Bitcoin Forum
January 20, 2017, 09:51:21 AM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: delete  (Read 3062 times)
BitcoinEXpress
Legendary
*
Offline Offline

Activity: 1246



View Profile
August 07, 2011, 09:27:57 PM
 #1

delete

1484905881
Hero Member
*
Offline Offline

Posts: 1484905881

View Profile Personal Message (Offline)

Ignore
1484905881
Reply with quote  #2

1484905881
Report to moderator
1484905881
Hero Member
*
Offline Offline

Posts: 1484905881

View Profile Personal Message (Offline)

Ignore
1484905881
Reply with quote  #2

1484905881
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1484905881
Hero Member
*
Offline Offline

Posts: 1484905881

View Profile Personal Message (Offline)

Ignore
1484905881
Reply with quote  #2

1484905881
Report to moderator
1484905881
Hero Member
*
Offline Offline

Posts: 1484905881

View Profile Personal Message (Offline)

Ignore
1484905881
Reply with quote  #2

1484905881
Report to moderator
1484905881
Hero Member
*
Offline Offline

Posts: 1484905881

View Profile Personal Message (Offline)

Ignore
1484905881
Reply with quote  #2

1484905881
Report to moderator
hmblm1245
Hero Member
*****
Offline Offline

Activity: 635


View Profile
August 07, 2011, 09:31:31 PM
 #2

Because i do not have to pay for power.  Smiley
1.21gigawatts
Member
**
Offline Offline

Activity: 98


View Profile
August 07, 2011, 09:37:48 PM
 #3

Because they mine when they aren't playing video games?
NickW
Newbie
*
Offline Offline

Activity: 27


View Profile
August 07, 2011, 09:43:20 PM
 #4

You can make 50 BTC or more per 24 hours with far less hashing power if you're lucky.

What's your point?

1DRCGzEkMhhzieEkDg3e8kUKt1mVM5uqNs
bitplane
Sr. Member
****
Offline Offline

Activity: 321

Firstbits: 1gyzhw


View Profile WWW
August 07, 2011, 10:24:45 PM
 #5

Don't you mean "how can the professional miners hang on?"

As a casual miners I don't care about the electricity cost, hell, most nights my girlfriend leaves the TV on all night but it's not going to break the bank.
NickW
Newbie
*
Offline Offline

Activity: 27


View Profile
August 07, 2011, 10:39:50 PM
 #6

You can make 50 BTC or more per 24 hours with far less hashing power if you're lucky.

What's your point?

I asked a legit question, but I'll see if I can dig up some crayon font and explain it to you. Grin

"It takes a Minumum of 1.875 G/hps to make 1BTC/24hr"

That is just not true.

"At the current difficulty, it takes 1.875 Ghps on average to make 1 BTC per day"

Would be better.

(I'm not intending to be a dick even though it may appear the opposite)

1DRCGzEkMhhzieEkDg3e8kUKt1mVM5uqNs
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
August 07, 2011, 11:25:58 PM
 #7

I'm probably a "casual miner", and the computers do a nice job heating the house - at the moment I cover my electricity bill (for computers and other appliances), so it's ok.  However, I have more coins purchased with actual cash and watching the panic on the trading screens is fun.
Quix
Full Member
***
Offline Offline

Activity: 175


View Profile
August 07, 2011, 11:35:58 PM
 #8

Don't you mean "how can the professional miners hang on?"

As a casual miners I don't care about the electricity cost, hell, most nights my girlfriend leaves the TV on all night but it's not going to break the bank.

Seriously, it's the "professional" miners who this is going to affect. Those of us who just do this for fun haven't really lost anything. Electricity is the same price and our hardware is paid off so we can keep going pretty much forever. I personally could afford to power my Bitcoin mining rigs (or folding@home rigs should things change) indefinitely without it really costing me more than I care to spend (assuming 0 rate of return on my mining). The electricity isn't really that much money, although I live in a place where the power is $0.08 kw/h so your mileage may differ.

The real problem is trying to turn Bitcoin into a business. Only for one shining moment did this make sense and it looks that that time is long gone.
TeaRex
Member
**
Offline Offline

Activity: 78


View Profile
August 07, 2011, 11:42:47 PM
 #9

And with something like micro combined heat and power, bitcoin mining wouldn't cost any more than heating the house. At least in the colder season.

*Image Removed*
I'm not asking for donations, but if you think YOUR post is deserving a donation FROM me, send me a message.
ampirebus
Member
**
Offline Offline

Activity: 84


View Profile
August 07, 2011, 11:59:26 PM
 #10

you forget one thing Topic creator,


many people with high end comptuers or video cards already left their machines on 24/7 for torrents or seedboxing or what have you... i never turned mine off before so i dont lose any money at all mining compared to my previous (wasteful) habits
willphase
Hero Member
*****
Offline Offline

Activity: 770


View Profile
August 08, 2011, 12:03:29 AM
 #11

you forget one thing Topic creator,


many people with high end comptuers or video cards already left their machines on 24/7 for torrents or seedboxing or what have you... i never turned mine off before so i dont lose any money at all mining compared to my previous (wasteful) habits

My PC uses 120W when not mining and 480W when mining... The 'I always leave my pc on' argument only goes so far.

Will

shotgun
Member
**
Offline Offline

Activity: 98



View Profile
August 08, 2011, 12:36:22 AM
 #12

It takes a Minumum of 1.875 G/hps to make 1BTC/24hr.

With current prices at $6-7 how do the casual miners hang on?

depends where you pool. ex: coinotron took >1month to mind a block, so it took far longer for my 3.5ghash (at that time) to generate 1BTC, however at Deepbit my 4Ghash (approx current +/- 10% dep on stales) generates >2.5BTC/d.

<luke-jr> Catholics do not believe in freedom of religion.
ampirebus
Member
**
Offline Offline

Activity: 84


View Profile
August 08, 2011, 01:20:19 AM
 #13

you forget one thing Topic creator,


many people with high end comptuers or video cards already left their machines on 24/7 for torrents or seedboxing or what have you... i never turned mine off before so i dont lose any money at all mining compared to my previous (wasteful) habits

My PC uses 120W when not mining and 480W when mining... The 'I always leave my pc on' argument only goes so far.

Will

i notice about a 7 dollar increase in my power bill per month from mining and i leave 2 750watt PSUs on 24/7 ... my point is 300 watts or whatever for a casual person is like leaving a few lightbulbs on without turning them off... its nothing at all

not to mention electricity costs less at night time than day time or w/e the peak hours are
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
August 08, 2011, 01:55:38 AM
 #14


Those of us who just do this for fun haven't really lost anything. Electricity is the same price and our hardware is paid off so we can keep going pretty much forever.

Um, I spend about $500/month on electricity (and at a minimum half of that is computers and probably closer to 70%).  Also, I am down a  few thousand dollars in the bitcoin market based on the current cash-out price.

But I do this for fun and that's the trade-off.
Shinobi
Full Member
***
Offline Offline

Activity: 196


View Profile
August 08, 2011, 02:00:46 AM
 #15

Wow, you're idea of fun is quite expensive.


Those of us who just do this for fun haven't really lost anything. Electricity is the same price and our hardware is paid off so we can keep going pretty much forever.

Um, I spend about $500/month on electricity (and at a minimum half of that is computers and probably closer to 70%).  Also, I am down a  few thousand dollars in the bitcoin market based on the current cash-out price.

But I do this for fun and that's the trade-off.

_______
Thinking of using a cheap, yet reliable VPN? Go with PrivateInternetAccess. Not a referral link. Just a satisfied customer!
Bazil
Full Member
***
Offline Offline

Activity: 126


View Profile
August 08, 2011, 02:07:14 AM
 #16

At the current prices you'd need to make 8BTC a day to reach minimum wage in the US.  What kind of machine would you need for that?  Probably not worth it.

17Bo9a6YpXN2SbwY8mXLCD43Wup9ZE4rwm
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
August 08, 2011, 02:16:11 AM
 #17

Wow, you're idea of fun is quite expensive.


Yes, but then I expect the current mayhem to die down, and in a couple of years it will be "normal" again and the paper losses will turn into profits.

My other hobbies are also expensive, that's why I have a day job.
geek-trader
Sr. Member
****
Offline Offline

Activity: 294


View Profile
August 08, 2011, 02:20:01 AM
 #18

Yes, it is totally not worth it, please, everyone shut off your rigs.

(damn I hope the difficulty goes down   Grin )

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
Play my FREE HTML5 games at: http://magigames.org  BTC donations accepted.
muyoso
Member
**
Offline Offline

Activity: 84



View Profile
August 08, 2011, 02:39:04 AM
 #19

If that person with 1875MHash/s was pool hopping he would make 1-2.5 BTC a day depending on luck.

I drink it up!
naypalm
Legendary
*
Offline Offline

Activity: 1218


AFK :/


View Profile WWW
August 08, 2011, 07:32:15 AM
 #20

The cruddy prices don't really effect me. I mine in minecraft on my minecraft server on my bitcoin mining rig.  Cool

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!