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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1132

post #11311 of 22534
I've got my fingers crossed you guys are right about Nutcoin taking off soon. I've got half a mil I'd love to dump. I've got my friend interested in investing with me too, so that's even more hash. biggrin.gif
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post #11312 of 22534
Quote:
Originally Posted by blkdoutgsxr View Post

I don't mean any offense by this, but you mining this for the last three weeks has turned out to be a huge mistake. If you are looking to maximize your profits you would have been doubled your profits by sticking to DOGE and converting. I understand what everyone at the Fan site is saying, but realistically it is a bunch of wishful thinking based on a 'NutLaw' that is arbitrary. IMO nutcoin is just another scrypt coin that has a 'fancy' graph to trick people who do not understand valuation into mining it. I only bring this up because NutCoin followers commonly misguide people on mining it, always saying 'OMG but what if.... Nutlaw?'... Well, turns out people are not willing to buy at huge prices, people are willing to dump the coin. So per Mhash you have been mining .2 LTC/mhash per day (ish) and I have been mining .5/mhash/day (ish)...

That's why it's called speculation.
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post #11313 of 22534
nevermind
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post #11314 of 22534
Quote:
Originally Posted by phill1978 View Post

well in this situation the first house is the 2nd already (as in 2 steps on the ladder) and existing full time jobs pay for everything so it would be an speculative investment. What im simply asking is: how long is the mining craze going to reap rewards for triple, quadruple or even as suggested 24 card setup before it bottoms out and either huge companies step in and make things more difficult with their uber server rigs or even just basic regulation and government gets involved (which usually ruins things) ? At the moment it just seems plain crazy to make $800 a month from leaving a 1KW rig on 24/7 mining to a pool and just checking your smart phone now and again at work for realtime updates to see how your GPU's are doing..

I mean really, 10 mins to setup and 3 7970's or 290's and your in the money? 8 cards and its more than a lot of peoples take home pay for doing naff all.

It sort of undermines (no pun, or perhaps its the exact metaphor) real physical work.

Pretty funny but yeah your right. This is happening right now no doubt about it so look at it like that it could all change tomorrow. I wouldn't quit my day job just yet though;)
post #11315 of 22534
Quote:
Originally Posted by Kenerd View Post



Pretty funny but yeah your right. This is happening right now no doubt about it so look at it like that it could all change tomorrow. I wouldn't quit my day job just yet though;)

Keep your job and pay for the hardware. Keep the coins for a rainy day.

GPU Mining will always be profitable in the long run. There will always be another coin to mine after ASICs take over one of them.
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post #11316 of 22534
If you had $5m to spend on mining, would you get GPU and go scrypt or directly hit ASICs up for some bitcoin action?
 
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post #11317 of 22534
Quote:
Originally Posted by barkinos98 View Post

If you had $5m to spend on mining, would you get GPU and go scrypt or directly hit ASICs up for some bitcoin action?

GPU all the way.

But if you are going to buy that much GPUs then you might need to figure out how are you going to power them first.
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post #11318 of 22534
Quote:
Originally Posted by barkinos98 View Post

If you had $5m to spend on mining, would you get GPU and go scrypt or directly hit ASICs up for some bitcoin action?

Is that $5 million?
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post #11319 of 22534
Quote:
Originally Posted by TheLAWNOOB View Post

Quote:
Originally Posted by barkinos98 View Post

If you had $5m to spend on mining, would you get GPU and go scrypt or directly hit ASICs up for some bitcoin action?

GPU all the way.

But if you are going to buy that much GPUs then you might need to figure out how are you going to power them first.
I dont think i can find that many GPUs in turkey lol

Besides, lemme rephrase then: if you had $5m to spend on mining, and have to not give any details to the end user (corporate espionage)...
GPUs sound more profitable because you can change coins as you wish but we're most likely forced to keep the stuff there so its either making custom cases with custom locks so they cant call an IT guy in and get everything named or go ASIC...
Quote:
Originally Posted by Jeffinslaw View Post

Quote:
Originally Posted by barkinos98 View Post

If you had $5m to spend on mining, would you get GPU and go scrypt or directly hit ASICs up for some bitcoin action?

Is that $5 million?

Yeah
 
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Pur Sang
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post #11320 of 22534
Quote:
Originally Posted by barkinos98 View Post

I dont think i can find that many GPUs in turkey lol

Besides, lemme rephrase then: if you had $5m to spend on mining, and have to not give any details to the end user (corporate espionage)...
GPUs sound more profitable because you can change coins as you wish but we're most likely forced to keep the stuff there so its either making custom cases with custom locks so they cant call an IT guy in and get everything named or go ASIC...
Yeah

Can I wash the money for you? I'm only charging a 2% fee.
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