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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 276

post #2751 of 22529
I set up a 5x USB Block Erupter Raspberry Pi miner, I'll get some pictures up later today but right now it's whirring away silently taking around 30W for 1.7GH/s. smile.gif
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post #2752 of 22529
I did not lose my Butt to bad on them.. well before Ebay And pp fees that is.. got 500$ for them which is only a 70$ loss..... But ebay fees and pp feels will make it about a 130$ loss.
    
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post #2753 of 22529
Thread Starter 
Quote:
Originally Posted by Hokies83 View Post

I did not lose my Butt to bad on them.. well before Ebay And pp fees that is.. got 500$ for them which is only a 70$ loss..... But ebay fees and pp feels will make it about a 130$ loss.

I don't get why you didn't mine with them, you could have gotten a few bucks on top, or just kept them mining for a while.
post #2754 of 22529
Quote:
Originally Posted by ivanlabrie View Post

I don't get why you didn't mine with them, you could have gotten a few bucks on top, or just kept them mining for a while.

Because of the Massive Difficulty jumps in BTC those jumps change the value of the units as well.

They were going for 400$ each before the last difficulty jump i Was not gonna mine 2 weeks for 30$ and wait for the next difficulty jump.
    
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post #2755 of 22529
Thread Starter 
Meh, you could have kept mining other sha256 coins till you had enough to not lose money at least. :/
I would have kept them really...or sell for a bit more. A shame they delivered so late.
post #2756 of 22529
How different is xolo's miner to mikaelh's HP11?
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post #2757 of 22529
Thread Starter 
Quote:
Originally Posted by ZombieJon View Post

How different is xolo's miner to mikaelh's HP11?

It's based upon HP11 but it's made for pool mining at his site, not solo like the hp11 wallet. You can't use any other miner with beeeeer.org btw.
post #2758 of 22529
Quote:
Originally Posted by ivanlabrie View Post

Meh, you could have kept mining other sha256 coins till you had enough to not lose money at least. :/
I would have kept them really...or sell for a bit more. A shame they delivered so late.

Naw, I have to agree with Hokies' decision. It's simple math - either you keep them forever (mining until they break or can't even mine their power requirements in something), or you sell them ASAP - there simply isn't a value proposition anywhere in between. The only resale value they have is to mine BTC - sure you can mine other SHA256 coins with them - but each week their resale value will drop. Someone isn't going to pay $250+ for a device to mine a coin that has a horrible exchange rate currently... and anyone hoping to mine BTC with them is willing to pay significantly less every time the difficulty jumps, because it's that much more impossible to cover the initial investment - let alone make a profit.
post #2759 of 22529
Is Bitcoin worth investing in for a year?
post #2760 of 22529
Quote:
Originally Posted by Rar4f View Post

Is Bitcoin worth investing in for a year?

Wow, what a hard question. The short answer is "who knows" if you do, you would be rich not a geek on a computer forum.

Are you asking if it will go up steadily over a year on average? Impossible to tell. Sure, investment bloggers will sell you the answer, but that is the fun of stocks, no one knows. Remember, only invest monies you can afford to loose. You will loos money some times. But, if you had asked that question years ago, everyone would have said no. And look what $27 worth of bit coins made that lucky fella! That would have been a nice present.

http://mashable.com/2013/10/30/bitcoin-investment-blows-up/
 
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Folding for coinz
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