starting to mine

[peatonplayz]

hey everyone

I was wondering about buying some gear to start mining some cryptocurrency but then I started to wonder...

which one to mine?

what gear to use?

is it still profitable?

I've read some articles and watch some stuff on the matter but all seems a bit one sided or sponsored.

can any of you guys help me decide?

sincerely

[RAM555789]

Your barley going to make any money at this point mining. You would need specialized equipment at this point to be profitable. The markets super unstable shown by the drop we had last winter. I don't think its worth getting into at this point, the mining craze is over.

[peatonplayz]

8 hours ago, RAM555789 said:

Your barley going to make any money at this point mining. You would need specialized equipment at this point to be profitable. The markets super unstable shown by the drop we had last winter. I don't think its worth getting into at this point, the mining craze is over.

are all other alternative cryptocurrencies the same?

[GOTSpectrum]

51 minutes ago, peatonplayz said:

are all other alternative cryptocurrencies the same?

Basically, unless power AND hardware is free it really isnt worth it, and tbh if the hardware is free it may just make sense to sell the hardware and put the money into some form of high interest investment account, like a government issued bond. 

 

DISCLAIMER: I am not a financial adviser and this is my opinion only, this is not intended to be any kind of advice beyond my own speculation and opinion

[RAM555789]

1 hour ago, peatonplayz said:

are all other alternative cryptocurrencies the same?

Most other cryptocurrinces are affected by bitcoin. Many others started mining other kinds when mining bitcoin became to difficult for even multi gpu setups but those currencies have lost steam too.

[peatonplayz]

44 minutes ago, RAM555789 said:

Most other cryptocurrinces are affected by bitcoin. Many others started mining other kinds when mining bitcoin became to difficult for even multi gpu setups but those currencies have lost steam too.

 

2 hours ago, GOTSpectrum said:

Basically, unless power AND hardware is free it really isnt worth it, and tbh if the hardware is free it may just make sense to sell the hardware and put the money into some form of high interest investment account, like a government issued bond. 

 

DISCLAIMER: I am not a financial adviser and this is my opinion only, this is not intended to be any kind of advice beyond my own speculation and opinion

I guess it's too late now... might as well do office studio work and invest in studio gear instead of mining...

Thanks for your answers

[RAM555789]

On 9/1/2019 at 1:21 PM, peatonplayz said:

 

I guess it's too late now... might as well do office studio work and invest in studio gear instead of mining...

Thanks for your answers

Might be worth taking your talents to fiverr if that's the case.

[peatonplayz]

On 9/3/2019 at 6:09 AM, RAM555789 said:

Might be worth taking your talents to fiverr if that's the case.

well, thanks for the offer but if that doesn't make me rich it sure does buy me a front seat at the death row :) (3rd country world joke)