Can regular people mine anymore | Bitcointalksearch.org

m.vina

full member

Activity: 280

Merit: 102

Quote from: beachbummer on May 27, 2018, 08:04:12 AM

Quote from: ashaksagnis on May 27, 2018, 07:06:10 AM

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

Your "it's not a good time" statement is extremely subjective.

If people stop mining ZEC then it will mean it will once again be profitable, if it is profitable then people will resume mining it. Sadly, thats how the world works and as long as something is profitable you can expect someone will try to make a quick buck out of it, regardless of actual support towards the coin.

remauto1187ma

jr. member

Activity: 234

Merit: 2

Quote from: beachbummer on May 27, 2018, 08:04:12 AM

Quote from: ashaksagnis on May 27, 2018, 07:06:10 AM

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

thats ridiculous, now is the time! Difficulty has gone down or remained near the same. It appears many have bailed out. I am making a killing!

treanski

full member

Activity: 364

Merit: 106

ONe Social Network.

i dont know how its on equihash coins, but for cryptonight coins best time for mining was right after the antiasic fork block and it still is. all forked coins are very profitable for gpu miners again.

ashaksagnis

full member

Activity: 630

Merit: 104

Quote from: beachbummer on May 27, 2018, 08:04:12 AM

Quote from: ashaksagnis on May 27, 2018, 07:06:10 AM

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

didn't knowed that. thanks for info.
so what is the best choice at this moment for mining?

jerrimu

jr. member

Activity: 105

Merit: 2

Quote from: beachbummer on May 27, 2018, 08:04:12 AM

Quote from: ashaksagnis on May 27, 2018, 07:06:10 AM

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

Judging from zookos tweets, they will not be

beachbummer

full member

Activity: 251

Merit: 100

Quote from: ashaksagnis on May 27, 2018, 07:06:10 AM

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

It's not a good time to mine ZEC as they have not confirmed if they will be forking to fight the Equihash ASICs. Seems like a lot of GPU miners have dumped them to provide support for other coins.

ashaksagnis

full member

Activity: 630

Merit: 104

I started to learn some things about mining. It's true - now is a good time to mine Zcash?

sergey1301

jr. member

Activity: 336

Merit: 1

I suggest you use Google. This question was asked more than once. There are guides and online manuals !!

jerrimu

jr. member

Activity: 105

Merit: 2

[quote ]

If the coins were sent to an exchange and sold off we would easily be able to trace which coins and which exchange.

[/quote]

man public ledgers are crazy

remauto1187ma

jr. member

Activity: 234

Merit: 2

Quote from: adaseb on May 23, 2018, 09:11:59 PM

Quote from: remauto1187ma on May 23, 2018, 09:07:38 PM

Looking at how much the price of BTC (and many others) dropped $600 today or so my guess is Mt. Gox Trustee sold off some more BTC. And ive also been noticing a substantial increase in mining amount (daily) for me on equihash and DaggerHashimoto. My guess there is alot of have abandoned ship on mining equihash because of the impending shipments of ASICs next month.

This is a common misconception. Mt God coins never hit an actual exchange.

There are billions of dollars in the OTC markets for BTC and that's where the coins are mainly sold.

They are sold privately and usually sent to an individual wallet and haven't moved since.

If the coins were sent to an exchange and sold off we would easily be able to trace which coins and which exchange.

I cant dispute anything you said. But I also didnt say anything about "where or to whom the trustee sold of to. It is factual that if you look at both times (that are known) when the trustee sold off BTC, what did BTC value do? It took a slight nose dive BOTH TIMES. Yesterday sure looks like the 3rd time.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: remauto1187ma on May 23, 2018, 09:07:38 PM

Looking at how much the price of BTC (and many others) dropped $600 today or so my guess is Mt. Gox Trustee sold off some more BTC. And ive also been noticing a substantial increase in mining amount (daily) for me on equihash and DaggerHashimoto. My guess there is alot of have abandoned ship on mining equihash because of the impending shipments of ASICs next month.

This is a common misconception. Mt God coins never hit an actual exchange.

There are billions of dollars in the OTC markets for BTC and that's where the coins are mainly sold.

They are sold privately and usually sent to an individual wallet and haven't moved since.

If the coins were sent to an exchange and sold off we would easily be able to trace which coins and which exchange.

remauto1187ma

jr. member

Activity: 234

Merit: 2

Looking at how much the price of BTC (and many others) dropped $600 today or so my guess is Mt. Gox Trustee sold off some more BTC. And ive also been noticing a substantial increase in mining amount (daily) for me on equihash and DaggerHashimoto. My guess there is alot of have abandoned ship on mining equihash because of the impending shipments of ASICs next month.

2stout

hero member

Activity: 2562

Merit: 607

Sure, just have to do due diligence, research, and be willing to take a few small calculated risks as the one trick pony days appear to now be somewhat distant.

jerrimu

jr. member

Activity: 105

Merit: 2

Quote from: Qutmin on May 23, 2018, 08:24:28 AM

IDk if FPGAs are stoppable, asic resistance seems kinda pointless atm IMO

Then we shall develop the FPGA resistant PoW.
[/quote]

As long as the equipment is as affordable as GPUs why? If btc asics were 300-500 my fears and worries about them would vanish. Due to the big boy (monero) forking away, cryptonight asics are as affordable as GPUs.

I develop and I have NO mining equipment, I have a x230 thinkpad, anyone with 4 GPUs is just as far from me as the best asic. It's just arbitrarily drawing a line in the sand saying "people with X hash can't mine my coin". IMO it's better to offer more value to people with lower hashes than outlaw people with higher hashes.

As long as asics are in the hands of end users, and not a monopoly like bitmain, they are a positive force, not a negative one.

People with insane mining rigs destroy the Satoshi vision of one CPU one vote, which in it's original form is STILL heavily slanted toward the wealthy. Crypto has to be for everyone for it to be more than an investment.

Qutmin

newbie

Activity: 22

Merit: 0

Quote from: jerrimu on May 22, 2018, 09:58:08 PM

Quote from: DevelopmentBank on May 22, 2018, 09:01:57 PM

. ASICs are great at this and unless devs do something to dennounce them, ASICs will take over the entire crypto-mining scene.

IDk if FPGAs are stoppable, asic resistance seems kinda pointless atm IMO

Then we shall develop the FPGA resistant PoW.

vite

legendary

Activity: 1018

Merit: 1000

Quote from: MXgirl150 on March 28, 2018, 04:50:53 AM

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

As a newbie member, i would recommend you to checkout minergate. The program is simple overall. Just sign up on the website and Install the program.
It will automatically mine the most profitable coin. You can mine for 1 day and get an estimation how much you can get in a week

treanski

full member

Activity: 364

Merit: 106

ONe Social Network.

Quote from: MXgirl150 on March 28, 2018, 04:50:53 AM

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

since the cryptonight coins anti asic forking wave, mining is very very profitable again...you just need to do some research and find the pearls

vlad230

sr. member

Activity: 616

Merit: 279

Quote from: MXgirl150 on March 28, 2018, 04:50:53 AM

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

I run a thread about CPU mining here: [CryptoNight] CPU mining guide & coins that will get you a return

I think the best option for you right now would be to start mining with your CPU and avoid making an investment in expensive GPUs.

VZ Chains

newbie

Activity: 87

Merit: 0

Which coin do you suggest to mine guys?

gnerro2

member

Activity: 294

Merit: 10

illustrator

Quote from: DevelopmentBank on May 23, 2018, 01:14:44 AM

Basic psychology can explain why people want mining to last, people want to be happy. They want to earn passively without much effort. It's a dream come true for some, even me.

However, a simple reality check of the current situation will show you that GPU mining won't last. You have been warned.

mm.. what's the minimun investment to have a roi + a return of 10% about!? tnx.

Topic: Can regular people mine anymore (Read 1295 times)