Am I doing this right?

Encounter a problem related to the pool or have a request for a feature? Post your issue here and we will help you out.
tcrackerx
Posts: 11
Joined: Sun Oct 09, 2016 2:11 pm

Re: Am I doing this right?

Post by tcrackerx » Wed Oct 12, 2016 6:29 pm

Everywhere I read it seems like Scrypt Mining isn't worth it anymore is that true? Probably mining it seems really
excelerator
Posts: 140
Joined: Mon Dec 28, 2015 1:58 pm

Re: Am I doing this right?

Post by excelerator » Wed Oct 12, 2016 6:43 pm

I know that when I mine here, I get a positive return daily based on the what is returned to me in BTC minus the cost of power, ignoring my investment in hardware. Everyone has a different view on hardware investments and ROI. Some people look at the capital investment and want a 100% return on their investment before they believe purchasing new hardware is "worth it". Others look at the residual value, often estimated by the purchase price of used miners on ebay, and calculate that into the "worth it" equation. Others just mine and hold coin so get no immediate return but rather hold for the long term.

If you can clarify your personal definition of "worth it", that would help.
User avatar
CritterDog
Posts: 268
Joined: Tue Feb 23, 2016 11:21 am

Re: Am I doing this right?

Post by CritterDog » Wed Oct 12, 2016 10:08 pm

tcrackerx wrote:Everywhere I read it seems like Scrypt Mining isn't worth it anymore is that true?
Thats whats nice about this pool.. You can use your script asic to mine just about any coin even if its not script.
Like use your asic script to mine Ether or Bitcoin.. This is the only pool I know of that its worth mining if you have a asic script miner.
GPU miners are just not powerful enough. On those yes its not worth mining script
tcrackerx
Posts: 11
Joined: Sun Oct 09, 2016 2:11 pm

Re: Am I doing this right?

Post by tcrackerx » Wed Oct 12, 2016 11:10 pm

I'm just having regrets because a friend in 2011 was getting into mining bitch in. He got out and I can only imagine he made a killing. My thought is try to get alt coins while there cheap because who knows maybe pot coin or something will be worth something 5-10 yes from now. I just met a successful day trader in the military that got my interest to stop wasting time and start finding ways to invest. I've been okay with day trading with some training but I'm trying to expand I guess.
tcrackerx
Posts: 11
Joined: Sun Oct 09, 2016 2:11 pm

Re: Am I doing this right?

Post by tcrackerx » Wed Oct 12, 2016 11:23 pm

I'm just having regrets because a friend in 2011 was getting into mining bitch in. He got out and I can only imagine he made a killing. My thought is try to get alt coins while there cheap because who knows maybe pot coin or something will be worth something 5-10 yes from now. I just met a successful day trader in the military that got my interest to stop wasting time and start finding ways to invest. I've been okay with day trading with some training but I'm trying to expand I guess. Yeah I can buy some coins but that doesn't seem as satisfiying for some reason. I paid 700 for a 1080gtx just to play a game called star citizen. I feel l could spent my money on something more productive
Some1notu
Posts: 62
Joined: Tue Oct 06, 2015 7:48 am

Re: Am I doing this right?

Post by Some1notu » Fri Oct 21, 2016 10:53 pm

Scrypt mining "can" be slightly profitable at times, but you have to monitor it vigorously and shutdown when it is losing money.

For your gpu mining I would suggest this pool https://miningpoolhub.com/ and set up the multi-algo switching.
User avatar
CritterDog
Posts: 268
Joined: Tue Feb 23, 2016 11:21 am

Re: Am I doing this right?

Post by CritterDog » Sat Oct 22, 2016 2:15 am

tcrackerx wrote:I'm just having regrets because a friend in 2011 was getting into mining bitch in. He got out and I can only imagine he made a killing. My thought is try to get alt coins while there cheap because who knows maybe pot coin or something will be worth something 5-10 yes from now. I just met a successful day trader in the military that got my interest to stop wasting time and start finding ways to invest. I've been okay with day trading with some training but I'm trying to expand I guess. Yeah I can buy some coins but that doesn't seem as satisfiying for some reason. I paid 700 for a 1080gtx just to play a game called star citizen. I feel l could spent my money on something more productive
I am will be selling a A2 Script machine for 700.00 plus about 50.00 for shipping only USA if your interested.
It is a good miner I put a good power supply in it and it mines on this pool at about 103Mhs pretty steady..

Selling because I bought a A4 and as soon as I get it up and running I will have to sell the A2 I don't have the space for both in my garage. I will trip circuit breakers trying to run both so my A2 has to go.
gaanthony
Posts: 78
Joined: Mon Feb 01, 2016 7:42 pm

Re: Am I doing this right?

Post by gaanthony » Mon Oct 24, 2016 10:14 pm

CritterDog wrote:
tcrackerx wrote:I'm just having regrets because a friend in 2011 was getting into mining bitch in. He got out and I can only imagine he made a killing. My thought is try to get alt coins while there cheap because who knows maybe pot coin or something will be worth something 5-10 yes from now. I just met a successful day trader in the military that got my interest to stop wasting time and start finding ways to invest. I've been okay with day trading with some training but I'm trying to expand I guess. Yeah I can buy some coins but that doesn't seem as satisfiying for some reason. I paid 700 for a 1080gtx just to play a game called star citizen. I feel l could spent my money on something more productive
I am will be selling a A2 Script machine for 700.00 plus about 50.00 for shipping only USA if your interested.
It is a good miner I put a good power supply in it and it mines on this pool at about 103Mhs pretty steady..

Selling because I bought a A4 and as soon as I get it up and running I will have to sell the A2 I don't have the space for both in my garage. I will trip circuit breakers trying to run both so my A2 has to go.
Wire in a 240 Volt outlet and change the plug on your power supplies. That will lower the amp that the miners draw.
tcrackerx
Posts: 11
Joined: Sun Oct 09, 2016 2:11 pm

Re: Am I doing this right?

Post by tcrackerx » Mon Oct 24, 2016 10:54 pm

Where did you buy the A4. I can't find it anywhere
Post Reply