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RE: The best Cryptocurrencies to mine with GPU/CPU right now

in #bitcoin7 years ago

STUPID QUESTION ALERT!
Does this mean I could use an old computer to mine that stuff? Then trade what I mined for something else?

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yes you can but electricity may make it not worth ;)

Yes you can but your hash rate may very slow and your earnings not satisfy you. Also you can use minergate mobile app and desktop version same time for up your hashing power.

hmmmm.
tell me more about this minergate, why should I trust it? How do I know it's not like Genesis CloudMining?...what's in it for them?

You'll probably have to do some research on it my friend.

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Actually why i am trust it i don't know and i can't explain you to why should you trust it 😊Just i use it and i know it's not a scam.

@everittdmickey The best bet is to run either minergate or nicehash for a week and review your earnings. That's what I am doing right now. It's my 8th day mining using nicehash and it shows that I have earned $15 so far in bitcoins.

hey mate what gpu are you using and what are you mining?
What is the minimum investment to be made?
Thanks

It's my almost 1.5yr old pc with a GTX 1070. That's the only gpu I have right now.
I build that pc for around $900 USD for my college work and VR development on Unity3D.
But started mining just a week back using nicehash, I'm also thinking of adding another gpu (GTX 1080 TI maybe) soon.

If you are starting out for mining from scratch I would suggest to stay away from AMD gpus coz they cost same as nvidia ones but use more electric power to run. In comparison my 1070 uses 150W for the same or even better performance than RX480 that uses 250W.

Use the nicehash profitability calculator (https://www.nicehash.com/profitability-calculator) to estimate your daily earnings.

Have fun mining :)

This program Also allows you to buy hashing power to help with the mining expense as of electricity and equipment cost.