What is the possibility of deal failure? Are most miners lose or win? Why should the difficulty be changed? Who controls it?
Dear mods please stop moving the topic, no altcoin talks is here.
Topic: . (Read 237 times)
No any risk, just but GPU and get profit every day!(joke)
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
Ahh I have had 500 gpus since 2012 and very few died.Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
most covered via warranty.
PSU can burst up and bring down GPUs with it? I've never seen this happened before and I've been mining for a very long term, maybe it's possible on Chinese OEM PSU I can't say but I use Corsair power supply
Yes, it is. My friend lost 3 GPU in such way. 2 GPU were broken by Aerocool, 1 GPU by Corsair. I don`t remember the full situation, but he could not even get warranty payment. 
Well it could shift as low as 1 usd a card or move to 20 usd a card. Maybe 25 a day.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
This is going toward that way.I see everyday for the same hashrate lower rewards in mining Ethereum or any other coin we mine.That means the difficulty is increasing daily and the rewards will come down with the passing of time.Unless the difficulty decrease this will be the situation and the real value is in the power cost.We use 6 cent power cost and it is 0.42 for a card or 2.10 usd daily so for the moment we make 500 or more dollars monthly by mining Ethereum with 280 Mhsh hashrate.
However we have stopped buying new cards because of the rewards going down daily so the risks are real.
In my opinion your biggest risk right now is the depreciation of the GPUs if you overpay for them. I’ve mined thru many cycles and it was very hard to lose money because you could always resell the GPUs.
However now it’s different because people are paying over 4 figures for GPUs. Back in my day a GPU costing $300 was considered expensive. I think I didn’t pay much more than $200 for a new GPU. And usually a couple years later they were worth at least half.
However now it’s different because people are paying over 4 figures for GPUs. Back in my day a GPU costing $300 was considered expensive. I think I didn’t pay much more than $200 for a new GPU. And usually a couple years later they were worth at least half.
PSU can burst up and bring down GPUs with it? I've never seen this happened before and I've been mining for a very long term, maybe it's possible on Chinese OEM PSU I can't say but I use Corsair power supply
Are you sure Corsair is a good brand for PSU? I've seen a lot of threads on various forum about how their Corsair PSU died and killed various components including the GPU.I appreciate your reply. But we already know that btc will never drop 
and if btc dropped, I'm not the only loser, every one will lose. So Are there any risks other than price dropping?
I appreciate your optimism, but you should be prepared for the bear market just like 2018 where almost everyone went batshit crazy for more than a year or so. and if btc dropped, I'm not the only loser, every one will lose. So Are there any risks other than price dropping?Well it could shift as low as 1 usd a card or move to 20 usd a card. Maybe 25 a day.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
While Ethereum can be mined on video cards, we are unlikely to see such a profit from RTX 3080. It's great that the London hard fork has been postponed to a later time.It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
Are you saving up stablecoins to buy good graphics cards when mining isn't very profitable?
In my country, electricity costs 3-4 cents, so I will be updating my graphics cards.
Will you participate in Ethereum POS Mining?
Will you participate in Ethereum POS Mining? I won't stake but if they have hybrid with pos and gpu's I would
Well it could shift as low as 1 usd a card or move to 20 usd a card. Maybe 25 a day.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
While Ethereum can be mined on video cards, we are unlikely to see such a profit from RTX 3080. It's great that the London hard fork has been postponed to a later time.It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
Are you saving up stablecoins to buy good graphics cards when mining isn't very profitable?
In my country, electricity costs 3-4 cents, so I will be updating my graphics cards.
Will you participate in Ethereum POS Mining?
No any risk, just but GPU and get profit every day!(joke)
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
Ahh I have had 500 gpus since 2012 and very few died.
most covered via warranty.
No any risk, just but GPU and get profit every day!(joke)
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
PSU can burst up and bring down GPUs with it? I've never seen this happened before and I've been mining for a very long term, maybe it's possible on Chinese OEM PSU I can't say but I use Corsair power supply Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
No any risk, just but GPU and get profit every day!(joke)
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
Today you mine 1 ETH per day. It costs $2800. You decide to sell it tomorrow and ETH price change and it costs $1000.
Your PSU burst up and burned 5 GPUs. Yesterday you mined 1 ETH, today - 0.1ETH. And no more ETH until you repair it.
Its just 2 examples of risks you will get every day.
There are tons of risks with mining.
1) Price of the coin you are mining might go down
2) Difficulty of the coin you are mining might go up
3) Your GPU can suddenly just die (or at least your fans)
4) Your rigs can melt some wires and start a wire and burn down your house
5) The coin you are mining might go POS and you can't mine it anymore
etc...
So its definately not risk free. Safer than trading however your profits aren't gauranteed in anyway.
1) Price of the coin you are mining might go down
2) Difficulty of the coin you are mining might go up
3) Your GPU can suddenly just die (or at least your fans)
4) Your rigs can melt some wires and start a wire and burn down your house
5) The coin you are mining might go POS and you can't mine it anymore
etc...
So its definately not risk free. Safer than trading however your profits aren't gauranteed in anyway.
Well it could shift as low as 1 usd a card or move to 20 usd a card. Maybe 25 a day.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
It is at 7 a card.
power cost is 6-7 kwatts
so 30 cent power is 2.10 a card
and 3 cent power is 21 cents a card.
Obvious if you have 3 cent power your risk is very low and if you have 30 cent power your risk is high.
I can tell you dropping to 1 dollar a day for a 3080 in earnings is possible.
Hello 
Just wondering if there is risks with GPU mining. Buying a $2000 GPU and getting $8 per day ( 144% roi / year ) is very unbelievable, there should be risks.
Wondering why i shouldnt buy 20k usd worth of graphic cards now!!??
You have a calculation error.Just wondering if there is risks with GPU mining. Buying a $2000 GPU and getting $8 per day ( 144% roi / year ) is very unbelievable, there should be risks.
Wondering why i shouldnt buy 20k usd worth of graphic cards now!!??
You think that your profit will be constant and in a year you will receive 8 * 365 = 2920 dollars.
$ 7 is a profit from the RTX 3080TI video card, but in my country it costs $ 3000.
With such a purchase price, this video card may not be recouped in 3 years. And don't forget about the rest of the mining farm components.
There is not much difference between buying coins to hold for long term and mining coins, the risk here is volatility in value while mining, meaning if you are earning 20$ per day through mining today it can turn 10$ all of a sudden tomorrow
1. Mining difficulty may increase
2. The coin price may decrease
1. Mining difficulty may increase
2. The coin price may decrease
Hello
Just wondering if there is risks with GPU mining. Buying a $2000 GPU and getting $8 per day ( 144% roi / year ) is very unbelievable, there should be risks.
Wondering why i shouldnt buy 20k usd worth of graphic cards now!!??
Just wondering if there is risks with GPU mining. Buying a $2000 GPU and getting $8 per day ( 144% roi / year ) is very unbelievable, there should be risks.
Wondering why i shouldnt buy 20k usd worth of graphic cards now!!??
Profit can go down, you have no guarantee that you get 8$ a day. But yeah you are the next dude who buy overpriced cards
Buy eth or btc for this money and sell it at the end of the year. You make more profit and you must do nothing.
Of course there are risks. The returns are dependent on the price of the crypto you will mine.
The ROI assumes constant prices. These can go down. On the upside, they can also go parabolic again. Mining is also more about doing it because you'd enjoy putting it all together and managing the requirements. It also gives you something tangible to hold on to with some resale value. (depending on where you live).
You should know though that the prices right now are very inflated due to the demand for mining. Availability can be another issue. If you are in US or Canada, do search for kaboomracks on the forum. (They shud have an ANN somewhere).
The ROI assumes constant prices. These can go down. On the upside, they can also go parabolic again. Mining is also more about doing it because you'd enjoy putting it all together and managing the requirements. It also gives you something tangible to hold on to with some resale value. (depending on where you live).
You should know though that the prices right now are very inflated due to the demand for mining. Availability can be another issue. If you are in US or Canada, do search for kaboomracks on the forum. (They shud have an ANN somewhere).
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