Mining ETH or other coins. Is it worth nowadays?

bitcoinmasterlord

legendary

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Quote from: kukelka on February 14, 2018, 04:15:57 AM

thank you guys for such valuable information.

But I have heard some rumors that soon gpu's will be useless for mining as there will be other equipments/hardwares to mine eth.

My question is , what you think how long graphic card's will be used for mining eth ?

You only asked which GPU is good for mining and now you only telling GPU's are useless. I don't know why did you ask this question previously.

Anyway yup we have other mining machines to mine some altcoins including ETH if you want you can use it. it's good to compare GPU hash rate.

we are not sure how long you can able to mine ETH using GPU's but if difficulties increased means you can mine other coins with that GPU's.

ipanks

hero member

Activity: 1610

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I think you can try with GPU because in my opinion, with GPU, you can have many option coin to mining and it is not only for one or two algorithm. besides that, you can choose what coin that will give you the big profit in daily so you can start mining. but you need to know how much you need to spend your money to buy the GPU because today, the price for one GPU is increased higher so we need to spend more money.

kukelka

member

Activity: 186

Merit: 11

thank you guys for such valuable information.

But I have heard some rumors that soon gpu's will be useless for mining as there will be other equipments/hardwares to mine eth.

My question is , what you think how long graphic card's will be used for mining eth ?

albertcrypto110

jr. member

Activity: 140

Merit: 1

minning is an alternative way to earn coins.Mining is profitable after a long time. Because you need to buy a proper mining rig which will be efficient and will let you utilize it's full potential. ETH based tokens and other alternate coins that has and will have value's in the future is worth mining.

spongegar

full member

Activity: 476

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I'm not as knowledgeable as you guys but from what i heard, mining itself doesn't have much returns. I mean yes you would have to put in investments like a rig and electrical bills. But the return, from what I've heard, isn't as rewarding as you would with trading and or campaigns. But hey, if you're ok with it, and you have a rig for mining then go ahead. It doesn't hurt to earn a few more bucks for it. Again, it would depend on the coin you're mining

bitcoinmasterlord

legendary

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Quote from: kukelka on February 14, 2018, 02:00:59 AM

Quote from: tsaroz on February 13, 2018, 07:13:31 PM

If you can easily switch crypto to fiat and the electricity cost is lower, you will have a profit.You can start with low capital to play around. You can ask others to assemble the graphics card to the motherboard.

yeah, I really can switch crypto to fiat in like one hour, its not a problem. And electricity in my country price is really good, not expensive at all.
So guys, these days what cards would be best to buy? and other equipments to make mining work.

To mine ETH and other altcoins, my suggestion is you can go with

Pentium G4400 skylake 3.3ghz
Corsair 4gb RAM DDR4
AsRock H110 pro BTC plus
power supply Corsair RM1000X
Sapgire rx580 8gb

I think this information is enough to set up your rig.

Teraboy

hero member

Activity: 2282

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Quote from: kukelka on February 14, 2018, 02:00:59 AM

Quote from: tsaroz on February 13, 2018, 07:13:31 PM

If you can easily switch crypto to fiat and the electricity cost is lower, you will have a profit.You can start with low capital to play around. You can ask others to assemble the graphics card to the motherboard.

yeah, I really can switch crypto to fiat in like one hour, its not a problem. And electricity in my country price is really good, not expensive at all.
So guys, these days what cards would be best to buy? and other equipments to make mining work.

The majority of my friends are using NVIDIA GPU rather than AMD, because it's more efficient and effective and you will be able to get maximum hashrate. People are moving towards Nvidia caused by that.
It seems good to you try to read all of comparison between nvidia and amd in the cryptocompare forum. Crypto compare also provide mining profitability calculator too.

G00DFe77a

jr. member

Activity: 55

Merit: 6

Nicehash is good because it gives you an overall higher payout, but it pays in BTC. If you want to mine some coin that you think have the potential to boom, then that's where the big rewards comes in.

ryjin1007

sr. member

Activity: 476

Merit: 250

Yes you got that one right because right now mining bitcoin takes a lot of time and sometimes you can get few of them while mining altcoins you can get much more in just one day which its more profitable that you expected

nytstalker

member

Activity: 378

Merit: 10

In my opinion Yes Mining is worth it. But you have to take a risk in paying high electricity bill every month.

kukelka

member

Activity: 186

Merit: 11

Quote from: tsaroz on February 13, 2018, 07:13:31 PM

If you can easily switch crypto to fiat and the electricity cost is lower, you will have a profit.You can start with low capital to play around. You can ask others to assemble the graphics card to the motherboard.

yeah, I really can switch crypto to fiat in like one hour, its not a problem. And electricity in my country price is really good, not expensive at all.
So guys, these days what cards would be best to buy? and other equipments to make mining work.

tsaroz

legendary

Activity: 3164

Merit: 1069

If you can easily switch crypto to fiat and the electricity cost is lower, you will have a profit.You can start with low capital to play around. You can ask others to assemble the graphics card to the motherboard.

btnt8888

newbie

Activity: 12

Merit: 0

Mining some other coins can still be "worth it." Easiest way is Nicehash because it auto optimises, and it is selling your mining power, the difficulty of coins does not affect.

dimon01

member

Activity: 378

Merit: 17

Quote from: frost_wind on February 13, 2018, 06:06:05 AM

It depends on many factors : what coin to mine , what hardware to use , price of electricity , price at wich you are able to purchase hardware , possible risks , etc. Also , there are a lot of different algorithms in mining and a lot of them is profitable , only if mining using ASIC's . Nowadays , mining can give profit , or may not . So , you should perform an in-depth analisis before purchasing any hardware , or it could be unprofitable for you

I think that in the case of mining, the risks are too big when compared with trading. Mining farms cost a lot and sometimes can not even pay off in the end. In addition, now there are more and more coins that do not need mining at all. I would not advise even to begin..

cryptomeo

full member

Activity: 560

Merit: 100

i agreed, try ETC mining to

. Now is the best time to start ETH mining , the price is expected to increase overtime. Mining is always the best long term strategy to get new coins. Good kuck.

rudolfaxl

legendary

Activity: 1372

Merit: 1001

Quote from: kukelka on February 13, 2018, 05:44:59 AM

Hey guys,

I am planning to start mining, but not sure if i am too late or if it's worth to jump in.

Can somebody who doing it already give some info about best part's to buy?
Or maybe share some useful info from your own experience?

More info, more better.

Everyone wants to break even as fast as possible, but maybe there are some not well known techniques/methods to speed up ROI?

Thanks in advance

There is only one way to increase ROI. First of all you need to determine the undervalued coin which is not pumped a lot yet. The next thing is to HODL it until the pump. I use this way.

zhekinsp

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Quote from: jrrsparkles on February 13, 2018, 11:55:57 AM

Yeah,mining is still worth to so,because there are lots of crypto currencies are available to mine.But mining ethereum maybe not profitable that much because the difficulty level is high.
So you try mining other coins it is a good source of steady income,I think mining XMR maybe a good option because the price may increase in the future so you can mine it now with GPU mining.

You are right,mining ethereummaybe not profitable when we compare it to the other coins due to its difivulty level so we can mine other coins and can convert it into ethereum if we want.And there are hundreds of altcoins are available to mine so we can choose them based on our hardwares,but mining the shitcoins maybe not worth so mine some potential coins to make our investments worth.
There are other factors also plays a role in profits,the electricity bill is imporatant in mining so if your country has cheaper electricity then you can have more profits.

shimbark123

sr. member

Activity: 574

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I believe that this post should be in altcoin mining. But yes it is still worth! Many people are mining eth and bitcoins nowadays and many more are still counting! But right now, you should mine ETC. Because in ETC there is no mining fee needed.

jrrsparkles

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Yeah,mining is still worth to so,because there are lots of crypto currencies are available to mine.But mining ethereum maybe not profitable that much because the difficulty level is high.
So you try mining other coins it is a good source of steady income,I think mining XMR maybe a good option because the price may increase in the future so you can mine it now with GPU mining.

beggo

jr. member

Activity: 61

Merit: 1

I feel like it is worth it. It depends on how much your energy cost is though because mining takes a lot of your household energy costs up. If you can make more than what you need to spend, then yes it’s worth it

Topic: Mining ETH or other coins. Is it worth nowadays? (Read 471 times)