Wow, those prices have skyrocketed.  I know ether has gone up recently on the exchanges, but Genesis has really gotten greedy here in a SHORT time.  Just 2 weeks ago it was 1799.00 for 1 year of mining and now its 4400.00.  Thats pretty rough.  What makes it even less of a value is the difficulty has also gotten a bit harder, so that 100 MH at one year isnt even paying off like it was because everyone is jumping on the Ether bandwagon.  Buyer beware on this deal.

I think that was my first Bitcoin solved.  3x SP35 running.  Anyhow, thanks for hosting the pool, its a real pleasure.

Hello,

Im considering picking up a S7 tonight when they go on sale again.  However, I was looking at the Market and noticing the prices there for GH's might be even cheaper than a new S7.  Couple of questions.  Ive never used the market place at Hashnet.  What is the difference between the Ask/Bid.  Im assuming if I wanted to be a buyer, I would be a BIDDER?  Askers are SELLERS?  Also, just as a general rule of thumb from those of you have dipped into hashnet, whats your opinion on it? 

Thanks,
James

I have 3x Sp35 Yukons hosted at a Data Center(oregonMines).  I also dabbled in some cloud mining at Genesis and Zeushash.  I find both not to be profitable at all. They take too much out for maintenance fees, so its just not feasible with BTC being the price it is.  Ill get my ROI back eventually, but its going to take over a year.   The Yukons on the other hand are BTC making machines.

http://www.bloomberg.com/news/articles/2015-07-23/nasdaq-expects-to-be-first-exchange-to-use-bitcoin-technology

Will they be integrating with BTC's blockchain or using their own internal blockchain Im wondering?  Anyone have any insight beyond this article?

Just wanted to state I have been with Oregonmine's now for 2 months.  They have done a excellent job of hosting my miners in all aspects.   Garth, the tech I speak with on a regular basis keeps me well informed of any changes to my miners and if I do have any issues he addresses them right away.  He gave me his cell phone number/email for so we could be in constant contact in any issues did arise. 

As for the miners(SP35 Yukons) themselves, they are always cooled to a nice 80 degrees Fahrenheit and I rarely have a issue with downtime. 

For anyone looking for hosting services, I would consider them, they have done me right.

James H.

 

Thanks for the suggestion, I spoke with them earlier in the week.  They require all the funds up front instead of a month/month basis or I might have considered them.  I appreciate the help though.

Im seeking hosting for my miners, I have 3 Sp35 Yukons.

Im willing to pay 63.00 per KW, sign a one year contract, but pay monthly.  Also, you must be located in the U.S.

You must be insured and prove it also.

PM me or let me know here..
Thanks,
James

Sounds like how we Americans feel about California...

Thanks for all the info btw.  That VAT looks like a steep cost to consider.

Im considering having them host my miners and im wondering if anyone has used them or heard of them? 

http://greatnorthdata.com/

Thanks again for any input,
James

Thanks again for the input.   This gives me something to think about.

Not to beat a dead horse here, but has anyone tried colocation with bitcoin miners as a way to offset electrical cost?  Is it even a option?  Im not sure what they charge for power usage at these data centers, so im just curious if anyone has any experience with them?

Yes, that was my error sadly.  A huge one at that.  I am going to try and hold on to them as long as I can and try and work something out.

Thank you to everyone that responded.   This was a hard lesson learned, but I still love bitcoin and all it stands for.

I miscalculated 1600 watts per unit x3 at .15 per 24 hours.  Came to 490.00 per month.

I guess selling them is the best option at this point or moving to North Dakota where electricity is cheap:)

Thank you guys..I can see I did some mathematical errors..This is gonna hurt.

Hey everyone,

I purchased 3x Sp35 Yukons back in Feb and fired them up on Feb 5th.  Living in Michigan, USA, Im paying 15 cents a KWH for electricity.   Doing my due diligence prior to purchasing the units, I came up with a cost per month of around $490.00 total based on 4800 KW.   After fighting with DTE(local electrical company) for several months, I finally got them to come out and due a actual read on my meter and they are saying I owe $4000.00 as of May 28th.  My question is, have did some mathematical error somewhere?  Im sorta second guess myself.

Thanks for any help,
James

Ive hopped in with 16.5 TH's.  Lets hope for some good luck.