Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: MrGrimmer on December 24, 2017, 01:01:38 PM



Title: New miner in need of advice/help :)
Post by: MrGrimmer on December 24, 2017, 01:01:38 PM
Hey. I'm decently new to mining (been mining for a little over a month now) and I've really taken a liking to it. I was wondering where I could read up more on mining and if it would be worth building a mining rig using 6x 1050 TIs atm or if it isn't worth it anymore? (To mine ETH, ZEC and XMR)

I've heard it isn't worth it because of how the difficulty increases in mining, that it wouldn't really "pay itself off", and I've also heard that it would pay itself off and I could easily sell the cards in the case that it would not be profittable mining anymore.

I'd really appreciate more opinions on the subject if anyone can shed some light on the topic for me, or share a reliable source with me so that I could read up on the topic.

Also, if someone could help refer me to a guide on building a mining rig, so I could educate myself on the parts I would need and learn how to effectively build one, it would be greatly appreciated!


Title: Re: New miner in need of advice/help :)
Post by: xxcsu on December 24, 2017, 01:34:58 PM
...it would be worth building a mining rig using 6x 1050 TIs atm or if it isn't worth it anymore? (To mine ETH, ZEC and XMR)

I've heard it isn't worth it because of how the difficulty increases in mining, that it wouldn't really "pay itself off", and I've also heard that it would pay itself off and I could easily sell the cards in the case that it would not be profittable mining anymore.

Worth it  , not worth it , profitable , not profitable , , return of your investment... there is a easy answer for your question from another topic (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)  :

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  ;D


Title: Re: New miner in need of advice/help :)
Post by: flip4flop on December 24, 2017, 02:04:22 PM
There are a bunch of great posts on here for mining resources.  I wrote an into to mining guide as well that may help along with some rig building guides depending on your budget.  Please let me know if you have any questions.


Intro to Mining
https://theminerhub.com/mining/newbie-guide-building-6-card-crypto-currency-mining-rig-part-1-decision-time/ (https://theminerhub.com/mining/newbie-guide-building-6-card-crypto-currency-mining-rig-part-1-decision-time/)

Rig building guides  

NVIDIA Builds https://theminerhub.com/mining/building-a-mining-rig-part-2-hardware/
 (https://theminerhub.com/mining/building-a-mining-rig-part-2-hardware/) AMD Builds https://theminerhub.com/mining/newbie-guide-part-3-amd-edition/ (https://theminerhub.com/mining/newbie-guide-part-3-amd-edition/)


Title: Re: New miner in need of advice/help :)
Post by: MrGrimmer on December 24, 2017, 02:46:07 PM
...it would be worth building a mining rig using 6x 1050 TIs atm or if it isn't worth it anymore? (To mine ETH, ZEC and XMR)

I've heard it isn't worth it because of how the difficulty increases in mining, that it wouldn't really "pay itself off", and I've also heard that it would pay itself off and I could easily sell the cards in the case that it would not be profittable mining anymore.

Worth it  , not worth it , profitable , not profitable , , return of your investment... there is a easy answer for your question from another topic (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)  :

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  ;D

My question is more on the lines of if it is worth buying the 1050 TIs right now, or waiting for a future release as I don't know when the difficulty will increase and such.  I definitely do believe there is profit to be made, I'm just not quite sure what I should be doing, whether I should be waiting right now or getting started.


Title: Re: New miner in need of advice/help :)
Post by: xxcsu on December 24, 2017, 05:50:44 PM
My question is more on the lines of if it is worth buying the 1050 TIs right now, or waiting for a future release as I don't know when the difficulty will increase and such.  I definitely do believe there is profit to be made, I'm just not quite sure what I should be doing, whether I should be waiting right now or getting started.

exactly that is why the above answer is the best for you !
NO ONE CAN TELL YOU FOR SURE !!!


Title: Re: New miner in need of advice/help :)
Post by: gotminer on December 24, 2017, 07:21:17 PM
...it would be worth building a mining rig using 6x 1050 TIs atm or if it isn't worth it anymore? (To mine ETH, ZEC and XMR)

I've heard it isn't worth it because of how the difficulty increases in mining, that it wouldn't really "pay itself off", and I've also heard that it would pay itself off and I could easily sell the cards in the case that it would not be profittable mining anymore.

Worth it  , not worth it , profitable , not profitable , , return of your investment... there is a easy answer for your question from another topic (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)  :

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  ;D

My question is more on the lines of if it is worth buying the 1050 TIs right now, or waiting for a future release as I don't know when the difficulty will increase and such.  I definitely do believe there is profit to be made, I'm just not quite sure what I should be doing, whether I should be waiting right now or getting started.

If I were building new rigs at the moment (which I am), I wouldn't be buying 1050ti's for them.  What do you mean waiting for future releases?  There are newer cards out there already.