Second to last post for this thread. I have nearly generated the sum to repay my current outstanding loan. Suffered a grid power failure over the weekend so I lost about 40 BTC of potential work as I wasn't able to make it out to my farm for a few days.
I have also secured funding through more traditional means at more favorable rates and will no longer require lending services from the community. I had hoped to keep my borrowing within the bitcoin economy but it did not make financial sense. Given my end goal of expansion, I needed lots of capital now versus a steady stream over the next 6-12 months. I appreciate those individuals who came forward to offer me loans, they were most appreciated. Those loans helped prod me along to invest more capital into bitcoin mining. The good news coming out of all of this is that p2pool should see a nice bump in the coming months. Thanks for everything guys.
Topic: Monthly loans for farm expansion (Read 2715 times)
I moved another rig out there today. Looking at just over 10 GH/s sustained with very exciting peaks around 11.5 GH/s seen with the variances in mining. I appreciate the messages with offers for my upcoming May round of funding. I have temporarily struck the listing from the original post as I am in negotiations over the terms for a loan. If my ability to take on more debt for expansion changes I'll bump this thread. Will update again when I move the last of my GPUs and bump throughput to the expected 13 GH/s.
Forgot, I have accumulated about 60% of the principal on my April loan. I'm generating around 6 btc/day at the moment so I project I'll have the April loan paid off about 10 days early. That date will move forward when I add the other 6 5970s.
The expansion has been a bit slow. Suffered a mysterious board death when I was disassembling the pair of quad 5970 rigs. It was a R3E that had already suffered horrible corrosion damage from condensation during some GPU overclocking. Oh well, replacement board inbound.
Right now I've moved everything except my 5970s to my remote location. The GPU stack below is generating ~7.6 GH/s, pulling ~3.2kw from 3 20 amp breakers. I'll be adding 1 more rig with a pair of aircooled 5970s to bring it up to ~9 GH/s and ~4kw. Just trying to keep the load on each breaker below 15 amps for safety.
Next week, once the replacement board arrives, I'll move the last 6 watercooled 5970s and bring that location up to ~13 GH/s and ~5.5kw. That'll bring me within 10 amps of tapping out the 120v breakers so I'll have to look in to utilizing the 240v connection for the next GPU expansion.
Currently exploring various options to increase my MH/w efficiency. Considering adding 4 to 5 BFL Singles as a start. Would like a mini rig but $15k is hard to fund.
Right now I've moved everything except my 5970s to my remote location. The GPU stack below is generating ~7.6 GH/s, pulling ~3.2kw from 3 20 amp breakers. I'll be adding 1 more rig with a pair of aircooled 5970s to bring it up to ~9 GH/s and ~4kw. Just trying to keep the load on each breaker below 15 amps for safety.
Next week, once the replacement board arrives, I'll move the last 6 watercooled 5970s and bring that location up to ~13 GH/s and ~5.5kw. That'll bring me within 10 amps of tapping out the 120v breakers so I'll have to look in to utilizing the 240v connection for the next GPU expansion.
Currently exploring various options to increase my MH/w efficiency. Considering adding 4 to 5 BFL Singles as a start. Would like a mini rig but $15k is hard to fund.
Quote
Loans repaid:
50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th.
50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th.
Repaid early, great customer, would lend again.
I have updated the first post. The 50 BTC loan from IBM has been repaid. A 162 BTC loan has been secured from a party who wished to remain anonymous. This weekend should see the setup of another ~2 GH/s of hardware to push me just over 10 GH/s. Do I get a prize?
Pending news on whether BFL is actually going to ship rev 3 Singles I may or may not place an order for a pair in May. My goal was to gradually transition to FPGAs by the reward drop and this just might be the time to do it. The ~200 BTC loan mentioned for May will be sourced if 1) BFL can deliver 2) my daily income will generate greater than 200 BTC in 30 days.
Be back in a few days with updates on the 2 GH/s expansion.
I wasn't faulting you, I use them as well. WalMart special for $16.
No worries, I was just explaining just in case someone wasn't familiar with box fans and their purpose in life.
Pending news on whether BFL is actually going to ship rev 3 Singles I may or may not place an order for a pair in May. My goal was to gradually transition to FPGAs by the reward drop and this just might be the time to do it. The ~200 BTC loan mentioned for May will be sourced if 1) BFL can deliver 2) my daily income will generate greater than 200 BTC in 30 days.
Be back in a few days with updates on the 2 GH/s expansion.
Yup, just using the boxfan to achieve some general airflow over the systems. They're currently setup in a less than optimal corner and I didn't want them to cook.
I wasn't faulting you, I use them as well. WalMart special for $16.
No worries, I was just explaining just in case someone wasn't familiar with box fans and their purpose in life.
Yup, just using the boxfan to achieve some general airflow over the systems. They're currently setup in a less than optimal corner and I didn't want them to cook.
I wasn't faulting you, I use them as well. WalMart special for $16.
Very nice looking setup.
Thanks. Hoping to cram 6 rigs on 3 shelves and have a pair of those at that location by the end of April.
Moved some gear to my new location.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
That is a big-ass fan. How hot do summers get in your area?
I'll have a high of around 80F outdoors. I've been told the interior stays in the 70s due to it being shaded and partially sunk in to the mountainside.
Moved some gear to my new location.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
That is a big-ass fan. How hot do summers get in your area?
That's a basic box fan. They don't blow as much as you'd think for their size.
Yup, just using the boxfan to achieve some general airflow over the systems. They're currently setup in a less than optimal corner and I didn't want them to cook.
Moved some gear to my new location.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
That is a big-ass fan. How hot do summers get in your area?
That's a basic box fan. They don't blow as much as you'd think for their size.
Moved some gear to my new location.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
That is a big-ass fan. How hot do summers get in your area?
Very nice looking setup.
Moved some gear to my new location.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Up to around 8.5 GH/s with gear split between two locations.
Loan principal has been accumulated from mining efforts. The interest will be worked off tomorrow and paid in full to IBM on ~Tuesday.
Sitting on another ~3 GH/s of GPUs, just need a pair of PSUs. At my remote location(the image above) I'll be rotating the current shelf 90 degrees when I add another shelf. These will then have a pair of box fans to get some circulation going. When I eventually thermally overwhelm this location I'll begin venting heat out a pair of windows near this corner. Ambient temperatures are around 50 degrees Fahrenheit during the day and around 30 degrees Fahrenheit at night and will be that way for the next two months or so. Suffice to say the cards are quite happy with the fans barely turning over.
Minor informative bump. 3/4 of the debt from the first loan has been generated. All my hardware will be moving to the new location one week from Saturday. Looks like I'll be installing around 11 GH/s of GPUs(if this last batch shows up in time) in the new location while running 1.2 GH/s of GPUs at home. Will update in a week. Expect to pay back the first loan around the 12th of April. Now back to watching various tracking numbers like a hawk 
Going to temporarily use Dropbox for image hosting until I find a more permanent solution that I'm happy with.
The Gomeler_HD5970x1 is my WCd 5970 rig that I'm currently adjusting for optimal efficiency. Gomeler_HD5830x1 is temporarily hosting a pair of 5830s as I re-wire/configure the 7 slot board to host all 7 5830s. These two rigs will be the first installation in the new location and will comprise ~5 GH/s.
Ordered a pair of GD-70s and Semprons. I'm going to use these boards to host the incoming 8 cards that I've ordered in the last few days and reserve the C4F and M4A79T for testing cards/configurations at home. Liquidated all remaining BTC and am contemplating picking up another 8 HD 5830s with resulting USD + personal cash. The incoming cards minus possible HD 5830s should add another 3 GH/s and will give me a good chance to monitor thermals at the new location. No sense immediately expanding to 10 GH/s and roasting everything.
Next update over the weekend as I assemble rigs.
The Gomeler_HD5970x1 is my WCd 5970 rig that I'm currently adjusting for optimal efficiency. Gomeler_HD5830x1 is temporarily hosting a pair of 5830s as I re-wire/configure the 7 slot board to host all 7 5830s. These two rigs will be the first installation in the new location and will comprise ~5 GH/s.
Ordered a pair of GD-70s and Semprons. I'm going to use these boards to host the incoming 8 cards that I've ordered in the last few days and reserve the C4F and M4A79T for testing cards/configurations at home. Liquidated all remaining BTC and am contemplating picking up another 8 HD 5830s with resulting USD + personal cash. The incoming cards minus possible HD 5830s should add another 3 GH/s and will give me a good chance to monitor thermals at the new location. No sense immediately expanding to 10 GH/s and roasting everything.
Next update over the weekend as I assemble rigs.
I currently mine for BTCGuild although as I scale out I will need to look in to either solo mining or mining for a pool with fewer/no fees. Need to cut out that 5% loss that I currently suffer with BTCGuild. Have you any suggestions?
EclipseMC is hop-proof and operates on purely optional fees. Inaba's a pretty decent fellow, too, and quickly solves problems. There's p2pool, but I haven't tested it enough to know how payout compares.Giving us your BTC Guild API key would allow us to be sure you're mining there at the speed you claim, making the loan seem pretty safe. AFAIK (and asked other lenders), there's no risk to you in sharing that outside of us being able to snoop.
ETA: Damn. BW jumped on this first.
Loans acquired:
50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th. Currently unpaid.
Verified.50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th. Currently unpaid.
Loans acquired:
50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th. Currently unpaid.
Verified. 50 BTC from IBM. Acquired March 19th. 55 BTC to be paid by April 20th. Currently unpaid.
I have accepted an offer from IBM for this round of funding. Original post updated with documentation. Will use this thread to contain various posts relating to this farm expansion. I'll pull down/host the graphs from BTCGuild tonight/tomorrow. Kludge and Burt can verify my output and as it changes.
IBM has sent you a PM.
Surprised(or not) that this forum doesn't permit attachments. Will upload the output graphs from BTCGuild in a few after I hammer out this fitment issue.
I've been mining for the last ~2 months with a 3 5970s and 6 5830s. Had some issues with a pair of 5970s that I bought but over the weekend I reconfigured the rat nest that was my waterloop and have 4 WCd 5970s on one rig. I am now re-working the rat nest that was my 6x 5830 rig to fit another card and make it easy to transport to this my new mining location. If this 7x 5830 rig works it'll likely form the building block for my farm.
That doesn't quite answer your question but I honestly have no clue how many coins I've mined in the last few months due to changing difficulties. I just pulled out 120 BTC from BTCGuild to fund some of the cards I've purchased in the last 36 hours and that took somewhere between 1 and 2 months I believe.
Yup, took your advice and posted a public thread to fund this.
How many coins per month are you pulling in?
I've been mining for the last ~2 months with a 3 5970s and 6 5830s. Had some issues with a pair of 5970s that I bought but over the weekend I reconfigured the rat nest that was my waterloop and have 4 WCd 5970s on one rig. I am now re-working the rat nest that was my 6x 5830 rig to fit another card and make it easy to transport to this my new mining location. If this 7x 5830 rig works it'll likely form the building block for my farm.
That doesn't quite answer your question but I honestly have no clue how many coins I've mined in the last few months due to changing difficulties. I just pulled out 120 BTC from BTCGuild to fund some of the cards I've purchased in the last 36 hours and that took somewhere between 1 and 2 months I believe.
He pm'd me earlier (John, it's lendee rather than lender - the lenders know what we're like).
Sensible approach - looking to establish credibility. Watching for now.
Sensible approach - looking to establish credibility. Watching for now.
Yup, took your advice and posted a public thread to fund this.
I currently mine for BTCGuild although as I scale out I will need to look in to either solo mining or mining for a pool with fewer/no fees. Need to cut out that 5% loss that I currently suffer with BTCGuild. Have you any suggestions?
EclipseMC is hop-proof and operates on purely optional fees. Inaba's a pretty decent fellow, too, and quickly solves problems. There's p2pool, but I haven't tested it enough to know how payout compares.Giving us your BTC Guild API key would allow us to be sure you're mining there at the speed you claim, making the loan seem pretty safe. AFAIK (and asked other lenders), there's no risk to you in sharing that outside of us being able to snoop.
ETA: Damn. BW jumped on this first.
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