bitcoin block erupter usb, bitcoin block erupter usb ...
A look back: The Block Erupter – Monarch Coin
5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)
asic - Is it worthy to use "bitcoin usb block erupter ...
Is anyone buying mining hardware anymore?
Been mining for about 2 years now and I've been using the S5 since its release with positive results. Even with free electricity the difficulty increase is grinding my payouts to a halt and I've been considering another miner but nothing seems to have the hash power to offset the difficulty for long. Currently the S4 looks good as I've seen prices as low as $495. Is anyone considering buying any new hardware or is the consensus buying bitcoin outright now that the difficulty is so high? Thanks for any insight!
So like most people my father decided to join the Bitcoin game late. He purchased a Block Eruptor Cube last night and I will help him set it up this weekend. Here is his reasons. Calculations we did show right now he would average around $12+ dollars a day. At current BTC prices he would break even in about two months. All signs point to BTC rising in 2014, any money he makes would reduce his break even time and offset increased difficulty. He plans to purchase BTC straight out and any gain would offset the price of the hardware. Once past his break even point even with increased difficulty any little money he makes he plans to sit on and hopefully BTC prices increase. So if his outlook is to just break even and if any profit is made its a nice bonus, would you suggest he continue with his plan?
USB Block Erupter questions from a newly interested miner...
OK, I have been seeing a lot of USB block erupter mining devices for sale and have started wondering. How well does something like this work? If I invested in one and then added one or two every once in a while as I had the extra cash could I potentially make any money or would I always be behind the curve? I have seen them selling for anywhere from the $40 range to over a hundred or more dollars. I guess my questions basically is: Would it be worth it to start doing it instead of just thinking and wondering about it. I figured this was the place to ask...thanks for any help
Hello. I am getting into mining just as a hobby and would like to know what power supply I should get if I buy two Antminer S3's. Is it still a good miner for a hobbyist or should I find something else. I can get 2 used for $40~ Thanks!
Are block erupters worth buying with the current prices?
I want to get into mining as a hobby to support the bitcoin/altcoin network. I'm looking to buy 5 erupters and set them up with my Raspberry pi. I found someone selling them for £30 (used) each which is the cheapest I've found. But seeing as they will never break-even, I'm not sure it's worth it. Should I wait? Note: Sorry for my broken English :)
So I'm considering my first mining rig, because I'd like to get into bitcoin (not for the big digibucks) and I wanted to check my reasoning with the this subreddit. I see a lot of disrespect for the Block Erupters, but the cost has come down a bit. Using this configuration, you get 3GH/s for about $1200 in GPU's. Not counting the rest of the build, that nets you 2.5MH/s per $1. Using USB Block Erupters, you get 330MH/s for (based on current exchange) $90.3. This works out to 3.6MH/s per $1. Doesn't it make sense to build a mining rig out of Block Erupters instead of a costlier GPU rig which sucks power and makes noise? EDIT: Added mining rig link.
Hey guys I want to start mining. After doing some research I was ready to pre-order the monarch because it seems so powerful and worth it. Then I searched reddit. I now know I am not going to be getting that, but what out there is the most viable option for mining? Is there some other option? Should I just build a PC with multi AMD cards?
So, I have 6 USB ASIC Miners, they run on average anywhere from 2.1 to 3.1 Gh. I have been mining on EclipseMC for about 2 weeks and only have gotten 0.0105..... BTC. As of right now they appear to be generating next to nothing. Is that enough Gh? Is there a better pool to mine in? Should I just sell these right now and only take a small loss? When I bought them, I used a bitcoin calculator, and it seemed to think I would make my money back in 3.5 months.. but I dont think I can even do that now with the difficulty going up?
My first 30 days running a Bitcoin only E-commerce business.
The MineNinja store, www.mineninja.com, has been up for a month now, so I figure its a good time to reflect on the whole experience of running a business that accepts Bitcoin exclusively. I’ve run other E-commerce websites, mainly selling digital products for PayPal. In my previous experiment I tried adding Bitcoin payment to one of my best performing products and honestly got less than stellar results even offering a huge discount. After studying the market I determined that a better path was to offer a product that would appeal to one of the core segments of the Bitcoin participant population: Bitcoin miners. The MineNinja is a Bitcoin mining controller for managing USB connected ASIC devices. I underestimated how difficult the whole process would be from manufacturing to shipping. The first few orders were very painful to fulfill. There were many late nights spent trying to dial in the packaging and shipping. 3d took some time to get dialed in correctly, and we threw away a ton of failed prints. It was a great learning experience. I also learned that keeping everything denominated in Bitcoin is risky. When the price of Bitcoin fell, and I didn’t update my pricing quick enough, we had sales that resulted in a net loss. I could eliminate this risk by pricing in USD, but it’s a matter of principle to keep it all Bitcoin. I didn’t do any sort of advertising, no Adwords or anything like that. All I have done is just a few posts on bitcoin and Bitcoin related forums. I did a total of 28BTC worth of sales for the first month. Expenses: Startup Investment - 3D printer: $2195 Cost of Goods Sold:
USB Block Erupters: 10BTC
Power Supplies: $75
microSD cards: $100
The USD denominated supplies were personally funded. I am trying to keep all the BTC earnings in BTC. I am moving my supply chain to Bitcoin as practical. I found a cool 3d Printer company www.makergeeks.com that accepts Bitcoin payments so next month’s personal finances will be a little better. I’m still having to pay USD to buy the boards as I have not yet found a supplier that accepts Bitcoin payment. I don’t think my decision to go with a completely open source solution hurt sales too badly. Most customers chose the more expensive ready-to-mine options over the build-your-own. I got hit hard for BeagleBones when the BTC price dropped, and I didn’t adjust prices, but thankfully my low inventories and a recent rebound in price insulated me from disaster. Now that I have shut down my GPUs, I can move the business from the dining room table to the room we now refer to as the "crap room." The big weekend project is to clean it out and convert it into the CoinNinja headquarters. I’ve got quite a few cool things planned for the MineNinja project and other CoinNinja Open Source projects. Stay tuned.
Wealth Formula Episode 187: Ask Buck Part: Part One
Catch the full episode: https://www.wealthformula.com/podcast/187-ask-buck-part-part-one/ Buck: Welcome back to the show everyone and let's get on with the Ask Buck component of today's show. As a reminder this is part one of two. The next one will be airing next week, but we have lots of questions. I want to make sure we give adequate time and yet not bore the lights out of you by making this into a two-hour show. So the first question from Jeffrey Cattell. Jeffrey asked, hey Buck I had a question about investing with an LLC and mortgages. I had heard that purchasing rental properties inside an LLC limits you to getting a commercial mortgage. Can you discuss the differences between commercial and conventional mortgages and how buying within an LLC affects your options. Yes I can certainly give it a try and of course remember I am not an attorney and I am not an adviser these are my opinions and there are things that I've done etc so don't hold me to it, I'm just giving you my perspective. So let me start out by reminding you a little bit about you know the different kinds of mortgages and they're kind of obvious right I mean there are two really two kinds of mortgages there's two residential there's a commercial mortgage. Now residential mortgages I mean that's the kind that you get for your house that's the kind that you might get for a 1 to 4 unit house or duplex or triplex or quad but you can get a second or third mortgage etc but those are all considered residential mortgages. Pricing is obviously best when it's the first one and it's your primary home but these other residential mortgages that you get as a second or third etc are generally favorable in terms of pricing and amortization and all that stuff as well. Now if your property is already owned by an entity such as an LLC or you're buying it in the name of an LLC by definition you are no longer in the residential category because you're declaring to everybody in the world that this is an investment property in which case you must obtain a commercial mortgage which the major difference between the two frankly is just that the commercial mortgages are more expensive and have less favorable terms than residential ones. So how can you potentially get around this okay. So I let me give you an example and again this is not advice but I'm gonna talk about experience and the experience of others around me so I've had a couple of houses that I own in Chicago one of them that I lived in for a few years and now I rent them all. I bought those houses in my name and therefore at the time we got mortgages and the mortgages are in my name, my wife and my name in this case, but after they were purchased in personal name and mortgages were issued, I then transferred them over especially after obviously when I moved down and I rented the place out into an LLC. So they are now deeded to an entity each shows actually deeded to a separate entity. The process that used to do this is called a quitclaim deed. So if you want to ask your attorney about doing something like this is called a quitclaim deed. Now theoretically and I emphasize the theoretical here if you do this your mortgage could be called. Why? Because in your mortgage usually it's gonna tell you you you know you you know this is a mortgage on you and that if you make these kinds of changes you gotta let them know. In practice though what I have found and this is the part where I keep emphasizing I am not giving you advice is that everyone does this right everyone does a quitclaim deed everyone does it. My dad has been doing this for 50 years and has never had a problem. I'm doing it now and these are major banks they even know about it they don't seem to care. Anyway as long as the mortgage gets paid it seems like no one cares. So bottom line is what most people do what I've done for these smaller properties, buy them in your own name quitclaim deed, so you can't but in your own name get the good better mortgage and then quitclaim. Am I advising you to do that? No. I'm not advising you on anything just what I do what I've done what my dad's done and a lot of people I know have done. Okay all right so that is the first question. Now I'm going to move over to an audio question because some of you weren't chicken. Just kidding I'm kidding about that but audio questions are fun they're fun to hear from people so let's see the so I got have a question here from Garth. Okay Garth here we go. Garth: Hello Dr. Joffrey this is Garth in Portland Oregon. I understand the definition of accredited investor which I am not one but I've also heard a term sophisticated investor and I'm wondering if that is different than accredited investor and if so what do I need to do to get that title? Thanks. Buck: Thanks for the question Garth. So the question really is what is a sophisticated investor? Well first of all why does this matter in the first place it's all accredited sophisticated stuff? Well the answer that, for private placements in real estate a certain kind of offering is frequently used called a Regulation D offering, it's the typical structure. Regulation D, a Regulation D offering allows you to move forward with a private offering without pushing it through the SEC for formal classification as the security. Now why would you not want to file with the SEC? Well there's two reasons really cost in time, it's expensive. But the bigger issue in terms of real estate is a very practical one it's the element of time. So if you're doing an SEC filing and you know on an offering it's gonna take you at least a year to get that through the SEC and contrast that with the fact that when you get a building under contract and you know one of the properties that we do an investor club for example, usually you got some under contract you raise capital you close the building and all that it's happening within three months, so you only usually have a very short period of time, you don't have time to send that to the SEC and let them mess around with it. And the SEC in reality knows this so this is not a new new thing this regulation D, it's been around forever you know but so they provide this as an exception to the rule they say if you're not going to file with the SEC you can still do this legally but it has to be under this kind of exemption Reg D and these are limited, these will be limited to investors that are either accredited which we've talked about before, you make $200,000 a year for two years with a reasonable expectation of doing it again the next year, $300,000 if filing jointly and/or a net worth of $1,000,000 outside of your personal residence. That is an accredited investor. What's a sophisticated investor? Well that's the problem right? So that's that's not very clear, it's not very clear at all and it's a little nebulous and when it's not clear frankly often that becomes the area of abuse. There's no clear definition of a sophisticated investor. Sophisticated investors are supposed to be financially savvy. They're supposed to have experience and knowledge and acumen that makes them more qualified to make decisions about these types of more sophisticated investments than your average Joe. But the problem is that it's essentially up to the fundraiser to determine if an individual is sophisticated or not. Now I have seen situations where people join say a real estate gurus organization and immediately upon paying for the course they are somehow deemed sophisticated and start investing in other students deals within that ecosystem, a bit shady if you ask me but it is what it is. Now that's not to suggest that you in particular are not sophisticated because if you're listening to this show there's a very good chance you are sophisticated, you may you know just understand the language well and you may understand real estate well you may own a bunch of real estate and you want to invest passively in a real estate syndication and in those cases you might be sophisticated, you know. I mean it is a little bit random because you know I run into people who are making you know doctors who are making five hundred thousand dollars a year but they've only made it for eighteen months and so therefore they're not accredited, right? So then you have to make some judgment calls but anyway bottom line is sophisticated is subjective but I think the biggest problem for this terminology is that there really is no safe harbor in my opinion at least that makes it really really difficult to deal with from the side of the operator and therefore in our group in general for investor club it's very rare when we will you know not require the true accredited definition and the reality is most major syndicators won't even consider sophisticated investors who are not accredited for this reason, it just becomes one of those situations you don't want to put yourself in trouble. Okay so let's go to the next question or a couple questions from the same individual so that's fine too, okay from Ron. Ron: I have a question about Bitcoin. Where do the new bitcoins come from in short I know we are accurate we have and they create blocks in those blocks we store transactions and the miners get a fee for building a block that's 12 Bitcoin I believe so are those 12 bitcoins also getting into relation we'll end up with those 21 million bitcoins in the end or is there something else? So that's my question can you help me with that. Thank you. Buck: Sure Ron pretty straightforward I mean without getting into too much technical the new Bitcoin you mentioned you know the whole mining basically the new Bitcoin come from doing the mathematical work to solve these complex mathematical problems that's what these supercomputers do those are the miners and then there's a competition whoever gets the answer first as you mentioned gets rewarded with this fee, they get rewarded with Bitcoin and that's weird those Bitcoin are actually generated so that's what it means to mine Bitcoin and you're also right they'll never be more than 21 million Bitcoin you know so that's one of the true values of Bitcoin is that it is a finite thing there’ll never be more than 21 million so the fact that some go out of circulation to get lost etc it's deflationary in that regard. The last thing I guess I would point out is you know what happens after mining is complete with 21 million well basically miners get paid for exchanges transfers etc at that point but it'll be interesting to see how that all turns out at that point. All right I think Ron has another question here and I think it's related. Ron: Hello there Buck. Ron again here with a question, a what-if scenario. What if my thousand dollar worth of Bitcoin explodes and all of a sudden it's 1 million and I started with storing it on my Ledger Nano S. Is that still a good way to go when it's about a million or maybe 10 million or do I need to have some other methods in place due to spread risks or to be safe? Please let me know. Thank you. Bye bye. Buck: Alright well a good question you know what Ron is talking about is the Ledger Nano S which is a hardware wallet it basically is something that's stored offline. Now listen that's what makes it so resistant to you know any kind of hacking right so you're not it's you're not online if you're not online no one can get to you, you know a hacker and Russia can't get to you, you know. But so if you suddenly end up with a million dollars of Bitcoin or more the reality is that in terms of the ledger it's just as bulletproof as before. I think the issue becomes when people have you know when they get like several million dollars a Bitcoin or Bitcoin million you know multi millionaires and billionaires or whatever then you know I may become a little nerve-racking just to have this little ledger around here right you may want to have you might want to have a little bit more protection than that in which case you might consider some kind of a custodian service like Gemini etc, but that's you know that's not necessary because one of the things about Bitcoin one of the appeals is that itself the ability to self custodian this stuff right you don't need a bank for this. And so I guarantee you that people are walking around with millions of dollars on their ledgers. Now I will point out that you know Ledger Nano S is just one Hardware wallet and you can get a lot more sophisticated and complicated type things you can even get a like a multi signature wallet Hardware wallet would that would require you know multiple people's keys in order to get to the cryptocurrency which you know I mean if you end up with a ton of money in crypto currency that's you know that's probably something that you might want to do. Okay next question from John Jillette. Hi Buck love your podcast been extremely helpful in increasing my financial intelligence. There's been talk about impending financial crisis from well-known economist Dent, Rickards and Schiff. What do you believe in the percentage chance that we go into a 2008 like financial crisis in the next couple years? Also as the recession is always coming how much dry powder do you recommend having at this point in the cycle scoop up deals when there's “blood in the streets”? Good question John the problem in my view with those guys that you talked about Harry Dent, Jim Rickards, Peter Schiff all super smart guys right and Harry Dent was on the show recently, is that they've all been predicting the same darn thing for at least four or five years now, right? I mean and it hasn't happened and when there is some sort of pull back because as you said there's always gonna be a recession at some point why is it after you blood in the street, you know? The bottom line is that you know Harry Dent in our last show even said you know I said dude it's hard to predict when right yeah it's hard to predict one I absolutely admit that. So what do you do then because let me give you an example of the counter risk to this whole you know this whole world of fear-mongering, and I'm not saying those guys are just doing that on purpose for that reason, I mean I do think that you know if your whole thing is like the world is coming to an end and you need to buy gold and your major business is selling gold then you know it's a little bit hard to swallow sometimes but let me give you an example of what could happen. So six years ago because you know I said before that Peter and you know all these guys have been talking about for five years at least about how you know everything's going to hell. Six years ago there was a company that we work with now called Western Wealth Capital and Investor Club and they have an investor who has put in twenty five thousand dollars and every deal for the last six years and they have a really unique model of people within our group know a lot about it. The total of seven hundred fifty thousand dollars was invested out-of-pocket during that period of time but the principle is now worth four million dollars. Now those are pretty exceptional numbers right that comes out to you know an annualized return of about a hundred percent and I'm not saying that that is you know what's going to happen in the future, but what I would skew to consider is what if we'd been listening to that advice for five years now? If this person had done that would they have done well? Okay well obviously not because you know if you stopped investing because of because of fear then you didn't make any money. Is it a guarantee that they would have lost money? Absolutely not. I mean listen these deals are really solid they go in there and they start to de-risk these things right away by driving up net operating income and maybe you know maybe wouldn’t have made as much money, but would it have lost a bunch of money? Well personally I just don't I don't think so. Now listen I'm not saying there will not be a recession. As I said eventually there will be. The problem is that we cannot time it and we cannot really quantify the magnitude. As much as people would love to talk about this blood and the street thing I mean the major mainstream economists and ITR Economics who I like don't think it's gonna be that big, they think it's gonna be stuck to the manufacturing and industrial sectors. So what do we do? So what do I do? I should say that I stick to quality assets and quality areas, I create value the moment you know that and then we create value in those assets the moment we acquire them, right? So that helps that whole value add concepts helps de-risk any project by dynamically decompressing cap rates. So think about it you you know you you buy something at a certain cap rate all the sudden you're driving in net operating income and you dynamically decompress your cap rates you have a better margin over your debt burden your risk is significantly lowered and if you can get all of your money out of the deal with a refinance all of your risk is gone okay. So now if there is a downturn and you're in one of these things you want to be in a position where you can ride out the storm with assets you already own and then, and then, this is the important part, lean into the downturn right lots of people freeze up when things go south or but the right thing to do is to be greedy when others are scared. So by continuing to deploy on a regular basis my personal belief is that you can volume average your way through a downturn and get capital preservation and then hopefully pick up some really cheap assets, ride them back up and hopefully it you know you end up in really good shape. That's my own approach to this. I'm not sitting around waiting for zombies to you know erupt out of the ground and start you know only accepting silver dollars, you know from a monster box. I'm just that's just not I just don't see it. As for the current financial climate I'd say the banks are, and I think again most economists would tell you that the banks are in a lot better shape than they were in 2008. I don't think that there's necessarily anything that looks like 2008. I think GDP has grown at a record for a record length of time it's been sluggish but on the other hand you know so in other words there will be some kind of recession eventually but why does it need to be blood in the streets? See we have to remember that before 2008 there was such thing as a recession that you just hear about like three months after it happened right it doesn't always have to be cataclysmic. Now you know talking about these guys you know Peter Schiff himself talks about you know the nature of this crisis that he sees happening and what he describes it as, is a dollar crisis. And if it's a dollar crisis what that means is it's gonna result in inflation. Now inflation is good for real estate. Conversely you've got Harry Dent who's talking about a deflationary recession which I have a harder time believing because of how it affects our own ability to pay you know Treasury holders, US Treasury holders, but you know even Harry thinks in his scenario that well you might as well you know own multifamily real estate because the demographics would suggest that that would be a safe place to be now Harry's a demographics guy. Now listen who knows what'll really happen just because Harry said that and Peter said that and I said this it could be completely something different, but if you do nothing and keep all your money in a bank you're guaranteed to lose money with inflation in my opinion because again I don't think it's gonna be deflationary I've been over that before. And as for dry powder it’s always good to have some obviously right I mean it's always good to have some, so it's hard to quantify how much. The way I have done it is I use as you may know I'm sure you know by now I am an advocate for Wealth Formula Banking because I like the option of you know being able to borrow etc. now for this purpose I use Wealth Formula Banking because it's it's sort of a source of liquidity for me that I can access very quickly that it's out of the banking system but how much dry powder I keep, generally relies on my contribution to the Wealth Formula Banking policy every year. So it's one of the things that sort of keeps me honest right I have to put a certain amount every year in there all the way up to the paid up perdition's and so that's basically circulating as my you know almost like a bond portfolio of liquidity in case I need it, so that's how I do it. But that being said, I'm also in a situation where I am very incentivized to invest rather than to keep my money around or invest in anything that's not real estate so I probably could do a better job with keeping a little bit more dry powder around. Anyway right now, so Wealth Formula Banking that's where my dry powder is and like I said that's where it keeps me disciplined, but I do not have a crystal ball and I don't really I'd really don't foresee myself anything horrible happening so I mean if I did if I was sure of it I'd probably I'm sure I would just you know have a bunch of money sitting around but I don't see any serious indication of that frankly. You know and I should point out I saw today you know Ray Dalio came out and said even about the stock market that he's bullish still right on the stock market, right? I'm not saying I'm bullish on the stock market but the point is there's some still some big names not really like hiding out in shorting markets at this point. So anyway I don't know that I even came close to answering your question but I talked a lot so let's see here. Next question Jason got an audio question. Jason: Buck, this is Jason Beck from The Rock Arkansas. Wanted to see if you had come across any good ways to utilize raw land investments for a tax-advantaged purpose. I've got some land that is timber and some more land that is pasture that we keep some horses on. I want to see if you had seen anybody utilize either various schedules on their tax returns or creation of entities to try to gain some tax advantage from those type of investments? Buck: Yeah the big one that comes to mind Jason is conservation easements. Now you know as soon as I say that a lot of people think oh that's that one thing that's kind of like that the IRS hates and they write articles about to try to scare people off of them and that's actually not totally the case the thing that IRS really hates are the syndicated conservation easements even those you know they're totally lawful but what I'm talking about is conservation easements on your own land which really are not controversial for the most part at all. So basically here's how that works okay. Effectively what you do in a conservation easement is you commit your land you still keep it you don't give it but you're giving up certain rights, you remember like yeah if you do any kind of real estate you know there's land rights there's ground rights all that kind of stuff. Anyway, in this case you're giving up the right to develop the land and or or in some cases if it's a mining situation, giving up the right to drill on the land. And if you do that what's interesting is that and what's powerful is that you can if you’ve done it appropriately get a valuation on your lands maximum value if it were to be used for that other purpose. Well let's give a give you an example so it's not so nebulous in other words say the alternative of keeping your horse pasture land was to build a multi-million dollar resort and you had all the plans you had architectural drawings etc. In that case you could theoretically get a valuation of how much that resort would be valued at and take the deduction for the amount of the valuation that you got instead of the value that your land currently has. So as you can imagine that could be an enormous potential tax benefit and so I would probably look into that for sure there's some very famous people who use that, Ted Turner CNN that's why he's got so many Buffalo, people say Donald Trump that's one of the reasons why he has so many golf courses but of course we don't see his tax return so we don't know that for sure. Anyway I know the guy you should speak with and I have already sent you a connection via email. Okay next question when evaluating a private placement opportunity I should say I don't I for some reason I don't have a name on this one so I apologize, but when evaluating a private placement opportunity, how important is it to you that the general partner has their own personal money invested in the deal? Well the answer is it depends okay. Let's take Ken McElroy for example let's take Western Wealth Capital and those guys for example Ken's be a better example because Western Wealth Capital I know got a couple of million dollars in every deal but let's take Ken. In the past you know where he was I've invested in as a limited partner in companies deals where you know I neither Ken was putting any money in and does that bother me not really. Why? Well listen I know Ken's model and he doesn't really get rewarded unless the asset performs. I also know Ken personally and know that he works hard, has a lot of integrity and takes pride in his work. He's got a tremendous track record and I also know that it takes a lot of work to do what he does, so not getting rewarded financially until the you know property starts to really perform the way he pro formas it out is a type of sweat equity because what you're talking about ultimately is skin in the game. Does the operator have skin in the game? And the question really I think is better termed you know does the operator have skin in the game? Because the skin in the game can also come in the form of sweat equity. Now if Ken in his case doesn't get paid unless investors get paid, I would definitely consider that skin in the game knowing how much work that is. Now the problem these days in my opinion is that there is you know there's everybody and their mother is a syndicator. And you know what I'm talking about right? So you've got all these people I was in here, I'm a full-time software engineer we're 50 hours a week and oh yeah and I just went to a guru course and I'm you know I'm taking down a twenty five million dollar asset would you like to join me? Those people are everywhere now and in those kinds of deals personally I would never invest anyway. However, if you do you should demand heavy skin in the game through cash why because you don't you know you don't know what they're gonna do, they don’t have a huge track record, they've got full-time jobs this isn't just about plugging in a property manager and taking your cut that's BS you know but honestly I would stay away from those deals all together personally you don't want to be part of someone's learning curve. All right let's see next question I have this via email here, I'm gonna read it. Okay so the next question is from Kenny. Kenny French is asking he says hi Buck I'm a podcast listener and Western Wealth Capital investor as well. I'm currently working with Rod Zabriskie to set up Wealth Formula Banking life insurance policy. So far everything has been going pretty smoothly with one exception. One of the features that I really like about the life insurance policy is it offers a way to have money grow that is protected from creditors and it really gives me a peace of mind to know that I will have a good chunk of money set aside for my family that can't or at least is very difficult for creditors or anyone else to touch. In looking how to hold that policy in a trust LLC personally etc I found out that California, where I live, that's where I live too, has terrible protections for life insurance policies. They only exempt a very small amount less than $20,000 presumably of cash values what we're talking about there, but from the little bit of research I did it looks like a Nevada trust may be the way to go, either way I think this would make for a good podcast topic to do a bit of a dive into so that's why I'm reading that and I got Kenny's okay to do this. So I thought was a good question. So what I did is I actually ran this by Doug Lodmell of Lodmell and Lodmell. Doug is of course my asset protection attorney, very smart guy, all-around good guy. I also want to put a plug in for him if you go to wealthformula.com and you go to there's basically some where you can click there and Doug did this really good webinar on asset protection from sort of the very basic to the more complex and he's just really really good so I would highly recommend you consider using him if any of this stuff is relevant to you. So here's the deal, and here's effectively the answer I've got from Doug: life insurance in many states is already a protected asset, so part of the issue is you got to check in your own state like Kenny did, as in some states like Kenny he's talking about California life insurance turns into pretty much just like an asset like any other asset and it has to be put into an asset protected vehicle. But because it is life insurance, there is an additional consideration of what happens when the policy pays out and how that affects the estate and for that reason there's also an additional choice which is an ILIT which stands for irrevocable life insurance trust. So the issue is that life insurance obviously has a death benefit which could impact the size of your estate and this must be a primary driver for where you hold it. If the death benefit will create or increase in estate tax, then the policy should be held by either an ILIT or another type of gift type trust like a dynasty trust. If the death benefit will not affect the estate tax because the total estate is below the exemption then I would suggest using an asset protection trust asset protection structure to hold the insurance if you are not in a state with good protections. He says it also matters if the insured is using life insurance as a savings vehicle and will need it for their retirement, as often we do with these kinds of things. If so then it is better in an asset protection plan. So I know that was a lot. So first of all if you know you're one of these if you have one of these plans I mean Kenny brings up a very good point you you sure look into this if you're looking for the asset protection component of this too. A few thoughts here okay, first of all you know the first thing to do is check your state and see what kind of protections you have. Next you know the ILIT is certainly an option right I mean it's it's just it's not very expensive it is a couple thousand dollars and you can use that, the problem with that it's difficult to to borrow out of. The next thing to consider is okay how big is that life insurance policy right? If it's three four million bucks, may not be a big deal especially if the rest of your estate is sitting outside of your estate or you've got a plan to have it outside of your estate then you can still figure out you know how to keep you know your estate stuff below you know whatever I think it's probably gonna sunset down to five and a half million or something like that for estate taxes. So in that regard, it seems to me that the smart thing to do would be to use like an asset protection trust which is you know certainly an option that that Doug can help you with, and frankly the nice thing about that is that you know you've got the protection from the creditors and it's still available for retirement. Now if you've got a great big you know death benefit on there, the next step really and actually this step that I've got is a dynasty trust, that was a Nevada dynasty trust and I've got one of those. In that situation though you are getting a trustee involved so you're not directly controlling it. Now I can tell you from personal experience that it's actually relatively not that difficult, you know to work with the trustee, but it does make it a little bit more difficult you know to get the cash available for the insured to use so that's the one thing to consider. Now Doug makes the point that you can also in some situations take an asset protection trust that automatically converts to a dynasty trust at death so then it's really the most flexible tool for most people so that might be the way to go. I think based on what I'm hearing and that's actually different from what I did but you know it was before I met Doug but I might have done like an asset protection trust that converted into a dynasty trust later that might have been what I would have done. Anyway complicated question complicated answer and that's kind of where I'll leave it because I've got a little headache from that last one at this point. So that's it for this week and that is just like half the questions we've got. We've been going on for a while. So that's it for me this week on Wealth Formula Podcast for Ask Buck Part One and we'll be back next week with part two.
The phone is in great quality. Some scratches on the screen, there are some dents on the sides of the phone but otherwise the phone functions like it's brand new. The phone will include the original charger, original box, 2 Anker replacement batteries, a battery wall/USB charger, and a Spigen case.
I am selling two of these, they are both in great quality. There are scratches on the front and back glass, but no cracks. One phone currently has a screen protected that can be removed if requested. I am only selling the phones, no chargers/boxes.
All games are in working condition, include the case but may not include all papers/pamphlets
All prices include shipping within the continental US. If you're interested in shipping elsewhere, PM me and we can work something out. I'm willing to negotiate on the pricing, so just let me know if you're interested in doing that. Please feel free to ask for any additional information concerning any items, as I was a bit unsure of what kind of info to include. I apologize for some of the timestamp orientations, Imgur kept automatically reshifting my images and I gave up on trying to fix it! Thanks!
How worthwhile would it be to invest in Bitcoin mining?
Hello all, I posted a question earlier asking about Bitcoin faucets and if they're really worth it. However, I have started looking into Bitcoin Mining; I know that a good amount of people do it, mostly for the profit of it. I saw the AntMiner S7, and thought that it would be decently affordable (and would pay itself off soon enough). Upon further research, however, I have noticed that there are certain drawbacks to it. The biggest problem I've noticed is the "difficulty" factor. I feel that the returns will diminish too quickly. Also, since the Bitcoin price is subject to changes, I am afraid that the Bitcoin price may suddenly fall before the AntMiner will pay for itself. Another option would be to get a block erupter too, but I just don't know if it's worth it. Alas, I'm here to ask those of you who have experience with this... Is it too late to get in the game, or is there still an opportunity here?
[GUIDE] How you can help decentralize the network using p2pool and rented hashing power.
Hey guys, After seeing this ghash.io 51% drama play out for the second time I've decided to start contributing to the network using P2pool. I don't own any SHA256 mining hardware aside from a 330mh block erupter, so I started looking around for hashpower for rent that wouldn't cost me too much. I settled on using Betarigs and Nicehash, services that I already use to lease X13 hashpower on my GPU rigs. I found cheap hashing power on these services that would put me close to breaking even. So far the costs have been very small and I have put an average of 2TH on a local p2pool node. It's not much but every GH counts! I've made instructions for renting on both websites. Be warned that P2Pool has a high variance due to their low hashrate, so ideally you would want to mine for a sustained period with a lower hashrate to balance it out. The NiceHash method: You will need:
Create an account at NiceHash.com and add 0.01BTC on the deposit page.
go to http://www.bitcoinx.com/profit/ and work out the amount of coins you will earn per terahash (0.0428 at the time of writing) This is the target price for your order. (please note that orders at a higher price take priority so matching the highest order guarantees that you will get your hashrate but is more expensive)
Click the orders tab at the top of the page and create an order. Select SHA256 from the algorithm dropdown menu. The price per terahash should be slightly higher than the estimate you found on BitcoinX. Check which orders are going through on the front page and try to match that price. Limit the amount of mining power to 1 terahash per second to ensure your miner is going for as long as possible (this means there is less potential for variance).
Find a p2pool node that is close to you. You can use http://p2pool-nodes.info/ for this. Find a node that is close to you and click on the url. Check the efficiency is around 100%. If it isn't, go back and find another node. If the node does fit the criteria you can proceed to the next step.
Put the node URL (minus the http:// and port) into the pool address box on Nicehash. The port (usually 9332) should be put in the port box to the right.
Put your BTC address in the user field and x in the password field. Double check to verify everything is correct and place the order.
You should soon see the hashrate of the p2pool node you are connected to go up and your address show up in the stats field. If this doesn't happen within 20 minutes, either edit your order to have a higher price per TH or wait for the higher priced orders to finish. The Betarigs method This method is cheaper than using Nicehash as you are renting hardware rather than raw hashrate, which you pay a 'convenience fee' for. This is not as straightforward but will cost you less and give you more choice of the rig you want to rent. You will need:
A Betarigs.com account (Sign up on their site for free)
Sign up for a Betarigs account using the register link in the top right of the page and follow the steps to sign up.
At the top left of the page, go to rent a rig and select SHA-256.
Turn on results for all of the available rig sizes and hit search. You will see a list of rigs and their price per day, hashrate and price per TH on the right. The rigs displayed first are the cheapest per TH, placing them closer to breaking even with mining profit (while helping the network. Sweet!)
Find a rig with a low price per TH that is within your price range. You can pick up an Antminer S1 for around 0.008 per 24h, often cheaper. When you've found a rig you would like to rent, click the green 'Rent Rig!' button to the right of the result.
Double check that the information is correct and confirm that you would like to rent the rig. You will be taken to a page with fields for your pool, user and password.
Find a p2pool node that is close to you. You can use http://p2pool-nodes.info/ for this. Find a node that is close to you and click on the url. Check the node's efficiency is close to or above 100%. If it isn't, go back and find another node. If the node does fit the criteria you can proceed to the next step.
Put the node URL (minus the http://) into the pool address box on Nicehash. The port should go on the end of the url in this format - url:port
Put your BTC address in the user field and x in the password field. Double check to verify everything is correct and click 'update the target mining pool'.
Send the exact amount of BTC specified by Betarigs to the address displayed at the top of the control panel. After one confirmation, the rig will start to mine and you will be able to check your status on the p2pool node page soon!
I have around 1.5 TH (!1.2TH from NiceHash, ~300GH from Betarigs) pointed at a local p2pool node, 2-400gh of which should last for 3 days to 1 week. I decided to do this to decentralize the network rather than for profit although I do seem to be breaking even so far. P2Pool varies wildly so a lot of it is down to luck. I may add a picture tutorial if this picks up enough interest, as I aim to make this guide as noob friendly as possible. Please reply with any additions and I will add them to the OP. Thanks for reading and keep hashing! :)
This is a somewhat long story. I started with BTC around 2012, first as a curious, then by joining Slush Pool with GPU mining. It was a good time to mine with CPU/GPU, and I could get around 1.0 BTC. It was that time when the block erupters arrived, and ASICS were still at design level. I crawled through faucets getting some satoshis, played a lot of Satoshidice, and finally discovered the first Exchange in Brazil (will not ad them here, even though I still trade with them). Then, on July 2013 I had a little bit less than 3 BTC, when I saw at bitcointalk.org [https://bitcointalk.org/index.php?topic=252180.0;imode] what was to become my doom: a guy(?) called vdragon was selling a batch of BTC Erupters. Those provided more hash power than what I had, with less energy consumption. Lots of other guys were jumping the bandwagon, and I decided to do the same. I "bought" 3 pieces, with a total amount of 2.67 BTC which I calculated would be returned with the new mining power within a couple of months. vdragon was trading them at the market price, and trades like this were happening all the time at the forum. Needless to say all of us who bought the erupters never received them. We opened a thread on the SCAM forum of bitcointalk.org, but it never went further than it. Some investigations pinned vdragon in either England or Germany, but police couldn't do anything else due to lack of evidence and BTC anonymity. After this, I exchanged part of the BTC I had left, keeping only a few cents (0,027 BTC - I don't really know why). I shut down my fill node, and kept following on the news, but the mere fact of remembering I was stupid enough to blindly trust someone without previous research kept me away of the BTC scene. Until last month, at least, when I checked the exchange rate between BTC and BRL. I remembered I had a wallet.dat file, and spent 3 weeks trying every password I have used in my life, until I finally found the correct password. Those 0.027 covered all my losses, and suddenly I saw myself HODLing again. I've watched as much Andreas' videos as possible, read "Mastering Bitcoin" on Github (paper version is on the way), bought a few more cents, installed Mycelium and transferred those 0.027 there. Also, my full node is back online and I'm setting a LN daemon as well. With this amount, I'm trying my best to disseminate the technology to friends and colleagues, and I can proudly say that since last week there are at least 30 new adopters in the city I live, with much more to come. The most interesting part of the story for those who heard me is when I tell them I was fooled, but this fact didn't affected my belief in the technology and its potential. I'm back to the game! TL;DR: Lost 2.67 BTC in a scam, left the community for 4 years, and returned after overcoming the shame of being fooled, influencing people in my city.
So it was about time to do another upgrade. The last full build I did was back in September of 2009 where I got a Phenom II x4 945 @ 3GHz. While it was an amazing chip and I was able to overclock it to 3.4 GHz (this was a non-black edition) it just couldn't keep up with some newer titles like BF4 and Guild Wars 2. I upgraded my GPU to the 7870 XT back in April and with a mild overclock it still does an amazing job. I was able to reuse quite a bit from my old build including RAM, PSU, and Heatsink. PCPartPicker part list / Price breakdown by merchant / Benchmarks
Prices include shipping, taxes, and discounts when available.
Generated by PCPartPicker 2013-11-18 08:01 EST-0500
Crappy cell phone pics The first thing I noticed was the SSD. Damn does that make the OS fast. I should have gotten one sooner. Everything is snappier from launching apps to bootup. I no longer dread having to reboot my PC. The mobo also posts lightning fast to help reduce bootup times. The case is great too. So much more room than my CM Storm Scout. With all the case fans going at max speed it was a little bit louder than my previous case but once I enabled the Asus Fan Xpert it slowed them all down so it was much quieter. "AMD over Intel for gaming? YOU FOOL!" Yeah, well I've always appreciated AMD's performance per dollar. I'm betting that since both next gen consoles have 8-core AMD chips that game developers will really start utilizing extra threads. Being a Software Engineer myself I know how hard multi-threaded programming is but I think the Frostbite engine shows it possible. Final note, I bought all this with Bitcoin. I did some lite GPU mining back in college and I have a few ASICMiner Block Erupters running. Bitcoin has reached a price where I felt comfortable cashing some in. Plus getting a new Chromebook for the wife helped sell her on the idea.
MAD Doge - Such Problems, Much Solutions, Year of DOGE. (March 30th, 2014)
MAD Doge – 3/30/2014 The epic battle in price PANIC! PANIC? Well yes, panic if you want, it’s apocalypse time.
ASICs - What's wrong with efficiency?
ASICs concentrate the mining power to connected and individuals who can either build the mining devices or fabricate the chips. Since they are application specific, the cost and availability is not held up by alternative uses.
ASICs introduce incredible hashing power which can allow 51% attacks for a cost-effective price. Additionally, Multipool effects can be multiplied as well as become easier with ASIC / GPU combined mining.
ASICs are a losing game unless you have the ability to get in on unreleased designs. Buying an ASIC without access to these designs will always leave you at a generation behind the current standard. (Look at Block Erupters - The people who purchased them for $100/piece are doomed to sell them for less as mining can never compensate their losses)
Cryptocurrency is considered a property for taxable purposes, this can cause problems since there are a variety of ways this can be considered, referencing transactions for new transactions will cause a variety of exchange rates to be concentrated at one transaction and the change in value overall has to be calculated for it to be reported on your W-2 tax form (For the USA MAD Doge's)
Cryptocurrency exchanges might accept this and fight to keep this since you will be required to use a cryptocurrency exchange or similar group to track your transactions for taxable purposes. This ADDS additional transaction fees that go directly against one of the core goals of BitCoin...minimal transaction fees - VIDEO LINK (Notice anything that has changed since the generation of this video?.
The need for DogeCoin to have a higher value
DogeCoin needs a higher value as time goes on in order to keep people mining and to avoid the profitability of a 51% attack. Unfortunately, the last halving has left us at only an increase from some of the lowest numbers to around 120 satoshi. Even though this is above double the last average low (58 satoshi), this is actually lower in tradeable value as DogeCoin has dropped with BitCoin to less than the comfortable average of $0.001/DOGE - Side Note: If you're reading this, reply to this post with a joke, I'll tip a bunch.
DogeCoin Value can increase one of two ways and a variety in between: A jump in mining cost and overal hashrate (all else held constant) or a jump in DogeCoin demand. Some might think that ASIC's are a great solution since the hashrate will jump through the roof, however this is foolish. There will not be a cost rise overall since the price to mine will drop as these new asics are rolled out. The difficulty will rise and mining will be backed by a smaller group that mine at a lower cost, thus the new miners will be willing to sell for less.
What am I doing? How am I invested in a solution? (WOW SUCH LONG READ)
I mine via GPU's, my current hashrate is 700-900kh/s. I am running 7790 graphics cards and have recently switched to two 270's which are at 420kh/s average. They're not getting much return, but at least I'm helping keep the system from being 51%'d
I invest in new cryptocurrencies, even if they lose me money (I have lost $50 in new cryptocurrencies) since it is important to buy in to new cryptocurrencies in order to keep their value up so that the development keeps improving. I invested in KGW (Kimoto's Gravity Well) based currencies and Scrypt-N (which I refuse to mine...yet) proof-of-work currencies as well as ones that offer unique improvements to everyday cryptocurrency problems.
Pushing for a solution to ASICs in the order of finding a new way to do Proof-of-Work that is highly efficient on GPU's and CPU's so that anyone can mine equally and profitably (If they are willing to do so).
What's going to happen?
Prices are going to drop until we get a permanent solution or higher demand for DogeCoin. People right now have other larger problems to worry about and will focus on them primarily. Watch out for the price drops near USA Tax Day (April 15th) and possible April Fools price fluctuations if people take fake stories seriously.
Watch out for DogeCar, the price is definitely going to rise, but it's going to be a hard sell since we're basically trying to sell a precious metal now (according to USA's IRS), if you think that's easy, google search gold informercials since gold is also a property.
Prepare for a fork, if new ASICs come on the market and dwarf the current hashrate, a 51% attack could cause us to fork, similar to how AuroraCoin forked. This could also cause Multipool-type shenanigans again.
It's going to be a rough ride, but there are upsides, Cryptsy has started on USD/DOGE exchanges.
I began seriously mining Dogecoin yesterday. I spent the last several days assembling and configuring a computer for this (among other uses). I developed a strong interest in digital currency in the last month, and have been gently wading into this exciting new world that we are all building together. I have a wife, children, and a day job, and have had an unsuccessful time explaining why I'm so interested in this, and why altcoins and Bitcoin are not a pyramid scam, a joke, etc. Here, I hope to explain my personal reasons for choosing to spend time and money in Dogecoin mining, since it may be useful to others coming into digital currencies, as they are gaining more and more press and publicity lately with many articles in the mainstream press on Bitcoin, Coinye, etc. Only a month ago, I began to notice that Bitcoin was really being mentioned a lot in the media. I had known about it for several years, but had assumed it would just go away. It never made sense to me (it does now!), but I didn't spend much time thinking about it. I figured, "after all, there's nothing backing it", and left it at that. Obviously, I knew nothing about currencies or monetary systems at the time, and neglected the fact that nothing tangible backs a USD either. After hearing about the Dread Pirate Roberts / Silk Road bust, I was surprised to learn that Bitcoin was alive and had grown to such an impressive value (it was around $1,000 USD per 1 BTC at the time, as I recall). Later, I heard a longer story about Bitcoin on the radio (on NPR, I believe), and was further surprised that several legitimate, real-life businesses had started to accept Bitcoins. Now, I was hooked, and needed to learn more. By the end of December, I'd read enough about Bitcoin to know I wanted to participate, but wasn't comfortable speculating in it with real money. I knew it wasn't going to be profitable, but in early January, I spent about $40 on a USB ASIC "Block Erupter" for Bitcoin mining. This runs at 334 MH/s (using Bitcoin's SHA-256 algorithm, not Dogecoin's scrypt algorithm). This has been sufficient to generate approximately $0.75 worth of Bitcoins over the last 2 weeks that I've been running it. It gave me something to play with, but was pathetic compared to what the professional miners were doing (measured in TH/s, tens of thousands of times faster than my capability). Reaching their levels required more specialized ASIC hardware (not just a single USB key-sized device). The higher performing Bitcoin mining hardware was all backordered or available only from relatively unestablished companies that I would not want to send thousands of dollars for. Furthermore, the hardware seems to only really be usable for Bitcoin mining; it had no other obvious utility. BUT, through cryptsy it was easily possible to convert other altcoins into BTC or vice-versa. Litecoin, Dogecoin, and others were mentioned in several mainstream news articles. Dogecoin was treated as a joke and novelty. However, on looking into it, along with several other altcoins, I decided it was more than serious. Dogecoin:
has a relatively healthy market cap and volume according to sites like coinmarketcap.com.
has an active reddit community tipping one another in dogecoins (I'd never even been a reddit member before or looked at it, but could see it was awesome)
has real online games and services (casinos, Mincraft servers, etc.) that accept payments in Dogecoin
had several active mining pools and easy to use wallet and mining software on multiple platforms (Windows, Mac, Linux, Android)
seemed to be surviving as a community, despite a pancake in the price
had "bounties" for improvements in the ecosystem, which people seemed to really be ponying up to support
an extremely enthusiastic and engaged community, with numerous posts ("to the moon!", etc.) whenever anything at all seemed to happen to Dogecoin. Whether the event was positive or negative, the enthusiasm was still there.
Few or no other altcoins seemed to have all these properties to the same degree as Dogecoin. I started CPU-mining it immediately, lacking any GPU hardware in my house (I am not a gamer). Even the modest CPU power in my home PCs (used for web surfing, primarily) was able to generate a little less than 1,000 DOGE per day (which was roughly $0.25 - $0.30 at the time). Not super-impressive, but enough to play with and check out the rest of the Dogecoin universe. I became hooked. I decided that not only was this a fun thing to play with, but it was also potentially a very good investment. Not having much spare cash, not having a high risk tolerance, and not having any desire in being a "speculator", I decided that rather than convert USD to Dogecoin, I would build a more capable mining computer. I will share more details on this later, if there is interest. Dogecoin mining on GPUs and CPUs is easy, and the cost of building a machine for this is very reasonable, considering that the machine has many other uses, including:
learning to program with OpenCL
contributing computing power to projects such as Folding @ Home
use as another general-purpose computer or server in the home
This is vastly superior to me, compared to investing the same amount of money in Bitcoin hardware, which is useless for anything else. Rather than speculating in Bitcoins, I decided there was no risk at all in building a computer with high-powered GPUs that would be useful for Dogecoin's scrypt-based altcoin mining, since even if it never made economic sense, I could use the system for many other things. I had not built a PC in over 10 years, and would up spending about $2000. Since yesterday night, I am now mining Dogecoin at a consistent rate of 1.2 MH/s (my hardware can go to 1.6 MH/s, but the temperatures did not seem healthy to me, so I slowed it down while I study them). This is extremely fun, and I'm proud to be contributing to the Dogecoin ecosystem.
Looking for a beginner hobby project: Is a Raspberry Pi controlled ASICMiner Block Erupter USB array worth my time?
Hello! I've been wanting to get involved with bitcoin mining for a while and thought that bitcoin black friday was a great time to take the plunge and order some hardware. I don't have the money to invest in hardware that would actually provide a net profit, but that's not really important as I'm interested in getting involved as a hobby project. I recently came across this PiMiner Raspberry Pi Bitcoin Miner kit/tutorial and it looks quite interesting. My question for you guys is if you've had any experience or know of any flaws with this setup or even if this is so outdated now so as to render it useless as a miner. I suppose the big unknown for me in this setup is the ASICMiner Block Erupter USB devices. Is there a better mining hobby setup available in the same kind of price range? Would the raspberry pi controller work with a better alternate USB ASIC miner? Thanks for taking the time to help me get started with this hobby!
Me and my friend are trying to start mining. We where wondering if this would be worth the price.
Me and rugtol where looking around for bitcoin mining hardware, and we found this. We are both pretty new to mining anything. So reddit, would this miner be worth the price? And we are going cheap because we are high schoolers with not much money.
I've been around since the days of sub-$1 bitcoins, but I never gave myself the chance to start mining. I know difficulty has skyrocketed, but is it still worth it to mine with one or more USB block erupters? Aside from base ROI, bitcoin price increase may play a role for myself. I'd rather pay more now to pay less later, if that makes sense. If not, any alternatives? I have 2 BTC to my name, which I would drop into mining equipment if it's really worth it at all.
Alibaba.com offers 682 bitcoin block erupter usb products. About 0% of these are Mobile Phone Cables, 0% are MP3 / MP4 Player Cable, and 0% are Data Cables. A wide variety of bitcoin block erupter usb options are available to you, such as use. The block Erupter was a simple usb stick shaped miner that would fit into a single USB slot and was able to run on a micro computer like a raspberry pi, this was a game changer. The Block Erupters had an amazing hashrate at 333 megahash per second and started out at only 1.99 Bitcoin each, this was outstanding at the time as a 7970 was mining around 665 MH/s, while costing around 10 Bitcoins ... Price: Free* [*Free Regsitration Required] Zone – Betting Zone Use our complete list of trusted and reputable operators to see at a glance the best block erupter, poker, block erupter and bingo block erupter available online. I am just running it to have a vote in the network. Screenshots are from their respective applications. For anyone coming across this and wondering if USB miners are ... ASICMiner Block Erupter USB 330MH/s Sapphire Miner. The Sapphire Block Erupters were the first Bitcoin USB miners. They have 330 MH/s of hash power which would net you less than $0.01 per month. It may be a good choice just to see how mining works, but like with most USB miners: do not expect to turn a profit. GekkoScience Compac USB Stick ... Pretty much the only real hope is bitcoin going up in price, that is what I’m basing my mining on. Raspberry Pi used as Block Erupter controller for bitcoin mining. Read 1 time previous topic – next topic. The Shipping Gods were kind, as each miner came in perfect condition. On the one hand their supporters claim the system provides a more solid base for a currency than the official money ...
Donations for any help appreciated :) 1PMrJ6TmkHwKVoChpuBpsjttoH8yEK9C8m Just to actually show you how silent this is - nothing compared to my 2011 rig with ... Sapphire Block Erupter - USB Bitcoin Miner 330 Mhash @ 2,5 W - Duration: 2:25. SwiftDK 48,428 views. 2:25. Bitcoin 2014! - Duration: 11:21. ItsCodzMyLife 149 views. 11:21. How To Build The ... A quick run down on Friedcats ASICMiner Block Erupter Cube that I am selling on ebay. Its brand new, never used or mined with. Your NEW ASICMiner Block Erupt... In this video I go over how to setup a Block Erupter for Bitcoin mining. Don't forget to support me on Patreon: Video by Dungeon Studios Prototyping: https:/... 5% Daily BitCoins: https://goo.gl/R5iCNT A single Sapphire Block Erupter together with the BitMinter miner.