Crypto Mining?

[Casper]

Who's into it? Anyone? 

 

I'm probably one of the reasons the gpu market is sold out  

I'll answer any questions anyone has ect 

 

My Rig: 10 Rx580

Some boxes 

Messy Computer: 

[Dustyolives]

How much are you making daily? Is electricity cheap wherever you are?

[Theorems]

how much profit do you make daily (profit as in minus cost of electricity and internet etc)?

[smurfsup]

17 minutes ago, Theorems said:

how much profit do you make daily (profit as in minus cost of electricity and internet etc)?

Curious as well

[xycmode]

I'm curious too 

[border22]

I looked into this and found you would make more money botting on OSRS and selling the gp. As the electricity cost ate up most of the profits.

[RDM]

I used to mine but I cashed out

[Darren]

I was considering it last year then I thought nty

[Juggles]

People still crypto mine in 2018? That was so 2014

[THS]

Hows that 12 month ROI going

[griffpage]

Wow very nice set up! I have the basic questions, what are you mining? How is the noise? Does your profit offset the electricity usage/are you keeping what you mine or selling?

Also for tax purposes could you claim crypto mining as a business and write off some of those electricity bills? Interesting thought.

[border22]

14 minutes ago, griffpage said:

Wow very nice set up! I have the basic questions, what are you mining? How is the noise? Does your profit offset the electricity usage/are you keeping what you mine or selling?

Also for tax purposes could you claim crypto mining as a business and write off some of those electricity bills? Interesting thought.

Depends where you are I guess and if you did that then you also would have to pay tax on the profit you make. I know in Aus if you make under 20k a year from it, it can be classed as a hobby and you don't have to pay tax, I'd chat to someone and see if it's worth it.