One-week Crypto-Currency MINING CONTRACT available
 

79 minings rigs, a total of 317 individual R9 290 and R9 290X graphics cards (as well as a small number of 280's), hashing at 268,499 kH/s collectively right now. All housed in data-center environments using hot aisle / cold aisle schema. Fault-tolerant (reboot into mining mode), redundant power, good peering, etc. You get the keys for EIGHT DAYS, as I am leaving the country and it'll be annoying to manage them during that time.

What you can do:

Change what pool they point at, and which worker they are assigned to, so the coins flow to your wallet.

What you cannot do:

Anything else. At all.

This rig configuration generates $1,500 per day collectively at current prices, as a gross. You will not be paying for power, data-center space, etc, everything you mine is profit. However, I will be paying these expenses, so please keep that in mind when you make an offer.

Also remember that coin prices are very low right now, and if they rebound, $1,500 per day now could be much more when you eventually sell them. Monetize them right away if you're risk-adverse.

You are responsible for your own taxes.

Accepting offers via Skype. Will not split the rigs, will not split the days: all or nothing. Worse comes to worse, I'll train one of my friends manage them for me before I'll take a ridiculous lowball offer.

I wouldn't even have a clue where to begin on this offer. It is something though. Very serious eguipment.

It'd all depend on what you can squeeze out of it. Before expenses, this will produce $12,000 in 8 days if it's just left to do its own thing. Of course, it'll produce it for ME, which wouldn't be very useful to you unless you were feeling generous. :1orglaugh

That's with my pools, my software, etc. You may do better or worse, depending on your participation in pools, currency, etc.

Damn, no wonder you had so much doge. Why not just leave it mining while you're gone?

I'd have to train someone to currency-hop and pool-hop based on human decisions. I'd rather just have someone else take the reigns for 8 days ... but if I have to, I'll definitely train a friend on it and go that route.

How many dogecoins can you mine in a day?

is that your rig setup?

if so, LOL :1orglaugh

Not sure I understand. Do you not like the 290 and 290x cards?

What if you do not hop? Not the optimum profit, but still something decent? Or it may get to 0?

Dogecoin reward was cut in half. Now it'll do about 800k-1.2MM per day, depending on the pool.

So basically you are giving out profit for someone because why?

It can get 0, yes. That'd be much less profitable to me, obviously.

If you read the original post, you might discover the answer. Then again, it's you, so probably not.

I can see it is a generous offer and opportunity. I wish I had the knowledge to work it. Right now I would probably shoot myself in the foot.

I hit myself in the head a few times to try to see where you were coming from, and realized that you might know so little about mining that you thought this could be used for Bitcoin. For the benefit of others, I should mention: this is NOT a setup for Bitcoin, it's for Scrypt-based coins. Do NOT try to mine Bitcoin with this ... not only is Bitcoin mining stupid, it's not possible to turn a profit with GPU-based setups anymore.

This setup does ~$1,500 per day with Scrypt (Litecoin, Dogecoin, etc), but will do about $20/day with Bitcoin.

Hopefully I dumbed that down enough.

:1orglaugh :thumbsup

That's an impressive setup. Out of personal interest, may I ask why you elected not to use ASIC based miners?

There's no such thing. ASIC only exists on the Bitcoin side, and people who are getting into Bitcoin instead of Scrypt-based coin aren't the brightest. Look at the sheer level of stupid in this thread alone.

$10,500 for 8 days, going once ....

instead of playing "make an offer" game, how much do you want for it?

So if I invested $159K into vid cards/rigs, I could generate approx $1500/day as well?

Given the correct software and management, yes. If you mined and held, you'd likely make a lot more. These were much more profitable a couple of months ago .. or even a month ago, at that. The Mt.gox bullshit has dropped prices a lot.

If I knew anything at all about that,

I would just tend it for you while your gone for a fee.

Not an awful idea, but so few people can actually do the job, it's better for me to just take a flat fee and make a little less. Look at how divided the "haves" and "have nots" are in crypto. Marcus Aurelius, for example -- he's not usually entirely bright, but he's not usually seeandsee stupid, either. Yet, look at his comments in this thread; they show a person who might know a bit about mining, but doesn't interpret the data correctly to make an informed opinion. Paradoxically, knowing less would have benefitted him in this regard to not look so foolish.

This situation just highlights the need for me to train a padawan.

That's 200k $ in equipment, congrats man !
I have only 30 rigs, but improving slowly :)

Sold to the sexiest man to ever grab my ass. Sorry to end so early, but I'm satisfied.

good deal for someone..........:thumbsup

wow this is crazy. It takes 80 computers to make $1500 a day?

$45,000 per month on a $175k investment is damn good. :thumbsup

More than good man, congrats !

And that's just mining , no need to mention daily trades!

I love reading your posts about coins. You were talking about Doge long time ago, and am happy i listened to you :thumbsup

the return is great ya.
What costs are there monthly and how much time does it take ?

Glad it helped you. I've shared a lot of financial advice over these past 10 years, and luckily all of my picks have been winners. I hope it helped a lot of others, too. :thumbsup


I don't want to do a Q&A type thing, as I don't feel like feeding trolls. To wrap this up, though, the monthly expenses for mining are all data-center related. If you scale at all, you need to be in a data-center .. you're not running this out of your bedroom.

Time-wise, it's about an hour per day, but that hour is the difference between making $1,000 and making $1,500.

damn i so love your rigs and setup.

congrats. and best wishes.
i like the scyrpt, as there wont be asics for them and there is still time to jump on it.

Serious machines - I'd be all over this if my hands werent full.

I'd love to get into some Scrypt shit - I have plenty of rackspace in DTLA data center if anyone wanted to throw some rigs in there.

If you decide to go the Padawan route I might be able to clear my schedule for a week or so

I'm surprised the DEA hasn't kicked in your front door with that much electricity use.

This is virtual money. There is zero profit unless you can cash it out, which you can't.

How sure are you of this? ^

I'm willing to bet real dollars you are wrong

<--------big fan of edgeprod stir em up threads!

... Why would they kick in MY door? I don't have a single rig at my house.


You accidentally stumbled into a thread where people who have money are making more of it. I don't eat at McDonalds, but if I did, I assure you that when you took my order, you'd be putting actual dollars into the register that I converted from virtual currency. I convert some each and every week. Currency trades were capital gains and mining profits were income on my 2013 tax return. FinCEN advised us exactly how to file, and that virtual currency trading and mining was perfectly legal .. but I guess with your head so far up your ass, this news didn't make it your way.

You're 0-for-2 in this thread, and looking dumber by the minute. Quit while you're behind.

I almost made a post about that but then remembered the datacenter part... :upsidedow

There were lots of raids on houses that had rigs 1-2 years ago that police suspected they were growing marijuana plants in their basement.
I think the rule is somewhere around 3x consumption for a typical house when they get suspicious. Too bad when they kick in the doors it's just a power hungry rig. :)

I must have misunderstood a previous post where you had just received a ton of equipment for mining. I was imagining a huge home office and a spike in electric usage which here in Florida means "grower"

My bad ???.

.

Haha no worries man. I send the shipments to the datacenter, except for Newegg, who wants to ship to my credit card address. They're definitely a lot cheaper to run at home, but you can't scale that way. I'm not a pimp like Mr Pheer with a datacenter in one of my houses.

Electric bill is about $800 per month here without any pot growing or rigs running. :thumbsup

$800/month? wtf.. air conditioning or whatfor?

How much is it with the pot growing?

5,800 sq. ft. At 68 degrees. Large pool and hot tub at 86. That's the majority.


I actually started to reply, sadly. :1orglaugh

I don't know anything about mining, but am curious as to what a set up like that looks like. Pics?

:1orglaugh

I'm on my phone (Jamaica-bound) but I've posted them here before.