/biz/ - Business & Finance

[Anonymous No.28666340]

how to mine crypto? i saw tik tok where a guy made $70 a day by doig nothing. he just had a computer or something on his table
help me out biz im kind of retarded and i cant find help anywhere else

[Anonymous No.28666439]

>>28666340
The energy it uses could cost more than you make

[Anonymous No.28666934]

>>28666340
The short version: don't bother, you won't be able to mine anything right now

The long version: You have two options for mining, BTC and ETH. To mine BTC, you need to buy dedicated hardware, known as an ASIC, they costs thousands of dollars and the returns are like $2 a day.

You can mine ETH on graphics cards, but they need to have at least 4gb of memory. If you have a single 1080ti you can probably make like $5 a day at current prices.

Both GPU and ASIC mining consume huge amounts of power, so unless your power is paid for by someone else (condo fee/student housing), your $2-5 will turn into $1-2.5

Oh and, good luck finding even a 1060 for sale right now, GPU stock is fucked. Same goes for ASICS

[Anonymous No.28668006]

>>28666934
>The long version: You have two options for mining, BTC and ETH

What about Monero.

[Anonymous No.28668648]

>>28666340
Honestly only worth it if you live in a place with snow like 1/2 the year.
You can use the shitty mining things to warm you up while you make money and naturally cool them.

[Anonymous No.28669011]

>>28666340
I mine RVN and 0xMR

[Anonymous No.28669055]

>>28666439
>live at parents
>mine bitcoin
>profit

[Anonymous No.28669217]

>>28669011
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

[Anonymous No.28669288]

>>28669055
Based

[Anonymous No.28669310]

gonna start mining eth with a gtx 970 on monday lmao wish me luck

[Anonymous No.28669438]

>>28669055
>Mom gets mad if you even look at the thermostat
>Oh but $400 a month on electricity for your mining rig is completely fine
>Why is your bedroom on fire and what's that noise?

[Anonymous No.28669534]

>>28669438
>bedroom on fire
lmao this reminds me of one time I tried mining bitcoin when i was 17. Put it on as i went to school and when i came home my PC was off so i looked at the temperature logs and the CPU hit 90 fucking degrees. never did that shit again

[Anonymous No.28669599]

>>28666340
Mine shitcoins that'll spike up 1000x. Only do this two years ago, or two years from now. Just invest in something rn, mining is stupidly expensive rn with an upside that isn't worth it. Gpu prices could crash the moment amd release some shitty card.

[Anonymous No.28669714]

>>28669599
what kind of shitcoins

[Anonymous No.28670005]

>>28666340
You can stake your coins but you risk il if it boms, meaning you lose your stake.
If the price rises only thing you lose is potential gains you could have gotten if you hodl instead.
Currently staking radix for about $18k total at current price in 2 months. original stake was 20k.

[Anonymous No.28670143]

>>28669055
>live at parents
>mine bitcoin
>actual outcome

[Anonymous No.28670286]

>>28666340
Step 1: buy a rope
Step 2: tie around your neck
Step 3: ???
Step 4: profits

[Anonymous No.28671316]

>>28668006
Doesn't matter what the coin is, getting started with mining right now is going to be super difficult because everyone is doing it and prices on hardware are hugely inflated. The Chinese are even buying up gaming laptops in bulks to mine.

The only way it's still worth it is if you have at least like 30k to spend on a serious setup, and you resell your hardware before the inevitable crash