Topic: 21 cents per kw, Any way to mine? (Read 10518 times)

Quote from: notlist3d on June 07, 2016, 05:14:59 PM

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum. It appears to be faster... how much is the question no one knows. I think value wise 380/390 will drop. And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently. So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty. Again all speculation.

I think it is better to buy the R9 390 and mine now. The difficulty will be three times of present value when the 490 comes out.

I saw the experience of early miners of the 480 RX. It is slower than R9 390 and only benefit is lower power consumption.

apriyoni

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Quote from: mirakal on June 07, 2016, 01:52:58 PM

Quote from: mirakal on June 07, 2016, 01:52:58 PM

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum. It appears to be faster... how much is the question no one knows. I think value wise 380/390 will drop. And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently. So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty. Again all speculation.

I think it is better to buy the R9 390 and mine now. The difficulty will be three times of present value when the 490 comes out.

notlist3d

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For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

It's kinda a lot of speculation at this point no one knows speeds of 490 mining Ethereum. It appears to be faster... how much is the question no one knows. I think value wise 380/390 will drop. And 400 series will take it's place. So waiting on the card for holding value I can see a point there.

But you are also missing out of mining currently. So you might be mining at a higher difficulty.... so even if faster it could equal out or you might lose due to difficulty. Again all speculation.

mirakal

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Quote from: WarrEagle on May 27, 2016, 07:47:32 AM

For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

The AMD 490 will have 1024 bit memory bus, that is the HBM2. But it might not be too fast for Ethereum mining.

apriyoni

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For me, I will wait and see if the new AMD 490 cards still has the 512 bit memory bus, if it has and price is reasonable, I will buy.

Amph

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that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

it depend if you buy it used, you can find a very good deal on the market, you cna build a rig with 1k or lower now, it should reach roi when you sell it afterward in two 3 months

Newcoins2020

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Quote from: WarrEagle on May 27, 2016, 07:47:32 AM

that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

Altcoins like ETH don't seen to be lasting forever. Which is why i only mine bitcoin these days.
Nor would i advice to start mining if you pay 21 cent per KWH. It's just not going to happen (ROI)

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Quote from: mirakal on April 27, 2016, 03:10:18 AM

Dam I think I should start a mining hosting farm...
thats not hosted in china Wink

you know to keep it decentralized Cheesy

We're in Canada, have been hosting since 2013, and will be opening a new large facility this summer - our total draw between all facilities will be closing in on 10MW by September.

WarrEagle

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that price? No way, you can still make a profit with ETH, but you wont ROI if you buy your hardware now. You would need to have it paid off and ready to run when the bulls got hold of ETH.

notlist3d

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Quote from: notlist3d on April 15, 2016, 12:43:59 PM

Quote from: notlist3d on April 15, 2016, 12:43:59 PM

Dam I think I should start a mining hosting farm...
thats not hosted in china Wink

you know to keep it decentralized Cheesy

Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

Roll Eyes

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm. Personal mining sure on .05. But with a hosting farm everything is bigger on costs. Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs. And this does not include how hard it will be starting to get people to trust you with their gear.

That is right. For home mining, 0.05/kWh is very profitable as you can use many existing facilities with no extra cost.

Although someone agreeing with me always feels good

. There is really no need to in this thread. We should let it die we have a question, and an anwser. So it's all done as far as what it needed.

We should let thread die or if OP still checks lock thread is even better.

mirakal

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Dam I think I should start a mining hosting farm...
thats not hosted in china Wink

you know to keep it decentralized Cheesy

Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

Roll Eyes

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm. Personal mining sure on .05. But with a hosting farm everything is bigger on costs. Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs. And this does not include how hard it will be starting to get people to trust you with their gear.

That is right. For home mining, 0.05/kWh is very profitable as you can use many existing facilities with no extra cost.

notlist3d

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Quote from: leowonderful on April 04, 2016, 06:37:17 AM

Dam I think I should start a mining hosting farm...
thats not hosted in china Wink

you know to keep it decentralized Cheesy

Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

Roll Eyes

Now capital that's the problem *sigh*

Well there is a LOT of setup costs I personally would want cheaper then .05 to set up a hosting farm. Personal mining sure on .05. But with a hosting farm everything is bigger on costs. Wiring and cooling, and getting electric company to set you up for that much electricity all comes out to be a lot of upfront costs.

So I don't think you will be profitable for quite a while after setup costs. And this does not include how hard it will be starting to get people to trust you with their gear.

5h4do3

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Dam I think I should start a mining hosting farm...
thats not hosted in china Wink

you know to keep it decentralized Cheesy

Guess im lucky here...

electric $0.06 from the service providers
$0.05 direct from the main power supplier.

and if we go solar.... 8hrs of sunlight in winter and 12 hours in summer.... hmmmm

Roll Eyes

Now capital that's the problem *sigh*

mirakal

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Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

The only problem is that a GPU is not built to be at near 100% load for extended periods of time, and often what happens is over a period of a month, even well-cooled gpus will start having the effects of heat and components will begin to degrade. I've had a dead R9 270X once mining ethereum for only 2 months. Thus most people buying gpus ask what it was used for if they're buying used gpus, and most people are unwilling to buy gpus used for mining as they know mining will shorten a gpu's life drastically. Unless the buyer is really desperate, few people will buy a used mining gpu as the wear can get pretty bad mining ethereum and other altcoin.

If you keep the temperature below 75c, will they die so easily? I have a few 7990 mining at 70c for two years.

Amph

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Quote from: leowonderful on April 04, 2016, 06:37:17 AM

Quote from: Amph on April 04, 2016, 01:22:54 AM

Quote from: notlist3d on April 03, 2016, 08:41:25 AM

Quote from: apriyoni on April 03, 2016, 05:50:12 AM

Quote from: notlist3d on April 03, 2016, 12:13:49 AM

Quote from: apriyoni on April 02, 2016, 02:29:50 PM

Even with S7, he would lose money at 21 cent/kWh. He could have made some money by mining Ethereum.

But add up cost of 6 GPU rig with nice GPU's.... it's pricey. Do you believe enough in a in a alt this much? Could be a 2 grand guess depending on cards. I personally sold most of my GPU's long ago and worked out well. I am hesitant to spend big and build nice rigs on a alt currently. Compare to S7 coupon price, its a much higher investment.

And really you should not be mining anything at 21 cents. This thread is all about that your killing your ROI by mining with such high electricity price.

a six gpu right cost you around 2500-3000 max, this is 5 antminer s7 right?

but you need to compare also the consumption

5 antminer consume 6kw, against 1kw for the six gpu miner, 5 antimer s7 earn you around 0.07, a sig gpu miner earn you the same basically(2 ethereum a day= 0.058)

For the time being, it is very profitable for GPU mining of the Etheruem. If it becomes not profitable, you can sell the cards.

This is true but I just have trouble going back to GPU, and it could just be a personal thing. I can remember selling off my rigs before when I stopped GPU mining a ways back..... that is a good amount of ebay sales. So you counting on a lot of good buyers and not crap ones, not to mention dealing with low ball offers, shipping, etc.

If Etheruem has problems and you do need to sell, you also compete against all the others getting out of mining it. That is part I really don't like. A LOT left gpu mining around the same time with asics and you were selling cards cheaper due to volume of sellers. So .... again not fun.

Also GPU time I had to babysit a lot more then I do with my asics. I have had some asics hit a month + without me touching them. I had a lot more time then this monitoring my GPU rigs.

I'm not saying I won't try it if I see a long term mining, that I can believe in. But I'm not to that point yet personally.

with bitcoin asic it's the same you're competing every 3 months with the other asic, before your is obsolete again, there is onyl a small window of profit with bitcoin, from when the miner are available

the good thing about gpu is that they do not depreciate so quickly like asic sha256 or any asic if anything

The only problem is that a GPU is not built to be at near 100% load for extended periods of time, and often what happens is over a period of a month, even well-cooled gpus will start having the effects of heat and components will begin to degrade. I've had a dead R9 270X once mining ethereum for only 2 months. Thus most people buying gpus ask what it was used for if they're buying used gpus, and most people are unwilling to buy gpus used for mining as they know mining will shorten a gpu's life drastically. Unless the buyer is really desperate, few people will buy a used mining gpu as the wear can get pretty bad mining ethereum and other altcoin.

you can send them back for free, amazon can cover your ass for one month, for free, this is true for asic also, bought from them, that's why i order everythign from amazon, not to mention the retailer can cover you for two years

leowonderful

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Quote from: Amph on April 04, 2016, 01:22:54 AM

Quote from: notlist3d on April 03, 2016, 08:41:25 AM

Quote from: apriyoni on April 03, 2016, 05:50:12 AM

Quote from: notlist3d on April 03, 2016, 12:13:49 AM

Quote from: apriyoni on April 02, 2016, 02:29:50 PM

Even with S7, he would lose money at 21 cent/kWh. He could have made some money by mining Ethereum.

But add up cost of 6 GPU rig with nice GPU's.... it's pricey. Do you believe enough in a in a alt this much? Could be a 2 grand guess depending on cards. I personally sold most of my GPU's long ago and worked out well. I am hesitant to spend big and build nice rigs on a alt currently. Compare to S7 coupon price, its a much higher investment.

And really you should not be mining anything at 21 cents. This thread is all about that your killing your ROI by mining with such high electricity price.

a six gpu right cost you around 2500-3000 max, this is 5 antminer s7 right?

but you need to compare also the consumption

5 antminer consume 6kw, against 1kw for the six gpu miner, 5 antimer s7 earn you around 0.07, a sig gpu miner earn you the same basically(2 ethereum a day= 0.058)

For the time being, it is very profitable for GPU mining of the Etheruem. If it becomes not profitable, you can sell the cards.

This is true but I just have trouble going back to GPU, and it could just be a personal thing. I can remember selling off my rigs before when I stopped GPU mining a ways back..... that is a good amount of ebay sales. So you counting on a lot of good buyers and not crap ones, not to mention dealing with low ball offers, shipping, etc.

If Etheruem has problems and you do need to sell, you also compete against all the others getting out of mining it. That is part I really don't like. A LOT left gpu mining around the same time with asics and you were selling cards cheaper due to volume of sellers. So .... again not fun.

Also GPU time I had to babysit a lot more then I do with my asics. I have had some asics hit a month + without me touching them. I had a lot more time then this monitoring my GPU rigs.

I'm not saying I won't try it if I see a long term mining, that I can believe in. But I'm not to that point yet personally.

with bitcoin asic it's the same you're competing every 3 months with the other asic, before your is obsolete again, there is onyl a small window of profit with bitcoin, from when the miner are available

the good thing about gpu is that they do not depreciate so quickly like asic sha256 or any asic if anything

The only problem is that a GPU is not built to be at near 100% load for extended periods of time, and often what happens is over a period of a month, even well-cooled gpus will start having the effects of heat and components will begin to degrade. I've had a dead R9 270X once mining ethereum for only 2 months. Thus most people buying gpus ask what it was used for if they're buying used gpus, and most people are unwilling to buy gpus used for mining as they know mining will shorten a gpu's life drastically. Unless the buyer is really desperate, few people will buy a used mining gpu as the wear can get pretty bad mining ethereum and other altcoin.

Amph

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Quote from: notlist3d on April 03, 2016, 08:41:25 AM

Quote from: apriyoni on April 03, 2016, 05:50:12 AM

Quote from: notlist3d on April 03, 2016, 12:13:49 AM

Quote from: apriyoni on April 02, 2016, 02:29:50 PM

Even with S7, he would lose money at 21 cent/kWh. He could have made some money by mining Ethereum.

But add up cost of 6 GPU rig with nice GPU's.... it's pricey. Do you believe enough in a in a alt this much? Could be a 2 grand guess depending on cards. I personally sold most of my GPU's long ago and worked out well. I am hesitant to spend big and build nice rigs on a alt currently. Compare to S7 coupon price, its a much higher investment.

And really you should not be mining anything at 21 cents. This thread is all about that your killing your ROI by mining with such high electricity price.

a six gpu right cost you around 2500-3000 max, this is 5 antminer s7 right?

but you need to compare also the consumption

5 antminer consume 6kw, against 1kw for the six gpu miner, 5 antimer s7 earn you around 0.07, a sig gpu miner earn you the same basically(2 ethereum a day= 0.058)

For the time being, it is very profitable for GPU mining of the Etheruem. If it becomes not profitable, you can sell the cards.

This is true but I just have trouble going back to GPU, and it could just be a personal thing. I can remember selling off my rigs before when I stopped GPU mining a ways back..... that is a good amount of ebay sales. So you counting on a lot of good buyers and not crap ones, not to mention dealing with low ball offers, shipping, etc.

If Etheruem has problems and you do need to sell, you also compete against all the others getting out of mining it. That is part I really don't like. A LOT left gpu mining around the same time with asics and you were selling cards cheaper due to volume of sellers. So .... again not fun.

Also GPU time I had to babysit a lot more then I do with my asics. I have had some asics hit a month + without me touching them. I had a lot more time then this monitoring my GPU rigs.

I'm not saying I won't try it if I see a long term mining, that I can believe in. But I'm not to that point yet personally.

with bitcoin asic it's the same you're competing every 3 months with the other asic, before your is obsolete again, there is only a small window of profit with bitcoin, from when the miner are available

the good thing about gpu is that they do not depreciate so quickly like asic sha256 or any asic if anything

notlist3d

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Activity: 1456

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Quote from: apriyoni on April 03, 2016, 05:50:12 AM

Quote from: notlist3d on April 03, 2016, 12:13:49 AM

Quote from: apriyoni on April 02, 2016, 02:29:50 PM

Even with S7, he would lose money at 21 cent/kWh. He could have made some money by mining Ethereum.

But add up cost of 6 GPU rig with nice GPU's.... it's pricey. Do you believe enough in a in a alt this much? Could be a 2 grand guess depending on cards. I personally sold most of my GPU's long ago and worked out well. I am hesitant to spend big and build nice rigs on a alt currently. Compare to S7 coupon price, its a much higher investment.

And really you should not be mining anything at 21 cents. This thread is all about that your killing your ROI by mining with such high electricity price.

a six gpu right cost you around 2500-3000 max, this is 5 antminer s7 right?

but you need to compare also the consumption

5 antminer consume 6kw, against 1kw for the six gpu miner, 5 antimer s7 earn you around 0.07, a sig gpu miner earn you the same basically(2 ethereum a day= 0.058)

For the time being, it is very profitable for GPU mining of the Etheruem. If it becomes not profitable, you can sell the cards.

This is true but I just have trouble going back to GPU, and it could just be a personal thing. I can remember selling off my rigs before when I stopped GPU mining a ways back..... that is a good amount of ebay sales. So you counting on a lot of good buyers and not crap ones, not to mention dealing with low ball offers, shipping, etc.

If Etheruem has problems and you do need to sell, you also compete against all the others getting out of mining it. That is part I really don't like. A LOT left gpu mining around the same time with asics and you were selling cards cheaper due to volume of sellers. So .... again not fun.

Also GPU time I had to babysit a lot more then I do with my asics. I have had some asics hit a month + without me touching them. I had a lot more time then this monitoring my GPU rigs.

I'm not saying I won't try it if I see a long term mining, that I can believe in. But I'm not to that point yet personally.

apriyoni

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Activity: 308

Merit: 250