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kanazawa
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March 15, 2015, 12:02:22 AM |
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I mean, this is not BAD, you know, this is natural...
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valkir
Legendary
 Offline
Activity: 1484
Merit: 1004
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March 15, 2015, 02:46:33 AM |
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But one thing it's true... there's only few countries wih a "combination of things" that contribute to BTC mining.
There's a lot things to embarass everything, like regional monetary problem, government issues, state intervention, taxes, nonpopularity (and I think it's bad), and lotta things that don't mean shit to talk here.
In my opinion, mining is becoming the inverse of what a majority of us believed in.
Im afraid you are right. Centralisation of mining is happening and this is the inverse of what bitcoin is ion my opinion. I really dont know what we could do to change that. |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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vrm86
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March 15, 2015, 07:21:13 AM |
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But one thing it's true... there's only few countries wih a "combination of things" that contribute to BTC mining.
There's a lot things to embarass everything, like regional monetary problem, government issues, state intervention, taxes, nonpopularity (and I think it's bad), and lotta things that don't mean shit to talk here.
In my opinion, mining is becoming the inverse of what a majority of us believed in.
Im afraid you are right. Centralisation of mining is happening and this is the inverse of what bitcoin is ion my opinion. I really dont know what we could do to change that. In my opinion there is nothing we can do. Mining can't be profitable for everyone forever. It's a natural thing that more and more efficient miners appear in the game. Competition is is something unavoidable in many aspects of life, so it is in mining. |
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kanazawa
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March 15, 2015, 02:10:40 PM |
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Yeh. You're right. It's sad but true.  |
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cxboyminer
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March 15, 2015, 03:07:57 PM |
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Especially when bitcoin price is not that high. Im out of not only the mining game, but the whole bitcoin game.
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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March 15, 2015, 06:10:30 PM |
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Especially when bitcoin price is not that high. Im out of not only the mining game, but the whole bitcoin game.
Did you cash out entirely, or hodling your stash ? |
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Minerjoe
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March 28, 2015, 01:20:36 PM |
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There are always PoS coins, why don't you guys try that?
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crowetic
Legendary
Offline
Activity: 2282
Merit: 1072
https://crowetic.com | https://qortal.org
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March 29, 2015, 01:47:19 AM |
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There are always PoS coins, why don't you guys try that?
Or, like I suggested a few pages back, mine with your HARD DRIVE with BURST. |
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|
ORTAL
| .⊙.Web and Application hosting.
⊙ decentralized infrastructure
.⊙.leveling and voting.
| Founder/current dev group facilitator |
[/td][/tr][/table] [/table] |
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planetroving
Legendary
Offline
Activity: 2170
Merit: 1000
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March 29, 2015, 02:01:06 AM |
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Man, I can barely pump out anything from my 780 TIs. I stopped mining because of the electricity costs and it wasn't worth it. I wish I had started diving into the Bitcoin world earlier.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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March 29, 2015, 07:28:32 AM |
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Especially when bitcoin price is not that high. Im out of not only the mining game, but the whole bitcoin game.
if the price was higher, so it was the diff, therefore it would not have change much, different would have been the case if the price skyrocket in a short time, because the diff won't keep up |
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Furio
Legendary
Offline
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
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March 30, 2015, 11:12:45 AM |
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So im out of the mining game. Getting asics importet from china is too expensive -.- Electricity is too expensive in my country 0.14$/kwh -.- and my block erupters isnt making me anything. this game have only been a waste of money so far. GL on your mining guys  dont make the same mistakes as i did. It made me smile a bit, love the USA. We pay 0,26 cent per kwh, in euro's!! Only if you host miners with a substantial power consumption the rates go down to 0,12 cent per kwh, still more because it's in Euro's, can you imagine what the price drop has done to people in Europe  |
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crk
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March 30, 2015, 08:05:54 PM |
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If any of you is willing to sell your miners.. Plz contact me.. I want to buy a few of them :-)
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Minerjoe
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March 30, 2015, 08:37:01 PM |
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The big question are the new miners. S6 and S7 might be deal breakers and these should be around this summer.
Or not.
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SarcasmMe
Newbie
Offline
Activity: 28
Merit: 0
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March 30, 2015, 09:09:22 PM |
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Especially when bitcoin price is not that high. Im out of not only the mining game, but the whole bitcoin game.
 It's sad but true |
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ZeroTheGreat
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March 31, 2015, 12:45:33 AM |
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There are always PoS coins, why don't you guys try that?
Many people already doing that, and much more'll be. Not only PoS, but all kinds of Proofs-of're the future of cryptos. PoW's getting obsolete step by step |
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Btcvilla
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March 31, 2015, 01:01:19 AM |
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There are always PoS coins, why don't you guys try that?
Or, like I suggested a few pages back, mine with your HARD DRIVE with BURST. If burst goes up in price a bet, renting a "storage vps" is what I would do. I already found a good price one that would almost make profit at the current price. |
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Minerjoe
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March 31, 2015, 07:15:32 PM |
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There are always PoS coins, why don't you guys try that?
Many people already doing that, and much more'll be. Not only PoS, but all kinds of Proofs-of're the future of cryptos. PoW's getting obsolete step by step I fully agree with this statement. Home PoW mining s history. |
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GigaBit
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April 20, 2015, 05:27:48 PM |
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There are always PoS coins, why don't you guys try that?
Many people already doing that, and much more'll be. Not only PoS, but all kinds of Proofs-of're the future of cryptos. PoW's getting obsolete step by step I fully agree with this statement. Home PoW mining s history. I dissagree... PoW will always have its place, why? Here's why: PoW - The most fluid and problem free; the top cryptos use this. PoS - Only promotes holding... when it comes to using it as a currency, well, no one wants to sell an income earning property. Those coins also often have wallet and mining issues. Demurrage - Promotes spending only, coins vanish if not sued after a certain period of time. PoX - Mainly PoW or PoW but re-branded. It's also a lot easier and less risky for developers to expand on PoW than the others. |
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trendax
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April 22, 2015, 07:08:39 AM |
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PoW is probably the most intensive and energy costly arrangement but I also see it as the simplest and therefore going to be around the longest.
“At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.” – Satoshi
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muhrohmat
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April 22, 2015, 10:06:43 AM |
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well we are getting to the realising that mining on cloud or harware as its bounces dwon im a lot of loss sometimes becuase of time and cost of watts i mean i quitted usb blades pens asic and gpu and cpu and even HDD burst coin is simple the diff growing and btc going down makes you just realize that the news on mining herdawre are not too goood maybe for a investment on sha256 bitcoin just in 1000 dollars miners not much more
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