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Topic: Hash Rate hits 100 000 000 GH/s! (Read 2311 times)

sr. member
Activity: 353
Merit: 250
June 13, 2014, 01:59:12 PM
#28
Long live PoW! Even though I am not a miner...anymore.


legendary
Activity: 3766
Merit: 1217
June 13, 2014, 01:56:45 PM
#27
Yeah mining was/is a whole hearted effort otherwise you get pennies for it all.

Altcoin mining is a more attractive option when compared to Bitcoin mining. A few months ago, I got 0.2 LTC after mining for just 12-13 hours (using my normal system). I was afraid that my processor will get fried, so had to stop mining. Don't know how profitable is Litecoin mining right now.  Grin
full member
Activity: 168
Merit: 100
June 13, 2014, 06:21:05 AM
#26
Sure am glad I decided not to invest in mining Smiley

Good. I know people who have lost all their coins pre-ordering ASICs from Butterfly Labs. Fortunately, I was never interested in Bitcoin mining. Tried CPU mining for a week or so, but stopped after receiving just BTC0.0000001.
I also could not be bothered mining. I mined about 0.005BTC with my GPU on Mac at bitmint about 8 months ago, and thats the best I've ever done.
Could not imagine myself mining today, would be earning 100x less, or even worse than that.

Yeah mining was/is a whole hearted effort otherwise you get pennies for it all.
member
Activity: 101
Merit: 10
June 04, 2014, 03:00:45 AM
#25
Sure am glad I decided not to invest in mining Smiley

Good. I know people who have lost all their coins pre-ordering ASICs from Butterfly Labs. Fortunately, I was never interested in Bitcoin mining. Tried CPU mining for a week or so, but stopped after receiving just BTC0.0000001.
I also could not be bothered mining. I mined about 0.005BTC with my GPU on Mac at bitmint about 8 months ago, and thats the best I've ever done.
Could not imagine myself mining today, would be earning 100x less, or even worse than that.
legendary
Activity: 3766
Merit: 1217
June 04, 2014, 01:12:34 AM
#24
Sure am glad I decided not to invest in mining Smiley

Good. I know people who have lost all their coins pre-ordering ASICs from Butterfly Labs. Fortunately, I was never interested in Bitcoin mining. Tried CPU mining for a week or so, but stopped after receiving just BTC0.0000001.
member
Activity: 75
Merit: 10
June 03, 2014, 06:39:02 PM
#23
Sure am glad I decided not to invest in mining Smiley
sr. member
Activity: 406
Merit: 250
June 03, 2014, 03:49:22 PM
#22
Might be able to get some ant miners for cheap if you can offset electricity costs somehow. My mining days are sadly just about over. 
sr. member
Activity: 434
Merit: 511
June 03, 2014, 03:46:49 PM
#21
When will sell all of Neptune Knc. Will be at 200,000.

This is already consuming so much electricity, and there will be used more every day.
Isnt there a better option to make bitcoin more eco friendly?
Like make a miner that mines with solarpanels something like that would awesome.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
June 03, 2014, 03:32:29 PM
#20
Usually 3 months after mining is no longer viable the miners will ask for a higher price, then the price jumps!

mining is no longer viable at 23 th/s  what has this world come to!!

PEDO BYTE MINORS!!!

Unless you get the hardware very cheap you could not profit from mining. or if you have a lot of money to invest you could make a little money.
sr. member
Activity: 252
Merit: 250
June 03, 2014, 03:28:55 PM
#19
Usually 3 months after mining is no longer viable the miners will ask for a higher price, then the price jumps!

mining is no longer viable at 23 th/s  what has this world come to!!

PEDO BYTE MINORS!!!
member
Activity: 68
Merit: 10
June 03, 2014, 02:26:04 PM
#18
Massive jump in the last few months is some new miners available?

WTF? You talking "few months" like, 15? Tell us more about your planet!

Sorry, I meant few weeks, that big spike up at the end of the graph looks like new miners coming online is all. No need to be rude.

Probably Butterfly Labs mining with all those Monarchs that they haven't shipped yet.



Viewed on a graph alongside the hash rate,  BFL incompetence grew at the same pace.   They have chips but no boards that let them hash reliably.
The jump is everyone but BFL...
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
June 03, 2014, 06:43:56 AM
#17
Usually 3 months after mining is no longer viable the miners will ask for a higher price, then the price jumps!
hero member
Activity: 686
Merit: 500
June 03, 2014, 05:59:10 AM
#16
Massive jump in the last few months is some new miners available?

WTF? You talking "few months" like, 15? Tell us more about your planet!

Sorry, I meant few weeks, that big spike up at the end of the graph looks like new miners coming online is all. No need to be rude.

Probably Butterfly Labs mining with all those Monarchs that they haven't shipped yet.

full member
Activity: 168
Merit: 100
June 03, 2014, 05:49:54 AM
#15
Growth cant carry on like this. It would be nice to see graphs on investment cost, running costs, and so on, to see how they are moving, because i bet the investment cost to keep that growth is unsustainable in the long/mid term.
member
Activity: 83
Merit: 10
June 03, 2014, 05:46:37 AM
#14
Massive jump in the last few months is some new miners available?

WTF? You talking "few months" like, 15? Tell us more about your planet!

Sorry, I meant few weeks, that big spike up at the end of the graph looks like new miners coming online is all. No need to be rude.
legendary
Activity: 1974
Merit: 1029
June 03, 2014, 05:43:39 AM
#13
Massive jump in the last few months is some new miners available?

WTF? You talking "few months" like, 15? Tell us more about your planet!
member
Activity: 83
Merit: 10
June 03, 2014, 04:43:21 AM
#12
Massive jump in the last few months is some new miners available?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
June 03, 2014, 04:35:47 AM
#11
Very bullish for bitcoin. Mining is gonna suck the price up with it....just watch!
hero member
Activity: 546
Merit: 500
hm
June 03, 2014, 04:31:39 AM
#10
But the hashrate growth is slowing down. Usually it was more or less 20% growth of difficulty. Next time it will be around 12-13%.

But this is more than expected. There was no price increase in Bitcoin the last 6 months. The 30% increase in price the last 2 weeks might speed it up again. Is this neptune miner such a big deal?
legendary
Activity: 3766
Merit: 1217
June 03, 2014, 01:51:50 AM
#9
I am OK with this, as long as none of the mining pools are having more than 50% of the hash power. Right now Ghash is at 35%, followed by Discus Fish and BTC Guild at 13% each.
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