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Author Topic: Good Bye Mining, See you at 10$ and Amd 7000  (Read 5358 times)
Reckman
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September 30, 2011, 03:49:15 AM
 #1

Closed out my last rig today, ended up profitabe with some great memories so net win =)

Final numbers are 440 BTC profit, had 5.2 ghash with 5000 invested.
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September 30, 2011, 03:51:40 AM
 #2

Time to fix your siggy then!  Roll Eyes
Reckman
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September 30, 2011, 03:52:52 AM
 #3

Time to fix your siggy then!  Roll Eyes

I need the "I mined at deepbit.net"
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September 30, 2011, 04:05:03 AM
 #4

Good for you. Still trying to sell my remaining 5830s but apparently they're not that hot now...

please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
Reckman
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September 30, 2011, 04:07:36 AM
 #5

Good for you. Still trying to sell my remaining 5830s but apparently they're not that hot now...

Probably asking too much or maybe people are catching on to how ineffiecient they are vs almost anh other card.

I bet for 80$/ea you could sell them fast
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September 30, 2011, 04:23:13 AM
 #6

See you then, thanks for the cards, anticipating their arrival soon Smiley
Reckman
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September 30, 2011, 04:53:54 AM
 #7

See you then, thanks for the cards, anticipating their arrival soon Smiley

Oh im not leaving bitcoins, just mining, invested all of that paypal money back into BTC
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September 30, 2011, 04:58:05 AM
 #8

I anticipated the current dip and got out of mining a couple of months back (& managed to sell my equipment for virtually the same price that I paid for it) . I feel your sadness. Hitting the power button for the final time was quite an emotional moment.

I believe that new hardware opportunities in the future along with a potential bounce in bitcoin value will see us all mining once again.
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September 30, 2011, 07:00:44 AM
 #9

See you then, thanks for the cards, anticipating their arrival soon Smiley

Oh im not leaving bitcoins, just mining, invested all of that paypal money back into BTC

That's how I have made most of my money with cryptocurrency; buy and sell.

I haven't mined BTC in many weeks. My miners are currently gathering the other cryptocurrencies, speculating that sometime in the future, they will rise to a  value I'd be happy to sell at. Total gamble, but hey, no risk, no reward Smiley

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October 01, 2011, 01:15:00 AM
 #10

Nice to see someone in the green with bitcoin mining and hope to see you soon!  Sure hope bitcoin will be $10 soon enough
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October 01, 2011, 03:08:09 PM
 #11

As soon as the 7000's Actually "hit the market" It's gonna be SOOO hard to sell a 6990...

Anyone wanna buy a 6990 when the 7000series comes out? Lemme know.

I plan to sell my MSI6990 413mhash/core@925core once the 7000's come out, So. When they come out, PM me, And i'll most likely sell you my 6990

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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October 01, 2011, 03:22:30 PM
 #12

I mined for about a week on my gaming pc (single 6950) before I realized I wasn't making any money at current prices, at that point I bought $200 worth of bitcoins, exchanged half of them to i0coins, and woke up today to realize that investment lost half its value in less than 24 hours.  Fun times, but nothing to do right now except tough it out, leave my money in there, and hope things turn around.  Oh, and buy more cheap i0coins

EDIT: I might buy your 6990 for a reasonable price when the 7000s come out.  I am more interested in gaming than mining, and for that it will be fine.
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October 01, 2011, 03:30:20 PM
 #13

I mined for about a week on my gaming pc (single 6950) before I realized I wasn't making any money at current prices, at that point I bought $200 worth of bitcoins, exchanged half of them to i0coins, and woke up today to realize that investment lost half its value in less than 24 hours.  Fun times, but nothing to do right now except tough it out, leave my money in there, and hope things turn around.  Oh, and buy more cheap i0coins

EDIT: I might buy your 6990 for a reasonable price when the 7000s come out.  I am more interested in gaming than mining, and for that it will be fine.

lol forks...what were you expecting
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October 01, 2011, 07:22:22 PM
 #14

I mined for about a week on my gaming pc (single 6950) before I realized I wasn't making any money at current prices, at that point I bought $200 worth of bitcoins, exchanged half of them to i0coins, and woke up today to realize that investment lost half its value in less than 24 hours.  Fun times, but nothing to do right now except tough it out, leave my money in there, and hope things turn around.  Oh, and buy more cheap i0coins

EDIT: I might buy your 6990 for a reasonable price when the 7000s come out.  I am more interested in gaming than mining, and for that it will be fine.

Indeed, and my target market is majority gamers rather than miners

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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October 01, 2011, 10:04:55 PM
 #15

Free electricity has made it a lot easier staying with mining BTC.. if it wasnt for that I am sure a lot more people would be joining ya.

Mining Both Bitcoin and Litecoin.
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October 02, 2011, 01:36:16 AM
 #16

You are still mining at 560.9mhash at deepbit Smiley
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October 02, 2011, 02:32:18 AM
 #17

Free electricity has made it a lot easier staying with mining BTC.. if it wasnt for that I am sure a lot more people would be joining ya.

Unless you have power generating devices, electricity is never free. Someone pays for it somewhere. Just saying Wink
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October 02, 2011, 05:56:19 AM
 #18

Free electricity has made it a lot easier staying with mining BTC.. if it wasnt for that I am sure a lot more people would be joining ya.

Unless you have power generating devices, electricity is never free. Someone pays for it somewhere. Just saying Wink

I think people need to start qualifying what they are saying, even though for most of us the implication is obvious, free to the miner.

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October 03, 2011, 06:17:38 AM
 #19

I don't know; I think some people mention it as if they get "free electricity" due to their own cunning, intelligence, or courage. It's ridiculous when you think about it.

Either they live with mom & dad, they're renting, or they happen to be in college.

They half imply that they're somehow more awesome because they had enough confidence in themselves to go ahead and call the electric company and insist on being switched to the "free plan", which most of us have insufficient manhood to do  Cheesy


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October 03, 2011, 04:39:35 PM
 #20

I don't know; I think some people mention it as if they get "free electricity" due to their own cunning, intelligence, or courage. It's ridiculous when you think about it.

Either they live with mom & dad, they're renting, or they happen to be in college.

They half imply that they're somehow more awesome because they had enough confidence in themselves to go ahead and call the electric company and insist on being switched to the "free plan", which most of us have insufficient manhood to do  Cheesy




I can say i have free energy, I bought soloar panels, Then the panels payed themselves off, Now the sun is giving me free energy!

Lol yes? no?

Aside from that, I feel confident that the only ones mining right now are:
People that dont pay thier own elecbill
People with a large mining Farm
People who just dont want to hit Off, on their comps for the night, when they could instead hit ON on thier miners

Hell 15/7 i run at -f250, And at night i swap to -f8

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
grod
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October 03, 2011, 11:31:51 PM
 #21


Aside from that, I feel confident that the only ones mining right now are:
People that dont pay thier own elecbill
People with a large mining Farm
People who just dont want to hit Off, on their comps for the night, when they could instead hit ON on thier miners

Hell 15/7 i run at -f250, And at night i swap to -f8

Deepbit is less than 20% off of its highs.  Are you positive 80% of the mining community fits into your 4 categories?

May I present an alternative.  My power rate is 4.6 cents/kwhr.  My 2x overclocked, undervolted 5830 rig pulls 380 watts from the wall. With all the distribution fees I am at 6 c/kwhr, or 400x24/1000*.06 = 60 cents a day, or $1.80 a bitcoin.  Let's call it $20 a month to generate a bit over 8 coins, which are worth $40.  This is loosely confirmed by my power bill which is only a hair higher than same time last year (although temperatures differ by 2 degrees).

Hardware was paid off after 6-7 days in July, and being 5830s it's not very valuable now.  So even $20/month after power costs beats $0, considering it's completely effort free money.   If this persists for another 10 months it's another free video card.
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October 03, 2011, 11:36:03 PM
 #22


Aside from that, I feel confident that the only ones mining right now are:
People that dont pay thier own elecbill
People with a large mining Farm
People who just dont want to hit Off, on their comps for the night, when they could instead hit ON on thier miners

Hell 15/7 i run at -f250, And at night i swap to -f8

Deepbit is less than 20% off of its highs.  Are you positive 80% of the mining community fits into your 4 categories?

May I present an alternative.  My power rate is 4.6 cents/kwhr.  My 2x overclocked, undervolted 5830 rig pulls 380 watts from the wall. With all the distribution fees I am at 6 c/kwhr, or 400x24/1000*.06 = 60 cents a day, or $1.80 a bitcoin.  Let's call it $20 a month to generate a bit over 8 coins, which are worth $40.  This is loosely confirmed by my power bill which is only a hair higher than same time last year (although temperatures differ by 2 degrees).

Hardware was paid off after 6-7 days in July, and being 5830s it's not very valuable now.  So even $20/month after power costs beats $0, considering it's completely effort free money.   If this persists for another 10 months it's another free video card.

now im <55% sure

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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October 05, 2011, 03:30:36 AM
 #23

Closed out my last rig today, ended up profitabe with some great memories so net win =)

Final numbers are 440 BTC profit, had 5.2 ghash with 5000 invested.

I'm somewhat with ya,I'll keep 1 rig running ,as I have no other use for it & it's only $20 month to run.


"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
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October 08, 2011, 03:13:36 PM
 #24

At $3.50 I'm shutting down my rigs. Basically it'll cost me less money to buy 1 BTC per day than to mine it.


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October 10, 2011, 01:30:10 AM
 #25

WELL FOLKS, as of this evening I'm shutting down my miners. At $4, with the current difficulty + electricity ($0.091) my monthly "profit" is at ~$30......  Shocked

If I want to speculate, I'll just buy the bitcoins with fiat, because then they'd be cheaper than mining them. Perhaps with the next difficulty drop, I'll turn it back on.. but unless price goes up, I think I'm going dark for a bit.


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October 10, 2011, 04:17:16 PM
 #26

WELL FOLKS, as of this evening I'm shutting down my miners. At $4, with the current difficulty + electricity ($0.091) my monthly "profit" is at ~$30......  Shocked

If I want to speculate, I'll just buy the bitcoins with fiat, because then they'd be cheaper than mining them. Perhaps with the next difficulty drop, I'll turn it back on.. but unless price goes up, I think I'm going dark for a bit.

Well for me, If my miners stop "breaking even" I still get Super Extremetly Inexpensive Heating. Like. $5/mo to heat my 10room house

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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October 11, 2011, 04:21:33 AM
 #27

WELL FOLKS, as of this evening I'm shutting down my miners. At $4, with the current difficulty + electricity ($0.091) my monthly "profit" is at ~$30......  Shocked

If I want to speculate, I'll just buy the bitcoins with fiat, because then they'd be cheaper than mining them. Perhaps with the next difficulty drop, I'll turn it back on.. but unless price goes up, I think I'm going dark for a bit.

Well for me, If my miners stop "breaking even" I still get Super Extremetly Inexpensive Heating. Like. $5/mo to heat my 10room house

What the crap do you do with a 10 room house?
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October 11, 2011, 05:22:14 AM
 #28

WELL FOLKS, as of this evening I'm shutting down my miners. At $4, with the current difficulty + electricity ($0.091) my monthly "profit" is at ~$30......  Shocked

If I want to speculate, I'll just buy the bitcoins with fiat, because then they'd be cheaper than mining them. Perhaps with the next difficulty drop, I'll turn it back on.. but unless price goes up, I think I'm going dark for a bit.

Well for me, If my miners stop "breaking even" I still get Super Extremetly Inexpensive Heating. Like. $5/mo to heat my 10room house

What the crap do you do with a 10 room house?

Brothel?HuhHuhHuhHuh Grin

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October 11, 2011, 07:29:06 AM
 #29

WELL FOLKS, as of this evening I'm shutting down my miners. At $4, with the current difficulty + electricity ($0.091) my monthly "profit" is at ~$30......  Shocked

If I want to speculate, I'll just buy the bitcoins with fiat, because then they'd be cheaper than mining them. Perhaps with the next difficulty drop, I'll turn it back on.. but unless price goes up, I think I'm going dark for a bit.

Well for me, If my miners stop "breaking even" I still get Super Extremetly Inexpensive Heating. Like. $5/mo to heat my 10room house

What the crap do you do with a 10 room house?

Those with more capital make more capital. Welcome to capitalism.

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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