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    Should i stop mining

    Mining
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    • S
      StrangeAtoms last edited by

      If mining gets too pricey for you I would sell all my mining equipment and stored coins and either invest in ASIC’s or buy and resell coins.

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      • ?
        A Former User last edited by

        [quote name=“j0k3rhd” post=“55187” timestamp=“1390734010”]
        At this moment in time i believe i can mine about 10FTC within 24Hours, but my electric is a little pricy, So i only really mine when i need to keep pc on.

        So my question is, who is still mining on a single GPU,
        [/quote]

        Me. For one.

        But I’m mining for fun. I also buy where I can.

        Think about mining like your buying ftc with your electricity when you pay the power bill. Right now, you might mine $5 for every $3 worth of power… But in 2 years, the coins you mine today and pay off every x weeks your power bill is charged, will be worth, well, let’s just say a lot more then what they are worth right now.

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        • M
          mmyhre Regular Member last edited by

          There are some sides to this but in the end it depends why you are doing what you are doing. By mining you get a reward and support the network with your hash power small or big.

          With my setup a get about 60-65 coins a day mining FTC. While that is good, i get enough BTC to buy 140-160 FTC by mining with middlecoin.

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          • J
            j0k3rhd last edited by

            Yea at the moment i can see the electric is not more then the coin so i think i will slow down the mining, maybe leave pc for night times only instead of all day. :)

            Thanks for all your inputs tho…

            Youtube Channel
            Http://youtube.com/geek88

            FTC Geek Spend - 6mgiiXDeqnwKjPZM8a2TG6X9YQKHfWJiAi

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            • kris_davison
              kris_davison last edited by

              Or you could leave the PC on mining 24/7 until the electricity costs rise above cost of coins produced.

              Make hay while the sun is shining… etc etc

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              • S
                svennand Regular Member last edited by

                [quote name=“kris_davison” post=“55337” timestamp=“1390773435”]
                Or you could leave the PC on mining 24/7 until the electricity costs rise above cost of coins produced.

                Make hay while the sun is shining… etc etc
                [/quote]

                +1

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                • J
                  j0k3rhd last edited by

                  Ye i think i may leave pc on mining a lot more :) wanna try and get a little wallet full of coins before i cant mine any more :)…

                  Currently looking into a eletric reader, so i can see the amount of power it is taking from the wall to get a better reading :)

                  Youtube Channel
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                  • kris_davison
                    kris_davison last edited by

                    yeah I have one of those there pretty good and cheap I think mine was about £10 from maplins.
                    Just plug your extension cable into it and plug it into the wall socket. :)

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                    • J
                      j0k3rhd last edited by

                      Yea im going to have a look over the wkend, :) May pop into maplins, … trouble is i only need to lend 1 … I need it for like 1Hour of mining and then i got my figure … So i can slap it in calculator

                      Youtube Channel
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                      • kris_davison
                        kris_davison last edited by

                        Lol take it back unwanted gift lol

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                        • J
                          j0k3rhd last edited by

                          Thats a very gd idea, I need to think of something else because i bet they tell me i need to have voucher not cash haha…

                          Youtube Channel
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                          • kris_davison
                            kris_davison last edited by

                            Where about in the UK are you?

                            I’d be happy to lend you mine if you are in Newcastle and promise not to steal it. :-)

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                            • T
                              Tuck Fheman last edited by

                              [quote name=“j0k3rhd” post=“55187” timestamp=“1390734010”]
                              So my question is, who is still mining on a single GPU,
                              [/quote]

                              heh, I’m still mining on a single 7850. Due to my low hashrate, my strategy has always been to get in early (0-1 day) and hold all mined coins.

                              When I have no new coins to mine, I come back to FTC for my 4-7 per day. At FTC’s [i]perceived future rate[/i], that’s a nice profit for a 7850 per day. ;)

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                              • J
                                j0k3rhd last edited by

                                That is a really nice offer, I live in Birmingham mate… not really a simple meet up… :( …

                                Thank you so much for the offer tho…

                                Youtube Channel
                                Http://youtube.com/geek88

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                                • kris_davison
                                  kris_davison last edited by

                                  Lol yeah the drive down would cost more than the meter itself lol.

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                                  • S
                                    scruffters last edited by

                                    To be honest I’ve found it handy to have one around for ‘tweaking’ my rigs :)

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                                    • U
                                      uncle_muddy administrators last edited by

                                      [quote name=“j0k3rhd” post=“55810” timestamp=“1390979836”]
                                      That is a really nice offer, I live in Birmingham mate… not really a simple meet up… :( …

                                      Thank you so much for the offer tho…
                                      [/quote]

                                      Is your rig portable? I’m not far from Birmingham and more than happy for you to pop over for a coffee and a chat whilst you take some numbers from your rig.

                                      UM

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                                      • J
                                        j0k3rhd last edited by

                                        Yea my Rig, is a normal PC I use for Gaming, Storage Etc… So the size of my rig is Antec 900 Advanced gaming Case ha… Not a bare bone case i have seen floating around.

                                        Where abouts you from?

                                        PM Location,

                                        Im going ask around the weekend so im not at work, but if your not to far it may be an offer i cant turn down :) …

                                        Youtube Channel
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                                        • kris_davison
                                          kris_davison last edited by

                                          Cant keep a good community down.

                                          +1 rep to all for the attitude.

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                                          • U
                                            uncle_muddy administrators last edited by

                                            PM sent

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