[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 1.64 MB, 1440x2560, Screenshot_20180121-130554.png [View same] [iqdb] [saucenao] [google]
6787098 No.6787098 [Reply] [Original]

Not even a nocoiner but mining this late in the game is pretty stupid.

>> No.6787246

>>6787098
or, nvidia can get their heads out of their asses and realize gaming is stupid an pivot to market exclusively towards cryptocurrency miners.

>> No.6787263

Half the coins out there requires mining to work, so if it wouldn't be profitable to mine, it would all come crashing down. The point is, it will always be profitable to mine.

>> No.6787280

>>6787246
>Gaming is stupid

So is crypto.

Opinions are opinions mane.

>> No.6787289

>>6787098
Mining has a 40% ROI per month at the moment.

>> No.6787302

>>6787246
>be game company
>oh look nvidia has released another 20gb vram card
>fire the optimizing team we just use up the 20gb
>manager gets a raise
idk why even bother anymore with pcgaming you get watered unoptimized console ports lmao

>> No.6787312

>>6787289
With what coins

>> No.6787324
File: 211 KB, 632x1952, P3.jpg [View same] [iqdb] [saucenao] [google]
6787324

>>6787246
>>6787280

>realize gaming is stupid
this

why the FUCK would I waste my hard earned life sitting in front of a computer grinding achievements in a game im not even going to play within a year

gaming is for children

>> No.6787385

>>6787098
i should go play games to take my mind off the bears tearing the market to shreds

>> No.6787388

>>6787324
Idk bc you are a joyless incel?

I game a fee days a week already well I to my career and have done well in crypto.

Sounds like miners are just salty.

>> No.6787399

>>6787312
cryptonight for amd, equihash for nvidia

even eth is still pretty profitable

>> No.6787400

>>6787324
Because gamers don’t know how to achieve in life

>> No.6787426
File: 136 KB, 640x480, IMG_2774.jpg [View same] [iqdb] [saucenao] [google]
6787426

>>6787388
>miners making big buck while gaymerfags pay 400$ for shitty rx570

The absolute state of hashlets

>> No.6787432

>>6787324
If you put gaming and crypto holders on a Venn diagram it would be almost 1 circle.

You both trash senpai.

>> No.6787463

>>6787312
>>6787399
Correct. Equihash for older AMD cards. That's why everything above a 280 isn't gonna drop in price anytime soon.

>> No.6787470
File: 479 KB, 1712x1744, p4.png [View same] [iqdb] [saucenao] [google]
6787470

>>6787388
>I game a fee days a week already well I to my career and have done well in crypto
maybe you could spend your time doing something like spending time with your girlfriend, learning a hobby, reading a book, etc

sorry you don't have any interests
>>6787432
>gaming made me 100k in a month

>> No.6787508

>>6787432
crypto holders: brilliant, curious investors who seek to understand new technologies in an emerging market where they take risks and reap great rewards for helping create a better world

gamers: low iq soyboys

>> No.6787513

>>6787470
R/iamverysmart needs you senpai.

Put the fedora away,

>> No.6787533

>>6787470
>girlfriend

>depreciating assets
>bad store of value
>high chance of exit scam

opinion discarded

>> No.6787550

>>6787508
Lmao do you actually believe this.

You really don't think neckbeards arent the major defining group in both groups.

>> No.6787586

>>6787550
Like 5 years ago dude. Crypto is mainstream. The same people who are high achievers in other facets of life have moved onto crypto.

>> No.6787600
File: 17 KB, 480x414, p2.jpg [View same] [iqdb] [saucenao] [google]
6787600

>>6787513
>he thinks gamers arn't the modern ferdora
see >>6787533 for further proof

>> No.6787605

The absolute joyless mensa wannabe attitudes of miners ROFL.

>> No.6787643

NVIDIA know what the fuck is up.
This is just to placate their gamer audience so they buy the next card that comes out with built in defects.

Both NVIDIA and retailers know that retailers will not turn down 1k USD if a miner offers it in a store.

The sad fact is "Gamers" will eat up this bullshit

>> No.6787736
File: 89 KB, 800x420, soybo.jpg [View same] [iqdb] [saucenao] [google]
6787736

>>6787605
>sorry m'lady I cannot come over to watch a movie I have to play DOTA with my friends.

>> No.6787761

>>6787388
I only know one person I can say is invested in mining fully and before he was doing this and acting like an insufferable egomaniac he was the most mellow dude who did nothing, aspired for nothing and seldom ever made enemies. Noone talks to the fucker now and I cant help but wonder if mining is just another outlet for the unexceptional to be something more than below average and we get a good reminder most of these people have few friends because they're the type of poor-to-rich that alienates their own family and previous friends should they of learned socially considerate and acceptable behavior at some point before they hit it big on crypto.

>> No.6787848

>>6787761
wtf are you on about. you literally just turn on your miner and that's it. move on with your life, readjust to more profitable coins as needed.

do you think he's just sitting there staring at his gpu lol?

>> No.6787858
File: 64 KB, 736x551, mining-shipping-container.jpg [View same] [iqdb] [saucenao] [google]
6787858

lol

>> No.6787962

>>6787848
The fellow talks about nothing but crypto, has no fridge or microwave and got kicked out of his parents house since he mined on their electricity bill as long as he could. Before crypto he talked about useless fun shit like anyone else and didnt carry the holier than thou attitude he picked up. He just buys/trade same day/same week every day every hour. Its made him into a shell of the person he used to be but if hes happy I guess im happy for him.

>> No.6788029

>>6787508
>seek to understand new technologies

kek

>> No.6788086

>>6788029
Half of this board can't even tell you what half the coins do

Lmao

>> No.6788092

>>6788029
kek. I said it as a joke, but some of us actually have to read the white papers and do our due dilligence to make sure it's not a scam before it's shilled to you guys.

>> No.6788130

>>6787736
>sorry m'lady I cannot come over to watch a movie I have to play DOTA with my friends.

nothing wrong with this
t. haven't played a video game in at least 2 years

>> No.6788181

>>6788086
...but you guys said it was going to the moon and x10 in a few days!
I like how people on here go all in into shitcoins they know nothing at all about and then complain a week later because the thing dropped like a stone.

>> No.6788205

>>6787098
>mining this late in the game is pretty stupid.

>we will never go back to the old days of just waiting for a new coin to pop up on bitcointalk so you can be one of the first few miners
>ywn be able to mine ~150k doge off of a single 660 ever again

>> No.6788283

>>6787962
The guy was mentally fucked before he started mining. If it wasn't mining rigs, he'd be shitting his life away doing something else.Don't try and pretend mining ruined him, he was fucking broken to begin with.

>> No.6788304

i'm making between $10-15/day with two 1080 ti's i got for $650 each on ebay. not a huge amount of money but getting paid out in eth and i really believe eth will be going to $5000 end of year. so that $10-15/day is more like $50/day if that happens. electricity works out to about $2.50/day.

>> No.6788326
File: 172 KB, 600x450, 1511237521886.jpg [View same] [iqdb] [saucenao] [google]
6788326

I'm in the market for a 1080ti. Wheres a good place to pick GPUs now? Chinese retailers?

I'm not paying $1K for tech that is about to be replaced thats for sure. Might aswell wait for the 2080 or go for a Titan V.

>> No.6788434

>>6788086
That's because there isn't a single coin out there that does a damn thing.
>b-but muh overstock.com with btc
It's all speculation, not investing in a future currency, for a reason.

>> No.6788457

>>6788326
I live in NZ and theres still plenty of gpus in stock with retailers.
They're overpriced but fuck they still pay themselves off in 100-150 days

>> No.6788496

>>6788434
https://www.stateofthedapps.com/

>> No.6788505

>paid $200 for a rx290 years ago
>still maxes every game at 1440p

>> No.6788650

>>6788283
If it wasn't mining, It would of been something else that is an outlet for the unexceptional to feel superior about something and get all uppity over. It's less the individual case and more wondering if some of the shittier behavior that seems consistent among cointraders is brought out by them being above average for a change and it going to their already full of passive aggressive rage head.

>> No.6788969

I have 3 rigs with 8x GTX 1080s each. I've made on average $213/day selling everything I mine once a day.

I've literally paid off one card every 2-3 days depending on market fluctuations. I then roll the profits into my holds (VEN, WTC, ETH) and cash out enough to pay power costs which is on average $200/mo @ $0.04/kwh.

My ass it's not profitable.

>> No.6789348

>>6788969

getting hands on 24 1080's now....

@ 800 a pop on ebay

19,200

Plus another 1k to build each rig, call is 22K startup cost.

103 days at 213 a day to break even.

Is it really that simple, 100 day payback is not bad...

>> No.6789363
File: 71 KB, 540x540, DJkg0_1XUAUrFsl.jpg [View same] [iqdb] [saucenao] [google]
6789363

>>6787098
Bullshit. I mine VTC and Myriad. Both are merge mined with Unitus. I also mined Burst coin with a few External hard drives awhile back. Four fucking coins with one standard Gaming PC. OP is just salty. Of course mining the coins that have already mooned isn't very profitable. Don't be a brainlet, mine coins that are still cheap and easy to acquire, and wait for it to moon.

I mined 20k Bytecoin back when it was $0.001 and quit once the difficulty started to go up. That shit has since gone up 1000% in value.

>> No.6789420

>>6788969
Why sell everyday? Why not sell once a week during price peaks? Honestly curious

>> No.6789452

>Its the late game

Its estimated it will take over 100 years to mine every bitcoin.

>> No.6789454

>>6789420
>Why sell everyday? Why not sell once a week during price peaks? Honestly curious

bird in hand...

>> No.6789470

>>6787324
This. Gaming is for children. If you are an avid gamer, you are a child - regardless of how old you are physically. I'm glad that /biz/ seems red pilled on gaming more than most other boards.

>> No.6789475

>>6789363
What soon-to-moon coins should I point my rigs at?

>> No.6789563

>>6789452

it less than 2k coins a day right now.

and the halvening hits in 2021, the block rewards gets halved again. and halved again.

its supposedly like 2140 before all coins get mined becuae the block reward halves on known intervals.

At some point, it will litereally be a 1 coin reward which millions of dollars of computational power will be competing to win, so in theory anyways the prices of that single coin will be millions...

>> No.6789598

>>6789475
>What soon-to-moon coins should I point my rigs at?

its 100% speculation anon.

sumo, pirl, bullwark?

turtle, garlic?

>> No.6789639

>>6787263
>what are power bills

>> No.6789649

what the fuck are you guys mining

>> No.6789665

>>6789598
I've got a small number of cards for such purposes, they're getting tired chipping away at HUSH & BTCZ.

>> No.6789706

What can I mine with a 1070 that will get me some extra coins for trading?

>> No.6789718

>>6787426
I make more money trading than Miners do
And I have the ability to use my computer for computer shit instead of having it running full ball using all my energy and killing the Gpus after a single summer

>> No.6789773

>>6789475
I think Myriad is looking awesome, it was pretty much the first multi algo coin. Also Hobonickels is looking good. I still mine VTC cause I have an Nvidia card, and Vertcoin just announced they'll be releasing vertbase soon, and exchange that enables Direct USD Fiat to VTC trading should create a pretty nice boost in price, also they just sent out a message saying they've received 10,000 VTC in funding and will be getting added to new exchanges very soon... they said they've signed NDA agreements so they can't say which exchanges until it goes live.

>> No.6789890

>>6789706
anon.

the honest simple answer is to just run nicehash.

It will pick the most profitable thing and pay you in btc.

a single 1070 will probably pick equihash and pay you like 4 bucks a day right now.

it doesn't seem like much, but on a monthly basis its still mroe shekels to buy stuff with..

>> No.6789899
File: 23 KB, 576x296, 1495066755388.png [View same] [iqdb] [saucenao] [google]
6789899

GAYmers don't know what they're missing.

>> No.6790014

>>6789899
You'd make more gains if you took the gpu money and just bought crypto instead

>> No.6790051
File: 125 KB, 800x371, 53E53610-3CAC-4B69-8667-9D71ADDFE826.gif [View same] [iqdb] [saucenao] [google]
6790051

>>6787388
>non gamers are incels

Holy shut you manchildren are so fucking delusional about your faggot little games. You spend all your free time leveling up characters in a fantasy world lmfao. Gamers are such disgusting faggots.

>> No.6790125

How much does a mining rig cost in total anyway?

>> No.6790196

>>6790014
Who said I'm mining all on GPU? I've had these equipment investments paid off for months, and now I just wake up and collect $300-$600 in BTC daily with minimal maintenance. I also didn't pay $1000+ for my 1080 Ti's like everyone else getting into GPU mining.

Anyone who says mining isn't profitable is deluded or late to the game.

>> No.6790265

>>6790125
That depends on how much you want to spend and what you want to mine. Generally about $3k to $20k

>> No.6790291

>>6790196

Whats your build man?

>> No.6790294

>>6789773
Onto them my old 290's go.

>> No.6790313

>>6790265
I image it takes a year or so to go even?

>> No.6790329

>he thinks it's late
do you have any evidence or are you talking out your ass?

>> No.6790374

>>6790329
Look at the price of every single top 10 coin in Jan 2017 and see what you think

>> No.6790404

Dumb question, I’m actually away from home and the best pc I’ve around has a AMD 6850, with free electricity.

There’s any possibility to mine something?

>> No.6790410

>GAMING IS DUMB
>PRODUCTIVITY IS DUMB
>RENDER FARMS ARE DUMB
>CUDA ACCELERATION IS DUMB

i'm an enlightened /biz/tard and use my GPU horsepower purely to crunch arbitrary hashes that only exist so that they are difficult to parse because $2 a day means that much to me.

>> No.6790444

>>6790313
Between 3 and 6 months depending on your hardware config. If you get large multi-gpu mobo's with Vegas or 1080's at good prices you can get it under 3.

>> No.6790564
File: 1.83 MB, 200x200, 1428023353779.gif [View same] [iqdb] [saucenao] [google]
6790564

>>6787324
>Having fun in life is bad

>> No.6790590

>>6790313
>I image it takes a year or so to go even?
about 100 days, give or take, assuming you keep it running 24x7.

don't do it if you are not pretty handy and competent PC mechanic and sys admin.

>> No.6790614
File: 17 KB, 785x757, 1516339079841.png [View same] [iqdb] [saucenao] [google]
6790614

>>6790329
When did you get into crypto? a month ago?

>> No.6790684

>>6790590
Wasn't planning to, since i don't know shit about system administration outside the very basics. I'm just curious how it works. If anything i'll just use minersgate or some shit on my secondary desktop.

>> No.6790719

Just checked those websites where you can calculate mining profits, according to that I'll break even in about 5 months, but I need a new gaming rig anyway since mines 7 years old now, but I don't game a lot so can't justify spending that amount on just gaming, so I'm thinking on mining the rest of the time. Is there anything that would complicate making a gaming and mining rig? Like hardware that would be good for mining being shit at games or something? I haven't realy looked into mining except mining dog coin back when it just started.

>> No.6790720

>>6790014
You get 500 dollars worth of crypto every day, por que los dos?

>> No.6790760

>>6790614
>When did you get into crypto? a month ago?

he says he is pulling 200 bucks a day mining.

over 365 days its 73 grand.

IF he paid 20k for his rigs(no idea) then he got 50 grand.

If he bought 20k with of BTC at 1K each, he would have 10x'd today and have 200k.

This is why pretty much everyone says buying is better than mining.

Its probably true, it all depends on timing.

Alot of guys in 2016 mined ether on like 50 GPU and put thousands of eth in their wallets.

Eth is now 1K and those dudes are millionaires.

same story though, they spent alot of money on miners and could have bought the eth for 20 cents or whatever.

>> No.6790780

>>6790684
You don't need to be a sysadmin to fucking mine lmao if you are the type of person normies ask for computer advice you can build and run a mining rig, it's really not that hard.

>> No.6790801

>>6787246
That would be a bad move. Abandon an established market in which you already have a loyal customer base and dominance, shift it over to a fad. Terrible.
If they go this route I’ll be short nvidia.
>>6787324
That doesn’t stop it from being a multi trillion industry. People exist who are not you - especially kids who literally have nothing better to do than grind meaningless achievements. Some of them even make careers of it.
Hell, they’re trying to milk it the same way they’ve done to spectator sports.

>> No.6790828

>>6788969
I can make 60$ a day with my 1080?
How?

What do you mine?

>> No.6790834

>>6790760
this

i spent 15k on miners in 2013
i also bought a bunch of BTC to buy asic chips

guess why
ASIC chips didn't materialize
I held the BTC (i was mining in 2011 too)

the mining profits made me 100k
the coins i held made me 1M

>> No.6790868

>>6790760
you are missing the fact that the "200 dollars" he mined was increasing as long as he didn't cash out. If you mined 200 dollars worth of eth a day in summer that's like 800 dollars worth today. ROI is a meme, you don't get paid in USD you get paid in crypto.

>> No.6790881

Here is how you avoid price gouging.
You buy from the manufacturer.
I bought my 1080ti from EVGA, I bought my 980ti from newegg and then RMA'd it within a week to EVGA.
Buying from the manufacturer is better than getting ripped off by tards on ebay selling fan cool'd cards for over a fucking grand.

>> No.6790939

>>6787246
Gaming is for fat manchildren and /pol/ tier individuals who don't produce anything worthwhile to society with their advances unlike crypto.

>> No.6790953

>implying i have to tell the soyboy at the counter what im going to use it for

>> No.6790984

>>6790868
not to mention you can pay for your mining rig with interest-free installments if you have good credit, can't really do the same with buying crypto directly as far as i''m aware

>> No.6790999

>>6790196
What did you buy?

>> No.6791000

>>6790939
>the entire allure of crypto is to make society pump it so you can be rich for nothing
>gaming is a leech

>> No.6791041

>>6790719
don't bother. it's five months today. will be a year in a couple of weeks, and the most profitable way of mining is changing its model to make it redundant in six months.

it's a pajeet game.

>> No.6791042

>>6787098
How have no competitors entered the fucking GPU market yet?

>> No.6791049

>>6789706
use nicehash brah

>> No.6791058
File: 129 KB, 640x480, hashlets.jpg [View same] [iqdb] [saucenao] [google]
6791058

>>6789718
No you don't
1k/day

>> No.6791079

>>6790984
what fucking credit card gives you interest free installments?!

>> No.6791098

>>6791058
Tell me of your rigs good sir.

>> No.6791202

>>6787324

Gaming is only gucci if you do it with friends so its sorta like hangin out.

Tbh I used to play games/watch streams all days when I was in hs. I could have socialized and go out with my friends, O could literally do anything and it would be way more benificial than vidyas.

Replace the dopamine effect from vidyas to gym, its healthier, setting prs is more fun than grinding achievements and phisique will give you more sucess with ladies.

>> No.6791232

>>6787098
>nvidia tells retailers

oh yeah gamers you see, we're the good guys!!

>> No.6791243

>>6791058
thats a weird room. whats up with that tile wall?

>> No.6791249

>>6791202
Don't play games where you are required to grind fagot.

>> No.6791287

>>6790868
this is the meme. all that matters is acquiring the bit coins in the cheapest way possible.. for most people mining is more costly than just buying the coins from somebody, autists are literally putting up with heat noise and maintenance to get less money

>> No.6791382

>>6791042

lol cuz AMD and Nvidia have monopoly?!?!

>> No.6791421

>>6791382
>two companies
>m o n o poly

>> No.6791434

>>6790868
>you are missing the fact that the "200 dollars" he mined was increasing as long as he didn't cash out. If you mined 200 dollars worth of eth a day in summer that's like 800 dollars worth today. ROI is a meme, you don't get paid in USD you get paid in crypto.

Yeah true, i still think the hard and fast math of it is, in most cases you are going have a wash situation.

I'm not against mining, i have a little rig myself, its fun.

>> No.6791446

>>6791079
almost every credit card does it on my shithole third-world country. one of the perks we have it here, they have to encourage poor fucks to spend somehow

>> No.6791450
File: 879 KB, 1200x1600, JPEG_20170819_021522.jpg [View same] [iqdb] [saucenao] [google]
6791450

Mfw 40x1070s mining ethereum.

Also 40% ROI? Not quite. My rigs cost me ~20k and make me about 3k a month. 15%... Which is still great.

Been thinking about selling everything and beating the crowd. It's only a matter of time before next gen gpus come out and mining/crypto tank... At which point the market is flooded with cheap hardware

>> No.6791458

>>6787324
Dude are you autistic? Do you not realize there are things other people find fun that you might not?
>man I can’t believe there are retards out there who spend hours grinding on a tennis court for useless wins
>man I can’t believe there are retards out there grinding on race tracks for useless lap times
Try to wrap your head around the idea that other people might enjoy things that you do not. If you can’t do that then get medication.

>> No.6791501

>>6787736
4>1>2>3

>> No.6791528

>>6791042
AMD/Nvidia are using all the chip factories, there are literally not enough production plants to keep up. They would need the money to build their own chip production plant, then do R/D, then build the chips (take about 6 months for one batch), then test, then produce their new model. Two years at best to actually make a new GPU company.

>> No.6791534
File: 115 KB, 1024x1024, 1515698935867.jpg [View same] [iqdb] [saucenao] [google]
6791534

>>6791421

ok smart ass try competing against those 2

>> No.6791542

>>6790828
>I can make 60$ a day with my 1080?

he has 24 1080's anon, running in 3 rigs.

right now, thats about 19k in cards.

This is the secret, if you can get GPU's at retail, 300 bucks, you can make some bank...

>> No.6791597

>>6791042
>How have no competitors entered the fucking GPU market yet?
literally costs, probably 2 billion to enter this market.

not worth it.

like, probably a billion to spin up an asic fab, which is why bitmain has virtually zero competition.

>> No.6791598

>>6791450
That's how I feel ATM. I got my Vegas at retail, I could sell them on for serious cash ATM.

>> No.6791606

>>6791450
Hey man. Little tip. Point the air conditioner away from the rig.
AC is merely removing hot air, turning it around makes it suck the heat right off the rig. Use a fan to blow air through the rig and into the back of the AC.

>> No.6791684

>>6791382
There's a barrier of entry, but I don't think there is anything literally stopping someone from entering the market. At the very least to focus mining solutions and leave those two in the dust for the mining industry. I don't even mine and that makes my dick hard.

>> No.6791690

>>6791606
Thank you. I actually don't use the ACs at all anymore. It took a lot of trial and error, but I figured out that exhausting the hot air was the best method of cooling. Literally 3x $50 20" fans did the trick

>> No.6791773

>>6791528
I didn't say itd be easy, but there is a serious lack of options in the market. Anyone who tackles this properly will become very rich. Yes things take time, especially adding production capacity.

>> No.6791800

>>6791243
does it turn you on?

>> No.6791833

>>6791450
What will you do when casper hits?

>> No.6791970

>>6791833
>What will you do when casper hits?

there are plenty of other coins to mine that will be just as profitable as eth...

He would actually be making considerably better profit mining neoscrypt algos right now than ethhash...

>> No.6792006

>>6791421
You realize nvidia is a huge amd shareholder right?

>> No.6792095

>>6791202
That's just your instinct telling you to breed. There is nothing better about it brainlet.

>>6787324
Your life is not hard earned, it was arbitrarily. Your parents wanted to breed so here you are. It's all about how you wish to waste your time, and in the end it makes no difference. But I guess you have not matured enough to realise that yet. Younger people tend to attach a lot of value to how their peers perceive them. Partly because it improves their breeding chances.

>> No.6792190
File: 798 KB, 1920x1920, inCollage_20180121_163201948.jpg [View same] [iqdb] [saucenao] [google]
6792190

>>6791833
I've sold a bunch recently when eth hit the $1200 range. I put 50k into coins and 25k into miners. I've cashed out 85k... Which pays back my initial 50k, the 25k in hardware, and 10k in profit that I intend to blow in Vegas next month.

I'm sitting on 41 mined eth that I may just hold for POS. My total portfolio (after cashing out above mentioned) swings around 200k. I'm not really sure what exactly I'm going to do. I'm open to suggestions. Part of me wants to take the 200k and run.

>> No.6792278

>>6792190
donate me
pretty safe portfolio btw

>> No.6792351

>>6791800
underrated

>> No.6792356

>>6787098
It's a good thing nvidia and other GPU makers aren't falling for this artificial demand trap.


>>6787246
Don't be a retard. Unlike gaming, crypto-mining is a declining market. The difficulty in mining continues to become greater and nvidia won't be able to keep up, it's a declining market. Crypto-mining business is very risky, while gaming.

Meanwhile gaming is a trillion dollar industry and will do nothing but grow even larger as it seems like adults are spending more and more money on video-games (same as PCs).

>> No.6792402
File: 136 KB, 1440x2560, Screenshot_20180121-163720.png [View same] [iqdb] [saucenao] [google]
6792402

>>6792278
Thanks. I guess I started in June. I cost averaged into the market, but I should've just dumped it all in at once. Neo made me a lot of money. I bought 700@$9.

>> No.6792433

>>6787246
Why not both? Why not make GPUs specifically designed for mining? I know that both AMD and Nvidia made a few models for miners, but it was only a timid attempt.

>> No.6792450

>>6792402
nice, did u think neo was too risky back then?

>> No.6792461

>>6787858
What is this? Your setup?

>> No.6792481

>>6792095

High IQ post.

>> No.6792545

>>6787098
Lol someone tell this anon that you can mine other than Bitcoin

>> No.6792576

What's even worth mining these days? Seems like nothing is worth the cost of GPUs + electricity.

>> No.6792802

>>6792576
>What's even worth mining these days? Seems like nothing is worth the cost of GPUs + electricity.

the cost of GPU's is the killer...

>> No.6792816

>>6792433
Miners don't want mining cards. They want to be able to dump their old cards at a premium on gamers when the market is dry, then buy new equipment when things settle down.

>> No.6792905

>>6792816
I was about to say
>good luck with that
but then I remembered that not normies are idiots, and they don't realize that most of the used GPUs you can buy now have been raped by miners.

>> No.6792915

>>6792450
It was a scary ride. I bought when it was ANS and held thru two moons and subsequent corrections. $30, then $100+. I sold off close to 300 around $150. That felt great.

>>6792576
You couldn't be more wrong bro. I make about $80/card/month after electricity. That's calculated at current prices. I'm a speculative miner, meaning I mine and hold and hope things go up. I used to get 8xEth a month when it was $275/eth... So that $2200 6 months ago is $9k today

>> No.6792976
File: 87 KB, 640x377, dc_cooling_7.jpg [View same] [iqdb] [saucenao] [google]
6792976

>>6791690
He is wrong. Cool air should be flowing into your rig; you place your racks side by side not against a fucking wall. The hot air rises and you want it to flow to the intake of the a/c not back into your rig. Have none of you plebs ever worked in IT or even looked up how to set correct airflow?

>> No.6793008

>>6792905
I've seen it happen twice since I've been in the mining game, this is number 3. Hell I even sold a couple cards to some normie coworkers who wanted to start mining a week ago. Every time people get shit on for buying the overpriced cards too, then they make bank. Hopefully things are still looking up this time.

>> No.6793020

>>6789475
Don't be stupid anon
>mine most profitable coin
>turn that coin into BTC
>buy your speculation coin with the BTC
you are going to get way more coins this way.

>> No.6793069

>>6791058

How hot does that room get? I've been thinking.. since all of the electricity a computer uses gets converted into heat anyway what if you rigged up your system to somehow distribute the GPU heat to your central heating system?

>> No.6793077

>>6792006
>implying that makes them the same company
They’re a cartel

>> No.6793104

>>6792915
What card? With a GTX 1080 I should be able to make about 130/month. Have been mining for a about a week, I'm at 40 or something for now. I want to mine for a month and see if it's actually worth it, then maybe I'll try to find a few 1070 for a mining rig. Man, it's going to be hard...

>> No.6793117

>buy new PC for christmas
>use GPU to mine on NiceHash
>making $6-7 daily
>GPU is now worth twice what I paid for

feels nice bro

>> No.6793178

>>6793008
How long have you been mining for, and with what cards? What can you tell me about reliability?

>> No.6793214

>>6793104
I have all 1070s.

>> No.6793297

>>6787324
I play games for living and I make more money than this whole thread combined lol

>> No.6793331

>>6793117
also, now that I realize it's profitable I can't buy a 2nd card to double my profits. how long till prices go back to normal?

>> No.6793360

>>6793178
40x1070s for 6 months. Haven't lost a card or mobo or psu. Only hiccups I've had were 2 pci risers that went bad. Easy fix. Now I keep a handful of extras laying around.

I wouldn't say that mining is particularly rough on cards. They aren't really a consumable product. They either work or they don't. They don't really "wear out"

>> No.6793377

>>6790564
gaming is having fun outside of life . . . I prefer to have fun IN life.

t. exgamer(played in 3 clans in 2 leagues), feel like a recovered heroin addict

>> No.6793382

>>6787400
Gamer here, please teach me.

>> No.6793403

>>6793297
Doubt it. What's your net worth, sport?

>> No.6793425

feels good, I quit gaming and went full on mining, my life has improved tremendously since.

>> No.6793426

no, don't mine it's shit.
i don't want to share the profits. mining sucks. no one profits from it. fuck off.

>> No.6793470

>>6793360
>40 gpus

How much internet bandwidth do they use? I'd like to get maybe 10 but I have super shitty internet.
6Mbps max

>> No.6793486

>>6793178
I got in before summer, so probably close to 8 months now. No problems with cards whatsoever. I've heard stories of GPU's running 3 years non-stop with no issues but fan bearings wearing. As long as you keep temps in check it is very hard to kill a GPU.

>> No.6793548

>>6793360
>They aren't really a consumable product.
Technically they are (electromigration), but not in 6 months, or 6 years for that matter. What I think might fail early is the fans, since they are spinning at about 70% 24/7...

>> No.6793687

>>6793470
Very little. Not bandwidth intensive at all.

>>6793548
I suppose so. My point is that I won't feel guilty selling these cards in a few months after they've mined for a year. Plenty of meat left on the bone

>> No.6793707

>>6793486
Yeah, pretty much what I thought. I have a reference 5850 bought at launch in 2009, I gamed HARD on it for years (overclocked), and it's still going strong relativelylike day 1. It's in one of my spare PCs, it just doesn't wanna die.

>> No.6793774

>>6793707
I have a 9 year old 275 that won't quit either. It's in an old work computer

>> No.6794302

>>6787289
Lol. In what country?

>> No.6794465

Isn't loud noise a problem with mining?

>> No.6794854

>>6794465
GPU mining isn't loud
ascii miners are about as loud as a vacuum cleaner.