Topic: I am out of the mining game :( (Read 44655 times)
I just sold (4) S3 locally for $150 USD so I'm happy - I couldn't have mined that much in 60 days even.
eth imo looks hot now for mining.
not anymore, there are better alternative, even spreadcoin is slightly more profitable
diff is still increasing on average
where do you calculate what coins has the most profit?
You can try http://www.coinwarz.com/cryptocurrency or https://www.whattomine.com/
.Coinwarz is great for current profit but it does not change difficulty like one needs on some currency. Over time this will lead to HUGE differences just by not having a difficulty change.
If bitcoin I suggest bitwisdom - https://bitcoinwisdom.com/bitcoin/calculator . They also have a litecoin calculator aswell. But it's very good with difficulty changes which leads to long term better speculation.
eth imo looks hot now for mining.
not anymore, there are better alternative, even spreadcoin is slightly more profitable
diff is still increasing on average
where do you calculate what coins has the most profit?
You can try http://www.coinwarz.com/cryptocurrency or https://www.whattomine.com/
. 
eth imo looks hot now for mining.
not anymore, there are better alternative, even spreadcoin is slightly more profitable
diff is still increasing on average
where do you calculate what coins has the most profit?
it's easy, you look at the net hashrate, then you divide for your hashrate
then you do the math about the total coins produced by the network, based on the block time and block reward
and divide the total coins by the ratio you get from nethash/yourhash, and finally multiply the number of coins for the price
eth imo looks hot now for mining.
not anymore, there are better alternative, even spreadcoin is slightly more profitable
diff is still increasing on average
where do you calculate what coins has the most profit?
eth imo looks hot now for mining.
not anymore, there are better alternative, even spreadcoin is slightly more profitable
diff is still increasing on average
eth imo looks hot now for mining.
I made a profit on my S5s - barely - by selling them off "just in the nick of time".
I made a small profit on my SP20 by selling it off.
Without those sales, I'd have lost money on mining Bitcoin (I'm officially out as of Monday when I ship the last of the S5s to Hawaii).
I've actually made a fair bit on mining Litecoin so far, but that's been a bit rocky too - lost money on my Gridseeds, but made a fair bit back in GPU days and will end up still ahead if I even achieve breakeven or very close overall on my A2s.
The last few months, though, have been a nightmare for folks trying to get into mining and make a profit, unless they had VERY VERY cheap electric - and even then it's been iffy.
The 14/16nm generation should be a game changer, though - instead of having a year OR LESS most commonly before the "next gen gear" hits and kills profitability on older gear, it should take a few YEARS before the 14/16nm full custom gear gets outdated.
I made a small profit on my SP20 by selling it off.
Without those sales, I'd have lost money on mining Bitcoin (I'm officially out as of Monday when I ship the last of the S5s to Hawaii).
I've actually made a fair bit on mining Litecoin so far, but that's been a bit rocky too - lost money on my Gridseeds, but made a fair bit back in GPU days and will end up still ahead if I even achieve breakeven or very close overall on my A2s.
The last few months, though, have been a nightmare for folks trying to get into mining and make a profit, unless they had VERY VERY cheap electric - and even then it's been iffy.
The 14/16nm generation should be a game changer, though - instead of having a year OR LESS most commonly before the "next gen gear" hits and kills profitability on older gear, it should take a few YEARS before the 14/16nm full custom gear gets outdated.
Mining will kill you. Don't do it for profit, because profit will never happen. It's pointless now for the average miner, and even in places like Washington state in the u.s with cheap electricity, you probably won't make much. Difficulty is jumping like a kangaroo on steroids, and unless you have some sort of hyperefficient solar farm, yeah, its dead.
In this mining world, electricity price is the key. If it is over $0.1/kWh, it is very difficult to make profit.
Mining will kill you. Don't do it for profit, because profit will never happen. It's pointless now for the average miner, and even in places like Washington state in the u.s with cheap electricity, you probably won't make much. Difficulty is jumping like a kangaroo on steroids, and unless you have some sort of hyperefficient solar farm, yeah, its dead.
I don't know anything about these guys but a couple of recommendations...no idea if you have to host a particular amount of time either.
But on 13.7c kwh the rates I was quoted (a month or so back) when I looked into it ...supposedly with fees and 40 buck new account
fee...and of course to 'ship' your titan to them....came out to ball park figure (according to them) of 8c kwh
On my two Titan(s) that came out to about 114 bucks a month savings in electric
again not saying I know these guys...but has got me thinking about summer months maybe I will have to punt to host or shut off
(unless frigging BTC goes up taking LTC and scrypt up with it...these prices for LTC say are not gonna float come summer..just saying)
so anyone know or use these folk?
http://www.greatnorthdata.com/
If nothing else they were 'prompt' with a reply via email on costs
anyway for those who MAY want to 'dangle' in the 'home mining' ie 'boarding school version' for a bit longer
But on 13.7c kwh the rates I was quoted (a month or so back) when I looked into it ...supposedly with fees and 40 buck new account
fee...and of course to 'ship' your titan to them....came out to ball park figure (according to them) of 8c kwh
On my two Titan(s) that came out to about 114 bucks a month savings in electric
again not saying I know these guys...but has got me thinking about summer months maybe I will have to punt to host or shut off
(unless frigging BTC goes up taking LTC and scrypt up with it...these prices for LTC say are not gonna float come summer..just saying)
so anyone know or use these folk?
http://www.greatnorthdata.com/
If nothing else they were 'prompt' with a reply via email on costs
anyway for those who MAY want to 'dangle' in the 'home mining' ie 'boarding school version' for a bit longer
I have been using Great North Data for almost a year now, but with my hardware and the obnoxious increases in difficulty the last few months I do not think it is possible to make a profit going forward (unless the BTC price goes up a lot).
Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now
Mining is easier than it has ever been - we have machines built specifically to mine!
Making a profit is becoming unobtainable.
Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...
https://bitcointalk.org/index.php?topic=1323657.0;topicseen
MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'
Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.
So you mean to say that we should put Bitcoins on some new algorithm and then start the process again???
Is that what you want to say???
Mining with Hard Drives ain't good too, and who says mining doesn't damage our hard drives, these machines heat too like ASICs...
Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now
Mining is easier than it has ever been - we have machines built specifically to mine!
Making a profit is becoming unobtainable.
Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...
https://bitcointalk.org/index.php?topic=1323657.0;topicseen
MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'
Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.
BURST will always have the inherent issues that it can be overtaken easily with a 51% attack since it's not as disseminated. One of the reasons for the reasons for the race to ASIC was for security (which oddly now seems more threatening).
Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now
Mining is easier than it has ever been - we have machines built specifically to mine!
Making a profit is becoming unobtainable.
Which is why we shouldn't mine SHA anymore, but instead, move on along to something that makes more sense...
https://bitcointalk.org/index.php?topic=1323657.0;topicseen
MINE WITH HARD DRIVES. They don't have any of the issues that ASICs do. Just sayin'
Before you go postal on me, think about it long term and also the fact that it doesn't damage the drives. Okay are you relaxed? Now really try it. Good. Carry on.
Shame man... I know its super hard to mine now. The difficulty has just gone ridiculously high the last few months, we are like on over 120 now
Mining is easier than it has ever been - we have machines built specifically to mine!
Making a profit is becoming unobtainable.
why? what happened bro...you can make good profit from this you know?!
good profit only if you've roi'd, otherwise it's only a race between you and the roi time, before your asic become obsolete
Yeah, basically that's why we need the Bitcoin price rising, it would be easier to roi then. But actually it looks like it has started already, we have $385 now and only yesterday it was like $375 as I can remember. Let's cross fingers so it won't go back again.
Problem is that if the price goes up more miners pile in and difficulty skyrockets. Besides, why not just buy the bitcoin anyway and sell when it goes up.Mining is a queen's race. And it's not possible to make long term economic profit in a game like mining. Too perfect competition.
you are right...because it is logic...
Open a bread shop in a village...without breadshop...
you will certainly make profit...
if a second person opens one...the situation is different already...
if many people open...perhaps you will even loose...
Yeah, basically that's why we need the Bitcoin price rising, it would be easier to roi then. But actually it looks like it has started already, we have $385 now and only yesterday it was like $375 as I can remember. Let's cross fingers so it won't go back again.
Problem is that if the price goes up more miners pile in and difficulty skyrockets. Besides, why not just buy the bitcoin anyway and sell when it goes up.Mining is a queen's race. And it's not possible to make long term economic profit in a game like mining. Too perfect competition.
why? what happened bro...you can make good profit from this you know?!
I would love to still be mining, but its just not worth it where I am either. Each time I got new hardware it was only a short time before I had to power down, only ever got ROI on GPU mining.
try the comining with me...
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