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Author Topic: Almost 1mil  (Read 1907 times)
IlbiStarz
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June 16, 2011, 07:52:08 PM
 #1

So it looks like we are going to hit the 1mil difficulty rate next week Tongue

Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in....

It's better to be pissed off, than to be pissed on.
BTC : 1UgM1rqL9mFtH4PHF8TgvAaceymaKmhmP         LTC : LgCGw2WrRphr94RYS1qXHj2PUuYrTap4vk
FC : 6jc9PEmqxpMSxydfepHtshE4f2jMom1dAJ
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Cluster2k
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June 17, 2011, 04:28:05 AM
 #2

Difficulty increasing 50% every 10 days while the exchange rate is on a downward trend.  Anyone starting mining now must calculate out their machine and electricity costs with the assumption that in 2 months time they will be generating 1/10th the bitcoins they can do today, with the current exchange rate.  Making $1 per PC per day profit doesn't sound too exciting.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
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Mousepotato
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June 17, 2011, 04:59:08 AM
 #3

So we're not allowed to mine for the fun of it?  Huh

Mousepotato
Edward50
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June 17, 2011, 05:24:07 AM
 #4

So we're not allowed to mine for the fun of it?  Huh

Obviously not, everybody thinks they struck gold with their mining rigs and want to become millionares.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
Edward50
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June 17, 2011, 05:25:22 AM
 #5

So it looks like we are going to hit the 1mil difficulty rate next week Tongue

Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in....

IS the difficulty rate increasing much faster than expected? Is this because of all the recent interest?

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
computerparts
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June 17, 2011, 05:54:50 AM
 #6

So it looks like we are going to hit the 1mil difficulty rate next week Tongue

Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in....

IS the difficulty rate increasing much faster than expected? Is this because of all the recent interest?

Yes and yes
Chucksta
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June 17, 2011, 07:21:58 AM
 #7

I've been mainly making money by buying BTC when the price drops, then selling when it rises, but it hasn't done that in a while Sad

I wish someone would sell off a load of coins, so that the price drops significantly. Come on, you know you want to Wink

Woot, price is down to just above $15 .... needs to drop some more
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