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Showing 5 of 5 results by ScottTC
Thank you Bill. 
Thats a repsonse I was looking for.
I build my custom computers to last 10+ years for my graphic rendering and 4k video editing/blending. So, while they are overkill to many of these full of themselves individuals that cant read, I said removing all market movement and volatility could the rig turn a profit? Again, these tools think Im here to make money/living off this stuff. Im just looking to possibly recoupe some of my expenses on a system that Im building regardless of mining.
Also to the arrogant bolding individual a few posts up...guess you cant read posts or youd have realized your posts are irrelevant as another answered my questions w/o your smart ass remarks. (About Litecoin being on ASCI.) Thanks for your arrogant time though. *thumbs up*
Thats a repsonse I was looking for.
I build my custom computers to last 10+ years for my graphic rendering and 4k video editing/blending. So, while they are overkill to many of these full of themselves individuals that cant read, I said removing all market movement and volatility could the rig turn a profit? Again, these tools think Im here to make money/living off this stuff. Im just looking to possibly recoupe some of my expenses on a system that Im building regardless of mining.
Also to the arrogant bolding individual a few posts up...guess you cant read posts or youd have realized your posts are irrelevant as another answered my questions w/o your smart ass remarks. (About Litecoin being on ASCI.) Thanks for your arrogant time though. *thumbs up*
Profitable ? You never said how much you paying for electricity , that is one of the main factor
What is your kwh/$ price with all the taxes and fees ?
You can not mine Litecoin with GPU's anymore... YOu need asic hardware for that to generate any profit ...
I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME"
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates tomorrow , months later or 6 months later a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates tomorrow , months later or 6 months later a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
Got ya on the ASCI, didnt realize it didnt run GPUs anymore on Litecoin. That cleared up that question. *Thumb Up* thank you for the help there...
On your Quoted, quote of why noobies keep asking...blah...blah...blah...
All you had to say was Sorry dude, as nice as your rig may be, it wont work to mine Litecoin. (That would have ended the convo and I would have been satisfied knowing that I couldnt mine with mu custom rig and would have been happy to look at a side-line, already built system that I could use as a potential side investment.)
Also...Ever think about the fact that we HAVE done research? How do you think myself and others came across this forum??
I have read DOZENS upon DOZENS of web pages and watched DOZENS of DOZENS of long and complicated YouTube videos...done a virtual never ending search of how to get Hashrates from devices and to get a full proper comparison to even see if its still viable to enter into mining or if its worthless at this point.
Then we come to places like this to get feedback from those that could help us cut through all the BS and unlimited GARBAGE on the web...and we get flack for asking for help.
Either HELP ...or... Shut up. Just the opinion of someone that always helps others when and where I can (which is why I was a volunteer EMT/Dive Medic/Public Safety Diver), and who wont take smart mouth shit from others.
To those that helped me w/o gripe...thank you greatly for your time! It was greatly appreciated!! *Much Respect*
Understandable.
Taking volatility out of the marketplace....assuming that market stability were there and say Litecoin stayed at $140 per coin. Could my rig hit a high enough Hashrate to make the electricity consumption worth the usage and still return a profit?
I guess thats my question.
Sorry for any vague-ness and confusion in what I was asking.
Thank you to all for the assistance!
Taking volatility out of the marketplace....assuming that market stability were there and say Litecoin stayed at $140 per coin. Could my rig hit a high enough Hashrate to make the electricity consumption worth the usage and still return a profit?
I guess thats my question.
Sorry for any vague-ness and confusion in what I was asking.
Thank you to all for the assistance!
Quote
Profitable ? You never said how much you paying for electricity , that is one of the main factor
What is your kwh/$ price with all the taxes and fees ?
You can not mine Litecoin with GPU's anymore... YOu need asic hardware for that to generate any profit ...
What is your kwh/$ price with all the taxes and fees ?
You can not mine Litecoin with GPU's anymore... YOu need asic hardware for that to generate any profit ...
Oops. Forgot to mention that. My electricity runs between $0.09 to $0.11 per /kWh.
I also want to reiterate that Im not building this rig solely for mining, but wouldnt mind using it for mining if I could recoupe the cost of my rig.
In other words...use mining to pay for the rig then use it for graphics design and video editing like I was intending on using it for.
Hello. Im new to the Crypto Curency realm and wanted to know if my rig would be profitable in mining Cryptos like Litecoin or others.
My rig is (or will be once I build it for personal use and to use for mining as well) as follows:
Motherboard: ASUS ROG Zenith Extreme sTR4 AMD X399 SATA 6Gb/s
GFX Cards: (x4) EVGA GeForce GTX 1080 Ti SC2 Hybrid 11GB GDDR5X (Liquid Cooled)
CPU: AMD RYZEN Threadripper 1920X 12-Core/24 Threads 3.5 GHz, 180W
RAM: G. SKILL Trident Z RBG Series 128 GB (8 x 16 GB)
I am wondering if my rig would be profitable? Im not building it solely for mining, but if it would turn a good profit over time...I may let it run as one to at least pay off my initial expenses of building it...then I could use it for personal use once I recoupe my initial investment per-say.
Thoughts on how this system would do??
Thank you greatly for all your assistance to this noobie!
My rig is (or will be once I build it for personal use and to use for mining as well) as follows:
Motherboard: ASUS ROG Zenith Extreme sTR4 AMD X399 SATA 6Gb/s
GFX Cards: (x4) EVGA GeForce GTX 1080 Ti SC2 Hybrid 11GB GDDR5X (Liquid Cooled)
CPU: AMD RYZEN Threadripper 1920X 12-Core/24 Threads 3.5 GHz, 180W
RAM: G. SKILL Trident Z RBG Series 128 GB (8 x 16 GB)
I am wondering if my rig would be profitable? Im not building it solely for mining, but if it would turn a good profit over time...I may let it run as one to at least pay off my initial expenses of building it...then I could use it for personal use once I recoupe my initial investment per-say.
Thoughts on how this system would do??
Thank you greatly for all your assistance to this noobie!