Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 Put to gather a proposal for me to consider. I have no clue how this works. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 So my amazon firepad won't work? Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Coupla Eth rigs. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 So my amazon firepad won't work? Sorry pal. No worky. I have 2 fires. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Waiting on more cards. That's the hardest part. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 Spankie what is your conservative estimate of #bitcoin you will be able to mine per week Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Put to gather a proposal for me to consider. I have no clue how this works. I'm partnered with someone currently, he is buying all the parts and I will assemble and get the rig up and running and mining ethereum. Investor/partner will receive 100% of the returns until the entire initial outlay has been reimbursed to him, then once the rig is paid for we split the profits 60/40 in my favour because we will be using my electricity and I will be doing all of the work. This is what I am offering. PS: Estimates are that Ethereum mining will end approximately Nov 2017, then we will switch to mining another crypto currency. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 Is the electric that big of deal? Once it's up and running, do you have to monitor and tweak or fix tech issues? Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 Here is a dumb question. Would 2 rigs yield double the currency mined? Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Is the electric that big of deal? Once it's up and running, do you have to monitor and tweak or fix tech issues?If you pay for electricity then you are going to be using more to run the mining rigs. So yes. My electricity is included in the rent here so I can use extra at no charge. Once its up and running it should take care of itself and monitoring and tweaking shouldn't be all that much. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Spankie what is your conservative estimate of #bitcoin you will be able to mine per week I currently am mining approx $375/week. Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Here is a dumb question. Would 2 rigs yield double the currency mined? Theoretically yes. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 yes, more rigs. more money. Electricity is about 8-10% of it. Say I mine $1600 this month, i'll pay around $150 in electricity. Depending on your kwh rates. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Love to fill boat's barn up with miners. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 I currently am mining approx $375/week.Impressive So if you invested 10k got 5 more rigs, to could do 1700 more each week ? Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Love to fill boat's barn up with miners. Would heat the county in wintertime Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 yes, more rigs. more money. Electricity is about 8-10% of it. Say I mine $1600 this month, i'll pay around $150 in electricity. Depending on your kwh rates.150 for a pc to be on?? We have of lowest cost electric in country here Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Yeah, basically, the more rigs the more money, there's plenty of coins to mine. My main software can auto-switch every 30min between the most profitable coins. Earlier today Music Coin was the most profitable, a few hours later, Expanse was the most profitable, etc and it can just switch between them and mine. Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Impressive So if you invested 10k got 5 more rigs, to could do 1700 more each week ? At current rates yes, but nothing is guaranteed price wise, you could make alot more if ethereum price rises or less if it drops. A large group of mining rigs is referred to as a mining farm. You're already a farmer. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 150 for a pc to be on?? We have of lowest cost electric in country here $150 for 3 rigs that I am running. It's like running 10 pc's , but yea. I only pay .06kwh after 700kwh which I hit every month anyway so its nice and cheap. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 At current rates yes, but nothing is guaranteed price wise, you could make alot more if ethereum price rises or less if it drops. Don't even focus on JUST mining ethereum, theres so much you can mine. Right now is very profitable. Every day it seems Expanse and Music Coin dip above Ethereum in profitability for part of the day. It's interesting. Heck even Eth Classic is good now. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 Boater you can expect around $200/week profit currently on each $1900 7 GPU rig. Using cards that nobody else is using. I'm going low key here. Some guys are coughing up the cash paying $3500 for a rig with overpriced video cards to do the same profit, i'll pass on that. Quote Link to comment Share on other sites More sharing options...
plommer Posted June 9, 2017 Author Report Share Posted June 9, 2017 Don't even focus on JUST mining ethereum, theres so much you can mine. Right now is very profitable. Every day it seems Expanse and Music Coin dip above Ethereum in profitability for part of the day. It's interesting. Heck even Eth Classic is good now. I'm just focused on ethereum for explaining things to Boat mote oat. He would need help configuring the machine for other cryptos. Quote Link to comment Share on other sites More sharing options...
spankie Posted June 9, 2017 Report Share Posted June 9, 2017 No problemo. Yes he would. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted June 9, 2017 Report Share Posted June 9, 2017 50 kwh .16 Over 50 kwh .06 Our rates Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.