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Title: Selling up Post by: goastler on October 17, 2013, 04:09:08 PM Basically, should I sell up? I've got a blade and a block erupter both mining a range of cryptocurrencies (Mainly PPC, BTC and XJO), but the look of this http://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-batch/ and this http://www.butterflylabs.com/monarch/ don't fill me with confidence for the future. I know butterfly labs isn't known for shipping their items promptly, but even so, when 1TH/s machine like those come around my blade is going to pull in next to nothing and my erupter is as good as scrap metal by my reckoning. What do you guys think? And if I should sell up, when?
Title: Re: Selling up Post by: marcovaldo on October 17, 2013, 04:13:23 PM You can do whatever you want. Why would anyone tell you what to do?
And why should you trust it better than yourself? Title: Re: Selling up Post by: greyhawk on October 17, 2013, 04:14:38 PM First things first you should clean the kitchen. It's a mess. Also remember to take the dog for a walk and to water the plants.
Title: Re: Selling up Post by: tinus42 on October 17, 2013, 04:21:41 PM I'll keep on mining until I get no more coins out of my Block Erupter. Have 3 more on the way. If you just see it as a hobby there's no reason to quit.
Title: Re: Selling up Post by: goastler on October 17, 2013, 04:33:03 PM I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK
Title: Re: Selling up Post by: Birdy on October 17, 2013, 04:44:36 PM I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK Okey, my opinion: Mining is not profitable anymore, unless you are a company producing the mining equipment. Title: Re: Selling up Post by: goastler on October 17, 2013, 06:59:29 PM Okay thanks, that's given me stuff to think about :) I was thinking of setting up my own pool to try and generate some profit.... It'd be far easier than becoming a hardware manufacturer :L
Title: Re: Selling up Post by: Remember remember the 5th of November on October 17, 2013, 07:13:04 PM May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.
Title: Re: Selling up Post by: Johnny Bitcoinseed on October 17, 2013, 07:13:16 PM As with the gold rushes of the 1800's, 99 times out of a 100 it was the suppliers to the miners and not the miners who made their fortunes. A few of the first miners to get there may have done well, but few afterwards. Nothing much changed, just the venue.
Title: Re: Selling up Post by: tinus42 on October 17, 2013, 07:36:43 PM May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was. Did you really mine solo with Block Erupters? Can you give any details? :o Title: Re: Selling up Post by: goastler on October 17, 2013, 09:08:47 PM That's a brilliant idea, I've got them hooked up to a RPi so the energy usage will be minuscule. Did you really manage to find a bitcoin block on solo? Wow, I'm pretty impressed :) How do you solo mine?
Title: Re: Selling up Post by: fattypig on October 18, 2013, 01:14:48 PM May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was. That's worse then lottery... |