Iemand betaald voor deze stroom, dus of je steelt of je moet even overleg gaan plegen met de gene die er vanuit gaat dat je alleen maar gaat wassen met de elektriciteit.
Ik steel niets, ik betaal vooruit en krijg in ruil een bepaalde capaciteit stroom. Een groot gedeelte gebruik ik niet.
Dus je betaald er wel voor? Sorry ik Vind het maar een raar verhaal.
Iemand betaald voor deze stroom, dus of je steelt of je moet even overleg gaan plegen met de gene die er vanuit gaat dat je alleen maar gaat wassen met de elektriciteit.
Ik steel niets, ik betaal vooruit en krijg in ruil een bepaalde capaciteit stroom. Een groot gedeelte gebruik ik niet.
I'm just saying the facts resulting from this chart http://www.coindesk.com/data/bitcoin-mining-difficulty-time/ and this does not mean that difficult will triple again in the next 6 months and I guess they'll hit much more that 500 this year
I think you are very well prepared . I would be more sceptical in Difficulty increase. If you can`t ROI within 3-4 month than you will not ROI even. Only if you will be able to sell used Miners for reasonable money to cover your investment.
I can tell you that I like mining, but I stopped all already.
It seems that you believe in Bitcoin, then I would just buy and hold them. Use good cold storage or paper wallet. Make more copies and put them on safe places.
I guess I do believe in Bitcoin and with these numbers it's indeed not worth the effort compared to just buying a couple. I could shove the old gear down someones throat but that way I cannot enjoy a profit. Also, the way the price is going these numbers may be just as naive as the previous.
Do you know any pros in regards to difficulty-related miracles coming from next-gen networkpressure? Aside from the falling-price-factor, which btw is?, what's bitcoins 'critical hash? And when the net closes, which fish swim out first? How much fish are there anyway, and how big?
I advise you not to buy miners because difficult has tripled in the last 6 months ... so you can expect to make at least half of how much you can mine nowadays with for example S5 ,better buy some coins ( I expect the price may go unde 260-250$) and hold long-term
Isn't there a limit to maximum hash in regards to cost-effectiveness; network pressure will not go over a certain amount as to remain profitable. Considering this, can/will it triple again? I can't tell.
But you make a valid point, I could just buy 6 BTC now and let them sit for 12 months. Maybe they'll hit 500.
I agree. however I don't think stretching todays numbers over 12 months is solid enough to come to something I'd call a 'credible' calculation. Like the numbers in above post: it's fingers crossed and I'm telling myself it's profitable because of the 'free' electricity and speculating on a rise in value.
I posted it above to see if this calculation is realistic, what's do you think of those numbers?
If you choose AntMiner S5 or SP20 make sure that you understand these things:
1. How difficulty will impact your operations. You can find number of Mining calculators which can help you. For example: http://www.coinwarz.com/calculators/bitcoin-mining-calculator 2. Since you believe your eletricity charge is included of rental price - do you know what is a maximum usage? Do you know how much will these boxes consume per 24hours? 3. Both boxes are great of perfomance, but they are noisy and producing lot of heat. You need to run it on place where you have connection to Internet (using ethernet cable)
I like your approach, just be prepared and understand your business. Good luck
1. I've made this estimate for 3.4 TH/s in 2015, basically it's a 10% per month cumulative sliding scale:
2. Maximum usage is 3500 Watts per group. I have three groups of which 1 grounded (the kitchen group) and I'll use this one to power the machines. I don't know the maximum usage per day but I do know there's a 20% usage added 'at the wall' in regards to the original specs. 1155w I believe is orginal usage and I'm planning to get four of those 750w corsairs.
3. The room where they'll be put is a closed storage space built back in the day for 'other purposes'. Heat is actively transported can find it's way outside since there is direct connection to the outside through a crude ventilation channel. If need be I can put up a airsucker and/or tabletop fans.
Thanks for explaining! If I'm missing something a point somewhere please do tell.
I was thinking to get 2 SP20's: $1000 for 3400 GH/s = $0.34 per GH/s. The group buy was extended to january 5th and reservation fees are off the table.
well I am 100% sp20. I turn a profit at diff of 50xxxxxx and btc 200 usd but many people do not make money at those numbers so i would think a diff of 50xxxxxxx and a price of 200usd would force a leveling of diff. like we had between nov 5 and dec 30.
do you turn a profit because you're 100% sp20?
why do others don't make money at those numbers and you do?
The question just is: what is risk of "fading" of wood?
Depends on the type of wood plus the treatment the woods gets. Usually pieces are put in a furnace at a certain temp, i forget, to kill everything in the wood and dry it out, this improves lifespan greatly. after that the piece is oiled to give it a protective layer. after this you'd be re-oiling once every 10 years if kept dry and clean i guess.
I think 'old oak' is more than sufficient for this task. Old oak is 'older than a 1000 years' which means 800 years is also acceptable apparently. Old oak is rare but 'quelle surprise': I can hook you up
Either of those options should fulfill your mining needs. As for PSU's, multiples of these would do the ticket:
Seasonic SS-650KM and Corsair CX750M
Before you dive right into mining, make sure you know the exact terms of electrical use for your lease/rental contract/mom or pop. Whoever pays the bill will be sure to come knocking at your door at some point. Running these things 24/7 will sure make the electrical bill pop!
Thank you for your reply.
The electricity is not free, but it's included in the rental price of my appartment. I do know it's forbidden to run servers but that's because of fair use of the network (internet is also included in rentalprice).
There is only 1 meter for X amount of apartments so what I, or any other tennant, use more than the average is always considered to be coming from a pool of X unidentified apartments. Two S5's running 24/7, or two sp20's ftm, will not be noticed. Also: I (pre)paid to use a certain amount of electricity and as long as I stay under max usage, noone cares.
What about engraving the Public & Private Key into wood or a plate of iron / aluminium?
Yea like the good old days where broken sticks represented net worth of entire countries
Seriously
But the problem is, that I don't want to give the private key to a company which is engraving materials and buying a laser cutter or something else is too expensive for this purpose...
You could do that yourself or I can personally vouch for two woodworkers in NL, but that's doesn't say alot on this forum...
edit: and another one in France, yes I am woodworker inner circle