Author

Topic: Question about Unmineable.. (Read 105 times)

jr. member
Activity: 152
Merit: 6
HODLer
December 29, 2021, 11:25:42 PM
#3
Thanks for your answer @sxemini! I know you can't mine SHIB, so I figured they were having you mine something else and then just converting it but wasn't sure what I was actually mining. Monero makes sense. For the RandomX mining I was doing it was on some PC's laying around, and I do get pretty cheap electricity costs (one of these PCs is always running anyways). Do you think they would earn more going straight to a Monero pool like MoneroOcean as opposed to unmineable?
member
Activity: 1558
Merit: 69
December 15, 2021, 08:30:38 AM
#2
I recently started using Unmineable to earn SHIB by mining on a few extra PC's I have laying around. As of now, the minimum payout for SHIB on the site is 1,500,000. The high number makes sense when you consider the cost of SHIB right now, but obviously by running only on PC's and not GPU's it's going to take a really long time to reach the 1.5 million mark. I'm okay with that if sometime down the line (should SHIB rise to say $0.005 or even $0.01) they lower the minimum payout amount. Has anyone ever seen Unmineable do such a thing before? If I start mining and choose to receive an extremely low trading coin (like SHIB) and that coin eventually goes up, will Unmineable drop the minimum payout amount?

My concern is, lets say I run the miner on a few PCs for like 6 months and manage to earn 100,000 SHIB. Then, SHIB magically soars to $0.005 and suddenly (because of it's price) I'm not earning as much per day as I am right now, and yet I'm still way off from the 1.5 million. However, my 100k SHIB at $0.005 is now worth $500 (way more than what 1.5 million SHIB converts to right now)... If this were to happen do you think Unmineable would drop the minimum payout threshold for SHIB, or keep it the same? If there is no chance they ever drop the minimum payout then I might as well stop mining with them unless I get a GPU...

At the end you will loose money when you using unmineable. If you mine randomx with some PC´s laying around, it will hard for you to cover the electricity costs. And Unmineable only convert your mined Monero to shib and pay you in shib. You will get more if you mining monero direct and convert it to shib by yourself.

And by the way, shib is shit, don't follow the wrong hype dude
jr. member
Activity: 152
Merit: 6
HODLer
December 12, 2021, 01:47:42 AM
#1
I recently started using Unmineable to earn SHIB by mining on a few extra PC's I have laying around. As of now, the minimum payout for SHIB on the site is 1,500,000. The high number makes sense when you consider the cost of SHIB right now, but obviously by running only on PC's and not GPU's it's going to take a really long time to reach the 1.5 million mark. I'm okay with that if sometime down the line (should SHIB rise to say $0.005 or even $0.01) they lower the minimum payout amount. Has anyone ever seen Unmineable do such a thing before? If I start mining and choose to receive an extremely low trading coin (like SHIB) and that coin eventually goes up, will Unmineable drop the minimum payout amount?

My concern is, lets say I run the miner on a few PCs for like 6 months and manage to earn 100,000 SHIB. Then, SHIB magically soars to $0.005 and suddenly (because of it's price) I'm not earning as much per day as I am right now, and yet I'm still way off from the 1.5 million. However, my 100k SHIB at $0.005 is now worth $500 (way more than what 1.5 million SHIB converts to right now)... If this were to happen do you think Unmineable would drop the minimum payout threshold for SHIB, or keep it the same? If there is no chance they ever drop the minimum payout then I might as well stop mining with them unless I get a GPU...
Jump to: