You have been informed of the solution you chose not to use the solution.
I have looked at that solution and is appealing but for me at the moment not an option
A pool like arsbitcoin pays a fixed amount for every single share regardless of how long or short the block is. It can't be hopped. It is 100% fair. Nobody gets paid more. Nobody gets paid less.
True but this makes it even harder since the payements are much lower so getting even on these pools will take a lot more power and time. I earned at this pool 0.12 BTC a day..... to compare i made at bitclockers about 0.21 btc
Still hopping didn't bankrupt you.
I think pool hoppng is damaging to bitcoin in general, the ones hopping benefit ofcourse but it discourage others to tip in.
E0.34 per kWh is simply impossible to break even. You used a calculator right?
I am still truggling to get from the electricity companies the real price per kWh. I was under the impression it was E 0.23 but then i got another bill and 5 more later on all different periods and aimed at making it hard to calculate exact what you must pay.
Would you believe me they still not given the real price till today.... so its either E 0.44 or 0.34 but every company i wrote still have not answered the question proper.
They simply refuse to give straight answer... but in coming weeks i should receive the bill over the last year, funny enough even though the woman could see the total she refused to tell me the amount .....
Our country is a tax/governement hell you pay tax over and over again by that i mean they count tax over electra and then add energy tax , then they add transport costs, meter costs, and at the end they let yoy pay another 20% over the total.
Top of the line rigs gets 2MH/W.
It takes 6607064156 MH on average to generate one block. @ 2MH/W that is 917 kWh.
If you are paying E0.34 then thats E312 per block in electrical costs.
To break even (no profit and free hardware) a BTC would need to be worth E313/50 = E6.24.
I did the maths as well, simple said i do not have a 3x 5970 rig, it would be even very hard to find one at all or they ask very high prices
And even if i would find them i do not have the money, so yes i had some fun doing this but its a very expenssive hobby.
Why do people fail @ business and them blame everyone else. If you started a business that sold 5 Euro Bills for 1 Euro you likely would also go out of business.
First of all when i came into contact with bitcoin it was hovering at $8 untill some people spread fear into the community again by stating that mt.gox takes their bitcoins and more of this bad news. Which made it even fall deeper in short time its like the financial markets one starts yelling and tons of people start selling out.
Now this is a statement about failing business is which i really do not understand nor support, these days its really hard to do a succesfull business. At this moment i would not dare to start one just because you have to compete against the big multinationals ...
Even if you setup something good its darn hard to keep it alive because of taxes and enormous competition from the bigger chains
... every shop owner i know went out of business because the big chains slowly take over.
We all shop at the supermarkets which are probably all owned by the quote 500 people, the small retailers disappear because these giants taking out any and all competition. The only shops who still can stay alive are in the service types (barber, dentist or whatever)
Even farmers flee our country and goto either canada or australia because they simply get nuts of governement rules and taxes
Now you can say you can start a internet business ... lol even a bigger joke..
You can only succeed if you have a new concept or super idea.. if not forget it you simply can not compete with the big ones which are established.
I look every day at a site which sell stuff from bankrupt or ending companies the list is huge and every day growing bigger.
The current neverending profit model economy is just good for the biggest and rich who can afford to loose some.
Another thing which for me made a huge impact is that 12 years ago, i was having a rather good life
I could drive a new car , go on holiday, have some quality time in some nice restaurants, bars and other good things in life. Then we entered the eu.... and since that most of the people i know life to pay the bills ...
Some things got cheap indeed electronic shit enough and cheap as hell but i can not eat that... for instance i saw a watermelon (5 kg) at the grocer costs 24 euro .... thats half the money we have weekly for living left after the major bill get payed.
Yes the energy, water, taxes (demanded by law), insurances (demanded by law), health care (demanded by law) and last but not least our house (1000 euro a month rent cause we earned 2 euro too much for get into the cheap houses) these alone eat nowadays 70 % of our double income and we can do shit about it.
In most cases if you stop paying you get the nice guys at your doorstep and you end up in even bigger problems. And we consider ourselfs normal earning people, these days more and more people end up living under bridges and such or making an end on their lifes just because they can no longer pay the greed from governements, insurance, banks and multi nationals.
On paper the banks, water, energy, insurance companies are private.
But look a bit closer on who owns the most shares you'll see ... in our country most of the time 50% or more is owned by the governements in whatever form...
So yes i try to find a way to increase my income a bit, and since bitcoin is a concept i really like i took a look into it.
The guy who introduced me to bitcoin forgot to mention he does not pay his own electra bills.
All my money which i spend on securing my old days have been stolen by my lovely governement as well, or has been vaporised by the all the fraud and crisis over crisis the failing and greedy bankers which still pay huge bonusses these days. They still live large on our stolen money which they got from again the same governements...
