Hi All, Could use some advice before buying a home miner or more cloud mining

rtm125

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Activity: 434

Merit: 10

Quote from: spazzdla on December 16, 2014, 04:24:26 PM

Operating costs have eating up all 3 of my attempts at cloud mining.

If you are paying 7 cents a KW/hour IMO it does not make sense to cloud mine.

Buy a Bitmain S3 from kijiji. Or something that has 1w/Ghash or less. Should not be paying more than 80 cents a Ghash either.

I bought 2.7 TH/s in cloud mining and got the C1 and a PSU as a test run at home. Just because of the water cooling so it is livable to sit next to it.

This is what I bought. https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

With this PSU.
http://www.newegg.com/Product/Product.aspx?Item=N82E16817438011

I am a computer repair tech. So I might of got a bit of overkill for the PSU but the price difference was like 30.00 for the other one I was looking at that was just a tiny bit over the minimum requirements.

spazzdla

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Activity: 1722

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Operating costs have eating up all 3 of my attempts at cloud mining.

If you are paying 7 cents a KW/hour IMO it does not make sense to cloud mine.

Buy a Bitmain S3 from kijiji. Or something that has 1w/Ghash or less. Should not be paying more than 80 cents a Ghash either.

ezeminer

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Activity: 2212

Merit: 1118

Lie down. Have a cookie

Quote from: rtm125 on December 12, 2014, 05:52:46 PM

Thank you klon for that information, exactly what I was looking for. The issue with the S4 is I don't have 13k to invest and 1400watts I feel like would pop a fuse in my house but mostly 13k to invest. if it was 700 sure I would try it lol.

They do have the s4's for $1200, or $800(coupon)+$135 shipping

picolo

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Activity: 1022

Merit: 500

Quote from: rtm125 on December 12, 2014, 04:56:50 AM

So I have BFL 50gh/s at home mining away on some alt coins. Not really relevant besides I can configure I miner to point to a pool I want.

I have investments at GAW (trying to get out of, seriously terrible decision), CEX.io, Havelock Investments and Hashie.co

Mostly what I wanted to know is I seem to paying cloud mining companies more for electricity then I pay myself at home. 0.07 USD per KW/h. Also I would really like the ability to at least have some control over where my investment is farming and how.

I have about 500.00 USD to get a miner that generates more money then it costs and something that comes as a complete kit (w/o PSU is ok) and that I don't have to rewire any part of my apartment for. As I am not supposed to and dam sure don't want to.

Miners I was looking at, Hopefully you guys have good input for me.

https://www.bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

https://zeusminer.com/product/bitmain-antminer-c1-1000ghs800wbtc-asic-miner/

https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

Ideally I would love a scrypt miner to play with.

Ohh and 1 final thing, Something that isn't so loud my wife divorces me over it lol. But seriously. Ideally I would like to purchase it with BTC but I can just convert it to USD if needed.

My advice is don't invest money before studying the company you are buying from and don't invest money you will need soon. Have fun!

rtm125

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Activity: 434

Merit: 10

Thank you klon for that information, exactly what I was looking for. The issue with the S4 is I don't have 13k to invest and 1400watts I feel like would pop a fuse in my house but mostly 13k to invest. if it was 700 sure I would try it lol.

mavericklm

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Activity: 742

Merit: 500

add some earplugs in the shoppingcart with the s4! Grin

klondike_bar

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Activity: 2128

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ASIC Wannabe

Quote from: rtm125 on December 12, 2014, 05:14:41 PM

Can you confirm that site I am looking at to purchase miners is not a scamming site? That it is the real companies site? Also any idea how long shipping normally takes?

go with the Bitmain S4 - its the most likely to be profitable and has a PSU built in, at a reasonable price if you use a coupon. At $0.07/kwh you could turn a small profit on it, or at least break even. bitmain takes about 4-6 days from payment to your doorstep with UPS or DHL

mavericklm

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Activity: 742

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Yes, that is the official site of bitmain!
Dunno about shipping, look in the bitmain threads!

rtm125

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Activity: 434

Merit: 10

Can you confirm that site I am looking at to purchase miners is not a scamming site? That it is the real companies site? Also any idea how long shipping normally takes?

mavericklm

hero member

Activity: 742

Merit: 500

i like c1 for quietness too!
got s1, s2, s3 and now i want silence Cheesy

rtm125

member

Activity: 434

Merit: 10

Thanks for the encouraging words guys lol. But my investments are making money. It may not be on the road to making me millions but they are generating a profit. So what do you guys think about the https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684 it seems like it would fill all my needs.

Also can you guys confirm that site is not a scammer site. I belive it is the real one but I saw a bunch of people calling bitmaintech scammers on here but i think that's when they were brand new.

sumantso

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Activity: 1050

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Quote from: rtm125 on December 12, 2014, 04:56:50 AM

So I have BFL 50gh/s at home mining away on some alt coins. Not really relevant besides I can configure I miner to point to a pool I want.

I have investments at GAW (trying to get out of, seriously terrible decision), CEX.io, Havelock Investments and Hashie.co

Mostly what I wanted to know is I seem to paying cloud mining companies more for electricity then I pay myself at home. 0.07 USD per KW/h. Also I would really like the ability to at least have some control over where my investment is farming and how.

I have about 500.00 USD to get a miner that generates more money then it costs and something that comes as a complete kit (w/o PSU is ok) and that I don't have to rewire any part of my apartment for. As I am not supposed to and dam sure don't want to.

Miners I was looking at, Hopefully you guys have good input for me.

https://www.bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

https://zeusminer.com/product/bitmain-antminer-c1-1000ghs800wbtc-asic-miner/

https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

Ideally I would love a scrypt miner to play with.

Ohh and 1 final thing, Something that isn't so loud my wife divorces me over it lol. But seriously. Ideally I would like to purchase it with BTC but I can just convert it to USD if needed.

Use that money to buy Bitcoins. Put them in cold storage and enjoy peace of mind.
They will remain super quiet too so the Mrs rtm will love it.

WaffleMaster

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Activity: 966

Merit: 546

Hardware mining is a losing game. Cloud mining is a double loss, because after it's all said and done you don't even have a paperweight to mount on your wall reminding you "Boy, that sure was dumb. Hopefully won't do anything like that again." People need physical reminders.

rtm125

member

Activity: 434

Merit: 10

I just watched a video about ANTMINER C1 Batch 2 and it seems super quite and smaller then I thought. Any ideas? Any concerns with this miner from anyone?

rtm125

member

Activity: 434

Merit: 10

So I have BFL 50gh/s at home mining away on some alt coins. Not really relevant besides I can configure I miner to point to a pool I want.

I have investments at GAW (trying to get out of, seriously terrible decision), CEX.io, Havelock Investments and Hashie.co

Mostly what I wanted to know is I seem to paying cloud mining companies more for electricity then I pay myself at home. 0.07 USD per KW/h. Also I would really like the ability to at least have some control over where my investment is farming and how.

I have about 500.00 USD to get a miner that generates more money then it costs and something that comes as a complete kit (w/o PSU is ok) and that I don't have to rewire any part of my apartment for. As I am not supposed to and dam sure don't want to.

Miners I was looking at, Hopefully you guys have good input for me.

https://www.bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

https://zeusminer.com/product/bitmain-antminer-c1-1000ghs800wbtc-asic-miner/

https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

Ideally I would love a scrypt miner to play with.

Ohh and 1 final thing, Something that isn't so loud my wife divorces me over it lol. But seriously. Ideally I would like to purchase it with BTC but I can just convert it to USD if needed.

Topic: Hi All, Could use some advice before buying a home miner or more cloud mining (Read 1385 times)