does anyone here still mine? is it even worth investing in a small mining rig and mining eth or btc on the hopes that the price will continue to increase even if i'm not making much daily because of power costs or if it a stupid thing to do now that mining rigs/GPUs/gaming computers are so expensive?
Does anyone here still mine...
Jonathan Jones
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Landon Reyes
>gpu
I guess only if you have free energy costs, you barely cover the costs of the gpus, and their performances go down after a full year of mining
>asic
Free energy here too, and a room where you can put it because it's noisy as hell
Better if you buy btc directly
Landon Bailey
what about other coins like ethereum? i don't think btc mining is going to be profitable unless it gets to triple it's ATH at some point in the next few years. i mean i was leaning towards not doing this and just DCAing into bitcoin, eth, and link like i've been doing for the past couple years but was curious if anyone on a small scale had any success with it or if its not worth the trouble.
Liam Richardson
There will be a lot of small miners who won‘t be able to afford mining after the halving, look online to buy used gear by then
Anthony Hernandez
>gpu
mining btc with a gpu is nearly impossible, i was talking about eth and similar
A decent gpu rig costs around 2k or more, you buy 10+ eth with it.
Go to whattomine and check how much time it would take to mine 10 eth with your gpu rig
Wyatt Rodriguez
bitcoin is the only coin you know the mining algorithm and distribution schedule
Kayden Parker
>and their performances go down after a full year of mining
isnt this a meme? how is that even possible?
Samuel Reyes
ETH is moving to PoS and will fire the miners over the next months.
Kevin Hernandez
Monero with RandomX is the best thing to mine
Elijah Lee
that's a good point, didn't even think about mining not being possible after ethereum 2.0
Henry Brooks
Take a gpu, make it work 24/7 for an entire year, sometimes a little bit oc'd too, and see what happens.
Isaac Lopez
If they cant afford it how can anyone else whos just a smallholder
Aaron Nelson
nothing happens
Juan Butler
yea, sure
Camden Rodriguez
yes. i make roughly $.20 a day but been doing it wince 2016
Ian Gray
because we would have our desktops turned on all the time anyway
Jeremiah Davis
is it possible to mine ChainLink anons?
Jose Morris
ive sold my miniing rigs and bought btc for cash
Angel Murphy
bullshit, there are coins that give amazing results on gpu.
google it nub
Ryan Thomas
feel free to waste 2k+ to mine some grin
Oliver Barnes
It’s only worth it if you mine new coins that aren’t for sale yet. But it’s like digging for gold, how likely are you to strike rich? Otherwise it’s just worth to buy and hodl. I got investors involved during 2017 and was micromanaging a nuclear plant basically, when I would have made way more gains just gambling on shitcoins that would +300% overnight
Ryder Perez
Digibyte are adding cpu & GPU mining algos. Mine twice on one bit of kit.
Cameron Torres
no
Jayden Green
mining Equihash coins (PirateChain ARR and Komodo KMD) since 2 years and still profitable!
Got a couple of Inno A9 ZMaster and Antminer Z11 hosted at cyberianmine for just $0.07/kWh all incl.!
Aaron Bell
i guess everyone with a mining rig could rent it out for others. like folding at home but for money. and for cracking hashes.
Jeremiah Gray
>70 cards
>less than 1 eth per month
youtube.com
Xavier Peterson
If your argument is that the coins you mine will be worth more in the future even if you mine them at a loss today, just buy the coins now you absolute dipshit. You literally can't get more coins from mining than you can from just buying, if that's the case, and whatever capital you put into the rig is lost.
Nicholas Barnes
no one runs oc gpus, only really smoll time retards, like under 10 gpu people at best.
Most people run thier cards around 70% power and preferably low fan rpm because 1 standing fan from wallmart is cheaper than changing fans on gpus (like 20%-30% of them, all others are fin) every year or two.
That being said my rigs stopped running long ass time ago. I still have some high end gpus and honestly I have no idea what to do with them other than sell it to some virgin autist neets - and they always lowballing with every offer. Still not worse than shitskin offers tough.
Jaxon Young
On every mining guide i read of retards overclocking to get some hash more.
Brandon Parker
Im calling bs on that. Profitable algos disappeared long time ago. You can endlessly browse forums and maybe, just maybe you end up picking something lucky.
John Clark
Does anyone know if miners go bad?
As in burn out after a specific period of time?
I was wondering if buying used miners is a scam
Jose Wilson
yeah, with -30% power some people find that place to min max a lil bit more but in my experience when you have more gpus on a system and one acts funny then that -30% pwr, +50mhz mem, +50mhz core, which in my case with my gpus was a hardcore 4-7% performance increase at best does not worth the sacrifice of stability. My preset was always more than 20% minus power and under 50% fan speed with the principle of keeping the cards under 70c.
That being said if anyone feels like thworing a bone to a retard like me then feel free to do it. I still have some money to invest in btc and some cards to run but no way im gonna turn my rigs on again for that daily 20cent profit.
Aaron Gutierrez
unless your a foundary you don't mine.
As the foundary will always turn on the latest version on, then ship the product when it cant mine anymore.
Liam Sanchez
On whattomine there are some good ones, you've to mine in the hope that the shitcoin you're mining does a 100x.
But still, you can simply buy it without having to manage a mining rig