/biz/ - Business & Finance

And how much more electricity are you spending daily, bub?

>>30039861
0,07 kw/h
peanuts

>>30039829
ngmi lol

>>30039956
0.07 / kwh
power = energy / time
energy = power * time

>>30039829
I'm earning 8€ per hour serving burgers
Checkmate crypto fags

300 a month is nothing, will take 5 months to pay that shit off and it will have been degraded

>>30041331
>it will have been degraded
My RTX 2060 puts out around $150 of ETH monthly, and I could sell it right now for more than I paid for it on day of release.

>>30041331
It will not be degraded, and you always have a warranty

>>30039829
in 175 days you have paid off ur overpriced gpu (not facturing in power costs)

>>30041507
he could likely sell it for more than he paid for it considering the high demand on GPU's right now

stop discussing about bridges if you don’t know how they are working
this hype train wouldn’t work on 4ch
go tell about this trash on FB or twitter lil tard
my bros not an idiots , we hold and farm on julswap

>>30039829
Electricity, equipment cost and taxes. It just isn't with it.

>>30039829
What coin

>>30041471
Mining voids the warranty dude

>>30039829
So is mining still worth it? I have free solar power. I could buy some GPUs and start mining every day by day, but am not sure if I would ever get my initial back.

>>30041331
>>30041800
Imagine being this delusional

>>30039829
what are you mining fine sir?

I'm thinking of moving to the desert. Can I mine crypto using solar panels? Would it be profitable?

>>30041331
nothing? Its a month worth of food..

>>30039829
How much did it cost you

>>30039861
>And how much more electricity are you spending daily, bub?
mining rig is literally more efficient in heating the living space of my home than the electric heating element inside the floor is, pays itself back and electricity used for mining is tax deductible where I live, as is the mining gear

>>30041800
>excuse me sir but have you used this card for mining?
>no
Problem solved

>>30039829
You're lucky to live in a shitty third world country with cheap electricity. Romania?

>>30043838
sounds you're from germany

>>30039829
and when u finally can afford another card to start gaming with you will just start mining with that too.

it never ends. Get out while you can.

>>30043813
Based

>>30043782
Except that GPU's are designed to be GPU's , not radiators. You are burning through your cards unless you have an actual serious rig and plan m8

>>30045140
>You are burning through your cards
the newer cards can at literally same hashrate at 50% power as at 100%, also, I have literally never had a GPU die on me
>not radiators
it literally has one kilo of metal on it for radiator

>>30041331
Kek, look at this faggot everyone, he's priced out of vidya cards lmao

>>30041507
>free high end GPU after 175 days
Sounds like a good deal?

>>30045525
risk is if the market collapses and you cannot operate out of pocket to accumulate coin due to electricity costs or something while waiting for prices to improve

>>30045757
>electricity costs
Stop with this meme anon, its one GPU, not a mining rig with 10 gpus. its peanuts
>risk is if the market collapses
Agree. Then I will use the GPU to play videogames and VR (thats why I boiught it after all)

I bought mochimo a month ago and its up 1100%, why is it going up so much !??!

>>30039829
God I wish I was you, any tips for a new miner? Mining with a shitty NVIDIA GeForce GTX 1060 6GB, making about 1-2 quid a day on nicehash.

>>30040113
...

>>30046029
>any tips for a new miner?
With a 1060 6GB you will have 25mh/s, you can't really do more.
Mining ETH will stop this year, so not worth it to invest now. I already had my gpu so I went for it.

>>30046141
>Mining ETH will stop this year
has it actually been really confirmed for real? it was originally supposed to happen in 2018

>>30039829
>>30039956
Country?

>>30039861
>load ze electricity fud
In fact you haven't heard nigger, mining profits during a bull market outweigh electricity costs by atleast 50 : 1

>>30046141
I mine BTC, not ETH.

>>30041331

>>30047926
Please read about what you are doing.
With a 1060 you are not mining BTC, you would make 0 money there because it is dominated by ASICs.
FYI Nicehash PAYS you in BTC, but in the background it mines the coin that is most profitable for your equipment. I can 100% guarantee you that right now, that is ETH.

>>30046661
ethereum classic.
do you think miners will just stop mining? ethereum classic is an easy switch.

>>30048202
How do you know ETH mining is gonna end in like 365 days?

Reminder you can stake crypto and not pay any electric

>>30039829
mommy and daddy wouldnt let me buy a rx 580 (8gb)for 180 euros brand new so i can kickstart mining eth

>>30049125
They are talking about ETH 2.0 which will switch Ethereum from Proof-Of-Work to Proof-of-Stake.
After that happens ethereum stops being mineable, but you can stake your eth if you want to earn more passively.
But nobody knows when that will happen, there have been estimates given that it will be this year since eth 2.0 phase 0 launched recently.
Personally I wouldn't expect it until late next year going by how much time it took them to get phase 0 started.

>>30047926
lol no

I'm making $200 a day from defi

>>30046034
Fucking weeb

>>30049374
Why not do both?

I'm earning €2 per day by staking ADA.

>>30043240
a real patrician choice, sir. do watch out for clouds.
consider a hotel as an interim solution.

I tried to set mne up yesterday.
Using claymore with binance-pool. It seemed to work, but there was no activity logged on binance.
I used my binance-worker in the start.bat. What may I have done wrong?

>>30050247
How much are you staking?

>>30039829
I want to mine because the concept is so cool but it feels dumb if it’s not at least slightly profitable. Someone please redpill me (retarded) on mining? I live in Texas, electricity isn’t that expensive.

>>30040331
$9.62 is minimum wage in some country anon

>>30051214
Do you have a RTX 3070/3080/3090?
No? Forget about it then
Do you have 10 gps around your house?
No? Forget about it.

>>30039829
I'm making $150/day from staking my longterm holds

>>30051612
what coins

>>30051214
>How much are you staking?
200k, balancer BAL pools, but I'll have to get out before this cycle ends otherwise I'm toast

>>30051115
bump, got a 3080. thanks in advance

>>30043813
what if ye police comes into at ya house and asks for ay loicense m8?

>>30052066
mogged

I sold my NVIDIA graphics card at the beginning of COVID because I upgraded to hackintosh. Is it possible to mine on an AMD WX 5100? Was going to be a backup gpu at best but then I got stuck with it.

>>30054456
I have tons of 128 gb RAM and a great cpu. My graphics card is just kinda crap. Any coins that would make me money with this set up?

>>30039829
Must feel really great to be 12 living with your parents and having no other responsibilities or bills to pay.

>>30043478
yeah but is it worth it skipping your full time job to mine $300 a month? On top of having to recover your costs for the GPU, which by the end of the day it's probably better to simply wait for those cards designed for miners.

Unless you're working from home, that's kinda hard to pull off.

>>30041820
You cant buy gpus though...2.5x retail.
If you already have them you def should be mining though...

>>30041411
>RTX 2060
what mining software you using? just bought one.

Congrats burning your VGA so that you won’t even break even with your mining gains when you have to buy a new one

>>30055149
I'm using gminer. It's on github.

>>30055219
>when the chatbot almost writes an intelligible message

>>30054907
Why would I skip my job just because I mine?
Do you think my computer can't produce ethereum without my non-stop supervision?
Also, like most people I assume, I bought a new GPU for gaming recenty so the mining is just a nice bonus, not a tool to "break even".

>>30041693
in my country mining up to 28 bitcoins a year is considered hobby mining and is therefore tax free.

>>30055487
>gminer
thanks anon. i remember using this way back

You would probably earn more if you staked your graphics card money on swop.fi :D

>>30040113
3080 is rated at 270 watts anon. for an hour that is 0.270kwhs

>>30041693

He bought it for gaming so equipment costs don’t matter.

>>30039829

Yeah I’m thinking based

>>30054907

I literally went on a 1 week vacation and came back and my computers made me over 100 bucks while I was gone, kek

>>30056972

So that’s $23 a month at 12 cents a kilowatt when it makes you $300+ in mining profit. Cope harder

>>30039829
teach me, sensei

>>30039829

Paid $1300 for 2 3000 series GPU’s and have made $800 mining since buying them in early Jan

>>30057885
I would anally rape my mum to be like you.

>>30039861
>And how much more electricity are you spending daily, bub?
nothing if he's smart like me and runs an extension cord to his neighbor's outside outlet lmao

>>30052798
>oi officah, you got a loicense for asking me that m8?

>>30056972
Which means he pays about $2 a day even if he lives in the country that has the highest electricity fees (Germany).
Was there anything you wanted to say?

>>30056972
>3080 is rated at 270 watts anon. for an hour that is 0.270kwhs
So you have never mined? Those new cards run at like 50% power with exactly the same hashrate as at 100% power