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 Cryptocurrencies Mining, Hardware,. Pool, software

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klthor
post Jun 29 2017, 03:14 PM

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QUOTE(ethminerlowyat @ Jun 29 2017, 02:58 PM)
Basically all the GTX1060, GTX1070, PSU, even BTC motherboard are either cleaned up or price marked up like hell.
Those who are late to the party or have no idea how mining works will always complain that it aint profitable due to the difficulty increase bla bla bla.

There are always other crypto to mine, if ETH is unprofitable .

Heck, if following their logic, ETH was not profitable at all because the prices were around 10-20usd back then, can barely cover electricity costs, then nobody will mine.

If you dont have the guts to mine, then dont bother. Been mining since 2013 and its the best thing that happened in my life.
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so have to buy all the over priced GPU is the way to become a miner smile.gif no need to hide mate. im just trying to warn ppl about the risk about mining, not stopping them from mining. if you started 2013, you should know what happen after mining LTC died... mine other coins ? i guess 2 years nth much interesting until ETH arrived. another example is mining ETH, very profitable until DAO hack and fork... one whole year with min profit (AKA enuff to pay bill). so if ETH POS here and now, there might be another 2~3 years or god knows how long for another profitable coins may come. One should be honest and responsible about their speech. mining is profitable now, but at the same time need to be aware of the risk that may come with it. talking newbies about how profitable or easy to make money without telling them the risk is being irresponsible but yet nothing wrong with it. but sadly, im not that kind of guy. For newb, always invest what u can afford to lose not selling your house just because some idiot told you that you can ROI within 3 or 4 months or mine to keeep bla bla bla. ETH price can rise from 20 USD to 400 USD within 2 months but at the same time it can drop from 400 usd to 200usd within a week or less.
klthor
post Jun 29 2017, 03:23 PM

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QUOTE(zamans98 @ Jun 29 2017, 02:45 PM)
2 months back out of stock. Don't look at the price, even u offer 4K USD, u won't be able to get any...
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they have tons of issues with customer service now.... in the mist of refunding customer or option to switch to RX560/460 chips. global shortage of GPU chipsets...
klthor
post Jun 29 2017, 03:35 PM

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QUOTE(ethminerlowyat @ Jun 29 2017, 03:27 PM)
lol go ahead, i dont care whether other people make money or not.

if you worry about cypto dropping in value, then you should bother investing or mining , simple. Invest what you can afford to lose. research from front to end and understand the risks.
Mining can be another form of getting started in crypto, i started that way. It deepened my understanding in it, how it all worked. Don't be that guy who always think short term.
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so it was really you hahaha! welcome, please help other the miner wannabe instead of trying to take advantages of them! short term mid term or watever term you wanna name it, i care less when one are aware what they are jumping into. dont talk like its 100% gain without any risk, if you are holding it for long term. i guess you should be worth over 10mil usd now!!! 100usd worth of BTC back in 2010 era is like 4 5 mil USD now? anyway, keep on the good work for helping miner wannabe mate.
klthor
post Jun 29 2017, 03:48 PM

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QUOTE(ethminerlowyat @ Jun 29 2017, 03:39 PM)
lol, sounds like the story of the fox and the grapes.

Sure bro, whatever floats your boat. I've been selling and using my BTC for years now, no need to get pissy bout my net worth.

Good luck finding any hardware for the next few months if you wanna mine smile.gif all the distributors in Malaysia have a super long back order (ps. its not from new miners  wink.gif )
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nah its okay, i have a few rigs as a small time miner and quite a numbers on order list long ago. mining is not my day job, i just enjoy playing with it with my extra cash and place. so why the smurf account? i tot you were more successful with all your long term btc strategy, but i guess i was wrong... simple as that.
klthor
post Jun 29 2017, 03:51 PM

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QUOTE(ethminerlowyat @ Jun 29 2017, 03:43 PM)
Also being afraid of PoS happening within this year is pretty dumb.

The Ethereum foundation owns %30 of all ether. They own no mining rigs. So they are not getting any of the new ether. After the switch to PoS, they will get the lion share of the rewards.

Plus they will incentivize people to lock up their ether, drying up liquidity.
It's pure greed. If it happens, ETH will be garbage.

Dont forget that its not secure at all, prone to 51% attack win.
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its not about worring, its informing that casper will be here sooner or later. being responsible is the key word.
klthor
post Jun 29 2017, 03:53 PM

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QUOTE(ethminerlowyat @ Jun 29 2017, 03:52 PM)
good for you bro. mining aint my main job smile.gif

what has my account gotta do with crypto now?
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nah my apology for taking you as other ppl then smile.gif cheers.
klthor
post Jun 29 2017, 03:56 PM

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QUOTE(crafturtoe @ Jun 29 2017, 03:37 PM)
Buy antshares next time when it plummet, it's backed up by some big named Chinese companies.

Or even dash
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i think there is another thread for trading crypto. antshare is promising, but need hardware wallet for the long run.
klthor
post Jun 30 2017, 11:54 AM

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QUOTE(Krv23490 @ Jun 30 2017, 11:25 AM)
however, that was not the question i was asking, i am not worried about the availability of graphics card atm, just inquiring about your thought or anyone new to pull the trigger and getting into mining at this moment
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its all up to you, there is no safe heaven in this world. i will give you want others would tell you :-

1. mine other coins. these coins are making less than mining eth now. so imagine all the extra gpus from eth mining these coins after POS.
2. sell off your cards. yeah, the market gonna flood with mining gpus and gamers normally preferred non-mining gpus or offer you a low ball price (at least that what i will do).
3. alot of people doing it now. this i have no comment, its like a bubble. you enter at a correct time, you gain. BTC gpu mining was profitable until asec miners flood the market. LTC same thing. ETH until DAO hack and recovered for now, maybe specialized GPU might kill those normal gaming gpu mining or POS gonna kill mining.

about POS, we have been hearing it since long time ago. no people can confirm when, it could be tmr or 10 years later. You have all the info now and you can decide it yourself. its business and investment, no 100% guarantee profit.

klthor
post Jun 30 2017, 12:31 PM

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QUOTE(kmarc @ Jun 30 2017, 12:08 PM)
Great! That's the info I need. Thx!

Damn this GST thingy..... mad.gif
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luck is the key word. sometimes u dont sometimes u do have to pay haha. i buy stuffs from overseas on and off all the time.
klthor
post Jun 30 2017, 12:35 PM

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QUOTE(kmarc @ Jun 30 2017, 12:30 PM)
Not only that. Have to pre-order. ETA is one year and the specs is still largely unknown with a price tag of USD 2500. Only can mine Siacoin and cannot mine other coins because it uses blake2b.

Pre-order is now open but only for one week. There's a lot of reasons why I'm getting it but I'm also throwing a lot of faith into it. If you're interested, the following are some of the reasons:
1) preorder only for one week
2) the first to get the miner and maximize income
3) support the network
4) confidence in the team and prospect of siacoin
5) less than 500w machine that has the power of tens or a hundred GPU! Much more cost-effective than even multiple 6-GPU setup.
6) enough profits to cover total loss if it doesn't work out
7) estimated ROI of one to two months. Note the word "estimated" as the specs is unknown.

There's a lot of things that can go wrong in one year but I'm willing to take the risk. Not recommended fo casual miner. wink.gif
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and full payment have to made if im not mistaken. thumbs up for the summary, these are the people that give proper advise on buying equipment to mine. not those, buy buy buy, market no stock, buy buy then later you found out that they are the one releasing the old used GPU selling you at a inflated price.
klthor
post Jul 3 2017, 09:55 AM

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QUOTE(Darkripper @ Jul 3 2017, 09:43 AM)
Wait, i though AMD cards already extinct from the market?  ranting.gif  ranting.gif  ranting.gif
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well if the trend cont, you will see tons of cheap amd cards later on. mining eth profit drops more 50% now. meaning from 4months ROI to maybe 8~10months ROI now.
klthor
post Jul 3 2017, 10:06 AM

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QUOTE(Darkripper @ Jul 3 2017, 09:58 AM)
to be honest, i wanna get my hands on to mine some alt-coins, mostly to learn more on the rig building and support such movement. But god damn no supply at all, not even the 2nd or 3rd best mining card  ranting.gif  ranting.gif  ranting.gif  ranting.gif  ranting.gif  ranting.gif
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the hype is dying off. for fun, you might get rx460 or 560. these cards are not good at all but its fun to play with. try to go pre order some 1060/1070 or rx470/570/480/580, wait for 2 months + and if you are lucky, you still can make a few buck... but no guarantee you can ROI smile.gif
klthor
post Jul 11 2017, 11:32 AM

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QUOTE(luminaryxi @ Jul 11 2017, 10:53 AM)
At least u only invest in one gpu haha, I bought 6gpu albeit not overpriced. Am also quite worry now haha, profit really drops Evryday
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drop another 50% income will back to the bad old days. with current price, it is still double the money compared to the lowest i have seen in eth mining. i tried to warn peeps on the risk, the boom is just too crazy... lots of mining supporter bash me for being noob or stupid or typical new comer for mining aka mine today sell today bla bla bla.... anyway, investment has risk and this is the risk im trying hard to warn new comers. never tot you went with all 6 gpus in the end haha. well who knows it willl happen after aug? maybe surge in price and make big money again or mining become less profitable or even less than electricity bill hence have to shut down mining rigs?
klthor
post Jul 11 2017, 03:47 PM

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QUOTE(Someonesim @ Jul 11 2017, 02:15 PM)
If they earn back initial h/w investment already, then can talk big la. Heard friend of colleague spend near RM20K for 6 x 1060 ming rig  doh.gif  ( I think ridiculous price due to graphic card shortage ), see how many months to ROI  whistling.gif
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sad for your friend.but its willing seller and buyer, i just felt like warning ppl its not 100% making profit business:) its a roller coaster ride for me as well. actually i didnt expect this profit can last for so long, like 3 months + -.
klthor
post Jul 12 2017, 12:32 AM

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QUOTE(goldfries @ Jul 11 2017, 10:29 PM)
I already tell people long time ago, got many people no like it when I tell them it's NOT profitable unless you break-even.



I know some friends even use this video to tell people off, haha especially when people kacau them to do mining for them.

I think mining is fine, run it for fun. If you have 1 or 2 cards and busy with work, have it run to generate some lesser coins for HODL wouldn't hurt.
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same.. i run it for fun too...love to buy hardware haha... so far i love evga stuffs haha...
klthor
post Jul 18 2017, 05:50 PM

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mining hype gone? why ppl still selling 2nd hand GPU so expensive zzzz...
klthor
post Sep 12 2017, 03:44 PM

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it will take you more than 12 months to get back the money you buy hardware AKA ROI, 1 card mining might even longer. you sure you wanna do it? if yes, i guess there are already a mining thread here... for example, invest RM10k now to gain RM200~400 a month.
klthor
post Sep 29 2017, 12:38 PM

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QUOTE(zzerosz @ Sep 28 2017, 12:07 AM)
Yes, agree with the patience is the key to get success or profit in cryptocurrency mining too.

However, is it possible to get the GPU mining rig with those used parts (e.g. used processor, motherboard and RAM) so that I can able to lower down the cost.

I think I am more into mining instead of straight getting profit through buying the crypto coin.
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GPU mining is dead, ROI 24 months ++. unless you buy and build now, and hold the coins you mined hoping it will rise in future. look at the hype from cloud mining, died off... mining thread, died off....
klthor
post Dec 28 2017, 04:04 PM

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all thinking how to steal electric haha.... worth it ?
klthor
post Dec 28 2017, 04:16 PM

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QUOTE(yushin @ Dec 28 2017, 04:09 PM)
6 x 1070 = rm300 per month
can hide 2 in office already save rm100

Imagine those with 6 x 1080Ti...
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lol.... worth risking RM20k rigs in office just to save like RM500 a month ? left alone risking your day job hahaha....

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