miners transfer very low amounts of data! but they need low latency!
They want low latency for best efficiency, but I've mined successfully on a sat connection (700ms more or less ALL the time).
Topic: Any suggestions on bitcoin mining (Read 2160 times)
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC.
No, I do NOT agree. PAYPAL ITSELF has a long bad track record of rippiing people off, or at best being VERY VERY SLOW to pay off on valid sales with ZERO explanation given.
Guess you're looking at it STRICTLY from a buyer viewpoint - where they might offer a little protection.
They offer a MUCH HIGHER probability of a seller getting ripped off.
Their so-called "seller protection" is a flat out LIE.
they have increased even the fee recently, i don't remember losing almost 10% for every transaction, yesterday i did a 28 euro transaction and only 26 went it
that is a scam indeed, too bad other service are not really used here(okpay) or i would use those
What it is a monopoly no other auction site comes close to it in traffic. There are Ebay fee's, Paypal fees (which you pretty much have to use), and now they are part of shipping they save you a few bucks but no doubt get a kickback from being part of shipping now.
So it's fees and more fees. But no one comes close to the volume of customers they have. So they are in charge and they pretty much know it.
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC.
No, I do NOT agree. PAYPAL ITSELF has a long bad track record of rippiing people off, or at best being VERY VERY SLOW to pay off on valid sales with ZERO explanation given.
Guess you're looking at it STRICTLY from a buyer viewpoint - where they might offer a little protection.
They offer a MUCH HIGHER probability of a seller getting ripped off.
Their so-called "seller protection" is a flat out LIE.
they have increased even the fee recently, i don't remember losing almost 10% for every transaction, yesterday i did a 28 euro transaction and only 26 went it
that is a scam indeed, too bad other service are not really used here(okpay) or i would use those
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC. Btc cannot be reversed so it's gone forever if problem and other person does not send back. With paypal if you get shipped a dud miner you might get money back. No it's not guaranteed 100 percent but still far higher then if it was BTC.
There is also seller protection but I'm unsure how much it helps. Reading it sounds pretty good I recently sold something to 0 feedback and decided to risk it so far a week later no issues. But granted it was not to high dollar of item or I would have canceled transaction.
No, I do NOT agree. PAYPAL ITSELF has a long bad track record of rippiing people off, or at best being VERY VERY SLOW to pay off on valid sales with ZERO explanation given.
Guess you're looking at it STRICTLY from a buyer viewpoint - where they might offer a little protection.
They offer a MUCH HIGHER probability of a seller getting ripped off.
Their so-called "seller protection" is a flat out LIE.
Please mention when you cut someones comment in a 1/4. You will see I agreed I was unsure how much seller protection helps as stated.
I'm not sure on slow payment. If you have a new account with certain things yes they hold money for a while as escrow. As long as you have a account that has been selling for a long time payment is not a issue, at least it has not been for me. I have sold a long time though but it's instant payment after they pay for auction on my account.
It is normally on buyer's side I think that is true. When I sell I normally put a high price with buy-it-now and pick who I want to win from offers. That is most effective tool I have found as a seller to try to get good buyers.
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC.
No, I do NOT agree. PAYPAL ITSELF has a long bad track record of rippiing people off, or at best being VERY VERY SLOW to pay off on valid sales with ZERO explanation given.
Guess you're looking at it STRICTLY from a buyer viewpoint - where they might offer a little protection.
They offer a MUCH HIGHER probability of a seller getting ripped off.
Their so-called "seller protection" is a flat out LIE.
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
It might be but through paypal you have to agree you have more protection then if you sent BTC. Btc cannot be reversed so it's gone forever if problem and other person does not send back. With paypal if you get shipped a dud miner you might get money back. No it's not guaranteed 100 percent but still far higher then if it was BTC.
There is also seller protection but I'm unsure how much it helps. Reading it sounds pretty good I recently sold something to 0 feedback and decided to risk it so far a week later no issues. But granted it was not to high dollar of item or I would have canceled transaction.
Paypal.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
Protection.
Contradiction in terms.
Hint - I was one of the "class" in that class-action lawsuit against Paypal several years back, and there's a lawyer firm looking at filing ANOTHER class action lawsuit over mostly THE SAME ISSUES that Paypal signed a consent decree to CHANGE after the first time around.
thanks for the advice amph
i appreciate it. ok i better buy used miner. BTW where can i buy used miner?Amazon usually has some listings, Ebay almost always has some, there's a marketplace forum here but you'll have to do a bit of digging through non-miner post headings, Craigslist usually has a few but likely not in your area (though some of us ARE willing to ship for the right price)....
Ebay you get paypal protection from a dud, but you are paying extra. Miners on the forum tend to sell for less then ebay (makes sense with ebay + paypal fees). And part of it depends on what miner your trying to buy.
The board you have to wait for a deal sometimes. Where ebay seems to be more constant stream of miners. (And again depends on unit a lot I'm sure are on sell in forum now).
thanks for the advice amph
i appreciate it. ok i better buy used miner. BTW where can i buy used miner?Amazon usually has some listings, Ebay almost always has some, there's a marketplace forum here but you'll have to do a bit of digging through non-miner post headings, Craigslist usually has a few but likely not in your area (though some of us ARE willing to ship for the right price)....
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
As for cloud mining there are a lot out there that simply scam investors but there are also those who are already tested like genesis and hashnest. The only problem I'm seeing with hashnest is that the market brought down the prices of hashes as more people are getting out of it due to increase in difficulties. So if you're planning to sell your newly bought hashes after a month, expect the price to be half of it or so.
miners transfer very low amounts of data! but they need low latency!
thanks.
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.i think you're right. and also i need a lot of money for hardware mining.
what is your electricity? you can try to buy 1 single s7 and do fine with it, if bill cost is somehow acceptable, no need to invest big
it is a solar power generator that can carry around 5,000W. i'm planning to buy s7 but my money said no. 'coz if there will be a slight malfunction on the hardware i don't have enough money to repair it. so i better save more money and buy miner in the future.
in the future nothing will change, asic will be even more expensive, because they will come always with more hashpower and more efficiency
i suggested to buy only one, if it come with malfuction you can return it, to the owner, buy used only
thanks for the advice amph
i appreciate it. ok i better buy used miner. BTW where can i buy used miner? i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.i think you're right. and also i need a lot of money for hardware mining.
what is your electricity? you can try to buy 1 single s7 and do fine with it, if bill cost is somehow acceptable, no need to invest big
it is a solar power generator that can carry around 5,000W. i'm planning to buy s7 but my money said no. 'coz if there will be a slight malfunction on the hardware i don't have enough money to repair it. so i better save more money and buy miner in the future.
in the future nothing will change, asic will be even more expensive, because they will come always with more hashpower and more efficiency
i suggested to buy only one, if it come with malfuction you can return it, to the owner, buy used only
miners transfer very low amounts of data! but they need low latency!
If you have free electricity and already have your own hardware then you should make a tiny profit but it really is difficult now to come away with anything major. Cloud mning is hit and miss, a lot of the sites have gone and there are a lot of scam sites around that will just take your money and run.
I picked up some hashpower from Genesis mining and it will take me the whole year to get roi and with the reward halving coming up I am not sure roi will even happen.
Out of the two I would choose to mine yourself only after you work out if t will be profitable. there are also other altcoins you could mine, you can look in the alternative section to find out more.
I picked up some hashpower from Genesis mining and it will take me the whole year to get roi and with the reward halving coming up I am not sure roi will even happen.
Out of the two I would choose to mine yourself only after you work out if t will be profitable. there are also other altcoins you could mine, you can look in the alternative section to find out more.
BTW about the hardware miner. it needs a good internet connection? my country has a poor connection. maybe it can affect the miner aight?
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.i think you're right. and also i need a lot of money for hardware mining.
what is your electricity? you can try to buy 1 single s7 and do fine with it, if bill cost is somehow acceptable, no need to invest big
it is a solar power generator that can carry around 5,000W. i'm planning to buy s7 but my money said no. 'coz if there will be a slight malfunction on the hardware i don't have enough money to repair it. so i better save more money and buy miner in the future.
If you have the capital, you can make a lot of money. The larger scale you go, the more you make. Thinking of buying a single s7 to mine with at home? Probably not worth it unless your states residential electricity is very low. Investing $10,000 - $20,000 could net you tens of thousands of dollars a year. Rent a warehouse cheap that has 200 or 300 amp lines running to it, pay low cost commercial electricity rates, and you can make a lot of money. Keeping in mind this is all based off of the current price of Bitcoin. I, and many others, predict Bitcoin has no where to go but up, especially since we're in 2016. I know as soon as I have enough saved up, I'll be setting up a mining operation.
I think starting slower and then build up. Starting at home is not a horrible idea depending on electricity price. I think you underestimate costs associated with a "cheap warehouse". You will be spending quite a bit on setup of such a place. There is the electrical, and cooling is two biggest things I can think of. And finding a "cheap warehouse" that allows the modifications you need for such might be hard.
10,000 in this idea would not get you even close to big commercial opperation that's less then 10 S7's and PSU's. And that does not include the initial startup costs. I think someone with ability to mine at their home and make a mining area is ahead by far in the 10,000 - 20,000 dollar area on investment.
If you have the capital, you can make a lot of money. The larger scale you go, the more you make. Thinking of buying a single s7 to mine with at home? Probably not worth it unless your states residential electricity is very low. Investing $10,000 - $20,000 could net you tens of thousands of dollars a year. Rent a warehouse cheap that has 200 or 300 amp lines running to it, pay low cost commercial electricity rates, and you can make a lot of money. Keeping in mind this is all based off of the current price of Bitcoin. I, and many others, predict Bitcoin has no where to go but up, especially since we're in 2016. I know as soon as I have enough saved up, I'll be setting up a mining operation.
If you have free electricity and already have your own hardware then you should make a tiny profit but it really is difficult now to come away with anything major. Cloud mning is hit and miss, a lot of the sites have gone and there are a lot of scam sites around that will just take your money and run.
I picked up some hashpower from Genesis mining and it will take me the whole year to get roi and with the reward halving coming up I am not sure roi will even happen.
Out of the two I would choose to mine yourself only after you work out if t will be profitable. there are also other altcoins you could mine, you can look in the alternative section to find out more.
I picked up some hashpower from Genesis mining and it will take me the whole year to get roi and with the reward halving coming up I am not sure roi will even happen.
Out of the two I would choose to mine yourself only after you work out if t will be profitable. there are also other altcoins you could mine, you can look in the alternative section to find out more.
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.i think you're right. and also i need a lot of money for hardware mining.
what is your electricity? you can try to buy 1 single s7 and do fine with it, if bill cost is somehow acceptable, no need to invest big
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs.i think you're right. and also i need a lot of money for hardware mining.
I am using solar power generator. so i think it's good on hardware mining? what do you think?
Solar power is not 'free' power for mining if you can earn money by selling power back to the grid. You need to treat the solar generated power cost as being what you lost by not selling electricity back to the grid.
Then you need to add in the cost of buying power from the grid when you are not generating sufficient solar power.
As a rough rule of thumb your average power cost over 24 hours needs to be under about 10 cents per kWh for mining to be viable. Solar power is unlikely to help.
I think you're right but my solar power is not enough to be sold to the grid.
Anything that you have full control over it is the wiser choice so owning a mining equipment is the right choice here but note that buying and owning a mining equipment shouldn't be your only problem as a lot more factors come into place when you try to operate a mining equipment like it's electricity cost and if you do something wrong then you will soon find yourself giving money for its maintenance repairs too so depending on what your plan is (if you have) make sure your ready for the consequences before getting on board.
noted i appreciate your advice. i really need a plan on mining.
I am using solar power generator. so i think it's good on hardware mining? what do you think?
Solar power is not 'free' power for mining if you can earn money by selling power back to the grid. You need to treat the solar generated power cost as being what you lost by not selling electricity back to the grid.
Then you need to add in the cost of buying power from the grid when you are not generating sufficient solar power.
As a rough rule of thumb your average power cost over 24 hours needs to be under about 10 cents per kWh for mining to be viable. Solar power is unlikely to help.
My suggestions is: dont do bitcoin mining, because you will make very small ammounts of BTC, even if you didnt have to pay for electricity.
so all i need to do is bitcoin investing. and avoid scammers aight?
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
It all depend on your location, budget and electricity price. The most important thing is your electricity rate per kWh. What is it?
I am using solar power generator. so i think it's good on hardware mining? what do you think?
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
My suggestion is not to use cloud mining as most of them collapse after a short time, own mining hardware depends on your electricity cost and your budget planned to buy the mining rigs. 
Anything that you have full control over it is the wiser choice so owning a mining equipment is the right choice here but note that buying and owning a mining equipment shouldn't be your only problem as a lot more factors come into place when you try to operate a mining equipment like it's electricity cost and if you do something wrong then you will soon find yourself giving money for its maintenance repairs too so depending on what your plan is (if you have) make sure your ready for the consequences before getting on board.
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
It all depend on your location, budget and electricity price. The most important thing is your electricity rate per kWh. What is it?
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
Both of them is probably not profitable anymore , there is a lot of cloud mining companies that turned out to be a scam later.
and for Hardware mining , Well it's not a scam since you mine yourself but you really won't earn that much unless you own a mining farm or something (which can costs millions of dollars) or ..; or If you don't have to pay electricity otherwise the earnings <= electricity (depends on the price anyway)
My suggestions is: dont do bitcoin mining, because you will make very small ammounts of BTC, even if you didnt have to pay for electricity.
i need a suggestion on btc mining. what is good? own mining hardware or cloud mining? thanks in advance
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