haha thats exactly how much I paid for my mining contract. For 500ghs Right on.. huge scam.. lol Obvious is obvious  |
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Just buy a hashbuster which mines 2.7Gh/s for 0.3btc. Much cheaper then this  I guess you didn't notice the thread was old.  |
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What is the user ezalex doing?
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A good news to me. FinCEN said that miners who mine virtual currency for their own use, as well as companies that purchase and sell convertible virtual currency solely as an investment aren’t subject to this law.
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is it not possible to trace DDOS attacks in some way (I have no idea)
For DDoS (first D stands for distributed), hacker controls a huge amount of zombie computers and use them to flood the victim's site/network. It is easy to trace the incoming packets, but it is not easy to get to the hacker behind the zombie computers. |
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However! You need enough GH to get over the 0.001BTC dust level or you will never see your payout!
For ordinary pools (like btcguild), you can set the share difficulty yourself (as low as 1, as high as 1024 at this moment), and you can find valid shares frequently if you set it up based on your hashrate. As you submits the shares, your balance in the pool goes up, and you can ask for a payout when you reaches the minimum payment threshold. For p2pool, you can't set the share difficulty yourself. The share difficulty is much much higher, and you will not find a share in days if you don't have much hashrate. So, you are not build up any balance at all. Also, p2pool uses the PPLNS scheme. So, if you submit a share, and if your share is in last N shares before a block is found, you will get a payment for that block. TL;DR: Instead of "enough hashrate to get over the dust level", it should be "enough hashrate to find a p2pool share within reasonable time". |
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Thanks for the heads up |
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I ran a total of about 1.2 TH from November to about a week or two ago. We ran pooled, but I wish we hadn't... Our miners found 3 blocks in that time. That was more then the expectation though, by a block.
It isn't a "bad idea" per say... depends on your risk profile and what you are trying to accomplish.
it doesn't work that way! if you ware mined solo you wouldn't mine anything. 2TH mining solo is bad idea! What are you talking about? Of course it works that way. Three of my rigs each found a block. They were mining in a pool, but miners do find blocks. Well, the situation in Nov is different from the situation now. On Nov 05 2013, difficulty adjusted itself to 511M. In a few days, difficulty will be at around 2.6B. |
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Edit: but you'll find lots of blocks mining altcoins.
You could find lots of blocks with just a GPU, if you are mining a very new (or already dead) scrypt coin lol. |
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I would rather buy bitcoin directly or have GPU rigs mining scrypt coins.
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LogicalUnit, what is your current GH/s? I'm considering a 100 GH/s unit for now and possibly the BFL 600 GH/s in the short future. April / May looks like a huge drop off in profitability for everyone - regardless of your setup - big or small, it seems difficulty is driving profitability way down.
Why BFL? and why BFL pre-orders lol? |
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DualMiners mine both coins simultaneously this way.
I heard that those DualMiners ASICs are not working good for sha256+scrypt mining at the same time. |
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They'll barely get a ROI given that the difficulty will soon rise again. Would have been better to just buy $2 million of coins from an investor.
Well, at least with the computers (GPU mining, I assume), he can switch to mine scrypt-based coins and sell it for bitcoin.  |
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BitcoinWisdom calculator can really show how un-profitable buying mining hardware can be. But there are variables that makes a huge difference on the outcome. These are variables that can't be known. IE.. actual difficulty increase 20,25,30% .. BTC Price. 10 - 10000? No idea which way the wind will blow, but a bunch are probably hoping the price will rise to break even or ahead.
Yes, someone may expect the difficulty increase to slow down to something like 15%, but still you will not be able to get profit with a lot of the hardware, especially for those on eBay. And, if the profitability comes from the expected uprising btc price, it would be better and easier to just buy bitcoin directly. |
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I think the real value will come when you can switch it to mine other coin pools.
You understand that the hashrate on cex.io (from Bitfury chips) cannot be used for scrypt-based mining, right? If so, what do you mean by "real value will come" lol, especially when there is currently 0% mining fee, and merged mining is already done on cex.io ? |
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Price is falling down again.
They sold more than 10TH/s yesterday.
It could go up for some short-term fluctuation. But as the network hashrate grows, difficulty will continue to go up, and the value of 1 GHs will keep dropping. |
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Mining with those old ASICs can still be fun, even if you will not get your investment back. |
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