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Author Topic: GPU Mining Is NOT Profitable In My HOUSE - October 2018 Mining Farm Update  (Read 1781 times)
VoskCoin (OP)
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October 22, 2018, 12:47:26 PM
 #81

Come to my place i'll give you 75$ a kw if you are over 50kw.   Tongue  Roughly 10 cents

you know my friend, that is really not a bad offer! lol (at least w/ my rates)

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October 22, 2018, 12:48:53 PM
 #82

Don't try HDD mining, everyone I know swears it's the worst thing they did in mining, also burst coin mining sucks the most. I don't know what's happening in your house but in my house GPU mining is profitable, I mine with Nvidia gtx 1070, 1070ti and 1080ti, ROIed 1/5 in one week, last year, so finally it was a good investment for me.
Btw don't get so stressed, do you still profit some cents or not? If not then how much you lose in month? Because possibly it can give you almost free winter, then I would sell them.

burstcoin mining (while I think its super cool / interesting) has been such a time consuming fruitless ($) endeavor . . lol

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October 22, 2018, 12:49:48 PM
 #83

One way you can earn some more USD or BTC with little risk is by lending it on Bitfinex or Bitmex. Basically you don't get much but you get way more than in a US dollar savings account. Currently Bitfinex pays 0.02% a day while Bitmex plays 0.03% a day.

Yes there is the risk of them getting hacked so you shouldn't keep all your coins on there but depending on how many BTC you own, it might be more profitable right now then mining if you got large electricity rates.

You forgot to add an example, always give examples for people to understand how it works in the end, if is worth or not, if you have 10.000 usd, interest rate at 0.02 bitfinex, that will earn you $2 per day, in a year x 364 = 728 usd, not worth at all cause coins jump prices very fast and increase many times, now lending btc or eth that might be a good alternative but still risk if the exchange is hacked like you mentioned. Well in this bear market, never hold usd and if you have usd then exchange fast for coins like btc or eth, remember that eth price is very low, anytime its price might jump to $400 in few hours, $800 in a day or so, never underestimate volatility in crypto.

Remember that in a bull market if the price of the coin you are holding rose 50 times then exchange to usd and never look back, wait things to settle down and then buy your coin back if the coin you sold crashed 4 to 8 times.

that's the real premium advice here lol, take profits and know most coins will eventually tumble back down for good ops to buy back in

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