Crypto Mining

[Anonymous No.56500034]

Im a hobbyist crypto miner, i am trying to mine on Mac and windows but would be interested in running Linux. I have a working rig on windows and I’m setting up one with my Mac as well. Feel free to ama or share your experiences crypto mining, any tips would be appreciated.

[Anonymous No.56500050]

Question: do renewables constitute a profitable source of energy for crypto mining?

[Anonymous No.56500074]

*farts*

[Anonymous No.56500106]

>>56500034
>Im a hobbyist crypto miner
translated: I run a useless asic and I lose money

[Anonymous No.56500117]

>>56500106
When I did some back of the napkin math, I figured I could make 30k in 10 years at my current rate.

[Anonymous No.56500128]

>>56500106
>can't into simple math
Miner since 2010

[Anonymous No.56500133]

>>56500034
I mined ETH before POS. What coins are profitable today?

[Anonymous No.56500136]

>>56500117
>He didn't consider the hashrate increase
>Buy a new shitty crypto miner
>Consoom a shitload of energy to run it
>Performance decreases over time
>Probably you will barely break even
>You could have done the same amount of money or more by using the money to buy the shitcoin you're mining and trading it

[Anonymous No.56500146]

>>56500136
I figure if I can do it till my lease is up I could make a return and I’d have a free crypto miner.

[Anonymous No.56500182]

Even the publicly trading mining companies that have sweetheart deals with electric companies know that anything but the latest ASIC miners won't be profitable at the halvening. You said you were mining since 2010. There's zero chance in hell your ASIC is profitable right now at the rate of electricity rate you pay, unless you live in some shithole country or steal electricity.

[Anonymous No.56500238]

>>56500117
Your hardware won't last running full tilt for 10 years. Factor in replacement X5.

[Anonymous No.56500241]

>>56500238
It will last as long as I can damn well make it!!!!

[Anonymous No.56500279]

>>56500146
>A broken crypto miner mining 0,0001/d because of the hashrate increase
>Less shitcoins than the amount you would have by just buying them with the same money

[Anonymous No.56500312]

>>56500241
cringe boomer response. spend as much money as you can on mining hardware. it the appropriate measure to take for someone of your intelligence.

[Anonymous No.56500327]

>>56500312
I have no money, can I just install some software on your computer?

[Anonymous No.56500339]

Give it to me straight lads, if I buy 1 mememiner after the halving, so a good one and use it without paying for energy (I dont pay for energy because I lease my land to the electric grid company) would it be profitable?

[Anonymous No.56500354]

>>56500327
boomers cant into

[Anonymous No.56500371]

>>56500339
>more retards buying crypto miners
>hashrate increases
>less crypto mined
>new crypto miners out for $999999
>other retards buying new crypto miners
>your miner gets outdated and makes 0,000001/d
rinse and repeat

[Anonymous No.56500378]

>>56500354
How about this, we buy a 20 dollar usb solar panel and hook it up to an old crypto miner from eBay, and see if we take care of it if it can turn a profit theoretically. That would be fun.

[Anonymous No.56500381]

>>56500371
Okay, that doesnt answer my question and you sound quite biased and somewhat mad.

[Anonymous No.56500383]

>>56500378
buy an ad

[Anonymous No.56500389]

>>56500383
Sorry, there’s nowhere else to discuss literally anything related to crypto mining on this website.

[Anonymous No.56500404]

>>56500381
He's right tho.
Energy cost is just part of the price, you have to consider that miners are very expensive.
No one guarantees that the hashrate won't skyrocket and your miner will become useless.
Many retards barely break-even with the price they paid for the miner itself.

[Anonymous No.56500408]

>>56500378
You're a moron. ASICs have the power draw of your dryer. They can't even use a standard outlet. You can't power them with your Walmart solar panel.

[Anonymous No.56500415]

>>56500408
You could power a really low energy system.

[Anonymous No.56500420]

>>56500389
question why there are even videos online teaching you how to mine when the average chump miner would be hurting his profits by doing that.

[Anonymous No.56500421]

>>56500408
The real question is, how long can you maintain the hardware?

[Anonymous No.56500429]

>>56500404
Many retards pay for electricity and even id say most of them do, I dont that gets me ahead and I can sell the miner at a profit here were I live even after used, I checked the pages for used mining hardware and people just slurp them off the shelves, but wanted to hear the non normie take on this

[Anonymous No.56500436]

>>56500420
>why do people getting paid in money and or equipment do shadow sponsored videos
Fucking retard

[Anonymous No.56500440]

>>56500429
There is no non normie take on this.

[Anonymous No.56500447]

>>56500429
>used
Yikes, good luck

[Anonymous No.56500450]

>>56500436
dont feed the boomer.

[Anonymous No.56500456]

>>56500415
No, you can't. Your ASIC won't work at all, brainlet. You need the correct power draw. Even mining companies that write custom firmware to underclock their miners during high cost surges still need a 240 volt outlet.

[Anonymous No.56500458]

>>56500447
I wont buy used, I vill buy new and be ze happy but then dump my mining bag on someone else

[Anonymous No.56500459]

>>56500447
I have so little sun dude…. I have barely any… so it must be done in a fashion where amount of sun present doesn’t matter.

[Anonymous No.56500463]

>>56500459
Is this even possible? What is the minimum amount of sunlight required to run a Bitcoin miner at all? Lowest energy system possible? 1hash per sec

[Anonymous No.56500475]

>>56500463
Bro just tap into the fucking grid or ask a friend who already has that grid to run it for you, oay him peanuts and be done, solar is a fucking scam you will never ever see the roi in your lifetime and you need extra equipemnt too inversors and batteries and whatnot that break really fucking easy

[Anonymous No.56501195]

>>56500182
You can get better hash per watt by undervolting old miners

[Anonymous No.56501206]

>>56500339
Take a loan and buy a miner now and mine until the bull end of 2024, then sell the miner for 3x and keep your BTC in a wallet.

[Anonymous No.56502653]

>>56500034
I run a s17 on solar power for heat in the winter, nets me 2€/24h…

[Anonymous No.56502663]

>>56502653
interesting idea but how do you maintain it effectively? How long will the hardware last? What is the best hardware on the market? What is the best technology?

We need to know this so we can know if it's even more profitable than planting a tree.

[Anonymous No.56502737]

>>56502663
its configured to operate at 1000W so not really its not really wearing the components down too much… I am currently testing everything so I have no answer for you. at this current rate, I would need 3250 days of current profitability to break even on the total investment

[Anonymous No.56502742]

>>56502737
its not really wearing*

[Anonymous No.56502752]

>>56502737
interesting proposition... forestry interests me as well but it's not exactly viable everywhere. Good luck to you.

[Anonymous No.56502775]

>>56502752
thanks mate! If you do forestry then a wood gasifier could maybe generate a few thousand watts for you. Testur energy makes some cool turbines and powergeneration systems

[Anonymous No.56502817]

>>56502775
I mean, if I had enough wood to where I could sell off excess and make fire I would be fine. I guess if I really had too much wood, that would work! thanks!

[Anonymous No.56502956]

>>56502817
mining is difficult to profit from, better to just buy the coins usually

[Anonymous No.56502999]

>>56500034
Why aren’t you mining monero? No ASICS needed and you get a free home media server while you’re at it.

[Anonymous No.56503011]

>>56502999
Actually an r 5 3600 goes for 50 bucks online including an ROI for 6 months per cpu

[Anonymous No.56503232]

>>56500034

I've been hosting miners for a little over a year, no idea how people make money off this shit in 90% of cases, 99% of cases not sure how people make more money than just buying Bitcoin and waiting.

I think Boomers think it is less risky? When reality is that your entire "mining operation" will require you to shut your shit off well before break even if electric prices go up, or hashrate goes up?

www.smokinghopium.io - best calculator i've seen for mining

[Anonymous No.56503292]

>>56500133
None. ETH was 95% of mining profits. GPU mining is dead.