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29834398 No.29834398 [Reply] [Original]

I am considering to start mining with some friends. Is anyone of you mining already? Do you think is it a good idea to jump into this? Our Electricity price is about 17c and we are able to get about 40 3060ti at the retail price.

>> No.29834442

Yeah do it, ASAP

>> No.29834480

Linzhi Pheonix and next gen ETH asics are gonna push your shit in anon. Just buy your shitcoins like a good little autist.

>> No.29834568

>>29834398
>Do you think is it a good idea to jump
It was 4 years ago, now with ETH mining ending soon it's over

>> No.29834582

>>29834398
>Is anyone of you mining already?
what you think? By the thousands atm

Gpus are out of stock on every big tech website, zoomers can't even play fortnite because of you people

>> No.29834602

>>29834568

You know the release date of eth 2.0? Please share

>> No.29834614

I live near a favela and could rent a house with stolen electricity, but alll I can afford is Dual-Core computers, but no GPUs.
Is there anyway to get a profit mining with these old computers? No cost with electricity tho.

>> No.29834669

>>29834614
mining monero perhaps , it's still cpu friendly

>> No.29834719

>>29834398
>$16k on GPUs at the peak of the bull market
>in a locality with 17 cent/kwh electricity
>when ETH is on its way out, no less
yeah go for it man

>> No.29834779
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29834779

>> No.29834809

>>29834669
Thanks, I'll take a look at it.

>> No.29835498

>>29834602
eip1559 in 4 months

>> No.29836606

>>29835498
it won't reduce the fees, neither ETH 2.0

>> No.29836735

>>29834719
kek

>> No.29837021

>>29836606
when mainnet becames its own shard pow gonna end

>> No.29837065

>>29837021
there are better mining coins
raven was more profitable just days ago and could easily be again

>> No.29837202
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29837202

>>29834398
Ah, feels good to have connections with suppliers. Never have to worry about high gpu prices.

>> No.29837291
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29837291

>>29837202
you got a hook up for any asic miners? I would give you a bit on top if you can hook me up

>> No.29837292

>>29834398
unfortunately this will not be even remotely profitable split between you and your friends. Someone that did this exact thing years ago, this WILL ruin your friendship. Mark my words. Never go into business with family or friends.

>> No.29837300

>>29837202
Plus the electricity cost is 0.061 cents due to my own trickery. Feels good.

>> No.29837344

>>29834398
If i had just bought LTC and ETH instead of mining years ago, I would be far better off. Let that be a lesson.

>> No.29837433

>>29837291
Unfortunately no, the suppliers are working with GPUs.
And oh boy, the big money is being made with 'em. Reseller market is blooming, all gpus are just gobbled up insanely fast.

>> No.29837468

>>29837202
I've got 0.8 CAD electricity, worth dropping 10k on a asic miner right now?

>> No.29837491

>>29834669
yeah... no it isnt. unless 0.0001/ day is useful to you lol

>> No.29837718

>>29837468
I wouldn't want to spend monies on overpriced asics during the ath market. The wise strategy will be investing steadily in shitcoins that will do 5x and higher, after taking profits moving funds to stable assets and wait for the bear market, looking for connections with suppliers and knowledgeable people.
But if you really want to, you are free to do so.

>> No.29837780

>>29837718
They are offering the same miner for 6k in June, would that be a better entry point?
Thanks for answering questions anon, its hard to find people knowledgable on this subject

>> No.29837887
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29837887

>>29837491
Monero is considered berry gut, especially if you have containers full of scrap gpus and cpus. In my possibilities it is to create a monero gigafarm. However the maintenance costs will be tricky to keep low. But what I'm talking about, just replace broken crap with still usable crap.
>Lookin forward for private small nuclear plant

>> No.29838274

>>29837780
In my own opinion:
6 months
>BTC: risky, do not invest in miners, if the drop in price occurs, huge loss will happen
>ETH:
Rollout of ETH 2.0 will not eliminate mining, but the impact of event will probably result in a moderate loss, if we are talking about the purchase of said ETH asics
>LTC:
Pretty moderate bet with modest returns.
>XMR
Still some potential in the pockets, not so overhyped. Probably the best bet.

But please anon, dyor. For your own good. My views may be biased and I don't want to ruin your finances via this message posted on Vietnamese basket weaving forum.

>> No.29838494

>>29838274
In my view, does it really matter if the price of btc goes down in the short term if it goes up in the long term?
With mining its not like you are mining dollars, you still have the same amount of btc regardless of the price

>> No.29838996

>>29834398
17c kWh.... ffs. Thank god my state has nuclear still. 6c kwh here.

>> No.29839148

>>29834582
Good fuck zoomers

>> No.29839262

>>29837065
No one cares that your pump and dump was profitable for a few months. PoW is a race to the bottom where only the extreme min/maxers will be able to profit. Everyone else will be undercut. The people with the cheapest electricity + coldest weather + best internet are going to be on a similar place and the coin will become centralised. All PoW coins will become centralised in the end.

>> No.29839298

>>29834398
instead of burning 10k on gpus for mining u can just buy coins for 10k that you can stake

>> No.29839334

>>29838274
can't mine XMR with GPUs senpai

>> No.29839494

>>29834398
I've been mining since 2013 and got out last year.
I personally wouldn't get in right now since there is a huge demand for gpus still.
Once the hype dies down and people get REKt and have to sell their gpus, thats when you buy their old equiptment and get in.

>> No.29839518

>>29834398
Yeah i just buyed 65 mhs for 500 bucks and have free electricity, will mine monero/raven after eth2

>> No.29839609

>>29838494
In fact, suppliers keep their BTC pricing in correlation with fiat, so 1 BTC = 1 BTC is a meme for me.
>>29839262
This.

>> No.29839648

GOD, the more people shilling a crypto the worse it dumps. Stop being a faggot, don’t go for this shit
I don’t believe in this shill. My funds are on liquidity pools with YVS Finance system. I can withdraw whenever I need and any amount with no drunk gas

>> No.29839714

>>29838274
>spout complete nonsense
>tell others to do their research

this is your brain on drugs, kids.

>btc
leave mining to the mining farms in china
>eth
mining probably won't be profitable if you have to buy a mining rig. mining profitability is volatile
>ltc
leave that to mining farms
>xmr
cpu mining has extremely poor returns.

>> No.29839801

>>29837300
Tell us more anon

>> No.29839935

>>29835498
https://stopeip1559.org/