How She ROI’d Her Mining Rig in 8 Weeks in a Bear Market

[leowonderful]

Well I actually ROI'd a GPU in less than 6 hours when the ZEC launches back in Nov 2016.

Back then the price was crazy high on Poloniex, basically one ZEC was worth more than one BTC and if you were on an actual pool that paid you could of been one of the first few deposits and made crazy gains for almost no work.

The issue with this is that we don't see these gains everyday. It was basically pure luck and it won't help you out in the future.

Haha I did same.  I had 30 x 6 card machines at the time and hit zec as soon as it went live and sold it as soon as it hit my account.  Man those were the days...,  People were FOMO hard on Zec - Supply and Demand baby, it's a beautiful thing.

I also remember those days, but I happened to be unlucky and couldn’t find a working pool that processed withdrawals in time as a lot of pools either delayed withdrawals or didn’t let you withdraw immediately at all, so I didn’t make nearly as much as you guys did. Still broke even after a while on a six card rig, which was the only GPU rig I had back then. A bit better than the gambling some people do today with mining an extremely low difficulty coin and hoping it goes up in the future, but such a situation likely won’t ever happen again.

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[jillscarbrough]

Well I actually ROI'd a GPU in less than 6 hours when the ZEC launches back in Nov 2016. ..

Haha I did same. ....

I also remember those days, but I happened to be unlucky and couldn’t find a working pool that processed withdrawals in time as a lot of pools either delayed withdrawals or didn’t let you withdraw immediately at all, so I didn’t make nearly as much as you guys did. Still broke even after a while on a six card rig, which was the only GPU rig I had back then. A bit better than the gambling some people do today with mining an extremely low difficulty coin and hoping it goes up in the future, but such a situation likely won’t ever happen again.

That's the second moment for me, the first one is PayCoin (XPY) in 2015, has everyone remember this moment? I'm still using Antminer S1, S2, S3 and some of Dragon miners. Did you all remember about GAW?

Wow - so what is the special coin that everyone is mining? 

I'm seeing 1 Gh/s on Nicehash / Westhash go for almost 1 BTC (per 24 hrs) -- while normally it is 1/5 the price.

At ZEC's moment, I was starting from Testnet (that's funny) On the Testnet I just using CPU mining, I use GPUs when the genesis block launched. This is one of the best moment we have. 

[adaseb]

Well I actually ROI'd a GPU in less than 6 hours when the ZEC launches back in Nov 2016.

Back then the price was crazy high on Poloniex, basically one ZEC was worth more than one BTC and if you were on an actual pool that paid you could of been one of the first few deposits and made crazy gains for almost no work.

The issue with this is that we don't see these gains everyday. It was basically pure luck and it won't help you out in the future.

Haha I did same.  I had 30 x 6 card machines at the time and hit zec as soon as it went live and sold it as soon as it hit my account.  Man those were the days...,  People were FOMO hard on Zec - Supply and Demand baby, it's a beautiful thing.

I also remember those days, but I happened to be unlucky and couldn’t find a working pool that processed withdrawals in time as a lot of pools either delayed withdrawals or didn’t let you withdraw immediately at all, so I didn’t make nearly as much as you guys did. Still broke even after a while on a six card rig, which was the only GPU rig I had back then. A bit better than the gambling some people do today with mining an extremely low difficulty coin and hoping it goes up in the future, but such a situation likely won’t ever happen again.

It was pure luck. There were many pools but only 2 of them actually paid out a few hours after the blocks matured. I think suprnova was one of them.

However you had to use the regular address, I think it started with a "t" instead of the privacy address "z" to get paid. So even if you were on the right pool, the payouts to "z" address were delayed by a few DAYS since the ZEC launch had issues processing those transactions with those addresses and pools stopped sending out any payouts.

The ZEC launch was madness. I remember all those "ZEC Cloud mining" services that popped up and most of them became very bad investments to whomever bought a contract.

Crazy to believe it was almost 2 years ago... time sure flies.