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Author Topic: minning is it cheap or not ?  (Read 599 times)
milindabandara
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November 09, 2017, 02:41:12 AM
 #21

My friend was mining for bitcoin with antminer's...but the dificulty went so up it wasn't profitable no more...so he bought GPU's and started making money again...he told me several times to get in "the bussines" but i didn't had the money at the time...in the end of may this year i got my first GPU miner and the profit was super...i got my investmen back in 3 months but then went down...prices of coin's were droping hard...sometimes i did not even cover my electricity cost...with today's price i'm making about 60$ profit with 9 GPU's...in my country electricty is very expencive...so this is my main problem...i'm searching how to reduce elec. cost...

 "whattomine.com"  is very good for getting info about which coin to mine, what is the profit,...

You said there is super profit in first 3 months and then it went down.
You did noting to your system and why its happens?

Is this Profit loss happens due to the higher number of miners in the system or what?
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November 11, 2017, 06:36:35 PM
 #22

Whats the best way to mine now? All sites seem to be out of BTC mining... & would it be profitable today? (pre-fork/post-fork)

Because BTC mining is for the big boys. You can buy a single miner and have fun with it but you won't get a huge profit compared to the amount of time you'll have to dedicate to setting it up and making sure it's constantly working. It really makes no difference if we're pre or past fork (although there may not be any past forks for now Cheesy)
If you really want to mine read about CPU coins, they are great for beginners.

so for someone who don't have a lot of money to begin with, mining BTC is not a good option eh?
For me its better to have a share of mining equipment and to participate in a prospering organisation than do it myself.
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