I stopped using localbtc since I am going from mining with a single card to mining with 10 rigs, so that all these selling and receiving money from unknown Individuals in my account activity might trigger some unnecessary doubts in my bank peoples mind (or It may be just me being paranoid). In Unocoin's case it is a registered and legit company, so there isnt much to worry about.
May be that might create some issues,because if the money you are receiving is tainted then you might get into trouble,you can never know what kind of people you are dealing with,the chances of that are really low,but it is better to avoid that risk because a user named Pankaj Bhardwaj claims that he got into trouble because of that and the police linked him with some illegal activities because of the funds he was receiving and he never had any idea,so i would advice to deal with legal exchanges.
Well why not try here on forum where you can buy/sell btc as probably you will get much better rates than what you sell on Unocoin. SO how profitable is mining and from when you are mining and what is your total expenses per month?
I am starting this July 1st week, as I am waiting for the new mining cards to come from NVIDIA. With my single card, mining for nicehash I am making an avg. 30-32 $ per week. This may be because I am dual-mining Eth + Pascal and also running cryptonight on my CPU (4770k). So, now I am planning (if the new cards come around 15 to 20k INR), to build around 6-10 rigs with anywhere between 40 to 60 gpus (depending on price) because my budget for the build is around 12.5 Lakhs. I ve made a list of my build based on AMD A-series processor, FM2 motherboard which supports upto 5 gpu, DDR3 RAM, Riser etc..etc..and everything does fit inside the 12.5 L Budget. As for the profitability, I am not expecting any miracles since ethereum difficulty is already rising exponentially, but still I am optimistic and hoping to hit ROI within a year or year and half. As for monthly expenses, I get electricity for about 4.5 rs/ kwh when I register as an SSI unit (IT Industry). So, that is very convenient. Since, this is going to be my full time business and I am kind of paranoid about what user (Marma Kalari) said, I would only be dealing with Unocoin or coinsecure and the like to avoid any 'Snag' on my way, since that ll be the last thing I would want to happen. |
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Boarding the greedy train. This happend to me a lot of times, I think I ll cash out after few more rounds and end up losing all ..
That happened to me too, before i know about the management of money and risk losing money on gambling, the big problem when played gambling is losing control my self, i forget about the rules of gambling before play it, feel greed and curious had took control my mind, that is worst mistake in gambling on my experience couples years ago. Yeah man, true.. I just quit totally because I almost spent half a bitcoin on these sites. Looking at it now with respect to USD doesn't make much value to many, but may be 10 years later, who knows man..It may be a story like 10 million dollar pizza. |
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I recommend Unocoin, since I use it regularly. you can try localbitcoin also.
Unocoin rates are generally always higher not sure why so inspite of getting funding and having good volume they should try to provide at better rates than other in India. Also their fees are the highest of 1.15 % on both sides of buy as well as sell due to which its more expensive. Maybe you are right, I haven't tried coinsecure or zebpay..simply because coinsecure did not process my KYC for 9 months and about zebpay, I am more of a pc user and not so much into phone so I was comfortable with unocoin, and I should say I never had any issues with them. I am more of a seller since I mine and just sell the BTC at the highest price, so all I look for is to sell my BTC. I stopped using localbtc since I am going from mining with a single card to mining with 10 rigs, so that all these selling and receiving money from unknown Individuals in my account activity might trigger some unnecessary doubts in my bank peoples mind (or It may be just me being paranoid). In Unocoin's case it is a registered and legit company, so there isnt much to worry about. |
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I recommend Unocoin, since I use it regularly. you can try localbitcoin also.
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Boarding the greedy train. This happend to me a lot of times, I think I ll cash out after few more rounds and end up losing all ..
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Great move..this ll clear the air of any unnecessary doubts and all that stuff.. If ordinary people like us starts to get involved and build a community, then I guess that will be a solid foundation for BTC in India.
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yes, please update on how it performs.. I m about to make a purchase if these cards are able to perform as they promise.
It would be great if you can post some test results.
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YES  www.ekarshe.comI write about meditation and spirituality based on Hinduism. |
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I want to, but i see the marketplace section and endup buying stuff..or gamble |
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looks like all the allegations I made against these cards are false, just got a call from my supplier asking me if I want to cut a deal with him for Inno3D variant of mining gpus. I ll be buying a lot of them. He said price is close to normal 1060 but hash rate is more. around 30-35 in ethash.  35 MH? are you seirous that si very good, if true, but other are saying that is equal to a normal 1060, but without display port make it useless for reselling to gamers, so i don't like that This is information from my supplier, and I will confirm this once I get the cards. Well, I think it might go 30 atleast or 30+ since it is dedicated for mining. They say the stocks are coming in 4 days. Lets see, I will confirm the price tomorrow. 30 out of a 1060 6GB varient wouldn't be a big stretch, upgraded memory timings in the BIOS plus some OC on the memory could account for that. 35 - that's a bit of a stretch. I'd have to see that to believe it. On the other hand, even at 30 and if it's lower than "standard 1060 6GB MSRP" it's going to get some attention, especially with the extreme shortage on other good ETH mining cards and their inflated pricing. ' It's scary when I saw a 1070 (MSI gaming, NOT a water-cooled model) at the SAME price as their lowest-cost 1080 ti (not 1080, 1080 ti that was NOT a typo). I do grant it was the HIGHEST priced 1070 on Newegg at the time - but STILL crazy. Looks like 1060s are starting to get hit by the "nothing else to buy, grab these" shortages and price-climb too. It's debateable if Alibaba has more scams than eBay - but they both have issues with scammers. It is true that prices are going crazy, I am watching them from may 2nd week and I see them rise exponentially. I have no much options but to buy these mining cards or I ll have to cut down on number of cards, like I only get half the numbers if I go for 1070s , which will only give me the half the hashrate or even less...which is sad. I am taking my chances here..They asked for full advance payment and only sells in big quantities, I guess. Lets see.. with eth difficulty going up and all that, this seems to be the best option. I am hoping 30 mh/s on ethash atleast.. with 90 days warranty..its actually a gamble. |
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looks like all the allegations I made against these cards are false, just got a call from my supplier asking me if I want to cut a deal with him for Inno3D variant of mining gpus. I ll be buying a lot of them. He said price is close to normal 1060 but hash rate is more. around 30-35 in ethash. 35 MH? are you seirous that si very good, if true, but other are saying that is equal to a normal 1060, but without display port make it useless for reselling to gamers, so i don't like that This is information from my supplier, and I will confirm this once I get the cards. Well, I think it might go 30 atleast or 30+ since it is dedicated for mining. They say the stocks are coming in 4 days. Lets see, I will confirm the price tomorrow. |
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looks like all the allegations I made against these cards are false, just got a call from my supplier asking me if I want to cut a deal with him for Inno3D variant of mining gpus. I ll be buying a lot of them. He said price is close to normal 1060 but hash rate is more. around 30-35 in ethash.
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