Topic: lol so many newbs flooding the forum asking same questions (Read 3520 times)

Tell them it is very dangerous to disturb the black box and that they will need to tow the car to your house at NO CHARGE in order to deal with it.

They probably think the FBI is monitoring their operation    and if they are getting this paranoid some sketchy things might be going on there.

Last week we got a call from them again, begging us to come get the ASIC.  They had trashed everything but that and apparently they have gotten more and more paranoid and freaked out by this plain black box with the antenna that they have no idea what it is.  They begged to just come get it, no fees, just please remove this from our business, lol.

I remember the days of mining BTC with a video card about the time the S1 came a long and killed off that idea ... that was when i started ......... So i actually was able to mine some BTC with two or three video cards ...before ASIC miner did what :  seemed, like it killed off mining with Video cards and CPU ..... but no ..  So I"ll keep mining ,i get the feeling GPU will all ways be good to use for mining no matter how questionable at the time it seems they may not be .. you never really know for sure till it happens .

They called several times, increasing the fee each time and then gave up.  That was six months back, their last offer was $400 to retrieve our stuff, lol.

We need to clean the scam people everywhere. There are too many games being played, even Yobit wants nothing to do with this , and it is owned by the admins here. They are doing good job overall. 

Because we let them come here and ask. If we would direct them away from us, they might actually get good answers and not the games that people are on here to play

cryptocurrency training courses, or how about mandatory self-certification of crypto 101 course before beeing allowed to register on this forum

I agree with the Go big or go home part.
ROI calculations are often wrong as the landscape is ever changing. Noobs gonna learn it the hard way and most of them will call it quit.

Yeah, noobs, noobs everywhere. I was one too once, but I did my research and learned by reading as much as I could instead of posting the constant "Help" thread about building a rig and buying cards 

That said, I think mining still has some way to go. When I started I was barely making a few dollars a day. No alt was where they are today. There are over 800 cryptos out there and I'm pretty sure new ones will appear. Maybe a new ETH is on it's way, who knows. I switched to ETC about a month ago, foreseeing that all the ETH miners would switch over soon. Glad I did because over the last couple of days, mining 1 ETC got from about 4 to 7 hours for me.

Indeed, paying 580$ for an RX card is just plain retarded. I was looking at GTX 1060s today. I could buy some for around 300$. Say I take 8 of them, I'm looking at 2400$. They will hash roughly at 24 each. But the ROI time is waaaay too long for this to make any sense to me. I preordered a bunch of 570s a month ago for 200$, i'll just wait it out until they arrive. I think many newbs don't understand the concept ROI and how to invest in something. Buying super expensive just to get in when you have not a single fucking clue about how long this will all last is just so stupid. It's like going all in on trading without taking a look at the charts and just blindly buying a coin because it just reached an all time high.

We were so busy it took a week to get there and they now wanted $100 to release the stuff, we walked away and figure let them have the junk, ASIC included, it had paid for itself years back.

And that's kind of the point to this thread.  Everyone is so hung up on ROI (even though that's not the correct term) and they want it as fast as possible.  New miners don't realize it can take a while to navigate downturns in the market.

Everyone wants big money now, and they want shortcuts to get there.  You can't blame them, they aren't experienced enough yet to know why their best laid plans may take bit longer.

it's easy to say it now after you see the peak, but trading is far more dangerous than many think, it's not easy money, like with mining, you can also lose big with trading, not with mining, i never lost a penny with mining

Its relates. I have not finished yet.  

The vehicle had died near a Walmart and we parked it there until we could get to it.  We really considered towing and repairing it beyond the worth of the vehicle.  In it was a handful of worthless stuff and an ASIC.  It was an older unit, a 60 GHS unit that we never used anymore.  Just a plain black box with a WIFI antenna and a few ports.
 
The vehicle got towed while we were getting to dealing with it.  Calling the impound, they stated that many people could not afford or did not care to pick up theirs cars and the impound offered right away to waive any fees in exchange for keeping the dead vehicle.  We agreed and they said to come and pick up the personal items.

I'm not sure how that relates, but Ok. 

This brings to mind a funny story. Last year we were buying and new car and moving some things at the same time.  Basically, during the move, the heavy items put one of our older vehicles out of commission and we went out and quickly bought another used car

For this miner, financial sustainability al la Phil Ma and others above was important in order to demonstrate to the wife that this was not just another harebrained mancave money sink hole.

Everyone has to start somewhere and we were all newbs at one point... still it would be nice if more people would do a Google search or two and have at least a clue about cryptocurrencies in general before posting threads here.

If I had saved my Bitcoins from 2011-2012 I'd be allot better off then I am now, but I think that's the case for most of us.

Im not the only one who sold eth low most miners didnt expect ether to hit even $50 for a few years yet, just like
the ppl who mined a ton of btc or ltc early at low diff and sold low or  no pne can tell the future, if the money is not in your hands you never really had it.  Most of the large chunks of money I have made is from icos, and Dummy I was using the eth sold to pay my rather large ectricity bills and to invest in Icos and also upgrade my farm and power system etc.  Right now i still have over 9gh of eth hash in hardware which only 5ghz is online for the summer
you think im gloating but all Im doing is stating facts : if i had my entire farm online  i could buy 100 gpus a month
just from the proceeds and im sure there are alot of other pro  miners in way better shape than me which is why im saying new miners are in a losing situation if they ONLY  focus on building rigs, reading comprehension pls

I think the people who are going to get burnt the most is not the newbies who are buying GPUs here with their credit cards but it will be the people investing their savings into ETH and ETH Token ICOs.

Those ICOs can easily turn into huge scams and result in a loss of 99%. Buying computer equipment is much safer in that regard and most will ROI before the bubble bursts anyways.

I'll rant if you want one.

This forum is full of bad generalizations about noobs not doing research and building rigs on debt.

I did a ton of research and built a rig with cash I can afford to lose.

Marvell1 in your first post you sound like a bloke trying to convince everyone he's doing great when the real story is you f'd up and sold $3.8m worth of ETH to pay a months rent.

I'm not selling a single thing I mine unless it's totally life changing, because I don't need to hit ROI, I don't need passive income.

It's a long-odds wager on a jackpot and anything short of that is simply not why I'm here.

Noob out.