Any minerchads here?

[Anonymous No.28847675]

Investors and traders only make money when line goes up, but miners make money all day every day even if everything crabs forever. As a miner, it's against my own self-interest to attract more people into mining, but I'm such a humanitarian that I'm telling you all about it anyway. AMA

[Anonymous No.28847748]

>>28847675
Aren't the gains microscopic? Don't you need a bunch of expensive PCs? Does your electricity bill outweigh the gains?

[Anonymous No.28847813]

>>28847748
Op leeches electricity off his parents

[Anonymous No.28848002]

>>28847748
>Aren't the gains microscopic?

The key is not to overpay for hardware so your returns are high. Buy used and learn to haggle. It also helps if you know how to build so you don't have to pay for overpriced mining rig frames and kits. If you do it right you can get ~100 day ROI.

> Don't you need a bunch of expensive PCs?

You need video cards that are relatively expensive, but it's an investment like anything else. You can also CPU mine Monero quite cost effectively with a couple Ryzens but you're looking at a 2-3 year ROI on that, so not as lucrative as GPU mining; still, since you need a CPU anyway, it might as well be something that eventually pays for itself as well.

> Does your electricity bill outweigh the gains?

Not even close.

[Anonymous No.28848546]

>>28848002
I'll believe you if you say how many cards are you running and how much is the bill

[Anonymous No.28848596]

>>28848002
what would you say is a good rig(gpu and how many) that would get a 100 day ROI and what price would you be looking at

[Anonymous No.28848660]

>>28848546

I have a small operation in the large scheme of things, it's only 7 cards and pulls about 975w total

[Anonymous No.28848707]

A friend of mine steals electricity from his university dorm to mine. I heard it wasn't really worth it unless you have access to free electricity.

[Anonymous No.28848724]

There was an IT guy that use to mine Bitcoin in Australia at his (government job) some years ago, he had 100s of computers mining BTC for him, they only found out because that specific branch he worked at had huge power bills compared to other branches.

I think he got fined a few million $

[Anonymous No.28848764]

>>28848660
What kind of gains are we talking about

[Anonymous No.28848763]

>>28847675
can you mine Boringdao? If so I am

[Anonymous No.28848793]

>>28847675
Hey minerchad. I'd like to join a pool of miners and earn a little bit of holding coins but i dont want any viruses from installing mining software. Wat do? I'm paranoid.

[Anonymous No.28848827]

>>28847675
>Invests in hardware that gets outcompeted every 6months and becomes obsolete
>Investors and traders only make money when line goes up
Yeah.. no.. I am enjoying my passive yields that earn 50-300% apy on my stables/btc/defi blue chips, without risking my capital on gear that takes years to pay off.

[Anonymous No.28849929]

>>28848764
ignore op, he's not providing how much he actually spends per month in electrical because then we can actually do math to check if he's lying

[Anonymous No.28850162]

>>28848793

Your fear of viruses from mining software is unfounded. Go with any mainstream miner and you're fine.

[Anonymous No.28850221]

>>28847675
VRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
HENLO? THIS IS YOUR ANTMINER S9 YOU BOUGHT FOR $350 THAT WAS ONLY $20 A FEW MONTHS AGO ARE YOU ENJOYING GOING DEAF FOR 2 DOLLARS A DAY??

[Anonymous No.28851118]

>>28847675
what are you mining?

[Anonymous No.28851503]

>>28850162
Thanks bro. I shall give it a try and see if i can earn a few cents worth of some mainstream coin.

[Anonymous No.28852041]

Here are some prices

For me, a kwh of electricity is about $0.20
My rig usues 3kwh per day
The coins I mine are worth $5 per day.
Therefore daily profit is (5-(0.2*3))