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Topic: Etherum Mining help (Read 1983 times)

sr. member
Activity: 736
Merit: 262
Me, Myself & I
March 10, 2016, 03:47:03 AM
#25

Withdrawal cost to EUR is flat 9 cents. Normally takes 4-12 hours.


Could You share the exchange where BTC to EUR fee is flat 9 cents? Thx.
legendary
Activity: 1736
Merit: 1006
March 10, 2016, 03:29:07 AM
#24
To me BTC looks like a falling knife. But maybe it is just me.

When the block size prolbem is resolved, the price of bitcoin will resume the up trend. But we have to wait until May probably.

But the block size problem to be solved with hard fork to 2MB will only happen in the middle of next year. Long wait.

the only problem with the block size is antpool is throwing out so many empty blocks.

http://bitblk.com/bitcoin/pool/AntPool/


its seriously kind of like saying the freeway is too slow, lets double the speed limit. yet all the cars in the fast lane are only going 35 MPH.


After the block halving, It will be less profitable to just get the 12.5 block rewards, it has to include many transactions.

right, except antpool doesnt pay miners the tx fees. they keep them.. so your point is not valid.

actually the top 3 pools as of now doesnt pay the tx fees..
full member
Activity: 201
Merit: 102
March 10, 2016, 03:06:13 AM
#23
To me BTC looks like a falling knife. But maybe it is just me.

When the block size prolbem is resolved, the price of bitcoin will resume the up trend. But we have to wait until May probably.

But the block size problem to be solved with hard fork to 2MB will only happen in the middle of next year. Long wait.

the only problem with the block size is antpool is throwing out so many empty blocks.

http://bitblk.com/bitcoin/pool/AntPool/


its seriously kind of like saying the freeway is too slow, lets double the speed limit. yet all the cars in the fast lane are only going 35 MPH.


After the block halving, It will be less profitable to just get the 12.5 block rewards, it has to include many transactions.
legendary
Activity: 1736
Merit: 1006
March 07, 2016, 03:14:35 AM
#22
To me BTC looks like a falling knife. But maybe it is just me.

When the block size prolbem is resolved, the price of bitcoin will resume the up trend. But we have to wait until May probably.

But the block size problem to be solved with hard fork to 2MB will only happen in the middle of next year. Long wait.

the only problem with the block size is antpool is throwing out so many empty blocks.

http://bitblk.com/bitcoin/pool/AntPool/


its seriously kind of like saying the freeway is too slow, lets double the speed limit. yet all the cars in the fast lane are only going 35 MPH.
full member
Activity: 221
Merit: 100
March 07, 2016, 03:07:44 AM
#21
To me BTC looks like a falling knife. But maybe it is just me.

When the block size prolbem is resolved, the price of bitcoin will resume the up trend. But we have to wait until May probably.

But the block size problem to be solved with hard fork to 2MB will only happen in the middle of next year. Long wait.
newbie
Activity: 57
Merit: 0
March 06, 2016, 03:56:48 AM
#20
To me BTC looks like a falling knife. But maybe it is just me.

When the block size prolbem is resolved, the price of bitcoin will resume the up trend. But we have to wait until May probably.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
March 06, 2016, 03:25:17 AM
#19
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



because bitcoin is stronger, more accepted more mined(backed more with electricity power) is the first one, ethereum as a currency is just a clone
legendary
Activity: 1176
Merit: 1015
March 05, 2016, 07:59:06 PM
#18
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/


What is wrong with USD?


with exchange rates, cashing out usd would certainly null out any profits?


Considering you are still using checks that might be the case.

Withdrawal cost to EUR is flat 9 cents. Normally takes 4-12 hours.


i think you are making things too complicated to prove a point..
most exchanges you need to verify before you can cash out.. most keep track of cash withdraws and send you a 1099 if you hit a certain point.
most charge a fee.. and have a minimum and maximum amount you can cash out.

plus like you said, it takes hours to get your money..




Ok, I didn't know it is that much regulated there. If I want to stay anonymous I normally use xmr.to

-EDIT- Or Bitcoin ATM

legendary
Activity: 1736
Merit: 1006
March 05, 2016, 07:39:15 PM
#17
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/


What is wrong with USD?


with exchange rates, cashing out usd would certainly null out any profits?


Considering you are still using checks that might be the case.

Withdrawal cost to EUR is flat 9 cents. Normally takes 4-12 hours.


i think you are making things too complicated to prove a point..
most exchanges you need to verify before you can cash out.. most keep track of cash withdraws and send you a 1099 if you hit a certain point.
most charge a fee.. and have a minimum and maximum amount you can cash out.

plus like you said, it takes hours to get your money..


legendary
Activity: 1176
Merit: 1015
March 05, 2016, 07:31:44 PM
#16
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/


What is wrong with USD?


with exchange rates, cashing out usd would certainly null out any profits?


Considering you are still using checks that might be the case.

Withdrawal cost to EUR is flat 9 cents. Normally takes 4-12 hours.
legendary
Activity: 1736
Merit: 1006
March 05, 2016, 07:10:41 PM
#15
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/


What is wrong with USD?


with exchange rates, cashing out usd would certainly null out any profits?
legendary
Activity: 1176
Merit: 1015
March 05, 2016, 07:10:08 PM
#14
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/


What is wrong with USD?
legendary
Activity: 1736
Merit: 1006
March 05, 2016, 07:07:39 PM
#13
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.



yeah but i cant spend eth on newegg.. :/
legendary
Activity: 1176
Merit: 1015
March 05, 2016, 07:04:53 PM
#12
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.



To me BTC looks like a falling knife. But maybe it is just me.

legendary
Activity: 1736
Merit: 1006
March 05, 2016, 06:26:25 PM
#11
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?



why not.. its a good profit and im going to mine eth for a month on my 4 270x's and buy a 390x with the btc.

legendary
Activity: 1176
Merit: 1015
March 05, 2016, 06:25:34 PM
#10
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.


Why would I sell my ETH for BTC at current market? I just don't get it. I mean, I understand ETH for fiat but for BTC?

legendary
Activity: 1736
Merit: 1006
March 05, 2016, 05:50:14 PM
#9
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.

and the rate is not 60%.
i typed in my hash on a calculator, mined NH for 24 hours and got almost the same amount of btc the calc said i should get.. they do charge a 2 or 3% fee.
legendary
Activity: 1050
Merit: 1293
Huh?
March 05, 2016, 03:19:21 PM
#8
Yeah it's all true, and they do get that hash rate because a lot of miners are to lazy to go and sell their eth themselves.

It's easy, you mine and get payed in btc. That's why it's popular. And in a way that is understandable.
sr. member
Activity: 308
Merit: 250
March 05, 2016, 03:02:48 PM
#7
It seems the rig rental price in Nicehash is quite low. It is better to mine directly and do not rent out there.

i dont think their eth mining is rentals.. i think they are acting as a pool and paying out bitcoin.


If that is true, they are ripping miner off. Their rate is 60% of the rate you get if you mine at another pool. it ruined its reputation.
newbie
Activity: 33
Merit: 0
March 05, 2016, 08:16:55 AM
#6
It seems the rig rental price in Nicehash is quite low. It is better to mine directly and do not rent out there.

i dont think their eth mining is rentals.. i think they are acting as a pool and paying out bitcoin.


I think this is correct, I just checked their pages and I can't find anywhere to rent the eth mining power.. Shame because they're sitting at a nice 15GH/s
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