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Author Topic: Only have enough $$ to buy one mining rig... SHA-256 vs Scrypt Mining?!  (Read 12290 times)
philipma1957
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April 09, 2016, 01:01:26 PM
 #21

The op is long gone and this was a 2015 thread.

But with eth coin gpu mining now can make money again.

There is a lot in favor of gpu alt coin mining if you game and have a gaming machine you will discount your gear.

If you build a rig correctly it can last for years .

My ltc rig sat on a shelf for more then 18 months.  I finally got around to firing it up and mining eth coin.
Cost was zero. Now the rig is earning money every day.

Do I think I should build a lot more rigs no I do not but I will run this until it no longer earns a profit then shelf it.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 09, 2016, 05:25:14 PM
 #22

The op is long gone and this was a 2015 thread.

But with eth coin gpu mining now can make money again.

There is a lot in favor of gpu alt coin mining if you game and have a gaming machine you will discount your gear.

If you build a rig correctly it can last for years .

My ltc rig sat on a shelf for more then 18 months.  I finally got around to firing it up and mining eth coin.
Cost was zero. Now the rig is earning money every day.

Do I think I should build a lot more rigs no I do not but I will run this until it no longer earns a profit then shelf it.

The problem with shelving it was you put nice video cards on a shelf for 18 months, that means they lost value sitting there as new generations of GPU's come out.  And they do always keep coming out with new GPU's.

I personally am more likely to sell GPU's (which I did on almost all my rigs) and buy back in if I want.  ETH has a lot of fan's but has not convinced me to build any new rigs/buy back GPU's.   And I could be missing a big opportunity... but I have a hard time shelling out for GPU's at current point.  I would need to see long term gains personally.
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March 09, 2018, 01:28:26 AM
 #23

it seems like this is a topic for the ages. I decided to go with Scrypt because of the lower power and more variety of coins. I like litecoin more as well at the moment. I have offices where I can run the machines so it at least can cover rent and electricity. I would consider what your options are. Mining is more of a hobby rather than an investment. I still like Baikal Miners since they are multi-algorithms.

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