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Author Topic: Unsure of what i need to do for my goals.  (Read 130 times)
Wastefullcoin
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August 10, 2018, 10:44:14 AM
Merited by theymos (1)
 #1

Hey all, I have got a lot of info from the forum so i signed up, Im into the crypto market and not a complete newbie, but my tactics are not efficient been over 1 and a half years since i properly got into mining due to just having a lot of spare gaming PC's

I have a coinbase account, a few wallets, and some odd tactics, but i know my goal is not to save up for a lambo, but Moreso to have a good spare bit of cash to buy stuff online with as my working money is typically spent on bills but if i can use crypto to minimise that that would be a godsend

I have 2 specific "mining rigs " (ryzen 2600x and gt 1030, Makes a okay combo for low wattage 0.15000 mBTC and a whole PC for cheap) 2 gaming laptops for boosting my income when im in the house, (never on 24h, 8 at most) GTX 1080 in main rig and a few spare rigs that i dunno what im doing with yet.

I use my computers for a lot of multipurpose stuff anyway so i do get my money out the hardware alone if im not mining.

I just want to know what i should be doing if im looking at this "spare cash" scenario, I can go out and slap x2 1060s in the ryzen rigs but then thats me just paying that back on finance, Im not up to date with crypto trends and what i should be doing like i dunno if i should be using nicehash or a different miner for a specific coin.

If the goal was monetary, i know all my PC's will get roughly £18 a week at current rates but thats if everything i have is on 24h and i would only keep the 2 mining specific builds on for 24h, i would like to be on at about £30+ a week based on current rates. (about 5.015 GBP per BTC)

Just need to be pointed into some path directions, Thanks for reading.
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August 10, 2018, 01:20:04 PM
Merited by theymos (1), BTCforJoe (1)
 #2

Might be a better idea to mine some other cryptocurrency in my opinion(if you're not doing this already). Pretty difficult to profit from bitcoin if you're not using ASICs[1]. So yea. Go for other coins in my opinion. These might help you out:


[1] https://www.digitaltrends.com/computing/what-is-an-asic-miner/

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August 10, 2018, 02:51:46 PM
Merited by theymos (1)
 #3

Might be a better idea to mine some other cryptocurrency in my opinion(if you're not doing this already). Pretty difficult to profit from bitcoin if you're not using ASICs[1]. So yea. Go for other coins in my opinion. These might help you out:


[1] https://www.digitaltrends.com/computing/what-is-an-asic-miner/

Another site that you can use:  https://www.coincalculators.io/.

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August 10, 2018, 07:20:43 PM
Merited by theymos (1)
 #4

If you have 3 normal computers, two of which are laptops (prone to overheating) take a look at some HDD coins that can be mined with your drives (no overheating and even a laptop can manage 24/7 mining). Also, did you subtract the cost of electricity from that £30 a month? It's going to eat a huge portion of that income.
Nowadays you can no longer profit from mining without getting a decent rig. Times when you could mine BTC with your computer ended before 2013.

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August 10, 2018, 11:34:55 PM
 #5

Also, it wouldn't hurt if you will try holding POS coins with potential to last long or grow in the future. That way you would profit while saving electricity since it can run 24/7 even if your gaming PCs are off. Just be careful though, most coins in the market nowadays goes down in value and the chance of them becoming a future shitcoin is high. Research a lot first about POS coins before buying one.
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August 11, 2018, 06:37:14 AM
 #6

Try to get coins for the future. My rig of two GTX 1070 and GTX 1070ti mining ETH or ZEC is currently making profits of just$ 60 per month.

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