All in all I run about 20 masternodes for ~15 various altcoins.Bought/mined them all at the very start when returns were max (and ROI min.), months later they still give about 75-200% per annum.
How do you run multiple MN for the same coin? |
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I have Crown systemnode, Chaincoin and Monoeci masternode.
Could be good time to buy masternodes now.
I really like Monoeci. Very nice project with serious and active developers.
Monoeci is a bargain at current price.
I would say the same about Crown and Chaincoin too, but Monoeci is my favourite.
The coins for collateral must stay in the wallet in order to get rewards from the masternode.
But you can run a remote node so you don't need the wallet with collateral to be online to run the masternode.
Thanks for the info and clarification @ronnylov. Will check the coins you mentioned. I also think its good time to buy some MN. So to give info back, the profitable I found that also have a setup guide: - Galactrum - NYXCoin - Polis - Pirl (very expensive) - ApollonCoin - MagnetWork - SagaCoin - ZacaCoin Did not check the background yet. May be all shitcoins. But they are all quite profitable atm and have a guide to setup the MN. Guide is important IMO because without it you can fail at setting the MN. |
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Another question for those with experience. Can you sell the coins used as colateral after the masternode is confirmed? Or do you have to keep them in the wallet?
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Then just wait for the price to drop and grab yourself a nice and cheap MN. Since the initial drop and after people start buying the coins and the price goes a bit up, it should be stable. At least those are my observations so far, make your own researches.
Otherwise - I am running a PROTON MN and also thinking of getting myself a QBIC MN also.
Same here, just setup a Proton MN over the weekend, now I will wait a few days to see how it runs and then I am thinking about QBIC also and few others. But trading for Proton on Graviex....blah, just pure torture  But I guess the problem is low trade volume, not the Graviex itself. Btw a question for those who have more MN. How do you setup multiple MN for the same coin? Server part is easy, you can just buy multiple VPS. But for the cold wallet part I don't know, because its on the computer. Do you have to use the hot wallet or can it be done with cold wallet on a single computer? I could use multiple user accounts but thats quite unfriendly. |
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yeah..I make significantly more WITH AMD cards mining "shitcoins" using neoscrypt and lyra2rev2. 4x 580's make me ~8$ a day on average, a little under 9$ a day if dual mining. I am doing 13-14$ a day mining other stuff an exchanging it myself.
Reading this claims daily. They all claim that, but I have not seen a single person backing up their claims with real evidence. I do test on new and different coins daily and let me tell you I have not found a coin that has better earnings per day then ETH for RX amd cards. So please do tell which coins you talk about that give you 8$ in 4x RX 580. I am dying to know |
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I'm mostly mining EXPanse because it mines fast and its easier to hit payment threshold on most pools unlike ETH Also, today EXP was more profitable, too Do you like expanse as a project or do you just think that it will pump harder than any of the other potential candidates to mine? Well, seeing how its both low value and low cap, yet pretty good at developing stuff, I hope they'll skyrocket sooner or later. But their PR has a lot to be desired (for example, almost noone knows they're both POW and POS coin), I guess we'll see next few months Seems I'm not the only one https://twitter.com/needacoin/status/969329368031023104Does anyone know how staking works in Expanse? Could not find anything on it. |
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So ETH is pretty much the most profitable coin to mine most of the time. So why not just always mine ETH and if you don't really like ETH sell it to buy whatever coin you do want even if you could mine it from the get go? What strategies do you guys employ when mining as far as what you do with what you mine and how you decide on what to mine. Im talking specifically GPU's here.
The only reason to mine anything else with RX AMD cards is to find very new coins which are not on any marketplace yet and have low difficulty. Mine them, stock up and wait for them to get listed then dump them for ETH. Its pure speculative mining ofc, but it can yield quite nice profits. |
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So you think you'll be able to at least recoup a portion of your cost before the fork?
I think I have lot of time with ETN  My friend is really excited to play with it, hope he can OC it a lot If it's true FPGA it should be no problem to update, there are no big changes, Baikal would fix all these trust issues with firmware update also. 1. I doubt its FPGA. No comfirmed sources yet, all just rumors 2. Monero will fork twice a year. I doubt Baikal is willing to keep upgrading that often. 3. Even if it does, Monero devs hate ASICS with a passion. I am 100% sure if Baikal tries to update the devices regulary they will take more drastic measures. For instance something like x16r algo. The bottom line is if the coin devs wan't to fuck up ASICs they can and manufacturers can't do anything about it. Thats why I am sticking to GPU mining. I can always mine something no matter what and I can addapt to any situation. Lesser gains but way lesser riscs. |
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Baikal N for 1590usd in stock. Is it still a bad price?
Check out this site for profitability, but if I were you I'd do my research on reddit, twitter, and on other forums. Make sure you know what you're getting into, but with the fork you might as well be throwing away cash for an over priced brick tbh.... https://www.asicminervalue.com/The fork is a complicated event. The questions are: 1) when will the form happen FOR REAL? 2) how many coins, after monero will fork? 3) How many coins will not? These 3 crytical variables are the ones that should be taken in consideration when buying the Giant N or the Halogen x1/x2. They could be and remain money machines or be just not so good looking doorstoppers. Anyone has an answer to my previous 3 questions? 1. http://xmr.noctism.com/ (countdown...7 days) 2. The others will follow very shortly, they just need to merge the changes into their codebase 3. Very few. Not worth mentioning. 95% or more of Cryptonight network is forking real soon. |
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There are a couple of scenarios where mining is still worth it.
1. You have the hardware lying around doing nothing and all you need to do is buy GPUs. Even that is going to be hard cause ROI on just GPU is close to 1 year now.
2. Electricity for you is either free or close to really really cheap. I am talking 0.07 kWh or less. In that case no matter what happens to the market you will still be there mining and getting something back.
3. You love tinkering with hardware/software and are techy. Passion beats everything, and if that is the case ROI or anything else does not really matter.
Biggest problem is that ROI right now for a new rig is around 12 months whatever you mine. 12 months in crypto is an eternity and no one knows what will happen. We might get some good months but most people say that only worse times are coming from now on. Difficulty will keep increasing and new players in the crypto to bring new cash in will be less and less.
I can check 2 and 3. Electricity is 0.06 KWh here on everage. I hope you are wrong about the hard times though at least in the long run. There is actually tons of money out there waiting to enter Crypto. The number of people using it is actually really small. The way I see it the biggest barrier is the high learning curve and to user unfriendly for non-tech people. I have a lot of older people asking me about crypto. They would enter the market but they have no knowledge how to do it. If Crypto wants to really gain momentum it should most of all simplify usage. I mean copy/pasting hexa wallet addresses around with a chanche to make a mistake, cmon that like stone age. |
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Right not its possible the worst time in crypto history to get into mining. Difficulty is all time high. Equipment is also at all time high prices and all time low supply. At the moment im selling my used 1070 for more than i bought them new 1 year ago.. its insane.
I agree, GPUs have insane prices right now. Buying them new is simply out of the question. Even used have insane prices, you need to be really patient to get some decend deals. But I don't agree on dificulty. If dificulty on some coins is to high mine those that have low difficulty. For instance if ETH is problematic (which is not) there are many other ethash coins. Then you have Cryptonight, Equihash, Neoscrypt etc... There are so many coins to mine, some more profitable then otheres, but most are profitable (even if some just barely). |
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Hello,
I’ve invested in a rx480, and I also got a HD7970.
What I’m understanding is that you can’t crossfire these gpu’s,
But you can combine them with some multi GPU program?
Can’t figure this out
If you want to mine with them just connect them to a PCI express slots on the motherboard. You can use the 1x PCI express slots with the help of risers. Example of how to do it: http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/ |
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before you invest $1 you might want to do some more research. start slow, don't throw $3k at something you know literally nothing about. maybe buy a cheaper GPU and see if you can build a rig and get it mining. If you can, then maybe invest more.
Sound advice. Thats what I did. I was not prepared to throw money into something I knew little about. So first I build 1 rig with two cheap AMD R9 380 cards so I could learn about it. Now I have 2 rigs with currently 8 cards between them and space for 2 more. I still have those 380 cards (they still earn money after all) but I added some RX 470 and RX 580. All cards are used cards bought on ebay and localy second hand. Right now in my opinion this is the best way to start as new cards are just to expensive. I currently can do 220 MH/s on ethash or 7200 H/s on Cryptonight which is not bad at all. For now that is enough, I may fill that 2 spots I have left if I find cheap enough cards, but then that is it for some time. I will asses the profitability and see how it unfolds. I have no doubts I will at least pay off the investment sooner or later. But if it will pay off I am willing to enlarge the farm further. |
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People are scared cause they don't know where and when this down trend will get over. Many people have invested money they cant afford to lose and thats causing a panic in them. This is the first down cycle for many people and they aren't familiar with the volatility of the crypto markets.
First rule of Crypto in my opinion. Do not invest money you cannot afford to lose!!! I went into mining a month ago. Some would say its stupid. But: 1. I like it, its a hobby for me not only profits 2. Its still profitable, no matter what others say only less that it was 3. I am patient, no need for 6 month ROI. 12-16 months is ok for me. 4. I can afford to lose money I invested. I did not build a huge farm afterall, just two rigs with used cards bought at reasonable prices 5. The market will recover, I 100% beleive that. |
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ASIC manufacturers going to destroy the rest of GPU-mineable major altcoins. R.I.P. gpu profitable mining
Not going to happen anytime soon. The commulative crypto hasrate is to big and getting only bigger for ASICs to have such a huge impact overall. And there are many many coins, new coming out daily. GPU mining is fine and it will be fine. The current lower earnings are not from ASICS but from market drop. The ethash and equihash have stable incomes for a very very long time. So does Neoscrypt and some others. So don't get paranoid. Mark my words, GPU mining is here to stay and will keep being profitable for the foreseabale future. The only way that ASICs would kill GPU mining would be if they flooded the market in huge numbers. Due to expensive units and limited suply of them this is simply not going to happen. |
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Well since all 3 of these manufacturers all of a sudden announced their miners it only means one thing.
They have been mining with them like crazy and now it seems like it's more profitable to sell than continue to mine.
Most likely due to the upcoming hard form.
Yes, 3 companies getting out gear for the same algorithm at the same time is not a coincidence. They have been mining for the past N months and now they are dumping them for extra profit. Just because of that I will never, ever buy anything from them. One gets to wonder how many other coins are being ASIC mined and we don't know about it. i bet my life eth / zcash are two of them Would not surprise me in the least. But ethash has so huge network hasrate and the algo is specific, so all in all its not a big deal, unless there would be really huge number of ASICS working on it. Ethash profitability is still very good even with the low prices on the market. Unless you have really high electricity costs. |
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Ofc its still profitable, just less then it was. A lot of people have unrealistic gready view on mining. Its not an instant get rich deal. But if you are methodical about it do your research and are in for the long term it sure is profitable.
For instance if you are mining now, do not sell anything you mine. Save it and sell when the prices are high. That way you basically mine at high profitability you just get paid by delay. Or you can mine new promising coins that still have low difficulty.
Lots of options you just need to put some research into it.
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Well since all 3 of these manufacturers all of a sudden announced their miners it only means one thing.
They have been mining with them like crazy and now it seems like it's more profitable to sell than continue to mine.
Most likely due to the upcoming hard form.
Yes, 3 companies getting out gear for the same algorithm at the same time is not a coincidence. They have been mining for the past N months and now they are dumping them for extra profit. Just because of that I will never, ever buy anything from them. One gets to wonder how many other coins are being ASIC mined and we don't know about it. |
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Thanks to all the people who responded. A lot of usefull feedback and information was given, I appreciate it. As lucrative as the used 290x was I decided not to buy them simply because they are all old and I could risk to much in terms of failure. Also the power factor cannot be thrown away, even if electricity is cheap here. So I will probably do one of two options: 1. Buy some RX 580. I have these marked as good deals atm: https://www.whinkel.be/sapphire-nitro-radeon-rx-580-8gb and https://www.whinkel.be/sapphire-nitro-radeon-rx-580-8gd5-special-editionThats the cheapest new cards I could get in EU. Newegg and similar would be great, but then I have to pay customs which is a whooping 20% VAT. So no way. Did anyone buy at this shop? Any credibility? 2. I will simply wait as the crypto prices keep droping and the market should correct itself with the GPU prices. But its not a given. Anyway I am in for the long run. I also find it fun to do mining and I took it as a hobby with long term investments. So 12 months ROI is not a problem for me, neither is holding the mined coins untils the prices rise. I still think the GPU mining is going nowhere and there are and will be plently of coins to mine, no matter the market and ASIC situation. That whinkel.be looks like a scam. And given the current market prices of GPUs its probably best to wait until either pricess fall or new cards come to market to update the situation. |
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Thanks to all the people who responded. A lot of usefull feedback and information was given, I appreciate it. As lucrative as the used 290x was I decided not to buy them simply because they are all old and I could risk to much in terms of failure. Also the power factor cannot be thrown away, even if electricity is cheap here. So I will probably do one of two options: 1. Buy some RX 580. I have these marked as good deals atm: https://www.whinkel.be/sapphire-nitro-radeon-rx-580-8gb and https://www.whinkel.be/sapphire-nitro-radeon-rx-580-8gd5-special-editionThats the cheapest new cards I could get in EU. Newegg and similar would be great, but then I have to pay customs which is a whooping 20% VAT. So no way. Did anyone buy at this shop? Any credibility? 2. I will simply wait as the crypto prices keep droping and the market should correct itself with the GPU prices. But its not a given. Anyway I am in for the long run. I also find it fun to do mining and I took it as a hobby with long term investments. So 12 months ROI is not a problem for me, neither is holding the mined coins untils the prices rise. I still think the GPU mining is going nowhere and there are and will be plently of coins to mine, no matter the market and ASIC situation. |
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