Is anyone actually able to make any money on these CPU-only coins or are you guys all in for the sport?
Last I got involved in a CPU coin (Nerva), I only ever hit two blocks with a 5960x after days of mining... and they were worth next to nothing.
Last I got involved in a CPU coin (Nerva), I only ever hit two blocks with a 5960x after days of mining... and they were worth next to nothing.
it is fair question. Good representasion here; https://www.uplexamining.com/hw-benchmarks/
uPlexa price very low right now, but just cmc listed, so hopefully will rise when more interest.
I have around 80kh/s and am making around $12 per day (minus electrisity)
Some or more harder. coins like haven are impossible for small miner now.
Sorry for bad words, english not my mother language
80 kh/s ... to achieve such hashrate you must have for example 20 (twenty!) ryzens 7 1700x. I dont see an average person mining on twenty ryzen computers.
I tried many coins mining - from cpu to gpus - and all I can say it not prfitable at all. Even if you dont pay for electricity its not worth that. You must invest thousands of $$$ in hardware to get any money from mining ..but the the return of your investment is very doubtful. Its much easier just buying some coins you belive can skyrocket and wait - you spend less money than buying gpus or powerful cpus you dont really need.
The only thing that makes mining profitable is stealing few ASIC machines and electricity
Having one computer with even powerful cpu or gpu is not worth the pennies you can earn (remeber that banging it on 100% cpu/gpu usage can broke it).The coin he mentions is brand new, and probably at the lowest price it ever will be. In fact, based on today's price increase that same rig will make $22 per day.
I think my point here is with a new coin like uPlexa, assuming the project looks good and the dev's are active, it's worth mining a load of them at any price in the early days!
But yes, for continuous profit with an established coin, you are correct, only very large rigs and ASICS will make real money. For me though, mine the new coins! Most of them will be crap, but you only need one to be successful!
