Why do you small timers even bother?

[ltcsprite]

What's a small timer?

Make a few K a month here but even if I only made $300 how is that not worth bothering for?

Shitty threads like this is why I hate reading this shit hole, buncha fuckin money hungry retards all about profit instead of the projects.

Loserville.

[newmz]

Hey all you guys who responded to this - I think maybe the OP was from a big hairy guy about 9 feet tall who traditionally lives under a bridge or in a dungeon......

[jillscarbrough]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital. 

what the means of small timer? (skip..)
he/she isn't miners. if you ever experienced mining coin ETC, when at that time Fork 1:1 become ETH coin, At that time I only had 1 RIG and I get profitable comparable to 2 VGA R9 290. one case else example when a mining Zcash, first release software for Equihash Algo (because when Zcash released, still CPU based). since then I mining Zcash for 2 months and I have profit can buying 1 RIG again complete (only in my country). and until at this time, I still do mining on Ethash Algo and so far still profit after paying the electricity.

Most of you guys are better off working a regular job and just buying crypto.

if you suggest better a regular job and just buying crypto. I feel that's less precise because a regular job also not necessarily better than a miner from in terms of income. the different of miners can full a control their income without must wait for a monthly salary and said 'hello boss every morning'. and expect the boss to give a bonus in every month and Christmas day.

[polylogic]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital.  Most of you guys are better off working a regular job and just buying crypto.

simple, even if you only get 1 cent profit it is still worth it.
but you are right, dont bother mining, there are too much miners anyway.
lay down your algorhytmic shovels and enjoy life.
work couldnt get any easier....

[wheelz1200]

Theres many reasons for small timers to mine.  Profit is still profit.  How does mining effect whether they have a job or not.  If you do it right it can be a set it and forget it type operation and profit is still profit.  Money aside, people including me are interested in the process and crypto in general and this is one of the main blocks of crypto.  Also if we let farms run everything that kind of defeats "decentralized" world we are in.  It also keeps me up to date with all the coins and the economy in what is going on.  Plenty of reasons beyond profit driven for miners small or large to keep going....

[Riptide_NVN]

If you have good credit, I would buy mining equipment with credit cards (find one with 0% interest for 24+ months) and use that card for your mining expenses. I get as many reward points as I can this way.

That is like me having 3 jobs at that point.

1. main job that I would not quit
2. mining (5 rigs and will continue to grow)
3. reward points paying for vacations or other fun things I wanna do (I am not paying anything really from my own bank account at that point)

All this can be done and if you did it the right way (paying off each month).

Absolutely correct THIS is just fine.

Did morons even read the critical last part of this post before responding?  He's PAYING IT OFF EACH MONTH.  Therefore, not going into debt to fund this.

Putting expenses on credit cards and then paying them off monthly to get the rewards is one of the smarter things you can do to maximize savings.  He's got this figured out.

[h311m4n]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital.  Most of you guys are better off working a regular job and just buying crypto.

I'm not a small time miner, but here's my 2cts.

1. Working an average job, with an average pay and getting stuck in traffic every day like every other average looser out there is not what I call better off. Granted, it gets you a stable revenue.
2. Most of us, small, average or big time miners do this for a variety of reasons. We do it as a hobby, we do it because it actually pays the bills. But honestly, I think we all do it simply because we all secretly hope that the coins we mine will one day get us out of point #1 so we can do something else with our lives than spend it working 8-5

[retard75]

My guess is the little hobby miners are the only ones that will "survive" the incoming difficulty tsunami.

[Golftech]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital.  Most of you guys are better off working a regular job and just buying crypto.

I'm not a small time miner, but here's my 2cts.

1. Working an average job, with an average pay and getting stuck in traffic every day like every other average looser out there is not what I call better off. Granted, it gets you a stable revenue.
2. Most of us, small, average or big time miners do this for a variety of reasons. We do it as a hobby, we do it because it actually pays the bills. But honestly, I think we all do it simply because we all secretly hope that the coins we mine will one day get us out of point #1 so we can do something else with our lives than spend it working 8-5

A good and precise answer, we do have all our reasons and the fact that mining still profitable and helpful to those who understand it, I think OP is not a miner itself but just looking for some analysis, those who have small rigs and still manage to continue are still believing that someday the value of what they are holding will be mooning, as long as it can pay electricity bills and the rigs still working and surviving that's still a good news for small miners like us.

[h311m4n]

My guess is the little hobby miners are the only ones that will "survive" the incoming difficulty tsunami.

That doesn't make any sense mate...the higher the diff, the more difficult it becomes for a small time miner to get coins and make it worthwhile, unless the price of the coin itself rises enough for it to make no difference.

[NateDoggETH]

If you have good credit, I would buy mining equipment with credit cards (find one with 0% interest for 24+ months) and use that card for your mining expenses. I get as many reward points as I can this way.

That is like me having 3 jobs at that point.

1. main job that I would not quit
2. mining (5 rigs and will continue to grow)
3. reward points paying for vacations or other fun things I wanna do (I am not paying anything really from my own bank account at that point)

All this can be done and if you did it the right way (paying off each month).

Absolutely correct THIS is just fine.

Did morons even read the critical last part of this post before responding?  He's PAYING IT OFF EACH MONTH.  Therefore, not going into debt to fund this.

Putting expenses on credit cards and then paying them off monthly to get the rewards is one of the smarter things you can do to maximize savings.  He's got this figured out.

If people would have read the entire post instead of jumping to conclusions that in living in debt they would have seen that information. I pay off my credit cards that could get interest each month so that I never pay anything "extra" besides what I use. The stuff I have on 0% interest credit cards is always paid off before the time frame that I could get charged interest on it (example 24 months 0% interest $20000 on credit card would have 20 payments of $1000 and would be paid off before the expiration of the 0% APR).

that is called smart financing.

I work in the financial industry and there are many strategies people can do to benefit other area of there lives (i.e. not spend as much money). The reason why people get so crazy about credit cards and hearing this stuff is because they are not disciplined in there own financial lives in my opinion.

[Iamtutut]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital.  Most of you guys are better off working a regular job and just buying crypto.

           

I think the same, first time I read something so arrogant on this forum.

[treanski]

Why even bother to mine with a few minres and earn a couple of dollars a day.  Mining is only worth it if you can build a big farm with a lot of capital.  Most of you guys are better off working a regular job and just buying crypto.

maybe you fucking arrogant cunt should to go and learn more about crypto if you need a whole farm to make good profit

[GeePeeU]

If a small timer can spot the perfect coin, and mine the shit out of it, and secure it then forget about it, me might be well off in 10 years.

It's more of a gamble, but there are incentives.

[IndieMiner]

If a small timer can spot the perfect coin, and mine the shit out of it, and secure it then forget about it, me might be well off in 10 years.

This.

A small miner can act as a fundamental long-term trader/investor by mining the right altcoins as they are entering the market and essentially securing what could be considered the new world equivalent of stock in a promising new company.

[MajMongoose]

I was bored and needed a new hobby... 

[FloridaCoin]

Hey all you guys who responded to this - I think maybe the OP was from a big hairy guy about 9 feet tall who traditionally lives under a bridge or in a dungeon......

Amen! 

[BitcoinSupremo]

I started out as a small miner and a hobbyist with my single Nvidia GTX 1060 in my home. I started in November 2016 where this card was making about 0.0013 BTC daily and I immediately fell in love with this and soon after with money I made from mining added a new GTX 1060 in March 2017. So on I started and have made this home mining rig with 2 GTX 1060 and 4 GTX 1050 ti in two separate PC-s, I have room for another 3 cards but that is not important.

What is important is that during July 2017 me and some friends have invested together and have built 25 mining rigs or 5 mining rigs each. This maybe is not much as a big fish but sure adds up even here in Europe, as that is 1300 EURO net profit excluding electricity cost for 5 rigs that we have each one.

What I want to say is that if I and my friends were not experimenting and were not small timers in the beginning we would have nothing right now. As they say, ONE HAS TO START SOMEWHERE and in Bitcoin world you start wherever and whenever you can no matter how small you are when you start.

[green547]

It's only going to get worse from here on out.  The big boys are coming and setting up massive farms and eventually the little guys will be left with pennies as the difficult increases tremendously.

[h311m4n]

It's only going to get worse from here on out.  The big boys are coming and setting up massive farms and eventually the little guys will be left with pennies as the difficult increases tremendously.

Meh, as long as new coins keep coming out with friendly gpu algos, this won't be that much of a problem.

Many people only refer to WTM, but many coins aren't listed there. Just doing a bit of research can allow you too mine good coins with good potential that not everyone's mining.