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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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goldfries
post Jun 12 2017, 04:26 PM

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QUOTE(wengherng @ Jun 12 2017, 03:37 PM)
I don't do any mining, but just curious to know, why do you say that it is not worth it to mine, when the ROI is just 4.5 months or less?
Compared to any conventional business, the ROI could be a year or more, so 4 months seem pretty good to me?
Or am I missing something?
What makes you think ROI is 4.5 months when hashrate is fixed and difficulty rises?

I just made a video on this last night.

Projection looking great? Think again.


goldfries
post Jun 12 2017, 08:42 PM

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QUOTE(zamans98 @ Jun 12 2017, 06:36 PM)
cloud mining is not profitable, there is element u call scam/fraud. they can walk away.

u pay your own hardware, trust nobody.

Not 1st time cloud mining is doing such.
^ this one.

I don't trust cloud mining. Starting looks good, down the road your earning is like shit and in the end your whatever hashrate you have does nothing.

Have RM 10,000 to spare? Go buy coins direct.
goldfries
post Jun 12 2017, 09:52 PM

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QUOTE(jack2 @ Jun 12 2017, 09:36 PM)
Seem that many claimed cloud mining is not profitable. Mind to share your Due diligence you have checked to go ahead with genesis-mining?
Done that before. Not going to do that again.

It's like what wootz shared earlier, it will come to a point where the hashrate you buy results in nothing.
goldfries
post Jun 14 2017, 05:28 AM

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QUOTE(shankar_dass93 @ Jun 14 2017, 12:09 AM)
Headed over to lowyat just now and no one seems to have the required Graphics Cards and even the casing to place the 6 graphics card. Had a shop on the 3rd floor that said he should be able to get the casing by the end of next week. Quoted me roughly around 15k - to 17k to set up a decent mining set though the parts that he is using is totally different from the link that i had given above.
Might as well just buy the coins directly.

You buy that machine RM 15k, it's going to take quite a while before you even get good returns.

At 15k - how many GPU? 6x GTX 1070?

Even with 180 Mh/s - you can get 42 USD today but the earnings drop every day, you'll probably get less than RM 10,000 after 3 months.

Mind you also that 6x GTX 1070 draws more power than a 1HP aircond.
goldfries
post Jun 15 2017, 08:14 PM

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QUOTE(shankar_dass93 @ Jun 14 2017, 12:09 AM)
Headed over to lowyat just now and no one seems to have the required Graphics Cards and even the casing to place the 6 graphics card. Had a shop on the 3rd floor that said he should be able to get the casing by the end of next week. Quoted me roughly around 15k - to 17k to set up a decent mining set though the parts that he is using is totally different from the link that i had given above.
You missed this? biggrin.gif

https://www.facebook.com/pg/goldfries.fanpa...756532217706620

Low Yat Plaza 2nd floor. Topmaid.
goldfries
post Jun 15 2017, 08:22 PM

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mana ada? biggrin.gif Kentang emas shop no physical wan yet.
goldfries
post Jun 15 2017, 08:28 PM

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QUOTE(AllnGap @ Jun 15 2017, 08:26 PM)
your dark circles are pretty nasty man.
get some sleep
Hahah now worse. Actually I all the while a bit dark under the eyes so when I lack sleep or under certain lighting it exaggerates.

Then video recording (using phone) it gets exaggerated even further. tongue.gif

goldfries
post Jun 15 2017, 10:25 PM

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Drop in price doesn't mean crashing.
goldfries
post Jun 15 2017, 10:50 PM

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QUOTE(roy_zu @ Jun 15 2017, 10:43 PM)
Once market recover from today's correction, going to take out most ETH and BTC to USDT around mid July and wait for the roller coster in Aug.

Hopefully markey recover by beginning of July
What's coming in August? Sorry out of this scene long time.

goldfries
post Jun 15 2017, 11:31 PM

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I just bought a bit at ETH 380 yesterday but good thing small amount so it's not so "Damaging". Loss about 20% from a week of mining income but it isn't bad.

I had some profit from buying at 250 already so it pretty much balances out.
goldfries
post Jun 16 2017, 12:36 AM

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Oh well, in the end sell off at 322. Now see it go up a bit to 325.

We'll see how ETH behaves before buy again.

Out of my ETH - only 0.22164887 ETH was bought at 380 so no big rugi. Phew ...........
goldfries
post Jun 16 2017, 12:43 AM

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QUOTE(roy_zu @ Jun 16 2017, 12:38 AM)
Why sell now? CEX currently at 344. By weekend should be (purely based on my observation from past few months) around it's 400 mark peak.
I'm on different exchange. biggrin.gif

goldfries
post Jun 16 2017, 12:58 AM

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I am so n00b in trading la. biggrin.gif Usually it goes up after I sell, go down after I buy.

Just now saw 300 - 310, scary. Sell at 322 range, now go up 330. CEX i see 340 range already.
goldfries
post Jun 17 2017, 12:44 AM

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QUOTE(raynman @ Jun 16 2017, 11:20 AM)
Here is the spreadsheet for my ethereum mining contracts with Genesis and Hashflare.
Your ROI looks more like initial cost covered.

ROI only happens after you break-even, no?

goldfries
post Jun 19 2017, 03:19 AM

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QUOTE(kmarc @ Jun 18 2017, 10:12 PM)
So far, you can't. Have to convert to BTC first then sell in the 4 exchanges that deals with MYR.

Unless there's some forumer who wants to directly buy from you.....
Can be done actually.

BTC-e allows you to convert from ETH to USD.

USD you can transfer to Paypal - fast but they'll take 7% which is quite huge if the amount is large. They can Wire to local bank too.

goldfries
post Jun 19 2017, 03:20 AM

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QUOTE(max_cavalera @ Jun 18 2017, 06:50 PM)
Some youtuber like craig grant keep non stop getting refferrals and his genesis mining keep being upgraded and return skyrocket
Yooooo my Mining related videos got super a lot of views, I should start getting referral codes.

goldfries
post Jun 19 2017, 08:26 AM

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QUOTE(kmarc @ Jun 19 2017, 06:44 AM)
I see. However, after the currency conversion on top of the 7%, probably going to be more than that in the end.
7% to Paypal only, haven't count other amount taken before reaching bank.

Probably can lose about total 10%.

goldfries
post Jun 19 2017, 08:52 AM

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QUOTE(Feliex @ Jun 18 2017, 12:10 AM)
Dear all Sifu, need your advice which graphic card should I go for? Since RX580 is rm2.1k while the Nvidia gtx1070 is rm2.3k.. and I going to use 2 card test first.
GTX 1070 is good.

Use calculators to estimate the income, calculator is such. https://www.nicehash.com/?p=calc

but the thing is most people over-estimate their income so I made a video....





goldfries
post Jun 19 2017, 08:54 AM

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QUOTE(fransiska @ Jun 19 2017, 08:35 AM)
Hi interested with your post. May I know how much you need to fork out to get such good income and what is the minimum I need to come out in order to get things done? Appreciate your reply.
Projections are often over-estimated.

To get around 300 USD a month you'll need at least 3x GTX 1060 6GB graphics card.


goldfries
post Jun 19 2017, 09:09 AM

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QUOTE(fransiska @ Jun 19 2017, 09:05 AM)
Hi thanks for replying, may I know where can I research or read up about mining? Besides the gpu what other equipments do I need to purchase in order to get started? What type of Internet plan do I need?
*
Here are some videos I made, first one is to get you started.



Another one here that I uploaded today is to show an example build of the typical mining rig.



Or if you have money at hand and just want a rig, drop by TopMaid computers.

Check out the mining rigs https://www.facebook.com/pg/goldfries.fanpa...756532217706620



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