Topic: I was a miner and I will be again (Read 1480 times)

No need to call yourself an idiot for that because it's in human nature that when we give something, we expect something in return and when we don't get it, we leave it. The same is the case with many other Bitcoiners who did just like you and lost their chances of being millionaires or even billionaires of today's date in many ways, some bought pizzas and some crashed/threw their hard drives while others sold off in panic.


Great that you decided to mine Bitcoins again, but (not discouraging you but telling you the truth) that I believe you are quite too late here. Not just did Bitcoins touch the sky alone, but the difficulty to mine has also been breaking records daily to keep up with the value and make it more and more hard for every miner to be able to solve the blocks. Only difference it makes here is, you will need some expensive hardware now to start mining Bitcoins and ROI takes much longer than before.

You came to establish yourself or something. We are happy for you that you remained true to your principles, only how it concerns us and what we can give you or advise you.

...definitly alts...btc difficulty is to high to mine it with gpu...even eth mining is hard if u have expencive electricity like in mine country...so i'm alway's looking for alternative's...

I wish you will mine alts...not btc

You are welcome here. As you were a miner and now you want to be again, it is really nice. Go ahead and carry on.

You use your GPU to mine coins, amount of it is depend on your GPU, more of it means more coins so this is a person that "make" coins.

a lot of us on forum are miners...that means that we have GPU rigs or antminers or similar...write it in google search then switch it to pics ...in simple word this is a computer with 2,3,4,5,6,...graphic card's...
hope i helped U

I'm sorry, i'm new.. Can anybody tells me who is a miner?

I thing nobody know the future)

Welcome back. now the bitcoin price has been very tempting

Is it possible now? I thought that the miners already filled in all the resources

I can start minining year ago but i wont, what an idiot Iam. So im going to minning this year hope im not idiot now.

me too i was a miner since then and i discover bitcointalk so i think this forum can help me to gain more btc.

Whoa, building a rig for mining costs a lot, I have tried to create one, but never realized the electricity bill it could cost so I dropped the project and started to join signature campaign instead.  I have read a lot of trying to mine bitcoins, their initial review was the issue of electricity bills,  having one cpu coupled with at least six high-powered graphics cards would create a 1000 watts per hour... that is a lot if the rig will continue on and on.... i have already read that the initial month of the return of investment will have atleast 6 months before you start earning at the least...

No there are some alternative to mine could be profitable if you can build your custom mining you can try to build a mining rig with gpu gtx 1050 ti are good and less electricity.. Or other build that you can afford to buy But better GPU better earnings daily..
If you go directly to bitcoin its still profitable but it can be more profitable if you are waiting for the price increase before you sell your bitcoin..
or mine altcoin would be profitable but don't sell also if the price was increase sell it to make a good profit..

I'm not sure why people think this will happen and that it'll be a good thing. Yes it'll happen but many years from now and by then it won't be worth it even more than it is now for one person.

Always remember that when mining bills is now alot higher so b ready for that and btc now will be much harder to mine than 2012

Ong what a thread i hope you could mine enough btc in 2013. Maybe you are already a millionere in real life. I wish i would know about btc in 2013

my opinion of mining being profitable is a thing of the past as one have to shell more money so as to make few bucks.

Just invest and do not do mining because aside from its cost too much money then it is mostly a fixed income and if you want to get my suggestion, i suggest to you to just invest in different altcoins in the market so you can earn up to 10% everyday without worrying for your maintenance in mining rigs and so on.

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.

--
BTC: 16eUp1hyrfAayB76YymHrDXdAHvxrWSF3x

Welcome back ! 

If i only discovered bitcoins one year ago.... and not 6 moths ago, now i will have very much money, i'm afraid that you stopped mining in the gold era....

Patience is one of the most important thing in this market, long term vision (and luck) is the only one that will pay something.

Just to present me and do not inquinate other threads.

I'm vetz and I was a miner. I mined a few btc in 2012 and I stopped after a month because btc was very low on value.
What a idiot!

Now I'm going to start mining again!

Thank you for your patience and trusts!

Bye