er
7 years ago in #bitcoin by bitcoinflood (79)
$2.36
- Past Payouts $2.36
- - Author $2.31
- - Curators $0.04
20 votes
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Its not true that power costs are 10x mining profits.
GPU mining of ETH Monero & many others is still profitable unless your electricity costs are over 25-30c per kWh.
Anyone who is mining who wants a chance for extra money should Join the $300BN Global Class Action 🌏 Against Facebook & Google's Crypto Ad Ban.
Its a no win no fee chance to recover your losses 🌈💰 from market drops.
See https://steemit.com/cryptocurrency/@apshamilton/we-re-suing-facebook-and-google-for-usd300-billion-want-a-part-of-the-action
Is it is now good time to buy GPU?
Actually that is a good question it very well could be as prices have dropped when demand went down for mining. With prices of crypto pumping again now might be the time to buy before they pump to high levels again. Back when demand was high my 1080 GPU would go used for about $1,200 I bought it for $550 lol
Thank for explain honey miner i will try it
your welcome :)
This is really interesting! Are they transparent regarding the level of security we have by running the software?? Does it have access to anything else on our computers? I typically think about mining as better to have complete control of the mining and the use of our computers.
Have not looked into it to much yet but seems legit and solid. You can open the console and see what its doing at any given time. But also of course if you can set everything up yourself that more power to you but this allows ANYONE really to mine crypto now and at least profit somewhat without any skills. Which is what we really want right bitcoin in more hands means more better!
Making 0.85c a day is not a big amount even with 1080! ;)
Nope but its better then going in the hole which is what happens now if you mine bitcoin or any of the top coins with a GPU
Mine Monero $XMR or Electroneum $ETN for better roi... GPUs can't compete with ASICs, if you want more hash go FPGA.
Mining is still very much profitable with Altcoins, ie Monero $XMR cloud contracts didn't budge during the recent bear market while $BTC contracts were terminating left and right. There are numerous coins out there that you can mine and convert to $BTC with good ROI. Even some of the newer stake-able coins that can also be mined generate more crypto.
interesting.
I never tried to mine anything. Maybe it is a good thing to try