Considering to start solo mining, thoughts? - page 2.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: ChuckBuck on June 09, 2014, 03:31:30 PM

Quote from: jimmothy on June 09, 2014, 03:30:10 PM

Quote

God, when are you wrong?

Never.

Quote

What did I miss?

Code:

Nominal Power Consumption

2500 W*

*this is a preorder and dates/specs are guaranteed to be BS.

Lol for a company that shipped a ton of SP10s all over the globe.

How many Rxbox's have shipped yet?

Just like spongebobtech, rockminer has shipped their first product "all over teh globe". And they sold in stock not BTO. (Immediate shipping vs 2-4 weeks)

Rxboxes begin shipping on the 25th if everything goes right. And unlike spongebobtech they actually have working/tested hardware.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: jimmothy on June 09, 2014, 03:30:10 PM

Quote

God, when are you wrong?

Never.

Quote

What did I miss?

Code:

Nominal Power Consumption

2500 W*

*this is a preorder and dates/specs are guaranteed to be BS.

Lol for a company that shipped a ton of SP10s all over the globe.

How many Rxbox's have shipped yet?

jimmothy

hero member

Activity: 770

Merit: 509

Quote

God, when are you wrong?

Never.

Quote

What did I miss?

Code:

Nominal Power Consumption

2500 W*

*this is a preorder and dates/specs are guaranteed to be BS.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: jimmothy on June 09, 2014, 03:05:58 PM

Quote

SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.

Quote

Power supply costs and electrical costs negate the miner initial cost.

Also simply not true. A 750w atx psu is only $50 and monthly electricity costs per miner is another $50/month @ 0.1/kwh.

Rboxes will roi before september sp30s begin shipping..

What did I miss?

Quote

Item

SP30 - Yukon

Effective Hash Rate

6 TH/s ± 10%

ASIC

Total 30 Spondoolies-Tech Rocker ASICs

Controller

TI Sitara 1GHz (based on Beagle Bone Black)

Controller Board OS

Linux (embedded)

Mining Software

cgminer with custom plugin

Form Factor

2 U rack mountable (mounting ears required)

Network

Single 10/100 Ethernet port

Fans

4 X 80 mm

Power Supply

2 x 1200 W

Input Rating

90 - 264 VAC

Nominal Power Consumption

2500 W

Ambient Operating Temperature

0 °C to 35 °C

Emissions Compliance

FCC / CE

Safety Certification

CE

God, when aren't you wrong?

jimmothy

hero member

Activity: 770

Merit: 509

Quote

SP30 will be 2400 Watts for 6 TH/s!!!!

That's simply not true.

Quote

Power supply costs and electrical costs negate the miner initial cost.

Also simply not true. A 750w atx psu is only $50 and monthly electricity costs per miner is another $50/month @ 0.1/kwh.

Rboxes will roi before september sp30s begin shipping..

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: Groc on June 09, 2014, 12:35:10 PM

Quote from: xstr8guy on June 08, 2014, 07:36:44 PM

Quote from: SirChiko on June 08, 2014, 05:57:11 PM

Quote from: Groc on June 08, 2014, 05:56:07 PM

I'd think that you'd want around 10 Ths (10 000 Ghs) to make it worthwhile. also you'd probably want to add a THs every month or so.

Posted From bitcointalk.org Android App

I wouldn't even bother solo with this hashrate only 20+ if not more.

Right! And he'll only need 10,000 of those 2GHs Block Erupters to get to 20THs. Sounds like a great plan!

Silly, not the old block erupters. Maybe the new ones when the're done: https://github.com/blockerupter

I was talking about the new Gen3 AsicMiner Chips: https://bitcointalksearch.org/topic/annasicminer-publicly-looking-for-potential-customerspartners-for-new-chips-438359

Rockminer is using the new chips: http://www.rockminer.com/ , Good price too, 4 BTC for 2.6 THs = about $1.08/GH @ $700usb/BTC Grin

, but 1.2W/Ghs Undecided

Shipping starts June 25th.. that's pretty good too

The new Rx-Box doesn't come with power supplies, so you'll have to factor that into costs too. Roughly 750 watts per box or 3000 Watts for the whole 4 units. Meanwhile Spondoolies SP30 will be 2400 Watts for 6 TH/s!!!!

I'm not impressed with Asicminer Gen 3 at all, they suck balls efficiency wise. Power supply costs and electrical costs negate the miner initial cost.

Groc

sr. member

Activity: 560

Merit: 250

Bounty manager (https://t.me/Gudwinn)

Quote from: xstr8guy on June 08, 2014, 07:36:44 PM

Quote from: SirChiko on June 08, 2014, 05:57:11 PM

Quote from: Groc on June 08, 2014, 05:56:07 PM

I'd think that you'd want around 10 Ths (10 000 Ghs) to make it worthwhile. also you'd probably want to add a THs every month or so.

Posted From bitcointalk.org Android App

I wouldn't even bother solo with this hashrate only 20+ if not more.

Right! And he'll only need 10,000 of those 2GHs Block Erupters to get to 20THs. Sounds like a great plan!

Silly, not the old block erupters. Maybe the new ones when the're done: https://github.com/blockerupter

I was talking about the new Gen3 AsicMiner Chips: https://bitcointalksearch.org/topic/annasicminer-publicly-looking-for-potential-customerspartners-for-new-chips-438359

Rockminer is using the new chips: http://www.rockminer.com/ , Good price too, 4 BTC for 2.6 THs = about $1.08/GH @ $700usb/BTC Grin

, but 1.2W/Ghs Undecided

Shipping starts June 25th.. that's pretty good too

Groc

sr. member

Activity: 560

Merit: 250

Bounty manager (https://t.me/Gudwinn)

I think Knc still has a good reputation, since they are doubling everyone's first order for free for being late. pretty good customer service.

Posted From bitcointalk.org Android App

DrG

legendary

Activity: 2086

Merit: 1035

If you can say that you feel comfortable mining for 1 year and paying for electricity during that time and acknowledging that your balance may very well be 0 at that time then you can consider solo mining.

If you would get sick in your stomach from that, then just join a pool and enjoy the little satoshis trickling in every day.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: FlutterPie on June 08, 2014, 08:31:37 PM

Quote from: 5w00p on June 08, 2014, 08:28:50 PM

A L T C O I N S

Thats what I figured, can you give me tips.

You'll want to take alt coin conversations to the alt coin subforum or risk getting your posts deleted by a moderator.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: FlutterPie on June 08, 2014, 08:10:45 PM

Quote from: xstr8guy on June 08, 2014, 08:09:44 PM

Quote from: FlutterPie on June 08, 2014, 07:54:37 PM

So I really need at least 10TH/s for it to be at least remotely a good idea to solo mine?

No, with 10THs you're still playing the lottery by solo-mining. If you are hashing with less than several hundred THs these days it's much wiser to pool mine. Why the fascination with solo-mining?

Imagine waking up one day to 25 BTC in your wallet.

Imagine this more likely scenario...
Waking up every morning for many years with zero bitcoins in your wallet. Wink

FlutterPie

full member

Activity: 177

Merit: 100

Quote from: elgreco on June 08, 2014, 09:04:50 PM

I'll give you a real world example:

My 60GHS BFL Single costs a little less than $1/day to run. It has not solved a block since August '13.

I added two 200GHS antminers to my arsenal in February '14, and I have still not solved a block on my own since the block the 60ghs single got in August.

Well that sucks, so how do you suggest I start mining (any coins) to make even a little bit of money?

elgreco

full member

Activity: 147

Merit: 100

I'll give you a real world example:

My 60GHS BFL Single costs a little less than $1/day to run. It has not solved a block since August '13.

I added two 200GHS antminers to my arsenal in February '14, and I have still not solved a block on my own since the block the 60ghs single got in August.

FlutterPie

full member

Activity: 177

Merit: 100

Quote from: 5w00p on June 08, 2014, 08:28:50 PM

A L T C O I N S

Thats what I figured, can you give me tips.

FlutterPie

full member

Activity: 177

Merit: 100

Quote from: TheRealSteve on June 08, 2014, 08:20:11 PM

Quote from: FlutterPie on June 08, 2014, 08:10:45 PM

Imagine waking up one day to 25 BTC in your wallet.

At several hundred Thash/s, as proposed, you'd probably have to spend so much that you might as well buy 25 BTC Wink

You'd really have to decide if you want to be mining for some manner of reasonably guaranteed BTC mined - in which case you'll either need crazy amounts of hashing power if going solo, or you'll just have to join a pool like most people - or whether you'd really just go for the unlikely but thrilling idea of getting the BTC mined while using very little hashing power (like playing the lottery) - essentially more for fun than anything else.

Yeah I just thought it was something cool to think about. But Im not going to spend that much money. What coin do you suggest I mine for to at least be a little profitable?

Just a few weeks ago I was planning on buying like 5 or 6 sapphire R9 290x to mine with. But with all the asic scrypt miners, GPU's arent going to be profitable anymore are they?

I want to get started mining something, but am just very confused what to do.

5w00p

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A L T C O I N S

TheRealSteve

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Activity: 686

Merit: 500

FUN > ROI

Quote from: FlutterPie on June 08, 2014, 08:10:45 PM

Imagine waking up one day to 25 BTC in your wallet.

At several hundred Thash/s, as proposed, you'd probably have to spend so much that you might as well buy 25 BTC Wink

You'd really have to decide if you want to be mining for some manner of reasonably guaranteed BTC mined - in which case you'll either need crazy amounts of hashing power if going solo, or you'll just have to join a pool like most people - or whether you'd really just go for the unlikely but thrilling idea of getting the BTC mined while using very little hashing power (like playing the lottery) - essentially more for fun than anything else.

FlutterPie

full member

Activity: 177

Merit: 100

Quote from: xstr8guy on June 08, 2014, 08:09:44 PM

Quote from: FlutterPie on June 08, 2014, 07:54:37 PM

So I really need at least 10TH/s for it to be at least remotely a good idea to solo mine?

No, with 10THs you're still playing the lottery by solo-mining. If you are hashing with less than several hundred THs these days it's much wiser to pool mine. Why the fascination with solo-mining?

Imagine waking up one day to 25 BTC in your wallet.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: FlutterPie on June 08, 2014, 07:54:37 PM

So I really need at least 10TH/s for it to be at least remotely a good idea to solo mine?

No, with 10THs you're still playing the lottery by solo-mining. If you are hashing with less than several hundred THs these days it's much wiser to pool mine. Why the fascination with solo-mining?

FlutterPie

full member

Activity: 177

Merit: 100

So I really need at least 10TH/s for it to be at least remotely a good idea to solo mine?

Topic: Considering to start solo mining, thoughts? - page 2. (Read 2589 times)