There is no realistic chance of recouping your investment with ANY cloud mining service. Youve got that much right.
I can show you calculation, but it shows a probable loss.
As to why people go for it? Go figure... wishful thinking is the commonest investors pitfall. A lot of cloud hash service thrives on it.
The same could be said for buying your own miner, as a lot of them have an equally high chance of never making a positive profit. Cloud mining trades the liabilities of a farm for a higher price, because you are paying for someone else's time and energy to mine for you. Self mining trades the higher price for all the liabilities of running your own rigs. One blown up rig can throw your profitability right out the window. PBMining is actually cheaper than hardware right now. So that argument has become irrelevant. pb mining: 1.152 btc per 180 ghs bitmain s1 ant 0.893 btc per 180 ghs And you need a PSU and pay for electricity. We've already had this discussion mate in another thread  Its very close, and with electricity, I believe that the advantage goes to the s1 by a VERY TINY margin, which its worth to buy from PB mining. No noise, no heat, etc. |
|
|
|
Who, here, is going to administer the 500 lashes with a wet noodle? I shall, unless someone has already done so? |
|
|
|
|
Gold and other precious metals. Silver IMO is the best for these reasons:
1. Cheap, allowing low entry barrier
2. Perfect bartering currency as $20 a ounce, its easy to calculate. For example, would you rather be asked to pay .01 an ounce of gold or an ounce of silver? For me I'd go with silver, as it just seems convenient.
|
|
|
|
|
My time zone is central (New York)
|
|
|
|
|
It seems that to use the coin and support the network should be the best proof, as doing it will keep the network alive. I think we should start migrating off of POW and go towards POS, POT, etc. Is it feasible to run a network off of just these too? IT seems there's not a need for wasting electricity and energy if you could just use it or hold it and get the same effect.
|
|
|
|
@precrime3 Unfortunately, very few scrypt coins will actually have a future.. we mine what is profitable for the short term, which ISR seems to be. Trying to guess which scrypt coin will be around and at higher prices in 6 months than it is today with any certainty would leave you with *maybe* one coin -- Litecoin. Even then, it could easily fall -- just look at Bitcoin's value.
Ahh okay. Have you considered alternative algos such as x11 or scrypt-n (seem to be promsiing)? Or you sticking to scrypt? |
|
|
|
|
X11 seems to be the future, just seems to have enough publicity, compared to other "green" algos like groestl and heavycoin
|
|
|
|
Just a PSA, ISR market appears to be heating up.
Sorry Im new to this whats PSA Public Service Announcement Does ISR have a future or just a p&d? Not interested in p&d. |
|
|
|
Probably exocoin, or fugecoin, idk many cpu coins. I'd suggest Heavycoin, but there is already a gpuminer, same with primecoin :/
Question? I thought Prime coin didn't have a gpu miner, I used to mine heavycoin till diff went to the moon after gpu miners came out, I'm mining prime with my cpu but aren't there more profitibale coins to mine out there? What is this? https://bitcointalk.org/index.php?topic=554697.0 |
|
|
|
|
Probably exocoin, or fugecoin, idk many cpu coins. I'd suggest Heavycoin, but there is already a gpuminer, same with primecoin :/
|
|
|
|
|
I put some blackcoin, because it seems to have potential, IDK why. POS rate is slop, i might remove it, and add some more to TEK, or HBN. Is CGB,Bitbar, or litebar a good option?
|
|
|
|
The OP asked if it was possible to run a miner at less than 100 percent performance to prevent overheating. Surely if a mining program is set to run at something like 10 or 20 percent of maximum performance, then it shouldn't have any issues with overheating?
No, it shouldn't (as long as there is a working cooling system). Is there a way to set a limit directly in the mining mining software? Yes, you can adjust the intensity and set the cutoff temp. But as many others mentioned, mining on a laptop is very very unlikely to be profitable. Not very very unlikely, more like impossible. I don't think mining on laptop was ever profitable, other than like at release of Bitcoin xD |
|
|
|
If I did, I will post a link here to the thread if you guys are interested  |
|
|
|
|
Yes, but one must get tired of the new beginnings, its like a phoenix right?
|
|
|
|
Yeah Gravity.....was so breath taking,the movie has some spectacular scenes and Sandra Bullock was awesome!!!!
Sandra was phenomenal, still looking good at 50  Also American Hustle is another good movie if you haven't seen it already |
|
|
|
|
I can read, and it seems that if your not finding any success here, it be good to setup an account there. Plenty of sha256 rigs there btw
|
|
|
|
|
Saw 300 (the new one) wasn't really a movie worth admiring IMO. Yeah it was good, but not as good as the first one, was way too graphic and imagine was pushing the "R" rating. The last movie I saw that was worth admiring (IMO) is Gravity. If you haven't seen it, quit doing yourself a disservice and watch it! Frozen is pretty good too, and is on its way to becoming a Disney classic.
|
|
|
|
Well good day guys, looks like thread ends here.  |
|
|
|
|
Show Posts
