Cash that i save up by being frugal and not having expensive tastes, or hobbies. There is practically no market for used pc parts where i live, so i give away my old stuff for free.
To those that made up their gpu cost by cryptocurrency mining, how many gpu's did you need initially for mining? I would think that one would need (even when cc was starting out) a farm of gpu's to get any kind of income from mining.
To those that made up their gpu cost by cryptocurrency mining, how many gpu's did you need initially for mining? I would think that one would need (even when cc was starting out) a farm of gpu's to get any kind of income from mining.
Depends on when you started. I started in late 2013 on Litecoin on a 7950, which 100% paid for a r9 290 shortly after release for $400. If you got in on the early bitcoin days a single card could make you thousands of dollars of bitcoins at today's BTC prices. I made a modest ~$600 total off of Litecoin between 1 7950, and 2 290's and that was the biggest my "farm" ever got. That's revenue not including the cost of electricity at the time.
really solid advice. I've had the same experience, but I haven't kept my boxes as meticulously as I should have...I find that people always overpay for used Nvidia GPUs on ebay. I keep it in good condition with original box, have lots of HQ pictures, and people pay way more than it's worth. Even accounting for the fees, you can still do well. So that lets me upgrade pretty regularly without too much out of pocket.
Exactly the same case at my place. Amd gpus fetch lower prices than amd on the equivalent performance.I find that people always overpay for used Nvidia GPUs on ebay. I keep it in good condition with original box, have lots of HQ pictures, and people pay way more than it's worth. Even accounting for the fees, you can still do well. So that lets me upgrade pretty regularly without too much out of pocket.
Between myself and my clients, I buy a decent amount of hardware. Sometimes that hardware comes with a rebate and I make sure I mail that rebate out ASAP. When I get the rebate in the form of a credit card, I use it to refill my Amazon GC to avoid the expiration date and the monthly "maintenance fee" by the time I'm ready for a GPU upgrade I have a decent amount stashed in my Amazon GC to offset my out of pocket costs. I could also sell my old card to offset the cost even further but I usually either give it away to a friend or upgrade one of my other systems.
Last month I bought a Sennheiser Game Zero headset from Dell.com which cost me nothing out of pocket thanks to their rewards program and a $6000 server I ordered for a client.
I never file this rebate, then just feel good for getting a "good deal".
I'm not the only one I imagine. I usually don't do rebate deals though, but I need to be better about filing them. I'm going to probably do what you're doing with the Amazon since I rarely use anything else.
Is it still worth getting into ETH/ETC mining today? The exchanges list conversion rates at upto $50 USD per ETH.My AMD 480 has mined $300+ worth of Ethereum since launch day. It paid for itself plus another GPU.
Every time I spend a bunch of money on hookers and blow, I put $5 into a jar. Then I use that money to buy more hookers and blow. During that time, I'll show the hookers how slow and tired my computer has gotten. At that point they feel terrible for me and offer to buy me new parts.
Is it still worth getting into ETH/ETC mining today? The exchanges list conversion rates at upto $50 USD per ETH.
I've an RX 480, and I've gotten myself an Ethereum Wallet (?) through Mist. Its exciting/fun to think about. I'd love to pick your mind regarding this, if you'd be willing to shed some light for a mining noob
Regards,
Vish