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Topic: Newbie wanting to get into mining. Needs help! (Read 1738 times)

member
Activity: 92
Merit: 10
December 20, 2015, 06:19:39 AM
#44
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

Honestly if I were you I think you need to do a little more research.  I would HIGHLY recommend not ordering till you have done a little more, just seems a lot of questions.  They are valid questions but I suggest getting researching before you do any ordering.

I suggest looking up your exact electricity cost (include taxes/fees).   After that look at ROI, research it at different percentages.   Try different miners at ROI it is good practice if noting else.   After all that... research miners a little more.   Assuming you do all that then come back.  Decide if your doing for profit or learning.... and see if that is possible.   

Then start looking at buying.  It easily could take day's to go through all of this, there is no need to rush decision.

Okay, I know already that I want to do this for profits, and to learn. Mainly for profit. I'm just researching other miners and my electric I'll get back to you!

My suggestion would be, don't go for new miners, buy second hand miners and run them, as you will get those miners cheaper and will ROI even much faster compared to buying new miners. Remember, what I have known till now is, any miner that you buy works best just for 1 full year, so research and then buy.

I agree with buying old miners. But not because they will ROI faster. Both new and old miners are difficult to ROI if your electricity price is higher than $0.15 kWh. The old miners are cheaper, you will lose less.
legendary
Activity: 2618
Merit: 1105
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

Honestly if I were you I think you need to do a little more research.  I would HIGHLY recommend not ordering till you have done a little more, just seems a lot of questions.  They are valid questions but I suggest getting researching before you do any ordering.

I suggest looking up your exact electricity cost (include taxes/fees).   After that look at ROI, research it at different percentages.   Try different miners at ROI it is good practice if noting else.   After all that... research miners a little more.   Assuming you do all that then come back.  Decide if your doing for profit or learning.... and see if that is possible.   

Then start looking at buying.  It easily could take day's to go through all of this, there is no need to rush decision.

Okay, I know already that I want to do this for profits, and to learn. Mainly for profit. I'm just researching other miners and my electric I'll get back to you!

My suggestion would be, don't go for new miners, buy second hand miners and run them, as you will get those miners cheaper and will ROI even much faster compared to buying new miners. Remember, what I have known till now is, any miner that you buy works best just for 1 full year, so research and then buy.
newbie
Activity: 4
Merit: 0
Hi I'm also Noob to mining.
I have a small USB antminer that although not profitable I can take it with my laptop...Portable means I end up plugging it in everywhere. Got me more interested and learned a little on the way. I do have some computer equipment that sure is helpful for mining (Old servers etc but living in UK not sure would be economical to ship. Good luck 

If anyone from the UK, Wales especially is interested in setting up mining equipment/networking please drop me a msg

https://www.betcoin.ag?r=169495 If you like gambling or not no pressure but I use betcoin and find networking there of considerable help too.

IDZ
newbie
Activity: 14
Merit: 0
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

Honestly if I were you I think you need to do a little more research.  I would HIGHLY recommend not ordering till you have done a little more, just seems a lot of questions.  They are valid questions but I suggest getting researching before you do any ordering.

I suggest looking up your exact electricity cost (include taxes/fees).   After that look at ROI, research it at different percentages.   Try different miners at ROI it is good practice if noting else.   After all that... research miners a little more.   Assuming you do all that then come back.  Decide if your doing for profit or learning.... and see if that is possible.   

Then start looking at buying.  It easily could take day's to go through all of this, there is no need to rush decision.

Okay, I know already that I want to do this for profits, and to learn. Mainly for profit. I'm just researching other miners and my electric I'll get back to you!
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

okay here is the deal..
----------------------------------------------------------------------------------------------------------------------------------------
sp20 = used only.----  needs a solid power supply  like an evga 1300g2

avalon 4.1 = used only. ---- needs a rasp pi and a good power supply really quiet miner

s-5   used only. --- needs a good psu  say 800 watts or more really loud with out mods.
--------------------------------------------------------------------------------------------------------------------------------------------------

s-3 used only -----   uses less power hash = 450=500  and  watts =  350 /400  quiet good miner to learn how to mine

------------------------------------------------------------------------------------------------------------------------------------------------

new gear

avalon 6 costly        kind of quiet needs a quality psu and a rasp pi
antminer s-7 costly loud   needs a quality psu


the first three are 300 to 500 usd
the s-3  may be 125 usd
the new gear is over 1000 usd.
legendary
Activity: 1456
Merit: 1000
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.

Honestly if I were you I think you need to do a little more research.  I would HIGHLY recommend not ordering till you have done a little more, just seems a lot of questions.  They are valid questions but I suggest getting researching before you do any ordering.

I suggest looking up your exact electricity cost (include taxes/fees).   After that look at ROI, research it at different percentages.   Try different miners at ROI it is good practice if noting else.   After all that... research miners a little more.   Assuming you do all that then come back.  Decide if your doing for profit or learning.... and see if that is possible.   

Then start looking at buying.  It easily could take day's to go through all of this, there is no need to rush decision.
newbie
Activity: 14
Merit: 0
Not sure making one dollar a day is worth it. Would I be better of just trying out the S3 or go for something like the Spondoolie SP20 Where I'd be making a little more.
legendary
Activity: 3248
Merit: 1070
I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?

no, more like $1 a day, without counting electricity, which will result in a loss in some case, i would avoid those bulky old asic miner, they ar enot efficient anymore, and even with free electricity they take up too much space and too much wattage
newbie
Activity: 14
Merit: 0
Guys, is there any other Miners that have a higher Hash rate within my price range? I don't want to invest too much money to begin with, but a higher hash rate would be nice
newbie
Activity: 14
Merit: 0
Chances are I'll experiment with 1 s3, where can I find one online? The official website has them in batches which I don't feel like dealing with. Any other options?
legendary
Activity: 1456
Merit: 1000
I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?

Everyone is on different scales. If one S3 is biggest you are conformable or can go to, or most conformable investing yes stick with that.  But many go much higher in hashrate and higher priced machines.

I separate home and hobby miners really.  I consider one who scales it up a decent amount a hobby miner.  If you have 1 or 2 at home I consider home miner, each is a valid option depends on your situation.
newbie
Activity: 14
Merit: 0
I don't even known an Antminer s3, would taking the plunge into this worth it? Seriously though, with one s3 would I be making $3.50 or so a day?
legendary
Activity: 1456
Merit: 1000
Correct me if I'm getting this wrong. On the Antminer's server you put in your Wallet ID so in 24 hour intervals the Antminer forwards the money into my wallet and you put in what pools you're currently wanting to mine into the server along with workers?

It's antminers site you put it in.  Interval I believe has a minimum is only thing, so it is possible not 24 but should be every 24 if you meet minimum mark.

I would say site.  You really don't do anything with " Antminer's server" with wallet.  You use " Antminer's server" that is stratum to mine.  But all the settings on wallet are on antpool website.

I ask that you sign up and look at it.  You will have a much better idea after you do.  
newbie
Activity: 14
Merit: 0
Correct me if I'm getting this wrong. On the Antminer's server you put in your Wallet ID so in 24 hour intervals the Antminer forwards the money into my wallet and you put in what pools you're currently wanting to mine into the server along with workers?
legendary
Activity: 1456
Merit: 1000
By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.
And by website you mean the Antminer's Server or the mining pool's?

Have you logged into the antpool site?  In it you are able to add wallet to your account.

But you get a worker name with that pool.  It is not a pool you can mine direct to wallet.  It is one you use username and then it credit's to account... and assuming you meet requirements for withdraw every 24 hours antpool pays you.
newbie
Activity: 14
Merit: 0
By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.
And by website you mean the Antminer's Server or the mining pool's?
legendary
Activity: 1456
Merit: 1000
By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet

You input the mining pool information with your worker name.  It will mine and make you BTC.

Then you do what Amph is saying to get the BTC from mining pool, to your wallet.  Some pools even allow you to use BTC address as user, and no signup.
legendary
Activity: 3248
Merit: 1070
By that you mean I input my Wallet ID into the S3?

for withdraw, if that what you mean, there should be a field to enter your address on the website, then set a threshold, it will be automatically withdrawn on your wallet
newbie
Activity: 14
Merit: 0
By that you mean I input my Wallet ID into the S3?
legendary
Activity: 1456
Merit: 1000
Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm
     

Okay, those instructions seems fairly understandable. Just to make sure I'm understanding this correctly; you put in what pools and workers on the S3's settings and it then mines there or you need to use something like GUI miner? Also, I'm not sure how to set my Bitcoin wallet to my miner

No just enter into configuration page on S3... and that is is.  No computer program like GUI miner or others.

It's very simple and easy.  Just log into S3 via ip, set it, and it should run.
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