GPU mining - page 2. | Bitcointalksearch.org

NeuroticFish

legendary

Activity: 3668

Merit: 6382

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Quote from: mustaqeemch6 on June 07, 2019, 05:34:32 AM

In case you decide to hold 1 year, and current price doubles, here is rough estimation:

The list is more than confusing since you wrote in a number of places ETH instead of RVN.

Then, as said, investing into mining just in the moment the market starts to rise is a bad business. Especially as the expected income is far from great and even you subtly suggest holding.
Why not buy and hold? The investment can be smaller than the one for hardware (the ones wanting to enter mining may not have more than maybe 1 GPU) and there's no stress about ROI.

BitcoinBoomer

newbie

Activity: 6

Merit: 0

BTC Its almost a wash. ETH Needs to be $1000 to be worth it. You always can mine and hold. Maybe mine and trade for BTC

User44a

jr. member

Activity: 73

Merit: 2

Quote from: mustaqeemch6 on June 07, 2019, 05:34:32 AM

Since price started to climb lately, a lot of people start thinking about mining...

To these people =>>> Just DON'T!

It's really a silly idea to even consider buying a GPU/mining rig just before the summer. It'll be hot and you'll just waste so much money on the card(s) and electricity to heat your home even more. Just wait until the summer's over and then check the market and GPU prices again.

Mining in the winter months makes much more sense - you'll get at least free heat as a byproduct of mining.

ManoPrimitiva

jr. member

Activity: 41

Merit: 10

Long is the road

Let me start with saying I love mining, I used to mine ETH back in 2017 with a 6x gtx 1060 rig... it was fun and profitable.

I was checking your post and I believe it is worth to mention about costs for those that don't have equipment yet and are thinking about invest some money in buying/building a mining computer or rig. Let me do a small exercise for ETH mining, using the same estimated value of $540 in a year.

GPU	1050Ti	1070Ti
Price USD	160.00 mustaqeemch6 jr. member Activity: 179 Merit: 2 Re: GPU mining June 07, 2019, 05:34:32 AM #1 Since price started to climb lately, a lot of people start thinking about mining. For that reason I decided to put a short and simple calculation regarding mining profitability in case you have a laptop/PC with better GPU like 1050Ti or 1070Ti. Those 2 graphic cards are in all newer gaming laptops and PCs. Just to mention-it is not recommended to use those for 24h/7days a week mining. So, here is a simple view for 2 coins that are in top5 at the moment: ETH and RVN. 1050Ti 1.ETH Electricity cost 0.15$/kW ETH earnings: 0.04$/day (when electricity costs considered) 0.001 ETH coins/daily 2. RVN Electricity cost 0.15$/kW ETH earnings: 0.02$/day (when electricity costs considered) 4.1 RVN coins/daily 1070Ti 1.ETH Electricity cost 0.15$/kW ETH earnings: 0.17$/day (when electricity costs considered) 0.0022 ETH coins/daily 2. RVN Electricity cost 0.15$/kW RVN earnings: 0.35$/day (when electricity costs considered) 11.5 RVN/ daily In case you decide to hold 1 year, and current price doubles, here is rough estimation: GPU 1050Ti 1050Ti 1070Ti 1070Ti Coin ETH RVN ETH RVN Coins/year 0.3 1400 0.73 4000 $/year 162$ 168$ 390$ 480$ I considered these prices in 1 year: Price ETH : 540$ Price RVN: 0.12 Pages: « 1 2 » Bitcoin Forum>Alternate cryptocurrencies>Mining (Altcoins) Jump to: © 2020, Bitcointalksearch.org

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