Home mining is dead. - page 2. | Bitcointalksearch.org

philipma1957

legendary

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'The right to privacy matters'

Quote from: bitcoinbelieve on October 02, 2014, 11:53:56 PM

Home mining is not dead in fact the mega factories would die first before home mining does. They can't recoup their investments and their operating fees when the BTC is continually going downward direction. They have more pressure to make a profit than avg. home miner. Most of home miners see this as a hobby not a job

well I will give you this a home guy can mine 1 s-3 and just bank the coins . he will not lose much doing that.

under 300 for he s-3 40 a month for power. a small home miner will not lose a lot if he did this.

Mattofla

newbie

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If you have some solar panels at home maybe it could work out your profit.

bitcoinbelieve

sr. member

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Home mining is not dead in fact the mega factories would die first before home mining does. They can't recoup their investments and their operating fees when the BTC is continually going downward direction. They have more pressure to make a profit than avg. home miner. Most of home miners see this as a hobby not a job

seoincorporation

legendary

Activity: 3276

Merit: 3067

Maybe with the new generation miners, the mining will be business again...

The ANTMINER L1 (Speed: 120MH/s) have some future:

https://bitmaintech.com/

joae1975

hero member

Activity: 752

Merit: 500

I solo mine 3gh. I figure I have a 1 in 42 million chance of hitting a block every 10 minutes. Better than powerball odds, not as big a jackpot tho. But I'll take it.

Is my math right?

CustomChickenDelivery

member

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Tha Chickenator

my KNC mercury is still giving me poker chips for seals, every couple weeks. Grin

ajw7989

legendary

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Merit: 1000

a safer investment is like most say to just buy bitcoin. Mining at home is only profitable if you can manage to mine altcoins and pick a good one. Bitcoin home mining is pointless. Even if bitcoin price does go up cloud mining with companies will still be more profitable. Hopefully there becomes a lot of good competition this way mining will not become lopsided

philipma1957

legendary

Activity: 4242

Merit: 8515

'The right to privacy matters'

I see only spot mining for us home miners.

5 cents a kwatt

.7 watts a gh is the new montra.

So anyone that can so that can mine at home. I can't come close to that.

My friends office lets me do 1100 watts at 2.4 cents that is 3 s-3's. they will be good to mine for a long time.

My in house is 15 cents the heat benefits lower that to 10 cents at 370 usd this stops in jan.

I now buy coins and hold them.
most of my investment is coins.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: c0ffer on October 02, 2014, 05:41:20 PM

For BTC maybe. Altcoin home mining is still workable.

Although if the estimated difficulty holds we're on the way to a decrease Shocked

Do you mean SHA alts or Scrypt coins? And are we talking Scrypt ASICs or GPUs?

c0ffer

hero member

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Gems:Crypto

For BTC maybe. Altcoin home mining is still workable.

Although if the estimated difficulty holds we're on the way to a decrease Shocked

ChuckBuck

hero member

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better everyday ♥

As long as Difficulty continues to climb and Asic Manufacturers continue to self mine with their huge industrial farms, the home/hobby miner will be mining at a loss from the word "go".

There's no scenario really where it benefits a miner to home to plug in at this point. You'll never recoup the startup and operational costs, so why bother. Even with a fiat price spike, it'd be better off just buying the coin outright.

Home mining truly is dead.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

I just don't see a scenario where future generations of hardware will make sense at any cost. Efficiency seems to be stalled at .7w/GHs at best. And only the few home miners with sub $0.10/kWh will be able to profit after the next 2 or 3 difficulty adjustments.

Does it make sense for manufacturers to go to smaller process nodes for future generations of miners? It will cost so much more to develop and take so much time, it will be too late for the next gen to make sense for the home miner. And then, would they even bother to sell them at retail?

Massive datacenters will continue to be built by ASIC manufacturers in locations with super-cheap electricity. Therefore difficulty will continue to rise. Even if they could get efficiency to sub .5w/GHs with a smaller process node, it will be way too late for home miners.

Btw, this does not come as a surprise for me. I'm pessimistic about home mining and have been predicting variations of this scenario for months. But I just wanted to get opinions from others. Thanks!

Topic: Home mining is dead. - page 2. (Read 2319 times)