Bitcoin and mining in 2020

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ayu
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Bitcoin and mining in 2020

Post by 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
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ph0bYx
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Re: Bitcoin and mining in 2020

Post by 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.

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ayu
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Re: Bitcoin and mining in 2020

Post by ayu »

ph0bYx wrote:
19 Nov 2020, 06:02
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.
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Re: Bitcoin and mining in 2020

Post by 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/

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ayu
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Re: Bitcoin and mining in 2020

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Zlata02747393 wrote:
03 Feb 2021, 09:35
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.
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Re: Bitcoin and mining in 2020

Post by martirosyan »

Thank you for sharing. I've been thinking about starting my own crypto farm in my garage. I don't know if it's worth it to enter the crypto world now. Because the general tendencies show that the world economy is not. In the best shape. However, I hope that I will be able to grab my piece of the pie and make some money with [link removed]. The electricity costs are not as high in my country as in others, and I hope this will be profitable. I've been reading crypto content for the last few weeks on onto crypto. And I have understood that nowadays, most crypto farms are in countries like China, so they have a monopoly in this area. But I hope that having even a small crypto farm will help me get some stable passive income. So what do you think? Is it relevant to start mining cryptocurrencies in 2022?

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Re: Bitcoin and mining in 2020

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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.
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