Topic: Researching Mining (Read 240 times)
Its going to be more profitable to mine altcoins and newly released coins, but also more risk
But my question is (and you people probably get it a lot)
Is it and 'how' is it profitable?
Is it and 'how' is it profitable?
Same question again , and again and again ...
There is the best answer for your question :
I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ?"
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later, tomorrow, next week, months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later, tomorrow, next week, months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
You are asking questions what really make no sense at all :
So my questions are as following:
1- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
2 - What build exactly can you recommend? (Parts and such, if not a mining ready PC)
1- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
2 - What build exactly can you recommend? (Parts and such, if not a mining ready PC)
1 - If you done research as you mentioned, and learned the basic about mining, then you not going to ask this question.
- " Let's say a PC budget ranging $2,000 - $4,000" what cost you $4000 in the usa, might cost you $5000 or more in your country...
2 - Tell us What coin you want to mine, then we might can give you some recommendations ...
But my question is (and you people probably get it a lot)
Is it and 'how' is it profitable?
Is it and 'how' is it profitable?
No one can calculate any profit for you from empty words ...
To calculate any profit we need to know your rig power usage , how much $ you paying for electricity /kwh included all taxes and fees, current coin/fiat exchange rate ...
So my questions are as following:
- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
at this time, a difficulty for that a problem. because of almost all price of coins are down, like you said electricity bill is primarily problem. moreover, if you decide to currently purchase GPUs .- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
- What build exactly can you recommend? (Parts and such, if not a mining ready PC)
for mining Rig actually enough for Celeron processor, RAM 4 GB, PSU adjust how many your GPUs and SSD 128 GB. for type a MB you can search in this forum sections.
First off, this would be a question to post in the Alt coin section as it is GPU mining. If you look into buying Asics to mine Bitcoin then definitely post in this section.
Next when it comes to mining you have to look at a couple of things biggest being your electricity costs as those cut into you profits greatly. You can look into some mining profitability calculators to see what your expected returns are going to be.
Seeing as you have a gaming PC right now you probably noticed GPU's are pricey and that means it will take you longer to ROI, and then see profit. Mining is a long term investment and there is no guarantee you will make a profit in the end.
I would spend some time going through the Alt coin mining section and then do a bit of google research there are sites out there that will direct you to all the parts you nee for a complete build.
https://bitcointalk.org/index.php?board=160.0
Good luck
Next when it comes to mining you have to look at a couple of things biggest being your electricity costs as those cut into you profits greatly. You can look into some mining profitability calculators to see what your expected returns are going to be.
Seeing as you have a gaming PC right now you probably noticed GPU's are pricey and that means it will take you longer to ROI, and then see profit. Mining is a long term investment and there is no guarantee you will make a profit in the end.
I would spend some time going through the Alt coin mining section and then do a bit of google research there are sites out there that will direct you to all the parts you nee for a complete build.
https://bitcointalk.org/index.php?board=160.0
Good luck
Hello.
I came to this forum to research and learn more about mining before I actually get into it, I want to be 100% sure about my research. I do not plant o invest or buy immediately and yes, I know many will tell me it is a risky investment I will be making. I have learned about the basics and how the mining works.
Now I understand, you need to invest a lot of money in order to be able to generate a descent amount of bitcoins, have a minimum of 6 GPUs
But my question is (and you people probably get it a lot)
Is it and 'how' is it profitable?
For e.g., from my own learning. I have a gaming PC that I bought - for gaming of course, it contains an i5 CPU and has 1060 GTX 6gb. But I've decided to get myself involved with cryptocurrency. Yesterday I have left my PC on with a program that mines coins, I've left it for 8 hours. 6am - 2pm. Upon coming back I noticed I've only made 0.25eur worth of bitcoins. Then I done my calculation if I was to use 6 of those I'd only be making a euro and twenty cents. Electricity used from the PC would cost triple times more, so I'd only be in a deficit here.
So my questions are as following:
- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
- What build exactly can you recommend? (Parts and such, if not a mining ready PC)
I'd like to thank you those who are willing to help and explain to me and for your time!
Have a great day!
I came to this forum to research and learn more about mining before I actually get into it, I want to be 100% sure about my research. I do not plant o invest or buy immediately and yes, I know many will tell me it is a risky investment I will be making. I have learned about the basics and how the mining works.
Now I understand, you need to invest a lot of money in order to be able to generate a descent amount of bitcoins, have a minimum of 6 GPUs
But my question is (and you people probably get it a lot)
Is it and 'how' is it profitable?
For e.g., from my own learning. I have a gaming PC that I bought - for gaming of course, it contains an i5 CPU and has 1060 GTX 6gb. But I've decided to get myself involved with cryptocurrency. Yesterday I have left my PC on with a program that mines coins, I've left it for 8 hours. 6am - 2pm. Upon coming back I noticed I've only made 0.25eur worth of bitcoins. Then I done my calculation if I was to use 6 of those I'd only be making a euro and twenty cents. Electricity used from the PC would cost triple times more, so I'd only be in a deficit here.
So my questions are as following:
- How are you able to maximize your PC capacity to earn you as much as possible? (Let's say a PC budget ranging $2,000 - $4,000)
- What build exactly can you recommend? (Parts and such, if not a mining ready PC)
I'd like to thank you those who are willing to help and explain to me and for your time!
Have a great day!
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