Bitcoin / Bitcoins / Crypto Currency

Thanks for the help guys :)

Does anyone mine any coins? Looking for advice on costs of a noob/hobby 'puter.

you need Minecraft first and then ad bitcoin mod

unless you can afford something like this and electricity bills

That's not a bitcoin miner. He manages my midget porn servers.

Jesus.

(Just alt coins btw, not Bitcoin obviously)

I think its largely not worth it nowadays, financially. Unless you don't pay for electricity or equipment. I saw an article claiming Monero was still mine-able at home but I've not got the kit or the patience to do so.

What. You mean I'm late to the game. No way.

Cheers tallsam

"If you bought something on Silk Road with bitcoin, the blockchain will remember it forever and possibly reveal your identity"

https://boingboing.net/2018/01/26/if-you-bought-something-on-sil.html

The easiest way (assuming Windows OS) is to run NiceHash where you're basically selling your processing power to other people and being paid for it. If you already have a decent GPU then it's quite likely that it is profitable for you but as a guide you can check on NiceHash's profitability calculator. That will mine multiple coins, switching to whichever is the most profitable. It's by far the easiest way in, all payments are made to you in BTC. Check their minimum transaction fee and cut.

Otherwise look in to joining a mining pool, Mining Pool Hub is decent place to start.

I use NiceHash with my GTX 1060 and RX 570 on two different systems averaging about 0.0005 BTC a day and the (expensive renewable) electricity is about 80p per day to run them 24/7.

If you've already got a profitable card I see no reason not to, likewise if you game and want to offset the extortionate cost of a new card, or if you just wanted to mine for speculative reasons at current values a GTX 1080 Ti would take about ten months to pay for itself assuming no change in BTC value.

Another option is do some research and alternately mine new/low value coins in the hopes they leap in value, but obviously that's a lot more hands on.

Thanks for that. NiceHash looks interesting, like you say, might be a good entry point.

Are you running two gaming machines, with one GPU each?

Basically, gonna have a little expendable cash in a couple of months. I don't have a decent enough GPU currently, but was thinking of using some of the spare cash to get one. And most likely trying some of the lower value coins.

Pretty much I've got the 1060 in my main system and the 570 is in the media centre/htpc/communal gaming rig. A friend has decided to really go for it and run an 8 GPU dedicated mining setup but that's a big old financial commitment!

Kinda tempted to try this on my 1060, are worried at all about degrading the lifetime of the graphics card from running it so much?

Honestly not really, obviously it would be a bit of pisser if both died before Volta cards are released. Neither card runs particularly hot though and I've had the 1060 since new and well before the price inflation so as far as I'm concerned I've already had my value from them and this is all just a bonus.

I was expecting to see more recent comments in this thread, given the recent activity.

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Need to show proof of a neck beard and suitable vaping apparatus for a kick off.

If you have to ask >>>>>>>>>>>

Eh em

For many years now..

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LFGSS premium

FFS guys

Lol

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