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5001  Bitcoin / Hardware / Re: BITMAIN AntRouter R1: 1st wireless networking device with bitcoin mining chip on: October 24, 2015, 02:41:08 PM
Anyone happen to notice it reset like three hours?  Mine I have tried a few things to but seems like every 3 hours it resets, but starts back in like 30 second.

I'm thinking maybe try less U3's next I have 3 right now.  So thinking about trying 1 today.  Just wondered if anyone else has seen this.

Have not seen that, but have not run with U3's. Does it do it without a U3 attached?

Mine stopped again after 25 Mins at 300MHz, so have upped the Core Voltage to 0.68V which gives 0 HW errors, has now run for 40 Mins, we will see?


Rich


I will test without and with just one.  So far have been trying to use 3 as it does it very well.  It seems to work pretty good.

Just odd on the 3 hour reset.  So going to do some more testing of different variables.
5002  Other / Beginners & Help / Re: Network mining on: October 24, 2015, 02:38:38 PM
I would not recommend this since it would be detrimental to the computers. Mining runs them at full power and could very possible burn out the processors or at the very least, shorten their lifespan.

We all agree on this but OP said:

I just posted this in the main bitcoin forum. I have no interest in the other alt currencies as I do not trust them yet. I have been told that with given the size of my network, I should be able to equal the dedicated hardware, though with more computers. I would just like to give it a shot. If you're just going to tell me it's nit worth it, please don't bother. As I stated, I would like advice on the questions I asked previously.  Thank you.

I think after he tries on 1 computer he will realize it is literally losing money on electricity.  Even if good desktops day's of CPU/GPU mining are over.  But if he wants to try he should on 1 computer to see what were saying. 

I think we can all agree don't set up a network full of these things before seeing how little they bring in.
5003  Other / Beginners & Help / Re: What is the safest way to store Bitcoins? on: October 24, 2015, 02:35:03 PM
Bitcoin wallets store the private keys that
you need to access a bitcoin address and
spend your funds.

They come in different
forms, designed for different types of device.

You can even use paper storage to avoid
having them on a computer at all. Of course,
it is very important to secure and back up
your bitcoin wallet.

Bitcoin wallets come in a variety of forms.
There are five main types of wallet: desktop,
mobile, web, paper and hardware. Here’s how
they work.

Why not just link to the article? - http://www.coindesk.com/information/how-to-store-your-bitcoins/

Appears to be a copy/paste post from there.
5004  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: October 24, 2015, 01:00:51 PM
How long does it take to buy BTC on coinbase?
Looked like a week.
'

You really need to start combining posts.  Instead of 3x posts in a row, combine them into one.

But read coin base FAQ it varies depending on level your at on it's scale.
5005  Bitcoin / Hardware / Re: BITMAIN AntRouter R1: 1st wireless networking device with bitcoin mining chip on: October 24, 2015, 12:59:19 PM
Anyone happen to notice it reset like three hours?  Mine I have tried a few things to but seems like every 3 hours it resets, but starts back in like 30 second.

I'm thinking maybe try less U3's next I have 3 right now.  So thinking about trying 1 today.  Just wondered if anyone else has seen this.
5006  Other / Beginners & Help / Re: Where can I invest? on: October 24, 2015, 11:42:04 AM
Invest in bitcoin if you believe in decentralization. Freedom is the winning spirit that would make bitcoin the future.

BTC has actually been a pretty good bet the past few weeks.  Just holding from 230 it remained there for longest times.

Now we have a almost 50 dollar bump per btc... that add's up.  So I would consider just straight BTC holding as of right now (assuming it does not jump back down which nothing can promise)

It's a jump up from 230, sure. A lot of people bought 500+, which is a horrible investment so far (stock market has well outperformed that).

If you bought for 500+ yes it would have been a horrible loss.   Or even higher.   I'm just comparing to recent.  I was there during the day's of high prices.  I could be seen as smart or lucky depending.

During those I had almost all investing into mining rigs... so if they turn a ROI in amount of BTC... it did not matter 1000 per coin or 500 per coin... having more btc then you started with is always a good thing.  I consider myself kinda lucky as I was so much involved in the mining back then, and also I did not use MT Gox to hold for me... so there are multiple things back then that made me last to current day's and feel good with my investment.

Yeah, one of my worst mistakes was buying a 7950 for mining. Paid $300 for it and was able to mine about 1.5 BTC or so before it wasn't profitable anymore. The issue with this is that I could have just spent the money and bought 8 BTC at the time, so while the fiat value is about breakeven, I essentially lost 6.5 BTC as a result (or ~1.7k at today's prices), Sad.

I was part good and part lucky no doubt during the GPU day's.   I got lucky on some of the timing also not investing in BFL or some off the other early asics, and not being in Mt. Gox.  I wish I could take all the credit and say I'm some magic speculator but it was part good speculation and part luck.

I did pretty good in scypt on multiple machines so that helped.  I miss the scrypt mining.  Today it's all about the BTC mining for me.
5007  Other / Beginners & Help / Re: Woke up today and lost all my Bitcoins ! on: October 24, 2015, 10:39:05 AM
I guess theres nothing we can do about it cleaned my Laptop of Xunlei and Badu reinstalled Windows hopefully I be safe. Shit cant beleive a ll bitcoin gone FFS.

Sorry to see they were lost for good. That is never a good feeling.  This thread is the example why it's so important on safe wallets a storage that is normally first page anymore.


both my wallets on my android phone 2.58187103  *snip

Phones should not be considered a secure device or used to keep more then a little spending money. They are just a security risk.  Cold storage is ofcourse best.  But phones are pretty bad to use as a wallet for any sizable amount.

I since formatted my computer and my phone is replaced. Never going to root my phone again after this.

It is sad but rooted/jailbroken are at risk even more then regular phone.  This has to do with them normally not being updated near as often as regular phone OS updates, and also install's from unknown sources adds huge risk.

But your on the right direction.  Keep only spending money on phone.  Never put a address that your using for holding to put on it.
5008  Other / Beginners & Help / Re: Cloud Mining - Please help a newbie on: October 24, 2015, 10:35:15 AM
My main thing is like I said I push people to research.  I make 0 money off of what people decide on cloud mining.  So I don't push, just tell them to research before doing investment.
Then why did u keep mum when I published my research results and tmfp was attacking me for publishing it? Is it the case that the research result must show certain cloud mining is better than the other to be reagarded as valid?

I don't think I attacked you did i?   I do think some are better then others, but I don't think I remember anything with you and I.  I also push people to come to their own conclusion on what cloud mining they trust.

So if you were pushing one I likely remained quiet, as I think the investor should make that call.  But I do speak in mining and cloud mining in general as my love of mining.
5009  Other / Beginners & Help / Re: Best way to earn Bitcoins? on: October 24, 2015, 09:03:13 AM
At the current time, is it profitable to mine altcoins? If it is, then should the altcoin have the lowest difficulty, or be chosen it based on another factor? Is it easier to get profit from a CPU-mine only coin, or something like BURST, which you 'mine' using your HDD?

maybe yess, but mining altcoin is harder to calculate than you mining bitcoin
altcoin price is  "very unstable" than bitcoin price


I was excited to hear about HD mining.  But look at some of the burst calculators.  I found it takes multi TB's of diskspace and you make a few bucks a month.  That does not cover electricity.

If you look at burst price it has been on a downward trend for a while.  Take a look at long term trends - https://poloniex.com/exchange#btc_burst
5010  Bitcoin / Hardware / Re: ANTMINER U3 Discussion and Support Thread on: October 24, 2015, 08:49:15 AM
For those of you running on Linux, it appears there may be an easy solution for restarting your U3 without unplugging the USB cable. With the antrouter, Bitmain's cgminer-u3 init.d script stops the udev daemon(linux device manager) when it stops cgminer, and then starts it back up in the cgminer start function, if it is not already running. This allows me to restart cgminer when a unit goes zombie, through the init.d script or UI, and not have to unplug the device. You should be able to port this command to another linux based system and monitor cgminer then restart cgminer/udevd when needed.

On cgminer stop
Code:
start-stop-daemon -K -n udevd -s TERM

On cgminer start
Code:
 ps |grep -v grep|grep udevd  > /dev/null
if [ $? -eq 0 ];then
        echo detect hotpluging USB miners
else
        /sbin/udevd --daemon
        echo start detecting
fi




Thanks for sharing seems very interesting.  Does the reset of usb without resetting power seem to fix it on zombies with this?

If you could auto fix zombies that really would be huge.   Don't think anyone else has had a fix yet.  Happy to see some of your great coding Smiley.
5011  Bitcoin / Hardware / Re: ANTMINER S4 Discussion and Support Thread on: October 24, 2015, 08:47:20 AM
My main concern is noise in a share house so I'm keen to get smits up and running but if it's too complicated I better try the standard FW first I suppose.

Honestly if your main concern in noise I would avoid S4's.  They are 2 TB machines that are not known for being quiet in most cases.

What part of it was to complicated?   I personally only used Smits firmware when nicehash was doing well over BTC, but that does not seem to happen to often now.  It's at negative 10 percent on sha256.

But it is a custom firmware he did very good at making.  It should be just flashing firmware. (Yes all firmware flashing has possibility of going wrong I suggest on S4 make a backup of SD before flashing).

Alright thanks I'll make sure to back up before flashing!

I highly suggest it there are backups on here if needed.  But I always liked my own backups as I could flash them quick on S4's.  That is part of why i loved them was running off SD card wish all bitmain miners used SD cards.

But it should not be to hard on flashing just like normal firmware.  It's been a while since I have used it though.
5012  Bitcoin / Mining speculation / Re: Very new to mining, I could use some technical advice/help on rig construction on: October 24, 2015, 08:44:53 AM
Building an altcoin GPU-based rig should be viable - though not cheap unless you couldn't care less about it being profitable.

 Dash (ex-Darkcoin) among others is still profitable with GPU-based mining, though the ROI is very very long. if you use Maxwell-based GPU cards like the 750ti or 960/970/980

I think the main problem is he already selected a project on bitcoin.  Assuming he goes to GPU he could change topic to crypto currency, and make it more broad then bitcoin alone.

He never did anwser on how serious this is. If senior project is assembling he could do a RPI with a few compacs for not to expensive and show BTC mining.  But not sure if building will be considered construction or if he has to design it more then that.
5013  Bitcoin / Mining speculation / Re: Is mining dead ? on: October 24, 2015, 07:09:55 AM
In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump.   I also think less people rent MRR then they use to.  A lot tend to use nicehash which pay is low a lot of the time. 

You need to look into BTC mining more.   It is far from dead, and only dead if high electricity or high vat.
Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC.  It no doubt can make you more money if you get lucky or had some great strategy.  When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine.  Most alt coins that are worth mining are Scrypt.  There is just a bunch of old asics besides a few SF100's that made it to public.  Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear.  What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?
I just suggest in general that mining alternate coin may be a good idea. There are still many SHA256 coins that can be mined like Trinity or you can used multipool to mine the coins. That's also fine I think. On the other hand, Yes there are some risks when playing with alternate coin but with steady project like BURST, NXT, HYPER,... (don't mention about mining here just want to show some examples about stable coins) I think it's totally worth.

I thing the value one coin doesn't really say anything. If you got that much mining power, you can probably ( just probably) make equal to the amount of bitcoin you mine or even more. In some cases, solo mining can give you even more income while solo mining bitcoins is quite impossible unless you got a really really really big farm


Show me a SHA256 coin that is constantly better to mine then BTC.  I think you either are not a miner, or possibly doing something wrong.  Mining SHA altcoins... just does not make sense for almost all.  You would be better off mining BTC and buying alt's ins most cases.   But I still think BTC is best sha coin long term.

Can you show profits personally from constant mining of alt coins in sha?  And you mention some I'm pretty sure you did not try.... burst I looked into mining my HD on 2 TB's a month leaving a big computer on it ran at a loss and made a few bucks a month.  You throw out coins but I don't think you have done the ROI or done it personally.  But I could be wrong.  Please show us your past trading that made it better then BTC on mining.
Yep I stop mining for a quite a long time when I think that it's no longer profitable. And about BURST, like I said if you decide to get in early you will find it profitable, and I jumped in from the beginning and yes, I have done the ROI but I don't have the habit of staying one coin very long so my past trading of it is quite long ago. However I just say that this all is my own opinion so it may be not really correct and I admit that nowadays SHA256 coins that are better to mine than BTC no longer exists but I remember mining one or two coins just what I think was better.

You really are a bit out of dated of your mining to be honest, that is nicest way I can say it.  You should be able to back up things you say with facts not just a general feeling.

Mining BTC on SHA256 asics is most profitable way to do it anymore.  If a new coin launches yes it might change.... but there are few coins that are not pump/dump.  BTC has the long term profitability.  Mining changes so much you really need to stay part of it to have good information to share.  Look at nicehash for example.. they are renting at negative 10 percent currently.  That shows no great altcoin is currently being mined.

Most altcoins that are worth something are in scypt area which is very hard to mine now day's after LTC having.  I could be wrong but look at even 1 month burst it is going down - https://poloniex.com/exchange#btc_burst .   I mean a few bucks to mine all month on multi TB drive is horrible and a loss when mining.  It's looking like pump/dump.
5014  Economy / Service Announcements / Re: Free Sato.sh invite - Earn bitcoin from sharing pop. trending topics! Only 5/day on: October 24, 2015, 06:56:47 AM
It looks like you can register for free: https://sato.sh/

Op are you asking for emails for referral reasons?



I would agree with:

oh another thing that pay you by posting, i'm struggling to find something like bitcoin, but i would be interested in the earning is big enough

how much is the average earning for let's say... 2-3 hours?

I don't see this being high income on posting but I could be wrong.  I would love to see some math behind how much you earn.
5015  Other / Beginners & Help / Re: What is the best Cloud mining Site? on: October 24, 2015, 06:47:05 AM
As I told in one of my previous posts mining is not profit. Whatever you do and whenever you do about it: at home mining or cloud mining. At home mining needed expensive dedicated hardware which costs to much and even you have much earnings at the beginning everything go to repay the hardware. Then the difficulty rise and the earnings drop. Si you will never arrive at break even. The same with clod mining. They who sell ghs know all that and make their calculations to not lose them. So here the possibility to earn something is even less. Must earn the owners of site which give the clod first. There it will be nothing from you. Even the possibility of selling ghs is nothing. All the factors are connected with each other and the price of the sell will be never profitable for who buy, and maybe even for who sell.

If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days.

Even this have less probability to be verifies because of halving (is supposed that to many miners leave mining because of the halving of the amount produced and as a consequence less profits) no one can  know if this can be true for sure. Who knows which factors can enters in the market and make again the rise in big amounts.

There are many that break even and even ROI.  It takes smart strategy.  It in no way is a guaranteed profit. I personally do mostly hardware mining as I have mentioned many times I enjoy playing with the gear.

But you cant make blanket statments saying you will never break even.  Mining is so dependent on certain varibles it's not one size fit's all.  For example electricity... that varies a lot and home miners will see some should mine ... some should not.  Same with VAT some countries have some that kill mining profit.

Cloud mining is a lot of strategy to.  With the different kinds of cloud mining, you have to decide do you want one that buys gear? Do you just want less and get one that sells GHs.   What price are you willing to buy in at?  What price is your sell price?    It goes on and on.

But your right mining does not mean profit.  But it does not mean loss either.  It all depends on certain factors that are different for everyone.   And your bringing having into it which will effect it no doubt... but no one can give a good speculation of factors at having yet.

You can have or profit or loss. So your expression is game of words. As the most of your post. As I told in my posts. Mining is not profitable in every kind of point of view. Not because cannot be earned. But because has to many unknown factors which can, in every moment, make you loss forever. So the risk is so high that don't mine it is the best choice.

I mean no game of words.  Just that it is not a blanket statement of profit or loss for everyone.  I wont go into it again since it's a post up but look at all the individual variables.  You cannot group all miners together in any statement ROI.     And I do not mean either is guaranteed, as they are not.  

I realize my possible risk on each investment mining or other.  You should always try some ROI math.  Do you mine?  I just don't feel like you are a miner most likely.  And nothing wrong with that mining is not for everyone.

*Edit posting here as I don't want to just keep a long set of posting, and turn into a posting battle.

Read below what he is missing experience in is asic mining.   It has changed drasticly from GPU day's where you could get 20+ change on difficulty.    If you would like to see some current and real difficulty changes look at bottom of page here: https://bitcoinwisdom.com/bitcoin/difficulty   .  But best of luck to him as everyone is allowed their own views even if dated.

And again I'm not pushing anyone to mine.  Do your own ROI math always.  I make 0 if you mine or dont mine.  I do it as I love it, and have been able to do so successfully. Others do not love it so it is not for everyone.

*It appears he want's to post an post again and again.  Look at the total hashrate it is very hard today to do like in the day's of asics now to do a 20+ difficulty, we have had nothing like GPU difficulty changes in recent times.   But I can only point to something for someone I cannot make them read it.  With not mining since GPU it is a very dated ideas in my opinion.  I don't think he realizes the amount of gear it would take for " more than 10% every 14 days."  in today's world and current hashrate.  Were talking about a huge operation and investment .... over 10 percent today on a single change just has not happened Nov 05 2014.  Look at most current jumps they are quite a bit less - https://bitcoinwisdom.com/bitcoin/difficulty.    But make your own opinion's as i suggest always for everyone to research before any investment.

With last purchase of his being a refunded bfl jalapeno I can see he would not share the love for mining as I do.  I do love mining as many others do.  But again it's not for everyone.
5016  Bitcoin / Hardware / Re: ANTMINER S7 is available at bitmaintech.com with 4.86TH/s, 0.25J/GH on: October 24, 2015, 06:42:15 AM
Check this out (from pcfli, who might have the inside track):
https://bitcointalk.org/index.php?topic=934581.msg12769055#msg12769055

New batch is apparently in 10days and will be deprecated to 3.5TH-probably in lieu of the competition that will have a ~3.3Th machine for a bulk price of what was posted here already (very low indeed if it is true).  
I sincerely hope they would seriously reduce the S7 "lite" price even if this would kill the aftermarket price of S7 "large".
Or, maybe they already have a 14/16nm solution?


I think its something like the batch 2 being the rejects from Batch 1 except even more unstable at higher freqs than the batch 2's... therefore they have to really drop the clockrate to get the 3.5TH/s and stability

Those units that do not make the advertising claims of 4.8TH/s are money thrown out the window if they don't make them work somehow. So it would make sense to throw them through a rework process, if they still don't preform, then lower the clock rate and look for the stability sweet spot and sell them as a de-rated S7.

The S7 B2's were de-rated to 575Mhz clock, maybe the S7 B5's are the real flunkers and are clocked for stability at 500Mhz clockrate.

Before tossing the ones that don't meet spec into the hopper and take the loss, I would re-work them and look for a workaround to recover some cash from the QC fail units.

Can anyone else confirm this?  Saw I was beat to posting.  Just wondering if anyone else is getting same info seems like a big jump down if true.  I wonder what design is if they lose over 1T
5017  Bitcoin / Hardware / Re: ANTMINER S4 Discussion and Support Thread on: October 24, 2015, 06:36:32 AM
My main concern is noise in a share house so I'm keen to get smits up and running but if it's too complicated I better try the standard FW first I suppose.

Honestly if your main concern in noise I would avoid S4's.  They are 2 TB machines that are not known for being quiet in most cases.

What part of it was to complicated?   I personally only used Smits firmware when nicehash was doing well over BTC, but that does not seem to happen to often now.  It's at negative 10 percent on sha256.

But it is a custom firmware he did very good at making.  It should be just flashing firmware. (Yes all firmware flashing has possibility of going wrong I suggest on S4 make a backup of SD before flashing).
5018  Bitcoin / Mining speculation / Re: Is mining dead ? on: October 24, 2015, 06:32:19 AM
In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump.   I also think less people rent MRR then they use to.  A lot tend to use nicehash which pay is low a lot of the time. 

You need to look into BTC mining more.   It is far from dead, and only dead if high electricity or high vat.
Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC.  It no doubt can make you more money if you get lucky or had some great strategy.  When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine.  Most alt coins that are worth mining are Scrypt.  There is just a bunch of old asics besides a few SF100's that made it to public.  Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear.  What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?
I just suggest in general that mining alternate coin may be a good idea. There are still many SHA256 coins that can be mined like Trinity or you can used multipool to mine the coins. That's also fine I think. On the other hand, Yes there are some risks when playing with alternate coin but with steady project like BURST, NXT, HYPER,... (don't mention about mining here just want to show some examples about stable coins) I think it's totally worth.

I thing the value one coin doesn't really say anything. If you got that much mining power, you can probably ( just probably) make equal to the amount of bitcoin you mine or even more. In some cases, solo mining can give you even more income while solo mining bitcoins is quite impossible unless you got a really really really big farm


Show me a SHA256 coin that is constantly better to mine then BTC.  I think you either are not a miner, or possibly doing something wrong.  Mining SHA altcoins... just does not make sense for almost all.  You would be better off mining BTC and buying alt's ins most cases.   But I still think BTC is best sha coin long term.

Can you show profits personally from constant mining of alt coins in sha?  And you mention some I'm pretty sure you did not try.... burst I looked into mining my HD on 2 TB's a month leaving a big computer on it ran at a loss and made a few bucks a month.  You throw out coins but I don't think you have done the ROI or done it personally.  But I could be wrong.  Please show us your past trading that made it better then BTC on mining.
5019  Other / Beginners & Help / Re: What is the best Cloud mining Site? on: October 24, 2015, 06:26:37 AM
Cloudmining was never profitable. I have some small investments in different sites for almost two years now but never did i make money. High maintenance fees and mining difficulty eats up your payouts plus almost all cloudmining sites turned to scam later on. Just hold on to your coins Smiley

did you sell your hashpower at some point? because as it is right now, cloud mining is not about sitting there and waiting for roi

it is now very similar to trading, you need to sell your hash after some time to have  aquick roi, and buy again when the price fall, repeat

Yes i sold all my ghs recently as they were depreciating in value and rewards dropped. The company released new hardware and people are dumping outdated hashpower. By my calculations coins mined plus the sale i'm still at minimal loss. You are right i should have traded and monitored everyday price. My other cloud investment is a lifetime contract and you can't sell or trade hashpower. A year ago payouts were okay but now it only pays trickles of btc's in my wallet and i don't know if i ever will ROI. The rest turned to ponzis and scams..


I personally would avoid anything that say's "lifetime" or anything like that.  Because we know no miner last's a lifetime they have a certain lifespan.  

I think being able to sell hashing power is pretty important.  Without this there is not much strategy on it.  It's almost like gambling as I'm not sure who can get a good ROI equation on "lifetime".  I sure cannot predict that far in crypto world.

Right Mate. I was new to crypto then and was blinded by their marketing strategies..

As I told in one of my previous posts mining is not profit. Whatever you do and whenever you do about it: at home mining or cloud mining. At home mining needed expensive dedicated hardware which costs to much and even you have much earnings at the beginning everything go to repay the hardware. Then the difficulty rise and the earnings drop. Si you will never arrive at break even. The same with clod mining. They who sell ghs know all that and make their calculations to not lose them. So here the possibility to earn something is even less. Must earn the owners of site which give the clod first. There it will be nothing from you. Even the possibility of selling ghs is nothing. All the factors are connected with each other and the price of the sell will be never profitable for who buy, and maybe even for who sell.

If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days.

Even this have less probability to be verifies because of halving (is supposed that to many miners leave mining because of the halving of the amount produced and as a consequence less profits) no one can  know if this can be true for sure. Who knows which factors can enters in the market and make again the rise in big amounts.

There are many that break even and even ROI.  It takes smart strategy.  It in no way is a guaranteed profit. I personally do mostly hardware mining as I have mentioned many times I enjoy playing with the gear.

But you cant make blanket statments saying you will never break even.  Mining is so dependent on certain varibles it's not one size fit's all.  For example electricity... that varies a lot and home miners will see some should mine ... some should not.  Same with VAT some countries have some that kill mining profit.

Cloud mining is a lot of strategy to.  With the different kinds of cloud mining, you have to decide do you want one that buys gear? Do you just want less and get one that sells GHs.   What price are you willing to buy in at?  What price is your sell price?    It goes on and on.

But your right mining does not mean profit.  But it does not mean loss either.  It all depends on certain factors that are different for everyone.   And your bringing having into it which will effect it no doubt... but no one can give a good speculation of factors at having yet.
5020  Other / Beginners & Help / Re: Where can I invest? on: October 24, 2015, 06:19:28 AM
Invest in bitcoin if you believe in decentralization. Freedom is the winning spirit that would make bitcoin the future.

BTC has actually been a pretty good bet the past few weeks.  Just holding from 230 it remained there for longest times.

Now we have a almost 50 dollar bump per btc... that add's up.  So I would consider just straight BTC holding as of right now (assuming it does not jump back down which nothing can promise)

It's a jump up from 230, sure. A lot of people bought 500+, which is a horrible investment so far (stock market has well outperformed that).

If you bought for 500+ yes it would have been a horrible loss.   Or even higher.   I'm just comparing to recent.  I was there during the day's of high prices.  I could be seen as smart or lucky depending.

During those I had almost all investing into mining rigs... so if they turn a ROI in amount of BTC... it did not matter 1000 per coin or 500 per coin... having more btc then you started with is always a good thing.  I consider myself kinda lucky as I was so much involved in the mining back then, and also I did not use MT Gox to hold for me... so there are multiple things back then that made me last to current day's and feel good with my investment.
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