Go to the following address and sign up for a account and go through the guided tour of website. If you exit out of the tour you will not get the 10 GH at end. http://www.gawminers.com/pages/zencloud-account#zencloudsignupformYou will see on page "Free hashlet bitcoin miner with every account". I am obviously not in charge of how long they keep this promo going. I can say it was working as of about 10 minutes ago. Happy Mining!
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Hi, could someone give me a rough estimate on how long one would have to mine to achieve 1 bitcoin ?
Say the scenario/setup is as follows:
- 7970 GPU (500 avg Mhash/s) - 24/7 operation - Slush's pool (or similar)
Thank you
The answer is never for GPU. You need many Th/s for that. Very true now GPU is not profitable for most. I sold all mine and bought coins then asics. 1 gpu will never make 1 btc (i think safe to say) as of now. (Small exception you happen to mine launch some asic resistant coin, and with A LOT of luck it goes up a lot)
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If the whole world got along. And we all don't need money. We can live in a star trek universe! Ok we know this won't happen anytime soon . If it did electric cars would sure go up in popularity.
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Very good documentary.. That guy really travelled a lot, to bring as much angles to it, as possible. Highly recommended, just a pity, they put a bit too much emphasis on MtGox and the dark side of BTC I think part of it was timeline when it was filmed. That event was huge at the time (still huge just not recent now).
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Interested to see if anyone is still buying new mining rigs?
I decided that i'll stick with what I have as it seems like a waste hurling more money at it now. The difficulty is still increasing so I guess someone is.
I think home miners are selling and cloud miners are buying. This is disturbing towards the de-centralized nature of bitcoin. A lot still want hardware (including me). Mining in the cloud is not the same. Not to mention there are a lot of sites that dont have trust.
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I agree. Thank you btw for doing these threads. I enjoy seeing multiple sources and difficulty. As a miner and observer it is something that has my eye. Thanks again. To go up so much in a little time shows why I enjoy bitcoin. We knew it was low but cannot predict exact time it goes up. Watching the ride to 420's from a price much lower a day ago is a fun ride. Also a nice reward for those who are holding coins. Not to mention miners, this will help out quite a few out there. Hopefully it goes up even more but who knows. I am most definitely not a bitcoin optimist but... This price rise is almost exactly mirroring last November's run-up to $1,100. It looks nice. We knew it was to low for a while, but it stuck there. Now is the fun part of seeing how high we can go. Even if it ends where it is now or goes down a little I extremely happy just to see a jump.
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Has anyone received a positive response for replacement pump from SysCooling.
My pump gave up too so C1 is sitting powered off. I am at the moment afraid to buy another C1 even if it comes with cooling kit.
Here is my take on C1 1. More easily stackable (+) (as seen in the pictures in this forum) 2. Energy Efficiency (+) but same as S3 3 Shipping cost (-) ( too high USD99) 4. Point of failures (-) ( pump, radiator clogging etc.) more than S3
I somehow still like it more than S3, don't know why.
Something else to consider is what is the power consumed by both the miner and the cooling unit combined? It would be nice for someone to review the true numbers at the wall. No employee reviews please. Also, unless you live on a concrete slab without any flooring that is susceptible to water damage, it would be advisable to put a large container under in the event of a leak. Damage to flooring and sub flooring can cost a great deal more. On the miner you get lots of tubing. I suggest giving little room between pump and miner. I can speak first hand on this. I am lucky I had enough room no coolant hit the miners. It seems when it happens the coolant in water in pump and close in tube exits through pump. Once I get a pump back I can use a kill-a-watt. I am hoping today syscooling sends a pump today, i will report in a day if i got a tracking number.
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Website now says it INCLUDES the cooling kit. Is that correct?
Yes that is correct. As dogie confirmed you need to buy coolant though. (Not very expensive if you use his link i just bought 2 more bottles of it).
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I like the prices have not heard of them. Look like renderings still, but i could be wrong on that small pictures. I'm personally scared to order from companies without a lot of trust that are using renderings.
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Casual home miners have 2 advantages over mining farms:
1. They might not care about electricity cost Some of the miners run their rig as heating devices, some of them are living in a apartment that electricity is included in the rent. Once the electricity cost is gone, they are forever profitable
another facor to think of is that by mining, you effectively can "buy" bitcoins every month by paying your electric bill. Even if your mining is slightly unprofitable (say you mine 0.25BTC in a month and pay $105 in power costs) it might be cheaper and a lot easier than buying 0.25BTC/$100 (plus fees) through an exchange. I don't know if i agree with 1. I for one watch it and if it is two high sell my gear to others with cheaper electricity i'm guessing when my profit level is to small. I know i sold a miner this week out of my collection to a Hosting Center in Washington, about as cheap of electricity there as US has. Also I pulled the plug on 8500 watts worth of GPU's when profit became very small quite a while ago. I sold them bought coins and eventually more asics.
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I agree. Thank you btw for doing these threads. I enjoy seeing multiple sources and difficulty. As a miner and observer it is something that has my eye. Thanks again. To go up so much in a little time shows why I enjoy bitcoin. We knew it was low but cannot predict exact time it goes up. Watching the ride to 420's from a price much lower a day ago is a fun ride. Also a nice reward for those who are holding coins. Not to mention miners, this will help out quite a few out there. Hopefully it goes up even more but who knows.
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Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?
Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining. Not the case; I'm turning a profit at $0.11 USD per kWh. Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying. That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels. No, with public miners, I can. I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these? home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.
invest/mine only what you can afford to lose.
Just because you invest in something doesn't mean you want to lose it, even if you can. I also would like to see it at 11 cents making profit. I pulled mine long ago with 10 cents. Can you show profit being higher mining then just selling cards and buying? I sold my GPU's long ago. I could have mined for a little longer and never made what I sold them for. I think some gamers got a good deal when I sold all mine.
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If you have teamviewer I'm willing to help. Need to know what miners and IP they are using though. Being remote you would have to tell some more information.
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I believe that is the codename for the chip of the GPU. If you use it you will be mining with gpu.
Have you tried it?
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Deleted some messages at syscooling. Have talked to them on Skype and through email now. They said they are making it right and sending 2nd pump. With 2 pumps I will be back up and running. I will update everyone I should have a tracking number today in China or Tomorrow in US depending on where you live . So all is looking good right now. *update they said tomorrow it will ship
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C1 Batch2 opens sale now, Cooling Kits are included Does it come with the coolant as well? If not you might want to correct the page since it says it's included. Is the cooling kit still manufactured by syscooling or is it a different manufacturer? Yes, this really needs to be clarified. I think it is a comment about coolant not that it is included "* Coolant: If you choose an aluminum radiator, you can use deionized water with an additive, or specialist coolant. If you buy a copper radiator, you must only use specialist coolant." Basically saying don't use just regular water. Use coolant.
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7 being high point and going down is at least better then we started at. Hope it goes down more, but who knows at this point.
i know .... based on this forums, i still see it going up. Hardware being bought by retards left and right, dont you see? Good luck with your cheap watercooling parts btw I enjoy it. I don't deny it. Your attempt at trolling me about my watercooling parts wont work . I have ordered parts to get by incase RMA does not come. I have been here a long time. I remember during GPU days with 8500 watts of them RMA was a common thing, i'm not new to it. Its not the first or last thing i will RMA. Yes I see sales here. Part of this site is built around sales. I do split it into two groups though. Hobby miners and professional miners. I myself am a hobby miner. Even with cheap electricity and lots of power, I won't be building a few hundred thousand dollar center. I have lots of room for new miners, I'm sure I will buy more again Its a hobby I enjoy. Cheap electricity and lots of electricity and space allows me to do it. I would argue a lot of the difficulty rise you cannot see as the professional centers really have no reason to announce it unless they are like KNC and seek publicity. If you have never heard their PR firm speak at a conference you really should, I'm willing to bet they fired the firm by now but he was funny to listen to. The sales you see on the forum are in no way the one controlling factor in difficulty increase. And almost a funny troll on water cooling next time just add more substance to it. I have already ordered higher quality parts while i wait on replacements. For example on more substance: Notlist3d's C1 is the prefect noise suppression miner so quiet you cant hear it. Notlist3d's miner went so green it no longer uses electricity. And I'm sure you can top those if you try . Also what is your electricity price? I have a theory that people who act like you 3/4 of time have higher priced electricity.
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Hi everyone, Some time ago I bought 100 BTC (+70.000$), most of them I lose through hackers, mtgox, investing in HYIP, getting scammed by cloudbet... Now I have a bit less than 10 btc left (sadly worth nothing in compare to my initial investment). I'm used to keep them at exchanges like kraken and justcoin (which closed recently), then I discovered bitfinex and now I'm offering swaps there, hoping to maybe get back an extra bitcoin within a year. But I'm wondering how safe it is to keep my bitcoins there and offer swaps? I can make some profit there (and technically it should work as long as the owners don't run away or something went wrong on the website) but I'm also a bit affraid of losing everything. It also has some advantages, sometimes I really want to make some bets and recently I did it a lot bringing me from less than 3 to over 9 BTC. But that's mostly because of luck and maybe that could precent me losing my bitcoins that way because I never have access to my bitcoins immediately unless I change the autorenew settings in the website and wait for a few weeks. So what would be the best way to store my bitcoins? Going for the profit and let the bitcoins earn intrest on bitfinex or what do you think? My mail is safe now through 2FA if that would matter. If I deposit around 10 btc there I could earn around 2 mBTC every day by just offering swaps.
So much fail in terms of storing bitcoins He mentions mtgox I would guess he had quite a bit in there with a investment like that. Luckily I was not using that site at the time. A lot of people lost a lot of coins there. I did get sent a paper about the lawsuit in a foreign language though with having Mt. Gox. Still not sure why i got it, I did not use it many times. It's been a while back.
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7 being high point and going down is at least better then we started at. Hope it goes down more, but who knows at this point.
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Seems you have had some bad luck.
Make sure to use multi-factor sites. Treat your private key like gold. Get it once on USB and Paper i suggest and put in safety deposit box or some very strong physical safe.
With earning more BTC comes risk only you can decide what is worth it for your personal investments. I would say never invest more then you are willing to lose, that is my saying no matter what is invested in.
Precisely. Cloud mining, Gambling and all other means of investments are more likely to give negative returns. Keep it safe on a paper wallet (bitaddress.org is good) and keep that paper safe. Don't gamble/waste any more on the hopes of something great. ok, i'll use that so just print out bitcoin address and private key? and send all btc to that address? and how do i use them in the future then? + how do i know that website doesnt know the private key and can steal them too? The average daily return rate for offering liquidity on bitfinex is 0.0222% (from https://www.bitfinex.com/pages/stats), and so you can expect to get about 8.4% return a year. IMO, that return isn't worth the risk, and I would rather store my bitcoin on my own wallet. investing dollars there is worth the risk with 25% a year? Ok a few tips. 1. Scan computer for with anti-malaware and anti-virus software. 2. Do not store it in the "cloud". It sounds nice but its a horrible idea. 3. Put paper wallet copy or private key on a thumb drive. Buy a new one for it, only use it to store the key. Check it to make sure it is there, now don't use it till needed. 4. On printer the best if your paranoid is a "dumb" printer. One without scanning, network, etc. Chances are your printer is newer though. Only print it at your private residence, do no print in public or at work. 5. Truly put those in a safe place safety deposit box, good safe, etc. You can keep your public key pretty much anywhere and look at blockchain if you want to see your money setting there, without using your wallet to see balance.
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