Are Cryptocurrencies Available For Mining?
- Thread starter airsocks
- Start date
moonshine7000
Elite Member
- Mar 4, 2013
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That is why graphics cards are so expensive nowadays because of this mining activity.
waterworks
Senior Member
- Sep 28, 2013
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Not profitable for most to due power consumption required. Check out mining calculators to get an idea of costs. It's different for many coins.
https://www.coinwarz.com/calculators
https://www.coinwarz.com/calculators
D
Deleted member 969102
Guest
Yes, it's profitable.
Yes, you can do it from home.
Don't use profitability calculators, they calculate it on the day's price/ difficulty and cannot account for future price changes.
Yes, you can do it from home.
Don't use profitability calculators, they calculate it on the day's price/ difficulty and cannot account for future price changes.
MMM Welding
BANNED
- Dec 8, 2017
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Doesn't seem too profitable at all. I thought miners were making good money doing this?
waterworks
Senior Member
- Sep 28, 2013
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Yah it's profitable, for those with 1000 computers, a big warehouse full of cooling fans, in a country with cheap power rates.
Iron Bat
BANNED
- Dec 8, 2017
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Huge capital in needed for this.Yah it's profitable, for those with 1000 computers, a big warehouse full of cooling fans, in a country with cheap power rates.
moonshine7000
Elite Member
- Mar 4, 2013
- 4,356
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You are not taking into account the cost of electricity to mine.
Iron Bat
BANNED
- Dec 8, 2017
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Its gambling
airsocks
Junior Member
- Nov 23, 2017
- 167
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You mean we can buy it and lose money because their price will fall instead of growing? Has it already happened with some of those coins? I heard that bitcoin is steadily growing.
Iron Bat
BANNED
- Dec 8, 2017
- 94
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Its a bubble which will gonna blast soon.
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
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It will burst and stabalize eventually
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
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It will burst and stabalize eventually
D
Deleted member 969102
Guest
Yes I am. I mine myself and power is only about 20% of the profit (and I have high power cost)
Not to mention that pretty much every mineable coin as at least doubled this year.
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
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There is potential, invest while you can
airsocks
Junior Member
- Nov 23, 2017
- 167
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It looks like a hollow financial system that will burst some time. I mean, what does it depends on?
Vapys
Power Member
- Aug 17, 2016
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A "Sticky" thread about mining is badly needed here on BHW.
Perhaps you could explain the basics including the coins that are mineable, basic machinery/equipment (Newb friendly).
Cost of running etc...
Sorry don't mean to put you on the spot.
.
waterworks
Senior Member
- Sep 28, 2013
- 1,018
- 383
I'm on it.