Mining Pointless? ? ? I think not? (titol edit)

lightfoot

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I fix broken miners. And make holes in teeth :-)

Quote from: thew3apon on July 21, 2014, 05:00:58 AM

s1 is pulling too much energy per GH. You are better off selling them and buying s3.

I didn't buy them, thought they reminded me too much of block erupters. However if they are < 2w/gh they might still be worth something.

S3 is another bad choice. Actually every miner is a bad choice.

DjPxH

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Well, there is an exchange rate for Bitcoin/Altcoins which is effectively bound to the price of Bitcoins/Altcoins in USD so it wouldn't make that much sense in exchanging your BTC for Altcoins... Plus, you'll most likely lose even more due to trading the coins on an exchange.

thew3apon

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Quote from: lightfoot on July 19, 2014, 09:59:40 PM

You know...

I could see some chick tattooing that on the back of her neck.

On topic: An Antminer S1 pulls how much power to mine? I just did the math today, and once I get some of my singles to around 2w/GH, I should be back in the game.

C

s1 is pulling too much energy per GH. You are better off selling them and buying s3.

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

You know...

I could see some chick tattooing that on the back of her neck.

On topic: An Antminer S1 pulls how much power to mine? I just did the math today, and once I get some of my singles to around 2w/GH, I should be back in the game.

C

psahx

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Quote from: ipoomyself on July 19, 2014, 08:50:56 PM

暨在我的裤子

Get some psychiatric help.

https://translate.google.com/#auto/en/%E6%9A%A8%E5%9C%A8%E6%88%91%E7%9A%84%E8%A3%A4%E5%AD%90

ipoomyself

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暨在我的裤子

Soros Shorts

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Must be some new speech-to-text app that keeps the accent.

psahx

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Quote from: ipoomyself on July 19, 2014, 05:11:25 PM

eny1 eny engerish 27 years

This is an effin' joke, right? Who came up with your nickname? Do you know the meaning of it?

If in any case, you mean to learn English, stop watching porn. Watch some English cartoons instead.

ipoomyself

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eny1 eny engerish 27 years

RobertDJ

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Quote from: klondike_bar on July 19, 2014, 01:40:34 PM

Quote from: ipoomyself on July 19, 2014, 12:50:15 PM

I just realised something I can use my dusty S1s to continue mining bitcoins then convert them to lite/doge so basically ith eth a doge/lite miner all im doing is converting bitcoins to alt instead of buying scypt miners which i wouldnt do now anyway

i never fought of that before.....

but before i set them up i need to use the leaf blower and see how much dust will cum off those things im excpted a storm ahead.

so you are mining bitcoins and exchanging them for other crypto-currencies? Not sure how this relates to the title of your thread

It would actually make more sense to mine alt coins and convert them into bitcoin.

I am pretty sure that S1s are no longer profitable in most places in the country (based on average electric costs).

klondike_bar

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ASIC Wannabe

Quote from: ipoomyself on July 19, 2014, 03:07:45 PM

becauoucse altcoins might incase in value in years to cum and with 400gh i can get 1 litecoin a day the litecoin difficulty is very slow so i can get into the hundreads of litecon when bitcoin goes up litecon might be around $50 per coin in addition i hath 2 million doge at this point in time im not sure maybe half litecon/doge

i hath 30 bitcoins now is that good? i hath blown most of my money but since i dont need to pay bills its all good now...

ideally i wold like to have had 50btc at this point in time wisa couda shouda based on the curreont price.

altcoins wont necessarily go up when bitcoin does, they got where they are now largely as hedge bets or pump and dumps.

as for doge - dump it now before it is worthless. The mining reward halves many times faster than any other scrypt coin (particularly LTC) and once mining LTC or another scrypt coin vecomes more profitable than dogecoin, the network hashrate will rapidly windle and expose the entire blockchain to 51% attack by a malicious scrypt pool or farm, rendering the currency worthless and making LTC the only valuable scrypt coin, as BTC has done to sha256. Doge will not hold any value beyond 2014

BurtW

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All paid signature campaigns should be banned.

I really respect people who try to learn how to write in second or third languages.

I only know English and wouldn't even attempt to write a post in another language as I would be too embarassed by the results.

How long have you been working on your English skills?

ipoomyself

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becauoucse altcoins might incase in value in years to cum and with 400gh i can get 1 litecoin a day the litecoin difficulty is very slow so i can get into the hundreads of litecon when bitcoin goes up litecon might be around $50 per coin in addition i hath 2 million doge at this point in time im not sure maybe half litecon/doge

i hath 30 bitcoins now is that good? i hath blown most of my money but since i dont need to pay bills its all good now...

ideally i wold like to have had 50btc at this point in time wisa couda shouda based on the curreont price.

KimNam

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i think you need to edit your tittle Grin

for S1, yes it's not profitable anymore, but it's not pointless, since you still can generate few amount of BTC.
why the hell you exchange it to altcoin Huh

that altcoins are worthless if you don't swap it to BTC
anyway, what are ith and eth ?

BurtW

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All paid signature campaigns should be banned.

Bitcoin mining pointless? No.
Bitcoin mining profitable? For you, probably not.
The OP and this thread pointless? Yes.

klondike_bar

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ASIC Wannabe

Quote from: ipoomyself on July 19, 2014, 12:50:15 PM

I just realised something I can use my dusty S1s to continue mining bitcoins then convert them to lite/doge so basically ith eth a doge/lite miner all im doing is converting bitcoins to alt instead of buying scypt miners which i wouldnt do now anyway

i never fought of that before.....

but before i set them up i need to use the leaf blower and see how much dust will cum off those things im excpted a storm ahead.

so you are mining bitcoins and exchanging them for other crypto-currencies? Not sure how this relates to the title of your thread

Meech

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Thats like converting gold to silver. Scrypt probably will never get anywhere near the value of Bitcoin.

ipoomyself

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I just realised something I can use my dusty S1s to continue mining bitcoins then convert them to lite/doge so basically ith eth a doge/lite miner all im doing is converting bitcoins to alt instead of buying scypt miners which i wouldnt do now anyway

i never fought of that before.....

but before i set them up i need to use the leaf blower and see how much dust will cum off those things im excpted a storm ahead.

Topic: Mining Pointless? ? ? I think not? (titol edit) (Read 1626 times)