Topic: want to start mining - page 8. (Read 13969 times)
if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money
lol your friend and his computer are about 5 years too late.
5 years is a little too much in the past, but in 2012 and even 2013 mining in your home was profitable. I guess that past 2013 the only way to real profit from bitcoin mining is own a specialized mining farm with hundreds of ASICs.
Yeah but not really what the set up they were working on. By 2013 we had asic and before that we had killer fpga's.
It was still profitable with GPUs, though. Especially when it jumped to $1200/coin in 2013.
DO NOT USE A COMPUTER TO MINE BITCOIN!!
There is no profit in it because it is way to slow. Even in a pool you will not do enough mining to earn 1,000 satoshi in a single day. You can get on faucets and do over 50k in about an hour making mining useless with a PC
There is no profit in it because it is way to slow. Even in a pool you will not do enough mining to earn 1,000 satoshi in a single day. You can get on faucets and do over 50k in about an hour making mining useless with a PC
With that hardware configuration there really isn't a whole lot your friend can do insofar as mining is concerned. Without some dedicated ASIC hardware hashing away his best bet would be either:
a.) don't mine at all and just purchase coins and hold
or
b.) If really wanting to mine look into mining some competing algorithms that are more GPU friendly (i.e. x11, x13, ethash, etc.)
a.) don't mine at all and just purchase coins and hold
or
b.) If really wanting to mine look into mining some competing algorithms that are more GPU friendly (i.e. x11, x13, ethash, etc.)
Very nice thread guys 
regards
BTC LOVER
regards
BTC LOVER
lol your friend and his computer are about 5 years too late.
5 years is a little too much in the past, but in 2012 and even 2013 mining in your home was profitable. I guess that past 2013 the only way to real profit from bitcoin mining is own a specialized mining farm with hundreds of ASICs.
Yeah but not really what the set up they were working on. By 2013 we had asic and before that we had killer fpga's.
Dont unless you have very cheap electric.
lol your friend and his computer are about 5 years too late.
5 years is a little too much in the past, but in 2012 and even 2013 mining in your home was profitable. I guess that past 2013 the only way to real profit from bitcoin mining is own a specialized mining farm with hundreds of ASICs.
lol your friend and his computer are about 5 years too late.
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
Why would people rent out their hardware if they were earning less than they would just, you know, using it? Common sense, my friend.
are you have tried mining ? real mining altcoin/bitcoin with real hardware ?
or you have tried mining with rent power ?
you have to try it before talk about it,,
mining altcoin and bitcoin is very diffirent
for me if you want to mining with real hardware you have to try rent some power then calculate your ROI with your earning
i have tried and it's a wast of time, you can only lose there
i explain to you when you can actually use it for profit, basically it was good in the past because with altcoin you cna instamine a shitload of block early at launch, by renting for few hours a huge hahspower, now it's not the case anymore
but you can try your luck on mining solo with bitcoin by renting a great numbers of tera and see if you take the block, although it's really a gamble...
I've rented (both to and from) and mined nearly every type of algorithm there is. Again, if I could make $1.00 off my hardware, why would I rent it out to you for less? That would be stupid. So you're either paying more than the renting is worth (losing money) or you're losing money (losing money). It makes no economical sense.
For the same PoW algorithm, there are many coins out there. I cannot mine each of them profitably. So I rent out my rig.
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
Why would people rent out their hardware if they were earning less than they would just, you know, using it? Common sense, my friend.
are you have tried mining ? real mining altcoin/bitcoin with real hardware ?
or you have tried mining with rent power ?
you have to try it before talk about it,,
mining altcoin and bitcoin is very diffirent
for me if you want to mining with real hardware you have to try rent some power then calculate your ROI with your earning
I've rented (both to and from) and mined nearly every type of algorithm there is. Again, if I could make $1.00 off my hardware, why would I rent it out to you for less? That would be stupid. So you're either paying more than the renting is worth (losing money) or you're losing money (losing money). It makes no economical sense.
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
do you really this it is profitable well i dont see any scope of profit on this kind of stuffi have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
If your electricity price is high. It is better not to mine directly. You can buy some bitcoin now, the price will rise, you can still make some profit.
my electicity price is not very high but still i dont think this time my friend should go for mining
If your electricity price is high. It is better not to mine directly. You can buy some bitcoin now, the price will rise, you can still make some profit.
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
Why would people rent out their hardware if they were earning less than they would just, you know, using it? Common sense, my friend.
are you have tried mining ? real mining altcoin/bitcoin with real hardware ?
or you have tried mining with rent power ?
you have to try it before talk about it,,
mining altcoin and bitcoin is very diffirent
for me if you want to mining with real hardware you have to try rent some power then calculate your ROI with your earning
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
Why would people rent out their hardware if they were earning less than they would just, you know, using it? Common sense, my friend.
i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02
If you have cheap electric go for it.
Even if you have FREE electricity, you're wearing out your systems, so you're losing money. Horrible advice.
Mining will kill your pc and your mobile if you start mining, but i would suggest to use it for anything else like offline wallet if you really don't know what to do with these two devices.
I don't think he said if it was a dekstop or laptop. Desktops are harder to kill. Granted if using a GPU it can be pushed and killed... been there.
But it is not worth doing as you lose money at this point. And I'm still not sure what he means by web mining... I wish internet could bring a income but i have gigabit and made 0 off web.
Mining will kill your pc and your mobile if you start mining, but i would suggest to use it for anything else like offline wallet if you really don't know what to do with these two devices.
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