Oh! you rooking for AMD GPU?!

Oh! you rooking for AMD GPU?!
So sorry! They busy mining right now!

No problem, I'll come back later.

understandable, have a nice day

Libertarians need to be gassed. The crypto currency meme has gone too far.

The RX 470/480 prices on Ebay are insane. People trying to sell their used one for almost double what they cost new. Cryptocurrencies were a mistake.

No? Sorry. You must be mistaken, I don't want second rate trash.

we're all waiting for vega and navi

my 390x is fine ill wait

>AMD cards paying for themselves
nice

Sometimes I look at /biz/ once in a while and get jealous when Anons mention their $50k profits investing in crypto, but then I remember it's literally an unregulated stock market and is essentially clueless gambling.

isnt this a really bad way to have your pc? the risk of shock must be crazy.

So just like IRL economy

git gud

Just imagine all the kids who killed themselves during the first and second crash and it'll sort itself out.

all of that shit and hes still using stock intel cooler.

what a retard.

Why would he need anything better? That's a $50 cpu he's not using, familia...

>I have that metal cart and PSU
>right next to me

My roommate and I made about $1000 each off
of doge coin when it first launch.

Morons actually bought the shit.

>all that shit
>no surge protector

Is the socket grounded? then no.

Okay, but not soon. Very wong wait rist.
Come back in year maybe

/biz/ , should I put $100 into bitcoin

>mining
>CPU

Sup Forums in a nutshell.

>Sell 480 for nearly $400
>Buy 1070 for about the same
>Still just as good for mining and is a stronger card
It's bretty good making $4 bucks a day, all from NOT playing video games

>I been saying to myself for 4 years that when im out of college i will buy 1 or 2 bitcoins and just let it alone 20 years or something.
>The price wont stop raising

How long does it take to turn a profit by doing this? Judging by the electricity bill for the power usage and the a/c increasing that would be at least $100 extra a month.

you're not going to be laughing when a currency that takes more energy to verify a transaction than it takes to power a house for a day, and is used solely for drug transactions and ransomware totally revolutionizes the economy and puts an end to (((fiat money)))

There's about 120 cards visible there earning roughly $120 per day

I knew about bitcoin when it was possible to mine whole coins by oneself. Never thought it would blow up. Could've had college paid for.

I thought mining was pointless after it got cut in half or whatever?

How much could i mine with a GTX 1050Ti?

>minus rent for the building
>minus electricity
wow user, seems we're in the negatives already

Undervolt the CPU and run it open air like that to remove needs for fans, and it'll turn even more of a profit.
Each card only uses about ¢55 cents or so a day if you're at ¢14/kwh. Meaning each card makes about $4 per say after power usage.

Dunno about the AC though.

mining what, bullshit? You can't mine bitcoin anymore and the other cryptoscams are DoA.

Are you being ironic or a retard?

literally nothing.
nvidia cards arent for mining.
single card mining makes pennies a week, and then you subtract power cost.

Read his post again, and then take a guess retard

Nothing. Nvidia cards are garbage for mining.

Those cards are shit then.
I mine with my gaming rig

4790k
2x 1080gtx
$12 - $14 per day

No you don't. Maybe back in 2012.

I just made like $4.30 today though.
Not as great as a AMD gpu farm but it's enough that if I run it for a few months I can have some spare change for dinner or maybe some new parts.

...

>mentioning your cpu
you're a dumb fuck

>I just made like $4.30 today though

And how much did the electricity you used in the process cost you?

How do I into crypto currency guys? Feeling a bit poorfag and thinking cryto currency is the future? Am I wrong? Newbie here

>running your $1500 gaming rig into the ground just to make $12 a day

lmao I hope you're serious so I can laugh even harder

Like 30 cents

4 bucks after paying electricity?

>Feeling a bit poorfag and thinking cryto currency is the future?
it wont you lived too early son, were still 50 years away from crypto being accepted and theres no assurance that it will stay secure when faster computing power or quantum computers come

Haha, you dumb kid. Go ask mom to check the meter for you.

Power is still cheap in some places.

.05 to .07 kWh in WA.

thanks fot the free 1070 upgrade bra

Not him but a kHw is 0.027 cents(USD) here.
And im a thirdworlder.

LETS DO THE MATH!

150W maximum x 24 hours x 15 cents/kWh = 54 cents

WOWEE YOURE FUCKING STUPID

>Durrhurr a 200w card using more than 10-15 bucks a month

>150W maximum
LOL

Is it still a gamble to dip into that business? When was the last time okay for norms to join crypto currency mining? 2010?

I don't understand how you buy fractions of a bitcoin? Like when someone buys $100 worth but single bitcoin is dozens of times more then that. Are you just borrowing a piece of that bitcoin while the owner keeps it while it goes up in value or what?

Well that's what the card is rated for, supposedly. You sure as shit not getting more than a factor of 2 beyond that and thats still not bringing you into the red.

It is though because there's no way anyone is making more than 10 cents a day with a single card.

Based on the card and OC theorically your card can spike up to 250w.
Still is nothing.

...

Etherum is surging, or at least it was a couple of days ago

Not really.

>norms
2010-2012, everything is on the big leagues now. you could make a lot more money on stocks instead of doing crypto

funny how things worked out

>vega is optimised for render not compute
finally senpai.

Are those all motherboards?

Either the estimators and figures given by people are wrong or youre a retard insisting on unsourced figures.

tfw kwh is 0.3€ in germany

wasn't there a situation a while back where a single group could have potentially fucked up a bunch of things by owning a majority of the mining done, and it was only prevented because they voluntarily chose not to exploit it?

because if i wanted to have like an actual monetary system the failsafe really should be the kindness of the user's hearts

>nobody posts proof of how much they're making with a single gpu
wew and i'm the retard.

Guess I should go ask for /biz/ for all this shit. It sounds too appealing..and I'm drowning in debt
If somehow I get off my ass and start this "mining" thing and get a lot of dosh, I'm buying you guys a beer

SO what, $400 card plus ~$200 for system (scaling down with multiple cards) earning maybe $4 a day? That's five months to break even.

Why?

>tfw was gonna sell my 480 to get a 1070
>now i'm going to sell it for peanuts to a cousin whose 7950 blew up
a-at least it's an excuse to go to a 1070

>150W maximum

HAHAHAHAHAHA

>it's a "I know nothing about cryptomining but I must be right" post

Go post on a forum dedicated to the subject and tell them you're mining with a single 1070. Enjoy the laughter.

Sure, go ahead and ignore the word "estimators" that I said first. You know, the word representing the entity that uses the computational output of the card and the computations necessary to yield a bitcoin to determine profit?

I'm making 9.50 with two, waiting for the other parts to come in the mail

>using an estimator
nobody gives a fuck about those.
post real world proof or shut up you uneducated nit.

kid you're better off making money elsewhere. train left long ago, and anyone saying otherwise is making a killing on suckers like you.

Your entire system only pulls 150W when mining, despite the fact that an average system pulls 100W when idle? Wowee, user, you must have the world's most efficient 1070!

Or maybe you're just a retard. Not only does a 1070 use more than 150W by itself, the rest of your system is drawing power too. You are making a few cents AT BEST by mining on a 1070. There's a fucking reason why everybody buys up all the AyyMD cards for doing it, but you carry on believing that everybody is stupid except you, and that you've outsmarted all those dumbasses who've been doing this for years.

Enjoy your riches, smart guy. :^)

[proof]

>AMD won AGAIN

12$ a day is good here in my shot country
But then you can't turn int into real money without jumping hoops

You realize 1070s use less power than amds?

Download nice hash nigger, try it yourself. This ain't 2014.

>kindness of the user's hearts
it wasnt kindness, they were intelligent enough to know that if they had done this it was the end of bitcoin in general since they hold a fuckton of coins why would they want their coins devalued.

they need trust for the system to work.
owning 1/2 of 1000 is different from owning 3/4 of 100

How does this mining shit even work? What the hell are the cards doing to make cash every day? How do you even use the money?

>paying for electricity

>nicehash
>cloud mining
yeah, you'll see that money...

Getting even $10 a day out of a rig that is doing nothing while you're at work adds up to about $300 a month, $3,650 a year

With dual GPU's you can just stop mining on one and game on the other and 2 - 3 hours of gaming doesn't hit you profit too hard.

this is just it, its the internet survey for 30 days and you get money scam

it doesn't, nothing, you can't.

bet he's stuck on a 60hz monitor too haha

Capitalism: it's super efficient!

>electricity cost
>cost of rig
>threat of fire
>wear and tear of hardware
youre either going to break even or lose a lot in this endeavor, theres no I'll get passive income outcome out of this

so it's some kind of meme?

That's good. I've always wanted to die penniless and in debt.

Blowing everything else in a cassino is more fun than clicking your account away

>posting /biz/ shit on Sup Forums
Why? It always hurts to read.

Listen up fuckers, people are making money buying and selling bitcoins not farming them.

so keep up the good work farm goys

hurts being a nocoiner doesn't it

Yes, you've discovered what religions have known for millennia: life's less painful when you live in a mass delusion.