Bitcoin Forum
April 24, 2018, 11:29:00 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: BTC Price drop, huge cut in Pool Hash Rate  (Read 6049 times)
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
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.
1524569340
Hero Member
*
Offline Offline

Posts: 1524569340

View Profile Personal Message (Offline)

Ignore
1524569340
Reply with quote  #2

1524569340
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bcpokey
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500



View Profile
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!
stryker
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
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

           ▄▄█████████▄▄
       ▄████▀▀       ▀▀████▄
     ▄██▀▀               ▀▀██▄
    ██▀                    ████
   ██                     ███▀██
  ██                    ▄██▀   ██
 ██                    ▄██      ██
██▀                  ▄██▀      ▄███
██                  ▄██      ▄██▀██
██                 ██▀    ▄███▀  ██
██               ▄██▀   ▄██▀     ██
██▄             ▄██  ▄███▀      ▄██
 ██           ▄██▀ ▄██▀         ██
  ██         ▄██▄███▀          ██
   ██       █████▀            ██
    ██▄   ▄████▀            ▄██
     ▀██▄███▀            ▄▄██▀
       ▀████▄▄       ▄▄████▀
           ▀▀█████████▀▀
L I V E T R E E   A D E P T TM
Own the future of entertainment
The World's 1st Community-Powered,
Film, TV and Content Network  ★
chungenhung
Legendary
*
Offline Offline

Activity: 1134
Merit: 1000


View Profile
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
Raize
Donator
Legendary
*
Offline Offline

Activity: 1414
Merit: 1004


View Profile
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
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


Quality Printing Services by Federal Reserve Bank


View Profile
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
Hero Member
*****
Offline Offline

Activity: 609
Merit: 500


View Profile
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.
stryker
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
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

           ▄▄█████████▄▄
       ▄████▀▀       ▀▀████▄
     ▄██▀▀               ▀▀██▄
    ██▀                    ████
   ██                     ███▀██
  ██                    ▄██▀   ██
 ██                    ▄██      ██
██▀                  ▄██▀      ▄███
██                  ▄██      ▄██▀██
██                 ██▀    ▄███▀  ██
██               ▄██▀   ▄██▀     ██
██▄             ▄██  ▄███▀      ▄██
 ██           ▄██▀ ▄██▀         ██
  ██         ▄██▄███▀          ██
   ██       █████▀            ██
    ██▄   ▄████▀            ▄██
     ▀██▄███▀            ▄▄██▀
       ▀████▄▄       ▄▄████▀
           ▀▀█████████▀▀
L I V E T R E E   A D E P T TM
Own the future of entertainment
The World's 1st Community-Powered,
Film, TV and Content Network  ★
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!