Quote from: Metroid on November 22, 2020, 01:22:32 PM

Quote from: Furryball on November 22, 2020, 01:04:17 PM

Now that Bitcoin is surging will altcoins be more profitable to mine right now? Is it a good time to buy mining rigs or graphics card? I need some advice, it looks like altcoin season is coming in hot this time around, too late to be a miner or not?

gpus are usually too expensive in the bulltime, for example 3080 for 1200 usd but on beartime, you can find them cheaper than msrp not sure if 3080 will apply here cause is a good gpu for gaming too. RX 5700 in 2022 will be able to find for $150 or less, 2022 is when I think the beartime will hit us again, it might be a bit ealier than that, now in bulltime, buying coins is better but pay attention that in bear time is better to buy coins too and wait few years till bulltime again. Also pay attention that once eth mining is over then other coins will also have a reduced earnings. I think this might be the end of gpu mining for all we know, be wise do not spend too much money on mining, might regret it later, rx 570/580 are still being sold for $150 only because people are paying as it is giving something back to miners but once it has no use anymore then not even $50 will be worth, the same can be said for the rx 5700. Do it for fun as hobby, don't do for profit, is too uncertain what will happen on the next 2 years.

....or mining is just part of the portfolio

Quote from: adaseb on Today at 05:08:09 AM

I am getting this questioned asked by relatives and friends because they are hearing how BTC is almost $20000 and they basically want to find out "How can I mine 1 BTC with my Macbook". Basically they all think you can mine BTC (not alts) using computers still and want to know much many Bitcoins they can mine PER DAY with their $1000 Macbook.

When I explain to them about how it works, give them all the details, pricing and estimated daily profits, they either think I am lying or they are no longer interested because "I won't get rich making $0.70 per day per GPU that costs ~$150".

Almost wish I never mentioned to anyone I was involved with Cryptocurrencies.

hehehe he he heh eehe heehe he eheh he he. Grin

... i hate people.