New 3 x S7 Miner Setup With 0.0066 $ Elect. Rate - page 2.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: BitCoinKuwait on February 07, 2016, 12:24:09 PM

Quote from: mwizard on February 07, 2016, 07:35:31 AM

Quote from: BitCoinKuwait on February 07, 2016, 03:41:17 AM

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

Just to check can you please give your electrical rate in fils per kWh.

Update - I see it really is that price. I'm amazed.

its 2 fils/kwh

You have a great price that is for sure. I have not heard of many miners in Kuwait, and love to learn more about different countries.

How stable is your power grid with a price that low? Also how is security is it safe to run a decent operation.

And best of luck with your operation.

BitCoinKuwait

newbie

Activity: 10

Merit: 0

Quote from: mwizard on February 07, 2016, 07:35:31 AM

Quote from: BitCoinKuwait on February 07, 2016, 03:41:17 AM

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

Just to check can you please give your electrical rate in fils per kWh.

Update - I see it really is that price. I'm amazed.

its 2 fils/kwh

Redrose

hero member

Activity: 756

Merit: 502

Quote from: mwizard on February 07, 2016, 07:35:31 AM

Quote from: BitCoinKuwait on February 07, 2016, 03:41:17 AM

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

Just to check can you please give your electrical rate in fils per kWh.

This rate don't surprise me. He come from a country where the water surely cost more than the gas.

mwizard

full member

Activity: 203

Merit: 100

Quote from: BitCoinKuwait on February 07, 2016, 03:41:17 AM

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

Just to check can you please give your electrical rate in fils per kWh.

Update - I see it really is that price. I'm amazed.

Atomicat

legendary

Activity: 952

Merit: 1002

Quote from: BitCoinKuwait on February 07, 2016, 03:41:17 AM

i`m sorry i was busy setting up and monitor the antminers

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

now i`m using AntPool and i`m getting 0.05 average payment for the last 5 days with PPLNS as payment method.

should i try CK Pool or wait ?

PS: i just placed an order for the 4th antminer s7 it will be shipped after 16th of Feb

thanks guys for the replays

Its a really good electricity rate you got there. You should consider buying used miners that are less efficient than buying the most efficient ones in brand new condition.

BitCoinKuwait

newbie

Activity: 10

Merit: 0

i`m sorry i was busy setting up and monitor the antminers

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait

now i`m using AntPool and i`m getting 0.05 average payment for the last 5 days with PPLNS as payment method.

should i try CK Pool or wait ?

PS: i just placed an order for the 4th antminer s7 it will be shipped after 16th of Feb

thanks guys for the replays

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Myffas on January 25, 2016, 11:20:40 PM

Quote from: BitCoinKuwait on January 25, 2016, 04:14:13 AM

Hello,

i`m waiting for my order of 3 antminer S7 (14.19 TH/s Total) with 3 PSU expected to be delivered this week and the Electricity Rate in my country is 0.0066$.

i want your help about what to do next ?

- Pool mining OR Self mining ?
- if its Pool mining what pool should i go with ? and what is the best Pay out method ?

and i`ll appreciates any advice from you guys:)

thanks

Are you sure about the number of "0" in your electricity rate ? If it's acurate you should definetly look into buying used miners instead of paying for such efficient miners as S7.

I'm guessing most likely no. Still is a not a horrible electricity at .06 he should do ok for near future. Hard to predict anything far ahead.

Also we can let this thread go dont think op is reading it:
Date Registered: January 25, 2016, 07:17:48 AM
Last Active: January 25, 2016, 10:22:22 AM

Myffas

member

Activity: 94

Merit: 10

Quote from: BitCoinKuwait on January 25, 2016, 04:14:13 AM

Hello,

i`m waiting for my order of 3 antminer S7 (14.19 TH/s Total) with 3 PSU expected to be delivered this week and the Electricity Rate in my country is 0.0066$.

i want your help about what to do next ?

- Pool mining OR Self mining ?
- if its Pool mining what pool should i go with ? and what is the best Pay out method ?

and i`ll appreciates any advice from you guys:)

thanks

Are you sure about the number of "0" in your electricity rate ? If it's acurate you should definetly look into buying used miners instead of paying for such efficient miners as S7.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: BitCoinKuwait on January 25, 2016, 04:14:13 AM

Hello,

i`m waiting for my order of 3 antminer S7 (14.19 TH/s Total) with 3 PSU expected to be delivered this week and the Electricity Rate in my country is 0.0066$.

i want your help about what to do next ?

- Pool mining OR Self mining ?
- if its Pool mining what pool should i go with ? and what is the best Pay out method ?

and i`ll appreciates any advice from you guys:)

thanks

Defintally go with pool I would say if you want sure thing of mining BTC. There are some different pools out there you need to decide if you want PPS with the two biggest pools do. Or you might take PPLNS and support a pool such as ckpool that a lot like to support.

I see deciding the type of pay you want as biggest thing, and then picking pool you want to support.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

You should definitely go with Pool mining with those and you would get good amount of shares with them. When I used to mine I used https://mining.bitcoin.cz/ and their really great and fast payment upon reaching the threshold. Make sure to choose the nearest server to you and depending on statistics, you could choose to either go with the one that has more hash power but with lesser reward or with the lesser hash power but with more reward upon finding each block. Regarding the payout method, I would say set it to 0.05 for the automatic payouts to your wallet.

DrG

legendary

Activity: 2086

Merit: 1035

Pool mine - solo mining with your rate is the same as throwing 1 entry at a lottery

Which pool - you should try out several pools and see which ones your miner gets the best speed based on your particular location. Make sure to set backups in case 1 pool goes down.

Usually the pool determines the payout method.

BitCoinKuwait

newbie

Activity: 10

Merit: 0

Hello,

i`m waiting for my order of 3 antminer S7 (14.19 TH/s Total) with 3 PSU expected to be delivered this week and the Electricity Rate in my country is 0.0066$.

i want your help about what to do next ?

- Pool mining OR Self mining ?
- if its Pool mining what pool should i go with ? and what is the best Pay out method ?

and i`ll appreciates any advice from you guys:)

thanks

Topic: New 3 x S7 Miner Setup With 0.0066 $ Elect. Rate - page 2. (Read 1998 times)