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Author Topic: BTC Price drop, huge cut in Pool Hash Rate  (Read 5871 times)
AngelusWebDesign
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September 09, 2011, 06:36:41 PM
 #21

I agree...

Any drop in hashrate right now is so small, it's lost in the fog of variance and luck.
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bcpokey
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September 09, 2011, 06:37:07 PM
 #22

im still in with my "free" electricity here in the office.

worst case, i have some nice gaming cards! its a win/win here.

I'm spending my time trying to get my 5870 tri-fire setup going Wink

Game on!
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September 09, 2011, 06:40:31 PM
 #23

I'm still mining cos I'm waiting for hookers to accept BTC.... then the price will skyrocket!  Grin
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September 09, 2011, 07:11:24 PM
 #24

If you are only in bitcoin for profit, you should turn off ur rigs when your electric cost exceeds the value of BTC produced.
If you continue to mine, thinking bitcoin will increase in value in the future, you would be better off just buying it outright.
Buying BTC at below your production cost will save you some $, and at the same time raise the price of BTC.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
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September 09, 2011, 07:11:54 PM
 #25

According to your sigline, you're pulling 826 MH/s.
That's 0.42 BTC/day, or $2.01 at the current market rate for BTC ($4.80)

2 bucks.

I never understood why someone has to use today's price to determine whether to mine.

Maybe it's better to look at this this way, I'm buying 1 Bitcoin per day at the cost of $2 USD in electricity. Of course I'm going to keep mining, because I want the Bitcoin, I don't care about the USD, I get paid in those and they are worth less and less every passing day.

Part of me is happy these Bitcoin mining operations are looking at decreased profits, because it keeps this thing an enthusiast's game.

OrganofCorti's Neighbourhood Pool Watch - The most informative website on blockchain health
EskimoBob
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September 11, 2011, 10:47:40 AM
 #26

I turned mine off.

Same here. No point mining with those electricity and BTC prices.

Here are 2 good calculators:
http://bitcoinx.com/profit/
and
http://striketeam.ath.cx/btccalc/btccalc.php






 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
tonto
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September 11, 2011, 06:16:59 PM
 #27

I'm still going!  I used to do SETI@home and then folding@home.  So I wasted my electricity for shit that didn't return any money.  So I'm still in for an indefinite amount of time.

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stryker
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September 11, 2011, 07:33:15 PM
 #28

deepbit is usually at/aroung 5400 gh/s but its more like 4800 gh/s now so theres some drop
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