I'm onboard this one too. Gonna keep buying at these prices instead of my monthly stock purchase. Risky of course, but I think this has huge potential on a multi year timeframe.
Dogecoin rolling along.
- Thread starter peilthetraveler
- Start date
I got my new mining rigs running nowgetting 60-70k doge per day, not much but whatever will just let it run until everything falls over, same as I did when bitcoin was at $12.
Not much? Thats a house payment every month at these prices! Actually a house payment, car payment and utilities!
I got my new mining rigs running now
Overhead of mining at that rate (utes)?
correction 40-50k coins is average(68 profitability), was on a lucky streak since dogecoin block rewards are completely random from 0-500k not fixed like btc, didnt realize was running at 90+ profitability on coinotron. Of course it didnt last.
i dont actually pay for electricity, the rigs are at a buddy's warehouse he could careless. But for cost calculation:
$3100= 3x quad r9 270x crates = 6mh @3000W
$1900= 10x 300k gridseed usb asic = 3mh @ 80W
------
$5000 hardware
Daily
$70= 40-50k coins @9mh @0.0000022 doge/btc /$620
$8= $0.1 @ 3100W
$2= 2.5% pool fees
---------
+$60 daily
ROI: 83 days (longer, factoring difficulty increase)
But the video cards i can sell later for at least 0.5 on 1, sold all the old radeon 6870s at 0.6 on 1
Obviously not looking to make bank, instead of buying doge direct to buildup stockpile, i decided to mine instead. This alt does seem to gain popularity with a fanatic following and has future price potential.
here's one of the crates, aint it a thing of beauty
i dont actually pay for electricity, the rigs are at a buddy's warehouse he could careless. But for cost calculation:
$3100= 3x quad r9 270x crates = 6mh @3000W
$1900= 10x 300k gridseed usb asic = 3mh @ 80W
------
$5000 hardware
Daily
$70= 40-50k coins @9mh @0.0000022 doge/btc /$620
$8= $0.1 @ 3100W
$2= 2.5% pool fees
---------
+$60 daily
ROI: 83 days (longer, factoring difficulty increase)
But the video cards i can sell later for at least 0.5 on 1, sold all the old radeon 6870s at 0.6 on 1
Obviously not looking to make bank, instead of buying doge direct to buildup stockpile, i decided to mine instead. This alt does seem to gain popularity with a fanatic following and has future price potential.
here's one of the crates, aint it a thing of beauty
Nice setup. I was looking at getting into mining but with how expensive and sold out gpus are it seems like way too many people are getting ready to go online in the near future. Plus I don't see this alt free for all lasting for too long.
If you don't have a technical background better off just buying the coins, it takes some work to run stable 4 cards on 1 mobo
Not much? Thats a house payment every month at these prices! Actually a house payment, car payment and utilities!
C'mon Peil. House, car and utilities? Maybe if it's 1940. Stop overhyping electronic currencies. You seem like a good guy, but it's getting to the point that you're acting like a paid shill.
P.S. - Nice job Newguy. Best of luck with your mining and holdings.
I get the feeling you have no idea there are exchanges with millions of dollars of volume that make your cryptocurrencies very easy to exchange for bitcoins (which are easy to exchange for dollars)
Where did you get those for that price? I've only seen one guy sell them for $300 each and not even ship his first batch out yet.