> he isn't making 3000$ a day mining bitcoin in a warehouse. > he doesn't trade with his mining profits to grow it even more.
Why even bother living. I fucking laugh at all you idiots who say mining only works with cheap electricity. Want to know the best part about it? I scaled up to where I am now with only 3 of pic related starting out.
By the time you get your shiny new asic it's been 3 months and difficulty has left you in the dust.
Tyler Morales
I'm just trying to make fellow anons aware of the potential gains. One of these pic related is making me 46$ usd a day mining bitcoin cash. It's really a fucking money printing machine
Jacob Russell
>Mining >2017 >12.5 BTC block rewards >Everyone moving to PoS
Evan Wilson
Post a pic of the miner with timestamp, or this is just another LARP thread
Isaac Diaz
return on investment is shit. resale value is non if a newer model comes out.
Hunter Ward
hahah just got mine and it's working beautifully
Colton Walker
Someone has 50 like 100 miles away for $1500 new with the power supply.
Scam or??
I'm considering it I only have 3000
Jason Evans
revenue or profit
Matthew Green
paid $1600 for mine with PSU with shipping, current daily is, being very conservative, $40 a day.
Simple scenario is 40 days to ROI, then it prints money.
Okay more complex. If I had put 1600 onto BTC, which is what I would have done had I not ordered it. That would ~3000 right now, then have to do a more complicated formula that would adjust for the increasing value of BTC. So lets be very conservative and say bitcoin quintupled by the time 90 days have passed since the miner arrived and the profit per day didn't increase 1:1 with increase in bitcoin price. Say .75:1 on bitcoin price increase.
Then we're looking at 8000 opportunity cost to obtain the miner and mine with it for 90 days. Let's assume a linear growth rate just to make things simple. Hope LaTeX works on biz as well as sci
$sum_{n=1}^90 [\frac{160n}{90} +40] = 10880$
Carson Sullivan
gamble if you want to. make sure you can actually store and power the things.
Daniel Howard
Are we talking about the S9? Says coming soon on the site.
Christian Powell
Makes no sense, there are much more profitable coins to mine.
Parker Wood
honest to god I'd believe you if you said monero. Did you guys see the dude who spent only 1.2k on equipment and is pulling 3 monero a month now?
Elijah Jackson
Craigslist scam for sure. NO ONE besides Bitmain is selling for that price.
Colton Sanders
>gamble if you want to. make sure you can actually store and power the things. I have very safe places that are 100% if i pay electric. seems like a good idea
Samuel Stewart
what did he do? scrape together some old server parts? shit's cheap af
Mason Allen
>Latex >Veeky Forums This fagots can't even benchmark their shitcoin gains on Excel vs BTC
Daniel James
He bought like 25 graphics cards at a warehouse clearance auction for $60 and he BIOS flashed them and they pull like 150h/s and then he bought a bunch of old computers at that same warehouse auction for like 1.1k and is running those graphics cards in those. user basically made his initial investment back in a month and he claims to have been doing this for a year
Joseph Long
A question Im not nessicairly interested in mining for money. but are miners also considered nodes?
Im very much interested in blockchain technology, and I would like to participate in it as far as being part of the chain.
I feel this cryptomarket is going to boil over and many of the companies putting out cryptocoins and tech will most certainly just take the money and run, or they will fail miserably and give up half way as is the milllenial thing to do, just half ass everything and try to get other to do the work for you.
Luis Walker
i know where i'm taking my gains
Dominic Fisher
Sorry that 160 should be a 150 making the 10880 a 10425.
Also it should be said those numbers are fairly conservative, as that would put bitcoin at 50k per in April, and assumes linear as opposed to exponential growth. Exponential growth is what we see from BTC not linear, so since the area under the curve for exponential will be much less than the area under a linear curve, my estimates are actually under estimates.
More explosive growth in bitcoin is better for a miner's profitability as the hardware takes longer to produce, read the hash rate takes longer to go up than the price.
Kayden Fisher
Can someone give us a quick rundown on mining? And is it possible to mine ETH tokens like LINK or REQ?
Michael Rivera
i bought mine straight from bitmain when they restocked. i suggest waiting for them to do it again because 99.99% of people selling theirs for retail are scamming you
Easton Martin
You'd be better off doing monero seeing it's CPU mining ability. Hypothetically he was getting 2400 h/s from his computer farm + his main rig going in at 2600.
Kevin Powell
How do I set up a mining rig? (What hardware) Where do I source electricity? Do I need to lease a warehouse?
Bentley Watson
I mean you don't need a warehouse lmao as long as you have a source of power and a computer you're good to go.
Ryan Bennett
more importantly can you still be a part of the chain even if you don't have a rig that can actually mine bitcoins. or do you need to be constantly competing for first place to have any say at all in the blockchain?
if thats the case then hardware is going to skyrocket
Aaron Morgan
Are you sure? Every time I tried to mine it took forever, don’t you need to create a mining rig? It’s a large power usage isn’t it?
Logan Thomas
I make $288 a week staking Ark. I didn't have to preorder used bitcoin or litecoin miner that takes a year to arrive and would kill my electricity bill.
Michael Robinson
Probably used and about to die
Kevin Gomez
What are you trying to mine?
Brayden Roberts
Monero
Angel Watson
>asics >not glorious vega 64 rig
Stay poor hashlets
Nathaniel Torres
you should be pulling .01 monero on a half-decent rig every three days. If your hashrate is at least 400h/s.
Angel Phillips
How to deal with high electricity usage?
Blake Howard
>400h >rig
That's the hashrate of a shitbrick gpu
Tyler Johnson
Calculate and estimate profits, take into account value increase of coin.
Joseph Gomez
Used obsolete antminers are currently fetching near original price, yes it is retarded, but this is what is happening.
Thomas Barnes
I mean more so what to do if landlord doesn’t like the usage? Do I need to lease a commercial space to use?
Brayden Mitchell
Okay autist-- let me say, "desktop computer".
Dominic Peterson
when i try to mine monero on my gtx 1070 i get this error
GPU #0: GeForce GTX 1070 (15 SMX), using 40 blocks of 8 threads GPU #0: Warning: block count 40 is not a multiple of SMX count 15. #0: FATAL: failed to allocate device memory for long state
Any ideas? I'm using ccminer.
Blake Evans
>take into account value increase of coin
no, this is absolutely fucking wrong. all that matters is your margin, if there isn't one now then you just have bought the coin instead of wasting money mining it.
Hunter Bailey
Hey user I have a 4x1070 rig and I used to use nicehash until it got hacked, now I use winminer
I read that whattomine is inaccurate because by the time you mine enough to cash out of your pool the price of the shitcoin it told you to mine already crashed. Is this true? How do you mine for the most profit?
Sebastian King
Do you use your gpu while mining?
Colton Robinson
>where I am now where is that?
Jason Rodriguez
It does only work with cheap elec you hillbilly
William Gomez
no, only application open is chrome.
Elijah Moore
whattomine is for nonhashlets who switch algos daily with profits made
Michael Lee
try 30 / 8 in the config
Jordan Harris
the total number of (blocks x threads x 2mb) can't be larger than the total VRAM of the card
try 30 blocks
Ayden James
what do you mean? you need a bigger farm for it to be worth it?
Carter Garcia
Will the S9 even be worth it in two months when I can get my hands on one?
When is the S10 coming out.
DragonMint better?
Aaron Price
being "worth it" just means you pay for electricity and 1/180 of your hardware cost daily.
With more hashrate though, you can switch algos daily while making consistent chunks of coins
Julian Hughes
[2017-12-17 21:32:21] GPU #0: GeForce GTX 1070 (15 SMX), using 30 blocks of 8 threads [2017-12-17 21:32:21] Starting Stratum on stratum+tcp://monerohash.com:3333 [2017-12-17 21:32:21] GPU #0: FATAL: failed to allocate device memory for long state
no luck :/
Isaiah Wright
I wouldnt blindly transfer to Dragonmint seems a vit like a scam, bitmain works with uneven Numbers 7,9 & the new one Will probably be 11.
Andrew Rogers
How come these can only mine bitcoin?
Jonathan Morris
need to update CUDA from the nvidia site
Xavier Brooks
I tried that last night, downloaded and installed 9.1.85. Was I meant to do something else with it?
Adam Roberts
Is it possible to get one under 2k? I only found s9's for over 4k
I think Antminer will release a new model by Q2 next year to compete with Dragonmint.
Ayden Brooks
What driver are you using? Did you flash the card?
Aaron Rodriguez
bumping for an answer.
I don't care about making money. I just want to be a part of the block chain. Can I do this? Or do I need an investment in order to be part of the blockchain?
James Russell
>he doesnt have miners running inside his workplace
Josiah Jenkins
>working
You aren't mining correctly user
Thomas James
kys
Henry Fisher
I think youre not mining correctly
>Work get regular pay >Have your miners running at work >You profit from both work and coins since you arent paying the electricity
Brandon Turner
Technically speaking Satoshi only considered miners to be nodes. If you didn't mine he didn't consider you a node.
Jose Baker
Those shits are loud as fuck and can heat up a room
Logan Nelson
Isn't Dragonmint a scam?
Wyatt Miller
this got it working thanks heaps dude you're a legend. what's a good hashrate meant to be? i am getting 310-325 H/s
Ethan Hughes
GMO is also releasing 7nm chips. that are like 1/3 as much power
Charles King
you never profit from work when you account for life depreciation
Austin Baker
Don't mine monero with 1070's though. Dl oneclick miner or mine ethereum.
raise memory by 650mhz and downclock core
Christopher Gray
or instead of buying expensive equipment you could have bought the shitcoin itself and make much better ROI
Dylan Torres
a dumb web calculator gives 500h/s for that card but i find it's more accurate overclocked also, i wouldn't mine monero with that card as the other poster says - there are other algos that do better on it
Nolan Price
What do you recommend mining?
From everything I've read monero seems to be the best way to go but electereum (or what ever it's called) gives crazy gains
Im look at mining AE before it really explodes, how do I figured out what GPU suits what coin, or can you use any?
Leo Rodriguez
amd=ethhash/cryptonight nvidea=neoscrypt/lyra vega=cryptonight a beast
Getting 2k hashes per card (vega 64)
Colton Murphy
research + trial and error. get your hands dirty, but don't go around trying custom miners on the same machines that have any route to your private keys. i wouldn't even use these stupid all-in-one programs. as a miner you have to try to think in the macroscale instead of the 5 minute candles like the degen traders. diversifying your mining is also a good thing to do.
Ethan Ortiz
3 monero a month is quite honestly pocket change
Sebastian Smith
forgot equihash for nvidea
Also, any anons bought a silent miner? I just bought a scrypt from some pajeet off cryptopia. How do I set this up? It runs in the background, and I think I just need to put the program in the startup folder of the host.
Alexander Harris
which is why whattomine can be a red herring because as soon as things come under the umbrellas of the all-in-one programs and indexing services, they become part of a profit equilibrium
Brayden Hall
Where do you recommend getting info on all this? A complete picture.
For example Doesn't mean much to me currently (though I understand nvidea/vega etc are models). I seem to only know bits of info.
Also when you say "diversify your mining", is it possible to have a single GOU mine a bit of multiple different coins?
I don't think I'll set anything up until mid next year when I'll have free power
Hudson Brooks
They aren't models, they are manunfacturers you fucking sperg
You only have like, half a dozen good cards for mining.
With 7x 1070 you can make 15-30€ profit (not revenue) daily. Averages at 20
With 7x rx470/570 you can make 10-20€ profit
With 6x vega64 you can make 30-45€ profit
As your electricity price rises, the best choice shifts to the 1070s since they are the most efficient.
Isaiah Torres
google. the worst enemy of the brainlet.
Jordan Allen
>They aren't models, they are manunfacturers Yes I meant that, sorry.
Thanks for the info, Im taking notes of it all. One last question, how often (roughly) do you need to upgrade your equipment to keep pace, or is that not necessary?
Dominic Cooper
16gb gpus aren't coming out so soon, so you got at least 1.5y of mining. That0s just the right window before selling them for more than half of what you paid
Jose Turner
Great thanks a lot.
Obviously I meant a specific reliable site. Wasn't planing on going to the library