Bitcoin Forum

What advice can anyone give me as to how to make more money. My best calculation was 1 dollar a day. To make 1 dollar a day on a what? 1500 dollar investment isn't satisfying what so ever.

Sadly your electricity is high.   You might look into hosting.  You might make better profit selling the S3's then buying straight BTC.  This is becuse of batch price and now shipping.

Also you might look into a different pool the luck on btcguid was low last time i checked.   I love the pool, but it's profitability was going down.

Which pool do you use or recommend

go for this pool


mmpool.org

https://bitcointalk.org/index.php?topic=559011.0


you are in a high power post area you should not mine at all.  but the pool above would work if you pull some fast blocks.

Your power prices are your downfall right now.

Right now, you can expect around BTC0.015 per TH/s (10/10/2014).

I no longer mine at BTC Guild because their TH/s to Miners ratio isn't right for me.

I also didn't like the lengthy PPLNS clip to load and since my internet can be shotty, I lose the clip entirely and you lose a lot that way.

Maybe try out Discus Fish (F2Pool), there's a reason why they are #1 right now... and I predicted this a long time ago too.

PPS is making a come back since blocks are taking too long in proportion to time to obtain.

However, PPS is as "Jobish" as Bitcoin Mining can get, gambling factor is removed for a "pay rate" instead.

That's why you get in hardware mining, so you have control over your op, go try things out whilst the price is low; don't test when price is high!

One thing to do is use a site to do ROI.  You will see sites like coinwarz etc.  You can enter watts used and price.

You can do a little better with a different pool like mentioned, but sadly your electricity will bring you at a loss.  For that price you could host in a data center (and possibly higher then some data centers)

If btc goes up yes you might do a little better.   But for short term i would look into selling S3's and buying btc.  I hate saying that as i love mining, but i think its your best bet.

what did you say was possibly higher then some data centers?

Are there any trust worthy data centers?

Becuse your electricity is .26 kwh.  Using this with current low BTC price is not good.  Also you have to consider if you are using anything to help disperse heat that is extra electricity (fans, etc).

Yes there are trustworthy ones out there.  Somewhere there is a thread on forum with hosting sites listed. Hopefully someone will post that for you.

Well ok so i failed. At least i tried.

what profit switching multi pools are there for btc ?

you can do nicehash or westhash   you are renting your hashrate out right now they are paying about

0.0155  per th on westhash and the same on nicehash.  no luck involved payout is consistent and based on what renters of the gear pay.


https://www.westhash.com/?p=allorders


https://www.nicehash.com/?p=allorders




normal luck you would get about

0.01438 per th

see  here

https://bitcoinwisdom.com/bitcoin/difficulty

bottomline is at 26 cents a kwatt you lose money.

mmpool.org

  will overpay with luck as in anytime a block is under 40% you would profit with your high power rates.

here is one of my s-3's  .

 I am getting .0151  a th from nicehash which is more then the .01438 norm for 1 th.
I backed up to westhash a lot lower then I backed up to a solo pool. 

If you get .0151 for 5 s-3's it is better then you are doing now.

http://imagizer.imageshack.us/v2/1280x1024q90/661/WGoSDO.png

you have to have free electricity to mine some profit from them.

 that is why you are unrealistic.


he needs to make a little more each day for now and hope for a btc fiat price jump.


There is  much better chance for that to happen. then there  is to find 1850 free watts of power.