any mining succeess stories so far?

[resya]

I think 80% of the investment into mining right now are latecomers to the party who didn't do the math and just found out about magical money printing machines that live in the basement

[ChuckBuck]

Yea you want to know the true mining success stories out there?

It's the people selling the pick axes:









Though each of these guys and their companies are for the most part reputable, they're truly the minority that's benefitting from the mining scene.

[RD965]

Also everything depends on how you manage your resources

If you mess with altcoins you may find a sweet deal and multiply your income, but you have to know where to enter, when to leave, and its not an easy task

Mining business is one of the most time consuming, but most profitable if you know how and work hard

When I began with some miners time ago, I was lucky to mine LTC at the right time and sell at the right time, also DOGE

And the boom was AUR, that went to 90$ per coin in the bubble, and I had a few 


As for every business, know how and good decisions lead you to the money

[timk225]

I started mining Bitcoin in the summer of '13, and by July, with its difficulty going over 30 million, I switched to Litecoin and converted the 1/3 of a Bitcoin I had to Litecoin also.  I had GPUs pimping out the Litecoins for me.  By early October 2013 I had 205 of them.  At the time, they were worth about $2 each.

In the first week of December when the price spiked over $45 per Litecoin, I started selling mine.  Some dumbass in Singapore bought most of mine between $35 and $40 a coin, all Paypal transactions, and a few others bought up the rest.

I netted $7200 in profit, and the Litecoin prices only went down after that.  The people who gave me lots of money ignored the first rule of investing - Buy LOW and Sell HIGH.

Only thing that really bothered me was at the time in late 2013 when Litecoin was $2 each, I had over $10,000 in cash in the bank, and could have bought thousands more to sell for maybe a quarter million or so in profit.  DAMN if only I had known the price would spike like it did!!!

But that $7200 was damn sweet.  I knew how to spend it better than the idiot who bought up most of my coins on a price spike.  I got myself some quality time with a few nice young hot tight wet 18-21 year old escorts with a few hundred of it too!  

[RD965]

I started mining Bitcoin in the summer of '13, and by July, with its difficulty going over 30 million, I switched to Litecoin and converted the 1/3 of a Bitcoin I had to Litecoin also.  I had GPUs pimping out the Litecoins for me.  By early October 2013 I had 205 of them.  At the time, they were worth about $2 each.

In the first week of December when the price spiked over $45 per Litecoin, I started selling mine.  Some dumbass in Singapore bought most of mine between $35 and $40 a coin, all Paypal transactions, and a few others bought up the rest.

I netted $7200 in Gross profit, and the Litecoin prices only went down after that.  The people who gave me lots of money ignored the first rule of investing - Buy LOW and Sell HIGH.

Only thing that really bothered me was at the time in late 2013 when Litecoin was $2 each, I had over $10,000 in cash in the bank, and could have bought thousands more to sell for maybe a quarter million or so in profit.  DAMN if only I had known the price would spike like it did!!!

But that $7200 was damn sweet.  I knew how to spend it better than the idiot who bought up most of my coins on a price spike.  I got myself some quality time with a few nice young hot tight wet 18-21 year old escorts with a few hundred of it too! 

I also had those moments when you could buy extra at a low price, but thats why you got into mining right? "less risk" or better risk management for your strategy

Past is past, dont regret

[klondike_bar]

I've had pretty great experience and roi.

Mining has paid for $2000 worth of electrical installations, pdus, and power supplies.

Selling hardware at the right time(s) has given me good profit. For example I bought a bunch of sp20 units, mined with them for about a month or two, then sold them at 10-20% more than the original cost.

Just this month alone, I made almost $1000 (or ~20%) by flipping hardware on the local markets.

[mavericklm]

I bought a bunch of sp20 units, mined with them for about a month or two, then sold them at 10-20% more than the original cost.

the price of sp20 always went down, from 1200 to 449(if i remember the numbers right) how the hell did you sell them at the acquisition price plus extra 10-20%
 

[RD965]

I've had pretty great experience and roi.

Mining has paid for $2000 worth of electrical installations, pdus, and power supplies.

Selling hardware at the right time(s) has given me good profit. For example I bought a bunch of sp20 units, mined with them for about a month or two, then sold them at 10-20% more than the original cost.

Just this month alone, I made almost $1000 (or ~20%) by flipping hardware on the local markets.

Yes please how did you manage to sell overpriced hardware? That would just work with a price raise that makes it profitable

Otherwise youre looking for fools to sell to

[klondike_bar]

I bought a bunch of sp20 units, mined with them for about a month or two, then sold them at 10-20% more than the original cost.

the price of sp20 always went down, from 1200 to 449(if i remember the numbers right) how the hell did you sell them at the acquisition price plus extra 10-20%
 

I bought 6/$2400 and paid ~$200 for import. I mined with them while trying to sell, and eventually sold them for $450-550usd each

[RD965]

I bought a bunch of sp20 units, mined with them for about a month or two, then sold them at 10-20% more than the original cost.

the price of sp20 always went down, from 1200 to 449(if i remember the numbers right) how the hell did you sell them at the acquisition price plus extra 10-20%
 

I bought 6/$2400 and paid ~$200 for import. I mined with them while trying to sell, and eventually sold them for $450-550usd each

Nice margins, for how long did you mine?

You must got them in a good moment (early)

[adaseb]

I started in late January 2014 with GPU mining. Basically the worse time to start mining. I was suppose to have an ROI of 1.5 months which turned into 6 months. Still have the equipment making me like $1 a day.

Had better success recently with buying used ASICs. Bought a used S3+ and took about a month to ROI.

[RussianRaibow]

all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?

If u consider ROI is 114 days is a success story, then check this...

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Source: http://www.cmmonitor.com/24-cloudmining-website.html

[mavericklm]

cloud is crap!

[el kaka22]

mining can be successful if dependent on expensive or low cost of electricity?

[MAsterV]

i am profiting on https://scrypt.cc/

CLOUD MINING... ROI in a few months... FOR ME IT WAS PROFITABLE...

[Amph]

mining can be successful if dependent on expensive or low cost of electricity?

if you have free power, it can be successful for sure, as long as you made roi already

if those two thing are true, you are making free money basically

[RD965]

mining can be successful if dependent on expensive or low cost of electricity?

if you have free power, it can be successful for sure, as long as you made roi already

if those two thing are true, you are making free money basically

If you have free power, is it stlll profitable at the current price of bitcoin at 272 ?
Will people be able to ROI on the current prices ?

At current prices you wouldnt break even with any asic in the market that I know

But with further gains numbers adapt better, just be patient!

[Amph]

mining can be successful if dependent on expensive or low cost of electricity?

if you have free power, it can be successful for sure, as long as you made roi already

if those two thing are true, you are making free money basically

If you have free power, is it stlll profitable at the current price of bitcoin at 272 ?
Will people be able to ROI on the current prices ?

well yes, as long as your equipment is already payed, or it's an asic that cost you not too much

with free power, you will eventually roi at some point, unless the diff keep increase so fast that you can't catch it

[timk225]

The guys in these photos in this topic are some of the ugliest, dorkiest nerds I have ever seen, including myself.

[P4ndoraBox7]

Everything fine with Cloudminr