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.
Topic: I am out of the mining game :( - page 11. (Read 44712 times)
yes closed case GPU CPU pen only asic buy miners for scrypt or sha 256 are resisting but thats more not like a hobby soo its becoming porfessional to mine and to invest and to give a good drilll out of the ROIs
well mining hobby died long time ago, now is definitely buried
I don't mine as much as I used to now. I sometimes switch miners off for days. If I can get my self some more efficient miners and a good solar setup, I might get back into it with good speed.
$160USD to have a miner shipped down to Australia is a turn off.
$160USD to have a miner shipped down to Australia is a turn off.
I am too but also still interested in btc. Since I stopped mining I still had some btc and have played around with gambling which was mostly a bad idea lol.
but it's still fun. There are still other ways to get btc like selling stuff or services.
but it's still fun. There are still other ways to get btc like selling stuff or services.
Just buy the coin directly - it is valued at 480$ 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 $240 nearly down 50%. It was hardly worth mining then it definitely isn't now.
So im out of the mining game.
Getting asics importet from china is too expensive -.-
Electricity is too expensive in my country 0.14$/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
dont make the same mistakes as i did.
Getting asics importet from china is too expensive -.-
Electricity is too expensive in my country 0.14$/kwh -.-
and my block erupters isnt making me anything.
this game have only been a waste of money so far.
GL on your mining guys
dont make the same mistakes as i did.At least you had some fun, an experience and clean BTC
You will get some BTC when you sell your miners. 
Just buy the coin directly - it is valued at 480$ 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.
in my opinion mining btc can be a bit difficult you need to make the investment in a asic see the price calculate the degradation price for selling in 6 months to 1 year be aware of diff rising calculate the watts costs and see the benefics in for instances 1TH of a ant miner tht costes like 1500 dollars and in one year sold buy 600 you need to make a revenue more than 1100 dollars in btc in 6 months to 1 year and that is like 3.5 BTC divided by 350 days you need 0.01 BTC per day in a 1TH that is precisely what may happends soo people do some calcs and if you buy a miner for instances gaw miner do take a good look at the risk and ROI.
You should not be losing your patient so soon. I would better suggest you to go with some quality and well established miner, It all depends on which mining pool and which currency are you are trying to use. You may go and buy some hash power as well and then can mine some good amount with a better speed. Buck up!
If I was a rich man and could put a decent wager behind a bet I have, I probably would rake in a nice profit..
I've started to believe the whole BitCoin world was taken over by Central Bankers long ago when they thought it might disrupt their banking cartel.
I seriously doubt that there's that much mining hardware coming online every 12 days that the difficulty jumps up anywhere from 7% to 20%.
That's bullshit!!
How's that happening?? NSA super computers being used to pump up the mining threshold??
I'm mining at 1.5THS and barely making $13 a day... 8 months ago I would have been making over $100 at that hashing power.. Talk about diminishing returns..
If I wanted to make $100 a day today, I'd have to be over 10THS, which I'd have to throw in another $20K in mining contracts. And that would only get up to $100 a day
for about 2 weeks before the fucking difficulty jumped up again..
And since BitCoin is tied to fiat currency, I'm guessing the reason it's down to $480 is because the fucking US dollar has somehow gained in value?!?!? Not in my opinion.. Try going to the grocery store and getting out of the store with 1/5th filled basket without blowing $100.
What happened to the idea that the more BitCoin was accepted by retailers that it would gain in value?? Not from what I'm seeing.. It should be up over $2000 a BTC..
And those of us who have invested tens of thousands in mining would actually be making some good money in return...
I've started to believe the whole BitCoin world was taken over by Central Bankers long ago when they thought it might disrupt their banking cartel.
I seriously doubt that there's that much mining hardware coming online every 12 days that the difficulty jumps up anywhere from 7% to 20%.
That's bullshit!!
How's that happening?? NSA super computers being used to pump up the mining threshold??
I'm mining at 1.5THS and barely making $13 a day... 8 months ago I would have been making over $100 at that hashing power.. Talk about diminishing returns..
If I wanted to make $100 a day today, I'd have to be over 10THS, which I'd have to throw in another $20K in mining contracts. And that would only get up to $100 a day
for about 2 weeks before the fucking difficulty jumped up again..
And since BitCoin is tied to fiat currency, I'm guessing the reason it's down to $480 is because the fucking US dollar has somehow gained in value?!?!? Not in my opinion.. Try going to the grocery store and getting out of the store with 1/5th filled basket without blowing $100.
What happened to the idea that the more BitCoin was accepted by retailers that it would gain in value?? Not from what I'm seeing.. It should be up over $2000 a BTC..
And those of us who have invested tens of thousands in mining would actually be making some good money in return...
Lol you have just answered your question, those who raked in larg profits from mining ealy in the game i.e the BTC millionares , the KNC,s BITMAINs basically the whales instead of investing in the BTC ecosystem I.e creating stores and retail opportuninites centered around bitcoins choose to just dump more and more fiat into hardware for mining.
then they turn around and dump those BTC they mine on the fiat market by the 100s a day why the hell would BTC rise ? Eventually if things don't change BTC could go to a point where no one can afford to mine anymore and either these whales will do the right thing and invest in the eco system or BTC will die.
It could be that there are whales in the background working on some services and things like I have discussed in the background and release them in the next few months similar to what GAW did with hashlet.
Look all around to find a Place closer to you to buy miners? Or Sell ur old miners for bitcoin and Wait until you can get me
lol - this is so true it hurts.. you missed out the part when they expand to work with data center companies.. welcome to the Arctic circle son
everything before success will has a process. Keep it and never give up.
Better to just sell the mining gear then to never give up...
The strategy of my ASIC manufacturer so far has been:
1. Take customers money.
2. Buy Bitfury chips.
3. Mine Bitfury until power cost too much.
4. Outsource the creation of an ASIC the Minion.
5. Sell used Bitfury for a discount as in-hand product.
6. Mine Minion until power cost too much.
7. Ask customers for more money by telling them to buy proprietary PSUs for the extra miners they promise as compensation for not delivering fuck all.
8. Ship a few of the units to customers and have them go off as incendiary bombs then claim they need to delay their obsolete and worthless miner a bit longer because it explodes and bursts into flames. Good excuse really, I mean after 6 months of "next week" one really needs something extreme like this as an excuse to rob me of my money and still not deliver fuck all.
9. Ask customers for several million dollars to fund the development of a 28nm Scrypt and a 14nm Bitcoin ASICs.
everything before success will has a process. Keep it and never give up.
Better to just sell the mining gear then to never give up...
everything before success will has a process. Keep it and never give up.
You make a good profit
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 dont make the same mistakes as i did.
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
dont make the same mistakes as i did.Mining game sucks, only manufacturer wins... No choice but to buy BTC since its cheap now... $540..
yeah, buying BTC is better, but i think if electricity is cheap, people can still make money from mining
It may take some time, though
It will take time to make money, isn't it?
How cheap of electricity is consider cheap? Most people consider $0.08/KWH cheap but look what happen. Its still unprofitable.
Is that mining BTC directly or something like multipool and trading?
So im out of the mining game.
Getting asics importet from china is too expensive -.-
Electricity is too expensive in my country 0.14$/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 dont make the same mistakes as i did.
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
dont make the same mistakes as i did.Mining game sucks, only manufacturer wins... No choice but to buy BTC since its cheap now... $540..
yeah, buying BTC is better, but i think if electricity is cheap, people can still make money from mining
It may take some time, though
It will take time to make money, isn't it?
How cheap of electricity is consider cheap? Most people consider $0.08/KWH cheap but look what happen. Its still unprofitable.
If I was a rich man and could put a decent wager behind a bet I have, I probably would rake in a nice profit..
I've started to believe the whole BitCoin world was taken over by Central Bankers long ago when they thought it might disrupt their banking cartel.
I seriously doubt that there's that much mining hardware coming online every 12 days that the difficulty jumps up anywhere from 7% to 20%.
That's bullshit!!
How's that happening?? NSA super computers being used to pump up the mining threshold??
I'm mining at 1.5THS and barely making $13 a day... 8 months ago I would have been making over $100 at that hashing power.. Talk about diminishing returns..
If I wanted to make $100 a day today, I'd have to be over 10THS, which I'd have to throw in another $20K in mining contracts. And that would only get up to $100 a day
for about 2 weeks before the fucking difficulty jumped up again..
And since BitCoin is tied to fiat currency, I'm guessing the reason it's down to $480 is because the fucking US dollar has somehow gained in value?!?!? Not in my opinion.. Try going to the grocery store and getting out of the store with 1/5th filled basket without blowing $100.
What happened to the idea that the more BitCoin was accepted by retailers that it would gain in value?? Not from what I'm seeing.. It should be up over $2000 a BTC..
And those of us who have invested tens of thousands in mining would actually be making some good money in return...
First and foremore - WOW. I agree. Where is the PUMP PUMP. SHIT. retailers are all bitpay coinbase.. dragging it all down including modern miners like myself... SICKI've started to believe the whole BitCoin world was taken over by Central Bankers long ago when they thought it might disrupt their banking cartel.
I seriously doubt that there's that much mining hardware coming online every 12 days that the difficulty jumps up anywhere from 7% to 20%.
That's bullshit!!
How's that happening?? NSA super computers being used to pump up the mining threshold??
I'm mining at 1.5THS and barely making $13 a day... 8 months ago I would have been making over $100 at that hashing power.. Talk about diminishing returns..
If I wanted to make $100 a day today, I'd have to be over 10THS, which I'd have to throw in another $20K in mining contracts. And that would only get up to $100 a day
for about 2 weeks before the fucking difficulty jumped up again..
And since BitCoin is tied to fiat currency, I'm guessing the reason it's down to $480 is because the fucking US dollar has somehow gained in value?!?!? Not in my opinion.. Try going to the grocery store and getting out of the store with 1/5th filled basket without blowing $100.
What happened to the idea that the more BitCoin was accepted by retailers that it would gain in value?? Not from what I'm seeing.. It should be up over $2000 a BTC..
And those of us who have invested tens of thousands in mining would actually be making some good money in return...
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