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indeed it is sad to see more and more pool close down, especially trademybit. One of the multipool that give the least problem.
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Any news of wafflepool? It has been down for like 3 weeks already. Is it gone forever?
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Total time logged in: 4 days, 6 minutes.
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no divedend for a long time what is the matter Yeap! dividens are not working Its officially dead I think, hope dev do something about it. |
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Many are speculating that the hashrate will drop because mining is no longer profitable and they will shut down their rigs. While this is true one needs to remember that unless the mining equipments gets DESTROYED or put in STORAGE most likely it will be shipped to another party who will turn the equipment back on.
Since nobody will DESTROY the mining equipment it will be put to use in 2 ways
1) Turned off temporarily: The miner might turn off the equipment for a couple weeks or months and see if conditions improve. If they dont, it will be moved to option 2.
2) Sold and Shipped to someone else: Many around the world have dirt cheap to free electricity. These are the ones who are buying up these cheap miners due to the low risk and high reward scenario.
The MINING EQUIPMENT and HASHRATE is NEVER destroyed only its MOVED. The hashrate might spike up or down for the next couple of weeks but its only due to the fact that the equipment is temporarily turned off because its currently in shipping.
Discuss
Agree, but not 100% of it. There will be a small percentage of mining equipment stopped permanently due to low hash rate, heavy and bad energy efficient. It would be even more costly just to ship it to someone for free then to just buy a new one. |
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I mine with my Red Fury hardware at 2.4Gh/s on average. I mine at Ghash.io and have also tried at Slush, but only get like 2000 satoshi per day. What's wrong? Or is this how it should be? Which way is mining profitable? Thanks!
Well, USB miner are for learning and showing off purposes. They are not for making profit. |
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20 kw per day is huge man. Hope you will create a topic on that. I want to see this.  Go SOLAR ftw! Solar is definitely the way to go if you can afford a $30,000 solar system. I’ve been looking into Proof of Stake altcoins like NXT.org. Both systems have their issues but PoS doesn’t have the need for massive equipment and power requirements that Proof of Work altcoins need to function. PoS makes more sense to me since people are invested in the currency, not the equipment & power needed to support it. You might want to commit yourself for a few years down the line before you go about buying a solar system specially for mining. Wouldn't it be simpler and more economical to simply sell the electricity you generate from solar? If you invest into solar AND mining equipment, your mining income will have to cover the initial investment and running costs of both. I haven't done any calculations on this, but for me this implies a longer payback period. It's different ofc if you already have either of the 2 systems running. I'd personally do an analysis for myself about what's better? To invest 30K (today) into solar or buy electricity (today and in the future) for my miners for the same cost for x days/months/years. Strongly agree, based on my calculation, selling back the energy to the grid giving me more profit then mining, plus you don't need to pay for ASICs. |
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Ain't gonna lie, starting to think about shutting down, putting my wallet into cold storage, and forget about Bitcoin for a decade.
wait, so you've not used cold storage? lol you're too brave. Well, I too have not bother maintaining a wallet in cold storage. In the other token I am a professional computer tech and network administrator, knows how to keep my computer secure, I am the sole user of the computer where bitcoin is installed. However, I do keep backups of my strongly 44 characters password protected wallet.dat on multiple media because hard drives crashes can turn to get outside my control in terms of data recovery depending on the severity of the crash - not taking any chances there. 44 characters password is basically impossible to hack or brute force. Be sure you don't forget your own password like the 123 bitcoiners does. |
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Awesome news on zandagort, have been waiting like forever. again, how soon is soon?
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Super Junior - This is love
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Is there a way to sort the miners by alphabetical and number instead of just randomly?
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1) When sending Statcgminer Data. Sometimes I get this error. "error occured <when contacting http://api.cgminermonitor.com/satistics/> The operation has timed out". The problem is sometimes I didn't get this error. 2) Also is there anyway to slow down the sending StatCgminer data incase of error? It keep trying like every 2 second and basically used up all my bandwidth. Thanks |
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mining a coin depends on internet speed ? I have net speed of 512kbps. Is it ok ? Please answer on basis of GPU and CPU mining
Stable connection is more important and not the bandwidth. So choosing a server/ mining pool closest to you is the best. |
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Really depends on the price, if the price is low like now, I would keep and hold.
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Thanks. Yeah, with "hybrid" I mean wind/solar indeed.  That is a good investment plan, but selling the excess electricity back to grid is better then using them to mine. |
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Any interest in forming a Miner's Union? I'm not volunteering to help, but I am curious if any of you think it's a good idea. Like OPEC.
Bitcoin is too decentralize for things like OPEC to work. Unless you are talking about few big companies control price and difficulty. |
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No man, even the most efficient card is not going to make you positive profit. Unless you have wolf0's help.
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Wow - so I guess I feel a little depressed.
1. No new Scrypt mining hardware.
2. Everything went to the Ponzi-Mining -- which is starting to collapse for many.
3. Most alt coins are becoming less profitable to mine.
I don't really see any of these alt coins becoming mainstream. Does anyone? So much for LTC being BTC's silver? LOL
I mean each one says it does this or that or supports something new and exciting - but no one is really using them for anything but trading to BTC in the end.
Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).
I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well.
Not only it is end for home mining, it is also end for some big company like cex.io. They have high maintenance fee.. there is never an end ... if there is money to be made SOMEWHERE - you can rest assured some big company out there is going to exploit it ... they have the cash to do it ... guaranteed ... #crysx The main issues here is there, no more money to be made, look at the difficulty and BTC price now.. |
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Holly sh*t, BTC at 150+ USD now
now prize is 190 dolar if u bought btc when u see 150 dolar,you would won %30 trading is still best way of earning with bitcoin.. That is a big if, no body can predict so well. Most people bought at 200$ and above. |
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