What stops you from buying cryptocurrency mining hardwares?

[FernandoAleixo]

And if not, what stops you? Maybe it looks suspicious and unreliable for you? For being too expensive? Maybe it's too hard? Please let me know your thoughts!

 

[Mike MMM]

For mining btc, the guy that produces the mining equipm.

 

[MatthewGraham]

It's expensive, time consuming, risky, and pays way, way less than selling things.

 

[hero76]

No money in it anymore. Prices are 1/3 what they were in January

 

[FernandoAleixo]

It's expensive, time consuming, risky, and pays way, way less than selling things.

I don't think so, it's a long-term investment so in a year or so you're making at least 100 monthly over almost nothing, you just need to set your farm correctly, that I'm talking about only one hardware, imagine having a farm of at least 5 hardwares mining constantly 24h/daily. That's at least 500 bucks out ot doing basically "nothing".

 

[Zwielicht]

Thread Moved​

 

[Amoled]

the expensive electricity in my country, around $0.29 and $0.34 per KWs

 

[MatthewGraham]

It's expensive, time consuming, risky, and pays way, way less than selling things.

I don't think so, it's a long-term investment so in a year or so you're making at least 100 monthly over almost nothing, you just need to set your farm correctly, that I'm talking about only one hardware, imagine having a farm of at least 5 hardwares mining constantly 24h/daily. That's at least 500 bucks out ot doing basically "nothing".

Already addressed all of these points in the original post. If it's worth it to you to make that investment, spend all the time researching optimal set ups, and it's the most profitable use of your personal time, then go for it.

The other point is risk -- all of this assumes that crypto prices will be favorable to you, which is a risky assumption to make.

Anyway, the four points from my original post are why most people who don't mine cryptocurrency choose to do other things with their time and money instead.

 

[Speedlearner]

What's your setup how many rigs you have? i think it cost a lot . i think more better buy a pva and do ogads!

 

[Deleted member 657006]

i tested it """electricty""" .

was a massive setup waste of time .

electric man won not me.

 

[Deleted member 657006]

Already addressed all of these points in the original post. If it's worth it to you to make that investment, spend all the time researching optimal set ups, and it's the most profitable use of your personal time, then go for it.

The other point is risk -- all of this assumes that crypto prices will be favorable to you, which is a risky assumption to make.

Anyway, the four points from my original post are why most people who don't mine cryptocurrency choose to do other things with their time and money instead.

in my case you needed x2 years just break even with hardware cost .

plus burn outs are a night mare.

2016 sep gamming was huge then.

20 cards all over £400 each.
5 rigs open style.
5 amd mother boards.
5 amd 8 core.
5 ssd 60gb only.(( kingston))
5 power packs (( 800 amps ))
10 ram sticks at 4gb each.(( kingston))
1 kvm switch all setup.

forgot
x5 water coolers (( real water pipes cooling )),on the amd chips

fans was huge bedroom fans x4 all pointing at open rigs

27k wholesale price.

on my first electricty bill , went stright on
ebay and the left overs got some in my box.

waste of time .

i was going to do the same with small computers diffrent way but being honest then online minning took off so not worth it.

no lie 1 afflicate link to iphone 4/5 made more cash then the whole stupid setup

 

[Battambang]

And if not, what stops you? Maybe it looks suspicious and unreliable for you? For being too expensive? Maybe it's too hard? Please let me know your thoughts!

Electricity prices $0.18 UDS per KWH

Another thing would be unreliable/untrustworthy website/sellers I would rather just deal with a company from direct from Alibaba than deal with a middle man.

 

[Gromit]

A functioning frontal lobe.

 

[Seo khan]

Cryptocurrency is ponzy scheme. Soon this game will be over

 

[Deleted member 635645]

I started in the december 2017 with 21 cards, i am still mining with the same cards. I wanted to buy more cards 3 months after investement, but price went down and ROI is not so good as in the mid january.

 

[DaPromo]

Electricity cost.
I have one rig setup in Ukraine because of cheap electricity.
When Bitcoin price reaches ATH again I will probably scale and add a couple more rigs

 

[Deleted member 635645]

What price of electricity is there? My rigs are running about 50km from UA borders and eletrcity cost is 0.13euro per kwh. (Slovakia.)

 

[DaPromo]

What price of electricity is there? My rigs are running about 50km from UA borders and eletrcity cost is 0.13euro per kwh. (Slovakia.)

Ukraine have good electricity cost. Around 0.10$ per kwh is a good price.
I managed to get a large corporate center for 0.09$ per kwh.

 

[Richard Batsbak]

In my country (Germany) electricity costs around 0.25$ per kwh which is far to expensive. So yeah this and the high costs of such an miner.

 

[Shyam007]

And if not, what stops you? Maybe it looks suspicious and unreliable for you? For being too expensive? Maybe it's too hard? Please let me know your thoughts!

Common sense.