Topic: I was a miner and I will be again - page 2. (Read 1437 times)

It is but you have to invest more than in the past.
You'll find informations here https://bitcointalk.org/index.php?board=14.0

is it still profitable to mine btc ?

Does anyone know which coin gives the most profit in case of mining it?

Do you guys switch to another coin if it's more profitable to mine the "new" coin?
Or does it take too long to switch?

Oh my, I didn't expect this was a necro thread. LOL! Thx for the heads-up.

Check when he wrote it

I wouldn't worry about it, it's not too late, not even close. This technology is still new and it's getting easier to mine crypto assets such as Zcash and Monero. And in a little while you'll be able to mine FileCoin and Golem on on GPUs and CPUs from all over the world for free. This is not even the beginning, things will become much wilder and more expansive.

LordSloth
Are you talking $304 a month with just one 7870? What other specs of a PC would be (cpu/ram/MB)?
I ask because it seems quite high profit for not too expensive setup, almost "dreams come true".

Investing is a tool for building wealth, but it is not only for the wealthy. Anyone can get started on an investing program, and various vehicles make it easy to begin with small amounts and add to a portfolio periodically. In fact, what differentiates investing from gambling is that it takes time—it is not a get-rich-quick scheme.

Btc  1CZvQXej47y67qbXw9HZw3NrHrtVrFfUob

Same here, now I feel bad for not be mining in the start of the year.

But we still have time to get our profit. 

Ugh. I wish I got into this earlier, but I was quite busy with other things.
I guess now is as good a time as any.
Good luck and happy mining.

DOGE for the win. I have a R9 290 and calculating my profits around 440 dollars each 30 days.

Nevertheless, i will not sell any DOGE for the coming 3 months, because.. > look at bitcoin. I think/hope/pray that DOGE will go higher and higher and make me a crypto-DOGE-millionair.

Such currency. Many Doge. Way crypto. WOW

A person would have to be crazy to spend money on an ASIC.

It is much cheaper to mine the script based coins using a GPU.  ASIC will never be developed for Script based coins, and if they do, the script algorithm can be changed, to turn the script based ASIC into a brick.

At least with a GPU you can sell your graphics card, if this crypto currency trend crash and burns.  With and ASIC card, you might as well throw it in the trash if this happens.

I am currently mining DOGE, and then converting it to Bitcoin.  

If I farmed DOGE with my AMD Radion 7870 Graphics card, and then convert to bitcoins, i make $304 a month.
If I farmed BITCOIN with the same GPU directly, I would make 1 cent a month.

I'm not counting power costs, because it is winter, and I can either heat the wreckroom with oil or with my GPU. So power is a trivial cost.

Now next week, there may be a better deal, as the various altcoins go up and down, due to speculation, pump and dump and other factors.

I use dustcoin.com to compare the most popular altcoins, and the profit I can make any given day (Hopefully I can say this, without breaking the TOS, sorry otherwise).  Notice that all the Bitcoin type algorithms (SHA-256) earns peanuts, compared to Script type algorithms.

I also donate 1% to the mining pool companies, as this money helps to pay for hardware and infrastructure, and its also good Karma.

Good Luck and Happy Mining.

Vetz you will have to invest in ASICs at this point to mine BTC, otherwise mine alts as others have suggested and exchange... Good luck!

As long as there are great new alts like DOGE we can keep using our GPUs to profit. LOL

The bitcoin mining has become more difficult, good luck Ilvetz82 !

Yes - totally agree - with GPU now you can mine only scrypt coins - bitcoin is not profitable using GPU

You can mine Scrypt coins with your GPU and exchange to Bitcoin, this way GPU mining is still profitable

Welcome. Don't worry too much. Nobody can see the future

welcome ,enjoind

I'll not repeat the same error...  
Thank you.

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BTC: 16eUp1hyrfAayB76YymHrDXdAHvxrWSF3x