Cryptocurrencies Mining, Hardware,. Pool, software
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 Aug 22 2017, 12:03 AM
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#1
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Senior Member
6,230 posts Joined: Jun 2006  
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QUOTE(Euthenics @ Aug 21 2017, 11:55 PM) Some of them here have advised against buying it as it's not profitable to mine Bitcoin anymore. Not sure if it can be use to mine Bitcoin Cash as some see it as being profitable for now. for now BCH is twice as profitable vs BTC... but won't be as good when more hashes migrate over... good thing is you can switch to whichever is better... but for next February i'm not so sure... lol... |
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Aug 22 2017, 10:46 AM
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#2
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(UbuntuClient @ Aug 22 2017, 03:59 AM) Yeah, i heard that too. Some of them suggest to miner dash. A few big mining pools are switching their antminers to bch...it's a clone of btc...so I think it's not a problem...Dash difficulty is skyrocketing...bitmain is already mining with people's d3...you can see this in antpool...1st batch d3 about $3.6k I think...latest dropped to $1.5k I think...no idea how profitable by next year... |
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Aug 22 2017, 02:06 PM
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#3
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(UbuntuClient @ Aug 22 2017, 11:30 AM) Is it accurate crypto compare calculator? Because for btc using 13.5TH/s, is low for month. the calculators are correct...but the input is a snapshot at that particular time...it is correct for that moment only...I do my own difficulty and hashrate charts and projections to the future using my own discounts and assumptions...I don't use the calculator as is...it may still be garbage in garbage out but at least its my best guess for example BTC difficulty for the last few months increases at about 5.75% average...will it go up/down/flat for 2018? it was going up because a lot of pools are expanding...it probably will stay flat for a while, then go down a bit now that people are migrating to mine BCH... so I would make up my own difficulty projections and use these instead... |
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Aug 22 2017, 02:33 PM
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#4
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(UbuntuClient @ Aug 22 2017, 11:07 AM) So, which crypto currency that you think profitable? And what device should i buy for mining it? imho...mining is about converting cash for extra coins and hodl for future values... e.g., i spent 1 BTC for a miner & electricity, i get back 1.2 BTC...so 20% "profit" on BTC basis...i only have 1 BTC if i buy 1 BTC and hodl...my risk is the price goes below the fiat i spent, my reward is 20% + price up...i can't really say which is profitable and for how long...the Dash looks good NOW on calculator...i expect by December it will drop 70-80%...  |
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Aug 22 2017, 10:41 PM
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#5
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(SpongeY @ Aug 22 2017, 10:04 PM) About S9, yes i believe S9 is still profitable as mining BCC now is apparently way more profitable than BTC. Time will tell if BCC can continue to hold their price. If they do, BTC is going to have a problem competing for mining power against BCC! it should eventually achieve some balance...BTC difficulty will come down...BCH will shoot up...then it depends on people looking at current $ profit or coin appreciation |
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Aug 23 2017, 06:23 AM
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#6
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(SpongeY @ Aug 23 2017, 03:35 AM) May I know what are your thoughts surrounding why DASH will fall 70-80% in Dec? Is it because of dumping by miners? It was in reference to the mining calculator...% drop in output you see todayThere's not enough newly mined coins to influence the market...only whales, or Koreans can do it... lol |
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Aug 24 2017, 09:42 PM
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#7
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(UbuntuClient @ Aug 24 2017, 09:37 PM) Depend how big the office. ...and power supply and ventilation...each D3 1200w... lol......be careful don't burn down the office |
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