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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4340017 times)
bobsav2121
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September 18, 2014, 05:19:07 PM
 #18481

^ Im going to be doing a rain dance in my street when i get home - Just at work atm so they may wonder why im dancing like a mad man in the office.

All the dancing  in the world is not going to help at this point.

Block payment less than half of what it was.

BTC goin down fast like the Titanic.

Difficulty going up like the space shuttle. maybe faster next month when the new machines get delivered .

Face the music it's about to be over for home mining.

It's been a nice ride this past year but if you've been around you can see the warning signs.

If your new , get out now your going to loose..

JMHO
Bob




Wow.  So negative.      Thus guy has clearly lost all hope


It not hope I've lost, it's profit.
Electric bills have not gone down just payouts from every pool , not just slush.
If you can show me where I'm wrong I'd like to see it.
I'm just trying to warn new people to give up now and learn from the people who have been at this a while.
The Heyday is over and gone.
The mountain ahead is getting higher and higher and no matter what your driving you'll never get anywhere.
I lost my fair share of money when I first started out, but was lucky enough to turn a profit before it was too late.
Right now the only people who will make any money are the manufacture's that are selling their last ditch effort hardware to people who cant see the writing on the wall.
Sorry if I seem all doom and gloom but as I said if you have any FACTS to show I'm wrong, bring it on.
Bob


Iv started my own farm a few weeks back hosting at 3 different places.  And so far iv pretty much already broke even. 8 cent kW/h and free electricity is how I'm running.

So far its working amazing.    

Correct me if I'm wrong. But if ur new or w.e.  if u have free electricity,  ur completely fine.  If ur paying for electricity you may be out of luck soon

 HOW MANY people have FREE electricity....

Gimme a break
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kkurtmann
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September 18, 2014, 06:00:56 PM
 #18482

You all keep saying people won't shutdown some miners or w.e.    nobof not that's why you FORCE THEN TO.     Mostly these btc exchanges.   Its called DDOS, which means distributed denial of service,   with the ability to shutdown. Pools or exchanges for a few hours or days. 

Price is just dropping,  and the only real way to fix this is for some of these exchanges or pools to go offline for ahwile. 

But everyone likes to say people wontbturb them off, no nobody will, that's why u take it offline by force.... Just until price goes up a bit.



Either way.   STOCK MARKET people that's what this is like.

Dood! Shutting down any or all exchanges won't lower difficulty. Only hashrate affects difficulty. Maybe read over the last few pages of posts and learn.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
cris12821
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September 18, 2014, 06:39:28 PM
 #18483

You all keep saying people won't shutdown some miners or w.e.    nobof not that's why you FORCE THEN TO.     Mostly these btc exchanges.   Its called DDOS, which means distributed denial of service,   with the ability to shutdown. Pools or exchanges for a few hours or days.  

Price is just dropping,  and the only real way to fix this is for some of these exchanges or pools to go offline for ahwile.  

But everyone likes to say people wontbturb them off, no nobody will, that's why u take it offline by force.... Just until price goes up a bit.



Either way.   STOCK MARKET people that's what this is like.

Dood! Shutting down any or all exchanges won't lower difficulty. Only hashrate affects difficulty. Maybe read over the last few pages of posts and learn.


I have been reading.    And when miners can't connect to pools it = low hashrate.  But w.e.    I give up using my brain. I see this isn't brains.  

Hashrate effect difficulty.... Nooo really.   I though hashrate made the diff go downhill and buying a mass amount if bitcoins online caused the price to shoot through the roof.

Lol.     I'm not even going to try being smart.    I'll just do it myself than.      Works for me.       Truely.   Who needs free electricity when ur paying like .05.08 cents kW/h

But oh well.  Y'all can figure out your own ways.  Let me k ow how it works out for you while I make some money Cheesy


I'm sorry for trying to help, forgive me.

Give Respect , Get Respect
kkurtmann
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September 18, 2014, 06:50:28 PM
 #18484

But you said you believe BTC exchanges effect difficulty

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
falling8
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September 18, 2014, 07:06:02 PM
 #18485

While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.

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kkurtmann
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September 18, 2014, 07:25:28 PM
 #18486

While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.

Finally. A new member with brains. Thank you.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
bobsav2121
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September 18, 2014, 07:29:01 PM
 #18487

While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.

There is NO  5-10 year plan for Mining, not only will difficulty skyrocket soon, the block reward is about to be cut in half.
Most people dont know that little fact.
So in summation, difficulty going to the moon, present payouts dropping like  rocks, and the block REWARD about to be cut in half... So how does that fit into your 5-10 year plan.
You are only kidding yourself.
And PLEASE dont come back and say BTC will be worth  1-2- 5- 10 thousand dollars cause it ain't goin to happen.
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September 18, 2014, 07:38:13 PM
 #18488

Block reward halving is not a little known fact, or shouldn't be. Anyone getting into mining without knowing anything about it is foolish. I have already gone through one halving and it did not affect me too bad.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
moss
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September 18, 2014, 08:51:11 PM
 #18489

While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.

There is NO  5-10 year plan for Mining, not only will difficulty skyrocket soon, the block reward is about to be cut in half.
Most people dont know that little fact.
So in summation, difficulty going to the moon, present payouts dropping like  rocks, and the block REWARD about to be cut in half... So how does that fit into your 5-10 year plan.
You are only kidding yourself.
And PLEASE dont come back and say BTC will be worth  1-2- 5- 10 thousand dollars cause it ain't goin to happen.

I thought that the block reward halving wasn't due for some time yet?
I was going on this:
http://bitcoinclock.com/
Reward-Drop ETA: 2016-08-03 09:50:29 UTC (97 weeks, 5 days, 17 hours, 20 minutes)
Am I missing something?
cris12821
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September 18, 2014, 09:11:56 PM
 #18490

2 blocks in 40 minutes.....   Can I get a what what what.

It's starting orb always started  looking pretty damn good.
Still price being low sucks.


Also I use alloscomo alloscomp to check the difficulty and when it will changechange.

Loo I can't delete all of a sudden but I can write.
wcI
Anyway here

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moss
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September 18, 2014, 09:16:14 PM
 #18491

Yep, those two quick blocks were very welcome. Grin
Now we just need bitcoin to double in value, difficulty to stall or fall and S4s to be sold off at S3 prices.
Wow, what was that!!!  Darn, another flying pig...   Grin Grin Grin
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September 18, 2014, 09:20:50 PM
 #18492

WOW!  Forget Rain, Slush is on FIRE!
Now, for a serious question. Does the no whammy song work for no invalids?
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September 18, 2014, 09:23:09 PM
 #18493

You got it Moss 2016, the only coin I know of that is due for a halving soon is Dogecoin (due in about 2 weeks).
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September 18, 2014, 09:37:03 PM
 #18494

Bitcoin mining isn't my only source of income.  When I say "5-10 year plan" I'm talking about all my finances, which bitcoin is just a part.   I'm not talking about mining bitcoin in 5-10 years.  I'm talking about the value (not price) of bitcoin in that time.  I have no concern about "to the moon" prices.

Just looking at the remittance market alone, which is currently 440 billion (according to the world bank... http://go.worldbank.org/BO45C21RT0)  Even if bitcoin only consumes 25% of that market share, it's reasonable to say it will be worth any pain experience in the short term.   Again, I'm not talking about industrial scale mining.   

All I'm saying, is that home mining for short term gains, is going to be painful.  Everyone has their personal stop loss point.  You have to have a bigger plan, which bitcoin mining fits into.


While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.

There is NO  5-10 year plan for Mining, not only will difficulty skyrocket soon, the block reward is about to be cut in half.
Most people dont know that little fact.
So in summation, difficulty going to the moon, present payouts dropping like  rocks, and the block REWARD about to be cut in half... So how does that fit into your 5-10 year plan.
You are only kidding yourself.
And PLEASE dont come back and say BTC will be worth  1-2- 5- 10 thousand dollars cause it ain't goin to happen.

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September 18, 2014, 09:55:36 PM
 #18495

While the current BTC price sucks... difficulty increase/less payouts suck... and we have operating costs... I think focusing on that stuff (for the home miner) is the wrong attitude.  I don't care about short term price.  The way I see it, I am buying cheap bitcoins from my electric company.  I believe in the long term success of bitcoin.  Even if I start operating at a loss in the coming months, it won't matter long term.   Everyone needs to stop looking at home mining as a get rich quick scheme and start looking at how it fits in to your 5-10 year plans.  If you believe in bitcoin, and cryprocurrency in general, it's a no brainer.
Who will know what will happen the next two years? We live in a very Quick and busy World. Business is Now and Not in 5 or 10 years.
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September 18, 2014, 10:02:39 PM
 #18496

Another $20 down? I hope we see a reversal soon.... We had such a great day mining 2 days ago.



me to ive been watching, that is kind of a worry. it's still worth it but how low will it drop before it either shots right back to a all time high or just lose value all to gather .

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September 18, 2014, 10:12:55 PM
 #18497

You all keep saying people won't shutdown some miners or w.e.    nobof not that's why you FORCE THEN TO.     Mostly these btc exchanges.   Its called DDOS, which means distributed denial of service,   with the ability to shutdown. Pools or exchanges for a few hours or days.  

Price is just dropping,  and the only real way to fix this is for some of these exchanges or pools to go offline for ahwile.  

But everyone likes to say people wontbturb them off, no nobody will, that's why u take it offline by force.... Just until price goes up a bit.



Either way.   STOCK MARKET people that's what this is like.


But what about the the big data centers and MS etc they won't shut them down and most of them from what I've  seen can solo mine the crap out of it  with  NP .

wont that  still make it go up all most as fast ?. most of them have access to stuff we as  normal users will never have . I don't want any GOV stepping in tell us how we can do it and can't do .

Maybe some one should form some kind of group to gov it all with very few limits. there has to be control center or will have to be  sooner later or it will get out hand worse then any thing . or get  very chosic without a  set plan in site.

one example is the recent bitcoins hack and the owner of that pool sent out a very heart felt email saying how sorry he was and is making it up to any one in that block and looking for ways to fix it, i know i got that email I was in that pool and still am .

but i do not want  any GOV what so ever getting control over bit coins , bit coins were never ever meant to have that kind of control over it . and i love my country  very much .
  

 and yea slashes pool  atm it doing nicely but i have also noticed not many of the other bitcoins pool  are either when this pool is not  so i go and mine alt coins they usually have a nice trade up during that time .

cya



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September 18, 2014, 10:41:10 PM
 #18498

9 blocks yesterday

8 so far for today and there is 1h30 to go...

Love Slush

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wasikidding
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September 18, 2014, 10:51:34 PM
 #18499

9 blocks yesterday

8 so far for today and there is 1h30 to go...

Love Slush
Only wish 3 th/s of my equipment hadn't popped a breaker while I was at work today lost out on 2/3 my hash for 3.5 blocks  Cry

BTC ADDY just in case you are my rich uncle lol 1KCQ4fXa3mWBvBsYRLmWY4QHqBa4ZYFdh6
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September 18, 2014, 11:03:17 PM
 #18500

9 blocks yesterday

8 so far for today and there is 1h30 to go...

Love Slush
Only wish 3 th/s of my equipment hadn't popped a breaker while I was at work today lost out on 2/3 my hash for 3.5 blocks  Cry

"3 th/s of my equipment hadn't popped a breaker" I'm sorry for you Wasikidding Sad
What miner(s) you got?

You will recover, we are at Slush lol

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