Anyone into cryptocurrency mining here?

[topmobilegear]

Just started mining this week on my 4 GPU cards rig, hope to expand the cards for faster mining. Anyone to share any pointer here?

 

[jacky5297]

Is mining profitable? What is the monthly profits like?

 

[topmobilegear]

Is mining profitable? What is the monthly profits like?

Getting less profitable due to the shortage of graphic card and more people joining in. It used to be break even on the 60-70 days, now I can only break even on the 140th day from the forecast! If you place your mining farm in Malaysia then the wait is shorter!

 

[kannis_ng]

2011 it was profitable

 

[sg_investor]

Can breakeven with electricity bills?

 

[topmobilegear]

Can breakeven with electricity bills?

Depends on which cryptocurrency you are digging, Bitcoin is insanely impossible with difficulties in mining with so many miners in China! People are using Antminer to dig for it nowadays, no longer realistic with graphic card rig anymore. Anyway, there are other better currencies to dig for!

 

[BBCWatcher]

If you do mine, don't do it in Singapore where electricity is rather expensive. Hypothetically you could be a cattle rancher in Singapore too, but it would be uneconomic.

 

[topmobilegear]

Re: Cryptocurrency

If you do mine, don't do it in Singapore where electricity is rather expensive. Hypothetically you could be a cattle rancher in Singapore too, but it would be uneconomic.

No right or wrong, just a matter of profitability. Choose the right cryptocurrency, maximise your investment by investing in high yielding hash rate GPU, selling those coins in your wallet at the right time then there is a difference! Anyway, just stay away from Bitcoin mining!

 

[sg_investor]

In china they make dedicated ic chips to do minings. I wonder whether the ic design company can break even.

Depends on which cryptocurrency you are digging, Bitcoin is insanely impossible with difficulties in mining with so many miners in China! People are using Antminer to dig for it nowadays, no longer realistic with graphic card rig anymore. Anyway, there are other better currencies to dig for!

 

[lifeishard]

Just started mining this week on my 4 GPU cards rig, hope to expand the cards for faster mining. Anyone to share any pointer here?

The pointer is buy my 1070 founders edition at $800 lol. Can oc +200 core +700 memory hor dun play play.

 

[topmobilegear]

Re: Cryptocurrency

In china they make dedicated ic chips to do minings. I wonder whether the ic design company can break even.

They are made by a company called BitMain, their machines is good for those coins mine using ASIC hashing like BitCoin and LiteCoin. Cheers!

 

[BBCWatcher]

No right or wrong, just a matter of profitability.

Right, and you can be more profitable running your mining where electricity is more affordable.

 

[zuoom]

It really depends... On the value of the coins.

 

[frenchbriefs]

On YouTube I see so many pros try and fail over and over again,and these people are hardcore pros,they literally move from State to state,set up gigantic server racks,huge circuit breakers,backup power grid and whatnot.all these effort just to make 2k a month.so much technological expertise yet they still broke as ****.can barely pay for their 25k equipment.i think u get a job and save 25k better.although now Bitcoin price damn high....

 

[topmobilegear]

On YouTube I see so many pros try and fail over and over again,and these people are hardcore pros,they literally move from State to state,set up gigantic server racks,huge circuit breakers,backup power grid and whatnot.all these effort just to make 2k a month.so much technological expertise yet they still broke as ****.can barely pay for their 25k equipment.i think u get a job and save 25k better.although now Bitcoin price damn high....

Actually, those who like to post their videos on YouTube when doing cryptocurrency are those who make real money! For every 1K viewers, YouTube will pay them $1-$5 USD! Those successful ones have more than 1 million per video so every video they made at least $1.5K-$4.5K USD! Anyway, they always switch cryptocurrency when the one they mined is yield low.

 

[ipaq4444]

Actually, those who like to post their videos on YouTube when doing cryptocurrency are those who make real money! For every 1K viewers, YouTube will pay them $1-$5 USD! Those successful ones have more than 1 million per video so every video they made at least $1.5K-$4.5K USD! Anyway, they always switch cryptocurrency when the one they mined is yield low.

bro, you got 4 gpu in your chassis????

 

[dexxter]

Crypto mining is very profitable those interested to get one can contact to visit a singapore mining farm - http://www.cryptocurrencyminingrigs.info/

 

[jasvonvios]

Just started mining this week on my 4 GPU cards rig, hope to expand the cards for faster mining. Anyone to share any pointer here?

Do u mind to share yr rig setup?

 

[vickigoh]

since electricity in SG so expensive so do we really earn by doing minining in SG?? maybe setup in MYR will be better.

So wondering anyone really profit mining in SG?

 

[AspireTuition]

There's some really good free cloud mining services that use your PC's gpu and cpu to mine. I can tell you more via pm if interested, but can't post link here