pm me for my refferal link, ill give some extra mhs if you buy over my refferal
Topic: Minning is wasting money, why still minners? - page 2. (Read 5567 times)
just try out cloudmining instead, gaw, ltcgear, genesis mining, LTCGear got an promo going on for ~5.5$ per 1MH/s in a pack of 160MH/s ~850$(all discount applyed), u use the cupon "anniversary1yr" and get 50% discount from it and another 8% from purchesing with bitcoin
pm me for my refferal link, ill give some extra mhs if you buy over my refferal
pm me for my refferal link, ill give some extra mhs if you buy over my refferal
I am not worried about if I am losing/ wasting money "Now". The point of mining to me is to keep generating btc while I hold. I have made some ROI on my miners and also just broken even on some. At the end of the day I am mining for what btc is in 10 years not what it is now
+1.
If btc were only an improved currency and remittances system, that would be awesome enough. But there's so much more potential in the blockchain.
I'm a home miner with 3th. Not really making money but getting some BTC. I do it for interest in the whole process of digital currency. Also I try to buy as much BTC as I mine. Mine a coin... buy a coin. I think both ways make for a fulfilling hobby and support of community. I try not to think about the farms and PH/s that are being mined. It its what it is.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
I'm with you. I've run bitcoind nodes on my computers for years. I've only recently bought my first coins, and have begun trading. I also have a couple of small Hashlets from GAW.
I just ordered a miner. Not much, a BTC Garden AM-V2 (610gh). I've configured a P2Pool node on my Linux server. I think those of us who value decentralization have to take some responsibility for the infrastructure, even if it's not "profitable." Hobby, experimentation, principles -- it's all good!
What were your achievements in running a bitcoind these long years?
Just helping to maintain the blockchain. My PC's on 24/7 anyway, so no big deal. Running Bitcoin-Qt (and now Armory) doesn't tax my system to the detriment of my normal web surfing/streaming media/photo editing/office work. I tried CPU mining on Slush's Pool, but it bogged my system down too much for ordinary work. GPUs already had taken over by that time. I got some tiny, unpayable fraction there before I abandoned the idea.
I'm a home miner with 3th. Not really making money but getting some BTC. I do it for interest in the whole process of digital currency. Also I try to buy as much BTC as I mine. Mine a coin... buy a coin. I think both ways make for a fulfilling hobby and support of community. I try not to think about the farms and PH/s that are being mined. It its what it is.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
I'm with you. I've run bitcoind nodes on my computers for years. I've only recently bought my first coins, and have begun trading. I also have a couple of small Hashlets from GAW.
I just ordered a miner. Not much, a BTC Garden AM-V2 (610gh). I've configured a P2Pool node on my Linux server. I think those of us who value decentralization have to take some responsibility for the infrastructure, even if it's not "profitable." Hobby, experimentation, principles -- it's all good!
What were your achievements in running a bitcoind these long years?
I'm a home miner with 3th. Not really making money but getting some BTC. I do it for interest in the whole process of digital currency. Also I try to buy as much BTC as I mine. Mine a coin... buy a coin. I think both ways make for a fulfilling hobby and support of community. I try not to think about the farms and PH/s that are being mined. It its what it is.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
I'm with you. I've run bitcoind nodes on my computers for years. I've only recently bought my first coins, and have begun trading. I also have a couple of small Hashlets from GAW.
I just ordered a miner. Not much, a BTC Garden AM-V2 (610gh). I've configured a P2Pool node on my Linux server. I think those of us who value decentralization have to take some responsibility for the infrastructure, even if it's not "profitable." Hobby, experimentation, principles -- it's all good!
Well mining is for hobby now and not for profit...
I think we are early stage of price explosion.
You are right for 100%
Home/garage mining is finishing right now
Home/garage mining is finishing right now
I'm a home miner with 3th. Not really making money but getting some BTC. I do it for interest in the whole process of digital currency. Also I try to buy as much BTC as I mine. Mine a coin... buy a coin. I think both ways make for a fulfilling hobby and support of community. I try not to think about the farms and PH/s that are being mined. It its what it is.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
Have fun and remember to spend some BTC. That is the Purpose. Don't hoard it.
- Electricity Bill for every country in the world is different ,and in some country you can get cheap electricity with bribe someone who has authority to do that.
- Maybe miner still hope that BTC price or other coins will raise someday.
So now with btc below $400 we can say yes mining is wasting money ,but we don't know what happen next.
- Maybe miner still hope that BTC price or other coins will raise someday.
So now with btc below $400 we can say yes mining is wasting money ,but we don't know what happen next.
If whatever happens next, it only applies to already brought mining hardware.
For those who are going to get miners are 100% losers at this time.
They should wait for BTC value to appreciate before buying new hardware.
Otherwise, buy BTC directly is the best and less risky method.
If money is not a concern and hobby mentality cracking in your brain, buy a hardware now!
- Electricity Bill for every country in the world is different ,and in some country you can get cheap electricity with bribe someone who has authority to do that.
- Maybe miner still hope that BTC price or other coins will raise someday.
So now with btc below $400 we can say yes mining is wasting money ,but we don't know what happen next.
- Maybe miner still hope that BTC price or other coins will raise someday.
So now with btc below $400 we can say yes mining is wasting money ,but we don't know what happen next.
I am not worried about if I am losing/ wasting money "Now". The point of mining to me is to keep generating btc while I hold. I have made some ROI on my miners and also just broken even on some. At the end of the day I am mining for what btc is in 10 years not what it is now
The best is to go to country like ice land and build your own electricity generator, asic and mine yourself. Best right...
That's almost what some of the mining hardware manufacturers are doing.
They even sell their almost juiced hardware to customers.
The best is to go to country like ice land and build your own electricity generator, asic and mine yourself. Best right...
Smart trading has been more effective than mining for a long time.
That being said, home mining is essentially unpractical unless you pay below 0.08ct/kWh and live in very cold climate (and has been for quite some time now).
Over 50% of all mining power comes from either industrial scale farms or industrial scale hosting services.
The future of mining is in the "cloud" aka hosted services / shares of big mining operations.
These can actually achieve a better efficiency in terms of power / hosting costs per TH aswell as lower hardware prices.
That being said, home mining is essentially unpractical unless you pay below 0.08ct/kWh and live in very cold climate (and has been for quite some time now).
Over 50% of all mining power comes from either industrial scale farms or industrial scale hosting services.
The future of mining is in the "cloud" aka hosted services / shares of big mining operations.
These can actually achieve a better efficiency in terms of power / hosting costs per TH aswell as lower hardware prices.
Trading and Mining are two different business.
If for Hobby/Fun purpose Trading cannot replace Mining.
If for Profits then its better to trade currency or stocks in fiat world than in bitcoin because its more matured than btc exchanges.
There once can more effectively implement their trading strategies.
Home Mining as for now is not viable financially due to BTC value erosion against dollar.
Another thing is, even with zero electricity charges ROI is -ve due to the current hardware price.
Cloud is also not viable as per the current price listing for hashing power.
More over there are conflict of interest in that cloud hosting business model. Cloud returns are not as good as we fee from the front end.
Finally, if anyone want to do mining as a hobby/fun with a positive or neutral ROI, the time is gone.
Smart trading has been more effective than mining for a long time.
That being said, home mining is essentially unpractical unless you pay below 0.08ct/kWh and live in very cold climate (and has been for quite some time now).
Over 50% of all mining power comes from either industrial scale farms or industrial scale hosting services.
The future of mining is in the "cloud" aka hosted services / shares of big mining operations.
These can actually achieve a better efficiency in terms of power / hosting costs per TH aswell as lower hardware prices.
That being said, home mining is essentially unpractical unless you pay below 0.08ct/kWh and live in very cold climate (and has been for quite some time now).
Over 50% of all mining power comes from either industrial scale farms or industrial scale hosting services.
The future of mining is in the "cloud" aka hosted services / shares of big mining operations.
These can actually achieve a better efficiency in terms of power / hosting costs per TH aswell as lower hardware prices.
I'll do what I want!!!!
4 S1's and 2 S3's, wont' turn off.. let them run until failure.
Ha ha 2 s1's undervolted and a technobit M4 with an s3 on the way! I rather mine then buy all day, I second guess myself when buying and i LOVE mining. (You pay for entertainment anyways, Mining is my entertainment!)4 S1's and 2 S3's, wont' turn off.. let them run until failure.
Mining is entertainment? First time I heard that but enjoy
Hobby? Sure. Entertainment? Well, I guess.
I'll do what I want!!!!
4 S1's and 2 S3's, wont' turn off.. let them run until failure.
Ha ha 2 s1's undervolted and a technobit M4 with an s3 on the way! I rather mine then buy all day, I second guess myself when buying and i LOVE mining. (You pay for entertainment anyways, Mining is my entertainment!)4 S1's and 2 S3's, wont' turn off.. let them run until failure.
Mining is entertainment? First time I heard that but enjoy
I'll do what I want!!!!
4 S1's and 2 S3's, wont' turn off.. let them run until failure.
4 S1's and 2 S3's, wont' turn off.. let them run until failure.
check this story :
The home mining is dead sometimes ago.
This isn't your example of home mining now is it? What I was reading was that his equipment was in a warehouse and he would be paying a different type of electric (probably commercial rate) This is usually a bit higher than your regular rate. Regardless homeminers shouldn't be looking to make a quick profit but a long one, if electric is low enough they can beat the price of coins by mining. (undervolted s1's and possibly s3)Yeah, Price + Difficulty = S1 and Jupiter retirement.
All said and done about 50TH offline now. Dunno what I'm going to do with them.
https://i.imgur.com/XBX3DVj.jpg
https://i.imgur.com/8drZ50F.jpg
https://i.imgur.com/uxKwz9j.jpg
All said and done about 50TH offline now. Dunno what I'm going to do with them.
https://i.imgur.com/XBX3DVj.jpg
https://i.imgur.com/8drZ50F.jpg
https://i.imgur.com/uxKwz9j.jpg
The home mining is dead sometimes ago.
At the end he isn't a farm , so this category is "home mining" with 1 - 2 or 50 Ths . Because he bought this asic hardware and he hasn't produced it , but the big farm produce the chip and mine whit it .
+ that tells me he still may be farming just doesn't know what to do with lower end hardware . so is he still farming but with 1 th 2th hardware took those off line because of Price + Difficulty = S1 and Jupiter retirement. Just those ?!. I don't see any S3 in those PIC.
I offered some one 170 on ebay for a S3 upgrade kit they want all most 300 for I'll see how that goes .
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