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Author Topic: Pakistan  (Read 4286690 times)
faiza1990
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February 14, 2014, 11:40:14 AM
 #421

Bitcoin price started to rise.Seems this crash is over!
yes now stabling some and again touching 650$ hope now as some exchanges start to give withdraw its touch new highs

nawazish1
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February 14, 2014, 01:21:10 PM
 #422

This is the reason why it's coming back to normal.

http://www.coindesk.com/bitstamp-resume-bitcoin-withdrawals-btc-e-working-solution/

 Cheesy

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
waqas
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February 14, 2014, 02:28:48 PM
 #423

yes now still time to buy because this time as its start to go rise surely touches 1000$ very quickly 

nawazish1
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February 14, 2014, 06:54:19 PM
 #424

yes now still time to buy because this time as its start to go rise surely touches 1000$ very quickly 

1000$ will make me 460$ for 24 days of continuous mining. Cheesy Cheesy

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
Abdussamad (OP)
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February 14, 2014, 07:05:04 PM
 #425

yes now still time to buy because this time as its start to go rise surely touches 1000$ very quickly 

1000$ will make me 460$ for 24 days of continuous mining. Cheesy Cheesy

Can you show us the breakdown? From what I've seen on this forum you get 0.01 btc per Mh/s per day. So that's like $12.86 for a 1.8Mh/s rig which will give you $386 per month revenue. There is still the electricity cost and depreciation to account for and you can't buy a 1.8Mh/s rig in $1000. It cost you more like $1400 (1.5 lacs) for your rig, right?
nawazish1
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February 14, 2014, 07:53:48 PM
 #426

yes now still time to buy because this time as its start to go rise surely touches 1000$ very quickly 

1000$ will make me 460$ for 24 days of continuous mining. Cheesy Cheesy

Can you show us the breakdown? From what I've seen on this forum you get 0.01 btc per Mh/s per day. So that's like $12.86 for a 1.8Mh/s rig which will give you $386 per month revenue. There is still the electricity cost and depreciation to account for and you can't buy a 1.8Mh/s rig in $1000. It cost you more like $1400 (1.5 lacs) for your rig, right?

Yes the rig did cost me 1.5 lacs and my daily payout is mostly above 0.02 BTC including all the problems we have to face in Pakistan. At the current BTC price I am earning 12-14 $ daily. But If I manage to sell BTC at some where near 900$ the daily earning would be near to 20$ making the monthly income 500$. And I am sure BTC will go back there shortly.

Unfortunately my riser cables came late and I had to mine with only two cards for 20 days also internet, mining configurations and other pool related problems were there as well so the first months returns were not good. Only 210$ that I still have in BTC form. But this time only ten days passed and I accumulated more then 0.23 BTC. Now I am waiting for 900$ per BTC to sell my coins and get this months payment. I would call this a good investment considering that you can get payed from the very first day after get your setup ready. Also if we see other businesses in Pakistan this is far better then any of them to do.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
nawazish1
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February 14, 2014, 08:06:12 PM
 #427

You can have a look of my payout history in this screenshot of my Multibit wallet. Smiley Now in light of my above post you can calculate everything your self. Still one payout of 0.026 BTC remaining that will arrive tonight.



PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
Abdussamad (OP)
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February 14, 2014, 08:11:09 PM
 #428

Ok. Good. Thanks for this.

Do you think this mobo here will support 4 GPUs?

http://www.asus.com/Motherboards/P8H61M_LX_R20/#specifications
Abdussamad (OP)
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February 14, 2014, 08:20:48 PM
 #429

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?

nawazish1
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February 14, 2014, 08:23:06 PM
 #430

Ok. Good. Thanks for this.

Do you think this mobo here will support 4 GPUs?

http://www.asus.com/Motherboards/P8H61M_LX_R20/#specifications

Yes it can. You will need three 1X to 16X risers & one 16X to 16X riser.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
nawazish1
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February 14, 2014, 08:27:36 PM
Last edit: February 14, 2014, 08:37:40 PM by nawazish1
 #431

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?



I told you the starting twenty days don't count because there were other problems. This months average is 0.018btc.

I am mining in this pool

https://us.trademybit.com

It mines the most profitable coin and exchanges it for BTC automatically. Ultimately paying you in BTC.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
Abdussamad (OP)
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February 14, 2014, 08:44:37 PM
 #432

Ok here's the sheet if anyone wants to see it:

https://docs.google.com/spreadsheet/ccc?key=0AkZGioJLkfk4dFFhQndCRXo0cWdsS0U4RnAyTFZsZWc&usp=sharing

Thanks again Nawazish.
faiza1990
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February 14, 2014, 08:45:52 PM
 #433

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?



I told you the starting twenty days don't count because there were other problems. This months average is 0.018btc.

I am mining in this pool

https://us.trademybit.com

It mines the most profitable coin and exchanges it for BTC automatically. Ultimately paying you in BTC.
you select most profitable coin for your mining or its select automatically for you

nawazish1
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February 14, 2014, 08:51:32 PM
 #434

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?



I told you the starting twenty days don't count because there were other problems. This months average is 0.018btc.

I am mining in this pool

https://us.trademybit.com

It mines the most profitable coin and exchanges it for BTC automatically. Ultimately paying you in BTC.
you select most profitable coin for your mining or its select automatically for you

AUTO. Cheesy

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
nawazish1
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February 14, 2014, 08:57:03 PM
 #435

Ok here's the sheet if anyone wants to see it:

https://docs.google.com/spreadsheet/ccc?key=0AkZGioJLkfk4dFFhQndCRXo0cWdsS0U4RnAyTFZsZWc&usp=sharing

Thanks again Nawazish.

The Average number is not looking good. I wish my risers could have arrived earlier so that average number looked better. But still even with that number the returns are great as compared to investment. Will provide a new screen shot at the end of this months. That will help us accurately estimate the per day profit.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
faiza1990
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February 14, 2014, 08:59:09 PM
 #436

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?



I told you the starting twenty days don't count because there were other problems. This months average is 0.018btc.

I am mining in this pool

https://us.trademybit.com

It mines the most profitable coin and exchanges it for BTC automatically. Ultimately paying you in BTC.
you select most profitable coin for your mining or its select automatically for you

AUTO. Cheesy
as the btc came near 900$ I will sale some and do this experiment under your supervision 2 Lac is ok for this all project and after this can I have 500$ monthly

nawazish1
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February 14, 2014, 09:02:43 PM
 #437

So I put all of this into a spreadsheet and this is what I'm getting:

Average BTC per day: 0.0152270741
That comes to: 0.0084594856 per Mh/s assuming your rig mines at a steady 1.8Mh/s

So that's even less than the 0.01 BTC per Mh/s that I read about. Still not bad given the conditions over here. What coin do you mine these days?



I told you the starting twenty days don't count because there were other problems. This months average is 0.018btc.

I am mining in this pool

https://us.trademybit.com

It mines the most profitable coin and exchanges it for BTC automatically. Ultimately paying you in BTC.
you select most profitable coin for your mining or its select automatically for you

AUTO. Cheesy
as the btc came near 900$ I will sale some and do this experiment under your supervision 2 Lac is ok for this all project and after this can I have 500$ monthly

This totally depends on the circumstances at the time you start in this. This is a crazy world and anything can change with in hours. Both chances are there. It can be much better then 500$ or can be worst like it is now. In my opinion it is better to invest in hardware then directly in cryptocurrencies. Because hardware is your property that you can sell anytime with out a huge loss of money. Where as cryptos can take you to Hospital. lol.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
hwaleed
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February 15, 2014, 07:58:48 AM
 #438

You can have a look of my payout history in this screenshot of my Multibit wallet. Smiley Now in light of my above post you can calculate everything your self. Still one payout of 0.026 BTC remaining that will arrive tonight.




So nawasizh bro it's your only one month status with crypto currency minings Huh?
nawazish1
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February 15, 2014, 08:13:22 AM
Last edit: February 15, 2014, 08:23:53 AM by nawazish1
 #439

You can have a look of my payout history in this screenshot of my Multibit wallet. Smiley Now in light of my above post you can calculate everything your self. Still one payout of 0.026 BTC remaining that will arrive tonight.

https://i.imgur.com/D3eqDUo.png


So nawasizh bro it's your only one month status with crypto currency minings Huh?

Yes but it is not accurate. Because I wasted more then 20 days due to some problems I mentioned in previous posts. You can also notice the gaps in the payouts.

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
hwaleed
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February 15, 2014, 08:29:47 AM
 #440

If in future difficulties of every crypto currency start rising then it's means new and more heavy hardware will be needed??
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