Topic: Mining still profitable? (Read 563 times)
I have an NVidia GTX1080 and am mining at an average rate of $2 USD per day. Electricity costs about $10 USD per month. So I net about $50 USD a month. This is obviously going to take awhile to break even - about a year. However, this is the key: I’m investing my coins as I go and making money on trading. I’m new to the game but so far I’m earning another $50 per month just on trades. So that’s increasing my monthly net to about $100 USD. As I build my balance I can make larger trades and therefore larger profit - but that also comes with larger losses if I screw it up. So far I’ve been lucky. The point here is, put your mining money to work for you and it can increase your ROI.
Yes i think 
. But that depend your hashrate and what coin do you want to mine.
Because until to day, there's still a lot miner to mining also of me
And beside that, the mining not just how much coins result we can get, but also satisfaction about the process to resolve block
. But that depend your hashrate and what coin do you want to mine. Because until to day, there's still a lot miner to mining also of me
And beside that, the mining not just how much coins result we can get, but also satisfaction about the process to resolve block
I was thing to buy a machine to Buy something like that:
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
Yes this is a good setup, the only issue is that the RX GPUs are all overpriced. In most markets it's priced as double from the original MSRP when they came out about 2 years ago.
Sometimes it might be a better deal just to get some Nvidia GPUs which are slightly more power efficient and they usually have a higher demand with gamers when it comes time to liquidate.
Mining is definitely profitable, and it will be for a while. Almost any equipment will have ROI in less than 1 year.. It's not lucrative, but profitable? Yes.
I think this would be a debatable question. But as far as I'm concerned, mining is still profitable because the profit less the electricity is still gives you positive money. For example you mine 0.40 eth per month and its value if about $300 and the total electrical consumption cost only $100 then you still have profit. We can say it is profitable.
Just like Market, mining will see its own ups and downs but I do believe it's going to be profitable for long time to come.
I was thing to buy a machine to Buy something like that:
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
If mining is what you want to do then this setup isn't bad. There will always be better/different equipment so no point in fretting over this too much.
You could start to mine CryptoNote coins with your VPS like Electroneum or even try Boolberry. It seems to be a great coin to mine with CPU and with a good planned future.
Mining should definitely be considered for investment purposes and also should be considered waiting for a long time. Now maybe you are doing a coin mining and profit is too small, but three or five months later, this patience will bring more profit. Also you must choose undervalued coins and the coins which have a great potential and that are likely to explode in the near future.
I was thing to buy a machine to Buy something like that:
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
Yes this is a good setup, the only issue is that the RX GPUs are all overpriced. In most markets it's priced as double from the original MSRP when they came out about 2 years ago.
Sometimes it might be a better deal just to get some Nvidia GPUs which are slightly more power efficient and they usually have a higher demand with gamers when it comes time to liquidate.
I was thing to buy a machine to Buy something like that:
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
mainBoard: Asus z270-a
CPU a Celeron no more than 50€
6 AMD MSI RX580 8g Armor
plus 4Gb mem ram
PLus the risers for the grapgic cards
and a good PSU
the investment is arround 3000€ and the electricity here is around 0.13kw/h, so to pay my investment I will take more than 1year, so in my opinion is not worthed.
But Anyway this hardware is good or there is better with te same amount??
If you are wanting to use a VPS I would suggest looking into masternodes. Basically, you lock a certain amount of a given coin away, and run a masternode. You get rewarded for hosting a masternode in the form of more coins. They can be lucrative. Check out masternodes.pro and masternodes.online to get an idea of where you should start if you want to get into masternodes.
Have you ever tried running a masternode? It's one thing to talk about it but another thing to actually do it.
The problem with running masternodes is the cost. To run a masternode you need to have a certain amount of coins which usually costs a lot. I'd say the average minimum amount of BTC needed to run a masternode is 1 BTC and that is for shitcoins. Running a DASH masternode for example costs $200k USD. So yeah..
I run two masternodes. Denarius and Feirm. You can buy Feirm masternodes pretty cheap these days. Denarius is right around 0.85 BTC. I'm going to be getting another two Feirm nodes and maybe a Castle Airdrop Platform node when they go live, beyond that I haven't thought much.
You can buy a masternode on any budget just like you can mining hardware. The benefit of buying the actual coins and not the hardware is you have a better shot of recovering your ROI because you don't have to worry about hardware depreciating in value because newer stuff is always on the horizon. There's always the risk that whatever node you choose could fail as well for whatever reasons.
I've been in and out of mining since it was only Bitcoin and you could do that in a web browser (those were the days!).
Masternodes pose a unique opportunity because if you get in early and cheap you could really make it big.
As always, DYOR!
So do you have any idea or recommend anything to mine with VPS (Virtual Private Server).
Is this possible?
Is this possible?
That's possible. You only need to find CPU-based coins to mine (most profitable coin). I was also using VPS while the first-time ETN released. The one only problems are, how much that VPS cost you, it must be one of your consideration.
BiblePay (BBP)
- 10% mined coins always go to Charity (currently sponsoring 329 Orphans monthly!)
- ASIC-Resistant like Vertcoin/Groestlcoin (CPU Mining Only)
- fork of DASH (Masternode Governance, Proposals & Voting), Live 10% Monthly Budget
- Proof of BibleHash (POBh) algorithm, All Nodes are Full Nodes
- Ranked #145 in Code Commits
630+ million BBP coins in circulation, 5.2 billion by Year 2050
Launched July 23rd 2017, Market Cap $2 million, $0.003 per BBP
https://coinmarketcap.com/currencies/biblepay/
38% of BiblePay coins are rewarded to Healing and Curing with Distributed Computing [Contributing CPU Cycles to Science Research]
- Rosetta@home (Cancer, AIDS/HIV, Malaria, Alzheimer’s)
- World Community Grid (Cancer, AIDS, Zika, Tuberculosis, Clean Energy, Ebola)
Mining Guides:
https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/
https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/
it think it is not profitable to mine now because of the very high cost of equipment and electricity cost.it takes very long time to even brake even to small setups.but using green energy is very good approach such as solar energy but it also has initial investment. in my opinion it is better to invest that money into market and let it grow.
If you are wanting to use a VPS I would suggest looking into masternodes. Basically, you lock a certain amount of a given coin away, and run a masternode. You get rewarded for hosting a masternode in the form of more coins. They can be lucrative. Check out masternodes.pro and masternodes.online to get an idea of where you should start if you want to get into masternodes.
Have you ever tried running a masternode? It's one thing to talk about it but another thing to actually do it.
The problem with running masternodes is the cost. To run a masternode you need to have a certain amount of coins which usually costs a lot. I'd say the average minimum amount of BTC needed to run a masternode is 1 BTC and that is for shitcoins. Running a DASH masternode for example costs $200k USD. So yeah..
If you are wanting to use a VPS I would suggest looking into masternodes. Basically, you lock a certain amount of a given coin away, and run a masternode. You get rewarded for hosting a masternode in the form of more coins. They can be lucrative. Check out masternodes.pro and masternodes.online to get an idea of where you should start if you want to get into masternodes.
So do you have any idea or recommend anything to mine with VPS (Virtual Private Server).
The answer to the question in your title is yes. The answer to the question I have quoted is no. Everything is possible, but that doesn't mean it is going to be worth it or feasible. There are a lot of problems that come with attempting to mine from a VPS. The first question would be, does your VPS have any rules or go to any lengths in order to block or disallow mining? Most services/companies that provide VPS do not allow mining on their systems and take great measures against it.
There are some good CPU coins that you can look into if this is the case, but it's going to take some research, testing and contacting customer support.
No it's not, is far from profitable right now, to be profitable it needs to return your money invested in 3 months cause that is what the warranty of mining cards are, 3 months warranty, so if asus, gigabyte, inno, evga, asrock give you 3 months of warranty then that means they expect you to earn your money back in 3 months because after 3 months the manufacture expect it to fail, break and never work anymore and that is the real truth that trolls ignore.
So anybody saying mining is profitable right now, is a mindless troll.
So anybody saying mining is profitable right now, is a mindless troll.
You don't have to use mining GPU for mining, buy a normal one and get at least 2 years of warranty (2 years is minimum in EU). Of course, you should not overpay for your GPU.
And mining IS profitable.
How so?
I am living in a developing (kindof) country where it's money is worthless. Let's forget this for a minute.
What type of mining and coins that you think its profitable.
Could you please be more specific?
Be a real miner, search for it
if you disclosed it here, everybody jumps in and you may not able to enjoy what you are having right now
that's basically what the real miners ability is
You can do decent with ETH or such but I'm still pointing mine towards low difficulty stuff, makes more than cost but has huge potential if you can hold and not sell to cover monthly cost.
Soon nvidia and amd will block mining on gpu gaming, 3 months warranty on mining cards and the question will be, can you get your money in 3 months? I ask that because asus, gigabyte and others get their money by having sold you a mining gpu in 3 months when the warranty is done, can you do the same? can you get the money invested in 3 months? if not then it means is not worth the investment, means is not profitable at all.
You trolls are spoiled and cant see the big picture here, soon gaming gpus will be only gaming gpus and if mining survives all the crap they are doing to it, bitmain + gpu manufactures and soon nvidia and amd.
weird, my truck payment gets paid every month from money out of thin air.
hehe. must be some sort of troll trickery.
hehe.
It all depends on entry price point (ex, GPU @ MSRP or significantly > than MSRP), electricity costs, and profitability of coin(s) being mined. With this being said, mining can still be profitable.
Just checked, I'm making around 200 euros a month with electricity costing 0.13 eur/kWh with my 5x R9 290 rig. Around 100 euros go for electricity costs and 100 is money I have as a profit. It's not much but it's still something.
Cryptonight is the word.
Cryptonight is the word.
Leave mining to the big boys with the big farms with the free electricity. There is nothing left for the small timers anymore. You might make a few pennies a day if your lucky now.
You need to choose what you mine and can be profitable.
Miner problem is that he's not selling when ATH and if he hodl he ends up paying the bills. Mining early coins is the key to small miners.
So do you have any idea or recommend anything to mine with VPS (Virtual Private Server).
Is this possible?
Is this possible?
That's possible. You only need to find CPU-based coins to mine (most profitable coin). I was also using VPS while the first-time ETN released. The one only problems are, how much that VPS cost you, it must be one of your consideration.
Leave mining to the big boys with the big farms with the free electricity. There is nothing left for the small timers anymore. You might make a few pennies a day if your lucky now.
You can do decent with ETH or such but I'm still pointing mine towards low difficulty stuff, makes more than cost but has huge potential if you can hold and not sell to cover monthly cost.
Soon nvidia and amd will block mining on gpu gaming, 3 months warranty on mining cards and the question will be, can you get your money in 3 months? I ask that because asus, gigabyte and others get their money by having sold you a mining gpu in 3 months when the warranty is done, can you do the same? can you get the money invested in 3 months? if not then it means is not worth the investment, means is not profitable at all.
You trolls are spoiled and cant see the big picture here, soon gaming gpus will be only gaming gpus and if mining survives all the crap they are doing to it, bitmain + gpu manufactures and soon nvidia and amd.
You can do decent with ETH or such but I'm still pointing mine towards low difficulty stuff, makes more than cost but has huge potential if you can hold and not sell to cover monthly cost.
No it's not, is far from profitable right now, to be profitable it needs to return your money invested in 3 months cause that is what the warranty of mining cards are, 3 months warranty, so if asus, gigabyte, inno, evga, asrock give you 3 months of warranty then that means they expect you to earn your money back in 3 months because after 3 months the manufacture expect it to fail, break and never work anymore and that is the real truth that trolls ignore.
So anybody saying mining is profitable right now, is a mindless troll.
So anybody saying mining is profitable right now, is a mindless troll.
You don't have to use mining GPU for mining, buy a normal one and get at least 2 years of warranty (2 years is minimum in EU). Of course, you should not overpay for your GPU.
And mining IS profitable.
How so?
I am living in a developing (kindof) country where it's money is worthless. Let's forget this for a minute.
What type of mining and coins that you think its profitable.
Could you please be more specific?
No it's not, is far from profitable right now, to be profitable it needs to return your money invested in 3 months cause that is what the warranty of mining cards are, 3 months warranty, so if asus, gigabyte, inno, evga, asrock give you 3 months of warranty then that means they expect you to earn your money back in 3 months because after 3 months the manufacture expect it to fail, break and never work anymore and that is the real truth that trolls ignore.
So anybody saying mining is profitable right now, is a mindless troll.
So anybody saying mining is profitable right now, is a mindless troll.
You don't have to use mining GPU for mining, buy a normal one and get at least 2 years of warranty (2 years is minimum in EU). Of course, you should not overpay for your GPU.
And mining IS profitable.
No it's not, is far from profitable right now, to be profitable it needs to return your money invested in 3 months cause that is what the warranty of mining cards are, 3 months warranty, so if asus, gigabyte, inno, evga, asrock give you 3 months of warranty then that means they expect you to earn your money back in 3 months because after 3 months the manufacture expect it to fail, break and never work anymore and that is the real truth that trolls ignore.
So anybody saying mining is profitable right now, is a mindless troll.
So anybody saying mining is profitable right now, is a mindless troll.
Dont know about the vps part, but as far as gpu mining goes, enter only if you can find cheap gpu`s. And i mean cheap like half the regular price and that means used. Other options are waiting for new gen of gpu`s or to buy one of the asics that are spreading like a plague these days...
Hi dear valuable community members,
I have been searching to mine something but I am a bit confused.
I have already checked this section to find some answer but need your precious help.
I am an engineer (nerd) who enjoys building things with my own hands. But to mine btc, eth and similar stuff, you need to buy specific hardware and roi is really high for these coins. Also It gets harder and harder every day to make some money.
I do not expect too much money from this
So do you have any idea or recommend anything to mine with VPS (Virtual Private Server).
Is this possible?
Thanks
I have been searching to mine something but I am a bit confused.
I have already checked this section to find some answer but need your precious help.
I am an engineer (nerd) who enjoys building things with my own hands. But to mine btc, eth and similar stuff, you need to buy specific hardware and roi is really high for these coins. Also It gets harder and harder every day to make some money.
I do not expect too much money from this
So do you have any idea or recommend anything to mine with VPS (Virtual Private Server).
Is this possible?
Thanks
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