You're doing exactly what I would recommend. Continue mining with the Titans while also keeping an open ear for any buyers. Selling and getting back a small percentage of our money now is better than having the Titans sitting around doing nothing in the future.
$1500 of Bitcoin right now is about 5.6 BTC. I believe each Titan was originally ~20 BTC. So, with this sale, we're looking at getting back about 25% of our investment for this Titan.
In a perfect world with no energy costs and perfect 300Mh/s per Titan, a Titan would generate about 0.056BTC a day. So it would take a Titan about 100 days to generate the same amount of BTC (again, that's in a perfect world with no electricity costs or speed/difficulty variances). So yeah, I think selling was the right call there.
Topic: all finished - page 2. (Read 43249 times)
Waldo, the last payout I received was on 8th Jan. Have you since then turned off the miners?
Read the thread before asking questions, Miners were turned off because mining revenue - electrical costs = loss.
Has the Srypt-N option been explored at all? Are the Titans actually capable of mining Scrypt-N?
Waldo, the last payout I received was on 8th Jan. Have you since then turned off the miners?
How high does LTC have to climb for it to be profitable to mine again? I'd prefer to wait and resume mining rather than selling at a huge loss.
Mining or Selling it's a huge loss, money is better than no money.
How high does LTC have to climb for it to be profitable to mine again? I'd prefer to wait and resume mining rather than selling at a huge loss.
If we are going to sell them off we should put at least one on ebay and see what comes of it.
Use the proceeds to buy hard drives and start mining BURST
Use the proceeds to buy hard drives and start mining BURST
Certainly, You can have some Veg oil Biodiesel fumes for 1.35BTC per Cubic Meter,
you'll have to pay for delivery though
you'll have to pay for delivery though
can I have some of what you're smoking?
I'll go with the flow on whether to sell or not, maybe mothball them see what happens to future price or....I'm easy either way.
What to do with the money? well, one idea might be to reinvest it in alternative energy sources, wind, solar or veg oil diesel, find some land somewhere to install it and host other people's mining equipment using our alternative energy supplies.
As difficulties increase, mining equipment is going to end up unusable because of electricity costs, we can either buy it up cheap, or, host other people's units and run them literally till they fall to pieces.
Anyone in the group with some land to set this up ?
Solar
http://www.ebay.com/itm/100W-200W-400W-500W-1000W-12V-poly-solar-panel-polyscrystalline-solar-module-/320899957739
Wind
http://www.ebay.com/sch/i.html?_from=R40&_trksid=p2047675.m570.l1313.TR11.TRC1.A0.H0.Xwind+generator&_nkw=wind+generator&_sacat=0
Veg Oil
https://www.google.com/search?q=veg+oil+diesel+generator&ie=
If we reinvested, we could start small and grow it into something big.
What to do with the money? well, one idea might be to reinvest it in alternative energy sources, wind, solar or veg oil diesel, find some land somewhere to install it and host other people's mining equipment using our alternative energy supplies.
As difficulties increase, mining equipment is going to end up unusable because of electricity costs, we can either buy it up cheap, or, host other people's units and run them literally till they fall to pieces.
Anyone in the group with some land to set this up ?
Solar
http://www.ebay.com/itm/100W-200W-400W-500W-1000W-12V-poly-solar-panel-polyscrystalline-solar-module-/320899957739
Wind
http://www.ebay.com/sch/i.html?_from=R40&_trksid=p2047675.m570.l1313.TR11.TRC1.A0.H0.Xwind+generator&_nkw=wind+generator&_sacat=0
Veg Oil
https://www.google.com/search?q=veg+oil+diesel+generator&ie=
If we reinvested, we could start small and grow it into something big.
I think selling is a good idea, but getting payed through paypal can be a risk.
Paypal allows a transaction to be CC backed when the receiver claims its broken or
not what he ordered.
Paypal allows a transaction to be CC backed when the receiver claims its broken or
not what he ordered.
I would avoid PayPal, personally. Maybe offer $1,700 paid in BTC? Circle is very easy to use if the buyer has no coin.
I think sell it too.
We're never gonna break even. I reckon we should just minimize our loss by selling everything we can. I have 2 shares and I've received ~<10 ever since payouts started. We're making pittance because of KNC's shitty operations
We're never gonna break even. I reckon we should just minimize our loss by selling everything we can. I have 2 shares and I've received ~<10 ever since payouts started. We're making pittance because of KNC's shitty operations
Only sell it for BTC.
Sell it
I also believe the BTC price will rise again, with SR online again. I would like to sell the Titans also but we could be waiting quite a long time before someone offers us more then $500 for it.
IIRC, was at least one up there with 20+ bids at $1,175.
I also believe the BTC price will rise again, with SR online again. I would like to sell the Titans also but we could be waiting quite a long time before someone offers us more then $500 for it.
I do believe the BTC price will recover in the mid-long term, but right now I would be in the "let's sell the Titans on eBay" camp. I can re-invest the resulting $$ elsewhere with a better return.
really bad news. Might be an idea to wait for BTC/LTC to recover a bit and look to sell them on ebay, craigslist or the like?
Obviously, mining is not going to make us much coin, selling is probably the better option.
Obviously, mining is not going to make us much coin, selling is probably the better option.
According to the math I've done, Waldo is paying somewhere around 23 cents per Kw/h.
what's the official price Waldo?can we host them somewhere cheaper?
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