Best mining hardware? - page 2. | Bitcointalksearch.org

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: FruitsBasket on November 04, 2015, 06:55:31 AM

Quote from: notlist3d on November 04, 2015, 06:34:18 AM

On BTC I judge profit on if I get more BTC then I started with. I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up. The good news is there is only so many miners they can make, and so many data centers without building more. I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors. For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all. But no for a lot right now it's not to late to start mining. But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: notlist3d on November 04, 2015, 06:34:18 AM

Quote from: FruitsBasket on November 04, 2015, 06:21:18 AM

Quote from: bitcoinbettingtips on November 04, 2015, 06:10:22 AM

Quote from: FruitsBasket on November 03, 2015, 07:49:35 AM

Quote from: notlist3d on November 02, 2015, 09:08:02 AM

Quote from: FruitsBasket on November 02, 2015, 05:14:54 AM

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price? And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

On BTC I judge profit on if I get more BTC then I started with. I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up. The good news is there is only so many miners they can make, and so many data centers without building more. I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: FruitsBasket on November 04, 2015, 06:21:18 AM

Quote from: bitcoinbettingtips on November 04, 2015, 06:10:22 AM

Quote from: FruitsBasket on November 03, 2015, 07:49:35 AM

Quote from: notlist3d on November 02, 2015, 09:08:02 AM

Quote from: FruitsBasket on November 02, 2015, 05:14:54 AM

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price? And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

On BTC I judge profit on if I get more BTC then I started with. I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up. The good news is there is only so many miners they can make, and so many data centers without building more. I don't think anyone can give you a good speculation on what will happen on it.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: bitcoinbettingtips on November 04, 2015, 06:10:22 AM

Quote from: FruitsBasket on November 03, 2015, 07:49:35 AM

Quote from: notlist3d on November 02, 2015, 09:08:02 AM

Quote from: FruitsBasket on November 02, 2015, 05:14:54 AM

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price? And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

bitcoinbettingtips

full member

Activity: 121

Merit: 100

Quote from: FruitsBasket on November 03, 2015, 07:49:35 AM

Quote from: notlist3d on November 02, 2015, 09:08:02 AM

Quote from: FruitsBasket on November 02, 2015, 05:14:54 AM

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price? And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: notlist3d on November 03, 2015, 12:04:25 PM

Quote from: kingcolex on November 03, 2015, 11:44:03 AM

You've been lied to, no one has solved a block with pen and paper and especially within 30 minutes. What you could do is build a solar setup of a couple hundred watts and run an asic on there if you really really want to.

You can actually do it by pencil and paper - http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html . You will not be able to compete against Asics.... so by the time your doine it's worth nothing but you can do by hand.

One of my favorite ones I've seen is a BTC solving nes - http://retrominer.com/ Just a cool project no useful mining coming out of it.

I have read and seen about doing it by paper but no way do I believe someone has solved a block by hand, the odds are just too extraordinary.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: kingcolex on November 03, 2015, 12:11:33 PM

Quote from: notlist3d on November 03, 2015, 12:04:25 PM

Quote from: kingcolex on November 03, 2015, 11:44:03 AM

You've been lied to, no one has solved a block with pen and paper and especially within 30 minutes. What you could do is build a solar setup of a couple hundred watts and run an asic on there if you really really want to.

You can actually do it by pencil and paper - http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html . You will not be able to compete against Asics.... so by the time your doine it's worth nothing but you can do by hand.

One of my favorite ones I've seen is a BTC solving nes - http://retrominer.com/ Just a cool project no useful mining coming out of it.

I have read and seen about doing it by paper but no way do I believe someone has solved a block by hand, the odds are just too extraordinary.

So if you solve a block is that one thing or are those multiple math solutions?
So you can solve a sum but u need multiple to get the block?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: kingcolex on November 03, 2015, 12:11:33 PM

Quote from: notlist3d on November 03, 2015, 12:04:25 PM

Quote from: kingcolex on November 03, 2015, 11:44:03 AM

You've been lied to, no one has solved a block with pen and paper and especially within 30 minutes. What you could do is build a solar setup of a couple hundred watts and run an asic on there if you really really want to.

You can actually do it by pencil and paper - http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html . You will not be able to compete against Asics.... so by the time your doine it's worth nothing but you can do by hand.

One of my favorite ones I've seen is a BTC solving nes - http://retrominer.com/ Just a cool project no useful mining coming out of it.

I have read and seen about doing it by paper but no way do I believe someone has solved a block by hand, the odds are just too extraordinary.

You would be right no one has solved a block on it. They have mined with it. But in the end you could never submit work as Asics soul have beaten you to it.

So I guess mining by hand possible as far as experiment. Solving by hand not possible I understand what your saying now and do agree.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: FruitsBasket on November 03, 2015, 08:54:11 AM

Quote from: ranochigo on November 03, 2015, 08:47:55 AM

Quote from: FruitsBasket on November 03, 2015, 08:40:24 AM

Quote from: ranochigo on November 03, 2015, 08:32:38 AM

Quote from: FruitsBasket on November 03, 2015, 08:21:32 AM

Quote from: ranochigo on November 03, 2015, 08:09:54 AM

Quote from: FruitsBasket on November 03, 2015, 07:58:31 AM

Quote from: ranochigo on November 03, 2015, 07:54:45 AM

Quote from: FruitsBasket on November 03, 2015, 07:49:35 AM

Quote from: notlist3d on November 02, 2015, 09:08:02 AM

Quote from: FruitsBasket on November 02, 2015, 05:14:54 AM

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading. Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc. But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price? And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

Very expensive. The ideal electrical costs should be below US$0.10. If you can get efficient hardware that is cheap, go for it. I hardly think there is any unless you buy an used one.

hmm, that is annoying. Why is it so cheap elsewehre?
So u guys suggest me to do cloudmining?

Different electricity generation method? Some have natural geothermal energy or electric dam.

Cloudmining does not give you the first hand experience of mining as it's hosted in the datacenter. Cloudmining would most probably not be profitable at all and it would just be a waste of money if the company doesn't scam you. Go for a USB miner. It doesn't hash fast but it is a great device to try mining from.

Okay the usb miners it will be, do I need per se a computer to make it mine? Or can I just plug it into the electricity net? So that I only need to set up my address through software? Or I need raspberry pi? And how much usb miners i can power with one raspberry pi?

You do need raspberry Pi as a low profile host. There are guides here. You cannot possibly power a USB miner with those ports on raspberry Pi. You do need a powered USB port, you can easily obtain them. The key is it must be powered, it must be able to be plugged into a power plug to supply it some power. You should also put a fan to cool them down. An example is this. I would assume that you can run loads of USB miners with powered ports.

So 1 raspberry pi would be enough to power as much miners as i want? The fan isn't the problem, that isn't too expensive. So if i would mine i would make loss right?

IIRC, the theoretical maximum was 127 (USB2) and 49 device in reality. There hasn't been much updates in the USB mining since it is vastly inefficient for mining in the masses. It would make a rather good Christmas decoration when it blings IMO.

Haha ROFL!
Also I would not buy 49 USB miners for a little farm, then it would be much better to buy an ASIC S5?
Isn't there any other way to mine? Because i saw a video once a guy solved a block within 30 minutes with pen and paper...