I bought 30 grand usd worth of P106 and hosted them in China!

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: philipma1957 on October 05, 2020, 10:12:24 AM

that would be a lot of labor.

Based on my uptime he would almost always have 1 or 2 rigs with an issue.

Yeah, 50 gpus or less is normal for a miner, 100 gpus or less is already beyond normal, more than 1000 gpus is extreme but since he does not do any management at all, it's a worthy investment as long the people do not scam him because not having control of your gpus is a risk. The way things are is a great time for mining, sideways is always good for mining but looking ahead 6 months timeframe, is dangerous. If roi = 3 months then good, if 4 to 6 months roi then = break even, if more than 6 months = dangerous.

For me sideways is terrible, I like extremes, going up to heheaven a lot and crashing to hehell a lot. That is how i earn money trading.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Metroid on October 04, 2020, 10:10:41 AM

Quote from: philipma1957 on October 04, 2020, 05:52:24 AM

At the op you are reckless and overreached with the additional investment.
But maybe you will score with the move. good luck

That may be, however no management or work at all from his part, he just gives the money, so is not bad, imagine managing all 130 rigs with 8 cards.

that would be a lot of labor.

Based on my uptime he would almost always have 1 or 2 rigs with an issue.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: philipma1957 on October 04, 2020, 05:52:24 AM

At the op you are reckless and overreached with the additional investment.
But maybe you will score with the move. good luck

That may be, however no management or work at all from his part, he just gives the money, so is not bad, imagine managing all 130 rigs with 8 cards.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: DrG on October 04, 2020, 03:38:51 AM

Quote from: BrucePpp on October 04, 2020, 03:27:10 AM

Quote from: DrG on October 04, 2020, 03:18:25 AM

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

Lol running a farm can definitely be troublesome I know man, I can imagine the picture lol. I wish to run a farm here in Canada.

Yeah I remember back to the days of mining BTC with GPUs in 2011. I had horrible internet and power access at my mining location, so of course I would get notifications at 3:30AM that all the rigs went offline. I would get out of bed, drive to the location which was in a very bad part of town I carried mace or a crowbar with me, and then have to reset the miners only to get the same notification as soon as I got home. Some days I would mine an 0.2BTC which was hard to come by because MtGox stopped taking Dwolla or something like that so mining was my only option.

Sometimes it's just easier to just click the buy button and eat pizza while watching fellow miners on Youtube fight with rigs lol.

I am getting in my car today driving 135 miles round trip to bring 4 rigs home. As they are troubled for what ever reason.

I will swap in 1 s17pro and pull the 17 gpus on 4 rigs.

So yeah I can relate to this.

At the op you are reckless and overreached with the additional investment.
But maybe you will score with the move good luck.

BrucePpp

jr. member

Activity: 46

Merit: 4

Quote from: DrG on October 04, 2020, 03:38:51 AM

Quote from: BrucePpp on October 04, 2020, 03:27:10 AM

Quote from: DrG on October 04, 2020, 03:18:25 AM

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

Lol running a farm can definitely be troublesome I know man, I can imagine the picture lol. I wish to run a farm here in Canada.

Yeah I remember back to the days of mining BTC with GPUs in 2011. I had horrible internet and power access at my mining location, so of course I would get notifications at 3:30AM that all the rigs went offline. I would get out of bed, drive to the location which was in a very bad part of town I carried mace or a crowbar with me, and then have to reset the miners only to get the same notification as soon as I got home. Some days I would mine an 0.2BTC which was hard to come by because MtGox stopped taking Dwolla or something like that so mining was my only option.

Sometimes it's just easier to just click the buy button and eat pizza while watching fellow miners on Youtube fight with rigs lol.

Now you look back those days, you certainly find those good old days funny and meaningful, I love the experience you had with your miners, it must be a very memorable experience for you and it's not easy to keep mining till now, good for you man!

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: BrucePpp on October 04, 2020, 03:27:10 AM

Quote from: DrG on October 04, 2020, 03:18:25 AM

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

Lol running a farm can definitely be troublesome I know man, I can imagine the picture lol. I wish to run a farm here in Canada.

Yeah I remember back to the days of mining BTC with GPUs in 2011. I had horrible internet and power access at my mining location, so of course I would get notifications at 3:30AM that all the rigs went offline. I would get out of bed, drive to the location which was in a very bad part of town I carried mace or a crowbar with me, and then have to reset the miners only to get the same notification as soon as I got home. Some days I would mine an 0.2BTC which was hard to come by because MtGox stopped taking Dwolla or something like that so mining was my only option.

Sometimes it's just easier to just click the buy button and eat pizza while watching fellow miners on Youtube fight with rigs lol.

BrucePpp

jr. member

Activity: 46

Merit: 4

Quote from: DrG on October 04, 2020, 03:18:25 AM

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

Lol running a farm can definitely be troublesome I know man, I can imagine the picture lol. I wish to run a farm here in Canada.

BrucePpp

jr. member

Activity: 46

Merit: 4

Quote from: Sy on October 04, 2020, 02:25:37 AM

Quote from: BrucePpp on October 03, 2020, 07:10:32 PM

Hey guys, I have been away for a while, I am pretty sure I got my first batch at 65% break even already, and I have been adding another 98 eight-card rig for myself and my friends, so totally I am holding 131 right now. This investment is getting more and more legit.

Wow, 131 cards rig that's huge!! After the addition of those rigs, what's the investment value is at right now?

With the increase of 98 cards, there's bound to be a nice surge of electric fee for you, right?

Hi, so the elec fee is definitely much more than before, and we are moving our rigs to another location with 0.0515 usd. And total investment here is about 131k usd right now, with average of 1000 usd per 8-card rig. Since I added a lot when the market is high, so some of them might be a bit overpriced, but whatever man lol.

DrG

legendary

Activity: 2086

Merit: 1035

When you don't have to actually manage the farm in person it's a lot less worrisome... it lets you focus on just securing the coins and running the operation. For most of us in the mining forum it is messing around with the hardware that we all find attractive, much more so than monetary contributions at times (because who doesn't like looking for a dropped screw in a running rig with ambient temps of 95F with lights low to save heat/power).

Sy

legendary

Activity: 1484

Merit: 1003

Bounty Detective

Quote from: BrucePpp on October 03, 2020, 07:10:32 PM

Hey guys, I have been away for a while, I am pretty sure I got my first batch at 65% break even already, and I have been adding another 98 eight-card rig for myself and my friends, so totally I am holding 131 right now. This investment is getting more and more legit.

Wow, 131 cards rig that's huge!! After the addition of those rigs, what's the investment value is at right now?

With the increase of 98 cards, there's bound to be a nice surge of electric fee for you, right?

BrucePpp

jr. member

Activity: 46

Merit: 4

Hey guys, I have been away for a while, I am pretty sure I got my first batch at 65% break even already, and I have been adding another 98 eight-card rig for myself and my friends, so totally I am holding 131 right now. This investment is getting more and more legit.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: geck on September 03, 2020, 04:20:27 AM

Quote from: Claudio99 on September 03, 2020, 04:10:51 AM

I'm not here to make you feel bad but you should have invested that money into Ethereum, there is a high chance that Ethereum will grow over 500$ in few weeks more but making your ROI back from those mining rigs of yours will take years and again you won't be able to mine Ethereum very soon and those cards won't be profitable anymore.

he hasn't updated his spread sheet, but he should be on track to reach BEP in 2 months time. At his current electricity rate, he should totally add more rigs.

no he should not. he should hold some of the coin he is getting back.

he then has gear/mining income and coin if he is comfortable with eth fine. of he wants to hold it as btc just exchange it.

DinosaurBit

jr. member

Activity: 30

Merit: 17

Quote from: BrucePpp on September 01, 2020, 09:57:08 PM

I tried to buy another 20 rigs and the market price has gone upto 1170 usd per rig.

Same here. My provider in Shenzen is now selling P106-090 250% what they were back in June. Crazy.

geck

member

Activity: 145

Merit: 10

Quote from: Claudio99 on September 03, 2020, 04:10:51 AM

I'm not here to make you feel bad but you should have invested that money into Ethereum, there is a high chance that Ethereum will grow over 500$ in few weeks more but making your ROI back from those mining rigs of yours will take years and again you won't be able to mine Ethereum very soon and those cards won't be profitable anymore.

he hasn't updated his spread sheet, but he should be on track to reach BEP in 2 months time. At his current electricity rate, he should totally add more rigs.

Claudio99

member

Activity: 210

Merit: 10

Sovryn - Brings DeFi to Bitcoin

I'm not here to make you feel bad but you should have invested that money into Ethereum, there is a high chance that Ethereum will grow over 500$ in few weeks more but making your ROI back from those mining rigs of yours will take years and again you won't be able to mine Ethereum very soon and those cards won't be profitable anymore.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: BrucePpp on September 01, 2020, 09:57:08 PM

I have already had 1.469eth for today... It's 1 hour for pool to pay out.

The profit is 21 usd per rig today...crazy market..

I tried to buy another 20 rigs and the market price has gone upto 1170 usd per rig.

now is not the time to buy rigs.

now it is the time to hold some of the coin.

if eth scares you then trade it for btc and hold it.

How much have you earned back on the 30000?

crwth

copper member

Activity: 2870

Merit: 1279

https://linktr.ee/crwthopia

Quote from: BrucePpp on September 01, 2020, 09:57:08 PM

I tried to buy another 20 rigs and the market price has gone upto 1170 usd per rig.

Wouldn't you want to get your ROI first before reinvesting? Or have I missed out on the part where you have already earned back your investment? As long as you keep balance with your investment and profits, it is good. Especially now, ETH has increasing in price again.

BrucePpp

jr. member

Activity: 46

Merit: 4

I have already had 1.469eth for today... It's 1 hour for pool to pay out.

The profit is 21 usd per rig today...crazy market..

I tried to buy another 20 rigs and the market price has gone upto 1170 usd per rig.

coinfused.so

member

Activity: 140

Merit: 10

ZEN

Quote from: neuromancer4867 on August 29, 2020, 10:17:09 PM

Quote from: Metroid on August 15, 2020, 05:49:57 AM

Quote from: Marvell2 on August 15, 2020, 05:20:59 AM

hindsight backwards, at the time how could he know ether was going to $400, what he did know is what he could steadily earn via buying the cheap hardware. he could have grabbed 30k worth of eth and lost half in a dump to $150. He took the safe path nothing wrong with that

If it crashed to 150 usd then the result would be the same, he would 3x more time to earn those 30k again because profit would crash 3x and that would be a pain for him as he would be paying for the electricity and earnings would be even smaller, the more it rises the better it is as electricity becomes trivial to pay. The end result would be the same, buying coins would still be the better choice no matter how you do.

Impressive lack of understanding of why people mine, equipment rest value, privacy, and ecosystem support.

hear hear!

neuromancer4867

member

Activity: 86

Merit: 16

Quote from: Metroid on August 15, 2020, 05:49:57 AM

Quote from: Marvell2 on August 15, 2020, 05:20:59 AM

hindsight backwards, at the time how could he know ether was going to $400, what he did know is what he could steadily earn via buying the cheap hardware. he could have grabbed 30k worth of eth and lost half in a dump to $150. He took the safe path nothing wrong with that

If it crashed to 150 usd then the result would be the same, he would 3x more time to earn those 30k again because profit would crash 3x and that would be a pain for him as he would be paying for the electricity and earnings would be even smaller, the more it rises the better it is as electricity becomes trivial to pay. The end result would be the same, buying coins would still be the better choice no matter how you do.

Impressive lack of understanding of why people mine, equipment rest value, privacy, and ecosystem support.

Topic: I bought 30 grand usd worth of P106 and hosted them in China! (Read 1840 times)