Topic: I am out of the mining game :( - page 8. (Read 44414 times)

it is still possible if you are stupid lucky....i found a knc titan all working well for a very very very low price.....but even at that it will ROI in 4.5 months or so more or less
at current LTC prices with electric included...but 4.5 months is a long time in alt coin anyway.....so that is the only way I know of

and we are talking at LEAST 3/4 off any price you see miners at on Ebay imho at 15c kwh elec to even pull the above ...so to say the current prices of miners now is
completely out of control is still probably an understatement....

so used and dumb luck are the only way it works ....and in that it is 99% dumb luck ..kinda long odds... I am no where near finding anything close
to the above in any manner with any brand of miner...and i've been looking (mostly because I'm a silly primate and already found 1 cookie and figure there
has be more)

but hey it keeps me out of trouble and buying lottery tickets where the odds are probably the same of the above happening again

anyway ....if you want something to shoot for miner wise or something to do that is what i would keep in mind if it can't ROI with elec costs in less then 5 months or
so ...even just from a hobby mode way of looking at it ...it an't worth doing..you may not find anything ..but it should keep you from buying a miner at a really stupid
inflated price that will never ROI

(dare to dream)

Adding on to this, watch the classifieds section on this site. I see people listing S5's and other "current gen" miners fairly often. If you can get one for a good price, that'll lower your ROI time.

there is no way right now, but you could try some cloud like bit-x, you can resell your contract, there, at least

or if you don't pay the bill you can buy an antminer s5 and wait 5 month for roi, then you would make profit

okay if not, what is the best way to mining bitcoin for profit?i have no idea

the answer is no, it is worse than the hardest lottery, you can only do it for supporting the network or for fun, surely not for profit

my question is, is still profitable to mining bitcoin with low hasrate?

Please add some punctuation to make your message easier to read.

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Yes, PoS does encourage holding. However, isn't that the same with dollars / euro's etcetera? Sure, the interest you get at a bank is really low at this moment. But look about 5 years ago. It was actually worth it saving money on the bank because you get a nice interest in return. In that situation, you spend the amount of dollars / euro's you have to (on food, clothing, your house etc etc) and the spare money you might have left, was put into a bank account.

well we are getting to the realising that mining on cloud or harware as its bounces dwon im a lot of loss sometimes becuase of time and cost of watts i mean i quitted usb blades pens asic and gpu and cpu and even HDD burst coin is simple the diff growing and btc going down makes you just realize that the news on mining herdawre are not too goood maybe for a investment on sha256 bitcoin just in 1000 dollars miners not much more

PoW is probably the most intensive and energy costly arrangement but I also see it as the simplest and therefore going to be around the longest.

“At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.” – Satoshi

I dissagree... PoW will always have its place, why?  Here's why:

PoW - The most fluid and problem free; the top cryptos use this.
PoS - Only promotes holding... when it comes to using it as a currency, well, no one wants to sell an income earning property.  Those coins also often have wallet and mining issues.
Demurrage - Promotes spending only, coins vanish if not sued after a certain period of time.
PoX - Mainly PoW or PoW but re-branded.

It's also a lot easier and less risky for developers to expand on PoW than the others.

I fully agree with this statement. Home PoW mining s history.

If burst goes up in price a bet, renting a "storage vps" is what I would do.

I already found a good price one that would almost make profit at the current price.

Many people already doing that, and much more'll be. Not only PoS, but all kinds of Proofs-of're the future of cryptos. PoW's getting obsolete step by step

  It's sad but true

The big question are the new miners. S6 and S7 might be deal breakers and these should be around this summer.

Or not.

If any of you is willing to sell your miners.. Plz contact me.. I want to buy a few of them :-)

It made me smile a bit, love the USA. We pay 0,26 cent per kwh, in euro's!! Only if you host miners with a substantial power consumption the rates go down to 0,12 cent per kwh, still more because it's in Euro's, can you imagine what the price drop has done to people in Europe

if the price was higher, so it was the diff, therefore it would not have change much, different would have been the case if the price skyrocket in a short time, because the diff won't keep up

Man, I can barely pump out anything from my 780 TIs. I stopped mining because of the electricity costs and it wasn't worth it. I wish I had started diving into the Bitcoin world earlier.

Or, like I suggested a few pages back, mine with your HARD DRIVE with BURST.