Cryptocurrency Mining

[JerryMungo]

Get ready to mine bitcoin gold guys!

Will be another hardfork of BTC, but will be using equiphash which is ASIC immune.

https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/

No freebies?

 

[Gtx Gaming]

No freebies?

One month until #bgold exodus fork.

Hodl BTC on 10.25 get free BTG on 11.1

#bgold1025 #blockchainQE #bitcoin

From twitter.

 

[Dimpie (JIGSAW)]

^ link ?

Edit: nvm, found it

 

[PPLdude]

Anyone using the BITMAIN L3+ ?

Nice hash looks comfy

 

[Gtx Gaming]

Anyone using the BITMAIN L3+ ?

Nice hash looks comfy

Sabre wulf has 2 units.

 

[PPLdude]

Sabre wulf has 2 units.

must be nice

 

[srothman]

must be nice

...apart from the Nicehash profitability that has gone down around 50% , but yeah... hope to still see some pennies by the time mine arrive,

 

[PPLdude]

...apart from the Nicehash profitability that has gone down around 50% , but yeah... hope to still see some pennies by the time mine arrive,

The L3+ mines LTC right? I'm sure that price will rise

 

[srothman]

The L3+ mines LTC right? I'm sure that price will rise

From your lips to the Cryptogods' ears!

 

[akescpt]

...apart from the Nicehash profitability that has gone down around 50% , but yeah... hope to still see some pennies by the time mine arrive,

Why 50%?

 

[JerryMungo]

The L3+ mines LTC right? I'm sure that price will rise

It mines all scrypt. Nicehash handles profitability - it mines the most profitable coin and you are paid out in BTC.
I guess you can do manual if you like. I'm more interested in paying them off.
Profitability for 1x L3+ looks like anywhere from R5-R12k per month depending on the million variables.

 

[srothman]

Why 50%?

Sorry, yes, forgot you guys don't have context. I started plotting the numbers for the last month. My bad

 

[akescpt]

Sorry, yes, forgot you guys don't have context. I started plotting the numbers for the last month. My bad

The slide has been crazy.

 

[srothman]

The slide has been crazy.

It's painful to see. x11 down around the same, which hurts even more...

 

[CTBP]

By Christmas my L3+ will be a doorstop if LTC doesn't jump in price.

 

[JerryMungo]

By Christmas my L3+ will be a doorstop if LTC doesn't jump in price.

LTC has been one of the most stable currencies - neither up nor down - for ages.

 

[PPLdude]

Sabre wulf, did you buy your L3+ miner from bitmain?

How much did it cost + shipping if you don't mind me asking

 

[JerryMungo]

Sabre wulf, did you buy your L3+ miner from bitmain?

How much did it cost + shipping if you don't mind me asking

Yes, $1600 for the miner, $110 for the PSU, $500 for shipping (PSU shipped independently of the miner), add 14% VAT - no other duties.

 

[fourijm]

How much can one make by mining?

My plan is not to buy any cryptocurrency at all. I bought kit to do mining (a single GPU) and use that to generate cryptocurrency which I could convert into other currencies if I want to.

So, if it all tanks, I have lost essentially the electricity that I've put in over the last few months.

Interesting . I was involved with Unisa supercomputer (12 terraflops) few years ago. I was wondering what hardware do you need to do mining. Is there a formula like so many terraflops needed to mine 1 bitcoin? Time needed to mine etc. . And how much income you can generate.

 

[PPLdude]

Yes, $1600 for the miner, $110 for the PSU, $500 for shipping (PSU shipped independently of the miner), add 14% VAT - no other duties.

Ouch