Back into Bitcoin! Access to FREE electric. How should i continue!?

drazah

newbie

Activity: 54

Merit: 0

Quote from: Amph on June 08, 2016, 12:59:35 AM

personally if i had free electricity i would mine like crazy everything, roi does not matter much anymore, you can sell afterward your equipment easy, if remaining in the 3 months time-frame

electricity matter the most if you want to scale big your farm

This is what i was thinking initially. Although i don't have endless money or a large bankroll to start. I took what i was comfortable spending and found what was best for that while ignoring the electricity matter.

Amph

legendary

Activity: 3248

Merit: 1070

personally if i had free electricity i would mine like crazy everything, roi does not matter much anymore, you can sell afterward your equipment easy, if remaining in the 3 months time-frame

electricity matter the most if you want to scale big your farm

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: drazah on June 06, 2016, 09:23:06 AM

Quote from: QuintLeo on June 06, 2016, 01:26:41 AM

The first presumption is that the new RX 480 will actually be availaibly in quantity - track record of the GTX 1080 is making that look kinda iffy right now.

The second presumption is that folks will be able to get RX 480 at close to it's list price - I suspect that will not happen for a month or two, "new card gouge on price" is an old tradition even when the availability is pretty good.

On the other hand, unless you can get a current card pretty cheap, it MIGHT make some sense to "wait and see" what actually happens on availability, pricing, and how well the RX 480 can mine in fact as opposed to the current "speculation only" situation.

S9 though is DEFINITELY a "wait for price to come down and competiton to show up" situation IMO - the current price is a ripoff, though I'm sure Bitmain intends to sell as many units at the current crazy-high pricing as they can while they can to help pay for the development costs on the new chip.

I'm NOT saying I BLAME them for the pricing, as there's good business logic behind "charge as much as the customers will bear while we can", just that I'm not willing to pay that large of an early adopter premium myself on a miner that will probably be profitable for years.

*Hopefully* I was planning on buying 2 RX480s for my computer build next month, won't be using for mining but they will free up my other R9 290X and ill probably just use them for mining ETH if i get that going. Other than that though I dont plan on spending anymore money out of pocket until I get what I have now up and running for atleast a month.

I think it could be a smart idea. QuintLeo is right i am speculating that it hit's street on time, and is not jacked up on price. Since we have not really seen selling out of GPU's like we did during LTC day's... I think it will be a little more mild. But I could be wrong.

Also ETH difficulty will go up (hard to say how much) so waiting could hurt on that. But hopefully new cards are faster and help some with this, but we don't know. But value wise the new GPU's should hold value better with being brand new if you have to sell them.

drazah

newbie

Activity: 54

Merit: 0

Quote from: QuintLeo on June 06, 2016, 01:26:41 AM

The first presumption is that the new RX 480 will actually be availaibly in quantity - track record of the GTX 1080 is making that look kinda iffy right now.

The second presumption is that folks will be able to get RX 480 at close to it's list price - I suspect that will not happen for a month or two, "new card gouge on price" is an old tradition even when the availability is pretty good.

On the other hand, unless you can get a current card pretty cheap, it MIGHT make some sense to "wait and see" what actually happens on availability, pricing, and how well the RX 480 can mine in fact as opposed to the current "speculation only" situation.

S9 though is DEFINITELY a "wait for price to come down and competiton to show up" situation IMO - the current price is a ripoff, though I'm sure Bitmain intends to sell as many units at the current crazy-high pricing as they can while they can to help pay for the development costs on the new chip.

I'm NOT saying I BLAME them for the pricing, as there's good business logic behind "charge as much as the customers will bear while we can", just that I'm not willing to pay that large of an early adopter premium myself on a miner that will probably be profitable for years.

*Hopefully* I was planning on buying 2 RX480s for my computer build next month, won't be using for mining but they will free up my other R9 290X and ill probably just use them for mining ETH if i get that going. Other than that though I dont plan on spending anymore money out of pocket until I get what I have now up and running for atleast a month.

QuintLeo

legendary

Activity: 1498

Merit: 1030

The first presumption is that the new RX 480 will actually be availaibly in quantity - track record of the GTX 1080 is making that look kinda iffy right now.

The second presumption is that folks will be able to get RX 480 at close to it's list price - I suspect that will not happen for a month or two, "new card gouge on price" is an old tradition even when the availability is pretty good.

On the other hand, unless you can get a current card pretty cheap, it MIGHT make some sense to "wait and see" what actually happens on availability, pricing, and how well the RX 480 can mine in fact as opposed to the current "speculation only" situation.

S9 though is DEFINITELY a "wait for price to come down and competiton to show up" situation IMO - the current price is a ripoff, though I'm sure Bitmain intends to sell as many units at the current crazy-high pricing as they can while they can to help pay for the development costs on the new chip.

I'm NOT saying I BLAME them for the pricing, as there's good business logic behind "charge as much as the customers will bear while we can", just that I'm not willing to pay that large of an early adopter premium myself on a miner that will probably be profitable for years.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: drazah on June 05, 2016, 09:31:50 AM

Quote from: QuintLeo on June 05, 2016, 03:15:54 AM

290x will mine ETH quite nicely, abet not exactly at a low power consumption level.

My "big rig" is triple R9 290s Sapphire Reference cards, with one of The Stilt modified BIOS on them to drop the power draw and let them run a lot cooler - still doing some fine-tuning on it to maximise the hashrate, but they're pulling right around 30 MH/s each right now running qtminer (I've NEVER been able to get on bloody github, so trying one of the "more efficent" miners like Claymore's or Genoil's just isn't an option for me).

Thats the exact card that i have. Ive never been a fan of the referenced cooler but im glad to hear that its a decent start for ETH.

At end of month not to long away we will be getting into 400 series on GPU's. So keep that in mind with current purchases you might get a better deal at end of month when 380's are old news (but still good cards). We have not seen any of the new AMD mine ETHER so it's all speculation but we might see more bang for your buck waiting till end of month.

As far as BTC... it's S9 it's king of efficiency on SHA256. So will be likely all about them unless BW hit's spec and tries to sell to public soon. But with free.. again waiting might be smart. I think after having there will be some good deals on S7's.

So it's not fun but in both cases for free I think waiting might be your best bet.

drazah

newbie

Activity: 54

Merit: 0

Quote from: QuintLeo on June 05, 2016, 03:15:54 AM

290x will mine ETH quite nicely, abet not exactly at a low power consumption level.

My "big rig" is triple R9 290s Sapphire Reference cards, with one of The Stilt modified BIOS on them to drop the power draw and let them run a lot cooler - still doing some fine-tuning on it to maximise the hashrate, but they're pulling right around 30 MH/s each right now running qtminer (I've NEVER been able to get on bloody github, so trying one of the "more efficent" miners like Claymore's or Genoil's just isn't an option for me).

Thats the exact card that i have. Ive never been a fan of the referenced cooler but im glad to hear that its a decent start for ETH.

QuintLeo

legendary

Activity: 1498

Merit: 1030

290x will mine ETH quite nicely, abet not exactly at a low power consumption level.

My "big rig" is triple R9 290s Sapphire Reference cards, with one of The Stilt modified BIOS on them to drop the power draw and let them run a lot cooler - still doing some fine-tuning on it to maximise the hashrate, but they're pulling right around 30 MH/s each right now running qtminer (I've NEVER been able to get on bloody github, so trying one of the "more efficent" miners like Claymore's or Genoil's just isn't an option for me).

drazah

newbie

Activity: 54

Merit: 0

Quote from: philipma1957 on June 04, 2016, 11:14:22 PM

A little of both. for software I could mail you a usb stick.

you only need change the Eth address.

you can open an account here

https://bittrex.com/

transfer like .05 btc to a btc address then buy 1 eth coin

you will get an eth address and you can mine to it by putting it into you bat file .

it is easy to setup . there are many software choices I only do two of them. (I am so so with software)

This sounds good to me, Id like to dabble in a little of both. I currently have a computer i can put together with a R9 290X, would this suffice to start? Im really starting this more for hobby, learning, and plan for growth. If the 290X build won't be worth it, how much money are we looking at to get a decent Ether rig going? Most likely I would just need to buy a bigger PSU and the GPUs.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: drazah on June 04, 2016, 10:51:01 PM

Quote from: philipma1957 on June 04, 2016, 10:34:40 PM

Quote from: drazah on June 04, 2016, 08:56:01 PM

Quote from: philipma1957 on June 04, 2016, 06:01:57 PM

I have all the gear you need.

sp20's = 2
s-5 = 1

s-7 = 2

avalon 6's = 3

I have 5x 2 gpu card eth rigs plug n play in real pc cases cases send me a pm. These are fully operation pc's and mining rigs.

I am in NJ zip is 07731

it is in my self interest to sell to you. but you should get 1 eth rig as a pc and learn to eth mine.
I would help you set it up.

I could sell you a s-7 at a good price. = noisy
I could sel you a s-5 at a good price = noisy

or the sp20's not that noisy
or the avalon 6's 1 2 or 3 not that noisy

07731... Thats northern NJ right? I am from south jersey (08234) but currently living in FL.

For right now, I think im going to hold off on anymore bitcoin rigs but am very interested in getting an Ether rig setup but have no idea where to start

I am in Howell NJ central near great adventure amusment park and belmar on the Jersey shore.

For eth coin since you have a data center you can do some closed case builds.

https://bitcointalksearch.org/topic/my-1-gpu-now-11gpus-5rigs-for-ethereum-45-days-of-mining-photos-thoughts-1429151

this thread has info for you on a two card case build

I know exactly where that is haha, but im down in FL now. I would be able to put together an Ether rig myself (maybe buy 2 390s) but its setting up the software which I dont know, Ill have to look at some guides.

With free power, you think this would be a better route currenty to put money into?

A little of both. for software I could mail you a usb stick.

you only need change the Eth address.

you can open an account here

https://bittrex.com/

transfer like .05 btc to a btc address then buy 1 eth coin

you will get an eth address and you can mine to it by putting it into you bat file .

it is easy to setup . there are many software choices I only do two of them. (I am so so with software)

drazah

newbie

Activity: 54

Merit: 0

Quote from: philipma1957 on June 04, 2016, 10:34:40 PM

Quote from: drazah on June 04, 2016, 08:56:01 PM

Quote from: philipma1957 on June 04, 2016, 06:01:57 PM

I have all the gear you need.

sp20's = 2
s-5 = 1

s-7 = 2

avalon 6's = 3

I have 5x 2 gpu card eth rigs plug n play in real pc cases cases send me a pm. These are fully operation pc's and mining rigs.

I am in NJ zip is 07731

it is in my self interest to sell to you. but you should get 1 eth rig as a pc and learn to eth mine.
I would help you set it up.

I could sell you a s-7 at a good price. = noisy
I could sel you a s-5 at a good price = noisy

or the sp20's not that noisy
or the avalon 6's 1 2 or 3 not that noisy

07731... Thats northern NJ right? I am from south jersey (08234) but currently living in FL.

For right now, I think im going to hold off on anymore bitcoin rigs but am very interested in getting an Ether rig setup but have no idea where to start

I am in Howell NJ central near great adventure amusment park and belmar on the Jersey shore.

For eth coin since you have a data center you can do some closed case builds.

https://bitcointalksearch.org/topic/my-1-gpu-now-11gpus-5rigs-for-ethereum-45-days-of-mining-photos-thoughts-1429151

this thread has info for you on a two card case build

I know exactly where that is haha, but im down in FL now. I would be able to put together an Ether rig myself (maybe buy 2 390s) but its setting up the software which I dont know, Ill have to look at some guides.

With free power, you think this would be a better route currenty to put money into?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: drazah on June 04, 2016, 08:56:01 PM

Quote from: philipma1957 on June 04, 2016, 06:01:57 PM

I have all the gear you need.

sp20's = 2
s-5 = 1

s-7 = 2

avalon 6's = 3

I have 5x 2 gpu card eth rigs plug n play in real pc cases cases send me a pm. These are fully operation pc's and mining rigs.

I am in NJ zip is 07731

it is in my self interest to sell to you. but you should get 1 eth rig as a pc and learn to eth mine.
I would help you set it up.

I could sell you a s-7 at a good price. = noisy
I could sel you a s-5 at a good price = noisy

or the sp20's not that noisy
or the avalon 6's 1 2 or 3 not that noisy

07731... Thats northern NJ right? I am from south jersey (08234) but currently living in FL.

For right now, I think im going to hold off on anymore bitcoin rigs but am very interested in getting an Ether rig setup but have no idea where to start

I am in Howell NJ central near great adventure amusment park and belmar on the Jersey shore.

For eth coin since you have a data center you can do some closed case builds.

https://bitcointalksearch.org/topic/my-1-gpu-now-11gpus-5rigs-for-ethereum-45-days-of-mining-photos-thoughts-1429151

this thread has info for you on a two card case build

drazah

newbie

Activity: 54

Merit: 0

Quote from: zend7 on June 04, 2016, 09:07:32 PM

Quote from: drazah on June 03, 2016, 10:03:48 AM

Hello bitcointalk forum!

I am new here, not "really" new to bitcoin. I have been following for a few years now but not so much mining.

My first rig was the BFL Jalapeno (~5GHs one) and after that rig paid for itself quick and things went down from there is when i stopped.

Anyways, I have access to free electric and would like to start mining again! I honestly should of posted here first asking for advice but i got excited and went ahead and was able to get 2 Antminer S4s for really cheap. I did do a little research and hope this is right but for what i could find used and for what i was willing to spend right away (under $400) this seemed to be my best bet.

Im not looking to turn this into a huge mine or anything crazy, just something I can add to my income to basically cover my lunch expenses

Just looking for any advice or information on whats new with bitcoin, From the bitcoin calculators i used with everything at current market price with no fee from electricty looks promising, what do you think? Also im not sure what pools to mine or what all these payout types even mean :|

THANKS FOR YOUR TIME ON READING THIS!

Which country are you referring to that has give you free electricity?
I can only think of smaller parts of China and some parts of South America from what I have read on the forums so far.

USA, and at my job. I was approved for 4800watts continuos, can get approved for 10k-15k but i dont plan on getting that big.

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

Quote from: drazah on June 03, 2016, 10:03:48 AM

Hello bitcointalk forum!

I am new here, not "really" new to bitcoin. I have been following for a few years now but not so much mining.

My first rig was the BFL Jalapeno (~5GHs one) and after that rig paid for itself quick and things went down from there is when i stopped.

Anyways, I have access to free electric and would like to start mining again! I honestly should of posted here first asking for advice but i got excited and went ahead and was able to get 2 Antminer S4s for really cheap. I did do a little research and hope this is right but for what i could find used and for what i was willing to spend right away (under $400) this seemed to be my best bet.

Im not looking to turn this into a huge mine or anything crazy, just something I can add to my income to basically cover my lunch expenses

Just looking for any advice or information on whats new with bitcoin, From the bitcoin calculators i used with everything at current market price with no fee from electricty looks promising, what do you think? Also im not sure what pools to mine or what all these payout types even mean :|

THANKS FOR YOUR TIME ON READING THIS!

Which country are you referring to that has give you free electricity?
I can only think of smaller parts of China and some parts of South America from what I have read on the forums so far.

drazah

newbie

Activity: 54

Merit: 0

Quote from: philipma1957 on June 04, 2016, 06:01:57 PM

I have all the gear you need.

sp20's = 2
s-5 = 1

s-7 = 2

avalon 6's = 3

I have 5x 2 gpu card eth rigs plug n play in real pc cases cases send me a pm. These are fully operation pc's and mining rigs.

I am in NJ zip is 07731

it is in my self interest to sell to you. but you should get 1 eth rig as a pc and learn to eth mine.
I would help you set it up.

I could sell you a s-7 at a good price. = noisy
I could sel you a s-5 at a good price = noisy

or the sp20's not that noisy
or the avalon 6's 1 2 or 3 not that noisy

07731... Thats northern NJ right? I am from south jersey (08234) but currently living in FL.

For right now, I think im going to hold off on anymore bitcoin rigs but am very interested in getting an Ether rig setup but have no idea where to start

drazah

newbie

Activity: 54

Merit: 0

Quote from: notlist3d on June 04, 2016, 06:57:40 PM

Quote from: drazah on June 04, 2016, 01:17:01 PM

Quote from: notlist3d on June 04, 2016, 12:29:34 PM

DO NOT risk your job to plug in gear. If you have a good computer job at a school you will lose it for bringing in miners and using the schools electricity. Read the things you signed but most/almost all are going to have a policy about unauthorized device. I can't imagine risking a sys admin job at a school over a few miners.

Honestly look at ways to mine at your apartment, or hosting. A few miners is not worth your job.

Agreed, I would never risk my job for a few miners. We actually have "work orders" for when we want to bring in "outside" equipment that has not been tagged by the district which we want to run off the network... and normally I am the one who approves these work orders. Mine has already been approved, and administration has never questioned a thing ive done. I'm sure it would raise question if I wanted to start a huge mining operation while stealing their energy but thats not my scope at the moment.

On another note, the school also runs a private folding farm for a tech teacher. He does not use it for teaching purposes and its pretty big.

You have to understand what's wrong with this though if you approving your own equipment like miners to be plugged into school network. Are you very clear about cost associated with running them? And how profit soley goes into your profit?

It seems like at some point there would be some overview, and would look at this. If your job has the role of approving outside equipment.... you know your doing the wrong thing with personal mining gear. Your risking a lot I still think with approving your own requests. It is part of being ethical in business you don't approve your on requests when you know it's done solely for personal gain.

Whoops, my mistake. I said "normally" because i ment to put that my upper administration approved it. If i ever have a personal request of my own, then i CANNOT approve it myself, it must go to the Senior SA for approval. I put ~5k monthly wattage on the work order and even that was approved, im pretty sure the 2 S4s that im getting are less than that. But you are correct, it is done solely for personal gain, they understand the power draw and don't ask what its for. It is just something that is available to me, I personally am not worried at all, in my work environment this is pretty common (which is why these work orders exist) especially at a private technical school.

*edit* added a little more to the end.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: drazah on June 04, 2016, 01:17:01 PM

Quote from: notlist3d on June 04, 2016, 12:29:34 PM

DO NOT risk your job to plug in gear. If you have a good computer job at a school you will lose it for bringing in miners and using the schools electricity. Read the things you signed but most/almost all are going to have a policy about unauthorized device. I can't imagine risking a sys admin job at a school over a few miners.

Honestly look at ways to mine at your apartment, or hosting. A few miners is not worth your job.

Agreed, I would never risk my job for a few miners. We actually have "work orders" for when we want to bring in "outside" equipment that has not been tagged by the district which we want to run off the network... and normally I am the one who approves these work orders. Mine has already been approved, and administration has never questioned a thing ive done. I'm sure it would raise question if I wanted to start a huge mining operation while stealing their energy but thats not my scope at the moment.

On another note, the school also runs a private folding farm for a tech teacher. He does not use it for teaching purposes and its pretty big.

You have to understand what's wrong with this though if you approving your own equipment like miners to be plugged into school network. Are you very clear about cost associated with running them? And how profit soley goes into your profit?

It seems like at some point there would be some overview, and would look at this. If your job has the role of approving outside equipment.... you know your doing the wrong thing with personal mining gear. Your risking a lot I still think with approving your own requests. It is part of being ethical in business you don't approve your on requests when you know it's done solely for personal gain.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

I have all the gear you need.

sp20's = 2
s-5 = 1

s-7 = 2

avalon 6's = 3

I have 5x 2 gpu card eth rigs plug n play in real pc cases cases send me a pm. These are fully operation pc's and mining rigs.

I am in NJ zip is 07731

it is in my self interest to sell to you. but you should get 1 eth rig as a pc and learn to eth mine.
I would help you set it up.

I could sell you a s-7 at a good price. = noisy
I could sel you a s-5 at a good price = noisy

or the sp20's not that noisy
or the avalon 6's 1 2 or 3 not that noisy

drazah

newbie

Activity: 54

Merit: 0

Quote from: Newcoins2020 on June 04, 2016, 04:07:50 PM

Apart from losing your job, it's called stealing because your school will have to pay for their bills rights. It's not an honest way to live nor to think. If you have to pay the normal price (we all do) then first investigate if you even will get ROI.

I honestly doubt that you will...

Not with the S4s but anything newer then yes. I thought i explained in my last post but ill do a tl;dr...

I have already been approved for these machines at their power usage to be used. I run the IT department (on site) and we already have a complete lab pulling way more useless power than i ever will from them. This is coming from a technical school who probably has a 50k+ electric bill a month. I won't lose my job unless i decide to buy about 50 more S4s without telling them or do something insane like that.

Commenting about living the honest way or thinking is all relative. I understand how one would see it that way, but i also understand my reasoning to be valid in that i see it as a perk of my job, an opportunity that is available right in front of me.

Not everyone pays the normal price, im sorry.

Newcoins2020

sr. member

Activity: 406

Merit: 250

Quote from: drazah on June 04, 2016, 01:17:01 PM

Quote from: notlist3d on June 04, 2016, 12:29:34 PM

DO NOT risk your job to plug in gear. If you have a good computer job at a school you will lose it for bringing in miners and using the schools electricity. Read the things you signed but most/almost all are going to have a policy about unauthorized device. I can't imagine risking a sys admin job at a school over a few miners.

Honestly look at ways to mine at your apartment, or hosting. A few miners is not worth your job.

Agreed, I would never risk my job for a few miners. We actually have "work orders" for when we want to bring in "outside" equipment that has not been tagged by the district which we want to run off the network... and normally I am the one who approves these work orders. Mine has already been approved, and administration has never questioned a thing ive done. I'm sure it would raise question if I wanted to start a huge mining operation while stealing their energy but thats not my scope at the moment.

On another note, the school also runs a private folding farm for a tech teacher. He does not use it for teaching purposes and its pretty big.

Apart from losing your job, it's called stealing because your school will have to pay for their bills rights. It's not an honest way to live nor to think. If you have to pay the normal price (we all do) then first investigate if you even will get ROI.

I honestly doubt that you will...

Topic: Back into Bitcoin! Access to FREE electric. How should i continue!? (Read 1901 times)