Long time trader but first time miner here. Is this miner here worth it? Don't have a lot to start with...

Right. But im just looking for a little side cash. How much a month could i expect to clear with featured miner after electricity?

So, i wouldn't make the 300 bucks back invested in the miner?

No mining is going to make a profit right now unless you live in a third world country or you steal electricity.

Believe me, I know first hand pic related

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You would eventually but it would take forever

Use whattomine.com or some other mining calc to figure out your numbers

And always buy directly from the manufacturer (wether it be bitmain or another). The only ones getting resold thirdparty are overpriced or no longer profitable

It depends how much your electricity bill is. I can tell you if you’ll make a profit just by you telling me what country you live in

Mine whatever is most profitable and sell for what you want. I am a fairly large miner

>long time trader
>I don't have a lot to start with

Prospects not looking good..

This.

/Thread

Georgia, USA

Thanks.

I dumped everything back in December and got out for a few months. Just getting back in the game.

Nope. If you’re paying over $0.05/kWh you might as well give up.

Steal electricity.

What if i was hypothetically stealing power? What kind of profit would i turn? Hypothetically, of course ;)

Stealing that much power would seriously raise the electricity bill of whoever you’re stealing from to the point where they would immediately start investigating why. Stealing electricity is also a felony and not worth it

No shit? Really?

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Well, then you can easily calculate how much LTC you’d make with one L3 asic

It’s currently $1.77 a day if you mine scrypt on nicehash.

You’d make back the cost of the miner in about 225 days with stealing electricity

Not worth it then. So what kind of equipment should i be getting? Is there any equipment that would be profitable?

Buy some GPUs and mine interesting new coins.

Or buy a SHA256 asic you make about $4 a day but they are twice the price

What if i created a bullshit coin, premined it, and shilled it. Is there any money in that?

The crypto market is basically fucked until all the malinvestments fade away. We need all these ICOs and bullshit projects like Chainlink to finally die. And then a rebirth can happen.

This current malaise is symptomatic of huge malinvestment. Almost as bad as Soviet Russia. Just need the market to get a bit smarter and dump these ICO parasites to the ground make them poor and teach them a lesson and then we can fly again

You can try if you think you have the skills. If you do have any skills then drop a throwaway email I could do with someone to handle US business development in my startup consultancy I’m based in east Asia.

If you created it you can just give yourself a certain amount. But those coins never take off. If you pull off another TRTL you could retire by doing the mining thing.