Topic: Free unlimited electricity... where to start? - page 2. (Read 4945 times)

Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
        Muhammed Zakhir

Yeah they pulled the same thing BFL did with their minirig.  Well, it would be better suited for the home user.  The problem is it will be overpriced.  So the only people who would buy them (other than those who remained pre-order) would be clueless customers - and we have a lot of those.

Either way both will hit the network at the same time.  We might be seeing a couple of 20 or 30% jumps.

Stopped reading after that.   

True, but have you seen the Neptunes, it's not 1 case or enclosure anymore.  It's just 5 600 GH/s boxes now:



You know people will buy farms of the S3, and it'll definitely be cheaper than the Neptunes.  Bitmain already has 20% of the network hash rate, I could easily see it go to a third if the S3 is priced right.

But yes, with both Bitmain and KNC releasing around the same time, all miners profits will be cut into immensely.

That depends on timing.  1 week could mean the difference between profit and loss, especially with KNC about to pump out their Q1/Q2 Neptunes supposedly.

I would agree with you, until the news of the Antminer S3 struck like thunder yesterday.

If you got free electric, the S3 is the way to go.

God is the only source of infinite energy, all other forms of energy are finite. Or rather, the energy won't disappear, but the increased entropy would render it useless for generating electricity at some point.

anyway, mining with computers will get you nowhere in bitcoin. If you really want to abuse your free god-source of infinite electricity you should consider buying a shitload of ASIC miners. (I wonder how long you will keep getting free electricity, and how long it would take for the cops to check if you are not running a weed plant).

Anyway with your computer it would be best to mine monero or dogecoin or something.

Buy Antminer S1's. You can get them damn cheap because they aren't that efficient anymore. But you don't care about efficiency.

You'll need power supplies and network access.

 

well here i got some free electricity too ... but canot mine some alt coins i dont have any gpu or a miner but still happy..

What site? And how much do you really make JS-mining?

hi I am also a degree Greetings from Indonesia

for about mine because I do not have the tools so expensive, but I often nambang in some particular mining site

well it seems you can make a lot of coin just to sit sit and wait: D

free unlimited electricity?

then here is idea to make pure profit

sell electricity to other as you have unlimited at free of cost

Cheers guys some really good info. You're right these would be 16A

As for heat I wouldn't see as too much of an issue as I live in Scotland and it's always cold but I wouldn't intend to have such a powerful rig to draw that much heat.

It's not a dream really. I have an opportunity (i've checked the rental contract and there are no issues rising about electricity) I have spare power sockets that aren't doing anything and just wanted to see what my options are.

You guys were great at giving those options a real big help.

So now I have 3 options

A) Do Nothing and just work in office as per
b) use existing rig to farm some over night alt coints
c) invest some money into a few antminers or something.

Cheers again guys... now to ponder. 

Theft?

Free and unlimited you say.

--

Biodigestor. Like these systems:

http://www.grobergreen.com/delft-blue-veal-biogas-process/

http://www.grobergreen.com/electricity-for-excrement/

http://www.ridgetownc.uoguelph.ca/research/documents/fleming_Final_Report_Ontario_Pork.pdf

With this:

http://www.allied-control.com/datatank/flat-rack

I bet that is the best / cheapest and green solution you could hope to find. Marry a pig farmers daughter?

Plus also remember that if you're mining you will be generating a lot of heat.  Even with "free" electricity you will need some device t remove that heat.

If you're not willing to outlay a significant amount of money for miners your best proposition would be to host ASICs for others.  But the risk involved is that you have to insure them.  It's not unheard of for some of these units to arc or catch fire.  Last thing you want is to have the place go up in flames and then have 10 miners yelling at you demanding payment for their burned ASICs.

There are a few other people who do collocation - PM them for ideas.

Hello there and welcome,

You almost certainly have 1 16amp ring main. There may be a 32 but it's almost certainly not as they're mainly used for kitchens.

All these plugs will run off this one circuit.

Each Terraminer uses 2.1kw roughly 9amps

Free electricity is great but you need lots to run multiple ASIC miners.

Having 7 power points of included electricity is awesome, but certainly not unlimited.

If you are going to get into mining, find out the limits. Max current draw per point, max draw overall.

Perhaps the points are divided among more than one circuit, so work that out and max draw per circuit. To find out circuits, go to the breaker box and turn off a circuit, then find out which power points are off using a lamp to plug in to each one. Label those points as circuit 1 and label the breaker switch with a 1. Do the same with all the circuits.

Hire an electrician for 30 mins to look at your circuits and advise on max limits of everything. For example, they may say that each point is 10A, each circuit is 16A, and total power to your office is 60A. Assuming you are on 240V, this means max power draw is 10x240=2,000W for each point, 16x240=3,840W for each circuit, and 60x240=14,400W overall.

However, that is the peak load the wiring can handle. For continuous power draw (e.g. mining 24x7) we can only draw 80% of the peak. So for example 1,920W per point, 3,072W per circuit, and 11,520W total.

Respect all the limits. If there are two points on a circuit we are limited by the circuit, ie about 3kW for those two points (rather than 2x1.9kW). We also need to leave headroom to actually run the business. Work this out, and leave something e.g 2kW for that. So the max mining is about 9.5kW in this made-up example.

The other thing to think about before you acquire too many miners is the heat. Basically all of that power is converted to heat. If you need to run air conditioning, that takes a chunk out of the remaining power (9.5kW in this example). I don't know how much air con you need, it all depends on the efficiency of the air con unit. You may need 3.2kW of air-con to cool 6.3kW of mining gear. So we're down to about 6kW of power for mining.

The next thing to think about is the noise.

So start with one small miner and see if it will work for you from a heat and noise point of view. You also get experience mining to see if it is your thing.

I think you may want to confirm first what free electricity means.  Yes a lot of places like yours have included electricity in the rent, but they may have escape provisions if you start sucking down 20k watts per hour or something.
Realistically, you are going to have to spend money.  I guess with some alt coins you could pull in like 10 bucks a week with what you already have but I don't think that is what you have in mind.

Well hosting wouldn't be a problem, but trust would.  What I mean is, no one is going to just mail thousands of dollars of equipment to someone they don't know.  Whats more, you have no experience whatsoever; even if we could trust you in the sense that you won't steal our stuff, you obviously won't know how to run, maintain, or even setup the equipment. 

So not trying to shoot down your dream or anything, just some things you need to think about.

If you have free electricity, first step is to buy a shit ton of asic miners!   

That Mickey Mouse rig ain't going to cut it.

You'll need to invest multi TH/s worth of Asic equipment that'll ship within a week, no pre-orders.  Pre-orders will just tie up your investment for months on end, and there's absolutely nothing you can do about it.  Buy equipment that's either in stock, in hand, or that ships within a week.

I'd suggest buying a small miner, like a Rockminer R-box or an Antminer S1 just to get your feet wet and see if mining is for you.  Lots of setup, maintenance, pool watching, and hardware and software monitoring involved to ensure uptime and optimal hash rate.  Then if it's right up your alley, ask in this forum for pointers to the right equipment, then pounce on some 1 TH/s+ equipment.

Hope this helps.

Chuck