Quote from: P00P135 on October 27, 2018, 09:45:42 PM

Quote from: rantern on October 27, 2018, 08:55:05 PM

unless you know what you are doing

i started mining last july

my rigs have been paid off by the value of my altfolio

currently, it costs me about $12 per day to mine about $30 worth of ethereum per day

in the current market conditions, thats pretty damn good

so for the noobies

MiNinG iS DeAd, unless you know what you are doing

Mining since july, mines Ethereum, says he knows what he's doing, calling other people noobies... Roll Eyes

ROFL.. true.! lol!

Quote from: FFI2013 on October 30, 2018, 07:55:01 PM

I don't know I've been mining for about 5 years now and mining has died at least 3 times, see some of use are here not to make a quick buck but to push the chains because we believe in cryptocurrency

Same here, exactly. I believe in crypto (not all about the money) Also been mining & involved in crypto from the get go. I totally agree, I can remember when past events occured.
1) when CPU > GPU came online
2) when GPU > ASICS came online (Scrypt)
3) Emergence of ASIC specific algo's
4) ASIC resistant algos becoming ASIC minable X11/X13 etc etc.
5) FinCENT and all the KYC and new Crypto Regulation (kind of caused a bit of a stir in mining circles)
These were all times when past events caused upheaval in the mining sphere.. (some more apparent than others)

your forgetting about the free VPS deals with nice usage allowances (if you know where to look Azure for one Wink

CPU >> XMR to bits, rinse & repeat.

another reason why your comments fall a little short is b/c you didn't include anything about reducing your primary mining overhead. ENERGY COSTS.
Start building a 18650 cell power wall, slap-up some solar panels which is an excellent method & one way to decrease operating costs and thus increase profits. Mining is far from dead imho.

FYI one final point. your missing the whole "mining new obscure alts" part,
fair enough you may take the risk of what alts you mine turning to shit.
But... All it takes is one good alt project get in on early @ launch, throw some serious hashrate at it and wait for the project to mature, land on an exchange then offload at premium. (Risky strategy, agreed.. however no risk no reward Wink

look at all the X16r / HEX algos coin's just coming on stream atm. Raven and ZEON, XDNA. all potential hotties. RVN being one I was lucky to hop into and make a killing on.

ahh.. another quick thought why mining is NOT dead.. Don't forget the Master nodes route too. There are a lot of projects making use of MN's. Running a dedicated MN or even being part of a group / shared MN scheme can earn you a passive income.

Basing your premise that mining is dead from mining one coin "ETH" in your case can hardly hold true once all things considered from directly mining new alts through to Luck elements Through to running MN's Its the risk we take. Sure markets are down & Prices are shit. costs are high..

Stay strong my fellow miner. This here Crypto game has the habit of changing rapidly, for the worse but also for the better. Look for opportunities (such as Masternodes)

Projects for miners

--Zeon Hex Network is live --
Dynamic . New. ZEON https://discord.gg/KAkXavE http://zeonhexalgo.fun
https://github.com/Pubfred/Zeon_hex
https://bitcointalk.org/index.php?topic=5054188.0

OR
[ANN]XDNA-Revolution in mining|GPU ONLY HEX algo|Charity Support|NoICO|Cryptopia
https://bitcointalk.org/index.php?topic=4517612.0

https://ravencoin.org/

Costs reduction Ideas

1kw DIY PowerWall affordable 18650 build project (2018) - YouTube
https://www.youtube.com/watch?v=hejOT7NF72E

DIY Tesla Powerwall - Solar storage 18650 lithium ion home Battery
https://www.youtube.com/watch?v=CsxElsOh-MI

Some info to know about harvesting 18650 Li-Ion cells from laptop batteries
https://www.youtube.com/watch?v=pvO0Iij8D1c

Ideas on how to source materials
** I'm no way endorsing but simply showing how mining costs can be offset with relatively little outlay AND incrementally Wink

**
https://www.aliexpress.com/w/wholesale-rechargeable-battery.html
https://www.aliexpress.com/category/52806/solar-cells.html