With Bitcoin at 1700, still no money to be made mining? - GoFuckYourself.com

SleepWalker · 05-09-2017, 07:46 AM

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

Relic · 05-09-2017, 07:48 AM

Quote:

Originally Posted by SleepWalker

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

freecartoonporn · 05-09-2017, 07:53 AM

Quote:

Originally Posted by SleepWalker

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

your best bet is, buying bitcoin when its price is low.

difficulty is keeps on increasing .

Relic · 05-09-2017, 07:54 AM

Quote:

Originally Posted by freecartoonporn

difficulty is keeps on increasing .

The British invented ฿ritcoin?

SleepWalker · 05-09-2017, 07:59 AM

Quote:

Originally Posted by Relic

That must make some good money right now!

Relic · 05-09-2017, 08:02 AM

Quote:

Originally Posted by SleepWalker

That must make some good money right now!

I have free power here there and everywhere

Paul&John · 05-09-2017, 08:10 AM

Sold some at 1300$

pimpmaster9000 · 05-09-2017, 08:48 AM

why would cloud mining companies let you mine instead of mining for themselves...selling money for money is kind of odd...

freecartoonporn · 05-09-2017, 09:23 AM

Quote:

Originally Posted by crucifissio

why would cloud mining companies let you mine instead of mining for themselves...selling money for money is kind of odd...

Shovel makers make more money than those who shovel.

Barry-xlovecam · 05-09-2017, 10:27 AM

Good luck to the winners ...

Quote:

Last summer, bitcoin's annual rate of supply creation was halved. This was an automatic process, written into bitcoin's code when it was invented in 2008 to reduce the rate of supply every few years to prevent inflation.

"This means half as much bitcoin is being minted in 2017 as in the first half of 2016," Burniske told CNBC via email.

"When that decreasing rate of supply expansion is coupled with ongoing growth in bitcoin being used as a means of exchange and store of value, either velocity must go up or the price must go up to accommodate the market dynamics."

Bitcoin soars above $1,700 as market cap adds $1 billion in just 24 hours

CPA-Rush · 05-09-2017, 10:43 AM

u don't read bitcointalk? u are asking in wrong place most cloud mining take the coins and run .

Bladewire · 05-09-2017, 10:49 AM

Quote:

Originally Posted by SleepWalker

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

If there's money to be made mining, you'll be told the opposite on GFY.

Relic · 05-09-2017, 10:49 AM

Quote:

Originally Posted by freecartoonporn

Shovel makers make more money than those who shovel.

An apt comparison

Relic · 05-09-2017, 10:50 AM

Quote:

Originally Posted by Barry-xlovecam

Good luck to the winners ...

just trying to avoid that perfidious usury

CPA-Rush · 05-09-2017, 10:51 AM

Quote:

Originally Posted by Bladewire

If there's money to be made mining, you'll be told the opposite on GFY.

Relic · 05-09-2017, 10:52 AM

Quote:

Originally Posted by Bladewire

If there's money to be made mining, you'll be told the opposite on GFY.

femdomdestiny · 05-09-2017, 10:56 AM

Quote:

Originally Posted by SleepWalker

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

There are other similar currencies with a similar perspective.

woj · 05-09-2017, 11:55 AM

you aren't going to make any $$ unless the price of bitcoins continues to rise, but then it would be 10x easier to just buy bitcoins instead fiddling with some mining...

just think about it... what idiot would lease a miner to you so you could make profit off it, instead of him?

Tasty1 · 05-09-2017, 12:46 PM

A friend has 2 miners, is only profitable if you have cheap or free electricity.
He bought 2 miners, took 4 months to get the investment back. But on free electricity.

fris · 05-09-2017, 01:03 PM

you would need to invest a lot of money to being worth it

Google Expert · 05-09-2017, 01:11 PM

Quote:

Originally Posted by SleepWalker

Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable?

I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

You won't make anything by mining from home. But you can make good profit by playing the market (buy/sell).

Relic · 05-09-2017, 01:14 PM

I have bots constantly scalping the exchanges with python. I also post on bitcointalk.org/btc-e and I know how to clone coins. It's easy to fuck up and lose all your shit in bitcoin or any coin for that matter. The profit levels are astronomical however. I have been engaged to crypto for 8 years. Bitcoin/Litecoin in particular. Ask me stuff and see for yourself.

Relic · 05-09-2017, 01:18 PM

Relic · 05-09-2017, 01:20 PM

Relic · 05-09-2017, 01:28 PM

freecartoonporn · 05-09-2017, 07:38 PM

Quote:

Originally Posted by Bjorn_Tasty1

A friend has 2 miners, is only profitable if you have cheap or free electricity.
He bought 2 miners, took 4 months to get the investment back. But on free electricity.

how many btc he mined ?

Tasty1 · 05-09-2017, 07:52 PM

Quote:

Originally Posted by freecartoonporn

how many btc he mined ?

Only 1 so far

He was curious about mining so he bought 2 miners.
Looked at the electricity prices in some cheap countries, still too expensive.

But now it is all profit, free electricity. He has a electicity meter that shows how much electricity is used for what cost.

ruff · 05-09-2017, 07:58 PM

Difficulty is too hard to mine BTC. Most the remaining BTC will be mined by giant Chinese mining farms. Just buy and hold. If you want to pay a mining company like Genisis or Hashflare, then buy a contract for Eth, Dash or Zcash. They are currently profitable. I have been mining Zcash myself just for shits and giggles. I am actually making money and paying my electrical bill because the price is so high. But that is more luck than smarts.

Zen- · 05-09-2017, 08:20 PM

My old man mines various altcoins and makes a profit, nothing worth the time you'd spend doing it but it keeps him active and he hates paying gas bills so it heated his house for the winter ^_^

rowan · 05-10-2017, 10:01 AM

Quote:

Originally Posted by crucifissio

why would cloud mining companies let you mine instead of mining for themselves...selling money for money is kind of odd...

I seem to recall that some cloud mining companies were an outright ponzi scheme, with very few (or zero) physical assets, and 'rent' being used to pay out earnings.

If it's a genuine mining operation, the monthly cost should stay the same, but the payouts should be increasing substantially.

rowan · 05-10-2017, 10:12 AM

Quote:

Originally Posted by Zen-

My old man mines various altcoins and makes a profit, nothing worth the time you'd spend doing it but it keeps him active and he hates paying gas bills so it heated his house for the winter ^_^

I've been using custom private pool software to mine several obscure altcoins with a very modest hashrate (which is deliberate). Each individual coin is generally worth very little, but the balance of each builds over time, and the recent sudden rise in BTC value means it's now worth spending a couple of hours to deposit and sell them off.

Spending $20 in electricity to make $300 in Bitcoins is nice, but it's a slow and laid back process, and it doesn't scale... it's really just for geeky fun, with the occasional windfall.

woj · 05-10-2017, 12:03 PM

Quote:

Originally Posted by rowan

Spending $20 in electricity to make $300 in Bitcoins is nice, but it's a slow and laid back process, and it doesn't scale... it's really just for geeky fun, with the occasional windfall.

what's preventing it from scaling? not enough liquidity to sell these obscure coins?

rowan · 05-10-2017, 01:23 PM

Quote:

Originally Posted by woj

what's preventing it from scaling? not enough liquidity to sell these obscure coins?

That's part of the problem, but it's also a bit more work to add an obscure coin. It can be hard to find current source code, active nodes, and sometimes once you fully sync it turns out the state of the blockchain (eg mining rewards, difficulty) isn't what you expected. Some of the older coins with larger blockchains and 'stale' source can also end up being real resource hogs. Running 40+ coin daemons concurrently does present some challenges.

romeo22 · 05-10-2017, 01:37 PM

You wont get rich for month two or five be patient

xXXtesy10 · 05-10-2017, 02:23 PM

rowan · 05-10-2017, 02:53 PM

Quote:

Originally Posted by xXXtesy10

Hmm dunno, as a miner I've been converting my play money to Australian dollars for 6 years now.......

Relic · 05-10-2017, 02:56 PM

Quote:

Originally Posted by rowan

Hmm dunno, as a miner I've been converting my play money to Australian dollars for 6 years now.......

Mtgox User rowan meet Mtgox User relic

Relic · 05-10-2017, 02:58 PM

Quote:

Originally Posted by xXXtesy10

=

maximoi · 05-10-2017, 06:32 PM

What is the safest way to buy, sell and hold BTC or any ALT coin? Don't know much about the process or who's a reputable service provider. I've heard of coinbase and changelly so far.

maximoi · 05-10-2017, 06:34 PM

Quote:

Originally Posted by Relic

I have bots constantly scalping the exchanges with python. I also post on bitcointalk.org/btc-e and I know how to clone coins. It's easy to fuck up and lose all your shit in bitcoin or any coin for that matter. The profit levels are astronomical however. I have been engaged to crypto for 8 years. Bitcoin/Litecoin in particular. Ask me stuff and see for yourself.

What is the safest way to buy, sell and hold BTC or any ALT coin? Don't know much about the process or who's a reputable service provider. I've heard of coinbase and changelly so far.

lezinterracial · 05-10-2017, 09:26 PM

Quote:

Originally Posted by maximoi

What is the safest way to buy, sell and hold BTC or any ALT coin? Don't know much about the process or who's a reputable service provider. I've heard of coinbase and changelly so far.

I have had no problems with coinbase

I linked to my scottrade banking account. Transfer off to multibit or electrum if you want to do spend them though. I have heard they will cancel your account at the drop of a hat if they see you transferring too much or to a casino.

SleepWalker · 05-11-2017, 07:17 AM

Quote:

Originally Posted by Relic

I have bots constantly scalping the exchanges with python. I also post on bitcointalk.org/btc-e and I know how to clone coins. It's easy to fuck up and lose all your shit in bitcoin or any coin for that matter. The profit levels are astronomical however. I have been engaged to crypto for 8 years. Bitcoin/Litecoin in particular. Ask me stuff and see for yourself.

Under what name can I find you on bitcointalk? I sure would like to ask you as stuff or two!

ruff · 05-11-2017, 10:10 PM

Quote:

Originally Posted by Relic

I have bots constantly scalping the exchanges with python. I also post on bitcointalk.org/btc-e and I know how to clone coins. It's easy to fuck up and lose all your shit in bitcoin or any coin for that matter. The profit levels are astronomical however. I have been engaged to crypto for 8 years. Bitcoin/Litecoin in particular. Ask me stuff and see for yourself.

Scalping the exchanges with python?
Knows how to clone coins?
Lose all your shit in bitcoin?
Engaged to crypto for 8 years?

You are definitely the digital dandy.

deonbell · 05-11-2017, 10:30 PM

blockchain is slow as gravy now.

Over a day and no confirmations.

jscott · 05-11-2017, 10:49 PM

Relic obviously has no idea about bitcoin lol

you have to be absolutely dumb as shit to have lost or "almost lost" anything/everything at this point

your posts on this subject are nothing short of just.... funny

JerseyPuma · 05-12-2017, 07:22 AM

Quote:

Originally Posted by deonbell

blockchain is slow as gravy now.

Over a day and no confirmations.

increase your fee. this is a market.

bloggerz · 05-12-2017, 08:29 AM

I bought when it was at $200 a piece, and sitting pretty right now

seeandsee · 05-12-2017, 08:43 AM

btc hitting 10k$?

CPA-Rush · 05-12-2017, 11:36 AM

Quote:

Originally Posted by JerseyPuma

increase your fee. this is a market.

bitcoin take 10 hours now to complete

ruff · 05-12-2017, 11:42 AM

No one should be discouraged about buying BTC just because the price is $1800. This is still a ground floor opportunity. If anyone remembers, I was taking some knocks from some shrub when I was buying at $600. I started buying at less than $200 and have been buying ever since. Dollar cost averaging. Don't get your crypto advice from the nimrods of GFY.

There are a few webmasters here with serious crpto knowledge, but only a few. The rest are investing in Monopoly money.

05-09-2017, 07:46 AM	#1
SleepWalker Confirmed User Industry Role: Join Date: Apr 2009 Posts: 683	With Bitcoin at 1700, still no money to be made mining? Any expert with Bitcoin mining? At $1700 I can't believe this can't be profitable? I don't feel like buying hardware, I see genesis mining as been around for a while for cloud mining. If I buy their Diamond Plan at $1950+maintenance for bitcoin, how much money am I suppose to make? I see I'm suppose to find a bitcoin every 138 day?

05-09-2017, 08:10 AM	#7
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,508	Sold some at 1300$ __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

05-09-2017, 08:48 AM	#8
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	why would cloud mining companies let you mine instead of mining for themselves...selling money for money is kind of odd... __________________ Report a suspicious cracker: Click Here

05-09-2017, 10:43 AM	#11
CPA-Rush small trip to underworld Industry Role: Join Date: Mar 2012 Location: first gen intel 80386/nintendo-gb/arcade/ps1/internet person Posts: 4,927	u don't read bitcointalk? u are asking in wrong place most cloud mining take the coins and run . __________________ automatic exchange - paxum , bitcoin,pm, payza . daizzzy signbucks caution will black-hat black-hat your traffic ignored forever :zuzana designs {firefox- remove some posters \|skills#1\|skills#2\| email >[email protected] } ツ

05-09-2017, 11:55 AM	#18
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,883	you aren't going to make any $$ unless the price of bitcoins continues to rise, but then it would be 10x easier to just buy bitcoins instead fiddling with some mining... just think about it... what idiot would lease a miner to you so you could make profit off it, instead of him? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-09-2017, 12:46 PM	#19
Tasty1 Judge Jury and Executioner Industry Role: Join Date: Jan 2005 Location: South-America Posts: 8,591	A friend has 2 miners, is only profitable if you have cheap or free electricity. He bought 2 miners, took 4 months to get the investment back. But on free electricity. __________________ everything is fake

05-09-2017, 01:03 PM	#20
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 54,515	you would need to invest a lot of money to being worth it __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. my contact: fris at fris.net

05-09-2017, 01:14 PM	#22
Relic So Fucking Banned Join Date: Aug 2002 Posts: 10,300	I have bots constantly scalping the exchanges with python. I also post on bitcointalk.org/btc-e and I know how to clone coins. It's easy to fuck up and lose all your shit in bitcoin or any coin for that matter. The profit levels are astronomical however. I have been engaged to crypto for 8 years. Bitcoin/Litecoin in particular. Ask me stuff and see for yourself.

05-09-2017, 01:18 PM	#23
Relic So Fucking Banned Join Date: Aug 2002 Posts: 10,300

05-09-2017, 01:20 PM	#24
Relic So Fucking Banned Join Date: Aug 2002 Posts: 10,300

05-09-2017, 01:28 PM	#25
Relic So Fucking Banned Join Date: Aug 2002 Posts: 10,300

05-09-2017, 07:58 PM	#28
ruff I have a plan Industry Role: Join Date: Aug 2004 Location: WA - St Kitts Posts: 5,425	Difficulty is too hard to mine BTC. Most the remaining BTC will be mined by giant Chinese mining farms. Just buy and hold. If you want to pay a mining company like Genisis or Hashflare, then buy a contract for Eth, Dash or Zcash. They are currently profitable. I have been mining Zcash myself just for shits and giggles. I am actually making money and paying my electrical bill because the price is so high. But that is more luck than smarts. __________________ Slixa

05-09-2017, 08:20 PM	#29
Zen- Confirmed User Industry Role: Join Date: Jul 2014 Posts: 159	My old man mines various altcoins and makes a profit, nothing worth the time you'd spend doing it but it keeps him active and he hates paying gas bills so it heated his house for the winter ^_^ __________________ The Best Adult CPA Networks To Monetize Your Adult Traffic

05-10-2017, 01:37 PM	#34
romeo22 你自己去他媽的 Industry Role: Join Date: Mar 2008 Posts: 23,343	You wont get rich for month two or five be patient

05-10-2017, 02:23 PM	#35
xXXtesy10 Fakecoin Investor Industry Role: Join Date: Jul 2012 Location: New Delhi, IN Posts: 7,128	__________________ WARNING: Stay Away From Marlboroack aka aka Brandon Ackerman https://gfy.com/21169705-post8.html Donny Long is Felon, Stalker, Scammer & Coward http://www.ripoffreport.com/reports/...lon-int-761244

05-10-2017, 06:32 PM	#39
maximoi Confirmed User Join Date: Apr 2008 Posts: 393	What is the safest way to buy, sell and hold BTC or any ALT coin? Don't know much about the process or who's a reputable service provider. I've heard of coinbase and changelly so far. __________________ email frozenthype [at] gmail com

05-11-2017, 10:30 PM	#44
deonbell Confirmed User Industry Role: Join Date: Sep 2015 Posts: 1,045	blockchain is slow as gravy now. Over a day and no confirmations. __________________ Fake Naked Celebrity Sex Gallery

05-11-2017, 10:49 PM	#45
jscott jscizzle Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 23,130	Relic obviously has no idea about bitcoin lol you have to be absolutely dumb as shit to have lost or "almost lost" anything/everything at this point your posts on this subject are nothing short of just.... funny __________________ “If you think tough men are dangerous, wait until you see what weak men are capable of.” —Jordan B. Peterson Listen to Pomp tell why is Bitcoin important

05-12-2017, 08:29 AM	#47
bloggerz Too lazy to set a custom title Industry Role: Join Date: Dec 2006 Posts: 16,256	I bought when it was at $200 a piece, and sitting pretty right now __________________ I SELL ADULT BACKLINKS! Email: eroticweb>gmail SKYPE: gfybloggerz $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

05-12-2017, 08:43 AM	#48
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	btc hitting 10k$? __________________ BUY MY SIG - 50$/Year Contact here

05-12-2017, 11:42 AM	#50
ruff I have a plan Industry Role: Join Date: Aug 2004 Location: WA - St Kitts Posts: 5,425	No one should be discouraged about buying BTC just because the price is $1800. This is still a ground floor opportunity. If anyone remembers, I was taking some knocks from some shrub when I was buying at $600. I started buying at less than $200 and have been buying ever since. Dollar cost averaging. Don't get your crypto advice from the nimrods of GFY. There are a few webmasters here with serious crpto knowledge, but only a few. The rest are investing in Monopoly money. __________________ Slixa