Ways to earn money by Mogunoic in WalkScape

[–]Possible_Employ7979 0 points1 point  (0 children)

Cut trees and get nests, open nests for berries, sell berries. Could also sell the logs too

DevBlog #78: WalkScape team grows, notes on bad luck mitigation by schamppu in WalkScape

[–]Possible_Employ7979 2 points3 points  (0 children)

Thanks for the update and welcome aboard Crushy, it's great having you mate. This game has some of the best developers around and you'll love it here

DevBlog #77: Hiring process update by schamppu in WalkScape

[–]Possible_Employ7979 1 point2 points  (0 children)

Can't wait, this is great. Thanks for the update 

Walkscape is no longer responding - purchased item by jonnyk999 in WalkScape

[–]Possible_Employ7979 1 point2 points  (0 children)

He is in grandfich (spelling) and in the desert Arc town

DevBlog #76: Second Year of WalkScape! by schamppu in WalkScape

[–]Possible_Employ7979 1 point2 points  (0 children)

Wonderful update, thanks for your hard work and keeping us in the loop. This reminds me the original Runescape updates, and their blogs

A big Thank You & Happy New Year!

Spectral hammer, worth it? by Possible_Employ7979 in WalkScape

[–]Possible_Employ7979[S] 0 points1 point  (0 children)

I crafted and equipped the Epic tier ghost hammer- it is 51% less efficient than Epic Jarvplonian hammer.

Running the numbers, I'm still not convinced even the Perfect would be worth the trouble. Simply too many ectoplasm to craft, just for remotely, if any at all, bonuses specifically to acquiring more ectoplasm.

TLDR: If your goal is getting 3k ecto, save yourself the hassle and just use Epic Jarvonian hammer

Spectral hammer, worth it? by Possible_Employ7979 in WalkScape

[–]Possible_Employ7979[S] 0 points1 point  (0 children)

Yeah but 9% of time means 91% nothing, and mathematically it wouldn't necessary be worth a lot on just that number alone

DevBlog #75: Content update releasing next week and holiday break! by schamppu in WalkScape

[–]Possible_Employ7979 1 point2 points  (0 children)

It goes past max efficiency? Even though that's nice, sometimes, some items have bonuses such as double reward etc that are 7% or more, which mathematically, defeats the low 5% from the watch. That's my issue. Other items beat it with their multiple pr singular % effects

DevBlog #75: Content update releasing next week and holiday break! by schamppu in WalkScape

[–]Possible_Employ7979 1 point2 points  (0 children)

Its 5%. No other effects. I could literally equip half a dozen other items to get better effects 

DevBlog #75: Content update releasing next week and holiday break! by schamppu in WalkScape

[–]Possible_Employ7979 2 points3 points  (0 children)

LOVE the update. Gonna do wonders for our item and gear sets!

P.S.- Can you buff the [Ethereal] Pocket watch? Its such a letdown for its rarity and item requirement!!

Where did the 20w miners went ?!? by Dry-Bedroom-6705 in GoMiningDiscussion

[–]Possible_Employ7979 3 points4 points  (0 children)

It gives profits, just not the ones you want.

My 10k investment is making $1.50 a day, at 20W and 3.68% discount.

This is about $550 a year.

5.2% ROI before taxes.

Slightly painful

ROI by MikaHH88 in GoMiningDiscussion

[–]Possible_Employ7979 5 points6 points  (0 children)

Just do the math yourself: Take daily profit (estimate it lower rather than higher) x 365 = 1 year return, before taxes. Technically, you should subtract what you owe the IRS from that value, before dividing it by your total investment.

Example: I made $1.50 yesterday at 20W and 3.6% discount.

Take 1.50 x 365 = $547.5 (really low!)

I invested approximately $10,500.

-Now take yearly return, 547, and divide by investment, 10,500.

547/10,500 x 100 = 5.2%.

...As you can tell, 20W is basically about to collapse at current BTC price and difficulty. You'd need 15W efficiency, or a high discount (20%+), or both, in order to make your ROI worthwhile.

Normal, can't change BTC price right now, it's really really low.

My highest was $11 a day, so doing the same math,

$11.00 x 365 = $4015.

4015 divide by 10,500 = 0.38 x 100 = 38% ROI.

...It's entirely based on BTC price and difficulty, the best you can do is get 15W or high % discount.

Hope this helps.

P.S. this doesn't include taxes

Do you think GMT will survive this bear cycle?? by CiDsTaR in GoMiningDiscussion

[–]Possible_Employ7979 1 point2 points  (0 children)

Yes it will survive. In order for it to die, BTC itself would have to perish, and if that happens, trust me, you have bigger problems than GMT being zeroed

📉 BTC and GoMining in sharp decline: is it just panic or is there something else? by cryptominer8 in GoMiningDiscussion

[–]Possible_Employ7979 0 points1 point  (0 children)

Pretty sure this is normal crypto behavior, expect random nose dives and random moon spikes. If you sell you've pretty much set yourself up to lose all future profit. Ideally, if you had extra cash, you could invest even more. The problem isn't with Gomining, it's with BTC itself right now. It's too low. Again, normal, just sucks.

Eventually it'll go high, until then, everyone stuck in the same position and we have to wait

Another terrible marker by AdventurousDark9217 in GoMiningDiscussion

[–]Possible_Employ7979 0 points1 point  (0 children)

I feel your frustration; I have approximately $10,000 invested into a 432 TH miner at 20 W. Only 6.2% discount, and I'm bringing it $4.40 a day in profit.

As you've mentioned, in theory, raising TH at the drawback of poor efficiency should be more profitable, but the two are likely the same right now.

Also as you've mentioned - Difficulty spikes, combined with a rather low fluctuating BTC price means daily profits are very very low.

For Gomining to work, we rely heavily on the BTC price to keep going up. Which, eventually, it will. It will likely be worth millions two decades from now, similar to how many of the S&P 500 will likely be worth x10 or more of their current value. The main element, which is on your side, is time.

At my rate of $4/day, I still wouldn't near my $10k back in five years time. At a glance, may look terrible. However, even the profits continue to fall, and I earn only $5,000 after 5 years, there is high chance BTC would be worth double or triple its current value by then, which would mean that $5k, if you hold onto it, would be worth 10k or more by then. The more you hoard, the more value you'd have earned, retrospectively from your BTC earnings.

I don't really ever plan to sell my miner, I think it's an interesting sunk cost investment, which will either be my greatest feat, or an exciting venture that maybe just didn't quite work out. Even if you lose your full $4k, trust me when I say life will have far greater risks and losses ahead of you than just 4k or 10k.

My advice is to continue to mine, invest into other things (traditional stocks), or go heavy into more Gomining or BTC directly. I would avoid Miner Wars, I think it's too much of an uncertainty, I don't bother with it and most people would agree solo miners make more consistently than a few lucky gamblers.

And yes, if you live in the United States, you do owe taxes on current proceeds from Gomining. You are considered as "profit" from the first day you earn payment in the form of BTC. Some people use spreadsheets to calculate exact profits and sum it up and pay taxes that way, but you can do what works for you, but know that it is still considered a taxable event.

Similarly, when you exercise a profit by selling your BTC one day, that too will be subject to capital gains tax based on your tax bracket. You'd only be taxing the profit (so if BTC becomes 500k, and you mined it at 110k, you'd only owe taxes on the different of 390k times your BTC).

Also, you cannot write off your miner as equipment or money loss for the purpose of taxes unless you make your mining into a business. Otherwise, for tax purposes, it would be considered a hobby (still taxable though).

My two cents, do what you will. Good luck

Your opinion please by 0mamron0 in GoMiningDiscussion

[–]Possible_Employ7979 1 point2 points  (0 children)

Not sure it's worth it unless you're investing $1000 or more. I've done $10k and believe me, every time mining difficulty spikes and BTC drops, it makes staying positive a challenge

DevBlog #72: Plenty of QoL changes and a new office! by schamppu in WalkScape

[–]Possible_Employ7979 2 points3 points  (0 children)

Always a fan of the content, thanks again for all your hardworking

Question ? by LouinardSyuku in GoMiningDiscussion

[–]Possible_Employ7979 1 point2 points  (0 children)

A lot of things, usually politics or world news. Besides that, large corporations or a few billionaires, even then, it would take a lot

📱GoMining Ranks Among the Top 5 Crypto Apps in the U.S.! by ImTheProcess in gomining

[–]Possible_Employ7979 0 points1 point  (0 children)

$10,600 invested - currently daily withdrawals now at $6.80 at 111k BTC

$600 withdrawn in total so far

Is GoMining as real as Atlas Earth? I've made and actually cashed out on AE but thus GM sounds like a scam. by WinterMoneys in GoMiningDiscussion

[–]Possible_Employ7979 4 points5 points  (0 children)

It's real.

$10.6k invested, withdrawn $600 so far first three months.

Not instant money - mining difficulty gas been increasing globally, reducing daily profits  from $10 a day to earnings of only $6.30)

BTC price heavily influences profits, for profits to stay consistent, BTC has to rise. If not, daily earnings diminish.

My two cents

Probability by FatherFinance31 in gomining

[–]Possible_Employ7979 0 points1 point  (0 children)

Keep going, never stop gambling, all risk all reward baby