Topic: 50 GPU Mining Farm Earns Less Than $10 A Day - VoskCoin Mining Farm Profits (Read 2716 times)

yes I agree, however if you haven't already done well prior or bought into super cheap used equipment I do not think it is very appealing especially @ the rate asic miners have been rolling out this year . .

Or another way steel power from neighbor . ha

Guys,

You are not looking in the right places.
Earning less than $10 a day from 50 gpus !!!

Wow, i earn at least $2 a day from each ryzen i run.
I even have 1 ryzen pumping out $7 a day using 100 watt.... (profit around $6 a day)

Time to find different gpu algos to mine, or sell those gpus for cpus.
Remember there are over 6000 crypto coins, and 92% off all hash is aimed at just 15 coins...think about it.

J

if had enough sucess to weather the storm, i hope haha.  Not the first time this has happened and probably not the last.

Damn

not a side hustle for me.  Been a full time deal for 2-3 years....

Yes, you are making a little profit but what's important is that you are still luckily making a profit in the spite of all this bs that is happening around the crypto sphere. As long as mining is profitable for an individual, I can see this as a nice side hustle

gddr5x for the win baby!

1080 TI have held up excellent compared to most of the other cards in my opinion. Especially if you bought in early when they could be had for $600-$650 online retail w/ a CC or simple sale

Team green wins for resale value

Have the profit gone below $5 yet?

It's very sad to see a "200 mH/s" rig not even making $1 today (on any coin) 

Losing total burritos by the day is a depressing statistic DrG!

Sad to think about that hardware price drop, reference top of ebay search today

haha never a hijack man

Hopefully sooner than later, I want to check it out and would make for some awesome content!

I agree with adaseb on this and do believe that miners have partly caused the value of ETH to trickle down. The selling pressure from all the miners definitely has to have some impact on value and the ETH devs and analysts know this, which is why they have also proposed the reduction of the ETH block reward.

At the end of it all, i'm just happy that the ETH dev team is still working hard on improvements. Surely one day this will all pay off.

Please guys don't spoil our mood here talking about Btrash

Roger has B-cash you have Vosk coin 

How am I similar to Roger Ver :O lol

Grendel25 really nailed it, if someone doesnt think their farm isn't a big time sink (sometimes randomly too) then lets trade farms lol

Before I downsized my farm was much more burdensome, and in this market its better to band-aid something instead of splurging on some sort of upgrade.

Havning a single rig of 9 1060 built in the worst of times (Feb 2018) I'm far from breaking even (mined coins+sale value of cards - cost of cards).
I make use of the 1kW of heat so I deceive myself by not counting the electricity and even then it's a long time before the figures will be black.
I even bought coins for the value of two cards to make the numbers look more interesting (and those coins have not dropped in value, yet)

But it starts to feel a bit stupid to jump between coins when the difference is a few cent per day (time lost by looking at the coin profits is worth more)...

The hope is to (eventually) beat an index fund, but if you start in Feb2018 you have no chance to get into black until the next boom, if there will be one.
I have at least raised the temp in my basement, making the whole house warmer.

I pay 0.005$ per kW so electricity doesn't really cut my gains , still mining till I ROI my cards or profits are less than 5 cents  .

crypto evolving, shows new behaviors. We need to adapt to new one.
Market is not like old. More traders jumping into the network.
So we have to realize our profits sometimes and can try to increase coin amount sometmes by trading too.

Most people assume mining hardware is a fixed sunk cost when it often can be converted back into operating capitol - although at a value lower than acquisition price. As far as I can tell - the only hardware that absolutely becomes trash after 1 year is an ASIC miner. USB risers, motherboards, CPUs, RAM and of course video cards all have some value after 6 months or 12 months of mining.

Every 2 months (or more frequently if the market is crashing) I evaluate if I am losing more in devaluation of my hardware than I am earning mining profits. In Vosk's case he's earning one tasty Chipotle burrito a day - and I'm sure tails takes most of that. But 50 cards may be losing 2 to 3 burritos a day in value.

I think the 1070 and higher cards will hold their value decently well, but the 1060s and 1050s are going to crash hard (4k and 144Hz monitors demand more than a 1060).

But it always must be considered how hard is it to liquidate a video card in a deflating market. Right now it's. In January I was selling 2 year old RX 470s with 1 year of warranty for $450 cash (the nice MSI Gamer X ones, not crappy blower ones) in Los Angeles. I posted them as mining cards and told the buyer the optimal settings I had found.

If you try to sell a card now you'll probably say "was never used for mining" and when they ask you what games you played at Ultra High you say CS:GO 

Solo is quite possible on some dagger hashimoto or cryptonight coins. You can still find a block, you don't need to mine ethereum or monero

That's not true. You are cool Vosk, but yes your cool level a bit below Roger Ver. 
Is someone here realize that Vosk a bit similar with Roger Ver? or may Alejandro Manzano (Boyce Avenue)


Are the rest of your GPU still operated? Or you just put it somewhere with a lot of dust on it? (that's reminded me with a few of my dying GPUs). If it possible, use the rest of your GPU for a small task such as Solitaire nor a bit hard task / doing multitasking Solitaire + Wordpad or notepad. Before all of your card sold.

haha I'm not cool enough to get invited to speak at events still just here on the east coast of usa!

In the video I only showed the numbers for the 42 because it was clear, the other 8 gpus have been bounced around and I didn't have concise numbers for the last 72 hours -- gave the rounded figure w/ 50 in mind

I'm a small miner. I've sold 80% of my GPU with 20% still 'for sale'.
I'm mining with a bunch of Z9 mini which are doing pretty well.
Also sitting on a non-trivial amount of stock (90% BTC).

It's still an active hobby for me, I've just shifted the slaves from GPU, who all served me well, to ASIC.
*shrug*

Don't destroy anything! 

Where's VOSK, by the way? Could he be here?    ==> https://coinsbank.com/cruise-europe#section-speakers meets with John McAfee, Charlie Lee, Roger Ver. 


Yeah, I have asked the same, before. I'm doing solo with almost all of my rigs, my hashrate isn't even a quarter of a dagarair's hashrate. 

Yeah true on all accounts I over simplified.

50ghs is a sick amount of hash , solo should be easy

Well now, it's not quite as simple as seeing $10 on the street and just easily and pleasantly picking it up.  Especially not with a 50 GPU farm setup.  Heck, not even with a 6 GPU garden setup.  There are tweaks, updates, monitoring... things are constantly changing.

It's more like seeing a $10 bill on the road every day and then realizing that you'll have to first go to a computer, google search some things, go to the GPU rig (wherever that may be), tweak this, replace that...

Basically just have to consider the labor that goes into it.  For some that labor is heavy and for some maybe not as much but everyone's time is valuable.

Solo with 50?  LOL You have better odds hitting the lottery.

It's called the safe play.  Hell I have many more than vosk and I would never dare of solo now unless some new coin came out I wanted to destroy.

But in your Excel sheet you show 42 gpus only? Sorry I'm at a noisy place. Am I missed something? I know you are an experienced miner, why aren't you try your luck with solo mining?

Same people who are going to hodl, prices drop they sell. It's easy to hodl when the price is on a rocket, been there done that.

Truth! 

I agree, small miners who don’t dump all thier crypto to pay bills win in these kinda times since its basically a hobby you can affort to sit on ur crypto.   Last time my mistake is  i sold too soon.  thiz time im waiting till btc cressts 30k to sell so i can retire

I mean on other coins, maybe another Ethash coin.
Yeah, sometimes choosing something that we think is more certain might be better. Moreover, you put your trust on ETH future. I like it!  

Miners are the winners here ,when GPU mining ,either making less than a dollar you are still getting coins that will surely double your earnings ,price is down coins are not...sooner or later it will moon.

nah even 50gh is too small in my opinion.  I'd rather just go for the sure thing so to speak lol.

VOSK sorry to hijack lol!  When you coming to my facility fooker!

How about solo mining? Have you ever felt interested in doing solo mining? With your current Hashing speed, I sure you have more choices.

MEGA profit!

Those are all mine.  I have a client with 42 or so gh as well.  Another that just sent 200 S9 and 100 ltc.  They have not arrived tho.  A few others in here too.

With 50 GHs on Ethash, seem good! 
Are all that machines is yours? Or your client? Since I know, you were offering a hosting service, Minerdude right?

Have you tried for solo mining? e.g., on another Ethash coin (other than ETH)

I have a few asics for LTC and BTC but rest machines.  here is a link of my building =)

https://bitcointalksearch.org/topic/a-man-a-dream-and-a-4mw-facility-my-journey-setting-this-badboy-up-4789787

I was contemplating splitting some into monero as I got about half machines AMD the others nvidia.

crazy , well you could move maybe 20% of them to monero ,

personally i have 40 machines and i have 10 on awesominer mining btc via profit switiching 20 on monero and 10 on eth

No asics.  All machines.  I am still optemistic on eth so thats what i mine.  Jumping from coin to coin daily is just not worth it for me as i have too many machines to move even in linux with a global change. 

xrp is $20 more profitable than eth atm and this diffeence will grow with the new
monero fork in the next few weeks.

Eth mining is Asic anyways , 60 percent i suspect is asics , All these asic owners will be dumping what they mine even harder now , think aboit all the inno Asics pre ordered aboit to hit the network soon.

glad i own gpus not asics , flexibility is important in down turns

There will be more goldman sach days ahead that is for sure.  While grim crypto is down down 90% of alt for a lot of coins, if or once this turns around i can see mining turning aroumd again as well.  Just got to stick through the mud to get there again

50gh on eth thats asics? , I like this drop since asics can only mine eth ,
hope it goes to $100 so those E3s become papper weights while we switch to monero

i don't think ETH will survive this dump, and in the unlikely situation that it survives,  i expect no more than 400$ by the end of the year and i'm being very optimistic.

Forget my predictions on my signature. They were too optimistic.

Don't get stuck in Ethash algo, try mining Shitcoins (SoloMining), although it's a bit tricky when calculating and predicting, I feel this strategy is quite profitable when compared to mining in Ethash.

I will not dump the coins I mine. I bearly make any profit with high electricity price.

I wouldn't. I just don't like ETH anymore. The chain is bloated, the devs don't know what they want, keep pushing back on deadlines, and to top it off, are still unable to distribute a working core wallet. The latest version does not allow you to send coins or tokens. Go figure.

If I was able to sell the ETH that are stuck in my wallet, I'd buy XMR. Or RVN. In a heartbeat.

Well if they are dumping coins then it means they have a better thing to invest or they think nobody will buy altcoins now and will not give any return to them and the money will be idle, funny though, when the dump starts then only dumps, when the pumps starts then only pumps, people know that and the reason they start buying few months prior to the next 50x earnings cryptocoins give 2 to 4 years.

People have to accept any loss they had in their minds but the truth is, you only lose when you sell and if people bought for example bitcoin for $20k and sell now, that is 66% less money, so they have to hold out for the good times.

Key though, you are still earning 10$ a day.  Yeah it sucks but if you saw 10$ in the street you wouldn't walk over it would you?

I have 50gh on eth and seeing that price drop is very crappy, damn you goldman sachs!  It will recover and honestly if i had extra $ i'd buy all the eth i could.

Totally False.

If you had sold all your GPUs one year ago (early Sept 2017), you would have been able to to buy coins at a price at, or lower than, what they are today (BTC was trading in the $2k region, ETH was trading almost exactly where we are now in low $200's). If you had bought coins and then sold at or near the highs which didn't come until December for BTC or January 2018 for ETH, you would have made way more than you could possibly mine in that same short time period. Also selling at the highs and re-buying now again at your original entry point, you would have not only made a ton of money, but also been able to buy back all your original coins. So no matter what you would have been in a better postillion than simply mining.

People who bought rigs one year ago and mined may have made a bit of profit during the run-up, possibly even paying off their gear, but they didn't make the equivalent to what someone who stuck to coins would have.

The only miners who really came out are the ones who were mining way before the start of 2017, when you could mine a block (5 ETH) every day or two with just one rig. So even people with a modest 3-4 rig setup were probably mining 10 ETH per day on average or 300 ETH per month. Yeah, they made out real well if they had the patience to wait it out and sell off near the top. Even selling at $1k per ETH would have made them a tasty $300,000 return on their 1 month pre-2017 mining. But miners just getting in mid-2017 the difficulty was already ramping up they might have had a month or two of profits, but that quickly dried up. Also the block reward reduction from 5 ETH to 3 ETH further put the pressure on profits.

This is the perfect example on why people are not buying eth right now, they think those stupid people who bought thousands of dollars in mining equipment will have to sell their eth regardless of the price to pay the bills ehhe, funny is after they sold all their eth and quit mining then eth goes back to 1500 usd and up hehe and then those stupid people want to get back and mining and the cycle restarts hehe, they will never learn their lesson hehe

They must never sell their eth at his price, they should right now get a new loan and use it to pay the debts they have then as eth gets back to 2k plus usd then they can sell.

Such conversations occur every year.
I think mining on the GPU/CPU will never die. New coins come out, new algorithms appear only under the GPU or the CPU.
Video cards can mine everything, they are omnivorous, unlike ASICs.
And in the mining on video cards there is a share of enthusiasm...I like it.
Honestly, I never used my RIGs to make profit. I never sell new coins on next day. I'm watching the launch of new altcoins, mine them and HODL.
 

I'm still making money after power costs; even on CPUs -- still going at it.

Yep and those people won’t be back.  Keep this shit up and the users of crypto will beg for regulation.  Problem with price is this system is running out of fools.  End game is for a cheap reliable way to transfer money.  If the price is at moon how will it be economical.  Stop fooling yourself into thinking you will get rich.  Their is far smarter people with more money than they know what to do with.  They are reading these posts and laughing at our expense.  It’s a shameful act but such is life.   And those of you laughing at bitmain. Soon you will be in the same predicament. If bitmain cant figure it out. What makes you so sure you have it figured out.   Buyer Beware!!!

Action and reaction.

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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