XMR mining app, built with Vue.js, D3 and CoinHive

Post by pests » Tue, Dec 19, 2017, 1:54 AM UTC

deevolution wrote: post #19

wyldfire wrote: post #5

Earlier quoted context omitted.

In general, any PoW-cryptocoin quickly reaches an equilibrium with its costs. Changes in the difficulty, changes in the exchange rate (usually as a function of changing demand), changes in availability of current/next-generation mining hardware will destabilize this equilibrium temporarily. The answer to the question "should I mine [coin x]" in order to make money is usually "no". You should mine that coin because yo…

A healthy coin depends on a balanced ecosystem of miners and users. If mining becomes unprofitable then the ecosystem will collapse. But if its a coin that miners have significant interest or investment in and they see profitability decreasing due to energy costs, they will be incentivised to find cheaper sources of energy. This likely explains why so many bitcoin mines in china are located near renewable energy sour…

Post by mrgordon » Tue, Dec 19, 2017, 3:11 AM UTC

vitalus wrote: post #14

joshschreuder wrote: post #12

Earlier quoted context omitted.

That's not necessarily true, assuming you believe the value of what you're mining will at some point in the future be worth more than it is now. I mined some Ethereum earlier in the year, and was making around $6 AUD a day. I stopped as I was unhappy with the effects of proof of work on electricity supply and the wear on my GPU, but the amount I mined at current market price is worth around 3x that, making it quite a…

If the cost exceeds the value of what you're mining, you're always better off putting that money directly into purchasing the cryptocoin instead. Option 1: Spend $10 to mine $5 worth of BTC Option 2: Spend $10 to obtain $10 worth of BTC If the market goes up, you are better served by the latter option.

Post by icelancer » Tue, Dec 19, 2017, 3:25 AM UTC

mv4 wrote: post #27

davmar wrote: post #24

monero is where it's at imho

... especially if Coinbase decides to add XMR as their 4th menu item

Post by colechristensen » Tue, Dec 19, 2017, 4:16 AM UTC

mrgordon wrote: post #33

vitalus wrote: post #14

Earlier quoted context omitted.

If the cost exceeds the value of what you're mining, you're always better off putting that money directly into purchasing the cryptocoin instead. Option 1: Spend $10 to mine $5 worth of BTC Option 2: Spend $10 to obtain $10 worth of BTC If the market goes up, you are better served by the latter option.

More like spend $500 for a graphics card and end up with a graphics card and $2000 in bitcoin

Post by lojack » Tue, Dec 19, 2017, 5:49 AM UTC

icelancer wrote: post #23

lojack wrote: post #4

Earlier quoted context omitted.

> Does the value of XMR mined exceed the electricity consumed by the app? Extremely unlikely. Even GPU mining with good hardware cuts it close with energy consumption depending on your energy costs.

> Extremely unlikely. Even GPU mining with good hardware cuts it close with energy consumption depending on your energy costs. What? This is seriously wrong. ROI fluctuates between 200-600% for XMR and its derivatives.