Sad for all those people who moved their Bitcoin into Altcoin  how do you figure Gut feeling. How did you figure? |
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Sad for all those people who moved their Bitcoin into Altcoin |
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So I did a quick calculation and it appears your average price will be 0.12 per kwh (I based it on low rate weekends and 12 hours per week day at high rate). I plugged in the numbers and right now it's just not profitable for you to mine Bitcoin. The good news is that with the recent price drop of Bitcoin, you can always buy some and hold it!
Thank you for your help xhomerx10,I was having a hard to doing the calculation of my average of our electricity. Thank you for doing it for me  . What if mining an alt coin? would I get any profit? if so what type of alt coin should I mine?. I already thought I was already late on mining Bitcoin but is their an alternate way to get an income other than investing Bitcoin and selling it in high price?. Actually I'm doing RaiBlocks captchas right now but I don't think I can profit that much. Thanks It's best if we don't discuss Altcoins in the Bitcoin mining thread since it contravenes the rules of the board. I don't have much to do with altcoins either - I did mine some Zcash but it became unprofitable very quickly. You should open a new thread in the altcoin mining section. |
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Oh yeah, I should have warned you guys that price drop was coming. It always tanks right after I get a big invoice paid in bitcoins but before I'm able to cash out and use it. That pattern has been repeating since the big drop in early 2014 so it's a pretty good predictor.
Mining bitcoins is hard with power over six or eight cents. Over ten it's difficult even with the current best gear. It also doesn't help that the current best gear is priced so ridiculously high it'd take a most of a year to pay off even with free power.
I know exactly how you feel! I usually tell the guys at work whenever I'm about to buy or sell anything to give then a chance to get in or out as the case may require. The last time I ran any Bitcoin miners was when I had those 4 shipped to you by Canary. Since then there hasn't been anything worthwhile. I miss the good old days |
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So I did a quick calculation and it appears your average price will be 0.12 per kwh (I based it on low rate weekends and 12 hours per week day at high rate). I plugged in the numbers and right now it's just not profitable for you to mine Bitcoin. The good news is that with the recent price drop of Bitcoin, you can always buy some and hold it!
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Hi, as said in the title I'm looking for a legit Hardware, my budget is $100-$300. I'm still a beginner and trying to learn mining, I have MacBook pro 2013 (Mid 2012, 2.5 GHz Intel Core i5, Intel HD Graphics 4000 1536 MB) our electricity cost is 0.18 at highest peak and 0.087 for the lowest peak. So whats the best thing for me to do. What what can I buy from my budget? Base on what I have and my electricity cost?. Thank you
Are your dollar figures for US currency? Sorry, it's in CND currency. I knew you were Canadian! You're so polite in your posts. This site has a list of the more recent equipment but the prices are in USD so be careful. There is also a link there on that same site for a profitability calculator which is also for USD (make sure you convert). It's not a straightforward calculation since you have time-of-day pricing for power but I would suggest averaging your cost over a 24 hour period and using that number as your cost per kwh (again after converting to USD!). If you buy a Bitcoin miner, you pretty much have to run it 24/7 because difficulty increases will make it obsolete in less than a year. |
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Hi, as said in the title I'm looking for a legit Hardware, my budget is $100-$300. I'm still a beginner and trying to learn mining, I have MacBook pro 2013 (Mid 2012, 2.5 GHz Intel Core i5, Intel HD Graphics 4000 1536 MB) our electricity cost is 0.18 at highest peak and 0.087 for the lowest peak. So whats the best thing for me to do. What what can I buy from my budget? Base on what I have and my electricity cost?. Thank you
Are your dollar figures for US currency? |
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I am pretty sure. This is an act by ANTPOOL itself lol. The OP only posted once and even after getting his money back didn't cared to say thanks to Antpool? I bet this is all done by antpool itself to show how good hearted they are  It was the ticket I opened pleading OPs case which was answered by Bitmain and it was that response that I posted here in the forum. Were it not for that post from me, I doubt you would have known about the socially responsible nature of Antpool/Bitmain. I have no connection with Bitmain or Antpool; I simply went to their website and opened a ticket on behalf of the OP. Stop assuming the worst as your thoughts shape your physical reality, my cynical friend. It is quite obvious antpool won't give anything on thier own as they already distributed the reward to miners.It is clear it's the setup by antpool to praise themselves Stop arguing and start doing something productive,as your work will determine your future,my arrogant friend. Well in light of this factual evidence, I'll open another ticket with Antpool/Bitmain asking them to close this thread as a selfless act of kindness to save the forum from my arrogance after which I will seek gainful employment. |
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There are unconfirmed reports of Ukraine building a radioactive ditch along the border with the rebel-held Donbass, using contaminated machinery from the Chernobyl forbidden zone. And remember that Iodine-131 is one of the major contaminants in the Chernobyl area.
It would be impossible for there to be any Iodine-131 on Chernobyl contaminated equipment now as the last unit was shut down in 2000 and I-131 is a short-lived fission product. There would still be some medium-lived fission products such as Cesium-137 but the recent report of widespread contamination over Europe was for I-131 and this must be from a recent fission process. This chart shows the relative contribution of contaminants to radiation level over time specifically at the Chernobyl site (taken from Wikipedia) :  I'm only disputing the I-131 claim. It might be some other form of contamination if your story is otherwise accurate. |
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There's no point in mining right now - just buy the coins while the price is down.
Yeah that is something that I am doing as well. Just thought of giving it a go. Well maybe this will help you decide. https://bitcoinworldwide.com/mining/hardware/Pay particular attention to the link on that page for profitability. |
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There's no point in mining right now - just buy the coins while the price is down.
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The only exotic coffee to me is civet cat coffee, the rest are all just coffee to me. Although I would certainly like to try some, is there a hard limit to order such huge amounts at once?
Certainly Kopi Lewak ranks at or near the top with respect to price due to its rarity but for me, any of the very-high altitude coffees or even Kona is exotic. It's very hard to beat a nice Jamaican Blue Mountain coffee. |
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Thanks for the information about your coffee. I really would like to try some but I don't want to be a distributor (or order 10 kg!). If you find someone to do distribute for North America, I'd be in for a bag or too; it sounds delicious.
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I'm slightly out of my depth here, so please forgive me if I'm talking rubbish.
My understanding of mining is this. The process starts with a miner grabbing a bunch of transactions and hashing them into a merkel root, a bit more stuff is added and the whole lot is hashed to find a target with a suitable number of leading zeroes. When it is found, it is added to the chain if another miner hasn't got there first. If he has, then the whole process has to be started again. With smaller blocks discovered at more frequent intervals, it would appear that there would be less wasted electricity used to generate blocks that are too late to make it onto the chain.
There would simply be more blocks that didn't make it to the chain and it wouldn't be Bitcoin anymore but some sort of altcoin. |
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I would like a test drive for simpleIPTV
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Is this instant, ground or whole bean coffee? If it is whole bean, what is the grade?
Even if you ship the coffee to a more local person for distribution, there will be further costs for shipping and while I think it would be cool to sample a can of Mbinga instant coffee (I'm assuming the can is instant since I've never seen whole bean coffee sold in such a tin), I'm not sure I'd want to pay that much for it on an on-going basis.
I usually buy Kenya AA+ whole bean coffee from a local roaster for ~ USD $5 for 250g (for comparison, I have to convert to USD and grams since I pay by the pound). All their coffees are single origin and they also sell a Tanzanian peaberry which I haven't tired for slightly more. It costs $12.50 CAD/lb and even if I look to buy organic, fair-trade beans, the Ethiopian Yirgacheffe (which is delicious) sells for $15 CAD/lb which converts to a little over USD $6 for 250g. So $10 for 250g seems a little too high unless this coffee is more special than you have described?
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Well it was a tongue in cheek question meant as a cleverly disguised dig at the Russians. Apparently so cleverly disguised, in fact, that its humourous nature even evades non-Russians. I'm sorry if I confused you. Russia's track record with nuclear technology isn't exactly sparkling.
What did you want to know about what I know of Fukushima? That an incident occurred or something more specific? I actually know a fair bit about the technology and I have extensive training as well as experience in the field.
Just curious. Does tongue in cheek work by finger in opposite ear? Only occasionally, usually after 3 or more night shifts in a row and with greater frequency each passing year. P.S. That was nasty  |
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As a young child I dreamt of being Superman; flying to the aid of beautiful women in trouble. I read every Superman comic book I could get my hands on, watched every Superman episode I could on the television. I would wear my superman shirt as often as it was clean enough (by my mother's standard as mine was not quite high enough it seems), only wear red track pants by day and red red pajama bottoms by night, took my Flintstone multivitamins daily and fought a never ending battle for truth, justice and the American way (even though I was not American at the time!). So yeah, anyway, mission accomplished. Holler if you need me; I'll hear it.
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Wow, that's a good analysis for someone who only dabbles in the tech as a hobby.
What I find strange is the lack of any follow-up articles on this occurrence - so perhaps there was no incident.
I don't believe Russia is glowing from radiation but they are never forth-coming with information when they have had major incidents. They never even declared an accident had occurred in Leningrad in 1975. They outright denied an accident had occurred when first questioned by Swedish authorities and they continued to downplay it even as the fallout was being measured throughout Europe. In this light, if there was evidence of a nuclear incident or accident dumping high levels of 1-131 on Scandinavia but no known cause, who should we suspect?
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