At today's prices it would take 10 months to pay back 1 1080ti before you made $ - page 3.

Digital Drug Lord

member

Activity: 308

Merit: 12

Quote from: Metroid on January 23, 2018, 11:31:07 PM

Quote from: adaseb on January 23, 2018, 11:01:49 PM

You guys are all doing it wrong.

Instead of paying $1500 for a 1080ti to make $5/day

You should just get an 7970/280X from Craigslist for like $150 and make $2.5/day

In days like these all the legacy gpus like the Pitcairns and Tahiti's make the most sense.

No point teaching what profit means to the stupid, I guess they like to pay $1500 for a gtx 1080 ti and say to everybody they paid $2000 for it and then try to sell to the next idiot for $3000 and $3000 is titan v but no, they dont want that, they want to pay $2000 for a $700 card, that probably will mean status to their idiotic action.

you cant even get the titian V right now.

how many 1080tis = 1 titan?

$3000 is alot for a card. I dont see it on whattomine, so its hard to say how much it could make me. I like to make educated purchases and really study and read reports before I spend alot.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: MagicSmoker on January 24, 2018, 12:33:35 PM

Quote from: philipma1957 on January 24, 2018, 12:05:24 PM

Quote from: MagicSmoker on January 24, 2018, 09:39:12 AM

Quote from: Shnikes101 on January 24, 2018, 09:33:12 AM

There's a reason some guys here are starting to thin out their farms and sell gpus
...

Yep, I took notice of that too; if the veteran (or should I say, the hero/legendary) miners are selling their GPUs then maybe it isn't such a good time to be buying...

no

it is not good to be paying 1200 plus for a 1080ti
it is not good to be paying 800 plus for a 1070ti
...
I always make effort to not gouge when i sell my cards. So do I think you should buy at high prices no. Not when people like me sell at a small markup .

Oh, I don't blame you one bit for selling off excess cards right now - and I don't think you are charging an unfair price for your cards given the current state of the market (unlike that dude who wants 1.5 BTC for 10 used Vegas... that's definitely shakedown pricing, there) - rather, I was just observing that if people like you are selling cards then it is at least in part because you think you'll get more of a return from selling it rather than mining with it.

If everyone was dumping their cards on the open market and used prices were <50% of new then I suspect you wouldn't choose to sell off your excess cards, even if you don't have the electrical capacity to run them, am I right?

I don't sell cards at a loss. Now I may count mining earned from cards in order to say that .

So you are correct if my cards commanded 350 plus 150 mining = 500 and I paid 560-590 for them I would not sell them.

I would lower tdp to the lowest possible number on every card I had to get cap power wise and sell later.

Part of my business model it to sell cards off 1 or 2 times every year. and always at profit not loss.

so all 12 were 560-590 a card cost and I sold all 12 at 600 - 615 sold with free shipping that is is a tiny profit under 20 a card so 12 x 20 = 240 and about 12 x 150 = 1800 for mining total of 2040 -140 in power I made 1900 on the 12 cards.

I also paid with 6 months credit from paypal so for 0 out of pocket I made the 1900.

risks are total collapse in price. I have cash on hand to pay the 12 cards that were on credit so that risk was small.

with 1900 net profit I can wait for a good price on me gear later. while the 13 gpu rig continues to mine.

Vann

hero member

Activity: 1036

Merit: 606

The last Nitro+ RX 580 8GB. I bought from Newegg was last month at $279, which is about what they had been going for from online retailers. I bought several others over the last 6 months from Newegg and others. The highest price I paid was $289. The current price is almost double what I last paid.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Vann on January 25, 2018, 12:07:07 PM

Looks like Newegg has joined the gouging party, $520 for a Sapphire Nitro+ RX 580 8GB, sold and shipped by Newegg. If this keeps up they may start trading GPU's instead of coins. LOL.

https://www.newegg.com/Product/Product.aspx?Item=N82E16814202280

Newegg has been high priced on the AMD side at least since this summer.
Just not *AS* high priced as some of the gougers.

gotminer

member

Activity: 644

Merit: 24

Quote from: Rasanders22 on January 25, 2018, 01:12:19 PM

Quote from: gotminer on January 25, 2018, 12:54:40 PM

Quote from: puwaha on January 24, 2018, 01:03:33 AM

Quote from: ltcsprite on January 23, 2018, 07:23:37 PM

10 months to completely get your money back?

Sounds like a fuking STEAL.

Tell me one other business venture you can capture your money back in 10 months.

Name one boys.

PS. this same shortage happened during the summer and people claimed you would never get your money back at that rate.

Most are mining for the wrong reasons: money.

Selling drugs has a much better ROI than mining.

Lol. Isn't that the truth.

We're not exactly serious. Laughing because of the OP's forum name.

Rasanders22

jr. member

Activity: 67

Merit: 3

Quote from: gotminer on January 25, 2018, 12:54:40 PM

Quote from: puwaha on January 24, 2018, 01:03:33 AM

Quote from: ltcsprite on January 23, 2018, 07:23:37 PM

10 months to completely get your money back?

Sounds like a fuking STEAL.

Tell me one other business venture you can capture your money back in 10 months.

Name one boys.

PS. this same shortage happened during the summer and people claimed you would never get your money back at that rate.

Most are mining for the wrong reasons: money.

Selling drugs has a much better ROI than mining.

Lol. Isn't that the truth.

But you don't risk going to jail mining. Unless you don't pay taxes.

gotminer

member

Activity: 644

Merit: 24

Quote from: puwaha on January 24, 2018, 01:03:33 AM

Quote from: ltcsprite on January 23, 2018, 07:23:37 PM

10 months to completely get your money back?

Sounds like a fuking STEAL.

Tell me one other business venture you can capture your money back in 10 months.

Name one boys.

PS. this same shortage happened during the summer and people claimed you would never get your money back at that rate.

Most are mining for the wrong reasons: money.

Selling drugs has a much better ROI than mining.

Lol. Isn't that the truth.

NewJoe

newbie

Activity: 10

Merit: 0

Don’t pay inflated prices for your gpu’s. With patience and luck you can buy them for msrp.
I purchased 6 1080’s last night from amazon
3 asus 1080 turbo for 530 each and
3 asus 1080 rog strix for 580 each.

They won’t be in for a week or two, to me that’s worth the wait.

Vann

hero member

Activity: 1036

Merit: 606

Looks like Newegg has joined the gouging party, $520 for a Sapphire Nitro+ RX 580 8GB, sold and shipped by Newegg. If this keeps up they may start trading GPU's instead of coins. LOL.

https://www.newegg.com/Product/Product.aspx?Item=N82E16814202280

GreenDust

newbie

Activity: 17

Merit: 0

Quote from: Dtrucksguitarfan on January 24, 2018, 09:51:10 AM

Quote from: krakenmining on January 24, 2018, 09:50:08 AM

Quote from: Digital Drug Lord on January 23, 2018, 04:21:25 PM

How can a miner get mining in 2018? Prices are just to high

I drove 3 hours one way to get 8 1070tis from a microcenter, in the snow.

Both Ways? Grin

Up the hill? Barefoot? Cheesy

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: hawkfish007 on January 24, 2018, 11:15:10 AM

How does the power usage and hash rate compare between 1080 ti and 270x/280x? Most people buying 1080 ti paying $.20/kWh or more and not everyone is lucky to be from rural settings where power cost mere $.05 or less. And most can assume those 270/280s were used for mining purposes, what is their expected lifespan without any support from sellers or manufacturers. I sold off my 290 and 390s in favor of Fury with modified ROM and 1080 Tis because of how efficient they are and I pay over $.20/kWh and mining is still profitable for me

280x is rough ballpark a 300 sol/sec card on equihash as I recall from some of my testing.
Under 15 Mhash/sec for ETH in the short time I tried it on that.
Stocks card, BIOS upgrades might have helped some.
I didn't check power usage, but I would GUESS 150-200 watt ballpark.

If you are paying over 20 cents/kwh you're in one of the HIGHEST price areas of the US - the NATIONAL average is closer to 12 (I can't remember if it finally went over or is still a little under offhand) and you don't need to be "rural" to get to 5 cents/kwh or a bit under.
Moses Lake, Wenatchee/East Wenatchee, Ephrata, and Quincy aren't BIG cities, but they're definitely not "rural" - and there's at least one part of the Spokane metro area (the service area of a small electric utility company called MECRO or something like that in the Spokane Valley suburb) that's also under 5 - and that's just the areas I know about personally and talking residential or SMALL business (general service) rates + taxes + fees.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: hawkfish007 on January 24, 2018, 11:15:10 AM

Quote from: adaseb on January 24, 2018, 02:55:16 AM

Quote from: QuintLeo on January 24, 2018, 01:34:57 AM

Quote from: adaseb on January 23, 2018, 11:01:49 PM

You guys are all doing it wrong.

Instead of paying $1500 for a 1080ti to make $5/day

You should just get an 7970/280X from Craigslist for like $150 and make $2.5/day

In days like these all the legacy gpus like the Pitcairns and Tahiti's make the most sense.

I can't remember the last time I saw a 280x or 79xx ANYTHING on Craigslist.
Definitely months, but more likely a year possibly 2.

Ditto R9 ANYTHING except for one listing for a WAY EXPENSIVE R9 290x at something like $600 a couple months back, and a listing for a pair of R9 290 (not x) around a year back in the $350 each range but I was never able to get in contact with THAT seller.

For some reason the 7970/280x are easier to find. I am assuming most newbies don't think its possible to mine anything with them.

Here is even an individual on Bitcointalk classifieds thats selling some

https://bitcointalksearch.org/topic/wts-amd-r9-280x-160-and-amd-hd-7950-130-shipping-to-the-usa-only-2663849

$130 for a 7950/ $160 for a 280x.

Seems fair and a much better deal than a $1500 GPU.

Found some on Craigslist and eBay also for a similar price.

The r9 270x are also easy to find.

How does the power usage and hash rate compare between 1080 ti and 270x/280x? Most people buying 1080 ti paying $.20/kWh or more and not everyone is lucky to be from rural settings where power cost mere $.05 or less. And most can assume those 270/280s were used for mining purposes, what is their expected lifespan without any support from sellers or manufacturers. I sold off my 290 and 390s in favor of Fury with modified ROM and 1080 Tis because of how efficient they are and I pay over $.20/kWh and mining is still profitable for me

Right now since mining is so profitable. The power consumption should not be a big influence.

The 7970/280x gets like 200 Watts on Equihash and about 150 Watts on Cryptonight.

jrrccmining

newbie

Activity: 33

Merit: 0

Quote from: Metroid on January 23, 2018, 05:37:57 PM

Quote from: PKBO on January 23, 2018, 04:36:07 PM

look 3 months back, 5 USD with 1080ti was normal... than it boosts up to 15...

Who is making $15 per day mining with a gtx 1080ti? the thing is barely making $5 and a gtx 1080 is being sold for $1200, using the calculator + total cost will return your investment in 400 days.

This is a result of timing, and not anything else. People who derided and questioned mining and it's profitability for literally years are now finally figuring out that people have been been making a lot of money doing it. They are late to the party and are paying a premium for almost every single part you need to build a rig because of supply shortages.

I paid $139.99 for my ASUS B250 motherboards, $479.99 for my ASUS 1070Tis, $529.99 for my ASUS 1080s, and 749.99 for my ASUS 1080Tis, they ALL ROI'd in under 8 weeks because of timing.

When you are late to the party, it's impossible to immediately have the same amount of fun as the people who have been there for months/years.

All that being said, a 9/10-month ROI (1080Ti is currently about 285 days mining ZCL) on hardware for mining is still worth it IMO if you are serious about mining.

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

I had 20 rigs with 6 of 580 8GB cards for each rigs now, I this price and diff hope I can get my capital back after 6 month if everything same right now.
All equiments increased so crazy now. It's too much risk for new comers.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: philipma1957 on January 24, 2018, 12:05:24 PM

Quote from: MagicSmoker on January 24, 2018, 09:39:12 AM

Quote from: Shnikes101 on January 24, 2018, 09:33:12 AM

There's a reason some guys here are starting to thin out their farms and sell gpus
...

Yep, I took notice of that too; if the veteran (or should I say, the hero/legendary) miners are selling their GPUs then maybe it isn't such a good time to be buying...

no

it is not good to be paying 1200 plus for a 1080ti
it is not good to be paying 800 plus for a 1070ti
...
I always make effort to not gouge when i sell my cards. So do I think you should buy at high prices no. Not when people like me sell at a small markup .

Oh, I don't blame you one bit for selling off excess cards right now - and I don't think you are charging an unfair price for your cards given the current state of the market (unlike that dude who wants 1.5 BTC for 10 used Vegas... that's definitely shakedown pricing, there) - rather, I was just observing that if people like you are selling cards then it is at least in part because you think you'll get more of a return from selling it rather than mining with it.

If everyone was dumping their cards on the open market and used prices were <50% of new then I suspect you wouldn't choose to sell off your excess cards, even if you don't have the electrical capacity to run them, am I right?

mediaboy

newbie

Activity: 16

Merit: 0

Quote from: Metroid on January 23, 2018, 05:37:57 PM

Quote from: PKBO on January 23, 2018, 04:36:07 PM

look 3 months back, 5 USD with 1080ti was normal... than it boosts up to 15...

Who is making $15 per day mining with a gtx 1080ti? the thing is barely making $5 and a gtx 1080 is being sold for $1200, using the calculator + total cost will return your investment in 400 days.

If you are paying 1200 for gtx 1080 the joke is on you. I spent less than that on TWO 1080 gpu's. ROI would be around 5 to 6 months.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: zer0k on January 24, 2018, 11:55:47 AM

If you are making less than $10 a day with a 1080ti you're doing it wrong!
And $10 are my bad days, with $20 being average and hitting $40+ on the really good stretches.
Mining shit off the first page of WTM, or using nicehash is lazy!
...

I'm sure you don't want to name any specific coins, but as someone who doesn't know any better than to check WTM, where are you finding such outrageously profitable coins? And are these coins listed on any exchange, because if you can't buy things with them or sell them for fiat then the profit is merely theoretical.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: MagicSmoker on January 24, 2018, 09:39:12 AM

Quote from: Shnikes101 on January 24, 2018, 09:33:12 AM

There's a reason some guys here are starting to thin out their farms and sell gpus
...

Yep, I took notice of that too; if the veteran (or should I say, the hero/legendary) miners are selling their GPUs then maybe it isn't such a good time to be buying...

no

it is not good to be paying 1200 plus for a 1080ti
it is not good to be paying 800 plus for a 1070ti

I sold 9 1070ti's hybrid
I plan to sell 3 more 1070ti's hybrid's about 600 to 650 each.

My reasons are simple.
My garage has a hard cap of 1x

30 amp 240 volt circuit

about 5000 watts

I got this in:

https://www.youtube.com/watch?v=9a5zXdRMxxc

pulls 1100 watts or 9-11 1070ti hybrids set to 105 watts

so my math is simple sell off all 12x 1070ti hybrids

and I am back under my power cap.

At the moment evga sells the 1070ti hybrid for 580 + 30 to ship = 610

sold out.

I paid 560 + 30 = 590 for mine

So if I get from 610 to 650 for 2-3 month old cards I break even on all of them.

Other then my mining earnings of about 150 a card. so far 9x150 =1350 profit

lots of bigger farm guys are really selling at stupid high prices on ebay.

no one offers the evga 1070ti hybrid at 775 anywhere. most are 799 to 1050 a card.

truly nut job price.

I always make effort to not gouge when i sell my cards. So do I think you should buy at high prices no. Not when people like me sell at a small markup .

If no one wants the last 3 1070ti hybrids. I will simply mine them and set my clocks a tiny bit lower.

If some one wants them at a more then fair price they are right here.

zer0k

sr. member

Activity: 349

Merit: 250

Quote from: Metroid on January 24, 2018, 11:57:19 AM

Quote from: zer0k on January 24, 2018, 11:55:47 AM

So even at today ridiculous prices your return on capital is no where near that bad if you can sustain $10/day

$699 RRP would be ~70 days
$1000 infalted price would be ~100 days
$1500 gouge would be ~150 days

Where are you getting 10 months from?

You are doing it wrong, those 70 days mean 700 days. You trolls never get it right.

Huh??

https://whattomine.com/coins/212-lux-phi1612?utf8=%E2%9C%93&hr=37.0&p=220.0&fee=0.9&cost=0.1&hcost=700.0&commit=Calculate

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: zer0k on January 24, 2018, 11:55:47 AM

So even at today ridiculous prices your return on capital is no where near that bad if you can sustain $10/day

$699 RRP would be ~70 days
$1000 infalted price would be ~100 days
$1500 gouge would be ~150 days

Where are you getting 10 months from?

You are doing it wrong, those 70 days mean 700 days. You trolls never get it right.

Topic: At today's prices it would take 10 months to pay back 1 1080ti before you made $ - page 3. (Read 1840 times)