Why would anyone sell a good mining rig?

Kathryne Batz asked a question: Why would anyone sell a good mining rig?
Asked By: Kathryne Batz
Date created: Thu, May 27, 2021 10:31 PM



Those who are looking for an answer to the question «Why would anyone sell a good mining rig?» often ask the following questions:

❔ Why would anyone sell a bitcoin miner instead of just mining themselves?

They might not think mining is profitable and are simply looking to sell hardware and treat BTC miners as a good target market, media attention probably means there's a lot of naive users that believe they can make huge profits by mining themselves. Once you scale up mining beyond a certain limit there can be significant capital costs.

❔ Why would anyone invest in cryptocurrency pool mining?

A Stable, Censorship-Resistant Store of Value. Another common reason to invest in cryptocurrency is the desire for a reliable, long-term store of value. Unlike fiat money, most cryptocurrencies ...

Question from categories: cryptocurrency trading cloud mining cryptocurrency market mining hardware bitcoin mining

❔ Anyone know of a good turtle mining program?

In the process of making one RN. dunno when I'll have it ready because of school, but once it's up and running I can let you know. It's a more efficient quarry mining program that deals with both gravel and mobs. It will know its location in the world. The smallest area it will mine will be a 3x3 down to bedrock.

10 other answers

Why would anyone sell a good mining rig? I've seen a couple ads on the "craigslist" in my country, people selling decent mining rigs, with good specs, the investment returning in 6 or 7 months and making profit ever since. Let's say the ads are legit, why would you sell something that makes 1500 USD a month on its own?

The proposed changes for the upcoming London hard fork, scheduled for July, will lead to short-term profit loss within the miner community. This is why the Ethereum Foundation, a non-profit, dedicated ecosystem of organizations and companies that support the Ethereum blockchain, is trying to de-escalate some miners’ attempts to display the “show of force” of a possible 51% attack on the ...

However, there are three factors that separate profitable miners from the rest: cheap electricity, low cost and efficient hardware and a good mining pool. 1. Efficient Hardware

Earn 1000 EUR per month with this mining rig! NVIDIA RTX 3060 Ti is becoming very popular on NiceHash! That is why we assembled a mining rig with 10x NVIDIA RTX 3060 Ti. This mining rig’s hashrate is more than 600 MH/s and draws only 1400W. Currently, that is around 40 EUR per day!

Solving these problems verifies Ether transactions on the network and miners are rewarded for their efforts. The good thing about a GPU mining rig is that it can adapt and you can mine a variety ...

Mining Rig Companies and Products. However, Considering the market, only a few dedicated mining rig companies are available with dedicated mining rigs. Bitmain offers two dedicated mining rigs i.e: Antminer brand and the S9 series. These two machines involve consumption of approximately 845-1375 watts and calculate hash solving at 8.6-12.9 TH/s.

When you pick your cards, remember to check online if they’re suitable for cryptocurrency mining. Remember, though, that a good rig has to be made out of several or more GPUs - plan your funds and other purchases accordingly when thinking how to build a mining rig. Power supply. The power supply that you’ll have to get depends solemnly on the other components of your rig.

Mining for cryptocurrency is about processing power, certainly—that’s why the distributed chip designs of GPUs are better for most methods of mining than CPUs. But it’s also about efficiency: if a miner uses so much electricity that it’s eating up electric bills faster than it’s solving hashes and generating coins, then it’s actually losing money for the owner.

3060ti is currently the best gpu to mine with hash to power usage 61.6 to 63mh on a 3060ti at 119w software which is 136w at the wall 2 of them is the same price if not cheaper then a 3080 and giving u 123mh to 126mh at 272w put it into a bigger picture say you run 240v like most miners on a 30 amp breaker you can get 2.5gh at the 80% rule with 3060ti and if you were to use 3080s would be at 2gh so 500mh less at the same power consumption and price.

As the name suggests, successful mining results in the creation of new crypto coins that are awarded to successful miners. Mining is the only way that certain crypto tokens (e.g., Bitcoin) enter circulation. Not all cryptocurrencies can be mined, such as ones that pre-release all their coins as part of an initial coin offering (ICO).

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