Post
Topic
Board Beginners & Help
Re: Who is still Mining?
by
Stephen Gornick
on 21/04/2012, 02:10:29 UTC
Almost every thread where someone starts talking about becoming a new miner they are talked out of it by people who are currently doing it.

Let's take the ideal situation.  Let's say the question started out like:

Quote
Hi guys.  I have an extra $2K lying around to buy hardware. I pay $0.10 per kWh.  I have a garage that is secure and stays cool.  It has plenty of outlets and I already have ethernet out there connected to my broadband internet.  I know my way around the command line and can troubleshoot problems fairly well.  I've got a little extra time and mining would be a better use of it than watching TV.  Once I get my feet wet, I might expand capacity as there is extra room and power to do so if I want.

I doubt anyone would try to dissuade this person from proceeding.

Let's take the more typical situation:

Quote
Hi guys. I got laid off and need money.  I have an old Dell PC but think I can borrow a thousand dollars from my girlfiend's father who will go in on this venture 50/50.  We live in California so electricity isn't cheap, unfortunately.  It gets hot in the summer so I suppose I won't be able to mine year-round.  I don't care about the noise or heat, but when the new baby comes I'll have to figure something better as the rig will have to share the room.  I'm not really technical but I ran this virus sweeper and it fixed my mom's PC so I should be able to do mining too.  The IT guy where I used to work was telling me about how he brings in a thousand dollars a month, all for free, because he already earned more than his hardware cost.  What should I buy and how much money can I get from mining?

Or worse:

Quote
Hi guys. I want to build a mining farm am looking for investors.  What hardware do I need?