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The best is the one nobody knows is on sale until it's all sold out (cuz you bought them all).
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Wow, so at 15b, a Neptune will barley be making 3 BTC per/mo... Hopefully that's worst case...  I would actually consider Neptune shipping in May a best case scenario. Given all the uncertainties regarding 20nm production, I wouldnt be surprised if it shipped closer to July. Didn't you hear, BFL will be blowing out Monarchs left and right come March 2015 |
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I'm surprised so many people are willing to spend so much on mining equipment. It is a real risk but I guess people have more money than they know what to do with. Or they have "free" electricity?
Because the latecomers see the people who mined back in 2011/2012 with 10s and 100s of BTC so they think if they mine they will become similarly wealthy. It doesn't work like that or everybody would be buying Google, Apple and MSFT stock now. Until mining equipment becomes reliable WRT delivery times and profit margin it's just better to buy the coin outright. I think mining and investing is the right direction... You can invest in BTC and use some of the profits to mine... Admittedly the volatility of BTC offers the chance to make handsome profits... And loses. Plus mining is also great fun! Yes mixing is good. Mining can be fun, but it can also drive you nuts. I got noticed just now one of my rigs is offline (offsite). Now I have to drive there just to reset the stupid thing and figures since I was there the whole day today and it behaved. |
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Can we assume you're mining with it?
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I envy you guys living in cold locations. Multi-card bitcoin mining was possible for me but Litecoin is just too much heat to put more than 2 7950 or 7970s next to each other. Guess it doesn't help that it's the middle of winter here in Southern California and it was 81F today - bittersweet weather.
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I read these anti cex.io threads and can't help but to think they are started by owners of other pools.
Or perhaps maybe we're protecting out thousands of BTC by not concentrating all the mining power into a single pool  Chasing pennies while dropping dollars... |
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Except for local B&M stores you're probably out of luck. The scypters (pun intended) buy up the cards as soon as they're available.
Try buying them on the forums. They be used, but if you use an escrow you should be OK trading with established traders.
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I don't get you guys. You want to spend thousands to get 200-300 Gh/s KNOWING that you willl only get ~0.03 a day when difficulty goes high in march or whatever.
Why not just build a multi-gpu setup for less than 2k, mine scrypt coins, sell for bitcoins? Easily earn more than than you would spend mining bitcoins with FPGA. It isn't DEAD for the little guy, it's just INEFFICIENT.
Because the second you drop $10k into a bunch of GPUs and rigs all the scrypt coins will tank in price and the exchange rate will be pathetic.... or is that just me  |
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I'm surprised so many people are willing to spend so much on mining equipment. It is a real risk but I guess people have more money than they know what to do with. Or they have "free" electricity?
Because the latecomers see the people who mined back in 2011/2012 with 10s and 100s of BTC so they think if they mine they will become similarly wealthy. It doesn't work like that or everybody would be buying Google, Apple and MSFT stock now. Until mining equipment becomes reliable WRT delivery times and profit margin it's just better to buy the coin outright. |
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LOL at the OP for thinking he "found" martingale.
I didn't say I "found" martingale. I just said I use it.  Are you dense? What do you think the Martingale system is? You simply applied it to Bitcoin betting |
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3 of the Singles are now being powered by ATX PSUs because the BFL supplied PSUs have died. One died 3 days ago - that too caught on fire but extinguished very quickly.
You actually dared running your singles from them? I don't even dare storing them unplugged in the house, I felt like I was getting cancer from just unboxing them. Yeah I'm running them in my wife's office and it's fully insured... but then again insurance doesn't cover neglience and I think everything in the design of these singles in pure negligence. I've had a couple video cards that ran into the 120C range because the VRMs failed. Mining is not without risk. I just made sure to leave the miners away from combustible material on a ceramic floor. For a while I was going to give BFL props for having the best looking miners that were the easiest to use - that was for the 6 days before my 1st Single blew white smoke. I still think if you get a cool running unit they make the easiest to setup hardware, but I will never sleep easy until all my singles are dead or sold off. |
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Personal anecdote. Just found out about 1x to 16x risers and found out they were all sold out on most sites. So I went to ebay to find ridiculous prices and like a month shipping from China. I almost got caught up and bought one. Glad I didn't, just looked at my motherboard to find my 7850 completely covers the 1x slot.
I guess moral of the story; dont jump on bandwagons, and know your hardware.
You can still run a riser out from underneath the 1st card. It won't allow for as much separation but it still works. |
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If you want to be a part of mining use your GPU for one of the alt coins - then you'll understand how BTC was in its start. There's no real need to mine unless you want to protect the network, and in that case be a share holder in a group buy isn't helping.
I would suggest just buying the BTC directly for now. Either use an exchange or escrow service. I don't think anybody selling BTC will accept Paypal since it's reversible. Never send BTC unless you use escrow.
If you only have 100lb to spend then mine an alt using a nice GPU and convert to BTC.
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DrG is hit for 1337 points of chaos damage from tanil's resurrection
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Where Shall we find it ?
Behind the cobwebs in your mind. You necroed a 2.5 year old thread? How do people even find these threads? |
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You're fine running 800 watts for 2 7950s and your setup as long as you're not running in a very hot environment (90+ F). I was able to run 2 7950s when BTC mining in an undervolted state on a I5-2500k with an Antec Earthwatts 500  |
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Kinda surprised this happened, especially since they had 2FA earlier than most.
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humidity is bad juju for most PCBs
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Unless you mine on 100+ CPUs you'll never earn enough in your lifetime to be able to withdraw from slush.
Mine with a coin that is designed for CPU mining. Even LTC is escaping the realm of CPU mining for people with free electricity.
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This newbie zone was created to keep people from making spam accounts. Spend 4 hours browsing the forums and make some constructive posts. If you have good posts you can ask to be whitelisted ahead of these requirements.
Welcome to crypto.
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