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smoothdoger
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October 04, 2014, 01:55:13 PM |
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@Genesis Mining
Considering the huge price fall in the last days at which price you stop mining coins ergo we dont get our daily payouts. This is a very important question. At which price your mining operation is no longer profitable and you have to stop?
mfg dead
all good till btc hits about $150 |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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wec
Jr. Member
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Activity: 66
Merit: 1
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October 04, 2014, 02:53:21 PM |
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My payments are getting lower and lower, is this happening just to me ?
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smoothdoger
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October 04, 2014, 02:59:15 PM |
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My payments are getting lower and lower, is this happening just to me ?
have you seen the price of BTC lately? |
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martinnew
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October 04, 2014, 03:34:19 PM |
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Very interesting article. |
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crawler
Newbie
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Activity: 33
Merit: 0
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October 04, 2014, 03:47:38 PM |
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One thing in my mind since yesterday... I do scrypt mining and use BTC payout. Altcoins and dollar stay stable - why do my BTC payouts drop ? Shouldnt they rise ? I am a bit tired these days and may be i just dont understand it  |
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smoothdoger
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October 04, 2014, 03:54:50 PM |
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One thing in my mind since yesterday... I do scrypt mining and use BTC payout. Altcoins and dollar stay stable - why do my BTC payouts drop ? Shouldnt they rise ? I am a bit tired these days and may be i just dont understand it Ugh, BTC drops making what you pay in fees cost more, if BTC ever hits about $150 it will not be profitable at all anymore to mine. All coins are getting slaughtered right now so the coins you mine are worth way less, add the drop in BTC price = paying more of your BTC in fees and mining becoming way less valuable I really cannot believe the stupidity/money ratio here with you people, its a basic as it gets! |
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martinnew
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October 04, 2014, 04:00:47 PM |
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One thing in my mind since yesterday... I do scrypt mining and use BTC payout. Altcoins and dollar stay stable - why do my BTC payouts drop ? Shouldnt they rise ? I am a bit tired these days and may be i just dont understand it Payout is low maybe mainly because the price/value of BTC is declining. |
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wec
Jr. Member
Offline
Activity: 66
Merit: 1
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October 04, 2014, 06:01:07 PM |
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One thing in my mind since yesterday... I do scrypt mining and use BTC payout. Altcoins and dollar stay stable - why do my BTC payouts drop ? Shouldnt they rise ? I am a bit tired these days and may be i just dont understand it Payout is low maybe mainly because the price/value of BTC is declining. BTC price has nothing to do with the payments if we are speaking directly... The btc price is making other coins getting slaughtered and thats why the payments are getting lower... |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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October 04, 2014, 06:11:34 PM |
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One thing in my mind since yesterday... I do scrypt mining and use BTC payout. Altcoins and dollar stay stable - why do my BTC payouts drop ? Shouldnt they rise ? I am a bit tired these days and may be i just dont understand it Payout is low maybe mainly because the price/value of BTC is declining. BTC price has nothing to do with the payments if we are speaking directly... The btc price is making other coins getting slaughtered and thats why the payments are getting lower... Yes, and the service fees go up too, so that is affecting it, and if anyone wants to feel bad about payouts, wait till you see how much a waffle gets today...Truly awful. SO please do not complain about GM as the waffle cost me the same price at the time of purchasing and it is absolutely...¤¤"#"`#" .. lol |
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Zeta0S
Legendary
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Activity: 1890
Merit: 1031
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October 05, 2014, 01:27:04 AM |
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My payments are getting lower and lower, is this happening just to me ?
Have you not used voucher-code MOON ?  Whit out promo-code MOON you will not have ticket to the place we all are going right now.  |
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ellen_me
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October 05, 2014, 05:08:40 AM |
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Good looking... farm photo.  |
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ZorroPai
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October 05, 2014, 06:43:30 AM |
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@Genesis Mining
Considering the huge price fall in the last days at which price you stop mining coins ergo we dont get our daily payouts. This is a very important question. At which price your mining operation is no longer profitable and you have to stop?
mfg dead
all good till btc hits about $150 If BTC will trade at or below USD 150 for more than 20 days than our contacts will be deleted? Or will we become some satoshi after a price recovery of BTC again? Sorry for these negative questions but at the moment the price of BTC goes in the wrong direction.  Kind regards,  Zorro |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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October 05, 2014, 06:52:37 AM |
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@Genesis Mining
Considering the huge price fall in the last days at which price you stop mining coins ergo we dont get our daily payouts. This is a very important question. At which price your mining operation is no longer profitable and you have to stop?
mfg dead
all good till btc hits about $150 If BTC will trade at or below USD 150 for more than 20 days than our contacts will be deleted? Or will we become some satoshi after a price recovery of BTC again? Sorry for these negative questions but at the moment the price of BTC goes in the wrong direction. Kind regards, Zorro I don't know Zorro, perhaps if you told them you were quite happy to keep paying them for maintenance for longer than 20 days then they would keep it open for you. I think they have that rule because if they did not, then people would be saying they were thieves etc for taking money from you for ever and ever. Perhaps if you have a small amount of hashpower, so the fees each days are just a few cents, you could probably keep it going for longer than 20 days if you wanted, but I think, for those who are having 10 USD or more in fees going out each day, then they would really be wanting to have their contracts closed down as quickly as they could. Just a thought anyway. |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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October 05, 2014, 09:21:59 PM
Last edit: October 06, 2014, 08:05:27 AM by IanFoxley |
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marife01
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October 06, 2014, 02:08:00 PM |
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Thanks for always sharing. |
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Pilotseye
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October 06, 2014, 03:03:28 PM |
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thank you sir |
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Marco Krohn (GM)
Newbie
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Activity: 49
Merit: 0
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October 06, 2014, 03:37:03 PM |
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If BTC will trade at or below USD 150 for more than 20 days than our contacts will be deleted? Or will we become some satoshi after a price recovery of BTC again? Sorry for these negative questions but at the moment the price of BTC goes in the wrong direction. Kind regards, Zorro It depends on many factors, not only the price. Also on the difficulty and the price of altcoins in comparison to BTC. E.g. if LTC is performing well vs BTC this will certainly help. More importantly we strongly believe in Bitcoin and many other Altcoins. For example, all three founders purchased Bitcoin (private positions) when we reached the $300 level. We consider Bitcoin to be undervalued given the huge advancements that were made in the last year. Cheers, Marco |
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ZorroPai
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October 06, 2014, 05:37:47 PM |
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Hello, Thank you for your insights. Zorro |
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