Topic: Mining , still worth it? - page 5. (Read 7308 times)

If you look at my stats, post count is a LOT higher than activity.

Apparently when your account is this old every post counts toward activity... As, everytime i post my postcount and activity go up. The numbers are identical. It should activate in 770-1000 range. Quite a few posts to go.

Anyway, there are a lot of assumptions being made here that aren't true which is why you can't fathom how I can do $20/day at $1/day cost. It's very profitable to mine as long as you're not doing the same thing as everyone else.

Hi all

for me personal,
Litecoin does good mining income.

i would recommend mining Litecoin.

greetings.

GLT.

I was misremembering details, but it's not "post count" that determines activity as such, it's "consistent posting" that does.

https://bitcointalksearch.org/topic/help-how-do-i-increase-my-activity-on-bitcointalk-2658590

Ya, and my account is 7 years old... Everytime i post my activity goes up too.. Another 100 posts and I'm legendary...

I have 5 complete rigs with 6 cards on each (AMD rigs 570 & 580 4gb and 8gb) and a "test rig" that has 2 GTX 1070s on it right now. Total cards is 32. I have 1 card being RMA currently (XFX 570 4gb) and when its replaced ill be back at 33 cards.

I have unlimited electricity for a flat fee at my house ($230+tax). 

You must be farming corn and potatoes.

Ya the 1 dollar part is completely unbelievable.

Activity isn't a measure of post COUNT - it is a measure of how many weeks in a row you've made at least one post.
I find the claim of $20+ a day per $1 in electric usage hard to believe, even if you're in one of the 2 counties "next door" to me where electric is available for 3c/KWH or a hair less even for for small miners.
$10 to $1 ratio, sure with a well optimized rig, but I don't see any way RIGHT NOW to get to $20 to $1.

A month ago, $20 to $1 would have been believable.

Than ASICs mining is more profitable now

I have a real good farm, i have a calculator and I can count  in contrast to you. The eastimation is connected to ETH mining (most profitable now and could be verificated easily)

How is it in my interest to do those things? I don't care if anyone believes it. Go buy some more gpus and asics 

The problem is $20+/day at $1 electrical cost at today's current situation is a very debatable claim. If you'd like, i'm offering you the chance to PM the details of what you are mining and i can guarantee to vouch for you if it checks out. I will stake my account and swear that I will never tell anyone else about it.

Interested?

If I said, everyone would be doing it. I'm at $20+/day still at less than $1/day electrical cost even with bitcoin at $6750 and crashing markets. I'm trying to get my post count up to legendary and I really hate to post these things. But it's agonizing watching people make stupid decisions.

I can't figure you out.  You've either never mined before and are just comparing current daily profit with overpriced gpu's (which I never bought, by the way) or you tried mining and got burnt by over paying for gpu's, and now you're hopeless.  To be honest the latter is just about the same as the crowd who straight up purchased btc with fiat at it's ATH in December.  All of those guys are salty too.  Lol.  My mining farm is doing just fine, but thanks for the concern.

The math that you're calculating isn't set in stone.  It's a variable that changes very frequently.  Exactly why I provided numbers that were over the course of an entire month. 

From the way that you talk, I don't think you've been around very long, so I can understand your point of view.  If I were looking to get into gpu mining right now or any time in the past few months, I wouldn't do it.  The reason that I have the opinion that I do is because if you would have purchased reasonably priced gpu's last year and rode the upturn of the market for a while, you would feel much better about the situation. 

I'm mining, I'm trading, I'm buying just to hold ... Adjust your strategy and portfolio based on what is best for you.  Or if you don't believe in crypto, get the fuck out, and go trade something else.  Not sure what else to tell you.

How can you be better than the average joe when it's all about hardwares and stuffs? Do you mean that one should have resources which they can able to buy those things that they need? I'm at 50/50 point when it comes to mining, especially that there is a scarcity in GPU's. Wish that I can turn back the clock and never invest into ICO's or trading new coins. I was able to purchase 3x 1080 Ti's when it was cheaper @ $1k/unit and put half of my investment to those things that I mentioned. If you have faith in what you do and have a better decision capacity than I am, mining will still be profitable.

Your imagination is really great especially for those who can count $0.4 per day profit from one GPU NVIDIA 1070 for example

Right this second, you need appx. 800 Mhash/sec to earn 1.9 ETH per month - that would be 26 Nvidia 1070 models or 28-30 AMD RX 470/480/570/580 models.
Power consumption presuming WELL OPTIMIZED rigs would be around 3000 watts on the Nvidia side and 3500-4000 watts on the AMD side.
The AMD option would be lower up-front cost at current card pricing.

My power bill for 4 KW continuous power draw 24 hours a day 30 days a month would be a bit under $160 ALL fees and taxes included, and I could drop it to about $110 if I lived one county over.


In my case, the actual numbers are a bit lower for ETH income, a bit higher on power use per rig (the R290 rig eats a LOT more power than a 1070 or Polaris rig would but since the cards are long paid for and ARE still profitable), but the majority of my income right now is from ZEC not ETH.
I DID just drop my electric bill by almost a third, when I shut down my A2 Scrypt farm 'cause it wasn't even breaking even any more *BEFORE* factoring in cooling costs (though evap cooling is CHEAP, and a lot of my cooling is forced-airflow).

My "imaginary earnings" have been paying my rent, electric bill, Internet bill, buying food, putting gas in the van, and other such stuff for 2 years now with ZERO other income past the first few months of that timeframe.
The cash in my wallet and the money in my credit union checking account sure don't SEEM imaginary.

Not really imaginary.  If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60.  My electricity for the month was around $400.  Now go IMAGINE that you grew a brain.