By the end of the week, I'll be retiring my lone S2 and all my S3's; only running SP20's and S5's.
Starting to feel like an end of an era...
Topic: Turning off miners - page 9. (Read 36432 times)
send me your miners and i will plug them and send you some satoshis xD.. i have "free" electricty xD
I'm just setting up some nodes to help the network.
Thinking of doing the same because my miner runs only occasionally for (gamble) solo mining.
I was really happy to buy my antminer s3 on september, i knew that ROI was gonna be impossible but mining is so much fun, to know that you are mining is.. awesome 
, had to turn them off and I'm just setting up some nodes to help the network.
, had to turn them off and I'm just setting up some nodes to help the network.
about time. Idk how it's even worth the energy costs
The difficulty to begin with was already too high. Bitcoin was on a steady decline over the months and it hit rock bottom a week ago. I stopped mining a bit ago, but I don't blame anyone for stopping now while they're ahead. Saving the Bitcoin while paying for the mining, which I have seen some do, is a horrible idea. The charges will keep racking up while the BTC never rises up in price. For me, it was nice while it lasted, I'm sure it was for you too.
It was minimum. Nothing too notable or to make a difference in OP's case.
By the way the previous difficulty change was a decrease :
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
It was minimum. Nothing too notable or to make a difference in OP's case.
We are seeing a big increase in difficulty......maybe it led to my miner turning off!!! 
By the way the previous difficulty change was a decrease :
https://bitcoinwisdom.com/bitcoin/difficulty
We are seeing a big increase in difficulty......maybe it led to my miner turning off!!!
Maybe it's a combinaison of the network being a bit unlucky and more power coming to the network.
We are seeing a big increase in difficulty......maybe it led to my miner turning off!!!
With the price which falls, I think that it is completely useless to mine for the moment, with the difficulty.. Some Cloud Mining companies are probably going down too soon, zeushash !?
all of my S3 alive now
back from the dead
since price is up it will got a little profit
back from the dead
since price is up it will got a little profit
All S3 back to dead for me..
But if I'm an average bitcoin miner with a couple ASICs maybe, and I'm expecting the price to go up anyway, why would I ever shut down my miners? Do you really convert your earnings immediately and then pay your bills with that? If not, isn't it nonsense to turn off miners?
My goal is to invest a set amount of fiat every month increasing my btc stash. I do that mining and buying. When mining becomes less productive than simply buying btc, the miners get turned off and I start buying instead.
Ok, in this case I got it. Buy if its cheaper to buy.
But if I'm an average bitcoin miner with a couple ASICs maybe, and I'm expecting the price to go up anyway, why would I ever shut down my miners? Do you really convert your earnings immediately and then pay your bills with that? If not, isn't it nonsense to turn off miners?
My goal is to invest a set amount of fiat every month increasing my btc stash. I do that mining and buying. When mining becomes less productive than simply buying btc, the miners get turned off and I start buying instead.
If I was mining farm owner, I would shut down my farm if the price gets below X BTC, because I need to sell those BTC to cover my electricity cost in fiat, clear.
But if I'm an average bitcoin miner with a couple ASICs maybe, and I'm expecting the price to go up anyway, why would I ever shut down my miners? Do you really convert your earnings immediately and then pay your bills with that? If not, isn't it nonsense to turn off miners?
But if I'm an average bitcoin miner with a couple ASICs maybe, and I'm expecting the price to go up anyway, why would I ever shut down my miners? Do you really convert your earnings immediately and then pay your bills with that? If not, isn't it nonsense to turn off miners?
all of my S3 alive now
back from the dead
since price is up it will got a little profit
back from the dead
since price is up it will got a little profit
Turned my S3 back on. Small profit or break even but plan on holding BTC so see how it goes. 
prices are going back up a bit these last few days, looks like miners will come back
I say we just shut the forum down for a day or two every week. It seems to work wonders for the price.
Quite often (For me atleast) the highest profit I have made mining was when it was unprofitable at the time. For example back a hile ago I may have been able to mine maybe 0.1 a week on a small home operation with low ish starting costs but due to the price at the time it was not worthwhile. Now imagine if I had kept that going and maybe mate a couple bitcoin? If I sold at the right time $2k for a small gpu based rig.
This! I used to mine altcoins in a sort of similar manner and could have mad a killing based of the price increases at the time. Especially in litecoin.
Quite often (For me atleast) the highest profit I have made mining was when it was unprofitable at the time. For example back a hile ago I may have been able to mine maybe 0.1 a week on a small home operation with low ish starting costs but due to the price at the time it was not worthwhile. Now imagine if I had kept that going and maybe mate a couple bitcoin? If I sold at the right time $2k for a small gpu based rig.
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