Author

Topic: Cheap HI-Power equipment (Read 1644 times)

hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
September 03, 2014, 01:56:37 PM
#18
Long story short:

I have almost free electrical energy. I need your recommendations on hardware where the important things are: Price (to be low), TH/h (to be high), Reliability (No over-heating).

I'm actually new, but I made a conclusion that if the hardware consumes less power and gives you more hashs it's pricey, so if the power consumption is irrelevant (high.. doesn't matter) then the hardware should be cheap?

What's your recommendations? Thanks in advance.

Best regards from Riyadh Smiley
Go for Ant Miners S1, they are cheap now ! Gather as many you can afford.
You will have ROI pretty soon !  Cool
hero member
Activity: 1372
Merit: 783
better everyday ♥
September 03, 2014, 11:20:14 AM
#17
If you have free and infinite power, get a bunch of Antminer S1s and overclock each and everyone of them.

Some users are selling for dirt cheap, in some cases just giving them away.  If you could get 100 of them and with cheap server PSU's for like $75 per Ant S1, you'd probably be in the green by late October/early November (equipment costs only).

Cooling costs is a whole other discussion.
full member
Activity: 195
Merit: 100
September 02, 2014, 02:25:42 PM
#16
If you go by the calculation at current rate...you buy any miner even with free electricity you won't break even.because the hardware manufacture have already put up the price higher...so they are once with most profit not the miners.
An S3 going into production today produces roughly .74 BTC before flatlining. Cost is .66 BTC + Power Supply. This assumes uniform 15% difficulty increases. Now, if I model a slow decrease to 10% difficulty increases by the end of the year and flat thereafter, that S3 will produce 0.9 BTC before flatlining.
full member
Activity: 145
Merit: 100
September 02, 2014, 06:12:40 AM
#15
there are many people on this earth with free electricity ...
this was the major advantage when using GPU's as the cost of GPU was same everywhere and the only variable was electricity cost which was huge..but now the asics has come the margin for electricity has come down and the device cost is also variable...so i would say whoever gets the miner/hardware for cheaper will win.so its not the who has free electricity but the guy who has free hardware or lesser priced hardware..

If you go by the calculation at current rate...you buy any miner even with free electricity you won't break even.because the hardware manufacture have already put up the price higher...so they are once with most profit not the miners.
sr. member
Activity: 457
Merit: 250
September 02, 2014, 05:12:38 AM
#14
If you wanna get in, go buy 2nd hand dragon units.. should be able to get a few units pretty cheap..

Or, go buy older gear and run it.. might be worth it if you really have free power. (everything will be a waste if btc prices doesnt rise though)
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
September 02, 2014, 05:07:47 AM
#13
In Saudi Arabia (Riyadh) I would have thought the biggest problem was keeping the miners cool.  You may need almost infinite free cooling to go with the almost infinite free electricity. 

Well, infinite power = infinite air conditioning. We're also assuming that he has infinite capital to go along with his infinite power.
full member
Activity: 203
Merit: 100
September 01, 2014, 07:43:43 PM
#12
In Saudi Arabia (Riyadh) I would have thought the biggest problem was keeping the miners cool.  You may need almost infinite free cooling to go with the almost infinite free electricity.  
sr. member
Activity: 261
Merit: 250
September 01, 2014, 06:54:31 PM
#11
Thank you guys on your answers. Let's say I have ∞W of electrical power for veeeeeery cheap price.

Infinite free power huh???  This must be that mythical unicorn power I keep hearing about...
legendary
Activity: 1904
Merit: 1007
September 01, 2014, 06:44:11 PM
#10
Yeah, it is. But I want to spend less money for the same hash rate.

If you have infinite power then just setup an amateur DC and host other's people miners and you can make some money out of that.

Why would you mess with all that?  If I had infinite almost free power I would rent a building close to mine and run underground cables to the other building.  I would then send the electricity into the other building where I sell it to the power company and make a profit.

I think that the power company will ask you a bit of questions about the source of your power. I think it's easier to sell the power to miners than to the power company. But I like your idea Smiley
donator
Activity: 1055
Merit: 1020
September 01, 2014, 06:31:03 PM
#9
Yeah, it is. But I want to spend less money for the same hash rate.

If you have infinite power then just setup an amateur DC and host other's people miners and you can make some money out of that.

Why would you mess with all that?  If I had infinite almost free power I would rent a building close to mine and run underground cables to the other building.  I would then send the electricity into the other building where I sell it to the power company and make a profit.
legendary
Activity: 1904
Merit: 1007
September 01, 2014, 05:52:18 PM
#8
Yeah, it is. But I want to spend less money for the same hash rate.

If you have infinite power then just setup an amateur DC and host other's people miners and you can make some money out of that.
legendary
Activity: 4242
Merit: 8515
'The right to privacy matters'
September 01, 2014, 05:50:07 PM
#7
Yeah, it is. But I want to spend less money for the same hash rate.

well you can buy the gear from asic miner  10 units are 7.9 btc  that gets you about 8.2th



https://bitcointalksearch.org/topic/block-erupter-tube-sales-information-thread-round4-price-at-1btc-per-ths-735728
newbie
Activity: 3
Merit: 0
September 01, 2014, 05:38:12 PM
#6
Yeah, it is. But I want to spend less money for the same hash rate.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
September 01, 2014, 05:24:54 PM
#5
Thank you guys on your answers. Let's say I have ∞W of electrical power for veeeeeery cheap price.

Isnt the answer simply everything then?
newbie
Activity: 3
Merit: 0
September 01, 2014, 05:24:07 PM
#4
Thank you guys on your answers. Let's say I have ∞W of electrical power for veeeeeery cheap price.
legendary
Activity: 1904
Merit: 1007
September 01, 2014, 05:20:39 PM
#3
How much "free"/cheap power do you have available? 1kW? 10kW? 100kW?
legendary
Activity: 4242
Merit: 8515
'The right to privacy matters'
September 01, 2014, 05:11:31 PM
#2
you are correct.  and i would consider ordering from this group buy.


https://bitcointalksearch.org/topic/asicminer-tube-group-buy-2-735982  good price if  you have cheap power
newbie
Activity: 3
Merit: 0
September 01, 2014, 05:08:35 PM
#1
Long story short:

I have almost free electrical energy. I need your recommendations on hardware where the important things are: Price (to be low), TH/h (to be high), Reliability (No over-heating).

I'm actually new, but I made a conclusion that if the hardware consumes less power and gives you more hashs it's pricey, so if the power consumption is irrelevant (high.. doesn't matter) then the hardware should be cheap?

What's your recommendations? Thanks in advance.

Best regards from Riyadh Smiley
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