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Title: Hello everyone! Got a question; how do I start making profit from mining? Post by: Electrolytez on December 21, 2013, 04:05:15 AM How is everyone paying there electricity bill? Unless your getting free electricity or cheap, I don't see how anyone can make any profit from just mining. I was planning to mine some coins and see how it goes.
Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: dogecoinenewb on December 21, 2013, 04:11:38 AM I'd think everyone just think of it as an investment right now. If dogecoin ever make 1/100 of what bitcoin is today, then it'd be worthwhile.
Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: GarbageName on December 21, 2013, 04:28:23 AM There are coins you can make a profit from.
http://www.coinwarz.com/cryptocurrency (http://www.coinwarz.com/cryptocurrency) Say you pick worldcoin. Then with a AMD Radeon HD 7950 at 650 KH/s you'd be making $12.62 a day. The electricity costs at $.1 KW/h are $1.06 cents a day (assuming a pull 440 watts). Meaning you are still making $11.56 a day. That is profit. --GarbageName Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: Electrolytez on December 21, 2013, 05:09:48 AM There are coins you can make a profit from. Wait... how did you get that? I don't really understand how the cost of KW/h works yet haha. I tried going on Coinwarz.com and did there calculator. This is what I put in:http://www.coinwarz.com/cryptocurrency (http://www.coinwarz.com/cryptocurrency) Say you pick worldcoin. Then with a AMD Radeon HD 7950 at 650 KH/s you'd be making $12.62 a day. The electricity costs at $.1 KW/h are $1.06 cents a day (assuming a pull 440 watts). Meaning you are still making $11.56 a day. That is profit. --GarbageName 2500.00 KH/s 1350 Watt 8.00 Power Cost... not too sure what to put in here. Profit by the end of the day is -9.02 Unless Im doing something wrong here. Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: this1dude on December 21, 2013, 05:25:09 AM There are coins you can make a profit from. http://www.coinwarz.com/cryptocurrency (http://www.coinwarz.com/cryptocurrency) Say you pick worldcoin. Then with a AMD Radeon HD 7950 at 650 KH/s you'd be making $12.62 a day. The electricity costs at $.1 KW/h are $1.06 cents a day (assuming a pull 440 watts). Meaning you are still making $11.56 a day. That is profit. --GarbageName WDC -- fresh new pool, hot off the press :) launched a few hours ago, needs your hashes! http://wdc.bettercoin.org Thanks! Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: Electrolytez on December 21, 2013, 05:41:23 AM Well I feel really stupid. I put 8 dollars instead of 8 cents... haha >.>
Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: koshgel on December 21, 2013, 06:44:00 AM free electricity baby ;D ;D
Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: Skoupi on December 21, 2013, 06:50:08 AM How is everyone paying there electricity bill? Unless your getting free electricity or cheap, I don't see how anyone can make any profit from just mining. I was planning to mine some coins and see how it goes. Don't forget that litecoin for example was at $40 not long ago. Even at $20 is more than enough to cover electricity costs although the margin for profit is lower. Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: jimcoins on December 21, 2013, 08:53:19 AM The most important thing is to balance investment costs, performance metrics, and to work within PROVEN variables. This means that you really should start small and join strong pools. You need to be sure that you can get your miners working at peak performance, and that the pools you use are paying out as close to the estimations from sites like CoinWarz. You need a measure of how much you are actually making and then move from there based on the results.
Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: ihopeigetrichpls on December 23, 2013, 07:57:45 AM wouldn't trust bettercoin
abandoned their doge site switched over to earth and they never paid out doge Title: Re: Hello everyone! Got a question; how do I start making profit from mining? Post by: Mikebrisboy on December 23, 2013, 09:27:41 AM While you're at it, I would also recommend following the most popular coins and their market caps at coinmarketcap.com.
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