GPU Mining Mining vs Buying Crypto. Everyone is missing important factors.

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• Mining vs Buying Crypto. Everyone is missing important factors.
• Some advice.
• Lifetime 0% pool fees

Mining vs Buying Crypto. Everyone is missing important factors. Posted: 23 Dec 2018 11:13 PM PST I've seen a lot of discussion about Mining coins vs buying them due to the bear market. I think people are thinking too linear such as buying ETH vs mining ETH. ​ Cases for mining Crypto Buidl a mining rig at say $4000, in one year time that (Potentially) could pay for itself. There's no other investments you could make that could do that. Self-managed. The miner decided what coin to mine, can swap from coin to coin(GPU mineable coins of course) The most important thing is here as I stated is being able to flip to coin to coin mining whatever is profitable(Only considering that we are trying to ROI). This includes low or NO market cap coins! RVN was NOT available to buy on any exchanges for months after its release. Cryptobridge then later Cryptopia where the only exchanges to buy/sell RVN in the first 6 months. Also consider that, since RVN blew up in less than a year, one could have been mining from the start earned plenty of coins then sold off during its last run-up and made double or more than what the rig cost. Building a rig can be many things. Learning the Hardware, OS, etc. You can make it look very neat, with LED lights/fans(considering Hobby miners here) that you could show off to friends and family. You gain overall IT experience. A constant stream of coins rather than setup repeat buy orders and having to watch prices like a hawk to get at low prices. Cases for Buying Crypto A fairly simple process now depending on how you do it. Get setup at an exchange such as Gemini or Coinbase in order to get FIAT transfer to BTC. Just buy BTC then trade for coins. Buying to HODL. Investments are far simpler you just need to buy a coin. $4000 investment now will grant you one BTC. Depending again on market factors could double your money in less than a year. No intrinsic costs such as Rig setup/downtime/fixing problems Save on recurring electric costs ​ My personal opinion I work as Hardware Analyst for a company, so it's just in my nature to play with computer hardware, it's a fun hobby for me. It's even better when that hobby generates its own income! So I always build my rigs and set to mining. Of course, I keep my overhead costs extremely low. Run everything out of my garage. A friend helped build rig housings. I have cheap electric rate of .09kw/c. All these factors should be taken if you going to be doing it seriously and dropping more than 10G into it. ​ Mining Success? I generally think many "miners" are lazy. They fail to research upcoming projects that could hit it big. To be truly successful YOU MUST find new projects to mine and "gamble". You can always play it safe and could well ROI but you'll never see great returns, end of 2017 beginning of 2018 with the run-up being the exception. Don't expect that again anytime soon. ​ You must Pay attention to what is going on in the crypto-sphere. When do coins half there block rewards? How does PoW actually work? What the best miner to use to maximize coins etc. There are tons of small factors that add. ​ Thanks all, hope this helps! submitted by /u/Xazax310 [link] [comments]

Some advice. Posted: 23 Dec 2018 01:34 PM PST Edit: Thanks for the frank advice. I guess I just to figure out the least annoying way to sell my gear (most of the time I just let it rot in the closet telling myself someday...) ---------------------------------------- I have never mined in my life, but have a 6700k/mobo/h115i cooler + gtx 970 I could sell, but I don't like dealing with selling stuff. My power costs here are roughly $0.075/kwh until 1000 and then drops to about $0.054/kwh. During the summer it goes up to $0.086/kwh. I can buy a cheap case/psu/stick of ram and have a ready to go PC for mining. I am not looking for big returns, but would be nice to net SOME money each month. Is it possible with my rates and this equipment? If it is possible should I just install Ubuntu and look for some of the alternative currencies to mine? submitted by /u/Aaril [link] [comments]

Lifetime 0% pool fees Posted: 23 Dec 2018 10:41 AM PST Home of the Lifetime 0% pool fees. https://miningpool.online submitted by /u/Crypto_J0hn [link] [comments]

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