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Topic: Why do people waste money on useless things for mining? - page 3. (Read 13154 times)

donator
Activity: 90
Merit: 10
Im a bit new to mining but let me say ive been seeing alot of people buy stupid things you dont need for mining... correct me if im wrong.

Rasberry pi= i see videos and pictures of people buying these things that cost around 60 bucks and they just run 4 block erupters on them... just use a usb hub you guys have computers right? waste of money unless your running a big rig of usb asics

Buying overpriced usb block erupters= ive been seeing this on the web alot stores like bitcoinrigs.org or ebay selling block erupters for 35$, 50$ even 65$ each! and people are buying them! Go on amazon they sell block erupters brand new sealed for 18-20 a piece and btcguild sells them for .18 btc and when you buy them you get coupons for them .03 btc off...

GPU= Gpu mining is basically outdated now pretty much. along with the high prices of a gpu that cost 500$ and runs at 300 mh/s


please stop wasting your money, money is valuable i cry everytime i see these things  Cry whishing i had that much money to spendBTC

Here is my perspective:

As for the raspberry pi, well it uses a lot less electricity compared to my gaming laptop.  Heck, just the power supply for my laptop is as big as 6 raspberry pi's.

As for the block eruptors, well people are willing to pay what they pay because of the value they perceive.  Remember, this value doesn't have to be counted just in terms of money returned from mining.  For some, perhaps it is the ease with which a vendor/reseller makes the process that justifies the added expense. For others, they might do it to support their favorite pool.  At this stage, I think the majority of the people buying ASIC Miner block eruptors are doing so either for fun or educational purposes.  When it comes to fun and learning, most of us have a hard time not wasting money when we have it.

As for the GPUs, I keep mine for two reasons.  The first is to support alt coins in the hope that they will be a source of future innovation in the cryptocurrency space.  The second, is just in case bitcoin ever did have to move away from sha256 on to something like scrypt.  I'd want to be ready.   

legendary
Activity: 1274
Merit: 1000
I had 60+ GPU systems mining, I had Samsung SATA SSD drives for all my miners. Never had one fail either.

Does that count as wasting money?

full member
Activity: 224
Merit: 100
Im a bit new to mining but let me say ive been seeing alot of people buy stupid things you dont need for mining... correct me if im wrong.

Rasberry pi= i see videos and pictures of people buying these things that cost around 60 bucks and they just run 4 block erupters on them... just use a usb hub you guys have computers right? waste of money unless your running a big rig of usb asics

Buying overpriced usb block erupters= ive been seeing this on the web alot stores like bitcoinrigs.org or ebay selling block erupters for 35$, 50$ even 65$ each! and people are buying them! Go on amazon they sell block erupters brand new sealed for 18-20 a piece and btcguild sells them for .18 btc and when you buy them you get coupons for them .03 btc off...

GPU= Gpu mining is basically outdated now pretty much. along with the high prices of a gpu that cost 500$ and runs at 300 mh/s


please stop wasting your money, money is valuable i cry everytime i see these things  Cry whishing i had that much money to spendBTC

Why would you care? More people mining, no matter what they pay is a good thing. Do you complain when people buy expensive clothes or waste money on movie tickets instead of waiting for the DVD release? Pointless.
sr. member
Activity: 252
Merit: 250
ok gpu mining is $200 for 630 hash. which is the only thing that can mine alt coins. rasp i is all about electricity cost less to run one than a pc.
newbie
Activity: 7
Merit: 0
Im a bit new to mining but let me say ive been seeing alot of people buy stupid things you dont need for mining... correct me if im wrong.

Rasberry pi= i see videos and pictures of people buying these things that cost around 60 bucks and they just run 4 block erupters on them... just use a usb hub you guys have computers right? waste of money unless your running a big rig of usb asics

Buying overpriced usb block erupters= ive been seeing this on the web alot stores like bitcoinrigs.org or ebay selling block erupters for 35$, 50$ even 65$ each! and people are buying them! Go on amazon they sell block erupters brand new sealed for 18-20 a piece and btcguild sells them for .18 btc and when you buy them you get coupons for them .03 btc off...

GPU= Gpu mining is basically outdated now pretty much. along with the high prices of a gpu that cost 500$ and runs at 300 mh/s


please stop wasting your money, money is valuable i cry everytime i see these things  Cry whishing i had that much money to spendBTC
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