Decreed and almost all other coins are not profitable, but the t-rex miner in the X16R algorithm is giving me good results in my single rig consisting of six 1060 3 GB which are giving me 72 Mhs consistent hashrate.
Based on my electricity rate it is a bit profitable but even if it weren't I would still mine at a loss because I believe in the future of crypto.
Topic: Is Decred or any Blake256R14 mining profitable? (Read 200 times)
yeah, things are pretty bad right now, i myself i have been buying coins, no point mining where buying is so much better at this point.
Agree, it's just crazy. I was even thinking of sinking some money into Nicehash and hoping for the best when pool luck goes up and it's found over 150% of the previous 10 blocks. I've done that before and I get out more than I put in. The trick is to have capital so you can carry a long round and not lose any BTC. So if I sink $3500 of BTC into it I might get a little out. Very risky though.
I trust my friend overseas. He lets me mine ETH on one of his rigs. I might get a rig instead of an ASIC and do a little ETC mining. The network hash rate is low enough and the difficulty is not that bad, at the moment I'm getting 1 ETC/day on my friend's rig, I should look into it...
... and if it doesn't work, I'll go back into the hash cracking business; there's always people asking me to crack a bunch of hashes since I've worked in information security before and they don't usually have GPU rigs themselves for hashcat. So I have a few options to amuse myself if I decide on a GPU rig.
A9 Zmaster not shipping yet from Blockforge... will have to wait for that one.
RIP Bitcoin mining. At least here anyway.
yeah, things are pretty bad right now, i myself i have been buying coins, no point mining where buying is so much better at this point.
My other option is to just send miners overseas to my friend who has crazy low electricity costs. That might be a lot better than trying to mine here, even with cheaper than usual power and solar out at the property.
There are plenty of calculators out there to answer your questions
I don't trust them. I keep getting different results. Some say yes, some say no.
If you dont trust them then it means is out of your league and if you dont think is out of your league then by all means you should try yourself, check your hashrate and difficult and mine using different pools and maybe by a miracle even with all the results from all of it you will believe in yourself, i'd say you have problems with acceptance using facts.
Decred like all the cryptocoins, is not profitable and for it to be profitable, cryptocoins should have at least 700% increase in their prices.
Thanks, I'll keep that in mind.
I think I will go for the Innosilicon A9 ZMaster, that will net $5/day after costs. It will be an enjoyable little side hobby. I already know I'm not going to make serious money, but pocket money is okay for me at this point in time. It's a passion of mine so as long as I don't lose on electricity I'm okay with that.
Edit: I did manage to check the claims of the A9 ZMaster, buy asking a friend to point a few minis for 50k/sol at slushpool. It seems to add up, so I'll take that risk. The ZMaster is super efficient too, 650 W or something like that. Half a Bitcoin miner in electricity costs. I can't seem to find anything that's profitable for Bitcoins directly, even with the bigger higher hashrate machines coming out. But converting zcash to btc would be an option, same for just holding zcash that I can mine, it's all a bit of fun, and if it goes up in price, well that's great. If not, that's fine too. At least I can hodl some zcash, maybe mine some alt-coins with same algorithm.
There are plenty of calculators out there to answer your questions
I don't trust them. I keep getting different results. Some say yes, some say no.
If you dont trust them then it means is out of your league and if you dont think is out of your league then by all means you should try yourself, check your hashrate and difficult and mine using different pools and maybe by a miracle even with all the results from all of it you will believe in yourself, i'd say you have problems with acceptance using facts.
Decred like all the cryptocoins, is not profitable and for it to be profitable, cryptocoins should have at least 700% increase in their prices.
There are plenty of calculators out there to answer your questions
I don't trust them. I keep getting different results. Some say yes, some say no.
There are plenty of calculators out there to answer your questions
Is mining for Decred still profitable?
Especially at very high hashrates, like terahashes?
I'm not aware of any other Blake256R14 coins, but I suppose they exist...
Thanks
Especially at very high hashrates, like terahashes?
I'm not aware of any other Blake256R14 coins, but I suppose they exist...
Thanks
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