Topic: SHUT DOWN ALL BITCOIN MINERS TODAY Jan 12, 2015 18:00:00 (UTC) till 19:00:00 (Read 2186 times)
January 17, 2015, 09:54:55 PM
People will mine if free energy or stupidly low prices. All my miners are of as it would cost me around $10 per day just to run my equipment and right now mining BTC would yikled in like $3 to $4 at most and to be honest its a $6 to $8 loss daily might as well piss in the wind. Better yet buying is much better and holding but also prices sky rocketing down so sticking to holding cash ad buying in lower and then wait for prices to go back up then maybe consider mining again but trading lot better than mining now and always will be unless you can yiled in like 60 to 100TH of power and have free energy to run it off.
January 17, 2015, 07:06:23 PM
Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
In some places... 1BTC=75$ for electricity i cant speak about it calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
January 17, 2015, 07:01:58 PM
There are many thinking this way and many thinking the better way off... If everyone would ever to do this, then it will be possible for so many newbies to make some good coins generated using their CPUs only, as the difficulty would have dropped down hard due to this and blockchain may get stopped and no ledgers might take place...
Difficulty drops are limited and they happen very slowly, and blocks still need to be solved before the difficulty changes. It would take 10 years before the difficulty would drop back to CPU mining levels... Bitcoin mining already has contingency plans built into its design to make these ideas pointless.The only thing that I can really see causing this to happen would be if we say a very long, sustained drop in the price of bitcoin (over probably 1+ years)
January 14, 2015, 08:00:52 PM
i just want That difficulty drop and we can make some coins Easier..?
You can ask for it but you dont get something for nothing.
January 14, 2015, 08:17:32 AM
Hmm. Absolutely unusable, changes +/- 20% after each mined block. I saw -1% there few minutes ago, now -12. Try bitcoinwisdom, bitcoincharts.com,mining-profit.com or whatever else for more usable data.
January 14, 2015, 08:08:00 AM
January 14, 2015, 07:49:24 AM
todays info
Next difficulty retarget occurs at block 340703.0 (eta 17.9 days): 32770320327.2 / -25.5% [est.]
Next difficulty retarget occurs at block 340703.0 (eta 17.9 days): 32770320327.2 / -25.5% [est.]
Source? Extremely overshot imho. I expect -5 to -8 pct
January 13, 2015, 02:13:53 PM
todays info
Next difficulty retarget occurs at block 340703.0 (eta 17.9 days): 32770320327.2 / -25.5% [est.]
Next difficulty retarget occurs at block 340703.0 (eta 17.9 days): 32770320327.2 / -25.5% [est.]
January 13, 2015, 10:06:08 AM
btc price is going down, so whats the point mining it already.. better buy it than mining
Buying in this situation is called catching a falling knife...
January 13, 2015, 09:24:37 AM
btc price is going down, so whats the point mining it already.. better buy it than mining
January 13, 2015, 09:18:35 AM
Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
Not everyone shares your goals, time frame, hardware costs, or electricity costs.
January 13, 2015, 09:15:41 AM
i just want That difficulty drop and we can make some coins Easier..?
I prefer a higher difficulty. January 13, 2015, 08:26:35 AM
Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
Cheaper electricity?
January 13, 2015, 06:57:57 AM
Why people still minning??
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
calculation 4TH today ? and where is then ROI ?
$10.69 mining 24h
$3.49 profit
$7.20 for electricity
January 12, 2015, 05:33:03 PM
There are many thinking this way and many thinking the better way off... If everyone would ever to do this, then it will be possible for so many newbies to make some good coins generated using their CPUs only, as the difficulty would have dropped down hard due to this and blockchain may get stopped and no ledgers might take place...
Difficulty drops are limited and they happen very slowly, and blocks still need to be solved before the difficulty changes. It would take 10 years before the difficulty would drop back to CPU mining levels... Bitcoin mining already has contingency plans built into its design to make these ideas pointless. January 12, 2015, 03:56:53 PM
interesting idea, but unrealistic.
January 12, 2015, 09:55:06 AM
There are many thinking this way and many thinking the better way off... If everyone would ever to do this, then it will be possible for so many newbies to make some good coins generated using their CPUs only, as the difficulty would have dropped down hard due to this and blockchain may get stopped and no ledgers might take place...
January 12, 2015, 09:51:49 AM
http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/
cex.io already temporary stopped their cloud mining. So close your miners
cex.io already temporary stopped their cloud mining. So close your miners
January 12, 2015, 06:19:29 AM
i just want That difficulty drop and we can make some coins Easier..?
No January 12, 2015, 06:16:16 AM
i just want That difficulty drop and we can make some coins Easier..?
January 12, 2015, 05:56:54 AM
That type of actions never been a success. Once in the year there's green hour for earth. There's alot of talking about turning off all electric devices. And when that hour comes, still alot of lights is turned on. People just don't care, they want to live as always. Same day in many news you can hear from electric plant engineers that this type of action can only make troubles in such plants. Same thing would be with mining. That would give a shit regarding diff, but lack of confirmations in one hour could hurt some people.
January 12, 2015, 05:43:20 AM
I think it will stop all transactions, is this right? We are dependent on miners for confirmations.
January 12, 2015, 05:41:53 AM
Just give it a try. 
January 12, 2015, 05:40:29 AM
Nothing would happen for an hour and then everything would resume as it always did and difficulty would still rise virtually the same amount. There are periods of over an hour where no blocks are found even with all the mining in the world still going on and this would be no different to those periods. If you want difficulty to drop as much as possible you need to stop people mining for 8 weeks. In that time the lack of transaction processing would lead to a bitcoin collapse unlike any before and it would be totally utterly worthless at the end of it.
January 12, 2015, 05:20:56 AM
Don't know, but i think satoshi's machines keep alive to mine.
January 12, 2015, 04:47:45 AM
If no blocks are mined, difficulty will not adjust. If all miners stalls and restarts in 2 weeks, difficulty stays high until the next adjustment block.
January 12, 2015, 04:26:20 AM
Well if all did this we would not hit the next difficulty as the block would never be solved. I could be wrong but i think it would cause the blockchain to stop, stopping everything.
January 12, 2015, 04:12:48 AM
What will happend if we all shut down miners for one hour... just before difficulty should rise up...
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