Topic: [∞ YH] solo.ckpool.org 2% fee solo mining 256 blocks solved! - page 228. (Read 107759 times)

I say kudos to him for building a farm... My progress has halted at buying the land. Most of what I had saved up for the building and infrastructure went to supporting my kids/grandkids - the joy and pain of having 8 kids and 10 grandkids lol - during these months of COVID where they were out of work but unable to get unemployment or assistance due to our state/county sites failing - for my daughter to claim one week took almost 6 hours of straight up logging in, starting the process, getting kicked and starting over - repeated over and over.

Had there been no COVID, I most likely would have my 80'x40' building up and then be working at filling it with miners.

A single S9 makes abit over $30 a month, and they ROI in less than 2 months (actually just about month), not sure if that is "pennies", anyway since he has free power and doesn't state any limit then it's only wise to utilize that, buying the same gears ast people who pay 4-6 cents and taking a huge risk of a far longer duration to ROI isn't something I would do, what seems to be confusing here is that S9 is 14TH while T17 is 61th, so it makes one thinks that S9 makes a tiny bit of profit but this is a bad way of looking at things, it's not just 14th vs 61th, it's simply

T17+ = 18$ per TH
S9     = 2.14$  per  TH

If he was to invest $16500 he could buy either:

1- 915TH  and needs 46  KW   (T17+)

or

2- 7,700TH and needs 687 KW  (S9)

That is 2200$  VS $18,550 monthly profit, obviosuly to build a 600+ KW farm will cost him more than bulidng 40+ KW farm in terms of infrastructure, but with a monthly profit of $16,300 more with S9s the initial cost of the build will be paid for very shorty.

Obviosuly things will be different if he has a LIMITED power supply of say 10kw then it's not worth buying 8 S9s and he would be better of following your advice, I personally own a small farm that is limited by a certain amount of power and mining with S9s there isn't worth it anymore, so I use much more effienct gears in that place, I also have a 300KVA transformer and a pretty large building somewhere else, i would be stupid if I bought anything but S9s there, but what do I know? 

You're entitled to your opinion I just couldn't imagine someone kitting out a new farm, investing 5 or 6 figures on infrastructure (OP said it will be a bulk purchase) to then install used and obsolete S9's that make pennies... Just doesn't seem worth the hassle to me? I'd also imagine his investors would expect him to be using new equipment... Perhaps suggesting Bitmain wasn't the wisest, but there are alternatives such as Whatsminer M20's which may be more reliable (although very power hungry).

Throwing a good amount of PH at the pool for a little.
Been a little while since we hit...
Lets get it!

Free/low power I’d look at an M10. Without pulling up a calc you’d should get more than double the coin with better stock efficiency than s9. Though ROI wise would be longer yet would/should out perform in revenue (pending cost) in six months. I’m still big on starting with gekko products to begin but s9’s are incredibly cheap and low risk as an entry unit. Which anything under de minimis is duty/tariff free, considering the quality issues of the 17 series though some batches were well made it a fairly risky purchase especially as an entrant device.

Mikey is right all of the above is very good advice for anyone thinking of getting into the mining game unless it's for fun or learning I do not see the point in splashing serious money on it, you may find it will be better to just use the funds to buy coins instead of paying a electric bill each month just spend what you would have spent of electricity on coins it will not be long before you stack up a decent amount of bitcoin.

I can vouch that even trying to build out a small mine was hard for me thought power cost was the main factor in having to close.

I also have some miners up for sale if your interested nothing special some V9's L3++ D3 and A3's but if it's for learning mikey is right get yourself a cheap S9 or similar.

How is 250 days to ROI a " good bang for buck", it's more like how to waste your money in 250 days, plus those prices are in China, so you are looking for 100-200$ for shipping, still have tax and all that, but let's be optistmic and say it's a $1100 (no tax) for T17+ 61TH.

Daily profit = $4.65
Monthly = $139.5

$1100/ 139.5 = just about 8 months.

1- It's unlikely that difficulty won't go any higher despite what the price does for a period of 8 months.
2- It's HIGHLY unlikely that the gear will have 0% failure for a period of 8 months.

So my concnsulion which I am willing to take a bet on is that you will need at least a whole year to ROI that IF EVER, unless of course, bitcoin goes to 30-50k in no time, and still in that case holding BTC would be a better option.

Someone with free electity should go with an used S9, so a few offers for $25-$30 including PSU in the U.S , that's 30 days to ROI if you have free power, be on the safe side and count 2 months to ROI , it's 2 months Vs 8 months (the best case sncerio of all those 17series), also statstically speaking, a used S9 has higher chance to run for 2 months straight than a T17/S17 to run for 8 months.

But again everybody treats the mining business in a different way, my main method has been focusing on ROI in the first place, based on factors that include difficulty, price uncertainty, gears failure, and etc. the safest route you take when investing in mining IMO is how fast will you get your money back before "the shit hits the fan", I still remember those 1st/2nd S17 batches, those who paid $4000 nearly 14 months ago, they paid just about a WHOLE BTC thinking they would ROI in 6-8 months, and we all know how it ended up for most of them.

I am not trying to discourage anybody here, but newbies should be aware that mining isn't a game anymore, it's a business and most people lose money doing business, and those who have no clue about running a business shouldn't be mining anymore, unless you are doing it for fun.

IF electricity is free, the T17+ 58TH / 61TH are good bang for buck at around $900 currently, also S17e 60TH which are similar price and will give ROI in around 210-250 days depending on shipping cost (assuming difficulty doesn't change much).

Not sure why you ask here.  But low cost used gear like the t17 would be one choice. A lot depends on the price you pay per th.

A t17 doing 40th earns 40 x 0.07 = 2.80 a day  if you got it for 400. in 150 days you would have 150 x 2.80 = 420

This is an option for you if you can find 400 usd t17 miners.

Question answered already ...

Please disregard :|

#crysx

Same question ...

#crysx

Hi All ...

What would be the 'best' machine to buy (in bulk) for a farm? ...

Electricity would not be an issue, nor would cost of said electricity. The best value for money so that mining on these pools would be a beneficial effort.

Any advice would be great. i/we are more GPU Miners, and ASIC is still a fresh consideration for the money to be invested into hardware. As i see a few of these miners have issues with connection and meddling with settings to hook up, but most seem to be a PlugnPlay scenario.

Thanks In Advance,

#crysx

I was wondering why some should need that Service, but then I followed Biffas link and found:


That explains the reason for the bot then.

Sounds like you are right @MoparMiningLLC judging by his thread https://bitcointalksearch.org/topic/m.54816859

He's just pulling data out of his Bitcoin Core node (which is the official name according to bitcoin.org, well its on the website when you go to download the wallet)

Then he has written a Telegram bot to display the info which, whether it is useful or not, looks like this:


There doesn't seem to be any ulterior motive for his choice of wording as far as I can tell.

Well, when I say Bitcoin Core I am talking about https://bitcoin.org/en/download

so when he said bitcoin core notifications - it makes me think that is what he talking about

I dont know him though nor did I look into his history so I have no real context other than his post. so I defer to you all as you all sound a bit more familiar with him.

I agree with you, and that puts his post as a borderline shitcoin fork troll, unintentional or not.

Well, according to http://solochance.com (since I am too lazy to do that maths) you have 1 in 400,094 chance in every block that comes from now until your rental is finished, and just like the rest of us you need a ton of luck, so I wish you the best of ot.


Given the context, I am 100% possitive that he refers to BTC as bitcore core and nothing else,  kindly correct me if I am mistaken.

Feeling lucky!
1/4 PH rental in place!
 

maybe he is talking about the bitcoin core wallet/node which is for Bitcoin not any of the shitty alts

What do you mean by Difficulty target: 124 EH/s ? that's more like the current hashrate ! please elaborate, also calling Bitcoin "Bitcoin core" suggests that there is another Bitcoin, something that BCH and BSV people do to give the impression that thier versions of Bitcoin are also Bitcoin and not altcoins, if you get rid of the "core" thingy I would certainly love to join your channel.