Of course the only way to make money is cloud hashing and pre orders
Sarcasm? lol.  |
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lol. Post your REVIEW here for us all to see.
Yes, please. |
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Why the last one ever? If you have that big a hashrate,your earnings won't be going anywhere.
As difficulty goes up, the revenue (bitcoin mined) will go down. Eventually, the revenue will not be enough for OP to pay the rent  That was my point. With him having a large enough hashrate to pay his rent,the difficulty increment can't possibly affect his earnings in a substantial way. Maybe his hashrate is not that big, and the revenue can only marginally cover the rent this month. |
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@kendog: I mostly agree. After all calculations the Antminer was my top 1 device. But even if I would get a used one for let's say 1500 USD, it doesn't look too good.
Why buy used? New Antminers go for about $1200 (1.45 btc). Why buy new if you can get a used one for 30% or more off? Seriously, for miner, the price and delivery date is the most important. Though the lifetime of a used unit maybe shorter, it is not really that important. I bet most of those ASICs will be shut down when it is no longer profitable to be run, before they are no longer working. |
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IIRC, cgminer 3.7.2 is the last version to be worked for gpu mining, right? If that is the case, I guess ckolivas should just put the windows version 3.7.2 on the site as well.  |
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Check out bitparking. +1 We need more hash on the pool frankly but you won't find a better payout system or more merged coins. Don't let the DGM fool you. Stick it out for a few blocks and see what you actually get paid and you will be sold on it. Agree. The only problem with bitparking right now is variance of mining revenue is pretty high due to the lack of hashrate. We just need more people to join it. |
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XNF-NoFiatCoin which is a pre mined digital currency backed by gold declares that-
It wants to avoid problems associated with mining: waste of computing power, energy and the possibility of a mining pool taking control of the market by acquiring 51% of all available mining capacity.
Sorry, no offense, but I am no interest in a centralized coin at all... |
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Thanks, that worked for both my issues it seems though I swear I did this several times >.<... But I do think I'll downgrade to 11.11 because 13.9 gives me less hash/s for some weird reason Nope, nvm, still getting a hardware error  Tried my best, but I am out of idea now... |
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No idea about the exact bandwidth usage.
But, it is very low if you set your share difficulty correctly.
Thank you, Sonny! How is "share difficulty" different from "current difficulty" on the Bitcoin network? At this moment, the bitcoin difficulty is 2,193,847,870. If you find a hash below the target (=above the difficulty), you find a block. The bitcoin difficulty adjusts itself every 2016 blocks, according to the time needed to find the past 2016 blocks. Of course, it will takes a very long time (probably never ) for one individual to find a block with such a high difficulty, and that's why we join a pool. For most of the pools, it allows users to manually set their own share difficulty (or it will be set automatically based on that user's hashrate). If you find a hash above your share difficulty (as low as 1, as high as 1024 atm), you will find a valid share and submit it to the pool. Pools will then pay you for your shares with different payment schemes. https://bitcoil.co.il/pool_summary.pdfSo, if you set your share difficulty to 1, you will find tons of shares (depends on your hashrate) every second, and will need to submit a lot of data to the pool every second. If you set your share difficulty to 1024, you will probably not able to find a share in minutes (depends on your hashrate), and you will find your mining revenue fluctuating a lot. FYR: Suggestion for how to choose a pool difficulty for miners. https://bitcointalk.org/index.php?topic=274023.0 |
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Your USB Block Erupter is expected to mine at 330MH/s, and as you can see in bfgminier: ICA 0: |341.9/335.0/328.2/Mh/s
So, it is working perfectly fine. The pool you joined use DGM (Double geometric method) payment scheme. For details: http://mmpool.bitparking.com/faq and https://en.bitcoin.it/wiki/Comparison_of_mining_poolsAlso, the pool is doing merge mining with Namecoin, Ixcoin, Devcoin, I0coin and Groupcoin. All these coins will be mined at the same time along bitcoin, and you can sell them on some alt-coin exchange. |
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I am looking to invest some money into a mining rig, i am looking for something that would make me $150 ~ a day.
Either you are planning for a big investment, or this is a mission impossible. |
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1. Contacted gnash. Very helpful. I was a little surprised. Done.
2. Contacted mtgox. This wasn't their first rodeo. Had an automated process. Took a full week and two emails. Done.
3. Coinbase. Didn't bother. Also texted my phone as well.
4. Bitpay. Horrible customer service. No real process. Fuck.
4. Then I realized I could just restore from backup. Got my codes. Disabled 2FA. Re-established 2FA and took backups of my codes. Truecrypted them and put them in a USB stick in my firesafe.
Done and done.
I am surprise to see that mtgox provide better support service than bitpay lol. OP, glad to see your problem solved. |
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I learned that in a whole month I could make 0.00102704 BTC with my computer.
No, you could not. Difficulty will rise every 2016 blocks (~12-14 days) and your revenue will drop. I want to go at 1.2 GH/s to generate a good amount of bitcoins a month. But is making a mining Rig worth it? I don't plan to Buy bitcoins, I plan to mine them.
No. You wouldn't get a good amount of bitcoin with 1.2 GH/s. No. It doesn't worth it. Mine scrypt, a lot more profitable. Yup, with GPU, you should better mine scrypt coins. |
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Doing well i think so far 21 days into my mining made around 0.80 of a bin coin
I am using CG miner Version 3.7.2 and Middle coin Just easy for me as i don't know the markets as i am trying to learn in my free time.
Once more this is my rig
475 Power Supply
16 Gigs of Ram
Gigabyte 990FXA-UD7 Rev 3.0 AMD 990FX Motherboard
AMD Bulldozer FX-4 Quad Core 4130 3,80GHz
Kingston 60GB SSD
X4 Sapphire Radeon R9 290X "BF4 Edition" 4096MB GDDR5.
I am Getting 884.24K / 884.0 Khs per GPU.
I am thinking of taking these bit coin and going cloud mining are there any good cloud sites anyone would advise ?
cex.io is probably the biggest cloud mining site but also the most expensive one. You can try to start there and then continue somewhere else I agree with FalconFly that cex.io is highly overpriced, and buying hashrate there for cloud mining is not profitable at all. You may check the profit calulator on cex.io yourself https://cex.io/calc |
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[butterfly labs](http://www.butterflylabs.com/)This is probably the "Apple Inc." of bitcoin mining. They sell different equipments for running your own mining hardware and they are preparing a [hosted solution]( https://products.butterflylabs.com/homepage-new-products/1-gh-cloud-hosted-bitcoin-hashing-power.html) at $10.83 per GH/s/year. I said preparing, so this is on pre-order. Their mentioned schedule is that this will launch towards the end of this year and they will take each order on a first ordered first serve basis, so you might have to wait until you get it if you buy it right now. Also, the price might change once they lunch it publicly. So for 10GH/s you will pay $108.30. They don't say anything of any management fee as of now, so I will assume 0%. I am going to estimate the values with the current price and as if you would start mining immediately. Running those values on the same [estimator]( https://cex.io/calc) as the others you will approximately get 0.35BTC after one year. At todays price of $650BTC that's $227.50, so at least here we are able to see some profit from what would have been purchasing those BTC right now. My suggestion: Stay away from BFL, especially for pre-orders Yeah,it's nowhere as profitable as it is the time you get your order. They may "test" it out for a few months before shipping it to you. A few months? You are too optimistic lol.  FYR: https://forums.butterflylabs.com/blogs/bfl_jody/314-friday-august-30-2013-shipping-update-posted-saturday.htmlFriday, August 30, 2013 Shipping Update
Jalapenos: Feb 12-14, 2013
Little Singles: Nov. 5, 2012
Singles: July 23, 2012 pay date
MiniRigs: for June 27 (2nd 500gh/s unit) and July 28 for 1st 500 gh/s
After sending your bitcoin in June 2012 for MiniRigs, you can finally get the products in Aug 30, 2013 lol. |
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Why the last one ever? If you have that big a hashrate,your earnings won't be going anywhere.
As difficulty goes up, the revenue (bitcoin mined) will go down. Eventually, the revenue will not be enough for OP to pay the rent |
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Just a friendly reminder, it is very unlikely the site can receive the knc neptune in mid-Feb, so the actual mining profit would be way lower than that "estimated payout per share".
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[butterfly labs](http://www.butterflylabs.com/)This is probably the "Apple Inc." of bitcoin mining. They sell different equipments for running your own mining hardware and they are preparing a [hosted solution]( https://products.butterflylabs.com/homepage-new-products/1-gh-cloud-hosted-bitcoin-hashing-power.html) at $10.83 per GH/s/year. I said preparing, so this is on pre-order. Their mentioned schedule is that this will launch towards the end of this year and they will take each order on a first ordered first serve basis, so you might have to wait until you get it if you buy it right now. Also, the price might change once they lunch it publicly. So for 10GH/s you will pay $108.30. They don't say anything of any management fee as of now, so I will assume 0%. I am going to estimate the values with the current price and as if you would start mining immediately. Running those values on the same [estimator]( https://cex.io/calc) as the others you will approximately get 0.35BTC after one year. At todays price of $650BTC that's $227.50, so at least here we are able to see some profit from what would have been purchasing those BTC right now. My suggestion: Stay away from BFL, especially for pre-orders |
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OK so I like keeping track of total mined BTC every month, and just see what that is in fiat at the end of the month. This is the second month in a row (and quite possibly the last one ever) that I made enough to pay my rent with for that month.  How much hashrate do you have? |
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