I am out of the mining game :(

[Searing]

I don't know anything about these guys but a couple of recommendations...no idea if you have to host a particular amount of time either.


But on 13.7c kwh the rates I was quoted (a month or so back) when I looked into it ...supposedly with fees and 40 buck new account

fee...and of course to 'ship' your titan to them....came out to ball park figure (according to them) of 8c kwh

On my two Titan(s) that came out to about 114 bucks a month savings in electric

again not saying I know these guys...but has got me thinking about summer months maybe I will have to punt to host or shut off

(unless frigging BTC goes up taking LTC and scrypt up with it...these prices for LTC say are not gonna float come summer..just saying)

so anyone know or use these folk?

http://www.greatnorthdata.com/

If nothing else they were 'prompt' with a reply via email on costs


anyway for those who MAY want to 'dangle' in the 'home mining' ie 'boarding school version' for a bit longer

[notbatman]

My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.

But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.

[romero121]

My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.

But the truth is I'll probably never make a profit mining due to the miner I order in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.

Even though we are trying to be highly secure from cheaters, we are getting trapped. This has to be stopped. Recently I heard mining is not profitable with the increased power as well as requirement prices. So most are getting out of it. Even someone trying to do mining also cheated. Is there any way to use escrow while purchasing requirements for mining.

[numismatist]

My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.

But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.

Exactly like that. ROI doesn't really depend upon the technology harnessed. If you got that patience to HODL these coins.

But the wrong supplier can really wreck it!

[notbatman]

...clip...

Exactly like that. ROI doesn't really depend upon the technology harnessed. If you got that patience to HODL these coins.

But the wrong supplier can really wreck it!

I try but end up flipping coins for things like gas and potatoes.


However, I have high hopes for Ethereum and struggle to HODL my small cache of ETH.

[Betwrong]

Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now

Yeah, basically that's why we need the Bitcoin price rising, it would be easier to roi then. But actually it looks like it has started already, we have $385 now and only yesterday it was like $375 as I can remember. Let's cross fingers so it won't go back again.

[southafricadude]

I would love to still be mining, but its just not worth it where I am either. Each time I got new hardware it was only a short time before I had to power down, only ever got ROI on GPU mining.

[winspiral]

I would love to still be mining, but its just not worth it where I am either. Each time I got new hardware it was only a short time before I had to power down, only ever got ROI on GPU mining.

try the comining with me...

[srinikethan]

why? what happened bro...you can make good profit from this you know?!

[lightfoot]

Yeah, basically that's why we need the Bitcoin price rising, it would be easier to roi then. But actually it looks like it has started already, we have $385 now and only yesterday it was like $375 as I can remember. Let's cross fingers so it won't go back again.

Problem is that if the price goes up more miners pile in and difficulty skyrockets. Besides, why not just buy the bitcoin anyway and sell when it goes up.

Mining is a queen's race. And it's not possible to make long term economic profit in a game like mining. Too perfect competition.

[winspiral]

Yeah, basically that's why we need the Bitcoin price rising, it would be easier to roi then. But actually it looks like it has started already, we have $385 now and only yesterday it was like $375 as I can remember. Let's cross fingers so it won't go back again.

Problem is that if the price goes up more miners pile in and difficulty skyrockets. Besides, why not just buy the bitcoin anyway and sell when it goes up.

Mining is a queen's race. And it's not possible to make long term economic profit in a game like mining. Too perfect competition.

you are right...because it is logic...

Open a bread shop in a village...without breadshop...
you will certainly make profit...
if a second person opens one...the situation is different already...
if many people open...perhaps you will even loose...

[Amph]

why? what happened bro...you can make good profit from this you know?!

good profit only if you've roi'd, otherwise it's only a race between you and the roi time, before your asic become obsolete

[DrG]

Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now

Mining is easier than it has ever been - we have machines built specifically to mine!

Making a profit is becoming unobtainable.

[crowetic]

Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now

Mining is easier than it has ever been - we have machines built specifically to mine!

Making a profit is becoming unobtainable.

Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...

https://bitcointalk.org/index.php?topic=1323657.0;topicseen


MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'




Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.

[DrG]

Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now

Mining is easier than it has ever been - we have machines built specifically to mine!

Making a profit is becoming unobtainable.

Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...

https://bitcointalk.org/index.php?topic=1323657.0;topicseen


MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'




Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.

BURST will always have the inherent issues that it can be overtaken easily with a 51% attack since it's not as disseminated. One of the reasons for the reasons for the race to ASIC was for security (which oddly now seems more threatening).

[gkv9]

Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now

Mining is easier than it has ever been - we have machines built specifically to mine!

Making a profit is becoming unobtainable.

Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...

https://bitcointalk.org/index.php?topic=1323657.0;topicseen


MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'




Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.

So you mean to say that we should put Bitcoins on some new algorithm and then start the process again???
Is that what you want to say???
Mining with Hard Drives ain't good too, and who says mining doesn't damage our hard drives, these machines heat too like ASICs...

[brent217]

I don't know anything about these guys but a couple of recommendations...no idea if you have to host a particular amount of time either.


But on 13.7c kwh the rates I was quoted (a month or so back) when I looked into it ...supposedly with fees and 40 buck new account

fee...and of course to 'ship' your titan to them....came out to ball park figure (according to them) of 8c kwh

On my two Titan(s) that came out to about 114 bucks a month savings in electric

again not saying I know these guys...but has got me thinking about summer months maybe I will have to punt to host or shut off

(unless frigging BTC goes up taking LTC and scrypt up with it...these prices for LTC say are not gonna float come summer..just saying)

so anyone know or use these folk?

http://www.greatnorthdata.com/

If nothing else they were 'prompt' with a reply via email on costs


anyway for those who MAY want to 'dangle' in the 'home mining' ie 'boarding school version' for a bit longer

I have been using Great North Data for almost a year now, but with my hardware and the obnoxious increases in difficulty the last few months I do not think it is possible to make a profit going forward (unless the BTC price goes up a lot).

[leowonderful]

Mining will kill you. Don't do it for profit, because profit will never happen. It's pointless now for the average miner, and even in places like Washington state in the u.s with cheap electricity, you probably won't make much. Difficulty is jumping like a kangaroo on steroids, and unless you have some sort of hyperefficient solar farm, yeah, its dead.

[parmatiya]

Mining will kill you. Don't do it for profit, because profit will never happen. It's pointless now for the average miner, and even in places like Washington state in the u.s with cheap electricity, you probably won't make much. Difficulty is jumping like a kangaroo on steroids, and unless you have some sort of hyperefficient solar farm, yeah, its dead.

In this mining world, electricity price is the key. If it is over $0.1/kWh, it is very difficult to make profit.

[QuintLeo]

I made a profit on my S5s - barely - by selling them off "just in the nick of time".
I made a small profit on my SP20 by selling it off.

 Without those sales, I'd have lost money on mining Bitcoin (I'm officially out as of Monday when I ship the last of the S5s to Hawaii).

 I've actually made a fair bit on mining Litecoin so far, but that's been a bit rocky too - lost money on my Gridseeds, but made a fair bit back in GPU days and will end up still  ahead if I even achieve breakeven or very close overall on my A2s.



 The last few months, though, have been a nightmare for folks trying to get into mining and make a profit, unless they had VERY VERY cheap electric - and even then it's been iffy.


 The 14/16nm generation should be a game changer, though - instead of having a year OR LESS most commonly before the "next gen gear" hits and kills profitability on older gear, it should take a few YEARS before the 14/16nm full custom gear gets outdated.