But you can still give it a try and see, then it's more about learning rather than making serious profit.
Topic: Is mining BTC at home now impossible for a regular Joe? (Read 612 times)
Yes, I think it is too late now for the average Joe to get into home bitcoin mining and earn a decent amount of money, unless he has free electricity
But you can still give it a try and see, then it's more about learning rather than making serious profit.
But you can still give it a try and see, then it's more about learning rather than making serious profit.
Bottom line is a person can Home mine if they have space in a garage.
I just started a you tube channel.
That shows how to soundproof a few Avalon 741 miners and run them in your garage.
You can make some money if you can use the heat, I am in the state of New Jersey I will post a link
https://bitcointalksearch.org/topic/sound-proofing-for-avalon-741-or-721-or-6-2245487
The two miners cost 1646 the two psus cost 234
1870 plus 130 to soundproof.
So 2k usd.
It will lower my heating bill from now until the late spring about 600.
I am hoping it earns 2200 in coins. So that totals 2800 - 2000 = 800
Power is about 180 a month so 1080 for six months. So 1080-800=280
So after six months. I would have a loss of 200-300 most likely sell the gear for 1000
And net 700.
So 2000 becomes 2700 in only six months.
Which is a positive return of 35 percent in six months.
The average garage miner will max at 2 to 5 kwatt
I won't get rich but will earn money.
I just started a you tube channel.
That shows how to soundproof a few Avalon 741 miners and run them in your garage.
You can make some money if you can use the heat, I am in the state of New Jersey I will post a link
https://bitcointalksearch.org/topic/sound-proofing-for-avalon-741-or-721-or-6-2245487
The two miners cost 1646 the two psus cost 234
1870 plus 130 to soundproof.
So 2k usd.
It will lower my heating bill from now until the late spring about 600.
I am hoping it earns 2200 in coins. So that totals 2800 - 2000 = 800
Power is about 180 a month so 1080 for six months. So 1080-800=280
So after six months. I would have a loss of 200-300 most likely sell the gear for 1000
And net 700.
So 2000 becomes 2700 in only six months.
Which is a positive return of 35 percent in six months.
The average garage miner will max at 2 to 5 kwatt
I won't get rich but will earn money.
Hey folks,
Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
You will have to buy expensive mining rigs. Lots of maintenance and work to do. Don't forget about electricity bill. If you are living on a place where electricity is inexpensive you might give it a shot. Else don't even bother. All those maintenance cost and electricity fee will end up killing you and not worth trying.Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
Hey folks,
Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
You will have to buy expensive mining rigs. Lots of maintenance and work to do. Don't forget about electricity bill. If you are living on a place where electricity is inexpensive you might give it a shot. Else don't even bother. All those maintenance cost and electricity fee will end up killing you and not worth trying. Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
https://www.coinwarz.com/cryptocurrency
Check this to see how much you can make. Those values at the top are for ASICS and very high end PC components. Even if you're mining the most profitable altcoins today with an average PC, you'd be losing around 6-7 dollars a day.
Check this to see how much you can make. Those values at the top are for ASICS and very high end PC components. Even if you're mining the most profitable altcoins today with an average PC, you'd be losing around 6-7 dollars a day.
Try the Altcoin section, Bitcoin has been IMPOSSIBLE to mine effectively with a "regular computer" for several years now.
For Bitcoin mining you need specialized hardware, ie. ASICs. Not necessarily insane, but definitely dedicated hardware.
Many alt coins are still profitable to mine using GPUs, although even here in some cases you already need ASICs nowadays.
Unless you have a gaming PC, mining with an ordinary home computer will at most yield you your electricity bill, even with alts. Depending on your specs, most likely not even that.
Many alt coins are still profitable to mine using GPUs, although even here in some cases you already need ASICs nowadays.
Unless you have a gaming PC, mining with an ordinary home computer will at most yield you your electricity bill, even with alts. Depending on your specs, most likely not even that.
I also wonder, is it possible to do mining without the farm, with an ordinary home computer, sitting at home?
Hey folks,
Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
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