Is mining dead ? | Bitcointalksearch.org

VirosaGITS

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Quote from: GermanFoobla on November 07, 2015, 09:05:57 PM

Quote from: HarryKPeters on November 07, 2015, 02:29:01 PM

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalksearch.org/topic/m.12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

Well said, there are to many factors you can't predict

I think people just don't know what they are talking about. For example that post. Sure the S7, at least at 230$BTC price was ridiculously overpriced, and now its a bit disappointing that the last batch has less hashrate but the same price, but think about it;

If a current gen overpriced unit can ROI in 4 months. How fast you think you would ROI if you purchase the right hardware for you? A S5 can have twice the GH/$, in the post's case, this would be time to ROI in half, which seem pretty safe.

The S7's first batch were indeed icky because many people would not ROI before the halving, but not, it is not the case. As such mining is amazing now, at least for people that got hardware before it became so expensive Wink

GermanFoobla

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Quote from: HarryKPeters on November 07, 2015, 02:29:01 PM

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalksearch.org/topic/m.12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

Well said, there are to many factors you can't predict

notlist3d

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Quote from: knowhow on November 07, 2015, 02:52:19 PM

Quote from: HarryKPeters on November 07, 2015, 02:29:01 PM

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalksearch.org/topic/m.12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

You say unprofitable for who?The cloud companys makes some payments at begining then they raise their fee and well your income will stop,mining at home being solo or at some pool with cheap electricity keep being profitable for some.

People like to say how hard it is on mining. But recently we got a big jump in value. It's actually lot's easier then it was.

Difficulty will continue to rise, nothing we can do about that. But the push in value seems to be holding at 380+ which is pretty good considering how quick it happened.

knowhow

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Quote from: HarryKPeters on November 07, 2015, 02:29:01 PM

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalksearch.org/topic/m.12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

You say unprofitable for who?The cloud companys makes some payments at begining then they raise their fee and well your income will stop,mining at home being solo or at some pool with cheap electricity keep being profitable for some.

HarryKPeters

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Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalksearch.org/topic/m.12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

knowhow

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Well the miners can mine unlimited bitcoin,converting them into fiat will restrict your ammount of bitcoins,and with the current value maybe there is a way to earn something with it,but well the electricity price will affect your income,usually people who mine has something like 0.02dollars as fee....

VirosaGITS

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Quote from: notlist3d on November 05, 2015, 09:00:41 PM

Quote from: VirosaGITS on November 05, 2015, 08:54:39 PM

Quote from: notlist3d on November 05, 2015, 05:22:53 PM

Quote from: Don007 on November 03, 2015, 10:44:39 AM

Quote from: notlist3d on November 03, 2015, 08:46:44 AM

Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

As long as the energy is cheap (or even free somethimes), it is even profitable to keep those miners running. Especially now the value of the BTC is increasing and increasing.

Remind that mining with A1's for some people might not seem to be profitable nowadays (due to electricity costs), but if the value of BTC keeps increasing, it might turn out that mining nowadays was profitable though. (Yes, they could also spent the money directly on BTC instead of electricity in this case).

The thing is mining equipment loses value so darn quick I don't like sitting on equipment Im at a loss. I sold all my A1's and bought more efficient gear.

It is possible more people are profitable now. As a general rule thought I would not unplug a miner and just let it sit there. I would sell it.

It would be best to mine with it at a lost and hold, then sell when BTC is at an acceptable price for profit. A bit rough if you need to cash out BTC to cover the month's budget but if not this work well, assuming you're not mining at a lost simply because your electricity rate is too crazy.

If that is the case then, definitively sell, dont sit on hardware.

Depends on how much you are losing. If you have a large electricity bill mining at a loss is not really the best thing. Counting on it being worth more in the future is not really safest bet.

I would sell and get more efficient gear. I like running at a profit. Keeping gear your losing money mining is not good long term.

If you're not really earning(by a small margin) because BTC is at 220$ then you would still profit fully if you profit well at 300$.

If you're losing significantly, this probably mean your electricity costs are too high and you should look into better setups. You could break even S1's on miner hosting, when the price was in the 200s, if you never sold until 300-400 then you would be pretty far ahead.

But i think selling the miners like you said and buying BTC would be a better choice since it is safer and you will profit with it under the same condition as running miners at a loss.

notlist3d

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Quote from: VirosaGITS on November 05, 2015, 08:54:39 PM

Quote from: notlist3d on November 05, 2015, 05:22:53 PM

Quote from: Don007 on November 03, 2015, 10:44:39 AM

Quote from: notlist3d on November 03, 2015, 08:46:44 AM

Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

As long as the energy is cheap (or even free somethimes), it is even profitable to keep those miners running. Especially now the value of the BTC is increasing and increasing.

Remind that mining with A1's for some people might not seem to be profitable nowadays (due to electricity costs), but if the value of BTC keeps increasing, it might turn out that mining nowadays was profitable though. (Yes, they could also spent the money directly on BTC instead of electricity in this case).

The thing is mining equipment loses value so darn quick I don't like sitting on equipment Im at a loss. I sold all my A1's and bought more efficient gear.

It is possible more people are profitable now. As a general rule thought I would not unplug a miner and just let it sit there. I would sell it.

It would be best to mine with it at a lost and hold, then sell when BTC is at an acceptable price for profit. A bit rough if you need to cash out BTC to cover the month's budget but if not this work well, assuming you're not mining at a lost simply because your electricity rate is too crazy.

If that is the case then, definitively sell, dont sit on hardware.

Depends on how much you are losing. If you have a large electricity bill mining at a loss is not really the best thing. Counting on it being worth more in the future is not really safest bet.

I would sell and get more efficient gear. I like running at a profit. Keeping gear your losing money mining is not good long term.

VirosaGITS

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Quote from: notlist3d on November 05, 2015, 05:22:53 PM

Quote from: Don007 on November 03, 2015, 10:44:39 AM

Quote from: notlist3d on November 03, 2015, 08:46:44 AM

Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

As long as the energy is cheap (or even free somethimes), it is even profitable to keep those miners running. Especially now the value of the BTC is increasing and increasing.

Remind that mining with A1's for some people might not seem to be profitable nowadays (due to electricity costs), but if the value of BTC keeps increasing, it might turn out that mining nowadays was profitable though. (Yes, they could also spent the money directly on BTC instead of electricity in this case).

The thing is mining equipment loses value so darn quick I don't like sitting on equipment Im at a loss. I sold all my A1's and bought more efficient gear.

It is possible more people are profitable now. As a general rule thought I would not unplug a miner and just let it sit there. I would sell it.

It would be best to mine with it at a lost and hold, then sell when BTC is at an acceptable price for profit. A bit rough if you need to cash out BTC to cover the month's budget but if not this work well, assuming you're not mining at a lost simply because your electricity rate is too crazy.

If that is the case then, definitively sell, dont sit on hardware.

notlist3d

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Quote from: Don007 on November 03, 2015, 10:44:39 AM

Quote from: notlist3d on November 03, 2015, 08:46:44 AM

Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

As long as the energy is cheap (or even free somethimes), it is even profitable to keep those miners running. Especially now the value of the BTC is increasing and increasing.

Remind that mining with A1's for some people might not seem to be profitable nowadays (due to electricity costs), but if the value of BTC keeps increasing, it might turn out that mining nowadays was profitable though. (Yes, they could also spent the money directly on BTC instead of electricity in this case).

The thing is mining equipment loses value so darn quick I don't like sitting on equipment Im at a loss. I sold all my A1's and bought more efficient gear.

It is possible more people are profitable now. As a general rule thought I would not unplug a miner and just let it sit there. I would sell it.

knowhow

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Well there is and will be always someone supporting the bitcoin,the first adopters sure the most of them roi and keep their farmers active and some had made their mine projects and keep mining,even more now that bitcoin achieved the 400 dollars value.

Don007

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Quote from: notlist3d on November 03, 2015, 08:46:44 AM

Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

As long as the energy is cheap (or even free somethimes), it is even profitable to keep those miners running. Especially now the value of the BTC is increasing and increasing.

Remind that mining with A1's for some people might not seem to be profitable nowadays (due to electricity costs), but if the value of BTC keeps increasing, it might turn out that mining nowadays was profitable though. (Yes, they could also spent the money directly on BTC instead of electricity in this case).

notlist3d

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Quote from: YuginKadoya on November 03, 2015, 08:26:04 AM

Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

This increase no doubt kept the A1's mining. With cheap electricity gear stay's on the network a long time. And in china I think there are sizable amounts of A1's still mining away in some data centers.

Having it's hard to say what will happen. I'm just happy for how its doing now

YuginKadoya

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Quote from: notlist3d on November 01, 2015, 01:14:15 AM

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Yes! I think A1's now has a purpose to play in mining and I think bitcoin will still increase up to Nov. 5 I wish, hehe it is good to mine this time stock more and more bitcoin in the coming halving and wish it will increase Grin

notlist3d

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Quote from: Tmdz on November 01, 2015, 12:49:48 AM

The only way we will loose a lot of hash will be if price takes a dump or if price remains steady halving comes and everyone is on a thin margin resulting in lost profit and hash will reduce. I don't see alot of lost hash anytime in the future only more and prices are there to support it for it. Difficulty will catch up and bring things back to the old levels, keeping things balanced. A likely possibility is that prices could soar pass what hash can currently do, in that case we win big until halving makes us normal again.

The biggest threat is how thin of a profit will everyone will mine at and if you can continue to mine at that level. Look at when prices were low a little bit ago and some of the cloud miners had to stop. If you could mine at home and make a gain even if it was very small then it is likely you can withstand market conditions. I also feel as this is a good time to get started in mining as decent gains can be made on last gen hardware that can be sold later for new hardware when those margins become too thin for your resources or you have enough btc stocked up to help future proof and make better gains.

At some point gear is obsolete though. Look at like BFL minrig... that thing even "free" I would be surprised if many are still running. One day A1's have to hit a obsolete point even at cheap electricity.

So far I think there are a ton in china running at cheap electricity. But the recent price raise for sure put more life into A1's.

Tmdz

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The only way we will loose a lot of hash will be if price takes a dump or if price remains steady halving comes and everyone is on a thin margin resulting in lost profit and hash will reduce. I don't see alot of lost hash anytime in the future only more and prices are there to support it for it. Difficulty will catch up and bring things back to the old levels, keeping things balanced. A likely possibility is that prices could soar pass what hash can currently do, in that case we win big until halving makes us normal again.

The biggest threat is how thin of a profit will everyone will mine at and if you can continue to mine at that level. Look at when prices were low a little bit ago and some of the cloud miners had to stop. If you could mine at home and make a gain even if it was very small then it is likely you can withstand market conditions. I also feel as this is a good time to get started in mining as decent gains can be made on last gen hardware that can be sold later for new hardware when those margins become too thin for your resources or you have enough btc stocked up to help future proof and make better gains.

notlist3d

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Quote from: Mickeyb on October 31, 2015, 09:51:18 AM

Quote from: CoinSkipper on October 31, 2015, 08:20:04 AM

Quote from: Clint on June 06, 2015, 03:12:38 PM

Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?

The mining game's pretty bad currently.

But I think bitcoin mining will die even more when the halving comes. The coinbase is halved? Jesus, miners will leave in droves!

Some will leave, but we can do without them. Currently we have enormous amount of the hashrate and to be honest, we don't need this much. So even if we lose let's say 30%, not a big deal.

Then again, look at the price. If we get to $500 before the halving and halving happens, it's like nothing has happened really. And looking at today's price, $500 is more than possible.

We will never lose 30 percent of hashrate. Espically if price keeps going up this jump was huge on making miners profitable that were marginal.

One day we will lose a bunch of A1's .... but I suspect a lot of them will be replaced with newer gear as I think they are in China datacenters on a lot of them. But time will tell.

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Quote from: CoinSkipper on October 31, 2015, 08:20:04 AM

Quote from: Clint on June 06, 2015, 03:12:38 PM

Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?

The mining game's pretty bad currently.

But I think bitcoin mining will die even more when the halving comes. The coinbase is halved? Jesus, miners will leave in droves!

Some will leave, but we can do without them. Currently we have enormous amount of the hashrate and to be honest, we don't need this much. So even if we lose let's say 30%, not a big deal.

Then again, look at the price. If we get to $500 before the halving and halving happens, it's like nothing has happened really. And looking at today's price, $500 is more than possible.

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Quote from: CoinSkipper on October 31, 2015, 08:20:04 AM

Quote from: Clint on June 06, 2015, 03:12:38 PM

Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?

The mining game's pretty bad currently.

But I think bitcoin mining will die even more when the halving comes. The coinbase is halved? Jesus, miners will leave in droves!

ok...but when halving they are less bitcoins created and this can help that the bitcoin price grows or falls down less...

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Quote from: Clint on June 06, 2015, 03:12:38 PM

Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?

The mining game's pretty bad currently.

But I think bitcoin mining will die even more when the halving comes. The coinbase is halved? Jesus, miners will leave in droves!

Topic: Is mining dead ? (Read 12911 times)