Something wrong with my bitcoin miner?

[Uphorics]

Hey guys,

 

I recently bought a Rockminer R-Box and hooked it up to my raspberry pi. In the summary list I noticed almost 2000 hardware errors and the discarded amount is almost 3 times more than my accepted amount.

 

Is there something wrong with it?

 

Thanks in advance!

 

[PillowSmoke]

Please don't continue bitcoin mining.

[Uphorics]

Why not? And if not, what should I mine?

[Enderman]

Please don't continue bitcoin mining.

Bitcoin mining with ASIC miners can still be profitable. It's just using graphics cards that is not profitable.

 

Why not? And if not, what should I mine?

Use the 'quote' button so he sees your reply.

[Uphorics]

Please don't continue bitcoin mining.

Why Not?

[Pelop17]

Why not? And if not, what should I mine?

Stop mining bitcoins the difficulty is too high and you dont get the ration between the money you spend to buy the staff to mine to where how much profit will you see.

I suggest you to buy bitcoins not mine them .

Primarily bitcoin is the main exchange where all the coins will be exchange to.

 

Bitcoin mining with ASIC miners can still be profitable. It's just using graphics cards that is not profitable.

 

Use the 'quote' button so he sees your reply.

Even ASIC miners are not profitable tey are just a waste of money better throw your money out of your window

Lets say if you buy an ASIC at 0.75 btc your profit will not be even the half price you spend to buy your ASIC so you want be seeing any profit and the elcticity will go up so you are loosing money instead of making profit

 

PS: ALSO  you should mine to make money is not that point you help the community with mining is not an easy way of money

IF you want money go and find a job

 

So back to our topic, buy bitcoins sell everything and buy instead of investing to a machine that wont make you even the half you spend with not the electricity included

[Enderman]

 

Half the stuff you just said didn't even make sense in english.

And if you calculate the return rate correctly, it is possible to make profit. There are thousands of people who are currently mining and making money from it.

Go look on the internet at all the people who have made money from it, and stop lying to yourself

[Uphorics]

Half the stuff you just said didn't even make sense in english.

And if you calculate the return rate correctly, it is possible to make profit. There are thousands of people who are currently mining and making money from it.

Go look on the internet at all the people who have made money from it, and stop lying to yourself

I pretty much agree with this. If mining bitcoins isn't profitable, then why are people still doing it?

[Pelop17]

Half the stuff you just said didn't even make sense in english.

And if you calculate the return rate correctly, it is possible to make profit. There are thousands of people who are currently mining and making money from it.

Go look on the internet at all the people who have made money from it, and stop lying to yourself

Sorry about the english

No ,you are wrong  nowdays is very hard to make profit

I am not saying that you cant , people made a lot of profit a long time ago were bitcoins started

 

The technology for asics is moving too fast, each generation only has an estimated shelf life of around 6 months before it costs more than it can mine.

 

Do not buy an ASIC miner. It will cost you a lot more money than you will ever make from it.

 

I've stressed this throughout the forums, but I'll quickly go over some of the numbers once again.

 

 

The difficulty over the past 5 months has increased by an average 18.26% every two weeks; 36.532% every month.

 

Lets pretend you bought the brand new, soon to be shipped Antminer S3 first batch.

It mines at 478 G/hash and costs 0.75 Bitcoins, currently around $487.5 USD.

 

If you were to have it delivered a few days ago and running at optimal settings, it will never see a profit. It will not reach a ROI, getting as close as a deficit of 0.07 Bitcoins, then no longer able to mine over cost of electricity. Gives you a 9% loss and a nice paper weight.

https://tradeblock.c...ng/a/f6042dd799

 

Of course, you can't get a batch one, which hasn't even shipped yet, you would be limited to batch 2. Batch 2 doesn't have an estimated shipping date either. Lets say it ships and you can set it up and have it mining August 1st. 

The outlook is even worse. A large deficit of 0.39 Bitcoins remaining before the break even when the miner costs more to run. Gives you a 52% loss and a nice paper weight.

https://tradeblock.c...ng/a/c81abfe5d8

 

 

Buying an ASIC and/or mining equipment will result in a loss much larger than buying the coins directly. Your money has an infinitely higher probability of seeing a profit from purchasing coins directly versus a current generation ASIC.

 

Change the numbers around in the chart, do whatever you like. It will not make you a profit. 

 

 

https://bitcoinwisdo...coin/difficulty

 

check out this

[Uphorics]

Sorry about the english

No ,you are wrong  nowdays is very hard to make profit

I am not saying that you cant , people made a lot of profit a long time ago were bitcoins started

 

The technology for asics is moving too fast, each generation only has an estimated shelf life of around 6 months before it costs more than it can mine.

 

Do not buy an ASIC miner. It will cost you a lot more money than you will ever make from it.

 

I've stressed this throughout the forums, but I'll quickly go over some of the numbers once again.

 

 

The difficulty over the past 5 months has increased by an average 18.26% every two weeks; 36.532% every month.

 

Lets pretend you bought the brand new, soon to be shipped Antminer S3 first batch.

It mines at 478 G/hash and costs 0.75 Bitcoins, currently around $487.5 USD.

 

If you were to have it delivered a few days ago and running at optimal settings, it will never see a profit. It will not reach a ROI, getting as close as a deficit of 0.07 Bitcoins, then no longer able to mine over cost of electricity. Gives you a 9% loss and a nice paper weight.

https://tradeblock.c...ng/a/f6042dd799

 

Of course, you can't get a batch one, which hasn't even shipped yet, you would be limited to batch 2. Batch 2 doesn't have an estimated shipping date either. Lets say it ships and you can set it up and have it mining August 1st. 

The outlook is even worse. A large deficit of 0.39 Bitcoins remaining before the break even when the miner costs more to run. Gives you a 52% loss and a nice paper weight.

https://tradeblock.c...ng/a/c81abfe5d8

 

 

Buying an ASIC and/or mining equipment will result in a loss much larger than buying the coins directly. Your money has an infinitely higher probability of seeing a profit from purchasing coins directly versus a current generation ASIC.

 

Change the numbers around in the chart, do whatever you like. It will not make you a profit. 

 

 

https://bitcoinwisdo...coin/difficulty

 

check out this

If what you say is true, (which unfortunately it looks like it is) then would mining a different cryptocurrency make any difference like mining Namecoin or something?

 

 

Can we get back on topic with his question instead of getting sidetracked?

 

But yes, onto my real question, is there something wrong with my miner?

[Pelop17]

Why not? And if not, what should I mine?

hardware error means that their is something wrong with you mining equitment

Maybe the rasperry pi does not have that much power to help the machine work correctly

 

If what you say is true, (which unfortunately it looks like it is) then would mining a different cryptocurrency make any difference like mining Namecoin or something?

 

But yes, onto my real question, is there something wrong with my miner?

Well if you want to continue mining and not have any problem with the electricity cost i would suggest you try to mine new platforms and new coins but be carefull from the spam coins

Try to ivestigate search a little bit before start mining a new coin

Namecoin is good i mined it for a while

But since you have an ASIC miner you are almost limited to what you can mine ( i think)

[Uphorics]

hardware error means that their is something wrong with you mining equitment

Maybe the rasperry pi does not have that much power to help the machine work correctly

 

Well if you want to continue mining and not have any problem with the electricity cost i would suggest you try to mine new platforms and new coins but be carefull from the spam coins

Try to ivestigate search a little bit before start mining a new coin

Namecoin is good i mined it for a while

But since you have an ASIC miner you are almost limited to what you can mine ( i think)

 

 

Pretty sure that's correct, since ASIC only mines SHA256 coins.

 

One more question, what's with the discard amount? Not really sure what that means.

[Pelop17]

Pretty sure that's correct, since ASIC only mines SHA256 coins.

 

One more question, what's with the discard amount? Not really sure what that means.

i found out it means

shares that did not meet the 256diff requirement.

 

This means that your current pool difficulty is too low for the poll to mine

so it can aslo lead to why you have hardware problems maybe because not all the chips are in use but they are running

 

You can try increasing your current difficulty

[Uphorics]

what you mean by this?

On the web interface it lists the accepted amount and the discarded amount. The discarded amount is almost 3 times larger than the accepted amount. Is this due to a hardware issue? Or should I just ignore that?

[Pelop17]

Pretty sure that's correct, since ASIC only mines SHA256 coins.

 

One more question, what's with the discard amount? Not really sure what that means.

ok

[Pelop17]

On the web interface it lists the accepted amount and the discarded amount. The discarded amount is almost 3 times larger than the accepted amount. Is this due to a hardware issue? Or should I just ignore that?

i found out it means

shares that did not meet the 256diff requirement.

 

This means that your current pool difficulty is too low for the pool to mine

so it can aslo lead to why you have hardware problems maybe because not all the chips are in use but they are running

 

You can try increasing your current difficulty

[Uphorics]

Awesome, thanks for the help! I'll try to find a namecoin pool.

[Judahnator]

I pretty much agree with this. If mining bitcoins isn't profitable, then why are people still doing it?

 

Because some people dont mine for profit. They do it to help keep the network secure. The more people mining, the faster transactions are processed and the better the overall health of the network.

 

I mine in my free time, not for profit but to help the network. I rarely do, but if i break even on the power bill im happy.

[Pelop17]

Awesome, thanks for the help! I'll try to find a namecoin pool.

I think that the current difficulty of namecoin is high but not that high

 

I suggest you trying this calculator and you will be fine but still search for the coin you want to mine

 

http://www.coinwarz.com/cryptocurrency >>>>This website shows the most profitalbe coin at the given time but you should mine a stable coin with no reflexes i mean lets say a coin is first but  tomorrow that coin is last this means that this coin is not profitable and stable to mine

[Uphorics]

I think that the current difficulty of namecoin is high but not that high

 

I suggest you trying this calculator and you will be fine but still search for the coin you want to mine

 

http://www.coinwarz.com/cryptocurrency >>>>This website shows the most profitalbe coin at the given time but you should mine a stable coin with no reflexes i mean lets say a coin is first but  tomorrow that coin is last this means that this coin is not profitable and stable to mine

 TEKcoin it is then. Again thank you so much for your help

[Pelop17]

 TEKcoin it is then. Again thank you so much for your help

nothing , thats why i am on this forum to help

[Admiaczking]

The problem is that it's 2014 and mining costs more money than it actually earns you