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GPU Minning with no electric bill to pay?

Discussion in 'CryptoCurrency' started by BackY, Apr 6, 2017.

  1. BackY

    BackY Senior Member

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    Hey guys,

    My electric bill is very low, I also use solar and barely pay anything about electricity. So what do you think? Should I invest around big in GPU Minning? Maybe from 2k up to 5-6k?
     
  2. jjhost12

    jjhost12 Jr. VIP Jr. VIP

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    Uh no. You'll have an electric bill if you get into GPU mining. If you don't mind the bill then sure why not? Monero and litecoin mining is still a thing....
     
  3. Xr0x

    Xr0x Jr. VIP Jr. VIP

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    Better grow cannabis with 1000W lamp than minning GPU
     
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  4. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    If you have free energy, you have free cryptos.

    Crypto mining is transforming electricity into coins and lots of heat, basically.
     
  5. BackY

    BackY Senior Member

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    Don't worry about it guys, im a HALF-electrician, I've discused this with my friends aswell, I only pay the tax when the bill comes, and I have a lot unused. So what do you suggest?

    I hear Ethereum is the one right now...

    Is that the same as minning ethereum or something else? (ill google right now, but im not sure I've ever heard of that). Do they pay more than minning ethereum (the best gpu minning right now I believe).
     
  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Each coin is a different crypto hash. There was a site that listed them all and said which one is what and also if it's worth mining given your electricity cost. I forget the name but should be easy to google.

    I know litecoin and dogecoin are bcrypt and they could still be mined via GPU till a while ago, about 2 or 3 years (not any more). Bitcoin is sha which is different and faster.
     
  7. pantherblack

    pantherblack Newbie

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    how much could you make/day with GPU mining?
     
  8. BackY

    BackY Senior Member

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    Depending on how good your gpu's are (their MH/s is key to your earning. 1mh/s gives you around 2.1$ per month. My GTX980 produces around 25mh/s... but ATI(radeon) gpus are cheaper and can produce the same, cause my gpu is for gaming mainly, but there are alternatives which give you more mh/s and are half the price.