Post
Topic
Board Mining (Altcoins)
Re: Thoughts on profitability for my custom computer/rig?
by
ScottTC
on 03/02/2018, 04:11:06 UTC

Profitable ? You never said how much you paying for electricity , that is one of the main factor Wink
What is your kwh/$ price with all the taxes and fees ?
You can not mine Litecoin with GPU's anymore... YOu need asic hardware for that to generate any profit ...

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates tomorrow , months later or 6 months later a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not  Grin
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !


Got ya on the ASCI, didn’t realize it didn’t run GPU’s anymore on Litecoin. That cleared up that question. *Thumb Up* thank you for the help there...

On your “Quoted, quote” of why “noobies keep asking...blah...blah...blah...”

All you had to say was “Sorry dude, as nice as your rig may be, it won’t work to mine Litecoin.” (That would have ended the convo and I would have been satisfied knowing that I couldn’t mine with mu custom rig and would have been happy to look at a side-line, already built system that I could use as a potential “side investment”.)

Also...Ever think about the fact that we HAVE done research? How do you think myself and others came across this forum??

I have read DOZENS upon DOZENS of web pages and watched DOZENS of DOZENS of long and complicated YouTube videos...done a virtual never ending search of how to get Hashrates from devices and to get a full proper comparison to even see if its still viable to enter into mining or if its worthless at this point.

Then we come to places like this to get feedback from those that could help us cut through all the BS and unlimited GARBAGE on the web...and we get flack for asking for help.

Either HELP ...or... Shut up. Just the opinion of someone that always helps others when and where I can (which is why I was a volunteer EMT/Dive Medic/Public Safety Diver), and who won’t take smart mouth shit from others.  Cool

To those that helped me w/o gripe...thank you greatly for your time! It was greatly appreciated!! *Much Respect*