Asic Mining Hardware | Asic Miner, Bitcoin Asic Miner

Batch #2 Avalon Asic Bitcoin Mining Rig 65+ GH/s

Batch #2 Avalon Asic Bitcoin Mining Rig 65+ GH/s submitted by mco65 to BitcoinMining [link] [comments]

[x-post from r/bitcoinMining] The first batch of mining rig in the new Avalon batch.

submitted by bitcoinGPT2Bot to SubSimulatorGPT2 [link] [comments]

Mining profitability gaining momentum

Mining profitability gaining momentum
We are back!
For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.
If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.
If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h
Top mining profitability websites :
  • https://www.asicminervalue.com/ It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

https://preview.redd.it/aut9qgz76df41.png?width=1206&format=png&auto=webp&s=b85486b8b0171c91301c6fa9827bc3795a4ea2b7
  • https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

https://preview.redd.it/y0xr3dr86df41.png?width=1182&format=png&auto=webp&s=439e7cb67f8becc86f4d97c128504636922939e9
The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.
  • Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

https://preview.redd.it/msokirj96df41.png?width=891&format=png&auto=webp&s=7552b4aff2c0df4c25d9a72ecc25dfb4c2510f43
  • Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

https://preview.redd.it/ajx9eyfc6df41.png?width=894&format=png&auto=webp&s=30442d846a9d70ea3eaac6eaf7c2bdbe476384e4
  • DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s u/2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

https://preview.redd.it/l80xnwbd6df41.png?width=902&format=png&auto=webp&s=5620ecf7af742cdcae0ae7010cf910d9131ae801
These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.
Any miner suggestion, what would be your best choice and why?

Video here - https://www.youtube.com/watch?v=QvVYQFJEmnQ&t
submitted by mineshop to gpumining [link] [comments]

Have you been up to date with major Crypto news from this week?

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Block Erupter vs. GPU

So I'm considering my first mining rig, because I'd like to get into bitcoin (not for the big digibucks) and I wanted to check my reasoning with the this subreddit. I see a lot of disrespect for the Block Erupters, but the cost has come down a bit.
Using this configuration, you get 3GH/s for about $1200 in GPU's. Not counting the rest of the build, that nets you 2.5MH/s per $1.
Using USB Block Erupters, you get 330MH/s for (based on current exchange) $90.3. This works out to 3.6MH/s per $1.
Doesn't it make sense to build a mining rig out of Block Erupters instead of a costlier GPU rig which sucks power and makes noise?
EDIT: Added mining rig link.
submitted by revolved to BitcoinMining [link] [comments]

Consider Asics as a box full of money that spit out some every day. Knowing that would you...

An Asic is like an ATM full of money that spits out some every day. Due to the nature of mining, given that a fixed amount of Bitcoins are released every time period, regardless of the total pool of processing power, as the sum of the processing pool increases, each Asic will release less and less every time period, day or week or what have you.
So you have some of these money printing boxes, or ATMS, or Asics or whatever you want to call them. And you sell them on pre-order for X amount of dollars with shipment at some ill-defined time in the future. And now you face a choice.
Of course your primary motivation as a businessman is making money. You have in your possession machines that do just that, They spit out money every day. Albeit an amount of money that decreases every time period, for each money box, as the total processing power pool in the wild increases. Of course, as you wait to ship them out to the people who pre-ordered said money machines you have them plugged in so they can make some money for you in the mean time. And you have a cost associated with running them as you wait to ship them to the buyers. The cost of the electricity to run them. The electrical cost is relatively fixed for each time period. It doesn't matter how much money the asics are making each day, they still consume the same amount of electricity.
So they are making money every day, less and less every day of course, as more and more asics are coming online. And you are pocketing that money, and paying your fixed electrical cost.
So the choice you face is this: do you ship them out today? Or wait another day? And the answer is simple, As long as they are making enough money to be profitable, you keep them and pocket the money of course. Why would you send a box full of money to someone else? Remember, you're a businessman, in the business of making money.
So anyone who preordered an Asic can rest assured of when you will get it. You'll get it on the exact day that it's not worth it for whoever has it in their possession to keep it plugged in spitting out money!
submitted by Izord to Bitcoin [link] [comments]

Tera Hash Rate is going to explode. What happens afterwards?

Bought myself a 5GH/s BFL miner. Not expecting to see it until June. Numbers like this make me fear even wanting to connect that device to my PC when I get it... Will it even be worth mining without a Mini Rig SC or Avalon at that point?
" In the next few months, Bitcoin network hashpower will only continue to increase. Avalon’s three shipments altogether will make up a total of 1500 units, or over 75 TH/s, and ASICMiner is planning 50 TH/s by the end of April, and 200 TH/s soon after. By the end of the year, ASICMiner’s friedcat writes on Bitcointalk, ASICMiner’s total hashpower may be as high as 1000 TH/s, and friedcat even adds that “some may say that 1,000TH/s at the end of this year is too conservative.” "
Link to article hosting this quote: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
submitted by goldhaxx to Bitcoin [link] [comments]

Is mining profitability in question?

I would like to think I am like a lot of other hobby miners out there. I got into the crypto business a couple years ago, and until recently I had no interest in mining.
Now as a side hustle/hobby; I own two ASIC mining rigs, and have 2 more on pre order, plus there is a 19 GPU PC Mining Rig in the works. The last couple weeks have been rough on the cryptocurrency mining gang. Profits haven't been this low in a while and unless the market takes a sudden spike towards the moon, it doesn't look like it is going to get better.
So with all that, here are my thoughts on profitability.
Antminer S9, Price: $5,000, Profit: ~$450/Month, 310 Days To Break Even
Whatsminer M3, Price: ~$3500, Profit: ~$365/Month, 287 Days To Break Even
Avalon 741, Price: $2500, Profit: ~$270/Month, 278 Days To Break Even
I calculated these this morning, and the price seems to be going up as I am writing this. The way I see it, the mining ecosystem has stabilized from the craziness. When I initially looked into mining several years ago; the payback period was a standard 6-10 months. Anything less than that is unsustainable. When it falls below that time look for price of miners to go through the roof and the mining space becomes overpopulated until it levels off. Meet that with a huge dip in the price of cryptocurrencies and you have the perfect hit to profitability. I am personally taking this opportunity to HODL my coins and wait for a better selling opportunity. At the end of the day, my message is that, crypto mining can feel discouraging sometimes, but that is simply because the mining ecosystem is unbalanced and has to correct itself.
I put together a youtube video discussing all of this here: https://www.youtube.com/watch?v=bdz7xaVT8u8
These numbers were calculated mining Bitcoin Cash, not bitcoin.
submitted by prospector_jim to Bitcoincash [link] [comments]

4 Bitcoin-Newbies: What I have learned about BTC in 4 months

Hi guys,
I was introduced to Bitcoins last September. I didn't know anything about that and I started studying more about that.
I also found this forum and learned A LOT from you guys, so, to thank you all and to give back, I thought about doing a small summary of what I have learned so maybe new guys can find this helpful.
I will post a lot of links from outside and to my own posts, so people with the same doubts that I had can look for the answers that I got there and maybe that may answer their question too.
I learned: In September 2012, the very first thing I learned was from this video (like many of us) :
http://youtu.be/Um63OQz3bjo and this website: http://www.weusecoins.com
My friend introduced me to my first wallet and my first pool: http://bitcoin.org/ and http://bitminter.com/
I still didn't know what I was doing.
This amazing post resolve 99% of your doubts: https://bitcointalk.org/index.php?topic=9430.0
At the end September I found out that mining as we know it (or as I just knew) was about to end thanks to the ASIC machines. I didn't know what mining was and less idea of what ASIC was. So I started reading about that and I find many companies like Butterfly Labs, Avalon and BTCFPGA (http://bitcoinmagazine.com/tag/asic/)
I learned how awesome this forum is, willing to help a new guy like me
I was still learning how to mine, so I asked in this forum about that (https://bitcointalk.org/index.php?topic=114723.msg1236829#msg1236829) and they told me about pools, mining and I ended upgrading my graphic card (you can compare the speed of mining here: https://en.bitcoin.it/wiki/Mining_hardware_comparison and you can calculate how many bitcoins here: http://tpbitcalc.appspot.com/)
I found out all the pools out there (https://bitcointalk.org/index.php?topic=104664.0)
In October I was looking for rigs to mine (https://bitcointalk.org/index.php?topic=114823.msg1238027#msg1238027) because I found this video: http://youtu.be/eLt8Se3vVNg
Then I didn't understand why pay fees when mining, but this forum was even greater than what I thought https://bitcointalk.org/index.php?topic=115260.msg1242456#msg1242456
So once I learned about mining, I download GUIminer and I started mining in 3 pools at the same time (https://bitcointalk.org/?topic=3878.0)
After 40 days I mined my first bitcoin YAY! now, I wanted to know what I can do with that and I found places to buy with bitcoins like www.bitmit.net
I wanted to control my mining from my cellphone and I found Bitcare very useful (https://play.google.com/store/apps/details?id=org.cryptcoins.btcare&hl=en), and also Bitcoin Wallet to have a new wallet in your phone (https://play.google.com/store/apps/details?id=de.schildbach.wallet&feature=search_result#?t=W251bGwsMSwyLDEsImRlLnNjaGlsZGJhY2gud2FsbGV0Il0).
I wanted to buy more bitcoins, didn't know where. Dwolla https://www.dwolla.com/ and Mt.Gox https://mtgox.com/ were there for me. I found out that Dwolla is a pain in the ass. I had to wait 3 weeks to verify me and 3-5 days every time to make a deposit. But besides that, it works...althought I found this today: http://codinginmysleep.com/dwolla-begins-suspensions/
People who likes bitcoins don't usually likes PayPal
I also found places where they give bitcoins away...for free! http://makebitcoinsfast.com/ and http://earnbitcoin.wikidot.com/
I was new and happy until I found what a block is and how it dropped from 50BTC to 25BTC https://en.bitcoin.it/wiki/Blocks and http://blockchain.info/
You can know when the new block will happen: http://bitcoinclock.com/
More companies started to use bitcoins like WordPress (http://www.forbes.com/sites/jonmatonis/2012/11/16/whats-your-bitcoin-strategy-wordpress-now-accepts-bitcoin-across-the-planet/). You can even buy a house with btc! http://bitcoinmagazine.com/where-to-spend-your-bitcoins/
Cool sites that I still don't understand like: http://cognitivemining.com/ or http://bitcoinstatus.rowit.co.uk/
The biggest wallet so far had more than 613,000 BTC and its own site (http://1dkybekt5s2gdtv7aqw6rqepavnsryhoym.com/)
You can watch how bitcoins are going higher or lower in sites like here: http://bitcoinwatch.com/ and http://bitcoin.clarkmoody.com/
That a guru of Gold and Silver, is accepting Bitcoins in his web: http://mogamboguru.blogspot.com/
They have more names than just bitcoins... Sub-units of a bitcoin such asmillibitcoins ("Millies") or microbitcoins ("Mikes"). The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi")
What 2013 has in store for bitcoins: http://bitcoinmagazine.com/the-next-year-in-bitcoin-what-2013-has-in-store/
Some companies are afraid of bitcoins like apple and why: www.forbes.com/sites/jonmatonis/2012/06/13/why-apple-is-afraid-of-bitcoin/
You can help others by crowd founding with btcs: https://bitcointalk.org/index.php?topic=118458.0
You can bet anything: http://betsofbitco.in/ or http://bitbet.us/
And also short cut your wallet: http://payb.tc/
Hitler sells alls bitcoins: http://youtu.be/alc0gG0u48M
That if the bitcoin drops to $4 (it was my dream )... 82% of the people would buy all the btc they could https://bitcointalk.org/index.php?topic=137249.0
Casinos will make money....ALWAYS, any currency, any country: www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/
There is wikipedia about bitcoins (http://en.wikipedia.org/wiki/Bitcoin) and there is a wikipedia only of bitcoins: (https://en.bitcoin.it/wiki/Main_Page)
Blogs keep growing to understand better about bitcoins: http://www.thebitcointrader.com/
I learned the hard way that if you have several wallets in your Bitcoin Wallet in your phone, it can crash and lose money. Be careful. https://bitcointalk.org/index.php?topic=137785.msg1468748#msg1468748
You can have multiples wallets in your computer thanks to: https://multibit.org/
I thought a fork was for eating, but there are more https://bitcointalk.org/index.php?topic=136802.msg1457287#msg1457287
There is no flaws in bitcoins: https://bitcointalk.org/index.php?topic=136740.msg1456910#msg1456910
Also, if you sign your account of the forum with your wallet, your nickname would be attached to it, always: https://bitcointalk.org/index.php?topic=137667.msg1467500#msg1467500
You must create a SECURE wallet: https://bitcointalk.org/index.php?topic=17240.0
And that's it so far. I'm still learning but I can see how much I have learned in just 4 months. I got my wallets secured, with many bitcoins and waiting for an asic.
I hope this post can help anybody.
Thank you guys!
All the best.
Source:https://bitcointalk.org/index.php?topic=138890.0
submitted by saidee to Bitcoin [link] [comments]

5 AntMiner S1's for my home mining rig?

Sometime mid next week (Jan 19-21) I should have ~$5,000-6,000 in PayPal. I am looking to buy 5 S1's direct from BitMain.
I've got a few questions/concerns however.
The biggest concern right now is being able to buy $5,000 of bitcoin, using PayPal. I'm 16, so withdrawing all that money to my student checking account is a no-go. My mom also doesn't want to give PayPal her tax ID, and credit card so she has unlimited withdrawing capabilities. I plan on asking around the Chicago Bitcoin Meetup if anyone there would be able to sell me that much Bitcoin, and for PayPal or something along those lines.
After I get the bitcoins, and the S1's delivered, any advice on keeping them cool, and clean? They'll probably go in my basement, and I'm thinking about some kind of horizontal rack, and cooling system. I'd like to overclock them to 208 gh/s. One of my friends has built a LN2 creator before, and was talking to me about possibly doing this for all my BTC miners, so we could further overclock them, increasing profitability.
I'd expect some kind of decent ROI with this setup, and yes current profiribility calculators will probably tell you I won't make much, but I'm gonna go out on a limb and assume Bitcoins will be at, or over $1,000 a pop by SeptembeOctober of 2014.
I also plan on using Coinwarz and mine the most profitable coin each day, and sell via cryptsy. I'll also just save some bitcoins for the future.
What kind of PSU's should I get for 5 of these bad-boys? Would 2 1050w PSU's and then another 700w one be alright?
My friend, who bought an Avalon Asic Batch 2 last year for ~$1,500 made a great ROI, and he is doing the same exact thing I am with this project. Except that he might end up with 10 S1's, while I'll have 5 of them.
If anyone has any advice for me, I'd love to hear it. I've been following Bitcoin very heavily sense I first herd about it in 2008 (It was only $2 a pop when I just went on #otc) but this will be my very first mining rig of my own. I've mined of my GPU/CPU using various coins, along with my usb asic, but this will be a large project/rig.
submitted by llanox to BitcoinMining [link] [comments]

Want to invest in Bitcoin? Buy them, not mining rigs! Bitcoin mining has become a gamble.

Mining is becoming profitable only for the hardware manufacturers.
The demand for mining rigs remains frantic, despite that most current ASICs will not ROI once backorders are filled. It is a gamble whether or not your order will be fulfilled first, and even if you do ROI, you are most likely looking at a 10-20% profit over the course of 12 months.
Miners are trying to resell their miners for MORE than they paid for it AFTER mining on the machine for over a month.
Invest in Bitcoin directly. Buy and hold if you are looking for long term profit. Money is being pumped away from the Bitcoin economy and straight into the pockets of hardware manufacturers. This is truly a case where the shovel sellers are ripping off the prospectors.
I am a miner myself and the current state of mining is painful to bear.
Consider getting into Bitcoin in ways other than mining. I am not posting this for any personal gain, but because the community needs to WAKE UP and realize that BFL, Bitfury, Avalon etc are not free easy money. The low hanging fruit has been picked.
I wrote this quickly and this problem seems to be ignored on Reddit in hopes to insight discussion into a topic that I feel is being ignored in this subreddit.
Thanks for reading, StringTheory
submitted by StringTheoryBTC to Bitcoin [link] [comments]

Japan's Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)
Japan's leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing.
GMO's upcoming bitcoin mining facility will have racks, air conditioning, firefighting and security, GMO outlined, adding that power used will be renewable energy, namely geothermal and hydropower.
The new mining venture will be competing with a few existing mining equipment producers including Bitmain, whose Antminer S9 is the current favorite ASIC bitcoin mining rig worldwide.
Each of the latest mining rigs Bitmain is building has a hashpower of 14 TH/s, but a power usage of 1,372 W. Its chips deliver 0.098 J/GHs, which "Is the world's most efficient bitcoin mining chip in the consumer market," according to the company's website.
The company does not sell mining rigs to consumers, opting to sell whole data centers to enterprise customers and governments instead. Canaan, formerly Avalon Mining, is based in China and also produces 16nm chips and mining rigs.
In addition to operating the mining center, GMO's mining business will offer cloud mining as well as the sale of its "Next generation mining boards." Mined cryptocurrencies including bitcoins will be supplied to the company's bitcoin exchange, adding liquidity.
Summary Source | FAQ | Feedback | Top keywords: Miner#1 bitcoin#2 GMO#3 chip#4 company#5
Post found in /Bitcoin, /btc, /CryptoCurrency and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin Mining Manufacturer Canaan Acquires Proof of Existence

This is an automatic summary, original reduced by 80%.
The first document timestamping service for the Bitcoin blockchain, Proof of Existence, has been acquired by Bitcoin ASIC mining hardware manufacturer Canaan.
Founded in 2013 and headquartered in Beijing, Canaan Creative Co. Ltd produces Bitcoin mining rigs, designs ASIC microprocessors and operates data centers.
Avalon mining rigs were sold and delivered before any other brands of ASIC bitcoin miners, even pre-dating the infamous Butterfly Labs brand, making it the oldest brand of Bitcoin mining equipment still in production today.
Proof of Existence was another historic debut for Bitcoin.
The first of many similar services and protocols to do the task, Aráoz's website uses a special bitcoin transaction that contains the hash in Bitcoin's OP RETURN script, embedding it into the bitcoin blockchain.
Proof of Existence was his first, which led to him working for Bitpay in 2014, where he helped develop the popular Javascript Bitcoin library, Bitcore.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Bitcoin#1 Proof#2 first#3 Canaan#4 service#5
Post found in /Bitcoin, /btc, /CryptoCurrency and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Want to invest in bitcoin but willing to accept more risk for more return? Maybe investing would be right for you!

As we all know, companies such as AsicMiner are currently kicking butt with their asics by releasing the eruptor blades and Erupter USB sticks for mining. This combined with their 28% or so of total hashing power for the entire bitcoin network is resulting in fantastic growth over the past few months, and their dividends are doing quite well.
If you are interested in shares of AsicMiner , check out either Direct Shares or Pass Through shares, which is just one share of AsicMiner. You can find them in auctions on bitcointalk as well as sites such as BTCT.TO
You can also get smaller shares known as micro shares. There are often times 1/100th of a full share so people can easier purchase them and provide an easier method for reinvesting dividends.
There are other shares too, such as AMC which just recieved a few Avalons they purchased a while ago. Keep in mind that the owners relations with others on the forum is quite poor and very unprofessional, so I would still consider it rather risky.
There are also companies which are not based on bitcoin but experimenting with it as a source of capital, such as KenilWorth on bitfunder, who are a mining company which finds raw material deposits and then sells them to another company (I think). The people with that company are VERY responsive on bitcointalk and seem to be very professional.
You can even if you wish bet on funds which are reliant upon BFL's shipping, such as HaveLock's Investments Mining Fund. The owner of that fund is also rather response on bitcointalk and is a very down to earth person from what I have seen. For example, they just purchased a single Jupiter rig from KnCMiner in an effort to diversify so if BFL fails they will not be destroyed.
They are also other funds out there which are designed to represent an amount of Mhash/s per each share, for example RedStarMining which aims to have 180 Ghash/s eventually, with each share containing 2.818 Mhash/s.
Also, a very cool thing about these funds is that they are very present on bitcointalk in the securities section, so you can see up to date discussion about each fund. For example, for red star mining, here is their thread: https://bitcointalk.org/index.php?topic=63257.0
You can even get a fund in an exchange, such as Crypto-Trade! Though, they seem to be having some major issues with their site for a while now, which is unfortuntate.
And you can get shares in the gambling site satoshidice!
There are tons of such securities available for lots of different styles people could choose, and because of bitcoin buying these shares is a very painless process. But do keep in mind that this is riskier than just holding bitcoin, and there are a good bit of scams prevalent in such securities, but if you keep an eye out and read their associated threads on bitcointalk you will be for the most part safe. Also, investing in companies like AsicMiner increases the network hash rate, making it even harder for a single entity to barge in and get more than 50% of the network hash rate, resulting in an even more secure network! These sometimes even hare shares which cost less than five dollars, so to get started you don't need much BTC at all.
And here is the link to bitcointalk for anyone who wants to do more research and look at any other funds which might be of interest. Don't forget that there are some funds which are not exchanged on these sites, for example group buys where each buyer holds a certain percentage of proceeds from a very expensive miner they pool together to buy. As earlier though, be careful.
There is also a really good subreddit for discussing these securities as well as others on /BitcoinStocks !
Edit: Added in bitcointalk threads for each security I listed.
Edit: It seems that there are nearly half as many downvotes as there are upvotes. Can anyone clarify?
submitted by hak8or to Bitcoin [link] [comments]

bASIC-Mining hits 1 TH/s milestone!

From the latest bASIC update:
bASIC-Mining reaches 1Th/s milestone
Posted: 38 minutes ago
bASIC-Mining is pleased to announce the receipt of it's long awaited batch 3 Avalon. This is a four module unit capable of 85-100Gh/s. The company's newest hardware addition has been configured and is now mining.
With this addition the company's hashrate has grown to 1,025,000Mh/s. bASIC-Mining management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following:
(1) BFL Minirig SC
(4) BFL Single SCs
(1) Avalon 4 module rig
(3) Avalon 3 module rigs
(2) Radeon HD 6770 GPUs
(2) Radeon HD 7770 GPUs
bASIC-Mining has a very strong balance sheet with zero debt, 1120BTCs in reserve, and daily growth fund contributions of 30% of mining revenue.
Cheers,
CreativeX
http://i.imgur.com/JHjn1Ju.jpg
http://i.imgur.com/oszCkOQ.png
http://i.imgur.com/sm65wWc.png
https://bitcointalk.org/index.php?topic=130982.0
https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE#gid=0
submitted by GrassyGreenIntegra to BitcoinStocks [link] [comments]

Would setting an amount of mining ability per bitcoin user make for a stronger worldwide network in the long run?

Foremost a lot of people profiteering off large scale expensive mining rigs may get BUTT SORE when I bring this up, but it's a logical question. And I am pro-capitalism for the most part, but does this mean that the one world currency bitcoin is going to be capitalistic? Worldwide capitalism?
And before you mention: I have looked into "frecoin" it's not appealing to me. And if you think this post is "communist", I don't identify with this movement, I'm pro bitcoin. I'm just trying to get the communities feedback on this or any thoughts.
Would limiting the amount of mining ability per bitcoin user make for a stronger worldwide network in the long run? Now a lot more people/nodes would be mining if it were more profitable. And this would ensure that if any of the larger mining farms went down, millions of others would be mining! It also means for a more equal distribution of wealth and makes bitcoin appear more accessible to people in third wold countries without $20,000 asic/avalon rigs.
It also would be a major incentive for millions of new people to want to hop on board with bitcoin if they could earn more than .0001 a day mining 24 hours straight.
Also I know some people think Satoshi is the "cyberchrist" and should be man of the year. And I somewhat agree. But at the same time do you think Satoshi knew that in 5 years we would hit a point where only the super rich could afford these rigs? And with all the scammy things happening and the overkill rigs, wouldn't it make sense to have the wealth distributed more equally?
submitted by Satoshiforpresident to Bitcoin [link] [comments]

What are /r/BitcoinMining's thoughts on a crowd-sourced mega rig?

Myself and a few other CS majors at a prominent US university have been following bitcoin for a while now and, with the new influx of interest in mining, have put together a few ideas.
I don't know if its novel or not, but it seems that the only way to get into the game at this point is with a lot of money for specialized hardware. Which we don't have. Nonetheless, we are interested by the idea of crowd-sourcing the funds to buy a large number of ASIC units and splitting the costs and profits among the "subscribers." We can keep some funds off the top to sustain the rig as mining difficulty increases.
Our questions for you all are:
We're interested in hearing from anyone who has mined / been part of a mining pool. We want to know about any technical and political problems and merits you can immediately think of to this system.
We understand that the market fluctuates and that there are risks to this. I think that's what makes this venture reasonable - there are people interested in getting into the game but don't want to risk more than $50. We offer the ability for a lot of people to pool that risk.
submitted by BTCcrowdsource to BitcoinMining [link] [comments]

State of the Bitcoin community.

This may be a long post but I wanted to get a few things off my chest. Some of you may not like what I'm saying but if that's the case at least take the time to discuss it rather than downvoting me. I think that's what communities on Reddit lack - discussion is how we progress and sometimes it feels like all Reddit does is downvote instead of actually talking up.
Firstly - Bitcoin in the media.
It's no big news that Bitcoin was synonymous with Silk Road and the Deep Web for a while. You couldn't have one without the other. This lead to a lot of negative press for Bitcoin itself. I think it was handled quiet well, we showed the majority of people that Bitcoin was useable in a mainstream setting but I don't think we did enough. How often do we see the good features of Bitcoins like:
How often do we see these features? I recently saw a sign in my local shop saying they couldn't accept credit card payments due to high fees. Imagine if they knew about Bitcoin, as long as they have a computer or even access to one they could attract a wider audience.
I think we can do a lot more to give out a clearer message about Bitcoin. I think a lot of the fear comes from the fact that people don't understand it. If we spend more time educating then we can get a more positive image out there.
Secondly - Miners, their profitability and other issues.
Thirdly - exchanges and how they work.
Bitcoin for devs and merchants.
I think a lot of work needs to be done for Bitcoin devs. Unlike other documentation, I found Bitcoin very hard to follow when it comes to dev. I understand the basics of coding and a few languages - not a much but enough to say make a web page or a automated program in C#. Imagine if you had Bitcoin dev dedicated websites like w3schools does for languages (I know w3 schools is a very bad benchmark but whatever). If more people understood how dev works then more people would attempt to get into it.
I think a lot of work needs to be done within the BTC community itself before we even think of making it mainstream. Even if the last price reaches $1000 it's useless if people don't know as much as should do.
submitted by Janus321 to Bitcoin [link] [comments]

Can ASIC Be Profitable if I Buy Now?

I've recently become interested in Bitcoin mining. I'm not doing anything extensive - my PC is lucky to get 200 MHash. But I have some spending money that makes me interested in something from BFL or Avalon.
However, both places are seemingly backed up with hundreds, if not thousands, of undelivered ASIC units. If I attempted to buy one soon, it may be months before I get mine - all the while early adopters reap huge rewards from the ASIC mining revolution.
So my question is: If someone were to place an order from BFL or Avalon today, would the payback even be worth it? Do you think that ASIC rigs will render FGPA and GPU miners useless, negating part of the huge mining power that ASIC units bring?
Just curious on opinions. I'm sorry if this has been asked/answered recently, but I checked a few pages and didn't find anything.
submitted by mrstickball to Bitcoin [link] [comments]

Bitcoin Avalon ASIC: Batch #2 Unboxing I Made An ASIC Miner Silent My Mining Rig Tour 2020 Bitcoin ETH Miner Tour Mining Adventure Part 5 ASIC miner for sale 2019 BITCOIN mining hardware Bitcoin Avalon ASIC. Bitcoin Miner Cryptominer.de Avalon 200GH/S Bitcoin Miner Asic 55nm Mining Cryptocurrency

Canaan Avalon Miner 741 AvalonMiner 741 image by Wikimedia Commons. Most recently, Canaan Creative presented the miner Avalon 741 – its new ASIC for mining Bitcoin. The successor to the 721st model was to become a direct competitor to S9 from Bitmain. It is quite noisy and requires lots of electricity, but at the same time very productive. canaan avalonminer 1066 pro 56th new Avalon 1066 50T avalon 1066 pro 55Th bitcoin mining rig ASIC mining machine . US $599.00-$599.00 / Set 10 Sets (Min. Order) 2 YRS . Shenzhen ASL Electronic Technology Co., Ltd. (83) 93.7% " Good communication " (4 MiningCave is worldwide distributor in Crypto currency Mining hardware Asic miner, Bitcoin, Litecoin, Ethereum and many more. Shop all at discount price! In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment: Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently. Avalon Nano 3. The Avalon Nano 3 is a 3.6 GH/s miner, which will earn you about $1 per year. No fan is required and it just plugs into your USB port on The latest offering from the China based Avalon miners. Containing eighty A3218 28nm chips, AvalonMiner 6.0 is the latest product of AvalonMiner. Its maximum hash rate can reach 3.7Ths .

[index] [15634] [30583] [2791] [14822] [27584] [12268] [12223] [24482] [10845] [8209]

Bitcoin Avalon ASIC: Batch #2 Unboxing

Avalon 6 Bitcoin Mining Hardware Setup ... Baikal Giant X10 The Most Profitable Asic Miner(Update Baikal B ... Unboxing the AvalonMiner 741 for Crypto Currency Mining Rig - Duration: 9:07 ... New Video For Avalon ASIC Miner The Bitcoin Foundation tests the new Avalon ASIC server HashRate=68GH/s. ... Bitcoin Mining Rig - 24 Machine Setup - 48Gh - Duration: 1:27. Hash Rate / Normal Mode 208 GH/S Hash Rate / Overclocked Mode 256 GH/S 2nd Gen Avalon 55nm Consumption: 700 Watt easy overclocking - just adjust chip frequenzy with a mouse click available at http ... I Made An ASIC Miner Silent My Mining Rig Tour 2020 Bitcoin ETH Miner Tour Mining Adventure Part 5 ... The coins i am mining is of course, Bitcoin ETH Mib Coin and any other coins that come along ... Avalon Project Leading Bitcoin Mining Solution _____ See also bitcoin smartcard ledger wallet nano: https://ww...

Flag Counter