Why do I love Bitcoin and What do I plan to do with your half Bitcoin if you win this contest
1- I love bitcoin because it changes my life and it opens my eyes to a hole new universe of technology and non censorship, my life now gravitate around bitcoin I have a YouTube Channelcalled BitcoinSproutClub where I educate people about Bitcoin and the crypto space, yeh its my life ;) 2- I plan to day trade 0.1 BTC VS Altcoins on bittrex to get more bitcoin with 50 positions if you do the math a position will be worth 0.002 BTC. And I am going to hodl 0.4 BTC and start selling 0.1 at 100 000 USD and another 0.1 at 400 000 USD and another 0.2 at 800 000 that's the plan yeh its crazy but if you think about it, it is not peace
Dont forget you can find around new Firmware for example for Z9/Z11 Efudd Firmware,and Hive OS firmwares which can Overclock S9/S15/S17 or Underclock (if your electriciy fee are too expensive), for example my S17 Pro I switched to new firmware (Hive OS) to 36Th/s with 900 Watts power gives me a 2.90 usd/day profit without electricity of course, for Z11 Overclocking without changing PSU from 135 to 150-160Ko/sol. I calculated everything on the basis of 0.15 cens Kw / h. Brand New Miner coming out: ASICminer Zeon Turbo 400,000 Sol/s Equihash Most Profitable Miner in the World. ASICminer Daily Revenue: $27 $16 (less 0.15 Kw/h fee) ASICminer Power Consumption: 2500W asicminer dot co/shop (Factory)
Am I on the right track and where to go from here?
Recently I discovered bitcoins and I have done the following in the past 48 hours:
Downloaded the bitcoin client and gotten it synced (this took about 16 hours).
Downloaded GUIMiner and joined Slush's pool, my computer pulls off ~200Mhash/s
I live in a fairly rural part of the US and there are still businesses that ask "What's that?" when you ask if they have WiFi -- let alone asking if they'd accept bitcoin. I understand the importance bitcoin could have in the future and I agree with what it represents but what could I really do from here?
Bitcoin Mining Hash Rate Plummets To 35 EH/s, Increasing Centralization Of Bitcoin Mining
https://preview.redd.it/7qe13wsg3yz11.jpg?width=600&format=pjpg&auto=webp&s=cdb3cb372c118e1bde3b75332739ab61ca868e21 http://genesisblocknews.com/bitcoin-mining-hash-rate-plummets-to-35-eh-s-increasing-centralization-of-bitcoin-mining/ The Bitcoin mining hash rate had been exponentially increasing from 2009 through August 2018, from MH/s, to GH/s, to TH/s, to PH/s, and now EH/s. The all-time record high for Bitcoin’s mining hash rate was 62 EH/s on 26 August 2018. After that point the trend broke, and Bitcoin’s mining hash rate plateaued. This was due to a combination of two factors. First, the Bitcoin bear market brought Bitcoin’s price down from USD 20,000 to about USD 6,500, making mining much less profitable. Second, Bitcoin’s mining difficulty had been rapidly rising despite the bear market, as all the new hash power came online. The end result was there was no more room to profitably add hashing power to the Bitcoin network. It was thought that Bitcoin’s support level was solidly at USD 5,800, but that paradigm broke when Bitcoin Cash forked, the Securities and Exchange Commission began to launch catastrophic civil penalties against initial coin offerings (ICOs), and the launch of physical Bitcoin futures on Bakkt was delayed. This trifecta of extremely bad news within 1 week has brought Bitcoin’s price down to USD 4,400. This unexpected crash in Bitcoin’s price has been destructive for the mining industry. Many mining farms were right at the break even point, or perhaps even losing some money, but expecting Bitcoin to go up in the near future so they kept mining. Now Bitcoin’s hash rate has plummeted to 35 EH/s, implicitly indicating about 25 EH/s of Bitcoin mining rigs have been taken offline since they are no longer profitable due to electricity costs. This represents billions of USD of Bitcoin mining equipment going to complete waste, since Bitcoin mining rigs have no real use besides mining Bitcoin. The events unfolding in the Bitcoin mining space could spell doom for mining rig manufacturers. Now the market for rigs is completely over-saturated, and any demand for rigs has probably dried up. Mining rig manufacturers could perhaps rectify this by rapidly developing cutting-edge technology, like what Bitmain did when they recently released 7 nm rigs. Speaking of Bitmain, no matter how good their technology is, unless Bitcoin’s price rises soon they are going to experience their lowest sales numbers in history. There is a chance this will throttle their attempt at an initial public offering (IPO) on the Hong Kong Stock Exchange, and if that IPO falls apart that will send more shockwaves through the crypto space. On a final note, Bitcoin mining supersites that cost hundreds of millions of USD have been popping up across the globe recently, and these have been forcing personal miners out of business, since the supersites are far more cost effective per unit of hash rate. The crash in Bitcoin’s mining hash rate we are seeing right now could very possibly be individual miners collectively shutting down their rigs, leaving just the supersites. This could drastically increase the centralization of the Bitcoin mining network, and therefore increase the centralization of Bitcoin itself. GenesisBlockNews believes it is a dangerous trend for Bitcoin’s hash rate to increasingly be in the control of a select few corporations.
It's Summer in Georgia and my apartment has grown quite warm. Looking to sell off some cards I have owned used primarily for mining. Both AMD cards and the Zotac 1060 were purchased between January and April of this year and have been used continuously since purchase for mining. The GTX 980 was purchased a few years ago and primarily served as a gaming card until 4 months ago when it was converted to mining. Some character traits of the cards to be noted and the prices - 1) Zotac 1060 3GB - The fan on this thing broke within the first couple weeks of using it. Looked online and saw that most people could send it in to Zotac for repair, or wait over a month for fan replacements to come in from China. I pulled the fan out completely and slapped a Noctua on it with some zipties and it works fine never climbing above 65C during mining. [Sold to tacocharleston without fan $120] 2) EVGA GTX 980 - I originally paid something close to $38,000 for this card on account of having bought this card with Bitcoin from Overstock.com when BTC was ~$600. I used it primarily for gaming until about 4 months ago when a different mining card became my gaming card. It's in great condition and has never had any issues. [Sold to cheese61292 who reached out first for $170] 3) Gigabyte RX470 G1 4GB - This card had the right side (furthest from case connection) fan die and I replaced it with an aftermarket one off Amazon. Working with no issue since then. It came to me open box with a BIOS already flashed for mining Ethereum and Cryptonight and I'd rather not have to seek out an original BIOS and flash it back. This would mean at the bare minimum you would need to use AMD Pixel Patcher to have it work on a computer if you do nothing else to it. $160 shipped to Continental USA 4) Radeon Pro Duo (4GBx2) - I love this card, it is way too cool. 2 Fury Nano's on the same board. They push an easy 800 H/s Cv7, and 29.5 Mh/s Eth each, it's water cooled and virtually silent, overall a very powerful card. It can also play video games and do rendering. It is huge and I will be shipping it in the original packaging which will increase shipping expenses a bit but will help to ensure the card arrives safely. [Sold to SoylentD for $400] Pictures below, open to negotiating based on number of cards purchased. https://imgur.com/a/g24mwsv edit - Additional photo of the Pro Duo and RX 470 https://imgur.com/a/OazS6Za
Just learned that if you Dual-mine Siacoin you could back up your PC basicaly for free!
So I'm pulling in a meakly 47 MH/s using Claymore for ETH. When dual-mining I get about 750 MH/s for Siacoin, which equals about 400 SIA/Week. That isn't a lot, but it's enough for me to pay for a backup of my entire PC (1.5 TB) for en entire month! This means that I won't even have to worry about first buying Bitcoin and then converting it to Siacoin and then loading it into my client, which is a bit of a hassle. I just Dual-mine and don't have to think about it at all again. It's basically free backup with no hassle, and I even get to keep most of the coins! I followed this guide and it was quite easy to set up. Having a backup of your PC is something everybody should do anyway, and for us miners this is probably the most seamless way to do it!
Hello I'm looking to buy an end game account for about $200 - $400. The account should have a H/MH/** Legendary Pet and some good whites. I am willing to use a middleman. Add my discord FerruFekin#3918 I accept Paypal and Bitcoin
About 2 months ago, I purchased 5 MH of Zen Hashlet, you know.. back when it was $20 each and the payou seemed actually kind of nice. I did some math based on numbers (that I didn't know weren't concrete) and based on those numbers, I would have theoretically been able to buy more hashlets from the BTC I was mining, thus mine faster and make absurd amounts of money given this rate over a couple years. Well that was a pipe dream now wasn't it... Throughout my time there, I managed to buy another 2 MH of Zen and a Prime because Josh Garza kept making these promises of high returns. Also, the hashtalk community was incredibly encouraging. Slowly but surely the zen payouts began to decrease and suddenly I have the option to mine HashPoints instead. I came here to mine bitcoins, not hashpoints. But now the bitcoin payout painfully and paralyzingly low where an ROI would take upwards of 9 or 10 months or even a year! Then they start pushing hashcoin, and then rename it to paycoin, and then the hashpoints we are mining (which btw... aren't even real money or have any value since I can't do anything with them right now), and my only hope is to exchange 400 HP for each Paycoin WHENEVER that happens... if that ever becomes an option. And to make matters ever so slightly worse, I bought about 5 hashstakers just before I came to this conclussion that I want to pull everything I have and run. But here's my question: Should I sell my zens and my prime now and just dip? OR should I keep mining the hashpoints, exchange them for the paycoins when/if that ever happens, and then dip? I'm thinking going the hashpoint paycoin route. I just feel scammed and it's not a good feeling. The hashtalk community seems very cultish :/
Over the last year or so in particular, I've watched a real shift in the mindset of people involved in crypto-currency. I feel like this is the inevitable result of mainstream media covering the "new Bitcoin rich" buying sports cars and things like that. It brought us a giant influx of people who want to live that dream. That was never the dream. In the many years leading up to the "big Bitcoin story" in late 2013, people adopted Bitcoin for philosophical reasons, or because they saw that it was the future and wanted to be part of it. There was nowhere to spend it. They couldn't really do anything with it...but the thinking was, it was inevitable that Bitcoin would succeed, so therefore I'd better have a bunch of it, just in case. Naturally, that was a lot easier to accomplish when it was cheap. Nobody regretted buying and holding back in 2011/2012, when the boom hit in 2013...but not a single one of those investors were thinking, "This had better go up in a month or I'm out." Now we've got an altcoin pump & dump culture that's grown around crypto, where people just want quick bubbles to profit from. The profits, of course, are relatively tiny...it's like hitting the jackpot on a penny slot, rather than the $5 slot. That's the mindset that has evolved, though. "Get rich quick." No tolerance for building something. As a result, pretty much every alt-coin seems destined to die after its first or second bubble gets popped, as people migrate to the next "get rich quick" coin. It's evolved into something not unlike people who play High Yield Investment Programs (ponzi schemes). They try to get out before the thing collapses and make their money, then move on to the next program and try to repeat the process. Litecoin has never been about that. So now you see a lot of voices declaring Litecoin dead, and "insert flavor of the month coin here" as the "new hotness" that everyone SHOULD hitch a ride on. Of course, you do - they are PUMPING them, so they can profit from you. You're a latecomer to their ponzi and you will lose your money. It happens over and over. Again...Litecoin has never been about that. What Litecoin IS about, is building a very robust network that will support and secure a currency that can be used in conducting daily, global commerce. It is accomplishing that, RIGHT BEFORE OUR EYES. Stop looking at the charts and look at what is happening in front of you. In late April, after the Innosilicon, Zeusminer and Silverfish 80MH/s ASICs started deploying, the network hashrate was 150,399 MH/s. Today, it is 414,969 MH/s. At a wholesale price of around $9,000 on average for a single 80MH/s device, that hashrate increase means that in the space of two months we have seen almost $30 million dollars put into dedicated hardware for Litecoin mining. Alpha Technology is about to release 50 and 250 MH/s models, and KNCMiner will follow with 250 MH/s models (followed a month or so later by 400 MH/s models). By year's end, the Litecoin network will have seen well over a hundred million dollars poured into its mining infrastructure. Now tell me honestly...does that sound like a dead coin, to you? Or does it sound like a coin that is about to attract a landslide of attention as its network explodes in processing power? Think long-term. Think the way early Bitcoin (and Litecoin) adopters thought...we're building something significant, here. Yes, the price is under some pressure right now due to this transition we're in (and because of the customary losses to Bitcoin during a rally). But when you look at Litecoin's long-term outlook right now, I don't think you can (at least, not with a straight face) favorably compare any other altcoin in existence to it. Remember that venture capitalists and businesses/services don't look at the current price. They look at the potential for future business success...and that is ALL in Litecoin's favor.
Are rigs using a raspberry pi and usb block erupters still a feasible way to mine bitcoin? Looks like I could build one for ~$350 with six erupters at 333 MH/s each. My 1070 is running in the 400s. My rough estimate says this will mine ~5X faster than my 1070. Is this even close to accurate? I don’t see anything that confirms that math.
Hello, I've registered here specially to have an additional option to sell our Crypto Farm located in Russia, Irkutsk Region Who we are: One of the largest private mining farm in Russian Federation (2.5 MW total energy consumption) What we sell [used miners, 6 months average in use]: --1070 pcs of Antminer s9 13.5 TH/s, from 385 USD per miner with PSU; --180 pcs of Avalon miner 741 7.3 TH/s, 25 USD per miner; --400 pcs of Antminer L3+ 504 MH/s, from 150 USD per miner with PSU; --995 pcs of Innosilicon miner A4+ 620 MH/s, from 185 USD per miner with PSU; All miners are legally imported in Russia Federation, have notifications and docs Brand New miners located in our Warehouse in Hong Kong --500 pcs of Antminer s9 13 TH/s, 280 USD per miner; PM Me For Pictures Of The Farm / Machines If you have a strong willing to buy, then procedure is the following: 1). Skype call 2). Showing Proof of Machines (and documentation if needed) from our side 3). Showing proof of funds from buyer's side Trade via bank-to-bank or BTC transfer (preferrable option) To contact please send me a private message. Telegram: @bull_BA_zavr or @btcchain BitcoinTalk Link to Contact
I've really been considering buying a Black Widow for a few days now. I have been around digital currencies since November, so I'm not completely ignorant when it comes to the subject. Honestly, the only reason I am slightly hesitant is because of when I first started. I did not do any research when I bought my first ASIC back in November. I somehow stumbled upon ButterFlyLabs and saw their 25 GH/s miner. I pretty much said to myself, "Ohh! Moneybox!" and bought it. I had no clue about difficulty or how Bitcoin worked. After like a month and a half, I was puzzled as to why my payouts were decreasing. I then actually started to read about Bitcoin and what it really is. I spent about $1,300 (because of shipping), and got a return of about $680. Nearly half of my return was from selling it to a friend for $360. I am really nervous that if I buy a Black Widow, the same thing will happen again. Besides, when KnC Miners ships out their 400 mh/s devices, I will be left in the dust. My ROI would be about 3 months if I was to follow through. Do you guys think the difficulty will sustain for me to break even? A big reason why I want to buy it is because I think I'm getting in somewhat early with the Scrypt ASIC stage. If so, I could grow my operation exponentially if I play my cards right. Please be honest and insightful here, I'm 100% open to your opinions, suggestions, and criticisms. Let this serve as not only a guide to myself, but to any fellow shibe who is interested in getting into the mining scene. Don't be naive like I was and kiss your hard earned money away.
baikalminer.com is a CROOK and a SCAM (s or no s, they are all BULLSHIT)
I have been ripped off from baikalminer.com for $4676 and want you share my HORROR story so hopefully you don’t end up getting ripped off. STAY THE HELL AWAY FROM BAIKALMINER.COM !!! After weeks of research on Google and Youtube, I thought the Baikal Miner would be a good investment mining Dash coins at 300 MH/s using only 75 Watt of power. Boy was I in for the biggest SCAM and RIPOFF and RIDE of my life!!! After one month of Baikal Miner hustling and scamming me, he stole $4676 and I am now stuck with a defective Baikal Miner Cube. I am now still SHOCK and SO DISGUSTED of these people! This is why they don’t accept credit card or paypal. Just bitcoin, dash or ethereum. I don’t think there is any recourse or any way you can get the coins back from these people! On April 11, 2017, I pulled the trigger and sent baikalminer 0.7216068 BTC which equals to $876.02 USD. These people are very difficult to deal with and very slow to respond on email. Worst, they only take bitcoin and they are located halfway around the world in China. So this made me very concern. 8 days later on April 19, the unit arrived at my home. I emailed Baikal on what power supply to use and they won’t recommend which power supply to buy or send me an ebay or Amazon link, they just said 12V 10A. I searched on Google, Amazon and ebay and end up buying 3 power supply from Amazon and ebay. The first P/S came home the end plug was too big and did not fit. Then a couple days later the two P/S I ordered on ebay arrived and this one fit. You would think spending $876 on a little box with a fan, heatsink and circuit board they would include a P/S. The box did not come with any manuals so I had to google to find the CUBE.pdf manual and figured everything out myself. When first powered up and log in with the default password baikal, the miner show down. It looks like they still have their dash wallet address on there. I setup an account on coinmine.pl and dash.suprnova.cc and added my account and dash wallet address to the Baikal Pool page. Doesn’t matter what I do, the miner still show down. On April 24, 2017, I emailed [email protected]. The following day, they email back ask me to skype them. Hi, Thank you for your email. Please contact us via skype in order to deal your business more effectively. Our skype account: “baikalminer” (no more other letters or characters) You can check the following link for your information: https://bitcointalk.org/index.php?topic=1804508.0 We will take care of your request as soon as we get the message from skype. Best regards, Baikal On Skype, they did not offer any technical support or troubleshooting at all. They kept on insisting I download and read the CUBE.pdf file. http://www.baikalminer.com/cn/down/CUBE.pdf Their support is shitty! Then they wanted me to ship the unit back at my expense to repair it. I wasn’t happy at all!!! To make me happy, they offered a Quad unit at a discounted price. The miner cube is $800 + $76 Shipping. Total is $876. Quad is 4 miner cube so $800 x 4 = $3200. I already paid for the first miner cube so I just need to pay for the difference of $2326 and I have to ship the defective unit back. I wasn’t happy paying more at a full price when I already received a defective unit. So they offer 5% discount + free shipping + power cable at $2166 more + $876 I originally paid.
4/25 Ok I will deduct the same so that you can pay the shipping price from your end for that cube. 4/25 3196-870 = 2326$ 4/25 But you have to ship the product to us. 4/25 Does it make you happy.. 4/25 Ok as this is our fault we give the 5% + free shipping and power cable = 3036- 870 = 2166
On April 27 and 30, 2017, I sent them $2150 to upgrade to a Quad Cube ($900 in ETH and $1250 in BTC). As of this date, I have sent them $3026.02. On May 1, 2017, they offer me two baikal quads for $2400 instead of instead of $3400 .
5/1 Ok after lot of considerations in your case we feel like the fault is from our end only. And to do the compensation for that if you are interested we ship out two baikal quads in which you have already paid for one and for the second one we give you 25% off + free power cables and shipping. So you have to pay 2400$ instead of 3400$ I this this makes you a happy customer. What do you say.? 5/1 This is only one time offer please don't consider this discount in future just to make sure you should be happy we are offering this and please post this any where in social media. As people will start bargaining.. This offer for you also only once from next time please don't ask us as definitely we don't give any offers anymore. Definitely you don't need to worry this time as I personally test the products which we are going to send you. 5/2 Hello my friend we have received your payment But we had an issue with our financial tem. In the morning our jr accountant accepted that you can pay 1600$ later but from afternoon we had so many discussions and our Sr accountant is not agreeing for more than 1000$ credit to a customer and blaming me for giving such credit after 25% discount. Some how I managed by telling that customer lost a lot because of the machine problem and managed to give you 1200$ or with huge extra offer. Because we consider the money which we get before the shipping and after shipping we always will be having 50:50.
Case1) pay 1000$ and pay nothing except shipping the old product. So here for second quad you will be getting 3400-1600 = 1800$ total to pay(800 already paid and balance 1000$). Close to 47% off on total for the second machine. Case 2) pay 400$ now and remaining 1200$ after shipping. This is just to make sure that it is fine at least we don't make profit but we should not lose money by selling. We sell our products through out the world and you are an individual customer for us. I hope you understand our Sr accountant concern. Please think for a while and let me know which case suits well so that I will proceed and also please be hurry so that tomorrow morning hours I would like to ship them. Thanks. On May 2, 5 and 6, 2017, I sent them a total of $1650 in BT and ETH. After sending them the last payment, they said to me on skype “Hi my friend please contact us via email for the confirmation. thanks.” And this is when the HORROR begins. I email them at [email protected] and they just pay dumb and said they never received my $$$ BTC and ETH. 05/02/17 Paid $800 BTC 05/05/17 Paid $550 ETH 05/06/17 FINAL payment $300 BTC baikalminer.com and all other baikalminer web site and all of the baikalminer on skype are the SAME people. They will hustle you in sending bitcoin, dash coins or Ethereum coins. They will steal your coins and you cannot do anything about it like me! I am very unlucky and very stupid to trust them! DON’T buy anything from Baikal Miner or any other web site or anyone on Skype. They are all the same people. I will attached screen capture of my skype conversion with Baikal Mining and emails so you can read for yourself and share with families, friends, co-worker and the mining community. I FEEL SO SICK INSIDE. These people have stole $4676 of my hard earn money. VERY VERY SAD! Don’t know what else to do. Danny
Hello guys i have been mining with my GPU for the last 2 months but since ASIC's are here there's too much competition and possible difficulty increase, so it's adapt or die. So i came to the narrowed down my options to 2:(after tons of research and chats with support) "Titan" by KnC miner And "The war machine" by GAW miners They are both in the same price range but there's a huge difference in hash rate. GAW Miners seems to be very professional, have a clean web site plus they have the miners and it would take around a week for my miner to get home they also have support for Zen Miner. BUT the war machine consumes 2000 watts so i would need 2 1200 watts PSU's to power it(that's what support told me) Price: $5,799.95 Consumption: 2000 watts Power: 2 1200 watts PSU's Hash rate: 54 Mh/s (54,000 Kh/s) Time to ROI at this difficulty: Around 80 days Daily income as of now: $50 - $60 KnC miner also has a good website but not as clean and good looking as GAW miners. Their Titan miner promisies an astonishing 400 Mh/s at a power consumption of around 1200 watts with 1 PSU. But this is a pre-order, the titan will ship around Q3 2014 Price: $7000 Consumption: Something around 1200 watts Power: 1 1200 watts PSU Hash rate: 400 Mh/s (400,000 Kh/s) Time to ROI at current difficulty: Around 20 days Daily income as of now: $500 - $600 At first sight the titan seems like the one to choose right away but.
I have heard problems with updates from KnC
First titan batch costed $10000 and hashed at 300 Mh/s, Second batch costs $7000 at 400 Mh/s (could increase)
Some of their bitcoin miners came unassembled and needed users to craft their own parts
Both of their support seems helpful and friendly So, can anyone shed some light on me and tell me some reasons to get one over another?
Now offering A2 Terminator 76 mh/s ASIC scrypt miner on TransHash.com (not a pre-order)
This extremely powerful miner with 48-A2 28nm ASIC chips achieves 76 Mh/s (86 Mh/s in Turbo mode), while only drawing about 400-480 watts of power. It will exponentially increase the power of your mining rig, while also enabling you to contribute to securing the Litecoin network, and that of any other scrypt-based cryptocurrency you choose to mine, a task that is going to require substantial computing power going forward. This is the first miner TransHash is offering (through a wholesale arrangement with an authorized distributor), and we realize ASIC mining of scrypt-based cryptocurrencies like litecoin is a controversial issue. We know that the conversation about its pros and cons should and will continue, and we hope that we can contribute in some way to it. We also hope you will take a look at this miner and offer your feedback on this product and/or the TransHash website. As an online retailer dedicated to serving users of digital currencies, TransHash only accepts litecoin, bitcoin, and dogecoin. http://www.transhash.com/product/76-mhs-28nm-scrypt-asic-miner We will start the shipping process after payment processing (this could take a few days). Machines ship from our distributor or manufacturer. Shipping times will vary depending on distances. ** UPDATE: We appreciate all of the feedback we've received here and elsewhere about this product. As a result of the feedback, we have reduced the price of the A2 Terminator Scrypt ASIC miner to $12,000. Also, our distributor says that they will be making a video of the miner running this weekend for TransHash to post for our customers. Again, we appreciate all your input and look forward to continuing to hear from you.
NuVoo Mining guarantees 99.9% uptime. There are no energy fees or maintenance fees attached to the prices above. All contracts are open ended. Payouts are generated daily, although withdrawal limits are set at 0.0015 BTC. NuVoo Mining also has a profit calculator on their website to give you an idea of how much money you’ll make with each mining plan. NuVoo Mining is a cloud mining company based in Quebec, Canada. The company emphasizes cheap electrical rates and low cooling costs (not only is Quebec cold for much of the year, but it also has easy access to cheap, renewable electricity). Right now, NuVoo Mining only appears to offer cloud mining. However, the company has pages reserved for mining hardware, dedicated mining, and colocation mining, so it’s possible that they’re introducing more services in the future. To learn more about NuVoo Mining, visit online today at Nuvoo.io.
The 7970 is, from what I can tell, the best $/(MH/s) and most efficient GPU miner out there. I didn't do all of the comparisons necessary though - so there may be one better. The question is, at what point does bitcoin-mining on a 7970 no longer make financial sense? This is really simple math, and I hope we can avoid a lot of this question being asked over and over again by showing how simple it is. The following assumes a miner is receiving a roughly equitable share of its contribution to the network's hash power (ie through a pool, if you're GPU Mining or considering getting in to mining) these things will be true. Variables you can edit.
Cost per kWh - I am assuming $0.15, as this is on the lower-upper bound of prices in the US.
Card Cost and Amortization - it is a generally accepted accounting principal (GAAP) to amortize the cost of an asset purchase over a 2-year lifespan. It probably makes more sense here to use 1-year, but 2-years is standard. Feel free to play with this number.
The BTCUSD exchange rate.
That's it, actually. Everything else is just the protocol specification. So here we go... Question 1: What is the daily cost of operation for a 7970 (not including the rest of the computer)?
A 7970 has a reported power draw of 250W
250W running all day is 6 kWh per day.
6 kWh per day is $0.90 per day @ $0.15 per kWh
At $90/BTC, this yields a daily electricity cost of 0.01 BTC
At $400 on NewEgg, a 7970 has an amortized cost of $0.55 per day ($400 / 365 days/year*2years)
$0.55 is 0.0061 BTC
Operating Costs = 0.0161 BTC Question 2: How much of the network will I have to capture with my card to earn at least 0.0161 BTC per day?
The network yields approximately 3600 BTC per day (25 bitcoin / block * 6 blocks per hour * 24 hours per day)
0.0161/3600 = 0.0004472%
Answer: The card must be capturing 0.0004472% of the total network to earn at least 0.0161 BTC per day. Question 3: How big does the network have to be before the 7970 is no longer profitable?
The 7970 operates at a reported 650MH/s
This will remain profitable until 650MH/s is less than 0.0004472% of the total network.
650(MH/s) / 0.000004472 = 145.3 TH/s
Answer: The 7970 will be profitable until the total network hashrate exceeds 145.3 TH/s.
This is just an easy maths model you can use to apply to any question you may have with regard to the 'potential profitability' of your current graphics card or even your potential ASIC purchase. If you know how much hashing power the card has, and what its power draw is, it is trivial to determine at what point your miner will no longer be profitable. This is not a predictive model of when on the calendar your device will be obsolete, however. And one thing you may notice about the inclusion of the BTCUSD price in this model is that as BTCUSD goes up so will the costs of operation go down. If your power is cheaper than $0.15 or even free, it could last for a little while yet. However, to give you a glimpse inside my crystal ball as it were, my models would suggest that a 7970 will be obsolete in the third or fourth week in April if BTCUSD were to maintain at $90 and power costs at $0.15/kWh. Happy mining.
Hello guys i have been mining with my GPU for the last 2 months but since ASIC's are here there's too much competition and possible difficulty increase, so it's adapt or die. So i came to the narrowed down my options to 2:(after tons of research and chats with support) "Titan" by KnC miner And "The war machine" by GAW miners They are both in the same price range but there's a huge difference in hash rate. GAW Miners seems to be very professional, have a clean web site plus they have the miners and it would take around a week for my miner to get home they also have support for Zen Miner. BUT the war machine consumes 2000 watts so i would need 2 1200 watts PSU's to power it(that's what support told me)
Consumption: 2000 watts
Power: 2 1200 watts PSU's
Hash rate: 54 Mh/s (54,000 Kh/s)
Time to ROI at this difficulty: Around 80 days
Daily income as of now: $50 - $60
KnC miner also has a good website but not as clean and good looking as GAW miners. Their Titan miner promisies an astonishing 400 Mh/s at a power consumption of around 1200 watts with 1 PSU. But this is a pre-order, the titan will ship around Q3 2014
Consumption: Something around 1200 watts
Power: 1 1200 watts PSU
Hash rate: 400 Mh/s (400,000 Kh/s)
Time to ROI at current difficulty: Around 20 days
Daily income as of now: $500 - $600 At first sight the titan seems like the one to choose right away but:
It does not currently support Zen Miner
I have heard problems with updates from KnC
First titan batch costed $10000 and hashed at 300 Mh/s, Second batch costs $7000 at 400 Mh/s (could increase)
Some of their bitcoin miners came unassembled and needed users to craft their own parts
Both of their support seems helpful and friendly So, can anyone shed some light on me and tell me some reasons to get one over another?
BUYING SUPER END-GAME ACCOUNT | DIVINE | PAYPAL | BITCOIN
Sup guys, It's sc2k here aka sc_rotmg from mpgh. I'm looking to buy an extremely end-game account. Requirements Heal mh electric or Mh heal electric Plentiful amount of char slots and vaults Maxed divine pet (If mid-leveled, I might consider if it fits my liking) Many "common" whites such as dblade, dbow, planes, etc. Pet MUST be properly fused Jugg/ogmurs - if your accounts is completely maxed and meet the other specifications, this will not be needed Selling points Jugg/ogmuoreo (qot and conflict meh) Good reputation in game Plenty of alive fame Pet is not humanoid Budget $600 USD, PayPal, if Bitcoin then 10% less Trade Rules If you are not willing to go first, we will use a middleman, either scamproof or Idrae. Vouch threadhttps://www.reddit.com/rotmgvouches/comments/6bq8jm/usc2k_vouch_thread/ Skypehttps://hatscripts.com/addskype?live%3Aseanchen95129 Also, my high budget doesn't mean I'm paying like $400 for a low level divine with meh chars and no rare whites. It just means that I can pay $600 if you somehow have a 100 100 100 account with op af whites and a good reputation with a lot of normal whites too. Thanks, and hmu with your accounts!
Now offering a 76 mh/s ASIC scrypt miner on TransHash.com
This extremely powerful miner with 48-A2 28nm ASIC chips achieves 76 Mh/s (86 Mh/s in Turbo mode), while only drawing about 400-480 watts of power. It will exponentially increase the power of your mining rig, while also enabling you to contribute to securing the Dogecoin network, and that of any other scrypt-based cryptocurrency you choose to mine, a task that is going to require substantial computing power going forward. This is the first miner TransHash is offering (through a wholesale arrangement with an authorized distributor), and we realize ASIC mining of scrypt-based cryptocurrencies like dogecoin is a controversial issue. We know that the conversation about its pros and cons should and will continue, and we hope that we can contribute in some way to it. We also hope you will take a look at this miner and offer your feedback on this product and/or the TransHash website. *Edited: We accept dogecoin, bitcoin, and litecoin. http://www.transhash.com/product/76-mhs-28nm-scrypt-asic-miner We will start the shipping process after payment processing (this could take a few days). Machines ship from our distributor or manufacturer. Shipping times will vary depending on distances. ** UPDATE: We appreciate all of the feedback we've received here and elsewhere about this product. As a result of the feedback, we have reduced the price of the A2 Terminator Scrypt ASIC miner to $12,000. Also, our distributor says that they will be making a video of the miner running this weekend for TransHash to post for our customers. Again, we appreciate all your input and look forward to continuing to hear from you.
Sup guys, It's sc2k here aka sc_rotmg from mpgh. I'm looking to buy an extremely end-game account. Requirements Heal mh electric or Mh heal electric Plentiful amount of char slots and vaults Maxed divine pet (If mid-leveled, I might consider if it fits my liking) Many "common" whites such as dblade, dbow, planes, etc. Pet MUST be properly fused Jugg/ogmurs - if your accounts is completely maxed and meet the other specifications, this will not be needed Selling points Jugg/ogmuoreo (qot and conflict meh) Good reputation in game Plenty of alive fame Pet is not humanoid Budget $400 USD, PayPal, if Bitcoin then 10% less Trade Rules If you are not willing to go first, we will use a middleman, either scamproof or Idrae. Vouch threadhttps://www.reddit.com/rotmgvouches/comments/6bq8jm/usc2k_vouch_thread/ Skype [url=https://hatscripts.com/addskype?live%3Aseanchen95129][img=https://hatscripts.com/addskype/live%3Aseanchen95129.png][/url] Thanks, and hmu with your accounts!
The Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate. Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the ... Eine typische 600 MH/s Grafikkarte hat einen Verbrauch von etwa 400 Watt, während ein FPGA mit einer Hashrate von 826 MH/s nur 80 Watt benötigt. Dies stellt eine fünffache Erhöhung der Energieeffizienz dar. Die Energieeffizient ist ein wichtiger Bestandteil des Gewinns, was viele Personen dazu bewog, FPGA's anstatt GPU's zu verwenden. The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around ... Since its launch in 2016, the crypto IRA provider has processed more than $400 million in investments. Bitcoin IRA COO Chris Kline commented: Reaching this new high is a testament to our top-notch security features, superior customer experience, competitive pricing, innovative product offering, seamless online IRA transfer process and proprietary real-time 24/7 self-trading platform. We are ... Bitcoin Really Is Money, Here's Why. 15 February 2019. October 2020. https: ... in 2018, the richest 400 grew their net worth by 29 trillion, and the lowest half lost by 900 billion. :/ This is absolutely false. The source OP was refering to was this time magazine article, which claims that Rich people getting richer litteraly STOLE 50 trillion dollars from poor people. The article's logic ...
My 400 MH/s Ethereum Mining Rig (5x 580, 5x 1080Ti, 2x Vega 64) by Bruno Silveira. 0:37. GPU Mining Rig - NVIDIA GTX 1080 Ti Crypto Miner for Bitcoin Gold, Zcash and More! by Crypto Playhouse. 14 ... Bitcoin Android / iOS Gameplay HD By Ketchapp Do you like Bitcoin GamePlay? This Bitcoin Ketchapp Game Review is for ios,iphone,ipad also... Download Android... Wow, lots of news that just gets you up early. apology and reparations from coincheck (quick and fast from Japan-very good of this company. https://coincheck... My ethereum mining setup, consists of 4 rigs! **On Today's Episode Of The Cryptoverse:** Realistically, will Bitcoin ever reach $500,000? The first investor in Snapchat Jeremy Liew seems to think so yes. The news segment begins at 5:15 Today ...