Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

How much does it make a day?
Also why no more games?

I was mining Bitcoin in the red for about six months. I kept my rigs running all the way down to $300 a coin. Then I gave up and turned them off. Now that it's over $2700 and steady, I'm wishing I had kept them running for at least another year.

Mining in the red is typically a point in time consideration. Your computing power and electricity costs will be higher than the amount you earn for most cryptocurrencies. The value comes in when you HOLD that currency as an investment and it appreciates!

Mining in the red is a "gamble" or an "investment", depending on how you choose to look at it :)

  ·  7 years ago (edited)

.

Are you a nigerian?

Great article. How much does this machine cost?

  ·  7 years ago (edited)

.

WAOOOOOO. How can I buy? So how much did you spend in all?

Is it turning out profitable to mine the way you are? Are you having any luck? I know you say not to follow you because it is gambling, but if your winning then I wouldn't mind giving it a try either..

  ·  7 years ago (edited)

.

this is wonderful

Thanks for your post. What do you think about mining ether right now? After tirelessly searching for Radeon cards, I bought a 6x RX 470 mining set up for the purpose of mining ETH.. it should be running 130 MH/s or so. According to my numbers, it should pay itself off in < 3 months.

Did I mess up you think?! :D

Mining is profitable if you use it to diversify your portfolio or if you mine coins that have a strong plan for the future.

well, all investments are a gamble...lose some, gain some...I hope your setup fulfill your desired ROI

Look forward my friend! Most Million-dollar businesses operate each year in the red, then profitability HITS!

Your friends may surprise what you are doing but it makes money to you.

Thanks.

great post (Y)

followed & upvoted. hope u will do the same..@mohit
Have a good day :)

All the noise and heat generated means money to be made in the future . HODL

  ·  7 years ago (edited)

.

Wow good mining, how much your machine?

I mined my first Monero in the red when it was a $8, now it's over $50.

nice :))))))))))

thanks for this :)

Excellent post. Followed and upvoted!

thank you for mining! :)

Very interesting post! Upvoted. I'm following you :)

Thank you for sharing 😄

  ·  7 years ago Reveal Comment

Thank you.