Author Topic: Bitcoin Mining Thread  (Read 351 times)

Offline friendlyfire

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Bitcoin Mining Thread
« on: October 23, 2018, 10:57:38 AM »
anyone here engage in this kind of business?      planning to buy a rig but im still need more info before i invest. 
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Offline borgy_t

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Re: Bitcoin Mining Thread
« Reply #1 on: October 23, 2018, 11:17:17 AM »
with our electricity prices, temperature, and inflated GPU prices (though it was much worse at the start of the year), i don't know if this is economically feasible...
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Offline i2mp

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Re: Bitcoin Mining Thread
« Reply #2 on: October 23, 2018, 01:10:56 PM »
^I agree
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Offline splerdu

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Re: Bitcoin Mining Thread
« Reply #3 on: October 23, 2018, 01:21:19 PM »
Electricity too expensive.

During the days when BTC was $10k+ it was feasible, but not now AFAIK. GPU mining on Eth is borked too because there's already an ASIC out.

OTOH dami nagbebenta ng cheap GPUs if you're willing to risk it.
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Offline wheelee

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Re: Bitcoin Mining Thread
« Reply #4 on: October 23, 2018, 03:06:58 PM »
..isn't a bit late to start now?
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Offline lahar

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Re: Bitcoin Mining Thread
« Reply #5 on: October 23, 2018, 03:53:09 PM »
Yup kind of too late to start now, also conditions in the country don't make it viable.

Offline borgy_t

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Re: Bitcoin Mining Thread
« Reply #6 on: October 23, 2018, 11:13:53 PM »
Electricity too expensive.

During the days when BTC was $10k+ it was feasible, but not now AFAIK. GPU mining on Eth is borked too because there's already an ASIC out.

OTOH dami nagbebenta ng cheap GPUs if you're willing to risk it.
there are LOTS of sellers of these old GPUs used for mining. takot lang ako bumili kasi 24/7 walang patayan yan, who knows how long is the remaining lifespan of these cards.

aside from current price being a deterrent, each successive bitcoin becomes harder to mine as the proof of work required to produce one increases. there is also a hard limit of 21M bitcoins I believe, unless it has been removed (Bitcoin Cash, one of the forks has removed this IIRC)
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Offline friendlyfire

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Re: Bitcoin Mining Thread
« Reply #7 on: October 24, 2018, 10:34:25 AM »
my colleague is trying to convince me to go mining, well i guess i have to put off that venture. seems  that is no longer feasible.  thanks for the inputs. appreciate it.
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Offline wheelee

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Re: Bitcoin Mining Thread
« Reply #8 on: October 26, 2018, 05:00:28 PM »
but if you or your friend are still into it try this
https://computta.com/?ref=163046

this is what I got when I benched my system, now I have $24 hehehe, pero di araw araw on yung pc
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