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Question: What type of pool payouts do you prefer?
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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3852499 times)
moss
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September 18, 2014, 08:51:11 PM
 #18521

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?
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cris12821
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September 18, 2014, 09:11:56 PM
 #18522

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
 #18523

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
 #18524

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
 #18525

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
 #18526

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
 #18527

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
 #18528

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
 #18529

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
 #18530

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
 #18531

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 1GmrgmiAWKA4yXuo4JECxyvzzjnBEtGwwL
Jcga
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September 18, 2014, 11:03:17 PM
 #18532

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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wasikidding
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September 18, 2014, 11:11:44 PM
 #18533

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
it was 3 s3's and a cointerra the latter being the culprit im sure at least I got some as 2 s3's on a different breaker were fine

BTC ADDY just in case you are my rich uncle lol 1GmrgmiAWKA4yXuo4JECxyvzzjnBEtGwwL
jterry211
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September 19, 2014, 01:50:52 AM
 #18534

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

I had a popped breaker last week from a power surge and lost almost 7 blocks, made me wanna cry so i feel your pain.

JT
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September 19, 2014, 05:04:22 AM
 #18535

almost half the hashpower of BTCguild and one more block than them for the day. seems pretty lucky here today

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
cris12821
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September 19, 2014, 01:21:56 PM
 #18536

Wow.     Another $50 down in btc price over night.  It should stop making us suffer and drop to 300 and stay there it something.  Yup we me have to deal with a low btc/$ for a long time now SadSad

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Jcga
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September 19, 2014, 01:24:52 PM
 #18537

End of the Game, it seems like it.

There are btc big farms dropping huge amount of btc and only few people buy, so price go down.

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cris12821
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September 19, 2014, 01:28:37 PM
 #18538

So it seems like.  These very greedy farms.   Like 1-5 big farms that are greedy are ruining it for EVERYONE else.    Unless the price goes back up within a month or 2.   It starting to feel like its the end.

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September 19, 2014, 01:29:39 PM
 #18539

As long as the price keeps above one Satoshi I keep mining.
Jcga
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September 19, 2014, 01:30:59 PM
 #18540

As long as the price keeps above 1 Satoshi I'll mining.

Betta buy Btc^^

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