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euclidnw

newbie

Activity: 6

Merit: 0

Quote from: MATHReX on February 07, 2019, 02:38:43 PM

Quote from: michaeljp64 on January 27, 2019, 04:04:50 AM

i was looking at these faucets any recommendations

Faucets as such are not at all profitable and it can take very long time to even get a dollar from such said faucets.
If you are keen to earn some coin, I'll recommend checking out the bounty section.
OR buy some coin as it cannot get cheaper then it already is.

prices have a lot of room to keep dropping

MATHReX

sr. member

Activity: 861

Merit: 281

Quote from: michaeljp64 on January 27, 2019, 04:04:50 AM

i was looking at these faucets any recommendations

Faucets as such are not at all profitable and it can take very long time to even get a dollar from such said faucets.
If you are keen to earn some coin, I'll recommend checking out the bounty section.
OR buy some coin as it cannot get cheaper then it already is.

Number6

sr. member

Activity: 490

Merit: 254

Quote from: BitcoinGirl.Club on January 27, 2019, 03:16:18 AM

Quote from: adaseb on January 27, 2019, 03:07:37 AM

Right now mining is extremely unprofitable even with home owned CPUs and GPUs.

I guess most of the CPUs and GPUs miners are waiting for a spike to sell their coin and until then they are just doing charity for the industry? I always had this idea that why not the miners to decide the market price of a coin since they are the people who are doing the production.

Any thought?

There a very few 'home" type miners left in the market now days. A good portion of CPU miners are botnets, so it cost the "owners" of these bots nothing in terms of power and they can pretty much dump coins on a daily basis.

Also, a good majority of GPU miners now mainly consist of giant commercial type operations located in places where they can get very low cost power (2-3 cent/kwh). There are also probably a small percentage who get free power; either its included in their rent, or they still live at home or are in college with their parents footing the bill who are still mining.

So I think the remaining very few percent that actually pay for their own power and pay much above 5 cents a kwh for electricity may be doing some speculative mining and mining at a loss today simply in the hopes the prices recover soon. I doubt there are many people strictly doing it for charity of the network.

michaeljp64

newbie

Activity: 9

Merit: 0

i was looking at these faucets any recommendations

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: adaseb on January 27, 2019, 03:07:37 AM

Right now mining is extremely unprofitable even with home owned CPUs and GPUs.

I guess most of the CPUs and GPUs miners are waiting for a spike to sell their coin and until then they are just doing charity for the industry? I always had this idea that why not the miners to decide the market price of a coin since they are the people who are doing the production.

Any thought?

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

Quote from: michaeljp64 on January 27, 2019, 02:23:37 AM

Has anyone had any luck with these company's to mine coins

linode , Digital ocean vutr and heztner

michael

Right now mining is extremely unprofitable even with home owned CPUs and GPUs.

To pay to rent a server and mine with it, is even more unprofitable. I don't see any profit this way.

Even if you got some voucher with some free credits or hours with DO or Amazon AWS, its not even worth the hassle installing all the mining software because all you would make is peanuts.

michaeljp64

newbie

Activity: 9

Merit: 0

Has anyone had any luck with these company's to mine coins

linode , Digital ocean vutr and heztner

michael

Topic: servers (Read 228 times)