Miners DUMPING their ASICs - page 2.

Bit_Happy

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Activity: 2114

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A Great Time to Start Something!

Quote from: TwinWinNerD on April 09, 2014, 11:16:43 PM

Quote from: Bit_Happy on April 09, 2014, 02:57:22 PM

Quote from: ChuckBuck on April 09, 2014, 02:55:20 PM

Quote from: Bit_Happy on April 09, 2014, 02:48:29 PM

Miners DUMPING their ASICs
I would like to see photos of miners dumping/throwing their ASICs out a window.
Do you have any?

I'm going to start scouring the landfills for old KNC Saturns and Jupiters! Tongue

Dumpster diving for pizzas and ASICs.......?
High-tech bums are getting rich while you sit and work all day. Tongue

Now I have a picture of a bum burning waste to heat a steam engine that powers hundreds of asic miners in my head....

thanks

Very creative idea.
Too much carbon from the burning waste, but still interesting.

TwinWinNerD

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Activity: 1680

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CEO Bitpanda.com

Quote from: Bit_Happy on April 09, 2014, 02:57:22 PM

Quote from: ChuckBuck on April 09, 2014, 02:55:20 PM

Quote from: Bit_Happy on April 09, 2014, 02:48:29 PM

Miners DUMPING their ASICs
I would like to see photos of miners dumping/throwing their ASICs out a window.
Do you have any?

I'm going to start scouring the landfills for old KNC Saturns and Jupiters! Tongue

Dumpster diving for pizzas and ASICs.......?
High-tech bums are getting rich while you sit and work all day. Tongue

Now I have a picture of a bum burning waste to heat a steam engine that powers hundreds of asic miners in my head....

thanks

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: ChuckBuck on April 09, 2014, 02:55:20 PM

Quote from: Bit_Happy on April 09, 2014, 02:48:29 PM

Miners DUMPING their ASICs
I would like to see photos of miners dumping/throwing their ASICs out a window.
Do you have any?

I'm going to start scouring the landfills for old KNC Saturns and Jupiters! Tongue

Dumpster diving for pizzas and ASICs.......?
High-tech bums are getting rich while you sit and work all day. Tongue

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: Bit_Happy on April 09, 2014, 02:48:29 PM

Miners DUMPING their ASICs
I would like to see photos of miners dumping/throwing their ASICs out a window.
Do you have any?

I'm going to start scouring the landfills for old KNC Saturns and Jupiters! Tongue

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Miners DUMPING their ASICs
I would like to see photos of miners dumping/throwing their ASICs out a window.
Do you have any?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: igorr on April 09, 2014, 07:49:52 AM

Bitcoin can not jump without MtGox !

You are spreading nonsense.

dani

hero member

Activity: 525

Merit: 500

..yeah

Quote from: igorr on April 09, 2014, 07:49:52 AM

Bitcoin can not jump without MtGox !

igorr

sr. member

Activity: 406

Merit: 250

Bitcoin can not jump without MtGox !

tatepastor

newbie

Activity: 6

Merit: 0

for all of you that are scared of bitcoin ending your wrong! the us debt will be a 18 tr by the end of the year. we have dug ourselves in a hole we can never get out of. The people will turn to something to keep trade going. I believe it will be the crypto universe. hold out for a bit longer. The us dollar is a pile of shit. The Chinese see and the Russian also see it. Don't give up!

cloverme

legendary

Activity: 1512

Merit: 1057

SpacePirate.io

Miners are just trading in their equipment for newer equipment. I've got some 30ghs cubes that I'll be selling soon as well.

sssubito

newbie

Activity: 35

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I know why the pole's ice will be melting away...

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: ChuckBuck on April 08, 2014, 03:24:41 PM

Quote from: igorr on April 08, 2014, 11:47:24 AM

I warned at time:
https://bitcointalksearch.org/topic/bicoin-biggest-scam-in-the-early-history-400001

What's bicoin? Is that a new sexually ambiguous Alt coin? Tongue

bicoin?
Finally a coin that knows how to handle almost any situation? Huh

Perhaps he ment bipolar coin.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: igorr on April 08, 2014, 11:47:24 AM

I warned at time:
https://bitcointalksearch.org/topic/bicoin-biggest-scam-in-the-early-history-400001

What's bicoin? Is that a new sexually ambiguous Alt coin? Tongue

porcupine87

hero member

Activity: 546

Merit: 500

hm

I wonder when the growth of the hashrate starts to relax. This is amazing. For one year and more we get a growth of about 20% per week (or even more. per difficulty adjustment). Sure, the price of mining hardware just decreased by a few factors in just a year and the price is much higher. But this is just great! ASICs is the best thing that could happen to Bitcoin!

Fact is: You can use ASCIs only for Bitcoin mining and the cost of running them is small compared to the buying price. So if the hardware is out there, a decrease in difficulty is improbable. Non-Asic-Coins don't have that advantage.

Quote from: herebittybittybitty on April 06, 2014, 08:02:03 PM

Why would less mining result in lower bitcoin prices? Huh

The network would become less secure. But I really don't think that it would matter significantly. Even 1/10 of the current hashrate could be considered as secure.

igorr

sr. member

Activity: 406

Merit: 250

I warned at time:
https://bitcointalksearch.org/topic/bicoin-biggest-scam-in-the-early-history-400001

BoogieMan82

newbie

Activity: 42

Merit: 0

Quote from: Newmine on April 07, 2014, 04:52:01 PM

Quote from: johnyj on April 07, 2014, 07:43:50 AM

They will become heaters in Nordic country

I had 3 Block Erupter Cubes running through February and March and they kept my large living room at about 72 degrees consistently. My heater never kicked on.

I bought the three off Ebay for $1040.00. I sold them for $795. I made .24BTC. I paid ebay 10% of the $795.
-1040+795-79+(.24*450current BTC= -216.00

Not Profitable at current BTC price!

BTC was around $800 I think. If I bought 1.25BTC for $1000, I would be underwater $440.

Less Profitable at current BTC price!

It's a gamble either way

But with heating costs so high this winter ($200+/mo)... maybe you DID make a profit

dani

hero member

Activity: 525

Merit: 500

..yeah

Quote from: cosmofly on April 07, 2014, 05:26:25 PM

Miners are dumping their asics on daily basis the number of asics on sale is significantly on the rise.

Bitcoin mining is collapsing . there will only be few data centers left it will be so centralized might as well rename bitcoin to Bitripple in the near future.

Sure.

paulsonnumismatics

sr. member

Activity: 265

Merit: 250

Honni Soit Qui Mal i Pense

Quote from: herebittybittybitty on April 06, 2014, 08:02:03 PM

Why would less mining result in lower bitcoin prices? Huh

Both #7 and #8 wrong. They are selling 400 Gh/s units because theyre expecting delivery of 1,2 and 4 Thash ones.
That is not less mining. Is waaaay more mining.
And for all that power to be profitable, someone will be aware that at current prices its absurd to fork $5000 on some ASIC to mine 7 or 8 BTCs and resell it later for $999. He will just buy 12 BTCs and save on power, maintenance, et al.
At least, thats how i see it.

b¡tco¡n

member

Activity: 84

Merit: 10

Correct Horse Battery Staple

Quote from: master-P on April 06, 2014, 09:25:15 PM

Guys it's going to be game over soon. I just read an article explaining how bitcoin is going to reach negative values and bagholders are going to have to pay people to take bitcoins off their hands: http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.html

First people were dumping their ASICs and now this. Oh what shall we do? Shocked

On a more serious note, it's no surprise that next-gen mining hardware will make the previous generation obsolete. Some of those people buying these unprofitable ASICs probably don't pay for electricity, and may yet see an ROI.

I'll take your bitcoins off your hands for free. Just send them to the address in my sig, and I promise I wont send you a disposal bill.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: hodlmybtc on April 07, 2014, 07:14:25 PM

Quote

Mining just slows the creation of new bitcoin

Is that the most interesting miner in the World?
Let's ask him some questions. Tongue

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