How To Investing In Cryptocurrency Reddit Ethereum Mining Gpu Compared

If so, what is the reason? The days of huge profits are gone. It's not very scientific, but forecasting difficulty changes is almost impossible and makes calculations difficult. So is it really that much better to buy the coin? You could possible hit ROI much sooner, right on your estimate, or perhaps it make take longer. Use of this site How To Investing In Cryptocurrency Reddit Ethereum Mining Gpu Compared acceptance of our User Agreement and Privacy Policy. Same thing with video editors and architects and engineers and anyone that needs Free Bitcoin Hack 2018 Nsgminer Litecoin and has a relatively fast internet connection - it could be technically done divide a task up into x chunks, render them individually on correctly synced encoder servers minerssend them back for stitching. But the people who keep mining Set Up How Genesis Mining Trevon Set Up Altcoin Mining Hardware For Sale cheap coins until the next bubble are the ones who will make the big money. They are all in the Ethereum Enterprise Alliance, you can read more here: Your price is not that awesome on a card that isn't that awesome for mining plus 6 weeks wait??? Burst was that size about a month ago. I tried my own overclocks and there is my results:. You can wind up paying as little as a couple hundred bucks depending on which state you're in. If I profit, great. I'd be happy with mining for another months. The market recognizes it and reflects it in the price. Anybody that wants to invest or speculate in the coin will take into account things like the strength of the network and the utility that the token provides. Ethereum Cryptocurrency Vr Cryptocurrency all you want to do is try to fight I'll do the math for you. There's no sense to spend money today to buy more mining hardware it's different if you have the hardware already, eventually used for other purposes and you can recover the electricity cost for a little profit. I just have one I use to mine when not using my gaming rig. And knowing that you will get to ROI is nice I think we can agree that you get. I have 4 mining rigs but I didn't pay for them and I'm not Which Crypto Hash Algorithm Is Bitcoin Best Bitcoin To Litecoin Exchange for electricity. In fact, if you think a currency will go up in price, it's strictly better financially to directly invest in that currency than build a rig to mine it. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing. Unreal how delusional people are with GPU mining nowadays.

One of the major factors in my opinion to Ether taking off this year was companies investing in Ether like Microsoft. Personally Im still mining because I like tinkering with PCs my other half won't notice the electricity bill going up, but wouldn't be happy if I dropped money directly on the coins I have other uses for graphics cards I want to support the networks. I haven't done Buy Bitcoin With Debit Instantly Litecoin Difficulty Calculator math on that GPU so I'm taking your word for it. I'm dying Bitcoin Predictions For Week Ebst Ethereum Mining Gpu get back into mining, but I can't see how it can be profitable. Half the fun is being able to rant constructively and make it look like a semicoherent argument. I have never seen anyone actually back up these numbers. How do you know you wont have near term maintenance issues with used equip? All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: I pretty much did no math. I also don't How To Investing In Cryptocurrency Reddit Ethereum Mining Gpu Compared everyone's obsession with recouping the full value of the hardware as if there's no money to be made without paying off the GPU. Running a gpu Bitcoin Security Algorithm Minerd Litecoin is a lot of work if you've never worked with server parks. Anyway if i decide to buy some coins for the future, why is ETH prefered over bitcoin. I'm a programmer by schooling. So if it's a slower difficulty path, that might be my best Future Bitcoins How Many Ethereum Can You Mine.a Month after the next ETH increase. My example was just to get to a rough estimate of "absolute best case". You will otherwise be banned for supposed shilling at the discretion of moderators. And if you'd bought bitcoin at that time you'd have doubled your investment ; let alone i've purchased something with value hardware as supposed to a virtual currency that its value can be cut overnight That is true, but remember to take into account that the value of the used hardware will fluctuate with supply. Want to add to the discussion? ETH and most other coins are down in price this may be a better opportunity to just buy coins. Of course, there will be always people buying them without have spent 10 minutes to do a simple calculation most people aren't even aware of the adjusted difficulty , only because they have read how easy is to do money with crypto currency or because that nerdy youtuber said it's "cool" If you hold and mine, I'm sure you'll be fine. You'd be better off spending the k on hookers and blow Do not just post a list of components asking for suggestions. What you're generating right now might not be worth a lot, doesn't mean it won't become a lot. See how it runs. And the worst part nowhere did I ever talk about ROI just a snapshot of how much each mining is making at that time. But just my own opinion and situation. The game's not over when ethereum is unprofitable. And you can't tell me I am not getting per day when that what I am getting. Which is just a way of saying that people tend to approach problems with the skill-set they already have instead of developing new ones. I learned ALOT after one rig. When confronted with the possibility of generating value their solution was to throw Hardware at the problem. Similarly, simple questions belong in the "Simple Questions" monthly thread. I've used 3 calculators all predicting i would earn 3k a month at the current difficulty rating. But yeah I guess it would be a big time hog. Submit a new link. If a clairvoyant posts here with the answers, doubt them. Only the large miners are able to keep up with the growing difficulty. All new - Amazon delivering everything in terms of the actual rig, the GPUs I have sitting at home waiting to go when they come in the next couple of weeks. I started at this seriously last november with just an old pc and a single RX and just kept reinvesting money into hardware. I keep running ROI calculations on my proposed setup, and at first I was quite disheartened. I am making about as much as I made when I was changing algorithms every other week, which leads me to believe that the data on some of those calculator sites is incorrect. Very spot on reply, one thing tho, I think there are projects like Golem aiming at allowing people to sell their computing power for "actual computations" like graphical rendering. Check out if it's something for you. Log in or sign up in seconds. Welcome to Reddit, the front page of the internet. I've learned too goddamn much about bat files, the startup folder, memory page files, overclocking via Afterburner, the power options in Windows, comparing miners, fans, ventilation, what to look for in a gpu, how to min-max shit, etc. When i ordered my lambo i was really shocked that i have to wait 3 months till arrival. Ubiq is like Ether but designed for business, and Signatum is a very advanced new crypto that has the best of everything.

The problem is when you promote it with unrealistic math that immediately decays as is clearly evident in almost all of the cryptocurrencies then you're giving people a false sense of value when the real value is not in mining but in the long-term utilization In Bitcoins How To Mine Ethereum Classic the token because of what it does such as require little power to confirm transactions or use off-the-shelf commodity Hardware versus high end gpus or even dedicated Asics. It makes a lot of sense. Look at the difficulty charts and you have a good projection of what will be your future profit, even by taking in account of Byzantium that is a ETH thing only. I'm just thinking my head is up in the clouds, and I want to go about this in a smart way. Legalzoom is shit, but I can vouch for swyftfilings. I said that mine was That is great to hear, I will have to look into. The game's not over when ethereum is unprofitable. Your rig will likely never ROI at Breadwallet Cryptocurrency Wallet Using Crypto Hardware Wallet Day To Day starting point. Become a Redditor and subscribe to one of thousands of communities. Well, if you think of the whole affair as an entirely a business venture, then you must consider the basics of investment. Why do you need payback in 6 months to be considered profitable? But that is literally one project, and it's not well supported. Rest of us mine where we live. Become a Redditor and subscribe to one of thousands of communities. If anyone wants to promote burst and do it by talking in the context of mining then they have to be realistic about how they present whether or not someone should mined one thing or another if it involves buying new hardware and the only way to do that across dissimilar things is to simplify it down to the ROI. Submit a new link. Do not just post a list of components asking for suggestions. Some people mine just to support the currency. At those prices, ROI seems pretty achievable, even with the difficulty skyrocketing. Piggy-backing off of this comment: Pigeon coin is a scam, fight me self. Not trying to ridicule you here, just wondering what made you buy into something basic calculations should've said no to immediately. If you are going to set up a mining farm, make sure that it can mine more than just one coin. Quite a bit different from your values. Here in Alberta, Canada roughly 9 cad cents per kWh. I have a chance to order 8 evga GTX 6hb miner edition graphic cards for 2. Can someone sell me a house that will pay for itself in 6 months? A common version of her story relates how, in an effort to seduce her, Apollo gave her the power of prophecy: This came to me last night and I put it together fast. After doing the math and everything, it seems extremely profitable as long as the price of ethereum doesn't go down and even then it can still be profitable. Difference in performance between and ti? For most miners, 50k is actually quite a large investment, so having someone new to the subject come along and call it small is of course going to elicit negative responses. So when ETH mining dies due to profitability or Proof of Stake, you can mine something else efficiently. Not to boost myself up but i'm on the techie side of things and even then I didn't even ventured on crypto currency that time as it's just so in the air and it'd be extremely risky to go deep in a technology in its infancy. Excluding the ROI on these currencies and considering an eventuality of a market crash for whatever reason, I understand that the value of my hardware will most likely evaporate as everyone will be flooding ebay with their GPU's and i could lose a significant amount of value from my initial invested capital. As far as performance, GPU is the only thing that matters. Good luck to you my friend. Under current conditions I would not recommend starting to mine. Of course, I bought my 6 s in the madness and paid a premium, but to me and many others, I'm sure it's a fun hobby that I've already mentally written off the cost of as "probably not recovering". If you're ok mining coins for a loss down the road with the HOPE that they hit, sure it's a fun hobby. Nope, there has been a big influx of interest in mining.

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Become a Redditor and subscribe to one of thousands of communities. If your power costs are higher than average it will be longer. If you do go for the dual psu make sure you buy the add2psu adapter. But remember that you still have the mining rig you paid off. If you have any doubts on whether or not mining is profitable, use this graph and pick a day say, 1 year ago, and find what the difficulty was for that day along with the price for ETH. Calculate how many coins would be earned if your numbers were average and I pray you finally figure out that more coins would be earned by the network than generate by the network based on current forge rewards. Log in or sign up in seconds. Try not to be so defensive and thin-skinned and take a look at your original post which was about trying to find a way to promote burst. Have a nice day cuz I'm done trying to get you to listen to basic facts and try to understand the math. But the people who keep mining the cheap coins until the next bubble are the ones who will make the big money. I am not concerned a lot about the revenue since it fluctuates a lot and its seen as high-risk anyways. Join our Discord Server: What about costs to upgrade gpus to keep up with difficulty, etc? Log in or sign up in seconds. As for the regular s, how do they do? A common version of her story relates how, in an effort to seduce her, Apollo gave her the power of prophecy: If you believe that coin will go up Please do your own legwork before looking for handouts. Could I have built a cheaper rig? That is what I forgot to say, it was bugging me because I knew I forgot to mention something lol. When the market crashes it might, it might not , a lot of people are going to stop mining because the electricity will cost more than the coins being generated. If I scaled up and had more than of the same GPU then Hashrate obviously increases but so do my initial equip costs. Welcome to Reddit, the front page of the internet. Just like there are many other ways. And eth price doesn't go. There's also people who swing the other way still spouting month ROI. So if it's a slower difficulty path, that might be my best bet after the next ETH increase. See Simple Questions Thread. And then there are the speculation on the currencies themselves, which is at least 10x greater in terms of money invested hence the creation of futures and why you don't see miners talking about signing futures contracts. I honestly believe the price is low for Ethereum right now, if you're a patient type of person What Is The Destination Tag On Poloniex Xrp Withdrawal Chromatic Crypto Fund can handle the stress of the ups and downs I'd buy the ethereum and "hodl". But you're right for smaller scale, like What Cryptocurrency Should I Buy Learn Day Trading Crypto 10k. Yes, you need to buy the ETH for the same amount of the estimated hardware devaluation, not for the same amount of the total hardware cost, otherwise the investment would be unbalanced. It's probably just as viable if not better to purchase a Bitcoin on one of the exchanges and break it across a mix of three or four altcoins and let them a ride for a. I will update that to have one. There are no serious engineers in play, just moderately competent programmers sometimes doing occasional work on coins. I'm dying to get back into mining, but I can't see how it can be profitable. I'd say buy one miner to learn How To Investing In Cryptocurrency Reddit Ethereum Mining Gpu Compared buy ETH with the rest. Back in July Bitcoin Miner Online Software Eos Built On Ethereum build my first rig thinking its going to be fine and if market crashes I can sell my rig's parts. Submit a new link. I tried my own overclocks and there is my results:. Indeed you're not sure what I said, because you don't understand the proportion of the investment hence the riskthe equivalence is when you potentially earn or lose the same amount of money FIAT while mining and while purchasing the coins. I'm looking for the downsides. The GPU bubble has burst. Interestingly though, with the 'dynamic difficulty', it seems like because of how hard it becomes, I'd need to keep adding more hardware to keep up, right? In the worst case scenario crypto market crashes and the coins become worthless. I like your approach mate, it's just like mine! I've done the algorithm switching and "chasing the dragon" if you will, but I've always come back to mining Ethash as it has been the most stable for me, has good pools, and great software with explicit documentation. Small is a relative Bitcoin Merkle Tree Hack On Ethereum and really has no value in the discussion if you've already identified the amount you wish to discuss investing. Just last month its was kind of meh, then Nicehash went down and its killing time. This is a great Cryptocurrency Holdings Price Of Ethereum Now for vs Ti discussions:

Im afraid the market will get flooded with GPUs and we will have to sell "cheap". Use of this site constitutes acceptance of our User Agreement and Privacy Policy. If you want to speculate on crypto then sell your mined coins for what you How To Win Every Time In Bitcoin Gambling Ethereum Mist Slows Internet Connection is going to grow the. With farm you have to wait a year or even more just to have a probability of breaking even on your initial investment in the hardware LOL HOW Are you even asking this question. Thanks for the quick reply! Thanks for taking the time to post here, after reading for weeks and taking in everything I can, it's absolutely astounding how much I still don't know, so everything helps. If you want to talk about potential profitability, that's fine, but it still remains a fact that no actual profit is made until you can exceed the ROI. ETH has almost 14x as many gpu's as Monero, and Good Bitcoin Miner Software Litecoin Euro more than the sum of every other mined coin available. Plus it makes transferring money and data over boarders easy and cheap. Nevertheless, the good mining GPUs have all been bought, so people must still be buying them to. Burst was that size about a month ago. Kept it in the box so I could return it in case I didn't find any more graphics cards. How are they tied together? I'm done with this conversation. IMO, do what you want. The problem is when you promote it with unrealistic math that immediately decays as is clearly evident Bitcoin Price Prediction 2018 11k Litecoin Ethereum News almost all of the cryptocurrencies then you're giving people a false sense of value when the real value is not in mining but in the long-term utilization of the token because of what it does such as require little power to confirm transactions or use off-the-shelf commodity Hardware versus high end gpus or even dedicated Asics. People be like "you'll never hit ROI! At least, I'm not. If you have a decent computer use that one first. Maybe I did not learn about how to write a miner, but I definitely learned something. Mining at this point is only seriously profitable for mine and hold IF - IF - there is a future jump in value caused by market forces like a split or increased public interest. All new - Amazon delivering everything in terms of the actual rig, the GPUs I have sitting at home waiting to go when they come in the next couple of weeks. You can mine using nicehash and buy Ethereum with profits or keep the Bitcoin. Isn't that all that matters? Did you say the same thing about ETH when it had a low marketcap? It is profitable if you already bought the hardware. Become a Redditor and subscribe to one of thousands of communities. Would you recommend a split between AMD and Nvidia? We have a power availabilty at rates of USD 0. If you hold and mine, I'm sure you'll be fine.