Bitcoin Forum
December 07, 2016, 06:30:51 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 »  All
  Print  
Author Topic: Please bail me out - I'm an idiot bought mining gear at the peak  (Read 19442 times)
OgNasty
Donator
Legendary
*
Offline Offline

Activity: 2030


Powered by NastyFans


View Profile WWW
June 20, 2011, 04:56:02 PM
 #61

you guys must be kidding. we pay around 0.30 US-$ here for 1 kWh. and it's still profitable

I guess I'm lucky paying only $0.05/kWh. 

BITSLER                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
1481135451
Hero Member
*
Offline Offline

Posts: 1481135451

View Profile Personal Message (Offline)

Ignore
1481135451
Reply with quote  #2

1481135451
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
perfectchoice4u
Newbie
*
Offline Offline

Activity: 14


View Profile
June 21, 2011, 02:25:28 AM
 #62

You know i think this guys full of shit, because if he was serious, i asked him to send me a pm and maybe buying some of his stuff, and he never sent or said as much as a peep about it.

If he was really this bad off he's want to lay off some of his "losses"
minerX
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 21, 2011, 02:32:56 AM
 #63

Hawaii is .26cents a kilowatt/hour.

I'll be getting out before a lot of you.  Get ready to buy all my gear.
BarsMonster
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 21, 2011, 04:33:08 AM
 #64

I guess I'm lucky paying only $0.05/kWh. 

0.034$ here Wink

We love microchips. That's why we boil them in acid. http://zeptobars.ru/
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 21, 2011, 05:21:55 AM
 #65

Are you sure?

What, do you live on a government-subsidized Indian reservation or something?

Seriously -- 3 cents is too low. Are you sure that's "power cost" plus "generation & transmission"?

Just subtract the customer/statement fee (usually a fixed amount) from your last bill, and divide that by the number of kilowatts you used.

beeph
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 21, 2011, 09:51:04 AM
 #66

I took some pics after just spending hte last 12 hours (yet another 12 hour day) on the set up... where do u 'radical internet dudes' share your awesome pictures like faceblasters or twitterbox or what?  cuz i dont see a photo option on this forum.. i think u guys will get a chuckle of the gigantic lair of the octopi computers.

I've gotten some interest but right now we're debating whether opening a box is even worth it even after we have sunk costs in a mobo and a free slot for it.. or if its just better to send everything back as is.. also buncha lowball offers.. noone is gonna sell something that goes for 160$ on ebay for 100$ on here, etc.

And those who think 12,000$ is alot of money honestly these bernanke bucks are on their way to being worthless anyway so spend em while u got em i spose... but yeah it was an amoutn i felt safe gambling with.. i dont like throwing money down the toilet tho, which this seems to be a very long and painfully hard way to accomplish just that.


FlipPro
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 21, 2011, 10:25:10 AM
 #67

Don't sell your stuff, move to a cheaper state ! Electricity in florida is about .05 KWH, you can stay in the midwest to, some states are .03-.05KWH

Tweet For Coins http://uptweet.com
Karen Palen
Newbie
*
Offline Offline

Activity: 14


Picture by Mai Yip


View Profile
June 21, 2011, 11:18:53 AM
 #68

Don't sell your stuff, move to a cheaper state ! Electricity in florida is about .05 KWH, you can stay in the midwest to, some states are .03-.05KWH

Don't forget to include the cost of HVAC to get rid of all that heat!

I see where there are some very large data centres opening up in places like Iceland for that region.

Random thought there is a HUGE hydro electric project in N. Quebec - I wonder how it would work for a co-location site? You could even sell the "waste heat" to help heat buildings.

Just the same it really does depend on the ratio of Difficulty Factor to BTC "value" in the currency where you pay the bills - at US$0.01/BTC and today's Difficulty Factor I doubt if there is any combination which would work.

If guns magically made you safe then US cities would be the safest in the world!

A firearm is NOT a "magic talisman" it is a TOOL just like a hammer!
beeph
Jr. Member
*
Offline Offline

Activity: 42


View Profile
June 21, 2011, 11:41:13 PM
 #69

Well I hate to turn this into my own personal sales thread so let me show u the pic at least HAHA
http://www.flickr.com/photos/64331187@N04/5858492956/in/photostream


biostar TA890FXE 150$
radeon 6870      170$
radeon 5830   150$
sempron 130 +fan     40$
sempron 140 + fan 40$
kingston 1gig DDR SRAM  13$
PCI-e risers (16-16x from cable2000 but shipped from chicago not long ass hong kong!)  Im not gonna run around shipping these 1 by one, but if u want to add them to an order i'll charge 10$ each which is a good deal.

I want to sell the mobo + cpu + fan together as a barebones, if possible.. anything not sold is going to continue mining, so order priority to those buying more of a 'total rig' set up.

8g flash drives with ubuntu + mining stuff:  14$

I'll give tech support anyone trying to get a rig up and running.
cards have not been overclocked, original bios, etc.

I will take paypal, probably to my old company paypal many of you may recognize the company if u are mmorpg gamers Wink
It is 5000+ verified.
I will take bitcoins too but charge like 10% or so + the last tradehill/gox price - but hey small price to pay for the privilege of using the CURRENCY OF THE FUTURE.

min order 200$, I am in schaumburg area, chicago. Prices are all negotiable but dont lowball... all this stuff is tested and works together.
yahoo me at bitcoinlover (instant mesenger)
 

RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2002


Legen -wait for it- dary


View Profile
June 22, 2011, 12:04:29 AM
 #70

Will you take BTC equivalent?

Edit: Just noticed you do!

YGPM!

newunit16
Member
**
Offline Offline

Activity: 115


View Profile
June 22, 2011, 02:09:49 AM
 #71

shows some people got more money than sense.

good luck with sale. i hope this becomes a trend so the difficulty doesn't increase as fast/much.
botnet
Jr. Member
*
Offline Offline

Activity: 35


View Profile
June 22, 2011, 03:02:39 AM
 #72

more pictures please
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 22, 2011, 03:12:58 AM
 #73

Except you'll notice that all this equipment is going to be bought by someone on Bitcoin.org -- it probably won't end up sitting on a dusty shelf somewhere...
newunit16
Member
**
Offline Offline

Activity: 115


View Profile
June 22, 2011, 03:23:15 AM
 #74

Except you'll notice that all this equipment is going to be bought by someone on Bitcoin.org -- it probably won't end up sitting on a dusty shelf somewhere...


if selling hardware comes the trend, either a) big fish eat the little ones or b) miners dont buy it and difficulty goes down.

why wouldnt a miner buy it? decreasing profits, becomes risky. hopefully this is the case, id hate to have the top10% miners buy all of the jazz.
pennytrader
Sr. Member
****
Offline Offline

Activity: 253


View Profile
June 22, 2011, 04:44:06 AM
 #75

more pictures please

Yes, more pics pls

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
xalex
Jr. Member
*
Offline Offline

Activity: 43



View Profile
June 22, 2011, 08:57:25 AM
 #76

Hawaii is .26cents a kilowatt/hour.

I'll be getting out before a lot of you.  Get ready to buy all my gear.

I'm from The Netherlands.. its about 0.23 euro here. Roughly translates to 0.33 dollar at the moment Tongue
asfas16123
Jr. Member
*
Offline Offline

Activity: 44


View Profile
June 22, 2011, 06:46:53 PM
 #77

Hawaii is .26cents a kilowatt/hour.

I'll be getting out before a lot of you.  Get ready to buy all my gear.

I'm from The Netherlands.. its about 0.23 euro here. Roughly translates to 0.33 dollar at the moment Tongue

they are talking about .26 cents... that is 0.026$ which is around 15 times cheaper than yours
bitcoin0918
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 22, 2011, 07:42:23 PM
 #78

they are talking about .26 cents... that is 0.026$ which is around 15 times cheaper than yours
They made a typo. It's 26 cents, not .26 cents. Nobody gets it that cheap, except freeloaders.

"So you think that money is the root of all evil?" said Francisco d'Aconia. "Have you ever asked what is the root of money?" [contd.]
CydeWeys
Full Member
***
Offline Offline

Activity: 154


View Profile
June 22, 2011, 07:57:58 PM
 #79

Are you guy who posted to Reddit saying something like "just some casual mining" and showed box after box of computer equipment in a rented storage locker?
finnthecelt
Full Member
***
Offline Offline

Activity: 140


View Profile
June 23, 2011, 01:33:21 AM
 #80

Are you guy who posted to Reddit saying something like "just some casual mining" and showed box after box of computer equipment in a rented storage locker?

What's with the box of gpu's on the bottom left? Seems like a strange way to stage.... I smell something strange here....

This could be a bunch of used gear being resold or already mined to death and he wants an upgrade. Could you also post a copy of your invoice with sales date please.....?

Proceed with caution. Not accusing him but.....just sayin'.
Pages: « 1 2 3 [4] 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!