Bitcoin Forum
February 02, 2023, 07:05:36 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
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

Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: POLL - Why are you mining?  (Read 6019 times)
thew3apon
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
November 01, 2013, 03:35:52 PM
 #41

At first it was about profit. But later became for fun and education purposes.
1675364736
Hero Member
*
Offline Offline

Posts: 1675364736

View Profile Personal Message (Offline)

Ignore
1675364736
Reply with quote  #2

1675364736
Report to moderator
1675364736
Hero Member
*
Offline Offline

Posts: 1675364736

View Profile Personal Message (Offline)

Ignore
1675364736
Reply with quote  #2

1675364736
Report to moderator
1675364736
Hero Member
*
Offline Offline

Posts: 1675364736

View Profile Personal Message (Offline)

Ignore
1675364736
Reply with quote  #2

1675364736
Report to moderator
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675364736
Hero Member
*
Offline Offline

Posts: 1675364736

View Profile Personal Message (Offline)

Ignore
1675364736
Reply with quote  #2

1675364736
Report to moderator
Korporal
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
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
Legendary
*
Offline Offline

Activity: 980
Merit: 1031


View Profile
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
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
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
Full Member
***
Offline Offline

Activity: 153
Merit: 100


View Profile
November 03, 2013, 01:51:12 PM
 #45

For Bitcoin duhhhh and for profit Smiley

Get Daily Free SIGNs before too late. SyeED5YaZeVPows6Zx9z1hJ7twNJrKLrJB
torry28
Legendary
*
Offline Offline

Activity: 1680
Merit: 1001


View Profile
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
Sr. Member
****
Offline Offline

Activity: 297
Merit: 250


View Profile
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
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500


GainerCoin.com 🔥 Masternode coin 🔥


View Profile WWW
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
Legendary
*
Offline Offline

Activity: 2044
Merit: 1097



View Profile
November 04, 2013, 02:20:07 PM
 #49

For the heat Smiley, and its pretty addicting once you start mining..

       ███████████████▄▄
    ██████████████████████▄
  ██████████████████████████▄
 ███████   ▀████████▀   ████▄
██████████    █▀  ▀    ██████▄
███████████▄▄▀  ██  ▀▄▄████████
███████████          █████████
███████████▀▀▄  ██  ▄▀▀████████
██████████▀   ▀▄  ▄▀   ▀██████▀
 ███████  ▄██▄████▄█▄  █████▀
  ██████████████████████████▀
    ██████████████████████▀
       ███████████████▀▀
.
.Duelbits.
.
..THE MOST REWARDING CASINO......
   ▄▄▄▄████▀███▄▄▄▄▄
▄███▄▀▄██▄   ▄██▄▀▄███▄
████▄█▄███▄█▄███▄█▄████
███████████████████████   ▄██▄
██     ██     ██     ██   ▀██▀
██ ▀▀█ ██ ▀▀█ ██ ▀▀█ ██    ██
██  █  ██  █  ██  █  ██
█▌  ██
██     ██     ██     ████  ██
█████████████████████████  ██
████████████████████████████▀
█████████████████████████
█████████████████████████
████████████████████████▌
       +4,000       
PROVABLY FAIR
GAMES
   $500,000   
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
cassimares
Full Member
***
Offline Offline

Activity: 236
Merit: 100


View Profile WWW
November 04, 2013, 03:12:52 PM
 #50

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

Moogle
Full Member
***
Offline Offline

Activity: 238
Merit: 100


KUPO!


View Profile WWW
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
Full Member
***
Offline Offline

Activity: 236
Merit: 100


View Profile WWW
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....

jzcjca00
Sr. Member
****
Offline Offline

Activity: 263
Merit: 250


View Profile
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
Full Member
***
Offline Offline

Activity: 192
Merit: 100



View Profile
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.

\   \  \ \\\\\\\\\\\\\\\\◥◣◢◤//////////////// /  /   /
North Carolina ❖ First in Flight ❖ /   /  / ////////////////◢◤◥◣\\\\\\\\\\\\\\\\ \  \   \
MassDivide
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile WWW
November 06, 2013, 09:47:04 PM
 #55

Trying to buy a new car and fund my games I'm designing.
TheDragonSlayer
Sr. Member
****
Offline Offline

Activity: 273
Merit: 250


View Profile
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....

aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
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
Legendary
*
Offline Offline

Activity: 2968
Merit: 2177


I fix broken miners. And make holes in teeth :-)


View Profile
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
AvalonMiner
Member
**
Offline Offline

Activity: 84
Merit: 10

Im a Cloud Miner!


View Profile WWW
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
Legendary
*
Offline Offline

Activity: 2968
Merit: 2177


I fix broken miners. And make holes in teeth :-)


View Profile
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
Pages: « 1 2 [3] 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!