I am looking to spend around $50-200 for it, also note that I will be using this for various coins.
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 (Sep 12, 2014 05:54 AM)Dorrance Wrote: I am looking to spend around $50-200 for it, also note that I will be using this for various coins. $50-$200 isn't likely going to get you an extreme amount of hash power. Personally I'd recommend spending up to $500 on a miner as you'll usually have a return on investment in less than 3 months. That ROI can go a lot faster if you follow altcoins on Bitcointalk for new releases and look for coins which are likely to succeed or draw a lot of hype. Mine until they hit the exchanges and then profit. If you are set on your price you'd probably end up with a Raspberry Pi but I'll let someone more knowledgeable in hardware recommend specific pieces for you to buy. (Sep 12, 2014 05:28 AM)Sam Winchester Wrote: Where do you recommend to rent rigs? I'm willing to pay for quality. Betarigs will give you a chart showing how much hashing power is being submitted which is nice but you have to open a ticket if the rig has been falsely advertised. While I've never used Leaserig it looks as though it's essentially the same idea as Betarigs where you pay to rent a specific miner. I personally prefer Nicehash as it usually turns out to be cheaper despite the fact that you're bidding against other people interested in buying hashing power. You pay for the VALID hashes you receive and not the invalid ones which is a very big plus in my book. Nicehash pools all their hashing power together from miners and divides it up based on the amount each person is looking to purchase which is why you could go up to 20Gh/s provided you had the top buy order. Minimum order on Nicehash is 50Mh/s whereas there is no minimum order on Betarigs or leaserigs. Nicehash you can stop mining at any time but Betarigs and Leaserig you purchase a contract for a certain amount of time.  (Sep 12, 2014 09:02 AM)Sam Winchester Wrote: Is there a pool you recommend (specifically for NiceHash)? I'm thinking of making an invest of $2000 to mining bitcoin. I don't recommend renting hashing power to mine BTC. The 24 hour average price for 1TH of SHA256 mining is 0.022 BTC/TH/Day. One TH of power will get you 0.00001834 BTC per day. 0.022-0.00001834 = 0.02198166 BTC loss 0.02198166BTC = $10.47 loss If it were profitable for them to mine BTC they would be doing so instead of renting it. That's why most people who rent power usually end up using it on altcoins. Usually it happens this way because the person who owns the miner either doesn't know how to keep up with the markets or doesn't care to.  (Sep 12, 2014 09:18 AM)Aceman Wrote: I don't recommend renting hashing power to mine BTC. The 24 hour average price for 1TH of SHA256 mining is 0.022 BTC/TH/Day. One TH of power will get you 0.00001834 BTC per day. Yes mining btc isnt profitable for starters unless you have a large amount of money to invest in a (mini) farm. You might want to consider buying a Zeusminer Volcano (Scypt miner) which has a hashrate of 300MH/s and only uses 1000W. It will mine for you 24/7 and make a profit. If you mine on a pool such as Clevermining you will be mining on a multipool which auto switches to the most profitable coin and exchanges your profits to btc automatically so all you need to do is watch the miner and your btc wallet ;) (Sep 13, 2014 01:33 AM)Autopost Wrote: What's you opinion of the current BTC happenings, what's the reason? There are many reasons on the decrease, but it's hard to point it at one possibility. After all this is my opinion. Bitcoin is a risky payment method, it fluctuates daily and who knows what the price will start and end with. Personally, I think Bitcoin will manage to increase steadily to its average price of $550.. that's when I'll be dumping. I believe when December is here, it was go low as $380, & that's when ill be buying back in. This is just a speculation, so don't take my word for it.
Strive not to be a success, but rather to be of value.
-Albert Einstein
Sep 13, 2014 02:04 AM
(This post was last modified: Sep 13, 2014 02:06 AM by Moen.)
Could you explain why we had all these orpaned blocks today?
https://hackforums.net/showthread.php?tid=4444431 All blocks here said Orpaned on them: https://blockchain.info/blocks (Sep 13, 2014 02:04 AM)Moen Wrote: Could you explain why we had all these orpaned blocks today? I believe all the transactions are now confirmed? I guess it just took abit longer for it to be attached to the main chain.
Strive not to be a success, but rather to be of value.
-Albert Einstein (Sep 13, 2014 02:13 AM)DLT. Wrote: I believe all the transactions are now confirmed? I guess it just took abit longer for it to be attached to the main chain. Ye they are all confirmed now but for me it looks like it was an huge attack on the network. (Sep 13, 2014 01:49 AM)DLT. Wrote: There are many reasons on the decrease, but it's hard to point it at one possibility. After all this is my opinion. I agree with what you are saying. Just want to add my 2cents to this. Withe more online vendors accepting bitcoin with bitpay. It seems like this is causing alot of sell pressure since bitpay converts the BTC to USD. |
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