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Topic: I am out of the mining game :( - page 10. (Read 44712 times)

full member
Activity: 122
Merit: 100
March 11, 2015, 02:06:27 PM
If you already have the miners I wouldn't stop yet as one day u might hit a great pool and boom paid for all your bad mining days
legendary
Activity: 2282
Merit: 1072
https://crowetic.com | https://qortal.org
March 11, 2015, 11:37:50 AM
Is it worth to start mining now?

if you want to start mining, suggest checking out BURST, it's mining based on Hard drive space. No need for billions of watts of power, and it's fun too!
member
Activity: 100
Merit: 10
March 10, 2015, 09:56:45 PM
Is it worth to start mining now?
No. Best off taking what money you would be spending buying mining gear, and purchasing BTC directly (eg: via Coinbase)

Thank you for such nice tip!
legendary
Activity: 1652
Merit: 1067
Christian Antkow
March 10, 2015, 09:47:58 PM
Is it worth to start mining now?
No. Best off taking what money you would be spending buying mining gear, and purchasing BTC directly (eg: via Coinbase)
sr. member
Activity: 542
Merit: 251
March 10, 2015, 08:04:27 PM
Is it worth to start mining now?
No it is not unless you are able to afford a very large miner and have cheap electricity and you have enough time where you can break even if it takes as long as 100 days. You can use http://www.coinwarz.com/cryptocurrency to find out how much you would actually make.
sr. member
Activity: 481
Merit: 250
March 10, 2015, 10:26:00 AM
Is it worth to start mining now?

Nope, not until bitcoin double its current price. But if you have really cheap electricity rate (0.05 cents) and below then you can consider mining.
member
Activity: 100
Merit: 10
March 10, 2015, 08:54:49 AM
Is it worth to start mining now?
sr. member
Activity: 1078
Merit: 270
March 09, 2015, 09:23:44 PM
You might want to look into Burstcoin mining! Cheaper then mining with gpu or asics.

Burstcoin mining isn't profitable anymore, it is profitable for the first month but whale came and wipe out all the profits.
It is but it takes time to make profit, I think it may have a bright future, we will see.
sr. member
Activity: 481
Merit: 250
March 09, 2015, 09:22:55 PM
You might want to look into Burstcoin mining! Cheaper then mining with gpu or asics.

Burstcoin mining isn't profitable anymore, it is profitable for the first month but whale came and wipe out all the profits.
sr. member
Activity: 1078
Merit: 270
March 09, 2015, 09:11:30 PM
You might want to look into Burstcoin mining! Cheaper then mining with gpu or asics.
full member
Activity: 209
Merit: 100
March 08, 2015, 09:53:08 PM
So im out of the mining game.

Getting asics importet from china is too expensive -.-
Electricity is too expensive in my country 0.14$/kwh -.-
and my block erupters isnt making me anything.

this game have only been a waste of money so far.


GL on your mining guys Smiley dont make the same mistakes as i did.
I understand where you are coming from, I am thinking about doing the same.
hero member
Activity: 1022
Merit: 500
January 31, 2015, 06:14:45 AM
It is positive because it means Coinbase is growing and getting stronger :


Today we are pleased to announce that Coinbase has raised $75 million in Series C financing, the largest funding round to date for a Bitcoin company. This brings our total capital raised to $106 million.
sr. member
Activity: 274
Merit: 250
January 31, 2015, 05:05:50 AM
I'm just going to say that it might not be profitable now, but with the value that you made, in a few years time,it could be worth a fortune.

+1 Wink I mine hard.

Exactly, keep goin' hard Wink
legendary
Activity: 2282
Merit: 1072
https://crowetic.com | https://qortal.org
January 31, 2015, 04:47:33 AM
I'm just going to say that it might not be profitable now, but with the value that you made, in a few years time,it could be worth a fortune.

+1 Wink I mine hard.
sr. member
Activity: 274
Merit: 250
January 31, 2015, 04:43:07 AM
I'm just going to say that it might not be profitable now, but with the value that you made, in a few years time,it could be worth a fortune.
hero member
Activity: 1022
Merit: 500
January 31, 2015, 04:22:16 AM
Just buy the coin directly - it is valued at 480$ USD right now - Calculate what it would cost to earn yourself a BTC (NET) through mining either physical/cloud and quickly understanding that greed has ushered in the era of industrial mining, either we adapt and go with the flow of the ocean... Or we swim into the riptide and drown.

Wow look at this post at the top of the page $480 4 months ago now $240 nearly down 50%. It was hardly worth mining then it definitely isn't now.

If your equipement is paid for and you don't pay for electricity it is worth mining.
legendary
Activity: 2212
Merit: 1038
January 27, 2015, 11:22:26 AM
Black Arrow scammed me out of $5k and never shipped my miner so I'm out before I even started (not counting my GPUs and erupters).

I'm not also impressed by referring to mining as a "game"; this is a serious amount of money for me to get screwed out of. Theft over $5k is an indictable offense last time I checked.
hero member
Activity: 583
Merit: 500
January 27, 2015, 08:01:45 AM
Not sure if i will ever make ROI with the cloud mining i purchased, but at least i dont have a power bill on steroids anymore.

Home mining was a fun experience, and i never regret positive journeys.


Cloud mining has the advantages of not having to deal with the equipement, software, bills ect. but it is not as fun as you don't have much to do, just pay for the ghs, collect your earnings and hope the cloud mining business doesn't close Grin.

Cloud mining is defendly a plus for those who still want to receive  daily payouts to get ROI now in days seems like a long journey, other then that just buy btc and trade a little im sure they would earn more btc then just getting a rig on a data center.
hero member
Activity: 1022
Merit: 500
January 27, 2015, 07:35:51 AM
Not sure if i will ever make ROI with the cloud mining i purchased, but at least i dont have a power bill on steroids anymore.

Home mining was a fun experience, and i never regret positive journeys.


Cloud mining has the advantages of not having to deal with the equipement, software, bills ect. but it is not as fun as you don't have much to do, just pay for the ghs, collect your earnings and hope the cloud mining business doesn't close Grin.
legendary
Activity: 1245
Merit: 1004
January 27, 2015, 04:35:05 AM
well mining hobby died long time ago, now is definitely buried
my favorite pool's expression of condolences
Quote
Maintaining your 3 hour hashrate average,
this will take at least another 463 months, 2 weeks, 6 days and 10 hours
at current network difficulty of 43,971,662,056.09.
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