|
Morguk (OP)
|
 |
December 14, 2013, 12:08:29 AM |
|
So many bad deals going down, are these people doing the math?! Anyone got anything small (15Ghs?) at a good price that will make a return. I'm using this as a calculator http://btc.re/miningcalc |
Calculate the chance of hitting a bitcoin block when solo mining at |
|
|
|
|
|
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
allinvain
Legendary
 Offline
Activity: 3080
Merit: 1080
|
|
December 14, 2013, 01:52:05 AM |
|
Nothing will make a profit these days it seems.
|
|
|
|
|
pontiacg5
|
|
December 14, 2013, 01:53:38 AM |
|
You are looking at the wrong coins.
|
Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
|
|
|
|
Morguk (OP)
|
|
December 14, 2013, 10:34:42 AM |
|
Building a litecoin rig on the side too. I guess I'll leave btc.
|
Calculate the chance of hitting a bitcoin block when solo mining at |
|
|
|
pontiacg5
|
|
December 14, 2013, 06:41:28 PM |
|
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon. Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit. |
Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
|
|
|
miaviator
Donator
Hero Member
Offline
Activity: 686
Merit: 519
It's for the children!
|
|
December 14, 2013, 08:58:26 PM |
|
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon. Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit. Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it. |
|
|
|
|
pontiacg5
|
|
December 14, 2013, 09:38:19 PM |
|
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon. Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit. Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it. Not useless, just worth-less. Bad wording, I'm sorry. Over a span of 6 months or so I'd expect a GPU rig to hold value better, especially if BTC keeps climbing in difficulty. |
Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
|
|
|
miaviator
Donator
Hero Member
Offline
Activity: 686
Merit: 519
It's for the children!
|
|
December 15, 2013, 02:25:55 AM |
|
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon. Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit. Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it. Not useless, just worth-less. Bad wording, I'm sorry. Over a span of 6 months or so I'd expect a GPU rig to hold value better, especially if BTC keeps climbing in difficulty. Worth less money/b yes. Worthless or useless no. You won't mine b with it. That's not the only use and mining any crypto coin is not the only profitable use of that hardware. |
|
|
|
coinmuse
Newbie
Offline
Activity: 54
Merit: 0
|
|
December 15, 2013, 03:08:25 AM |
|
Step 1: Bought an ASIC rig
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
|
|
|
|
|
miaviator
Donator
Hero Member
Offline
Activity: 686
Merit: 519
It's for the children!
|
|
December 15, 2013, 03:18:22 AM |
|
Step 1: Bought an ASIC rig
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
Lol. Different scenario. Keep repeating that equation though it adds up over time. I don't think I'll understand eBay buyers in my lifetime. |
|
|
|
coinmuse
Newbie
Offline
Activity: 54
Merit: 0
|
|
December 15, 2013, 04:01:28 AM |
|
Actually, I also bought some of the hardware in question on eBay myself ;-)
|
|
|
|
|
|
