Topic: 50 GPU Mining Farm Earns Less Than $10 A Day - VoskCoin Mining Farm Profits - page 4. (Read 2730 times)

Oh, you have 68K subscribers, you are popular on youtube Congrats... Liked your video.
Bitmain made asic miners for ethereum and other altcoins but GPU mining will not end in near future. Personally the only GPUs I would hold currently would be Nvidia's cards like gtx 1070 and up. Did you remember that ROI for gtx 1080ti was 2 month at the moment in winter? They worked amazingly for NeoScrypt coins as I remember so there will come time when their price go up and GPU (especially Nvidia) mining will become more profitable than asic for ethereum and so on.

I assume that you are not a miner or maybe already sold all the GPU 


And of course, isn't surprised when Metroid talking about GPU mining. 

Great initiative to make this video telling the truth about the current state of cryptography mining, most people only create videos showing it off when they are making money. This video will show them that mining is over and the only way is to buy cryptocoins.

jajajajajaja

I still remember some guys saying that they were mining at a loss and would continue doing it. Prices dropped more and they gave up. There is no biggest power than seing $ going out of your pocket to understand you were in a huge error.

Please, tell this stupid guy to turn them OFF.

I agree that in general, GPUs mining might "dying" nowadays, that are measured by hows most miners doing mining. Let's say, most miners doing pooled, and doing mining on (public) most profitable coins (-that appear on coins profitability sites). And also the average of miner's electricity cost, and some other thing. Correct me if I'm wrong!

For a few miners (farmers or even home miners), there still some space for them. They still get enough profit. I'm not talking about bullshit, I'm still on the green zone so far with my mining way.

I don't want to say that this is easy. That was so hard, yes or maybe a bit hard.  I'm just doing this:

(FYI, I'm taking daily profit from my miner activity)
Find some coins that already have a price, Old nor new one coins it's no problem, then calculate the coin profitability for solo mining. ([Global Hashrate + Difficulty], block time, price, and some other thing) Needed on calculation. When you have the result, you are ready to go. I'm not using all of my rigs for one-coin solo mining (depend on the calculation result). Sometimes I was splitting my rigs to be a few groups, e.g., four rigs for "A" coin, another four for "B" coin and so on.

If you think 4-5 standard rig (6 GPUs each rig) can't doing solo mining (-for old nor new coins) and then getting some profit, you are wrong. 

Profits have dropped off really fast lately as most people have already ROI on their gear and selling at anything above the price of electricity.

I think the reason why we are getting such a drop is because people are sitting at negative ROI and it leads to these sell pressures.

Basically if you ever frequent the ethereum reddit most people on there basically dump their ETH for USD as soon as they get a payout from the pool because they need to pay for their 1080Ti and their electricity.

In a panicky market such as today, there are less willing buyers but the same amount of miners which dump prematurely and cause these huge 25% declines.

Also there are people who bought all their GPUs on Newegg and bought $20K worth of equipment and are paying interest at 20% APR which is like $300 a month in interest which isn't even enough from their mining profits. The same happened in 2014.

yeah , who would have thought we would see such a drop, the people who bought gpus at decent prices
i.e close to retail are the only ones who might survive by selling off gear. 

everyone else is getting reckt.

good thing that comes out of this is if this lasts another year shitmain might go bankrupt , from what i hear they are quite overextended, put in too many orders for thier shity chips. 

1 Word.  ok its not even a word..  HODL.

I feel the pain on the gpu (and asic) farming, we need to make mining great again.  

A year ago people said dont buy GPU/ASIC, take the money and invest it in the coin instead.  I didn't listen, I doubled down....

Well if you had followed that advice to take the same money instead of buying mining equipment, just buy coins at the prices a year ago --- you would of lost 60-70% of that investment.   At least putting it into mining hardware, you have some coin, some experience (that will help in some way some day in a career, or side project), and you can keep running it in the 'red' and HODL.  Don't bother trying to sell the gear on ebay - its like trying to sell your coin at the bottom, its just too late.  Ride it out.

It's time to get rid of quick profit looking greedy people.   Sell your stuff, while you can

Reminds me of early 2015.
You want my bad advice?
Stick it out.
Accumulate coin.

RIP everyone. I'm sticking through it however.

There are 50 Graphics Cards mining in my voskcoin mining shed, and after paying my electric bill I am earning less than $10 dollars per day in September 2018.

https://youtu.be/3dpJnw8q3J8


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I review the profitability of my mainly GPU mining farm and why I sold my Bitcoin ASIC miner. I review the mining profitability of LOKI Network as well as AION mainnet and Ethereum Classic. I also discuss the main cryptocurrencies that I am currently holding which include but are not limited to ZenCash/Horizen, LOKI, AION, Bitcoin, NEO, Ontology, Ravencoin, Ethereum, Ethereum Classic, and several others.

Is GPU mining dead / dying? Time will tell however with the recent abandonment of most Equihash coins in regards to their GPU miners as well as the Ethereum Devs. . it is not looking good.

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