Topic: I am out of the mining game :( - page 2. (Read 44712 times)
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.
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
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.
...clip...
Exactly like that. ROI doesn't really depend upon the technology harnessed. If you got that patience to HODL these coins.
But the wrong supplier can really wreck it!
I try but end up flipping coins for things like gas and potatoes.
However, I have high hopes for Ethereum and struggle to HODL my small cache of ETH.
My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.
But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
Exactly like that. ROI doesn't really depend upon the technology harnessed. If you got that patience to HODL these coins.
But the wrong supplier can really wreck it!
My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.
But the truth is I'll probably never make a profit mining due to the miner I order in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
But the truth is I'll probably never make a profit mining due to the miner I order in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
Even though we are trying to be highly secure from cheaters, we are getting trapped. This has to be stopped. Recently I heard mining is not profitable with the increased power as well as requirement prices. So most are getting out of it. Even someone trying to do mining also cheated. Is there any way to use escrow while purchasing requirements for mining.
My Block Erupters ROI'd, my Radeons ROI'd and my Antminer S5 ROI'd.
But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
But the truth is I'll probably never make a profit mining due to the miner I ordered in 2013 for $5k from Black Arrow. I never received a god damn thing and they refuse to refund my money despite not shipping me anything. I fucking hate Romanian scammers. The limey bastards in the UK are fucking sheltering these worthless pieces of shit.
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'm still in it until spring/summer rolls around. I'm basically using mining hardware to heat the house since its pretty cold here ~-10C and electricity is cheap. Once it gets warm, I'm going into minimal mining mode, cutting back on clock rates to increase efficiency.
My hardware already produced 5x the ROI since I started back in 2012. And already cashed out a lot when BTC hit over 1k.
At the moment, I'm losing money while mining in terms of electricity costs but at the same time it allows me to use the heater less often.
My hardware already produced 5x the ROI since I started back in 2012. And already cashed out a lot when BTC hit over 1k.
At the moment, I'm losing money while mining in terms of electricity costs but at the same time it allows me to use the heater less often.
I am thinking out of the mining game too, becouse price is getting higher and this is to expensive.
I know that now the mining becomes unprofitable in the areas where the electricity prices are high. All my mining friends continue with mining only because they have free electricity or the the price of it close to nothing.
But I hope when the price of BTC rises to over $450 the mining will be profitable again in most areas.
me too.
FINALLY someone with a LAMER life then myself
link to the burst stuff? (I am bored and may sink to your level of silliness)
This is the best current thread, the links in the OP are good. Takes a bit of getting going as it's not as mature as bitcoin, but quite a nice distraction from the heat & Cost of Bitcoin...
https://bitcointalksearch.org/topic/ann-new-burst-op-mine-any-free-space-hdd-mining-ats-ae-p2p-marketmore-1323657
Rich
Of course. As well as PoS mining could be profitable depending on the coin, I do mine Proof of Concept coins as well like BURST. That makes it an excellent combination for me to generate a decent amount of profits which takes place mostly into investing in BURST assets and staking Tekcoins.
I am having a little play with Burst as something to do when Bitcoin get'e even sillier than it is already...
Got to say it's good fun, consumes almost no additional power as I have several PC's running all the time and the only investment needed is in some additional hard Drive capacity which will always be handy.
Just one snag though, they are not worth anything, but I do like watching the Ninga display and seeing how you are doing.Rich
FINALLY someone with a LAMER life then myself
link to the burst stuff? (I am bored and may sink to your level of silliness)
Of course. As well as PoS mining could be profitable depending on the coin, I do mine Proof of Concept coins as well like BURST. That makes it an excellent combination for me to generate a decent amount of profits which takes place mostly into investing in BURST assets and staking Tekcoins.
I am having a little play with Burst as something to do when Bitcoin get'e even sillier than it is already...
Got to say it's good fun, consumes almost no additional power as I have several PC's running all the time and the only investment needed is in some additional hard Drive capacity which will always be handy.
Just one snag though, they are not worth anything, but I do like watching the Ninga display and seeing how you are doing.Rich
I am thinking out of the mining game too, becouse price is getting higher and this is to expensive.
Sad to hear you lost money on that one. I guess that with the current prices (that are somewhat low) it is harder yet. Have you tried POS coins? You can invest a little and not risk much. I love NETcoin for example, that provides some interest in the form of newly staked coins every few (six) hours.
Now that you mention PoS coins, a good way to earn some good profit is by investing into Tekcoin. Its price has gone down drastically which makes it a great choice to buy a huge stack of them while you still can and earn some pretty good stakes. The good thing about Tekcoin is that once you have some coins, just wait every 30 days for them to mature and earn some stakes.
POS is a great option the only thing is you have to have coins to start, but you could do that, or... https://bitcointalk.org/index.php?topic=1323657.0;topicseen
PoC
you can in almost every scenario mine with something you've already got, takes almost no power (just like PoS) and has a more 'mining' feel to it, because, well, it's mining!hell, do them both!
you can go big, you can go small, doesn't matter. If you run your PC anyway, no reason not to. We even have a GUI miner/plotter/wallet now. Give it a shot!
Of course. As well as PoS mining could be profitable depending on the coin, I do mine Proof of Concept coins as well like BURST. That makes it an excellent combination for me to generate a decent amount of profits which takes place mostly into investing in BURST assets and staking Tekcoins.
Sad to hear you lost money on that one. I guess that with the current prices (that are somewhat low) it is harder yet. Have you tried POS coins? You can invest a little and not risk much. I love NETcoin for example, that provides some interest in the form of newly staked coins every few (six) hours.
Now that you mention PoS coins, a good way to earn some good profit is by investing into Tekcoin. Its price has gone down drastically which makes it a great choice to buy a huge stack of them while you still can and earn some pretty good stakes. The good thing about Tekcoin is that once you have some coins, just wait every 30 days for them to mature and earn some stakes.
POS is a great option the only thing is you have to have coins to start, but you could do that, or... https://bitcointalk.org/index.php?topic=1323657.0;topicseen
PoC
you can in almost every scenario mine with something you've already got, takes almost no power (just like PoS) and has a more 'mining' feel to it, because, well, it's mining!hell, do them both!
you can go big, you can go small, doesn't matter. If you run your PC anyway, no reason not to. We even have a GUI miner/plotter/wallet now. Give it a shot!
Sad to hear you lost money on that one. I guess that with the current prices (that are somewhat low) it is harder yet. Have you tried POS coins? You can invest a little and not risk much. I love NETcoin for example, that provides some interest in the form of newly staked coins every few (six) hours.
Now that you mention PoS coins, a good way to earn some good profit is by investing into Tekcoin. Its price has gone down drastically which makes it a great choice to buy a huge stack of them while you still can and earn some pretty good stakes. The good thing about Tekcoin is that once you have some coins, just wait every 30 days for them to mature and earn some stakes.
Sad to hear you lost money on that one. I guess that with the current prices (that are somewhat low) it is harder yet. Have you tried POS coins? You can invest a little and not risk much. I love NETcoin for example, that provides some interest in the form of newly staked coins every few (six) hours.
You have to catch the moment when you have get some coins, but price hadn't fall down too much. Every POS coin is vulnerable to inflation and massive dumps. Greed is the major enemy of POS coins holders.
Sad to hear you lost money on that one. I guess that with the current prices (that are somewhat low) it is harder yet. Have you tried POS coins? You can invest a little and not risk much. I love NETcoin for example, that provides some interest in the form of newly staked coins every few (six) hours.
i'm impatient to see what will happen after the halving.
The only reference we have is the 2012 halving, but the overall market conditions are completelly different. These days halving from 50 to 25BTC resulted in absulutely nothing:
This time the market situation is not that same, so can't expect growth even when halving takes place.
Those days halving means surely there will increase in price now it has changed.
Jump to: