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Thread: QOTW: Do you mine for cryptocurrency?

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    QOTW: Do you mine for cryptocurrency?

    If so, what hardware do you use and have you made a profit?
    Read more.

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    Re: QOTW: Do you mine for cryptocurrency?

    I did for a couple of weeks, did not see the benefit
    Used a gtx970 strix for monero and i7 4790k for bytecoin

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    Re: QOTW: Do you mine for cryptocurrency?

    I better not try!


    Go!Go! Gadget Underpants!

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    Re: QOTW: Do you mine for cryptocurrency?

    Part of me is wondering if I should try, to say my 290x's seem to be worth more on ebay now they must be up to it.

    Either that or I might just pull one and sell it while the going is good.

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    Re: QOTW: Do you mine for cryptocurrency?

    Yep, though not full time, just to make a little money off the hardware I have. R9 390 and R9 280, combined get a hashrate of around 47-48MH/s. I'd love to use my CPU on the action, but its not very profitable.

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    Re: QOTW: Do you mine for cryptocurrency?

    Quote Originally Posted by Wozza365 View Post
    Yep, though not full time, just to make a little money off the hardware I have. R9 390 and R9 280, combined get a hashrate of around 47-48MH/s. I'd love to use my CPU on the action, but its not very profitable.
    What sort of returns did you see, if you don't mind the ask?

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    Re: QOTW: Do you mine for cryptocurrency?

    Nope. I'd need to turbocharge my abacus.
    Noli nothis permittere te terere.


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    Re: QOTW: Do you mine for cryptocurrency?

    No, never really interested me.
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    Re: QOTW: Do you mine for cryptocurrency?

    I heard it's not worth it in the UK, cause even on the cheapest electricity tariff, you'll only make a fraction of that back worth in bitcoins? - that was something I read years ago... with the high price of btc, is it worth it now?

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    Re: QOTW: Do you mine for cryptocurrency?

    Quote Originally Posted by Wozza365 View Post
    Yep, though not full time, just to make a little money off the hardware I have. R9 390 and R9 280, combined get a hashrate of around 47-48MH/s. I'd love to use my CPU on the action, but its not very profitable.

    Tell me more, I could manage that with my 290xs.

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    Re: QOTW: Do you mine for cryptocurrency?

    The only Bitcoin mining I've ever done was for the Bitcoin Utopia project via BOINC. So I was only accumulating points rather than cash. I was using a Rockminer R-Box but now the project is dead it's sitting idle.
    Don't really want to dedicate my GPUs to cryptocurrency as I use them for other BOINC projects...

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    Re: QOTW: Do you mine for cryptocurrency?

    Nah, I missed the boat on this one - and getting into it now in any meaningful way will require a significant outlay. I did consider dropping a few grand on cards and kit, a month or so back, but I doubt I'd see enough of a return to make it worthwhile.

    I think, by the time GPU and motherboard manufacturers are making mining specific products, it's a reasonably safe bet it has gone beyond it's peak. i.e. selling pans & shovels to the gold miners.
    Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!


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    Re: QOTW: Do you mine for cryptocurrency?

    not in full time, but trying

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    Re: QOTW: Do you mine for cryptocurrency?

    Did some about 3 1/2 years ago. Bought a cheap mobo & CPU and 4x R9 280X's. Was pulling 1250W from the wall 24/7. for 6 months.

    Mined Litecoins until the ASICs came online and the difficulty went through the roof. At that point switched to Vertcoin as it was meant to be ASIC resistant.

    Gave up when one of the GFX cards went pop.

    Funnily enough just sold all my coins last week after sitting on them for three years as it wasn't profitable at the time I mined them to sell them. Wouldn't have covered the costs.

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    Re: QOTW: Do you mine for cryptocurrency?

    I've been mining for about a year now with my GTX 980Ti, since it spends most of the day unused. I thermally limit it to 68C to preserve the cards lifespan, and with an auto-exchange pool I get $0.18-$0.34 per hour. Electrical costs are $0.14 per hour, so it's a nice little trickle of profit.

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    Re: QOTW: Do you mine for cryptocurrency?

    It used to make sense 5+ years ago but with dedicated mining processors (asics) these days makes it pointless as you spend more in elec than you generate, never mind the heady days where it paid for a new gpu every 3 months

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