goastler (OP)
Newbie
 Offline
Activity: 52
Merit: 0
|
 |
October 17, 2013, 04:09:08 PM |
|
Basically, should I sell up? I've got a blade and a block erupter both mining a range of cryptocurrencies (Mainly PPC, BTC and XJO), but the look of this http://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-batch/ and this http://www.butterflylabs.com/monarch/ don't fill me with confidence for the future. I know butterfly labs isn't known for shipping their items promptly, but even so, when 1TH/s machine like those come around my blade is going to pull in next to nothing and my erupter is as good as scrap metal by my reckoning. What do you guys think? And if I should sell up, when? |
|
|
|
|
|
|
|
|
|
|
|
|
|
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
marcovaldo
|
|
October 17, 2013, 04:13:23 PM |
|
You can do whatever you want. Why would anyone tell you what to do?
And why should you trust it better than yourself?
|
| BITEX |
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
| The First Locally-Embedded, Yet Global, Crypto-Bank
|
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
███ ███ ███
| WHITEPAPER | ANN
JOIN WHITELIST NOW!
|
|
|
|
|
greyhawk
|
|
October 17, 2013, 04:14:38 PM |
|
First things first you should clean the kitchen. It's a mess. Also remember to take the dog for a walk and to water the plants.
|
|
|
|
|
|
tinus42
|
|
October 17, 2013, 04:21:41 PM |
|
I'll keep on mining until I get no more coins out of my Block Erupter. Have 3 more on the way. If you just see it as a hobby there's no reason to quit.
|
|
|
|
|
goastler (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
October 17, 2013, 04:33:03 PM |
|
I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK
|
|
|
|
|
|
Birdy
|
|
October 17, 2013, 04:44:36 PM |
|
I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK
Okey, my opinion: Mining is not profitable anymore, unless you are a company producing the mining equipment. |
|
|
|
|
goastler (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
October 17, 2013, 06:59:29 PM |
|
Okay thanks, that's given me stuff to think about  I was thinking of setting up my own pool to try and generate some profit.... It'd be far easier than becoming a hardware manufacturer :L |
|
|
|
|
Remember remember the 5th of November
Legendary
Offline
Activity: 1862
Merit: 1011
Reverse engineer from time to time
|
|
October 17, 2013, 07:13:04 PM |
|
May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.
|
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
|
|
|
Johnny Bitcoinseed
Full Member
Offline
Activity: 154
Merit: 100
Johnny Bitcoinseed
|
|
October 17, 2013, 07:13:16 PM |
|
As with the gold rushes of the 1800's, 99 times out of a 100 it was the suppliers to the miners and not the miners who made their fortunes. A few of the first miners to get there may have done well, but few afterwards. Nothing much changed, just the venue.
|
|
|
|
|
tinus42
|
|
October 17, 2013, 07:36:43 PM |
|
May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.
Did you really mine solo with Block Erupters? Can you give any details?  |
|
|
|
|
goastler (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
October 17, 2013, 09:08:47 PM |
|
That's a brilliant idea, I've got them hooked up to a RPi so the energy usage will be minuscule. Did you really manage to find a bitcoin block on solo? Wow, I'm pretty impressed How do you solo mine? |
|
|
|
|
|
fattypig
|
|
October 18, 2013, 01:14:48 PM |
|
May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.
That's worse then lottery... |
|
|
|
|
