Topic: Turning off miners - page 3. (Read 36432 times)
Mining is almost dead for the little guys its unfortunate but its the facts. Maybe its time to start mining new coins and hope for the best.
I'm working on setting up a cheap solar-powered Bitcoin miner. It's going to run one of my three U2's I have collecting dust by pairing a solar-charged 4000mAh battery bank, a USB solar panel charger to charge the battery bank along with its built-in panel, and a Raspberry Pi or TL-MR3020 router with OpenWRT to control the U2. I'll add more solar panels so I can have a powered USB hub and the other U2s run later. It definitely won't generate a lot of Bitcoins, but hey! No more power costs of leaving my PC on 24/7! It'll also be a fun little project.
I turned off my miners too (twenty four HD7970 farm)
I guess mining is profitable only for ZERO power
Just holding my few LTC for moooon time :-)
I guess mining is profitable only for ZERO power
Just holding my few LTC for moooon time :-)
I turned off my last miner last year..... Kinda sad.... I think mining now is only for the people who is smart about buying/selling hash power at the right time... and the pro's who can invest in giant farms.
I still encourage people to mine for fun.... it is a good educational tool, even without any profit.
I still encourage people to mine for fun.... it is a good educational tool, even without any profit.
The only way you could pay more to mine is if you moved to Hawaii or New York City.
Hawaii it is!
That's the spirit! lol
The only way you could pay more to mine is if you moved to Hawaii or New York City.
Hawaii it is!
well currently only big farms can keep farming,without loose, since btc value is 250dollars ,soo to ROI would take more and more for solo miners,as someone said is time to sell them or atleast buy bitcoins with the money you were willing to buy a new rig....if bitcoin returns to 700 dollars maybe it will be the return from solo miners...
It's pretty amazing actually. There are some farms with extremly low electricity. And in some they still mine with A2 Dragons with a profit.
If you think about dragons still running at a profit from a farm it's crazy. They have ROI'ed and a god amount of profit at this point. I know of at least one that is in this period of just pure profit on a good amount of dragons.
Difficulty just is not getting the double digit changes like we suspected we would get like last year. We actually just got another negative change.
well currently only big farms can keep farming,without loose, since btc value is 250dollars ,soo to ROI would take more and more for solo miners,as someone said is time to sell them or atleast buy bitcoins with the money you were willing to buy a new rig....if bitcoin returns to 700 dollars maybe it will be the return from solo miners...
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.
You're mining in San Francisco?
PG&E's A-1 Small General Service peak use rate for San Francisco is one of the most expensive in the country. Even if you're on an E-9A (handicapped on social security) tiered pricing schedule and only mine at night you still would pay about 40% more for electricity than the rest of the country. The only way you could pay more to mine is if you moved to Hawaii or New York City.
The summer heat is starting to get here. It seems it's getting past the rain sadly.
If it was not for a good amount of fan's I would be pushing gear pretty hard, possibly stopping and selling. But if I am right I think I should be able to mine through summer and have one more winter before the having.
If it was not for a good amount of fan's I would be pushing gear pretty hard, possibly stopping and selling. But if I am right I think I should be able to mine through summer and have one more winter before the having.
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.
buy bitcoin instead, leave this mining thing for the big farms, don't need to play their dirty game
also this is the right time to buy, the price is good and stable
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.
are big farm making money, with the current price? would be interesting to know if they will shut down too
The company that I work for owns around 9P hashrate and is looking to expand until hitting the 50,000 KW max limit. The hydropower price is very competitive, but on the downside, we have to go to the mountains. Eric Mu
CMO of HaoBTC
E: [email protected]
eric are u still intrested in buying miners ?
E: [email protected]
are big farm making money, with the current price? would be interesting to know if they will shut down too
The company that I work for owns around 9P hashrate and is looking to expand until hitting the 50,000 KW max limit. The hydropower price is very competitive, but on the downside, we have to go to the mountains. Eric Mu
CMO of HaoBTC
E: [email protected]
eric are u still intrested in buying miners ?
are big farm making money, with the current price? would be interesting to know if they will shut down too
The company that I work for owns around 9P hashrate and is looking to expand until hitting the 50,000 KW max limit. The hydropower price is very competitive, but on the downside, we have to go to the mountains. Eric Mu
CMO of HaoBTC
E: [email protected]
Set 1:
Ant S1 - half board working 90-100 Ghs
Ant S1 - perfect condition 180 Ghs
without PSU
never overcloacked just updated stock cgminer to get extra nonce
looking to sell both of them excluding shipping for 0.5 BTC
Set 2:
6 GAW furys with PSU
avg hash rate 7.5 mhs
0.5BTC excluding shipping
can take reasonable offers.
Ant S1 - half board working 90-100 Ghs
Ant S1 - perfect condition 180 Ghs
without PSU
never overcloacked just updated stock cgminer to get extra nonce
looking to sell both of them excluding shipping for 0.5 BTC
Set 2:
6 GAW furys with PSU
avg hash rate 7.5 mhs
0.5BTC excluding shipping
can take reasonable offers.
We are expanding our facility and looking to buy large numbers of secondhand miners.
Requirements:
Efficiency: > 0.8W/G
Price: <0.6 BTC/T
Quantity: >500T
Interested parties please contact me at [email protected]
Requirements:
Efficiency: > 0.8W/G
Price: <0.6 BTC/T
Quantity: >500T
Interested parties please contact me at [email protected]
It's almost a 100% safer bet to just purchase Bitcoins than mine for them. With the rising difficulty, increasing hardware costs, and electricity prices being a burden, not to mention heat/cooling, you will likely break even, or even lose a little. It's sad that Bitcoin has moved on to ASIC-only mining, I remember the days of GPU/CPU mining, the key to a great, usable currency is to make it obtainable from anyone who owns a computer.
Mining is getting more and more centralized. I don't mine anymore.
yeah, because of prices of mining gear and other needs like placing miners to DC..in good old times with GPU and FPGA, it was somehow suitable to run it at home/garage..actually, it is quite scary, because there is nothing less secure then some kind of centralized cloud:(
I also stopped and I think that this will be worse and worse..
Mining is getting more and more centralized. I don't mine anymore.
edit: nah.. who am I kidding, can't stop
edit: nah.. who am I kidding, can't stop
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