hopper28755 (OP)
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November 14, 2014, 08:52:26 PM |
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What is worth mining still? Is bitcoin still worth mining for if your just starting out? Any recommendations?
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Flashman
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November 14, 2014, 08:58:24 PM |
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I know a guy who just quit mining with a million dollars! .... he started out with 10 million ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) But seriously, it's tough, try looking in your local market for used antminers etc, at 50c/gigahash or so, they mayyyyy turn profitable, especially if you're in the northern hemisphere and can displace heating use for the next few months.
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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cutesakura
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November 14, 2014, 09:54:29 PM |
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You may try to cloud hashprofit mining, you need only stay a deposit and you can get satosi when you sleep, this time using a cloud of mining you can get a return on investment within 4-5 months, so the rest of the existing contract, you still can benefit ... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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karlb187
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November 14, 2014, 10:58:21 PM |
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it's worth it to get some cloud speed and forget about it for a year. (do not spend what you can't lose) Now I found a game where you "mine bitcoin" and you earn real bitcoin in-game! (link in my signature) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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b!z
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November 14, 2014, 11:21:34 PM |
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it's worth it to get some cloud speed and forget about it for a year. (do not spend what you can't lose) Now I found a game where you "mine bitcoin" and you earn real bitcoin in-game! (link in my signature) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) so much pretend mining, and no real mining lmao
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shanem
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November 15, 2014, 02:33:42 AM |
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Mining is profitable only if you have tons of ASICs. Otherwise you are wasting your power if you use a CPU to mine.
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dothebeats
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November 15, 2014, 03:05:23 AM |
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Mining BTC isn't profitable anymore (if you only use some GPUs and CPUs) because of the very high difficulty. Only companies that sell mining equipment profit from mining itself. I wouldn't suggest you to mine if you have poor hardware, but rather buy bitcoins and hold them until you profit from it.
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dothebeats
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November 15, 2014, 03:11:02 AM |
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Oh yes, another tip I learned from a friend a few months back. If you have a good hardware in you, try waiting for a coin that you think would be a good bet for speculating. Try mining some until you reach a threshold and hold it off until it reach the markets. Then sell it for profit and try to rinse and repeat. Low difficulty really helps you to mine those coins fast and you can earn many coins in less than a week. Just choose a coin that you think would be best to mine and try to keep some until it is released in the markets in exchange for btc. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Ryze
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November 15, 2014, 03:15:56 AM |
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i think its worth it, if you have a plan to make a huge farm. or just go do the same but buy cloud mining?
like cex.io or something.
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dothebeats
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November 15, 2014, 03:54:15 AM |
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Hahaha I remember one time when I did that. You won't earn something from mining itself, but using those shares and selling them off for a profit is really a good strategy to earn some bitcoins. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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shanem
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November 15, 2014, 06:24:16 PM |
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You can try mining altcoins. If the altcoins is successful, you can earn a lot but most people mine altcoins to dump onto the market for btc.
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leesin
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#feelthebern
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November 15, 2014, 10:30:32 PM |
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A lot of people hopped on the alt coin wagon, maybe you can find some luck there.
Since the difficulty is all time high with bitcoin. Just make sure the alt coin isnt a pump and dump.
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Flashman
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November 15, 2014, 11:57:09 PM |
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Naw, make sure it IS a pump and dump and get out high on the pump side ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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lucky88888
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November 16, 2014, 12:03:14 AM |
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gold are worth mining at the moment.
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Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET! Recommended ASSET ->InstantDex : Lead Dev Jl777 (decentralized multi currency instant exchange) Recommended ASSET -> Jinn : Lead Dev Come-from-Beyond (ternary processors!) https://nxtforum.org/news-and-announcements/(ann)-jinn/
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xcapator
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November 16, 2014, 02:36:56 AM |
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Mining is profitable only if you have tons of ASICs. Otherwise you are wasting your power if you use a CPU to mine.
yes but Asics will become worthless in a matter of a couple months, while GPU mining still hold decent value and there's always something for gpu mining
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cryptworld
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November 16, 2014, 02:58:43 AM |
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mining today is only profitable for big players,if you are not,look for other way to earn bitcoins
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kingscrown
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November 16, 2014, 03:05:34 AM |
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Oh yes, another tip I learned from a friend a few months back. If you have a good hardware in you, try waiting for a coin that you think would be a good bet for speculating. Try mining some until you reach a threshold and hold it off until it reach the markets. Then sell it for profit and try to rinse and repeat. Low difficulty really helps you to mine those coins fast and you can earn many coins in less than a week. Just choose a coin that you think would be best to mine and try to keep some until it is released in the markets in exchange for btc. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) thats mainly how this is done ^^
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kimosan
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November 16, 2014, 03:33:18 AM |
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Oh yes, another tip I learned from a friend a few months back. If you have a good hardware in you, try waiting for a coin that you think would be a good bet for speculating. Try mining some until you reach a threshold and hold it off until it reach the markets. Then sell it for profit and try to rinse and repeat. Low difficulty really helps you to mine those coins fast and you can earn many coins in less than a week. Just choose a coin that you think would be best to mine and try to keep some until it is released in the markets in exchange for btc. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Shh, you're not supposed to be sharing those kinds of answers.
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HeroCat
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November 18, 2014, 09:57:36 PM |
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I think- there are a lot of mining companies, mining with own computer is not profitable ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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cryptworld
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November 18, 2014, 11:02:31 PM |
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you can get some profits from scrypt mining or x11 mining, but getting profit from bitcoin mining is only for the big whales
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