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Happy to say that in about 1.5 months, I've more than paid off my $1000 hardware costs. I've earned about $500 an top of the $1000 hardware investment.
I do agree though bitcoin mining is not nearly as profitable as a few weeks ago when coins were worth $30+ and difficulty level was 500K.
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I work at AMD as a beta card tester, we've been testing the new 7xxx prototype for a while,
past few days I install a grid miner to about 10k of these cards for the heck of it.
didn't know it would cause so many issue for you gaise, sorri.
Oh that was you that fired up all those cards! Tomorrow you will be getting your pink slip. I hope it was worth it! Tomorrow's your last day at AMD. |
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Why post this on the forums, your just going to encourage more miners.  Difficulty is at an increase, and lately the exchange is following a downtrend. |
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13.06.2011 09:09 1Fk4DVGCGoXAiYCUMU7z... 1.02 I did an Instant Payout at 10:09 Central time -- STILL waiting for a confirmation! What's going on? Here's the scary part -- after almost TWELVE HOURS without a confirmation, this is what BlockExplorer thinks of the transaction: No such transaction Is my 1.02 BTC just gone? I think many people would switch pools and/or stop mining if losing a whole BTC was that easy. Same. I did a payout of 1.01 @ 10AM Central. Zero confirmations after like 12 hours. Never had it take more than 2hrs before! |
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Deepbit down, all my 5 miners are down, switched pools.
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hmmmmm.... 6% rejected shares, i think because of the idle miners. This is not good |
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Is it gold plated? Why 2x the retail price. I can get 2 cards any day of the week for $1500.
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OP has not responded, which means the OP is full of shit!
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Buy bitcions don't mine. They are so cheap right now! $10 each!!!!!!
then please buy them all up, so price can increase again! I did buy some @ $10. Very happy I did as they are $23 now. |
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When it doubt, use SSL... https://btcguild.com has worked when earlier http:// was down. ----------------------- I just started getting more idle miners and random TCP errors. I may have to switch pools again of this continues. Are the severs overloaded or what? Looking at my logs, the last maybe hour or so I've gotten idle miners every 2-3 minutes... |
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I snagged some at 11.1 then 10.3 today  It's already gone up! If it falls even more in the $10 range, I'll buy more. Although mining profits are not as good now, I'm re-investing my mining profits into buying some BTC. |
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Something seems fishy here...
shakaru claims to have "a mass mining op (in the 10's of ghz)", yet in his signature he's asking for donations to build his mining rig.
I read over all of his posts here (and I encourage anyone considering this investment to do the same), and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time (what cards to use, what kind of monetary return to expect, why something isn't working etc..)
I'm not saying he doesn't have good honest intentions, but something isn't adding up and I hope nobody gets burnt
Couldn't agree more. Seems extremely shady. Also what exactly do you mean by "a mass mining op." Sounds like some horse shit to me. |
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Buy bitcions don't mine. They are so cheap right now! $10 each!!!!!!
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OK this round is almost onto 3 hours, lets start with some hoodoo voodoo up in this mofo!
I'll start the chanting with :
JigglyPuff! JigglyPuff! Cha Cha Cha!
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Start it up, make a website, a new forum make it private and lets work on a strategy. Might work, might not.
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The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.
3 to 4 times more profitable.... right... I think YOU'RE trolling. So that's like mining today @ $3-4 a bitcoin at current rates. Who the hell would mine at the current difficulty level for $3-4? If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS. don't believe me look here. http://www.tvori.info/bitcoin/charts/ compare where the pretty green line was on april first to where it is now. I said 3 or 4 times more profitable, not 3 or 4 times the price. Looks more like 2x more profitable, rather than your claimed 3-4x... Maybe 3-4x before the bubble popped @ ~$30. |
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The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.
3 to 4 times more profitable.... right... I think YOU'RE trolling. So that's like mining today @ $3-4 a bitcoin at current rates. Who the hell would mine at the current difficulty level for $3-4? If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS. |
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I'm ready! I don't mine anyway!
Haha, you're an investor then? |
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Currently 10.5 blocks are being solved per hour. I'm guessing that the next difficulty increase will be quite high... about 80%. Thats just my guess, if you have an actual estimation based on the current rate, post.
With the huge dip in BTC price, and the difficulty increase coming in a week, this could become not very profitable very quickly! The price needs to increase again in 1 week or a lot of people will be forced to stop mining!
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I Built 30 rigs, each with 3 x 5830's which all and up cost me 15k which I purchased on credit cards at close to 20%. I am not making much money or bitcoins since the difficulty has gone up, I would have been quite well in the clear if I sold my bitcoins at $30 but I still have them, I don't want to sell them under $15.
Is the price of bitcoins going to go up, if so I will be alright but I am uncertain if I can continue to generate bitcoins in a profitable way. I still have to pay off the credit card. What do you guys think?
Pictures or it didn't happen. You are talking about 15Kw's worth of power, unless you have a decent size commercial building, that's the only way you could power all of them. |
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