Best bitcoin mining rig for $1000? | Bitcointalksearch.org

notlist3d

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Quote from: RichBC on February 08, 2016, 04:44:01 AM

Quote from: Kepariy on February 08, 2016, 04:02:19 AM

Is it possible to undervolt S7. If so, then it might still be usable after the halving in June-July 2016.

Not sure to what degree this has been tried yet as at the moment you are better off to run flat out? Approach will depend on which model of S7 you have.

162 Chip systems Batches 1,2,3,4,5,7 are a pure string design and you will just need to reduce the supply voltage to the Miner.

135 Chip systems batches 6,8,9,10 are a string design but powered by a Buck Converter, controlled by a PIC microcontroller and a Digital Pot. Although this has been discussed noone has yet fully understood or presented modifications to the Microcontroller code to allow the Core Voltage to be adjusted. I am certain this will be possible, but do not have an S7 to play with so cannot contribute. However if at some point 135 Chip S7 become affordable on the second had market I will almost certainly by one to play with.

Rich

That is the hard part about S7's to is all the different designs. Even the different frequencies and chip amounts it's hard to say what it will do in general as it's more individualized on which batch.

Look at the chart

That is a lot of variance.

RichBC

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Quote from: Kepariy on February 08, 2016, 04:02:19 AM

Is it possible to undervolt S7. If so, then it might still be usable after the halving in June-July 2016.

Not sure to what degree this has been tried yet as at the moment you are better off to run flat out? Approach will depend on which model of S7 you have.

162 Chip systems Batches 1,2,3,4,5,7 are a pure string design and you will just need to reduce the supply voltage to the Miner.

135 Chip systems batches 6,8,9,10 are a string design but powered by a Buck Converter, controlled by a PIC microcontroller and a Digital Pot. Although this has been discussed noone has yet fully understood or presented modifications to the Microcontroller code to allow the Core Voltage to be adjusted. I am certain this will be possible, but do not have an S7 to play with so cannot contribute. However if at some point 135 Chip S7 become affordable on the second had market I will almost certainly by one to play with.

Rich

Kepariy

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Quote from: RichBC on January 31, 2016, 05:05:49 AM

Quote from: QuintLeo on January 31, 2016, 04:35:59 AM

The best efficiency out of an S3 even undervolted isn't even close to the efficiency of a stock S5, much less an S7.

Clock rate has almost no effect on efficiency on a Bitcoin miner, it's pretty much all about the chips the miner uses and what voltage it runs the chips at.

On the other hand, with free electricity there's no point in worrying about efficiency except in that it can affect how much hashrate you CAN come up with if you hit the limit of available power before you run out of cash to buy miners with....

Actually you can get close to S5 efficiency with an Undervolted S3. As I said in my post above, which everyone seem to be ignoring

you can get them to 0.56J/GH, S5 standard is 0.51J/GH. However agreed on S7 etc.

Rich

Is it possible to undervolt S7. If so, then it might still be usable after the halving in June-July 2016.

RichBC

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Quote from: QuintLeo on January 31, 2016, 04:35:59 AM

The best efficiency out of an S3 even undervolted isn't even close to the efficiency of a stock S5, much less an S7.

Clock rate has almost no effect on efficiency on a Bitcoin miner, it's pretty much all about the chips the miner uses and what voltage it runs the chips at.

On the other hand, with free electricity there's no point in worrying about efficiency except in that it can affect how much hashrate you CAN come up with if you hit the limit of available power before you run out of cash to buy miners with....

Actually you can get close to S5 efficiency with an Undervolted S3. As I said in my post above, which everyone seem to be ignoring

you can get them to 0.56J/GH, S5 standard is 0.51J/GH. However agreed on S7 etc.

Rich

QuintLeo

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The best efficiency out of an S3 even undervolted isn't even close to the efficiency of a stock S5, much less an S7.

Clock rate has almost no effect on efficiency on a Bitcoin miner, it's pretty much all about the chips the miner uses and what voltage it runs the chips at.

On the other hand, with free electricity there's no point in worrying about efficiency except in that it can affect how much hashrate you CAN come up with if you hit the limit of available power before you run out of cash to buy miners with....

RichBC

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Quote from: Amph on January 31, 2016, 02:45:19 AM

i doubt this si the case, if you reduce the voltage and the efficiency too much, you can get two thing, unstable miner + a very low hashrate, and if unless the ratio is in favor of the hash(when you reduce the voltage and frequency) you're stuck with a ratio of 1:1 between the two

This is not correct, see my post above your one that covers Undervolt & Frequency Reduction for the S3. The ratio only remains the same if you just reduce Frequency leaving Voltage unchanged. If Voltage & Frequency are reduced then efficiency improves.

Rich

Amph

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Quote from: Westant on January 30, 2016, 03:33:10 AM

Quote from: notlist3d on January 27, 2016, 05:22:08 AM

Quote from: sishendaoye on January 06, 2016, 12:18:10 PM

Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

I think you missed the part of very cheap or "free". A S3 is still a solid miner it just is not nearly as efficient as new miners.

There are still a lot that have "free" sadly I'm not one of them. But for someone who does a S3 still is a fine miner. And depending on PSU you could sell after, or use for another miner.

We can modify S3 and reduce the voltage and frequcncy so that it is almost as efficient as the new ones. But it occupy more space in terms of hash/space.

i doubt this si the case, if you reduce the voltage and the efficiency too much, you can get two thing, unstable miner + a very low hashrate, and if unless the ratio is in favor of the hash(when you reduce the voltage and frequency) you're stuck with a ratio of 1:1 between the two

so i say it's a bit useless, this because new miners use new chipset that are more efficient di per se

RichBC

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Quote from: Westant on January 30, 2016, 03:33:10 AM

We can modify S3 and reduce the voltage and frequcncy so that it is almost as efficient as the new ones. But it occupy more space in terms of hash/space.

Yes you can modify an S3 for reduced Core Voltage (aka Pencil Mod) and reduce Frequency this will move you from a standard of 0.74J/GH to at best 0.56J/GH however this is well short of an S7 at 0.25J/GH let alone the coming Bitfury at 0.1J/GH.

So worthwhile but with the Frequency drop needed the hash rate will drop to around 175GH/s and you will still need very cheap electricity to make money.

Rich

Westant

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Quote from: notlist3d on January 27, 2016, 05:22:08 AM

Quote from: sishendaoye on January 06, 2016, 12:18:10 PM

Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

I think you missed the part of very cheap or "free". A S3 is still a solid miner it just is not nearly as efficient as new miners.

There are still a lot that have "free" sadly I'm not one of them. But for someone who does a S3 still is a fine miner. And depending on PSU you could sell after, or use for another miner.

We can modify S3 and reduce the voltage and frequcncy so that it is almost as efficient as the new ones. But it occupy more space in terms of hash/space.

notlist3d

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Quote from: sishendaoye on January 06, 2016, 12:18:10 PM

Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

I think you missed the part of very cheap or "free". A S3 is still a solid miner it just is not nearly as efficient as new miners.

There are still a lot that have "free" sadly I'm not one of them. But for someone who does a S3 still is a fine miner. And depending on PSU you could sell after, or use for another miner.

Kepariy

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Quote from: sishendaoye on January 06, 2016, 12:18:10 PM

Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

If you pay high electricity price >10c/kwh, you will not get your money back. S3 is too inefficient for mining now.

notlist3d

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Quote from: sishendaoye on January 06, 2016, 12:18:10 PM

Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

A lot of miners have PSU's from miners that already ROI'ed. I don't sell PSU's so I don't always have to buy one, only if I don't have a sutable one do I buy PSU.

And you cannot say they wont. There is some who are lucky with free electricity, it might not be a quick roi but eventually they should. And it's those free and super cheap electricity is where S3's are going now.

sishendaoye

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Quote from: notlist3d on January 05, 2016, 06:02:40 PM

Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

Nah if you buy an Antminer S3 for around 80/90 dollar you won't get your money back.
First of all you need to buy a PSU which cost money.
Then check your daily earnings.

With that in mind, the miner will need 1 year to even get ROI, by that time I doubt if all of them are still working...

notlist3d

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Quote from: wikenpp on January 05, 2016, 04:23:14 PM

Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

It's just the nature of mining gear goes down in price the longer you have it. S3 you need really cheap electricity or free electricity at this point. For those lucky ones with free electricity they can get it and still profit.

S3's are tanks and will be around for quite a while. Just are going to shift to lower electricity areas.

wikenpp

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Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

I would not recommend to buy a S3 at. The S3 is what a S1 was 1 year ago.
Ofcourse the price is cheap (80/90 dollar), but with this difficuly you will not get your investment back.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: Westant on January 05, 2016, 06:11:54 AM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Will S7 last longer due to the higher efficiency? If the electricity price is not low, would it be good to get S7 instead of S5?

It will be all fine, and if you go for batch 9, you will get a bigger difference in the price, as the shipment date will be Jan 20 or then-after...
S7 is the beast currently you should go for, I checked it first and confirmed that it is only the one in markets which can make you ROI in 6 - 7 months even if you electricity cost is medium...

Westant

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Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Will S7 last longer due to the higher efficiency? If the electricity price is not low, would it be good to get S7 instead of S5?

papadrams

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In my opinion, a s7 is the best you can buy right now.. It has more hashing power than all the others, and with chips 1385 is much more efficient than others.. If you order from batch 9, price is 1034.47$. And if you buy a good psu 250$ plus.
I know its over your budget but for 300$ more you get a much better deal than the s5's or sp20's Wink

Amph

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Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

it depend on the bills cost, i know i would not touch the s5 anymore, it's better to buy 1 single s7 with 1k, they are around that

they you only need to add one psu and you're done, with 3 x s5 you would get less hashpower with a greater psu needed

people tend to forget the psu cost each tiem i see a suggestion, which is huge, since it's already 1/3 of the asic cost, int he case of a s7...

notlist3d

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Quote from: Newcoins2020 on January 04, 2016, 03:25:54 PM

Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

How many miners have you had to base that on? I strongly don't think you can say X company is the best!

I think each model is a different beast. Some are better then others. But you cant say X company is always best.

Newcoins2020

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Quote from: wikenpp on January 04, 2016, 01:04:26 PM

With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

Either a couple of antminer S3's or antminer s5's.
I know spondoolies tech made good hardrware but I am with bitmain since day 1 and I know their hardware is one of the best, maybe even the best.

wikenpp

hero member

Activity: 672

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With a 1000 bucks i would go for either some second hands 3x S5 with PSU
Or get a SP Jackson with PSU.

However don't forget to calculate your earnings.

notlist3d

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Quote from: Xialla on January 04, 2016, 02:59:46 AM

Quote from: notlist3d on January 02, 2016, 07:11:33 PM

I have done pretty well with decent electricity and selling gear.

yes, maybe because you have cheap electricity, secure location for miners and time for selling, packaging and sending your mining gear.

I don't have anything from this, but really...if you want to put 1000$ to Bitcoin, buy them directly instead of some stupid mining ideas. and this is valid I would say for majority of board users..

Yes... but at one time did not have some of it. I invested in making a mining area instead of doing the put some in each room. It was not free... it was a investment. there is nothing to stop you from having one to just upfront costs. My main factor is i needed it for cooling for summer, now I can do lot's of CFM's and cool in summer.

On packaging on mining gear... keep the boxes they send it to you in. It's that simple I don't invest in new boxes and packing that would be stupid. I have a system where I keep original boxing and when I sell I use the same boxing it was sent to me in.

Xialla

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/dev/null

Quote from: notlist3d on January 02, 2016, 07:11:33 PM

I have done pretty well with decent electricity and selling gear.

yes, maybe because you have cheap electricity, secure location for miners and time for selling, packaging and sending your mining gear.

I don't have anything from this, but really...if you want to put 1000$ to Bitcoin, buy them directly instead of some stupid mining ideas. and this is valid I would say for majority of board users..

notlist3d

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Quote from: Xialla on January 02, 2016, 05:50:21 PM

Quote from: Stoneboy on December 31, 2015, 10:36:02 AM

Quote from: iglasses on December 31, 2015, 09:39:41 AM

The best BTC mining rig for $1000 is the one that you don't buy.

Lol ☺

believe or not, this is what I learned here and it take me couple of years. You know it now. enjoy:)

I would agree it's getting harder and harder. But I would not say year's. I have done pretty well with decent electricity and selling gear.

This generation has a big jump in difficulty multiple times. So will be interesting value of BTC in a few months. I really hope we get a few good bumps in value.

Xialla

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/dev/null

Quote from: Stoneboy on December 31, 2015, 10:36:02 AM

Quote from: iglasses on December 31, 2015, 09:39:41 AM

The best BTC mining rig for $1000 is the one that you don't buy.

Lol ☺

believe or not, this is what I learned here and it take me couple of years. You know it now. enjoy:)

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Mining rig?? U re about 3 years late for this. ATM, the only thing worth of mining s etherum and even that s about to stop once it goes PoS. So yes, if u do want to mine, go cloud with Hashnest or contact me for a better option.

I do not sell anything but I do ask for people to use my ref link in exchange for that info.

Kepariy

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Quote from: Xialla on December 31, 2015, 09:49:41 AM

best mining rig for 1k $ is to buy BTC with it and wait:)

This applies when the difficulty goes up very fast, say 10% every adjustment. There are too many hashing power coming.

Stoneboy

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Quote from: iglasses on December 31, 2015, 09:39:41 AM

The best BTC mining rig for $1000 is the one that you don't buy.

Lol ☺

Xialla

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/dev/null

best mining rig for 1k $ is to buy BTC with it and wait:)

iglasses

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The best BTC mining rig for $1000 is the one that you don't buy.

SmartIphone

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Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

Since 2012 many things have been changed, as some here i also suggest S5+ or an S7
You can mine directly but also rent that hash power but you still will make profit good luck

Stoneboy

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Quote from: Wusolini on December 31, 2015, 06:22:44 AM

Quote from: Sweeet on December 30, 2015, 10:45:12 PM

Quote from: Wusolini on December 30, 2015, 09:20:43 PM

my advice would be TO buy bitcoins and turn them into hash with hashnest (or their pacmic invest plan) ... no other work or fees required, just earn shares profit

I really don't trust those cloud mining websites, if I no longer want them can I sell them for bitcoins possibly?

Yes, you can trade your hash power in market anytime.

If you don'the trust it go to Cex.io site has a good reputation and security.

Wusolini

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no need to carry heavy money bags anymore

Quote from: Sweeet on December 30, 2015, 10:45:12 PM

Quote from: Wusolini on December 30, 2015, 09:20:43 PM

my advice would be TO buy bitcoins and turn them into hash with hashnest (or their pacmic invest plan) ... no other work or fees required, just earn shares profit

I really don't trust those cloud mining websites, if I no longer want them can I sell them for bitcoins possibly?

Yes, you can trade your hash power in market anytime.

Dalkore

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Mining since 2010 & Hosting since 2012

Quote from: Amph on December 31, 2015, 02:42:38 AM

Quote from: Sweeet on December 30, 2015, 10:45:56 PM

Quote from: rockyforever on December 30, 2015, 06:45:38 PM

Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

amazon you will overpay for a miner. can you withdraw the 1000$? you can buy the S7 currently for around 1000$ without shipping added.

I can do that, but is it worth buying the S7?

yeah it's the best option right now, great efficiency, less pace needed, less psu needed etc...although reaching roi will be still hard

Amph is 100% correct in his analysis, he is giving you honest and quality advice.

Amph

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Quote from: Sweeet on December 30, 2015, 10:45:56 PM

Quote from: rockyforever on December 30, 2015, 06:45:38 PM

Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

amazon you will overpay for a miner. can you withdraw the 1000$? you can buy the S7 currently for around 1000$ without shipping added.

I can do that, but is it worth buying the S7?

yeah it's the best option right now, great efficiency, less space needed, less psu needed etc...although reaching roi will be still hard

Tmdz

hero member

Activity: 1008

Merit: 1000

Hashnest is legit. It's ran by bitmain which produce the Antminers and is the best option for cloud mining, Hashnest is basically like the stock market of bitcoin mining. You can buy hash of a specific miner type on the market and earn profits from that miner as long as you like. Once you want to sell your hash power you put it on the market and when a matching bid comes then you get your bitcoins. Its a good solution I use it and really like it for being able to trade just remember its a open market and prices depend on market forces.

I can't really recommend a miner being all you could afford would be 2 S5 antminers and with difficulty you would need some cheap electric to make it worth while and even then the amount you will earn is rapidly decreasing.

Sweeet

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Real Eyes, Realize, Real Lies.

Quote from: rockyforever on December 30, 2015, 06:45:38 PM

Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

amazon you will overpay for a miner. can you withdraw the 1000$? you can buy the S7 currently for around 1000$ without shipping added.

I can do that, but is it worth buying the S7?

Sweeet

hero member

Activity: 714

Merit: 501

Real Eyes, Realize, Real Lies.

Quote from: Wusolini on December 30, 2015, 09:20:43 PM

my advice would be TO buy bitcoins and turn them into hash with hashnest (or their pacmic invest plan) ... no other work or fees required, just earn shares profit

I really don't trust those cloud mining websites, if I no longer want them can I sell them for bitcoins possibly?

notlist3d

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Activity: 1456

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Quote from: Wusolini on December 30, 2015, 09:20:43 PM

my advice would be TO buy bitcoins and turn them into hash with hashnest (or their pacmic invest plan) ... no other work or fees required, just earn shares profit

Hasnest is not bad if looking for a cloud option, it's the most popular there is if you do want cloud. I would agree pacmic on current is kinda a low return.

I still do a lot with physical mines though. I really like having it and tinkering. That is part of what makes me love mining.

Wusolini

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no need to carry heavy money bags anymore

my advice would be TO buy bitcoins and turn them into hash with hashnest (or their pacmic invest plan) ... no other work or fees required, just earn shares profit

Stoneboy

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Merit: 10

Quote from: rockyforever on December 30, 2015, 06:45:38 PM

Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

amazon you will overpay for a miner. can you withdraw the 1000$? you can buy the S7 currently for around 1000$ without shipping added.

indeed your right better buy from the source in China f.e. by Bitmain your S7 Miner.

rockyforever

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Activity: 429

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Quote from: Sweeet on December 30, 2015, 05:56:03 PM

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

amazon you will overpay for a miner. can you withdraw the 1000$? you can buy the S7 currently for around 1000$ without shipping added.

Sweeet

hero member

Activity: 714

Merit: 501

Real Eyes, Realize, Real Lies.

I'm not very smart on mining although I started doing it in 2012 and stopped for a while but I have about $1000 on amazon so I would like to know what you people think would be the best bang for my buck on a mining rig from amazon for around $1000 I can go a lil over aswell. BTW: I won't be paying in electricity bills if that helps. Thanks in advance.

Topic: Best bitcoin mining rig for $1000? (Read 4758 times)