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  • Originally posted by jacoavlu View Post

    not salty. typing shitcoins is just easier than “alternative crypto assets” or whatever.

    i wouldn’t call what i’m doing a “farm”
    but i’m working on it. my power costs aren’t low enough to ramp up a bunch of scale on my personal property but there is some semi local hosting infrastructure that i can access if needed

    have you actually been around some asics?
    Yes and it's not pleasant. Even if you're separated by a floor, that constant humming sound wound drive me crazy. Get anywhere closer and it turns into an air siren, no thanks

    How much does your electricity cost? Most mining equipment stays profitable for longer now, doesn't become obsolete in 15 months like the earlier days of BTC. if you can run your equipment for 3-4 years and maintain profitability you'll be sitting on a nice pile of coin

    Thanks for the IRS link

    Comment


    • Originally posted by jacoavlu View Post

      no one is profitably mining bitcoin with GPUs
      You can be (and I have). Easy to check on https://www.nicehash.com/profitability-calculator

      Comment


      • Originally posted by udrag14 View Post

        You can be (and I have). Easy to check on https://www.nicehash.com/profitability-calculator
        No

        if gpu mining of bitcoin were profitable asics wouldn’t exist

        Comment


        • Originally posted by jacoavlu View Post

          No

          if gpu mining of bitcoin were profitable asics wouldn’t exist
          ASIC were better before the new NVDA cards. The new NVDA cards had much better hashrates and are cost efficient.

          ASIC has little to no resell. NVDA keeps a nice value.

          Just because something exists doesn't make it the standard.

          Comment


          • Originally posted by udrag14 View Post

            ASIC were better before the new NVDA cards. The new NVDA cards had much better hashrates and are cost efficient.

            ASIC has little to no resell. NVDA keeps a nice value.

            Just because something exists doesn't make it the standard.
            you have no idea what you are talking about

            Comment


            • Originally posted by jacoavlu View Post

              you have no idea what you are talking about
              you have no idea what you are talking about ->>>> Maybe actual use data/numbers instead of spewing nonsense.

              Rough calculation...ASIC is 4x the performance for 10x the cost, but yeah, I have no idea what I'm talking about.

              And, I have real world data because I have been mining off my graphic card quite profitably

              Comment


              • Originally posted by udrag14 View Post

                you have no idea what you are talking about ->>>> Maybe actual use data/numbers instead of spewing nonsense.

                Rough calculation...ASIC is 4x the performance for 10x the cost, but yeah, I have no idea what I'm talking about.

                And, I have real world data because I have been mining off my graphic card quite profitably
                share numbers

                Comment


                • Originally posted by jacoavlu View Post

                  share numbers
                  yeah, data from everyone please. Enough banter - my GPU isn’t mining anything useful from the recent conversation!!!

                  Comment


                  • Originally posted by jacoavlu View Post

                    share numbers
                    Click image for larger version

Name:	BTC.jpg
Views:	137
Size:	45.7 KB
ID:	300535 From a GTX 2080 Super...not even current gen

                    Where are your ASIC numbers?

                    Comment


                    • Was just doing some mining research, and it does appear that multiple 3090 or whatever 4 or so (equalizes price) is equivalent to an asic miner, comes down to electricity cost.

                      What I cant seem to make work is...if you believe the price is going up, I'd rather just buy the coin directly with that startup capital and dca whatever monthly running costs would be.

                      Comment


                      • Originally posted by udrag14 View Post

                        Click image for larger version

Name:	BTC.jpg
Views:	137
Size:	45.7 KB
ID:	300535 From a GTX 2080 Super...not even current gen

                        Where are your ASIC numbers?
                        your payouts from months ago don’t really mean anything. i’m sure you understand that.

                        Comment


                        • Originally posted by Zaphod View Post
                          Was just doing some mining research, and it does appear that multiple 3090 or whatever 4 or so (equalizes price) is equivalent to an asic miner, comes down to electricity cost.

                          What I cant seem to make work is...if you believe the price is going up, I'd rather just buy the coin directly with that startup capital and dca whatever monthly running costs would be.
                          yes. it can be a challenge to justify mining bitcoin over buying spot

                          Comment


                          • Originally posted by jacoavlu View Post

                            your payouts from months ago don’t really mean anything. i’m sure you understand that.
                            Compared to your non existent payouts, my old ones mean a lot more.

                            I switched over to ETH mining so yeah....using your own original quote

                            you have no idea what you are talking about

                            Comment


                            • Originally posted by udrag14 View Post

                              Compared to your non existent payouts, my old ones mean a lot more.

                              I switched over to ETH mining so yeah....using your own original quote

                              you have no idea what you are talking about
                              so wait why aren’t you mining BTC with your GPUs?

                              i am mining BTC profitably with new gen hardware at residential power cost of about $0.10 / kwh. current profit is around $0.25 / kwh but that is highly variable as overall network hash rate is increasing and of course price of BTC is highly volatile.

                              i have no doubt my setup could soon be operating at a loss

                              margins are shrinking and likely to approach zero. that’s how free markets work

                              you are not profitably mining BTC with GPUs

                              Comment


                              • Originally posted by jacoavlu View Post

                                so wait why aren’t you mining BTC with your GPUs?

                                i am mining BTC profitably with new gen hardware at residential power cost of about $0.10 / kwh. current profit is around $0.25 / kwh but that is highly variable as overall network hash rate is increasing and of course price of BTC is highly volatile.

                                i have no doubt my setup could soon be operating at a loss

                                margins are shrinking and likely to approach zero. that’s how free markets work

                                you are not profitably mining BTC with GPUs
                                Where are your numbers? Still don't see hard proof.

                                You literally say I'm not profitable but I am lol. I made around 80 to 100 dollars a month while electricity was maybe 20 bucks. I call that profit.

                                I switched to ETH because I could make profit from mining and then stake with ETH2.

                                This YouTuber also made a setup using GPUs. https://youtu.be/bfZpZB2T4Go

                                If you are barely making profit, you are doing it wrong.

                                Comment

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