Is mining completely dead to noobs

[gambit1]

Is there anything its viable to mine with an average PC at this point? Any half decent returns?

Thanks

[adaseb]

Is there anything its viable to mine with an average PC at this point? Any half decent returns?

Thanks

Only way to get any decent money is to buy GPUs to put inside your PC and have cheap electricity.

There isn't anything to mine with your CPU.

[Amph]

if you have already a high end gpu fpr gaming you can mine with it and earn something when you are not gaming

i started mining exactly in this way back in the doge era

[manoel]

Mining has never been for noobs, neither before nor now. GPUs and cheap electricity have always been requirements, the difference is that some people may have been able to mine something easy with simple equipment and then have gained in appreciation.

[Crypviser]

Also interested. Thanks

[gambit1]

I've got a decent graphics card yes. Is there anything to mine with one decent graphics card.

[adaseb]

I've got a decent graphics card yes. Is there anything to mine with one decent graphics card.

ETH / ETC
ZEC
XMR

Profitability pretty much equal between those 4.

[antantti]

With nvidia I would add LBC to adaseb's list.

[grrrgrrr]

zcoin is performing well. CPU mining could be profitable if this trend stays. It's a better anon coin than zcash.

https://bitcointalk.org/index.php?topic=1638450

[doktor83]

It's quite easy for everyone to mine, you just need hardware, and someone to help you set everything up.
You can earn some bucks this way.
But, if you are really into mining: read forums, follow trends and happenings in the world of crypto,learn how exchanges and trading works, etc .. etc.. you can earn more with the same hardware than the one who just sets up the mining equipment and leaves it as-is.

[d@nte]

I've got a decent graphics card yes. Is there anything to mine with one decent graphics card.

ETH / ETC
ZEC
XMR

Profitability pretty much equal between those 4.

These are probably the best possibilities, but there is no way to guarantee that there will be roi for the long term, as some of these coins, especially ethereum and zcash, are coins that are subject to much instability. Ethereum has yet to solve problems related to scalability and attack vectors. Zcash is a cryptocurrency that will surely bring in many inquiries due to the 20% fee that miners have to pay to developers.

[MWesterweele]

Mining here in the PH, is not gonna get you close to even. Electricity is gold, $.3-$.4/kwh , although we have here 'jumpers' though its really illegal and can make you lose your electric line for good.

Mining has never been for noobs, neither before nor now. GPUs and cheap electricity have always been requirements, the difference is that some people may have been able to mine something easy with simple equipment and then have gained in appreciation.

how could they have mined something easy?

[Ambros]

Mining here in the PH, is not gonna get you close to even. Electricity is gold, $.3-$.4/kwh , although we have here 'jumpers' though its really illegal and can make you lose your electric line for good.

Mining has never been for noobs, neither before nor now. GPUs and cheap electricity have always been requirements, the difference is that some people may have been able to mine something easy with simple equipment and then have gained in appreciation.

how could they have mined something easy?

Right now you can mine in 30 sec downloading claymore miner and running an example too from the README. With the difference that right now it's not so profitable, but a few months ago even a guy with a couple GPU would have earn something on ETH, just as an example

[TheKoolaider]

Is there anything its viable to mine with an average PC at this point? Any half decent returns?

Thanks

Mining is only dead to the people who won't take the time to learn and want an easy way in and out.

Started learning in mid July '16

Late July I have my first test miner with parts from Amazon I later returned.

Aug/Sept built a full blown 480 rig.

Nov/Dec built second 480 rig

Took me ~6 months to learn about bitcoin, altcoins, mining, trading, etc.

Keep up with trends, crypto community as a whole, forums, etc.

I'm slowly learning now, that mining is a game of waiting.


As I said, anyone who doesn't want to take the time should gtfo.

[doktor83]

As I said, anyone who doesn't want to take the time should gtfo.

You are wrong. They should mine with nicehash

[squatz1]

As I said, anyone who doesn't want to take the time should gtfo.

You are wrong. They should mine with nicehash

Yeah, or if you have something small and don't really want to go ahead and have to be converting such small amounts of altcoins to BTC with fees and such I would still go with Nicehash. At least with my pretty small setup right now I like using nicehash and would recommend it!

[Shady]

Mining alternative cryptocurrencies is the biggest thing after Bitcoin nodes were halved as many times as they have been. All you have to do is mine the right one, but now that other machines from farms can devour them it's really important to get in early. The new way to enter for beginners or newblets is from faucets or investment games. The old ways have been replaced as Bitcoins economy evolves.

Rather than the fact, this same entire process will keep cycling coins. Don't ever doubt what's coming and always utilize risk with keen eyes.

[QuintLeo]

As I said, anyone who doesn't want to take the time should gtfo.

You are wrong. They should mine with nicehash

 Nicehash sometimes IS the best option.
 I make more there on my A2s than I do through pool mining, and have done so for a month or so.
 It was also more profitable on my 1070s than any other option for a lot of the last 2 months.

 Just gotta crunch the numbers with allowance for all the fees involved in ALL options.



 Bitcoin has only seen *2* halfings to date - and the next one isn't due for over 3 years.


 The best way for a small miner to be profitable today, JUST LIKE for the big farms, is to be located in an area with low electric costs.

 

[HashZilla]

As I said, anyone who doesn't want to take the time should gtfo.

You are wrong. They should mine with nicehash

 Nicehash sometimes IS the best option.
 I make more there on my A2s than I do through pool mining, and have done so for a month or so.
 It was also more profitable on my 1070s than any other option for a lot of the last 2 months.

 Just gotta crunch the numbers with allowance for all the fees involved in ALL options.



 Bitcoin has only seen *2* halfings to date - and the next one isn't due for over 3 years.


 The best way for a small miner to be profitable today, JUST LIKE for the big farms, is to be located in an area with low electric costs.

 

please define "low electric costs" in USD

[philipma1957]

As I said, anyone who doesn't want to take the time should gtfo.

You are wrong. They should mine with nicehash

 Nicehash sometimes IS the best option.
 I make more there on my A2s than I do through pool mining, and have done so for a month or so.
 It was also more profitable on my 1070s than any other option for a lot of the last 2 months.

 Just gotta crunch the numbers with allowance for all the fees involved in ALL options.



 Bitcoin has only seen *2* halfings to date - and the next one isn't due for over 3 years.


 The best way for a small miner to be profitable today, JUST LIKE for the big farms, is to be located in an area with low electric costs.

 

please define "low electric costs" in USD

10 cents for gpu mining can make a profit if you have the gear.

5 cents for gpu mining if you have no gear.