You are viewing our Forum Archives. To view or take place in current topics click here.
Bitcoin Mining?
Posted:

Bitcoin Mining?Posted:

Brickbuilder
  • Resident Elite
Status: Offline
Joined: Dec 17, 201211Year Member
Posts: 270
Reputation Power: 10
Status: Offline
Joined: Dec 17, 201211Year Member
Posts: 270
Reputation Power: 10
What Are You're guys thoughts on Bitcoin, Is it worth the hassle ?
#2. Posted:
i0S
  • Supporter
Status: Offline
Joined: Jun 17, 201112Year Member
Posts: 2,561
Reputation Power: 231
Status: Offline
Joined: Jun 17, 201112Year Member
Posts: 2,561
Reputation Power: 231
I'd have to argue that the cost in energy is not worth it.

If your a college student living on dorm it's another story since you wouldn't have to pay for electricity. 100% profit.
#3. Posted:
Diamond_Consoles
  • Challenger
Status: Offline
Joined: Mar 15, 20177Year Member
Posts: 159
Reputation Power: 24
Status: Offline
Joined: Mar 15, 20177Year Member
Posts: 159
Reputation Power: 24
Tried that.. bad experience. Wish I tried cloud mining haha
#4. Posted:
Echo
  • Gold Gifter
Status: Offline
Joined: Jun 21, 20149Year Member
Posts: 3,188
Reputation Power: 340
Status: Offline
Joined: Jun 21, 20149Year Member
Posts: 3,188
Reputation Power: 340
I watched this video, if you get a chance id suggest giving it a watch.

Bit mining costs a ton of energy and IMO not worth the hastle, worries and doubt's.

Video:
#5. Posted:
juno
  • Blind Elite
Status: Offline
Joined: Mar 10, 201311Year Member
Posts: 3,376
Reputation Power: 10222
Motto: https://kick.com/cycl3z
Motto: https://kick.com/cycl3z
Status: Offline
Joined: Mar 10, 201311Year Member
Posts: 3,376
Reputation Power: 10222
Motto: https://kick.com/cycl3z
Echo wrote I watched this video, if you get a chance id suggest giving it a watch.

Bit mining costs a ton of energy and IMO not worth the hastle, worries and doubt's.

Video:

I didn't realize how much effort and money you'll be putting into this just to mine!
#6. Posted:
TaigaAisaka
  • Winter 2016
Status: Offline
Joined: Aug 22, 201211Year Member
Posts: 7,383
Reputation Power: 509
Status: Offline
Joined: Aug 22, 201211Year Member
Posts: 7,383
Reputation Power: 509
iOSx wrote I'd have to argue that the cost in energy is not worth it.

If your a college student living on dorm it's another story since you wouldn't have to pay for electricity. 100% profit.


I still don't think it would be worth it. OP would only really benefit from an ASIC rig for Bitcoin at this point which can run upwards of several thousand dollars and it would still take him months to make the money back; assuming the market for bitcoin doesn't crash (which it will naturally.) Sure he could use his CPU and GPU for mining, but it would be gaining so little that by the time he even got close to his money back, I would even question if putting the strain on your hardware was worth it. If he wanted to use his CPU/GPU or both, he would be better off with Ethereum mining; starting with a software such as Ethermine or qtminer and going for an Ethereum pool such as Alpereum or nanopool.
Jump to:
You are viewing our Forum Archives. To view or take place in current topics click here.