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Author Topic: [2+ EH] Slush Pool (slushpool.com); World's First Mining Pool  (Read 4323988 times)
retrojka
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December 03, 2014, 08:31:13 PM
 #20121

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
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December 03, 2014, 08:37:39 PM
 #20122

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make at the present moment, but if you have faith in the bitcoin system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!

kkurtmann
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December 03, 2014, 08:48:11 PM
 #20123

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make at the present moment, but if you have faith in the bitcoin system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!

this is why I keep my lower efficiency machines running, but I also have higher efficiency machines which still make a profit.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Scyntech
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December 03, 2014, 09:25:52 PM
 #20124

I use my ASIC's at home to generate BTC so I can purchase Hashing power at Zenportal. So far I've been able to get 40Gh/s at about $0.50 per Gh/s. I also use a bit to play on the coin exchanges. and it's 100% from Slush's pool  Wink
Toxo
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December 04, 2014, 02:26:45 AM
 #20125

Hey guys, I'm trying to find this info...

Is there a way to see the complete block history for slush's pool? The web interface only shows the last 30 blocks and I'd like to do some math that requires a bigger sample... If anyone has the info I'd apreciate it!
MrTeal
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December 04, 2014, 02:59:07 AM
 #20126

Hey guys, I'm trying to find this info...

Is there a way to see the complete block history for slush's pool? The web interface only shows the last 30 blocks and I'd like to do some math that requires a bigger sample... If anyone has the info I'd apreciate it!
Courtesy of organofcorti
http://mining.bitcoin.cz/stats/?history=1000
That's the last 1000. The earliest stats are lost, but you might be able to get more than 1000 from Slush directly.
Toxo
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December 04, 2014, 03:18:47 AM
 #20127

Hey guys, I'm trying to find this info...

Is there a way to see the complete block history for slush's pool? The web interface only shows the last 30 blocks and I'd like to do some math that requires a bigger sample... If anyone has the info I'd apreciate it!
Courtesy of organofcorti
http://mining.bitcoin.cz/stats/?history=1000
That's the last 1000. The earliest stats are lost, but you might be able to get more than 1000 from Slush directly.

You sir are awesome! Thanks!
MrTeal
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December 04, 2014, 05:09:31 AM
 #20128

Hey guys, I'm trying to find this info...

Is there a way to see the complete block history for slush's pool? The web interface only shows the last 30 blocks and I'd like to do some math that requires a bigger sample... If anyone has the info I'd apreciate it!
Courtesy of organofcorti
http://mining.bitcoin.cz/stats/?history=1000
That's the last 1000. The earliest stats are lost, but you might be able to get more than 1000 from Slush directly.

You sir are awesome! Thanks!
Don't thank me, thank this guy.
http://organofcorti.blogspot.ca/
Speedster1978
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December 05, 2014, 10:15:01 AM
 #20129

What's up with these long blocks lately???

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P4rkeR
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December 05, 2014, 11:32:52 AM
 #20130

1 Petahash go away...

cris12821
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December 05, 2014, 12:55:38 PM
 #20131

Well.  People keep adding so much more hashing power and removing it all the time...Thus it brings us long blocks.    If we stayed at 1 simple speed without it changing like 2-5+ times in just 1 week.      It sucks a week or so ago.  We were solving blocks like it was raining.   Now.  We solving them like turtles.    Slow and Steadily.



I wonder if people will stop hopping and increasing/decreasing their hash power.   


Who am i kidding..... Why would people stop... that would be to easy

Give Respect , Get Respect
Mentalfloss
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December 05, 2014, 12:59:19 PM
 #20132

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make at the present moment, but if you have faith in the bitcoin system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!

Have faith? Is this a cult now? There are no good reasons to believe BTC will rise much at all now. The "gold rush" days are long gone, I made mine with a farm of 10 gigahash Block Eruptor blades. Back when difficulty was less than the average jump this year. Since then any gear costs more than it makes before you pay for electricity, any money made in this years gold rush is by those selling you the shovels. Back to BTC, companies like Coinbase are doing a great job making it easier for merchants and consumers alike to use BTC. To a certain extent if more people use BTC as currency that will create downward pressure on its value. If there is a huge swing to using it as currency creating more demand than what is available, of course that will cause an increase in BTC value. It will also create demand for a "new and improved!" product and BTC will collapse. Like My Space did with Facebook. Yeah...keep up the faith.
cris12821
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December 05, 2014, 01:06:11 PM
 #20133

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make at the present moment, but if you have faith in the bitcoin system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!

Have faith? Is this a cult now? There are no good reasons to believe BTC will rise much at all now. The "gold rush" days are long gone, I made mine with a farm of 10 gigahash Block Eruptor blades. Back when difficulty was less than the average jump this year. Since then any gear costs more than it makes before you pay for electricity, any money made in this years gold rush is by those selling you the shovels. Back to BTC, companies like Coinbase are doing a great job making it easier for merchants and consumers alike to use BTC. To a certain extent if more people use BTC as currency that will create downward pressure on its value. If there is a huge swing to using it as currency creating more demand than what is available, of course that will cause an increase in BTC value. It will also create demand for a "new and improved!" product and BTC will collapse. Like My Space did with Facebook. Yeah...keep up the faith.


I'm urged to comment on all this here.


I agree 100% with what you said.... you cant count your chickens before they hatch or w.e that saying is.


However,  I often read nad hear people saying you cant make a living off of Bitcoin mining.  However I have been doing many many calculations of different types of setups.   And I've come to the conclusion that.  Yes.  You can make a living off of it.  But having say a part time job would help greatly.


This depends on what you use for hydro.   I'd use solar power or hydro electric(Water as my conductor)   thus cutting my hydro cost in half.     

Having the right amount of equiptment.  Sometimes the best of the best miners isnt always the best. 

Sometimes having slow miners will give you a better result and less costs.




But again it all comes back to the waiting game.    If your impatient...Dont bother.  If your patient... than go for it all out.






This is everyone own opinion.  My thought though.... you could make a living off of BTC mining it all depends on your setup and all

Give Respect , Get Respect
pekatete
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December 05, 2014, 01:10:55 PM
 #20134

for all you people new to bitcoin mining, it all evens out over time.

is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make at the present moment, but if you have faith in the bitcoin system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!

Have faith? Is this a cult now? There are no good reasons to believe BTC will rise much at all now. The "gold rush" days are long gone, I made mine with a farm of 10 gigahash Block Eruptor blades. Back when difficulty was less than the average jump this year. Since then any gear costs more than it makes before you pay for electricity, any money made in this years gold rush is by those selling you the shovels. Back to BTC, companies like Coinbase are doing a great job making it easier for merchants and consumers alike to use BTC. To a certain extent if more people use BTC as currency that will create downward pressure on its value. If there is a huge swing to using it as currency creating more demand than what is available, of course that will cause an increase in BTC value. It will also create demand for a "new and improved!" product and BTC will collapse. Like My Space did with Facebook. Yeah...keep up the faith.
It is easy to pick one word in a sentence, create your own context around that one word in complete disregard to its original context, and make some convoluted arguments around that, just like in religion (cue your comparison of BTC to MySpace)!
1. If you do not think (even believe) that BTC that is currently being mined at a loss (or in my case a small profit) will NOT remain low, then do not mine.
2. The shovels that you refer to take the form of cloud and physical rigs, choose either or none at all. I choose the rigs.
3. So you made your million dollars back in the day, why stick around like a bad smell? I bet you are looking for your next million.

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December 05, 2014, 04:11:59 PM
 #20135

Well.  People keep adding so much more hashing power and removing it all the time...Thus it brings us long blocks.    If we stayed at 1 simple speed without it changing like 2-5+ times in just 1 week.      It sucks a week or so ago.  We were solving blocks like it was raining.   Now.  We solving them like turtles.    Slow and Steadily.



I wonder if people will stop hopping and increasing/decreasing their hash power.   


Who am i kidding..... Why would people stop... that would be to easy

Please read and understand Cris ! Thank You !

cris12821
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December 05, 2014, 07:32:03 PM
 #20136

Well.  People keep adding so much more hashing power and removing it all the time...Thus it brings us long blocks.    If we stayed at 1 simple speed without it changing like 2-5+ times in just 1 week.      It sucks a week or so ago.  We were solving blocks like it was raining.   Now.  We solving them like turtles.    Slow and Steadily.



I wonder if people will stop hopping and increasing/decreasing their hash power.    


Who am i kidding..... Why would people stop... that would be to easy

Please read and understand Cris ! Thank You !


I dont understand why people always say that.  It wouldnt be posted if i didnt read and understand it.  just stating the obvious thats all.  Than sadly you have those super critical people.    Shit if you dont like the post or the wording.  Dont comment.. simple as that.   Instead of commenting to make a big deal about it

Give Respect , Get Respect
MrTeal
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December 05, 2014, 08:20:15 PM
 #20137

I dont understand why people always say that.  It wouldnt be posted if i didnt read and understand it.  just stating the obvious thats all.  Than sadly you have those super critical people.    Shit if you dont like the post or the wording.  Dont comment.. simple as that.   Instead of commenting to make a big deal about it
He's just saying you keep posting that and that you are wrong.
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December 06, 2014, 12:06:03 AM
 #20138

Well.  People keep adding so much more hashing power and removing it all the time...Thus it brings us long blocks.    If we stayed at 1 simple speed without it changing like 2-5+ times in just 1 week.      It sucks a week or so ago.  We were solving blocks like it was raining.   Now.  We solving them like turtles.    Slow and Steadily.



I wonder if people will stop hopping and increasing/decreasing their hash power.    


Who am i kidding..... Why would people stop... that would be to easy

Please read and understand Cris ! Thank You !


I dont understand why people always say that.  It wouldnt be posted if i didnt read and understand it.  just stating the obvious thats all.  Than sadly you have those super critical people.    Shit if you dont like the post or the wording.  Dont comment.. simple as that.   Instead of commenting to make a big deal about it

Sorry my English is bad. I just wanted to emphasize that your theory is more than good! Minors must stop changing pool every 5 minutes when luck has left us for only a few hours ..

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December 06, 2014, 09:39:24 AM
 #20139

how long can coin sit in slush's pool under the 5 btc limit. with out the miner actively mining?

..I'm thinking I'm gonna claim this as mining income after jan 1st so getting close to auto pay out (with IRS it is when it hits your wallet you have to declare)

(yeah I'm legal biz in USA.....for alt currencies...roped in by the bank on a bank mistake so felt it best to go 'legit' resolved in an hour at bank but w/o tax biz info could a
got ugly even thou their error ...SEC was contacted....they said i sent 90k overseas I sent 10k to knc heh...was resolved quick with my tax and biz info w/o who knows?)

anyway how much slack do I have if i shut my miner off on slush say in a couple days from now  till after Jan 1st 2015?

or is it just plain not an issue?

thanks (by the by paid no taxes due to equip purchases in 2013 and likely none on mining in 2014 in that this year sucks bit time but that 1/4 off equip depreciation as
computer equipment (20% off gross income for 5 years) or again in real $$$ otherwise applied paid to tax man 25% off taxes I woulda paid...so that is real $$$ saved
...so with a no roi no refund barely working KNC Titan (sigh) and my previous winner of a Jupiter it is  is looking pretty good right now going legal.....so i just may have lucked out)

so it goes live an learn and roll with punches..did not have a lot of choice for those over stocked in equipment in usa you MAY want to talk to your CPA?
(she laughs and calls me a farmer and does my equip and such the same more or less bitcoin be the crops i guess...a very amused CPA in all this)

back to watching my Jupiter manage not to make less then elec on slush shoulda died or been shut off  2 months ago ..was .007 btc per day...then luck went up next month
again .007 per day last month and now diff dropped
now with luck .008 per day on a roll whoo hoo still barely beating elec costs heh will be sad to shut it off


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Mentalfloss
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December 06, 2014, 12:39:56 PM
 #20140


This is everyone own opinion.  My thought though.... you could make a living off of BTC mining it all depends on your setup and all


I correct myself in that I have visited or worked in countries where electricity is free to homes. There a profit can be made. Here in the states, no such luck, it is expensive to the point where mining BTC is no longer profitable with difficulty levels since early 2014.
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