Can somebody sum up this situation in layman's terms ? I don't get it how/why this coin got destroyed, or by whom interests.

We all know what happens when they start "testing" those on the network.

Not worth the investment, for most people.

99% of people owning altcoins, premine it, then pump it and hope it goes to a trader, then dump it. The Yukon Gold rush 2.0

The other 1% have noble intentions but mainly fail. Then there is litecoin.

Bitcoin is the only one, you can be the saffest on betting. If it crashes, all the other coins crash along with it it seems.

If I want to mine bitcoin and make transaction in bitcoin to whoever is willing to accept them, no government whatsoever as any power on me or the other person involved.

It's like wanting to tax someone for trading a potatoe for a cabbage.

what about heating ?

Can someone share the cgminer config ?

That's low

I just realized that the pool is down for long now, had the miner doing work since Friday and didn't really check it.

When is the pool back up ?

To the person from Norway:

How much VAT can I expect to pay also ? I've moved to Norway recently and didn't order anything from outside the country because I simply don't know what kind of taxes could I face.

So many naysayers and yet the orders are skyrocketing

So many early miners got rich with what can now be considered laughable mining hardware.

It's amazing

The bare minimum investment that has the potential to turn in a big profit so you can grow your mining operation exponentially bigger over time, tops at hundreds of thousands of dollars.

Even if you want to start low, your option is the pricey 10~15k miners, which won't give you enough profit to buy a new beefier miner when yours turns into the red zone of profit/powercost

Which pools do you recomend ?

Poolerino could be awesome, but without being able to login, for me it is the absolute worst.

English is not my 1st language, but don't you mean sexy lingerie lol.

Sexy laundry, is how the sexy lingerie looks after the... 

Sorry for the off topic

For the most I try, I don't understand how these businesses make money.

You've got the gold buried, and the shovel in your hands. So you rent the shovel ? Wtf ?

currently one of the 9 miners.

enGaRJLezrU5Q7tWUXR5YLY4HkSbuEGsa4

I dare to say I'm the one with the crappiest set up

I'm not in no way, of possession of the credentials to give the OP's the reply he wants, but I've once seen Liquid Nitrogen cooling solution, which was actually a small flat chamber with the liquid trapped inside, which was serving as a "floor" for us to step over. To keep it cool at the lowest cost I believe that a magnetic cooling system was set up (don't clearly remember the occasion).

 It was serving as cooling solution for chemical reactors though, not sure if such technology applies to this case.

A quick search on google points me to this on first link: http://en.wikipedia.org/wiki/Magnetic_refrigeration

Have no idea about the costs

Happy new year

Edit: The Lab was located at University of Algarve in Portugal, department of Physics and Chemistry
https://www.ualg.pt/home/en

I know I'm missing something really obvious, but according to calculators, a 550 GHS miner will produce ~$5219.66 a month.

10 btc ~ $8000

Even with difficulty going up of course, how is this a bad business ?

I'm always late to the party.

Now mining and wallet is syncing.

Looks promising

NO TO GAMBLING AND A HAPPY NEW YEAR TO ALL

enGaRJLezrU5Q7tWUXR5YLY4HkSbuEGsa4

pokemanz coin. Gotta mine 'em all.

 

1KR5QV11CXmTZrDCtH92aa4QStZDDDxhdi

I don't know exactly what I'm doing but, I'm just following the cryptosheep 

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