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Author Topic: Can regular people mine anymore  (Read 1186 times)
MXgirl150 (OP)
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March 28, 2018, 09:50:53 AM
 #1

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?
bobo012
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March 28, 2018, 10:18:46 AM
 #2

Options are getting slimmer, most people rely on ETH mining nowadays with GPU, but there are some rumors about ethash ASICs, so we will need to wait and see how that will influence the scene. There will still be zcash and monero to mine i thing but with all GPUs on that it will not be profitable...
jmigdlc99
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March 28, 2018, 11:59:31 AM
 #3

Regular people can mine. To make a good profit you will need to spend a lot of time tweaking and doing research tho.

First thing i would suggest you to do is use google. This question has been asked a thousand times already. There is an overabundance of online guides and tutorials that will teach you everything about mining. Start learning if you want to start earning.

0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
jagauthier
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March 28, 2018, 04:15:59 PM
 #4

Unfortunately, mining can only be done by irregular people now.

</dad joke>

Seriously though... I am a regular person, and I mine with 5 GPUs.  Considering mining a hobby and not an income generator and have fun doing all the things.
gsrcrxsi314
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March 28, 2018, 04:18:37 PM
 #5

I’m a regular person with only 16 GPUs.
edwardceng
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March 29, 2018, 06:44:55 AM
 #6

I’m a regular person with only 16 GPUs.

16 is a good number, really.  Shocked

OP, I also regular people and I mine with a few of GPU, I'm not a programmer, I'm not an expert, and I'm nothing. I'm just studying hard about everything that I want to know, and now I am a miner.

xxcsu
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March 29, 2018, 07:05:20 AM
 #7

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

I have a very simple answer to your question Wink HERE


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Cryptoipad
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March 29, 2018, 07:15:25 AM
 #8

Bitcoin mining is profitable, but it is hard to keep it that way. I run a small mine as an educational hobby in to  garage. I know that whole project now percentage in the black with the rise in bitcoin prices. There is still a lot of controversy and confusion over what exactly this new payment technology will be used for, but as bitcoin concludes its this year of existence, what an adventure bitcoin mining moving around, but still distributed worldwide,The around cheap sources of electricity, particularly power of mining industry. Mining is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications of regular people's used on mining project.
edwardceng
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March 29, 2018, 07:30:13 AM
 #9

I have a very simple answer to your question Wink HERE

Sound like, everyone knows Google, but only "few" people can use google as an information source. And most people think members here better than Google, lol. Then they ask with a poker face here rather than ask Google that has a lot of databases.

swogerino
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April 14, 2018, 09:17:32 PM
 #10

If you want to mine nowadays you need to have many graphic cards, my colleagues have made a group by and have 20 mining computers, each one with 6 graphic cards. I was influenced by them so I build an eight graphic cards mining computer with Nvidia Gtx 1050 ti and for me so far it is a hobby and I am a regular person.

I say that you need at least 12 graphic cards or 2 mining computers in order to mine regularly, you can mine Eth for until the asics are all over us and the difficulty skyrocket, after you have to do some research to mine other coins.

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yudi31
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April 22, 2018, 03:43:37 PM
 #11

I think it can, because mine can be done by anyone as long as there is intention and willingness bitcoin can be in mine, patience is the most important thing and diligent mining will increase coffer coin
smoolae
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April 22, 2018, 03:50:13 PM
 #12

I do consider myself a regular person and still can mine easily for some easy monthly profit with my 5x GPU rig.

Max Likelihood
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April 22, 2018, 11:26:54 PM
 #13

Well, in some ways it is less of a hassle for a "regular person"--if you're a gamer you already have 1 or 2 gpus and can mine with them at night w/out buying new equipment. If you just want a small rig with a few cards you just have to build one rig and find a few cards. More cards, more problems.
jillscarbrough
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April 23, 2018, 06:23:42 AM
 #14

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins? What equiment does it take to get started?
I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

I am a regular people with 10 Rigs already 2 years mining in altcoins as long as I can do it also means you can do it but I suggest if you will start mining for now, that this time isn't the right time to start because the market situation isn't friendly.
Woterry
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April 23, 2018, 06:56:43 AM
 #15

I know exaclty what you mean there by “regular people”. What he meant was if you’re putting up a small mine pc, would it be enough for the right amount of coins that he can get? Or you really need to push 2 PCs and 6 GCs on it to get your satisfied outcome. I personally haven’t started mining since I still have to learn how it works. But I think you really need to be prepared in terms of knowledge and of course, budget.

EthanB
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April 23, 2018, 11:25:33 AM
 #16

I heard regular people can't mine anymore... is it possibe to mine any significant amount of coins?

I have no clue what your definition of "regular" is. However, there are many people that I consider "regular", doing exactly as you ask. They are mining their lives away and enjoying every moment of it.

I also have no clue what your definition is "significant" is, because if you are asking about a particular $ amount or a particular amount of coins you will have to be more specific. It is incredibly significant, the amount you are able to mine, because you can spend $600-$700 on a 1080TI and make the money back (at current rates) within 4-5 months. After 4-5 months, everything is profit and you have the option to sell the card for pure profit as well. You can make the judgement whether or not a profitable investment is significant. It is scale-able, phenomenally scale-able.

What equiment does it take to get started?

A GPU, CPU or ASIC hardware. I suggest looking for cheap 1080TIs that've been lightly used, or something else that is top of the line and going cheap right now. People are selling their gear off out of worry, so now if the time.

I'm new to crypto, but mining seems to be way less risky than trading. But I'm no programmer... what do I need to do to get started?

Mining or trading are significantly less risky when you are educated and informed about them. You are much less likely to take a bad trade or make a bad equipment purchase if you are good at the corresponding skill. Knowing what the avoid, what to buy, how much your electricity costs and what kind of wiring, breakers and circuitry is in the mining area are all things that need to be considered. This list is by no means extensive, but it gives a starting idea for the things to think about.
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April 23, 2018, 11:47:21 AM
 #17

Seems to me you were confused, there is no problem to with mining for regular miners..
Well established coins can't be mined with huge numbers cause the diff is too high already..
So your choice is new coin, you have to find it and mine
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April 23, 2018, 01:26:30 PM
 #18

mine can still be done, the hardware must be appropriate, the tool to mine the eth coins is usually different from the hardware to mine bitcoin, maybe that is not able to mine it because the result is not appropriate, because it is too many miners, so the result is little
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May 20, 2018, 10:41:39 AM
 #19

One of the goals of BiblePay is to have a coin that everyone can mine

BiblePay is a CPU ONLY coin, so anyone with a computer can mine it,
no need to mess with graphics cards and opening up computers,
and even more awesome, low end computers work very well with the algorithm.

We also now support mining with a smartphone.

===

BiblePay (BBP)
- 10% mined coins always go to Charity (currently sponsoring 329 Orphans monthly!)  
- ASIC-Resistant like Vertcoin/Groestlcoin (CPU Mining Only)  
- fork of DASH (Masternode Governance, Proposals & Voting), Live 10% Monthly Budget
- Proof of BibleHash (POBh) algorithm, All Nodes are Full Nodes  
- Ranked #145 in Code Commits

630+ million BBP coins in circulation, 5.2 billion by Year 2050

Launched July 23rd 2017, Market Cap $2 million, $0.003 per BBP
https://coinmarketcap.com/currencies/biblepay/

38% of BiblePay coins are rewarded to Healing and Curing with Distributed Computing [Contributing CPU Cycles to Science Research]
- Rosetta@home (Cancer, AIDS/HIV, Malaria, Alzheimer’s)
- World Community Grid (Cancer, AIDS, Zika, Tuberculosis, Clean Energy, Ebola)

Mining Guides:
https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/
https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/

Can an atheist mine biblecoin?

Yes, BiblePay is open to all

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May 20, 2018, 01:25:54 PM
 #20

LOL at all these guys with 4+ GPUs saying they're normal.
 
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