With Bitcoin at 1700, still no money to be made mining?

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  • SleepWalker
    Confirmed User
    • Apr 2009
    • 683
    #1

    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?
    Tags: None
    • Relic
      So Fucking Banned
      • Aug 2002
      • 10300
      #2
      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?

        Comment

        • freecartoonporn
          Confirmed User
          • Jan 2012
          • 7683
          #3
          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 .
          SSD Cloud Server, VPS Server, Simple Cloud Hosting | DigitalOcean

            Comment

            • Relic
              So Fucking Banned
              • Aug 2002
              • 10300
              #4
              Originally posted by freecartoonporn
              difficulty is keeps on increasing .
              The British invented ฿ritcoin?

                Comment

                • SleepWalker
                  Confirmed User
                  • Apr 2009
                  • 683
                  #5
                  Originally posted by Relic
                  That must make some good money right now!

                    Comment

                    • Relic
                      So Fucking Banned
                      • Aug 2002
                      • 10300
                      #6
                      Originally posted by SleepWalker
                      That must make some good money right now!
                      I have free power here there and everywhere

                        Comment

                        • Paul&John
                          Confirmed User
                          • Aug 2005
                          • 8644
                          #7
                          Sold some at 1300$
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                            • pimpmaster9000
                              Too lazy to set a custom title
                              • Dec 2011
                              • 26732
                              #8
                              why would cloud mining companies let you mine instead of mining for themselves...selling money for money is kind of odd...
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                                • freecartoonporn
                                  Confirmed User
                                  • Jan 2012
                                  • 7683
                                  #9
                                  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.
                                  SSD Cloud Server, VPS Server, Simple Cloud Hosting | DigitalOcean

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                                    • Barry-xlovecam
                                      It's 42
                                      • Jun 2010
                                      • 18083
                                      #10
                                      Good luck to the winners ...

                                      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

                                        Comment

                                        • CPA-Rush
                                          small trip to underworld
                                          • Mar 2012
                                          • 4927
                                          #11
                                          u don't read bitcointalk? u are asking in wrong place most cloud mining take the coins and run .

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                                            • Bladewire
                                              StraightBro
                                              • Aug 2003
                                              • 56228
                                              #12
                                              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.


                                              Skype: CallTomNow

                                                Comment

                                                • Relic
                                                  So Fucking Banned
                                                  • Aug 2002
                                                  • 10300
                                                  #13
                                                  Originally posted by freecartoonporn
                                                  Shovel makers make more money than those who shovel.
                                                  An apt comparison

                                                    Comment

                                                    • Relic
                                                      So Fucking Banned
                                                      • Aug 2002
                                                      • 10300
                                                      #14
                                                      Originally posted by Barry-xlovecam
                                                      Good luck to the winners ...
                                                      just trying to avoid that perfidious usury

                                                        Comment

                                                        • CPA-Rush
                                                          small trip to underworld
                                                          • Mar 2012
                                                          • 4927
                                                          #15
                                                          Originally posted by Bladewire
                                                          If there's money to be made mining, you'll be told the opposite on GFY.

                                                          automatic exchange - paxum , bitcoin,pm, payza

                                                          . daizzzy signbucks caution will black-hat black-hat your traffic

                                                          ignored forever :zuzana designs

                                                            Comment

                                                            • Relic
                                                              So Fucking Banned
                                                              • Aug 2002
                                                              • 10300
                                                              #16
                                                              Originally posted by Bladewire
                                                              If there's money to be made mining, you'll be told the opposite on GFY.

                                                                Comment

                                                                • femdomdestiny
                                                                  Confirmed User
                                                                  • Apr 2007
                                                                  • 5185
                                                                  #17
                                                                  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.
                                                                  Femdom Destiny


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                                                                    • woj
                                                                      <&(©¿©)&>
                                                                      • Jul 2002
                                                                      • 47882
                                                                      #18
                                                                      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?
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                                                                        • Tasty1
                                                                          Bla bla blaa
                                                                          • Jan 2005
                                                                          • 9529
                                                                          #19
                                                                          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

                                                                            Comment

                                                                            • fris
                                                                              Too lazy to set a custom title
                                                                              • Aug 2002
                                                                              • 55697
                                                                              #20
                                                                              you would need to invest a lot of money to being worth it
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                                                                                • Google Expert
                                                                                  Webmaster
                                                                                  • Jun 2004
                                                                                  • 14294
                                                                                  #21
                                                                                  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).

                                                                                    Comment

                                                                                    • Relic
                                                                                      So Fucking Banned
                                                                                      • Aug 2002
                                                                                      • 10300
                                                                                      #22
                                                                                      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.

                                                                                        Comment

                                                                                        • Relic
                                                                                          So Fucking Banned
                                                                                          • Aug 2002
                                                                                          • 10300
                                                                                          #23

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                                                                                            • Relic
                                                                                              So Fucking Banned
                                                                                              • Aug 2002
                                                                                              • 10300
                                                                                              #24

                                                                                                Comment

                                                                                                • Relic
                                                                                                  So Fucking Banned
                                                                                                  • Aug 2002
                                                                                                  • 10300
                                                                                                  #25

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                                                                                                    • freecartoonporn
                                                                                                      Confirmed User
                                                                                                      • Jan 2012
                                                                                                      • 7683
                                                                                                      #26
                                                                                                      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 ?
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                                                                                                        • Tasty1
                                                                                                          Bla bla blaa
                                                                                                          • Jan 2005
                                                                                                          • 9529
                                                                                                          #27
                                                                                                          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.

                                                                                                          everything is fake

                                                                                                            Comment

                                                                                                            • ruff
                                                                                                              I have a plan B
                                                                                                              • Aug 2004
                                                                                                              • 5507
                                                                                                              #28
                                                                                                              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.
                                                                                                              CryptoFeeds

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                                                                                                                • Zen-
                                                                                                                  Confirmed User
                                                                                                                  • Jul 2014
                                                                                                                  • 161
                                                                                                                  #29
                                                                                                                  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 ^_^
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                                                                                                                    • rowan
                                                                                                                      Too lazy to set a custom title
                                                                                                                      • Mar 2002
                                                                                                                      • 17393
                                                                                                                      #30
                                                                                                                      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.

                                                                                                                        Comment

                                                                                                                        • rowan
                                                                                                                          Too lazy to set a custom title
                                                                                                                          • Mar 2002
                                                                                                                          • 17393
                                                                                                                          #31
                                                                                                                          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.

                                                                                                                            Comment

                                                                                                                            • woj
                                                                                                                              <&(©¿©)&>
                                                                                                                              • Jul 2002
                                                                                                                              • 47882
                                                                                                                              #32
                                                                                                                              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?
                                                                                                                              Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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                                                                                                                                • rowan
                                                                                                                                  Too lazy to set a custom title
                                                                                                                                  • Mar 2002
                                                                                                                                  • 17393
                                                                                                                                  #33
                                                                                                                                  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.

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                                                                                                                                    • romeo22
                                                                                                                                      你自己去他媽的
                                                                                                                                      • Mar 2008
                                                                                                                                      • 23350
                                                                                                                                      #34
                                                                                                                                      You wont get rich for month two or five be patient

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                                                                                                                                        • xXXtesy10
                                                                                                                                          Fakecoin Investor
                                                                                                                                          • Jul 2012
                                                                                                                                          • 7127
                                                                                                                                          #35
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                                                                                                                                            • rowan
                                                                                                                                              Too lazy to set a custom title
                                                                                                                                              • Mar 2002
                                                                                                                                              • 17393
                                                                                                                                              #36
                                                                                                                                              Originally posted by xXXtesy10
                                                                                                                                              Hmm dunno, as a miner I've been converting my play money to Australian dollars for 6 years now.......

                                                                                                                                                Comment

                                                                                                                                                • Relic
                                                                                                                                                  So Fucking Banned
                                                                                                                                                  • Aug 2002
                                                                                                                                                  • 10300
                                                                                                                                                  #37
                                                                                                                                                  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

                                                                                                                                                    Comment

                                                                                                                                                    • Relic
                                                                                                                                                      So Fucking Banned
                                                                                                                                                      • Aug 2002
                                                                                                                                                      • 10300
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by xXXtesy10

                                                                                                                                                      =

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                                                                                                                                                        • maximoi
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Apr 2008
                                                                                                                                                          • 393
                                                                                                                                                          #39
                                                                                                                                                          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

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                                                                                                                                                            • maximoi
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Apr 2008
                                                                                                                                                              • 393
                                                                                                                                                              #40
                                                                                                                                                              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.
                                                                                                                                                              email frozenthype [at] gmail com

                                                                                                                                                                Comment

                                                                                                                                                                • lezinterracial
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Jul 2012
                                                                                                                                                                  • 3117
                                                                                                                                                                  #41
                                                                                                                                                                  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.
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                                                                                                                                                                    • SleepWalker
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Apr 2009
                                                                                                                                                                      • 683
                                                                                                                                                                      #42
                                                                                                                                                                      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!

                                                                                                                                                                        Comment

                                                                                                                                                                        • ruff
                                                                                                                                                                          I have a plan B
                                                                                                                                                                          • Aug 2004
                                                                                                                                                                          • 5507
                                                                                                                                                                          #43
                                                                                                                                                                          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.
                                                                                                                                                                          CryptoFeeds

                                                                                                                                                                            Comment

                                                                                                                                                                            • deonbell
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Sep 2015
                                                                                                                                                                              • 1045
                                                                                                                                                                              #44
                                                                                                                                                                              blockchain is slow as gravy now.

                                                                                                                                                                              Over a day and no confirmations.

                                                                                                                                                                                Comment

                                                                                                                                                                                • jscott
                                                                                                                                                                                  jscizzle
                                                                                                                                                                                  • Feb 2001
                                                                                                                                                                                  • 25415
                                                                                                                                                                                  #45
                                                                                                                                                                                  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

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                                                                                                                                                                                    • JerseyPuma
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • May 2002
                                                                                                                                                                                      • 1149
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by deonbell
                                                                                                                                                                                      blockchain is slow as gravy now.

                                                                                                                                                                                      Over a day and no confirmations.
                                                                                                                                                                                      increase your fee. this is a market.
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                                                                                                                                                                                        • bloggerz
                                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                                          • Dec 2006
                                                                                                                                                                                          • 16255
                                                                                                                                                                                          #47
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                                                                                                                                                                                            • seeandsee
                                                                                                                                                                                              Check SIG!
                                                                                                                                                                                              • Mar 2006
                                                                                                                                                                                              • 50945
                                                                                                                                                                                              #48
                                                                                                                                                                                              btc hitting 10k$?
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                                                                                                                                                                                                • CPA-Rush
                                                                                                                                                                                                  small trip to underworld
                                                                                                                                                                                                  • Mar 2012
                                                                                                                                                                                                  • 4927
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by JerseyPuma
                                                                                                                                                                                                  increase your fee. this is a market.
                                                                                                                                                                                                  bitcoin take 10 hours now to complete

                                                                                                                                                                                                  automatic exchange - paxum , bitcoin,pm, payza

                                                                                                                                                                                                  . daizzzy signbucks caution will black-hat black-hat your traffic

                                                                                                                                                                                                  ignored forever :zuzana designs

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                                                                                                                                                                                                    • ruff
                                                                                                                                                                                                      I have a plan B
                                                                                                                                                                                                      • Aug 2004
                                                                                                                                                                                                      • 5507
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      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.
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