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/biz/ - Business & Finance

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7614594 No.7614594 [Reply] [Original]

Everytime i read a mining related thread here i cringe.
Majority of the people who mine/doesn't mine have no idea what they are fcking talking about. Even the semi decent sized miners. Hur dur Eth! Hur dur Etn! If you actually knew what the fuck you were doing you would ROI in less than 5 weeks.

I'm going to give you a small glimpse of what i do on a daily basis... im not here to teach you or to hold your fucking hands. Here is the reality.


>Be me a pro king miner
>Greet my group of miner friends
>scour interwebs for new shit-coins with masternode features
>we all mine shit-coin on launch for the first 2 days
>group our coins together(doesn't matter who since we trust each other)
>sell to plebians on discord who want masternodes as no exchanges are implemented.
>depending on the coin i might buy low and try to sell high for couple days(risky)
>depending on the coin i might even hold (bulwark, lux, mun, etc)
>i take $1,300+ a day on average but sometimes i can make $4-7k a day.

While on the other hand when i goto whattomine.com it says i should be earning an estimate of $250 a day.

It's a full time job. Not a fcking sit back and watch me earn muni. You gotta constantly research and look for coins and basically beg ppl to buy ur bags on discord.

>> No.7614618

>>7614594
Sounds like too much work

>> No.7614652

>>7614618
It is, but it's just like the real world.. People who put in more effort tends to earn more.

>> No.7614669

>>7614594
So you arent a miner. You're just flipping shitcoins and due to your manual approach you cant scale it.

You cant turn that 1.3k per day to 13k per day since you depend on manually shilling your bags

>> No.7614683

>>7614669
right 200 gpu's im not a miner.

>> No.7614770

>>7614683
do you have a warehouse?

>> No.7614812

>>7614594
This. I found turtlecoin just before was shilled on here. Mined 400k in 18 hours on a single 1080ti. Dumped at 26sats. Easiest gains of my life.

>> No.7614836

>>7614770
if u call some a place i rented out for $500 a warehouse sure.

>>7614812
good play anon good play

>> No.7614853

>>7614683
No you're not, you're a fucking pajeet shit hands scammer.
By the way, you stopped sounding real at "trust". Okay anon, sure

>> No.7614864
File: 47 KB, 217x524, 4Rzvfo_8RRaRAJJkNpo7_w.jpg [View same] [iqdb] [saucenao] [google]
7614864

Here's some of the shit-coins i've mined in the past 5-6 weeks

>> No.7614898
File: 37 KB, 348x389, eymWq1yZScSSE45ml_gFlg.jpg [View same] [iqdb] [saucenao] [google]
7614898

>>7614853
Just because ur reality is being poor doesn't mean its that for everyone plebian.

>> No.7614979

I'm mining akroma, still worth it?

>> No.7615005

>>7614979
it's a long term play imo.
up too u.

raven looks really promising if u knew what's up but most people don't.

>> No.7615034

>>7615005
well people are sellin 1 aka for $1 each on discord which makes it much more profitable than most coins.

>> No.7615136

>>7614594
>>Greet my group of miner friends

This is the the part I have doubts about.

So you are saying you are finding enough new coins literally like, weekly, to keep this kind of action going?

I want in.

The first coin I ever stumbled on that wasn't being mined by a gajilion kekahashes was turtle and even that was a month in, but i still managed to be under wire to get millions per day with a laughably small rig.

so how are you scouring intertubes to find new unknown coins pre launch?

>> No.7615155

>>7615034
right i could easily dump this, but i see a decent future for this project.

don't mind hodling this one for a good while.
If not i lost couple days of mining its not a big deal.

>> No.7615159

>>7614594
I know you made this thread bc you have seen mine. Look I admit it I dont know shit but Im not one of those
>hurr durr mine eth you pleb
in a fucking 1080ti thread jesus...

Im thinking about leaving multipoolhub and go all in in day 0 shitcoin mining, but I didnt pulled the trigger. yet..

Also I have to admit it if you are not larping then you are the fucking man.

But I am totally alone in this, I cant cooperate with others without risking my profits and I am only mining with 25 1080tis in my home, not with 200gpus in a professional environment.

Also how am I gonna dump my shitcoins on others with my 3rd grade level english? Also how in the hell are you making 1300+ a day? You mine 500k shitcoin on day 0 and sell it to the pleb? On what discords can you do this?

>>7614812
you know it pretty damn well you were only lucky and it has nothing to do with your intellect.

>> No.7615161

>>7614812
>This. I found turtlecoin just before was shilled on here. Mined 400k in 18 hours on a single 1080ti. Dumped at 26sats. Easiest gains of my life.

sure, but now, do it again, and again, and again.

you got fucking lucky, that's it.

>> No.7615179

>>7615136
Lmao, thats why you have no idea what ur talking about.

Look at the pictures right above you. Those are the coins i mined in the past 5 weeks.. their was maybe 2x that amount but i can only mine so much.

The first coin u stumbled upon was turtle because u browse 4chan all day u tard.

>> No.7615199

>>7614864

you don't have 200 gpus

>> No.7615229
File: 374 KB, 1233x925, 20171201_231624.jpg [View same] [iqdb] [saucenao] [google]
7615229

>>7615199

>> No.7615251
File: 313 KB, 1233x925, 20171201_231620.jpg [View same] [iqdb] [saucenao] [google]
7615251

>>7615199
>>7615229
ya i don't

>> No.7615268

Where can I get more GPUS for cheap? I'm in the UK and the 1070s are going for £630 ($870), still worth buying them?

>> No.7615286

>>7615179
take me in. 25 1080tis. Ive got 2 more weeks in my workplace and Im free.

Im ok with crumbs. You can take most of my profits and I will still end up with more than enough for me.

Also how in the hell are you finding all of these new shitcoins? Most of them are total dead ends yet people buy your bags, every day? You are a total genius or a total larp.

>> No.7615343

>>7615286
give me ur discord and ill add you.

>> No.7615357
File: 1.12 MB, 3264x2448, 20180127_193028.jpg [View same] [iqdb] [saucenao] [google]
7615357

>>7615229
>>7615251
I find this funny but I was looking around in kika, möbelx, xxlutz for the best shelves for my mining operation and I ended up with the same.

Then I started to lurk gpu mining forums and plebbit and I realized evey gpu miner buys the same shelves as me.

>> No.7615361

>>7615268
btc tanked and the price isn't coming down...

i bought all my equipment when eth mooned to 300.... overpriced but i already roi'd multiple times over. Do as u wish

>> No.7615370

>>7614594
im not gonna say you are lying without a doubt but id bet a fair amount of money that you are lying about making that much and im a heroin addict we dont fuckin play with our money

>> No.7615402

>>7615268
i dont realize how lucky i am i was impulsive and bought my 1060 earlier than intended

>> No.7615513
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7615513

>>7615370
Some Cryptopia transfer i've done with some sellers couple weeks ago. Over shit-coins.

When btc was around 10k.

>> No.7615525

>ITT: OP is a faggot larper
Wow such amaze you can mine. Like another anon pointed out, you cant scale your operation from what youve admitted. You are just shilling shitcoins to other people and dumping bags. Meaning you are severing ties with people who are either too stupid or too gullible to know better at time of trade. I would say thats stupid because networking is so important in life, but maybe they deserve to have their ether taken from them for so little. Either way you know your days are literally numbered in terms of doing this right?

>> No.7615565

>>7615525
>Either way you know your days are literally numbered in terms of doing this right?

Does it matter if he makes mad cash tho?

>> No.7615575

>>7615525
Lol, like my thread stated you idiots have no idea what you're talking about.

>> No.7615590

>>7615343
discord gg/ 44MueQ

made it just for you, kind sir

>> No.7615593

>>7615513
reason why its small amount is to minimize risk between the traders. As their is no exchanges.

>> No.7615611

this is probably just a larp guys so dont get your hopes up

>> No.7615660

>>7614594
>Majority of the people who mine/doesn't mine have no idea what they are fcking talking about.
What?

>> No.7615667

>>7614652
meh.

>> No.7615704

>>7614652
i've got 20 1080s and 6 days a week to nolife shitcoins

invite to your discord? I'm willing to invest autistic amounts into more cards if you're not bullshitting me

>> No.7615732

>>7614864
GRLC is so easy to manipulate
been lying on their subreddit and influencing the market for pretty decent gains

>> No.7615756
File: 124 KB, 640x480, IMG_2773.jpg [View same] [iqdb] [saucenao] [google]
7615756

Anon from yesterday, still mining turtle.
Got 2.2MM so far.
BTW mining shitcoins doesen't work, I tried it, trust me. You need to mine the big coins to at least cover electrical costs, no one will buy your bags

>begging on discord
Sorry I'm not brown

>> No.7615808

>>7615732
Yeah I made a fuckton mining and selling GRLC before the market price crashed

>> No.7615821

>>7615732
>lying to manipulate market
scum

>> No.7615899

>>7614594
What I see is that you're mining shitcoins upon release so that you can mine a ton as you don't have much hashrate to compete with.

And selling it cheap to people who would be happy to buy it up because they can be whales in that coin for cheap.

You take a risk with the shitcoin, they take a risk with it... eh, if it works for you I guess.

Most people like mining because it's PASSIVE income though.

>> No.7615901

>>7615821
sucks to be you negro
but really, who's buying this shit? it's a memecoin built on a dead meme

Who the fuck buys this shit?

>> No.7615933

Any tips for finding new coins OP?

>> No.7615985

>>7614652
This isn't true at all. I can work hard at McDonald's but I'll still make minimum wage. I can also break my back digging for gold but still end up broke.

On the flip side of the coin, I can hire a bunch of robots to do my manufacturing for me. Then part a pajeet less than minimum wage to sell my product. I put in almost zero effort and make 90% profit.

>> No.7616088

>>7615756
>1 rig
>mining turtle

please just kys

>> No.7616123
File: 101 KB, 640x480, IMG_2775.jpg [View same] [iqdb] [saucenao] [google]
7616123

>>7616088
1 of many

Zcl on the nvideas

>> No.7616136

>>7614594
Where do you go to start looking for the newest shitcoins?

I have a few mining rigs, I'd be willing to join you guys.

chanmail at protonmail dot com

>> No.7616144
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7616144

>>7616123

>> No.7616153

>>7616123
>zcl
>3 rigs
>top fcking kek

>> No.7616168
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7616168

>>7616153
ethhash for the rxs

>> No.7616179
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7616179

>>7616168
Btw I know you are Larping about your 200 rigs, just trying to not embarass you too hard

>> No.7616185

>>7616168
keep going

>> No.7616196

>>7614594
How much hash power you got ma` nigga`.
You, not your entire group. Scrypt or eth for metric please.

>> No.7616203

>>7616179
i like how all the images are diff sizes and formats

but ill entertain it

keep going.

>> No.7616207

>>7614812
Dude, you made like $1000. I mean, I guess a little here and a little there and it adds up but this is /biz/ not /g/. Making $1000 in crypto is completely unremarkable unless you are doing it at least every day. Now git gud

>> No.7616208

Mining is high risk, low reward.
You spend 50k to build a rig that is obsolete in a year, to mine shitcoins and hope that people buy the bags. You can never mine the safe coins, because big mining centres are more efficient and you cant compete. Traders become millionaires, miners only hope to make up for utility bills and break even on their overpriced GPUs.

>> No.7616224

>>7616196
i haven't mined eth in 6 months and i have added rigs since then so i can't tell u.

>> No.7616228

>>7614594
Calm down kid. Majority of miners from my day already got their staking amounts. Noone is gonna waste time on your bullshit to get an extra 2%

>> No.7616245

>>7616208
This. And how much longer can they keep the hype up? How many variants of the same PoW coins already exist with no use case? We all know this is all driven by speculation but at some point people will start saying "we already have one of those" and they aren't going to buy the bags.

>> No.7616258
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7616258

>>7616203
You can literally see the background tiles brainlet.
Moving on, I'm selling the asics to boomers, just sold 1 yesterday for 5k

>> No.7616277

>>7616208
rigs are 2k though, brainlet

>> No.7616278

>>7616245

show ur whole setup not 1 rig at a time kiddo.

not impressed by ur 30 gpu setup.. once u get into the 150 range i might be.

>> No.7616294

>>7616207
This. I made like 8 ETH just by buying into the Lamden ico and selling on ED that week.

>> No.7616298
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7616298

>>7616258
btw top kek u bragging about 1 asic miner.

>> No.7616361

>>7616298
I have 10 s9s and 5a3S that I'm dumping as we speak. I also bought a Baikal for 5k and sold it for, not even going to say it lmao

>> No.7616368

>>7616361
>shows me 24 gpus and 1 asic
>thinks hes a baller
>top kek
>is this real life?

>> No.7616391

>>7616278
I only keep these at home, only have 40kv contract or somewhere close to that

>> No.7616402
File: 83 KB, 1300x1390, man-points-forward-laughs-overweighted-wearing-man-one-hand-his-chest-other-pointing-forward-102520331.jpg [View same] [iqdb] [saucenao] [google]
7616402

>>7616391

>> No.7616409
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7616409

>>7616368
>shows nothing
>thinks anyone is falling for his LARP
>greentexting top kek

>> No.7616416

>>7614864
>17,000 akroma
fuck.

>> No.7616437
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7616437

>>7616409
legit retard we got here.
i posted them.

>> No.7616438

>>7615821

/biz is probably the worst board on the whole chan.

No other board has such highly saturated amount of scammers, shills and lying greedy assholes who are ready to fuck you over for a shekel. Maybe some fag boards have their deviants and /pol has its (basement-dwelling)skinheads, but that's nowhere near than /biz.

Just think how many lives have /biz scammers and shills ruined with their "advise". And worse yet - they just cannot stop bragging about their "achievements", encouraging others.
Literally this is the den of (((reptiloids))), if you think about it.
/biz memes are good though.

>> No.7616439

>>7615513
pavel1488
LOL

>> No.7616453
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7616453

>>7616437
>reposts pics saved from /biz/
>I posted them

>> No.7616466

How much solar energy would be required to run a single miner

>> No.7616474

>>7616438
It really has gotten bad. It was pretty decent back just a year ago. Now it's just 90% trash. You can't even lurk long enough to find anything

>> No.7616493
File: 284 KB, 1425x819, Q3-7ktDESB6Yt2n6y32ZvA.jpg [View same] [iqdb] [saucenao] [google]
7616493

>>7616453
say what?

>> No.7616503

>>7616466
1.2x10^44 J total means you would need about 0.000000000000000000000000000000000001 suns

>> No.7616511

im cpu mining, rn my advantage is that i dont pay for electricity

>> No.7616530
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7616530

>>7616493
So sharing 200gpus with 10 niggers means you have more hashpower than me? lmaoing at your commie life

>> No.7616550

>>7616530
nah between us 12 we have 800 GPU's

>> No.7616568

>>7616503
That sounds doable, Arizona has at least 3 suns worth of solar energy

>> No.7616589

Is it still worth to buy 1070s to mine Ethereum for $870 each? Just looking for passive income for rent and bills while I trade coins as a traders and invest into ICOs.

>> No.7616593

>>7616568
No, youd need that fraction of the sun inside a closed 100%efficiency fotovoltaic cell

>> No.7616596
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7616596

>>7616493
fuck me mate, that's a killer setup you've got going. Makes me wish I mined more DOGE back in the first few days it was released. Assuming you were wage-slaving full-time before swapping to mining, what was the process like? I've got the funds to pull off what you're doing but I'll probably die from stress overload trying to set all that up with my current schedule.

>> No.7616606

>>7616550
noice
btw you can crank the memory to 600 on 1070s

>> No.7616613

>>7614594
Where do you get you shitcoin info from?

How and where do you learn of new coins?

>> No.7616620

>>7616593
I don't think thats quite right

>> No.7616679

>>7616620
Didn't factor in variables like the actual sun part or the fusion product, that's why I put 1 less 0 in there.

>> No.7616719
File: 583 KB, 2016x1512, 20170911_234912.jpg [View same] [iqdb] [saucenao] [google]
7616719

>>7616511
I also mainly do CPU mining, but my disadvantage is that I have to pay for electricity (got a good rate tho). 1280x 32 core blade servers, expanding with 1200 GPUs and 280 Phi nodes at the end of the month. But falling prices since dec have been tough.

>> No.7616794

The start of mainstream VR will be when mining dies. People will pick up Vegas @10bucks when you all have to fire sell

>> No.7616807

>>7614594
>pro king miner
???

>> No.7616842

>>7614594
Fuck you phunkism you larping shitbag soy boy

>> No.7616852

>>7616719
Nigger you have a cave???

>> No.7616858

>>7615268
Isn't electricity expensive asf in the UK?

>> No.7616886

>>7616852
Yes.

>> No.7616912

>>7616719
OHH SHIT ITS BUNKER BRO from /diy/

whats up man! how are things with you? Have you dealt with the drainage problem?

>> No.7616917

>>7616719
da fuq. no reverse image matches

anon, where you from?

>> No.7616930

>>7616550


Hey anon I found a way to sort BitcoinTalk threads by newly created by messing with the url. Do you think this is a useful thing to know?

>> No.7616940

>>7616719
i seen this shit...

damn son where u at?

got a discord? we should work together.

>> No.7616944

>>7614594
>begging ppl to buy your bags on discord

GET THE FUCK OUT PAJEET

>> No.7616973

>>7616719
hey it's cavebro

>> No.7616991

>etn

I laff every time

>> No.7616995

>>7616719
>>7616886
Based bunkerbro checking in. You inspired me to look into blade server mining monero about 8 months ago but it was really difficult to design a setup that seemed to make sense from a ROI standpoint where I live. Hope you've made a killing during the price surge. Have you felt the effects of the recent increase in global hashpower?

>> No.7616996

>>7616930
how do you do this anon?

>> No.7617030

>>7616719
Please sensei would you tell us mortals what you mine?

>> No.7617040

>>7616719
how are you configuring your servers ? do you have a mining pool ?

>> No.7617041

>>7616996


https://bitcointalk.org/index.php?board=159.0;sort=first_post;desc

You're welcome

>> No.7617140

>>7616719
I could potentially purchase an hp c3000 with 6 blades for cheap, how can I calculate mining profits for something like that?

>> No.7617194

>>7617140
Just look at what CPU they use and try to find a benchmark for the individual CPU and then multiply it by the number of CPUs in each blade.

>> No.7617238

>>7616912
It's all fixed, dry and nice.

>>7616917
Sweden.

>>7616995
The botnets are pretty much killing any currency on cryptonight, monero, sumo, etc. They will all be un-minable within a month or two (profit-wise). Sadly the devs are embracing them as they strengthen the network with the hashrates, but at the cost of anyone who owns their own hardware. Thankfully I broke ROI a long time ago.

>>7617030
XMR - > ETN -> SUMO - > ???, have to try to keep ahead of the botnets.

>>7617040
I boot them up with a pxe iso into ram, so they all run diskless, 2x 6276 opteron and 4gb ram. Central control via puppet and a repo, works pretty well.

>>7617140
C3000 with 8 blades, would be ~8.2kh/s (cryptonight) on 6200 series, or 10kh/s on 6300 series opteron. Power draw ~2.4kw. Rest is up to you to fill in.

>> No.7617253

>>7616719
If miners have facilities like this.
Then wouldnt some EMP proof their stuff?

So the threat of an EMP killing bitcoin is wrong if at least 2/3 people have EMP proof bitcoin bunkers?

>> No.7617288

>>7617238


Botnets as in viruses which mine for the host?

>> No.7617318

>>7617288
Yes, and also they infect web servers and serve java miners to anyone who visits those websites. Saw a botnet a few days ago with 96 mh/s, hes racking in ~$200k per day infecting systems.

>> No.7617331

>>7615756
what pool are you using?

>> No.7617398

>>7615251
If you're in San Antonio, can I come work for you?

>> No.7617412

>>7617318

God damn this is why I love crypto. The true Wild West

>> No.7617437

>>7614594
miners are the new soyboys

>> No.7617439

>>7617238
Interesting to hear your take on it. Obviously as someone that's invested a lot in your own hardware the rise of monero botnets must be frustrating. I don't think the Monero devs can do much about it that wouldn't compromise their stance on remaining ASIC resistant though.

>> No.7617473

Anyone ever tried cloud mining?

>> No.7617516

>>7617412
Yeah, /biz/ is more /cyb/ than >>>/g/cyb/ ever thought about.

>> No.7617549

>>7614594
Hi Chode

>> No.7617616

>>7616493
Jesus you are using teamviewer? Might want to switch to something a little more secure mate

>> No.7617909

>>7617439
Well, there are ways to change the PoW to combat botnets, but most solutions comes with penalties to cpu miners or older hardware. But if the mining community got a say in it, they would most likely want something against the botnets. Currently they are a much larger threat than asics as abut 60-70% of total hashrate is botnet run (stats from pool operators).

>> No.7617941

>>7617318
Infected websites or windows pc's (more likely?)

>> No.7618662

>>7617238
>They will all be un-minable within a month or two (profit-wise)
So we basically missed the asic proof coin mining boat?

>> No.7618684

>>7616719
motherfucker you live like the goddamn batman. who the hell are you? crypto millionare with too much time on your hands?

I wonder how much precent of /biz/ posters are super successful chads irl. First op then you, cmon someone post a fucking golden lambo with timestamp, I wouldnt even be surprised...

>> No.7618843

>>7618684
Biz is basically millionaires larping as NEETs and NEETs larping as millionaires, plus some pajeets and trolls.

>> No.7618912

>>7614594
Have 12* GTX 1070 and 12* Rx 580
Take me in :D
fogaras455@gmail.com <- contact

>> No.7619043

>>7615704
same here, 16 1080Ti and a handful of 1050tis.. I mined garlicoin for the first week, now I'm on zclassic for the fork but mining shitcoins early and holding for long term and/or flipping for large profits pre-exchange definitely interests me

OP hit me up if yall need some more hashpower in your group

>> No.7619107
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7619107

>>7614594
wtf, I'll better sitback and do nothing for $250 than rip my ass 24/7 for $1300.

You are deluded, a lot of miners fully understand how to get maximum gains, but it's too much work, as someone already said.

>> No.7619121

>>7619107
what a dum dum

>> No.7619755

>>7619107
nigga you serious? work your "arse off" for a year or two then live like a king for the rest of your life seems like the smartest thing to do.
Earning 250/day for a few years is no guarantee but earning 1300 per day for years is gonna grant you financial freedom in no time.

what the fuck is wrong with you faggots? I born in a poor eastern europeen shithole, some people are still earning less than 400usd per month. I worked my ass off so I could go to a more civilized country and I worked my ass off so I could have money to start something with myself because the life of a wageslave cant end well...

you fags are disappointing.

>> No.7619986

Your taxes are going to be a bitch.

>> No.7620083

Most times you are better just buying and holding a coin than mining it

t. man who spent a lot of BTC in 2013/2014 to mine BTC and ended up being much better off just holding it since BFL and some others didn't come through

>> No.7620322

>>7616208
Also add in the fact more and more coins are moving away from POW to POS and other variations due to the stigma of high electricity usage.