Crypto/BTC experts I need your help...

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  • HurryUpAndDrink
    SBR Posting Legend
    • 08-23-13
    • 13017

    #1
    Crypto/BTC experts I need your help...
    Whats your thoughts on sites like NiceHash that sets you up to "lease" or "rent" your system and power to mine BTC? Could it be worthwhile?

    Take into consideration I live in Costa Rica and avg income here is much lower than in the US... so even 1k worth of BTC is almost a months salary!

    Is it worth it? I have 2-3 computers I can destine to it!

    My reasoing is all BTC mined pretty much can be exchanged for alt coins where you can buy decent amounts and play with the "hype market" with "house money"... money you mined and not took out of your wallet to invest!
  • Optional
    Administrator
    • 06-10-10
    • 61671

    #2
    Cheap electricity is usually the thing that makes or breaks how much profit you make.
    .
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388179

      #3
      Drinker everyone would do it if so so easy
      Comment
      • GunShard
        SBR Posting Legend
        • 03-05-10
        • 10031

        #4
        I would not invest in NiceHash, Bitconnect or Genesis Mining. The difficulty will change and you will lose money on certain weeks.
        If you want to mine and make profit. It's better to invest your own money on building your own ASIC mining rig and you need cheap electricity price in your region to do this. If electricity price is too expensive. It's not worth it.
        Comment
        • HurryUpAndDrink
          SBR Posting Legend
          • 08-23-13
          • 13017

          #5
          For those who don't want to interpret the charts below, I will give you the highlights:
          Costa Rica electricity cost are: Peak Hours = 29 cents per kwh - Off Peak Hours = 5 cents per kwh
          How do those rates compare to the United States?

          California = 10 cents per kwh
          Kentucky = 10 cents per kwh
          Hawaii = 38 cents per kwh
          NYC = 19 cents per kwh
          Comment
          • HurryUpAndDrink
            SBR Posting Legend
            • 08-23-13
            • 13017

            #6
            The price at which electricity is billed in Costa Rica is higher during "peak hours". 10:00am - 12:30pm & 5:30pm - 8:00pm


            The lowest price at which electricity is billed in Costa Rica are the hours between 8:00pm - 6:00am
            Comment
            • jjgold
              SBR Aristocracy
              • 07-20-05
              • 388179

              #7
              Drinker just sell weed man much easier
              Comment
              • HurryUpAndDrink
                SBR Posting Legend
                • 08-23-13
                • 13017

                #8
                Originally posted by jjgold
                Drinker just sell weed man much easier
                Yeah seems so. Weed has a weak yield unless you grow and it also demands tons of electricity. Thats how people get caught due to a spike on the kw consumption.

                Been thinking entering the MDMA/ecstasy market. Bigger yield. More pussy. I know all the DJs and artists down here so have contacts.

                Already have an ugly feud with one of the main x dealers in CR. We basically thratened to kill each other 3/4 years ago but the guy has seen me in clubs and runs away.

                There is a story mistold down here on how I killed a drug dealer. Is misleading and idk who started the rumour but I dont bother setting the record straight since it gave me tons of street cred. This talk started when I had to collect debts for a couple of cocaine dealers back in late 2014.
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  Originally posted by HurryUpAndDrink
                  Yeah seems so. Weed has a weak yield unless you grow and it also demands tons of electricity. Thats how people get caught due to a spike on the kw consumption.

                  Been thinking entering the MDMA/ecstasy market. Bigger yield. More pussy. I know all the DJs and artists down here so have contacts.

                  Already have an ugly feud with one of the main x dealers in CR. We basically thratened to kill each other 3/4 years ago but the guy has seen me in clubs and runs away.

                  There is a story mistold down here on how I killed a drug dealer. Is misleading and idk who started the rumour but I dont bother setting the record straight since it gave me tons of street cred. This talk started when I had to collect debts for a couple of cocaine dealers back in late 2014.
                  are drugs big there?? I guess easy to get pussy with drugs on you
                  Comment
                  • HurryUpAndDrink
                    SBR Posting Legend
                    • 08-23-13
                    • 13017

                    #10
                    Originally posted by jjgold
                    are drugs big there?? I guess easy to get pussy with drugs on you
                    I guess drugs are big everywhere in the west hemisphere if you know the right people- Ive doing drugs and partying since 2003. I was a singer and a DJ... I know TONS of drug abusers and party people... bigger market today than 10 years ago.

                    I need to make more money. Supporting my mom and paying the house loan is not giving me enough breathing space to invest or even enjoy life like I want. I am pissed and tired of being a fukkin avg guy. I wanna travel. Want a big house. Want unlimited pussy supply.
                    Comment
                    • GT21Megatron
                      SBR Posting Legend
                      • 12-20-13
                      • 10818

                      #11
                      ]
                      Comment
                      • RudyRuetigger
                        SBR Aristocracy
                        • 08-24-10
                        • 65084

                        #12
                        Originally posted by HurryUpAndDrink
                        I guess drugs are big everywhere in the west hemisphere if you know the right people- Ive doing drugs and partying since 2003. I was a singer and a DJ... I know TONS of drug abusers and party people... bigger market today than 10 years ago.

                        I need to make more money. Supporting my mom and paying the house loan is not giving me enough breathing space to invest or even enjoy life like I want. I am pissed and tired of being a fukkin avg guy. I wanna travel. Want a big house. Want unlimited pussy supply.
                        atleast you are finally honest

                        good job

                        GOOD LUCK
                        Comment
                        • HurryUpAndDrink
                          SBR Posting Legend
                          • 08-23-13
                          • 13017

                          #13
                          Thank God I placed this syphilis infested coksucker motherfukker on ignore... contributes nothing of value
                          Comment
                          • RudyRuetigger
                            SBR Aristocracy
                            • 08-24-10
                            • 65084

                            #14
                            Originally posted by HurryUpAndDrink
                            Thank God I placed this syphilis infested coksucker motherfukker on ignore... contributes nothing of value
                            oh wow

                            I was like you back in my 60s, but now I have exhaled and am ok in my 70s
                            Comment
                            • firedawg
                              BARRELED IN @ SBR!
                              • 10-08-08
                              • 39219

                              #15
                              Clown couldn’t buy a penny stock


                              Lmfao
                              JFC
                              Comment
                              • RudyRuetigger
                                SBR Aristocracy
                                • 08-24-10
                                • 65084

                                #16
                                Originally posted by firedawg
                                Clown couldn’t buy a penny stock


                                Lmfao
                                JFC
                                he is on the ropes bro

                                I am trying to be nice so he does not punch his computer
                                Comment
                                • firedawg
                                  BARRELED IN @ SBR!
                                  • 10-08-08
                                  • 39219

                                  #17
                                  Originally posted by RudyRuetigger
                                  he is on the ropes bro

                                  I am trying to be nice so he does not punch his computer
                                  The librarian will ban him
                                  Comment
                                  • HurryUpAndDrink
                                    SBR Posting Legend
                                    • 08-23-13
                                    • 13017

                                    #18
                                    Reddit has been amazing with this. Still making a budget, this is hard work.
                                    Comment
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