[ANN] SocalsFarm (Mining Asset) 50% Investor Insurance
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@socal I agree with Rich. No point buying fancy hdds while cheaper ones do the same job. Just keep them cool and avoid seagate and everything should be fine.
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@socal Are SMR Drives actually cheaper than a conventional Drive, what drives / TB / costs are you considering?
Rich
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@RichBC well since last time I bought drives the 5TB Seagate SMR drives were $120 or $24/TB
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@socal Price sounds quite good to me, but I am in the UK so difficult to compare. My farm is mostly Toshiba Canvio 5TB USB, which when I last bought several Months ago were the best TB / £ in the UK.
Rich
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@RichBC yeah different price markets and I'm trying to go internal drives now not external drives so looking at some 8TB internal HDDs at $285
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I'll actually be paying a higher cost per TB but these are the largest HDDs available currently so we are getting the highest available storage density
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@socal I think going internal is fine, you should still look for the lowest $ /TB but remember to include in your thinking the interface and any other costs.
So also look forward to how many more TB / Drives you will be adding over the coming Months as it may mean that a slight extra cost but less Drives is more cost effective?
Rich
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@RichBC more or less yes now a large expense is going to be the C&C computer itself since it will need a high-end CPU and GPU to mine such massive amounts of capacity in a timely enough manner to make mining possible. So as of current calculations I can get the new C&C computer and another 48TB of mining capacity with internal space for another 72TB of capacity as more funds are released
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This means the asset will have a brand new dedicated C&C computer and 68TB of mining capacity.
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@socal I am no expert but I think the key to a good read speed for the plots is jminer and a GPU, then you need to think about the interfaces for the number of SATA Drives you plan to have. Once you have that the power of the CPU and amount of memory is far less important.
Rich
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@RichBC I will have 6 8TB SATA drives, a GTX 1070 GPU and a Intel i7-7700K CPU. In the future I will put in another 9 8TB SATA HDDs and associated PCIe SATA controller(s) for the extra SATA drives. This is a total of 120TB internal mining capacity.
This will be in addition to the 20TB of External drives currently mining.
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@socal Spec sounds good, but I wonder if you might be better to stick with AMD for the GPU? I would see what others say before committing?
Rich
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@RichBC here's a link to screen shots of the proposed rig components m.imgur.com/a/Jnj4G
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I also just want to say that now would be the time to buy up the shares being sold below market price (20Burst, which is the IPO price) this will be a large performance increase for the asset and the quicker the bargain shares are bought and the remainder of the current block of shares sold the faster the other 9 bays in the Miner can be filled with HDDs
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@socal Easy to say^^ I'm sure we will feel the boost but even though the price in burst is lower, in usd it's higher then ever^^ I'm glad I kept buying @10 with my spare funds but after recent pump I have almost nothing left^^
Will grab some more after haitch's and mathew's divs^^
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Dividends were paid out yesterday.
To anyone wondering if this asset will be lowering payouts due to BTC and Burst price increases the answer is NO!!! Since this is a mining asset that earns Burst directly payouts are unaffected by price rises.
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Hey all so just brainstorming here but how would everyone feel about this becoming a multi mining asset that pays in Burst?
Here's what I'm thinking: since the Burst and BTC prices right now can support massive asset growth there's an opportunity to diversify mining to maximize profitability. Since mining on HDDs can be done in parallel with GPU mining it'd be a simple matter of putting high end GPUs into the Burst mining computers.
The earnings from the GPUs would be traded for Burst which would then be added to the dividend payment every week.
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@socal As I said many times I don't rly like gpu mining as it generates lots of heat, noise and breaks quite easily. It is also extremly power hungry(don't know how would you calculate profits).
On the other hand I can't say no to this as it's realy profitable if done correctly. Your PC is on all the time anyways so why not. It might boost divs a bit if you have low enough electricity fees.
So if You know what you are doing - sure, otherwise You will be better off buying some assets that does it.
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@Hyzi0 so its not necessary to get a gaming PC to mine faster? heck i was looking at one and adding a card or two to it...
maybe just stick to more hard drives.
@socal can you mine say ETH and Burst you think that way?
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Yes I could, I could mine any coin that is GPU mineable or I could just park the GPUs on Nicehash. Either way there's plenty of options.

