I just have a funny feeling that if bitcoin's price keeps falling and difficultly keeps rising that alot of miners including myself will stop mining and goto alt coins instead. The difficulty did drop recently but the price of Mining vs the cost of electricity to some that don't have it free will cause negative profits. I know I will get some hate posts or just be ignored, but I can just fell it coming. Also think this is caused by alot of businesses mining that have hug amounts of mining power. And no I don't do the solo thing I use p2pool but that's not the point.
Thats the reason why home mining is dead. Industrial get cheap electricity rate and they are the only one who will get the highest profit and can stay profits the longest...
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BoardBeginners & Help
Re: Cloud Mining - Please help a newbie
by
FlyForFun
on 09/12/2014, 15:15:19 UTC
Using hashnest and cex.io here...
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Topic
BoardOff-topic
Re: Best antivirus?
by
FlyForFun
on 09/12/2014, 14:53:51 UTC
Still using free avg antivirus, not the best but its free.
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BoardArchival
Re: Pictures of your mining rigs!
by
FlyForFun
on 09/12/2014, 14:50:35 UTC
I use aluminium sheet to reduce the noise (it is also 100% fire proof), just need to make sure it have good support so it doesn't make loud sounds especially when wind blow on it...
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BoardMining speculation
Re: The difficulty HAS BEEN REDUCED!!!!
by
FlyForFun
on 09/12/2014, 14:46:15 UTC
Hopefully the difficulty will last few more months. I am sick of seeing the difficulty halt for 2 weeks and jump even more then the last month added up.
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BoardSpeculation
Re: Bitcoin is dead? 350$ :(
by
FlyForFun
on 09/12/2014, 14:45:19 UTC
People sell Bitcoin for Christmas gift maybe and shopping?
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Topic
BoardSpeculation
Re: Mark Zuckerberg investing $100 million in Bitcoin
by
FlyForFun
on 09/12/2014, 14:44:12 UTC
This is going to be big if it really happens. But again, its speculation.
Buy some self activating fireballs. I have one on top of each of my metal wire racks, and also tempered glass between each shelf and miner to prevent one from killing them all. If the heat and fire actually spreads the fireball takes care of the shelf and the room.
What is a self activating fireballs?
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BoardOff-topic
Re: If forex bots lose, then shouldn't doing the exact opposite trades win?
by
FlyForFun
on 09/12/2014, 13:11:18 UTC
You forget about the spread for forex. On average, everyone including bot lose..
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BoardOff-topic
Re: Post your Total time logged into Bitcointalk
by
FlyForFun
on 09/12/2014, 13:08:58 UTC
Total time logged in: 21 hours and 56 minutes.
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Topic
BoardMining (Altcoins)
Re: Any good and cheap cloud mining service these days?
by
FlyForFun
on 09/12/2014, 13:05:48 UTC
hashnest.com is a good one. 0.00088 per GH/s currently.