Do you mine?

CryptoKujira

Power Member

Dec 27, 2018

501

186

• Dec 31, 2018

• #41

Hotaruru said:

Is there any risk in mining? Seems to me like u need only to buy a farm, isn't it?

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In business, there are always risks. Add the fact we're talking about crypto and there is even more risk. So a better question would be, what are the risks?

For mining

1. not making enough money to offset your operating costs (mostly your power bills)
2. coin your mining goes to shit and is worthless
3. getting hacked

Google 'mining calculator' and there are bunch that will help you estimate the costs. Article on lifewire dot com / cryptocoin-mining-for-beginners-2483064 talks about the process.

 

squidkai1

Junior Member

Mar 11, 2012

182

80

• Jan 1, 2019

• #42

Really boils down to if you are able to have a "farm" and the cost of electricity is lower than what the results would be from mining. Find a mining calculator and you can do well with it. One tip is to find a coin that no one is talking about (yet) and start mining it before it reaches mainstream. This is where the money is at.

 

vinylcollector

Newbie

Dec 30, 2018

10

0

• Jan 2, 2019

• #43

I don't mine. I only use crypto currency (especially bitcoin) to get easy and fast payments world wide.

 

CryptoKujira

Power Member

Dec 27, 2018

501

186

• Jan 3, 2019

• #44

Ideal dream setup, move to Iceland. Check out the huge uGenisis mining farm in Iceland where 100% of their energy comes from renewable hydroelectric and geothermal sources.

 

D

DS2

Newbie

Jul 24, 2016

4

2

• Jan 3, 2019

• #45

Entering mining could be profitable especially if you have a long term outlook but the best think you can do for yourself is research Blockchain tech and use critical thinking to think about how it is going to be the biggest revolution that any modern person has ever seen. Look at the reason why Bitcoin was created.

I've been accumulating a lot of Bitcoin, Zcash, Aelf and other cryptos because I think the next 5 years are going to get REALLY fun. Also if you've been waiting to get in because you want it to crash before you buy in then you will be pretty disappointed, the market is already down over 85% from the high. There hasn't been a better time to start getting into cryptocurrencies/blockchain for over a year.

 

helloyes

Junior Member

Jun 4, 2015

143

34

• Jan 4, 2019

• #46

Gpu mining still have some opportunities

 

SandwichMayo

Junior Member

Mar 8, 2017

120

42

• Jan 4, 2019

• #47

Don't think it's worth it anymore. Except you are going for a shitcoin.

 

Seo Licious

Banned - created multiple accounts to scam

Nov 1, 2018

1,572

238

• Jan 4, 2019

• #48

any possible ways to get free Cryptocurrencies?

 

SandwichMayo

Junior Member

Mar 8, 2017

120

42

• Jan 4, 2019

• #49

Seo Licious said:

any possible ways to get free Cryptocurrencies?

Click to expand...

Search for Crypto Airdrop

 

DuellBH

Junior Member

Dec 28, 2018

112

28

• Jan 4, 2019

• #50

I used to mine but it's not profitable anymore since the price drop of cryptocurrencies.

 

Hotaruru

Registered Member

Nov 22, 2018

60

2

• Jan 6, 2019

• #51

Daniel Mark said:

How to mine? can you help me?

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1. there is a lot of guides in the internet about it that explain everything in details
2. mining is dead now, you get more losses than profits

 

Hotaruru

Registered Member

Nov 22, 2018

60

2

• Jan 6, 2019

• #52

SandwichMayo said:

Search for Crypto Airdrop

Click to expand...

U think that if coin price will be high again mining will be back? Seems like mining now requires much more resources than earlier

 

Hotaruru

Registered Member

Nov 22, 2018

60

2

• Jan 6, 2019

• #53

CryptoKujira said:

Ideal dream setup, move to Iceland. Check out the huge uGenisis mining farm in Iceland where 100% of their energy comes from renewable hydroelectric and geothermal sources.

Click to expand...

omg, dont even think that something is existing. Should we call it Miningland instead of Iceland now?

 

ShinigamiGummy

Registered Member

Nov 22, 2018

81

6

• Jan 6, 2019

• #54

DuellBH said:

I used to mine but it's not profitable anymore since the price drop of cryptocurrencies.

Click to expand...

Question now not in coin price. Just look at the video that up in this thread. Such farms are mining killers, and casual user even cant struggle with their effectiveness. Lack of resources.

 

Prensty

Regular Member

Aug 29, 2018

310

41

• Jan 24, 2019
• Thread Starter Thread Starter

• #55

DuellBH said:

I used to mine but it's not profitable anymore since the price drop of cryptocurrencies.

Click to expand...

Agree.
I found that mining isn't profitable in comparison with trading crypto.

 

ShinigamiGummy

Registered Member

Nov 22, 2018

81

6

• Jan 24, 2019

• #56

Prensty said:

Agree.
I found that mining isn't profitable in comparison with trading crypto.

Click to expand...

You're surely right, but what about cloud mining?

 

T

toxicblond

Newbie

Jan 26, 2019

10

1

• Jan 27, 2019

• #57

I mined for a few months. You have to really understand how to get the most out of your hardware. I burned out one of my video cards long before it would have paid for itself.

I only made $300.00. Subtract from that the cost of two video cards and the new motherboard I had to get just to be able to use those cards = not worth it.

 

priem97

Registered Member

Feb 4, 2019

54

8

• Feb 5, 2019

• #58

i dont think its worth it anymore g

 

S

Saketik

Newbie

Feb 3, 2019

18

1

• Feb 6, 2019

• #59

I am trying to do everything. A couple of years ago I was mining but now I do not find that this activity brings the best profits. I participate in Bounties, trade and hold the cryptocurrencies.

 

Dereshi

Junior Member

Dec 30, 2012

113

17

• Feb 21, 2019

• #60

Mining is too expensive for most all countries :/