>buy 1 or 2 used GPU's for $100 $200 each >shove them in a cheap dell optiplex computer ($100-$150), pcie risers may be needed ($10) >go to whattomine.com, pick new coins with least amount of difficulty >mine for 1-7 days, collect 10,000 coins, move on to next coin >monitor your coins, wait for random moons, asses whether you should hold or sell depending on the coin/team
It's a max extra $0.50 a day to your electric bill and if you want out you can quickly sell the pc and graphics cards at or 20% below your cost.
just don't become some lunatic miner spending $100,000 a month trying to micro-manage chernobyl ust to make $3,000 a month mining the big coins
has this worked for you user? I've always been thinking of mining but it was just too much of a hassle to take care of. I could just be buying more LINK and just waiting.
Bentley Nguyen
i just mine with honeyminer on my main computer when i'm not using it.
Wyatt Ward
honeyminer .com/ referred/ 5bdsu
Noah Torres
ASIC mining is the only way to make money. Poverty Mining is exactly that, a poor man's game. > I mine both shitty gpu rig and several ASIC. Most ASIC will pay themselves off in 3 months. The rest is delicious profit to gamble on exchanges. A typical GPU will take 1 year to infinity to pay off.
Matthew Howard
or you can just not be a retard and use that GPU money to buy chainlink
Ethan Kelly
i did calcs and asics roi looked much longer. what asics you like?
Luis Long
This is a based strategy and it does work. However it's fucking time consuming to keep up with what's going hot on the market and slogging through bitcointalk every day. Made 5k out of thin air with signatum this way.
Buying Chainlink is the best way to go because you can stake it and earn more Chainlink with it.
Levi King
Yes but the catch is you have to wait for moons, so it's not something where you can get a reliable cash flow but you do get a few opportunities per year to either dump or hodl. most coins go nowhere
>trying to micro-manage chernobyl just to make $3,000 per month
no thanks user, the point of poverty mining is to get in early on a large number of shitcoins and wait for 2 or 3 to moon. asics are very limited in their algos, are loud as fuck, most modern ones can't even run on 120v, and have heavily locked firmware
gpus are vastly cheaper, easier to run, and more flexible for entering/exiting coins.
or you can just not be a brainlet and do both, you aren't limited to a $500 of lifetime crypto investments user. Just kick $100 per week towards your GPU setup and then you can go back to chainlink. And better yet if you get a major payday from a gpu coin you can dump $5,000 at once into chainlink or whatever on a dip
whattomine + coinmarketcap makes this easy, you aren't doing deep investigation into these coins just go with whatever will bring you the most amount of volume. Every Sunday night before I go to bed I check everything and see if it's time to switch to a new coin or not.
Jaxon Fisher
>he uses whattomine to find crypto to mine >he mines and sells immediately at market Those are the worst possible projects to mine. Mining calcs are a meme, don't be a newfag. Mine and hold for bull markets, you get great returns mining while the price/difficulty are low.
Hudson Davis
low iq as fuck, read my post again, tell me which part in any way even suggests mining and selling immediately. Mining and waiting for moons is the whole point.
Dylan Rivera
>imagine reading that I stopped reading at whattomine dumb fuck summerfag
Colton Gutierrez
Starting to look into mining using energy from sun. Asic or cryptoknight mining?
Henry Hill
>Marginal Money Why?
Julian Evans
Way too much of a hassle and PoW coins are dead anyways. Just but 32 ETH or allin LINK and you're set.
Ryder Ramirez
>monitor your coins >and asses this is where your fagboat fails
Michael Myers
Chinks. The answer is Chinks
Lincoln Gonzalez
>My time costs nothing
Lucas Cooper
If you switch coins every 7 days, thats 52 coins you got tgat all could potentially moon.
Dylan Martin
>most modern ones can’t run on 120v False. Only the Antminer S17 and T17 models run on 240v (we’re talking shit that’s actually gonna make you money, not some Bitfury B8 type shit)
I do agree with you on the noise and algorithm part. Overall GPU mining is good for your method yes, however I would rather have something hashing SHA256 that makes me way more fucking money if and when BTC moons rather than hoping to dump a shitty altcoin.
T. Colocation employee
Leo Morris
FPGA is the way to go
Owen Gonzalez
Because mining is a waste of time. You'll get better ri just spending that cash ok coins right now before difficulty and price rises.
Ethan Morales
false, proof of work is very much not dead. where do you think btc's valuation would be without PoW?
Logan Long
Only if you have your own team of EEs making you bitstreams.
Andrew Campbell
Because I can barely afford to cool my 1 bedroom apartment as it is. I have to run the air conditioner on full speed literally all day long just to get the inside temp below 80f. Why the fuck would I want to add something that makes it even harder to cool my place?
Brayden Hill
smart ppl are preparing ryzen/threadripper and xeon/epyc systems for RandomX proliferation. don't get left behind
Carter Allen
>you can stake it no you can't sweetie
Nicholas Bennett
this is how you become a lunatic miner, forget about that shit its way too complex at that point
not sure if stupid or lazy, it shouldn't take you more than 5 hours between buying/haggling for gpus, plugging them in, setting up the mining the software, etc.
From there maintenance is less than 30 minutes as week, usually on a sunday night as im doing fuck all anyways
The problem is every other model not on 220v will make $5 a day and still cost $1,500 or more for a single miner. Even then something like the t15 is still pushing 1500w, that's really pushing the limits of a residential 15v line.
like the other user said the problem is bitstreams everyone hodls their bitstreams for weeks/months then releases it with a miner fee once a single fpga is no longer enough, gpus still let you get in super early
brainlet tier response, do both poorfag
again the point is not to become a lunatic mner trying to micromanage chernobyl, 2 low to mid range gpus and a cheap computer is not going to melt your room down at full load i barely pull 400w from the wall
yes with amd's new release it will be interesting, so too will things like "home servers", you can buy a complete 16 core xeon with hd/os/memory/etc ready to go for $200-$250
Connor Gutierrez
did this for Biblecoin. Got a couple blocks, then accidentally formatted the disk and my Biblecoins were lost forever.
Gavin Gutierrez
Do you mine one coin at a time or ho many your gpus can take?
You just mad that if you had just bought and held any coin or token when you started mining, you would have been able to pay for your equipment several times over by now. Don't tell me I don't know what the fuck in talking about, I had 27 7970s mining BTC sub $10. Yes the equipment will pay for itself after a bull run but you'll get a higher ROI just buying and holding.
Jason Perez
mine what exactly?
Jonathan Powell
This isn't 2017.
Literally who shitcoins don't just moon alone, they need a P&D group or a Chink scammer like CZ to get behind the pumps.