Mining profitable again. | Bitcointalksearch.org

notlist3d

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Quote from: QuintLeo on November 03, 2015, 06:16:40 PM

S5 are profitable right now if

1) You already have one, or can pick it up cheap and have fairly cheap electric -or-
2) *IF* the current Bitcoin price surge lasts more than a few months AND you can pick up a S5 semi-cheap and have semi-cheap electric.

I don't anticipate the current price surge lasting all that long - but I've got enough existing miners to be happy if I'm wrong.

I've had one since it was released so it is pretty profitable still. A lot of mining is upfront risk. Sometimes you take a little bit more risk then you like to as a miner.

I just wish I did not sell my S4's at this point now. But cant be right all the time.

QuintLeo

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S5 are profitable right now if

1) You already have one, or can pick it up cheap and have fairly cheap electric -or-
2) *IF* the current Bitcoin price surge lasts more than a few months AND you can pick up a S5 semi-cheap and have semi-cheap electric.

I don't anticipate the current price surge lasting all that long - but I've got enough existing miners to be happy if I'm wrong.

newbitcoins

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Quote from: Amph on November 03, 2015, 02:28:33 AM

Quote from: 1990BEARS on November 03, 2015, 01:45:17 AM

i think s4/s5 are still very profitable if utilized correctly!

you mean if you heave very cheap electrcity, there is no other parameter to have to "utilize correctly" those miners

diff will skyrocket now with the new btc price, those miners will be useless in no time for small farms

I think he means you can underclock the miners to make them more power efficient. However, this might not be necessary during the high price environment. It is not necessary if you have low electricity cost.

notlist3d

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Quote from: Amph on November 03, 2015, 02:28:33 AM

Quote from: 1990BEARS on November 03, 2015, 01:45:17 AM

i think s4/s5 are still very profitable if utilized correctly!

you mean if you heave very cheap electrcity, there is no other parameter to have to "utilize correctly" those miners

diff will skyrocket now with the new btc price, those miners will be useless in no time for small farms

They can only pump out so many machines. With new price I think it will keep many profitable for quite a bit.

There are only data centers so they could build more that is true, and I'm sure some are. But with a spike like this it could as easily go other way, so I don't think we will be seeing you are thinking. Also hashrate is so high it takes quite a bit to move it. I mean were in 5+ right now and huge gain on value.

Amph

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Quote from: 1990BEARS on November 03, 2015, 01:45:17 AM

i think s4/s5 are still very profitable if utilized correctly!

you mean if you have very cheap electrcity, there is no other parameters to have to "utilize correctly" those miners

diff will skyrocket now with the new btc price, those miners will be useless in no time for small farms

1990BEARS

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i think s4/s5 are still very profitable if utilized correctly!

newbitcoins

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Bitmain cloud mining is the most reputable one. They are the manufacturer of the most used miner. Their pool is supported by their own miners.

notlist3d

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Quote from: QuintLeo on November 02, 2015, 04:17:56 AM

Quote from: notlist3d on November 02, 2015, 02:25:12 AM

Quote from: Tmdz on November 01, 2015, 11:33:15 PM

Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.

The thing is it takes a LOT of gear to do that 6 percent. I suspect Avalon and Bitmain both making gear right now. So it's going to be a larger number then we want. Guess we will see if I'm right in a week or two hopefully.

And even with 6 percent. The recent jump in value makes it still more profitable now then it was for most.

KnC has been rolling gear for their farm for a while.
Only Bitfury and probably a very few megafarmers know what BitFury is been doing.
Bitmain announced 500 more S7s available on Hashnest, that's a pretty fair chunk of hashing alone.
No clue where Lketc/BW.com are on the B-Eleven.
SFARDS is way overdue for a second batch of their miners, or a batch of a "replacement"/"upgraded" design.
No clue where Innosilicon is on their "leak announced" A3 (or whatever they are calling their next-gen chip).

On SFARDS I think they are gone. I don't expect to hear more from them. I think they decided to keep internal and mine with it. I could be wrong but that is my theory. They are completely dark as far as communication on the board.

On Innosilicon I think they will have a big effect on multiple miners. Chances are they are selling to a few companies. For example LKETC was really big partners with Innosilicon.

QuintLeo

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Quote from: notlist3d on November 02, 2015, 02:25:12 AM

Quote from: Tmdz on November 01, 2015, 11:33:15 PM

Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.

The thing is it takes a LOT of gear to do that 6 percent. I suspect Avalon and Bitmain both making gear right now. So it's going to be a larger number then we want. Guess we will see if I'm right in a week or two hopefully.

And even with 6 percent. The recent jump in value makes it still more profitable now then it was for most.

KnC has been rolling gear for their farm for a while.
Only Bitfury and probably a very few megafarmers know what BitFury is been doing.
Bitmain announced 500 more S7s available on Hashnest, that's a pretty fair chunk of hashing alone.
No clue where Lketc/BW.com are on the B-Eleven.
SFARDS is way overdue for a second batch of their miners, or a batch of a "replacement"/"upgraded" design.
No clue where Innosilicon is on their "leak announced" A3 (or whatever they are calling their next-gen chip).

QuintLeo

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There are places in Europe with inexpensive electric - generally close to hydropower plants like where KnC located their big farm complex.

Just isn't a ton of hydropower in most of Europe, which is a shame they have plenty of rivers that COULD be set up for hydropower.

On the other hand, a lot of those potential sites have a ton of folks LIVING on them, down side of Europe averaging so much more crowded than the US or especially Canada.

I'm not sure what the potential for inexpensive geothermal power (like Iceland has a fair bit of) is in most of Europe.

Amph

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Quote from: Xialla on October 31, 2015, 02:51:17 PM

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware.

no, it is not except some chinese mega farms next to power plants:) at least in whole Europe, I really can't imagine a place, where mining is profitable..

with the s7 is profitable up to 0.2 in electricity, which is 180 in cost per month, vs 360 in profit per month, still plenty of margin

so it's not profitable only if you pay 0.4 in electricity or more, i doubt this is the case, none is paying so much, it would be crazy

notlist3d

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Quote from: Tmdz on November 01, 2015, 11:33:15 PM

Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.

The thing is it takes a LOT of gear to do that 6 percent. I suspect Avalon and Bitmain both making gear right now. So it's going to be a larger number then we want. Guess we will see if I'm right in a week or two hopefully.

And even with 6 percent. The recent jump in value makes it still more profitable now then it was for most.

Tmdz

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Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.

notlist3d

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Quote from: VirosaGITS on November 01, 2015, 03:14:37 PM

Quote from: Xialla on October 31, 2015, 02:51:17 PM

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware.

no, it is not except some chinese mega farms next to power plants:) at least in whole Europe, I really can't imagine a place, where mining is profitable..

Sorry to hear Europe has crazy electricity price. Here in Québec we have hydro and its a few cents per kWh. And in the US there are a few profitable places too. China, Venezuella. There are a lot of places where it is cheap. And it is very profitable here.

So good thing to keep in mind if YOU want to profit. Buy miners and send it to hosting services in Québec, or China, etc.

Us is quite profitable in a lot of places. All depends around 10 cents right now BTC raised so much were doing quite well. I was doing ok at 230... so go over 300... and even better.

Europe really is hard with high VAT and electricity in a lot of places. If your viewpoint is from there yes its not good. Even some countries like Venezuela sound good for hobby miners, but look at big scale it's a scary place to invest big money with a government that can seize companies as they want.

VirosaGITS

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Quote from: Xialla on October 31, 2015, 02:51:17 PM

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware.

no, it is not except some chinese mega farms next to power plants:) at least in whole Europe, I really can't imagine a place, where mining is profitable..

Sorry to hear Europe has crazy electricity price. Here in Québec we have hydro and its a few cents per kWh. And in the US there are a few profitable places too. China, Venezuella. There are a lot of places where it is cheap. And it is very profitable here.

So good thing to keep in mind if YOU want to profit. Buy miners and send it to hosting services in Québec, or China, etc.

Xialla

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/dev/null

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware.

no, it is not except some chinese mega farms next to power plants:) at least in whole Europe, I really can't imagine a place, where mining is profitable..

chilewarx9

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Yo creo que para hashnest el minero s5 es el mejor por simple logica, este fue el mas rentable cuando el btc estaba a 230$ y ahora que los precios suben, sus porcentajes de ganancias a comisiones deberian ser menores, aparte como menciono un usuario en este debate son nuevos los s5 al fin y al cabo, personalmente creo que s5 sera el mejor por un buen tiempo hasta que los s7sean mas

Amph

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nah the maintanance fee will kill your roi anyway, because of the high fee the roi is still in the 8 months range, even with 330 per btc, also the diff is higher now

one s7 is doing only 0.038, about $400 per month, minus 1/10 in electricity if 0.05 per kw, and you have a net of 360

but the s7 cost almost 8 btc...

notlist3d

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Quote from: ?? on ??

Quote from: notlist3d on October 30, 2015, 11:50:15 PM

Quote from: ?? on ??

Quote from: thefaucetrunner on October 30, 2015, 05:36:42 PM

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware. This means more miners will turn their hardware to mine. Could it be a good bet to buy some S7 cloud services on the hashnest cloud mining platform?

What hardware specifically? I realized that the price of Bitcoin going up would have some impact on the miners out there. Is Hashnest actually a real operation? I'm so suspicious of these cloud mining gigs, I'd rather just get a miner and know that my money is being made in front of my eyes.

Mining is profitable anyway, it's just the price of the commodity goes up and down. If you dug up some gold you'd see the value regardless of the market price. A lot of Bitcoin users see the value.

Hashnest is the only legit one, their (bitmain) reputation is worth more than a fuck up with a ponzi, they sell petahashes to large mining operations.

You have read your signature right? "GHash.Exchange" = cloud mining exchange essentially

. Got me a laugh reading that with the sig.

It's true the bigger part of business is the UK exchange part. But it still does have a confirmed 1ph from bitfury.

Well I haven't personally used Bit-x to cloud mine but I know for a fact Hashnest is ran and owned by Bitmain and they aren't going to ruin their reputation over cloud mining. I have read the Bit-x is legit and they openly rent their hashrate from Bitfury but I have not used it and I have heard Genesis is legit and post their hashrate. I guess you can say i was being a bit too dramatic with my earlier post. There is a thread on the cloud mining here https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 .

I re-read my response and see it could come across as an ass. It was meant to be more jokingly, no offense intended.

Re-readng my post I could see how it count be taken very wrong. But best of luck on your mining, again no offense meant.

notlist3d

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Quote from: ?? on ??

Quote from: thefaucetrunner on October 30, 2015, 05:36:42 PM

Quote from: BTCBinary on October 30, 2015, 05:21:43 PM

Mining is profitable again for some old hardware. This means more miners will turn their hardware to mine. Could it be a good bet to buy some S7 cloud services on the hashnest cloud mining platform?

What hardware specifically? I realized that the price of Bitcoin going up would have some impact on the miners out there. Is Hashnest actually a real operation? I'm so suspicious of these cloud mining gigs, I'd rather just get a miner and know that my money is being made in front of my eyes.

Mining is profitable anyway, it's just the price of the commodity goes up and down. If you dug up some gold you'd see the value regardless of the market price. A lot of Bitcoin users see the value.

Hashnest is the only legit one, their (bitmain) reputation is worth more than a fuck up with a ponzi, they sell petahashes to large mining operations.

You have read your signature right? "GHash.Exchange" = cloud mining exchange essentially

. Got me a laugh reading that with the sig.

It's true the bigger part of business is the UK exchange part. But it still does have a confirmed 1ph from bitfury.

Topic: Mining profitable again. (Read 1589 times)