[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 275.

klondike_bar

legendary

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ASIC Wannabe

Quote from: philipma1957 on November 25, 2014, 02:02:27 PM

many people don't understand the many pluses of home mining, but as time goes on and the network grows we will get squeezed out due to power limits.

this is true only if difficulty growth continues to outpace Bitcoin price. If the Bitcoin priced moved to $750 (+100%) in the short-term while difficulty only grows +50% then there will be two effects:
1) mining at higher power draws or with >1w/GH equipment will immediately be profitable to run for most people, even if electricity is ~$0.28/kwh or more
2) miner prices are cheaper because what now costs 1BTC ($375) to build and ship will only be 0.5BTC or less

granted - I expect that almost all but hobby mining will be centralized very soon, wherever electricity is cheap or cool air is abundant. That's just a natural outcome as Bitcoin becomes a competitive technology and companies like Bitfury intend to operate over 100MW of equipment

raskul

sr. member

Activity: 434

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Quote from: Tupsu on November 25, 2014, 05:34:21 PM

Quote from: Mabsark on November 25, 2014, 05:24:44 PM

Does that actually make sense in your head? 0.24 $/kWh is my electricity cost, not AM's. What I compared was how much it would cost me to run an SP20, compared to the maintenance fees for AMHash. Despite your protestations to the contrary, that is an apple to apples comparison.

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

If someone pays only 0.1 $/kWh, it will be cheaper than AMHash's maintenance fee.

That's actually more than i pay. And the electric phase in my mining hut is being upgraded this week 😵

Tupsu

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Activity: 1218

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Quote from: Mabsark on November 25, 2014, 05:24:44 PM

Does that actually make sense in your head? 0.24 $/kWh is my electricity cost, not AM's. What I compared was how much it would cost me to run an SP20, compared to the maintenance fees for AMHash. Despite your protestations to the contrary, that is an apple to apples comparison.

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

If someone pays only 0.1 $/kWh, it will be cheaper than AMHash's maintenance fee.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: RoadStress on November 25, 2014, 04:48:16 PM

Quote from: stan258 on November 25, 2014, 04:42:42 PM

Quote from: Mabsark on November 25, 2014, 04:15:49 PM

My math isn't wrong. I actually pay 0.24 $/kWh (to 2 s.f.) for my electricity.

.24 cents heart breaking. AM is not in my good list right now. Should all get lumps of coal for Christmas.

No no. AM is paying much less than .24$/kWh. Mabsark just likes to compare apples with oranges all the time.

Does that actually make sense in your head? 0.24 $/kWh is my electricity cost, not AM's. What I compared was how much it would cost me to run an SP20, compared to the maintenance fees for AMHash. Despite your protestations to the contrary, that is an apple to apples comparison.

stan258

sr. member

Activity: 440

Merit: 250

Quote from: RoadStress on November 25, 2014, 04:48:16 PM

Quote from: stan258 on November 25, 2014, 04:42:42 PM

Quote from: Mabsark on November 25, 2014, 04:15:49 PM

My math isn't wrong. I actually pay 0.24 $/kWh (to 2 s.f.) for my electricity.

.24 cents heart breaking. AM is not in my good list right now. Should all get lumps of coal for Christmas.

No no. AM is paying much less than .24$/kWh. Mabsark just likes to compare apples with oranges all the time.

Should compare the Prisma to the SP 20. SP 20 up and hashing in 2 mins. Prisma set up slightly a disaster of several kinds. Oh they also gave me nice jet stream of pure hot Piss airflow and I needed ear plugs to work around them. Sold Prismas at a loss with full disclosure to the buyer.

RoadStress

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Activity: 1904

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Quote from: stan258 on November 25, 2014, 04:42:42 PM

Quote from: Mabsark on November 25, 2014, 04:15:49 PM

My math isn't wrong. I actually pay 0.24 $/kWh (to 2 s.f.) for my electricity.

.24 cents heart breaking. AM is not in my good list right now. Should all get lumps of coal for Christmas.

No no. AM is paying much less than .24$/kWh. Mabsark just likes to compare apples with oranges all the time.

stan258

sr. member

Activity: 440

Merit: 250

Quote from: Mabsark on November 25, 2014, 04:15:49 PM

Quote from: Tupsu on November 25, 2014, 03:27:33 PM

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Quote from: raskul on November 25, 2014, 01:15:07 PM

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

Your math is wrong. I pay 0.1 euros per kilowatt-hour in EU. This makes for 1200W 2.88EUR per day
Your math $0.0039 per Gh/s per day 0.0039x1700=6,63$ This makes it 0,22$ per Kw/h

My math isn't wrong. I actually pay 0.24 $/kWh (to 2 s.f.) for my electricity.

.24 cents heart breaking. AM is not in my good list right now. Should all get lumps of coal for Christmas.

pak13

member

Activity: 112

Merit: 10

Quote from: Zelek Uther on November 25, 2014, 01:39:29 PM

Quote from: raskul on November 25, 2014, 01:15:07 PM

Quote from: Mabsark on November 25, 2014, 01:06:23 PM

Here's some quotes from Guy:

Quote

Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote

We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.

Also, home mining in winter helps reduce your home heating bill. That's an added benefit if you are going to pay for that heating energy anyway.

Cloud mining won't be around for much longer. If it was purely profitable they wouldn't be trying to get extra profit by on-selling the product. Cloud mining is just another way for those companies to make more profit. If it costs you too much to mine due to power, have it hosted somewhere cheap you can trust. As pointed out also, heating costs can be greatly offset with home mining.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: Tupsu on November 25, 2014, 03:27:33 PM

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Quote from: raskul on November 25, 2014, 01:15:07 PM

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

Your math is wrong. I pay 0.1 euros per kilowatt-hour in EU. This makes for 1200W 2.88EUR per day
Your math $0.0039 per Gh/s per day 0.0039x1700=6,63$ This makes it 0,22$ per Kw/h

My math isn't wrong. I actually pay 0.24 $/kWh (to 2 s.f.) for my electricity.

Tupsu

legendary

Activity: 1218

Merit: 1003

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Quote from: raskul on November 25, 2014, 01:15:07 PM

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

Your math is wrong. I pay 0.1 euros per kilowatt-hour in EU. This makes for 1200W 2.88EUR per day
Your math $0.0039 per Gh/s per day 0.0039x1700=6,63$ This makes it 0,22$ per Kw/h

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Mabsark on November 25, 2014, 03:08:34 PM

Quote from: raskul on November 25, 2014, 01:15:07 PM

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

well, when AMhash start hosting Spondoolies rigs, please feel free to give me the heads up Wink

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: raskul on November 25, 2014, 01:15:07 PM

Just because you are mining on a cloud contract, does in no way negate the electricity costs.

Like I said, if I was running an SP20 from home it would cost me $0.0039 per Gh/s per day. AMHash's maintenance fee is 42% lower than that and the up front cost per Gh/s is lower too. Sure, you may be able to underclock the SP20 to consume 747 W, giving a hash rate of 1353 Gh/s but then you've increased the cost per Gh/s to 125% for 81.5% of the power consumption. Even with such an underclock I'd still be paying $0.00318 per Gh/s per day, almost twice AMHash's maintenance fee.

philipma1957

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Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: RoadStress on November 25, 2014, 12:55:20 PM

Quote from: raskul on November 25, 2014, 12:09:27 PM

https://www.cryptocoinsnews.com/guy-corem-spondoolies-tech-talks-next-gen-chips-industry-trends/

Thanks. I am a bit overwhelmed at the moment with everything so I was surely gonna miss that.

Quote from: Mabsark on November 25, 2014, 12:41:56 PM

Look at the SP20 for example. At 1152 W, you'd have the following costs for electricity:

I stopped reading your post here because:

Quote from: philipma1957 on November 25, 2014, 08:32:10 AM

so far the sp20 has done 747 watts and 1353gh on under clock

Miners have the advantage of being able to underclock their gear depending on market movements as opposed to cloud mining so please go and count your recently div satoshis. It will be a better use of your time.

many people don't understand the many pluses of home mining, but as time goes on and the network grows we will get squeezed out due to power limits.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: RoadStress on November 25, 2014, 12:55:20 PM

Quote from: raskul on November 25, 2014, 12:09:27 PM

https://www.cryptocoinsnews.com/guy-corem-spondoolies-tech-talks-next-gen-chips-industry-trends/

Thanks. I am a bit overwhelmed at the moment with everything so I was surely gonna miss that.

no worries, I was away for a while myself with masses of work. it sure is good to now see those invoices being paid for all my troubles.
hope you and yours are well.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: 727miner on November 25, 2014, 01:49:57 PM

Quote from: Guy Corem on November 21, 2014, 09:47:35 AM

Quote from: 727miner on November 21, 2014, 09:41:25 AM

Order 3242. I don't have a ticket number, but have sent 3 emails through your contact form on your website.

Found the ticket. Your miner will be shipped on Sunday and we'll compensate for the delay from the 18, as written few pages back.

Guy

Could you send me the tracking number please? Your website still shows my order as unfulfilled.

you should get that by email and/or sms from the automated system that SP-Tech use, when the miner ships.
that's how I normally see it.

727miner

hero member

Activity: 543

Merit: 500

Quote from: Guy Corem on November 21, 2014, 09:47:35 AM

Quote from: 727miner on November 21, 2014, 09:41:25 AM

Order 3242. I don't have a ticket number, but have sent 3 emails through your contact form on your website.

Found the ticket. Your miner will be shipped on Sunday and we'll compensate for the delay from the 18, as written few pages back.

Guy

Could you send me the tracking number please? Your website still shows my order as unfulfilled.

Zelek Uther

hero member

Activity: 700

Merit: 504

Run a Bitcoin node.

Quote from: raskul on November 25, 2014, 01:15:07 PM

Quote from: Mabsark on November 25, 2014, 01:06:23 PM

Here's some quotes from Guy:

Quote

Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote

We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.

Also, home mining in winter helps reduce your home heating bill. That's an added benefit if you are going to pay for that heating energy anyway.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Mabsark on November 25, 2014, 01:06:23 PM

Here's some quotes from Guy:

Quote

Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote

We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.

Mabsark

legendary

Activity: 826

Merit: 1004

Here's some quotes from Guy:

Quote

Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote

We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: raskul on November 25, 2014, 12:09:27 PM

https://www.cryptocoinsnews.com/guy-corem-spondoolies-tech-talks-next-gen-chips-industry-trends/

Thanks. I am a bit overwhelmed at the moment with everything so I was surely gonna miss that.

Quote from: Mabsark on November 25, 2014, 12:41:56 PM

Look at the SP20 for example. At 1152 W, you'd have the following costs for electricity:

I stopped reading your post here because:

Quote from: philipma1957 on November 25, 2014, 08:32:10 AM

so far the sp20 has done 747 watts and 1353gh on under clock

Miners have the advantage of being able to underclock their gear depending on market movements as opposed to cloud mining so please go and count your recently div satoshis. It will be a better use of your time.

Topic: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 275. (Read 1260290 times)