[ANN] SocalsFarm (Mining Asset) 50% Investor Insurance



  • couldn't wait grabbed (2) 4 Tb drives just now... now i need to get that Linux box set up for Burst, my project for tomorrow! lol



  • The build I am making can easily handle the requirements for GPU mining the case itself has 8 built in fans and I am getting a 1000w PSU



  • Hmmmmmm I'm thinking I could switch out the CPU/MoBo for a Dual slot mobo with Xenon E5-2670s for the same price. This would give us 16 cores to also mine Verium which is a CPU only cryptocurrency from the Vericoin devs, it's still GPU and ASIC proof so raw CPU power is the only way to mine it. VRM is currently worth about $0.80/per



  • Actually since this will be the "C&C" box I will keep the new parts because going the Dual Xenon route requires getting refurbished parts and I'd rather not have 75% of the assets capacity dependant upon sub standard parts.

    I might do it with following expansions since I'll be able to keep at least 140TB up if the refurbished parts fail (which is how much we will have by the time I build another box)



  • Ahhhh damnit! The money just became available and they restricted the number of drives I can get I now have to get more of the more expensive drives



  • Ok everyone I have everything ready to be ordered I'm going with the new parts and I dropped the SATA controller card and 2 extra drives (was going to get 8 but now just 6) and I'm going to wait for more of the cheaper drives to become available and then I will order the other 2 HDDs and SATA Controller

    If nobody objects by around 10am (8ish hours) I will put in the order for the parts.



  • Ok all parts have been ordered. Now to wait for them to get here.



  • I dunno about you guys but I am excited. The Asset is getting a 300% capacity increase, plus the ability to parallel mine other coins along with Burst



  • With recent events we have pretty much learned that if Burst continues to grow the burst mining assets are much better off. Your asset is perfect example as your value rose eminsly​ over the last couple weeks and now we get all these goodies. If the asset cpu can mine other coin at same time in order to spice up dividends that great but I'd hate to see the asset start investing in GPU mining. Because I am long on burst and think that the burstcoin mining assets will be much more valuable in the future.plus when burst rise and the GPU mining assets start to fall by near 100% like we just seen this asset should hold up and become more valuable. Their Should be two other burst mining assets to use as examples here however they are extremely poorly managed and we're unable to hold up during the sell off. Imo because of management doing things like under cutting all sell orders to issue new assets as quickly as possible. I believe if these managers hadn't of done that during the great sell off their share prices would've held up.



  • @Dillion do not worry GPU mining is not a primary or even secondary concern. Basically if the PCIe slots are open and if the money is there then why not drop in a few decent cards but that will be after all HDD bays are filled etc.

    Also to optimize the rig to parallel CPU mine (believe it or not there's a fairly profitable CPU only coin) all I would have to change is the CPU/MoBo which would have zero impact on Burst mining since I'd be trading in the Ryzen 7 for dual Xenon E5-2670s



  • The reason I didn't do that with this build is because the other CPU/MoBo combo is refurbished and I'd rather that the majority of the assets current capacity be relying on new parts instead of used parts but the next box I build will probably be the dual Xenon setup



  • Hey all, here is a link for a pic of the incomplete miner. http://m.imgur.com/HFouQpt

    I am short a few SATA cables so only 4 HDDs will be hooked up right now with the others coming online in a few days when I get the other SATA cables. I'll update again once the build is finished and I crank this bad boy on



  • IT LIVES!!!!

    http://m.imgur.com/2twiFGg,nflWo2O,1npPTJQ,19YEaUN

    Now to install an OS and start this bad boy plotting



  • This post is deleted!


  • Ok all OS is installed and I am now plotting the first drive. I can feel the power lol I'm already plotting twice as fast as my poor laptop.



  • Hey everyone just another update, I now have the miner built and operational, I have started the process of plotting 48TB so please give me some time to get it 100% up and running.



  • Good job with the frequent updates. That's exactly the way to do things man, great work.



  • @crowetic thank you, I told you from day one that I meant well, just glad to know I'm proving it



  • Hey all just paid this week's dividend, while it seemed slightly light don't worry, we have over 1100 Burst queued to be paid from the pool, it was just getting late and I didn't want any investors to have to wait longer for no good reason so obviously when that 1100 from mining gets paid to the asset account it will be added to next week's dividend



  • Another rig update:

    We are plotting at an average rate of 8TB every 39 hours.


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