@nickgaff I haven't so much money, which is the cheapest way to be miner ?  Ramchik let me ask you this? Why do you want to be a miner? Do you want to learn how to mine? Do you like playing with computer hardware? Do you want to make money as in turn a profit? |
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okay I recommend a multi prong attack. 40k for 60th is a monster amazing stone cold bargain . Buy the gear sell half and host the other half. You could sell 30th for 30 to 35 k no worries. this means you have 30th for under 10k. just mine the 30th. and pay the 290 x 5 = 1500 a month to host. you roi in under 30days. hold those mined coins for 1 year and then decide if you want to sell them. [/quote] But if you could sell 30th for 30-35k, why not just resell 60th for 60-70k and use the 20 to 30K profit to just buy Bitcoins. This would not take more than 1 total day of your time and you could move onto the next venture instead of having to babysit 60TH for 9 months |
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Also depends on where you live. Some people here would still like to stick Yifu's head on a stick for claiming the chips are stuck in customs  If you buy an S1 and you live in some place in Europe and it gets held up in customs for a week then you're looking at 10 prime days of mining time less than somebody who lives 300 miles away from Bitmain in China. The majority of the income comes in the first 3 difficulties, and if you miss 5-10 days due to transit time you're screwed. Look at everybody talking about the S3 1 week delay. |
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I shut my Avalon G1 down in March of this year. I reckon I've got a few more months of S1 mining left, and we'll see how long the S2's can run for.
You either upgrade incrementally or shut down for good. Personally, I'm slowly working towards the latter. I've been mining since Jan 2012 and saved 80% of the coins I ever mined. My efforts now aren't going to get me any further ahead in a relative sense and that's okay.
I'm doing the same. My first gen gear has long been dormant. But I still have a house full of 1GHs/1w miners that will probably get shut down by the end of summer. Depending on where you live they may be able to be used as heaters and you could turn down your furnace a little bit Yes for the southern hemisphere that has cheap electricity and expensive gas heating with miners is an option. That's probably the only place you'll find Avalons, BFL Singles, and AM Blades running. Even if you have free power the space the miners occupy is propably not free... somebody has to pay for a lease or property taxes. |
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If you people would have listened to what I have been saying for the last year and not bought all those damn ASICs, this 51% thing probably wouldn't be a risk now. YOUR greed put BTC in this situation! My greed is just me trying to capitalize on a potental catastrophe.  You do know that last year somebody could have had 51% of the network with just $30 million of GPU farm? The rush to ASIC was to expand the power-base so that the potential attack from entities such as governments would not occur. GHash.io's own farm is not close enough to 51%, but the idiotic public miners are pushing it there. That happened even with GPUs - it was called Deepbit. Right now a GH is about $1, so $30 million could buy 30PH/s which wold only be 1/5th of the hashrate. So from a monetary perspective it is harder to do a 51% attack I believe. But you can't fix stupid  |
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You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .
Be careful when doing that unless the pool OP has really established himself/herself. 25 BTC is a lot of incentive for somebody to just walk away with something you earned for them. |
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Good God it's 2013 repeating itself over and over again. This is sickening to watch. How has this company not been shut down yet?
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Wait until 2016. It will turn around when the 1/2 comes. Hopefully by then a lot of the big players will be marginalized. Of course 2016 is the equivalent of a century away in BTC terms |
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Hello!
IMO every newbie to mining should start mining altcoins and study how it works and then mine BTC or any profitable coins but remember, more profit the coin is, more difficult to mine it
Kindly,
Muhammed Zakhir
When you refer to newbie, are you talking about yourself? When multicoin pools switch coins they pick the one that has a lower difficulty relative to it's price. I think you're a little confused |
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Seems like everyone is recommending to just buy Bitcoin outright. So does this mean that mining will truly become centralized eventually and only done by companies with very deep pockets? If so, Satoshi cannot be happy with this outcome wherever he or she is  There's no reason that every home user cannot run a small device (say the equivalent of 500GH/s currently). If 1 million people ran this in their homes no company short of a government backed takeover (I consider the banksters part of government since they are in bed with them) would be able to centralize the network. You don't need to go crazy and have a 25TH farm at home. We just need to get rid of vendors like BFL who promise a device in November of 2013 and by the end of June 2014 still don't have a working prototype. A little prudence would go a long way. |
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There should be a 51% attack. That would cause Bitcoin prices to temporarily plummet, so I can buy in cheap, then when the price recovers I can profit out and gain lots of money! Greed trumps rationale?  If a concerted 51% attack occurs BTC would most likely not recover. There are other coins that have more resistance to this type of attack. BTC had adoption working for it, once the safety of decentralization is gone trust would be needed - only fools would trust a crypto backed by some company that mines. Would you lend BFL, KNC, Cointerra, Hashfast or AMT your entire crypto? |
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It donīt make any difference. In some pools you have a the option that you get notified if one worker is idle for some time. So you know (via e-mail) which antminer has a failure when you use different workers.
Pretty much this. You could run 50 PH/s on the same worker if the pool supported the difficulty. The only reason people make multiple miners is that it is easier to track down if one unit is acting up or fails completely. |
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There has barely been any adjustments above 20% the last few months. This one (if it even is 25%, we won't know for another week) is clearly an anomaly and will be smoothed out with time.
Unlikely. Very unlikely. How so? I find it more unlikely that a clear downward trend in difficulty growth that has lasted since fall last year would suddenly do a 180. I have the numbers on my side, I haven't seen any opposing evidence. Difficulty History Date Difficulty Change Hash Rate Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s Mar 24 2014 5,006,860,589 17.80% 35,840,504 GH/s Mar 13 2014 4,250,217,920 11.39% 30,424,245 GH/s Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s That seems to prove my point, what side are you arguing for? Grix, look at the next estimated difficulty increase. Neither Slush, BTCGuild, nor Bitminter had good luck in the last 48%, so we're looking at a 25-30% increase. I don't know about after that, but this next one will be big! |
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Buying the coin requires about 10 clicks of a mouse and a few keyboard keystrokes.
Mining would require setting them up, testing, configuring, monitoring for failures and tracking income. All this wasted energy could be spent working to earn more coins.
I vote for buying, unless you want to solo mine your own clean coins.
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June 24th, CEX.IO and GHash.IO will be down for scheduled maintenance from 4 a.m. to 5 a.m., GMT. We apologize for temporary inconvenience.
Fuck you and your fiverr graphics Die Bitpop, calm down and save your breath. Ghash doesn't read this and apparently their users can't be bothered to read since they are apathetic to the current situation. One FU per day is good enough. Why don't you just ignore members as such? Because sometimes I like hearing it. Bitpop has been on here for a long time and his posts weren't always "STFU". |
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If I plan on running multiple RockMiners would it be a better idea to hook them all up to a single PSU? If so, how should I go about doing this?
The biggest commercially available PSU is 1600W or so, so you would only be able to support 3. It would make more sense to buy the more economical 1200W ones and put 2 on there. |
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Because they take my money earned through my work with the promise of helping others and the community and then they spend it on themselves and idiotic things that have little to no functional purpose. Let me use 1/2 my money on my community - I'll make sure the job gets done right.
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Is there paying work? Is there lack of work force?
As long as answer to those is no, there is no welfare problems.
That's the lazy way out. If every American waited for somebody to give them a job then we would have no Henry Ford. If there's no job, you make one. You hustle. You work your ass off. You offer to mow lawns, wash cars, etc. Don't sit on your ass watching Oprah and Dr. Oz. If you have trouble making ends meet take the public assistance, but don't sit on your ass wondering why somebody from McDonald's hasn't run to your front door with a uniform begging you to work. The people spoiled on welfare don't know poverty. In 1932 how many people walked door to door asking if work was available. I doubt more than 5% of the welfare generationals even try this. |
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Glasnost & Perestroika Was Putin some sort of boxer previously since he obviously has some mental deficiencies. Where exactly does he plan on going with this? It's one thing to want to keep the country secure but to start a whole new industry to spite those Yankee CPUs Russia was the home of some of the world's great inventors...was. The last great thing they put out was BTCe  |
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And you thought Bill Clinton was the Teflon king. People may have cared in Nixon's time, but not anymore. As noted above more than 1/2 of America couldn't tell you who the VP is or even recognize his picture but they could sing all of Beyonce's songs - that's probably why the POTUS happens to love Beyonce & Jay Z. Bush was horrid in that he let the backdoors of Rove/Cheney run his poodle show. Obama takes it to a new level by bring classic Chicago deep dish gangsta to the executive branch. You knew this was coming even before Obama was signed in....Blagojevich! Why bother having multiple servers in dif locations with complex RAID with multiple redundancies - we're pretty much given the line "my dog ate my homework". And before I get called a partisan shill - if Janet Reno was AG she would be slamming bodies right now. Go back to youtube people and enjoy Beyonce.... nothing to see here people  |
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