How much do you earn with mining? - page 2.

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: sikkan on August 25, 2016, 05:11:45 AM

With the altcoin Im mining and exchanging to BTC makes around 0.0024 BTC/day with 1 Ths and about 500W, costing 0.08 USD/KWh so a small profit every day. Its mostly a hobby and soon the miner may move inside the house to warm it up a bit too

Thanks for sharing your earnings. As nowadays it is not profitable to mine, it may change sometime in the future if a better proof of work system would be developed in order to make a fair distribution of coins no matter what mining hardware you own (and prevent mining centralization) Something similar to this has already been established, called M7M mining algorithm from Coin Magi. The only downside in my opinion, would be that the bigger the hashrate, the less the reward, but in the bright side it prevents big miners from centralizing the whole ecosystem.

arwin100

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Jack of all trades 💯

Quote from: Abiky on August 22, 2016, 07:30:23 PM

Quote from: yolanda222 on August 22, 2016, 03:13:26 AM

not too much,because I do not want to take risks for mining

Yeah I understand. Mining is not worth it nowadays, the risks are too high considering the costs of electricity, difficulty, etc. So it can now be seen as a hobby and for fun and learning. When mining becomes highly profitable with any hardware whatsoever, then it will be the day when everyone will mine. Just my opinion. Grin

It depends on what country are you on its because there are other countries has low cost of electricity billing and if you are living with that country well you can actually earn little profits from mining(i dont know about other altcoin mining) but if you mean like cloud mining? Or investing anything similar to that well i think the baddest idea you can do since we almost all know that mining companies are now currently unprofitable and possibly they will turn scam if bitcoins more difficulty come.

Maybe altcoin mining well be profitable lets read about others opinion about this. And also i want to know the most ideal hardware for altcoin mining.

Tupsu

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Quote from: Abiky on August 16, 2016, 02:10:56 PM

Nowadays, mining is not as profitable as it used to be at the beginning, still it is sort of like a passive income to earn some money along the way.

So I'm just curious to know if you're making decent profit mining Bitcoin or altcoins.

By the way, HashFlare will be adding Dash mining soon so I think it wil be pretty great to buy some hashrate (although, I'm not pretty sure if the service is a scam though)

HashFlare is scam from Russian thugs living in Estonia and the use of registered compani in Estonia.

theirs is HashCoins

Read Modre about HashCoins
https://bitcointalksearch.org/topic/hashcins-blockchain-technologies-that-work-417623

sikkan

sr. member

Activity: 504

Merit: 250

With the altcoin Im mining and exchanging to BTC makes around 0.0024 BTC/day with 1 Ths and about 500W, costing 0.08 USD/KWh so a small profit every day. Its mostly a hobby and soon the miner may move inside the house to warm it up a bit too

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: yolanda222 on August 22, 2016, 03:13:26 AM

not too much,because I do not want to take risks for mining

Yeah I understand. Mining is not worth it nowadays, the risks are too high considering the costs of electricity, difficulty, etc. So it can now be seen as a hobby and for fun and learning. When mining becomes highly profitable with any hardware whatsoever, then it will be the day when everyone will mine. Just my opinion. Grin

yolanda222

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not too much,because I do not want to take risks for mining

gt_addict

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Looks good. Ill keep the questions about it in that thread to save confusing things here Wink

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: gt_addict on August 20, 2016, 03:56:38 PM

Ive got an S7LN that was hacked by sidehack for better efficiency and a couple of gecko usb miners on a raspi. I don't make any money at all. Barely break even, but its a hobby and aslong as it doesn't lose too much every month ill keep them on.

Sounds fun. I think that Raspberry Pis could be of great use towards coin staking. Since there is very mininal power and costs attached to it, it will be a great way to "mine some coins. The only thing needed is to have a good amount of coins in order to receive good stakes. I'm setting up a portable RPi3 mining setup to mine on the go. It will be powered via a solar power bank, and will use an Android tablet as screen, mouse, keyboard and internet access. You can check it out here: https://bitcointalksearch.org/topic/m.15985470

gt_addict

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Ive got an S7LN that was hacked by sidehack for better efficiency and a couple of gecko usb miners on a raspi. I don't make any money at all. Barely break even, but its a hobby and aslong as it doesn't lose too much every month ill keep them on. If I find a block for the pool im on I think that will be the time I stop mining. The last "tick box" of the hobby I suppose.

Abiky

legendary

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www.Crypto.Games: Multiple coins, multiple games

Quote from: merelcoin on August 18, 2016, 02:04:56 AM

I got in the game a bit to late, bought a couple of old ASIC's to teach myself about mining, but with my electricity price (0,17€/Kwu) and huge import taxes for hardware, there's no way i can make a profit, so i unplugged everything a couple months before the last halving.

I tried out a cloudminer when i first started, turned out to be a ponzi, lost some coins, so i don't think i'll ever buy hashrate online ever again.

Yeah same thing happened to me when I used many cloud mining sites. The one I used the most was cloudminr.io but it turned out to be one of the biggest scams in cloud mining history (in my opinion) Since then, I have been only mining for fun with a few gridseeds that I have to mine scrypt coins. Grin

merelcoin

hero member

Activity: 675

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I got in the game a bit to late, bought a couple of old ASIC's to teach myself about mining, but with my electricity price (0,17€/Kwu) and huge import taxes for hardware, there's no way i can make a profit, so i unplugged everything a couple months before the last halving.

I tried out a cloudminer when i first started, turned out to be a ponzi, lost some coins, so i don't think i'll ever buy hashrate online ever again.

czytjkp11

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Their assembly mill to make money

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Nowadays, mining is not as profitable as it used to be at the beginning, still it is sort of like a passive income to earn some money along the way.

So I'm just curious to know if you're making decent profit mining Bitcoin or altcoins.

By the way, HashFlare will be adding Dash mining soon so I think it wil be pretty great to buy some hashrate (although, I'm not pretty sure if the service is a scam though)

Topic: How much do you earn with mining? - page 2. (Read 3968 times)