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Author Topic: Still buying Hardware?  (Read 6834 times)
seriouscoin
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October 04, 2014, 11:34:08 PM
 #1

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
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October 05, 2014, 12:54:46 AM
 #2

This week I bought
1x Antminer S4
1x SP20
3x used KNC Neptune
and today  "a little bit" BTC

Really unbelievable, I still buy the miners. BTC Mining is going on. We have to be a cold winter, and I have a big house.
   

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October 05, 2014, 01:00:06 AM
 #3

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?
seriouscoin
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October 05, 2014, 02:00:05 AM
 #4

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?

I would love to see your "calculation"

LOL


Here is one variable you noobs never get : manufacturers can/will/do outmine you. But nope, you still use your dumb "percentile" anyway.
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October 05, 2014, 02:05:37 AM
 #5

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?

I would love to see your "calculation"

LOL


Here is one variable you noobs never get : manufacturers can/will/do outmine you. But nope, you still use your dumb "percentile" anyway.


dude you could use a time out.  no one on this thread is a newbie.   we have all been a round a while .  We have found our little spots to do some mining and we do it.

I do roi in fiat and in btc .  But I can not do this easily or at  a big scale.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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October 05, 2014, 02:07:38 AM
 #6

I dont buy hardware, however I do mine Bitcoin at cex.io. Well, for 6 months.. I have yet to earn my first dollar from it.. Anyway.. good luck!:)

< Early adopter that never reach 1 BTC milestone >
< Singaporean, speaks Bitcoin language >
seriouscoin
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October 05, 2014, 02:15:36 AM
 #7

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?

I would love to see your "calculation"

LOL


Here is one variable you noobs never get : manufacturers can/will/do outmine you. But nope, you still use your dumb "percentile" anyway.


dude you could use a time out.  no one on this thread is a newbie.   we have all been a round a while .  We have found our little spots to do some mining and we do it.

I do roi in fiat and in btc .  But I can not do this easily or at  a big scale.

To me noobs are ppl who see estimations as some concrete calculations (if the output is higher, then why not). Just like you, who keep saying " 0 -9%" over and over again, while pulling that number straight out of your ass. Each jump it was close to 15%. But you continue anyway.

Problem is greed blinds ppl so that they only fantasize their ROI. The fact that they use bitcoin price to justify it prove this (if bitcoin price jumps, i will get ROI and then some)
 
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October 05, 2014, 02:39:46 AM
 #8

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?

I would love to see your "calculation"

LOL


Here is one variable you noobs never get : manufacturers can/will/do outmine you. But nope, you still use your dumb "percentile" anyway.


dude you could use a time out.  no one on this thread is a newbie.   we have all been a round a while .  We have found our little spots to do some mining and we do it.

I do roi in fiat and in btc .  But I can not do this easily or at  a big scale.

To me noobs are ppl who see estimations as some concrete calculations (if the output is higher, then why not). Just like you, who keep saying " 0 -9%" over and over again, while pulling that number straight out of your ass. Each jump it was close to 15%. But you continue anyway.

Problem is greed blinds ppl so that they only fantasize their ROI. The fact that they use bitcoin price to justify it prove this (if bitcoin price jumps, i will get ROI and then some)
 

my numbers are not perfect but since this is speculation thread area.

 guesses are allowed. since I have bothered to put numbers down. My estimates have been about 4 right and 3 wrong. 
in a few days I will be 5 right and 3 wrong
my overall prediction for 9-12% growth was for a 200 day period that started june 30th 2014.

diff from June 30th to Oct 4th has been pretty close to that number.

I never gave a lot on  BTC fiat price prediction and frankly> I can not believe it is under 330 usd.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
seriouscoin
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October 05, 2014, 07:20:48 AM
 #9

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.
After calculation. If the output is bigger than input, Why not?

I would love to see your "calculation"

LOL


Here is one variable you noobs never get : manufacturers can/will/do outmine you. But nope, you still use your dumb "percentile" anyway.


dude you could use a time out.  no one on this thread is a newbie.   we have all been a round a while .  We have found our little spots to do some mining and we do it.

I do roi in fiat and in btc .  But I can not do this easily or at  a big scale.

To me noobs are ppl who see estimations as some concrete calculations (if the output is higher, then why not). Just like you, who keep saying " 0 -9%" over and over again, while pulling that number straight out of your ass. Each jump it was close to 15%. But you continue anyway.

Problem is greed blinds ppl so that they only fantasize their ROI. The fact that they use bitcoin price to justify it prove this (if bitcoin price jumps, i will get ROI and then some)
 

my numbers are not perfect but since this is speculation thread area.

 guesses are allowed. since I have bothered to put numbers down. My estimates have been about 4 right and 3 wrong.  
in a few days I will be 5 right and 3 wrong

my overall prediction for 9-12% growth was for a 200 day period that started june 30th 2014.

diff from June 30th to Oct 4th has been pretty close to that number.

I never gave a lot on  BTC fiat price prediction and frankly> I can not believe it is under 330 usd.

Correction: Its all just guessing, not estimating.

So whats the point really? when you're trying to "estimate" something with almost 50/50.  

Forget all this "difficulty estimation" Its alot simpler if you only look at what matters :

Capital cost and Operating cost. Which NONE of home miners have as advantages over big farms/manufacturers.

Capital cost = Cost of hardware is cheaper for these large farmers
Operating cost = they also have the lowest electrical rate.

You can estimate difficulty all you want, does not matter if difficulty goes up or down, you can never compete. Remember one thing: the bitcoin supply rate is fixed at 3600btc/day. Because of these, they will just expand to squeeze out all the small less efficient miners (customers/suckers)


When manufacturers sell their hardware, they also compete directly to their customers using the money paid upfront by the customers. Mean while the customers blindly use mining "calculation".

1-5cent/KwH advantage is enough to have 1+ MW facilities
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October 05, 2014, 08:48:52 AM
 #10

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.

Why do you care? To be right? To be thanked? To sound like an asshole every day?

Just curious why?

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October 05, 2014, 09:00:21 AM
 #11

The Latest prices is 315.  I think it will go down to 250. 195 is the lowest I guess

Bitcoin mining Antminer s7 4.7 TH Used in Good Condition Best Offer Prices @ ebay seller order directly here https://goo.gl/uaoh1r. Bitcoin payment optional.
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October 05, 2014, 09:43:40 AM
 #12

Let me guess, you noobs think " why buy btc when you can mine for free ? ". Just spend $1.5k on a computer, and get btc forever right?


Awesome, keep buying.

What about those who got coins instead of miners? "Why mine when you can buy them?"

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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October 05, 2014, 09:48:47 AM
 #13

So what is going to happen that causes the price of BTC to rise again?
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October 05, 2014, 10:06:48 AM
 #14

yea, what should happen to bring prices up, paypal accepting for real BTC ?
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Burn the wings off those bastards.


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October 05, 2014, 11:26:24 AM
 #15




Implosion.

What will mining hardware be worth when BTC goes sub $100USD?

Now it's time for the FTC to put everything Butterfly Labs has done through the magnifying glass and then burn the wings off those bastards.
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October 05, 2014, 11:42:19 AM
 #16

LOL miners. Have fun with your worthless hardware  Kiss


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October 05, 2014, 11:47:31 AM
 #17

No current miner is profitable at the rate btc price is going. The money you can buy btc with will be at least double what you would be able to mine with that same dollar value. If you buy hardware for a profit you need to rethink your strategy quickly
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October 05, 2014, 12:24:05 PM
 #18

No current miner is profitable at the rate btc price is going. The money you can buy btc with will be at least double what you would be able to mine with that same dollar value. If you buy hardware for a profit you need to rethink your strategy quickly

Depends...I buy used gear for BTC that with my free power makes more than I bought it for all the time. If you buy new stuff even with free power you lose. If I did not have free power there is no way I could get a positive ROI though. I know everyone likes to bash on people buying miners, but lets not forget it is good for the network. If we see months of decline in hashrate that is horrible for Bitcoin as a whole.

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October 05, 2014, 01:07:59 PM
 #19

No current miner is profitable at the rate btc price is going. The money you can buy btc with will be at least double what you would be able to mine with that same dollar value. If you buy hardware for a profit you need to rethink your strategy quickly

Depends...I buy used gear for BTC that with my free power makes more than I bought it for all the time. If you buy new stuff even with free power you lose. If I did not have free power there is no way I could get a positive ROI though. I know everyone likes to bash on people buying miners, but lets not forget it is good for the network. If we see months of decline in hashrate that is horrible for Bitcoin as a whole.

Maybe not? Hoping the price dives under $100 for a while so the big guys have to close shop Grin.
seriouscoin
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October 05, 2014, 02:50:38 PM
 #20

No current miner is profitable at the rate btc price is going. The money you can buy btc with will be at least double what you would be able to mine with that same dollar value. If you buy hardware for a profit you need to rethink your strategy quickly

Depends...I buy used gear for BTC that with my free power makes more than I bought it for all the time. If you buy new stuff even with free power you lose. If I did not have free power there is no way I could get a positive ROI though. I know everyone likes to bash on people buying miners, but lets not forget it is good for the network. If we see months of decline in hashrate that is horrible for Bitcoin as a whole.

Maybe not? Hoping the price dives under $100 for a while so the big guys have to close shop Grin.

Did you miss the points above completely? All the home/small miners close shop first.
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