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SVTPerformance's Chain of Restaurants
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Who is into building PC's/Gaming rigs?
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<blockquote data-quote="quad" data-source="post: 16202625" data-attributes="member: 17952"><p>In December 2018 I was making 1 ETH per week because the difficulty dropped. A few weeks I managed about 0.96-0.98 per week. The difficulty has increased again and I am down to about 0.8 ETH per week. Sometimes one of the rigs go down and I'll lose 2 hours or so of mining unless it goes down while I sleep. So I might make only .75 ETH per week in those cases but then my electrical usage goes down also.</p><p></p><p>With current prices the profit on paper is a little more than the cost of the electricity. But not enough to cover the cost of the hardware. I have of course not converted anything to USD. My ETH payouts goes directly to my Coinbase account. You can also mine directly to your Binance account if you prefer trading and don't want to pay the small fee to transfer from Coinbase or another wallet to Binance. I also mined ZCASH with the Nvidia cards earlier in 2018.</p><p></p><p>It is obviously a gamble and if I had used all the money spent on hardware to buy various cryptos when they were rock bottom I would have had a lot more now. I guess I like building rigs and it was an excuse to try something new, I just went crazy with all the hardware lol! Fortunately I bought the GPU cards before the prices were jacked up. I got the 1070 ti cards brand new for $469 in late 2017 and the RX580s for $289 and $350 through various purchases. I can sell the cards down the road or use them for rendering since I dabble with that also as a hobby.</p><p></p><p>Now of course if ETH ever goes back to it's high of $1350 I will realize a nice profit and also cover the cost of the hardware.</p><p></p><p>What sucks is a few years ago you could mine quite a few Ethereum's with one or two GPUs and now you need a major setup to match that because of the difficulty increase. Then again ETH was only worth a buck or two back then but the electrical cost was lower since only a few cards were required. A buddy told me 10 years ago to mine Bitcoin and I dismissed it thinking it was just a waste. Wish I had listened lol! You can't mine Bitcoin with a GPU anymore but during its infancy you could.</p></blockquote><p></p>
[QUOTE="quad, post: 16202625, member: 17952"] In December 2018 I was making 1 ETH per week because the difficulty dropped. A few weeks I managed about 0.96-0.98 per week. The difficulty has increased again and I am down to about 0.8 ETH per week. Sometimes one of the rigs go down and I'll lose 2 hours or so of mining unless it goes down while I sleep. So I might make only .75 ETH per week in those cases but then my electrical usage goes down also. With current prices the profit on paper is a little more than the cost of the electricity. But not enough to cover the cost of the hardware. I have of course not converted anything to USD. My ETH payouts goes directly to my Coinbase account. You can also mine directly to your Binance account if you prefer trading and don't want to pay the small fee to transfer from Coinbase or another wallet to Binance. I also mined ZCASH with the Nvidia cards earlier in 2018. It is obviously a gamble and if I had used all the money spent on hardware to buy various cryptos when they were rock bottom I would have had a lot more now. I guess I like building rigs and it was an excuse to try something new, I just went crazy with all the hardware lol! Fortunately I bought the GPU cards before the prices were jacked up. I got the 1070 ti cards brand new for $469 in late 2017 and the RX580s for $289 and $350 through various purchases. I can sell the cards down the road or use them for rendering since I dabble with that also as a hobby. Now of course if ETH ever goes back to it's high of $1350 I will realize a nice profit and also cover the cost of the hardware. What sucks is a few years ago you could mine quite a few Ethereum's with one or two GPUs and now you need a major setup to match that because of the difficulty increase. Then again ETH was only worth a buck or two back then but the electrical cost was lower since only a few cards were required. A buddy told me 10 years ago to mine Bitcoin and I dismissed it thinking it was just a waste. Wish I had listened lol! You can't mine Bitcoin with a GPU anymore but during its infancy you could. [/QUOTE]
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