Bitcoin Forum
December 14, 2019, 11:15:24 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: You say you cant mine bitcoin with your pc meaningfully... i disagree, help me!  (Read 281 times)
coinforlife
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile WWW
June 15, 2019, 05:55:31 PM
 #1

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you
1576365324
Hero Member
*
Offline Offline

Posts: 1576365324

View Profile Personal Message (Offline)

Ignore
1576365324
Reply with quote  #2

1576365324
Report to moderator
1576365324
Hero Member
*
Offline Offline

Posts: 1576365324

View Profile Personal Message (Offline)

Ignore
1576365324
Reply with quote  #2

1576365324
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1576365324
Hero Member
*
Offline Offline

Posts: 1576365324

View Profile Personal Message (Offline)

Ignore
1576365324
Reply with quote  #2

1576365324
Report to moderator
Steamtyme
Legendary
*
Offline Offline

Activity: 854
Merit: 1502


https://www.youtube.com/watch?v=nT5HPhO - Newb Vid


View Profile WWW
June 15, 2019, 07:19:57 PM
 #2

There is no way that your 1080ti is mining 1.20$ a day of BTC.
Mining is not dead it is alive and well, you just have to use an Asic if you want to mine BTC. Other than that your GPU can go mine any altcoin out there some of them profitable.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.
No you still aren't mining BTC. You are trading coins for BTC there is a difference.

This is the best thread I have to help people learning to mine BTC - https://bitcointalk.org/index.php?topic=4636521.0

HagssFIN
Legendary
*
Offline Offline

Activity: 1470
Merit: 1419


Electrical engineer (B.E.). Mining since 2014.


View Profile WWW
June 15, 2019, 07:27:00 PM
 #3

This is altcoins mining,
the end of story.

rdluffy
Full Member
***
Offline Offline

Activity: 630
Merit: 122



View Profile
June 16, 2019, 12:32:27 AM
 #4

If you want to mine BTC, you have to look for Asics man
You can mine with GPUs and change for BTC

But if you are counting on a BTC price's rise, why not buy directly on some exchange, move to your wallet and wait?

Metroid
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 288


Xtreme Monster


View Profile
June 16, 2019, 01:34:39 AM
 #5

You can mine bitcoin with any gpu or cpu, go ahead and if by luck you find a block that is a lot of money. Never underestimate the power of luck, you can take billions of billions of billions of billions of years to find a block or few seconds.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
nc50lc
Hero Member
*****
Offline Offline

Activity: 798
Merit: 839


Self-proclaimed Genius ㊙️


View Profile WWW
June 16, 2019, 02:34:43 AM
 #6

You can mine bitcoin with any gpu or cpu, go ahead and if by luck you find a block that is a lot of money. Never underestimate the power of luck, you can take billions of billions of billions of billions of years to find a block or few seconds.
Or buy a lottery ticket.
The chance of winning is literally multiple times higher than solo mining Bitcoins using GPUs.

@coinforlife Those who have a similar mindset aren't mining "professionally" really.
They aren't taking every aspect in account, just speculating the possible future isn't "meaningful" at all.
Of course, that's a bonus if it happened.

Metroid
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 288


Xtreme Monster


View Profile
June 16, 2019, 03:11:44 AM
 #7

You can mine bitcoin with any gpu or cpu, go ahead and if by luck you find a block that is a lot of money. Never underestimate the power of luck, you can take billions of billions of billions of billions of years to find a block or few seconds.
Or buy a lottery ticket.
The chance of winning is literally multiple times higher than solo mining Bitcoins using GPUs.

@coinforlife Those who have a similar mindset aren't mining "professionally" really.
They aren't taking every aspect in account, just speculating the possible future isn't "meaningful" at all.
Of course, that's a bonus if it happened.

Oh yes any lottery in this world would be easier, millions to one x billions of billions of billions of billions to one.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
adaseb
Legendary
*
Offline Offline

Activity: 2170
Merit: 1165



View Profile
June 16, 2019, 06:43:02 AM
Merited by nc50lc (1)
 #8

Speaking of lotteries.

There is a BTC pool called ckpool and they got a solo mining section where if you actually find a block you get like 99% of the reward sent to you. Its not a real pool because its a solo mining pool without the headache of running the software client.

A few years back I had an ultra-silent Antminer S3, I had it in my office pointed to it, hoping that my S3 would be the first S3 to find a block on that solo pool, after many many months (or a year) I never hit a block. I think my largest diff was like 1,000,000,000 or so.

This was years ago when the bitcoin difficulty was much lower than today, today I think you would be better off playing an actual lottery than solo mining BTC.

████████████████████████████
████████▀▀ █▀ █▀ ▀██████████
█████████▄ ▄▄▄▄▄▄███████████
██████████▀     ▀  ▀████████
███████▀ ▀  ▄█▀▀▀█▀▀████████
██████▄      █▄  ▀▀  ▀██████
██████         ▄▄█▄ ▄ ▀█████
█████ ▄         ▀▀ ▄ ▀ █████
██████▌          █▀█▀ ▐█████
███████  ▄▌         ▄ ██████
████████▄█         ▄████████
█████████▀     ▄▄ ▄█████████
████████████████████████████
.JACKMATE'S...........
.
MAJESTIC..
████████████████████████
███████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
████████████████████████
.
..WIN 1 BITCOIN ON EVERY PREMIER LEAGUE MATCHDAY..
████████████████████████████████
████████████▀█▀ ▀█▀█▀███████████
███████████▄ ▄▄▄▄▄▄▄████████████
███████████▀▀▄▄▄▄▄▄▄▄███████████
█████████▀▄ ██▀▄▄▄ ▀ ▄▀█████████
███████▀ ▀█████▄▄▄█▄▄▄██████████
███████▀▄████████▀  ▀█ █▐███████
███████ ▀█████████▄█▀▀██ ███████
████████ ███▀██████ ▄ ██ ███████
████████▌▐▀▄ ██████████ ▄███████
█████████▄██▌▐█████▀██ █████████
████████████▄▀▀▀▀▀▄ ▀▄██████████
████████████████████████████████
.
.JOIN US - IT'S FREE! .
Alpha0One1
Full Member
***
Offline Offline

Activity: 588
Merit: 107


View Profile
June 18, 2019, 07:15:09 AM
 #9

The odds of winning the lottery is way, way much better than mining a bitcoin block if you are solo mining.
Thanks for sharing your experiences in solo mining.
Metroid
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 288


Xtreme Monster


View Profile
June 18, 2019, 07:58:47 AM
 #10

Speaking of lotteries.

There is a BTC pool called ckpool and they got a solo mining section where if you actually find a block you get like 99% of the reward sent to you. Its not a real pool because its a solo mining pool without the headache of running the software client.

A few years back I had an ultra-silent Antminer S3, I had it in my office pointed to it, hoping that my S3 would be the first S3 to find a block on that solo pool, after many many months (or a year) I never hit a block. I think my largest diff was like 1,000,000,000 or so.

This was years ago when the bitcoin difficulty was much lower than today, today I think you would be better off playing an actual lottery than solo mining BTC.

And your antminer S3 is thousands times faster than any cpu. I find it funny trolls used to leave celerons mining btc or eth solo. Celeron uses 65w, trolls as always, mindless creatures.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
huntingthesnark
Member
**
Offline Offline

Activity: 342
Merit: 24


View Profile WWW
June 18, 2019, 07:59:30 AM
 #11

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you

Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value?

Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true.  


For the latest Crypto news and alts info check out https://coinsjar.info/
Metroid
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 288


Xtreme Monster


View Profile
June 18, 2019, 08:10:03 AM
Last edit: June 18, 2019, 08:21:06 AM by Metroid
 #12

trolls fail to understand that if bitcoin hits 100k then any money used to mine it would be worth many times more if had bought the coin directly. Mining bitcoin is only worth if its price does not rise.

Here is an example, I don't mine, I buy coins, my friend used to mine, so 2 cases, lets see what happened in 2017. As I had all my money in coins, I had no hassle or anything, so I waited as the bulltrend was getting bigger and bigger, my friend sold his coins and bought hardware, that hardware gave him 50% his investment in 6 months, my coins in those 6 months gave me 600%. End of story, my friend does not mine anymore and said he never will, best thing wait for trends and go all in. Buy coins when nobody buys and sell coins when nobody sells but respect trends, catching a falling knife in a trend is not a good thing, stabbing a trend is also not a good thing, need to calculate the damage whatever path you choose.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
NeuroticFish
Legendary
*
Offline Offline

Activity: 2058
Merit: 1374


There are no mistakes. Only opportunities wasted.


View Profile
June 18, 2019, 08:28:19 AM
 #13

It's not uncommon that some altcoin miners convert automatically into Bitcoin without comprehending what they actually mine.
This doesn't validate OPs theory and this doesn't make the initial statement (that one cannot meaningfully mine Bitcoin with his PC) invalid.

Also in mining the current value is to be taken into account. The future value is about speculation/investment, which can be done with mined or bought Bitcoin in the same way.


As a conclusion: OP should read more, to get to the point he understands the things he's writing about.

bumchik
Newbie
*
Offline Offline

Activity: 103
Merit: 0


View Profile
June 18, 2019, 09:06:50 AM
 #14

i can get about $1,20 per gpu 1080ti per day.
This can't be true -_-
rdluffy
Full Member
***
Offline Offline

Activity: 630
Merit: 122



View Profile
June 18, 2019, 11:46:42 AM
 #15

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you

Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value?

Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true.  



If you think about future value, why not buy the coins directly?
Like Metroid said a hundred times, you can buy your coins, and hold, if you´re mining for future prices, you're doing wrong

coin-investor
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 506

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 19, 2019, 01:30:54 PM
 #16

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you

I'll still prefer buying Bitcoin than mining it, of course, Bitcoin could reach to that price, but why not making it hard for you to accumulate Bitcoin when you can get that buying, participating in bounty campaign or trading altcoins, mining is for hobbyist only if you are a hobbyist and an speculator then continue what you are doing.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
acidrush
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
June 20, 2019, 05:25:40 AM
 #17

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you


You can mine with nicehash with your 1080ti and get paid in bitcoin.
huntingthesnark
Member
**
Offline Offline

Activity: 342
Merit: 24


View Profile WWW
June 20, 2019, 08:49:30 AM
 #18

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you

Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value?

Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true.  



If you think about future value, why not buy the coins directly?
Like Metroid said a hundred times, you can buy your coins, and hold, if you´re mining for future prices, you're doing wrong


Indeed. My point is that creating a calculator that incorporates 'future value' is quite an undertaking - you may as well ask for a tool that predicts the lottery numbers, or the winner of the next Grand National.

It's basically shouting 'I want a magic wand' at the internet...



For the latest Crypto news and alts info check out https://coinsjar.info/
swogerino
Legendary
*
Offline Offline

Activity: 1540
Merit: 1029


https://bitcoin.watfordfc.com


View Profile
June 20, 2019, 09:25:06 AM
 #19

I think that you answered yourself when you say that you will make money when bitcoin will go 100.000 dollars.I am one of the persons doing the same,I have mined at a loss and now I am mining in profit with Rx series cards.

Mining is more alive than ever now with the bitcoin price over 9000 dollars.

  ▄▄█████▄▄███████▄▄
███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
▀██                   ██▀
 ▀██▄               ▄██▀
   ▀███▄▄       ▄▄███▀
      ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
  CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!