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Author Topic: Finding alternative way for my 50 rig mine site  (Read 1442 times)
Anillos
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November 05, 2011, 04:10:01 AM
 #21

further advantage of placing upward pressure on the price.

Huh?? Why is this an advantage?
Sorry, that was a typo.

You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
Where is the problem if lots of rigs cease their activity?

Maybe It could be a opportunity for people who are interested in Bitcoin, not in speculation.

The network will be stable, because it was stable in the early blocks.

Aquí puedes conseguir pequeños ahorros sin mucho esfuerzo: http://www.bitvisitor.com/?ref=1PWNAGEZ3fSM8QevUavdd2iZ9F5jkp1QHZ
Consigue algo más viendo vídeos o haciendo pequeñas tareas en Bitcoinget.com: https://bitcointalk.org/index.php?topic=178692.msg2509190#msg2509190
¿necesitas un dibujo vectorial, un esquema, un diagrama...? https://bitcointalk.org/index.php?topic=183268.0
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RandyFolds
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November 05, 2011, 08:30:51 AM
 #22

further advantage of placing upward pressure on the price.

Huh?? Why is this an advantage?
Sorry, that was a typo.

You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
Mining the network isn't doing anyone a charity right now, because I doubt people who say they are "just breaking even" have considered the cost of maintaining the rigs and hardware depreciation. We're well below production cost now, and it's time to adjust to the new price and difficulty levels.
You doubt that people have cheaper electricity than you? That's just foolish.
I am still running at a profit, albeit a miniscule one. Remember that difficulty thing? People are generating ~33% more coin.
Your hardware is losing value every day. The time one expends on maintaining ones rigs is likely worth more than whatever slim profit one could make when taking hardware depreciation into account.

Yep. I'm doing it because I believe in bitcoin. Pretty amazing, huh?

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Wynand
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November 05, 2011, 10:50:21 PM
 #23

Are there any miners out there that have found some profitable way of utilising their hardware besides bitcoins? I found out about WPA cracking, but video rendering doesn't go that well on most ATI cards I figured..
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