Bitcoin Forum
January 17, 2022, 09:54:18 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: Bitcoin Mining Help  (Read 979 times)
nururochac
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
June 27, 2015, 03:37:35 AM
 #1

I need to cough up like 400 dollars to buy the antminer s5 on bitmaintech.com. in the early days you could run off a server but if you compare the hashrate of the server to a bitmain asic(aplication specific integrated circuit) you will find that you are vastly outperformed. Your power costs would be way 2 high to make any profit. Tbh most mining operations are run by companies investors with massive infrastructures. I would suggest cloud mining if they usually didn't turn out to be a ponzi scheme. Hashnest is owned by bitmaintech so I am saving up to buy a few terrahash. Btw see my pm. Hopefully it will help us get started.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1642413258
Hero Member
*
Offline Offline

Posts: 1642413258

View Profile Personal Message (Offline)

Ignore
1642413258
Reply with quote  #2

1642413258
Report to moderator
1642413258
Hero Member
*
Offline Offline

Posts: 1642413258

View Profile Personal Message (Offline)

Ignore
1642413258
Reply with quote  #2

1642413258
Report to moderator
wadili89
Legendary
*
Offline Offline

Activity: 1106
Merit: 1000


View Profile
June 27, 2015, 04:02:50 AM
 #2

 cloud mining ? i just dont get it its just like "give me 2$ i will tell you how to earn 10$"  and the profit on mining depend on electricity cost at your country if i talk about my country there is no profit in mining in my country
satnof
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
June 27, 2015, 04:56:07 AM
 #3

kid, you're late to the party. That train has already shipped, and is out of sight.
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1005


In Satoshi I Trust


View Profile WWW
June 27, 2015, 05:30:30 AM
 #4

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0

pooya87
Legendary
*
Offline Offline

Activity: 2604
Merit: 5678


Blue:2017 Red:2021


View Profile
June 27, 2015, 06:58:58 AM
 #5

I need to cough up like 400 dollars to buy the antminer s5 on bitmaintech.com. in the early days you could run off a server but if you compare the hashrate of the server to a bitmain asic(aplication specific integrated circuit) you will find that you are vastly outperformed. Your power costs would be way 2 high to make any profit. Tbh most mining operations are run by companies investors with massive infrastructures. I would suggest cloud mining if they usually didn't turn out to be a ponzi scheme. Hashnest is owned by bitmaintech so I am saving up to buy a few terrahash. Btw see my pm. Hopefully it will help us get started.
what is this?
are you advertising or asking questions?
you say you need to buy, then answer yourself that it is not worth it and cloudmining is better!!!

make up your mind bro

Amph
Legendary
*
Offline Offline

Activity: 2842
Merit: 1040



View Profile
June 27, 2015, 07:47:42 AM
 #6

are you advertising hashnest or something, they do not need it we know they are among the most legit cloud mining, yet cloud mining remain unprofitable and roi is far too tough, for my taste

people want to roi in few weeks, this is why they always fall for ponzi and such with great return...
melody82
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
June 27, 2015, 08:06:52 AM
 #7

are you advertising hashnest or something, they do not need it we know they are among the most legit cloud mining, yet cloud mining remain unprofitable and roi is far too tough, for my taste

people want to roi in few weeks, this is why they always fall for ponzi and such with great return...

If you look at it this way, buying s5 hash on hashnest, you have a very good chance of roi.  The price of bitcoins would have to plummet to lose your investment.  I forgot the exact number, but roi is something like ~300 days.  This sounds crappy, but keep in mind you can sell your hash back when you are done.  If you can only get 50% for your hash, then your return would be 50%!  That is  a pretty amazing return.

of course you never can tell what will happen with difficulty and things.  Plus hash seems to be a little expensive there lately so you might have to be patient to get a good price.
Digitalmocking
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile
June 27, 2015, 08:28:20 AM
 #8

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0


I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point. 

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.
jonnybravo0311
Legendary
*
Offline Offline

Activity: 1344
Merit: 1019


Mine at Jonny's Pool


View Profile WWW
June 27, 2015, 04:50:36 PM
 #9

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0


I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point. 

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.
People have been saying how unprofitable mining is practically since mining began.  Like you, all of my gear has long since made back my initial investment.  Sure, my S3s are pretty much at the end of their life given current conditions (difficulty, exchange rate, etc).  That hasn't stopped me yet. Smiley

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
Digitalmocking
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile
June 27, 2015, 08:20:27 PM
 #10

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0


I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point. 

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.
People have been saying how unprofitable mining is practically since mining began.  Like you, all of my gear has long since made back my initial investment.  Sure, my S3s are pretty much at the end of their life given current conditions (difficulty, exchange rate, etc).  That hasn't stopped me yet. Smiley

Yeah, I hear you.

I'm about to build out a hosting operation in Washington state to host my own gear and expand my pool, but I'm pretty nervous about purchasing anything in the current gen of chipsets at his point. 
satnof
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
June 27, 2015, 10:30:32 PM
 #11

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0


I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point.  

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.
People have been saying how unprofitable mining is practically since mining began.  Like you, all of my gear has long since made back my initial investment.  Sure, my S3s are pretty much at the end of their life given current conditions (difficulty, exchange rate, etc).  That hasn't stopped me yet. Smiley

Yeah, I hear you.

I'm about to build out a hosting operation in Washington state to host my own gear and expand my pool, but I'm pretty nervous about purchasing anything in the current gen of chipsets at his point.  

The best way to do it is if you get a solar array...work out the chinks of how much squared space you need per panel and how many miners you can hook up to that thing at 75% output, consider favorable weather conditions depending on where you live. Even if you go to the desert you're still not safe, due to sandstorms and external phenomena.

If you do it off-grid it's a feasible and scalable operation. But you still need a hefty initial investment to generate enough money out of the system. Good luck on getting someone to fork you the money. I actually thought of pitching it to my local bank as an idea for an investment, but then again you need collateral in case btc takes a nose dive.
Digitalmocking
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile
June 28, 2015, 05:35:05 PM
 #12

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0


I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point.  

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.
People have been saying how unprofitable mining is practically since mining began.  Like you, all of my gear has long since made back my initial investment.  Sure, my S3s are pretty much at the end of their life given current conditions (difficulty, exchange rate, etc).  That hasn't stopped me yet. Smiley

Yeah, I hear you.

I'm about to build out a hosting operation in Washington state to host my own gear and expand my pool, but I'm pretty nervous about purchasing anything in the current gen of chipsets at his point.  

The best way to do it is if you get a solar array...work out the chinks of how much squared space you need per panel and how many miners you can hook up to that thing at 75% output, consider favorable weather conditions depending on where you live. Even if you go to the desert you're still not safe, due to sandstorms and external phenomena.

If you do it off-grid it's a feasible and scalable operation. But you still need a hefty initial investment to generate enough money out of the system. Good luck on getting someone to fork you the money. I actually thought of pitching it to my local bank as an idea for an investment, but then again you need collateral in case btc takes a nose dive.

Electricity is so cheap in WA state that its not worth the investment in solar, not to mention half the year with rain and cloudcover, but its something I'd love to set up in Southern California Smiley
philipma1957
Legendary
*
Offline Offline

Activity: 3276
Merit: 4082



View Profile
July 03, 2015, 05:07:10 PM
 #13

this thread should not be in speculation.  not sure where it should be at all.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
maxwellb336
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
July 06, 2015, 12:03:09 PM
 #14

really interested in this theme
GreatNorthData
Member
**
Offline Offline

Activity: 105
Merit: 250


View Profile WWW
July 06, 2015, 02:12:07 PM
 #15

We host for $63USD/kW including all tax/VAT. And further discounts for large orders. We're in Canada.

Lowest-Cost Miner Hosting:  greatnorthdata.com
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!