I sold all my 970 and 980 cards, i got tired of the power bills and low profits.
Beginner's mistake. The profit is being moved from the small miners to the big miners. There is profit everywhere. You just need to know what to mine..
Well.
I sold five high end gpu:s in total and put some of that money in ETH. It is up like four times since then so i guess i am not that stupid.
I think a combo of mining smart and daytrading is the way to go if you dont have free electricity and a bunch of optimized miners.
Daytrading is a completely different jobset from mining. You could make a lot of money daytrading, you can also lose a lot. It has nothing to do with mining, just the same as making kernels doesn't. They all go together, but at the end of the day you don't even need those GPUs to do it. You could've sold them all and just switched to daytrading and made even more money.
There isn't anyway a 970 should be making less money then 750tis... They're a bit less efficient, but otherwise...
It's now clear that you can't "just mine".
You need to have at least two of the following:
- developer skills to make your own optimisations
- very cheap or free electricity
- time to follow the market closely and choose what to mine
- daytrading skills to inflate your profit (but then you could just buy, instead of mine)
I've mentioned pages back there were multiple jobsets in the Cryptoscene that developed over time. Kernel devs, daytrading (daytrading is watching markets), coin finders (people who find lucrative coins by digging through BCT), and mining... They're all unique and in and of themselves they're their own job. That's why it's silly to assume a miner needs to make his own kernels. You pay kernel developers for that. You can do that, but that's not what they do.
And sure you can 'just mine'. You don't need to daytrade to sell coins. Use a calculator. There are always ways to increase your profit, but people have limited time and expertise. In the real world, in real workplaces, you higher multiple people with multiple skillsets to take on multiple roles because you can't do everything yourself (or it lowers efficiency immensely).
Ethereum is still hot BTW.
Bensam seems to be the only one in the thread who understand how to mine with a profit. The rest are trolls.
5% bro 5% go get it done already
You're talking about miner fee? 2%, not 5%... And we can't do this because 'it'll violate licensing' that no one gives a shit about, so we have to sell private kernels for fixed BTC! 'Cause that's different...
To be fair though, right now is definitely not a good time for a % based miner because everyones on Ethereum, but that can obviously change... Markets are very volatile. That's why you don't get involved in just one. Even BTC is quite volatile.
If SP cracks the Ethereum voodoo magic that might change though.
Ethereum is still hot BTW.
Bensam seems to be the only one in the thread who understand how to mine with a profit. The rest are trolls.
You want people to keep donating and at the same time you call them trolls ? wtf
You can hate people all you want you have a business relationship with. It's not a donation either, basically a subscription at this point.
Ethereum is still hot BTW.
Bensam seems to be the only one in the thread who understand how to mine with a profit. The rest are trolls.
you made my day
I am thinking to put that into my signature
"Bensam seems to be the only one in the thread who understand how to mine with a profit. The rest are trolls."(best quote ever
)
Eternal hate and big red letters doesn't make you more correct... Otherwise you'd win! Also sorry Cryptsy crashed and no one wanted your miner anymore though. Perhaps try selling four months earlier. You know, business sense...
Also for you guys in case you don't know...
http://badmofo.github.io/ethereum-mining-calculator/
