Can we still mine from home? - page 2.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: xstr8guy on December 03, 2014, 04:56:47 AM

Quote from: lowbander80 on December 03, 2014, 04:50:22 AM

All depends on the price of electricity and also during winter in the northern hemishere you can use if to drying clothes...or some home heating wich is a good thing.
I dont mine at home currently just recently moved a miner at home because my wife remembered since last winter that the laundry dried in just few hours...(6pcs S1 at that time...March 2014)

Serious question. People hang laundry in their homes to dry? That seems so 1940's.

Hey I do it all the time, I'm old school! Cheesy

Seriously, if it's good clothes I can't get to the dry cleaners, then I air dry that shit for like a day, then hand iron it.

Hmm...maybe the S1s as a clothes dryer is a better idea.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: lowbander80 on December 03, 2014, 04:50:22 AM

All depends on the price of electricity and also during winter in the northern hemishere you can use if to drying clothes...or some home heating wich is a good thing.
I dont mine at home currently just recently moved a miner at home because my wife remembered since last winter that the laundry dried in just few hours...(6pcs S1 at that time...March 2014)

Serious question. People hang laundry in their homes to dry? That seems so 1940's.

lowbander80

legendary

Activity: 1036

Merit: 1000

All depends on the price of electricity and also during winter in the northern hemishere you can use if to drying clothes...or some home heating wich is a good thing.
I dont mine at home currently just recently moved a miner at home because my wife remembered since last winter that the laundry dried in just few hours...(6pcs S1 at that time...March 2014)

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Of course you can still mine at home!*

*as long as you aren't expecting to make a profit

jeromanomic

newbie

Activity: 28

Merit: 0

Quote from: ChuckBuck on December 02, 2014, 12:48:53 PM

Sure you can. Anyone can mine from home, ROI is a whole different story though.

If you do decide to go ahead and mine, make sure it's inexpensive, energy efficient, and you view it strictly as a hobby, not a money printing machine.

I guess this is a key point. If you mine from home, you have to go into it expecting to lose money... It's a pity because validating the blockchain is an important function and it was awesome when the open book was maintained by the collaborative of all the people... Now it's maintained by a few big players starting to look like banks, hope they don't start charging fees like the banks

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Sure you can. Anyone can mine from home, ROI is a whole different story though.

If you do decide to go ahead and mine, make sure it's inexpensive, energy efficient, and you view it strictly as a hobby, not a money printing machine.

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

You can always mine from home... doesn't mean you're going to make anything from it... then again, it doesn't mean you're not going to make anything from it, either Wink

.

jbrnt

hero member

Activity: 672

Merit: 500

You can still mine from home. Some still run their kit in their garage. It is profitable for them? I am not quite sure, may be marginally profitable after taking away electricity and cooling installations. Winter is here and cooling is less of a problem, so might be more profitable than in summer.

notlist3d

legendary

Activity: 1456

Merit: 1000

It depends. You need space, and cheap electricity. Your electricity rate really is the big deciding part.

jeromanomic

newbie

Activity: 28

Merit: 0

Quote from: LightningBlade on December 02, 2014, 08:48:50 AM

Quote from: jeromanomic on December 02, 2014, 06:28:40 AM

I just had a read of this:
http://www.finance-guy.net/finblog/is-difficulty-creating-centralization-of-bitcoin

It makes a fair point, that mining pools are becoming too powerful, and I don't know about you but my home computer would be useless at mining.

What do you think? is the growing difficulty bad for mining?

You can still mine from home, don't forget you save from hiring people and renting a office. Now you need cheap power....

And don't forget the supercomputer you need in order to solve the equation

LightningBlade

sr. member

Activity: 259

Merit: 250

Quote from: jeromanomic on December 02, 2014, 06:28:40 AM

I just had a read of this:
http://www.finance-guy.net/finblog/is-difficulty-creating-centralization-of-bitcoin

It makes a fair point, that mining pools are becoming too powerful, and I don't know about you but my home computer would be useless at mining.

What do you think? is the growing difficulty bad for mining?

You can still mine from home, don't forget you save from hiring people and renting a office. Now you need cheap power....

Samix

member

Activity: 112

Merit: 10

you can mine some pron Tongue

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

It's a natural process.
Mining become a business with millions $ revenue.
And as any other business - big players displace small miners.

jeromanomic

newbie

Activity: 28

Merit: 0

I just had a read of this:
http://www.finance-guy.net/finblog/is-difficulty-creating-centralization-of-bitcoin

It makes a fair point, that mining pools are becoming too powerful, and I don't know about you but my home computer would be useless at mining.

What do you think? is the growing difficulty bad for mining?

Topic: Can we still mine from home? - page 2. (Read 2826 times)