Topic: you can spend $8000 on a GPU rig, and someone with $50 and nice hash can lower (Read 916 times)

Hi, answering your question, in my personal opinion mining is a running, you have to identify as fast as you can some variables, and also decide which way to go.
As an example, invest in a mining rig will be always better if you do it right, I mean equipment’s selection, installing, good profits calculation (use a page like cryptocompare), configuration and TIME TO MARKET, what I mean is , if you order your equipment’s and they arrive  5 weeks later believe me you will lost a lot of money) This will only work if you know how to assembly a computer or see a lot of videos in youtube that will help also. (write me if you need help)

I have never use nicehash, but i see the costs there are high, for i consider it once. And comparing to a mining rig you can mine for at least four years continually 

In both cases you have to select a coin that will increase it values fast, if are not the common ones like, BTC ETH, XMR, you have to at least read the white paper and see if the project have future or you will be mining garbage


I know there a lot of topics of mining rigs and selection of coins to mine, but I write this just for you have an idea of what i am talking about. Before decide a create a mining rig or use nice hash consider this

1.- What coin I want to mine?
2.- Make yourself this question. Does this coin have a future? Its value will increase in time?
3.- Can I sell this coin easily or I have to keep them for a long time?
4.- Which equipment is the best to mine this coin (hasrate)?
5.- How much power this equipment will require?
6.- Beware that at least you have to have a big computing power (gpu mining rigs, a good server) or you are not going to make profits in a month
7.- Chose a coin that have a future
8.- Beware of the difficulty of the algorithm for each day it past you will get less coins, hence you have to mine something that also gain value each day to contra rest this

Hope this was helpfully

Good book  I read most of his  books over the year.

Hello fellow Heinlein follower!

Im new in crypto and I really like it. But I really concern about something disadvantage such as the ransomware, terrorist and scam/hacker... Are there any solutions for these which I missed?

To the topic: Great idea I will try to invest in this way lol.

You must be fucking stupid to not spend 50$ if it is so profitable, go and spend those 50 $ and get MN  

Damn I gave up the whole scheme sorry guys.

"...STRIKE ONE!....well Hobbs doesn't like the call..well welcome to the majors, Mr. Hobbs."

Basic thing you must know, if ppl put more hashpower on the coin network, it will increase the difficult and you will get less coins in your rig.

For exemple, If you rig can do 1kh/s on cryptonight and you receive 1000 coins when network has 1mh/s, if some one put a nicehash and pump network hash to 5mhs, difficult will be higher, your the reward can be 200 coins.

Well, I can because I'm from that visible audible minority

See, that is something trolls should learn with you, should never see as usd, market since the beginning is set as btc but few saw that way, i myself was a troll in the beginning who saw only usd but with time you learn, coins increased in price cause those who saw as btc increased their bags and flew through the skies those who saw as usd have become bagless and dug their own grave with usd, only trolls see as usd or any other money scam.

The point of cryptocurrency is hold 99% FOREVER and die with it if the case or give to a relative before you die and teach the padwan, that way, coins will always increase in value and when you need to convert to usd, you do so. Always remember that with cryptocurrencies, governments or anybody don't know if you are rich or not, that is the beauty of it, hide your fortune and be free forever, no tax, no bullshit.

theres no free lunches in crypto. somebody spending 50$ and mining a new coin is taking as much of a gamble as somebody going shitcoin shopping on cryptopia, or a miner speculating a coin before it hits the markets of right after it hits. nicehash gives steady comfortable income in the form of btc that i can hodl. i think you and i have discussed this on a previous thread. on the other hand, i could mine zencash, and hope that over the course of the next 12 months, its %age growth stays on par w/ btc or more. i cant deal with that stress, diversifying my rigs by 50-75% on nicehash, and use the rest of my hash power to speculate.

ill say this, i invested quite a bit into the market last year trying to find those 20x 50x gains, but had i just maintained my portfolio in the tried and true btc eth (i prefer etc, because its the real decentralized ethereum) and ltc, id have made millions. instead, i tried to fuck with different coins like vertcoin (fucking shouldve sold at 10$) or monacoin (also shouldve sold). when i say sell, i mean convert to btc. til now i havent cashed out a single dollar, and all my calculations are done in sats. on coinmarketcap, i view all the markets in btc, not usd. this is the way people should invest. i made the mistake early on investing against the USD instead of BTC, and it cost me. im still in the green, but not retirement at 30 green like i couldve been.

He is saying the truth and you are laughing at him? Jokes on you trolls, a guy with $50 renting hash at nicehash to mine a new coin will probably get more profit than you trolls who buy a rx 580 for $1000 and wait for a miracle to happen. The only thing that will save you trolls from yourselves is reality.

Right on boyo! And remember to choose nice hash! 

Interesting. I mean since we can't get video cards renting hash power makes more sense.

I'm just going to start using rented hash to get master node status like everyone else instead of spending money on video cards and electricity.

come on now, this is not 4 chan and racism is ugly. 

Or a Frenchman

Yep, I had a look at his post history and had a good laugh. His sentences aren't exactly coherent either. Perhaps a troll account?

This OP is an absolute joke - has started some of the single most stupidest threads I have ever read have a look at some of the past ones.

It has actually lowered my IQ reading some of this garbage

What's your point?. What's it mean:
1. You're trying to convince some miners who have lost their trust for mining the nicehash after hacked?.

2.or you suggest for miners didn't buy GPU for their RIG?.

3.or you advise everyone to rent hash in nicehash rather buy a GPU that's expensive?.

Just someone complaining about the ability to buy a lot of hash power from Nicehash. I seriously doubt $50 will get you much, though. Maybe a day's worth of mining from a $8000 rig considering how much a 1080Ti is earning right now.

I'm failing to parse what the issue the OP is complaining about is about.

Might be they're spewing nonsence and I'm just not grokking it.