Quote from: Pecker on February 20, 2018, 05:14:37 PM

Quote from: fjtropepe on February 20, 2018, 02:06:32 PM

Quote from: Biffa on February 20, 2018, 12:50:05 PM

Quote from: fjtropepe on February 20, 2018, 12:15:46 PM

My calculations are the same. This pool needs to hit 8 blocks a month for the payout to be more. 1.1% is a big difference if you are making a fixed amount per month but that is not the case. I understand we look back at the history but what history doesnt take into account is the amount of new hashing power that has come online and will continue to drive the difficulty to the moon. We need to promote the crap out of this pool and start now. It is the BEST pool here hands down but we are not going to win anymore miners here until WE step up and make it happen. When it becomes unaffordable for the larger miners to mine here, they will slowly leave too. It is more than just money to some but eventually everyone will have a breaking point for one reason or another. I love this pool and you guys are the best but we need to get off our asses and come up with a solution.

Its not about getting more miners to mine at this pool, what should be happening is you and everyone already on the pool should be buying more hardware to keep up with the difficulty, getting the rest of the pool bigger but staying the same yourself means you will just get smaller and smaller rewards.

Instead of spending time trying to get more miners, spend some money and get more hardware yourself. This isn't something new its something everyone has had to do since mining began.

If we all had the money to double our mining operations we wouldnt be having this discussion. Essentially, since December, each and everyone one of us would have had to double their operation. I am out of power at my home. I can not add anything more. So while your statement in theory is the correct approach, real world application is not possible for some. I am currently setting up a mining facility to do just that and have 3 partners also included in the effort. Together we have purchased 100 additional S9s on the March batch. I understand what you are saying and I am in agreement and also actively doing something about it but that solution is not as easily implemented in the real world as it is on paper.

Well here is a good example of what not to do, lol

I got into mining in late December 2017, and yes I overpaid and bought the miners thru ebay... before prices started falling on mining equipment and bitcoin. (You know FOMO fear of missing out)

So I paid a high premium to get in... (not real smart I know but i was naive)

Looking back, I'd have been better off spending that money on purchasing bitcoin (assuming I could have hit the low end of the market which I doubt would have happened)... probably could have 2 bitcoin or more if I'd timed it right

It is what it is now though and keep on mining!

But unless the new miners get dirt cheap, or we see a drastic increase in hash power with new machines coming on board, I can't afford to add more miners when I'm not making any money anyway. Now understand I am not trying to pull any money out from this venture, just let it set and build a nestegg for 5-10 years down the line when I decide to retire.

If it were not for free electricity and me having the cash to invest, I'd be screwed. But I've also learned a lot (still learning) about mining and bitcoin.

One thing is for sure, mining is not for the faint of heart!!

Thanks to Kano and to all of you for this Forum and all your help and hard work!

in the crypto space, you cannot be short-term results oriented, otherwise the swings will destroy you.

you need to answer one fundamental question to yourself and that is: why did i get into crypto, or specifically bitcoin, in the first place? for me, once i managed to answer the question for myself, i was able to make a commitment in investing a substantial amount of time and money. the actual amount is not a finite figure but relative to my means.

i'm turning my back to a quite lucrative estate business to be in this space, because i'm just too tired and fed-up of the current world and climate, and all the bs that this business represents.

the current price of bitcoin is a distraction. weather it surges or plummets 80% tomorrow, my reaction should be pretty much the same, and it actually is. why is that? because i am reminded by my version of the answer to the question. do i want to be involved in bitcoin for the immediate dollar gain and feel like an investment genius, or for the potential role it may play in our lives 5, 10 years from now, or even more?

that is the only justified speculation... i.e. the off-chance that bitcoin (or some form of crypto) may actually save us in the end...... how it gets there, is irrelevant.