Quote from: lunobird on April 26, 2019, 06:51:31 PM

Quote from: kryptopolak on April 26, 2019, 06:14:46 PM

You can pick up vega 56's for around 280$ x 6 = 1680 - 1700$. brings in 5 - 7$ a day, depending on what coin/algo you choose to use. I understand the rest of the components are not added into that price but either way that is a decent profit, at today's low crypto prices...

If you truly believe in crypto or a certain project/token then why not mine, you could spend 2000$ and buy the crypto, maybe the market will crash and you lose that 2000$, if you buy a rig, at least you can sell the parts and make some of the money back. I have been mining since 2013/14, i started mining litecoins with 2x AMD 7950's and 2x AMD 6770's since then, i have seen the market swing up and down way to many times, people get discouraged when the market is low and say its not worth it... when i started out i was mining 1LTC every 3 days or so, and back then price was 1-2$, seemed not really worth it hey? i sold a lot of my LTC around 250$ a piece, now tell me again it wasn't worth it. Today i mine 5XMR a month, yes i know... its not worth it again right... peak XMR price was 375, crypto is still in its early stages. It may never see those highs again, but trust me, it is and will continue to be profitable to mine.

Ya I bet if you had the chance to buy or mine ltc back in the day you would have wished you should have bought them instead of mining them breaking near even with electric. Would have been a multi millionare instead.

You probably put more than 5k into minings rigs hoping to break even. If you put 5k on LTC at $1 dollar thats 5000 LTC and that would make you over a million. But instead you got your rigs paid off as your reward instead of having over a million

Never assume someone's financial status, I actually did purchase quite a bit when they were selling for around 0.80 cents, anyways, anyone can say "i bet you wished you bought"... i bet you wished you bought BTC when it was pennies, thankfully i was mining and constantly accumulating more and more...I may not be a multi millionaire, but i do live debt free, and trust me its a good feeling. At that time i could not afford to gamble anymore with crypto, the hardware i purchased created a safe way of accumulating more crypto over time, and i have had no trouble selling any of the equipment to buy newer better cards. The point of my post is, mining has been up and down for years, to date, there has yet to be a time where in the long run it is not profitable.