Quote from: puwaha on August 15, 2017, 02:25:00 PM

Quote from: EvilMonkey on August 15, 2017, 07:01:20 AM

Quote from: puwaha on August 15, 2017, 04:28:16 AM

Quote from: EvilMonkey on August 14, 2017, 10:20:44 PM

Seeing quite a few people in here posting things like I will mine Eth until the 1st NOV, or I mine such and such coin because it is going to go up in value!

This is just silly. Stop doing this now. Esp on 1080ti mining ETH is just silly. Always mine what is most profitable and buy the coins you want. In the case of ETH you can probably get 30-40 more ETH this way.

Just saying...

Why buy when you can mine them?

I guess I will have to spoon feed you. Here is real world numbers as of right this second.

Say one 1080ti can mine $2.74 worth of ETH per day. It can also mine $4.15 per day on skein or maybe $4.50 on signatum.

So how much BTC does $2.74 buy you? 0.00065

How much BTC does $4.50 get you? 0.00107

How do you buy ETH? with BTC. So you get almost double the ETH mining the more profitable coin. I mean I am pretty awesome at basic maths but pretty sure this should be REALLY REALLY obvious. Also a bunch of pools and sites auto convert to BTC so you can avoid transactions and sale fees.

You can't argue that ETH might go up because you are already buying more ETH. If ETH goes upto the point its more profitable to mine then you could switch over. You can leave that BTC as BTC because it is getting really good gains. Or you can pick and choose a good time to convert it to ETH if ETH price comes down.

Yes, we are both equally gambling.

You can either mine the hot coin right now, and hope that it holds it's good conversion-to-BTC price so that you can get more BTC to buy ETH... losing conversion fees and transfer fees along the way, mind you. Or you can just mine ETH directly and get what you put into the effort.

Sometimes it's better to mine the most consistent coin rather than the hot coin.

By the way, there's no need for the snarky "spoon feed" comment.

Actually if you mine zec or sigt or skein on nicehash and auto convert to btc then buying eth and holding the eth,

you will earn more then mining and holding eth if you have 1080ti's

there are exceptions but that is pretty much the facts.

A lot depends on how many cards but mining zec skein and sigt have worked better for the most part.