Still 50/50 ltc/btc, sorry ltc wins atm :p
12 * 7990, heating community in morjärv.
But as mentioned I do hope to see small price increase, been saving for just that.
Topic: Who is quitting mining due to block halving? - page 2. (Read 5013 times)
I wouldn't describe the price as "constantly going up" or skyrocketing.
The 2-day, 25 cent gain is hardly compensating for a halving of bitcoin mining income.
The 2-day, 25 cent gain is hardly compensating for a halving of bitcoin mining income.
Give it 5-6 months.
I recon it'll bump up on average 0.2 - 0.5 BTC a week
Heh I hope so.
In any case, I keep most of my coins for the long term and daily prices won't change my outlook. The coins mined in March last year are not worth 5 US$, they are worth just as much as those mined now.
My rig is at this point very far from profitable. I should probably sell a GPU or two in honesty, but it keeps the room warm.
I wouldn't describe the price as "constantly going up" or skyrocketing.
The 2-day, 25 cent gain is hardly compensating for a halving of bitcoin mining income.
The 2-day, 25 cent gain is hardly compensating for a halving of bitcoin mining income.
Give it 5-6 months.
I recon it'll bump up on average 0.2 - 0.5 BTC a week
3, I'm just glad I didn't bet that difficulty would go down like I thought! Now I mine 1/5 of what I did last year! Still profitable with FPGA but for how long?
Edit: So I did the math on FPGA profitability: If difficulty multiplies by 12.5 (same price on BTC and electricity) I have to shut the FPGAs off.
Edit: So I did the math on FPGA profitability: If difficulty multiplies by 12.5 (same price on BTC and electricity) I have to shut the FPGAs off.
I'm real curious to know where the additional capacity is coming from.
Yeah, that makes 2 of us
With the price of Bitcoin constantly growing up, isn't "new" 25 BTC going to be equivalent to "old" 50 shortly?
Yeah! The price has skyrocketed from 12.30 a couple days ago to 12.55 as I type this.
[/sarcasm]
I wouldn't describe the price as "constantly going up" or skyrocketing.
The 2-day, 25 cent gain is hardly compensating for a halving of bitcoin mining income.
With the price of Bitcoin constantly growing up, isn't "new" 25 BTC going to be equivalent to "old" 50 shortly?
that's assuming that price is going to keep going up
With the price of Bitcoin constantly growing up, isn't "new" 25 BTC going to be equivalent to "old" 50 shortly?
It's cold, I'll probably keep my 2x 5850s running for a little bit longer.
I'm going to sell my Single in a couple weeks, someone else can trade it in towards a Single SC
and I'll buy a little single or jalapeno
I'm going to sell my Single in a couple weeks, someone else can trade it in towards a Single SC
and I'll buy a little single or jalapeno 
I turned off 6GH/s of miners the day of the reward drop. It won't be profitable to mine until a shitload of people stop mining or the ASICs come out and drop in price, in other words, a very long time from now.
I am turning off my least efficient rigs. I have 3 single card machines to shut down as they are no longer profitable. Half of mine would be unprofitable if the waste heat was not useful. The other half are BFL Singles and they will stay on until they are replaced by ASIC upgrades.
Using GPU processing power for heating my place right now. It's 24.5 inside (-10 outside) and there are no other heater than my two Pcs 
I still make around 0.25 bitcoin a day with around 1Gh/s so I guess it's not that bad.
I still make around 0.25 bitcoin a day with around 1Gh/s so I guess it's not that bad.
switched them to something else yesterday
I have fixed electricity costs (included in the rent) so I'm basically not even close to the quitting point. I will quit when ASIC's have arrived, then GPU mining is basically useless even with free electricity when you take into account the noise, wear and tear from running them and the decreasing resell value.
sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
I switched to mining Litecoin until the rest of my cards sell. I've been enjoying gaming again...these 7xxx series cards are excellent!
Never could mine. All I have is a CPU and an "Intel Graphics Accelerator HD" aka, useless mining stuff. I wanted to, but I can't afford it >_<, so yes, I am quitting, before I even started 
It won't be profitable to mine until a shitload of people stop mining
And that doesn't look like it is happening. I see reports of many Ghashes of capacity that have quit, and I see the stats going up for hashing done on some alts but there's no drop in the Thash/s mining Bitcoin:
- http://bitcoin.sipa.be/speed-lin-2k.png
I'm real curious to know where the additional capacity is coming from.
I turned off 6GH/s of miners the day of the reward drop. It won't be profitable to mine until a shitload of people stop mining or the ASICs come out and drop in price, in other words, a very long time from now.
I turned 3 rigs off. According to the bitcoin profitability calculator I would make little to nothing. One rig will be turned on again (sans video cards) when the ASICs arrive or I'll use Raspberry Pi's if that works out.
But I still want to support bitcoin so I setup a full bitcoin node today! :-)
-Wave
Running a full node on such a device would be low cost, a mildly interesting learning experience, and quite useful as well (I'd like to support bitcoin as well).
When you guys say run a "full bitcoin node", what do you mean exactly? Are you just running a Bitcoin client 24/7 or is there something else to it?
Thanks,
Sam
Different clients function differently, in order to send/receive bitcoins you do not need to be a node, or have the full blockchain.
In this context to be a "full bitcoin node" you need to have the Full BlockChain on your machine and be actively receiving and transmitting bitcoin transactions/block finds from many peers, assisting in dispersing blockchain information to as many people as fast as possible.
I perhaps make it sound complicated, but it can be as simple as you suggest, running a bitcoin client like Bitcoin-qt 24/7 on a machine that has open access to the internet (has an open port that isn't firewalled for listening for peers).
But I still want to support bitcoin so I setup a full bitcoin node today! :-)
-Wave
Running a full node on such a device would be low cost, a mildly interesting learning experience, and quite useful as well (I'd like to support bitcoin as well).
When you guys say run a "full bitcoin node", what do you mean exactly? Are you just running a Bitcoin client 24/7 or is there something else to it?
Thanks,
Sam
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