KanoPool kano.is lowest 0.9% fee 🐈 since 2014 - Worldwide - 2432 blocks - page 1345.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: edonkey on July 12, 2016, 10:24:48 PM

I don't like the idea of chanting Ohm because it's a measure of resistance, which means heat and is not conducive to mining.

How about we chant Ammppppp instead?

has to end in an mmmmm Grin

or not

https://www.youtube.com/watch?v=DsqvVCm7VqY

edonkey

legendary

Activity: 1150

Merit: 1004

I don't like the idea of chanting Ohm because it's a measure of resistance, which means heat and is not conducive to mining.

How about we chant Ammppppp instead?

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: philipma1957 on July 12, 2016, 07:04:40 PM

All of us blockheads are chanting

Going to put the blockheads on overtime. Grin

wmabern

hero member

Activity: 658

Merit: 500

Visualize whirledps

Quote from: Aplayer on July 12, 2016, 09:01:21 PM

1st block of the day

of many, I hope! Cheesy

Aplayer

member

Activity: 103

Merit: 10

Future Eternitizen

1st block of the day

firetreeactual

legendary

Activity: 952

Merit: 1003

Well...finally took the plunge and overclocked Dopey, Sneezy, Sleepy, Bashful, Grumpy, and Happy (S3s) to 243. Temps are good. No x's. HW rate isn't awful. Maybe I'll go the last notch if these hold well (and the breaker doesn't blow again...inside joke).

EDIT: OK...back to 237 for a bit...got a couple of x's...guess I have to add a couple of pigtails to the gridseed and give them the other two PCIe feeds.

beltsniffer

sr. member

Activity: 277

Merit: 250

Quote from: AriesIV10 on July 12, 2016, 05:19:32 PM

Quote from: 813bits on July 12, 2016, 04:33:12 PM

Quote from: philipma1957 on July 12, 2016, 04:08:43 PM

I would love to and that is the con of the solar array is big for private array 2 acres plus the home's roof and the barn's roof. with all that room we don't have as much power as we want.

I was talking with two investors about a 40 acre farm and the single most killing factor is the New York State laws against bitcoin. We are in New Jersey and we fear NJ may pass the same laws that would basically make hosting btc or alt coins a crime if done large scale (a 40 acre solar array would be large scale).
40 acre farm would be 2.6 mega watts peak which is 400kwatts to 500kwatts 24/7/365 days or 4000 to 5000th say 4 ph.

That = $$$ one $ for the gear and $$ for the array. At wholesale the 40 acre array is 1.3 to 1.5 million and the s-9s are 200k psu's

and a building ,wires net etc we are pushing 2 million. Then the NJ state say no and poof to a lot of money.

This scale op does not get the rebates that the smaller array gets. So the bigger money guys are dragging feet.

But If you are smaller and have the right setup it is viable. Varies state to state

This screams hosting business to me rather than mining business. Just on the back of a napkin I see $2,914 p/day mining @ $660 p/BTC vs $26,666 p/day hosting @ $80 p/s9. If my fuzzy math hasn't failed me, then a 2 million $ investment in a 40 acre site hosting 333 S9's (4000 TH / 12 TH = 333 S9's) would ROI in 75 days...that ain't bad at all. And if that math is right (which I am about to pivot to Excel), I may be out looking for 40 acre parcels and investors in FL tomorrow.

I AGREE! Hosting + Mining is even MORE profitable! The problem is someone there with experience to manage the place. The place being Washington State. I am seriously thinking about buying a warehouse and setting up shop. I have the ability of relocating for a while to get a place setup.

Needs to be Eastern Washington though, in the Columbia River area. I live a little north of Seattle, in Everett, and we pay 9.8 cents per kwh to the PUD (8.9 cents per kwh for businesses). Which is about is just barely profitable for an s7, since the halving anyway.
I would host with Toomim, but being a WA resident, I would have to pay sales tax. Which defeats most of the savings I would gain. And nothing against Eastern Washington, but I wouldn't want to live there. Way too hot in the summer for my taste. I thought about Oregon Mines, but after paying for shipping, it doesn't save me that much.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

All of us blockheads are chanting

firetreeactual

legendary

Activity: 952

Merit: 1003

...Mine on... Grin

wmabern

hero member

Activity: 658

Merit: 500

Visualize whirledps

Hey, Mr. Block, come on down, damn it! Grin

One more before the days mining comes to a close.

AriesIV10

legendary

Activity: 1260

Merit: 1006

Mine for a Bit

Quote from: 813bits on July 12, 2016, 04:33:12 PM

Quote from: philipma1957 on July 12, 2016, 04:08:43 PM

I would love to and that is the con of the solar array is big for private array 2 acres plus the home's roof and the barn's roof. with all that room we don't have as much power as we want.

I was talking with two investors about a 40 acre farm and the single most killing factor is the New York State laws against bitcoin. We are in New Jersey and we fear NJ may pass the same laws that would basically make hosting btc or alt coins a crime if done large scale (a 40 acre solar array would be large scale).
40 acre farm would be 2.6 mega watts peak which is 400kwatts to 500kwatts 24/7/365 days or 4000 to 5000th say 4 ph.

That = $$$ one $ for the gear and $$ for the array. At wholesale the 40 acre array is 1.3 to 1.5 million and the s-9s are 200k psu's

and a building ,wires net etc we are pushing 2 million. Then the NJ state say no and poof to a lot of money.

This scale op does not get the rebates that the smaller array gets. So the bigger money guys are dragging feet.

But If you are smaller and have the right setup it is viable. Varies state to state

This screams hosting business to me rather than mining business. Just on the back of a napkin I see $2,914 p/day mining @ $660 p/BTC vs $26,666 p/day hosting @ $80 p/s9. If my fuzzy math hasn't failed me, then a 2 million $ investment in a 40 acre site hosting 333 S9's (4000 TH / 12 TH = 333 S9's) would ROI in 75 days...that ain't bad at all. And if that math is right (which I am about to pivot to Excel), I may be out looking for 40 acre parcels and investors in FL tomorrow.

I AGREE! Hosting + Mining is even MORE profitable! The problem is someone there with experience to manage the place. The place being Washington State. I am seriously thinking about buying a warehouse and setting up shop. I have the ability of relocating for a while to get a place setup.

813bits

newbie

Activity: 47

Merit: 0

Quote from: philipma1957 on July 12, 2016, 04:08:43 PM

I would love to and that is the con of the solar array is big for private array 2 acres plus the home's roof and the barn's roof. with all that room we don't have as much power as we want.

I was talking with two investors about a 40 acre farm and the single most killing factor is the New York State laws against bitcoin. We are in New Jersey and we fear NJ may pass the same laws that would basically make hosting btc or alt coins a crime if done large scale (a 40 acre solar array would be large scale).
40 acre farm would be 2.6 mega watts peak which is 400kwatts to 500kwatts 24/7/365 days or 4000 to 5000th say 4 ph.

That = $$$ one $ for the gear and $$ for the array. At wholesale the 40 acre array is 1.3 to 1.5 million and the s-9s are 200k psu's

and a building ,wires net etc we are pushing 2 million. Then the NJ state say no and poof to a lot of money.

This scale op does not get the rebates that the smaller array gets. So the bigger money guys are dragging feet.

But If you are smaller and have the right setup it is viable. Varies state to state

This screams hosting business to me rather than mining business. Just on the back of a napkin I see $2,914 p/day mining @ $660 p/BTC vs $26,666 p/day hosting @ $80 p/s9. If my fuzzy math hasn't failed me, then a 2 million $ investment in a 40 acre site hosting 333 S9's (4000 TH / 12 TH = 333 S9's) would ROI in 75 days...that ain't bad at all. And if that math is right (which I am about to pivot to Excel), I may be out looking for 40 acre parcels and investors in FL tomorrow.

813bits

newbie

Activity: 47

Merit: 0

Quote from: AriesIV10 on July 12, 2016, 02:26:59 PM

Here is some analysis that I have noticed for me. I have to apologize upfront for showing my cash flow openly. I am wanting to help those in their analytics and to solidify mine. I do have a couple more S9s at another location but are not included in these numbers:

8 S9s, 43 S7s and 27 PSUs (~300TH/s).

Average Blocks per day over the past 4 months (got this from Phillip - Thanks):
* Mar 2016, 129 Blocks, 4.16 Blks/Day
* Apr 2016, 134 Blocks, 4.47 Blks/Day
* May 2016, 126 Blocks, 4.07 Blks/Day
* Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average blocks per day

Today July 12, 2016 my pool (Kano.is) has hit 4 blocks so far totaling $218.55 in my farm of ~300TH/s: $218.55/4=$54.64 per block; $54.64 x 4.275 ave per day = $233.58 ave per day; $233.58 * 30 days per month = $7007.26 ave profit per month.

Payments per month:
27 Miners and 27 PSUs = $80 x 27 = $2,160.00 Colocation and Maint Costs
24 Miners and 24 Rented PSUs ($5 each) = $85 x 24 = $2,040 Colocation and Maint Costs
Total Cost for 51 Miners, 27 owned PSUs and 24 Rented PSUs = $4,200.00

Profits per month = $7,007.26
Colo and Maint per mo = $4,200.00

Net = $2,807.26

I am hoping that these numbers will help others see that mining is still profitable.

..and if I wanted to achieve a net profit of $2,807.26 per month, I would have to spend roughly $38,500 (see below for fuzzy math).

8 S9's @ $1975 ea = $15,800
43 S7's @ $440 ea = $18,920
27 PSU's @ $140 ea = $3,780

38,500 / 2,807.26 = 13.71 months to ROI

Now obviously there are 3 pretty big variables that play into the monthly cash flow and we all know what they are, so I am not going to regurgitate them. If the price of BTC drops to $330, then your ROI goes from 13.71 months to infinity, but at the end of the day that analysis comes down to when you choose to exchange your BTC for USD. You can run at a loss for years and then BTC jumps to $2,000 and then all of a sudden you were a genius;-)

I am a profitable miner and not trying to knock mining, but there are so many variables that dictate profitability, and everyone has a different strategy.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: citronick on July 12, 2016, 03:52:11 PM

Quote from: philipma1957 on July 12, 2016, 03:44:48 PM

Well we are a lot off topic ,but find some one with cheap power or die may be the tune for a lot of us.

I went all s-9 paid high money for the five. earned back 3.5 coins so far. But I am now far ahead of the power curve and will play the waiting

game.

and most of my power is low cost.

Your solar farm, I think is the best strategy moving forward - sure it has pros and cons.

If you ever thinking of doing the hosting business, let me know Wink

I would love to and that is the con of the solar array is big for private array 2 acres plus the home's roof and the barn's roof. with all that room we don't have as much power as we want.

I was talking with two investors about a 40 acre farm and the single most killing factor is the New York State laws against bitcoin. We are in New Jersey and we fear NJ may pass the same laws that would basically make hosting btc or alt coins a crime if done large scale (a 40 acre solar array would be large scale).
40 acre farm would be 2.6 mega watts peak which is 400kwatts to 500kwatts 24/7/365 days or 4000 to 5000th say 4 ph.

That = $$$ one $ for the gear and $$ for the array. At wholesale the 40 acre array is 1.3 to 1.5 million and the s-9s are 200k psu's

and a building ,wires net etc we are pushing 2 million. Then the NJ state say no and poof to a lot of money.

This scale op does not get the rebates that the smaller array gets. So the bigger money guys are dragging feet.

But If you are smaller and have the right setup it is viable. Varies state to state

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: philipma1957 on July 12, 2016, 03:44:48 PM

Well we are a lot off topic ,but find some one with cheap power or die may be the tune for a lot of us.

I went all s-9 paid high money for the five. earned back 3.5 coins so far. But I am now far ahead of the power curve and will play the waiting

game.

and most of my power is low cost.

Your solar farm, I think is the best strategy moving forward - sure it has pros and cons.

If you ever thinking of doing the hosting business, let me know Wink

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Well we are a lot off topic ,but find some one with cheap power or die may be the tune for a lot of us.

I went all s-9 paid high money for the five. earned back 3.5 coins so far. But I am now far ahead of the power curve and will play the waiting

game.

and most of my power is low cost.

firetreeactual

legendary

Activity: 952

Merit: 1003

Quote from: wmabern on July 12, 2016, 02:35:42 PM

Quote from: wolfen on July 12, 2016, 02:28:23 PM

Saw that the s9s sold out again. Is there a place to buy them?

I wish people would stop buying them at that price so they will finally lower the price. Undecided

EDIT: You can find way over-priced S9's on Amazon and Ebay.

Yup...I've seen them for as much as US$2800. Nuts. I'm keeping in mind the same thing...same profile...happened with the S7s. Patience, Grasshoppers...

Re ROI...I don't buy a piece of hardware (miner) until I've accumulated enough btc to pay for it from existing ops. My original cash investment was ROI back in December. All since then has been born of the predecessors. I simply see it as investment. AriesIV10 put it pretty clearly, and it basically matches my numbers (except for the volume, of course...although back in the 80s, if there had been a Bitcoin then, I would have given him a run for it).

Adding only one S9 to my DC gang would double my net, as part of my hash is free powered. I withhold a certain percentage of all received rewards for a "power reserve" to make the 90-day payment for amps and psu's. I had been holding 25%, then lowered it to 16% (before the halving) due to good rewards; I'm now putting it back to 25%, which is interestingly not double the 16%...but it looks like it'll work for where my costs are centered. So...the halving is what it is, but what it is not is earth-fracturing. Cool

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: AriesIV10 on July 12, 2016, 02:26:59 PM

Here is some analysis that I have noticed for me. I have to apologize upfront for showing my cash flow openly. I am wanting to help those in their analytics and to solidify mine. I do have a couple more S9s at another location but are not included in these numbers:

8 S9s, 43 S7s and 27 PSUs (~300TH/s).

Average Blocks per day over the past 4 months (got this from Phillip - Thanks):
* Mar 2016, 129 Blocks, 4.16 Blks/Day
* Apr 2016, 134 Blocks, 4.47 Blks/Day
* May 2016, 126 Blocks, 4.07 Blks/Day
* Jun 2016, 132 Blocks, 4.40 Blks/Day

4.275 average blocks per day

Today July 12, 2016 my pool (Kano.is) has hit 4 blocks so far totaling $218.55 in my farm of ~300TH/s: $218.55/4=$54.64 per block; $54.64 x 4.275 ave per day = $233.58 ave per day; $233.58 * 30 days per month = $7007.26 ave profit per month.

Payments per month:
27 Miners and 27 PSUs = $80 x 27 = $2,160.00 Colocation and Maint Costs
24 Miners and 24 Rented PSUs ($5 each) = $85 x 24 = $2,040 Colocation and Maint Costs
Total Cost for 51 Miners, 27 owned PSUs and 24 Rented PSUs = $4,200.00

Profits per month = $7,007.26
Colo and Maint per mo = $4,200.00

Net = $2,807.26

I am hoping that these numbers will help others see that mining is still profitable.

This nett profit will be true, assuming you have ROIed the Antminers.

Otherwise the true profits will be long time coming (ie. ROI period is too long)

I think this is why many are jittery in making that investment in BTC mining, in general, in my humble opinion.

flameruk

full member

Activity: 196

Merit: 100

Quote from: wmabern on July 12, 2016, 02:35:42 PM

Quote from: wolfen on July 12, 2016, 02:28:23 PM

Saw that the s9s sold out again. Is there a place to buy them?

I wish people would stop buying them at that price so they will finally lower the price. Undecided

EDIT: You can find way over-priced S9's on Amazon and Ebay.

$50 cheaper on openbaazar.
Hope they do drop in price, really want one or two or three or four .....
Just can't justify the price at the moment.

flameruk

full member

Activity: 196

Merit: 100

Quote from: kano on July 12, 2016, 08:47:48 AM

Now for the expanding world of kano.is nodes ...

I've added another new node nl.kano.is in amsterdam, that anyone can mine to

This is somewhat of an attempt at a replacement for the DK node, but both will run in parallel for a short while.
If I do (probably) end up shutting down the DK node, I'll simply point DK to NL

DK has been a little unreliable, and one of the initial things that the provider said about upgrading their out of date KVM software, they still haven't done, so the NL node is a better performer than the DK node.

If anyone tries it out and compares the DK and NL nodes from wherever they, let me know how it fares for you.

Hi Kano, hope you are well.
I'm mining to the DK node so I'll change them to NL now.
I'll let you know if there are any issues.

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