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post #31 of 124
Quote:
Originally Posted by lacrossewacker View Post

has anybody here actually received lucrative assets from this? Money? Purchased items?

When I had my whole farm running, right around 5GH/s, I was making near to $800 a month, minus about $250 for power. I'd say it was worth it. Now, I just have my sig rig running it, gets me a solid 1GH, and rolls in around $150 a month, which is more than enough to pay my entire house's power bill.
Quote:
Originally Posted by Kaiin2014 View Post

supposedly they are now shipping, Albeit in small quantities. I do think it is beginning to show in the overall network hashrate though the amount of hashes has tripled in the last 3 months.

Yes, but are there any reports of anyone actually getting one, aside from reviewers? The president of BFL is a convicted felon, so one could say I'm a bit weary to be buying anything from them.
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post #32 of 124
It's a shaky, shady way to make money. You just have to look at the rise and crash already earlier this year to see it's not a sensible investment. As for all you guys with AMD GPU's yeah you can have a go but you will need to join a pool as alone you will make precisely NOTHING, as part of a pool your 1 or 2 GPU's may make you 50% less than the electricity to run them at 100% 24/7 cost you to begin with.

Anyone says they are making money still GPU mining is

a - Liar

b - Steals electricity or has somebody else pay the bill and have 20+ GPU's running

You are better off investing in real stock, hell without an ASIC miner you are better off taking the money saved on electric and putting it all on red. Also those expensive ASIC miners will simply serve to drive up the difficulty of the currency so in turn they will become less useful meaning you need more and more of them, that's how it works in the start the difficulty was low enough you could mine on low end CPU's.
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post #33 of 124
Quote:
Originally Posted by SgtHop View Post

When I had my whole farm running, right around 5GH/s, I was making near to $800 a month, minus about $250 for power. I'd say it was worth it. Now, I just have my sig rig running it, gets me a solid 1GH, and rolls in around $150 a month, which is more than enough to pay my entire house's power bill.

wow! but who cuts you the check?
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post #34 of 124
Quote:
Originally Posted by lacrossewacker View Post

has anybody here actually received lucrative assets from this? Money? Purchased items?

Ive made thousands thumb.gif
    
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post #35 of 124
Quote:
Originally Posted by lacrossewacker View Post

wow! but who cuts you the check?

There are a few ways of going about it. One is to use an exchange, which will sell your bitcoins for real money, and then transfer it to Dwolla, who in turn sends it to your bank account via direct deposit. The second is by using a pool that pays directly to Dwolla, such as Eclipse MC, whom I use, and from that it's pretty much the same. I used to have a separate bank account for the Dwolla action so there was no access to my actual money, but have since stopped that as there has been no issue with them.
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post #36 of 124
Quote:
Originally Posted by WR6133 View Post

It's a shaky, shady way to make money. You just have to look at the rise and crash already earlier this year to see it's not a sensible investment. As for all you guys with AMD GPU's yeah you can have a go but you will need to join a pool as alone you will make precisely NOTHING, as part of a pool your 1 or 2 GPU's may make you 50% less than the electricity to run them at 100% 24/7 cost you to begin with.

Anyone says they are making money still GPU mining is

a - Liar

b - Steals electricity or has somebody else pay the bill and have 20+ GPU's running

You are better off investing in real stock, hell without an ASIC miner you are better off taking the money saved on electric and putting it all on red. Also those expensive ASIC miners will simply serve to drive up the difficulty of the currency so in turn they will become less useful meaning you need more and more of them, that's how it works in the start the difficulty was low enough you could mine on low end CPU's.

I've already calculated that I make profits with a single 7970. My electric rate is low is why.

Plus not everyone pays for their electricity. There are several people living in dorms or apartment buildings where electric is part of your rent.

At the beginning of the year there were some craziness. But lately the rate of BTC is quite stable.
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post #37 of 124
How risky is this? Say you buy one of those 5GH things, how long would you reckon it would pay itself off? And you start making profit?
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post #38 of 124
Quote:
Originally Posted by SgtHop View Post

When I had my whole farm running, right around 5GH/s, I was making near to $800 a month, minus about $250 for power. I'd say it was worth it. Now, I just have my sig rig running it, gets me a solid 1GH, and rolls in around $150 a month, which is more than enough to pay my entire house's power bill.
Yes, but are there any reports of anyone actually getting one, aside from reviewers? The president of BFL is a convicted felon, so one could say I'm a bit weary to be buying anything from them.



OH definitely, thats why i said "supposedly" i think they are a complete scam. i do know that they have sent some out to be reviewed http://arstechnica.com/gadgets/2013/05/weve-got-a-butterfly-labs-bitcoin-miner-and-its-pretty-darn-fast/ an i believe the reviewer, that does not mean that I think everybody who bought one is not getting swindled. as far as i'm concerned, this tactic is just another way to keep people ordering them.
post #39 of 124
Quote:
Originally Posted by WR6133 View Post

It's a shaky, shady way to make money. You just have to look at the rise and crash already earlier this year to see it's not a sensible investment. As for all you guys with AMD GPU's yeah you can have a go but you will need to join a pool as alone you will make precisely NOTHING, as part of a pool your 1 or 2 GPU's may make you 50% less than the electricity to run them at 100% 24/7 cost you to begin with.

Anyone says they are making money still GPU mining is

a - Liar

b - Steals electricity or has somebody else pay the bill and have 20+ GPU's running

You are better off investing in real stock, hell without an ASIC miner you are better off taking the money saved on electric and putting it all on red. Also those expensive ASIC miners will simply serve to drive up the difficulty of the currency so in turn they will become less useful meaning you need more and more of them, that's how it works in the start the difficulty was low enough you could mine on low end CPU's.

Yeah, except not really. I don't consider 11 cents per kW/h cheap, but I still make more than enough off my two 7950s to pay my power bill twice. And that's not just in servicing that computer, that's my entire house's power bill.
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post #40 of 124
Quote:
Originally Posted by Speedster159 View Post

How risky is this? Say you buy one of those 5GH things, how long would you reckon it would pay itself off? And you start making profit?
This is exactly what I was wondering myself!
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