At today's prices it would take 10 months to pay back 1 1080ti before you made $ - page 5.

QuintLeo

legendary

Activity: 1498

Merit: 1030

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.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: mineoneone on January 23, 2018, 07:01:45 PM

Given some of the recent ASIC releases and Volta on the horizon that 10 months could get a hell of a lot longer. On a positive note the release of Volta may see secondhand 1070/80's come onto the market and bring prices down to more sane levels.

Given the Titan V performance, I don't anticipate Volta making ROI significantly longer on Pascal cards - it's looking like a ballpark 20-30% improvement AT MOST, so noticeable but not game-changing.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: VegasJeff on January 23, 2018, 06:12:29 PM

The extreme GPU shortage right now is Insane. Never seen anything like this.

While at first look 10 month ROI looks good, in my opinion, it is very risky. Profitability could be 10% of what it is now in 3 months then how long would it take to get your ROI? Look at what happened when new ASIC's or GPU's hit the market previously. If coin prices go up you will do good but it's very unpredictable.

It's unmatched on the Nvidia side, but it's not much if any worse than the "Litecoin Craze" days on the AMD side.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Digital Drug Lord on January 23, 2018, 05:14:58 PM

Quote from: QuintLeo on January 23, 2018, 04:53:58 PM

It's not 10 month ROI if you avoid paying CRAZY GOUGE PRICING.

10 month ROI isn't all that bad anyway - same ballpark most ASIC miners have been in for a long time - and one HECK of a lot better than *ANY* normal investment can manage.

The past year spoiled a TON of folks with the crazy high returns.

You can't avoid the prices. Unless you buy used. And chances are your buying a video card that has been beat to death.

Plus places aren't offering warranty on video cards. Pny said they can refuse to fix their video cards because of the shortage

Not really. I have seen more money buying come

You CAN avoid most of the gouge with patience.
I almost pulled the trigger on an EVGA 1080 FTW tonight - passed on it due to the "dual 8 pin power" that would not fit into any of my current available GPU positions.
I've also managed to "pull the trigger" on 4 other GPU purchases in the last month before that, despite generally only checking availability once or twice per day at a limited number of spots.

I refuse to shop at places that won't honor warrenttee - places like that are AT BEST too bloody shady to trust, and have a fairly high potential to be outright ripoffs.

PNY can't refuse to honor their guarenttee on cards, unless they want to end up in Federal Court over it - and lose a CHUCK of money and reputation as a result.

puwaha

sr. member

Activity: 700

Merit: 294

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.

ltcsprite

full member

Activity: 269

Merit: 101

Quote from: Metroid on January 23, 2018, 10:41:08 PM

Quote from: BennyT on January 23, 2018, 10:30:06 PM

I don’t understand this people saying a 7-8 month ROI is not a good investment. That’s a GREAT investment. What else are you guys investing that ROI’s so much better than 8 months AND allows you to hold the asset?

Buy the coin is a better investment, you can get your money back 100% in few days, hours or minutes. Mining is a losing game, returns are terrible, 10% in crypto per month is nothing where you can earn 500% in few hours trading back and forth. But don't outdo yourself, I do understand your fear, like most people, compared to what banks pay on your money already there or put your money in a competitive environment/jobs to see returns of 20% per month or higher but lot of work needs to be for that. It's amazing to see how worthless is mining x buying the coin and trading it.

You wouldn't be able to buy many of the coins without mining.

Don't be a fucktard Metroid.

Nothing wrong with a mix of both.

Stop being a dickwad on the forum. Wink

tangonaboat

newbie

Activity: 23

Merit: 0

I started mining around Oct. 2017 and at the time ROI was around 380 days now I’m at around 180 days. To put into prospective I’d like to ask you what other business you can invest in that will get your ROI in 10 months?

I’m a merchant by trade, since submerging myself in the crypto world I feel like a lot of people don’t have an understanding of risks in any situation, all people see are the returns at that moment in time. Nothing is certain so just do your due diligence and adjust to your surroundings, it just might work out.

To the OP, if you’d like to get out of mining let me get dibs on your gpus

Marvell2

full member

Activity: 1148

Merit: 132

buying cards in this price environment is madness

as you can see the price of currencies is tanking eth diff just went up 40th from 165 to 198th

soon gpu prices will drop as revenues from the calculators settle back in to $2 to $3 per card

thats when u want start buying. For now either trade or buy asics

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

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.

BTC22

newbie

Activity: 322

Merit: 0

Quote from: Metroid on January 23, 2018, 10:46:10 PM

Quote from: BTC22 on January 23, 2018, 10:43:13 PM

My buddy's 30 rig 1080 ti brings in almost 10K a month.
6 brings almost $60 a day on nice hash.

Illusions Mister Anderson.

Not even sure what that means

6 cards:

adaseb

legendary

Activity: 3808

Merit: 1723

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.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: BTC22 on January 23, 2018, 10:43:13 PM

My buddy's 30 rig 1080 ti brings in almost 10K a month.
6 brings almost $60 a day on nice hash.

Illusions Mister Anderson.

BTC22

newbie

Activity: 322

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.

My buddy's 30 rig 1080 ti brings in almost 10K a month.

6 brings almost $60 a day on nice hash.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: BennyT on January 23, 2018, 10:30:06 PM

I don’t understand this people saying a 7-8 month ROI is not a good investment. That’s a GREAT investment. What else are you guys investing that ROI’s so much better than 8 months AND allows you to hold the asset?

Buy the coin is a better investment, you can get your money back 100% in few days, hours or minutes. Mining is a losing game, returns are terrible, 10% in crypto per month is nothing where you can earn 500% in few hours trading back and forth. But don't outdo yourself, I do understand your fear, like most people, compared to what banks pay on your money already there or put your money in a competitive environment/jobs to see returns of 20% per month or higher but lot of work needs to be for that. It's amazing to see how worthless is mining x buying the coin and trading it.

BennyT

full member

Activity: 259

Merit: 108

I don’t understand this people saying a 7-8 month ROI is not a good investment. That’s a GREAT investment. What else are you guys investing that ROI’s so much better than 8 months AND allows you to hold the asset?

malthrax

newbie

Activity: 182

Merit: 0

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

It would take 10 months just to make your money back. And then you start to see profit

My 1 1070 can only pull in maybe $5 a day it would take me 7-8 months before I paid it back and made money...

Smart investment? How are people paying these prices?

Who the heck are you? Metroid Jr.?

almost30

newbie

Activity: 164

Merit: 0

1-buy gpus
2- start mining
3- hold your coins
4- Coins price will go up after 6 Months (most likely less than 6 months )
5- sell the coins
6- you win Grin

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Za1n on January 23, 2018, 08:00:14 PM

The problem with these ROI predictions is expecting this pace of price increases (which is offsetting the difficulty rise) to continue for the next 10-12 months. Maybe it will, maybe it will not.

Consider that 12 months ago in January 2017 the price for one Ethereum was around $10. The past year it has risen more than 100X to $1,000+ in price.

This is why the ROIs have worked out for miners, although I would venture to guess that had someone invested $1,600 back then for a standard 6 GPU rig instead into Ethereum directly they would have come out way ahead buying 160 Ethereum coins than they earned via mining.

So getting back to the topic, for your 10 month ROI calculation to work, you are counting on the price of Ethereum to continue to rise. A 10x rise would mean Ethereum would need to hit $10,000 where another 100x rise means $100,000. So if you do believe the price is going to continue to rise to keep offsetting the ever increasing difficulty, you would still be better off investing in the coin directly rather than buying an overpriced GPU.

BTW, I just used Ethereum as an example as you would probably mine a Equihash coin such as Zcash for a 1080, but the premise is the same as all the coins have acted similarly.

Very good post.

pix530

newbie

Activity: 49

Merit: 0

Problem with ROI and profit is that its totally unknown what will happen next. Here are some factors:

1) Coins cost fluctuates a lot. Who knew 1 year ago the price of Eth will be like today? Who knew 1 week ago it will drop 30%? Its unpredictable.
2) Hardware is under highest utilization. So expect cards can be broken.
3) New hardware can come in effect. With higher rates, lower price.

Mining is fun. But not for everyone.

ltcsprite

full member

Activity: 269

Merit: 101

Quote from: Digital Drug Lord on January 23, 2018, 07:44:00 PM

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.

if you opened up a business and couldnt pay your workers, take money out to pay the bills, or even pay for food for 10 months you workers would leave and you would die of starvation.

This doesn't make sense.

Why would you start a business if you didn't have funds set aside for at least 3 years of employee salary, expenses, bills, food, w/e.

Clearly you have never started a business, good luck with your mining adventure. Wink

Topic: At today's prices it would take 10 months to pay back 1 1080ti before you made $ - page 5. (Read 1840 times)