Quote from: X7 on August 14, 2014, 04:32:56 PM

Quote from: orcanice on August 13, 2014, 06:25:29 PM

So im out of the mining game.

Getting asics importet from china is too expensive -.-
Electricity is too expensive in my country 0.14$/kwh -.-
and my block erupters isnt making me anything.

this game have only been a waste of money so far.

GL on your mining guys

dont make the same mistakes as i did.

I feel you bro - had to shut down and relocate our operation to a cheaper country.
The big corporations are making it difficult to keep this thing in the decentralized hands of the masses.

How are we going to compete with these 11 MegaWatt facilities CoinTerra and MegaBigPower are rolling out?
It is far far far cheaper to buy the BTC at this current value than to mine anything - unless you are doing it for philanthropic reasons. Probably best you get out before you blink and see the difficulty at 30Billion

That's exactly my question, I'm new to bitcoins but I saw the video on MBP datacenter in Washington. Are they still making $USD8million a month profit? Is there a formula that shows how and when (at what investment level) that a profit can start to be made? Feel free to answer here or PM me, I'm looking to learn about this. So far it seems to me that only the manufacturers win because they mine for 6-12 months on their new equipment while "testing" it in pools of at least 100 servers, then when those servers get too slow for the formula they finally ship them to end customers. Do I have it right so far in my conclusions? So to make any profit at this you have to be the manufacturer of your own ASIC cards and get each server for about $500-$900 total cost.