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File: 36 KB, 650x430, rtx-3080-cryptos-mining.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Tue Feb 9 04:44:43 2021 No.28178932 [Reply] [Original]

>mine shitcoins on your gaming pc
>make sure to only mine coins that are easy to mine and cheap
>wait till one of the coins blows up 1000x
>Sell for millions
Why are you not using this get rich quick scheme /biz/?

>>	Anonymous Tue Feb 9 04:45:29 2021 No.28178974 >>28178932 If only I managed to find easy to mine shitcoins :/

>>	Anonymous Tue Feb 9 04:46:43 2021 No.28179032 No shitcoin is mineable with a 2080 ti anytmore

>>	Anonymous Tue Feb 9 04:46:54 2021 No.28179038 >>28178974 Are new coins not easy to mine or what?

>>	Anonymous Tue Feb 9 04:47:25 2021 No.28179055 >>28179032 >not using his crypto gains to buy new cards ngmi

>>	Anonymous Tue Feb 9 04:47:58 2021 No.28179080 >>28178932 >wait till one of the coins blows up 1000x Why would that happen?

>>	Anonymous Tue Feb 9 04:48:15 2021 No.28179099 in 2016 i bought 5 GTX 1070s for $550 a piece. I mined. Was making a nice $200 a month. Bitcoin crashed. Now making $2 a month. Price of GTX 1070s goes down to $180 a piece. Yeah not doing that again

>>	Anonymous Tue Feb 9 04:48:59 2021 No.28179122 File: 378 KB, 960x768, 1610929163647.png [View same] [iqdb] [saucenao] [google] >>28179099 fuck you this was me only bigger

>>	Anonymous Tue Feb 9 04:49:00 2021 No.28179123 >>28179080 Time >no crypto was worth anything in 2014 >6 years later they are worth thousands

>>	Anonymous Tue Feb 9 04:49:42 2021 No.28179147 >>28179099 Should've mined doge or other new shitcoins

>>	Anonymous Tue Feb 9 04:50:29 2021 No.28179177 File: 58 KB, 500x500, 1612338556617.jpg [View same] [iqdb] [saucenao] [google] >>28179123

>>	Anonymous Tue Feb 9 04:51:31 2021 No.28179219 >>28179177 what..?

>>	Anonymous Tue Feb 9 04:52:32 2021 No.28179278 >>28179038 it's a shitload of shitcoins on eth and a very small fraction are on their own chain and among those, it's such a hard task to find which ones are even relatively okay

>>	Anonymous Tue Feb 9 04:54:19 2021 No.28179352 >>28179123 BTC was around $1k in 2014

>>	Balasubramanian Vijayan Tue Feb 9 04:55:28 2021 No.28179409 >>28179099 >Have one GTX 1070 >Miner set to a mere 20 Mh/s because I am using the computer for work as we speak >$80/month >Ethereum

>>	Anonymous Tue Feb 9 04:56:44 2021 No.28179464 >>28179409 right now? jesus maybe i shouldnt have been out of the loop for 5 years. fun fact i originally bought bitcoin for $14 in about 2012 then sold it for a loss

>>	Anonymous Tue Feb 9 04:58:07 2021 No.28179506 >Not taking your mega gaming rig into work and using company electricity to mine Pathetic.

>>	Anonymous Tue Feb 9 04:58:32 2021 No.28179529 Imagine using "get rich quick" and "wait" in the same post

>>	Anonymous Tue Feb 9 04:59:49 2021 No.28179574 what kind of hardware for 1k / month at $0.15 / KWh electricity cost? asking for a friend in minecraft.

Anonymous Tue Feb 9 05:00:34 2021 No.28179610

>>28179099
>>28179409
are those numbers before or after electricity bills? and what year are we talking about? the last time i wanted to get into mining i heard its not worth it anymore unless you get free electricity unless you like a couple cents a month and killing your GPU and performance

>>	Anonymous Tue Feb 9 05:02:04 2021 No.28179666 >>28179055 RTX 3080s out of stock everywhere

Balasubramanian Vijayan Tue Feb 9 05:02:12 2021 No.28179674
File: 61 KB, 1000x415, gpu-mining.jpg [View same] [iqdb] [saucenao] [google]

>>28179464

tl;dr don't go into mining. It will not last.

Yes, but it is only with the recent rise in ETH price and huge fees. Also EIP-1559 is just around the corner (as usual) which will make mining less profitable.

I originally had 18 GTX1070s, but sold them all after the crash and ETH ASIC arrival. I was also afraid that ETH 2 is just around the corner and that POS will be the norm. Silly me.

>>	Anonymous Tue Feb 9 05:03:09 2021 No.28179716 >>28179574 4 x 3070s iirc

>>	Balasubramanian Vijayan Tue Feb 9 05:03:46 2021 No.28179743 >>28179610 Before bills. You can calculate approximate mining profits here: https://whattomine.com/coins

>>	Anonymous Tue Feb 9 05:03:46 2021 No.28179745 >>28178932 >Mine ethereum >use the bigger amount of money to buy cheap shitcoins >coin blows up 1000x >you get even more than you thought because you mined in eth and not a shitcoin

>>	Anonymous Tue Feb 9 05:04:14 2021 No.28179760 >>28179674 I was planning on getting 1 card for miming, it’d pay for the cost of a new pc or at least heavily subsidise itself. My laptop is outdated.

>>	Anonymous Tue Feb 9 05:05:07 2021 No.28179795 >>28178932 >Why are you not using this get rich quick scheme /biz/? I downloaded the reef wallet to mine reef, but it's so shit it can't find any other nodes to add.

>>	Anonymous Tue Feb 9 05:06:12 2021 No.28179833 >>28179464 >i originally bought bitcoin for $14 in about 2012 then sold it for a loss I can remember the first ever crash when it dropped from $0.12 to $0.04 and everyone panic sold.

>>	Anonymous Tue Feb 9 05:06:24 2021 No.28179844 >>28179745 >mine eth >exchange eth for shitcoin >shitcoin shits the bed >eth reaches $10k

>>	Anonymous Tue Feb 9 05:06:59 2021 No.28179873 >>28179464 >fun fact i originally bought bitcoin for $14 in about 2012 then sold it for a loss i cant stop fucking laughing

>>	Anonymous Tue Feb 9 05:07:34 2021 No.28179897 >>28179833 God. I wish I got into crypto early like I wanted and didn’t listen to normie fudders

>>	Anonymous Tue Feb 9 05:07:39 2021 No.28179901 >>28179844 That is the better play, I'm just saying that mathematically there's no reason to mine the more profitable coin and then buy the shitcoins

>>	Anonymous Tue Feb 9 05:08:33 2021 No.28179947 >>28179716 holy shit, that's worth considering, cheers

>>	Anonymous Tue Feb 9 05:08:36 2021 No.28179951 >>28179873 Imagine he bought 200 btc then sold it for $500

Anonymous Tue Feb 9 05:08:49 2021 No.28179958

>>28179674
either dumb take or this anon is a miner and don't want you to touch his gold mine

mining eth is insanely profitable right now. not only the block rewards are huge, but you make as much from gas fees as from block rewards
even on hobby gaming computer current cost basis is about $400 per eth. chinese mining operations are paying under $100 per eth

hashrate here
https://etherscan.io/chart/hashrate

as you can see, only +25% since one month ago

price went from $700 to $1800 in the same time range (+157%)

eip-1559 will not go live within the next 6 months. even if hashrate gradually tripled between now and then, you basically have enough time to start a mining operation today and be in the green by summer. after which you make even more profit, regardless of eip-1559

>>	Anonymous Tue Feb 9 05:10:06 2021 No.28180019 File: 624 KB, 681x677, 1527402111578.png [View same] [iqdb] [saucenao] [google] >>28179464 >fun fact i originally bought bitcoin for $14 in about 2012 then sold it for a loss

>>	Anonymous Tue Feb 9 05:11:24 2021 No.28180075 >>28178932 because it's a waste of time and likely to stay at 0. nobody mines anymore what is this 2014? staking is the new mining. Suterusu, desu.

>>	Anonymous Tue Feb 9 05:11:28 2021 No.28180077 >>28179745 >>28179901 >RUIN

>>	Anonymous Tue Feb 9 05:11:37 2021 No.28180084 >>28179464 >bought bitcoin for $14 in about 2012 then sold it for a loss a true /biz/raeli

>>	Anonymous Tue Feb 9 05:30:23 2021 No.28180968 >>28179409 exactly the same here

>>	Anonymous Tue Feb 9 05:37:25 2021 No.28181279 What software is best for Nvidia GPUs?

>>	Anonymous Tue Feb 9 05:54:10 2021 No.28182017 File: 45 KB, 300x300, pinkie.png [View same] [iqdb] [saucenao] [google] >>28179464 hello pinkie

>>	Anonymous Tue Feb 9 06:18:58 2021 No.28183099 very oversimplified version you sound like a newbie

Anonymous Tue Feb 9 06:22:00 2021 No.28183245

>>28180084
A friend and I mined over 10 bitcoin in the absolute beginning, prices went up and then they crashed leaving us with something that wasn't worth anything and the only way to spend it in our country at the time was by ordering food...so we had some expensive pizza's in hindsight

>>	Anonymous Tue Feb 9 06:39:42 2021 No.28184044 >>28183099 Elaborate then

>>	Anonymous Tue Feb 9 06:40:20 2021 No.28184071 >>28183245 You already know theres some retard with 100s of bitcoins from 2010 on his pc and he doesnt even remember them

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