apriyoni
|
|
April 05, 2016, 12:58:59 PM |
|
if there is no more profit, i'll wait for the next huge coin, it will come eventually
That is what I will do. I have mined Litecoin, Doge coin, X11 and Sharkcoin and Ethereum. They were all profitable at some stage.
|
|
|
|
tosrn
Newbie
Offline
Activity: 2
Merit: 0
|
|
April 05, 2016, 01:06:58 PM |
|
Hello guys, new to the mining business (I know, ANOTHER ONE), I read a lot this forum and other websites as well on mining and Ethereum. I'd like if possible to validate with the knowledgeable members here that my understanding of ETH mining and its (possible) future : - The mining difficulty has risen in the past month and will continue to do so until (around end of year) ETH switches to PoS instead of PoW now Is this correct? I'm not perfectly at ease with the PoS concept but I do understand that one of its major effect on mining will be rendering it (almost) not profitable. - Given the history of crypto currency the possibility of having another currency that requires GPU mining in the coming year is medium to high If this is correct investing in a RIG right now would not be a complete loss of money (again, only a possibility and not a certainty) What do you guys think? Do I still need to read a lot or I'm starting to get the hang of it? In the meantime I started mining with my gaming RIG to try it out (GTX 970, W10 and latest driver, clearly not optimal) and it works fine!
|
|
|
|
malekbaba
Legendary
Offline
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
|
|
April 05, 2016, 02:31:06 PM |
|
if anyone can handle the rig correctly, the rig will make money. Eth is not the only profitable coin for gpu miner, before eth came into market there were other coins and in future there will be
|
|
|
|
zalucia
|
|
April 05, 2016, 02:39:31 PM |
|
If the price keeps on dropping to $5 or lower, it will be not profitable for the most miners. So the difficulty will not rise.
|
|
|
|
ilgio
Member
Offline
Activity: 70
Merit: 10
|
|
April 05, 2016, 03:04:16 PM |
|
which is another profitable currency with GPU? ?
|
|
|
|
basyaru
|
|
April 05, 2016, 04:09:34 PM |
|
which is another profitable currency with GPU? ?
I don't think you'll get the answer =) But there is always Nicehash
|
|
|
|
Restmand
|
|
April 05, 2016, 04:18:57 PM |
|
which is another profitable currency with GPU? ?
I don't think you'll get the answer =) But there is always Nicehash If you do not use Nicehash to mine Etheruem, then it is OK to use that site. It is quite reliable.
|
|
|
|
Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
|
|
April 05, 2016, 04:26:10 PM |
|
which is another profitable currency with GPU? ?
I don't think you'll get the answer =)But there is always Nicehash I agree, it might be easy money, but not so easy you can expect everyone else to do all the legwork for you and cut into their own profits. The answers are out there and not hidden, but you do need to put in at least some effort.
|
|
|
|
ilgio
Member
Offline
Activity: 70
Merit: 10
|
|
April 05, 2016, 04:54:52 PM |
|
I don't understand. is there an coin more profitable to ethereum? with GPU mining
|
|
|
|
malekbaba
Legendary
Offline
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
|
|
April 05, 2016, 05:02:42 PM |
|
I don't understand. is there an coin more profitable to ethereum? with GPU mining
in crypto no one will help in this specific question
|
|
|
|
ilgio
Member
Offline
Activity: 70
Merit: 10
|
|
April 05, 2016, 05:17:22 PM |
|
|
|
|
|
antantti
Legendary
Offline
Activity: 1176
Merit: 1015
|
|
April 05, 2016, 05:35:25 PM |
|
One of the easiest ways to start is to look at nicehash.com and hashpower.co Sit down, take cold beer and look at what is going on. Why is someone buying hash and what he/ she does with it. You will soon figure it out.
|
|
|
|
macwika
Newbie
Offline
Activity: 32
Merit: 0
|
|
April 05, 2016, 07:00:00 PM |
|
One of the easiest ways to start is to look at nicehash.com and hashpower.co Sit down, take cold beer and look at what is going on. Why is someone buying hash and what he/ she does with it. You will soon figure it out. For the Ethereum mining with Nicehash, Nicehash itself is the one buying the hash. We do not know what they do with it.
|
|
|
|
malekbaba
Legendary
Offline
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
|
|
April 05, 2016, 10:19:48 PM |
|
One of the easiest ways to start is to look at nicehash.com and hashpower.co Sit down, take cold beer and look at what is going on. Why is someone buying hash and what he/ she does with it. You will soon figure it out. For the Ethereum mining with Nicehash, Nicehash itself is the one buying the hash. We do not know what they do with it. I think they are the middle man. They buy hashes @ low and sell hashes @ high. Profit . No ?
|
|
|
|
basyaru
|
|
April 05, 2016, 10:46:39 PM |
|
I don't understand. is there an coin more profitable to ethereum? with GPU mining
I'm sure there are such coins. But if you'll get the answer here like "Coin XXX has more profit that Ethereum!" it will not be profitable in few hours
|
|
|
|
sanadas
|
|
April 06, 2016, 08:21:02 AM |
|
One of the easiest ways to start is to look at nicehash.com and hashpower.co Sit down, take cold beer and look at what is going on. Why is someone buying hash and what he/ she does with it. You will soon figure it out. For the Ethereum mining with Nicehash, Nicehash itself is the one buying the hash. We do not know what they do with it. I think they are the middle man. They buy hashes @ low and sell hashes @ high. Profit . No ? For other algorithms such as X11, NeoScrypt or Quark, there are markets. But for Ethereum, it is just pool mining there.
|
|
|
|
ilgio
Member
Offline
Activity: 70
Merit: 10
|
|
April 06, 2016, 09:48:11 AM |
|
with GPU, the ethereum is more profittable coin? now?
|
|
|
|
Oasisman
|
|
April 06, 2016, 10:02:08 AM |
|
with GPU, the ethereum is more profittable coin? now?
It is still the most profitable coin, but the profitability is dropping fast. There are too many miners now for this coin.
|
|
|
|
malekbaba
Legendary
Offline
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
|
|
April 06, 2016, 12:55:33 PM |
|
Eth is still the most profitable if you trade on daily basis. The price is dropping and difficulty is rising. In both case we are losing.
|
|
|
|
Tmdz
|
|
April 06, 2016, 02:26:59 PM |
|
with GPU, the ethereum is more profittable coin? now?
It is still the most profitable coin, but the profitability is dropping fast. There are too many miners now for this coin. If there is a more profitable coin once it get discovered by the masses the hash rate will sky rocket and everyone will dump the coin killing the market. That is if enough coin can be mined in relation to market cap and total supply where it will be damaging. Well stick with ether and once the profit gets very slim look at other coins but don't expect any help here, if someone is mining profitable coin they don't want any more mining on it raising the diff/ dumping the coin killing the market.
|
|
|
|
|