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    Help Me Decide Please ...

    Mining
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    • N
      new2crypto Regular Member last edited by

      I have been contemplating building a mining rig but cannot decide if I am better off just buying coins instead …

      I have done a little mining with my standard PC and I do enjoy it. The results were not brilliant though because of the dated nvidia gpu.

      It is just, no matter how many times I crunch the numbers, I cannot justify the expense of the rig I would need (plus electric costs) vs the cost of just buying the coins. Especially at today’s prices …

      Could somebody give me an example of a budget rig (with costings), with the approx return of FTC …

      I am just not sure if I am really doing my sums properly lol … ultimately I would actually get more enjoyment from mining my coins.

      I know it’s asking a lot but I would appreciate the advice if you can spare the time and your knowledge

      :)

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      • S
        svennand Regular Member last edited by

        My system if i dont remember uncorrect cost me 40000NOK which is about 5700$ (replacing it now).
        With these rigs i mine coins worth around 300$ pr day (have taken electrisity into account which i pay 0.15 dollar pr kW for).

        ROI time in this day and age == 19days!
        Anything from there is pure profit. If it all tanks, i also have equipment to sell on the used market… betting on the exchange however…

        I also gotta add that im a crappy invester, never done a good deal on my sellings/buyings ::)

        If you wanna get rich quick and dont want the hassle of building miners/checking on them from time to time. exchange gamble is for you. however.that could swing very badly to…

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          new2crypto Regular Member last edited by

          [quote name=“svennand” post=“40275” timestamp=“1386276848”]
          My system if i dont remember uncorrect cost me 40000NOK which is about 5700$ (replacing it now).
          With these rigs i mine coins worth around 300$ pr day (have taken electrisity into account which i pay 0.15 dollar pr kW for).

          ROI time in this day and age == 19days!
          Anything from there is pure profit. If it all tanks, i also have equipment to sell on the used market… betting on the exchange however…

          I also gotta add that im a crappy invester, never done a good deal on my sellings/buyings ::)

          If you wanna get rich quick and dont want the hassle of building miners/checking on them from time to time. exchange gamble is for you. however.that could swing very badly to…
          [/quote]

          Well if you have paid your full investment back in 19 days, and are mining $300 worth of FTC per day, then you are not such a crappy invester afterall !

          Well done ! & thank you for the reply to my post :)

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          • N
            Nutnut Regular Member last edited by

            +1 to svennand.

            Also remember though that in about a week, all the new miners will be up and running and the difficulties will sky rocket. That $300 pr day will become a LOT less in the very near future.

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            • A
              another_user last edited by

              what do you mean by “new miners”?

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              • F
                futureproof Regular Member last edited by

                [quote name=“Nutnut” post=“40465” timestamp=“1386320965”]
                +1 to svennand.

                Also remember though that in about a week, all the new miners will be up and running and the difficulties will sky rocket. That $300 pr day will become a LOT less in the very near future.
                [/quote]

                Is there a way to work out what the next difficulty will be and when? I tried googling it but cant find the answer.

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                • N
                  Nutnut Regular Member last edited by

                  [quote name=“another_user” post=“40466” timestamp=“1386321141”]
                  what do you mean by “new miners”?
                  [/quote]

                  Lol - this price spike has seen an INFLUX of noobs buying rigs to mine " free money". You can’t find GPUs (at least the good ones) and “proper PSUs” are like rocking horse shit.

                  [quote author=futureproof link=topic=5474.msg40472#msg40472 date=1386321726]
                  [quote author=Nutnut link=topic=5474.msg40465#msg40465 date=1386320965]
                  +1 to svennand.

                  Also remember though that in about a week, all the new miners will be up and running and the difficulties will sky rocket. That $300 pr day will become a LOT less in the very near future.
                  [/quote]

                  Is there a way to work out what the next difficulty will be and when? I tried googling it but cant find the answer.
                  [/quote]

                  It will go up and down as all the prices change but overall it will go up. Long term cannot be reliably predicted but experience tells me. A week ago I was mining $900 per day, now I’m half that. Basically DONT buy a rig based on today’s prices, they wont last. You could however speculate and mine now and hold until the next boom…

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                    another_user last edited by

                    okay thanks for explaining. im also a noob miner lolz, but never bought my pc specially for mining. i bought it for gaming, and i don’t have that much time for it now. mining suits me as it’s just as exciting, and it can run unattended ! i think i have a winner.

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                    • A
                      angloblaxon Regular Member last edited by

                      [quote name=“another_user” post=“40480” timestamp=“1386323006”]
                      okay thanks for explaining. im also a noob miner lolz, but never bought my pc specially for mining. i bought it for gaming, and i don’t have that much time for it now. mining suits me as it’s just as exciting, and it can run unattended ! i think i have a winner.
                      [/quote]

                      You say unattended… You you will be checking on that thing all the time… trust me

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