Is mining still profitable? - page 2.

ShaunOfTheLive

newbie

Activity: 18

Merit: 0

Quote from: CommanderVenus on May 05, 2013, 02:44:30 AM

I would mine Litecoins, except that every miner out there was written with trojan code (not the malicious kind, just to connect to everyone apparently) and the only way to get past it is to uninstall my virus protection..

What antivirus are you using? Microsoft Security Essentials doesn't have any problem with LTC miners...

CommanderVenus

sr. member

Activity: 258

Merit: 250

Zoinks! Its the Miner Miner Forty-Niner!

I would mine Litecoins, except that every miner out there was written with trojan code (not the malicious kind, just to connect to everyone apparently) and the only way to get past it is to uninstall my virus protection..

ShaunOfTheLive

newbie

Activity: 18

Merit: 0

Quote from: snowshadow on May 05, 2013, 02:33:38 AM

Ive stopped mining bitcoins, its either LTC or CHN/CNC now

I'm mining BQC (BBQ Coins, another scrypt currency). Apparently an exchange is coming soon.

DragonDNS

newbie

Activity: 7

Merit: 0

Yeah, dustcoin has recently added some new alt currencies to their list and nearly every other alt coin is more profitable than BTC.

snowshadow

newbie

Activity: 5

Merit: 0

Ive stopped mining bitcoins, its either LTC or CHN/CNC now

Noone1

newbie

Activity: 8

Merit: 0

GPU Mining: No
ASIC Mining: Yes

dazzle

newbie

Activity: 49

Merit: 0

Quote from: christop on March 27, 2013, 04:53:01 PM

Bitcoin mining will always be profitable for some miners. If it becomes unprofitable enough for a miner, they can drop out of the game, making it more profitable for the remaining miners.

Post of God. Bow.

christop

member

Activity: 84

Merit: 10

Bitcoin mining will always be profitable for some miners. If it becomes unprofitable enough for a miner, they can drop out of the game, making it more profitable for the remaining miners.

Gator-hex

hero member

Activity: 490

Merit: 500

Bitcoin is profitable but eventually, when the ASICs are in miners hands, it won't be and you'll need to switch to LiteCoin with graphics cards.

Litecoin has been designed to make it hard for anyone to create a dedicated FPGA/ASIC hardware miner.

kefky

newbie

Activity: 50

Merit: 0

Quote from: pixel on March 25, 2013, 07:24:18 PM

Is mining Litecoin or Bitcoin still profitable?

I just orderd few avalon miners so I hope so Cheesy

Edvin512

full member

Activity: 167

Merit: 100

could get 2-3 7970's for 450watt

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Quote from: wevie on March 25, 2013, 07:42:05 PM

Quote from: pixel on March 25, 2013, 07:33:14 PM

I dont pay for electricity, still in High School.

This blows my mind.

If you run a 1000w mining rig for 24/7 for a month I bet your parents electric bill goes up at least $50

As a parent, if my electric bill goes up $50 all of a sudden, feces will hit the ventilator.

Try like 450-500w

jaeyjay

newbie

Activity: 13

Merit: 0

I've been mining litecoins for a while and they are still quite profitable, especially with the rising prices.

wevie

newbie

Activity: 7

Merit: 0

Quote from: christop on March 25, 2013, 07:53:39 PM

Sometimes electricity to run a mining rig actually can be free, particularly in colder environments where you would normally have to run a heater.

However, OP did not state that power is included in HIS rent or that he owns a wind farm, simply that he is still in high school. This implies that he lives at home and HE doesn't pay for power someone else (a parent?) does.

OP implies that power consumption is not important to him because he will steal the power from his parents.

(This my understanding of

Quote

I dont pay for electricity, still in High School.

and may actually be an incorrect assumption)

christop

member

Activity: 84

Merit: 10

Sometimes electricity to run a mining rig actually can be free, particularly in colder environments where you would normally have to run a heater.

bitcoiner1

newbie

Activity: 6

Merit: 0

Quote

This blows my mind.

If you run a 1000w mining rig for 24/7 for a month I bet your parents electric bill goes up at least $50

As a parent, if my electric bill goes up $50 all of a sudden, feces will hit the ventilator.

Thought the same

Maybe instead of generating money, which burns your parents money, you could just ask them to give you more pocket money.

wevie

newbie

Activity: 7

Merit: 0

Quote from: pixel on March 25, 2013, 07:33:14 PM

I dont pay for electricity, still in High School.

This blows my mind.

If you run a 1000w mining rig for 24/7 for a month I bet your parents electric bill goes up at least $50

As a parent, if my electric bill goes up $50 all of a sudden, feces will hit the ventilator.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

I dont pay for electricity, still in High School.

ionux

full member

Activity: 140

Merit: 100

Yes, definitely. Exactly how profitable depends on a number of factord: power cost, hardware cost, mining difficulty, hash rate, market prices and whether you are part of a pool or solo mining.

carborundum

newbie

Activity: 57

Merit: 0

Quote from: pixel on March 25, 2013, 07:24:18 PM

Is mining Litecoin or Bitcoin still profitable?

Bitcoin mining is getting near its end for small players. Cost of electricity > Bitcoin value mined. Even if ASICs turn out to be a fraud its still not really worth the effort IMHO.

LItecoin... who knows??

Topic: Is mining still profitable? - page 2. (Read 1771 times)