So, can I earn Bitcoins here ?
Yes you can !!! re.2et.in (ReTweeting) now supports this feature. You can convert your credits, that you will earn by retweeting others, to Bitcoin.

I'm sure the credit system integrated with your website is working properly, however that's of no use for most of the people on this forum. In the end 9/10 of the people who are browsing posts like this are in it to earn bitcoins, hence I'm asking if that aspect is working properly.
It's not a personal trust issue, it's about this being the internet and scammers are everywhere. So until someone else rather than the owner confirms that it's working I will not invest my own time in it! However, as soon as someone confirms it I myself ( and I'm sure a lot of others ) will gladly join and contribute. Also as I didn't mention it before, +1 for the concept of the website, it's really clever.

Very good thread OP, however, can you confirm that everything you link is legit and that the sites are paying out, or are you leaving it to the individual contest hosts?

Gambling is definitely the most fun, but personally I'd never take that risk, it's common knowledge that you lose on average.

4.67 is definately a lot for a home rig.

Sorry I got my maths wrong.  It is drawing 1 kw unit per hour.

the site is very badly designed, looks fishy anyone using it need some feedback..!

why its already once drop to 450 and again came back on 850 and not again going between 650 to 700 but hope its fight back on 800

One of the best places I've seen for analyzing coins is coinwarz.com---great data, and great tools (tip of the hat to them).   Know your hash-rates, keep it simple and profitable, and just get started.   

Hi everyone,
I'm new here. My name is Michael and I'm from New Zealand.
I've been reading this thread with great interest as I'm also keen on the idea of starting mining for coin.

I should point out that I have only a rudimentary knowledge of cryptocurrencies, so please excuse me if I make a dumb remark or ask a question others all know the answers too.

Am I right in thinking the following ...
There are two basic types of coin, SHA256 and scrypt ?
The hardware used to mine SHA256 coins cannot be used to mine scrypt coins ? Antminer etc
The hardware used to mine scrypt coins can also be used to mine SHA256 coins ? GPU's

Living down here in the South Pacific, it can be difficult to get hold of hardware at reasonable prices. For example I see prices quoted for GPU's in USD that I can only dream about. The newer more powerful cards are marketed as gamer cards and are sold at premium prices ... a Radeon R9 290X 5GB card sells here for USD$720 !

I've watched a number of how to videos and read a few too. It seems to me that a 4 x R9 280X rig with a 1200 watt PSU should be mining around 1 litecoin per day or 0.02 bitcoin ... does that sound correct ?
I could assemble a rig like that for around USD$2800 ... power is about USD$0.20 per kilowatt hour. If the prices I'm seeing for litecoin at USD$18.50 and bitcoin at USD$716.00 are correct, then mining can be profitable over the course of a year.

Am I correct or barking up the wrong tree ?
All thoughts and comments appreciated

MichaelNZ

In which case you STILL have to be VERY careful about your programs etc.

blockchain.info's service is just a wallet that runs in your browser.  Any program that can steal your bitcoins from a wallet running on your computer can steal bitcoins from blockchain.info's service.

how will be btc transactions confirmed after 100 years?

Of course during this time, the block subsidy will be reduced by half (and rounded down to the nearest 0.10 microbitcoins) every 4 years.  So the 25 BTC subsidy that miners receive today will be reduced to 12.5 BTC in about 3 years.  Then that will be reduced to 6.25 BTC 4 years later, and so on.

In the meantime, the value of the total transaction fees of all transactions included in the block will increase over time as bitcoin gains popularity.  Eventually the subsidy will shrink to an amount that is less than the transaction fees.  At that time, the reward the miners receive will mostly come from transaction fees instead of the subsidy.

When the subsidy eventually shrinks to 0 BTC, mining will be entirely supported by transaction fees.

Nothing is forever!

In about one year there will be no mining ! How about that? Who is going to confirm the transactions? Probably me.

Thank you Sonny.