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Is it profitable to mine crytpocurrency in dedicated server
mustafamw3
Member, Patron Provider
in General
Hi guys
Is it profitable to mine crytpocurrency ? any crytpocurrency not only bitcoin
Best regards
Comments
No idea.
Yes. When the next Bullrun begins, all these coins can grow in price.
With the current currency pricing? Don't think so. Your power bill will be much higher. Maybe some altcoins but then you have to pick the right ones... which requires some investigation.
No. Cryptocurrency, specially Altcoins became some sort of Ponzie scheme.
Monero is still profitable
Yes it is profitable if you have a time machine and can go back to 2009.
Are you running the server from home? or renting one in a DC? If it's in a DC then you'll send up paying more than you actually make. Why not run a small rig? Just make sure you have enough to cover the power bill. 😬
Sure, just rent 100+ Xeon Gold servers and mine that (*)coin. No probs. /s
No.
>
I don't need mining if I was rich and had money enough to rent 100 gold xeon servers
it's not profitable then
is it? With what hardware?
Just run:
$ sudo date --set="1 JAN 1970 00:00:01"on your mining server.Yes but only on the most expensive servers with old CPU's
Just run on pi. Make sure to put on a heatsink.
Then forget about it until you retire. That ought to make some nice bonus.
Xeon 5160 / 4GB DDR2 / 72GB SATAII / 500GB @ 100 Mpbs -- $250/mo paid quarterly.
You would make around $79.42 p/week on that approximate
I do all my mining on an S3 Trio (PCI, not VLB, because compatibility).
It's a sad irony how "miner" meant to describe a hard working person ruining his life underground to provide energy resources for the rest of us. Nowadays, "miner" is a useless shitty energy burner doing nothing good for society in sheepish hopes to get something without personal effort.
I will take a walk.
Not to mention the useless/insane waste of energy/resources.
That's the huge difference between miner and ~miner.
EDIT3:
and a biner, a common phrase in north east England for someone who has smoked cigarettes for so long their mouth is trying to turn inside out
It really depends on the coin. It's usually worth mining coins that are new, considering it's not scam.
All crypto is a scam basically.
Also the NSA developed SHA-256.
Hello backdoor.
Yes it is
Let me know when u turn a profit
If you get very cheap electricity and a space that is well suited, sure why not? Just know unless you put some serious thousands down and some serious time probing every possible thing that could go wrong (short circuits, security, air flow, liability of devaluing tech, etc) you'll be getting pennies by the day and dollars by the year and I don't think anyone can really recommend getting into this market without having some sort of edge like free/ridiculously cheap electricity. It can be tempting to try and scale something like this but really it would be an opportunity cost that you probably wouldn't want to even bother with unless you are curious and just want to do a small rig for doing it's sake. The crypto market is real, there is a real use there, though it is propped up by speculators, as pointed out earlier you could make a buck mining XMR but ask yourself: is there really not anything else you could do with your time (which is most valuable).
A job, any kind of job really, is more profitable, but that's just my humble opinion.