Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: philipma1957 on February 24, 2024, 07:51:13 PM
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I mine grin. My reason is simple I got a few low power low priced units around 20 months ago So I simple mine them and hodl the grin.
Power cost is under 1 dollar a day to mine them.
I have more than 12,000 grin which was over 1,000 bucks but has dropped to around 700 usd.
The dropped occurred when monero got dropped by binance.
I have some fear about mining on a big scale because if I had 1,000,000 grind and it went to a dollar I think it could be very hard to cash it out.
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I personnaly voted for Monero, as I already own some good CPUs perfect for RandomX hashing.
Monero is the only coin I would still mine even at a loss, because I want to support the network.
I have some fear about mining on a big scale because if I had 1,000,000 grind and it went to a dollar I think it could be very hard to cash it out.
Why? You could just swap them for any stablecoin and thus cash it out slowly, nope?
I know that you are an American citizen, so I can imagine IRS is not as cool as where I live, so sorry if my suggestion sounds maybe naive to you lol.
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None, mainly due to high electricity rate on place where i live which make ROI impossible. Although if i were to buy new PC or laptop (with efficient CPU), i might configure Monero GUI wallet[1] to start on boot (which have built-in mining on P2Pool) using few cores.
[1] https://www.getmonero.org/downloads/#gui (https://www.getmonero.org/downloads/#gui)
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None, mainly due to high electricity rate on place where i live which make ROI impossible. Although if i were to buy new PC or laptop (with efficient CPU), i might configure Monero GUI wallet[1] to start on boot (which have built-in mining on P2Pool) using few cores.
[1] https://www.getmonero.org/downloads/#gui (https://www.getmonero.org/downloads/#gui)
This is the right way!
I take this opportunity to advise those who want to buy a CPU to mine XMR, to regularly look at the "engineering sample CPU" on Chinese marketplaces, there are sometimes excellent deals available!
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I take this opportunity to advise those who want to buy a CPU to mine XMR, to regularly look at the "engineering sample CPU" on Chinese marketplaces, there are sometimes excellent deals available!
Aside from legal concern, i doubt it's good idea when we don't know quality or stability of such CPU. Do you have any experience using such CPU?
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Aside from legal concern, i doubt it's good idea when we don't know quality or stability of such CPU. Do you have any experience using such CPU?
Not at industrial scale of course, but I still use a dozen of them which were ordered through my company, and to be honest I never had a single issue with them for now. Of course I keep all my CPUs well cooled, I guess it helps to keep them stable.
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I mine grin. My reason is simple I got a few low power low priced units around 20 months ago So I simple mine them and hodl the grin.
Power cost is under 1 dollar a day to mine them.
I have more than 12,000 grin which was over 1,000 bucks but has dropped to around 700 usd.
The dropped occurred when monero got dropped by binance.
I have some fear about mining on a big scale because if I had 1,000,000 grind and it went to a dollar I think it could be very hard to cash it out.
Monero is the coin I will continue to mine, I have some stored and I will continue to mine more I believe it has a great potential
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Are there good privacy coin options? Other than Monero and Grin, what are the alternatives to privacy coins? dash and zcash are not currencies that are worth mining, and instead of wasting your time mining, it would be more appropriate to buy them. As for the rest of the cryptocurrencies that claim to provide privacy, they provide questionable privacy.
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Are there good privacy coin options? Other than Monero and Grin, what are the alternatives to privacy coins? dash and zcash are not currencies that are worth mining, and instead of wasting your time mining, it would be more appropriate to buy them. As for the rest of the cryptocurrencies that claim to provide privacy, they provide questionable privacy.
I agree, it's going to be difficult for a project to get a foothold in the privacy coins market when XMR is already perfectly suited to the demand in this field. Every privacy coin project I've seen has either failed the audits, been a scam or simply died since... I've heard a lot of good things about SCRT recently but I haven't taken the time to look into it yet, in any case it's PoS so irrelevant to this topic.
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Monero or grin are okay to mmine I am up to 15000 grin last I look they are worth 1200. I AM JUST A bit ahead on them.