Topic: any mining succeess stories so far? (Read 4030 times)
Hope mine will be soon. Under mining operation you can read a lot of factors to think about. I will keep it updaten and post picture ASAP. Any advice from People with more than 15th is very welcome.
the most success I had was when I mined .1 btc in a 3 days, but this was when the merge of ASIC`s race.
I had a BFL 5gh/s back then, and it paid for itself.
And this was in 2012 when difficulty was super low, so the work out there was always constant.
I had a BFL 5gh/s back then, and it paid for itself.
And this was in 2012 when difficulty was super low, so the work out there was always constant.
Everything fine with Cloudminr 
The guys in these photos in this topic are some of the ugliest, dorkiest nerds I have ever seen, including myself. 
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
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!
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
i am profiting on https://scrypt.cc/
CLOUD MINING... ROI in a few months... FOR ME IT WAS PROFITABLE...
CLOUD MINING... ROI in a few months... FOR ME IT WAS PROFITABLE...
mining can be successful if dependent on expensive or low cost of electricity?
cloud is crap! 
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...
www.CloudMining.website is delivering ROI within 114 days as verified by a third party website tracking earning from various cloud mining companies...
Source: http://www.cmmonitor.com/24-cloudmining-website.html
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.
Had better success recently with buying used ASICs. Bought a used S3+ and took about a month to ROI.
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)
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
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.
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
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'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.
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.
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!
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
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!
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 $7200 was damn sweet. I knew how to spend it better than the idiot who bought up most of my coins on a price spike. I got myself some quality time with a few nice young hot tight wet 18-21 year old escorts with a few hundred of it too!
Also everything depends on how you manage your resources
If you mess with altcoins you may find a sweet deal and multiply your income, but you have to know where to enter, when to leave, and its not an easy task
Mining business is one of the most time consuming, but most profitable if you know how and work hard
When I began with some miners time ago, I was lucky to mine LTC at the right time and sell at the right time, also DOGE
And the boom was AUR, that went to 90$ per coin in the bubble, and I had a few
As for every business, know how and good decisions lead you to the money
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
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.
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.
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
I am guessing you mean purchasing that amount of hashing /mining on a cloud mining site. I would highly advice against it, as there isn't a reputable cloud mining company in the market, and you will actually be risking your investment for the risk of that.
Here's my 2 cents about mining BTC.
I consider all the investment I did/do as highly risked (meaning i understand i could lost everything in short period of time) so do not invest what you cannot lost.
I also consider my electricity bill as an investment in BTC. I only pay like 0.08 KWh (Canadian cents)
I really like to take care of my miner and optimize my setup.
I look at my wallet and let the number goes up
Kind of a success for me at least !
I consider all the investment I did/do as highly risked (meaning i understand i could lost everything in short period of time) so do not invest what you cannot lost.
I also consider my electricity bill as an investment in BTC. I only pay like 0.08 KWh (Canadian cents)
I really like to take care of my miner and optimize my setup.
I look at my wallet and let the number goes up
Kind of a success for me at least !
The cost me 2.4 cents a kwatt I have 2 and they do 850gh and use 650 watts.
Lucky you! I pay about $0.20/kWh on average, residential rates in southern California are very high. Good thing I mine as a hobby, not for profit.
How are you getting the 2.4 cents? I thought you mentioned much higher cost you had for power.
And as far as topic yes people roi. I would agree 90 day ROI is over. I have not had that since GPU days.
I will say most are more quiet that ROI. People that lose are normally more vocal.
I have 2 s-3's at my friends office. He rents the top floor of a building with a lawyer. He has 20% of the floor and pays 20% of the power bill.
This is a limited deal in that it must be under 800 watts and not noisy. so 2 s-3's at freq 212 use 660 watts hash at 850 gh. They are also quiet. Been running since July. My garage miners pay full price 13 cents in the winter and 16 cents in the summer.
I use 4000 watts in the winter and the heat lowers my cost to 10 cents. Once May comes the heat is worthless. Once June comes at 16 cents Until Sept 30th> I go to 1000 watts in house and host with lee in china. https://bitcointalksearch.org/topic/lee-group1980-the-sales-of-first-batch-hosted-antminer-s7psu-included-934581
I starting selling off most of my in house miners the last 2 weeks.
Any miner that's plugged in and running will get some ROI. Whether it breaks even or gets a positive return is another question.
Most of the mining success stories are located in mainland China.
like he said!
Buying a good miner is actually the easy part these days, finding a place where you can break even hosting it is the hard part.
The cost me 2.4 cents a kwatt I have 2 and they do 850gh and use 650 watts.
Lucky you! I pay about $0.20/kWh on average, residential rates in southern California are very high. Good thing I mine as a hobby, not for profit.
How are you getting the 2.4 cents? I thought you mentioned much higher cost you had for power.
And as far as topic yes people roi. I would agree 90 day ROI is over. I have not had that since GPU days.
I will say most are more quiet that ROI. People that lose are normally more vocal.
I started mining about 6 months ago, and I have had success.
My best advice buy used equipment if your just starting.
My best advice buy used equipment if your just starting.
Yes by few months I meant do the calculation , and those will itself tell him in how mnay months will he break even and he can make the decision accordingly. But yeah cloudmining, does take aaround 6 months to break even
The cost me 2.4 cents a kwatt I have 2 and they do 850gh and use 650 watts.
Lucky you! I pay about $0.20/kWh on average, residential rates in southern California are very high. Good thing I mine as a hobby, not for profit.
Most of the mining success stories are located in mainland China.
all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?
Its fine to buy that amount. Do the calculation and see if you can break even in a few months. If not, then its not worth it.
do not use a few months as your standard. use 6 months. no one can do a 90 day roi on mining. but 180 roi is possible.
basically the days of 20% diff jumps are done. we have averaged under 5% since nov.
The asic mad dog expansion is over. but we will still expand.
The 5% diff jump means your gear should last a bit longer. As a money earner. my 2 batch 1 s-3's still make money for me in a low cost for power spot.
The cost me 2.4 cents a kwatt I have 2 and they do 850gh and use 650 watts.
I have earned 3 coins with these 2 machines power has been 105 usd since july so I am 2.5 coins past power cost. I paid 1.35 coins for these 2. So I am ahead more then 1.15 coins
so these s-3's will be earning into 2016 see below.
5% diff jumps
8% diff jumps
all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?
Its fine to buy that amount. Do the calculation and see if you can break even in a few months. If not, then its not worth it.
Just made some bitcents with mining. Didn't had that much miningpower.
I remember reading something in November 2013, someone advised the only way to make money from bitcoin mining was to be a hardware manufacturer, or otherwise get hardware for free. I took that as a challenge, and worked from 17GH to 3TH in about six months with no out-of-pocket expenses between mining and serving the community with repair work and hardware kits. It's possible to come out ahead, it's just not easy. You'll probably need to start out with a whole lot of money, a whole lot of luck, or a whole lot of elbow grease.
all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?
My suggestion is..... DON'T. The only person who will make money is the person you buy the ASICs from. Buy BTC and hold it if you must.
all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?
All depends on your electrical costs to see if it's worth it.
The "k/WH" is usually the determinant before figuring out if you should even plug a miner in.
In the waiting game myself... And seriously need to stay in that stage because I've bought many miners lately.
2 Butterfly Labs jalapeno's...
1 S2
1 S3+
1 SP10 (hasn't arrived yet)
2 Butterfly Labs jalapeno's...
1 S2
1 S3+
1 SP10 (hasn't arrived yet)
there are tons with lots of people making ROI. I would personal wait to buy atm any gear. Bitmain and SP are both "sold out" on their sites because they are working on new chips and gear for release.
all i hear is dread, and im planning to get into mining wit 1-3 th/s . any suggestion?
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