I am thinking of buying a contract for Dash mining at GM but I am unable to find any trustworthy information about when I will be able (if anytime) to recover my money back. I have searched a lot but only found contradictory info some says you will NEVER recover your initial money back because they will raise the difficulty level quite frequently and you would need to pump more money to get hash rate to compete with difficulty and in this process you will never catch your tail.
But couple of guys post videos at yt to show they are making good and after only few months initial money will be back.
And I think myself that if its so bad then what’s the point of this company and why its still here if nobody gets their money back.
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Internet of Coins
I am thinking of buying a contract for Dash mining at GM but I am unable to find any trustworthy information about when I will be able (if anytime) to recover my money back. I have searched a lot but only found contradictory info some says you will NEVER recover your initial money back because they will raise the difficulty level quite frequently and you would need to pump more money to get hash rate to compete with difficulty and in this process you will never catch your tail.
But couple of guys post videos at yt to show they are making good and after only few months initial money will be back.
And I think myself that if its so bad then what’s the point of this company and why its still here if nobody gets their money back.
Better buy your gear and mine yourself,if you don’t have time to do it yourself so better invest in trading , crypto trading is easy and profitable , cloud mining is waste of money and time and yes you will be lucky if you break even.
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I have some contracts with GM and honestly they don’t make very much.
I have 150mh/s x11 with them and for the money I would have been far better off just buying Dash with it.
They do pay out roughly what you would expect for that hashrate and since dash has gone way up it has gotten better but really I think with the prices they charge it’s better to either (like I said) just buy the coin you would eventually mine, or spend the money on GPU mining rigs – mine ETH or ZEC (especially if you have cheap electricity and then trade the GPU mined coins for Dash. That’s what I have been doing.
The main problem is that since Dash is so high priced – SO MANY people are mining it with ASICs that the difficuly is getting huge so the return is getting lower and lower.
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Peace not piece.
I am thinking of buying a contract for Dash mining at GM but I am unable to find any trustworthy information about when I will be able (if anytime) to recover my money back. I have searched a lot but only found contradictory info some says you will NEVER recover your initial money back because they will raise the difficulty level quite frequently and you would need to pump more money to get hash rate to compete with difficulty and in this process you will never catch your tail.
But couple of guys post videos at yt to show they are making good and after only few months initial money will be back.
And I think myself that if its so bad then what’s the point of this company and why its still here if nobody gets their money back.
Better buy your gear and mine yourself,if you don’t have time to do it yourself so better invest in trading , crypto trading is easy and profitable , cloud mining is waste of money and time and yes you will be lucky if you break even.
But If I buy and run from home then I would have to calculate electricity costs and some expenditure on other related stuff too.
But would it be worth of this hassle? (bcoz in cloud mining you pay and sit watching)
Do you have any numbers if we can talk about its setup and running cost and probable reward for it?
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Activity: 84
Internet of Coins
I am thinking of buying a contract for Dash mining at GM but I am unable to find any trustworthy information about when I will be able (if anytime) to recover my money back. I have searched a lot but only found contradictory info some says you will NEVER recover your initial money back because they will raise the difficulty level quite frequently and you would need to pump more money to get hash rate to compete with difficulty and in this process you will never catch your tail.
But couple of guys post videos at yt to show they are making good and after only few months initial money will be back.
And I think myself that if its so bad then what’s the point of this company and why its still here if nobody gets their money back.
Better buy your gear and mine yourself,if you don’t have time to do it yourself so better invest in trading , crypto trading is easy and profitable , cloud mining is waste of money and time and yes you will be lucky if you break even.
But If I buy and run from home then I would have to calculate electricity costs and some expenditure on other related stuff too.
But would it be worth of this hassle? (bcoz in cloud mining you pay and sit watching)
Do you have any numbers if we can talk about its setup and running cost and probable reward for it?
Depends on your electricity price $/kwh , if you have something less than $0.10/kwh so you can start and you will get some profit , for me mining with my own gear is profitable from day 1 because i always have that gear which has a market resell value , incase of cloud mining you don’t have this option , you actually paid the price of someone’s machines and you will only be left with some hope to break even, you will find here in that fourm alot of threads to help you setup your own system up and running ,it will take some time and patience from you but at the end you will get a profit in the worst case you can sell your machine and make at least 80% back.
Newbie Online
Activity: 14
Peace not piece.
I am thinking of buying a contract for Dash mining at GM but I am unable to find any trustworthy information about when I will be able (if anytime) to recover my money back. I have searched a lot but only found contradictory info some says you will NEVER recover your initial money back because they will raise the difficulty level quite frequently and you would need to pump more money to get hash rate to compete with difficulty and in this process you will never catch your tail.
But couple of guys post videos at yt to show they are making good and after only few months initial money will be back.
And I think myself that if its so bad then what’s the point of this company and why its still here if nobody gets their money back.
Better buy your gear and mine yourself,if you don’t have time to do it yourself so better invest in trading , crypto trading is easy and profitable , cloud mining is waste of money and time and yes you will be lucky if you break even.
But If I buy and run from home then I would have to calculate electricity costs and some expenditure on other related stuff too.
But would it be worth of this hassle? (bcoz in cloud mining you pay and sit watching)
Do you have any numbers if we can talk about its setup and running cost and probable reward for it?
Depends on your electricity price $/kwh , if you have something less than $0.10/kwh so you can start and you will get some profit , for me mining with my own gear is profitable from day 1 because i always have that gear which has a market resell value , incase of cloud mining you don’t have this option , you actually paid the price of someone’s machines and you will only be left with some hope to break even, you will find here in that fourm alot of threads to help you setup your own system up and running ,it will take some time and patience from you but at the end you will get a profit in the worst case you can sell your machine and make at least 80% back.
If I buy one such rig then how many kwh it will consume in 24 hours? ( I want to calculate my electricity cost)
And what to expect from it in terms of profits?
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Peace not piece.
If I buy one such rig then how many kwh it will consume in 24 hours? ( I want to calculate my electricity cost)
And what to expect from it in terms of profits?
There is not a default power usage.
I just give you an example with one of my rigs: 5x Sapphire nitro+ RX 470 4Gb While mining ETH the power consume is around 750W.
Let’s suppose you have a 0.10$/Kwh rate 750W = 0.750KW Daily cost= 0.750*24*0.10=1.8$
I hope this helps
Yes its wattage figure helps to calculate the cost.
What’s its mining rate?
Published at Sat, 25 Mar 2017 23:07:21 +0000
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