Topic: I am out of the mining game :( - page 6. (Read 44712 times)

soon it won't be possible for an average bitcoiner to mine bitcoins... sorry to hear that you're out of mining game.
don't think that there is a way to mine bitcoins except huge mining farms... unless a revolutionary mining rig comes with economical electricity input and considerable mining power.

Op do you want a motivation about the mining industry?
Today i have watched a video where is mentioned a mining farm in china.
And guess what? they mine 100 Bitcoins a day, for more details here is the youtube link: https://www.youtube.com/watch?t=535&v=K8kua5B5K3I

When searching for lower cost ellectricity I looked at ecotricity. Their domestic Tariff is headlined with.

and is currently 20 Cents / KWH, one of the more expensive in the UK.

Of course their Business customers may get a better deal, but if I was them I would not be that happy with my nice green energy being blasted out into the Scottish Countryside.  

Rich

Which coin still give positive return?

you are new with 1 post by now most of us are tired of posters like you.

My suggestion is prove you are real.

 Use an escrow  take a cc take paypal.  have guy from sp-tech quote your post . 

The big problem is even if you do all that plus really set the gear up in a container you could attach a truck and disappear into the night.

High electricity bill is one of the main problem.

Well guys

The new 3rd Gen Spondoolies should be hitting the shelfs at xmas hopefully at 15Th/s a machine with a 4 x Power Efficiency rating from SP35

I am currently trying to pull together a consortium of miners who want to carry on mining

I have a few 14ft ISO containers I am converting like the Cryptokube with 36 x Spondoolies in each container.

I have 3 phase power and broadband directly to each container.

Starting with 1 Kube at a cost of £147,750 to setup and a ROI of under 11 months. I would be paying out to Bitcoin addresses Weekly a percentage share to each investor. All financial forecasts and budgets would be available to share online through SharePoint. I am a trading business so this is all above and beyond legit. I work as a Project Manager in IT and love Bitcoin Mining, I also love Excel so I find great pleasure in creating forecasts that are deadly accurate.

This mine could create up to 5 Bitcoins per day and this is only the beginning if I can get funding together for another Kube then it will happen. Continuously building on this will be a tremendous achievement and a first in Scotland.

I will be getting sheeting the outside of the container in Solar Panels (not that they will do much but every bit counts)

Got a good deal on the power through ecotricity.co.uk they have also offered to help with the Solar panels too. All there electricity comes from Hydro, Wind and Solar power.

I have been in touch with Spondoolies and been put on a mail list as soon as the new miners are up for sale. So currently at Seeding stage for this.

All investors will be acquiring a SHARE of the company which will be a Limited company based in Scotland. Obviously we will have to pay TAX as and where necessary.

I must say the weather in Scotland is perfect for this especially in a ISO Container.

If you are interested and have cash to invest in a PRIVATE MINE

I am also looking for Android Code developers to help build a App/Monitoring for android phones similar to the Genesis Hive app they use.

Any suggestions or ideas let me know

What country if I may ask?

Notice the SCAM OF A MACHINE they say are gonna run this above cloud mining.


https://www.minerslab.com/product/smart-miner-3-0-rack-mount-20ths-bitcoin-miner/

20TH for 4.7k hell.....they'd have to be next door and me do a tour and me run the thing and see it do so or I'd believe that
aliens are settling in colonies on the moon first.

I mean really ..really...or are these guys just pulling our leg? I do notice after 13hrs the above quoted Indiggo campaign has made zip nada nothing

and GEE WIZ GUYS these units have been out since DEC 2014!!!!! according to Youtube

https://www.youtube.com/watch?v=aPcG9kk5EIM

(sing a song of SCAM SCAM SCAM SCAM .................sheesh.....what a bunch of hooey!) Heh posted by a NEWBIE with 2 posts ..yeah you be legit as heck (NOT!)

but then again looking at the above was a frigging laugh riot I must admit in the sense of an EPIC Fail!

Hey support the future of bitcoin mining here may be we can build up something good for all
http://igg.me/at/BITMIN/x/9509081

Which is why HDD mining is so much better. Soon it will catch on, and people will stop spending ridiculous amounts of money just to mine and keep the network going. ANYONE can mine on their hard drive, anyone. Whether you're running an old crappy 32bit pentium4 or a top of the line system, it doesn't matter, they all run flawlessly with HDD mining and BURST. It is simply irrefutable that it is WAY more power efficient, and more secure, there's so much that is better about it, easily kept decentralized, and costs people nothing to get started.

Add on top of that Automated Transactions, Decentralized marketplace, escrow, and Encrypted Messaging, and you've got a platform that is worthy of the future for sure. All of this is BURST. Only thing that isn't quite there yet, is full recognition by the community, and beyond. Once that happens, HDD mining will be the future, and BURST will be the first of the future, the innovator of the mining style that killed power hungry PoW algorithms.

It's sad that things like this happen to good people that want to help the network as much as they want to make money. We're leading ourselves towards centrilization.

Get a cheap solar panel and battery, I power 2 USB hubs and my router for diddly squat!
Even if I'm playing the solo game with a few of them, it's a rough game to play.
I hope you make ROI back if you sell 'em.  

mining still profitable now after bitcoin price fall and electric cost is expensive. i think better i buy bitcoin and sell when price up

Yes, if you're purchasing special gear just to mine BURST it's not the most profitable right now, but the thing is, (also who we're currently 'targeting') everyone already has free hard drive space. We're trying to get the word out that people can get into mining a crypto with the gear they already have, while at the same time not decreasing the usability of their computers, and not upping their power bill.

This will also make the decentralization of the coin much higher, as any normal user with any computer with free space, can mine the coin, and get into the world of cryptocurrencies. we're aiming for the future, getting more people into the coin, and getting people using crypto in general.

Then you did a great decision. Mining isn't profitable as of now because of the price.

I'm not shilling for Ethereum or trying to slander BURST, I was just mentioning that "if you have a couple spare GPU's (Ethereum) might be worth looking into" and that I didn't think BURST was a very profitable coin to mine. Take a look at my post history, I've never mentioned Ethereum before either, I was just saying that I've heard Ethereum is a profitable coin to mine.

Also, I'm not sure how you figure BURST mining is profitable either. According to this calculator, you'd be making about 0.011 BTC per month if you used a 3 TB hard drive (so your initial cost would be ~ $85 USD, and that's a very conservative estimate as well). 0.011 BTC per month would barely cover the power cost of running an efficient BURST mining setup (let's say an RPi + HDD, that would take about 10 watts), but just for fun let's say that you aren't paying power costs. With an income of 0.011 BTC per month ($2.55 USD) it would take you 33 months to pay off your investment of just the hard drive. Keep in mind that this would be on a super efficient setup as well. If you pay power, and run the hard drive for BURST mining in a desktop, you wouldn't make any money because of power costs. A desktop would take ~ 40W (conservative estimate again), which would cost more than $2.55 USD to run for a month in most areas in North America. Please correct me if any of my numbers are off, but they should be fairly accurate.

It's great that BURST completed a cross-chain transfer, did everything without funding, and barely uses hard drives, etc, etc but I wasn't talking about what the coins accomplished, I was talking about what coins are profitable for mining.

nice FUD, but you're incorrect @ burst being long gone. Just because people expect to get rich overnight, doesn't mean a coin is gone. HDD mining takes almost no power, unlike all of the power-hungry algorithms, and thus is almost always profitable, even if it doesn't make you a millionaire overnight (but what coin does? Do any of you mining with ASICS or GPUs even make much of anything after the power bill?)

not to mention, it has been proven to barely work the drives at all, never damaging any drive. It actually works them less than just normal HDD use. So mining can continue for a very long time.

ETH may never accomplish anything fully. BURST already accomplished a cross-chain transfer (https://drive.google.com/file/d/0B4vYMJwBtRGLLVQ0OElQRzJackE/edit) with their Automated Transactions.


Not to mention, with the new GUI, it is now very easy for anyone to start mining.

So please, quit shilling for ETH, and stop slandering BURST.

edit: oh, did I mention that BURST did all of this with NO FUNDING? Yea.

From what I've heard the days of BURST mining are long gone. When it initially released it was a fairly profitable coin, but not so much anymore.

However I have heard of some users GPU mining Ethereum and making a little bit of money off that, so if you have a couple spare GPU's that might be worth looking into.

Mining on you HDD - That's right, almost no power usage! Is now possible for everyone!

https://www.youtube.com/watch?v=8FHvD3b30ks


Here is a video on how to use it.


Mining is back! A different style that is still a 'traditional' style of mining, completely reborn, uses hardly any power, and is very fun!