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Author Topic: well i stopped mining yesterday  (Read 3968 times)
evanesce (OP)
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December 07, 2012, 04:17:47 AM
 #1

I wonder how many other small time miners pulled the plug this week. Decided to have use of my desktop again for my music and DJ hobby.

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December 07, 2012, 05:56:24 AM
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I still got my Single going. I'll keep my GPU going for a little bit, until ASICs hit. I was concerned that the shortened life of the card might not be worth the piddley squat it's making in coins, but I run it undervolted and high fan speeds, so temps arn't even into the 60s, so I'm not that concerned.

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December 07, 2012, 06:02:23 AM
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Same here, plus it's cold here. I tried shutting down the miners, it was weird.

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December 07, 2012, 06:37:28 AM
 #4

No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!

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December 07, 2012, 10:06:28 PM
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No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!

Last I heard (2 days ago), LTC was less profitable than BTC.  Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.
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December 07, 2012, 10:39:28 PM
 #6

No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!

Last I heard (2 days ago), LTC was less profitable than BTC.  Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.
Yeah, I'm not expecting LTC to be too profitable when I make the jump. But yeah, looks like the BTC difficulty is on it's way down http://bitcoindifficulty.com/ Or at least, for a short time.

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December 08, 2012, 06:09:22 AM
 #7

How about ppcoin? Still some profit right?
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December 08, 2012, 03:32:06 PM
 #8

I've noticed a drop off myself on Deepbit. I've noticed I've gone from a 0.18% contribution to a 0.25% contribution to the pool in the last 48 hours or so fwiw.
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December 08, 2012, 04:14:00 PM
 #9

I stopped running gpus, still have 16 spartans "at it".. propably running to a difficulty of ~30 million.

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December 09, 2012, 04:19:17 AM
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No, I'm not shutting mine off. I'm heating my apartment with my rigs right now. As of right now, they are providing free heating along with some coins. Once ASIC hits, I'm switching over to LTC. I have some BFL products on the way whenever they ship, so I'll be mining BTC and LTC in the near future, while getting some free heating. Woohoo!

Last I heard (2 days ago), LTC was less profitable than BTC.  Remember, everyone and their grandma jumped over to LTC when the Halving occurred. So it makes sense.


this changes a couple of times a week.. its been substantially more profitable ($8/day for me vs $5/day with 2.6 ghash worth of gpu's.

tomorrow morning it is going to go back up again and be worth about the same.

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December 10, 2012, 04:55:18 PM
 #11

I've cut off my GPUs as well. They were only marginally profitable before, but now it's nothing but a loss thanks to energy costs. Maybe if the difficulty gets low enough (or BTC price gets high enough) I might consider it again Tongue

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December 10, 2012, 07:05:19 PM
 #12

I've cut off my GPUs as well. They were only marginally profitable before, but now it's nothing but a loss thanks to energy costs. Maybe if the difficulty gets low enough (or BTC price gets high enough) I might consider it again Tongue

you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity Smiley

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December 10, 2012, 08:38:37 PM
 #13

I have one rig at free electricity, and its doing other jobs too, so i am not cuting that thing off. At home i have lowered core clock and memory to minimum and its not giving me big loses anyways.
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December 10, 2012, 08:46:55 PM
 #14

you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity Smiley

I'd love to, so long as I can write off that donation on my taxes this year Wink

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December 13, 2012, 10:48:31 PM
 #15

I´m still running a 2x5970  and a 3x5850 on "free" electricity but it´s really a lost cause even if i make a few bucks a day.
I will keep mining until the ASICS put me out of business in January-February. It will be a sad day...   Cry
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December 15, 2012, 02:37:46 PM
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Diff going down. Keep up the good work quitters! :-)
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December 15, 2012, 02:43:51 PM
 #17

you can always donate those cycles to folding at home or world community grid.. just think of the energy cost as a donation to charity Smiley
You can also donate those free cycles to bitcoin....just think of the energy cost as a donation to a good cause.

Actually, that's exactly what brought me into bitcoin in the first place,
when i started mining on my CPUs in early 2010 i never thought that i'd make any money off of it, i only did it because i thought this "become your own bank in a p2p-network"-thing was a way better cause to donate my CPU-cycles to, than folding proteins or looking for ET.
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December 18, 2012, 05:59:50 PM
 #18

Good - more Bitcoins for me and my GPU's!  Cheesy
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December 19, 2012, 08:46:47 PM
 #19

Good - more Bitcoins for me and my GPU's!  Cheesy

Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
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December 19, 2012, 08:55:59 PM
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Good - more Bitcoins for me and my GPU's!  Cheesy

Interesting that not selling gpus for asic seed money to be first in line might end up being the best play. It is almost 6 months of mining now since bfl started taking orders while the price has been great. Asics might come out in a rush and we can still get them right after everyone else does who ordered months ago give or take a month or so. Only a lucky few can make upto 6 months of mining in days/weeks.
More interesting, that's exactly what I did.  I sold all my GPU's, with exception of the two that are in computers that I use for other purposes besides mining.  I have a first-day preorder with BFL.  Smiley
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