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I have 1 but would have more if I could stop spending them.
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My last purchase was some truck parts and a note 4
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Yea I do but I have trouble holding on to them thanks to Gyft!
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thanks everyone for all your helpfull feedbacks..and yes I know about asic chips and apso that they are the best things to mine bitcoins in compared with gpu and cpu mining..well I am from india so can anyone can give a little advice(if possible) that where can I huy a healthy mining ridge and what miner will be best to generate a profit of 150$ per month
How much power do you have and whats the cost per kwh. You need to start there when jumping into mining so your not at a loss before you start. |
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500 in gift cards for Amazon using Gyft
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I agree to start slow and do it as a hobby.
I think it is a great time to mine since the difficulty is not always getting harder like it was before. I have now been mining BTC for over a year and the difficulty has not been increasing constantly. Worst case BTC jumps up in price and all the miners come back online and my miners I am now buying for 85.00 ea are worth much more.
But do the math before you do anything since that's what it all comes down too unless it is a pure hobby for you.
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As others have mentioned, Minera is pretty great. There is an ARM image so it is easily flashed to an SD card for a Pi. The statistics are detailed as well. It really allows you to see which miners are underperforming and need to be tweaked. And it automatically attempts to recover miners that go down. It's a time saver so you don't have to go rebooting miners all day.
Can you control them(network miners - specificly antminer S5's) from minera? or is it just monitoring? I set up Minera yesterday in hoping I could swap pools etc but had no luck myself. It does do monitoring but that's all I see on a local network. I even tried to swap to my reserve pool on the S3 and it would not even do that. I ended up setting up an account at a mining rental place and pointed my miners there in groups of 5. So far it has been great and I have not noticed any decrease in hash rate. |
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Mining is almost dead for the little guys its unfortunate but its the facts. Maybe its time to start mining new coins and hope for the best.
What is considered a little guy? Serious questions here. 100TH/s and less might be a good cut-off point, somewhere around there? I guess it matters that I have free power  . I will run them till they die of old age. |
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Mining is almost dead for the little guys its unfortunate but its the facts. Maybe its time to start mining new coins and hope for the best.
What is considered a little guy? Serious questions here. |
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When it was 212.00 then shot up to 1100
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I am in Washington, so that could be great. You say we, who is we, if you don't mind me asking?
I meant we as in WA have some pretty large farms. They are near the damn in eastern WA. I have not been there just read a few articles about how cheap the power is and how more farms are opening up. You can see the rates here http://www.electricitylocal.com/states/washington/east-wenatchee/ |
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Hashing power is useless if nobody wants to do business with your mined blocks, though. It's a bit of a symbiotic relationship between miners and services (exchanges, merchants, consumers, etc.), but the latter group should have the deciding power.
This makes sense thanks. |
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Since most mining gear uses between .4 and .5 watts, what would be the cheapest zone or area to locate mining equipment? I was told to look for a .3-.4W zone, but I don't know where that would be. Is such a power zone available in the US, or would it have to be in a 3rd world country....?
Thanks in advance.
We have some pretty major farms here in eastern Wa |
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I think the reason this thread was created was to get opinions about "The Fork"
I am really thinking, is it not the miners that ultimately decide what fork is going to succeed. If they split Bitcoin and also create Bitcoin XT and 80% of the larger pools move to FORK XT then is it not the miners that have decided the outcome. I am not an expert in any of this and am really trying to understand it myself that is why all the questions. It just seems that if Gavin wants 20MB and others do not one will ultimately win out based on hashing power. Is my thinking off? Your thinking is correct to a certain degree. The "pools" who host for the miners that will ultimately decide. Your thinking is right on for the most part. Yes that is correct, thanks for the correction. |
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I think the reason this thread was created was to get opinions about "The Fork"
I am really thinking, is it not the miners that ultimately decide what fork is going to succeed. If they split Bitcoin and also create Bitcoin XT and 80% of the larger pools move to FORK XT then is it not the miners that have decided the outcome. I am not an expert in any of this and am really trying to understand it myself that is why all the questions. It just seems that if Gavin wants 20MB and others do not one will ultimately win out based on hashing power. Is my thinking off? |
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Mine a X11/Other alt coin and sell them for BTC you will make more BTC that way.
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This gives me mixed feelings for sure. On one hand I have a large pipe I mine off of and have no issues if there is a larger block-size. On the other hand does this not make the network less secure if 50% of our hash rate might drop off.
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