ranlo
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Activity: 1974
Merit: 1007
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October 19, 2015, 06:57:13 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... If you calculate the earnings for these coins, you would make significantly more buying them off the market privately. I've yet to see a coin where this wasn't true.
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dothebeats
Legendary
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Activity: 3696
Merit: 1353
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October 19, 2015, 07:53:11 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity.
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 19, 2015, 08:05:28 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Actually GPU mining is done at a loss in most cases these day's. Finding a new coin with low diffiulty with value is not a everyday thing. And even if you make money chances of having ROI on card are pretty much zero. It's the days of Asics now. GPU's just are to expensive to run.
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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October 19, 2015, 08:10:55 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, .
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RealBitcoin
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October 19, 2015, 08:21:31 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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October 19, 2015, 08:30:25 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing XFX used to give lifetime warranties... and even better, they could be TRANSFERRED twice to new buyers (significantly increasing the resale value of their cards). Sadly, they don't do that anymore, either.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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October 20, 2015, 07:22:10 AM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... If you calculate the earnings for these coins, you would make significantly more buying them off the market privately. I've yet to see a coin where this wasn't true. not always , because some of them where basically worthless, even after the launch, and there were the chance to hold useless dust with instamining you mine a shitload in 2 min and forget, basically it's like they give you free coin, that you cna sell to sucker, that want to deal with the trading aspect
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ucwindonesia
Newbie
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Activity: 1
Merit: 0
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October 20, 2015, 07:24:06 AM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing XFX used to give lifetime warranties... and even better, they could be TRANSFERRED twice to new buyers (significantly increasing the resale value of their cards). Sadly, they don't do that anymore, either. How about cryptocurrency ?? it's good?
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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October 20, 2015, 07:28:31 AM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing XFX used to give lifetime warranties... and even better, they could be TRANSFERRED twice to new buyers (significantly increasing the resale value of their cards). Sadly, they don't do that anymore, either. How about cryptocurrency ?? it's good? what do you mean? xfx is a gpu company, it has nothing to do with crypto, gpu should not be that bad for crypto if you're asking for this, but there are only few coins that are profitable take a look at the altcoin announcment section, search for the new only, if it isn't already launched it's probably not profitable
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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October 20, 2015, 08:26:34 AM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing XFX used to give lifetime warranties... and even better, they could be TRANSFERRED twice to new buyers (significantly increasing the resale value of their cards). Sadly, they don't do that anymore, either. How about cryptocurrency ?? it's good? what do you mean? xfx is a gpu company, it has nothing to do with crypto, gpu should not be that bad for crypto if you're asking for this, but there are only few coins that are profitable take a look at the altcoin announcment section, search for the new only, if it isn't already launched it's probably not profitable You couldn't tell that his one post on the forums happens to be spam? .
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planetroving (OP)
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Activity: 2170
Merit: 1000
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October 23, 2015, 11:50:34 PM |
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At the current time, is it profitable to mine altcoins? If it is, then should the altcoin have the lowest difficulty, or be chosen it based on another factor? Is it easier to get profit from a CPU-mine only coin, or something like BURST, which you 'mine' using your HDD?
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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October 24, 2015, 02:14:51 AM |
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At the current time, is it profitable to mine altcoins? If it is, then should the altcoin have the lowest difficulty, or be chosen it based on another factor? Is it easier to get profit from a CPU-mine only coin, or something like BURST, which you 'mine' using your HDD?
Not at all. You're better off mining BTC and using that to buy alts in most cases. Some will claim "you can mine x of coin y and you'll make a lot if it goes up 10x," but you'd make more buying it for BTC since you'd have more coins.
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Sturgeon
Sr. Member
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Activity: 392
Merit: 250
ドラゴンスピ
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October 24, 2015, 08:49:35 AM |
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At the current time, is it profitable to mine altcoins? If it is, then should the altcoin have the lowest difficulty, or be chosen it based on another factor? Is it easier to get profit from a CPU-mine only coin, or something like BURST, which you 'mine' using your HDD?
maybe yess, but mining altcoin is harder to calculate than you mining bitcoin altcoin price is "very unstable" than bitcoin price
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"The economy depends about as much on economists as the weather does on weather forecasters" Jean-Paul Kauffmann "The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway" BlindMayorBitcorn
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 24, 2015, 09:03:13 AM |
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At the current time, is it profitable to mine altcoins? If it is, then should the altcoin have the lowest difficulty, or be chosen it based on another factor? Is it easier to get profit from a CPU-mine only coin, or something like BURST, which you 'mine' using your HDD?
maybe yess, but mining altcoin is harder to calculate than you mining bitcoin altcoin price is "very unstable" than bitcoin price I was excited to hear about HD mining. But look at some of the burst calculators. I found it takes multi TB's of diskspace and you make a few bucks a month. That does not cover electricity. If you look at burst price it has been on a downward trend for a while. Take a look at long term trends - https://poloniex.com/exchange#btc_burst
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winspiral
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Activity: 1778
Merit: 1026
Free WSPU2 Token or real dollars
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October 24, 2015, 09:12:39 AM |
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what is this HD mining?
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addy boy
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October 24, 2015, 03:40:54 PM |
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Bitcoins is a thing that everybody wanna earn. There are many method to earn btc coins. Till now I have found 13 ways hope it is useful for you all 1) Lend BTC on a peer-to-peer lending service 2) Lend BTC on Chinese exchanges 3) Save in interest-bearing BTC accounts 4) Start an online service and solicit donations via Bitcoin 5) Complete micro-tasks to get Bitcoin 6) Sell your items 7) Sell your services Watch videos and get paid in Bitcoin 9) Listen to an online radio and earn Bitcoin 10) Bitcoin faucets 11) Getting involved with Altcoins 12) Affiliate programs 13) Publish online ads U can try this methods to earn btc. Thanks
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ranlo
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Activity: 1974
Merit: 1007
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October 24, 2015, 03:48:51 PM |
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what is this HD mining?
Some coins (like BURST) use a mining algorithm that's based on HDD space, rather than processing intense algorithms for coins. So the more space you have, the more you earn.
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makerofall
Newbie
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Activity: 35
Merit: 0
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October 24, 2015, 03:57:48 PM |
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Bitcoins is a thing that everybody wanna earn. There are many method to earn btc coins. Till now I have found 13 ways hope it is useful for you all 1) Lend BTC on a peer-to-peer lending service 2) Lend BTC on Chinese exchanges 3) Save in interest-bearing BTC accounts 4) Start an online service and solicit donations via Bitcoin 5) Complete micro-tasks to get Bitcoin 6) Sell your items 7) Sell your services Watch videos and get paid in Bitcoin 9) Listen to an online radio and earn Bitcoin 10) Bitcoin faucets 11) Getting involved with Altcoins 12) Affiliate programs 13) Publish online ads U can try this methods to earn btc. Thanks Nice set of earning methods...
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marsmyname
Member
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Activity: 332
Merit: 12
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October 24, 2015, 04:14:57 PM |
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Bitcoins is a thing that everybody wanna earn. There are many method to earn btc coins. Till now I have found 13 ways hope it is useful for you all 1) Lend BTC on a peer-to-peer lending service 2) Lend BTC on Chinese exchanges 3) Save in interest-bearing BTC accounts 4) Start an online service and solicit donations via Bitcoin 5) Complete micro-tasks to get Bitcoin 6) Sell your items 7) Sell your services Watch videos and get paid in Bitcoin 9) Listen to an online radio and earn Bitcoin 10) Bitcoin faucets 11) Getting involved with Altcoins 12) Affiliate programs 13) Publish online ads U can try this methods to earn btc. Thanks Nice set of earning methods... But most of them like faucet earning which is not recommended ad not worth for the time spending...
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 24, 2015, 05:01:02 PM |
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mining if you have free electric Free electricity doesn't mean it's profitable. You're burning up your video card/CPU at the same time. Factor in those costs. when i was instamining alt in the past, it was basically with free electricity, because i was mining for 5 min and then repeat for another coin, and it was everything but not profitable also if well cooled, usually custom gpu are the best, you can be assured that your gpu would last very long, and anyway gpu are not like asic, they have warranty... This is one edge of gpu mining: the warranty of the card itself. Nowadays, altcoins mostly are GPU-dependent on their algorithms thus making GPU mining profitable (if in case these coins hit the exchanges). Also, a few cards would probably give you some profit if you mine a low-difficulty coin already out in the exchanges, it's also a plus if you got a cheap electricity. Overclocking your GPU will void the warranty. I believe mining at 100% will as well. And sadly, nobody has lifetime warranties anymore, . Because we live in a consumerist economy where the more you consume the better the economy is, fallacy is on. Regardless, the maximum warranty you get is 5 years here, and that is on TV and PC. For shitty small stuff, 1 maybe 2 years. They make shittier items for the same price (shrink-flation), to hide the inflation in the economy. So no producer will assume the risk of warranty. Blame the money printing XFX used to give lifetime warranties... and even better, they could be TRANSFERRED twice to new buyers (significantly increasing the resale value of their cards). Sadly, they don't do that anymore, either. They were a little late on changing during day's of my GPU mining it was all to easy. Warranty covered a lot and most were in years. Even if you OC'ed the crap out of they they still would replace if broken. It really was to good to be true. So I'm not surprised if they changed.
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