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cheese-cube posted:You buy electricity you dinguses. Unless you live with your parents then they are going to be annoyed that you're increasing the power bill whilst squirreling away fantasy currency which has an effective value equivalent to one tenth of the cost of the power bill. And nice hash even gives you a profitability calculator, showing that it's the other way around. I think it's even linked in the OP. You might want the GBS thread my friend
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Jun 26, 2017 16:20
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cheese-cube posted:So if I understand this right ya'll have expended a not-insignificant amount of time to earn less in a week than you'd usually get for an hour of work at min wage? Maybe 15-20 minutes total? And I usually spend some time every week futzing around with my computer. Installing nicehash takes like 5 minutes, maybe another 5 getting an account on coinbase, and I screwed around with GPU settings for a while. That's really about it. Nicehash is literally a "START" and "STOP" button. Like, I understand you have this weird rage about people running a GPU and taking advantage of people willing to spend money buying funny money, but for most people here there was very little cost and very little effort.
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Jun 26, 2017 16:20
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cheese-cube posted:You buy electricity you dinguses. Unless you live with your parents then they are going to be annoyed that you're increasing the power bill whilst squirreling away fantasy currency which has an effective value equivalent to one tenth of the cost of the power bill. I can't tell if your just dense or trolling.
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Jun 26, 2017 16:25
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craig588 posted:I spend thousands of dollars a year through Amazon. 
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Jun 26, 2017 16:26
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xthetenth posted:You buy electricity in direct proportion to the money you extract from libertarian fantasies, as you extract the money. You then turn it into gift cards or similar that has actual value greater than the electricity you paid for. At this point it isn't, so you've stopped, and you've got a bit of burrito or etailer money. For me personally it's more of a nerdy interest, so spending a few hours reading about all these crazy ideas is entertainment. Im torn about posts like yours dissuading others from looking into this, because on the one hand it's true you can gently caress yourself very easily if you believe in TO THE MOON. On the other hand, gently caress maybe I'd have some bitcoins right now. I don't think my dumb 2012 self would've bought mining rigs but Who knows. I was flipping diablo 3 items at the time so this crypto stuff should've been right up my alley. I made some profit from selling amulets and poo poo, so virtual money turning into real money wasn't weird to me , it was fun. As long as you don't put your inheritance in this, I really don't see the harm, just check you're coming out ahead.
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Jun 26, 2017 16:26
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You can buy lots of household things on Amazon now, he is the reason retail is dying
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Jun 26, 2017 16:26
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Maybe he's the guy who bought the 44 1060s at 1.5x MSRP and is now pissed because he thinks all you fairweather miners are ruining the payouts. I still can't believe that guy bought 44 1060s *now*, signed a lease for 2 warehouses with a 3rd on the way, and he paid above MSRP to boot. Where do they make these people? Edit: Actually, I think I'm confusing 2 different people who bought insane amounts of cards this late in the game, but they're probably twins separated at birth, so... confusion understandable. Shrimp or Shrimps fucked around with this message at 16:31 on Jun 26, 2017 |
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Jun 26, 2017 16:27
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Shrimp or Shrimps posted:Maybe he's the guy who bought the 44 1060s at 1.5x MSRP and is now pissed because he thinks all you fairweather miners are ruining the payouts. California
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Jun 26, 2017 16:30
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Comfy Fleece Sweater posted:For me personally it's more of a nerdy interest, so spending a few hours reading about all these crazy ideas is entertainment. Honestly if you aren't putting money in with the expectation of getting it and more back, then whatever. You have your fun and you do you. Risky Bisquick posted:You can buy lots of household things on Amazon now, he is the reason retail is dying Millenials!!!! PerrineClostermann posted:California Is that actually the case, because that's even funnier given power prices.
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Jun 26, 2017 16:31
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xthetenth posted:
Nah, just making a joke about crazies. I almost put Florida instead.
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Jun 26, 2017 16:36
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PerrineClostermann posted:Nah, just making a joke about crazies. I almost put Florida instead. Yeah, i think that dude was in the North East somewhere (NY?) but I might be making that up. I've made enough for buttcoins to buy me Hollow Knight and the ceremonial lunch after electricity costs, which is hilarious. I'm still like $2/day profitable, but I'm already losing interest. Considering the weird entertainment I got out of this whole bubble and cryptocurrency dumbasses, and that I spent literally zero dollars and like 10 minutes to get everything set up, I can say i thoroughly enjoyed this.
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Jun 26, 2017 16:51
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B-Mac posted:I can't tell if your just dense or trolling. First one, then the other, but now the first one. Yeah, I'm dense for questioning the infinitesimally small ROI for an activity that has a non-zero startup cost for investing effort in something that follows the law of diminishing returns and will inevitably (And rapidly) end up with negative returns. Also the end product is a currency that may as well be worthless. And at some point you'll either be scammed and/or robbed because that literally comes with the territory. I don't care if you have fun whilst doing all of that, just don't pretend that you're not pissing in the wind. Edit: PerrineClostermann posted:You might want the GBS thread my friend 
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Jun 26, 2017 17:05
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I "made" $9.87 over the past two days and I'm done now. I'm gonna go mow the lawn for the old lady who lives across the street and she'll pay me $20 and give me a coke to drink while I do it so that's pure profit.
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Jun 26, 2017 17:05
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Is there a good explainer about what the role of miners will be in Proof-of-stake systems? How much will the computing needed drop?
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Jun 26, 2017 17:06
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TomR posted:I "made" $9.87 over the past two days and I'm done now. I'm gonna go mow the lawn for the old lady who lives across the street and she'll pay me $20 and give me a coke to drink while I do it so that's pure profit. What! Buy 80 lawnmower! Hire 200 people! Now mow mow mow! To the moooooon!
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Jun 26, 2017 17:08
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Proof of Coca-Cola system, just pour the Coke onto the yard, person who can kick the empty bottle the farthest gets the entire $4,000 for that day
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Jun 26, 2017 17:09
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Actually seriously I just read this thread for laughs, I never got going. Hopefully my 290 still has value because of this idiocy, my 1080 Ti is here. Go in peace sweet prince, you were a far better graphics card than I could've expected.
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Jun 26, 2017 17:12
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cheese-cube posted:First one, then the other, but now the first one. Yeah, I'm dense for questioning the infinitesimally small ROI for an activity that has a non-zero startup cost for investing effort in something that follows the law of diminishing returns and will inevitably (And rapidly) end up with negative returns. It's all covered in the OP. Don't buy hardware, check if it's profitable, convert to something you can use as soon as possible. I think a lot of people would doubt that Amazon credit is worthless or a scam. Doesn't really matter now, for most people it's not profitable anymore. but if it was last week you'd be giving up free money (or not if you never use Amazon?). I'll definitely be running my computer 24/7 again if I can get 50 dollars a week from it again though. It seems crazy to not want free money.
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Jun 26, 2017 17:13
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xthetenth posted:Actually seriously I just read this thread for laughs, I never got going. Hopefully my 290 still has value because of this idiocy, my 1080 Ti is here. Go in peace sweet prince, you were a far better graphics card than I could've expected. Oh yes sell sell sell sell. Pretty sure $250 is easy for a 290 right now
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Jun 26, 2017 17:14
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cheese-cube posted:Yeah, I'm dense for questioning the infinitesimally small ROI for an activity that has a non-zero startup cost for investing effort in something that follows the law of diminishing returns and will inevitably (And rapidly) end up with negative returns. Eh $100/month per video card after power is really not bad at all for pretty much zero effort. And you are only going to get scammed or robbed if you are an idiot. I don't even get how its possible if you keep your coins in your wallet and convert to BTC and sell through coinbase. But what do I know, I am obviously an idiot for mining.
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Jun 26, 2017 17:19
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craig588 posted:It's all covered in the OP. Don't buy hardware, check if it's profitable, convert to something you can use as soon as possible. Seriously the only downside to this is that you're propping up libertarian idiots and out of touch nerds' dreams. But they're paying money for negligible time investment, so who cares what they think.
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Jun 26, 2017 17:19
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cheese-cube posted:First one, then the other, but now the first one. Yeah, I'm dense for questioning the infinitesimally small ROI for an activity that has a non-zero startup cost for investing effort in something that follows the law of diminishing returns and will inevitably (And rapidly) end up with negative returns. You seem to be under the impression that people are buying $2000.06 card rigs to do this. Most of the people are using hardware that they already bought for other purposes. They are just dicking around for fun and to make a few dollars. You are also presuming that people are holding on to the bit coins they receive. I think the vast majority of people here sell what they earn every week.
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Jun 26, 2017 17:21
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No one in this thread is making anything beyond a fuckin pittance. Good job ya'll. Edit: forgot to mention deprecation of hardware which no one seems to be accounting for, an oversight that's exacerbated by running your poo poo to within an inch of it's life for its life. That drops you to the bottom of those MTBF curves manufacturers release. Pile Of Garbage fucked around with this message at 17:27 on Jun 26, 2017 |
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Jun 26, 2017 17:23
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cheese-cube posted:No one in this thread is making anything beyond a fuckin pittance. Good job ya'll. Thanks  I made $25 over the weekend!!!!!!!!!!!!
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Jun 26, 2017 17:26
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You seem really bothered by people making $5 a day in free money. Maybe you should try giving cryptocoin mining a shot.
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Jun 26, 2017 17:27
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It's not free. People just see promises of free money and leave their reasoning at the door.
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Jun 26, 2017 17:29
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You've spent more time furiously posting dumb things in this thread than it took me to setup a thing that made me some money while I was sleeping, that I already spent. You really should take a look at your reasoning tbh.
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Jun 26, 2017 17:32
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cheese-cube posted:It's not free. People just see promises of free money and leave their reasoning at the door. dude poo poo I always leave that at the door what am I missing
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Jun 26, 2017 17:32
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My card has paid for itself and it generates more money then it uses each month for power. At that point, how is it not generating free money that I would otherwise not have? Also the only reason people are making fun of others for building these giant mining rigs is because of how late they are to the party, not because the act of mining itself is dumb. The people who spent thousands on a mining rig a year and a half ago absolutely made a crapton of money, more then enough to cover any hardware failures as well as making a really great profit. Like any of the people who got into monero, zcash, or ethereum early made a killing. Stealthgerbil fucked around with this message at 17:36 on Jun 26, 2017 |
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Jun 26, 2017 17:33
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cheese-cube posted:It's not free. People just see promises of free money and leave their reasoning at the door. Please justify your posting in this thread while taking into account opportunity cost and electricity/hardware depreciation of the machine you are posting with.
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Jun 26, 2017 17:34
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Comfy Fleece Sweater posted:What! rjmccall posted:look, it's simple. you have a Happy Burger brand fast food establishment, and sometimes kids come in and want their Happy Burger brand Happy Kiddy Burger, which according to the Happy Burger brand franchise operating instructions is supposed to be 4oz of usda utility grade hamburger lightly grilled and pressed into a poppy seed bun with two slices of mild pickle and a slice of tomato and a piece of iceberg lettuce and the name of the kid written on the top in half an ounce of Happy Burger brand special sauce about which the less said the better
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Jun 26, 2017 17:35
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Maybe cheese cube is hungry. Here, have a burrito I bought with crypto. It's a cryptorrito
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Jun 26, 2017 17:38
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Stealthgerbil posted:Also the only reason people are making fun of others for building these giant mining rigs is because of how late they are to the party, not because the act of mining itself is dumb. The people who spent thousands on a mining rig a year and a half ago absolutely made a crapton of money, more then enough to cover any hardware failures as well as making a really great profit. Like any of the people who got into monero, zcash, or ethereum early made a killing. P O N Z I
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Jun 26, 2017 17:39
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BangersInMyKnickers posted:P Who is running the ponzi scheme here? AMD?
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Jun 26, 2017 17:40
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Cygni posted:You've spent more time furiously posting dumb things in this thread than it took me to setup a thing that made me some money while I was sleeping, that I already spent. I should evaluate my reasoning that there's no such thing as a free lunch and that for the situation being discussed you'll get at most a Keurig pod of tartars sauce for an entire weeks worth of effort? Nope sounds solid to me. I'm not saying that you won't make "some" money but it will be gently caress all and eventually with difficulty increases you will end up making nothing. Just gony requote myself: cheese-cube posted:I don't care if you have fun whilst doing all of that, just don't pretend that you're not pissing in the wind. For the record, I'm sitting at home drinking and posting on the internet because it's funny. If I was doing the same but with buttcoins I'd probably already be asleep.
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Jun 26, 2017 17:41
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Lockback posted:Please justify your posting in this thread while taking into account opportunity cost and electricity/hardware depreciation of the machine you are posting with.
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Jun 26, 2017 17:41
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Yes all of the effort we put in turning the crank to power our video cards. Like lol if you haven't scripted everything.
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Jun 26, 2017 17:43
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cheese-cube posted:I should evaluate my reasoning that there's no such thing as a free lunch and that for the situation being discussed you'll get at most a Keurig pod of tartars sauce for an entire weeks worth of effort? Nope sounds solid to me. I'm not saying that you won't make "some" money but it will be gently caress all and eventually with difficulty increases you will end up making nothing. A week's worth of the computer's effort isn't the same as a week's worth of your own personal effort. cheese-cube posted:Edit: forgot to mention deprecation of hardware which no one seems to be accounting for, an oversight that's exacerbated by running your poo poo to within an inch of it's life for its life. That drops you to the bottom of those MTBF curves manufacturers release. The only meaningful depreciation of computer hardware is when the next generation comes out. Everything else pales in comparison. Especially if it's still working when you flip it, in which case who cares how it was?
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Jun 26, 2017 17:46
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these dudes are mining theyre just annoyed we're f'ing up their hashes or however this dumb crap works
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Jun 26, 2017 17:50
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Your cherry-picking of my arguments does nothing to invalidate them. Also you can't kill me, I'm already dead.
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Jun 26, 2017 17:51
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