Bitcoin Mining - Which Setup?
 

Those of you who have purchased bitcoin mining setups, which of the following companies did you order your setup from and have you received it yet?

http://www.butterflylabs.com
http://www.asicrigs.com
http://www.avalon-asics.com

Also, which model did you get?

Just started looking into mining for both bitcoin and litecoin and honestly, we're confused to hell about all the different machines out there right now :/

stay away from BFL i ordered mine 6 months ago and they started taking pre orders like a year ago and from what i see nothing have been shipped :2 cents:

Yeah I've been reading a lot of stuff like that from BFL, they seem to have the most powerful setups though in terms of ROI :/

ASIC looks cheap for what they have (were probably going to order via them right now) and some of the Avalon ones are also pretty good for the price but Avalon seem to be out of stock :(

Oh and another question...

If specs say it has a GH/s/$ next to it that's $1.00 - How long does it take to generate that $1?

Is it monthly, weekly, daily, etc?

I'm thinking its probably every hour or minute or are there other factors to take into account?

Avalon is the only company that has shipped and that second link is almost definitely a scam.

https://en.bitcoin.it/wiki/Mining_ha...omparison#ASIC

So given the huge wait times, you think itd be better to build our own mining setup or go with Avalon and just wait it out?

Honestly. I have no idea.

There's a community of people into bitcoin custom hardware but I don't want to break GFY rules.
I'm sure you could find it if you spend some time.

GFY form link rules only relate to adult forums that compete with GFY. Other forums are okay to post.

Gotcha.

https://bitcointalk.org/index.php?board=76.0

They are the ones who appear to know what's a scam and what isn't.

I would say avalon-asics based on their shipping status, stats and price

i think that means how much 1GH (1GH/s) costs.



avalons don't even take pre-orders at the moment, you can only get on their mailing list to get notified. and they only accept BTC now, 75BTC actually for 65GH/s

BFL keeps delaying. no one knows really when they'll start shipping as they're still in development/testing phase , and how long they'll take to get backon track with new orders.
if ordering now - except long wait and huge huge difficulty by the time it gets to you IF BFL pulls through with this.

asicrigs haven't heard of them before. their cheap prices alone raise huge red flag

Always funny to see people wasting money into hardware to mine bitcoins.

Even with the most powerful setup, you could mine 1 bitcoin per month if you are lucky.

But anyways, you are lagging, its too late already since the currency is at its peak and the bubble is going to explode.

Only people doing money are those who have bitcoins from 1 year ago and are selling to suckers that buy the new fashion trendy hype.

There was a thread by member named NixNix (or something like that) who claimed to mine about 60$/day.. So 1 bitcoin in 2-3 days or something. He claimed that he spent only 1500$ on that.

if you had to "order a setup" you're probably doing it wrong :2 bitcents:

...:pimp:pimp:pimp

Nixxin is full of shit...

Unless he has an ASIC (which he doesn't), its impossible to mine that much, even with the most powerful computer.

Just check this calculator:

http://www.alloscomp.com/bitcoin/calculator

and here are the M/s of several processors and cards:

https://en.bitcoin.it/wiki/Mining_hardware_comparison

do the math.

With a 20 m/s, the calculator gives this:

PER MONTH: ฿0.04 $4.60.

:1orglaugh

My gamer PC with a AMD HD 7770 does 150-200 MH/s

Take three good cards in a single setup, and you should be able to do 1000 MH/s
According to the calculator you link to, that is = $299.98 a month

Buy 3 x 7970 ($350-550 each depending on where in the world you are located) you should be able to build a rig for less than $1500

Not counting in the power bill, it would take 3 months to break even at the current exchange rate.

I did it for a test only, just to see how much I could push through. It's not profitable enough, to be worth my time.

That's wrong, you are taking ideal numbers, it never will be like that in practice. Also, try to put all the hardware together, make it work and try to get those numbers you are claiming... You won't get those numbers... BTW, Difficult level goes up every day.

If it's that easy as you say, go ahead, escalate x 100 what you are saying and you will be rich. You know very well it won't work like that. :)

It's very easy to say things, but then in practice its a complete different story.

With luck, with a 7770 Card, you can get this:

per Month ฿0.40 $46.03.



Just build a blog in adult, promote a program, and you will make that only from the blog without wasting all that energy in vain.

Submit an article in mainstream, to 20 article directories, and you will make 3 times that, after 30 minutes of work.

:)

Nixxin claims to do 2700 M/s, after spending 1500 bucks in the setup. (however he claims to have 3 ATI 7970 GPU's, which in total can do 2000 M/s at MAX, so he is full of shit there..)

But, let's take his number of 2700, According to the calculator:

per Month ฿5.38 $621.36

And he claims to be from Canada, where electricity is fucking expensive.

So, he makes with luck between 400-500 per month. :1orglaugh

You consider that a lot of "money" ? :1orglaugh

With luck, if the bubble doesn't crash, he will recover the 1500 bucks in 3 months.

And, you must consider the difficult of mining gets harder each day.

So, make that 3.5-4 months... And then, if the bubble doesn't crash, he could make some bucks. LOL.

I can only based it on my own results. I did a setup with two cards as well, testing both guiminer and phoenix 1.7.0. I went back to single card again, because it was to much noise.

Never had a real problem. The miners worked whit the default setting. Guiminer would sometime stop, so I made a task that restarted the EXE every 60 minutes. From then on there were no problems.

So I don't see why there should be any problems running three cards

Bitcoins

No. But it could be earned by doing very little work.
Compare it to setting up a blogsites, that only make a sale a month, but provide backlinks to your other sites. Is that blog profitable by itself? no

It depends on the perspective. Macro vs. Micro

I have a 7770 on a dedicated Ubuntu box and have managed to get the hash rate to 220MH/s under cgminer. This was done via mild core overclock and some fiddling with cgminer commandline options.

I'm not sure there's really much point investing in GPU based hardware any more, when you'll probably have the world full of 25,000MH/s ASICs inside 6 months... 25-50 times faster than your power hungry, heat generating, noisy GPU based rig. There may still be some hope for LTC, though...

Why bitcoin there is going to be people in a few months that are going to dominate bitcoin mining

you can jump in now and make few bucks or wait and order asic and make good money, but still Difficulty Factor is changing every day so does btc value, the whole thing is ........

difficulty does not change everyday, it is reajusted every 2016 blocks or roughly every 2 weeks, if overall network hashing power increases substantially then blocks found faster and next reajustment comes faster than two weeks, say 10 days or so.

You must feel horrible to see that everyone is making money off this worthless coin. Does it ruin your day?

Bitthurt much?

http://images2.fanpop.com/images/pho...58-960-516.jpg

By convincing other people to use their funds and spare power to mine for you, you combine both. Right now, 10,000,000 people are curious about bitcoins but can't get past the first level of resistance to get started. Their collective spare computing power is at least 10 Terahash. Show them incremental ways to increase their mhash with a small but actual ROI and as well as quickly, and easily, with no jargon, connect to a pool and you will have all the mhash you need.

BTC is trying for that (hey, they convinced Franck) but they have 7 terahash with some whales and numerous smaller players.

If Nixxin builds a pool with ease of entry as its primary goal, he will get clients assuming bitcoins pick back up.

Thanks for the link :)

People can download cpuminer and join Eligius's pool, with no fee or signup.
I don't think it gets much easier than that.

Thanks , i am really getting into it.

still havent figured whether i should jump in it with gpu or wait for asic

yeh, ive made around $50 aready with my bitcoin rig, its not much, but if the price jump again x5 then i can sell of a whole bunch and buy low again, all parts have a 3 year warranty so i can run them into the ground and get them replaced, all in all when its said and done i still have a kick ass gaming rigg if bitcoin fails, if you have an asics and bitcoin fails then im not sure what else you can do with the hardware.

mining in a pool wont make any difference at all, because at the end, when you find the block and complete the cycle, each miner will get the same part as if they mined individually..

Its funny to think that people who join a bitcoin mining pool, will make more money lol... That's not going to happen.

You will spend most of your time in idle, making zero work/BTC, if you are not part of a pool.

Are you saying that he doesn't know what he's talking about?

No? That's hard to believe :1orglaugh

Amazing how EVERY single cry baby bitthurt hater here doesn't know shit about the subject.

Maybe it was your "short" experience trying it. Or you didn't know how to configure it properly.

I tried mining on my own and it was never ever in idle. Only problem is the speed, since I dont own an ASIC, and was mining max at 100 M/s...

BTW, Dirty_F, already said in another post that he never mined a single coin...

And he doesn't have more than 15 bitcoins in total, so I really wonder why he talks like he had 100,000 bitcoins in his ass.

Just my two Bit-Cents.

I have a hard time believing you were handed continued work as a standalone miner

"With solo mining, you have a small chance at getting the full payout of 25 BTC ranged around the time it should take to get you a block. The error in this range is what is known as luck. You could have good luck and get a block before the time you're supposed to, and you could have bad luck and not get one for a long time.

What solo mining does is takes the amount of work you do, and runs it through an equation that gives you the exact amount you should have gotten paid in that time period taking into account your hashrate.

For example: You have x hashrate which should get you a block every 10 days. You join a pool and they pay you 2.5 BTC per day to mine; this will give you 25 BTC every 10 days. If you were solo mining with x hashrate and you should get a block every 10 days, it could be 8, it could be 25"

i was getting around 2700 with cgminer + custom flags but as i have stated before and i guess i will have to remind you again, i am having heating issues. hence why i needed to roll back my core and mem clocks. As an added bonus i dont pay electricity where i live. thats taken care of. I started this not as a Get Rich Quick scheme but as a hobby, i make more money/BTC by day trading the coins i have. But hey, if its making me an extra $400 a month extra at the currect BTC price then thats nothing to sneeze at.

(removed post)