Any members Mining Cryptocurrency?

[Bazilboom]

Cloud Mining is a big scam don't. go for that ,cpu mining is not profitable anymore in most cases but again if you mine in a third world country if you are lucky to resource some free electricity than offcourse there is a scope Cambodia , Vietnam ,India and Georgia are good bets if you are looking for any source of free electricity I can guide you pm me

 

[GenaroLJenks63]

BTC Mining IS Possible For A Pc

 

[jason212]

Some guys write when I buy an Antminer until it comes home it’s outdated because a newer one is out there?

Can’t I use a previous model for mining?

 

[Deleted member 120847]

I quit in 2014 when my KNC titan was my last hardware, unless you own your own free power source, its long dead.

 

[Salamouna]

Most of those people that say mining is not profitable never tried it.

 

[Plastic Bowl]

Most of those people that say mining is not profitable never tried it.

Exactly. Easiest money of my life lol. Undervolt and overclock the cards. Easy.

 

[Chipicao]

Most of those people that say mining is not profitable never tried it.

I just want to say that after reading 1st page, people that don't even read about mining says that it's not worth it

 

[anglikan]

I just want to say that after reading 1st page, people that don't even read about mining says that it's not worth it

After eth 2.0 shows up, what will you do with your all a10s? Other coins that can be mined with them are crab. And yes im ghosting you af haha

 

[statsers]

Tried mining BTC few times it is all a bunch of crap..

 

[DunderMannen]

My friend does it, he built his rig like year back and mined Ethereum on it profitably. However the earnings significantly decrease over time, so you need to make back your investment within like 3 months I'd say. He's pretty much even now after a year, and that's ONLY because the electricity was free.

He started relying more on altcoins recently, but it's just speculation, could turn worthless, could turn to gold. Just like investing in a coin...

 

[Plastic Bowl]

After eth 2.0 shows up, what will you do with your all a10s? Other coins that can be mined with them are crab. And yes im ghosting you af haha

Not who you quoted, but ETH 2.0 is likely so far away that difficulty will probably make a10s unprofitable first.

Tried mining BTC few times it is all a bunch of crap..

With GPUs you need to mine altcoins like ETH. Only ASICs can mine BTC profitably.

 

[Chipicao]

After eth 2.0 shows up, what will you do with your all a10s? Other coins that can be mined with them are crab. And yes im ghosting you af haha

It's simple math, they are working something around 220 Days by now.
So after some calculation :
Average price of 38$ per day (for 1 miner ) or that will be 8360$ mined from the beginning
Electricity 1.27$ per day or 280$
Setup cables, fans, switch etc.. 400$
Price for miner was 2500$ + shipping 240$ + Customs 330$ = 3070$
Total - 8360 - 3750 = 4610$ profit per miner by now.
I have few offers to sell them for price of around 3500$ now so i will have 8410$ profit per miner...

 

[anglikan]

Not who you quoted, but ETH 2.0 is likely so far away that difficulty will probably make a10s unprofitable first.



With GPUs you need to mine altcoins like ETH. Only ASICs can mine BTC profitably.

The guy I quoted has a big farm with lots of a10s. Just wondering what he is going to do after eth2.0 published. Noone will buy those boys after 2.0 for sure. But im sure he made a lambo money so far with them lol.

 

[Plastic Bowl]

The guy I quoted has a big farm with lots of a10s. Just wondering what he is going to do after eth2.0 published. Noone will buy those boys after 2.0 for sure. But im sure he made a lambo money so far with them lol.

Another good ETHlike coin might emerge between now and ETH 2.0, which seems likely to me. If not, probably just sell for scrap value.

 

[Chipicao]

The guy I quoted has a big farm with lots of a10s. Just wondering what he is going to do after eth2.0 published. Noone will buy those boys after 2.0 for sure. But im sure he made a lambo money so far with them lol.

First rumor for ETH 2.0 was before 3 Years or maybe more, and no one know when that will happen maybe tomorrow or for 2 years, they had some big problems in test period so it's not some overnight process, even when they start using proof of stake miners will be still able to mine ETH because process will take months to transfer on new algo.

 

[Plastic Bowl]

First rumor for ETH 2.0 was before 3 Years or maybe more, and no one know when that will happen maybe tomorrow or for 2 years, they had some big problems in test period so it's not some overnight process, even when they start using proof of stake miners will be still able to mine ETH because process will take months to transfer on new algo.

Yeah it will go to 50% PoS and 50% PoW if they stick to their plan. Before transitioning to fully PoS. If ETH is fully PoS within 2 years I would be super surprised.

 

[anglikan]

Thought about buying 2 acids and start mining but eth release time is unpredictable like you guys said. Will i have enough time to make a profit till that day?
Also thinking about building a gpu rig but graphic cards are in the black market in my country right now. I can not even buy cuz there is no stock anywhere can you imagine that? This really sucks

 

[Plastic Bowl]

Thought about buying 2 acids and start mining but eth release time is unpredictable like you guys said. Will i have enough time to make a profit till that day?
Also thinking about building a gpu rig but graphic cards are in the black market in my country right now. I can not even buy cuz there is no stock anywhere can you imagine that? This really sucks

If you can get an ASIC quickly, go for it. You'll almost certainly make a profit at this point. Sadly the lead time on them is huge and to get one anytime soon you'll pay a huge premium.

 

[jizznow]

not worth it. it's better put the money to buy the coin directly.
this is from my experience trying to mine.
reason:
1. you must mine alt coin to profit ( sometime alt coin become trash . so you need to manage which coin to mine, and when to stop, sell and change)
2. you need to upgrade the rigs, cause technology grow so fast, this what happen to me purchase new device from antminer, but when it reach me there are already newer one
3. you must be ready to maintain it., mean more monthly cost.

Can agree with this, just invest in the coin and safe yourself the hassle + probably more gains as well.

 

[Ennyces]

I've been mining Idena for the past month or two, its a proof of person project, where everyone can hop on. To get into the project you need an invitational code, that is provided by the previous users of the app. You can exchange it to bitcon and earn some money passively. Let me know if you are interested.