The one who cannot be named has made a decent video in a long time. I agree with him this time.
I Have system setup of Intel Celeron Processor, Gigabite Motherboard 5 th Generation and NVIDIA Geforce GTX 1050 Ti Graphics Card . What is Hashrate can I get in XMR and ZCash mining ???
Is there any problem can be happened to draw the mining reward through an legitimate exchange ???
It probably is easier than daytrading.
- Get some data on exchange rate on some currency
- find out how to mine it
- figure out how much power per hashrate the equipment uses
- if (exchangerate > energy cost + purchase price){commit}
And: Plan before doing, donĀ“t do and then bodge.
RE; FWD:
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Itās been awfully quiet in this thread the last couple of monthsā¦ So, anyone using this discount period to stock up on coins?
Have you profited trading Ripple? I havenāt 
Anyone traded/profited on Nano? I recently purchased a ācoupleā of coins.
Iād be interested in what you guys are trading/hodling at the moment and what you think of the general market situation 
Dont fuck with GPU pricing. Best of wishes with your cold wallets. Live ones get hacked.
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Havenāt done anything crypto-related in the last 6 or so months. After the winter I used my leftover satoshis to buy some small parts for one of my rigs, I now have like $50 left.
I did put my old mining cards back in my old HAF X case and connected them to my secondary rigās motherboard. That puts that rig at 3x1070 and a 1060 3GB. Iāll start mining with those again once the temperatures drop. Most cost-effective way to heat the PC room.
In the spring Iāll probably use the generated coins to buy some PC parts again. Those cards already paid for themselves, my screens, my main rigās 1080Ti, my case fans, my NVMe drive etc etc.
Itās always a good idea to put Cryptos in cold storage, as large funds on platforms like Binance create these bart-charts we are suffering from the last months.
That being said, right now Iām trying the Celsius Networks, which pays weekly interest for holding your Cryptos.
Winterās over. I made little over 200ā¬ in BTC (on Nicehash) this winter, the total cost of electricity was around 700ā¬. Fortunately I use electricity to heat my room anyway, which means Iād have spent that 700ā¬ using a space heater if it werenāt for my mining rig. So itās free electricity really.
Spent almost all of my BTC at Caseking last night. I now have exactly 1.00ā¬ in crypto left. A good time to get out.
As much as I still think that crypto would make perfect sense as a mainstream payment method, BTC wasnāt suitable thanks to its āproof of workā system. Oh, and large-scale miners and investors completely ruined the publicās perception of crypto, which doesnāt help either.
Keeping the āfreeā electricity in mind, as well as the fact that I had a spare PC to begin with, my only investment in mining consisted of 3 GPUs (two 1070s, a 1060 3G), a PSU to feed them and 3 riser cards to connect them to my old rigās motherboard. I spent 1500ā¬ on all that.
All the crypto was spent on PC parts, for a total of just over 3500ā¬.
Thatās 2000ā¬ in the black, plus whatever I can now sell the cards and risers for. I canāt complain about that.
I remember way back when Bitcoin was something like $150 or $200ā¦I looked into the ASICS thing pretty closely. Butterfly Labs among several options. What a filthy scam. Theyād take your money and then delay delivery while they used the unit youād bought to mine coin, then when almost all the profit was sucked out of it 6 months to a year later, THEN theyād send it to you.
And then there was that bitcoin exchange in Japan that just stole $30 million of peopleās bitcoins.
Like Bobby Fischer once said; āeverybody wants something for nothingā.
People still interested in Cryptos here or has it died down for you guys currently?
Edit: Since this is a Mega-Thread, necroing is allowed, isnāt it?
I wish it would have been worthwhile in the last years but at 0,35USD/kWh cryptocurrencies would have to become much more valuable before I can start mining.
Totally forgot that these things can be mined as well when I wrote this post 
I was talking about trading actually, but yeah I think mining for the average Joe has pretty much diedā¦
Began trading again Dec 2019. This year will make or break me financially (for another 4 years or so, at least)
PS: on the upside, it appears demand for old mining cards are coming back 
I remember the first Bitcoins I purchasedā¦back then I payed 200$ for one of them - good times - I didnāt keep any of them though.
I re-started trading back in 2017 and never stopped since. Itās a fun experience 
Donāt put more into it than you can afford to lose 
Anyway, which projects are you excited about?
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Over the years I have had friendly competitions with folks. Sometimes with a buddy, more recently with one of my brothers, on how well we do BTC/USD wise.
My buddy and my brother are super active day traders. They check in a few times an hour with alarms to wake them up at night if the market does something funky. They pour energy and time and stress into gaining the market any way they can.
I am sitting on 0.39. I have not made a single trade in years. Thus far, I am still ahead of both of them in terms of dollars spent and value gained. Team HODL FTW.
I would never ever day trade. As you have hinted at, the time and energy one has to put into it is not worth it unless you are truly an excellent trader. That being said, most excellent and renowned trader, like Chris Kacher, donāt day trade.
What rhey are doing, and what Iām trying to do, is to makro trade, which means shifting the portfolio according to the current state of the market. This means shifting between BTC, Alts ans USDC. Thus far, it seems to be working and I hope Iām out of the market again before it deflates by its usual 80-90%. 
Itās a small fortune I initially invested, an amount I plan to never exceed. That said, the account is doing pretty good so far
Monero and Ethereum are still my favorite holdings. Speculative trades in my account are Tezos, Cardano, Polkadot, and Bitcoin
The real insult to injury is how day-trades are weighted when it comes to filing taxes; long hodl gets preferential tax treatment
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I love Cardano, their whitepapers are awesome , itās one of the projects I hodl to a certain degree.
Yeah, you need to be careful with those taxes.