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Topic: Newbie here - which low budget miner to get? (Read 2335 times)

legendary
Activity: 1456
Merit: 1000
February 20, 2016, 01:40:16 PM
#29
Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.

With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit.

Having is still a LONG time away in mining terms though.  And we talk about having as some big thing... but if you look at data since January 13th ... we have almost haved just look at data:

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%   

So we make it sound like this big horrible thing but we did it in a month and a half in difficulty changes.
newbie
Activity: 70
Merit: 0
February 20, 2016, 12:01:04 PM
#28
Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.

With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit.
legendary
Activity: 1456
Merit: 1000
February 08, 2016, 06:14:35 AM
#27

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.

s7 was pointless after all, it did not last too much, because of the halving they were forced to go fast with another new asic(16nm)

those who were mining with s5, had not urgency to buy the s7, the best strategy would have to remain with s5 until the new 16 nm asic, and skip the s7 completely

Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.
legendary
Activity: 3248
Merit: 1070
February 08, 2016, 02:17:28 AM
#26

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.

s7 was pointless after all, it did not last too much, because of the halving they were forced to go fast with another new asic(16nm)

those who were mining with s5, had not urgency to buy the s7, the best strategy would have to remain with s5 until the new 16 nm asic, and skip the s7 completely
legendary
Activity: 1456
Merit: 1000
February 07, 2016, 11:00:42 AM
#25

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.
newbie
Activity: 70
Merit: 0
February 07, 2016, 05:56:07 AM
#24

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

I think S7 is the better of the two. However, when the 16 nm miner come out, it will be in toast as well.
legendary
Activity: 3248
Merit: 1070

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 now, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point
legendary
Activity: 1456
Merit: 1000

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

You can't make blanket statements like this there are far to many variables to be able to actually say this.  Look at electricity price it could make and break your comment.   

There is a point where only S7 would be profitable and S5 would not be if high electricity.   Some with high electricity can buy mine for a little bit then try to sell for a ROI.  It is kinda like gambling but there are some that still do it.
newbie
Activity: 70
Merit: 0

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.
legendary
Activity: 3248
Merit: 1070
December 17, 2015, 05:47:35 AM
#20

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you
legendary
Activity: 1456
Merit: 1000
December 16, 2015, 01:09:20 PM
#19
IF you can get your hands on some S3 ++ id buy them Smiley_ . notice i said S3 ++ not S3 +, i could have bought some over the summer but passed it up or saw it to late to buy at least two S3 ++, after, i noticed it said ++. now i can't get any in the US.

I think a few made it stateside.  But it was a very very few on S3 ++ your right on most not making it here to US was not offered on site to US. 


They were an interesting Miner but not sure that is worth trying to find one. Efficiency will be marginally better than an S3, but if you want string power then better to just go for the S5 with the better BM1384 ASIC, which I think the S3++ was possibly a trial for?

Rich

If I were to guess I would guess it was a trial for internal as much as anything.   It was not really widespread as I think just China's site had it.   So guessing they wanted all the efficiency they could get.

I would agree with there are a TON of S3/S3+ that causes lower price and much easier to find then S3++.  And going up to S5 is not a bad idea that phil mentioned.  All kinda depends on electricity  which his is decent.  With difficulty going up though might be worth looking into S5 or other miners around it.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
December 16, 2015, 09:34:47 AM
#18
IF you can get your hands on some S3 ++ id buy them Smiley_ . notice i said S3 ++ not S3 +, i could have bought some over the summer but passed it up or saw it to late to buy at least two S3 ++, after, i noticed it said ++. now i can't get any in the US.

I think a few made it stateside.  But it was a very very few on S3 ++ your right on most not making it here to US was not offered on site to US. 


They were an interesting Miner but not sure that is worth trying to find one. Efficiency will be marginally better than an S3, but if you want string power then better to just go for the S5 with the better BM1384 ASIC, which I think the S3++ was possibly a trial for?

Rich
  and if he gets a newer s-5 he can under volt for better efficiency you have a long thread on that.
hero member
Activity: 588
Merit: 500
December 16, 2015, 09:26:04 AM
#17
IF you can get your hands on some S3 ++ id buy them Smiley_ . notice i said S3 ++ not S3 +, i could have bought some over the summer but passed it up or saw it to late to buy at least two S3 ++, after, i noticed it said ++. now i can't get any in the US.

I think a few made it stateside.  But it was a very very few on S3 ++ your right on most not making it here to US was not offered on site to US. 


They were an interesting Miner but not sure that is worth trying to find one. Efficiency will be marginally better than an S3, but if you want string power then better to just go for the S5 with the better BM1384 ASIC, which I think the S3++ was possibly a trial for?

Rich
sr. member
Activity: 408
Merit: 259
December 16, 2015, 09:25:37 AM
#16

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.
legendary
Activity: 1456
Merit: 1000
December 16, 2015, 09:14:47 AM
#15
IF you can get your hands on some S3 ++ id buy them Smiley_ . notice i said S3 ++ not S3 +, i could have bought some over the summer but passed it up or saw it to late to buy at least two S3 ++, after, i noticed it said ++. now i can't get any in the US.

I think a few made it stateside.  But it was a very very few on S3 ++ your right on most not making it here to US was not offered on site to US.  With current electricity OP seems to have I would not count on S3 (or plus models) or dragon a1.  I think he will have to go newer if he want's it to pay for operation like he said.

Only thing on S3 dont get batch 1.  It was hit/miss we got refunds as some were a tad slower.  If you go buying and get a S3+ you know it's not a batch one with slower speed (or you can have owner show speed before buying on S3 regular to make sure it is up to speed)

legendary
Activity: 1274
Merit: 1000
December 16, 2015, 06:28:27 AM
#14
IF you can get your hands on some S3 ++ id buy them Smiley_ . notice i said S3 ++ not S3 +, i could have bought some over the summer but passed it up or saw it to late to buy at least two S3 ++, after, i noticed it said ++. now i can't get any in the US.
newbie
Activity: 70
Merit: 0
December 16, 2015, 04:48:23 AM
#13

the s-3's are better in the sense they are light and easy to move.  they run pretty quiet and there are low cost fans for it to be even quieter.

 if you are in the usa lots of good psu's are around. you will need cheap power for these units. if you want to earn a profit.


I think you can also mod the s3 to reduce the voltage and frequency so that they are more efficient and last longer.

member
Activity: 84
Merit: 10
★777Coin.com★ Fun BTC Casino!
December 15, 2015, 09:30:37 PM
#12
I would go with the Antminer setup, the S3's are built like tanks, and (if good ones) will overclock to 250mhz for roughly 1TH of performance.

I would go with an s3 also.  I have one and it really runs great, not to loud either.
I am not sure about 1TH performance but I would suggest you overclock it to a setting that gives you as less HW errors as possible and not to overclock it for the most TH that you can get, you will only compromise it's lifespan.  Every S3 has it's sweets pot.

He meant 250 freq gets 500gh

Op wants 2 thus 500 + 500 = 1000

Oh my bad!
May I add that at the frequency 237.50 I am getting roughly 500ghs with HW errors in the range of 0.0120%/0.0110%
Again every s3 responds differently to overclocks.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
December 15, 2015, 09:27:10 PM
#11
I would go with the Antminer setup, the S3's are built like tanks, and (if good ones) will overclock to 250mhz for roughly 1TH of performance.

I would go with an s3 also.  I have one and it really runs great, not to loud either.
I am not sure about 1TH performance but I would suggest you overclock it to a setting that gives you as less HW errors as possible and not to overclock it for the most TH that you can get, you will only compromise it's lifespan.  Every S3 has it's sweets pot.

He meant 250 freq gets 500gh

Op wants 2 thus 500 + 500 = 1000


@ op my worst s-3 was about 425 gh but I had many that could do 500gh
member
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★777Coin.com★ Fun BTC Casino!
December 15, 2015, 09:01:07 PM
#10
I would go with the Antminer setup, the S3's are built like tanks, and (if good ones) will overclock to 250mhz for roughly 1TH of performance.

I would go with an s3 also.  I have one and it really runs great, not to loud either.
I am not sure about 1TH performance but I would suggest you overclock it to a setting that gives you as less HW errors as possible and not to overclock it for the most TH that you can get, you will only compromise it's lifespan.  Every S3 has it's sweets pot.
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