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Crypto currency discussion

  1. #301
    Professor of Philosphy Cerberus's Avatar
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    Re: Crypto currency discussion

    Quote Originally Posted by TheIglu View Post
    I'm just hoping that people bail on mining. My monthly take has dropped significantly since I began.
    blame china

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  2. #302
    Lifer ilikenapalm's Avatar
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    Re: Crypto currency discussion

    Quote Originally Posted by TheIglu View Post
    I'm just hoping that people bail on mining. My monthly take has dropped significantly since I began.
    Have you compared your electricity cost before and after mining?

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  3. #303
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion

    Yeah, I did, but it coincides with the winter heating season too. So it's a little muddled.

    ETH and all other cryptos took a BEATING last week, down double digits day after day. Started to recover and stabilize. ETH is hovering around the $800 mark. Monero is gaining back some ground.


    Sia allowed ASIC's and basically threw their entire mining base under the fuckin bus. Not only that, but they contracted with Obelisk to make an ASIC, then another player beat them to market. Lol. Idiots. I stopped dual mining with Sia because it just wasn't worth it.

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  4. #304
    Hypertarded
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    Re: Crypto currency discussion

    Read this yesterday: Here's How Much It Costs to Mine 1 Bitcoin in the U.S. -- The Motley Fool

    The cost to mine one bitcoin in the United States

    According to a recently published analysis conducted by Elite Fixtures, which examined the electricity costs of 115 countries, the United States ranked as the 40th cheapest to mine a single bitcoin, with an average cost of $4,758. But given that bitcoin has shed more than 55% of its value since nearing $20,000 per coin in December, the margin to mine bitcoin has tumbled from as much as $15,000 per coin to less than $4,000 per coin in the U.S.

    Of course, bitcoin miners in the U.S. are in considerably better shape in terms of margin relative to some other countries. A total of 24 countries examined by Elite Fixutres had mining costs for a single bitcoin that topped $10,000, with South Korean electricity costs pumping its aggregate bitcoin mining expense above $26,000 per token. That's more than three times higher than what each bitcoin is currently worth! In fact, taking into account bitcoin's move lower to about $7,800 within the past week, miners in 41 of the 115 countries examined would probably lose money mining bitcoin.
    Obviously as an average of the US it ranges depending on state......

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  5. #305
    Lifer ilikenapalm's Avatar
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    Re: Crypto currency discussion

    The cost of power in New England is higher than anywhere else in the country with the exception of Hawaii. I can't imagine it's at all profitable here. 40th cheapest probably takes into account states with low (~$0.03/kWh) power rates like Oregon and Washington. I'm paying around $0.23/kWh in CT. It's probably close to that in Mass as well.

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  6. #306
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion

    Mining BTC is for the fuckin birds. If you didn't 5 years ago, you missed out.

    Anyone mining electroneum?

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  7. #307
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion

    Most coins are creepin back up, little by little.....

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  8. #308
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    Re: Crypto currency discussion

    Any of you guys have your own bots for trading?

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