Discussion in 'Cryptocurrencies' started by lojze, Apr 29, 2017.
Which is cheap/wise way to buy Ethereum or other crypto currency?
How much do you pay per kw/h for electricity? Miners with the lowest cost electricity win the crypto game.
I would need to check.
But in order to mine a reasonable amount I need good PC, low electricity price, ... And then in one month I get how much Eth coins?
There are some calcs online, do some searching.
I'm seeing a trend here in this (cryptocurrency) forum for the last week....
Everyone is taking an interest in buying crypto-currencies for an investment.
Can someone please explain cloud mining for ETH to me? Genesis, for example, sells mining packages --2 years for $ xxx depending on MH/S--- I am not understanding how this works---- I pay $50.00 for 24 months and run a cloud based crypto mining operation?? something seems weird to me about this.
I can understanding buying/selling it for speculation , but cloud based mining? Why don't they just mine it themselves rather than sell subscriptions to the equipment--- is anyone doing this here-- ?
Can someone please fill in an old guy on this newfangled stuff? It looks legit, but obviously I am not understanding the business.
I don't quite get it either surf.
Think of it as buying stock in say a gold miner.
I see it as crowd funding. You're buying into the mining operation to buy equipment & pay the electric bill. In return for your investment you get coins mined.
Interesting...anyone know of a good introduction to a simple payback model for mining costs of Ethereum, versus current market prices?
Starting with PC hardware, electricity costs, etc. is understood, but where are the intricacies of the mining process?
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