Buildawhale just voted me up, so thanks for that :D
Gonna give you the witness vote now.
Also, them GPUs look sweet. Can't wait till I assemble my own rig eventually.
Buildawhale just voted me up, so thanks for that :D
Gonna give you the witness vote now.
Also, them GPUs look sweet. Can't wait till I assemble my own rig eventually.
Thanks!
Unless something changes soon, mining is becoming less and less profitable. I'm at the point I'm going to start selling my rigs off. I've been selling a few off here and there when I get offers above my costs. When the ice age reverses it might make it more profitable again but they also lowering rewards so I doubt it will be the case.
The general theory is to move to alt coins when Eth isn't profitable but that is what everyone else is doing, and with 1000% the hashpower from Eth hitting them, I don't think they will be profitable. So you might want to do some research before getting into mining at this point. If you have free power, then it's almost always going to work out.
Well, as you might've noticed I happen to be a minnow, and I am by my very nature competitive. If I had any cash to spare I would Steem Power without a second's delay, just so I could boost my standing on here further. Unfortunately, lack of cash is what drove me here to begin with, and more and more of my efforts are driven toward Steemit investment, because the mining route, as you state here yourself, is becoming a dead-end. The only really cost effective way to mine is to drop a huge sum of money into several Antminer S7s, chain them all together, and then let them do their thing. If people actually had that kinda money to spare, that is. I tried mining with my Dual Core CPU first (you can laugh at that, cause I did too).
Then I tried mining on a four year old low-profile Galaxy GTX 750 Ti.
Then it hit me...this sh*t just ain't gonna work. Gotta find another way.
Leaves those of us who didn't wishing we had invested heavily in Bitcoin way back in the day.