Sweet I'll get some of those, thanks.

Quick q, are there any fees when trading on Binance? I want to check before I make a bunch of tiny trades and end up broke lol.



Is mining profitable?

No of course not, graphic cards just 3x’d in cost because of a new skyrim mod

This post was edited by tonerbond on Jan 15 2018 05:47pm

I'm seriously so sick of hearing about Bitcoin already; its a fringe currency that stands no chance at getting worldwide adoption. Its this year's Pokemon Go (gets tons of attention on the internet but loses by runescape gold).

Voyagings post is legendary af

This post was edited by tonerbond on Jan 15 2018 05:51pm

I mean, if you already have the equipment it is. I'm making between 3-5$/day, but I was ordering the equipment to play games and be productive on, not to mine. Mining is strictly a side-venture.

If I were to buy a system just to mine Monero or Bitcoin or whatever then the payback time on the hardware would be years.

The only way I can see this being profitable in any real sense is if you are mining a coin, and also selling back your used graphics cards for the same or higher price because of excessive demand.

This post was edited by Thor123422 on Jan 15 2018 05:53pm

Graphics cards being expensive is proof that mining is profitable?



Yeah I figured, thanks.

Yes, add as much sarcastic tone as you want but thats how it works
Graphic cards dont just magically 2x-3x because of a facebook/video game

Literally not at all how it works lol.

Your argument makes no sense. (if anything it suggests less profitability because the cost to produce a mining rig is higher)

People would still buy graphics cards to mine shit even if it wasn't profitable because people aren't rational.

This post was edited by Voyaging on Jan 15 2018 06:07pm

Stores would undercut each other if that was even remotely true

This post was edited by tonerbond on Jan 15 2018 06:08pm

The question is over what time period is it profitable?

The answer is you need to be in the game minimum of one year to make a profit on a system bought purely for mining.

Some people expect that they will still be able to turn a profit under those conditions. They might be right, the Monero I'm mining might be worth 10x what it is now in a year and so my current mining would be HUGELY profitable.

Short term it's not profitable though.

What?

Why would the profitability of cryptocurrency mining affect the pricing decisions of stores?