The Survival Podcast Forum
Site Suggestions, Support and Resources => Show Discussions, Fan Mail and Topic Suggestions => Topic started by: mikal on December 19, 2017, 11:13:20 AM
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Apologies in advance if I'm posting in the wrong place. Jack mentioned the possibility of TSP members creating a mining group in this episode...has there been any movement on this? I'd be interested in participating, but it'd be a steep learning curve for me.
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You should probably amend the subject to "mining cypto currencies", as the hardware, and ROI for different crypto currencies varies tremendously.
I've been investigating DSH a bit.
https://www.cryptocompare.com/mining
My biggest concern with all of this, is the break-even point is so volatile based on the valuation of the respective coin you intend to mine.
I don't mind investing $1000 into mining hardware if I knew it had a reasonable break even (~6 months) and that way even if it slows to a trickle, after that point everything is gravy (assuming grid power is of course covered at least). I'm not interesting in spending $5000K+ and waiting 2 years or more. IMHO crypto valuations are too volatile to plan to wait that long.
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I can't figure out how to amend a title, but I get your point.
Does it make any sense at all to take a little-used home pc and dedicate it to mining?
Also, completely unrelated, but I love your smurf avatar. It reminds me of something I did years ago for my daughter. I took a stuffed smurf head and mounted it on a plaque I picked up at a garage sale (after removing the original plate). I can sometimes have a twisted sense of humor. I think she still has that on her wall, even though she has several children of her own now. I guess she inherited my twisted sense of humor...
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I can't figure out how to amend a title, but I get your point.
Does it make any sense at all to take a little-used home pc and dedicate it to mining?
Also, completely unrelated, but I love your smurf avatar. It reminds me of something I did years ago for my daughter. I took a stuffed smurf head and mounted it on a plaque I picked up at a garage sale (after removing the original plate). I can sometimes have a twisted sense of humor. I think she still has that on her wall, even though she has several children of her own now. I guess she inherited my twisted sense of humor...
An old nickname from my rowdy college days was "Gargamel". So that's evolved from that :)
For mining, if you look at the online calculators, in most cases your local electrical rates will surpass any earnings.
There are several like this:
https://www.coinwarz.com/calculators/bitcoin-mining-calculator
If you can estimate the throughput of whatever mining solution you are considering, and then the consumed power - use the above link to get an idea of the ROI.
Frankly, if it was worth doing, it'd be more widespread.
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Hey All,
I have a friend who is mining a couple of cryptos. He showed me his gear and said it puts off a tremendous amount of heat. I'm not entirely certain how the process works. So does the mining "generate" coins for you at a given rate per day? Then at some point you can sell it or trade for a profit, right?
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Welcome, dihydrogenmonoxide!
We've got a really long discussion about Bitcoin and other cryptocurrency here:
Bitcoin currency (merged topics) (http://thesurvivalpodcast.com/forum/index.php?topic=27624.0)
I don't remember whether your question is answered somewhere in those 630 posts, but there's a good chance of it. 8)
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Do TSP and CryptoGulch still have a close relationship? Jack could do an update of how he and they are doing and how they’ve responded to the crash this year.