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Author Topic: Bitcoin Miner as a job  (Read 5581 times)
raskul
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November 21, 2014, 10:15:43 PM
 #21

I just bought 100 barrels of brent crude.
Now, THAT is what i call investment Smiley

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picolo
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November 21, 2014, 11:06:30 PM
 #22

I just bought 100 barrels of brent crude.
Now, THAT is what i call investment Smiley

Paper oil with leverage? Or how do you stock it? Tongue
Good investment!
Snipe85
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November 22, 2014, 12:48:07 AM
 #23

Get a job.

He wants a job that's why he's asking about mining. People are coin traders full time, what would you say to them?

picolo
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November 22, 2014, 03:11:53 AM
 #24

Get a job.

He wants a job that's why he's asking about mining. People are coin traders full time, what would you say to them?

I would say bravo but try to have a balanced life Wink
raskul
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November 22, 2014, 09:08:39 AM
 #25

Get a job.

He wants a job that's why he's asking about mining. People are coin traders full time, what would you say to them?

strong buy - brent crude oil

you're welcome.

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raskul
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November 22, 2014, 09:25:48 AM
 #26

I just bought 100 barrels of brent crude.
Now, THAT is what i call investment Smiley

interesting!

my old man just yesterday told me to consider crude...

please elaborate or PM.

PM'd you mate

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xstr8guy
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November 22, 2014, 01:13:01 PM
 #27

You don't even need to learn math to know that you will never earn $200 per week with 1.7THs. Did you even bother to google "bitcoin mining calculator"? How on earth did you come up with your ridiculous number?!

Put 1.7TH (SP20 hashrate) into this calculator here... https://alloscomp.com/bitcoin/calculator and the number you get will be ~$54 per day. And that's not including the cost of electricity. AND you still need to buy a PSU to power it.
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November 22, 2014, 02:19:15 PM
 #28

I just bought 100 barrels of brent crude.
Now, THAT is what i call investment Smiley

interesting!

my old man just yesterday told me to consider crude...

please elaborate or PM.

PM'd you mate

so it is at 80.36 usd what price  did you get in on?

 BTW 100 x 80.36 = 8036 I could see it bounce back to 99 soon.

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raskul
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November 22, 2014, 02:23:38 PM
 #29

I just bought 100 barrels of brent crude.
Now, THAT is what i call investment Smiley

interesting!

my old man just yesterday told me to consider crude...

please elaborate or PM.

PM'd you mate

so it is at 80.36 usd what price  did you get in on?

 BTW 100 x 80.36 = 8036 I could see it bounce back to 99 soon.

about 2 mins before close of trading last night  Grin

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sumantso
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November 22, 2014, 03:22:18 PM
 #30

If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

picolo
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November 22, 2014, 09:49:41 PM
 #31

If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

You can make a lot of money mining if you are very good and dedicated or you can make a lot of Dollar when Bitcoin rises in price.
raskul
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November 22, 2014, 09:51:24 PM
 #32

If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

You can make a lot of money mining...


Hahahahahaha



Dream on.

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xstr8guy
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November 22, 2014, 10:42:13 PM
 #33

If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

You can make a lot of money mining if you are very good and dedicated or you can make a lot of Dollar when Bitcoin rises in price.

Being "very good and dedicated" means nothing when it comes to BTC mining. Good luck is the best you can hope for. And that's much, much harder these days.
edgar
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November 23, 2014, 02:06:34 AM
 #34

though to be totally fair the 'luck' on btcguild has been sweet the past few days..

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November 23, 2014, 03:26:09 AM
 #35

though to be totally fair the 'luck' on btcguild has been sweet the past few days..



They had a dry spell for a while.   I loved the pool for the longest time though.   
xhomerx10
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November 23, 2014, 03:50:03 AM
 #36

though to be totally fair the 'luck' on btcguild has been sweet the past few days..



 Yeah I keep expecting them to post a news item begging for their coins back because they screwed up somehow Wink
eoakland
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November 23, 2014, 11:21:45 AM
 #37

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.
sumantso
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November 23, 2014, 02:10:57 PM
 #38

If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

You can make a lot of money mining if you are very good and dedicated or you can make a lot of Dollar when Bitcoin rises in price.

If the profit is dependent on price rise then its much better to buy the Bitcoins instead. At these prices its more profitable to buy and hold rather than spend the amount mining.

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November 23, 2014, 06:14:02 PM
 #39

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
notlist3d
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November 23, 2014, 06:22:01 PM
 #40

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.   

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.
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