What a mistake.... | Bitcointalksearch.org

n0ne

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DGbet.fun - Crypto Sportsbook

Quote from: Decoded on March 02, 2016, 06:14:46 PM

Sell them, as long as they aren't worn up. They should be worth a little less than what you invested. I spend about $10 investing in genisis mining, and I get 0.04 a day Grin

Selling is the only option. You might end up with a small loss if you make the selling at the earliest.
Everytime investing in mining won't give you the stable value. So need to plan accordingly and do the investment.

Decoded

legendary

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give me your cryptos

Sell them, as long as they aren't worn up. They should be worth a little less than what you invested. I spend about $10 investing in genisis mining, and I get 0.04 a day Grin

aardvark15

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I would suggest selling it and using the money to buy some bitcoin. You can make 6 cents a day by doing faucets or signature campaigns.

Snorek

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I am afraid that your miners won't find good spot for themselves. Because from what I know after doing quick research about altcoins based on SHA-256 differences in your profits are minimal.
It is true that difficulty of mining altcoins is lower that bitcoin but also your potential profits are much lower.
So if you don't have a place with cheap electricity where you can plug your miners then the best option is to sell these miners ASAP.

The Feral Kid

newbie

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Ok, well I learned a lesson just reading this thread. Damn, mining is not cheap! Tongue

SanaButt

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Quote from: multiAAA on February 09, 2015, 03:17:15 AM

There are 3 option :
1. Sell it for cheap price
2. Mining altcoin, check best coin to mine here : http://www.coinwarz.com/miningprofitability/sha-256
3. Keep mine bitcoin with it, you also can use it to make heat

Best option is sell it for cheap price.

Sutters Mill

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Cryptophile at large

Quote from: EvilPanda on February 11, 2015, 05:29:59 AM

Quote from: Amph on February 11, 2015, 03:39:46 AM

don't buy anything from here, just go directly ith btc, it will reach a good value one day, i'm sure

I think so too. IMO OP should sell the bricks on ebay or other site ant accept a small loss, then invest the money in Bitcoin.

Be careful not to get scammed on ebay as a lot of people do. That would add further insult to injury. I agree with amph about just buying btc and holding would be a better investment.

EvilPanda

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Small Red and Bad

Quote from: Amph on February 11, 2015, 03:39:46 AM

don't buy anything from here, just go directly ith btc, it will reach a good value one day, i'm sure

I think so too. IMO OP should sell the bricks on ebay or other site ant accept a small loss, then invest the money in Bitcoin.

Bitcoinexp

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Perhaps you could consider mining some other altcoin. Pump and dump them and get some easy bitcoins. Or just sell them in the goods section for bitcoin, who knows you might make your money back if bitcoin shoots sky-high again.

Amph

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don't buy anything from here, just go directly ith btc, it will reach a good value one day, i'm sure

MEPHuk

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As others have stated, use them to mine altcoins, maybe you will get lucky and mine a new coin that after you start mining, goes onto a big exchange so you can dump and recoup your costs.

sgk

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!! HODL !!

Quote from: Snorek on February 09, 2015, 07:20:34 PM

Quote from: dothebeats on February 09, 2015, 09:11:21 AM

Find a SHA-256 algorithm based coin if you can't find a buyer of that miner. If you can't find a good altcoin to mine, you're better off selling that miner to another person.

Can you suggest at least ONE good alt coin good for mining? I have a feeling that all every alt coin now is just pump and dump scheme and we won't be seeing another dogecoin anytime soon.

NEOS is one good SHA-256 coin that is not a pump-and-dump. The developer is dedicated to steady development and the coin features are just too good.
It is severely undervalued right now, but has a lot of potential.

https://bitcointalksearch.org/topic/annneosneos-v202-released-sha256-automatic-backups-more-inside-951349

Brewins

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Quote from: Snorek on February 09, 2015, 07:20:34 PM

Quote from: dothebeats on February 09, 2015, 09:11:21 AM

Find a SHA-256 algorithm based coin if you can't find a buyer of that miner. If you can't find a good altcoin to mine, you're better off selling that miner to another person.

Can you suggest at least ONE good alt coin good for mining? I have a feeling that all every alt coin now is just pump and dump scheme and we won't be seeing another dogecoin anytime soon.

you might maybe want to join the pumps and dumps and make profit instead of hitting the jackpot and find the next coin that goes to the moon?

Anyway study and draw your own conclusions, forum people are not reliable when talking about altcoins. Many will try make you fall for their pump and dump thing

ranochigo

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Crypto Swap Exchange

Quote from: Snorek on February 09, 2015, 07:20:34 PM

Quote from: dothebeats on February 09, 2015, 09:11:21 AM

Find a SHA-256 algorithm based coin if you can't find a buyer of that miner. If you can't find a good altcoin to mine, you're better off selling that miner to another person.

Can you suggest at least ONE good alt coin good for mining? I have a feeling that all every alt coin now is just pump and dump scheme and we won't be seeing another dogecoin anytime soon.

Because everyone knows bitcoin is not profitable, if a SHA256 coins become more profitable, the difficulty will rise very fast. Most altcoins now wants to be different from Bitcoin and have ASIC resistance as those who have ASICs would have more coins than those who dont.

Velkro

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Quote from: onlywojtas on February 09, 2015, 12:18:52 AM

Can anybody advise me on what to do with these bricks (besides not being and idiot and doing some research prior to purchase)? are there any altcurrencies out there worth mining?

Room heaters, loud but effective Tongue

Sorry to hear

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: Snorek on February 09, 2015, 07:20:34 PM

Quote from: dothebeats on February 09, 2015, 09:11:21 AM

Find a SHA-256 algorithm based coin if you can't find a buyer of that miner. If you can't find a good altcoin to mine, you're better off selling that miner to another person.

Can you suggest at least ONE good alt coin good for mining? I have a feeling that all every alt coin now is just pump and dump scheme and we won't be seeing another dogecoin anytime soon.

its safe to say that all new coins are pump and dump coins, so i would rather go and take a look at services like betarig, where
u can sell your hashpower more profitably.
or on the other hand just cut your losses and resell the machines.

cheers

Snorek

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Quote from: dothebeats on February 09, 2015, 09:11:21 AM

Find a SHA-256 algorithm based coin if you can't find a buyer of that miner. If you can't find a good altcoin to mine, you're better off selling that miner to another person.

Can you suggest at least ONE good alt coin good for mining? I have a feeling that all every alt coin now is just pump and dump scheme and we won't be seeing another dogecoin anytime soon.

mezmerizer9

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Activity: 782

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Quote from: onlywojtas on February 09, 2015, 12:18:52 AM

So I bought myself two 10gh/s miners from BFL (max 25gh/s).
What a waste of $118...
I should've done my research before I bought these damn bricks.
At this difficulty i'm making a grand total of $.06 a day... wooo.
Can anybody advise me on what to do with these bricks (besides not being and idiot and doing some research prior to purchase)? are there any altcurrencies out there worth mining?

Send them to me. Cheesy

Well I don't know, but yes, You should have asked here first. That's what I tell everyone to do before investing into something.

gogxmagog

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Ad maiora!

Seal them up in a nice airtight container. Wait 50 years. Sell as antique collector's items. If BTC is still around they will have some serious "curiosity" value.

Sadly, the only way to recoup your loss right now is to look for someone who will make the same mistake as you, which isn't a very nice thing to do.

of course, if you run them for a few months and make 0.001 BTC and BTC value goes up to >1000$ you will have your money back then too.

oblivi

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It cant mine ASIC?

Well your only hope is going to coinwarz.com, calculate gains on some altcoin, mine and wait for a pump then sell all of it for BTC.

If you dont want to gamble then just sell it.

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