Bitcoin Forum
June 15, 2024, 10:35:36 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Zcash rig buyer's remorse. Yea/Nay/Meh?
Bought 1 Rig. So OK with it. - 7 (11.5%)
Bought 1 Rig. Not so OK with it. - 2 (3.3%)
I have 1 Rig. So I'm OK with it. - 3 (4.9%)
I have 1 Rig. Not so Ok with it. - 1 (1.6%)
Bought 1 Rig. Unsure for now - 2 (3.3%)
Bought 2-10+  rigs. Ok with it. - 4 (6.6%)
Bought 2-10+ rigs. NOT OK with it. - 2 (3.3%)
Bought 1 Rig. Meh. Unsure. - 3 (4.9%)
Bought 2-10+ rigs. Meh. Unsure. - 0 (0%)
I have 2-10+ rigs. Ok with it. - 25 (41%)
I have 2-10+ rigs. NOT OK with it. - 1 (1.6%)
Did not buy rigs for ZEC. - 9 (14.8%)
Did not move rigs for ZEC. - 0 (0%)
Not applicable. No GPU rigs. - 0 (0%)
No dog in this fight. No Opinion. - 2 (3.3%)
Total Voters: 61

Pages: « 1 2 [3]  All
  Print  
Author Topic: Poll: Zcash. Buyer's Remorse. (Perhaps I should not have got 2 rigs) lol :)  (Read 3426 times)
NeuroticFish
Legendary
*
Offline Offline

Activity: 3710
Merit: 6420


Looking for campaign manager? Contact icopress!


View Profile
November 17, 2016, 07:46:21 AM
 #41

OK on 1 GPU rig maybe. On 2 GPU rigs...er me thinks that was a step to far.

You worry too much. GPU mining didn't die off with Zcash. You just have to adapt.
It may not be as profitable as you first thought, but you'll get your ROI and profit too, just you need more patience.

Find another coin.
It's clear that the hype blinded you. How could you have thought that a coin so easy to mine will worth that much for long?
But, as somebody else said: at least you didn't buy Zcash Cheesy . Your loss is not a loss, just an investment that can be recovered.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
Searing (OP)
Copper Member
Legendary
*
Offline Offline

Activity: 2898
Merit: 1464


Clueless!


View Profile
November 17, 2016, 09:49:35 AM
 #42

OK on 1 GPU rig maybe. On 2 GPU rigs...er me thinks that was a step to far.

You worry too much. GPU mining didn't die off with Zcash. You just have to adapt.
It may not be as profitable as you first thought, but you'll get your ROI and profit too, just you need more patience.

Find another coin.
It's clear that the hype blinded you. How could you have thought that a coin so easy to mine will worth that much for long?
But, as somebody else said: at least you didn't buy Zcash Cheesy . Your loss is not a loss, just an investment that can be recovered.

Well my bet is still the 'zcash' has 'legs' so to speak ..it will dump down to a level of say ETH and LTC eventually when there are enough coins (or below)

if at that point you decide to still mine it and hold that is your bet...if you decide to mine ETH or another coin that also is your bet

right now I'm shocked that at the slow start at 1/2 the block reward it is still around 95 bucks and has kinda gone sideways the last 3 days or so

so still kinda wondering where the bottom is on this coin

The main 'hope' I guess is if/when ETH goes POS coin..folk will come to this coin after the fact if not before

(still better then an asic at least I will have stuff I can sell and make a couple rigs out of it for my home use)...supposedly no 'doorstop' issues like asic equipment

but yeah...one rig would have been OK I guess in hindsight to play with and toy around with...er 2 rigs probably (er really) was overkill I guess


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
fr4nkthetank
Legendary
*
Offline Offline

Activity: 2294
Merit: 1182


Now the money is free, and so the people will be


View Profile
November 17, 2016, 02:00:26 PM
 #43

GPU mining is all good.  Even if diff of the coin goes up 2x, and btc price goes down 2x, you are still making profit.  (considering a good electricity rate).  Plus you have the used value of the hardware.  Calculate 3-4 months, maybe up to 6 if you are really unlucky and the rigs are paid off. 
AmDD
Legendary
*
Offline Offline

Activity: 1027
Merit: 1005



View Profile
November 17, 2016, 02:47:05 PM
 #44

As far as the OP, I didnt build rigs for zcash. I did, however, build a little farm for Ether (a bit later into the hype than I should have but so be it). I mined Ether for awhile and then switched to zcash on day 1 and have been mostly there ever since. I do keep up with price and such and will switch back once the profitability dies. SOme pictures and specs here: http://forum.feathercoin.com/topic/8678/new-farm-setup/

If you build a rig for Ethereum, then it will be useless for Ethereum within a year as it will be PoS by that time.

the hashrate and money will likely move to somethign else, like etheruem classic or zclassic or whatever any new thign will come out

the profit in those coins can not simply disappear it will re-arrange itself to a new beginning

i still remember when many were saying some months ago that after ethereum the mining scene would have been dead, look now you have other good options...

Bingo.

Two of the rigs I have were built originally to mine LTC back in 2013 or so? They ROI'd and then were switched to Feathercoin and then to a multipool for awhile. At some point GPU mining dried up and I turned them off for about a year. I eventually powered them back up mining feathercoin again and then Ether and now Zcash.

Its not as simple as mining BTC on an ASIC, set it and forget it, but if you dedicate time and effort into it then GPU mining can be profitable from time to time. Not everyone has the time to invest though.

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
Jitmad
Newbie
*
Offline Offline

Activity: 59
Merit: 0


View Profile
December 05, 2016, 09:53:39 AM
 #45

As far as the OP, I didnt build rigs for zcash. I did, however, build a little farm for Ether (a bit later into the hype than I should have but so be it). I mined Ether for awhile and then switched to zcash on day 1 and have been mostly there ever since. I do keep up with price and such and will switch back once the profitability dies. SOme pictures and specs here: http://forum.feathercoin.com/topic/8678/new-farm-setup/

If you build a rig for Ethereum, then it will be useless for Ethereum within a year as it will be PoS by that time.

the hashrate and money will likely move to somethign else, like etheruem classic or zclassic or whatever any new thign will come out

the profit in those coins can not simply disappear it will re-arrange itself to a new beginning

i still remember when many were saying some months ago that after ethereum the mining scene would have been dead, look now you have other good options...

Bingo.

Two of the rigs I have were built originally to mine LTC back in 2013 or so? They ROI'd and then were switched to Feathercoin and then to a multipool for awhile. At some point GPU mining dried up and I turned them off for about a year. I eventually powered them back up mining feathercoin again and then Ether and now Zcash.

Its not as simple as mining BTC on an ASIC, set it and forget it, but if you dedicate time and effort into it then GPU mining can be profitable from time to time. Not everyone has the time to invest though.

I think the cards you bought in 2013, such as the AMD 7950 or 7970 are still making you money on the ZCash.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!