Down to 39%, but I won't entirely feel safe until they're closer to 30%: https://blockchain.info/pools?timespan=24hrsAt least either the pool operators themselves are reacting to the outrage, or some miners are wising up. Probably a combination of both. We must all remain vigilant though. Keep reminding our fellow miners, and if you see anyone in this forum post stats or references to GHash, please ask them kindly to GTFO there.  |
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Interesting, I will look for that option next time I checkout through Expedia.  |
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Antechrist fo sho! He goes all in and saves your life!  |
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Let's see this kid in 5 years, when he's neck deep in hookers and cocaine, owes back taxes to the IRS, and becomes besties with Brock Pierce. At least, that's how I envision his story on the big screen.  |
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Short answer: FUCK NO!  Long answer: Dogecoin has a long ways to go to be considered the next Bitcoin. Would need more widespread acceptance, more developer support, more avenues to spend and use it. Sorry, but not even close. |
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Any pool besides Ghash.io is the best.
Ghash.io is the worst, for reasons that should be obvious....
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Not on the website yet, but Rockxie announced it on the official Rockminer thread: Update RK-BOX specs:  Prototype is testing now,here is pics:  First batch production will be done on 24th,and shipping date will be 25th,email sales@rockminer.com or PM me to get more infos. Thanks for your support. |
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So this is the renamed rxbox which was supose to be 600ghs? Or is this a lesser model?
No this is in addition to the RX-BOX. They have 3 models now: R-Box @ 30-38 GH/s RK-Box @ 450 GH/s RX-Box @ 600 GH/s per module All ugly POS! Just playing.  |
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If you've spent time going through my posts throughout the forums here, you'll know that I have invested in hardware. I made that decision for two reasons. First, is because I believe in BTC, and I wish to contribute to its success. I mine, and I do so on p2pool. The second reason, and one that is not so altruistic, is that I hope to make a profit while supporting BTC.
My personal opinion is that cloud hashing is slanted in favor of the company providing the hosting. As someone else wrote in another post, "Why would they sell you $1 for $0.75?" Companies providing cloud hosting have evaluated the risks/rewards and it is their stance that they will make more by selling hashing power to you and me than they would just hashing for themselves. Fair enough, at least we both agree that cloudmining with any service, least one like this company which is still yet to be proven legitimate, is most likely a losing proposition. I hate to bring up CEX.IO, but at least you can sell or trade back your hash. Hardware, you can always sell back to other miners for BTC's to recoup losses if any. Mining for profit is tough, period. Buy and HODL is boring for most miners, especially myself. If you're going to mine, at least give yourself the best chance at the best pricepoint to do so. I don't think MinerTechnologies(if they're for real) fit the bill quite yet. |
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Your example is wrong. You're converting gold bars into a house. The example would be better had you said, "I gave a guy 4 gold bars hoping that after a year he would return me more than 4 bars." Now you're using your noggin. Under no circumstances, will you earn the 4 BTC's that $2599 mining contract will ever yield in a year. Besides early 2012/2013, difficulty will most likely be in the teens percentage wise, meaning you won't earn back 4 BTC |
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@johnnybravo I don't see static anywhere, do you? Difficulty History Date Difficulty Change Hash Rate
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.80% 35,840,504 GH/s
Mar 13 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s
May 12 2013 11,187,257 11.03% 80,082 GH/s
Apr 30 2013 10,076,293 12.28% 72,129 GH/s
Apr 17 2013 8,974,296 16.96% 64,241 GH/s
Apr 05 2013 7,673,000 14.59% 54,925 GH/s
Mar 24 2013 6,695,826 38.13% 47,931 GH/s
Mar 14 2013 4,847,647 10.98% 34,701 GH/s
Mar 01 2013 4,367,876 19.63% 31,266 GH/s
Feb 18 2013 3,651,012 11.47% 26,135 GH/s
Feb 05 2013 3,275,465 10.33% 23,447 GH/s
Jan 23 2013 2,968,775 -8.64% 21,251 GH/s
Jan 08 2013 3,249,550 9.06% 23,261 GH/s
Dec 26 2012 2,979,637 -11.59% 21,329 GH/s
Dec 10 2012 3,370,182 -2.00% 24,125 GH/s
Nov 26 2012 3,438,909 2.08% 24,617 GH/s
Nov 12 2012 3,368,767 1.95% 24,115 GH/s |
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When do we get an update from BA about the X3???
Invested 12.000 dollars...not one update...no service...
tomorrow. Tomorrow we get an update of an update. Sort of like Inception, but our investment is in limbo. |
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Update RK-BOX specs: Prototype is testing now,here is pics: First batch production will be done on 24th,and shipping date will be 25th,email sales@rockminer.com or PM me to get more infos. Thanks for your support. How many wires do you have coming out of that thing? Looks rather messy and spaghetti wiry. Doesn't look stackable at all. I gotta see someone attempt to fill up datacenter racks with these hulks. |
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What about GAW miners? I get the impression that this company is one of the more reputable on the bitcoin market. There is nothing about them in the guide.
Not sure if you noticed, but these are all Bitcoin miners, and this is a Bitcoin only hardware thread. Emo, goth, alternative stuff go here: https://bitcointalk.org/index.php?board=67.0 |
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Mining have nothing to do with the btc/usd price ratio. You should always report mining only to btc.
I understand what do you mean so we must stick in BTC for mining report, not USDif we do like that, hard to make ROI in 3 months, maybe 4-5 months still possible That is exactly it. You always calculate in BTC (invest) to BTC (mining profit). If you're mining (hardware or cloud) hoping USD rise, but with a risk of not making as much BTC as you put in, you're losing money plain and simple. If you invest in USD, but are also hoping for a BTC price increase, you're better off just buying the Bitcoin outright and sitting on it. You're always taking a risk, which is what my initial statement was. Regardless of if you invest USD, EUR, YEN or BTC, you hope that the output will be greater than your input. If you invest 4 BTC now, you're hoping that difficulty doesn't rise so dramatically as to make it impossible to recover that 4 BTC. If you invest $2599 now, you're hoping that the amount of BTC you earn from mining ends up greater than the $2599 you put in. You always calculate with BTC invest in, never fiat. If you invested 4 BTC, you ROI by making back 4 BTC plus, not what 4 BTC's fiat amount was worth when you invested. That's like saying I paid 4 gold bars for this house, but the house tripled in value, so the 1.33 gold bars I made back is A-OK. Uh, no it's not, you just lost nearly 3 gold bars. |
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Yes, but I find it very hard to belive that you don't know that this difficulty is increasing every 11 days (between 12% - 20%). Your calculations are misleading because you know very well what I'm talking about. It's not good for the image of your company to state false numbers, the difficulty it's not static. Present all the risks with buying cloud mining contracts so the costumers can make their calculations . Don't mislead costumers with false calculations, we had enought companies like this! It's not just the difficulty that changes. The price of BTC also changes. Sorry, $2.6 per GH/s is just not competitively priced at all. No ROI for customer at all locked in for a year, only profit for provider and that's it.
Gotta be much lower than $2 per GH to even be considered.
It's all variables and it's all risk. Whether or not you choose to accept it is the question. You can't just make a blanket statement of "if it's not under $2 per GH, it'll never ROI." If the price of BTC shoots up to $1000 tomorrow, that $2 per GH will ROI just fine. Not if you pay in BTC, it won't. If you pay 4 BTC, you'll never mine back 4 BTC under any conditions, whatsoever. So my blanket statement does apply. No, your statement was using USD "...lower than $2 per GH to even be considered". If you pay a current price of $2.60, which is the asking price of the contract, that's your starting point. if BTC crashes to $100 and stays there, you'll never recover your initial investment. If BTC goes to $1000, you're going to make your investment back and then some. Your next statement, "...you'll never mine back 4 BTC under any conditions..." is incorrect. If difficulty were to remain a constant, at current difficulty you'll mine 15.622 BTC in a year. Projecting a 10% difficulty increase will net you ~6 BTC. Since when does difficulty stay still? I actually anticipate a massive spike once Asicminer puts their 15 PH on the network. You're using the wrong calculators dude, no way you'll mine 15.622 BTC under any conditions. |
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Mining have nothing to do with the btc/usd price ratio. You should always report mining only to btc.
I understand what do you mean so we must stick in BTC for mining report, not USDif we do like that, hard to make ROI in 3 months, maybe 4-5 months still possible That is exactly it. You always calculate in BTC (invest) to BTC (mining profit). If you're mining (hardware or cloud) hoping USD rise, but with a risk of not making as much BTC as you put in, you're losing money plain and simple. If you invest in USD, but are also hoping for a BTC price increase, you're better off just buying the Bitcoin outright and sitting on it. |
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Yes, but I find it very hard to belive that you don't know that this difficulty is increasing every 11 days (between 12% - 20%). Your calculations are misleading because you know very well what I'm talking about. It's not good for the image of your company to state false numbers, the difficulty it's not static. Present all the risks with buying cloud mining contracts so the costumers can make their calculations . Don't mislead costumers with false calculations, we had enought companies like this! It's not just the difficulty that changes. The price of BTC also changes. Sorry, $2.6 per GH/s is just not competitively priced at all. No ROI for customer at all locked in for a year, only profit for provider and that's it.
Gotta be much lower than $2 per GH to even be considered.
It's all variables and it's all risk. Whether or not you choose to accept it is the question. You can't just make a blanket statement of "if it's not under $2 per GH, it'll never ROI." If the price of BTC shoots up to $1000 tomorrow, that $2 per GH will ROI just fine. Not if you pay in BTC, it won't. If you pay 4 BTC, you'll never mine back 4 BTC under any conditions, whatsoever. So my blanket statement does apply. |
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