mayax (OP)
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January 23, 2015, 07:22:27 PM
Last edit: January 23, 2015, 07:51:15 PM by mayax |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
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seoincorporation
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January 23, 2015, 07:24:18 PM |
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I would like to know how a miner can still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose will mining? How is the biggest miner now?
If you can get free electricity, ming cost is close to zero... think about that. |
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mayax (OP)
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January 23, 2015, 07:49:35 PM |
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I would like to know how a miner can still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose is still mining? Who is the biggest miner now?
If you can get free electricity, ming cost is close to zero... think about that. how can you get free electricity for a mining farm which normally cost around of 7000 USD per day??  I am referring to the real mining farms not clouding or ponzi. Who is the biggest miner now? |
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unsoindovo
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https://locktrip.com/?refId=40964
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January 23, 2015, 08:17:39 PM |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
Where did you read the news? Can you post the link Plz! I'm really interested. I Have a zen cloud contract. I hope it not will be the next! |
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dr1980m
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January 23, 2015, 08:26:03 PM |
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i think cex still make mining but only for their
they stop mining for customer
i haven't any proof, it's only my opinion..
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unsoindovo
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January 23, 2015, 08:29:02 PM |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
I' m'still googling searching that new .... But i find nothing! |
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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January 23, 2015, 08:40:11 PM |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
I' m'still googling searching that new .... But i find nothing! I think that you were looking for this: https://bitcointalk.org/index.php?topic=923056.0But.. interesting enough, ghash.io still finds blocks - just check blockchain info.... Am I missing something? |
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mayax (OP)
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January 23, 2015, 11:29:34 PM |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
Where did you read the news? Can you post the link Plz! I'm really interested. I Have a zen cloud contract. I hope it not will be the next! here is the link : http://blog.cex.io/news/cex-io-temporarily-suspends-cloud-mining-services/i recommend you to cashout the funds from any existing cloud mining program. |
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btcshiner
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January 23, 2015, 11:39:54 PM |
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Is the block found by Ghash.io just from CEX or from remote miners using the pool? If a poretion of the 40 ph that I have heard are still on it is cex then all they did was suspend payments and kept mining for themselves.
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mayax (OP)
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January 23, 2015, 11:45:37 PM |
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Is the block found by Ghash.io just from CEX or from remote miners using the pool? If a poretion of the 40 ph that I have heard are still on it is cex then all they did was suspend payments and kept mining for themselves.
you cannot cover the costs for mining with the present BTC price. this is my question. whose still mining and how can they afford that? |
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techgeek
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January 24, 2015, 01:24:44 AM |
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no mining at this point is profitible, which explains why CEX just paused their operation, since the price of bitcoin is too low for them.
just pick it up as a hobby, and focus on your real job and buy it when its super low.
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Brewins
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January 24, 2015, 02:57:50 AM |
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In some places in Asia dollar is valuable enough for mining be profitable. Or hardware cheap enough.
And I guess cex.io closed because mining is not enough to pay themselves AND the customers, not because mining per se is not profitable
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dropt
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January 24, 2015, 03:48:03 AM |
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Operating costs aren't fixed across every miner. I'm still profitable and my HW is all 1W/GH.
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sandykho47
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Knowledge its everything
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January 24, 2015, 02:51:11 PM |
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If you have efficient miner in price, performance with low electricity operation. Also with cheap electricity price you still can make some profit |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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seoincorporation
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January 24, 2015, 03:46:08 PM |
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I would like to know how can a miner still earn money with BTC = 230 USD while the biggest "miner" Cex.io closed the business.
Cex.io said that they cannot cover the cost anymore.
Whose are still mining? Who is the biggest miner now?
Where did you read the news? Can you post the link Plz! I'm really interested. I Have a zen cloud contract. I hope it not will be the next! here is the link : http://blog.cex.io/news/cex-io-temporarily-suspends-cloud-mining-services/i recommend you to cashout the funds from any existing cloud mining program. cex.io goes down, but that dont mean its the end of the miners. Busines like Bitmain, or spondoolies tech, now have great discounts in the hardware. http://www.spondoolies-tech.com/https://bitmaintech.com/ |
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mayax (OP)
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January 24, 2015, 03:46:26 PM |
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how can you get free electricity for a mining farm which normally cost around of 7000 USD per day?? I am referring to the real mining farms not clouding or ponzi. Who is the biggest miner now? The question was: "I would like to know how can a miner still earn money with BTC = 230 USD" Nothing about 7000 in there. If the mining was possible 14 months ago with BTC trading for $120, it should be now at almost twice that price. Mining is taking a risk. the mining difficulty was much lower than now. that's why they afforded to do it. Cex.io was the biggest miner(I guess) and they closed the shop. If the biggest one is closing, how can the rest of miners still remain? It cannot be a hobby because it costs a lot of money per day. The electricity price is around of 0.13 USD cents(average). it doesn't matter if you live in China, USA or Nigeria. The big miners own a lot of a ASICs so...the cost must be huge. they cannot make "tricks" in order to avoid the bills... The cost for a mining farm is around of 7000 USD per day. |
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DoubleTrouble
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January 24, 2015, 03:49:18 PM |
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It may not currently be profitable however if you mine the bitcoin at a loss right now if it goes up in time you will have made a profit for your mining time. The only problem is you will have to be able to operate at a loss for what might be some time.
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Paul Revere
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January 24, 2015, 03:59:24 PM |
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how can you get free electricity for a mining farm which normally cost around of 7000 USD per day?? I am referring to the real mining farms not clouding or ponzi. Who is the biggest miner now? The question was: "I would like to know how can a miner still earn money with BTC = 230 USD" Nothing about 7000 in there. If the mining was possible 14 months ago with BTC trading for $120, it should be now at almost twice that price. Mining is taking a risk. the mining difficulty was much lower than now. that's why they afforded to do it. Cex.io was the biggest miner(I guess) and they closed the shop. If the biggest one is closing, how can the rest of miners still remain? It cannot be a hobby because it costs a lot of money per day. The electricity price is around of 0.13 USD cents(average). it doesn't matter if you live in China, USA or Nigeria. The big miners own a lot of a ASICs so...the cost must be huge. they cannot make "tricks" in order to avoid the bills... The cost for a mining farm is around of 7000 USD per day. How about letting the big, grown up boys worry about that and you get back to your drawing, uhm kay?  |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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DoubleTrouble
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January 24, 2015, 04:04:14 PM |
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Many of them may well not be making profit right now... But if they continue to mine and hold with time it may become profitable with the price changing. For example I mine 0.1 BTC but it cost me that plus a little more in power costs (fiat) I then hold bitcoin until price rises enough so I then have made a profit if cashed out into fiat money. |
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