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Re: Is mining still profitable and how much you need to mine with Antminer S9-13.5TH
Are you talking about KncMiner?
Yeah that was a disaster, at one point I was glad that there was a manufacturer right in the neighbour country but I'm glad that I stayed away after all and have bought mostly Bitmain and Canaan Creative (Avalon) gear.
No i was talking about https://products.butterflylabs.com
Another company that is no longer alive apparently. It used be back then people had to wait for pre-orders while the difficulty was jumping all the time. Can't believe how much crap people come up with whatever they do.
Is mining still profitable and how much you need to mine with Antminer S9-13.5TH
Hi Guys,
Is there still point in mining and how long will it take to mine 1 BTC with this device :
Antminer S9-13.5TH/s ....
I remember the times 2 years ago or so, when one company was selling miners but we had to wait for pre-orders which took forever to fulfill .. what was that company name ?
Is there still point in mining and how long will it take to mine 1 BTC with this device :
Antminer S9-13.5TH/s ....
I remember the times 2 years ago or so, when one company was selling miners but we had to wait for pre-orders which took forever to fulfill .. what was that company name ?
After said company Kraken rejected my MTGOX claim, for money never going beyond MTGOX's polish bank account, I am not willing to work with another Japanese bitcoin exchanger given how they handled the MTGOX claimant process. And WTF ? The so called mtgox bankruptcy "trustee" is now a bitcoin trader ? No thank you, not after seeing you give back only a small portion of all money that MTGOX stole.
I am done with bitcoin for other reasons too but, using an exchange that is located on the same continent and has a major court jurisdiction are the new requirements before signing up to bitcoin exchanges.
I am done with bitcoin for other reasons too but, using an exchange that is located on the same continent and has a major court jurisdiction are the new requirements before signing up to bitcoin exchanges.
But from what I gather the drop is due to the money printing that is going on. So we can expect the EUR to be dropping this year. Assuming the ECB keeps printing. I am thinking to turn some EUR into GBP asap.
Hope I am posting this in the right section.
Has anyone submitted a claim yet, and where are the forms ? They have an announcement that submitting should be done by November ( first batch ).
Has anyone submitted a claim yet, and where are the forms ? They have an announcement that submitting should be done by November ( first batch ).
how to buy in on Mtgox ,can I buy if only the price goes down to say 200 USD ?
It is little confusing the mtgox buy interface...
So if I want to buy bitcoins but only at the price of 200 usd ... do i use "Limit Order" and enter 200 in the "Spend" field ?
So if I want to buy bitcoins but only at the price of 200 usd ... do i use "Limit Order" and enter 200 in the "Spend" field ?
Mtgox , are they receiving EUR transfers in the current situation ?
Mtgox , are they receiving EUR transfers in the current situation ?
Also how long realistically would a EUR transfer from inside EUROPE transfer to the Mtgox account ?
Also how long realistically would a EUR transfer from inside EUROPE transfer to the Mtgox account ?
If you're looking for an immediately positive ROI in USD, then BTC mining is probably not going to make you very happy. Lots of us have crunched the numbers, and this is where the highly speculative nature of bitcoin mining comes in. By using current metrics, you will find most hardware to me a losing bet. Except for the KNC, as they have had great success with providing profitable machines for their customers. If you visit forum.kncminer.com you will find a thread of people willing to share their experiences, and quite a few are doing very well. But, people conduct their business differently and small decisions make a big impact down the line... so not everyone is profitable for various reasons.
KNC is the only mining product worth buying imho.
For myself, I've got a first batch Neptune on order because I am making the bet that the BTC I mine will explode in value over the next few years. I do NOT plan to sell all my BTC immediately to recover my investment, as the 13,000 USD it cost me was gambling money. So, I'm gambling with it! The real gamble comes in the waiting game. Nobody knows what the future holds for bitcoin. I am optimistic, and believe its value will eventually cap out in the hundreds of thousands of USD, or even as high as a million. The time it will take for that to happen is unknown, and many individuals will sell their bitcoin for peanuts to recover their investments so they can brag on message boards how they "reached positive ROI." These profits are trivial. I have no desire to make 5 grand, thats not a worthwhile return for me. I find the involvement in and survival of the bitcoin ecosystem to be the most valuable payout in the long run, and in the mean time if I am able to create a retirement for myself or wealth for my family that's icing on the cake.
What everyone involved in this game should understand is how much what we are doing now will affect the future of our civilization. If you change the way in which you qualify success to be beyond cashing a specific % ROI, and instead look at it in terms of what society will look like in 50 years then perhaps people will make better decisions and will help propel us forward toward a world of truly equal opportunity and a more even distribution of wealth.
Reassess how you will determine success. It should not be in USD. It should be in BTC.
KNC is the only mining product worth buying imho.
For myself, I've got a first batch Neptune on order because I am making the bet that the BTC I mine will explode in value over the next few years. I do NOT plan to sell all my BTC immediately to recover my investment, as the 13,000 USD it cost me was gambling money. So, I'm gambling with it! The real gamble comes in the waiting game. Nobody knows what the future holds for bitcoin. I am optimistic, and believe its value will eventually cap out in the hundreds of thousands of USD, or even as high as a million. The time it will take for that to happen is unknown, and many individuals will sell their bitcoin for peanuts to recover their investments so they can brag on message boards how they "reached positive ROI." These profits are trivial. I have no desire to make 5 grand, thats not a worthwhile return for me. I find the involvement in and survival of the bitcoin ecosystem to be the most valuable payout in the long run, and in the mean time if I am able to create a retirement for myself or wealth for my family that's icing on the cake.
What everyone involved in this game should understand is how much what we are doing now will affect the future of our civilization. If you change the way in which you qualify success to be beyond cashing a specific % ROI, and instead look at it in terms of what society will look like in 50 years then perhaps people will make better decisions and will help propel us forward toward a world of truly equal opportunity and a more even distribution of wealth.
Reassess how you will determine success. It should not be in USD. It should be in BTC.
OFFTOPIC.
That is a good speech and sorry for not reading it thoroughly but BTC is not the "fair" money creation that people need, it is only a profit system, which doesn't address any of the greed or other negative energy issues that are present in society. It is already centralizing, and due to its direct trade to USD ensures, control passes on to the bankers.
And it doesn't matter they just create BTC duplicates, as long as it is connected to USD, and as long as you have averagely informed people ( like what I was before i started learning bout BTC ) the slavery system just lives on BTC and the likes are nothing more but the small piece of chocolate, the public will get, to ease their transition to digital only slavery system.
I suggested the FIXXCOIN approach.
Look for video on youtube on that ( if you can be bothered
)Quote
I agree, don't buy from BFL ... but people obviously still do for some reason. Wonder how many have made profits?
That is what I was wondering, did everybody get the 5 GH devices from their orders of up to year ago ?
Those that did, how many got their money back and what level of profit they made ?
The more opinions, the truth cannot hide.
The Bitcoin Game has moved from geeks to: wealthy ppl, banksters and gov.
The game was with the early adopters, the geeks.
Now has moved to the bankers and government, with recent reports reporting that gov has the largest wallet, plus they can just buy the whole of bitcoin since they can print all the money they want.
That is why the price of the devices is high currently. IT IS NOT FOR ME AND YOU. BUT for newbiews with at least few hundred thousand $$$ and up to gov and banksters.
I don't understand why we people are such a fackups. Always have to fack up all good ideas.
Connect to me if you want via
facefixxi.
Now has moved to the bankers and government, with recent reports reporting that gov has the largest wallet, plus they can just buy the whole of bitcoin since they can print all the money they want.
That is why the price of the devices is high currently. IT IS NOT FOR ME AND YOU. BUT for newbiews with at least few hundred thousand $$$ and up to gov and banksters.
I don't understand why we people are such a fackups. Always have to fack up all good ideas.
Connect to me if you want via
facefixxi.
REPLIED to the thread with a new thread below :
https://bitcointalk.org/index.php?topic=385673.new#new
https://bitcointalk.org/index.php?topic=385673.new#new
So can someone confirm what this has come to.....
Butterfly have a claimed instant delivery on a 50 GH device.
According to this calculator that is like 10 USD per day ... ( http://www.bitcoinx.com/profit/ )
That means you will never break even with that device.
So looks like one should be looking at 1 TH at least ( just a guess )... otherwise I see no point ...
Butterfly have a claimed instant delivery on a 50 GH device.
According to this calculator that is like 10 USD per day ... ( http://www.bitcoinx.com/profit/ )
That means you will never break even with that device.
So looks like one should be looking at 1 TH at least ( just a guess )... otherwise I see no point ...
Received one question regarding payments. Here is answer.
Payments only come from successful sales and you and me share about 50 / 50 of those.
The pricing of the service will depend on your level of knowledge and quality of "bitcoin updadtes" .
I am considering with working with a few of you, including one that has only a "starter knowledge". What I care about though is that there is underlying thinking and/or experience behind your advice. This will decide pricing, you can suggest it too.
Also there is no cheating on Fixxi. i.e subscribers get cancellation and performance guarantees, therefore you may be challenged that you know what you are talking about, and not just getting high and scribbling stuff. Hope you understand what I mean. I do not mean to boss anyone, all I am saying is Fixxi is a fairness platform. Simples.
Payments only come from successful sales and you and me share about 50 / 50 of those.
The pricing of the service will depend on your level of knowledge and quality of "bitcoin updadtes" .
I am considering with working with a few of you, including one that has only a "starter knowledge". What I care about though is that there is underlying thinking and/or experience behind your advice. This will decide pricing, you can suggest it too.
Also there is no cheating on Fixxi. i.e subscribers get cancellation and performance guarantees, therefore you may be challenged that you know what you are talking about, and not just getting high and scribbling stuff. Hope you understand what I mean. I do not mean to boss anyone, all I am saying is Fixxi is a fairness platform. Simples.
Sorry to admins if posting this in the wrong place.
It is me again.
I am looking for someone who tracks the market and is able to offer with me "Bitcoin watch" service.
Basically you will watch the bitcoin market ( so no new worksets for some of you ? ) and you will provide probably weekly ( or every three days ) suggestions on whether to buy or sell. The suggestions will be given to me and then distributed by me to Fixxi service subscribers.
This service is for people who have no time to read bitcointalk
every day.Fixxi will manage completely prices, percentages and distribution. Your job is to PROVIDE QUALITY assessments. Almost Max level. For all agreements you can check fixxi.net/community
All conditions are already in place and you can begin with me immediately. NOTE: There are no subscribers to this service yet, so payments will be per results when and if we get subscribers.
Facebook me at facefixxi for more info.
Truth is nobody knows. Whatever you do, don't listen to anybody on this forum.
haha LOL to this comment.