Can we still make significant amount of $$ from mining bitcoins in 2017?

[noobee]

How much can we make money from mining bitcoins in 2017? considering the initial investment, electricities too?

Why do people still mine bitcoins these days?

[Damascus]

People don't mine bitcoins anymore unless they are using special compute chips designed for it.  Gpu mining is on etherium and zcash right now.

[m0k]

Can we still make significant amount of $$ from mining bitcoins in 2017?
Yes

How much can we make money from mining bitcoins in 2017?

Depends on your setup

 

Why do people still mine bitcoins these days?

to make money

 

alternatively you can invest in the cryptocurrencies and tokens - like a financial instrument - similar to day trading except with bitcoins - the market never closes, it runs 24/7

[Rune]

Realistically, no.

[noobee]

5 minutes ago, mok said:

Can we still make significant amount of $$ from mining bitcoins in 2017?
Yes

How much can we make money from mining bitcoins in 2017?

Depends on your setup

 

Why do people still mine bitcoins these days?

to make money

 

alternatively you can invest in the cryptocurrencies and tokens - like a financial instrument - similar to day trading except with bitcoins - the market never closes, it runs 24/7

do you mine bitcoins or any crypto?

[LienusLateTips]

9 minutes ago, mok said:

Can we still make significant amount of $$ from mining bitcoins in 2017?
Yes

How much can we make money from mining bitcoins in 2017?

Depends on your setup

 

Why do people still mine bitcoins these days?

to make money

 

alternatively you can invest in the cryptocurrencies and tokens - like a financial instrument - similar to day trading except with bitcoins - the market never closes, it runs 24/7

EVEN you are RIP night theme users:

 

 

Anyways, everyone is mining Ethereum for a reason.

[noobee]

1 minute ago, JDE said:

EVEN you are RIP night theme users:

 

 

Anyways, everyone is mining Ethereum for a reason.

what do you mean by RIP night theme users? You mean this site's theme? I'm new so it's just a default. Can we change theme?

 

Do you mine ethereum? The reason is money? how much can you make in a day?

[LienusLateTips]

Just now, noobee said:

what do you mean by RIP night theme users? You mean this site's theme? I'm new so it's just a default. Can we change theme?

Talking to someone else. Yeah, this site has two themes, night and day. You can change at the bottom of the page. Default is day. Try them. A lot of people copy and paste and Google Chrome makes it black automatically, and not auto change.

1 minute ago, noobee said:

Do you mine ethereum? The reason is money? how much can you make in a day?

No, I don't. I do know that you can make quite a bit. The amount you can make in a day depends on your GPU.

[noobee]

3 minutes ago, JDE said:

Talking to someone else. Yeah, this site has two themes, night and day. You can change at the bottom of the page. Default is day. Try them. A lot of people copy and paste and Google Chrome makes it black automatically, and not auto change.

No, I don't. I do know that you can make quite a bit. The amount you can make in a day depends on your GPU.

How much do you think we can make a day in any currency with GTX 1070 or RX 580?

[LienusLateTips]

Just now, noobee said:

How much do you think we can make a day in USD with GTX 1070 or RX 580?

Just check hash rate online. RX 580 will make $29 per day. GTX 1070 will get a bit less, I don't know, maybe about $24 or $25.

[itzsnookums]

i mined ethereum for 2-3 months using minergate and my gtx 980.

I had to downgrade my drivers to a 2012 version (can't remember which one). The newest driver gave me 2-3MH/s but when i changed the driver back got 19-22MH/s.

 

In that time i made about $15. Not really very much because it wasn't religious 24/7. I like to be able to actually use my computer so sometimes it wasn't mining. 

 

due to the prices of ethereum being everywhere right now haven't really been mining a bunch.

 

So yes you can make money. But is it really worth burning up your graphics card for a few extra bucks?

[noobee]

1 minute ago, JDE said:

Just check hash rate online. RX 580 will make $29 per day. GTX 1070 will get a bit less, I don't know, maybe about $24 or $25.

Really?? That's quite some money... For about 16 days I can get my money back from what I spend to buy GTX 1070!

why don't everybody just mine cryptos then?

Is that BTC, LTC, or Etheriem, or what?

[You_are_a_cunt]

Without major investments in dedicated miners (ASICs), no.

A decent ASIC is upwards of $5000 (fuzzy on actual prices, don't care for crypto anymore).

 

(ASIC price + electricity bill)/daily payout = No. of days to recover investment

followed by

Electricity bill - daily payout = profit.

 

Crypto mining is a long term investment that can go either way.

You either recover your money and go into the green OR you lose your investment due to market volatility.

[Guest]

1 minute ago, JDE said:

Just check hash rate online. RX 580 will make $29 per day. GTX 1070 will get a bit less, I don't know, maybe about $24 or $25.

Woah woah woah no.Thats very high.By using a mining calculator and a sorta generous hashrate for 580 with no power included, its 2 a day. So with power, its less than two (although the calc might be kinda off, I think theres people here who make 2.50)

[LienusLateTips]

Just now, noobee said:

Really?? That's quite some money... For about 16 days I can get my money back from what I spend to buy GTX 1070!

why don't everybody just mine cryptos then?

Is that BTC, LTC, or Etheriem, or what?

Etherium. Power is expensive in a lot of places though. In Taiwan, during off peak hours, where I used to live (NOT SAYING) is 65c / kWH. During peak, it's over a dollar.

[You_are_a_cunt]

3 minutes ago, JDE said:

Just check hash rate online. RX 580 will make $29 per day. GTX 1070 will get a bit less, I don't know, maybe about $24 or $25.

Which crypto are we talking about? Those numbers seem unrealistic at best.

[noobee]

2 minutes ago, itzsnookums said:

i mined ethereum for 2-3 months using minergate and my gtx 980.

I had to downgrade my drivers to a 2012 version (can't remember which one). The newest driver gave me 2-3MH/s but when i changed the driver back got 19-22MH/s.

 

In that time i made about $15. Not really very much because it wasn't religious 24/7. I like to be able to actually use my computer so sometimes it wasn't mining. 

 

due to the prices of ethereum being everywhere right now haven't really been mining a bunch.

 

So yes you can make money. But is it really worth burning up your graphics card for a few extra bucks?

Of course it's worth it if you can get your money back in less than a month. It's not like your graphic card will burn up less than that right?

[LienusLateTips]

Just now, Abyss Gaming said:

Woah woah woah no.Thats very high.By using a mining calculator and a sorta generous hashrate for 580 with no power included, its 2 a day. So with power, its less than two (although the calc might be kinda off, I think theres people here who make 2.50)

Saw the top post on reddit, idk anything

[Guest]

2 minutes ago, noobee said:

Really?? That's quite some money... For about 16 days I can get my money back from what I spend to buy GTX 1070!

why don't everybody just mine cryptos then?

Is that BTC, LTC, or Etheriem, or what?

You do not make that much at all... WIth quite a few 580s you will.

[Guest]

1 minute ago, JDE said:

Saw the top post on reddit, idk anything

Oh lol. Yea here

[itzsnookums]

btw not sure if the calculators are factoring in the difficulty...

[noobee]

2 minutes ago, Abyss Gaming said:

Woah woah woah no.Thats very high.By using a mining calculator and a sorta generous hashrate for 580 with no power included, its 2 a day. So with power, its less than two (although the calc might be kinda off, I think theres people here who make 2.50)

So why do people mine? 2.5 a day is like nothing, maybe it's even like losing money considering the electricity bills, and burning GPU.

[You_are_a_cunt]

1 minute ago, JDE said:

Saw the top post on reddit, idk anything

PPD for an RX 580 never went past $5 at best

Just now, Abyss Gaming said:

Oh lol. Yea here

This is realistic. So, under $2/day without factoring in power costs.

[Guest]

1 minute ago, noobee said:

So why do people mine? 2.5 a day is like nothing, maybe it's even like losing money considering the electricity bills, and burning GPU.

Cause it used to be much more. @revsilverspine said it only spiked to 5 but I thought it spiked closer to 10... I honestly dont know though.

[LienusLateTips]

Just now, revsilverspine said:

PPD for an RX 580 never went past $5 at best

lol know nothing about mining other than you make money and it's measured in hashs

 

off-topic, i feel bad for people in taiwan who want to mine