I think we'll be over $300 before Friday.
Anyone want to bet me 1 BTC?
Good job making bad financial decisions. family will be proud! Its not even friday and most people think he already lost the bet, wait till friday and you might be shocked. BTC only need 1 day to increase 50$  |
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It's less than a week miners dumperino so what's the deal?
Every week there are 25000 coins mined and dumped. You will not even notice the hacked coins being dumped, so don't wet yourself over it.
The outsized and constant mining and dumping is much more harmful to the price than this theft could ever be.
The problem is, 25000 mined doesn't mean 25000 coin dumped. There may only be 10-20% bitcoin miner selling it since the price is so low. But for hacker (since they get it free it doesn't matter if BTC price is at 275$ or 500$) they would cash out and run. |
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Really like the weekly automated payout. Makes everything so simple and easy.
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Not only will difficulty continue to increase but block reward will halve again to 12.5 towards the end of the year from what I understand.
Its 2016 June, not end of this year so there is still plenty of mining to go. |
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The space could work but I would not run the refrigeration unit, this will raise the humidity in the air and your electronics will not like that. Using it though as a quality insulated room and getting some other from of cooling piped in could work well. It is surprising that no 480v volt is in the building with all those compressors and motors.
-D
I though refrigerator unit take away humidity like air-conditioner? What makes you think it raise the humidity? |
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^^^ or for everyone else... Don't go over 80% , lol
I believe it also depends on the temperature on the outside, if it is summer, I think only 70% load is safe as it is really hot. |
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BTC price is 275 $ now and difficulty is increasing, so buying BTC is much better then buying hardware now.
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I just got a Gigabyte Radeon HD 7970 GHz Edition, and the speculated KH/s rate is supposed to be around 730 kh/s non-OC'ed, is it worth it to mine any coin with it? It's running through my main PC, I do gaming and school work on it.
Thank you, any help would be appreciated!
BTC crash, alt-coin price crash. Nothing worth mining atm. Best advice is to sell the GPU. |
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Hello fellas,
I know this is a general question.
But where is it at the moment the best to time?
I've been running von Nicehash lately.
Are there any alternatives or anything comparable?
Unfortunately all the scams that have been launched have destroyed the "Coin-Launch-Races" that were so much fun in the past.
I'm running 6x R9 280x and 3x R9 290.
I guess you can still mine doge with gpu Bad suggestion, you can mine doge with scrypt asic and thus the profitability for it is really low and it is totally not worth to mine with GPU. Even x11 profitability is still better. |
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I've been using my GPU rig to mine Feathercoin with great results. They changed their algorithm to NeoScrypt a couple of months ago so Asics won't work anymore. At current prices, I find them to be one of the few profitable coins to mine with my rig.
Not anymore, the difficulty for neoscrypt rise fast and now not even able to recover the electricity charges. |
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People are losing money left & right. People who bought above $300 are $40 in debt right now. Someone who bought 100 BTC at 300 is $4000 short!!!! there are people who bought it at $320+
Those people are pissed off, tired and very very upset. They will throw that money in altcoins to cover their losses and as a result altcoins price will rise in no time. Back in September I told a friend of mine that 2015 will be rise of altcoins and fall of Bitcoin. It seems like I was correct.
Why would people dump money in alt-coin just because bitcoin crash? The weak holder would just sell Bitcoin for USD and never come back. |
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Not only bitcoin exchange might die, even pool operator and miners are dieing 1 by 1 due to lower fees and negative profit. Hope the profit would come back like in 2014 1st quarter.
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Well if you are looking to profit you could always short the coin for now and then rebuy later down the line.
No way, it could rebound anytime, It is really risky to short... |
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Game over, electricity bills is higher then bitcoin I mine, so why is everyone so happy about making losses?
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Hello everyone please excuse me if this is in the wrong section and please move if required. A friend of mine , has managed to get plans and firmware to modify antminers to mine scrypt based coin by changing the voltage and loading new firmware onto the device.
Does anyone know if there is some truth in this, and could someone point me in the right direction to get these plans. As I am an electronics engineer I might be able to load new algo into these devices.
Its not impossible but its really hard, you might as well buy those scrypt miners that is in the market and learn from it and make your own scrypt miner. |
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going for a movie is 10$ when they can watch it online for free, are they sucker too?
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OMG, what just happened that make bitcoin fall so badly and this time below $300?
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Ok, so let me ask an on-topic question:
Where the hell is all this hashing power coming from?
Based on bitcoinwisdom it looks like we went from a 5% drop in hash rate to a 3.5% increase in a week. 8.5%. What's more it's taking on average 9 minutes to find a block, or a 10% boost in hashing power (or serious luck).
Where did 10% of new hashing power come from in 7 days? Bitmain? Maybe, but 30 petahashes (10% of 307ph) is 15,000 2th miners. That's either a lot of miners or my math is way, way off.
china is my guess, they have easy access to asic and other stuff, they have free electricity also Since when china have free electricity? Probably if you own the power plant but am I missing something? |
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Okay... the thread got hijacked but I was actually interested in the OP's discussion before all the bickering broke out... ha
So, I'm with the ditch GPU crowd at the moment. I'm hoping for more power efficient and cost effective GPUs in the future. I really like the GPU mining game and I love the mostly open source nature of the community so I could definitely see myself getting back into GPU mining.
I still mine with 5x 750ti's and I use the opensource ccminer for that. There's a lot of community support for it. I just use miningrigrentals because I like the interface and the ability to fallback to various pools even though ccminer doesn't support failover... the website makes it so that the miner will failover which is really cool.
And where to mine right now really all depends on your intent. If the intent is to profit then that's a lot more difficult. Places like nicehash or rigrentals can help improve profits by getting a little bit more than what you'd get by mining on your own at a pool.
If you are looking to gain and collect coins then that depends on what you're interested in. There are coins that support charity, science, entertainment, etc etc etc.
If its not up to profit, then its better to just buy those alt-coins. You would get more coins out of it and less expenses (electricity bills). |
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