Topic: I am out of the mining game :( - page 5. (Read 44712 times)

it's the stupid high maintanance fee that kill it, because if they really have 0.05 cost for electricity and nothing added, it would be fabulous you can actually roi pretty fast

but they milk the shit out of your investment

They basically mine with your money.

Above all, most of the Cloud mining sites are scummers. So even if you are ok with low profit you should think twice before joining them.

yup! he is like advertising more that suggesting on the given topic, hehe
Cloud mining is not advisable for me because of the low profit and a lot of cost.

Sounds more like a well placed AD.

Whoa! then it really is a scam? haha well I am just asking him so he would show his true colors if it is a scam or not, and I am not considering cloud mining as that profitable I had many doubts about it being fraud or not!

Can't take that message seriously. Either he is fishing for naive fools to scam, or he actually has not tried to withdraw from his "profitable" service yet

What Cloud mining site are you? and there is a risk of fraud in cloud mining and do you profit with just that?
and there are Contractual warnings that mining operations may cease depending on the price of bitcoin,
why are you happy with lower profits? you are the one to cover for the cost after all?

it won't change anything, because the diff will simply raise too much until the ratio between the earning and electricity would be barely profitable

it was the case for every new proclaimed new coins with cool and fresh algo, that make your mahcien consume lower, like fresh-coin

I was in the same situation and then I joined cloud mining services!! And now I am happy!

I look forward to seeing more ideas for PoW algorithms that do not so heavily favor those with free or cheap electricity

at this moment i`m mining two coins one is eth and the other one is leocoin.

Maybe the odds are not right for you to mine yet, the experience in failing is great when you realized that
you had invest so much money to this then you didn't reach ROI,
I feel you man! 

Me too. been out for a long time and only mined coins i thought was worth it. Now dismantling rigs and moving on to something that actually gives money. Like a real life job o.O

Hey orcanice That's alright dude their is a lot out their like you so much money investment
in the mining industry but never quits, sometime you gotta fall or fail in what you are doing but
don't lose hope with it if there is no sacrifices there are no success! you may fail a hundred times
but If you succeed it is a million times more enjoyable if you push yourself to it! keep it up dude!
just an advice. 

A lot of people is dropping out the mining game. Which reminds me that this can, in a long time run, have a negative impact on the network decentralization. As more miners drop out, bigger companies are taking over mining. So my question is: will this be the cause for a 51% attack?

It extends out the miner subsidy as the value/strength of bitcoin grows. If it stayed at the original 50 and continued all 21 million would be mined before 2020.

I'm really split between buying a card and quitting ;~;  what, with the btc per block halving every know and then. Another question.

Why do blocks halve the reward every 210000 blocks (I think) ?  Is it too replicate the idea of real, physical mining, where a resource gets scarcer and scarcer?

probably not sha256, unless you have a s7 and very good electricity, i wouldn't mind diff too much, what it matter is efficiency

 Here you go guys...get an SP50 at 50k usd (probably) and 13,740 WATTS at 110 PH plus minus 10% in a 11 u rack

https://bitcointalksearch.org/topic/m.12501293


their blog announcement

http://www.spondoolies-tech.com/blogs/news/54091269-spondoolies-tech-reveals-a-glimpse-into-the-future-of-transaction-verification-services-hardware

 11 PH miners sh*t and spondoolies puts this (at cost) in their data halls and bitfury has their chips 14nm is it? hitting their data halls in a month

Difficulty is going to go more then crazy ...I mean jeez......

This could be BEYOND interesting.....boy when the Fat Lady sings about the end of home mining ..this will probably be the cord that strikes home miners in the heart

By  the by anything less then a 1 year warranty and they are not serious really about selling these to the public..this puppy dies and you can't get it fixed that is
one big lump of 50k expensive space heater let me tell you

Let the battle for centralization to maybe 4 or 5 big asic makers and their data halls commence!!! Then we in 2018 or so read about the 'conspiracy' 'shape' the
btc universe to their will (imho a flat difficulty curve at a high level no one else can jump into mnfg or data hall wise at that point in time and thus the move
to 'encourage' the btc devs etc to make 'transaction fees' mandatory and they can clean up with flat difficulty and fees cutting up the btc mining pie 4 or 5 ways)

11 PH miners for BTC it is gonna get weird quick

heh (such a cynic)