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Question: Are you mining for fun or profit?
Fun - 15 (57.7%)
Profit - 11 (42.3%)
Total Voters: 26

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Author Topic: Are you mining for fun or profit?  (Read 601 times)
boost75 (OP)
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June 28, 2013, 11:12:59 PM
 #1

Hi all. New here and was just wondering if you are mining for fun or profit. Ultimately I'd like a return on my money. If the machine pays itself back in one year I'm fine with that. It's essentially like getting free equipment. I started with GPUs but difficulty and electricity cost quickly killed that. Just waiting for my BFL equipment now.
monbux
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June 29, 2013, 12:30:49 AM
 #2

I guess you could say I'm mining for profit, but I have not made an investment yet, therefore my profit is quite low.  I'm just trying to see how everything goes.
bl0odless1
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June 29, 2013, 12:33:40 AM
 #3

I personally mine just for fun at the moment. I have 2 of the USB ASIC miners I bought from ebay, so I'm not exactly a competitive miner. Looking to get into the BFL rigs once they are more readily available, but it just doesn't make sense to pay a 10x premium on gear at the moment.
wot_guppy
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June 29, 2013, 01:05:54 AM
 #4

I plan to mine for fun and learning if I can manage to get through all the hoops necessary to get some mining hardware!

I don't think I'll be able to make any real profit, at least for quite a while.

My first goal is to get a USB block erupter - probably not going to make any money off it but I'm sure I'll learn a lot along the way.

bl0odless1
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June 29, 2013, 02:20:02 AM
 #5

I plan to mine for fun and learning if I can manage to get through all the hoops necessary to get some mining hardware!

I don't think I'll be able to make any real profit, at least for quite a while.

My first goal is to get a USB block erupter - probably not going to make any money off it but I'm sure I'll learn a lot along the way.



Do you have any good contacts for cheap bulk erupters?
bailmeout
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June 29, 2013, 02:53:55 AM
 #6

I wish I could afford a mining rip and mine coins for fun:)
hobodan
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June 29, 2013, 04:35:04 AM
 #7

Mining for both. Waiting on the 4 hours and post to go by so I can finally buy some miners.
hobodan
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June 29, 2013, 04:45:17 AM
 #8

I plan to mine for fun and learning if I can manage to get through all the hoops necessary to get some mining hardware!

I don't think I'll be able to make any real profit, at least for quite a while.

My first goal is to get a USB block erupter - probably not going to make any money off it but I'm sure I'll learn a lot along the way.



Do you have any good contacts for cheap bulk erupters?

check out this post, https://bitcointalk.org/index.php?topic=245477.0. I plan on getting my Erupters through Canary
defcon23
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June 29, 2013, 06:34:04 AM
 #9

I plan to mine for fun and learning if I can manage to get through all the hoops necessary to get some mining hardware!

I don't think I'll be able to make any real profit, at least for quite a while.

My first goal is to get a USB block erupter - probably not going to make any money off it but I'm sure I'll learn a lot along the way.



Do you have any good contacts for cheap bulk erupters?


you can have one here: https://www.btcguild.com/index.php?page=store

best regards
wot_guppy
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June 29, 2013, 08:04:19 PM
 #10

Yeah I was planing to try either BTC Guild or CanaryInTheMine;
I'm in the process of getting some BTC now.

Things in bitcoin land seem to take a while!  Smiley

-gup
naphto
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June 29, 2013, 08:27:20 PM
 #11

Is it possible to mine for profit?  Roll Eyes

 Huh
hany103
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June 29, 2013, 09:53:36 PM
 #12

I'm mining at a loss at the moment  Grin
naphto
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June 29, 2013, 09:56:08 PM
 #13

I'm mining at a loss at the moment  Grin


normal Smiley
Colgate
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June 29, 2013, 11:40:05 PM
 #14

I am currently mining for fun but my existing GPUs.  But getting a small amount of profit along the way is nice too.     By the way, I am seeing a lot of groupbuys in regards to various ASIC hardware.     I am interested to read more and investigate further before investing on any ASIC hardware.   Which particular one would you recommend checking out?  And why?     Your opinion is appreciated. 
Coldcase
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June 29, 2013, 11:45:22 PM
 #15

my buddy runs for profit, i prob wont mine until i can get my hands on a asic usb, most likely for fun
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