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Post
Topic
(Unknown Title)
by
Group Bitcoin
on 25/01/2020, 02:34:00 UTC

Yeah i know hehe. But maybe i can run 6 S3 for example in the future or so, 2 S3 right now when they arrive, of course i dont expect to build big rigs such as many of you here have...  Grin

Try and duct the hot air out a window with some cheap foil ducting and an inline fan (Hydroponics Shop) you'll need some AC too but a small mobile one would do for 6 S3's Happy Mining !

Your apartment should be fine for that setup, things like SP10's are stupid to try run in your living room.
Post
Topic
(Unknown Title)
by
Group Bitcoin
on 25/01/2020, 02:34:00 UTC
couldn't find the "Picture of your mining farm" thread so i guess this will do.

phase 1



That's never gonna work with those AC units lol

Post
Topic
(Unknown Title)
by
Group Bitcoin
on 25/01/2020, 02:34:00 UTC

That could very easily work - depends on the ambient. If it's in a polar region there's no need for AC - just vent the top off and use good filtration.  Problem is we can't what's off the picture, perhaps they have evap coolers.

It couldn't they said themselves it got like an oven in there.

Evap coolers wouldn't really work in an open room full of miners, you need something to separate hot/cold air... a raised floor something like that hot/cold aisle.

The only way an open room setup could work is with an insane amount of AC or like you say being based in Antarctica

It's 100kw of heat and by the looks of it around 2Kw's of air con that's why I lol'd
Post
Topic
Board Service Discussion
Re: did anyone try groupbitcoin.com for cloud mining?
by
Group Bitcoin
on 13/12/2014, 16:28:01 UTC
My first ever message on here was abut Group Bitcoin and wanted to change a few things now because sme time as passed and I did get my payments sorted out. So this company or service does pay on time now and have done for a few months now.

I still have one more thing to sort out. These were the first mining company that I ever put money into but compared to the prices these days I still don't understand how me paying neary £93 pounds for. I've time contract for only 50 GH/S is even profitable cobcidering I am getting around 75p a month in Bitcoins.

I feel I can trust you guys now as time= trust in my books but the fact remains I am not going to get my investment back for 9 years. I would have sunk my £600 in to your company instead of pbmining if you had sorted out my payments.

I actually would like to invest in you again if you messaged me or posted on here to sort out my payments because 9 years is bad to get an investment back. Cobcidering I got back in 4 months 30 percent of what I invested in to PB.

You seen my comment in another thread so would like you to reply please if possible.

We actually buy and run mining hardware which seems to be a rather novel idea within cloud mining these days.

Unfortunately electricity in the UK is very expensive we have a great deal at 12p per Kwh but even at that rate we barely break even when you add rent/cooling we're now running at a substantial loss and looking for cheaper premises.

Mining in the UK is finished unless you get/steal free electricity.

We're finished now and haven't accepted new customers for a while, we'll just be running the 12 month contracts for the duration specified and the indefinite ones for as long as they cover their running costs, which they're now falling bellow.

It's a shame really, we started in October 2013 everything was looking great then the network went from 0.9PH to well over 200PH in a few months.

It's only possible to mine in the cheapest electricity areas in the world like Washington but even then it'll be difficult to ROI on the hardware costs, if we had gotten to the size of PB we would have considered moving to a cheaper country.

Mining is now for hobbyists and companies like KNC, Bitmain and Cointerra they can get cheap hardware they build it and run it on an industrial scale.
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 13/12/2014, 12:22:12 UTC
Oh....popcorn is empty, time to get a new box of it... Wink



It will be empty if you're throwing it around like that  Tongue

The lady in the top right got a bit.
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 13/12/2014, 01:38:15 UTC
Mr teal I a, doing this right now. Might take me a while :-) what was his payment address as I have that many transactions on my xapo account and can't remember his payment address

This might help you ... I've sent BTC to ...

Sent to 1PiggyKTPYdtjPaHPTkJUnR314vz2v1wfs
Sent to 1BaconWxMiPFiS1URZEjKjMaQTFka4PBrx
Sent to 1BaconBrq3GvzKjTaGb3ba87tQAFKLjek5
Sent to 1PiggymPPieBtwaUKdrmxi4p1VuXG2ZHy4

I don't think they are specific to my account ... has anyone sent to the same addresses ?

Just checked those out on the blockchain serious amount of Bitcoin gone in zero balance on all of them now  Undecided
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 12/12/2014, 16:31:20 UTC
Customer #: 12160

Join Date: 20-05-2014

Total Ghs : 1185

Payout Address: 16ZUjbXu2t8Zvaz3f8K3C162nuPEHrQAtq

Why do people keep doing this ?
Post
Topic
Board Hardware
Re: [DIY] - Reward $100 | Antminer S1/S3 Blade on Raspberry Pi
by
Group Bitcoin
on 11/12/2014, 23:52:08 UTC
Great thread!

I have 16 S1 boards in the UK if anyone is interested in buying them.
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 23:24:52 UTC
Mining hardwares now are efficient and affordable especially the upcoming hardwares in 2015. If i have the money i'll set up one here in my location and use solar energy. Solar panels are now affordable and we have lots of sunlight here.

Anyone interested in funding?

I know a Nigerian prince looking to invest in such projects, there are just several requirements he will need from you before funding can begin....
Are they known to be scammers... Atleast from what i searched online..

 Roll Eyes
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 20:44:05 UTC
A chat log from our live chat 'Zopim' on our site from a few months back and yes it clearly was whoever owned PB in repose to our posts about them on here.

What makes you think it was pb owner, and not one of its bazillion mignons that promote it for refs or just to keep the ponzi going?
Either way, it doesnt matter much since we know just about everything about Jason except for the name of his dog.

The fact it was roughly 2 mins after a our first post about them and the location. 'Saskatoon, Saskatchewan, Canada'

I'm sure the IP will match whoever else has it.
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 20:38:38 UTC
Luckily we still have Genesis Mining.
They have a limited Scrypt hashrate offer.
20 bucks for 2MH/s :-)

Discount Vouchers are MOON  and MARS
You have no idea how hard it is to not leave negative trust for you. Tongue

+1 and 'pbmining customer'
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 20:36:26 UTC
Visitor 73542558
..
4:08 PM
Visitor 73542558 has left.

What am I looking at here exactly? A chat log from what, where, when ? Are you suggesting that IP belonged to Jason?

Yes a chat log from our live chat 'Zopim' on our site from a few months back and yes it clearly was whoever owned PB in repose to our posts about them on here.
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 20:27:11 UTC
Got a guy on our live chat a while back -snip-

IP Address
70.64.100.38


thanks for that.

Np, carry on the good work. I think admin should remove this 'pbmining customer'
Post
Topic
Board Service Discussion
Re: Recovery program beginning in January for PB Mining customers.
by
Group Bitcoin
on 11/12/2014, 20:19:04 UTC
Got a guy on our live chat a while back when we posted the fact that PB clearly wasn't mining as it's impossible at that price per GH/s in electricity alone... quite funny, obviously young and stupid. Did anyone truly believe it was legit and going to run for 5 years for less than a 1$ per GH/s ? Everyone involved should report it immediately rather than posting asking for refunds.

Visitor Path
Direct Traffic
Location
Saskatoon, Saskatchewan, Canada
Browser
Firefox 30.0
Platform
Windows 7
Device
-
IP Address
70.64.100.38
Hostname
-
User Agent
Mozilla/5.0 (Windows NT 6.1; WOW64; rv:30.0) Gecko/20100101 Firefox/30.0

Visitor 73542558
4:06 PM
get ready to be shit on
4:06 PM
Visitor 73542558 has joined.
4:06 PM
Justin has joined.
Justin
4:06 PM
Hello
Justin
4:07 PM
is that pb
?
4:08 PM
Visitor 73542558 has left.
Post
Topic
Board Archival
Re: Pictures of your mining rigs!
by
Group Bitcoin
on 17/11/2014, 01:39:49 UTC
There's no need for the laptop or a raspberry pi, just a connection to the internet...
Post
Topic
Board Economics
Re: How profitable is BTC daytrading?
by
Group Bitcoin
on 08/11/2014, 21:32:20 UTC
Less profitable than gambling. 

Gambling is designated for you to lose. Is designated Casino earns money to pay their workers and machines.

The volatility in bitcoin prices present opportunities... to lose as well as make money.

Exactly. without that would give us much less chances to earn.


This is not actualy true. "Luck"based Gambling is mathamatically designed to favour the house however this is not true for 'Skill' based gambling.

Skill based Gambling is when you play a game against an opponent such as Poker, Backgammon etc and the house then charges a flat fee, known as a rake, to host the game.

As a poker player I win, over time, playing poker however as there is an element of luck, unlike chess, then i can play to the best of my ability and still lose to bad luck (known as a 'Bad Beat") or just being card dead.

The skill of being a poker professional is all about Bankroll management and the principles can be applied to Bitcoin and day trading. Basically when i play poker i only play with  2% bankroll.

I am guessing Day traders apply similar methods when applying their investment strategies

'Skill based gambling' hahaha favorite quote of the day!
Post
Topic
Board Archival
Re: Pictures of your mining rigs!
by
Group Bitcoin
on 08/11/2014, 12:19:11 UTC
An Inert gas fire suppression system would ruin ROI for any Bitcoin mine but surely if you spent a few million on SP30's you'd buy a few $5 fire alarms and have a security guard?

I think it's an insurance scam but they forgot to buy any first.

You could fry an egg on top of an SP10 I certainty wouldn't put 2 on top of each other.
Post
Topic
Board Archival
Re: Pictures of your mining rigs!
by
Group Bitcoin
on 06/11/2014, 02:10:04 UTC
Here's my favorite picture of a mining rig...


Burn like fire, burn like fire in Cairo....  That is 7Million dollars of SP30s up in smoke.  Holy guacamole Batman, pass the foam!

Is this real ?
Post
Topic
Board Service Discussion
Re: PBmining - legit?
by
Group Bitcoin
on 01/11/2014, 11:18:39 UTC
Everyone seems to be missing something.

Say they are very charming and managed to get free mining hardware, free cooling, free rent and a free giant 10mw data center. That's great, well done PB! It's still impossible to run 1 Gh/s for 5 years for less than a dollar in electricity alone in the cheapest country in the world.

This simple fact should end any discussion as to whether they're mining or not.  
Post
Topic
Board Bitcoin Discussion
Re: This address received 23000BTC yesterday.
by
Group Bitcoin
on 09/10/2014, 21:19:59 UTC
This might have been the Bear Whale that sold on Monday ?!