Topic: Mining as full time income (Read 1115 times)
Nebell good luck and have fun with your plans, maybe make a blog in order to see the beautifully places of the world that your eyes will see. I would like to be brave like you but i have mortgage to pay and my 12x GTX 1060 don't produce more than 500$/month.
I think no one should quit their jobs. No matter how much rich some one is. The main thing is social status and recognition . Still most of the people are not aware of this segment. They don't understand the importance of mining. Even what is it about? If you I can not say what I do for my work it will be embarrassing. Secondly it will be highly risky to depend on this until unless you have made enough tangible asset to depend on.
Quitting your stable job for full-timer mining is really risky. Why not do it both? since you can also do that side by side in parallel.
I know it's a hustle in the beginning, but once you get it up and running you can just leave it and continue working normally.
Yes, checking once in a day is not hurt you, especially after you back from work or before sleep for instance.
I spoke this as I also do the same, I still working and I have a mining rigs that give me "bonus" profit to my salary
PS. I dont know if you means by quitting your job is to build mining farm with 500-1000 GPU unit or antminner like. That's completely different story.
I know it's a hustle in the beginning, but once you get it up and running you can just leave it and continue working normally.
Yes, checking once in a day is not hurt you, especially after you back from work or before sleep for instance.
I spoke this as I also do the same, I still working and I have a mining rigs that give me "bonus" profit to my salary
PS. I dont know if you means by quitting your job is to build mining farm with 500-1000 GPU unit or antminner like. That's completely different story.
Continue your stable job ,working through mining is not enough and might get lack of income if you quit it.Price value is always flactuating and cannot predict the value whether it became increase or decrease.So its not advisable to quit your job and stay in mining ,no thats no good in your case.
If indeed the income that we get as a miner as you get then we will no longer lack of income let alone traveling around the world will not think again, especially now that you have a sign that has the potential then your life will feel calm. .
Keep your job, and keep your rig. Crypto is far too volatile to be able to depend on it as a sustainable income. It's not healthy to have only one stream of income in life - even if its a weekly wage from a job/career (I know it may seem hard to some, but finding other sources of income can be easy with the right amount of ambition and productivity, get a hobby and flip it into cash). Just save your money and invest in things you know will make it grow, whether it's a business you are starting, stocks, crypto - just remember, there is risk in every investment so dont put it all into one place. After doing this with due diligence and perseverance you are BOUND to be self sustainable.
I think it takes at least 10 times of investment.
Otherwise , You couldn't find yourself in a suitable situation.
Anyway I hope you will make it!!
The scenario you're missing here's a regular decline in the crypto markets over say 2-three years.
In this example, your mining rig pays returned in a slightly longer term however you may nonetheless profit ultimately. An funding directly from cryptos will position you within the poor.
Your estimate of depreciation is really pessimistic too. The 1080 Ti playing cards I purchased 6 months in the past for $a thousand are promoting used on eBay for $900. even supposing demand by means of miners drops I assume they may still be worth $500 in a years time.
I suppose the chances of all coins going to 0 (or near zero) value is extremely low, so I would not be placed much weight in your forestall loss situation. I'd positioned an awful lot better odds on there being either a regular upward push or flatlining/dropping gradually by means of some % a month.
So buying cryptocurrencies without delay is betting on endured profits, but mining is a hedging against the opportunity that there may be a plateau in market caps or gradual decline in value.
in my opinion, I'm having a bet on endured growth via 2018, but I do mine as well as a hedge and for amusing.
In this example, your mining rig pays returned in a slightly longer term however you may nonetheless profit ultimately. An funding directly from cryptos will position you within the poor.
Your estimate of depreciation is really pessimistic too. The 1080 Ti playing cards I purchased 6 months in the past for $a thousand are promoting used on eBay for $900. even supposing demand by means of miners drops I assume they may still be worth $500 in a years time.
I suppose the chances of all coins going to 0 (or near zero) value is extremely low, so I would not be placed much weight in your forestall loss situation. I'd positioned an awful lot better odds on there being either a regular upward push or flatlining/dropping gradually by means of some % a month.
So buying cryptocurrencies without delay is betting on endured profits, but mining is a hedging against the opportunity that there may be a plateau in market caps or gradual decline in value.
in my opinion, I'm having a bet on endured growth via 2018, but I do mine as well as a hedge and for amusing.
OP you should join my hotel mining band and we can travel the world in groups of 3 where each person takes rotating 9 hour shifts staying in the room with the rigs. Thailand is a great market for hotel mining and the vibrant nightlife makes all 3 shifts appealing.
as i thought ,
small miner , wil mine more coins to haven a few different coins for long therm...
best way to earn mayby a lot of money .... because we dont have to pay for the power...
thanks
small miner , wil mine more coins to haven a few different coins for long therm...
best way to earn mayby a lot of money .... because we dont have to pay for the power...
thanks
I think that mining, after a long time, will not be so profitable and attractive activity, because the complexity grows, the number of miners becomes more and well, and the prices for video cards grow fast!
You can run a business in this field. Try to create a mining farm , collect money in a pool and then scale your hobby. Why don't you make a ton of cash on it, if you know a lot about process and can easily set up a mining equipment
I was thinking about going full out mining and start earning at least as much as I earn now (about €1900 after taxes) and quit my job and instead travel the world.
I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
I do GPU mining too and what I learnt from the thing is, you need huge hash power if you want to be in the competition and want to earn some decent money. I started with GTX 570 and 9 of them were in place but gradually the difficulty started increasing and my income source was depleting badly after the electricity. Also, the mining might get struck with many problems, internet going down, electricity going down and much more unwanted problems. Each moment in the crypto mining is very important as we loose money over the time!
So yeah I think getting upgrades for your mining would be great idea and I wouldn't hesitate to sell my car if I were you! Go for it and do update us what you plan to do. Good luck buddy!
nah you don't need huge hash, just mine new shitcoin and dump at the first pump on exchange, done easy profit
I agree with the majority of people here. It might seem like a good idea at the moment based off of the profit your’re currently making, but come a few months, the price of electricity could change, or something could happen to your rig. I just think that it is a bit risky.
And plus, leaving your rig unattended for a long period of time is dangerous, and if it was to shutdown while you were away travelling, that’s a lot of money you’re going to lose before you can get it up and running again.
And plus, leaving your rig unattended for a long period of time is dangerous, and if it was to shutdown while you were away travelling, that’s a lot of money you’re going to lose before you can get it up and running again.
I mined directly to the Bitfinex exchange but they introduced the commissions. It is not profitable now to mine. Huge commissions are serious obstacles. Is there somewhere reliable option with a more loyal regime?
Why dont you mine (whatever that is) to wallet?
I was thinking about going full out mining and start earning at least as much as I earn now (about €1900 after taxes) and quit my job and instead travel the world.
I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
I do GPU mining too and what I learnt from the thing is, you need huge hash power if you want to be in the competition and want to earn some decent money. I started with GTX 570 and 9 of them were in place but gradually the difficulty started increasing and my income source was depleting badly after the electricity. Also, the mining might get struck with many problems, internet going down, electricity going down and much more unwanted problems. Each moment in the crypto mining is very important as we loose money over the time!
So yeah I think getting upgrades for your mining would be great idea and I wouldn't hesitate to sell my car if I were you! Go for it and do update us what you plan to do. Good luck buddy!
I was thinking about going full out mining and start earning at least as much as I earn now (about €1900 after taxes) and quit my job and instead travel the world.
I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
Is that true? please teach us if that's true.I currenltly have 13x1060 and 1x1080Ti which net me between $700-$1000/month (after electricity and it depends a lot on crypto price). I also have almost 6000 COSS tokens and if the exchange picks up and goes to Binance-volume in few years then I will probably not have to work for as long as they operate.
I was thinking about selling my car and getting twice as much hashpower and then just enjoy life in different parts of the world.
I believe mining is here to stay for as long as crypto will exist, which is forever.
Whether mining is currently profitable considering how many new miners are also starting to operate.
I wait for your reply. I hope mining is still very profitable
I mined directly to the Bitfinex exchange but they introduced the commissions. It is not profitable now to mine. Huge commissions are serious obstacles. Is there somewhere reliable option with a more loyal regime?
I agree with h311m4n. If you have no debt or other obligations, do it. Just make sure you have a good plan in place.
I'm fairly new to mining, however, I'm an experienced travel hacker. There are tons of websites and pvt forums dedicated to the topic. I've traveled the world (in 1st class) and stayed at some of the nicest resorts and hotels for free for years now. If you could combine the two "hobbies", I think you'd do quite well. Google Flyertalk and the blog frequent miler for a good place to start with all of that. Beware, Flyertalk is huge and confusing to noobs! lol
I'm fairly new to mining, however, I'm an experienced travel hacker. There are tons of websites and pvt forums dedicated to the topic. I've traveled the world (in 1st class) and stayed at some of the nicest resorts and hotels for free for years now. If you could combine the two "hobbies", I think you'd do quite well. Google Flyertalk and the blog frequent miler for a good place to start with all of that. Beware, Flyertalk is huge and confusing to noobs! lol
you should also invest strategically, stake, get some masternodes, etc. i'd say, depending on your situation, wait a year and see if you can make lambo-type money and then think about quitting after that.
that's what i'm doing. 9-5 is drudgery but it pays the bills until we go to the moon.
that's what i'm doing. 9-5 is drudgery but it pays the bills until we go to the moon.
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