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is private mining still a thing? i thought that became too hard to be worth it after 2012'ish or 2010'ish.
nowadays is it dedicated miners that people are using? i mean private miners, not farms.
 
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is private mining still a thing? i thought that became too hard to be worth it after 2012'ish or 2010'ish.
nowadays is it dedicated miners that people are using? i mean private miners, not farms.

It's mostly chinese asic farms directly mining bitcoin, though I'm sure you could mine some altcoin and exchange it for bitcoin if you wanted. I was never into that much.
 
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I still mine with an s7 sitting on a rack with 35 dormant s1's. I have been mining BTC & ALTs since 2012. i should of bought BTC when I discovered them for 10 cents each, oh well.
 
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is private mining still a thing? i thought that became too hard to be worth it after 2012'ish or 2010'ish.
nowadays is it dedicated miners that people are using? i mean private miners, not farms.

SHA-256 is much more centralized than the other algorithms. At my scrypt pool, there are a lot of individuals who own just one ASIC and mine with the pool. The big challenge is getting your hands on a current generation ASIC since large mining farms are typically the first to get new hardware.
 

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Wish I kept those coins!
 
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I remember I had done it years back when it was first introduced and I had quite a few but I have no idea what I did with the wallet or the information that it was bound to
 
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I remember I had done it years back when it was first introduced and I had quite a few but I have no idea what I did with the wallet or the information that it was bound to
Ouch :\

I dont think it's profitable now unless you have a few $1000's to spend on mining HW, aren't there now alternatives?
 

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has the price/value of them increased since the latest ransomeware attack
 
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Bitcoin reached 2800 per BTC on a few exchanges today. Look into ETH, It was cheap 4 months ago around 9.50 USD & hit 213.00 yesterday.
 
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Wish I'd waited a year or two more to cash out as well, but meh, name of the game.
 
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Wish I'd waited a year or two more to cash out as well, but meh, name of the game.

Yupers! I sold 142 ETH at 30.00 USD a month ago, ooops! I still have 100 ETH left. If I would of invested 60k into ETH 4 months ago I could of made over a million.
 
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I'm still sitting on mine...but becoming a concern considering their value now.
 
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Bitcoin is the most popular crypto currency at the moment. Bitcoin created a lot of noise around. In turn, I want to invest money in bitcoins. I read a very expanded article about buying bitcoins, but I want to hear recommendations about the purchase. How much money can I get on Btc? I still didn't come to a decision whether to own the bitcoins.

You don't have to rush out and buy a full Bitcoin. Bitcoins can be broken down to it's smallest denomination, which is 1 Satoshi. 1 Satoshi is worth .00000001 Bitcoins. So you can avoid the sticker shock of purchasing full bitcoins and lower your risk by purchasing smaller quantities.
 

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I think at this point the price is simply too inflated. It will drop again and when it does it may be worth purchasing.
 
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I think at this point the price is simply too inflated. It will drop again and when it does it may be worth purchasing.

Honestly, it's hard to say. People keep saying that figure of $50,000 is "inflated" (and to frank, it probably is but bear with me) and quote the total market cap it would be assuming all bitcoins in circulation are well... in circulation.

I don't know about most bitcoin miners, but I lost a shitton of them from back in the day via not caring about old wallets. I'm sure it's not an uncommon story. I bet a lot have been permantly lost, which will make value rise more than expected.
 

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Honestly, it's hard to say. People keep saying that figure of $50,000 is "inflated" (and to frank, it probably is but bear with me) and quote the total market cap it would be assuming all bitcoins in circulation are well... in circulation.

I don't know about most bitcoin miners, but I lost a shitton of them from back in the day via not caring about old wallets. I'm sure it's not an uncommon story. I bet a lot have been permantly lost, which will make value rise more than expected.

I am one of those people. I lost a few of them back when they were worth about 1 dollar. I guess I hope the value continues to increase.
 
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I don't know whats going on but I generated another 50!

I get my first in 9 more blocks and the second has 90 more blocks before I get it.

once I get it I'll post a screen shot :)


:D

Hello

I sent it off but did not get any in my wallet
What do I need to do to get it?

Thank you
 

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qubit

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qubit

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Could this have been posted somewhere like the state of crypto?

Isn't this a really old thread? I mean like historic old?

EDIT: No, it just started historically old I guess.
I did have a look around and this thread seemed to be the most appropriate one. Dunno, if a mod wants to move my post, that's ok with me. @Tatty_One waddya think? :)
 
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I did have a look around and this thread seemed to be the most appropriate one. Dunno, if a mod wants to move my post, that's ok with me. @Tatty_One waddya think? :)

Pretty much a false alarm on my part from looking at the day 1 post dates, don't fret it.
 
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