will produce them tonight
*crickets*
Topic: Help increase network security, old hardware accepted (Read 3627 times)
will produce them tonight
*crickets*
will produce them tonight
Running obsolete hardware decreases the profitability of running newer, efficient hardware, preventing that efficient hashpower from going on the network.
It's a free market equilibrium thing where, long-term, the network isn't any more secure and you're losing money over a grid tie-in or from running efficient ASICs.
You might think "oh, well my hashpower isn't going to significantly impact others' decisions to purchase new mining hardware" - and to an extent, you're right. The impact's as insignificant as the security provided to the network.
/enthusiasm-quashing dick
A profitable alternative would be hosting others' efficient miners, who would be quite pleased to have access to cheap electricity (I'd guess you also have battery backup and the potential to use grid electricity if you had to, providing a relatively high level of redundancy, decreasing downtime).
It's a free market equilibrium thing where, long-term, the network isn't any more secure and you're losing money over a grid tie-in or from running efficient ASICs.
You might think "oh, well my hashpower isn't going to significantly impact others' decisions to purchase new mining hardware" - and to an extent, you're right. The impact's as insignificant as the security provided to the network.
/enthusiasm-quashing dick
A profitable alternative would be hosting others' efficient miners, who would be quite pleased to have access to cheap electricity (I'd guess you also have battery backup and the potential to use grid electricity if you had to, providing a relatively high level of redundancy, decreasing downtime).
1.5kW Grid tie solar (about 12kWhr a day in spring) + 300W wind turbine (planned) + 3 * 800W UPSs for storage and overnight running
Running obsolete hardware decreases the profitability of running newer, efficient hardware, preventing that efficient hashpower from going on the network.
It's a free market equilibrium thing where, long-term, the network isn't any more secure and you're losing money over a grid tie-in or from running efficient ASICs.
You might think "oh, well my hashpower isn't going to significantly impact others' decisions to purchase new mining hardware" - and to an extent, you're right. The impact's as insignificant as the security provided to the network.
/enthusiasm-quashing dick
A profitable alternative would be hosting others' efficient miners, who would be quite pleased to have access to cheap electricity (I'd guess you also have battery backup and the potential to use grid electricity if you had to, providing a relatively high level of redundancy, decreasing downtime).
It's a free market equilibrium thing where, long-term, the network isn't any more secure and you're losing money over a grid tie-in or from running efficient ASICs.
You might think "oh, well my hashpower isn't going to significantly impact others' decisions to purchase new mining hardware" - and to an extent, you're right. The impact's as insignificant as the security provided to the network.
/enthusiasm-quashing dick
A profitable alternative would be hosting others' efficient miners, who would be quite pleased to have access to cheap electricity (I'd guess you also have battery backup and the potential to use grid electricity if you had to, providing a relatively high level of redundancy, decreasing downtime).
Cranky sounds like you have a sick setup going, are there any pics?
Will post solar array and rigs in a few hours
Cranky sounds like you have a sick setup going, are there any pics?
Will post solar array and rigs in a few hours
Cranky sounds like you have a sick setup going, are there any pics?
Hi ppl,
Looking to maintain network security and have some older hardware you no longer use due to it now being uneconomical?
As an Australian based miner whom has been mining for the past ~2 1/2 years, I have been through GPUs + FPGAs and now have my own Jally. In order to maintain viability, I ploughed my profits not into the next generation of pre-order hardware but into a mid-sized stand alone renewable energy setup of hybrid solar and wind. This allows me to continue mining with equipment that retail grid connected deem to be uneconomical.
So rather than letting your old hardware become useless paperweights, please consider donating them to a long term solar farm which will keep hashing for as long as the hardware lasts and the sun shines.
I am happy to pay postage to get the gear here, Bendigo in regional Victoria (Australia), if you’re willing to donate it. Like supporting an orphan in a 3rd world country, I will send you regular snap shots of your newly housed and happy hardware.
Regards,
Cranky
Looking to maintain network security and have some older hardware you no longer use due to it now being uneconomical?
As an Australian based miner whom has been mining for the past ~2 1/2 years, I have been through GPUs + FPGAs and now have my own Jally. In order to maintain viability, I ploughed my profits not into the next generation of pre-order hardware but into a mid-sized stand alone renewable energy setup of hybrid solar and wind. This allows me to continue mining with equipment that retail grid connected deem to be uneconomical.
So rather than letting your old hardware become useless paperweights, please consider donating them to a long term solar farm which will keep hashing for as long as the hardware lasts and the sun shines.
I am happy to pay postage to get the gear here, Bendigo in regional Victoria (Australia), if you’re willing to donate it. Like supporting an orphan in a 3rd world country, I will send you regular snap shots of your newly housed and happy hardware.
Regards,
Cranky
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