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Thread: Banglagamer Mining Discussion

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    Exclamation Banglagamer Mining Discussion

    So, i was wondering, with BTC price now more valuable than gold at $1700-1800, why the miners of this forum are so silent?


    To be precise, which coin you are mining right now? And at which pool?

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    BTC is now with custom ASIC aka custom chip designed to mine efficiently.

    GPU mining is done for some new currencies. Erethreum and others iirc.

    - - - Updated - - -

    Here are some info

    - - - Updated - - -

    And rhen there's this
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    Quote Originally Posted by Sybaris Caesar View Post
    BTC is now with custom ASIC aka custom chip designed to mine efficiently.

    GPU mining is done for some new currencies. Erethreum and others iirc.

    - - - Updated - - -

    Here are some info

    - - - Updated - - -

    And rhen there's this
    do you mine by yourself? If not, may i kindly ask you not to poke around here? Thank you!

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    Good luck with that -_-
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    YSK: Bitcoin or any other crypto currency is actually completely illegal in Bangladesh. It's not a good idea to discuss about it in public forums anymore.

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    What the ¤¤¤¤ is bitcoin?

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    Quote Originally Posted by Swapnil View Post
    YSK: Bitcoin or any other crypto currency is actually completely illegal in Bangladesh. It's not a good idea to discuss about it in public forums anymore.
    Isn't this from 2014, I think things have changed quite a bit since then.

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    Quote Originally Posted by Trave160 View Post
    Isn't this from 2014, I think things have changed quite a bit since then.
    Couldn't find anything that shows this statement was changed later. And the wikipedia page about bitcoin legality still shows illegal in Bangladesh.

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    What pool do you use to mine Ether?

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    nobody mines???

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    nobody cares
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    I actually did find a guy who told me he has friends mining with RX 480s. He's a member here, I forgot his name

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    -________________________-

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    I researched a little bit after this post, I don't understand things well yet, But it seems mining is not much profitable yet. I mean if you invest a lot and build rig specifically for mining, then it might be profitable but considering the large investment, middle class people like me probably doesn't find interest. correct me if I am wrong.

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    Quick OP, delete this thread before all the rx570/580s go out of stock

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    Quote Originally Posted by Badhon_raj View Post
    I researched a little bit after this post, I don't understand things well yet, But it seems mining is not much profitable yet. I mean if you invest a lot and build rig specifically for mining, then it might be profitable but considering the large investment, middle class people like me probably doesn't find interest. correct me if I am wrong.
    I keep reading the same thing too. Not profitable at all now. In fact, you end up paying more in electricity bills just to get a decent amount. That makes me think it could be more profitable to just open a ''cha-er dokan"

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    It is only profitable in BD if you have চোরাই electricity line :3

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    Alas, no one of you has any idea about it. I wonder where are all the old miners like @taher thefurious and @SadmanBD

    - - - Updated - - -

    if your luck clicks, you can earn 50k-60k within a week. Ether miners, who mined with single 390/390x, are super rich now.

    - - - Updated - - -

    I myself earn ~20k in a month with one single 270X back in 2013. Dogecoin, Fluttercoin, ahh, good ol' times.
    Last edited by VANGUARD; June 14th, 2017 at 02:52.

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    Swapnil's Avatar
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    Quote Originally Posted by VANGUARD View Post
    Alas, no one of you has any idea about it. I wonder where are all the old miners like @taher thefurious and @SadmanBD

    - - - Updated - - -

    if your luck clicks, you can earn 50k-60k within a week. Ether miners, who mined with single 390/390x, are super rich now.

    - - - Updated - - -

    I myself earn ~20k in a month with one single 270X back in 2013. Dogecoin, Fluttercoin, ahh, good ol' times.
    Well, with actual luck you can even hit a bitcoin block while mining solo with a Radeon HD5450. That's 32,000 USD.

    The trick with crypto mining was and always will be to get on board with a coin early in it's life cycle, even with actual bitcoin. If you can correctly predict which one of the new coins is going to go big in next couple years, then the profit is yours. But with hundreds of new coins popping up, how would you predict it, that's the question.

    I was very interested in mining bitcoins back in 2011, right when the FPGA miners were being phased out with ASIC miners. Back then, 1 BTC was 20-30 USD, hash rate was just shy of touching 1TH/s, and block rewards were 50 BTC. I spent a good amount of time studying everything, including the algorithms and codes. I was so interested that I got together some people to invest money to buy then top of the line ASIC miners. But I run the numbers multiple times, and with steady growth of the hashrate and the typical timeframe of ordering an ASIC and getting it delivered, the results were disappointing. Even at the rate BTC prices were increasing at that time, I'd need 4 years just to break even on the hardware cost, and then the profits would still be marginal. So, I killed the idea. And for next couple of years I was happy that my calculations were correct. Even the BTC price dropped and the Hashrate got stuck around 10TH/s as people were realizing that it is pointless. But then I think around in 2013 china happened and the price went through the roof. Had I been able to predict that, I'd be a rich man today.

  20. #20

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    BTC mining rig of someone I know: https://prnt.sc/fjd62c

    Rx 480+480+570

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