Not meaning to hijack this thread, but i posted about a bitcoin mine option in my country and would like you all to consider it as an option.
I'm not currently asking any money, i'm just looking to get some ballpark figures on interest, and if it goes through, start everything as it should, in person, or via multisig wallets, with lawyers on my country etc.
It is almost up there at the top of Bitcoin > Mining https://bitcointalksearch.org/topic/bitcoin-mine-opportunity-with-ultra-cheap-electricity-1125379
Topic: Turning off miners (Read 36423 times)
Does anyone keeps running miner without being solar or other kind of green energy,pretty sure you running miner in loss all knows those but to build a system solar just to mine i guess not the way to go,if change energy full house ,and use it to mine well that is the right way to go
Has anyone seen a solar generator that would be able to run a 1000 watt miner 2ths, i know the cost could be a lot higher but at lease it would be self sufficient, i wish we could get an eco friendly miner package from some of the big companies developing new miners.
There are a few threads about mining with solar power here on the forums. The thing is, to tell you whether or not it would be feasible (economically) in your case a lot of other information would be needed.
One can design a system to run a 1000 Watt miner for you, but without knowing local electricity prices for example, one can't say whether or not it is worth it.
I can suggest e.g. this thread https://bitcointalksearch.org/topic/--1041769 I wrote down a few of my thoughts on the topic. If you need any further help and want to look into this, I'm happy to help you with the details.
Has anyone seen a solar generator that would be able to run a 1000 watt miner 2ths, i know the cost could be a lot higher but at lease it would be self sufficient, i wish we could get an eco friendly miner package from some of the big companies developing new miners.
DONT TURN THEM OFF, ILL RUN THEM FOR YOU! Hahaha... Ill pay like 3 USD in electricity running 4 Antminers s4+, its so cheap that I dreamed of offering a cheaper cloud mining service, but i guess it would be harder than i think... Right??
0.03 is even cheaper than china, because of thi, i might be interested if you can do a privare renting or something, but seeing how you are a new user we must use escrow
if you use antminers s5 you can sve even more on electricity, reaching almost free power
DONT TURN THEM OFF, ILL RUN THEM FOR YOU! Hahaha... Ill pay like 3 USD in electricity running 4 Antminers s4+, its so cheap that I dreamed of offering a cheaper cloud mining service, but i guess it would be harder than i think... Right??
the big problem is not to create a cloud but keep it profitable, than that today only a few companies can keep paying its members avoiding prejudice , today who have bitcoins simply invest or games or altcoins and wait for your valorization and sells and this is the best way to invest bTC .
DONT TURN THEM OFF, ILL RUN THEM FOR YOU! Hahaha... Ill pay like 3 USD in electricity running 4 Antminers s4+, its so cheap that I dreamed of offering a cheaper cloud mining service, but i guess it would be harder than i think... Right??
Turned off my miners. Where I live the power costs are too high for the current price and difficulty. 
If profitability is your main focus this will be the case in most countries.
Some will continue to mine just to help protect the network.
I have a feeling mining will come back quickly if BTC prices skyrocket again
After one year of mining, I just stopped my small time mining operation 
In the past 4 months, I was paying so much for power, my bills were so high, and I was barely making anything. Not even close to breaking even each month. Now I just buy direct, and cloud mine. I have to keep the feeling of getting new coins each day. I think I will turn on my miners maybe for a week each month (maybe).
But I will say what a year experience it has been. From being ripped off and miners never coming that I paid for from minersource/blackarrow (prospero x-1), and from cloud mining sites shutting down after 2 months of offering service (GAW miners).
In the past 4 months, I was paying so much for power, my bills were so high, and I was barely making anything. Not even close to breaking even each month. Now I just buy direct, and cloud mine. I have to keep the feeling of getting new coins each day. I think I will turn on my miners maybe for a week each month (maybe).But I will say what a year experience it has been. From being ripped off and miners never coming that I paid for from minersource/blackarrow (prospero x-1), and from cloud mining sites shutting down after 2 months of offering service (GAW miners).
I am on the fence of shutting down my 7 S3's - I live in SF and feel like I am actively losing money, but I enjoy doing what I can to decentralize the network.
I wish it wasn't so slanted by silicon/ASIC producers with access to cheap power.
I also got ripped off $6000 by bitmine in 2014 with a miner/refund that never came.
I wish there weren't so many bad people motivated by greed in this world.
I still believe in bitcoin.
maybe offtopic but what was the deal about the $6000?
I purchased a CoinCraft Desk miner from Bitmine.ch in 12/31/2013 for $5,938 USD - sent by wire to Switzerland. The miner was supposed to be delivered in March 2014. It never came. The company just went public with its bankruptcy.
http://bitmine.ch/
Also feel free to check out a bunch of their customers complaining about never receiving the miners or the refunds they were promised.
https://bitcointalk.org/index.php?topic=291141.4500
edit: dates
I'm miner, not trader. And full node already working for decentralization of bitcoin. This is my small contribution to support network. I'm not spending mined bitcoins now, money from my main job is enough to pay electricity bills.
how much you get from your mining for that?
because electricity cost are too high.
Yes, I agree. Electricity costs are too high, when BTC go up, then may be 
you have only two weeks for that, than the diff will match the price and the ratio will be the same as before, there were users in the past that were exploiting that time window to earn more and then sell the miners, in the era where those asic miners were replaced quickly with a more efficient miners
Yes, I agree. Electricity costs are too high, when BTC go up, then may be
When you buy Bitcoins you can close your position with few clicks and get your funds back instantly. When mining you are attached to your gear, that you have to find a buyer for.
When I had a scrypt miner over one year ago I've been refraining from buying coins, because mining seemed more entertainable for me and thought it brings more opportunities.
Unless you have very cheap electricity I'd suggest to buy coins instead of mining. Especially if you are not selling them to get profit now, but holding.
When I had a scrypt miner over one year ago I've been refraining from buying coins, because mining seemed more entertainable for me and thought it brings more opportunities.
Unless you have very cheap electricity I'd suggest to buy coins instead of mining. Especially if you are not selling them to get profit now, but holding.
yes that way buy them directly is loose money some kind of hoby? at the moment you are throwing money away ,if you wanna do that send them to my wallet lol,there is several ways to support and those one just killing your precious money
When you buy Bitcoins you can close your position with few clicks and get your funds back instantly. When mining you are attached to your gear, that you have to find a buyer for.
When I had a scrypt miner over one year ago I've been refraining from buying coins, because mining seemed more entertainable for me and thought it brings more opportunities.
Unless you have very cheap electricity I'd suggest to buy coins instead of mining. Especially if you are not selling them to get profit now, but holding.
When I had a scrypt miner over one year ago I've been refraining from buying coins, because mining seemed more entertainable for me and thought it brings more opportunities.
Unless you have very cheap electricity I'd suggest to buy coins instead of mining. Especially if you are not selling them to get profit now, but holding.
I'm miner, not trader. And full node already working for decentralization of bitcoin. This is my small contribution to support network. I'm not spending mined bitcoins now, money from my main job is enough to pay electricity bills.
the only good thing about this is anonimity, via mining, in comparison with buying bitcoin, but if you don't mind this, you can go ahead and buy with your wage instead of paying the bills, which would be basically the same thing
but you can have some edge on the price if it skyrocket later, while with mining you can't mine quickly enough, in the case the diff will rise
well in the end all the same thing,but well would be better to buy the bitcoin direct on exchanges instead buy a miner,and pay a huge bills of energy,this way you would be helping the bitcoin world but without loose your money to pay bills... but well for me makes no sense i were to buy a miner but i thinked on the ROI soo now i buy bitcoin on exchangers ,,,less cost and i can roin in days or weeks. All money invested gets in the end ,the called results.
I'm miner, not trader. And full node already working for decentralization of bitcoin. This is my small contribution to support network. I'm not spending mined bitcoins now, money from my main job is enough to pay electricity bills.
the only good thing about this is anonimity, via mining, in comparison with buying bitcoin, but if you don't mind this, you can go ahead and buy with your wage instead of paying the bills, which would be basically the same thing
but you can have some edge on the price if it skyrocket later, while with mining you can't mine quickly enough, in the case the diff will rise
I'm miner, not trader. And full node already working for decentralization of bitcoin. This is my small contribution to support network. I'm not spending mined bitcoins now, money from my main job is enough to pay electricity bills.
that sounds insane keep mining bitcoin with the low worth of it and well bills will accumulate and it can stay for a long time on the current price soo how long you are able to wait for a raise on them?
I will mine bitcoin even in minus, because I'm believe in bright future.
well isn't better to buy it then and setup a full node? a better combination than wasting time mining, while still maintaining the support for the network
I will mine bitcoin even in minus, because I'm believe in bright future.
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