can you still mine?

[GreezyJeezy]

If you where to mine how would you? what would it take, i know you cant on a pc anymore but if you can still mine because people still do how do you?

[LynxThe1st]

do you mean coin mining?

 

I would mine on my PC honestly, since fuck getting a full warehouse full of top end asic miners

 

I know I would lose money, but if I had too I would

[Enderman]

you either buy an asic or you program your own asic

with an asic you actually have the possibility or making positive money instead of negative

[GreezyJeezy]

5 minutes ago, Enderman said:

you either buy an asic or you program your own asic

with an asic you actually have the possibility or making positive money instead of negative

how much is that

[Enderman]

3 minutes ago, GreezyJeezy said:

how much is that

a lot

like, thousands if you want to make a few cents a day

 

also asics need to be programmed for certain tasks

so something made for mining one type of algorithm will suck or not work at all for other algorithms

 

this is why if you can code your own processor you can make lots of money mining stuff

unless you're a software engineer and know a lot about hardware coding, then this is not possible for you

 

maybe look into getting a job that pays minimum wage

you will make a hundred times more money than mining

[HPWebcamAble]

3 minutes ago, GreezyJeezy said:

how much is that

http://www.amazon.com/ASICMiner-Block-Erupter-USB-Sapphire/dp/B00CUJT7TO

[GreezyJeezy]

1 minute ago, Enderman said:

a lot

like, thousands if you want to make a few cents a day

 

also asics need to be programmed for certain tasks

so something made for mining one type of algorithm will suck or not work at all for other algorithms

 

this is why if you can code your own processor you can make lots of money mining stuff

unless you're a software engineer and know a lot about hardware coding, then this is not possible for you

 

maybe look into getting a job that pays minimum wage

you will make a hundred times more money than mining

i dont need a job im set on that. i just want to see what it would be like 

[Enderman]

3 minutes ago, GreezyJeezy said:

i dont need a job im set on that. i just want to see what it would be like 

this is what its like:

 

-spend $5k on mining asics

-spend $200/month on a power bill

-live with the extremely loud mining rig

-deal with thousands of watts of heat being made 24/7

-sit around and make a few dollars a day

-make like 10% back on what you invested then the coin you were mining drops in value

-give up and find a real job

[GreezyJeezy]

1 minute ago, Enderman said:

this is what its like:

 

-spend $5k on mining asics

-spend $200/month on a power bill

-live with the extremely loud mining rig

-deal with thousands of watts of heat being made 24/7

-sit around and make a few dollars a day

-make like 10% back on what you invested then the coin you were mining drops in value

-give up and find a real job

this would be a freetime thing for me. 

[Enderman]

6 minutes ago, GreezyJeezy said:

i dont need a job im set on that. i just want to see what it would be like 

there are other things which cost less and make more money during your free time

and you dont lose thousands of dollars just to "see what it would be like"

[GreezyJeezy]

1 minute ago, Enderman said:

there are other things which cost less and make more money during your free time

and you dont lose thousands of dollars just to "see what it would be like"

I already make a lot of money in stocks.

[Enderman]

2 minutes ago, GreezyJeezy said:

I already make a lot of money in stocks.

good for you

now dont blow it on something useless

[tobben]

It depend on the algorithm, as Enderman has already brought up.

Asic miners is a thing, it is basically specialized hardware made to

perform great at a specific algorithm. 

 

Any algorithm that has asics is basically not viable on a traditional

gpu, but there are algorithms out there that still haven't been 

cracked by asic miners.(making an assumption, not really up to

date on this stuff)

 

I would assume Ethereum as suggested above is based on such

an algorithm. 

 

So yes, you can still mine, but it kinda depends on what you want

to get out of it.

[wich23]

On 2016-04-20 at 5:31 PM, Name Taken said:

The recent explosion of Ethereum as made GPU mining quite profitable again.

IIRC Ethereum is ending the PoW soon (Hardware Mining)

[Julian5]

On 26/4/2016 at 11:20 PM, wich23 said:

IIRC Ethereum is ending the PoW soon (Hardware Mining)

I started mining ethereum 10m ago, wanna get the most out of my free electricity and hardware before ethereum moves to POS.