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332447 No.332447[DELETED]  [Reply] [Original]

I've never mined cryptocoins before. Is it too late for me to get started? Not looking to make any serious money, mainly just a hobby.

>> No.332458

>>332447
>mainly just a hobby
No
>career?
Maybe
>free money?
Too late.

>> No.332469

>>332447
I still make ~$8-10 a day (used to make $20-30). from 2x 1M/Hs miners. The total hardware cost around $2000 though then I also have 2 sick gaming PCs.

>> No.332525

>>332469
I'm assuming you know your shit.

If I happen to have a couple of geforce titans sitting around, how are they for mining?

>> No.332566

>>332525
320-360k/hs each: https://litecoin.info/Mining_hardware_comparison

About $2-3 a day if you mine scrypt/nscypt - $3-4 if you can be bothered to configure a primecoin gpu miner.

Nvidia has historically been shit compared to AMD a couple of very new Nvidia GPUs however are more comparable if not better at mining.

>> No.332569

>>332566
>About $2-3 a day if you mine scrypt/nscypt - $3-4 if you can be bothered to configure a primecoin gpu miner.

Assuming you use 2. Less electricity its not going to be very profitable unless you anticipate a rise in the value of crypto or sell on a pump.

>> No.333468

>>332447

Use your existing HW to get started. You'll learn the basics of setting up wallet, pool, maybe exchange, etc.

R9 290x's are cheap on ebay right now ($600 cards back in Feb are going for $300), as tons of late-to-the-party miners like me are dumping their HW to try to cut losses.

I have a 2x R9 290x setup that has been running set-n-forget on doge.

If you want to make highest profit, you'll be spending alot of time reading/researching trying to stay ahead and find the "latest n greatist" thing to mine for a profit pop. Multipool is another way, but you'll end up just about covering electricity costs.

I devided to get in to learn. I learned that it's not very easy to extract actual profit, and that I'm sitting on $1600 of "killer gaming" HW and I don't even really play games anymore.

>> No.333471

>>332569
This. You have to catch the pumps, you have to mine the correct coin, you may waste electricity mining the incorrect coin. It sucks.