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Author Topic: Is Mining profitable?  (Read 2258 times)
notlist3d
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November 04, 2015, 11:31:28 AM
 #21

hm now price 1BTC=450$ and expect to go more up
where the price of the bitcoin starts to be profitable mining

There is no one point.  Mining is so individual we would need to know your information to know if profitable.

What is your electricity price?  And do you have a vat/income tax?   With those we can tell you a general idea, but always ROI math with a mining calculator you trust.  A lot are profitable at this point.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 04, 2015, 12:33:01 PM
 #22

Mining is (for me) not profitable but fun.
it is why I propose to all miners like me to join my mining team.
Who can interested by my offer?
All new miners who mine less then 1000 satoshi per day can be interested.
For the one who have already mined and have already too much satoshi on their pool account are of course not...itll their mext payout.

Miners who mine over 1000 satoshi can also profit...but the profit is less or are juste paid more often.


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November 04, 2015, 02:22:07 PM
 #23

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

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winspiral
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November 04, 2015, 03:24:57 PM
 #24

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

notlist3d
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November 04, 2015, 03:49:24 PM
 #25

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.
winspiral
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November 04, 2015, 04:04:41 PM
 #26

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?




notlist3d
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November 04, 2015, 04:24:48 PM
 #27

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?



I'm giving you the honest truth.  Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!".  That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude.  I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.
winspiral
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November 04, 2015, 04:38:05 PM
 #28

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?



I'm giving you the honest truth.  Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!".  That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude.  I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that  "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)


My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

notlist3d
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November 04, 2015, 05:27:59 PM
 #29

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?



I'm giving you the honest truth.  Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!".  That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude.  I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that  "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)


My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter.  If the service has even small amount of BTC you will need escrow with your negative trust. 

And again I'm not meaning to be rude.  Until you get enough good trust or get those "mistakes" fixed.  It is going to be hard to do any business direct.
winspiral
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November 04, 2015, 05:51:12 PM
 #30

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?



I'm giving you the honest truth.  Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!".  That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude.  I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that  "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)


My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter.  If the service has even small amount of BTC you will need escrow with your negative trust. 

And again I'm not meaning to be rude.  Until you get enough good trust or get those "mistakes" fixed.  It is going to be hard to do any business direct.

It's not a business...it's an oppotunity.

chiajw1 (OP)
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November 05, 2015, 06:14:53 AM
 #31

do NOT give this person any of your BTC.  If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the  money, and not you.  It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?



I'm giving you the honest truth.  Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!".  That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude.  I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that  "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)


My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter.  If the service has even small amount of BTC you will need escrow with your negative trust. 

And again I'm not meaning to be rude.  Until you get enough good trust or get those "mistakes" fixed.  It is going to be hard to do any business direct.

It's not a business...it's an oppotunity.



Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?
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November 05, 2015, 06:38:54 AM
 #32

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?
It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

.
.HUGE.
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chiajw1 (OP)
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November 05, 2015, 06:45:25 AM
 #33

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?
It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

The internet speed is average 400 kbps. Ok or not?
ranochigo
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November 05, 2015, 06:56:48 AM
 #34

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?
It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

The internet speed is average 400 kbps. Ok or not?
IMO, if the latency is below 50, it would be okay for medium scale mining. Bandwidth do not matter a hell lot as stratum does not require a lot of bandwidth. Latency is key as it takes time for the packets to be delivered to the server. Try to choose a mining server that is closest to you.

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.HUGE.
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