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Difficulty keeps skyrocketing. Why is not everyone minig super profitable altcoins?

David047David047 Member Posts: 221 ✭
edited July 2017 in Mining
Hey,
please dont judge me. I have discovered https://www.coinwarz.com/cryptocurrency and I am asking myself why is not everybody mining Casinocoin. Almost 20$ profit per day compared to ethereum which has 9$ right now.
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Comments

  • PlantDrPlantDr Member Posts: 122 ✭✭
    Altcoins vary more. When I clicked on your link Casioncoin was at $8 a day and ETH was $10.85 for me. I have them set for 0 power cost, because my electricity is free.
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  • David047David047 Member Posts: 221 ✭
    PlantDr said:

    Altcoins vary more. When I clicked on your link Casioncoin was at $8 a day and ETH was $10.85 for me. I have them set for 0 power cost, because my electricity is free.

    WTF why is your electricity free :open_mouth:
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  • PlantDrPlantDr Member Posts: 122 ✭✭
    University apartments
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  • cidmocidmo Member Posts: 446 ✭✭✭
    cuz thats a scrypt coin and requires asics
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  • David047David047 Member Posts: 221 ✭
    edited July 2017
    cidmo said:

    cuz thats a scrypt coin and requires asics

    whats asics :D
    PlantDr said:

    University apartments

    and you can use 10KW/h and nobody would care? XD I have to ask friends my uni friends if one of them has this opportunity.

    do you need a super power consuming 3x R9 295X2 system?


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  • ecs87ecs87 Dekalb, ILMember Posts: 339 ✭✭✭
    Uhh...have you checked your hashrate on those cards mining Scrypt compared to ASICs? You're essentially "mining-ethereum-with-a-cpu". If your plan is to not make a profit then I withdraw my statement (props to securing the chain :smile:)
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  • PlantDrPlantDr Member Posts: 122 ✭✭
    No one has come by yet. It's a state university, no one cares about anything lol. I highly doubt they check per apartment unit, they have so many and are not paid enough to care about that. They recently raised all renters rent by $20 about a month ago because their utility bill was getting higher (so I'm at $790) for a two bedroom with my wife.
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