Laid low for a few years | Bitcointalksearch.org

NeuroticFish

legendary

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Quote from: Cranky4u on April 14, 2020, 07:41:23 AM

curious about jumping back into mining with some old skool CPU coins

CPU mining is not a good business anymore. It's cheaper to find a few promising coins and invest the money you were prepared to pay for electricity.
However, if you have late/last generation CPU, you can take a look at Monero.

Doranile432

member

Activity: 476

Merit: 22

Start mining Monero, still the best and most profitable coin to mine in the crypto space today, you can get better hash rate with CPU, do not mine new altcoins, 99% I mined are dead today

adaseb

legendary

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With $0.10kwh USD power, you pretty much making nothing with GPU mining. With ASICs you can actually make a profit if you get the latest and greatest ASICs like the Antminer K5, Antminer S19, A10 ETH miner, etc. However the issue with those is the entry price.

The A10 ETH miner is like $3000 and you always worry if ETH will fork to ProgPOW or not. They net like $5 a day after power costs. So ROI ls like 2 years. Either PROGPOW or POS will come first.

Same issue with Antminer S19 they make $5 a day, but it will change next month due to halving and cost like $2000.

Hence unless you got free power, cheap power, or are friends with Bitmain there is little chance of earning a profit.

Amph

legendary

Activity: 3248

Merit: 1070

mining is dead for euro even at 10 cent you are there making peanuts

GarySeven

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Merit: 17

Quote from: adaseb on April 15, 2020, 12:23:38 AM

Wow an old timer, I see you joined back in early 2012. Back then BTC was $5 a coin. Yes you heard that right guys, $5 a coin.

However lots have changed in the mining world. Basically gone are the days of mining with your laptop and earning 0.10 BTC/day with your i3 processors. You need top of the line processors these days to barely make anything.

People got GPUs , ASICs, FGPA and they are barely beating their power bill. Give you an example, with an Rx 470 8GB, the most common GPU on the market, with an average power cost of $0.10/kwh you make $0/day. The $0.36 profits all goes towards electricity. With CPUs its similar result, same with ASICs.

Werd...

I shut down my A9 Zmasters for a bit until ZEC breaks $50/per coin as the electric bills got onerous, and I have .07 p/kwh in my location. Right now I would be profiting .90 per rig per day. When I first got the A9's I was at $50-$60 a day per rig and was sooooo happy. I'll never see those numbers again but I'll take what I can get.

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

Wow an old timer, I see you joined back in early 2012. Back then BTC was $5 a coin. Yes you heard that right guys, $5 a coin.

However lots have changed in the mining world. Basically gone are the days of mining with your laptop and earning 0.10 BTC/day with your i3 processors. You need top of the line processors these days to barely make anything.

People got GPUs , ASICs, FGPA and they are barely beating their power bill. Give you an example, with an Rx 470 8GB, the most common GPU on the market, with an average power cost of $0.10/kwh you make $0/day. The $0.36 profits all goes towards electricity. With CPUs its similar result, same with ASICs.

SeaBits

member

Activity: 66

Merit: 27

Quote from: Cranky4u on April 14, 2020, 07:41:23 AM

I have been laying low for a few years and curious about jumping back into mining with some old skool CPU coins for shits and giggles...any suggestions?

You could start with XMR (Monero).

Good luck & welcome back!

ZeeeN

jr. member

Activity: 297

Merit: 3

old skool cpu coin like xmr,ytn?

today i mine microbitcoin hope pirice going up in mid year.

Cranky4u

hero member

Activity: 810

Merit: 1000

I have been laying low for a few years and curious about jumping back into mining with some old skool CPU coins for shits and giggles...any suggestions?

Topic: Laid low for a few years (Read 279 times)