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7 years ago by roadsuntraveled (65)
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Hi Grayson,
Thanks for the post.. In fact I work for the animated film industry too.. I have been using both GTX 1070 and GTX 1080Ti for mining over GPU and have had good results.. I've been mining Monero.
Upvoted & followed...
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Also do you think 'Ubiq' would be a good coin to mine?
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Thanks for reading. I really liked dual mining Ubiq and Decred and especially looking how Decred's value has shot up so dramatically recently I think it is a solid choice for sure. Personally though I have switched all of my machines over to Bitcoin Gold as I see it replacing Bitcoin Cash in the future so there is quite a bit of growth potential there. I am making about $10 USD from Bitcoin Gold a day which is a bit higher than what I was making with Ubiq.
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I too was introduced to mining a while back, but I trusted those who said it was too late to be profitable. Let's just say I have learnt to seek information myself now. When I initially started investing in cryptocurrency, I thought - not unlike you - that it was easier for a coin of low value to double, than one of high value, but as time has passed, I'm not too sure anymore. In summary I think a good investment is a coin which is undervalued, but not necessarily of low value. So yeah, basically what you said:)
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Yes by no means am I suggesting to randomly find a cheap coin. You should do some research and find a cheap coin that is undervalued. Take Decred for example. Within the last week it has gone from $30 a coin to $68, so the 2 months I spent mining that with Ubiq has just doubled in profit.
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@roadsuntraveled - Thank you for sharing your experience with the Ubiq crypto currency. At some point in time, I think that I would be willing to invest in technology that could help me enter the world of mining. This topic provides an opportunity to take a "commercial break" to appreciate the wealth of knowledge we can gather from content here on the Steemit platform.
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Set the miner in a spot in the living room and make sure nothing disastrous can happen to it from small children etc etc, and enjoy the space heater.
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Haha actually I have it set up below my desk by my feet so that I don't have to turn the furnace on during the winter to stay warm :-P
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This is true. The mindset should be this what you have said. In that point of view, mining is much profitable.
Your writing style is very interesting. I like your article. keep writing.
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Im talking a lot at the moment with a friend who bought a big fat miner, and he is also thinking what is best to mine. I think adding a small coin is not a bad thing in this one
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Great post, a lot better written than mine. The idea is to think long term not present term. A lot of people nowadays just want the result asap because they expect technology can truncate the time it takes to happen. Reality is everything valuable always takes time.
Check out my post and see what you think? I feel like getting a rig day by day. $7 to $12 a day! Well worth it in the long run. Sorry if you think this is spam. Thanks.
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I am invested in a company who is managing my mining hardware for me. They indicated it was a RX480 which i have read can run at 24 mh however per the company they are only running it at 12 mh for best ROI.
Does that sound accurate?
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Personally I am not familiar with those type of companies, but from your brief description it sounds like something is off. If you have the option I would suggest you mine cryptocurrency yourself as you get much more control over it and at the same time it is really quite fun.
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I am a complete idiot when it comes to mining. I do have a option to request for the servers and run it on my own. Is this "Doable" for your average everyday guy?
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Im mining ethereum with claymore, selling it for DMD.
Sorry for stealing viewers from your post, but if you allow, ill link my "Gamers and Miners, unite!" post here. If you dont allow it, just reply here and ill remove it. Thanks for the info and best regards!
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Minergate is confusing.
If i invest .2 BTC it gives me 20,000 GH/s of Mining Power
Per their calculator I can mine 232 Ether daily with that much mining power..................
Somethings not right
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