3 ms·

Make up your own mind but Minergate has a rep for stealing your hash and lower hash speeds than if you do its yourself https://www.reddit.com/r/BytecoinBCN/com

Make up your own mind but Minergate has a rep for stealing your hash and lower hash speeds than if you do its yourself https://www.reddit.com/r/BytecoinBCN/comments/6dh2ci/minergate_is_a_scam/ https://www.reddit.com/r/BytecoinBCN/comments/6dh2ci/minerga... https://bitcointalk.org/index.php?topic=1975859.0 https://bitcointalk.org/index.php?topic=1975859.0 https://steemit.com/blockchain/@carlagonz/6xhcnh-minergate-scam https://steemit.com/blockchain/@carlagonz/6xhcnh-minergate-s...

epmaybe 9y ago
If you "do it yourself" what would the net profit be including the cost of hardware and electricity?
- soggypretzels 9y ago
  That question is as impossible to answer as "if I started an apple orchard how profitable would that be".
  - epmaybe 9y ago
    Why? Assume that the value of these altcoins do not change, and see how many you can mine given a certain amount of time. The value of altcoins could very well go down, but for the sake of demonstration you could still calculate a very rough estimate, no?
    - OJFord 9y ago
      > Assume that the value of these altcoins do not change, and see how many you can mine given a certain amount of time. The value of altcoins could very well go down, but for the sake of demonstration you could still calculate a very rough estimate, no? And likewise if you assume values for the cost of apple seeds land, see how many apples you can grow given a certain amount of time - and the value of apples could very well go down - but for the sake of demonstration you can also calculate a very rough estimate of apple orchard profitability, no?
      - deleted 9y ago
        [deleted]
    - honestlyreally 9y ago
      whattomine.com Unless you have free/ very cheap power, is likely not worth your time.
      - e12e 9y ago
        I guess this is great for contemporary squatters: steal electricity from the grid, get paid for the electricity used to heat your squat, by mining and selling bitcoin...
    - mikeash 9y ago
      One problem is that the cost of electricity varies enormously. In some times and places it can cost many times the average. In others it can be literally free.
    - pavel_lishin 9y ago
      > Assume that the value of these altcoins do not change Assume a perfectly spherical cow, emitting milk equally in all directions...
temp987654 9y ago
Is there any better alternative that offers similar simplicity?
- jameskegel 9y ago
  NiceHash
deleted 9y ago
[deleted]

epmaybe 9y ago

If you "do it yourself" what would the net profit be including the cost of hardware and electricity?

soggypretzels 9y ago
That question is as impossible to answer as "if I started an apple orchard how profitable would that be".
- epmaybe 9y ago
  Why? Assume that the value of these altcoins do not change, and see how many you can mine given a certain amount of time. The value of altcoins could very well go down, but for the sake of demonstration you could still calculate a very rough estimate, no?
  - OJFord 9y ago
    > Assume that the value of these altcoins do not change, and see how many you can mine given a certain amount of time. The value of altcoins could very well go down, but for the sake of demonstration you could still calculate a very rough estimate, no? And likewise if you assume values for the cost of apple seeds land, see how many apples you can grow given a certain amount of time - and the value of apples could very well go down - but for the sake of demonstration you can also calculate a very rough estimate of apple orchard profitability, no?
    - deleted 9y ago
      [deleted]
  - honestlyreally 9y ago
    whattomine.com Unless you have free/ very cheap power, is likely not worth your time.
    - e12e 9y ago
      I guess this is great for contemporary squatters: steal electricity from the grid, get paid for the electricity used to heat your squat, by mining and selling bitcoin...
  - mikeash 9y ago
    One problem is that the cost of electricity varies enormously. In some times and places it can cost many times the average. In others it can be literally free.
  - pavel_lishin 9y ago
    > Assume that the value of these altcoins do not change Assume a perfectly spherical cow, emitting milk equally in all directions...

temp987654 9y ago

Is there any better alternative that offers similar simplicity?

jameskegel 9y ago
NiceHash

deleted 9y ago

[deleted]