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Author Topic: and once again it is time 2 shut down my rigs  (Read 794 times)
PanneKopp (OP)
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December 08, 2016, 03:48:27 AM
 #1

Hi Folks,

though my mining activities slept nearly that long,
that I nearly missed the ETH-Train,
I took some nice profit of ZEC.

My electricity costs are huge in 2016 and will even rise in 2017.

I got the experience what is good mining-gear 4 2017, ending in a PC-like quad GPU (case-integrated) Mining / Gaming-PC -Solution.

Maybe someone in the EU is interested in my "building-blocks" (e.G. 8-Slot Mid-Tower-Chassis and good FANs).


Yours PanneKopp


... please make an educated guess !
adaseb
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December 08, 2016, 03:57:59 AM
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Unless your power costs are like $0.50/kwh OR you are using old GPUs ( 280x) you should still be pulling in a profit.
eckmar
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December 08, 2016, 03:55:12 PM
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since you nearly missed ETH train you should have hit ROI from that point untill now. If you really did I don't see the point in shutting down your rigs since there is nothing to lose. Even if you didn't you can still make few $$ per month. Better to just leave and see how it will do.
Gleb Gamow
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December 08, 2016, 04:05:25 PM
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Unless your power costs are like $0.50/kwh OR you are using old GPUs ( 280x) you should still be pulling in a profit.

My new place here in Arizona includes free electricity. I'm seriously exploring the option of getting my life-long bud (in the same complex) into mining altcoins. Please advise me of the profitability of such given that free electricity is part of the equation. TBC, mining any POW (or perhaps POS) alts is on the table. Thanks in advance. I'm now watching this thread for future replies.
eckmar
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December 08, 2016, 04:49:42 PM
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Unless your power costs are like $0.50/kwh OR you are using old GPUs ( 280x) you should still be pulling in a profit.

My new place here in Arizona includes free electricity. I'm seriously exploring the option of getting my life-long bud (in the same complex) into mining altcoins. Please advise me of the profitability of such given that free electricity is part of the equation. TBC, mining any POW (or perhaps POS) alts is on the table. Thanks in advance. I'm now watching this thread for future replies.

Since you don't own any hardware now, i would't recommend starting mining at this point. It would take too long to hit ROI. If you have large amount of BTC you could invest into POS.
Ayers
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December 08, 2016, 05:05:37 PM
Last edit: December 08, 2016, 05:17:10 PM by Ayers
 #6

since you nearly missed ETH train you should have hit ROI from that point untill now. If you really did I don't see the point in shutting down your rigs since there is nothing to lose. Even if you didn't you can still make few $$ per month. Better to just leave and see how it will do.

isn't profitability the same as it was before, because now bitcoin is higher? if we account this the thread started should have absolutely no problem in keep mining

Gleb Gamow
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December 08, 2016, 05:44:35 PM
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Unless your power costs are like $0.50/kwh OR you are using old GPUs ( 280x) you should still be pulling in a profit.

My new place here in Arizona includes free electricity. I'm seriously exploring the option of getting my life-long bud (in the same complex) into mining altcoins. Please advise me of the profitability of such given that free electricity is part of the equation. TBC, mining any POW (or perhaps POS) alts is on the table. Thanks in advance. I'm now watching this thread for future replies.

Since you don't own any hardware now, i would't recommend starting mining at this point. It would take too long to hit ROI. If you have large amount of BTC you could invest into POS.

Thanks kindly the advice, bud. In lieu of hardware, how 'bout me sendin' moneys to one of them nefarious cloud minin' thingy outfits to mine precious?  Roll Eyes Roll Eyes Roll Eyes
eckmar
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December 09, 2016, 10:43:41 AM
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Thanks kindly the advice, bud. In lieu of hardware, how 'bout me sendin' moneys to one of them nefarious cloud minin' thingy outfits to mine precious?  Roll Eyes Roll Eyes Roll Eyes
Most of them are scam so don't even bother, and ones that are not, you are going to take longer to ROI than  building your own rig

since you nearly missed ETH train you should have hit ROI from that point untill now. If you really did I don't see the point in shutting down your rigs since there is nothing to lose. Even if you didn't you can still make few $$ per month. Better to just leave and see how it will do.

isn't profitability the same as it was before, because now bitcoin is higher? if we account this the thread started should have absolutely no problem in keep mining

No it's not. When ETH mining was starting to get popular you could ROI in about 90-100 days even if your electricity cost was't too low.
Gotomoon
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December 09, 2016, 10:56:01 AM
 #9

Unless your power costs are like $0.50/kwh OR you are using old GPUs ( 280x) you should still be pulling in a profit.

For the $0.50/kwh and with 280X, if you do not under volt, it is better to shutdown the rigs now. It is not profitable.
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