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Author Topic: whos mining bitbar?  (Read 1309 times)
ks3rv3rg
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May 14, 2013, 06:20:00 PM
 #1

What's the deal with bitbar?  Anyone mining it?  I was considering pointing my miners to its network since coinchoose is showing its profitability high at the moment.  Its value to btc is also greater than litecoin. Seems like an interesting project. Or maybe just something worthing mining to trade to btc then buy ltc... What's everyone think?
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May 14, 2013, 06:24:14 PM
 #2

Move along troll mercenary, move along.
ks3rv3rg
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May 14, 2013, 06:27:20 PM
 #3

Move along troll mercenary, move along.

Well that was a constructive comment...  Roll Eyes. Are you talking to yourself? Because the only troll seems to be you.
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May 14, 2013, 06:32:57 PM
 #4

The spread on Bter is actually high enough where mining BTC and sitting on the bid is more productive than mining it directly right now.  Volume is light, but steady.

I like the concept behind Bitbar, but it has a large overhang from the way it was launched.  However, the difficulty retargeting has been relatively smooth after the first mining spike.

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ks3rv3rg
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May 14, 2013, 06:38:35 PM
 #5

The spread on Bter is actually high enough where mining BTC and sitting on the bid is more productive than mining it directly right now.  Volume is light, but steady.

I like the concept behind Bitbar, but it has a large overhang from the way it was launched.  However, the difficulty retargeting has been relatively smooth after the first mining spike.


Hmmm... Interesting. Good advice.  Do you trade with confidence on better? Meaning, I've seen people talk about not trusting them.  Seems like it also might be a worthwhile investment to start a bitbar pool since theres only 2(?).
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May 14, 2013, 06:41:47 PM
 #6

i mine it now and then, solo just to get a lucky chip of it. I like the idea too. I think over time it will revive. Those that paid 2btc for 1 bar got done, but tbh in a few months could look like a good investment. Have to wait and see.

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May 14, 2013, 06:43:18 PM
 #7

The spread on Bter is actually high enough where mining BTC and sitting on the bid is more productive than mining it directly right now.  Volume is light, but steady.

I like the concept behind Bitbar, but it has a large overhang from the way it was launched.  However, the difficulty retargeting has been relatively smooth after the first mining spike.


Hmmm... Interesting. Good advice.  Do you trade with confidence on better? Meaning, I've seen people talk about not trusting them.  Seems like it also might be a worthwhile investment to start a bitbar pool since theres only 2(?).

Another bitbar pool would be a nice addition. Around block 9000, the code will allow for a pushpool to be made so that is something to look forward to when someone steps up to the plate.

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dentldir
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May 14, 2013, 06:47:37 PM
 #8

Confidence isn't exactly the right word yet.  They are growing on me though.

To their credit, I haven't had any problems with them.  Deposits go where they are supposed to.  Withdrawals come out like they are supposed to.  Trades execute correctly.

Knowing that, I still only trade very small amounts there.  I mean its still alt-coins we are talking about here.

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ks3rv3rg
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May 14, 2013, 06:49:53 PM
 #9

i mine it now and then, solo just to get a lucky chip of it. I like the idea too. I think over time it will revive. Those that paid 2btc for 1 bar got done, but tbh in a few months could look like a good investment. Have to wait and see.

Holy crap! 2btc to 1bar?! That's some serious investment confidence! I hope it does jump for their sake.  I might have to mine it every now and then too. Makes sense.



The spread on Bter is actually high enough where mining BTC and sitting on the bid is more productive than mining it directly right now.  Volume is light, but steady.

I like the concept behind Bitbar, but it has a large overhang from the way it was launched.  However, the difficulty retargeting has been relatively smooth after the first mining spike.


Hmmm... Interesting. Good advice.  Do you trade with confidence on better? Meaning, I've seen people talk about not trusting them.  Seems like it also might be a worthwhile investment to start a bitbar pool since theres only 2(?).


Another bitbar pool would be a nice addition. Around block 9000, the code will allow for a pushpool to be made so that is something to look forward to when someone steps up to the plate.

Id love to be the one to do it.  Ive never setup a pool before but if you know of any good infornation id like to see it.   I'm pretty sure I'm competent enough to at least setup the back end..lol
ks3rv3rg
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May 14, 2013, 06:55:10 PM
 #10

Confidence isn't exactly the right word yet.  They are growing on me though.

To their credit, I haven't had any problems with them.  Deposits go where they are supposed to.  Withdrawals come out like they are supposed to.  Trades execute correctly.

Knowing that, I still only trade very small amounts there.  I mean its still alt-coins we are talking about here.


Well that's good enough for me to feel OK about trading smaller amounts there.  Thanks. 
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May 14, 2013, 06:59:08 PM
 #11

Holy crap! 2btc to 1bar?! That's some serious investment confidence! I hope it does jump for their sake.  I might have to mine it every now and then too. Makes sense.

If a block of BTB gave 10* the amount of coins it currently does, would you be shocked of 0.2BTC/BTB? I doubt.
There are ~2800 bitbars out there, and with current prices of ~0.4 it totals to a 1120 BTC market cap. Even Mincoin has a 2909 BTC market cap.... Don't just look at the sheer numbers.
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May 14, 2013, 07:25:52 PM
 #12

Another bitbar pool would be a nice addition. Around block 9000, the code will allow for a pushpool to be made so that is something to look forward to when someone steps up to the plate.

for p2pool, with pushpool you can mine it right now, so pushpool can be made
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May 14, 2013, 07:38:17 PM
 #13

Plenty miners mining BitBar atm.
See bitbar.info for the hashrate


Speculating..
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May 14, 2013, 07:52:14 PM
 #14

Don't even think about mining bitbar if you're looking for short term profits. Every day the confirmation waiting time is longer and longer. It may be at the top of the charts now. But when others see it at the top, they will come rushing in out of pure greed and drive up the difficulty which will then push it down on the charts. They will then see it isn't profitable and hop to other coins and come back when they see it at the top. It's a never ending cycle.
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May 14, 2013, 08:07:43 PM
 #15

I don't mind that Bitbar price is very low atm, makes it easy to mine Smiley

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May 14, 2013, 08:19:30 PM
 #16

you guys pool mining bitbar or solo? so far i've only seen one working pool Smiley
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May 14, 2013, 08:42:23 PM
 #17

you guys pool mining bitbar or solo? so far i've only seen one working pool Smiley
http://www.bitbar.info/index.php
Apparently there are 2 pools ATM.
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May 15, 2013, 06:23:07 AM
 #18

When I do mine it, I mine it solo.

I absolutely love the 500+ confirmations on mined bars too.


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May 15, 2013, 07:30:05 AM
 #19

You better mine powercoin. Its more profitable right now. I will buy it for you. I have 30 btc for this coins.
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May 15, 2013, 08:51:58 AM
 #20

I don't mind that Bitbar price is very low atm, makes it easy to mine Smiley
Nah, it isn't - because difficulty was pushed up last time it was in the coinchoose charts.
So even though hash power is back to lower levels, diff still needs time to readjust.
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