Bitcoin Mining - Step Inside - GoFuckYourself.com

HostWanted · 09-08-2014, 02:00 PM

We have 200 Antminer S3's ready to go, wired up and ready for your pool information.

Pay today, mine today. This is not cloud, it is real hardware that you own.

We provide the miner itself for $500.00, including power supply, already racked up and ready to mine.
Monthly co-location fee per miner bills recurring month to month depending on term selected.

24/7 support via support system.

Have your miner shipped to you at any time, you pay shipping.

Sign up today, mine today.
hostwanted.com/cart.php?a=add&pid=5

KillerK · 09-08-2014, 10:26 PM

How much does one of those earn per day?

edgeprod · 09-08-2014, 11:00 PM

You guys are GFY sponsors now, so you can post ads like this? Awesome. Welcome aboard.

Marcus Aurelius · 09-09-2014, 04:30 AM

Quote:

Originally Posted by edgeprod

You guys are GFY sponsors now, so you can post ads like this? Awesome. Welcome aboard.

Control your butthurt.

mobstriker · 09-09-2014, 04:38 AM

profit per day?

bronco67 · 09-09-2014, 06:47 AM

I have some shovels I'll sell you for $500. I would use them to dig myself to easy street, but I like selling shovels better.

HostWanted · 09-09-2014, 06:49 AM

Currently each S3 will produce between 150.00 to 200.00 per month. As bitcoin is currently low that doesn't seem so much however that earning swings up very rapidly as BTC value rises which it will. Lots of good things going on for BTC at the moment. Yesterday paypal (braintree) announced their initial foray into support for the crypto-currency. Price of coin will rise.
The mining community sees how low it is yet they still mine on. The goal of mining is to gain as much coin as you can so that when it does swing high its time to hit vegas like a baller, lol

Anyhow, if you had say, 40 s3's you would be earing about 8k a month even with coin as low as it is.

HostWanted · 09-09-2014, 06:52 AM

Love the shovel analogy. You need bigger better shovels so you can sell off the smaller ones.

ottopottomouse · 09-09-2014, 08:17 AM

See that boat disappearing over the horizon? You should have been on it.

rowan · 09-09-2014, 08:30 AM

If you're paying $79 a month to colocate this you'd better be hoping that BTC value will rise in the future, because otherwise I doubt you'll ever break even.

edgeprod · 09-09-2014, 10:58 AM

Quote:

Originally Posted by Marcus Aurelius

Control your butthurt.

Haha .. I'll bite on your most recent fantasy. Why exactly would I be butthurt?

Choopa Phil · 09-09-2014, 11:47 AM

So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right?

edgeprod · 09-09-2014, 11:52 AM

Quote:

Originally Posted by Choopa Phil

So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right?

90% right, but you have to add in that you'll also lose your investment in the monthly costs and setup fee. And, if Bitcoin goes down, ouch.

Mining coins that are ASIC-broken is brutal.

You'd be better off buying Bitcoin directly if you're banking on it going up as part of your strategy.

HostWanted · 09-09-2014, 02:37 PM

That is of course if you beleive that Bitcoin will drop... I happen to believe its going the other direction which is why I have bigger badder equipment now myself. :-)

Gateway69 · 09-09-2014, 02:59 PM

Bitcoin mining at its current state if you have to pay for power, hosting, cooling etc is not profitable, your basically betting that the price of the btc your generating goes up several x so the small amount you generated that maybe cost your x per month is now 200x more.

I recently sold several TH and called it a day since my power isnt cheap. If I could of hosted in WA where some places have .02 KWh I might of kept them going.

Here is some info.

1.2 Th/s or 1200 Gh/s

The expected generation output, at 1200 Ghps, given current difficulty of 27428630902.258 , is 0.0220024481171 BTC per day and 0.000916768671547 BTC per hour.

5 Th/s or 5000 Gh/s

The expected generation output, at 5000 Ghps, given current difficulty of 27428630902.258 , is 0.0916768671547 BTC per day and 0.00381986946478 BTC per hour.

Of course this depend on the pool luck you have and what their pay out system is on top of your hosting and power costs and not to mention every 10 days or so the bitcoin network adjusts its self due to the difficulty rises and your amount your generating each 10 days gets less and less.

edgeprod · 09-09-2014, 09:07 PM

Quote:

Originally Posted by HostWanted

That is of course if you beleive that Bitcoin will drop... I happen to believe its going the other direction which is why I have bigger badder equipment now myself. :-)

If your bet is on Bitcoin rising, why not just BUY the Bitcoin? Is your time worth zero?

DDuckworth · 09-09-2014, 11:43 PM

Quote:

Originally Posted by KillerK

How much does one of those earn per day?

Not enough to cover your electricity costs, the only way it could make you a profit is if you have free electricity!

LizardKing · 09-10-2014, 06:45 AM

True

difficulty is so fucking high that you need (at least almost) free power to make money.
Ah yes - and I am still waiting for my X3 - Fuck Blackarrow...

AdultKing · 09-10-2014, 07:05 AM

http://619mining.com

Quote:

You may contact 619mining on Skype at: MiningIn619

edit: pictures

https://www.icloud.com/photostream/#A45qXGF16NSQs

Gateway69 · 09-10-2014, 02:11 PM

I have 2 or two left of our Habanero boards we developed, if anyone is interested.

Of course the day of the home miner is pretty much gone. I know of some pretty cool tech being developed and of course the important thing is to get more out of the chip for less power which we will start to see some things cropping up, but you still have to make a decent investment and your probably better off buying bitcoin now esp at the low price than just dealing with all this hw crap

09-08-2014, 02:00 PM	#1
HostWanted Registered User Industry Role: Join Date: Dec 2013 Posts: 49	Bitcoin Mining - Step Inside We have 200 Antminer S3's ready to go, wired up and ready for your pool information. Pay today, mine today. This is not cloud, it is real hardware that you own. We provide the miner itself for $500.00, including power supply, already racked up and ready to mine. Monthly co-location fee per miner bills recurring month to month depending on term selected. 24/7 support via support system. Have your miner shipped to you at any time, you pay shipping. Sign up today, mine today. hostwanted.com/cart.php?a=add&pid=5

09-09-2014, 06:47 AM	#6
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	I have some shovels I'll sell you for $500. I would use them to dig myself to easy street, but I like selling shovels better. __________________

09-09-2014, 08:17 AM	#9
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	See that boat disappearing over the horizon? You should have been on it. __________________ ↑ see post ↑ 13101

09-09-2014, 11:47 AM	#12
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right? __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *

09-09-2014, 02:59 PM	#15
Gateway69 Confirmed User Join Date: Jul 2002 Posts: 1,510	Bitcoin mining at its current state if you have to pay for power, hosting, cooling etc is not profitable, your basically betting that the price of the btc your generating goes up several x so the small amount you generated that maybe cost your x per month is now 200x more. I recently sold several TH and called it a day since my power isnt cheap. If I could of hosted in WA where some places have .02 KWh I might of kept them going. Here is some info. 1.2 Th/s or 1200 Gh/s The expected generation output, at 1200 Ghps, given current difficulty of 27428630902.258 , is 0.0220024481171 BTC per day and 0.000916768671547 BTC per hour. 5 Th/s or 5000 Gh/s The expected generation output, at 5000 Ghps, given current difficulty of 27428630902.258 , is 0.0916768671547 BTC per day and 0.00381986946478 BTC per hour. Of course this depend on the pool luck you have and what their pay out system is on top of your hosting and power costs and not to mention every 10 days or so the bitcoin network adjusts its self due to the difficulty rises and your amount your generating each 10 days gets less and less. __________________ Gateway - Tech Guru Dreaming Computers IG

09-08-2014, 10:26 PM	#2
KillerK Confirmed User Join Date: May 2008 Posts: 3,406	How much does one of those earn per day?

09-08-2014, 11:00 PM	#3
edgeprod Permanently Gone Industry Role: Join Date: Mar 2004 Posts: 10,019	You guys are GFY sponsors now, so you can post ads like this? Awesome. Welcome aboard.

09-09-2014, 04:38 AM	#5
mobstriker Confirmed User Industry Role: Join Date: Jul 2014 Posts: 189	profit per day?

09-09-2014, 06:49 AM	#7
HostWanted Registered User Industry Role: Join Date: Dec 2013 Posts: 49	Currently each S3 will produce between 150.00 to 200.00 per month. As bitcoin is currently low that doesn't seem so much however that earning swings up very rapidly as BTC value rises which it will. Lots of good things going on for BTC at the moment. Yesterday paypal (braintree) announced their initial foray into support for the crypto-currency. Price of coin will rise. The mining community sees how low it is yet they still mine on. The goal of mining is to gain as much coin as you can so that when it does swing high its time to hit vegas like a baller, lol Anyhow, if you had say, 40 s3's you would be earing about 8k a month even with coin as low as it is.

09-09-2014, 06:52 AM	#8
HostWanted Registered User Industry Role: Join Date: Dec 2013 Posts: 49	Love the shovel analogy. You need bigger better shovels so you can sell off the smaller ones.

09-09-2014, 08:30 AM	#10
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	If you're paying $79 a month to colocate this you'd better be hoping that BTC value will rise in the future, because otherwise I doubt you'll ever break even.

09-09-2014, 02:37 PM	#14
HostWanted Registered User Industry Role: Join Date: Dec 2013 Posts: 49	That is of course if you beleive that Bitcoin will drop... I happen to believe its going the other direction which is why I have bigger badder equipment now myself. :-)

09-10-2014, 06:45 AM	#18
LizardKing Confirmed User Industry Role: Join Date: Jul 2014 Location: Austria Posts: 522	True difficulty is so fucking high that you need (at least almost) free power to make money. Ah yes - and I am still waiting for my X3 - Fuck Blackarrow... __________________ Get your site reviewed and listed at Porn Sites XXX

09-10-2014, 02:11 PM	#20
Gateway69 Confirmed User Join Date: Jul 2002 Posts: 1,510	I have 2 or two left of our Habanero boards we developed, if anyone is interested. Of course the day of the home miner is pretty much gone. I know of some pretty cool tech being developed and of course the important thing is to get more out of the chip for less power which we will start to see some things cropping up, but you still have to make a decent investment and your probably better off buying bitcoin now esp at the low price than just dealing with all this hw crap __________________ Gateway - Tech Guru Dreaming Computers IG