Quote from: jrrccmining on December 22, 2017, 08:03:02 PM

Quote from: drunkenone on December 20, 2017, 05:32:00 PM

Nope

I would love to hear your (and other's) opinion about why mining is not profitable, and what you are doing that makes it not profitable.

Let's look at the portion of my farm mining ZEC--of which I have 14 GPUs.

It costs an average of $5.79 per day to run all of them for 24 hours. In the last month I mined 4.18 ZEC. ZEC is currently trading right around $500 on Bittrexx (which is much lower than it was trading yesterday actually).

This means I've spent about $175 in electricity and have $2,090 in ZEC as a result. All in all, depending on fluctuations in BTC (the underlying currency that everything trades against), these 14 GPUs average a daily profit of $50-$85--consistently hovering in the $70s.

Mining can be extremely profitable if you know what you're doing, manage your farm correctly, make sure the pool you're with is getting you what the calculators say your setup should earn, and are adjusting/monitoring everything on a daily basis.

You`re not getting the meaning of that "Nope" obviously lol
And the whole calculus and wall of text...
Well, we are all miners (most) here and what we are especially butthurt about is a hashrate increase. So, any new guy popping up with "is mining profitable" is triggering the response. Also i believe that ppl are already fed up with newbros. But, we were all newbros once, so i feel for this guy. OT, mining can be very profitable, if you know what you are mining (hence the here domesticated phrase "only if you know what you are doing"), and if you don`t expect roi in 3 months. So, do some research (that way you`ll have to blame just yourself for failing, or feel like a boss for winning), not all profitable coins are on What to mine.