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Topic: I Am Unplugging My Bitcoin Cash Miners & You Should Too | ASIC Mining Is Dying (Read 2614 times)

sr. member
Activity: 1248
Merit: 297
I have mined over 2100 different coins in the past 2-3 years, follow up on about 95% of all suggestions made to me, and yes as a result of that get about 30 viruses a week, and lots of not so funny pop-ups, and each one i assess, briefly document (so hopefully i dont get fooled twice) and then move on. About 90% are scams or shitcoins, and I have found their is literally no way to find "the genuine one" without feeling that pain of going through each one of them.

i suppose if you have the free time to set up all those VMs or such, download all those  wallets and blockchains and maintain them, and take all that risk to your coins and infrastructure, you could find the occasional nugget of gold.

to me thats way to risky and time consuming. ill take reliability and simplicity. for the most part anyway.

Back in 2013-14 when I first started mining, there were virtually no pools, you had to download the full blockchain....not really an issue, you open several wallets and let em sync...one i'm doing at the  mo i'm on day 11 and its still 14 weeks behind, but its not like it needs any intervention, just dooes its thing, besides its more like satoshi's vision....millions of miners, wallets open, full blockchains, decentralised background mining.....Smiley
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
I have mined over 2100 different coins in the past 2-3 years, follow up on about 95% of all suggestions made to me, and yes as a result of that get about 30 viruses a week, and lots of not so funny pop-ups, and each one i assess, briefly document (so hopefully i dont get fooled twice) and then move on. About 90% are scams or shitcoins, and I have found their is literally no way to find "the genuine one" without feeling that pain of going through each one of them.

i suppose if you have the free time to set up all those VMs or such, download all those  wallets and blockchains and maintain them, and take all that risk to your coins and infrastructure, you could find the occasional nugget of gold.

to me thats way to risky and time consuming. ill take reliability and simplicity. for the most part anyway.
sr. member
Activity: 1248
Merit: 297
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

Hi there.
Been there, done that.
Problem with BTCC is that its full of desperate sheep, so every sniff of any profit, and bang 1000 people start mining it, and if that's BTC or ETH, etc, then that's ok, but I mine coins where in entire nethash is 10mhs on scrypt (just an example) and there are probably only 10-20 of us worldwide mining it, so guess what, it leaks, the idiots take over, the diff goes up 10,000 fold, the price drops to 0.00000001 / doge or worse, then they all go to the next "best thing", leaving the coins screwed...so, like I have said several times in various threads, take your time, do loads of research, hope for a lot of luck, and maybe you'll find a good en. To put it in to context, I have over 2100 wallets (separate coins) over the last 2 years, and most are dead, some have been incredibly valuable (1 offs only) and some just kick in a small amount each day....also, work smart, not hard...I replaced 6 x 750ti the other day with 1 moonlander2, makes no more money, but about 1/10th the power cost....as I type i', mining 3 coins on 1 rig (4core cpu / 2x1030gt gpu)
As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement...but that's life...

What i really need, is someone who can give me access to an AMD EPYC or Threadripper 2990W with windows on, for a week...that could be interesting...failing that, time to learn all about FPGAs, i think they're the future for all miners...
J
oh yeah, erm UK, and 18p kw/h, so you >10cent guys have NO excuses... Smiley




Not like I'm some super important popular dude but I get PMs about shitcoins daily

I don't like your comment

"As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement..."

you messaged me in standard look at this coin I've been stockpiling for awhile - you should check it out now fashion.

If your interests were genuine you wouldn't be throwing a dig @ me, your message also lost credibility when it you messaged the same thing copy and paste the second time.



Huh

Wow, looks like someone's ego has got the better of them

I don't normally PM anyone, unless i think they have great integrity and that i can either help them or need a little advice from them.
Re-reading the PM i sent you. there is a lot of good info there, a lot of work from me, and some tips...not sure what more i could have offered you really...
"u can take a horse to water, but can't make it drink" springs to mind....

Like i said, it was a "little dig" for not even bothering to acknowledge me, NO its not a coin i have been stockpiling ( I have about 400 coins i think), i dont even have the gear to mine it currently, and i was trying to help YOU out.  Sorry u get so many PM's and are jaded by them, i also know that feeling, i get 50-100 dodgy PMs a week too.

 I did try to reach out to you via youtube...but no joy, so I re-sent out, out of courtesy in case u didnt get it, so dont think i've lost any credibilty here, specially since i nearly make with 1 rig what u make with 50 gpus.... i was trying to help...you were the one who put up the "I Am Unplugging My Bitcoin Miners & You Should Too | ASIC Mining Is Dying" and  "50 GPU Mining Farm Earns Less Than $10 A Day vid" anyway, as one of your utube supporters and fellow miners, if you want any help, the door is always open...and always will be

That said, its responses like this that put me off helping others...
J

My response had no ego, you were disrespectful -- period. However I'm not looking to drag this out into some sort of internet argument.

I don't have a problem with you or anything and I appreciate anyone taking the time to help me increase my mining profitability.

You're response is full of ego, and clearly you don't actually want any help or suggestions. I wasn't disrespectful - you ignored me so I reached out a second time, and i don't fell very appreciated having put time and effort into that PM for you. You could have just PM'd me. Re read my PM if you havent binned it, i think the suggestion still might stand, and it's one of many I have to offer.
I have mined over 2100 different coins in the past 2-3 years, follow up on about 95% of all suggestions made to me, and yes as a result of that get about 30 viruses a week, and lots of not so funny pop-ups, and each one i assess, briefly document (so hopefully i dont get fooled twice) and then move on. About 90% are scams or shitcoins, and I have found their is literally no way to find "the genuine one" without feeling that pain of going through each one of them.

Anyways, what you have unfortunately shown me , is that even when someone asks for suggestions, not to offer any. Just a simple return PM to say "Thanks but no Thanks" was all it needed, literally 2 seconds of your time....
I'm sure your ego will force you to respond publicly one more time, but for me it ends here. I'm here to help if I can, and I look forward to watching your channel.
J
Oh and for transparency to all reading this, 2 of my coins halved in value in the last few hours, so i am still mining approx. 50,000 a day, but they both went from 2 sats to 1 sat....however there are currently enough orders at 1 sat to keep me going for about 200 days
newbie
Activity: 56
Merit: 0
The most profitable coin to mine for 2018 and the end of 2017 for me was and its still is IntenseCoin (ITNS)
Wokring on Cryptonote techonolgy and cryptonighe algorithm for me this was the most profitable coin ever.
full member
Activity: 269
Merit: 101
You get butthurt pretty fast Vosk.

I have noticed that.

 Grin
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

Hi there.
Been there, done that.
Problem with BTCC is that its full of desperate sheep, so every sniff of any profit, and bang 1000 people start mining it, and if that's BTC or ETH, etc, then that's ok, but I mine coins where in entire nethash is 10mhs on scrypt (just an example) and there are probably only 10-20 of us worldwide mining it, so guess what, it leaks, the idiots take over, the diff goes up 10,000 fold, the price drops to 0.00000001 / doge or worse, then they all go to the next "best thing", leaving the coins screwed...so, like I have said several times in various threads, take your time, do loads of research, hope for a lot of luck, and maybe you'll find a good en. To put it in to context, I have over 2100 wallets (separate coins) over the last 2 years, and most are dead, some have been incredibly valuable (1 offs only) and some just kick in a small amount each day....also, work smart, not hard...I replaced 6 x 750ti the other day with 1 moonlander2, makes no more money, but about 1/10th the power cost....as I type i', mining 3 coins on 1 rig (4core cpu / 2x1030gt gpu)
As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement...but that's life...

What i really need, is someone who can give me access to an AMD EPYC or Threadripper 2990W with windows on, for a week...that could be interesting...failing that, time to learn all about FPGAs, i think they're the future for all miners...
J
oh yeah, erm UK, and 18p kw/h, so you >10cent guys have NO excuses... Smiley




Not like I'm some super important popular dude but I get PMs about shitcoins daily

I don't like your comment

"As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement..."

you messaged me in standard look at this coin I've been stockpiling for awhile - you should check it out now fashion.

If your interests were genuine you wouldn't be throwing a dig @ me, your message also lost credibility when it you messaged the same thing copy and paste the second time.



Huh

Wow, looks like someone's ego has got the better of them

I don't normally PM anyone, unless i think they have great integrity and that i can either help them or need a little advice from them.
Re-reading the PM i sent you. there is a lot of good info there, a lot of work from me, and some tips...not sure what more i could have offered you really...
"u can take a horse to water, but can't make it drink" springs to mind....

Like i said, it was a "little dig" for not even bothering to acknowledge me, NO its not a coin i have been stockpiling ( I have about 400 coins i think), i dont even have the gear to mine it currently, and i was trying to help YOU out.  Sorry u get so many PM's and are jaded by them, i also know that feeling, i get 50-100 dodgy PMs a week too.

 I did try to reach out to you via youtube...but no joy, so I re-sent out, out of courtesy in case u didnt get it, so dont think i've lost any credibilty here, specially since i nearly make with 1 rig what u make with 50 gpus.... i was trying to help...you were the one who put up the "I Am Unplugging My Bitcoin Miners & You Should Too | ASIC Mining Is Dying" and  "50 GPU Mining Farm Earns Less Than $10 A Day vid" anyway, as one of your utube supporters and fellow miners, if you want any help, the door is always open...and always will be

That said, its responses like this that put me off helping others...
J

My response had no ego, you were disrespectful -- period. However I'm not looking to drag this out into some sort of internet argument.

I don't have a problem with you or anything and I appreciate anyone taking the time to help me increase my mining profitability.
sr. member
Activity: 1248
Merit: 297
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

Hi there.
Been there, done that.
Problem with BTCC is that its full of desperate sheep, so every sniff of any profit, and bang 1000 people start mining it, and if that's BTC or ETH, etc, then that's ok, but I mine coins where in entire nethash is 10mhs on scrypt (just an example) and there are probably only 10-20 of us worldwide mining it, so guess what, it leaks, the idiots take over, the diff goes up 10,000 fold, the price drops to 0.00000001 / doge or worse, then they all go to the next "best thing", leaving the coins screwed...so, like I have said several times in various threads, take your time, do loads of research, hope for a lot of luck, and maybe you'll find a good en. To put it in to context, I have over 2100 wallets (separate coins) over the last 2 years, and most are dead, some have been incredibly valuable (1 offs only) and some just kick in a small amount each day....also, work smart, not hard...I replaced 6 x 750ti the other day with 1 moonlander2, makes no more money, but about 1/10th the power cost....as I type i', mining 3 coins on 1 rig (4core cpu / 2x1030gt gpu)
As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement...but that's life...

What i really need, is someone who can give me access to an AMD EPYC or Threadripper 2990W with windows on, for a week...that could be interesting...failing that, time to learn all about FPGAs, i think they're the future for all miners...
J
oh yeah, erm UK, and 18p kw/h, so you >10cent guys have NO excuses... Smiley




Not like I'm some super important popular dude but I get PMs about shitcoins daily

I don't like your comment

"As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement..."

you messaged me in standard look at this coin I've been stockpiling for awhile - you should check it out now fashion.

If your interests were genuine you wouldn't be throwing a dig @ me, your message also lost credibility when it you messaged the same thing copy and paste the second time.



Huh

Wow, looks like someone's ego has got the better of them

I don't normally PM anyone, unless i think they have great integrity and that i can either help them or need a little advice from them.
Re-reading the PM i sent you. there is a lot of good info there, a lot of work from me, and some tips...not sure what more i could have offered you really...
"u can take a horse to water, but can't make it drink" springs to mind....

Like i said, it was a "little dig" for not even bothering to acknowledge me, NO its not a coin i have been stockpiling ( I have about 400 coins i think), i dont even have the gear to mine it currently, and i was trying to help YOU out.  Sorry u get so many PM's and are jaded by them, i also know that feeling, i get 50-100 dodgy PMs a week too.

 I did try to reach out to you via youtube...but no joy, so I re-sent out, out of courtesy in case u didnt get it, so dont think i've lost any credibilty here, specially since i nearly make with 1 rig what u make with 50 gpus.... i was trying to help...you were the one who put up the "I Am Unplugging My Bitcoin Miners & You Should Too | ASIC Mining Is Dying" and  "50 GPU Mining Farm Earns Less Than $10 A Day vid" anyway, as one of your utube supporters and fellow miners, if you want any help, the door is always open...and always will be

That said, its responses like this that put me off helping others...
J
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

appreciate the support my friend Cheesy & yeah I'm just one of everyone else!
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

Hi there.
Been there, done that.
Problem with BTCC is that its full of desperate sheep, so every sniff of any profit, and bang 1000 people start mining it, and if that's BTC or ETH, etc, then that's ok, but I mine coins where in entire nethash is 10mhs on scrypt (just an example) and there are probably only 10-20 of us worldwide mining it, so guess what, it leaks, the idiots take over, the diff goes up 10,000 fold, the price drops to 0.00000001 / doge or worse, then they all go to the next "best thing", leaving the coins screwed...so, like I have said several times in various threads, take your time, do loads of research, hope for a lot of luck, and maybe you'll find a good en. To put it in to context, I have over 2100 wallets (separate coins) over the last 2 years, and most are dead, some have been incredibly valuable (1 offs only) and some just kick in a small amount each day....also, work smart, not hard...I replaced 6 x 750ti the other day with 1 moonlander2, makes no more money, but about 1/10th the power cost....as I type i', mining 3 coins on 1 rig (4core cpu / 2x1030gt gpu)
As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement...but that's life...

What i really need, is someone who can give me access to an AMD EPYC or Threadripper 2990W with windows on, for a week...that could be interesting...failing that, time to learn all about FPGAs, i think they're the future for all miners...
J
oh yeah, erm UK, and 18p kw/h, so you >10cent guys have NO excuses... Smiley




Not like I'm some super important popular dude but I get PMs about shitcoins daily

I don't like your comment

"As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement..."

you messaged me in standard look at this coin I've been stockpiling for awhile - you should check it out now fashion.

If your interests were genuine you wouldn't be throwing a dig @ me, your message also lost credibility when it you messaged the same thing copy and paste the second time.



Huh
sr. member
Activity: 1248
Merit: 297
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).

Hi there.
Been there, done that.
Problem with BTCC is that its full of desperate sheep, so every sniff of any profit, and bang 1000 people start mining it, and if that's BTC or ETH, etc, then that's ok, but I mine coins where in entire nethash is 10mhs on scrypt (just an example) and there are probably only 10-20 of us worldwide mining it, so guess what, it leaks, the idiots take over, the diff goes up 10,000 fold, the price drops to 0.00000001 / doge or worse, then they all go to the next "best thing", leaving the coins screwed...so, like I have said several times in various threads, take your time, do loads of research, hope for a lot of luck, and maybe you'll find a good en. To put it in to context, I have over 2100 wallets (separate coins) over the last 2 years, and most are dead, some have been incredibly valuable (1 offs only) and some just kick in a small amount each day....also, work smart, not hard...I replaced 6 x 750ti the other day with 1 moonlander2, makes no more money, but about 1/10th the power cost....as I type i', mining 3 coins on 1 rig (4core cpu / 2x1030gt gpu)
As for VOSK, was actually a little dig...he's clearly struggling to cover his costs, I PM'd him a possibility and not even an acknowledgement...but that's life...

What i really need, is someone who can give me access to an AMD EPYC or Threadripper 2990W with windows on, for a week...that could be interesting...failing that, time to learn all about FPGAs, i think they're the future for all miners...
J
oh yeah, erm UK, and 18p kw/h, so you >10cent guys have NO excuses... Smiley


full member
Activity: 406
Merit: 110
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J

Why not share this info with the community here instead of just Vosk?
Granted, i love the way Vosk does videos, but he is no supreme being.

If anything, i'd really be interested in talking to someone who is still earning from mining today (without owning a large mining farm with ultra cheap electricity).
sr. member
Activity: 1248
Merit: 297
Vosk
I sent you a PM on the 6th and again on the 11th.
If you want an idea of what you can do with those miners have a look at it.

There are loads of ways of potentially making money..
I'm making 0.001BTC a day from 1 Rig alone ! (66 watts total power - Cost of 0.000057 BTC)
In a short time when it halves, that will still be 0.0005 BTC for probably the next 90 days...

Give me a shout sometime.

BTW...Happy Birthday TAILS !
J
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin

power cost at 9 cents is about   $ 3.07    a  49 cent profit
power cost at 8 cents is about   $ 2.73    a  83 cent profit
power cost at 7 cents is about   $ 2.39    a  $1.17 profit
power cost at 6 cents is about   $ 2.04    a  $1.52 profit
power cost at 5 cents is about   $ 1.70    a  $1.86 profit
power cost at 4 cents is about   $ 1.36    a  $2.20 profit
power cost at 3 cents is about   $ 1.02    a  $2.54 profit


Same thing can be said about alt coins mining. Imagine those retail miners like me which only have access to power cost of about >10 cents. The coins earned from mining just barely cover the cost of electricity, let alone the cost of the mining rigs. Mining just doesn't make cents anymore unless you are industrial miner with access to really cheap electricity near the source, like what the China mining companies do.

2 years ago, the most common argument we heard about the main advantage of mining (a.k.a solving cryptographic quizes) is its more decentralized and can prevent 51% attack. Not sure if thats the case now. Mining seems like a power play of the few giants. I really wonder what will happen for mining in the future when only a few have the controlling resource (i.e. hash power) in the entire network.

It seems to me, staking (or variation of staking) is the way to move forward.

I do agree mining is becoming incredibly less decentralized as every month passes. Also as stated 51% attacks have not been stopped by PoW because too many projects piggy back on others Algo's / enablers like nicehash / just simply giant mining farms that may have malicious plans. It is a frustrating time to see PoW under assault on so many fronts.
newbie
Activity: 91
Merit: 0

power cost at 9 cents is about   $ 3.07    a  49 cent profit
power cost at 8 cents is about   $ 2.73    a  83 cent profit
power cost at 7 cents is about   $ 2.39    a  $1.17 profit
power cost at 6 cents is about   $ 2.04    a  $1.52 profit
power cost at 5 cents is about   $ 1.70    a  $1.86 profit
power cost at 4 cents is about   $ 1.36    a  $2.20 profit
power cost at 3 cents is about   $ 1.02    a  $2.54 profit


Same thing can be said about alt coins mining. Imagine those retail miners like me which only have access to power cost of about >10 cents. The coins earned from mining just barely cover the cost of electricity, let alone the cost of the mining rigs. Mining just doesn't make cents anymore unless you are industrial miner with access to really cheap electricity near the source, like what the China mining companies do.

2 years ago, the most common argument we heard about the main advantage of mining (a.k.a solving cryptographic quizes) is its more decentralized and can prevent 51% attack. Not sure if thats the case now. Mining seems like a power play of the few giants. I really wonder what will happen for mining in the future when only a few have the controlling resource (i.e. hash power) in the entire network.

It seems to me, staking (or variation of staking) is the way to move forward.
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
what do you do with ASIC if it noth worth to mine.

it can sell like vga card sell to gamer

what do you want to dothrow it away or keep it until btc price up?
What about to get shit out as soon as possible (I mean sell asic miner ASAP), move on mining of something that is the most profitable and may be in next six months too, just mine most profitable coin and exchange it in something that you think will rise in future. I have no idea why these people mine unprofitable coin with hope of future rise while they can mine profitable coin and buy more desirable coin than they can mine.
You're correct other than those wishing to support a specific network OR avoiding additional taxable events OR simply lazy Cheesy

Same goes for those mining @ a loss why not take that electric bill and just buy the coin(s)
hero member
Activity: 2254
Merit: 870
what do you do with ASIC if it noth worth to mine.

it can sell like vga card sell to gamer

what do you want to dothrow it away or keep it until btc price up?
What about to get shit out as soon as possible (I mean sell asic miner ASAP), move on mining of something that is the most profitable and may be in next six months too, just mine most profitable coin and exchange it in something that you think will rise in future. I have no idea why these people mine unprofitable coin with hope of future rise while they can mine profitable coin and buy more desirable coin than they can mine.
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Why does no one talk about the rate of ADOPTION...as in the actual USE OF BTC as a currency...
Well because it is a JOKE..total failure.
The rate of adoption is pathetic BECAUSE no one will buy or use it while it is so vulnerable to exchange speculators and MEGA FARMS who enjoy the cheap production and monopoly over it.
mega farms of cheap electricity have indeed KILLED BTC mining....and destroyed any chance of wide spread adoption.
Equally guilty are the parasitic exchanges and whale speculators.

I will NEVER pay for BTC or use it or accept it.
I'll mine the shit out of my tiny farm and sell most IMMEDIATELY and never upgrade or reinvest in gear again.

BTC died LONG AGO...People just don't understand that they are just profiting off it's funeral.
It NEVER had a chance...the rich banking power elite was NEVER going to tolerate loosing it's grasp on the power to CREATE MONEY.
They got caught napping but greed ensured BTC would be delivered right into their arms. And here we are.
Bitcoin core is OWNED by AXA insurance of Zurich...the chairman is a Bilderberg

Bro you need to get real. Did you think the future was we all gonna GPU mine with gaming cards making $15 dollar a day per  card and and all gonna drive off to the sunset in lambos.

Btc is so high in value and growth potential, it's foolish to use for daily currency. Only meant for big purchase. Your better bet is to use bitcoin cash for everyday currency, since the future is not as secured as Bitcoin best to use bitcoin cash

Anyways you sound like your a fiat hodler and I hope you Enjoy those gains.

Sounds like he just simply hates crypto lol, I'd like to see some citations personally Cheesy

One doesn’t just simple hate crypto.  It’s takes time and lots of understanding.  Once you get a grip and realize where this will eventually lead(hands of the few) then it makes it no better than current system.  Except one big exception. Other countries will know exactly the point in which a country decides to inflate its currency.  No more hiding it.  Everyone then has a choice whether or not they want to hold their countries crap coin or swap to something else. Wait a minute no normal everyday citizen is gonna deal with this kinda crap. Checking markets everyday lol. See if you have a shirt to put on your back before you head out the door.  I tell you what the worse kind of person in this space is the one that only sees roses.  I guess one would expect that on btc talk forum but healthy skeptical is needed else.....just not enough skeptics in the world(as some like to put it tin foil hat wearers or conspiracy theorists). Whichever flavor you like to spin it. Guess what that’s all of us.  We wouldn’t be here if we thought the current system had a future.  Sadly I’m starting to see a grim future for this as well. We need another way to trade for ASICS.  Person has to do actual physical labor to get an asic.  That would stop the Uber rich from buying them all up as they would actually have to labor for one.  Hmmm maybe good ole fashion hard work is btc Achilles heal. 

BR

While crypto is not perfect, it is certainly a better alternative than what we currently have
legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
Why does no one talk about the rate of ADOPTION...as in the actual USE OF BTC as a currency...
Well because it is a JOKE..total failure.
The rate of adoption is pathetic BECAUSE no one will buy or use it while it is so vulnerable to exchange speculators and MEGA FARMS who enjoy the cheap production and monopoly over it.
mega farms of cheap electricity have indeed KILLED BTC mining....and destroyed any chance of wide spread adoption.
Equally guilty are the parasitic exchanges and whale speculators.

I will NEVER pay for BTC or use it or accept it.
I'll mine the shit out of my tiny farm and sell most IMMEDIATELY and never upgrade or reinvest in gear again.

BTC died LONG AGO...People just don't understand that they are just profiting off it's funeral.
It NEVER had a chance...the rich banking power elite was NEVER going to tolerate loosing it's grasp on the power to CREATE MONEY.
They got caught napping but greed ensured BTC would be delivered right into their arms. And here we are.
Bitcoin core is OWNED by AXA insurance of Zurich...the chairman is a Bilderberg

Bro you need to get real. Did you think the future was we all gonna GPU mine with gaming cards making $15 dollar a day per  card and and all gonna drive off to the sunset in lambos.

Btc is so high in value and growth potential, it's foolish to use for daily currency. Only meant for big purchase. Your better bet is to use bitcoin cash for everyday currency, since the future is not as secured as Bitcoin best to use bitcoin cash

Anyways you sound like your a fiat hodler and I hope you Enjoy those gains.

Sounds like he just simply hates crypto lol, I'd like to see some citations personally Cheesy

One doesn’t just simple hate crypto.  It’s takes time and lots of understanding.  Once you get a grip and realize where this will eventually lead(hands of the few) then it makes it no better than current system.  Except one big exception. Other countries will know exactly the point in which a country decides to inflate its currency.  No more hiding it.  Everyone then has a choice whether or not they want to hold their countries crap coin or swap to something else. Wait a minute no normal everyday citizen is gonna deal with this kinda crap. Checking markets everyday lol. See if you have a shirt to put on your back before you head out the door.  I tell you what the worse kind of person in this space is the one that only sees roses.  I guess one would expect that on btc talk forum but healthy skeptical is needed else.....just not enough skeptics in the world(as some like to put it tin foil hat wearers or conspiracy theorists). Whichever flavor you like to spin it. Guess what that’s all of us.  We wouldn’t be here if we thought the current system had a future.  Sadly I’m starting to see a grim future for this as well. We need another way to trade for ASICS.  Person has to do actual physical labor to get an asic.  That would stop the Uber rich from buying them all up as they would actually have to labor for one.  Hmmm maybe good ole fashion hard work is btc Achilles heal. 

BR
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
As we head into the last quarter of 2018 some dynamics:
1) All that pent up video card demand will eat up lots of those 1070/1080s that were used "temporarily" for ETH - I don't see these cards hitting rock bottom too quickly
2) Those poor 1060 3GB cards - man those are soon trash other than for mid level gamers (unless you're mining in Win 7). Hopefully nVidia tries to rip us a new one on RTX equivalent. I've populated as many game rigs as I could with 1060s - need to get rid of the last few stragglers. Even 144Hz monitors can't help support the price because anybody guying GSYNC is going to get at least a 1070.
3) This season the 144Hz craze (you can see it from all the posts in Reddit BAPC) will help eat up some of those RX580s. Vegas still have a home in Monero. If you haven't dumped your RX470/480s yet you've got some insane power rates.
4) RAM and SSD prices are dropping so people will build rigs for 4K systems. Console 4k is meh. Looking at the RTX pricing nVidia is not enticing people to buy new cards.
Plan you farm decommission appropriately. I made money as the market went up, and sold my gear at top prices - I'm still HODLing to pick up the coins. ETH dumping velocity from ICO addresses is still relevant.

here is a small rig 2 vegas and a threadripper

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53VbtjeProfitability


0.0004 BTC/day
2.92 USD/day
Efficiency
100.00%


note 2.92 usd  and gear burns 550 watts  which is 13.2 k-watts  I don't push it  it is pretty quiet.   13.2 kwatts at 10 cents is 1.32 a day  which means 1.60 profit a day  x 365 = 584  paid back each year and  gear has 3 years of warranties.  

also for 6 months of the year it is free heating.   Now does it mean I will have 70 gpus this winter  no I will be under 20.

So last year OCT NOV DEC  and JAN   2018 were  wonderful.     This year not so much.


Agreed Vegas have done quite well mostly because fluffy gives a rats ass unlike most of the other self serving devs bought off by ASIC money.

This is another example of why it's good to diversify your cards if you're building a farm. Jumping all in on 1080s for Equihash or RX 470s for ETH may seem good at the time but you're not able to ride out long dips like this.

yeah I sold off most of my cards and it's a lot easier to manage 20 cards instead of 500. I remember back when BTC was 13TH/s - I was a meaningful part of the network lol.

Good advice, my majority Nvidia farm -- was setting me up to get burned BIG TIME when the onslaught of ASICs in 2018 happened. .
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
what do you do with ASIC if it noth worth to mine.

it can sell like vga card sell to gamer

what do you want to dothrow it away or keep it until btc price up?

Stick it on eBay as an auction. One man's trash is another man's treasure  Wink

hey precisely. . someone gets it! lol
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