Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
Este Nuno
on 06/10/2014, 21:45:08 UTC
@tdokta - cool, well done! I know you had electricity supply issues, as do I when my wife sees the bills! (Naturally, I pay the mining element of these but doesn't stop 'the look'!)


Hi Andronicus.  After I made that post, I had a bit of a think about it and realised I was probably helping myself more than the coin and other miners (as you rightly mention).  So, I've now parked my miners on BTM for better or worse Smiley  You can see me on xhash as ben96c - it's a long story why I mine under that name!!

@johndec2 Thank you - yours and @melvster's responses are an intelligent appraisal of the current yo-yo mining effect. Furthermore, your method for collecting a greater quantity of BTM than straight mining is also a perfectly pragmatic approach, for your desired outcome and not for me to criticise.

However, my simple outlook is that if all miners adopted the same approach, the yo-yo effect would be even worse. It is the consistent miners, like myself, who confirm the currency at high difficulties that you have mined at low difficulty and support the network whilst other miners switch to more easily obtained currencies and perhaps trade them to BTM.


better or worse, you will see us in xhash too, also in the process of upgrade of machines, soon to point at least a gig once once operating efficiently. we have to upgrade electricity lines to our facility, which is taking a little more time than expected, almost there. Smiley

yup had that "look" a few times from others that share in the power bill, although always covered. just increased to 800mhs, soon to push through further as the supply lines increase. we have had to get 41kva transformer installed to the facility, plus new 3phase system in the pipeline. once set up looking at around 30kw of energy use ... sort of mind boggling as i can see how much we are using, and the workers that are running 30ghs wow, the numbers of machines that are running there, its almost lunacy ...


Wow!

That is insane. Quite the operation you have going there. Smiley

Sounds like a fun project.