Bitcoin Forum
January 21, 2020, 11:50:07 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How many miners are calling it quits?  (Read 924 times)
airdata
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
August 08, 2011, 12:45:38 PM
 #1

This is not just a doom&gloom troll thread.  I'm being serious.

I have a $600 electric bill at my house due in a week and am running up another as we speak.  With the current price of bitcoins, I'll barely be paying for my electric bill and suspect many others who have more expensive electricity are in the same boat.

Seen a ton of stuff in the for sale section as well as my local craigslist.

Is this the week of the miner mass exodus?
1579607407
Hero Member
*
Offline Offline

Posts: 1579607407

View Profile Personal Message (Offline)

Ignore
1579607407
Reply with quote  #2

1579607407
Report to moderator
1579607407
Hero Member
*
Offline Offline

Posts: 1579607407

View Profile Personal Message (Offline)

Ignore
1579607407
Reply with quote  #2

1579607407
Report to moderator
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579607407
Hero Member
*
Offline Offline

Posts: 1579607407

View Profile Personal Message (Offline)

Ignore
1579607407
Reply with quote  #2

1579607407
Report to moderator
1579607407
Hero Member
*
Offline Offline

Posts: 1579607407

View Profile Personal Message (Offline)

Ignore
1579607407
Reply with quote  #2

1579607407
Report to moderator
Man From The Future
Sr. Member
****
Offline Offline

Activity: 371
Merit: 250



View Profile
August 08, 2011, 12:47:35 PM
 #2

Code:
Bitcoin difficulty
Block Time Difficulty Ratio
Last 139104 01/08/2011 08:11 1'890'361.69 x0.96
Instant 139978-140098 08/08/2011 12:45 1'627'361.92 x0.86
Next 141120 16/08/2011 18:37 1'714'640.86 x0.91

THE ONE STOP SOLUTION FOR THE CRYPTO WORLD
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Facebook   /  Twitter   /  Reddit   /  Medium   /  Youtube   /
      ▄▄█████████▄▄
   ▄█████████████████▄
  █████▀▀  ███  ▀▀█████
 ████     █████     ████
████     ███████
███▀    ████ ████
███▄   ████   ████
████  ████▄▄▄▄▄████  ████
 ███████████████████████
  █████▄▄       ▄▄█████
   ▀█████████████████▀
      ▀▀█████████▀▀

▄██▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
▄██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
▄█▀                       ▀█▄
▄▄▄▄ ▄█                           █▄ ▄▄▄▄
█   ███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███   █
▀▀█▀                                 ▀█▀▀
▄▀                                     ▀▄
▄▄▀▄▄▄▄                                 ▄▄▄▄▀▄▄
█       ▀▀▄                           ▄▀▀       █
█          █                         █          █
█▀▀▄▄▄▄▄▄▄███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███▄▄▄▄▄▄▄▀▀█
▒▀▄       ██▀▀▀▀▀▀▀▀▀▀▀▀█▀█▀▀▀▀▀▀▀▀▀▀▀▀██       ▄▀▒
▒█▀▀▀▀▄▄  █              ▀              █  ▄▄▀▀▀▀█▒
▒█      █ ▀▄                           ▄▀ █      █▒
▒▀▄▀▄▄▄▄▀  █▀▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀▀█  ▀▄▄▄▄▀▄▀▒
▒▒▒▀▄▄▄▄▄ █                             █ ▄▄▄▄▄▀▒▒▒
 ▒▒▒▒▒▒▀▀▀▀▀▄▄▄▄▄▄███████████████▄▄▄▄▄▄▀▀▀▀▒▒▒▒▒▒▒
██
██
██
██
██
██
██
██
██
██
██
██
Nyx
Sr. Member
****
Offline Offline

Activity: 274
Merit: 250



View Profile
August 08, 2011, 12:48:48 PM
 #3

no, the prices are still to high for a mass exodus Grin

perhaps around 4 $

- Einfach sicherer und schneller BTC-Handel über Bitcoin.de
airdata
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile
August 08, 2011, 01:02:36 PM
 #4

I'm thinking of just selling a couple things this week to cover electricity costs and downgrade a bit.

Of course it doesn't help that the market is already flooded w\ used video cards Smiley
Keefe
Hero Member
*****
Offline Offline

Activity: 681
Merit: 500


View Profile
August 08, 2011, 01:05:50 PM
 #5

I'm not quitting yet. But below $5.55/BTC, I'll have to idle my miners, and buy on the market instead if I want to continue increasing my holdings.

brocktice
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250


Apparently I inspired this image.


View Profile WWW
August 08, 2011, 01:08:37 PM
 #6

Mining is still profitable for me, in a datacenter, though just barely. I'm mining not just for the money (bought the miners with bitcoin profits), but also for the security of the network.

However, DC space is expensive. If I lose money for two months straight I may have to consider scaling down. All depends on prices and how my people exit first.

http://media.witcoin.com/p/1608/8----This-is-nuts

My #bitcoin-otc ratings: http://bitcoin-otc.com/viewratingdetail.php?nick=brocktice&sign=ANY&type=RECV

Like my post? Leave me a tip: 15Cgixqno9YzoKNEA2DRFyEAfMH5htssRg
finnthecelt
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
August 08, 2011, 02:50:45 PM
 #7

I'm not quitting yet. But below $5.55/BTC, I'll have to idle my miners, and buy on the market instead if I want to continue increasing my holdings.

I'll have to find my number as well. It would be goofy to run at a loss and not just buy the BTC outright. I'll keep my 5830's running though for posterity's sake.
Pages: [1]
  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!