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Bitcoin / Mining / Re: Hi all, i need some help with my Thesis
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on: May 09, 2016, 06:32:03 PM
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You need to tell us in which country you live. Because if it isn't someone who's living in your country, results might not be exact, because of the electricity price, of the heat, etc.
I am in Ireland, i am not sure is anyone else here from Ireland here mining. Would it matter what country i am in when i just need the data of actual bitcoin that was mined. I can adjust it then for electricity prices in my area |
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Bitcoin / Mining / Re: Hi all, i need some help with my Thesis
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on: May 09, 2016, 03:23:26 PM
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Mining calculators work on statistical modeling of expected earnings. There is no guarantee of actually making the expected earnings. For example, had a user been mining on my pool since it began, they would have made approximately 25% more than expected values. Looking at Kano's pool, you can see a lifetime earnings of over 106% of expectations.
Yes i was thinking that which is why i think i need some real raw data to work off. |
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Bitcoin / Mining / Hi all, i need some help with my Thesis
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on: May 09, 2016, 12:13:03 PM
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Hi all so here is my story, I decided to do my Thesis on the profitability of mining for bitcoin in the country i live. I already knew the answer before i started but i thought it would be an interesting project. For my research i decided to buy an antminer s5 and began my mining journey. After about 3 days the wife was getting freaked out by the noise and she was sure the house would burn down so i had to put a stop to things. The problem now is that i have no data to back up my research. I was wondering if any kind souls here could help me out with some data maybe from the last 6 months i could use for research.
Thanks
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Bitcoin / Pools / Re: [20 PH] ** 5x AVALON6 GIVEAWAY ** Kano CKPool (kano.is) [0.9% PPLNS] US,DE,SG,JP
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on: February 10, 2016, 10:07:39 PM
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Ok i set my worker as Kano.myusername is this correct. Should i see my worker on the Kano.is site soon. Sorry for the questions this is my first time mining.
No, that will send all your mining to me  Your worker should be yourusername.workername e.g. niallo27.worker Edit: yes also just "niallo27" on it's own will work Ok cool and my workername can be anything i want |
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Economy / Economics / Re: Is Bitcoins safe?
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on: December 06, 2015, 08:06:51 PM
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bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not. It could be vice versa as well imagine if someone bought bitcoins at $394 which is current rate and after few years he or she finds out that the value of Bitcoin is $1000 ? The reason behind my point is the pace at which BTC has grown I started buying bitcoin at 300 euro and now its over 360 and that was only a month ago. |
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Economy / Speculation / Re: Sell now and buy again at $1300.
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on: December 05, 2015, 04:05:16 PM
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I can see the op point though. A big price gain like this would mean serious respect and power for bitcoin overall and it would still be early enough to invest.
I don't see how this would be a good idea. What about the profits you could've made if you were just to hold right now? Maybe when you're investing in different markets, this would work but not if you're just in it for bitcoin. Yes but think of all the money you would save IF bitcoin never takes off and slowly drifts away to nothing. |
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Other / Beginners & Help / Re: Quick question
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on: December 02, 2015, 10:52:04 PM
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I am finding it hard to get one in europe though so will have to pay a bit extra to get one over here, unless you know any decent place to get one in europe.
You don't need to have an escrow to be near you. The escrow can just hold the Bitcoin until either you confirm the receipt of the goods and they are as advertised, or one of you disputes. Of course that escrow will probably need information and proof like pictures, video, and tracking numbers. If they only hold the Bitcoin, then they do not need to be anywhere near you. No i meant i am finding it hard to get an Antminer in europe not an escrow. Thanks for the help guys, he probaly knows this place anyway if he doing a lot of mining himself. |
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