Topic: Mining cryptocurrency still is a good idea? (Read 1534 times)
I know another BTC fork incoming... is possible mine that?
I got back in around February... and have slowly built up my farm since then.
Right now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
60k worth of gpu hardware you should be making at least 10k a monthRight now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
It is my total cost of PCs, GPUs, racking, wiring, network hardware, etc. I am also still optimizing which algos I pick on ZPOOL (for example the last three days multiplied out would be $8700 / Month).
Either way I am happy with it -- along with investing some of the funds into alts for speculation "actual" income could indeed surpass what I see on the day-to-day calculations.
I got back in around February... and have slowly built up my farm since then.
Right now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
60k worth of gpu hardware you should be making at least 10k a month Right now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
I think we are in a lull period again, profitability is dropping fast for the average miner. China taking over the GPU market again with their free electric and cheap chips.
Its up to you, you just need to explore and as long as you have a good profit from it. Observe what's it cost and what can you gain. There are many options for cryptocurrency mining. Some algorithms can still be run more or less 'effectively' on CPUs while others work best on GPUs. Good luck!
Why not?. You can use online calculators to calculate profits and increase you earnings. Moreover, if you are ready to purchase a GPU you can earn a good amount. Mining is a forever profitable one.
I got back in around February... and have slowly built up my farm since then.
Right now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
Right now I am actively using ~$57k in hardware producing ~$6-7k a month predictable revenue (with power cost around $700-800 or so of that).
That is not bad at all, IMHO... There have been times along the way that I have made a higher % of the active hardware per month.
I expect to be 100% paid off in hardware by February or so 2018 including the addition $15k in hardware I will be taking online between now and December.
And I am sitting on a ton of GPUs & other hardware with decent resale value (even if all my coins go to $0)... I haven't bought any "mining specific" hardware so I can re-sell the systems as well pretty readily as well even after I sell the GPUs.
I use ZPOOL with NEMOSMINER to profit switch... there is SO much more out there than just ETH, Zcash, Etc.
IMHO... if you aren't married to mining just a few things you can do quite well still.
Mmmh I intresting thing... but look like the investitor is stronger then miner in last period... Make right decision for mining need more time to make the right decision for invest...this market look like faster then before.
Definitely, it is still a good idea
you should try your luck with Altcoin mining like minecxoin, electroneum, ethereum classic and other atlcoins. mining with pool is always profitable it is very hard to mine btc
Like the others said you need a good setup and enough hash power. As long as you're making more than electricity cost, then It's good as well the cryptocurrency you're mining might increase in price ^^ so I'd give it a shot.
It is still profitable but make sure you mine the right coin at the right time.
Go into mining "bussines" only if you know what will you do with the parts when this will be done 
Hey anyone aware of Dash coin mining and how profitable it is "realistically".
NO its NOT, the BITMAIN D3 killed that, and now nobody is making money on x11 mining, other than DASH all the other X11 coin are penny-alts, not worth mining, and now with a D3 that costs $1500, you can earn $4/day, less power of $4/day, NET-zERO
Go to the moon
DASH is not longer a GPU coin, it is now an ASIC coin, but even those with ASIC's make no money mining DASH
OMG. Just ordered 2 D3s from Bitmain. Looks like we just have to use them for heating our home. Thank you for the info though. Will stay mentally prepped for whats coming
If you want a safe ROI through the time, mining is a good idea if you don't want to do anything. but you have to be careful about the rise or the fall of the crypto price, and the difficulty of mining that increases fast.
And if you want a free heat for your home during the winter ;-)
All the setting for the production of coins will provide your home with warmth. To consider this possibility only as savings primary fuel if you have the ability to regulate the flow of heat. I think we need to consider only the fact that mining coins. You need to carefully calculate the profitability and to remember that over time the profitability will decline. If she is low it makes no sense to start this business. And if you want a free heat for your home during the winter ;-)
If you want a safe ROI through the time, mining is a good idea if you don't want to do anything. but you have to be careful about the rise or the fall of the crypto price, and the difficulty of mining that increases fast.
And if you want a free heat for your home during the winter ;-)
And if you want a free heat for your home during the winter ;-)
When i started to get into crypto, i can honestly say that mining is not that profitable. Ive split my investment, half into buying and holding coins and the other half into mining facility and hardware. As of today my coin holdings has made me alot more profit than my mining investment. Yes people say you have hardware you can resell. But not all asics is resellable on the market after even a short period of use.
So it would be better to buy the coins you believe has future value.
So it would be better to buy the coins you believe has future value.
so what happens with Eth switches to POS? all the current mining power will go to something like Monero and will decrease profits right?
ETH is like 5% of the crypto universe, they have already made themselves irrelevant, ETH-CLASSIC is now on rise.
ETHASH is an obsolete algo
The script language for ETH is juvenile
Time for ETH 2.0
As long as it's still profitable then it is worthwhile mining.
Another option if you want to get paid in BTC would be NiceHash.
Another option if you want to get paid in BTC would be NiceHash.
Mining cryptocurrency in this state is really hard this is just because the reward is getting small due to the increasing number of miners. So the more the miners the smaller and hard to get bitcoin. Investment is the best to cryptocurrency due to its volatility and many are now getting interested in crypto.
I seem to partially agree with you but am wondering how someone who may not have the resources needed for investment could still participate in the run through mining.
NICEHASH is a scam, only MORONS an idiots and newbies use NICEHASH,
SPend $1500 on a rig, expect to earn $10/day, in a 3rd world country $300/month is a lot of money,
Figure it out for yourself.
It's a fucking HOBBY,
GOT it?
Best U can earn right now is about $15/day per rig, less power cost of $5/day
$1500 for rig HW, that 150 days, almost six months to payback
$1500 is a lot of money, you could start a paper-route or buy a taco stand.
I try to mine some BTG but the difficulty is too hard... anyone can suggest any good crypto to mine ?
HUSH is #1 now for EQUIHASH, earning $13/day right now
BITCOIN-Z is same as BTG and you can get 2,000/day pretty easy
whattomine.com is your friend, and the scam coint BTG is not listed, because its a scam RICO-COIN that nobody will touch,
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