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RE: Mining LTC 🠞 Sending to Block Trades = Steem in my Wallet Daily 😀
Great post. Helped me solve an issue I was getting ready to freak out about. I really want to invest time and money into mining but want to mine the best coin and with best chances. Further insights or directions for me to go research? I setup the whole old way of mining Steem but realized things changed after the Hardfork... I'm just trying to figure out -- what is being mined now successfully either from CPU or ASIC ( I saw one on EBAY for $3k, but wasn't sure if it was worth the investment)... Any pointers would be greatly appreciated. I upvoted and also following. Thanks again for the helpful article!
Here, check out my newer post, I switched to this way of doing it recently, its boosted my income a bit by switching fully to NICEHASH mining, they do auto profit switching which helps you from having to mine on a bunch of pools.
https://steemit.com/blocktrades/@sflaherty/how-i-mine-for-steem-power-and-get-weekly-sp-boosts-nicehash-blocktrades-steemit-wallet
ASIC is top dog when it comes to mining but you do have to kind of spend that $3000 on a unit that will profit you. CPU doesn't do well for anyone, I literally have the best i7 you can buy here, i7 unlocked and it doesn't do but change a week so its honestly only useful if you want to throw it in the mix to add to earnings while your using others miners. GPUs are mid range for mining but decent if you use that NICEHASH tutorial. I have a GTX 1080 here and it gives me on one care about $60-70 extra a week. But here is the catch, GPUs are sold out right now, a bunch of people got massively into mining so there is a serious issue at the moment with supply and demand. The GTX 1080 I own cost me close to $600 originally and now almost $900 going on $1000 due to the demand. I actually just got a used GTX 1060 on ebay the other night which was only $200 so figure I would add that in my build to get a little boost. Just be careful...I have an old scrypt ASIC miner that is profitable but I also bought 2 old antiminer s4s that are for Bitcoin SHA256 mining, those literally are so high in electricity costs that I sometime lose money running them, they just sit collecting dust now as a reminder to me to pay up or don't at all lol...going cheap in ASICS can end up hurting you. Hope that helps, you need any questions answered, let me know...I been mining awhile before the crowds got into crypto so got past a lot of the trial and error stuff already, hate to see people buy bad deals out there because trust me I am noticing lately a bunch of guys selling old miners that are not profitable for high prices, major research and calculations is needed to make money.