Puppet (OP)
Legendary
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Activity: 980
Merit: 1040
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October 01, 2013, 09:22:43 AM |
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Ive been keeping an eye on bitfury's pool here: https://ghash.io/Its been steadily but slowly growing from 175TH to 200TH over the past few weeks, it gave the impression they were adding hashrate to maintain a constant % of the nework. Now its accelerating, and fast. 235TH atm. Has anyone made a chart of this? |
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goxed
Legendary
Offline
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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October 01, 2013, 09:23:52 AM |
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Ive been keeping an eye on bitfury's pool here: https://ghash.io/Its been steadily but slowly growing from 175TH to 200TH over the past few weeks, it gave the impression they were adding hashrate to maintain a constant % of the nework. Now its accelerating, and fast. 235TH atm. Has anyone made a chart of this? They are sellling on cex.io cex.io |
Revewing Bitcoin / Crypto mining Hardware.
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klondike_bar
Legendary
Offline
Activity: 2128
Merit: 1005
ASIC Wannabe
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October 10, 2013, 01:59:44 PM |
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they are a 200TH private pool, selling/renting something like 3TH on CEX.io
the additional 35+GH is from people adding thier own miners. Ive personally pointed my 40GH bitfury and a 2GH block erupter cluster at the pool. (0% fees, frequent block finds)
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fsb4000
Legendary
Offline
Activity: 1400
Merit: 1000
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October 10, 2013, 02:06:28 PM |
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they are a 200TH private pool, selling/renting something like 3TH on CEX.io
the additional 35+GH is from people adding thier own miners. Ive personally pointed my 40GH bitfury and a 2GH block erupter cluster at the pool. (0% fees, frequent block finds)
ghash.io has 3% fees, not 0% ! PPLNS 3% ! |
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viriat0
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October 10, 2013, 02:20:02 PM |
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But 0.21 for 1gh/s?  |
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ErebusBat
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October 10, 2013, 09:51:07 PM |
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But 0.21 for 1gh/s? No shipping or power costs. You get it TODAY. Time is money.... |
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AussieHash
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October 12, 2013, 10:43:28 AM |
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370.22TH now
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manrus
Legendary
Offline
Activity: 1334
Merit: 1004
TTM
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October 14, 2013, 02:22:13 PM |
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370.22TH now
453TH  (83TH for two days) |
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alexout
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October 19, 2013, 05:16:41 PM |
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Not sure if I'm doing it wrong. But doesn't look profitable at all. The price of ghs seems way too high.
For 0.1414 ghs per btc, you get 14 ghs for 100 btc which makes you 2.25 btc back over the course of a year loo. Am I missing something?
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Rannasha
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October 19, 2013, 05:53:36 PM |
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Not sure if I'm doing it wrong. But doesn't look profitable at all. The price of ghs seems way too high.
For 0.1414 ghs per btc, you get 14 ghs for 100 btc which makes you 2.25 btc back over the course of a year loo. Am I missing something?
The price (on cex.io) is the other way around, 0.1414 btc per GHash/s. But still too expensive to earn the coin back. |
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bbxx
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October 19, 2013, 07:40:36 PM |
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But it will hash your lifetime  No electricity cost, hosting fee, overseer time etc It is like putting gold in the hole at the garden |
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Rannasha
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October 19, 2013, 08:56:20 PM |
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But it will hash your lifetime No electricity cost, hosting fee, overseer time etc It is like putting gold in the hole at the garden That doesn't mean it's a worthwhile investment. If you assume that the difficulty grows with 20% every adjustment (which is super conservative, since we've had 30% jumps on average recently with the last jump 41%), 1 GHash/s will net you a lifetime total of no more than 0.13146 BTC. Of course, difficulty will stop increasing so rapidly eventually, but by then your income will be so low that it hardly matters anymore. Even if you earn your money back in such a scenario, it will only happen after a very long time and at the point that you've earned your money back, you will receive very low payments, so your actual profit will grow very slowly. Investing in any form of mining today is throwing money away. |
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fsb4000
Legendary
Offline
Activity: 1400
Merit: 1000
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October 20, 2013, 05:12:38 AM |
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ghash.io lowered fee Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses. |
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koalana
Newbie
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Activity: 27
Merit: 0
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October 20, 2013, 08:19:44 AM |
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It has to be th easiest method to begin in bitcoin community via their CEX model. I love it, no electricity costs, no broken fans or burnt out boards, just a guaranteed amount of GH.s And it's more fun too. http://www.seolvit.wix.com/seolvit |
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Puppet (OP)
Legendary
Offline
Activity: 980
Merit: 1040
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October 20, 2013, 08:33:06 AM |
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It has to be th easiest method to begin in bitcoin community via their CEX model.
I can think of easier ways to throw away BTC. cex.io is a neat idea, but the problem is ultimately, the only seller of GH is bitfury. Why would anyone expect them to sell below their expected mining revenue? Its just a good way for them to sell some of their hashrate to the biggest fools. |
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Puppet (OP)
Legendary
Offline
Activity: 980
Merit: 1040
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October 22, 2013, 06:03:20 PM |
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ghash.io now at 630TH. Id love to know how much of them is their own hardware, and how much from miners just using their pool. Anyone have a clue?
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spiccioli
Legendary
Offline
Activity: 1379
Merit: 1003
nec sine labore
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October 23, 2013, 10:19:00 AM |
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ghash.io now at 630TH. Id love to know how much of them is their own hardware, and how much from miners just using their pool. Anyone have a clue?
No clue, but I'd say 400 TH/s are made up of BitFury's own hardware, the rest miners, since BF reached at least 250 TH on its own last month, before starting Cex.Io. spiccioli |
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fattypig
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October 23, 2013, 03:08:10 PM |
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cex.io (referral link), just my advise, don't buy any GH/s at the price of 0.11 BTC. The difficulty increment is 50% in 2.6 days. The price would drop to around 0.05 BTC. Thats the right time to buy it
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