If I did the latter, I'd be investing an amount more than equal to my total miner profits ever (given BTC price at time of mining) in a SINGLE machine.
Keep your profits tight. Wild difficulty increases, so mining is not a sane option, and also problems with securities everywhere, so even investing is too risky. Keep them for now, invest up to 1/3 of them when the market is safer. Will difficulty ever stop increasing? In the near future? Somebody recommended that I buy Difficulty Futures at ICBIT.se. Given that I have a lot of BTC to invest, and currently not doing much with any of it, do you think those would be viable? A lot of bitcoin you say? You should consider Cex.io. They will be able to give you hashpower to use on the spot for bitcoin mining. As long as you follow it closely and keep your mining power in sell orders at a gain, you will always see mining income on top of gains from the spread...just make sure to pay attention to the market as if you start to ignore it, it may drop in value and you will face a net loss. However I did pay attention to it and was able to make 2 almost 3x my money because I was able to mine with accumulated bitcoins then resell them back out...not like physical hardware where you have to list your items for sale and hope that someone buys them with the selling house taking in auction fees or seller fees.
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I accept broken usb erupter donations...will convert them into decorative bitcoin pins to be resold for the same value as a working erupter.
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I am not a miner myself. However, as far as I understand from the charts, mining BTC has not been profitable the last months. Actuall the profit margin is abt -500%! This means the cost is 5 times the profit. I have previously believed that the mining cost would align itself close to the bitcoin price, due to people start mining when profit is good, and leaving it when its negative. Apparently this is not the case - or? Would like to be enlightened on this matter (I find it very interesting).
blockchains stats work out to to posit each gigahash is approximately 600W well we all know that lately asic vendors push <1 watt per gigahash. Your figure is incorrect.
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Maybe today!
drools wishes he didn't sell last week
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I looked at your website - the cost of your single blade is a half a bitcoin less than the cost of an Avalon mini...only difference is roughly 5.7-6X the hashing power.
in stock and shipping now: https://bitcointalk.org/index.php?topic=303640.0Wow - you're still profiting of the stupidity of people not realising they will NEVER make 1.95 BTC with that crap. Amazing. CGminer dev or not...if you're stuck on mining btc only you yourself are acting like a dinosaur. You need a comma in there somewhere because that sentence has two meanings. 1. CGminer dev or not...if you're stuck on mining btc, only you yourself are acting like a dinosaur. (talking about mining btc in general) 2. CGminer dev or not...if you're stuck on mining btc only, you yourself are acting like a dinosaur. (talking about mining btc as opposed to mining something else)I think from frankenmints POV any personal mining is worthless, we should just be buying and selling BTC or using cloud mining in addition to Mining Bitcoin as long as possible then mining alt coins once you are seeing less than .01 BTC per diff change.
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@frankenmint : i give you 1gh/s (i signed up ) Btw Cex.io is pretty good, thank's for the discover frankenmint Thank you friend indeed props for that one.
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2ndary market for block erupters for gifts I think that's cooler then then have to learn about it on their own and figure out what the heck the thing does and what its for. if they are clever and figure out to solo with it and for the sheer luck of things hit a block now which is roughly under 4500 dollars they are super winning. Its cooler than buying lotto tickets for them instead that's for sure. I'd say give them the paper wallet and a block erupter so they're interested in it. Or the $30 dollar paper wallet is cool too if someone is casual and would never be interested in btc.
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I looked at your website - the cost of your single blade is a half a bitcoin less than the cost of an Avalon mini...only difference is roughly 5.7-6X the hashing power.
in stock and shipping now: https://bitcointalk.org/index.php?topic=303640.0Wow - you're still profiting of the stupidity of people not realising they will NEVER make 1.95 BTC with that crap. Amazing. CGminer dev or not...if you're stuck on mining btc only you yourself are acting like a dinosaur.
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I looked at your website - the cost of your single blade is a half a bitcoin less than the cost of an Avalon mini...only difference is roughly 5.7-6X the hashing power.
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I wonder how my miner is enjoying Ohio, now that it has spent 2 days there.
Maybe it is seeing the sights and visiting a few museums
did you call DHL? Yes it cleared customs and it will be here Monday or Tuesday, whenever they get around to it. What he said applies to me too...Canary is acting like I DIDNT make the phone call.
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Is there going to be a updated bertmod ? The saturn i have running shows a nice 265 Gh on average so i do not want to mess with it too much However it would be nice to have those extra stats showing some info about the errors and such I read about bertmod and was mentioned you need the same version as you use on the miner however mine is 0.96 and could not find a matching bertmod yet.
is your name Bronan as in = CONAN for Bros? Its pretty catchy if so.
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Here's how I see it play out: buy buy buy hardware no matter what. This is a situation where cryptominers will have a lot of hardware to be utilized but there are no other major coins gaining promimence yet. All those people who bought hardware are driven towards utilizing it long after bitcoin difficulty is sky high and thus a new cryptocoin champion with lesser difficulty like that of lightcoin but geared towards sha256 (it is appearing that ppc coin is becoming this champion slowly (faster than the likes of butterfly coin, asic coin, joulecoin, freicoin, and terracoin anyway)) will be around for us miners with gen 1 hardware to utilize to see mining revenues. All those folks who say....buy and hold....these folks are in it for the immediate profit and exit (like Venture Capitalists). I am not discounting them, their points are very valid if you are in this for profit only and want to buy in at a "hopefully" low rate and watch the price explode. However if you buy and then sell at the gain...you see profit and that's it. With hardware, you see less profit initially, but your hardware is here to stay. I promote Cex.io all the time, but even for them, the drawback is that while you're buying a demonimation of the processing power form their hardware, you will only see gains from btc. That is, you cannot buy hashpower from cloudhashing, or cexio and be able to utilize it towards one of the altcoins with a potentially higher payout when the exchange price increases for a given alt.
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Hoping this answers your question better than above: A few months back before getting more mining gear I was running two Spartan x6500s ( http://fpgamining.com/products/x6500-rev2) I had them running on mpbm. (before using a stratum proxy, perhaps it may work differently now...I'll try it and let you know what I find) I found that when attempting to run BTC pool AND alt pools at the same time on the hardware, that while they seemed to all mine and play nice at first, eventually, one of the blockchains will take over and hog your hashrate. I had been running bitminter as well as a terracoin pool and a freicoin pool all within the same instance of mpbm. Within a day, Freicoin had taken over my entire hashrate despite terracoin and bitcoin pools running. So then I figured it was related to the pool and decided to switch over to something else like just terracoin and bitcoin. Within a day, surprise surprise, terracoin had taken over my hashpower altogether. That is when I figured out that you should only mine one blockchain per instance of miner software running. Now that I have more hashpower in the form of a 60 block erupter array, I am mining the be's on BFGminer (mining gigahash.io via my Cex.io account so that I can easily convert earnings to hashpower on the spot) while still instituting mpbm on the fpgas with them mining joulecoin.
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Sure Cex.io is worth it (My knowledge so this is a referral link)
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Changed email on mtgox, but there was nothing stating that I changed my email. Now I have a question about withdrawal, so what email should i put down in the request ticket?
open two tickets put both emails on each along with the trx id by going to both boxes you are assured to get the ticket
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WTS 150 Joulecoin for .25 BTC
Edit: had a dyslexic moment there, thanks Grogorash.
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its feeling like september 30th all over again for me here
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15K down the drain at least over a broken sump pump.
I'm surprised that no one thought maybe he is hosting groupbuy hardware and dispersing payouts.
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I recommend something like btcguild which has the largest share of the pie so you can certainly see a payout. What the other guy was pointing out above is that "in theory" you should get the same amount of coin given:
your pool isn't too small your fees are zero percent You can merge mine for a little bonus in extra coin to be gained
However I think that in practice, larger pools solve more blocks more often than smaller pools and so you may see a larger payout from having more hashpower on a smaller pool but the amount of blocks solved is likely to be smaller per day and thus your payouts will be less. This is my opinion and I am looking for a more clear answer as well which is why I decided to share my experience.
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