Bitcoin Forum
December 18, 2017, 03:45:36 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Altcoin mining value  (Read 292 times)
64dimensions
Hero Member
*****
Offline Offline

Activity: 507


View Profile
January 16, 2017, 02:16:14 PM
 #1

I didn't think it was possible, but it appears as though at least for now, directly mining BTC is turning into a bit of a suckers game for the small miner compared to Altcoin mining.

Using an arbitrary metric, the amount of hardware it takes to net $5 USD per day (this is about what a 6 card rig would do), a used S9 costs about somewhere between 1.5X to 2X of what an equivalent gpu setup does.

This is ironic, given the past constant snark and smack directed towards altcoins. Altcoin mining at least for the past year and for right now has many advantages, not the least being multiple, competitive, high quality suppliers.
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
1513611936
Hero Member
*
Offline Offline

Posts: 1513611936

View Profile Personal Message (Offline)

Ignore
1513611936
Reply with quote  #2

1513611936
Report to moderator
talks_cheep
Hero Member
*****
Offline Offline

Activity: 770


View Profile
January 16, 2017, 02:23:39 PM
 #2

Where do you see "value" in mining sh1tcoins?

Have you not seen the decline in profit as more people switch over from mining bitcoins to altcoins? Ether mining has risen to double the hashrate over the last month, same with zec and monero. As the trend continues, you will start losing money mining sh!tcoins.

Amph
Legendary
*
Offline Offline

Activity: 1722


Zabercoin – An Asset Backed Cryptocurrency


View Profile
January 16, 2017, 02:35:15 PM
 #3

one s9 cost 2k against a 6 x 480 rig which cost 1600, but the 6 gpu rig can only reach 0.008 per day while the s9 0.01 with higher consumption, around double of the gpu rig

THE FUTURE OF
REAL ESTATE
..

║║
║║
║║
▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬ ● ● ▬▬

║║
║║
║║
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!