Honest answer is no one can answer on hashlet till around 45 days or so see if anyone ROI or if lose money.
So far i like having hardware in house or hosted knowing I own some kind of hardware.
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Personally I go for what I have sitting around. I got lucky and had a few nice PSU's from the old GPU day's.
My only advice is not to use a total crap PSU. I had one no name i got on a steal after rebate and it burnt the company's PCIe splitter. I don't like small guage PCIe splitters after that scare.
I would say go for a deal as long as it has enough PCIe cables.
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im thinking about getting into bitcoin. What hardware is going to be the best buy and does anyone have any recommendations? something like that anything would help especially a link to buy them or something
What budget do you have? Great question also can you host at your place? If not hosting needs to be added to equation.
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Think about this.... they find a unknown electronic device... with cords... and antenna.... i can see this going bad. Chances are they will not know it's a bitcoin miner, there are alot of worse case scenario. I truly hope no one resorts to this.
I see professional hosting as a much better option, no crime. And also if your lucky hosting them at your home.
I do see grey areas like colleges and university's not liking mining and coming out with rules in future. A lot of apartment complex's have a peek electricity cost where. it's locked in (one in the past i had was 25 dollars fee). This was obviously meant for heating/cooling of apartment. I didn't mine in it as it just was not worth it at the time as I was doing lots of GPU's and had them hosted elsewhere. Also dorms i can see college kids buying throwing one under the bed or in closet in dorm room.
I hope theft is not the future or outdated gear. I like that Bitmain is doing a upgrade kit that is a great reuse of hardware, and cuts cost a little.
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Have cheap electricity and space, honestly part of that is luck right there. And having no vat. There is hosting for ones with high electricity. I like miners where I have a piece of hardware at the end long term. I don't use cloud for long term. I see it more as renting. Keep in mind VAT for some places i read about people paying a good amount on that. I would suggest if you are paying VAT have it hosted somewhere, and you can sell it at the end or ship it. Also don't put more then your willing to lose. I think i have a good long term investment, but as any investment you could be wrong. And if your like me you do it because you enjoy it. Yes profit is nice but you have to enjoy it. Find out if you like mining, or trading. Or even both. Do what makes you happy.
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Just don't worry.
Keep mining.
One difficulty adjustment isn't gonna kill anybody. In case you haven't noticed, difficulty adjustments happen on a regular basis.
What's so different about 20% this time and these??
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Those were MUCH worse, yet people are still mining.
If one difficulty adjustment ruins your ROI, you're doing something wrong.
I agree some I'm not happy with 20 but it could be worse. I am lucky to have cheap electricity and space. I'm in it for the long haul with my asics. GPU/CPU is dead for me, but asic will be alive hopefully for a while.
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The reason why butterfly labs monarch is more expensive because its rare like an antic. But anyhow don't bother buying it unless it is for museum.. I think they named it after a butterfly as you must be like a butterfly watcher... you watch from far away but getting one to display in your house is hard . The thing i found most interesting is with all their ones they showed off at conferences when they had prototype they had setting on a nice platform making it look like a PCI-e card. Now with new shield on this i don't see a single reason they spent so much time with PCI-e design.
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On the S3 don't put -o if your doing what i think on pool just have: stratum+tcp://us1.ghash.io:3333
If that dosent work have you tried another pool? (this way we can see network settings are right)
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LOL ! You should really plan your investments a "little" bit better in advance. If your electricity is cheap, then mine monero. I think this is the only coin/algo that can give you a ROI. Everything else is pretty much throwing money out of the window.
Keep in mind the card will go down in value as you are mining. At some point you have to cut your loss. Without knowing your electricity and cooling I cannot say what is best.
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People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way. With BTC mining you spend so much BTC and calculating is much easier. I do agree Scrypt mining if long term holding on certain coins can be a very good investment. Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term? Depends. If example you spend 1 bitcoin on miner and are able to get over 1 btc PROFIT back then it is better. If you spend one bitcoin on miner and lose money, yes direct would be better. Electricity price and space among other things are big factors.
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An easiest way to buy bitcoin is you must registered on website that sell bitcoin like bitcoin.co.id you can buy bitcoin there and deposit your bitcoin in other place like pbmining.com or ceo.ix hopefully you can get a lot of bitcoin in there ...
Worst advice ever. On deposit this is very true. I would look into true online wallets or best cold storage.
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Personally i like buying equipment and you can find a host if needed. Then at the end you have the piece of equipment.
Hashlet.... i think we will all see in 45 days or so if it was a amazing investment or what it will be. CEX is still to high, other is too new to give good answer.
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Your public address you can plaster everywhere to remember, people can send to it.
Your private key be very careful with look into cold storage or other options if much money is being held in the address.
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Teamviewer definitely is a great option if you have a smart phone. Can view easily on it when away.
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Localbitcoins.com for in person trades. It's strange that the sites want you to be 18 to buy some. Actually the best way to get some is to do some work and get paid in them. Might not be too realistic for you depending on where you live though.
I would guess it's done for legal reasons on most.
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Look at coinwarz it is easy to find out and put in electricity cost. It's great for current earnings.
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Solo Mining with old outdated equipment is just wasting your money, nothing else. You should join a pool or start cloud mining.
This is talking about one of the Block Erupter 333 MHz miners. It wont do much on a pool alone. It is more of a novelty at this point or good for someone wanting to try mining on a small budget. With solo chances are it will never get a block ever. It's like someone playing the lottery they know they most likely will never do... but still people keep buying tickets.
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Sadly with that amount it will take really cheap electricity to mine for profit. With removing heat, and powering GPU's it is hard now days for most to be profitable.
I sold off my GPU's and went with scrypt asic. Much more efficient on electricity and I can mine with profit.
I would cut loses and sell cards myself, unless you have very very cheap electricity.
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People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way. With BTC mining you spend so much BTC and calculating is much easier. I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
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I image almost all places have a clause for 18 and up. If your under 18 i'm sure there are ways to get bitcoin, but probley is against most TOS agreements on sites. '
Easiest way legally is get parents help.
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