Ethereum Miner Scam?

[AstroBenny]

So I came across a site:

https://rocket-miner.com

They are offering machines capable of 330Mh/S for $500. Their 'about' page has no information and I can't find anything on the Web to do with this product. Is it a scam? It seems too good to be true!

[Enderman]

do you think you're going to make that money back or something?

lol

it just takes common sense to ask "why dont they use the machines themselves?"

[AstroBenny]

3 minutes ago, Enderman said:

do you think you're going to make that money back or something?

lol

it just takes common sense to ask "why dont they use the machines themselves?"

Have you done the research into Ethereum? People are still paying upwards of $2000 for machines that will do no more than 200Mh/s

[LizardsAreOP]

With 50 GH/S you make 0.08 USD a day and the power cost would be like allot more than that,337 MH/S is useless,the smartest people are the people who mined from the start and saved there bitcoins since now they sell for a fuckton of money

[aisle9]

I would strongly suggest not getting into Ethereum mining right now.

[AstroBenny]

2 minutes ago, LizardsAreOP said:

With 50 GH/S you make 0.08 USD a day and the power cost would be like allot more than that,337 MH/S is useless,the smartest people are the people who mined from the start and saved there bitcoins since now they sell for a fuckton of money

Ethereum isnt Bitcoin. 20Mh/s with my 280X yields just over $1.50 per day. Also here is a calculator if you're interested

...

https://badmofo.github.io/ethereum-mining-calculator/

[AstroBenny]

2 minutes ago, aisle9 said:

I would strongly suggest not getting into Ethereum mining right now.

I'm already in

[LizardsAreOP]

4 minutes ago, AstroBenny said:

I'm already in

I would suggest get a Beffy PC and try to get like a server with 8 GPU'S and just mine a shit ton before the difficulty is listed at 250,000,000

[Enderman]

9 minutes ago, AstroBenny said:

Have you done the research into Ethereum? People are still paying upwards of $2000 for machines that will do no more than 200Mh/s

a YEAR

not a month or a day

and you can definitely lose a lot more $2k due to power cost and hardware degradation and failure

 

because consumer GPUs are not made for mining

[LizardsAreOP]

+ Where can you sell the Currency for this? and what is it called?

[aisle9]

7 minutes ago, AstroBenny said:

I'm already in

I'd keep my eyes open for another cryptocurrency to shift your efforts to when feasible. Ethereum has some serious problems that are going to kill it, not all related to the hack.

[LizardsAreOP]

Wow that miner could get $30 a day and $14 a day on Litecoin

[LizardsAreOP]

2 minutes ago, Name Taken said:

Litecoin is based on a different algorithm it as been saturated by ASIC miners for 2 years now so I don't know where you are getting the $14 from.

https://www.litecoinpool.org/calc?hashrate=337&speedunit=MH%2Fs&difficulty=49027.99922375&price=3.9134&currency=USD&power=&energycost=0.10 ??

[LizardsAreOP]

1 minute ago, Name Taken said:

Ethereum is based on Ethhash and Litecoin is based on Scrypt.

Good to not know....

[AstroBenny]

20 minutes ago, Enderman said:

a YEAR

not a month or a day

and you can definitely lose a lot more $2k due to power cost and hardware degradation and failure

 

because consumer GPUs are not made for mining

The whole point of this thread is questioning the existence of the product linked, as up to now Ethereum has been solely reliant on home computer hardware such as GPUs because Ethereum can't be mined with dedicated equipment! 

[Enderman]

29 minutes ago, Name Taken said:

CPUs and GPUs are known as general-purpose computing device as opposed to ASICs so they are able to perform whatever work they are assigned, in this case OpenCL computation.

and consumer GPUs are not designed to run at 100% load at 90C for 24/7 during months, they are made to play games

that's why they fail

that's why manufacturers tell people to not do it

that's why manufacturers put shorter warranties on their cards

 

27 minutes ago, AstroBenny said:

The whole point of this thread is questioning the existence of the product linked, as up to now Ethereum has been solely reliant on home computer hardware such as GPUs because Ethereum can't be mined with dedicated equipment! 

yes it can

its called hardware programming

how do you think CPUs and GPUs work

[Enderman]

1 hour ago, Name Taken said:

Please provide your credible sources that verify consumer GPUs are not designed to run OpenCL operations continuously, "manufacturers tell people to not do it" and "manufacturers put shorter warranties on their cards" due to OpenCL usage.

 

22:50

 

[AstroBenny]

3 hours ago, Enderman said:

 

22:50

 

Regardless, Ethereum was designed with GPUs in mind, hence the lack of dedicated mining equipment.

[Enderman]

6 minutes ago, AstroBenny said:

Regardless, Ethereum was designed with GPUs in mind, hence the lack of dedicated mining equipment.

ok....

so?

doesnt mean you should waste money doing it

[BuckGup]

11 hours ago, AstroBenny said:

I'm already in

Get out! It is turning into a gambling mans game