Topic: I Am Unplugging My Bitcoin Cash Miners & You Should Too | ASIC Mining Is Dying (Read 2666 times)

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.....

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.

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

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.

You get butthurt pretty fast Vosk.

I have noticed that.

 

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.

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

appreciate the support my friend & yeah I'm just one of everyone else!

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.

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...

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).

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

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.

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.

You're correct other than those wishing to support a specific network OR avoiding additional taxable events OR simply lazy

Same goes for those mining @ a loss why not take that electric bill and just buy the coin(s)

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.

While crypto is not perfect, it is certainly a better alternative than what we currently have

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

Good advice, my majority Nvidia farm -- was setting me up to get burned BIG TIME when the onslaught of ASICs in 2018 happened. .

hey precisely. . someone gets it! lol