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Thread: Bitcoin Utopia |
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Thread Status: Active Total posts in this thread: 23
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Sgt.Joe
Ace Cruncher USA Joined: Jul 4, 2006 Post Count: 7852 Status: Recently Active Project Badges: 
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I suppose he uses usb asics for mining and these are connected via hubs. I've seen some using 30 and more on one computer or a raspberry pi. Probably not using USB miners as there are TH/s (that's terrahash per second) miners available now with 1 company offering a 6TH/s miner for September delivery. Now that is specialized. Based on the other miners on the site, that machine would probably run north of $25,000 US. Of course it is only tuned to do one thing. Cheers
Sgt. Joe
----------------------------------------*Minnesota Crunchers* [Edit 1 times, last edit by Sgt.Joe at Aug 7, 2014 2:51:03 AM] |
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twilyth
Master Cruncher US Joined: Mar 30, 2007 Post Count: 2130 Status: Offline Project Badges:
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I did a little bit of research into this and from what I've been told by people I know from other forums who are into cryptocurrencies, a lot mining machines really end up being a bit of a rip off.
----------------------------------------The companies that make them seem to do a lot mining on these rigs before they ship them. That's important because the difficulty can increase by as much as 40% per month. So if they run their ASIC's for say 3 months before they actually ship them, by the time you get yours, you're lucky to break even on the cost with electricity. Of course you can make some of the money back by then selling your used equipment, and there does seem to be a healthy market for used equipment, although I honestly can't figure out why give the prices and hash rates I've seen.   |
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Movieman
Veteran Cruncher Joined: Sep 9, 2006 Post Count: 1042 Status: Offline |
WOW!
----------------------------------------My dualie E5-2670 V2 20 core 40 thread machine is app 25,000BOINC PPD and this guy shows 139 MILLION? OMG!  |
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deltavee
Ace Cruncher Texas Hill Country Joined: Nov 17, 2004 Post Count: 4894 Status: Offline Project Badges: 
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WOW! My dualie E5-2670 V2 20 core 40 thread machine is app 25,000BOINC PPD and this guy shows 139 MILLION? OMG! You got the decimal place wrong. This guy is getting 1.39 B-B-B-Billion points per day.  |
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nanoprobe
Master Cruncher Classified Joined: Aug 29, 2008 Post Count: 2998 Status: Offline Project Badges: 
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I suppose he uses usb asics for mining and these are connected via hubs. I've seen some using 30 and more on one computer or a raspberry pi. Probably not using USB miners as there are TH/s (that's terrahash per second) miners available now with 1 company offering a 6TH/s miner for September delivery. Now that is specialized. Based on the other miners on the site, that machine would probably run north of $25,000 US. Of course it is only tuned to do one thing. Cheers Not as expensive as you might think. http://www.spondoolies-tech.com/products/sp30-yukon-september-batch-2
In 1969 I took an oath to defend and protect the U S Constitution against all enemies, both foreign and Domestic. There was no expiration date.
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twilyth
Master Cruncher US Joined: Mar 30, 2007 Post Count: 2130 Status: Offline Project Badges:
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---------------------------------------- [Edit 1 times, last edit by twilyth at Aug 13, 2014 10:04:11 PM] |
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nanoprobe
Master Cruncher Classified Joined: Aug 29, 2008 Post Count: 2998 Status: Offline Project Badges:
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@twilyth
----------------------------------------How did you determine that the diff would increase 31% per month? BTW I agree it's a suckers game unless you have very deep pockets.
In 1969 I took an oath to defend and protect the U S Constitution against all enemies, both foreign and Domestic. There was no expiration date.
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Sgt.Joe
Ace Cruncher USA Joined: Jul 4, 2006 Post Count: 7852 Status: Recently Active Project Badges:
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BTW I agree it's a suckers game unless you have very deep pockets. Or you can get free electric power  Cheers
Sgt. Joe
*Minnesota Crunchers* |
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twilyth
Master Cruncher US Joined: Mar 30, 2007 Post Count: 2130 Status: Offline Project Badges:
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@twilyth How did you determine that the diff would increase 31% per month? BTW I agree it's a suckers game unless you have very deep pockets. Good question. I'm still puzzled by these things as well. The calculator prefilled it, probably from a recent sampling. The rate at which difficulty increases is highly variable and can be as low as 30% or lower and has high as 40% or higher PER MONTH. And that's not an annualized figure. That actually means 30-40% each and every month. |
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KLiK
Master Cruncher Croatia Joined: Nov 13, 2006 Post Count: 3108 Status: Offline Project Badges: 
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The thing that boggles me is: where have they been before July 2014. :/
----------------------------------------Just arrived...and putting these numbers...from where? how come? :/ |
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