Bitcoin and mining in 2020

[ayu]

Been looking into cryptocurrencies again, cleaned up my wallets, made new backups yada yada. Also checked out the mining hardware now to see what's out there in case I want to get into it again at some point.

Antminer as usual seems to be on top with some pretty neat hardware. If not for the noise and extreme heat these puppies output I might have invested again. But alas my new apartment has no place where I would have been able to store such a machine .

https://shop.bitmain.com/product/detail ... ggFAx7066D

[ph0bYx]

Is it worth getting this (or any hardware) for bitcoin mining these days? It seems to be far too expensive and not worth it.

[ayu]

Is it worth getting this (or any hardware) for bitcoin mining these days? It seems to be far too expensive and not worth it.

Well, hard to say. The huge cost of electricity, the extreme heat it generates, and the fact that it sounds like twelve horny vacuum cleaners make it hard to motivate getting. But from my experience every time I bought a miner and stopped mining I ALWAYS regretted not continuing since whatever I mined or could have mined would have been worth a fortune today. My current location makes mining impossible so I will have to wait until I can afford a house where maybe I can have one in a garage or something.

But, simple answer from me is don't do it for the sole purpose of investing and expecting a fortune back. Only play with this if you are ready to lose whatever money you put into it. I intend to buy a machine again (I've had 5 machines before, all sold now though) whenever I get the chance again.

[Zlata02747393]

If you want to know is mining on a GTX 1050 Ti video card relevant in 2021 - I have a good article about it https://hashalot.io/blog/aktualen-li-ma ... x-1050-ti/

[ayu]

If you want to know is mining on a GTX 1050 Ti video card relevant in 2021 - I have a good article about it https://hashalot.io/blog/aktualen-li-ma ... x-1050-ti/

I'll let this one slide as well for now. My spam senses are tingeling wildly with your content. Please remember that we want english content on this forum. And please don't just come here to post links to what I assume is your blog.

[martirosyan]

Wow looks impressive. I am also thinking about joining the cryptocurrency trading sphere and therefore I am thinking about buying a mining farm for bitcoin. I am also interested in forex index trading, but it seems to me that the future is for cryptocurrency trading, I have heard that there has been a lot of change in cryptocurrency mining now. many of them can no longer be mined using video cards . is this about bitcoin? I'm just afraid of losing my money by buying something that won't be useful to me in the future. I heard that it's not so profitable to mine now, but it's easier to start trading. do you agree with this statement? I would really like to get the advice from an experienced trader and miner of cryptocurrencies.

[computathug]

Unless you are stealing electricity from the national grid, at the prices of energy at the moment the answer has to be no.

I also removed the link from your post. We do not allow links in posts until you are a trusted member.
P.S Welcome to Suck-o