The AntMiner Returns!

Let me start by saying that I am sorry I didn’t post this earlier. The AntMiner was very easy to set and get running. It look me a few tries without reading instructions. The first time I could not connect to the LAN interface so I had to reset it by using the button on the main board (the little one connected to the right miner).

I have over clocked my AntMiner to 200 GH/s by running a script on the web interface, instead of changing the voltage.  This is the login screen to the AntMiner.

Overview Screen

The interface is very clean cut and professional.

This is a screenshot of my earnings so far. I’ll need around 2 BTC to pay this off.

My experience with the AntMiner has been great! Easy set up and over clocking along with the web panel have made this a great investment. It should take ~50 days to ROI. I was mining altcoins, but I have switched to Bitcoin for the simplicity. If you want to know anything else please comment and I will respond.

More pictures!

Antminer Update

My Antminer Dual blade is now hashing away at tompool.org. I have overclocked it to ~200 GH/s (max). This investment should be over around December if all goes well.

My Bitmain AntMiner S1 Dual Blade

Today I ordered the Bitman AntMiner from Amazon. AntMiners cost $1,000 from Bitman’s website, but I paid $1,400 for mine. The AntMiner hashes between 180-200 GH/s. According to Coinish.com, when Bitcoin hits $1,000, again, I will make ~$600 the first year profit, but I will not be mining Bitcoin this time.

I am going to mine alternative coins, depending on which is most profitable. My algorithm adjusts to the most profitable coin every 5 minutes. I should expect to make $40-$100 per day at the current market price. When I get my AntMiner I will post the setup procedure and actual hash rates before and after overclocking.

Spring Cleaning TN : Income Implementation

With a new year comes a new project. This project is based around the business model. My challenge is making a website that is 100% free to the user, but turing a profit. With every problem comes a solution and this solution will take large amounts of time to implement.

Users are divided into counties in the state of Tennessee. Which means I now have 92 groups of people buying and selling within their county. My implementation of income will be as follows:

• place an ad in the bottom left corner of each page
• each county will have ads specific to that area
• businesses will pay to advertise

The only problem is getting businesses to advertise that are further away from me. You know the deal. Advise if you feel like advising.

I’m back.

It’s been quite a while since I posted, but college has been a huge time killer. Look forward to some new posts about my website (currently in development) and maybe some reviews on Dexter, my new favorite T.V. show.

The Country of Facebook

It takes a money system, a “president”, people, and laws to establish a country. Facebook has all of these features plus a small cost of living. It costs nothing to become a member on Facebook and the coin system is implemented. A person can buy these credits with any currency, even WalMart has these cards  . Mark Zuckerberg is obviously the “president”, but Facebook is ruled by the users to an extent. People is not a problem because half the Earth’s population has an account on Facebook. Once again, it costs no money to be a member of Facebook, which is very connivent.

The only problems that occur are the ones that the virtual world fails in. Such as land, multi-accounts, social engineering, and of course hacking.

Bitcoin Mining Co-Op

The prices of Bitcoin mining hardware is expensive and I would like to take an invective to help those people that do not have the money to buy the new ACIS from Butterfly Labs. I want to offer a program that allows you to Co-Op with me while earning Bitcoin. I have 3 Jalapenos on preorder right now and I would like to upgrade to  a Little Single. I only require $200 to upgrade. My  line in place is 2985 for my first Jalapeno, so when I upgrade I will remain in that same position.

I am releasing 20 shares at $10 apiece. You can purchase as many as you want. The total cost of a Little Single is $650, so their will be 65 shares total and I will own 45 of them.   I will split the money evenly based on how many shares you have. Also you will be able to see how fast it is hashing via BAMT’s web admin. A website will be made showing you how much we made that week. I will buy the shares back at $15 after 1 month. You will get to keep your earnings.

More Information:

• Shares Total = 65
• Shares Selling = 20
• Share Price = $10
• Payments Accepted = Paypal, Bitcoin
• Contact: bruce@brucegregory.net

Thank you for reading and if you are interested please contact me at bruce@brucegregory.net.

How to Mine Bitcoins on Windows!

I am going to show you how to mine Bitcoins from start to end. I have been mining for about a year now and it was difficult to get everything set up the first time. I am assuming that you are using Windows XP/Vista/7/8.

Downloads : Please download/install all of the programs below to get started.

• ATI SDK v2.1
• Bitcoin Wallet
• GUI Miner

After you have all 3 programs :

1. Install ATI SDK v2.0
2. Install Bitcoin Wallet and generate an address
3. Register on a mining pool: here
4. Open GUI Miner and enter you workers information into the fields specified
5. Enter your Bitcoin address into the field on your pool so that the BTC that you generate will be sent to you
6. Profit!

I know this sounds easy, but you may have problems. For example, if your SDK wont install correctly, you may need to update your GPU drivers. If you have any problems please comment on here and I will help you,

The New Generation of Bitcoin Mining: ASIC.

Bitcoin mining is getting more difficult everyday. At first miners were using CPU power to process shares of Bitcoin and now their GPU. After so many people upgrade to GPUs the difficulty of the network skyrocketed which made a market for FPGAs, low power miners. FPGAs did not hit the market very hard because they were too expensive. It is time for a new generation of miners, ASICs.

Butterfly Labs are currently producing 4 diffident ACIS products:

• BitForce Jalapeno | 4.5 GH/s for only $149.
  
• BitForce ‘Little’ Single SC | 30 GH/s for only $649.
• BitForce Single ‘SC’ | 60 GH/s for only $1,299.
• BitForce Mini Rig ‘SC’ | 1,500 GH/s for only $29,899.

These products are like FPGAs, but their costs is low and hash rate is high. The only problem is the demand. They are manually assembling every little chip on these parts and thousands of orders have been placed. They keep a blog  where Jodi keeps customers updated on the status of the orders, so far none have been shipped.

I bought 3 Jalapenos and I am upgrading to one Little Single soon. If you get in early it will only take around 10 days to get your full investment back. Soon after the majority of the miners receive the ASICs, the difficulty will hit an all time high making each block take longer to mine. The block reward is soon to half, so instead of receiving 50 BTC, only 25 will be rewarded.

So what are people going to do with their old GPU powered rigs? I am going to mine Litecoin with all 3 of mine. I believe that the price of LTC will rise once people mine and sell more. Most will, if not already, sell off their rigs to buy ASICs, but I believe mining LTC will be of more value than selling the entire rig.

If you have not used Bitcoin yet, you need to give it a try. You will need a wallet, a miner, a pool, and some free coins! I will make a post explaining how to set everything up soon. Thanks for reading!

My Post-Election View

I watched most of the election last night until about 10 pm Central time. When I finally fell over into bed Romney still had a small chance of winning, or drawing. Then I woke up this morning and looked at the real-time stats I had on my MacBook from the night before. Needless to say; a lot more blue was across the screen than red.

At High School the (18 year-old) students were talking about why they didn’t vote. I haven’t heard a good reason yet. One excuse was “I didn’t vote because my parents didn’t”. That is very disappointing because if the people in this country do not participate in electing officials then this country is no longer “for the people by the people”.

I can say that I voted and I am very proud to have the honor to do so. Politics have amazed me from the first day of Government class. From the debates to the actual day of the election I was there with both eyes open. I have notes in a small binder so that I could make sure I could justify the reason that I voted for a particular person.

Honestly I am disappointed in the outcome of the election, but I respect the final decision. I am a republican, but I am not going to say that Democrats are wrong. They are not wrong just different in believe than me.

I hope both Democrats and Republicans can work together this year in a bipartisan relationship so the Government can get things done the right way. God knows we need it!