would invest in bitcoin knowing that 3-4 monopolists can move the price tenfold down just trying to crush each other. Or, how about making transaction cost moving from 2c to $2? Apple is doing pretty good with mass produced $200-500 devices. We just need to find either second use (heat, of course) or other application (in dual use device).
philipma1957
Legendary
*
Offline Offline

Activity: 1918


A new tool for prediction https://bitvol.info/


View Profile
February 28, 2015, 05:28:41 PM
 #15

One problem with having only a few producers is monopolies and cartels. What if they decide collectively to block transactions from certain services they deem to be competition? If a few entities cover 90% of block generation and you issue a transaction from a service they don't like, it could take a couple hours to get first confirmation. Or they could start screwing with the protocol, or any number of other devious things.


I agree with all of the above.

3 to 5 companies doing 90% of the mining will cause death to btc for the above reasons.


BTC is a money substitute for investors.  Once a few companies do all the mining they control all the new transactions.

 How would you want to hold 100,000 coins and not be able to move them because BITFURY held up the block they are in.

If we get to:
 KNC
 BITFURY
 SP-TECH
AVALON
BITMAINTECH
ASICMINER

all self miners and the rest of the world shut out the system dies.

SP-Tech  does have the idea for 5 or 6  people to share a few dozen 16kwatt units in low power areas.

At least it is something. I would want a piece of it maybe. 

Killing off the home miner  is a moron move.  Making the home miner have heater/bitcoin device is viable. All across the world people use this item.



I posted response to something similar in SPT thread and repost here;

I totally agree. Who would invest in bitcoin knowing that 3-4 monopolists can move the price tenfold down just trying to crush each other. Or, how about making transaction cost moving from 2c to $2? Apple is doing pretty good with mass produced $200-500 devices. We just need to find either second use (heat, of course) or other application (in dual use device).

It is very frustrating  I have been preaching the above for so long.
I live in the northeastern part of the USA New Jersey.
It has been cold real cold for the last few months.  I know of 3 homes that a pipe froze.  Not me my coldest room is 77f why? miners.

The avalon 4.1 is the closest piece of gear to use as a home heater.  It can go as low as 244 watts running 500gh  or up to 700 watts running 1th all very quiet.
     Take out that 20% of the hashrate the little guy the 1th to 20th in a garage guy.
Turn it into 100,000 homes around the world with an avalon 4.1 space heater miner
That would be 50ph on low setting and 100ph on high setting. The item can sell.


Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!