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Author Topic: Mining profitability  (Read 1402 times)
cryptolaxy (OP)
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July 20, 2014, 07:22:59 AM
 #1

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Equate
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July 20, 2014, 08:23:41 AM
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If you want to buy mining hardware then buy from the manufacturers who have Asics in their hand like gridseed etc. Don't go for the preorders as there is no exact deadline for asic release and chances of ROI become slim as long as these companies delay shipping.
byt411
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July 20, 2014, 08:25:41 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
cryptolaxy (OP)
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July 20, 2014, 08:37:41 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.
byt411
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July 20, 2014, 08:38:48 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Depends on what you want to invest, and what returns you want. Also, period of time.
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July 20, 2014, 08:43:39 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Do your research very well before investing in cryptocurrency. By looking at your post , it seems you have very less about investing in crypto. Don't get with hype , as many people end up losing their money who don't know what they are doing with it by investing in any pre-order or scam coin. Read more about the crypto investment before investing your money . And don't listen to anyone who sells you any altcoin or miner before you do your homework on the subject.
cryptolaxy (OP)
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July 20, 2014, 08:44:02 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Depends on what you want to invest, and what returns you want. Also, period of time.
I'm new in this, what would you suggest?
cryptolaxy (OP)
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July 20, 2014, 08:48:55 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Do your research very well before investing in cryptocurrency. By looking at your post , it seems you have very less about investing in crypto. Don't get with hype , as many people end up losing their money who don't know what they are doing with it by investing in any pre-order or scam coin. Read more about the crypto investment before investing your money . And don't listen to anyone who sells you any altcoin or miner before you do your homework on the subject.
I could use some advice from you on what to invest in.
byt411
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July 20, 2014, 08:50:15 AM
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In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Do your research very well before investing in cryptocurrency. By looking at your post , it seems you have very less about investing in crypto. Don't get with hype , as many people end up losing their money who don't know what they are doing with it by investing in any pre-order or scam coin. Read more about the crypto investment before investing your money . And don't listen to anyone who sells you any altcoin or miner before you do your homework on the subject.

I'm just going to give him personal opinions and guide him through pros and cons.

In my opinion, you shouldn't because you sound like you have no idea on this subject, and you probably shouldn't put money into something you don't understand. You might as well give it to me.
I could give you the money, if we can discuss how you'll make an investment.

Do your research very well before investing in cryptocurrency. By looking at your post , it seems you have very less about investing in crypto. Don't get with hype , as many people end up losing their money who don't know what they are doing with it by investing in any pre-order or scam coin. Read more about the crypto investment before investing your money . And don't listen to anyone who sells you any altcoin or miner before you do your homework on the subject.
I could use some advice from you on what to invest in.

I invest in some altcoins that I believe will rise, and I do a bit of mining, if I am 100% sure I will profit. If not, no.
TheDragonSlayer
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July 20, 2014, 01:32:20 PM
 #10

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

cryptolaxy (OP)
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July 20, 2014, 01:41:30 PM
 #11

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

Any ideas on any profitable scrypt cloud mining service?
byt411
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July 20, 2014, 02:51:46 PM
 #12

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

Any ideas on any profitable scrypt cloud mining service?

That depends on your electricity price. You can't just pick up something and say "this is profitable".
cryptolaxy (OP)
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July 20, 2014, 03:04:00 PM
 #13

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

Any ideas on any profitable scrypt cloud mining service?

That depends on your electricity price. You can't just pick up something and say "this is profitable".

Yea. That's why I'm here for guidance. Could you guide me or recommend any service?
byt411
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July 20, 2014, 03:08:35 PM
 #14

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

Any ideas on any profitable scrypt cloud mining service?

That depends on your electricity price. You can't just pick up something and say "this is profitable".

Yea. That's why I'm here for guidance. Could you guide me or recommend any service?

Well, what is your electricity price? I need that for calculations.
cryptolaxy (OP)
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July 20, 2014, 03:47:15 PM
 #15

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!

Not profitable at all, I believe it is worse then sha-256 asic right now..

Any ideas on any profitable scrypt cloud mining service?

That depends on your electricity price. You can't just pick up something and say "this is profitable".

Yea. That's why I'm here for guidance. Could you guide me or recommend any service?

Well, what is your electricity price? I need that for calculations.

I have free electricity.
dspair
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July 20, 2014, 04:10:25 PM
 #16

Only ASIC manufacturers can make money from mining.
And buying altcoins is like playing a slot machine.
Good luck.
cryptolaxy (OP)
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July 20, 2014, 04:14:14 PM
 #17

Only ASIC manufacturers can make money from mining.
And buying altcoins is like playing a slot machine.
Good luck.
What do you advice I do?
dspair
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July 20, 2014, 04:18:48 PM
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Nothing.

"The only winning move is not to play."
cryptolaxy (OP)
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July 20, 2014, 04:22:36 PM
 #19

Nothing.
Sad
djm34
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July 20, 2014, 04:39:48 PM
 #20

Hi, I wanted to know if mining alternate cryptocurrency is profitable. I intend to preorder some scrypt mining hardware from KNC.
Please advice me.


Thanks!!
nope go away  Grin  Wink
(actually the more people mine them, the less profitable they are... so your question is a tricky one...  Grin)

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