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Author Topic: Selling up  (Read 1252 times)
goastler
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October 17, 2013, 04:09:08 PM
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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?

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marcovaldo
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October 17, 2013, 04:13:23 PM
 #2

You can do whatever you want. Why would anyone tell you what to do?
And why should you trust it better than yourself?

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greyhawk
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October 17, 2013, 04:14:38 PM
 #3

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.
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October 17, 2013, 04:21:41 PM
 #4

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
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October 17, 2013, 04:33:03 PM
 #5

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

Rent 'n' Mine - Private Custom Mining for You! No Utility Bills, No Lengthy Setup, No Hassle! (http://www.ebay.co.uk/sch/goastler/m.html?_nkw=&_armrs=1&_ipg=&_from=)
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October 17, 2013, 04:44:36 PM
 #6

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
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October 17, 2013, 06:59:29 PM
 #7

Okay thanks, that's given me stuff to think about Smiley 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

Rent 'n' Mine - Private Custom Mining for You! No Utility Bills, No Lengthy Setup, No Hassle! (http://www.ebay.co.uk/sch/goastler/m.html?_nkw=&_armrs=1&_ipg=&_from=)
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October 17, 2013, 07:13:04 PM
 #8

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
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October 17, 2013, 07:13:16 PM
 #9

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.

Sincerely I am, Johnny BitcoinSeed .com
tinus42
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October 17, 2013, 07:36:43 PM
 #10

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? Shocked
goastler
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October 17, 2013, 09:08:47 PM
 #11

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 Smiley How do you solo mine?

Rent 'n' Mine - Private Custom Mining for You! No Utility Bills, No Lengthy Setup, No Hassle! (http://www.ebay.co.uk/sch/goastler/m.html?_nkw=&_armrs=1&_ipg=&_from=)
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October 18, 2013, 01:14:48 PM
 #12

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...

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