New to Mining | Bitcointalksearch.org

wege12

newbie

Activity: 14

Merit: 0

Quote from: ChuckBuck on January 16, 2015, 05:30:43 PM

Quote from: wege12 on January 16, 2015, 05:17:11 PM

Now that I have both an S1 and S5 mining at the same time, is it recommended that I use a separate worker for each miner or can they both use the same one?

Same worker is fine for both. You'll barely notice the hash rate difference at the pool with the S1 included anyway, due to variance. It'll probably fluctuate between 1100 to 1300 GH/s total poolside.

Thank you. Now I was just looking at my S5 miner status and it turns out that it has about twice as many discarded shares (40,000) as it does accepted shares (about 20,000) after it has been running for 15 1/2 hours. My S1 after it has been running for 1 day and 7 hours shows 39,500 accepted and about 7,000 discarded. This doesn't seem right that the s5 has such a high discard rate and is churning out shares at almost the same rate as the s1. What is the deal or is this not of concern?

Also, is it normal for a pool to only find 1-3 blocks a day? I think I may need to find a better pool than I'm in currently. What are everyone's thoughts on ELIGIUS's pool?

Thanks for the help guys!

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: wege12 on January 16, 2015, 05:17:11 PM

Now that I have both an S1 and S5 mining at the same time, is it recommended that I use a separate worker for each miner or can they both use the same one?

Same worker is fine for both. You'll barely notice the hash rate difference at the pool with the S1 included anyway, due to variance. It'll probably fluctuate between 1100 to 1300 GH/s total poolside.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: xstr8guy on December 30, 2014, 08:57:46 AM

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

It depends on how his house is heated. If he has electric heat, then his electricity costs are effectively zero. All the energy used to run the miner is subtracted from the energy needed to heat the house. He just has to turn it off when the weather gets warm!

wege12

newbie

Activity: 14

Merit: 0

Now that I have both an S1 and S5 mining at the same time, is it recommended that I use a separate worker for each miner or can they both use the same one?

cryptopaddles

newbie

Activity: 68

Merit: 0

Run away as fast as you can. Mining bitcoin arty this stage is just throwing money away at this point

alh

legendary

Activity: 1846

Merit: 1052

Quote from: wege12 on January 06, 2015, 02:52:08 PM

No I get what you're saying it just came off a little rude I guess. Forget I said anything.

Anyways for those of you wondering, keep in mind I DO NOT pay for electricity, I have an antminer s1 running and just ordered an antminer s5 while it was 15% off. As one of the guys said above, I could easily see this hobby become an addiction of mine.

Also, does anyone know where I might be able to get my hands on the antimer s1 upgrade kit? Thanks

Just a cautionary note on "free electricity". Somebody, somewhere is paying for the electricity that you use. Maybe it's included in your rent. Maybe it's at your parents house. What you may find is that there are limits to the amount of "free electricity" that you can actually use, though it's not obvious at this point. If it's included your rental, that's great, until you use "too much". You might well find that your lease has a "reasonable" clause associated with electricity usage. You might also find that where you are running your miner(s) has limits on the actual wiring and such. It wouldn't be hard to buy some much gear that you can't run it without popping breakers or causing other electrical problems.

Just something for you to consider about "free electricity".

wege12

newbie

Activity: 14

Merit: 0

Quote from: xstr8guy on December 30, 2014, 07:15:09 PM

Quote from: wege12 on December 30, 2014, 09:48:39 AM

Quote from: xstr8guy on December 30, 2014, 08:57:46 AM

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

I'm not doing this to get rich. It's more of just a hobby really. No need to try and belittle people on an internet forum.

Any concerns about my bitcoin wallet when switching out my hard drive for an SSD?

Well, as far as hobbies go, I guess it's a cheap price to pay. Some hobbies could cost you 10's of thousands of dollars.

And is this your first time on an internet forum? Just asking.

No I get what you're saying it just came off a little rude I guess. Forget I said anything.

Anyways for those of you wondering, keep in mind I DO NOT pay for electricity, I have an antminer s1 running and just ordered an antminer s5 while it was 15% off. As one of the guys said above, I could easily see this hobby become an addiction of mine.

Also, does anyone know where I might be able to get my hands on the antimer s1 upgrade kit? Thanks

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: xstr8guy on December 30, 2014, 08:57:46 AM

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

I tend to agree with you but without really knowing what he pays for electric we really don't know. Some up in the Northwest say they have ultra low electric cost. But really $15 will be either a cheap learning experience or an addiction.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: wege12 on December 30, 2014, 09:48:39 AM

Quote from: xstr8guy on December 30, 2014, 08:57:46 AM

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

I'm not doing this to get rich. It's more of just a hobby really. No need to try and belittle people on an internet forum.

Any concerns about my bitcoin wallet when switching out my hard drive for an SSD?

Well, as far as hobbies go, I guess it's a cheap price to pay. Some hobbies could cost you 10's of thousands of dollars.

And is this your first time on an internet forum? Just asking.

goozman96

hero member

Activity: 728

Merit: 500

All you need is your wallet.dat, I believe. Keep that file saved somewhere and transfer it to your new drive afterwards.

wege12

newbie

Activity: 14

Merit: 0

Quote from: xstr8guy on December 30, 2014, 08:57:46 AM

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

I'm not doing this to get rich. It's more of just a hobby really. No need to try and belittle people on an internet forum.

Any concerns about my bitcoin wallet when switching out my hard drive for an SSD?

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Why do people think an S1 will ever earn $15 after electricity costs?! Before you factor in the cost of electricity, it only earns $0.80 per day. And at 2w/GHs it will probably cost a $1.00 per day to run, lol.

Have fun and get rich! What could possibly go wrong? Roll Eyes

wege12

newbie

Activity: 14

Merit: 0

Quote from: BTCish on December 29, 2014, 07:34:48 AM

bitmain has a good miners, you got exelent deal 200gh/s for15$, where ?

Found a deal on Amazon.

I recently bought a SSD for my laptop and was wondering berfore I install if there are any complications while swapping hard drives and re installing windows in regards to my bitcoin wallet?

MarketNeutral

sr. member

Activity: 406

Merit: 252

I won't tell you what to buy or how to mine, but I will remind you to keep your mining area clean, dust-free, and cool. Makes a difference.

BTCish

full member

Activity: 182

Merit: 100

bitmain has a good miners, you got exelent deal 200gh/s for15$, where ?

kpitti

legendary

Activity: 924

Merit: 1002

Quote from: wege12 on December 29, 2014, 12:19:02 AM

What are your thoughts on buying two of these?
https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

I think it`s a good product as Bitmain is good. I did not have personal experience with C1, but with S1,S2 and S3 miners.
You need good PSU ready.

If you want to buy it I cen give you coupon:
AntMiner C1 Coupon 50 USD but it`s valid till To 2014-12-30 11:10:00 only.
If you want it, send me yout Bitmain ID and I will donate coupon to you.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

Quote from: Mabsark on December 23, 2014, 04:43:38 AM

Quote from: goozman96 on December 21, 2014, 09:34:58 PM

Quote from: wege12 on December 20, 2014, 05:54:48 PM

Thank you guys for your advice. It is much appreciated. I ended up not going with either of the ones I listed in the OP, but instead paid less than $15 for a 200 Gh/s miner.

Thanks again!

Sounds like you got a pretty good deal. You'll definitely be able to ROI with that in less than a month.

That would depend upon the J/GH of the miner and the cost of electricity. Breaking even in less than a month is highly unlikely.

Yup, this. The OP probably bought a S1 which is very inefficient in terms of electric use. Unless he has very cheap or free electricity then he will unlikely be able to ROI after electric costs.

IMO the OP would be better off buying the S5 which is ~450 shipped to the US and is much more power efficient then the S3+ or the C1

wege12

newbie

Activity: 14

Merit: 0

What are your thoughts on buying two of these?
https://www.bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

goozman96

hero member

Activity: 728

Merit: 500

Quote from: Mabsark on December 23, 2014, 04:43:38 AM

Quote from: goozman96 on December 21, 2014, 09:34:58 PM

Quote from: wege12 on December 20, 2014, 05:54:48 PM

Thank you guys for your advice. It is much appreciated. I ended up not going with either of the ones I listed in the OP, but instead paid less than $15 for a 200 Gh/s miner.

Thanks again!

Sounds like you got a pretty good deal. You'll definitely be able to ROI with that in less than a month.

That would depend upon the J/GH of the miner and the cost of electricity. Breaking even in less than a month is highly unlikely.

Regards of power costs, paying that much for that much hashing power is guaranteed ROI, as long as Bitcoin's price doesn't nosedive. It's basic math.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: wege12 on December 07, 2014, 12:25:34 AM

I'm thinking about buying some mining hardware and have a few questions. I looked online and stumbled upon the following products

https://bitmaintech.com/productDetail.htm?pid=00020141016120002527iTkNypAG06C9

https://www.bitmaintech.com/productDetail.htm?pid=00020141015100808946Nj1LM03y0650

What is your opinion on the two pieces of hardware?

What would I need to do to them mining bitcoins?

Thank you.

Neither. You should've sprang for this instead:

https://bitmaintech.com/productDetail.htm?pid=000201412220650169743S9QlmHx069D

Add inexpensive PSU, mooch off Mom's electricity, and voila, profit in no time(90 days)!

Topic: New to Mining (Read 3024 times)