Selling up | Bitcointalksearch.org

fattypig

full member

Activity: 224

Merit: 100

Quote from: Remember remember the 5th of November on October 17, 2013, 02:13:04 PM

May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.

That's worse then lottery...

goastler

newbie

Activity: 52

Merit: 0

That's a brilliant idea, I've got them hooked up to a RPi so the energy usage will be minuscule. Did you really manage to find a bitcoin block on solo? Wow, I'm pretty impressed

How do you solo mine?

tinus42

hero member

Activity: 784

Merit: 501

Quote from: Remember remember the 5th of November on October 17, 2013, 02:13:04 PM

May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.

Did you really mine solo with Block Erupters? Can you give any details? Shocked

Johnny Bitcoinseed

full member

Activity: 154

Merit: 100

Johnny Bitcoinseed

As with the gold rushes of the 1800's, 99 times out of a 100 it was the suppliers to the miners and not the miners who made their fortunes. A few of the first miners to get there may have done well, but few afterwards. Nothing much changed, just the venue.

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

May I offer a simple suggestion? Considering that the Eruptors don't use a lot of power, can you not just let them mine SOLO in the hopes of mining a block? The probability is low, but it's not 0 and you could be luckier than you thought. I know I was.

goastler

newbie

Activity: 52

Merit: 0

Okay thanks, that's given me stuff to think about

I was thinking of setting up my own pool to try and generate some profit.... It'd be far easier than becoming a hardware manufacturer :L

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: goastler on October 17, 2013, 11:33:03 AM

I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK

Okey, my opinion:
Mining is not profitable anymore, unless you are a company producing the mining equipment.

goastler

newbie

Activity: 52

Merit: 0

I'm not asking to be told what to do, I'm asking for advice. I'll make my own decisions thanks, hence why I'm currently mining XJO only. I was just asking what you guys THINK

tinus42

hero member

Activity: 784

Merit: 501

I'll keep on mining until I get no more coins out of my Block Erupter. Have 3 more on the way. If you just see it as a hobby there's no reason to quit.

greyhawk

hero member

Activity: 952

Merit: 1009

First things first you should clean the kitchen. It's a mess. Also remember to take the dog for a walk and to water the plants.

marcovaldo

sr. member

Activity: 350

Merit: 250

You can do whatever you want. Why would anyone tell you what to do?
And why should you trust it better than yourself?

goastler

newbie

Activity: 52

Merit: 0

Basically, should I sell up? I've got a blade and a block erupter both mining a range of cryptocurrencies (Mainly PPC, BTC and XJO), but the look of this http://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-batch/ and this http://www.butterflylabs.com/monarch/ don't fill me with confidence for the future. I know butterfly labs isn't known for shipping their items promptly, but even so, when 1TH/s machine like those come around my blade is going to pull in next to nothing and my erupter is as good as scrap metal by my reckoning. What do you guys think? And if I should sell up, when?

Topic: Selling up (Read 1378 times)