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  #281  
Old 20th October 2017, 03:45 PM
ulfilias ulfilias is offline
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Originally Posted by moltuae View Post
You don't need to be able to send international payments to buy BTC (well, not from Bittylicious anyway). You just need to be able to send instant bank transfers (aka 'Faster Payments'). Once you commit to purchase on their site, you're given the bank account details of a UK seller to send the payment to.
Just bought a small amount 0.01 BTC to check and see how it all works. It's pending but looks good. I wonder what's that in pizza percentages

I was more mentioning Revolut as it's useful if you do need international bank payments etc!


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If you're considering getting started in mining, I think it's better to start small. Just grab a profitable graphics card, install NiceHash, enter one of your BTC addresses and start mining. You won't make any huge profits but you'll get a feel for it with minimal risk. If you decide mining is not for you, there's a good chance you''l be able to sell any graphics cards you bought for an amount similar to what you paid for them.
If I had a PC that I could install something in, it would help. The work PC is an old Core2 duo and the last time I really played with PC hardware at home it was for home cinema stuff and that's probably way out of date. I use a HP micro server as a media unit with a custom linux distro which is probably my newest thing besides my laptop and they're not really recomended!
Mobile devices do most my tech needs these days!

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Mining can be fun and worthwhile but, depending on your situation, it can sometimes make more sense to simply invest in cryptocurrencies. For me, mining makes sense for a number of reasons: I can claim some of the equipment costs as business stock/expenses, I can make use of the heat generated and I (partly) have access to free electricity at my customer's premises (with their consent of course!).
I do in that sense have an office i could put something in, getting close to winter and this place could use some heating
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  #282  
Old 21st October 2017, 12:15 PM
ainarssems ainarssems is offline
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If I had a PC that I could install something in, it would help. The work PC is an old Core2 duo and the last time I really played with PC hardware at home it was for home cinema stuff and that's probably way out of date. I use a HP micro server as a media unit with a custom linux distro which is probably my newest thing besides my laptop and they're not really recomended
Pretty much any PC will do if it has 1 or even better more PCI-e slots, space and enough power supply. Newer motherboard/CPU/RAM will mean less power consumption but the old still work fine and does not affect income. For example my old motherboard with the rest of hardware would consume 100W or £8/month before adding any video cards, the modern ones do half of that 50W/£4/month. I am still running 2 video cards off it now but it's not generating much profit, mostly used as testbed, flashing modded BIOSes to video cards ect. But it still does something like £60 income with £32 electricity costs.

Quote:
I use a HP micro server as a media unit with a custom linux distro which is probably my newest thing besides my laptop and they're not really recomended!
I also have HP Microserver and my plan is to migrate 2 of my GTX 1080Ti to run from it externally but due to other priorities this has been delayed, possibly add a 3rd one later.

Quote:
I do in that sense have an office i could put something in, getting close to winter and this place could use some heating
GPU's are OK for heating but ASICS are way to much noisy to use them directly.
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  #283  
Old 21st October 2017, 12:22 PM
ainarssems ainarssems is offline
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Originally Posted by Delboy View Post
Question for you all.

How much data is passed over internet to run a miner.

Was thinking if possible to run on boat I work on which has power on tap but internet is via sat.
The internet usage is very little, I have not done any tests but I understand you need less than 5kB/s with less than 2GB/month usage but low latency plays part which could be a problem with satellite. Probably not a problem with high power miner which runs at high difficulty but if you just run a test with like a 1 GPU PC you might get your shares rejected if they are late. Obviuously cannot say for sure as I have not tested.
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  #284  
Old 21st October 2017, 12:25 PM
ainarssems ainarssems is offline
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I have another L3+ arriving Monday or Tuesday . I bought it on e-bay and stuck to the budget I have set but I made a mistake where most of the ones I was looking at had PSU included but not this one. Luckily I have a spare PSU.
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  #285  
Old 21st October 2017, 12:39 PM
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moltuae moltuae is offline
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Quote:
Originally Posted by ainarssems View Post
I have another L3+ arriving Monday or Tuesday . I bought it on e-bay and stuck to the budget I have set but I made a mistake where most of the ones I was looking at had PSU included but not this one. Luckily I have a spare PSU.
Cool

How's your L3+ doing?

The first two we got got, which I suspect are from an earlier batch, take several reboots before they'll see all the ASICs but are fairly stable once they're running properly. The one that arrived later has been rock-solid so far. All of them are 'earning their keep' nicely now though. Probably earning at least £500/month each at the moment.
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  #286  
Old 21st October 2017, 12:59 PM
ainarssems ainarssems is offline
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Mine is running great so far, no issues. 481MHz, rig reports 627-629 MH/s, Nice hash was showing 639 average so I have advertised as 640 on miningrigrentals and for the most of cases it exceeds it there.

S9 price have gone up now but I think I will order at least one when L3+'s have earned enough for it/them.
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Last edited by ainarssems; 21st October 2017 at 01:02 PM.
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  #287  
Old 21st October 2017, 05:28 PM
ainarssems ainarssems is offline
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Nicehash gone very optimistic with Bitcoin valuation

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  #288  
Old 21st October 2017, 06:09 PM
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moltuae moltuae is offline
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haha

That would be a great monthly income!

They're getting ahead of themselves. It'll be a few years at least before Bitcoin's at that price

Quote:
1 BTC = 41086658288064 GBP was used
(Actually, it could happen ... if the economy collapses and the pound goes the way of the Venezuelan Bolivar).

I saw a similar glitch with the Blockfolio app on my phone yesterday with Ripple. I think it pulled in Ripple's market cap value instead of the coin value. As a result it indicated that my Ripple holdings were worth 200 Quadrillion Dollars!
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Last edited by moltuae; 21st October 2017 at 06:13 PM.
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  #289  
Old 22nd October 2017, 10:02 PM
ainarssems ainarssems is offline
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Couple of posts to follow for weekly update.

First of all, I finally managed to move 2 of Ti's to Microserver, not without problems. first it would not detect any of them and while it detects thenm initially it does fail on one after while. I am now testing to see if it is related to any specific card, slot on my splitter or socket, wiring ect. Getting Bios update for HP Microserver is a bit of pain as well.

Couple of pics there, not the best as my phone struggles in low light conditions but it gives you general idea and shows I have spare space in the middle for the third card.





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  #290  
Old 22nd October 2017, 10:14 PM
ainarssems ainarssems is offline
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.Renting L3+ on miningrig rentals seems to have gone well consistently getting paid more that on Nicehash but it does need some input to get best out of it. I have not used their auto pricing option.. I have manually priced mine at about 5-6% higher than Nicehash 24 hr average most of the time apart from when short term Nicehash was paying out considerably more short term( it does not last long). So my rig gets rented, I set the price high for next rental and check back to adjust it when the running rental is over.

Overall my rig has been rented out for most of the time but it was not set and forget to get best out of it. When my second L3+ arrives I think I might try to use different payout addresses and auto payout to see how it compares.

There is the graph showing rented times in yellow.


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