Where your hard-earned money comes to die. Home.
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mining is such a cool concept
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Poast new message in this thread
Date: March 10th, 2018 1:40 AM Author: Dashing telephone travel guidebook
Get paid to process transactions and secure a network. 180, regardless of whether POW, POS, or whatever
I'm REALLY happy with my gf and hope it ends happily ever after, but if for some reason it doesn't I'll 100% move to an area with cheap power and mine crypto at scale and live out my days
(http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35574570) |
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Date: March 10th, 2018 2:08 AM Author: vibrant thirsty jew house
did you read the politico article on mining?
https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230
some of the numbers seem off:
"When finished, the prefabricated wood-frame structure, roughly 12 by 48 feet, will be equipped with hundreds of high-speed servers that collectively draw a little over a megawatt of power and, in theory, will be capable of producing around 80 bitcoins a month."
Antminer S9 earns 0.03095 BTC per month. 80/.03095 = 2,585, meaning he would need 2,585 S9 machines, not "hundreds of high-speed servers." And likely he is using something less powerful than the S9, because you could get the same hash with less $ invested (assuming space and power consumption are not expensive, which is the whole point of mining there)?
(http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35574657) |
Date: March 10th, 2018 2:28 PM Author: shimmering marvelous codepig crotch
mining is a futile effort unless you're in a boom and the price is increasing exponentially
If you don't have enough capital POS won't net you much either
(http://www.autoadmit.com/thread.php?thread_id=3914849&forum_id=7#35576438) |
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