. You all seem to give a fcuk on anonymity and also give a fcuk on keeping the chain well distriputed and healthy by your greedy poolmining...
Hmmm. Using BitcoinCZ stats as a basis, my current 6.7TH of ASIC farm ((2) S3s, (3) S4s) pays about 0.005 BTC per found block and that pool finds half-a-dozen or so blocks a day. If I'm doing the math right, if I solo mined BTC and had average luck, I could find a bit under 1 coin per month solo mining, or 25+ months per block.
Is that what you recommend? Run for 2 years and hope I find a block, with nothing in between?
Seems to me that unless your spending thousands a month in electricity, pools are not really an option anymore (e.g. "not an option, a necessity").
I think you did not get the point...
BTC is centralized more than ever, you are complaining about not getting your miners from a "legit" company like BITMAIN, the so called ROI's are shifting more and more over to more than a year with investments that are quite huge taking your monthly sallary into consideration just for getting a glimpse in a very volatile payment system that was thought for another purpose.
If you take a look at
BTC at the value it is today, it probably would be smarter to buy
BTC for the ammount you invested in your gear that is out over a month now and you are loosing value on your investment.
I did some maths, and my conclusion was to sell my gear and hold the ammount of
BTC worth the gear, sit back, have a coup of tea and take a look at the value in one year from now.
The probability that i loose some of my holding in the event of
BTC crashing back to $10 is less compared to the market value of my gear at the same event.
Well, if you do your maths, there will porbably pop up the same conclusion that occured to me with raising power costs etc....
If you want to mine, set up your own pool and go for it, that would be in the meaning of
BTC along my comprehension.
I am not stressed with power costs, heat (which is good if you can use it to heat your home or your water), noise, failing hardware, not getting your hardware, your wifes complainment(naging) and so on.
Guys think about it. The fraction of home miners is currently a drop in the bucket compared to the raising "industry" at the moment speaking and please keep in mind, that the home miner is always served last with hardware that is one evolution, maybe two, steps behind of the development speaking of 0,06J hardware in use at the moment speaking.
I personally have no interest in beeing the dumb cash cow of the industry anymore.
Concluding i will turn my back on
BTC and use other currencies based on another protocol than
BTC to have truly secure, private and anonym possibilities to make my transactions besides FIAT
Indeed, it amazes me how many people still buy into mining hardware at crazy long ROI valuations/specs.
It is indeed easier to just buy whatever coin you desire and sit on it or trade etc than to mine it.
This is assuming you dont have free electricity and/or free hardware to mine with.
