Official Mining Thread

[Leprechaun]

That must be it but payouts are inconsistent..9hrs reward is same as 1hr after.

[KAC]

Well this was exciting… FOR A DAY!

[Leprechaun]

2.5 days for me

[KAC]

So about 8.5 slaps in 2 days and some change. Still wondering if it is worth continue boning this crap.

[Leprechaun]

Network difficulty went up over 10 fold In a few days..so I'm done

[KAC]

Network difficulty went up over 10 fold In a few days..so I'm done

Gays be mining.

[KAC]

So everything went to shite. GPU mining doing 15 bucks a day (down from 25-27) and CPU mining did a dollar yesterday. Wtf?

[Riptide]

Well the market is in a selloff right now. Might have something to do with it.

[Leprechaun]

Record high leverage in the market. They all need to get bankrupt before we can move on.

[KAC]

Motherbitch. I bought at the highest point.

[A2597]

Once I hit my next payment threshold I'm pausing my mining. No reason for this little payout now.

[Leprechaun]

Motherbitch. I bought at the highest point.

Not to worry. It's playing out as past bullruns.. sometime between now and next Friday when options expire we will keep going down to liquidate the greedy overleveraged peeps....after that a straight rocket to the moon.
If history repeats that is

[SirBaron]

If, same people were saying bitcoin 100k by December yadada.

Mining is down by 50% since few months ago, but I'm going to keep going until it drops by about another 25% at that point no point.

[KAC]

Well I am down 2.5K USD on the coin purchases. Let’s see. Will still HODL since this was my play money.

As for rigs, they be keep mining.

[pax]

Not to worry. It's playing out as past bullruns.. sometime between now and next Friday when options expire we will keep going down to liquidate the greedy overleveraged peeps....after that a straight rocket to the moon.
If history repeats that is

Ya but what to the moon... shib would be nice to have another boost but other coins boomed in the past then crashed and yet to recover. I expect eth and bc to go back up sure but thats more steady climb.

[Leprechaun]

In time everything will go up. I'm sure December will be a positive month. 2022 should be good. 2020 looks like it was waaay better than 2021.
Sadly the ones I'm way up on are the large caps. Luna sol. 10x+ yet the microcaps haven't given me much.

Also, keep mining that eth. It will be worth 3x, 4x+ next year. Will be worth it.

[A2597]

If past trends hold, then yes, we'll go a little up this week, then down next, then BTC/ETH will moon.
Followed by Alts mooning.

Then total market crash of BTC down to 10-20K, taking everything with it.

[Riptide]

Mining eth for the last month and a half and done OK but the difficulty is becoming a real b1tch.

Sure wish I had been mining eth starting in January. All the huge blocks that were found and before the last EIP hit which screwed miners.

[Leprechaun]

May was the best month. I was pulling in 0.03BTC worth a week. Not so much now. Still good

[KAC]

It’s definitely still profitable for me to mine both on CPU and GPU so I am pumping the Gs until it tanks again. What about flux? Any gay mining that?

[Leprechaun]

It’s definitely still profitable for me to mine both on CPU and GPU so I am pumping the Gs until it tanks again. What about flux? Any gay mining that?

Whattomine.com is what I check. I've mined eth 98% of the time. There was a short time where ergo was more profitable. For a good 6 months more I'm certain ethereum will still be #1.

[KAC]

I only know how to mine using Nicehash so I just set the algos and let it run wild.

[Riptide]

Why don't you finally let your balls drop and become a real miner like the rest of us crusty curmudgeons down on the creek with our pans and dredges?

Get an eth wallet. Get a real mining client. And mine on a real pool like 2miners, ethermine, crazypool, etc..

If you still have a love affair with getting paid in BTC:

https://2miners.com/faq

Nicehash is poop and for nubs.

[KAC]

I tried pool mining. Most of the time I had to wonder when tf I will get paid. Plus it wasn’t any more profitable than Nicehash in the long run. It also had the tendency to stop itself when I wasn’t looking.

I am happy to try again just like I tried rectoreum. But I do need some instructions as I have forgotten how to do it.

I will check out the link above.

[Riptide]

Most pools allow you to set your payout threshold and gas/gwei setting for eth mining.

Even after paying fees from what I understand it is still usually more profitable than nicehack.

Ethermine is the most popular but I tend to get the most stales from it. I am currently on crazypool which is small pool mining vs. ethermine which is gigantic. Ethermine will be more consistent but the stales are worse.

For nvidia you might want to look at lolminer or trex.

[Leprechaun]

Riptide is right. I just found I always change what I mine into shedcoins which give me more ROI. Direct eth mining I did when I started then the fees were crazy and then I always changed the eth out to other coins so more fees. Direct mining/payment in eth is best if you choose to keep the eth you mine. In my small experience anyways.

I'm also done with raptoreum.. just running on 1 machine thats doing chia as well.

[SirBaron]

I also use Nicehash, I can't be arsed looking at stuff. I just click Mine, ???, Profit.

[KAC]

I don’t think it is required if your interest is in BTC. If you really want Ether or you want to lower the fees Nicehash takes then you need to discover the pool that works for you. My last experience really turned me off from it.

[KAC]

Cancelled Raptoreum mining. Was making like 10 in a day. Screw that.

[Leprechaun]

I just left my chia rig to mine raptoreum. Otherwise no longer profitable. Everyone is doing it

[Riptide]

Kinda like eth now. Everybody's doing it. lol

Lucky for everybody, the price is so sky high now that it's still worth doing. For the moment..

[KAC]

3K loss on crypto.

[Leprechaun]

This was predicted for today..Now some new Corona variant, tanking markets.. Nicely timed...
Now everyone is over leveraged for shorts. That's good though as they'll have to buy back at higher prices. Anyways next week I predict we're going up. I'm buying on the cheap.
My gaming coins up ALOT, my microcaps getting slaughtered.

[Riptide]

I'm still mining ethereum at this point and have room for one more GPU. I don't pay over msrp at this point. If I can't get it for msrp then I don't buy it.

Way too much up in the air as far as future valuation and proof of stake impact on gpu mining to be taking risks like 2x msrp on these cards.

[Leprechaun]

Oh ya eth mining should get better for whatever months are left. It should 2x for sure before PoS

[Leprechaun]

The usual week end Sunday night pump is in. Let's see next week how markets react to new Rona strain

[Leprechaun]

Let's see what news the feds bring out today to crash markets.

[KAC]

Not even making 20 a day now. Wtf

[Leprechaun]

Not even making 20 a day now. Wtf

I dipped below $100

My helium miner only mined ~3 HNT the first month

[SirBaron]

So funny how none of what was said in past couple months turned out to be true.

This is why you don't listen to people who say "200k bitcoin, only up from now etc etc" usual crap I see on reddit crypto etc

BTC has been in the red for a month now, its a crash at his point not a dip.

Will it go back up again in the future? Likely however, who knows.

Invest what you're willing to lose, don't cry if it goes down the drain.