Close the data center. Dump all the hardware and run! 

I've been buying zen hashlets and scrypt MH/s from genesis since the beginning of October and so far the zen hashlets (plus 1 prime hashlet) are paying double what genesis scrypt mining is paying. I keep splitting between the 2 because I'm worried that zen is to good to be true and not comfortable with all my eggs in 1 basket but wonder if gaw manufacturing their own hardware gives them a big advantage. But double the payout? At 2x the payout buying mostly zen hashlets is very tempting.

Close the data center. Dump all the hardware and run!

Just playing. A dualminer doesn't make any money anyway. I have a Red Hat workstation running anyway so wondered what might be available. The dualminer is just for testing. Nobody should take a dualminer seriously. 

I will try this. Hopefully their is a version for my ancient pc and xp. Thanks.

I got my gridseed blade miner going with bfgminer 3.10.0 but cant get bfgminer to see more than 2 miners at a time.
I had it online with 2 of the gridseed 5-chip miners. The first time I ran it, it connected 1 blade out of the 2 in the blade miner and 1 5-chip. Both of the 5-chip miners had blinky lights that I think mean they are hashing but only 1 was showing up in bfgminer. I tried a variety of power on proceedures but bfgminer would only show 2 miners. I settled on not powering on the 5-chip miners so bfgminer would grab both cards in the blade miner. The blade is hashing nicely on both cards with bfgminer and the pool reporting > 5 MH/s.

I have the dualminer running with cgminer recommended on the dualminer website.

I have the gaw fury running on yet another old version of cgminer.

So all these miners except for the 2 5-chip gridseeds are hashing nicely to stated specs.

It was weird to me that as I tried different versions of miner software I kept getting failed to initialize messages until I tried the versions that just popped up and worked. I currently have 3 versions of mining software running at the same time on a windows xp pc. I think to get the 2 5-chip gridseeds going I'll have to do it on a different platform. PC or raspberry pi. This cant be right. Is it normal to run different instances of mining software like this or is their 1 that can run them all?

I must confess, I indulge in cloud mining. Every time I buy a contract or a hashlet it funds more hardware for the industrial miners. Fear you're right and the industrial miners are here to stay. Cloud mining takes all the struggle (fun) out of mining.  

I bought a box full of scrypt mining stuff. I have an old dell pc running windows xp home version.

I got a dualminer and Gaw fury hashing but having trouble with 1 gridseed blade and 2 gridseed 5 chip miners.

The usb hub driver is working for the other miners but the gridseed miners dont show up. I loaded VCP_V1.3.1 and CP210x_VCP drivers. I dont know if loading both is a problem or what usb hub driver is best for this. Is there a driver for xp that you know will work for these miners?

Also not sure which cgminer version is best for both gridseed types. What works in the .bat file used to start mining? I've only used cgminer so far. Should I setup a .conf file instead of a .bat? Do I still need a .bat if I set up a .conf?

Anybody?

Unfortunately My power isn't free and the utility company in L.A. raised rates not very long ago. The city council votes to approve or disapprove utility rate hikes because it is a city owned utility. They get 10% of what the utility company charges so although they grumble over rate hikes for the sake of their voters, they never saw a rate hike they didn't love. My S1s cost more for electricity than they make in BTC.

Even under volted they are close to breakeven. I'd love to hoard the coin but cant afford the power. Even at breakeven it's like borrowing money that I have to pay back when the power bill arrives.

My S1's are off.

My S3's are making a minimal profit vs. power costs and I keep them running because I enjoy mining in general but I'm not purchasing BTC mining hardware anymore. I have to sell what I mine to pay for the power. I dont mind selling because it's my small contribution to keeping downward pressure on the price of BTC.

I hope the BTC price keeps dropping until the industrial miners fold, difficulty drops and home mining is viable again.

I bought a box full of scrypt mining stuff. I have an old dell pc running windows xp home version.
what driver should I use to connect miners? cgminer has hotplug followed by a number in the bat file. How do I know what number to use?

I want to run a gridseed blade, 2 gridseed 5 chip miners, dualminer and a gaw fury. I have a powered usb hub and have used cgminer with a antminer u2+ in the past. Any complete setup guide links you can recommend to get me started appreciated? Wanted to set up the blade first.

I turned mine off awhile back. Power cost more than my average BTC mined. I was losing .88 cents a day on average per S1.

hyip, huh?

A difficulty decrease would be awesome but I'll believe it when I see it. I turned off all My S1s a while back. They were costing more in electricity than they were making in Bitcoin. Would make me very happy if I could turn them on again.

Where did you get the chart?

Invest in pork bellies Pay with Bitcoin!

I'm not so sure the big players don't need a big profit. They have investors that expect a return, facility payments, salaries, taxes and all the other expenses associated with running a business. While they may enjoy advantages that come with large data centers in favorable locations their competitors enjoy the same. Equipment manufacturers are probably in the best position for competing in the developing, new Bitcoin landscape but difficulty keeps growing like a bad cancer for them and the Bitcoin price keeps falling. They're not in business to hoard Bitcoins so they have to sell and this isn't helping the price rise.

Even if cloud mining isn't a scam it's going to feel like one when ever increasing difficulty brings the inevitable smaller returns.

What are you doing with your mining equipment?

Are you cloud mining instead? Both?

So home mining seems hopeless due to the growth of industrialized mining operations. But isn’t this battle of the titans going to end badly for them as well? With difficulty skyrocketing isn’t the profitability for these giants sinking fast. Cheap power and cold climate advantages are available to all of them. Specialized cooling systems. What happens when nobody but the giants are buying miners from Bitmain, GAW or any of the other manufacturers. The mining equipment manufacturers are all mining with large farms that are driving their customers away from mining. I suspect they will look back longingly to when they sold equipment to little guys like me. A large diversified market is a good thing when things go sour.

So they are all selling contracts for cloud mining, but aren’t all the cloud miners going to eventually yawn at the inevitable diminishing returns and walk away. Script won’t save them. Have you seen the new scrypt asic miners that Bitmain is going to start shipping by this December. Already sold out.

Will the giants come to an agreement to limit their activity to assure their survival or will their greed prevail. Some people will believe anything but my money is on their greed. Will they just mine for themselves? Are there enough new coins generated to feed these beasts? Will new technology arrive with even more power and the difficulty magically not rise? The downward pressure on the prices of mined coins will only increase as the giants constantly sell to pay their bills and salaries. Their expenses will not shrink with time. The price may continue downward. Why should it rise? Will everyone that actually uses Bitcoin switch to a coin that isn’t mined?

What about when the Bitcoin blocks get halved in mid-2016. Half the return. Overnight!

Do the giants have any choice but to charge down the road they are on if they want to stay alive. It appears there may be a cliff ahead. This can’t continue inevitably. Something has to change. I hope it is decentralized. Was this the plan all along. Bitcoin seems to be a self-adjusting system. Difficulty seems like a fuse. Were the creators of Bitcoin that smart? When the giants compete themselves into the ground and the difficulty slowly drifts down like dust and smoke after a battle, maybe some home miners will turn their machines back on. I hope so.


What do you think the future holds for the mining of coins?

As all miners know, ROI is painfully slow and mostly never but selling contracts provides quick, large amounts of cash. I think they are going for a quick ROI. Plus the constant fees.

What do you mean by "mining these spam transactions"?