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I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.
That's the thing. It would probably pay back, maybe even make a profit IF it arrived when it was supposed to. After reading all the stories of 6+ months late delivery, that hashing power just lost 70% value. Unfortunate truth
I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.
That's the thing. It would probably pay back, maybe even make a profit IF it arrived when it was supposed to. After reading all the stories of 6+ months late delivery, that hashing power just lost 70% value. Unfortunate truth
Maybe? I'm out at least 25 BTC if that's all that I had mined @ 2Th/s since late February.
Sorry about that.
I personally wanted t buy one of those Butterfly Lab Jalapenos (5GH/s) when ASIC mining started to pick up. Initially they sold it for cheap prices and I calculated nice profit on it. I decided however not to buy (was unsure about investment). And judging on how fast the difficulty grew, I would have been pushed out of mining fast enough.
I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.
That's the thing. It would probably pay back, maybe even make a profit IF it arrived when it was supposed to. After reading all the stories of 6+ months late delivery, that hashing power just lost 70% value. Unfortunate truth
Maybe? I'm out at least 25 BTC if that's all that I had mined @ 2Th/s since late February.
I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.
That's the thing. It would probably pay back, maybe even make a profit IF it arrived when it was supposed to. After reading all the stories of 6+ months late delivery, that hashing power just lost 70% value. Unfortunate truth
Use free energy to power your miner before "they" block out the sun, I found 4.8kW for under $45 on ebay for eg.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
I think those DIY cells are 70W in total, for 45$. (40 pieces of 1.8 Watt peak cells.) Would be fun though to connect all of them manually.
Mining solo is good when you are hipster, masochist or dumb person. Mining with outdated equipment is like being extremely retarded and stupid. If you want to mine purchase some high end ASIC or buy some cloud mining contract and you will be fine.
Because those pay back well...
I think this thread is more for hobbyists than for profit-seeking people who want to invest 5000$ in a single piece of equipment.
Perhaps you're correct the price does seem suspiciously low, I just saw 70W and timesd it by 40 lol. In any case I've been told the DIY solar kits can be cost effective.
I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.
Use free energy to power your miner before "they" block out the sun, I found 4.8kW for under $45 on ebay for eg.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
I think those DIY cells are 70W in total, for 45$. (40 pieces of 1.8 Watt peak cells.) Would be fun though to connect all of them manually.
Mining solo is good when you are hipster, masochist or dumb person. Mining with outdated equipment is like being extremely retarded and stupid. If you want to mine purchase some high end ASIC or buy some cloud mining contract and you will be fine.
Because those pay back well...
I think this thread is more for hobbyists than for profit-seeking people who want to invest 5000$ in a single piece of equipment.
Mine for real yo!
Mining solo is good when you are hipster, masochist or dumb person. Mining with outdated equipment is like being extremely retarded and stupid. If you want to mine purchase some high end ASIC or buy some cloud mining contract and you will be fine.
Use free energy to power your miner before "they" block out the sun, I found 4.8kW for under $45 on ebay for eg.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined
I've been advised to wire straight 12V for everything.
Someone in the thread ever found a block in solo?
I haven't yet but its only been a week for me. Had the one hit in 6.6 billion, other than that is been usually in the double digit million.
Someone in the thread ever found a block in solo?
I cobble together old garden solar panels and am in the middle of converting some old ceiling fans to low power generators (~150W each). Pump everything through a small battery bank in a 400W UPS which powers the following solo mining gear (for as long as the juice is available);
1. Celeron dual core laptop
2. Jally 7GHs
3. R-box 32GHs
Using the UPS I have soft start up / shut down and the system runs about 8~14 hours per day.
I normally pool mine with this set-up but am looking to solo mine now that the returns are so low for pools.
I am on the scrounge for any old low power miners people have lying around. e.g. USB stick miners. As these only use a few Watts each, I can slowly expand the gear whilst adding more 'solar garden lights' to compensate.
1. Celeron dual core laptop
2. Jally 7GHs
3. R-box 32GHs
Using the UPS I have soft start up / shut down and the system runs about 8~14 hours per day.
I normally pool mine with this set-up but am looking to solo mine now that the returns are so low for pools.
I am on the scrounge for any old low power miners people have lying around. e.g. USB stick miners. As these only use a few Watts each, I can slowly expand the gear whilst adding more 'solar garden lights' to compensate.
Nice setup/Idea!
Have you considered using e.g. a Raspberry Pi instead of a laptop? You might get a little more time out of it, energy wise. Also watch the battery bank, if you always deplete it to 0% (based on a daily operation of 8-14h a day this happens) then it will degrade faster. I guess for a small project it's OK.
I have a Block Erupter lying around which I'm not using at the moment, but I'm planning to put it "back in business" soon and let it have some fun. Might as well try to make a similar project as you.
I cobble together old garden solar panels and am in the middle of converting some old ceiling fans to low power generators (~150W each). Pump everything through a small battery bank in a 400W UPS which powers the following solo mining gear (for as long as the juice is available);
1. Celeron dual core laptop
2. Jally 7GHs
3. R-box 32GHs
Using the UPS I have soft start up / shut down and the system runs about 8~14 hours per day.
I normally pool mine with this set-up but am looking to solo mine now that the returns are so low for pools.
I am on the scrounge for any old low power miners people have lying around. e.g. USB stick miners. As these only use a few Watts each, I can slowly expand the gear whilst adding more 'solar garden lights' to compensate.
1. Celeron dual core laptop
2. Jally 7GHs
3. R-box 32GHs
Using the UPS I have soft start up / shut down and the system runs about 8~14 hours per day.
I normally pool mine with this set-up but am looking to solo mine now that the returns are so low for pools.
I am on the scrounge for any old low power miners people have lying around. e.g. USB stick miners. As these only use a few Watts each, I can slowly expand the gear whilst adding more 'solar garden lights' to compensate.
What about if you make sure that latency of ISP connection is very low, not using a very long ethernet cable, connecting the cable modem directly to the mining computer, running a slim streamed Windows XP SP3 installation entirely on a RAM drive [in my case, I have an ACARD 24GB DDR2 SATA Ram Drive] in order to obliterate the seek times you would normally see on a standard platter based SATA hard drive and even the ram drive would beat any SSD drive in terms of seek times.
Since mining involves first downloading block(s) which will first get stored on the hard drive, and then loaded onto the system's RAM to be analyzed and then the results uploaded back to serving nodes, do you think that solo mining under a very low latency internet connection, under a computer with a ram drive installed to lesser data seek times and uploading the results back to serving nodes with little latency, will that cause me to find a block first before the ASIC's out there gets a chance to process the data?
Will this work? Has anyone ever tried anything like this? If so, what was the result.
I haven't tried it due to not having sufficient time due to work, but I will try if I can see a positive confirmation from others.
Since mining involves first downloading block(s) which will first get stored on the hard drive, and then loaded onto the system's RAM to be analyzed and then the results uploaded back to serving nodes, do you think that solo mining under a very low latency internet connection, under a computer with a ram drive installed to lesser data seek times and uploading the results back to serving nodes with little latency, will that cause me to find a block first before the ASIC's out there gets a chance to process the data?
Will this work? Has anyone ever tried anything like this? If so, what was the result.
I haven't tried it due to not having sufficient time due to work, but I will try if I can see a positive confirmation from others.
If you're lucky enough, you can be struck by lightning
I mean it's hard to mine 1BTC now, the chance is just too little.
I mean it's hard to mine 1BTC now, the chance is just too little.
Thanks for giving me the heads up guys! Silly me, I could have wasted time and money on this but now thanks to your valuable input I will save money.
solo mining is okay but not with outdated equipment, its just a waste of electricity and time..
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tell me about it. wouldn't be bad for a $20 ebay investment.
sure, depending on how much time you got for that investmentI got a 2g+ share on 14mh/s, that gave me a merge mined DOGE block
i sell this crap now
wtf, why would i waste valuable non-replenishable energy resources on such nonsense
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