Topic: Finding alternative way for my 50 rig mine site (Read 1726 times)
Are there any miners out there that have found some profitable way of utilising their hardware besides bitcoins? I found out about WPA cracking, but video rendering doesn't go that well on most ATI cards I figured..
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
I am still running at a profit, albeit a miniscule one. Remember that difficulty thing? People are generating ~33% more coin.
Yep. I'm doing it because I believe in bitcoin. Pretty amazing, huh?
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
Maybe It could be a opportunity for people who are interested in Bitcoin, not in speculation.
The network will be stable, because it was stable in the early blocks.
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
I am still running at a profit, albeit a miniscule one. Remember that difficulty thing? People are generating ~33% more coin.
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
You doubt that people have cheaper electricity than you? That's just foolish.
I am still running at a profit, albeit a miniscule one. Remember that difficulty thing? People are generating ~33% more coin.
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
further advantage of placing upward pressure on the price.
?? Why is this an advantage?You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit.
further advantage of placing upward pressure on the price.
?? Why is this an advantage?further advantage of placing upward pressure on th price.
?? Why is this an advantage? You can also look at it this way: if it costs you $3.00 in energy to generate a bitcoin, you can always mine them now and sell them later when the price goes higher (unless you are pessimistic it never will). If two months from now, the price goes up to even $5, you be sad you didn't mine two months' worth of bitcoins to sell.
This is a waste of money. It's better to buy them now, which has the further advantage of placing upward pressure on the price. 
You can also look at it this way: if it costs you $3.00 in energy to generate a bitcoin, you can always mine them now and sell them later when the price goes higher (unless you are pessimistic it never will). If two months from now, the price goes up to even $5, you be sad you didn't mine two months' worth of bitcoins to sell.
Hi, I've been running a bitcoin mine for around 6 month now with
50 5830. Since the price for bitcoin just drop below $3, the cost to generate a bitcoin
is too hight and no longer profitable. It is time to pull the plug and leave the party OR
I like the idea of bitcoin being an online currency and is time to find an alternative way.
you're probebly on the boat that's probebly why you're here.
Maybe You can try to build a render farm for some 3D applications like Blender.50 5830. Since the price for bitcoin just drop below $3, the cost to generate a bitcoin
is too hight and no longer profitable. It is time to pull the plug and leave the party OR
I like the idea of bitcoin being an online currency and is time to find an alternative way.
you're probebly on the boat that's probebly why you're here.
http://en.wikipedia.org/wiki/Render_farm
You can sell the processing power for bitcoins.
Another option is to sell all the stuff and recover some costs.
well.. i've invested into this thing already
the onlyway to find out is to try i guess... seems tobe easy enough to set up
I'll try to get post some updates on the blog if i have any success
the onlyway to find out is to try i guess... seems tobe easy enough to set up
I'll try to get post some updates on the blog if i have any success
If a $400 solar stirling plant could produce the same amount of power as $20K solar panels don't you think every company would be selling/installing stirling plants instead?
Right?
I plan on implementing Stirling engines on my diesel powered Phoenix class submarine so that I can make trans-pacific crossings underwater.
http://www.ussubmarines.com/submarines/phoenix_1000.php3
@DeathAndTaxes
my rig was built when everything seems too good tobe true @ $20+
im one of the lucky guy that got everything paid off before the party was over
I pulled the plug already on them since it's no longer profitable
Im on a project doing this DIY solar stirling generator right now,
size is like 4ft X 4ft, cost was around $400
but I should be able to generate enough power to run my 50 rigs
if it doesnt, I'll just ebay all of the cards
but so far i manage to get 3 of my computer running with a small version of the rig which cost around $80
building the big one atm
my rig was built when everything seems too good tobe true @ $20+
im one of the lucky guy that got everything paid off before the party was over
I pulled the plug already on them since it's no longer profitable
Im on a project doing this DIY solar stirling generator right now,
size is like 4ft X 4ft, cost was around $400
but I should be able to generate enough power to run my 50 rigs
if it doesnt, I'll just ebay all of the cards
but so far i manage to get 3 of my computer running with a small version of the rig which cost around $80
building the big one atm
If a $400 solar stirling plant could produce the same amount of power as $20K solar panels don't you think every company would be selling/installing stirling plants instead?
I have 50 card rig right now
FPGA will turn all my rig to a waste
solar panel is too expensive
Im doing a DIY solar stirling plant that generates free energy
I'll post some more stuff about the project here
http://mycheapenergy.blogspot.com/2011/11/episode-2-gathering-source.html
FPGA will turn all my rig to a waste
solar panel is too expensive
Im doing a DIY solar stirling plant that generates free energy
I'll post some more stuff about the project here
http://mycheapenergy.blogspot.com/2011/11/episode-2-gathering-source.html
Solar power? You do realize how expensive solar power is?
As far as efficiency how can you make any informed decision on economics if you have no clue what power your rigs actually pull from the wall?
Hell you might be still profitable @ $2 or you might have been losing money @ $6.
Lastly 5830s. Ouch not the most efficient cards. Likely combined w/ cheapo low efficiency power supplies right?
As far as efficiency how can you make any informed decision on economics if you have no clue what power your rigs actually pull from the wall?
Hell you might be still profitable @ $2 or you might have been losing money @ $6.
Lastly 5830s. Ouch not the most efficient cards. Likely combined w/ cheapo low efficiency power supplies right?
I remembered my last bill was like $1800 + CAD
didnt have time to break it down
pulled the plug on all of them since it falls below $5USD
It's all about solar power or FPGA now.
so people like us with lots of GPU power will start leaving
didnt have time to break it down
pulled the plug on all of them since it falls below $5USD
It's all about solar power or FPGA now.
so people like us with lots of GPU power will start leaving
Im actually starting a new project on cutting down the electricity cost
made a blog here
http://mycheapenergy.blogspot.com/2011/11/episode-2-gathering-source.html
well... hopfully something works out nicely
made a blog here
http://mycheapenergy.blogspot.com/2011/11/episode-2-gathering-source.html
well... hopfully something works out nicely
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