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Is mining Litecoin or Bitcoin still profitable?
Bitcoin mining is getting near its end for small players. Cost of electricity > Bitcoin value mined. Even if ASICs turn out to be a fraud its still not really worth the effort IMHO. LItecoin... who knows?? |
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Over the last months difficulty went both up and down, but always below 20% at a time. Yesterday's increase was a whopping 38% , bringing my total miners' returns from 0.06BTC per day to 0.04  Why such an abrupt increase? Is this something to be expected from the future? 24.03 6695826 38.13% 14.03 4847647 10.98% 01.03 4367876 19.63% 18.02 3651012 11.47% 05.02 3275465 10.33% 23.01 2968775 -8.64% 08.01 3249550 9.06% 26.12 2979637 -11.59% 10.12 3370182 -2.00% 26.11 3438909 -2.00% I'm inclined to be skeptical about the whole ASIC thing... the business model is too bizarre. Selling money printing machines??? There's a chunk of me saying "elaborate scam" The difficulty hike I reckon comes from the same publicity that gave rise to the price hike. I'm guessing its a bunch more GPU's out there mining. |
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watching
(but Spain is next)
And we'll still see a run in Cyprus when the banks reopen.
Oh yeah, absolutely. Medium term this thing is going to stagger from crisis to crisis and Bitcoin is going up up up! |
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Just wondering what a difference there would be between a 5770 1Gig and a 512 Meg card in terms of mining... not a lot I would guess?
Any ideas please?
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Just had my first 5770 die on me.... so sad (and annoying) I spent ages trying to work out if the spangle on the screen and dramatic hash drop was a software glitch. Turns out the thing is dead.
Does this happen much I wonder? And what do you do with the dead cards?
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i bought at 60...i dont see this curve slowing down to be honest...too many big names involved and its the right time globally...this is the global currency to lubricate the revolution
When your money isn't safe in the banks it's a golden opportunity for bitcoin |
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$70 today? why lowball, tomorrow try $80 or $90
At the rate it is going, I would not be surprised. Heck lets go for $100 by tax day! Also, Coinbase is down and they haven't had any available BTC for a couple of days now. I knew March was going to be a crazy month, but this is beyond what I imagined! $100 in the next few weeks looks very possible. Amazing |
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Why did I stop mining during the slump???
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I think the current Euro troubles will get us above $100 before the end of the year..
I would agree. Its good fundamentals when your cash isn't safe in the bank anymore. It has to push up BTC. I'm just to chicken to buy at these dizzying heights |
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Nah, wait till it's $100.
Hey whats someone with your credit posting in the newbie ghetto for? |
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I got it working by installing pyopencl from source rather than the apt-package. The apt-packages are broken on 12.10.
Im thinking of downgrading to 10.4 and jsut apt-get the whole thing.... I hate source compiling. Ahh heck.. Ill give it a go anyway! |
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It may fall back to ~50$ but it also can rise to 70$ or above. What should I do? Buy or wait?
Let me check my crystal ball and I'll get back to you. Yeah, with hindsight, my life would have been completely different... Piles of cash and kudos and a few hot wives and concubines looking after a few dozen kids |
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Thanks buddy! I'll check it out |
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Can't wait to post in the real site... Its an exciting time to be in Bitcoin with the current price increases.
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Hello everyone. I love Bitcoin, its just so easy to send money without all that registration, fees, fuss and effort.
I've got a couple of online businesses and am wondering how easy it is to accept Bitcoin as payment? Are ther
any drawbacks?
Thanks for any ideas/experience!
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