Quote from: rdluffy on June 18, 2019, 11:46:42 AM

Quote from: huntingthesnark on June 18, 2019, 07:59:30 AM

Quote from: coinforlife on June 15, 2019, 05:55:31 PM

Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.

I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.

Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.

Thank you

Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value?

Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true.

If you think about future value, why not buy the coins directly?
Like Metroid said a hundred times, you can buy your coins, and hold, if you´re mining for future prices, you're doing wrong

Indeed. My point is that creating a calculator that incorporates 'future value' is quite an undertaking - you may as well ask for a tool that predicts the lottery numbers, or the winner of the next Grand National.

It's basically shouting 'I want a magic wand' at the internet...