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Crypto Mining Question - Printable Version +- Hack Forums (https://hackforums.net) +-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241) +--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380) +--- Thread: Crypto Mining Question (/showthread.php?tid=6103189) |
Crypto Mining Question - 1Goal - Aug 16, 2020 Is mining ETH or BTC even worth it anymore in the US ? I have about 3k thinking of investing into a mining rig. RE: Crypto Mining Question - RIP Juice WRLD - Aug 16, 2020 (Aug 16, 2020 12:13 PM)1Goal Wrote: Is mining ETH or BTC even worth it anymore in the US ? I wouldn't mine ETH or BTC. I would mine XMR or some other "smaller" coin. RE: Crypto Mining Question - 1Goal - Aug 16, 2020 (Aug 16, 2020 12:14 PM)RIP Juice WRLD Wrote: I wouldn't mine ETH or BTC. you think it's worth it to invest into a minning rig atm ? thanks for the suggestion RE: Crypto Mining Question - RIP Juice WRLD - Aug 16, 2020 (Aug 16, 2020 12:15 PM)1Goal Wrote: you think it's worth it to invest into a minning rig atm ? Personally I wouldn't do. Cryptocurrency is like the wind, you never know which way it's going to go. RE: Crypto Mining Question - 1Goal - Aug 16, 2020 (Aug 16, 2020 12:16 PM)RIP Juice WRLD Wrote: Personally I wouldn't do. Cryptocurrency is like the wind, you never know which way it's going to go. haha was looking into either that or learning to day trade. But I suck at reading charts. RE: Crypto Mining Question - shreder - Aug 16, 2020 Unless you have a large capital and have secured long term space to house your mining equipment with cheap electricity it's not that worth it. RE: Crypto Mining Question - Omniscient - Aug 16, 2020 What's your capital like for the investment? RE: Crypto Mining Question - 1Goal - Aug 16, 2020 (Aug 16, 2020 12:39 PM)Omniscient Wrote: What's your capital like for the investment? not much I just started saving not to long ago and saved about $3k Still 20yr btw (Aug 16, 2020 12:21 PM)shreder Wrote: Unless you have a large capital and have secured long term space to house your mining equipment with cheap electricity it's not that worth it. thanks and yeah don't have a large capital so yeah... RE: Crypto Mining Question - RIP Juice WRLD - Aug 16, 2020 (Aug 16, 2020 12:51 PM)1Goal Wrote: not much I just started saving not to long ago and saved about $3k With 3k I would not suggest building your own mining rig. RE: Crypto Mining Question - The_Orange_Badger - Aug 17, 2020 depends on what kind of return you are looking for. Also, the cost of electricity in your state may vary. mine is 0.08 kwh so I will probably only make $1.5 a day with my 1070 ti RE: Crypto Mining Question - RIP Juice WRLD - Aug 17, 2020 Did you figure something out, OP? RE: Crypto Mining Question - Halo - Aug 17, 2020 I wouldn't bother with such a small investment. RE: Crypto Mining Question - 1Goal - Aug 18, 2020 (Aug 17, 2020 02:34 PM)Dabears69 Wrote: depends on what kind of return you are looking for. Also, the cost of electricity in your state may vary. (Aug 17, 2020 04:10 PM)Focus Broken Wrote: $3k would buy you two Antminer S17s, secondhand. They apparently have a failure rate of 30% due to faulty heat sinks, the Whatsminer M20S performs about the same and I've heard it's reliable. (Aug 17, 2020 05:14 PM)RIP Juice WRLD Wrote: Did you figure something out, OP? (Aug 17, 2020 10:39 PM)Halo Wrote: I wouldn't bother with such a small investment. Thanks guys yeah guess it's just not worth it. Guess I'll just buy more BTC and just hold it instead of mining. At first I thought I could make $10-20 a day but nvr it's way lower. |