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Re: 🔸3M [BOUNTY]🔸 [TGE] JWC BLOCKCHAIN VENTURES 🚀 PLATFORM FOR VC INVESTING 🚀
Tweets/Retweets
1. https://twitter.com/bit802346/status/957926137996431361
2. https://twitter.com/bit802346/status/958406173258076165
3. https://twitter.com/bit802346/status/958682390125166592
4. https://twitter.com/bit802346/status/959079413005606918
5. https://twitter.com/bit802346/status/959431187705065473
6. https://twitter.com/bit802346/status/959856741025505281
1. https://twitter.com/bit802346/status/957926137996431361
2. https://twitter.com/bit802346/status/958406173258076165
3. https://twitter.com/bit802346/status/958682390125166592
4. https://twitter.com/bit802346/status/959079413005606918
5. https://twitter.com/bit802346/status/959431187705065473
6. https://twitter.com/bit802346/status/959856741025505281
Re: [9000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
Why do you think anyone on this thread cares about your personal conversation?
If Peckerete engaged in a meaningful manner it would have been a great conversation with implications for all. Hard numbers and statistics vs a different school of thought. Two people spend spend $1,000 on a rig, $300 in electricity, to earn $500 worth of BTC. The first person looks at the charts for the last four years and knows the costs, risks of that BTC losing 90% in a day if the system collapses, but sees a slim chance BTC will ever trade over $500 again and goes for the ride. Then you have have Peckerete stating you have to "believe in the system to get rich!" If I can prevent one person from falling for that hyperbole it is a good day.
Re: [9000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
This is everyone own opinion. My thought though.... you could make a living off of BTC mining it all depends on your setup and all
I correct myself in that I have visited or worked in countries where electricity is free to homes. There a profit can be made. Here in the states, no such luck, it is expensive to the point where mining BTC is no longer profitable with difficulty levels since early 2014.
Re: [9000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
for all you people new to bitcoin mining, it all evens out over time.
is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
Have faith? Is this a cult now? There are no good reasons to believe BTC will rise much at all now. The "gold rush" days are long gone, I made mine with a farm of 10 gigahash Block Eruptor blades. Back when difficulty was less than the average jump this year. Since then any gear costs more than it makes before you pay for electricity, any money made in this years gold rush is by those selling you the shovels. Back to BTC, companies like Coinbase are doing a great job making it easier for merchants and consumers alike to use BTC. To a certain extent if more people use BTC as currency that will create downward pressure on its value. If there is a huge swing to using it as currency creating more demand than what is available, of course that will cause an increase in BTC value. It will also create demand for a "new and improved!" product and BTC will collapse. Like My Space did with Facebook. Yeah...keep up the faith.
Re: [9000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
Has anybody seen what's been happening to the BTC price lately? Yikes!!
Does anyone have any theories as to why this is happening?
Does anyone have any theories as to why this is happening?
Was a bunch of sell offs today, it had gotten down to 338 but seems to be holding around 350 lately. Biggest question is "how low will it go" ?
I've been involved in BTC almost since its beginning and can make a somewhat educated guess that 1 BTC will trade at less than $100 in about two months time. The speculation bubble has burst and everyone is selling. And also companies like Coinbase are making great strides in getting people to actually use BTC as currency which also applies downward pressure on value. Even the next diff jump has the possibility of being a negative move as the large mining centers appear to be scaling back growth or even shutting down some miners.
Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
If you are on a budget HERE is the miner for you...
https://asicpuppy.com/magentoPuppy/index.php/rockminer-new-r-box-100-110gh-s-110-120-watts.html
https://asicpuppy.com/magentoPuppy/index.php/rockminer-new-r-box-100-110gh-s-110-120-watts.html
That's a loser right out of the box, negative ROI forever...
Put the figures into any calculator.
That is true for any mining hardware currently for sale. Last I knew 1 TB units were $1,500, I see an 800 gh/s unit for about $400 and get all excited....Hmmm, but like you ran the calculator and with difficulty doubled since I powered down my asic erupter farm...sadly, since the beginning of the year any hardware purchase, only the people selling the tools are striking gold.
Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
^ If you could only bottle that first time feeling of mining!!!! Welcome to the Bitcoin Revolution!!!!
Until you realize you are spending more in electricity than you are earning with mining and that bottle shatters.
Re: [4000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
The latest difficulty rise is about 25% to 16818461371
Cheers
Cheers
And the next will likely be another 25%. The independent miner days are almost over.
Re: [4000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.
some more such increases and i have to sell my S1 Antminers
damn electricity prices.
dude! haven't you seen what is still to be delivered? network hash rate will probably double by the end of summer.
I retired 18 Erupter Blades a few weeks ago and my S1's will no longer be profitable soon as well. The blades were running since September of last year and did well, the S1's covered their cost and just a little over. It makes me wonder how the guys who spent >$2,000 on terrahash units will be doing in a couple of months, do you think they'll manage to recover 50% of cost before they are fully depreciated?
Are you looking to sell any of them? Electricity doesn't cost me a thing so I might be interested.
I dumped them all on eBay. I paired them standing them up in an old ATX motherboard with a 350 watt power supply for each pair, advertising them as Bitcoin Starter Kits. All nine pairs went with Buy It Now purchases in 24 hours. Suckers...
Even if electricity is free your time is not, and I don't know about anyone else but a pair of these takes too much attention to run for a month and earn a measly 0.01 at the next jump.Re: [4000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
WTF? Diff Increase 30%?
some more such increases and i have to sell my S1 Antminers
damn electricity prices.
some more such increases and i have to sell my S1 Antminers
damn electricity prices.
dude! haven't you seen what is still to be delivered? network hash rate will probably double by the end of summer.
I retired 18 Erupter Blades a few weeks ago and my S1's will no longer be profitable soon as well. The blades were running since September of last year and did well, the S1's covered their cost and just a little over. It makes me wonder how the guys who spent >$2,000 on terrahash units will be doing in a couple of months, do you think they'll manage to recover 50% of cost before they are fully depreciated?
Re: [4000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
My question has still not been answered. I think I will take it over to the Bitcoin thread.
All I wanted to know was what percentage the difficulty increased.
Plain and simple.
Didn't need all the other stuff but thanks, I guess.
So, if anyone has the answer to my very basic question, that would be sweet.
Otherwise, yeah...happy mining.
All I wanted to know was what percentage the difficulty increased.
Plain and simple.
Didn't need all the other stuff but thanks, I guess.
So, if anyone has the answer to my very basic question, that would be sweet.
Otherwise, yeah...happy mining.
https://bitcoinwisdom.com/bitcoin/difficulty
scroll down - you will see % increases over time...
[edit] or you could work on your basic google search ability - "bitcoin difficulty increases" -
Phat! Next jump estimate is now at 23%. I noticed Antminer S1's are in the low $200 range now on ebay. F-that, those will be lucky to return $100 between now and when they cost more to run than produce.
"The sky is falling!"
http://arstechnica.com/security/2014/06/bitcoin-security-guarantee-shattered-by-anonymous-miner-with-51-network-power/
http://arstechnica.com/security/2014/06/bitcoin-security-guarantee-shattered-by-anonymous-miner-with-51-network-power/
old news of falling skies!
Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.
Re: [2000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
Interesting reading.....
http://www.foxnews.com/tech/2014/06/10/nsf-suspends-researcher-who-misused-supercomputers-to-mine-bitcoins/?intcmp=latestnews
http://www.foxnews.com/tech/2014/06/10/nsf-suspends-researcher-who-misused-supercomputers-to-mine-bitcoins/?intcmp=latestnews
Interesting, thanks for the link. But not surprising. I work as a senior network engineer for a company that manages 1,000's of servers worldwide with a product called Labtech. I was tempted myself to script out commands to run GPU and CPU mining during early morning local times for a few hours that would have gone unnoticed.
Re: [2000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
I started mining on this pool just a few weeks ago, but, whats the avg earning / day for 200 GH/s for example?(1 antminer S1).
For example, one day i earned around 8 , another 10, another maybe 5... it depends always on the blocks of course... sometimes a block is found with just mins or 1 hour, and sometimes you have to wait 17 hours xDD
For example, one day i earned around 8 , another 10, another maybe 5... it depends always on the blocks of course... sometimes a block is found with just mins or 1 hour, and sometimes you have to wait 17 hours xDD
That question is the intrigue of The Great and Mighty SLUSH POOL. Since Slush is not the biggest fish in the sea, there is no "average day" and therefore, no "average earning / day". On the rare day, we may feel lucky to get 1 block resolved, and then on another we may be so blessed as to get 10 or more blocks resolved. These past few days have been wonderful, and that is why I mine SLUSH. I find it boring to sit back knowing that every hour, we would find a block and that being part of a "super sized" pool, each and every participant would receive his tiny share of the reward, but the consistency would be there at at the end of the month or the end of the three month cycle I would find "X" bitcoin in my wallet. With SLUSH, we may have a slow day with 1 block, and the next day we may have a very exciting rush of blocks. Ultimately, and "on average", at the end of the month I would find that same number of Bitcoin in my wallet, but the "roller coaster ride" made it all worth the drama and excitement of mining with SLUSH. Typically any of the Bitcoin Calculators will tell you what to "expect" to earn in a given month. If you work with a "super sized" pool, you'll find that estimation to be fairly close. If you work with a less than "super sized" pool, you'll find that estimation to be fairly close. The way that I look at it is, do I want to be bored while waiting for my Bitcocin bank to build, or do I want DRAMA, and Excitement, and a bit of misery along the path to the bank, and every time, I choose SLUSH. Ride the roller coaster!
I ran a 7-week experiment starting in 11/2013 where I pointed 1/2 of my hashing power to BTC Guild. I earned almost exactly the same but just a little more here. Granted that is an unscientific experiment but it was to silence a current and any future whiner. And I am glad to see you get some excitement out of being here but I was here to earn cash. My old farm of block erupter blades and cubes are no longer generating what they cost to run in electricity costs and today is possibly their last day running as I consider shutting them down. Any new mining equipment these days is priced too high vs difficulty pushing it to obsolescence in weeks, anything even close to ROI is impossible. Even as an enjoyable hobby I'm not spending $1,000 to return $100.
Re: [2000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
Anybody else notice the huge increase in the pool's hashing power? Seems as just a week or so ago the (23) 2330126.426 Ghash/s was 18.
Asics are cheap these days! My average round payout has decreased a tad in the last week.
Sure, many older units are dirt cheap now. But the ASICMiner Block Erupter Blade cluster I started in Sept. of last year is barely earning its cost in electricity to run them today. Do the math, anyone, on cost of any miner and postulate a 10% increase in difficulty each jump. Is there anything out there that has any hope of breaking even?
Re: [2000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
Difficulty increased by 18% to 10455720138. Crank that handle a bit harder....
I was considering shutting down my erupter blades after that last jump but see BTC to USD is on the rise. Maybe one more jump...