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Author Topic: How can he make so much money?  (Read 1033 times)
cvk1992 (OP)
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January 09, 2018, 12:17:45 PM
 #1

One guy I know - who we dont want to ask but be sure of that - makes 100k Dollars a month with mining ETH in Sweden. (ETH Price 700 so now it would be a lot more)
So he and some friends of his own a mining farm.

How do they do that? We dont want to use Google because we are sure that what you find there is scam.

Does anybody know an answer? we also have a screenshot but i m not allowed to post a picture
Undefined31415
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January 09, 2018, 12:21:19 PM
Last edit: January 09, 2018, 12:32:42 PM by Undefined31415
 #2

One guy I know - who we dont want to ask but be sure of that - makes 100k Dollars a month with mining ETH in Sweden. (ETH Price 700 so now it would be a lot more)
So he and some friends of his own a mining farm.

How do they do that? We dont want to use Google because we are sure that what you find there is scam.

Does anybody know an answer? we also have a screenshot but i m not allowed to post a picture

Under the assumption that your figures are correct, then this person is part of a sufficiently large mining farm. That's all there is to it.

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KaydenC
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January 09, 2018, 12:29:39 PM
 #3

One Rx580 makes $4 a day or $120 a month.
100 rx580 = 12000 a month
1000 rx580 = 120K a month.

Harsh_Patel
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January 09, 2018, 12:52:25 PM
 #4

You can get make much with mining. But how you put it is wrong. You can't say 120K$ is profit. It takes a lot of initial investment and Electricity and Maintenance will cost will bring down a mining profits to normal. What you guys are discussing here is just the revenue. You have to subtract the Expenses to get the profits.

This is the way people do the scam, SIMPLY THEY JUST DON'T DISCUSS ABOUT THE EXPENSES, AND SHOW AWFUL SOME OF PROFITS.

Please visit Giga Watt Website to check out actual profits and mining cost. They are the best.

I am sorry for my wrong doings.

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Amstellodamois
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January 09, 2018, 01:03:42 PM
 #5

Please visit Giga Watt Website to check out actual profits and mining cost. They are the best.
You build your GPU miner and have it delivered to their warehouse? They do the setup and charge you a fee?
cvk1992 (OP)
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January 09, 2018, 01:05:25 PM
 #6

and we can do that without going to Sweden?
I dont need 100k a month but a decent amount is fine as well.

So what to do? We do have money to invest. Which site is reliable?
Branko
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January 09, 2018, 01:14:43 PM
 #7

and we can do that without going to Sweden?
I dont need 100k a month but a decent amount is fine as well.

So what to do? We do have money to invest. Which site is reliable?

What site? You mean which graphic card?
leonix007
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January 09, 2018, 02:01:05 PM
Last edit: January 09, 2018, 02:13:14 PM by leonix007
 #8

i have 1GB graphic card nvidia how can i earn please help me .....

this is my ethereum wallet - 0x930a1045e20ae27325c5de7de0dcf21dce371d1b

Help me pls... frens..

you can't mine with ETH with that kind of Card, you must have at least 3GB mem in order to mine ethash.


Quote
Please visit Giga Watt Website to check out actual profits and mining cost. They are the best.
Quote
You build your GPU miner and have it delivered to their warehouse? They do the setup and charge you a fee?

you can buy also the miner with them, and pay the rents, not sure, but I don't feel comfortable investing a large sum for my rigs without touching and seeing them physically.
Bimmber
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January 09, 2018, 02:33:18 PM
 #9

i have 1GB graphic card nvidia how can i earn please help me .....

this is my ethereum wallet - 0x930a1045e20ae27325c5de7de0dcf21dce371d1b

Help me pls... frens..

Oh poor boy, let me send you 10 000 coins,  give me 5 minutes  Shocked
Bimmber
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January 09, 2018, 03:32:00 PM
 #10

I tried sending you 20 000 coins, but it said "wallet address incorrect"  Shocked
Bimmber
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January 09, 2018, 03:45:53 PM
 #11

Wrong address, two digits missing  Roll Eyes
Bimmber
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January 09, 2018, 03:53:25 PM
 #12

Still comes up with error message. Try different wallet.
jimlyon
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January 09, 2018, 04:06:38 PM
 #13

One guy I know - who we dont want to ask but be sure of that - makes 100k Dollars a month with mining ETH in Sweden. (ETH Price 700 so now it would be a lot more)
So he and some friends of his own a mining farm.

How do they do that? We dont want to use Google because we are sure that what you find there is scam.

Does anybody know an answer? we also have a screenshot but i m not allowed to post a picture.

i think it's only possible pools Mining. maybe this is the formula. KaydenC already say that

One Rx580 makes $4 a day or $120 a month.
100 rx580 = 12000 a month
1000 rx580 = 120K a month.



Rasanders22
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January 09, 2018, 04:07:24 PM
 #14

One guy I know - who we dont want to ask but be sure of that - makes 100k Dollars a month with mining ETH in Sweden. (ETH Price 700 so now it would be a lot more)
So he and some friends of his own a mining farm.

How do they do that? We dont want to use Google because we are sure that what you find there is scam.

Does anybody know an answer? we also have a screenshot but i m not allowed to post a picture

Initial investment: $500,000   (based on 1000 cards at avg price of $400/card added in another 100k for supporting hardware)

Revenue: $100,000
Depreciation: ~$50,000 (based on the schedule I use)
electric: ~10,000 (1000 cards pulling 120W/H at $0.12/Watt)
building rent/mortgage: ~2-3,000 (I'm guessing here and I doubt he is running it out of his house)

Profit would only be about 47K/month after expenses, and I'm sure I've missed a few like insurance,security,other utilities, etc.




tienao24h
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January 09, 2018, 04:12:53 PM
 #15

One guy I know - who we dont want to ask but be sure of that - makes 100k Dollars a month with mining ETH in Sweden. (ETH Price 700 so now it would be a lot more)
So he and some friends of his own a mining farm.

How do they do that? We dont want to use Google because we are sure that what you find there is scam.

Does anybody know an answer? we also have a screenshot but i m not allowed to post a picture


investment 400k USD (mining farm) -> 1month = 100k USD
GbrilliantQ
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January 09, 2018, 04:16:02 PM
 #16

Anything is possible with enough investment. More difficult today though, with the massive shortages and order limits when buying card to mine with now.  
Amstellodamois
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January 09, 2018, 04:19:08 PM
 #17

Quote
Please visit Giga Watt Website to check out actual profits and mining cost. They are the best.
Quote
You build your GPU miner and have it delivered to their warehouse? They do the setup and charge you a fee?
you can buy also the miner with them,
Yeah but they're sold out.

Quote
and pay the rents, not sure, but I don't feel comfortable investing a large sum for my rigs without touching and seeing them physically.
My Ponzi scheme detector is bipping as well. We should create a blockchain to follow transactions of cloud mining companies  Grin
ronnylov
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January 09, 2018, 04:42:51 PM
 #18

If you mine and hold the mined coins for one year beore you sell them you get a higher profit each month of mining if the coins increase in price. Maybe your friend mined coins one year ago during one month and sells them now? Difficulty was lower one year ago so you got more coins and the price is higher now so you get more payout for the coins. The coins he mines today maybe he is going to sell next year?

Just a theory of how to increase mining profits.

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onecall123
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January 09, 2018, 05:20:08 PM
 #19

Anything is possible with enough investment. More difficult today though, with the massive shortages and order limits when buying card to mine with now.  
Yes. So, It's not too late to start. Store your capital, there still have lots of time ahead. Mining will be the best business investment for a while. I don't get why anyone would say it isn't profitable. As more anyone invest, as they get more profits.

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Speedie
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January 09, 2018, 06:06:01 PM
 #20

Is there anyone who can donate me some bitcoin or dollar

You're in the mining section where you can be pretty sure that the majority of participants have invested their own hard earned money and acquired the knowledge to be in a position to earn money from their rigs. They should just give you money because....?
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