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Author Topic: good mining days gone  (Read 1612 times)
klaaas
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November 02, 2017, 10:02:16 PM
 #21

doesn't it completely depend on the coin? coin developers know there are hungry miners out there so they supply coins that can be mined. if there isn't one now that suits your gear then one that will be suitable should come along at some point.

correct. Or what now looks like peanuts could be much more later on.

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November 04, 2017, 02:28:18 AM
 #22

Gone are the good days of mining 10 USD with two Rx 480.  I have decided to sell them , instead of upgrading . I don't think enough money is pouring in again in this vast ocean of crypto
Due to the fact that technology is evolving so does the miners too, that's why you really need to upgrade your miner too in order for you to mine more bitcoin. By upgrading you will gain enough bitcoin in the future and could get your ROI in just a couple of months or more. And the difficulty level will increase over time so you end up waiting much longer even, and possibly never end up getting a block when solo mining. Everything has their own risk but we must have to adapt to become successful.

This is a good point by sir. Yes, gone are the days of good mining because competition really spiked up. However, technology also improved as so we can also take this advantage to upgrade. If you are really into investing on mining industry, you should know how to stay competitive. Make some strategies like upgrading and minimizing cost. Maybe looking for areas with low electricity cost could help as well. Nothing in this world now is easy. Everybody is now competitive and you need to keep up with them by being and staying competitive as well.

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November 04, 2017, 10:54:58 AM
 #23

I agree. This is because the mining of concurrency today has become more competitive. A lot of people now are mining cryptocurrencies both big and small. And most of these miners are also in the focus of Bitcoin because of it's value. I am no expert at mining but I think when it comes to Bitcoin, what is better now is just investing and trading. Especially now that the Bitcoin value is going up, it is good to invest and monitor it's prices from time to time. This increase may go a long way as more people are getting into Bitcoin investment nowadays.

Yes, that's right. It's good to invest now because Bitcoin price trend is upward. I've read a news a couple of days ago that the major force behind this might be the surge in the trading volume of the Japanese and South Korean Bitcoin exchange market to the exit of Bitcoin traders in China. Accordingly, they accounted for more than 50% market share of the global Bitcoin exchange market.

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November 04, 2017, 05:26:52 PM
 #24

Huh. There they say that the good time has passed (Q1 2017). The good times were when all mined bitcoins on 7970. Now it's just a grow on hype.
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November 05, 2017, 09:01:51 PM
 #25

Yeah, now we should invest more and more with every day to keep our mining process on a high level. But i think its worth of it, and if we want to receive some BTC we need to spend money on it.
and that is fair! we cant just generate BTC from air... if we could it would not cost so much


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November 06, 2017, 06:35:35 PM
 #26

Gone are the good days of mining 10 USD with two Rx 480.  I have decided to sell them , instead of upgrading . I don't think enough money is pouring in again in this vast ocean of crypto
I think bitcoin mining business is not as easy as it is since 2012 till 2014. Gone are actually the days that miners get bitcoin easy and almost mining bitcoin like picking coins from ground. However,  mining others coins is still profitable and you can also mining those coins that split from bitcoin such as bitcoin gold and bitcoin Cash for profits. I have been trying to set up a mining farm but cost of electricity is too high in my country.
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November 06, 2017, 08:59:21 PM
 #27

Yeah, now we should invest more and more with every day to keep our mining process on a high level. But i think its worth of it, and if we want to receive some BTC we need to spend money on it.
and that is fair! we cant just generate BTC from air... if we could it would not cost so much
If the electricity cost is cheap then -YES but if not then its better to buy coins directly rather than on bothering yourself on mining because you are just really wasting up your time and effort to mine without seeing its profitability unless if you decide to hold up on the cons that you are holding.On this kind of case where GPU turns out not to be profitable then we can always resell those not on mining purposes but for gaming.Im sure there would be lots of people could possibly purchase those graphic cards and save up and plan to buy the latest one.


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soudao
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November 07, 2017, 09:58:35 AM
 #28

In this case, the current rise of bitcoin will only attract more people to participate in mining. Obviously, the more people involved, the more difficult the mining will be.
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November 07, 2017, 01:46:56 PM
 #29

you're right
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November 09, 2017, 02:18:27 AM
 #30

Gone are the good days of mining 10 USD with two Rx 480.  I have decided to sell them , instead of upgrading . I don't think enough money is pouring in again in this vast ocean of crypto

There must be something seriously wrong with your brain if you think that kind of ROI is sustainable. You can still make your money back on your gpu rigs within a year if you have cheap electricity. Even that is fkn retarded ROI. I am certain that it's going to fall even more.

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