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/biz/ - Business & Finance

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8961352 No.8961352 [Reply] [Original]

What are the chances that my asic becomes obsolete and doesn't even pay for itself?

>> No.8961441

>>8961352
You can buy cheap gpu rig from some ex-ethereum miner and then mine cryptonight coins before zilliqa mainnet. After that you can mine zilliqa for months or even years (it has competitive mining so asics doesn't matter).
But, you calculate profits. Dyor.

>> No.8961447

Mining is always worth it. Just be sure to hold and not mine and sell

>> No.8961474

>>8961447
Lmao. If you mine a bunch of crypto and don't sell. You could one day have spend thousands for nothing.

In the end holding useless ones and zeros

>> No.8961521

>>8961441
How hard is to setup that shit? I mean, so it doesn't burn or short circuits or whatever?

>> No.8962147
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8962147

>>8961521
Beginner mining instructions here- https://unorthodoxmining.wordpress.com

>> No.8962177

>>8961447
how are you suppose to pay the bills then?

>> No.8962197

>>8962177
get a job faggot. with mining you are buying coins with electricity at way below market price

>> No.8962241

>>8961352
buy some gloves

>> No.8962611

>>8961474
I call it the "William Hung Reason": I don't have to do it, and I may even suck at it... but if someone is actually willing to PAY ME a ton of cash for me to do it, then why not?

Basically it's 0's and 1's that some fool is willing to give me their real money for. I thus see no reason NOT to do it, yknow?

>> No.8962643

>>8961474
If you mine now you should absolutely be holding. If you were mining in December and didn't sell them lol

>> No.8962770

>>8961352
Don't do dimonds, try gold, you might get lucky.