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Poll
Question: What is the main reason you mine bitcoin?
For profit, duh - 92 (38.5%)
Just for fun - 74 (31%)
To help securing the network - 26 (10.9%)
I stopped mining because of difficulty increase - 20 (8.4%)
I still don't mine yet but considering it - 13 (5.4%)
I don't mine and probably never will - 11 (4.6%)
huh? mining? - 3 (1.3%)
Total Voters: 239

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Author Topic: POLL - Why are you mining?  (Read 6091 times)
thew3apon
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November 01, 2013, 03:35:52 PM
 #41

At first it was about profit. But later became for fun and education purposes.
Korporal
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November 03, 2013, 11:11:27 AM
 #42

Mining helps motivate me to build an energy neutral computer system that could potentially generate revenue. (So I guess its a hobby.  Grin )

I have a large used tractor battery (heavy as all hell), solar panels, inverters and now I'm trying to build a low watt mining rig with wifi (the rig is in an out building).

I'm checking out the Rasberry Pi units atm...
Puppet
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November 03, 2013, 11:28:18 AM
 #43

Stopped mining when it was time to sell my GPU farm. Never got in to asic mining because it was predictable it couldnt be profitable (on average) for miners. May get in to mining again once the current storm has passed and mining becomes a razor thin margin but somewhat predictable venture again. Probably 6-9 months from here.
madcratebuilder
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November 03, 2013, 01:19:25 PM
 #44

I love mysterious looking electronic devices with blinky lights. I guess that falls under fun.

Me too, plus it keeps my office nice and toasty.
Golph
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November 03, 2013, 01:51:12 PM
 #45

For Bitcoin duhhhh and for profit Smiley

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torry28
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November 03, 2013, 01:55:38 PM
 #46

Nice pool, I dont mine and will never start.

The hashing units just cost too much
beegatewood
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November 03, 2013, 02:59:53 PM
 #47

For profit, but looks like the more people aiming for the profit, the worse it is....

ScryptAsic
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November 04, 2013, 01:40:26 AM
 #48

Well, bought 1 USB erupter just for education purposes. Not going to ROI i know Smiley
SquallLeonhart
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November 04, 2013, 02:20:07 PM
 #49

For the heat Smiley, and its pretty addicting once you start mining..
cassimares
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November 04, 2013, 03:12:52 PM
 #50

Profit, I don't believe people spend few K and not want to profit?

Moogle
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November 04, 2013, 08:31:58 PM
 #51

For profit! Turned out mining wasn't the way to go about it :-P
Would have made a dew quid by now I'd I hadn't been scammed outta 8btx when they were at $130 :-(

cassimares
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November 05, 2013, 12:32:49 AM
 #52

For profit! Turned out mining wasn't the way to go about it :-P
Would have made a dew quid by now I'd I hadn't been scammed outta 8btx when they were at $130 :-(

Haha, same here, never knew mining would have been like this....

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November 05, 2013, 12:51:58 AM
 #53

My calculations tell me I can make more money selling my BFL SC Single on eBay than by mining, but I just can't bear the thought of parting with it!  So I guess my real motivation must be for the fun of it.  I love being a Bitcoin miner!

Tips much appreciated! 1PPJHDawPvjh6MEzsvXrMYLgpLmyAaNXUc
brioche
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November 05, 2013, 11:04:19 PM
 #54

Mostly I mine because around here the best I can get is part-time work at some piddly 7.25hr, mining offers a significant boost to my income.

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MassDivide
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November 06, 2013, 09:47:04 PM
 #55

Trying to buy a new car and fund my games I'm designing.
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November 08, 2013, 02:24:45 PM
 #56

Profit, mining is suppose to boost my income and not reduce.... Since now the Bitcoin price is increasing I have a better time break-even since I paid in USD....

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November 08, 2013, 08:15:35 PM
 #57

To extract maximum value from sunk costs.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
lightfoot
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November 08, 2013, 08:18:07 PM
 #58

It's a hobby that is paying for itself. I've made back my purchase price on my Jally, I got to overclock it and pay that off, now I'm going to toss another pair of chips into it and see what happens. Best case I pay off my investment on my Aoyue air tools.

If it fails, no big loss.

C
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November 10, 2013, 06:36:35 PM
 #59

I had block erupters before my avalon. They are absolutely useless, dont bother with them Smiley
lightfoot
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November 11, 2013, 01:11:26 AM
 #60

Indeed, 300mh is pretty much useless. Right now I'm turbo-boosting my Jalapeno from 5gh to 24gh for about $125. Should be able to double my money on it, but that's about it.

C
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