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Topic: Antminer S1 My first rig - page 2. (Read 2633 times)

sr. member
Activity: 361
Merit: 267
August 21, 2014, 01:25:45 PM
#3
Slush "https://mining.bitcoin.cz" is good, I use it as my failover pool now. I pretty much have my miners pointed at CEX.io now.

Where on the island are you? I'm in Massapequa.
legendary
Activity: 1722
Merit: 1000
August 21, 2014, 08:07:58 AM
#2
I'm on slushies, I like it.
newbie
Activity: 13
Merit: 0
August 21, 2014, 08:06:04 AM
#1
Hey guys, I'm new to this forum, and to bitcoin mining.

I order an Antminer S1 to set-up just so I can gain some more experience with mining, didn't want to spend a lot of money and end up screwing something up.

I paid $117 for the unit. I also bought the WiFi adapter kit because I don't plan on having my unit right next to the router, that cost $10. And finally a Corsair 430x as my PSU for $20. That means I've invested $147, don't worry I'm keeping track of all of this on an Excel spreadsheet.

According to my calculations, I should break even in about 3 months based on the current value of bitcoin as well as the cost of electricity. Of course those factors are not fixed and are variable, which is why it is virtually impossible for me to predict a time period to break even. Also if my machine stops functioning that would be a variable factor.

The reason I'm posting this is to ask if there's any advice? I plan on joining a mining pool and am not sure which one would be the best for me.

Thanks! Smiley
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