Why do you small timers even bother?

[green547]

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.

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[N2DCRYPT]

What's your cutoff for a small-timer-miner?

[leowonderful]

It’s fun as a hobby and still possible to earn a small profit even if you’re mining at home. A few bucks a day still amounts to quite a bit of extra cash in the long run, and you can use profits from mining to expand on your current operation and build upwards from there. I already work a regular job and get paid, mining is just extra on top of that and it’s more interesting than simply holding.

[grosminer]

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.

False..!
I used to mine some LTC back in 2013..with 3 Radeon 280x .. mined 2 LTC/day for a few months.. So i was getting 4-5$ per day..

Look how much this worth right now...

[Vann]

In Nov 2016 a six card rig could mine several ETH a week. If you held most of the coins you mined, you made a lot more than a couple dollars a day. Of course if you bought ETH back then when it was $10 and held, you likewise did very well, but buying Crypto outright is a lot riskier than mining. Those that bought coins at the end of last year when they were at an ATH are currently down significantly. For many of those coins it will be a long time before they reach that ATH again if ever. Those that were mining during that time are still profitable.

[greenfailure]

Because small time speculative mining is hugely profitable,, accumulate tons of small marketcap coins via mining and hold until you can sell for a large amount.

Often times there isn't liquidity to purchase these coins on exchanges, so mining is the best answer.

i.e. I mined ZER (zero) on a 6x 1080ti rig for several weeks, making about 20-25 coins/day. Later sold those coins for 10$/coin (200-250$/day).

[dhouse]

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.

           

[eth4lyfe]

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.

Or do all 3? Define "big farm with a lot of capital" please. lol

[xberg]

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 consider myself a small timer as well and agree with you that there is a huge effort in maintaining several cards operating + noise + heat for relatively small rewards. But it's very addictive!

[cashen]

Hobby....

Great Community....

Just because you are the biggest doesn't mean you can't play.

[Swinging Phallus]

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.

False..!
I used to mine some LTC back in 2013..with 3 Radeon 280x .. mined 2 LTC/day for a few months.. So i was getting 4-5$ per day..

Look how much this worth right now...

That's the hope most miners have today in my opinion, sure it may be a dollar today but who knows what it may be a few months or years down the road, there still is a lot of new money yet to be introduced. Mining requires no work at all. You buy some gpu's and they work for you, how is that NOT enticing to some people?

Sure, some people aren't even pulling Ghz, but mining is still profitable and money is money.

[ETHtotheMOON1]

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 most people just do it for fun, or possible for some people even very tiny profit of few usd can be good enough given the average salaries in the places they live. We shouldn't judge

[-mrblonde]

I am a wannabe small timer, and I want to do it for the fun of learning something new.

[Subutai]

You can either look at mining as a hobby or a source of income as the primary driver.

I think even for a dollar or so a day it's a pretty fun hobby to mess around with, learn more about hardware, tech, and the crypto space in general.

[NobodyIsHome]

The way I see it, people weren't buying and mining en masse before the market exploded.  It will calm down once earnings fall back below the cost of electricity.

Your hobbyists will still be there, however at that point, I believe there would be better uses for their equipment rather than racking up huge electric bills on long bets.

[BitBustah]

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.

You are absolutely right. I got ROI for my rig last year. I've decided to keep mining untill the miner dies.
I don't want to invest more money in crypto, so that's why I don't buy. Let us hope there's a future for bitcoin, and that it goes up in value soon.

[BitBustah]

The "fun" and "learning" will be over soon.. I was like that too in the beginning.

[green547]

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.

False..!
I used to mine some LTC back in 2013..with 3 Radeon 280x .. mined 2 LTC/day for a few months.. So i was getting 4-5$ per day..

Look how much this worth right now...

Ya but the point is you could of spent the time you used on mining to work other jobs or make more cash and buy way more than 2 litecoins a day back then.  So it kind of makes mining pointless for small timers.

[d2bg]

Were you under the impression that people here just built one rig and watched it all day, and didn't have a job?  How would they have afforded to build a rig in the first place?

What a moron.

[lunobird]

B/c buying coins with credit card is too expensive now with cash advances fees now being added by mastercard/visa,  So i can still buy gpus on credit cards, the miners avg cost buy in constantly, and not get charged for cash advance.