Mining Rig from Scrap?

Originally Posted by gorven

I agree with ecycle although Im using mostly GTX1050's and I enjoy this hobby and as long as I cover the electric cost I will continue to mine and hopefully grow my little farm. Mostly into Litecoin right now however.

I'm using the MSI GTX1050 6gb ddr5's. Seems to be working really well. I like checking out other coins, so may I ask what factors were involved in your choice of Litecoin? I'm going to try a few different things to have a nice mixed "portfolio"

Originally Posted by ryanw

Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.

From what I have heard, unless you have cheap (or free) electricity and the latest (expensive) GPUs..... it is not profitable. Or unless you have dedicated asci miners which are also expensive and always low in supply and hard to get.....

Now if you are someone who doesn't want to MINE and just wants to buy crypto, that is super speculative and volatile. Ive been burned on it back in the last spike, but do still hold a bit just for fun. Its more of a fun curiosity that an investment since it can all go to squat in an instant. So can fiat currency I suppose but.... meh

Originally Posted by ryanw

Anyone still here mining or into cryptocurrency? I can answer questions about it to the best of my ability. My portfolio currently is heavy on Ethereum...which has been something to mine since 2018. The current De-Fi explosion has given Ethereum a boost, and moving to 2.0 will be a game changer...ETH just has to get there in a timely fashion. I believe the marketcap of Ethereum will surpass Bitcoin's sooner than later.