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LuckyKey
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August 14, 2014, 02:01:39 PM |
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106 difficulty ?!
Net Hashrate
6,692.99 MH/s
All the new brought mining hardware is coming on-line and it really has very few places to go now. With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner. At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not). Average returns have about halved in the last 30 days alone. It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future. It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best, before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks.....  T What's worse is what happens when you throw 750 Mh/s towards mining solarcoins at that difficulty - it only nets you 14,000 SLR/day! Yeah, this kicked me off SLR. I went from 4k a day to 800. Talk about "what's worse".......I am one of the lucky ones that recently bought a ton of Gridseeds. Still owe 25K for that investment and have only 55mh/s of mining power, that was over $200 a day a very short time ago. I managed to build a decent portfolio of coins as I knew quickly I was in trouble so stuck with just mining and holding coins I researched and found to most promising. Only hope now to pay off my equipment now is to hold what I got and hope 1 or 2 of em go big. I gues worst case scenario I wait a couple years and Solar Coin saves my ass.........fortunately SLR had just launched and caught my attention as I entered this insane crypto world and I now have a good chunk of them. I know if all the others fail me, SLR will save me in the end:-) But yeah, I am sucking in my situation right now. I do have one now small saving grace in that I feed my Gridseeds with solar energy so I will at least be able to keep em running a bit longer and still have profit.......not much of course, but something anyways. Point those gridseeds back at slr, the difficulty is approaching single digits right now! :-) |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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IMJim
Legendary
 Offline
Activity: 1260
Merit: 1000
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August 14, 2014, 07:18:13 PM |
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Thanks man........yeah, I saw it had gone way down before I crashed last night so switched em back over:-)
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passionsurf
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August 14, 2014, 07:50:01 PM |
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106 difficulty ?!
Net Hashrate
6,692.99 MH/s
All the new brought mining hardware is coming on-line and it really has very few places to go now. With LTE down the toilet and average mining returns down to 0.00035BTC on most pools it is all becoming a little sad for the average miner. At electricity rates prevailing here in NZ 0.00040 is about zero profit after power costs for anything other than the very latest ASICs (and mine are not). Average returns have about halved in the last 30 days alone. It is hardly surprising that so much hash is coming SLR's way, it it being seen as a future coin, or even a coin with a future. It must be quite frustrating to have a shiny new 100GHz scrypt miner setup and know that it has but a few short weeks, months at best, before you have to put it into the loft to join the BetaMax VCRs and 8 Tracks..... T What's worse is what happens when you throw 750 Mh/s towards mining solarcoins at that difficulty - it only nets you 14,000 SLR/day! Yeah, this kicked me off SLR. I went from 4k a day to 800. Talk about "what's worse".......I am one of the lucky ones that recently bought a ton of Gridseeds. Still owe 25K for that investment and have only 55mh/s of mining power, that was over $200 a day a very short time ago. I managed to build a decent portfolio of coins as I knew quickly I was in trouble so stuck with just mining and holding coins I researched and found to most promising. Only hope now to pay off my equipment now is to hold what I got and hope 1 or 2 of em go big. I gues worst case scenario I wait a couple years and Solar Coin saves my ass.........fortunately SLR had just launched and caught my attention as I entered this insane crypto world and I now have a good chunk of them. I know if all the others fail me, SLR will save me in the end:-) But yeah, I am sucking in my situation right now. I do have one now small saving grace in that I feed my Gridseeds with solar energy so I will at least be able to keep em running a bit longer and still have profit.......not much of course, but something anyways. Point those gridseeds back at slr, the difficulty is approaching single digits right now! :-) It's wild how much money people have put into mining. I'm completely out now. I sold my last 1.3MH/s Fury last week. And most of my SLR I've accumulating by buying them, not mining them. I only managed to mine about 150k in SLR, and that is since January. |
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passionsurf
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August 14, 2014, 07:53:12 PM |
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I just noticed that BTC has dropped to close to 500. It looks like it's time to buy more BTC so I can use them to purchase more SLR  |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 14, 2014, 10:26:33 PM |
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Yeah man, I realized right away I should have invested that capital straight into currencies instead of mining equipment, my portfolio would look a whole lot different right now. Gotta hold the hope I picked some winners and couple I have go big.
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passionsurf
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August 15, 2014, 12:46:59 AM |
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Yeah man, I realized right away I should have invested that capital straight into currencies instead of mining equipment, my portfolio would look a whole lot different right now. Gotta hold the hope I picked some winners and couple I have go big.
I was so close to spending $5k on a mini-Titan a few months back. And now I'm soooooo glad I didn't, because they are not even close to shipping those yet: https://www.kncminer.com/news |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 15, 2014, 01:13:14 AM |
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Yeah man, I realized right away I should have invested that capital straight into currencies instead of mining equipment, my portfolio would look a whole lot different right now. Gotta hold the hope I picked some winners and couple I have go big.
I was so close to spending $5k on a mini-Titan a few months back. And now I'm soooooo glad I didn't, because they are not even close to shipping those yet: https://www.kncminer.com/newsHA.....that's good thing for me, holy crap.......4200 gh/s on one of their scrypt miners, OMG! |
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passionsurf
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August 15, 2014, 03:14:32 AM |
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Yeah man, I realized right away I should have invested that capital straight into currencies instead of mining equipment, my portfolio would look a whole lot different right now. Gotta hold the hope I picked some winners and couple I have go big.
I was so close to spending $5k on a mini-Titan a few months back. And now I'm soooooo glad I didn't, because they are not even close to shipping those yet: https://www.kncminer.com/newsHA.....that's good thing for me, holy crap.......4200 gh/s on one of their scrypt miners, OMG! No that's actually a bitcoin miner. Their Titan is supposed to be 400 MH/s. That news article was talking about scrypt and btc miners. |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 15, 2014, 04:25:35 AM |
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Yeah man, I realized right away I should have invested that capital straight into currencies instead of mining equipment, my portfolio would look a whole lot different right now. Gotta hold the hope I picked some winners and couple I have go big.
I was so close to spending $5k on a mini-Titan a few months back. And now I'm soooooo glad I didn't, because they are not even close to shipping those yet: https://www.kncminer.com/newsHA.....that's good thing for me, holy crap.......4200 gh/s on one of their scrypt miners, OMG! No that's actually a bitcoin miner. Their Titan is supposed to be 400 MH/s. That news article was talking about scrypt and btc miners. Oh, hah.......silly me, I can breathe again now thanks:-) |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 15, 2014, 04:32:45 AM |
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Yeah, thanks for sharing that.....I was looking at that one a while ago and almost forgot about their launch. Definitely looks great so far! |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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August 15, 2014, 04:38:32 AM |
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Yeah, thanks for sharing that.....I was looking at that one a while ago and almost forgot about their launch. Definitely looks great so far! I was going to buy some of the presale but I put it off till today and it's all sold out! But I do have a little scrypt power I can toss in the mix. |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 15, 2014, 04:48:14 AM |
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Yeah, thanks for sharing that.....I was looking at that one a while ago and almost forgot about their launch. Definitely looks great so far! I was going to buy some of the presale but I put it off till today and it's all sold out! But I do have a little scrypt power I can toss in the mix. Ha, I wasn't going to mention it but I did the exact same thing. I have never bought into an IPO or presale, but was contemplating it for this one and totally forgot all about till I saw your post. |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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August 15, 2014, 05:01:13 AM |
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Yeah, thanks for sharing that.....I was looking at that one a while ago and almost forgot about their launch. Definitely looks great so far! I was going to buy some of the presale but I put it off till today and it's all sold out! But I do have a little scrypt power I can toss in the mix. Ha, I wasn't going to mention it but I did the exact same thing. I have never bought into an IPO or presale, but was contemplating it for this one and totally forgot all about till I saw your post. Looks like we have to get it "The Old Fashion Way". Heh, oh well. I'll mine it till the sun burns out like I did Solarcoin. It has a huge potential I think and it's probably going to be mined like crazy though, but the block rewards are high enough to actually mine quite a few of them in the beginning. |
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IMJim
Legendary
Offline
Activity: 1260
Merit: 1000
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August 15, 2014, 05:14:12 AM |
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Yep, I'll be right there with ya bud!
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vipgelsi
Legendary
Offline
Activity: 1736
Merit: 1001
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August 15, 2014, 01:05:30 PM |
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Block 300,000 getting closer.
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passionsurf
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August 15, 2014, 04:45:03 PM |
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Block 300,000 getting closer.
Is there something significant about block 300k that I missed? |
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vipgelsi
Legendary
Offline
Activity: 1736
Merit: 1001
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August 15, 2014, 06:52:44 PM |
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Block 300,000 getting closer.
Is there something significant about block 300k that I missed? Hopefully fork |
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deathmul
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August 15, 2014, 08:10:54 PM |
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Block 300,000 getting closer.
Is there something significant about block 300k that I missed? Hopefully fork Could you give more information ? |
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passionsurf
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August 15, 2014, 09:17:50 PM |
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Block 300,000 getting closer.
Is there something significant about block 300k that I missed? Hopefully fork Could you give more information ? I was suspecting you might have been talking about the fork. I hadn't realized block 300k was the goal. It looks like we should see block 300k in 14-15 days. For those who missed it, this explains the fork in more detail: http://solarcoin.org/increasing-solarcoin-emphasis-for-solar-generators |
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