A very nice informative post.
To me, it is entirely undesirable to enter the mining market at any time now. The cost of electricity is pretty damn high here in Australia, and also I'm just not bothered to keep up with the miners myself.
Keep in mind that ETH can crash at any given moment. There is no guarantee.
Topic: Before you get HEAVILY invested in ETH Mining you should read this - page 2. (Read 34631 times)
May 21, 2016, 02:45:28 AM
May 21, 2016, 01:49:19 AM
it's all about electricity, if you have very cheap one like 0.03 or 0.01 like in kuwait, you can basically keep mining forever, there is no dead times for you in that case
even if your single gpu do only $10 per month, with 100 of them you could make it like a full time job, but only with insignificant electricity cost
even if your single gpu do only $10 per month, with 100 of them you could make it like a full time job, but only with insignificant electricity cost
For most home miners, it is the amount of electricity they can use safely in the home which restrict the mining operation.
May 21, 2016, 01:37:57 AM
it's all about electricity, if you have very cheap one like 0.03 or 0.01 like in kuwait, you can basically keep mining forever, there is no dead times for you in that case
even if your single gpu do only $10 per month, with 100 of them you could make it like a full time job, but only with insignificant electricity cost
even if your single gpu do only $10 per month, with 100 of them you could make it like a full time job, but only with insignificant electricity cost
May 21, 2016, 12:29:08 AM
Please, I never said what you implied. I said there will be something else that comes along asic proof and GPU friendly. We have three or four that turn profits..but nothing like it was in 13
Obviously, this guy has a stake in the success of continued profitable mining. But I would not count on it, mining has always been a low-profit margin affair with spurts of high profitability. Always better to just buy coins than hardware. Plus, can you really trust an Auburn fan? Of course not. RTR.
Well,he has a GPUrig.com in his avatar sooooo,you think he may be skewed to push GPU mining a bit??
GPU mining was pretty much a dead horse till Eth showed up,it will be low profit again after ETH,most likely.
But it will be more profitable than mining BTC (as diff rises to new heights) with any readily available ASIC's with the same power consumption(1000 watts of GPU compared to 1000 watts ASIC).
Also cuz you can sell your GPU rigs for almost what you paid for them
May 20, 2016, 11:26:43 PM
Please, I never said what you implied. I said there will be something else that comes along asic proof and GPU friendly. We have three or four that turn profits..but nothing like it was in 13
Obviously, this guy has a stake in the success of continued profitable mining. But I would not count on it, mining has always been a low-profit margin affair with spurts of high profitability. Always better to just buy coins than hardware. Plus, can you really trust an Auburn fan? Of course not. RTR.
May 20, 2016, 10:41:27 PM
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
lets say 50 kwatts a day for 200mh that is 85 cents x 30 = 255 usd for power!
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.
So if the difficulty doubles and the price drops 40%, you will make a loss. The farms must have cheap electricity.
EXP is right behind ETH in profitability...
Then SHIFT is really close.. and SOIL..
Then comes FTC.
So, there are many coins to fall back to.
YES, if ALL coins went to POS... AND electricity went up 500%+ .. yes, mining would probably not be profitable.
But neither would living in a house.. or be in a society using electricity...
Conlusion: Not very likely.
The problem is those other coins do not have strong enough market caps to soak up all the gpu mining. So when ETH plans to go POS and assuming it has good profit up to that point the miners will point their hash to all the other coins making the difficulty too high for decent profit. If one of coins hit it big then mining could continue, also if you have a big stack of coins in one them and they hit big market caps, you'll be pretty wealthy.
May 20, 2016, 08:17:05 PM
Mine while you can, there will likely be a replacement if and when ETH cannot be mined profitably.
Both of you unfortunately are wrong. There will not always be a profitable coin to mine. If you want proof, just read the litecointalk thread I posted in the original topic and read back at what people were making with GPUs back in 2014-2015.
I sold most of my GPUs at the end of 2014 because with a 280X, I made like $0.30 ( with free electricity) a day. The GPUs were going for almost $200 so I sold them and got some Antminer S3 for $50/each and made 100% more using the exact same amount of electricity. If I got an S5, I would of made almost 150% more with the same amount of power compared to GPUs.
Its out of sheer luck that mining is profitable again with Ethereum, but it won't always be the case.
Its a very competitive world out there. And people are smart these days.
I would love to be wrong. Because I could quit my day job if I knew the profits would be similar for the next 5 years.
I said this before and I'll say it again. AMD/Nvidia sells like 10 million GPUs every year, they don't care about the 0.5% that are bought for mining.
Most of their market is targetted towards gamers and Corporations.
If they cared they wouldn't let GPU mining die off in 2014-2015.
If you think I am wrong, then sell your house, and buy 10,000 GPUs if you think in 10 years you will be making the same amount of money.
Please, I never said what you implied. I said there will be something else that comes along asic proof and GPU friendly. We have three or four that turn profits..but nothing like it was in 13
May 20, 2016, 07:57:26 PM
Mine while you can, there will likely be a replacement if and when ETH cannot be mined profitably.
Both of you unfortunately are wrong. There will not always be a profitable coin to mine. If you want proof, just read the litecointalk thread I posted in the original topic and read back at what people were making with GPUs back in 2014-2015.
I sold most of my GPUs at the end of 2014 because with a 280X, I made like $0.30 ( with free electricity) a day. The GPUs were going for almost $200 so I sold them and got some Antminer S3 for $50/each and made 100% more using the exact same amount of electricity. If I got an S5, I would of made almost 150% more with the same amount of power compared to GPUs.
Its out of sheer luck that mining is profitable again with Ethereum, but it won't always be the case.
Its a very competitive world out there. And people are smart these days.
I would love to be wrong. Because I could quit my day job if I knew the profits would be similar for the next 5 years.
I said this before and I'll say it again. AMD/Nvidia sells like 10 million GPUs every year, they don't care about the 0.5% that are bought for mining.
Most of their market is targetted towards gamers and Corporations.
If they cared they wouldn't let GPU mining die off in 2014-2015.
If you think I am wrong, then sell your house, and buy 10,000 GPUs if you think in 10 years you will be making the same amount of money.
May 20, 2016, 07:22:49 PM
Mine while you can, there will likely be a replacement if and when ETH cannot be mined profitably.
Both of you unfortunately are wrong. There will not always be a profitable coin to mine. If you want proof, just read the litecointalk thread I posted in the original topic and read back at what people were making with GPUs back in 2014-2015.
I sold most of my GPUs at the end of 2014 because with a 280X, I made like $0.30 ( with free electricity) a day. The GPUs were going for almost $200 so I sold them and got some Antminer S3 for $50/each and made 100% more using the exact same amount of electricity. If I got an S5, I would of made almost 150% more with the same amount of power compared to GPUs.
Its out of sheer luck that mining is profitable again with Ethereum, but it won't always be the case.
Its a very competitive world out there. And people are smart these days.
May 20, 2016, 06:22:58 PM
Mine while you can, there will likely be a replacement if and when ETH cannot be mined profitably.
Both of you unfortunately are wrong. There will not always be a profitable coin to mine. If you want proof, just read the litecointalk thread I posted in the original topic and read back at what people were making with GPUs back in 2014-2015.
I sold most of my GPUs at the end of 2014 because with a 280X, I made like $0.30 ( with free electricity) a day. The GPUs were going for almost $200 so I sold them and got some Antminer S3 for $50/each and made 100% more using the exact same amount of electricity. If I got an S5, I would of made almost 150% more with the same amount of power compared to GPUs.
Its out of sheer luck that mining is profitable again with Ethereum, but it won't always be the case.
Its a very competitive world out there. And people are smart these days.
May 20, 2016, 03:47:56 PM
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
lets say 50 kwatts a day for 200mh that is 85 cents x 30 = 255 usd for power!
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.
So if the difficulty doubles and the price drops 40%, you will make a loss. The farms must have cheap electricity.
EXP is right behind ETH in profitability...
Then SHIFT is really close.. and SOIL..
Then comes FTC.
So, there are many coins to fall back to.
YES, if ALL coins went to POS... AND electricity went up 500%+ .. yes, mining would probably not be profitable.
But neither would living in a house.. or be in a society using electricity...
Conlusion: Not very likely.
May 20, 2016, 02:42:31 PM
Mine while you can, there will likely be a replacement if and when ETH cannot be mined profitably.
May 20, 2016, 02:35:47 PM
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
lets say 50 kwatts a day for 200mh that is 85 cents x 30 = 255 usd for power!
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.
So if the difficulty doubles and the price drops 40%, you will make a loss. The farms must have cheap electricity.
i concur if you have a big farm you need to build it on and exclusively with very cheap electricity, below 0.1 or even better, below 0.05
this is the reason why i never built a big farm, because of my fucking expensive electricity, i have the fund to build one but i can not risk the unprofitable times where the high electricity will kill my earning
May 20, 2016, 02:10:33 PM
I think mining ethereum right now still profitable but depends in your GPUs.. i heard that mining ethereum can still mined 10 usd a day..
But you notice that the your daily mined is not profitable many pos out there are releasing and you can still use gpu's to mine other altcoin..
But you notice that the your daily mined is not profitable many pos out there are releasing and you can still use gpu's to mine other altcoin..
May 20, 2016, 02:04:45 PM
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
lets say 50 kwatts a day for 200mh that is 85 cents x 30 = 255 usd for power!
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.
So if the difficulty doubles and the price drops 40%, you will make a loss. The farms must have cheap electricity.
May 19, 2016, 08:56:09 AM
It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
I will mine the Ethereum for now and get some Etheruem. So when it becomes PoS, I will have some coins.
Mining is still profitable with the recent price rise. If the price drops another 50%, it will not be profitable.
You guys must have an extremely high electricity price.
On a 100mh righ i use less than 2,5$ in power.
And the reward is 15-18$
There needs the be more than 50% dump for it not to be profitable vs electricity.
But other coins will be more profitable before the price of EL become higher than the reward.
It does not need to drop that much before EXP, SOIL and SHIFT becomes more profitable than ETH.
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
lets say 50 kwatts a day for 200mh that is 85 cents x 30 = 255 usd for power!
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.
May 19, 2016, 08:52:49 AM
It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
I will mine the Ethereum for now and get some Etheruem. So when it becomes PoS, I will have some coins.
Mining is still profitable with the recent price rise. If the price drops another 50%, it will not be profitable.
You guys must have an extremely high electricity price.
On a 100mh righ i use less than 2,5$ in power.
And the reward is 15-18$
There needs the be more than 50% dump for it not to be profitable vs electricity.
But other coins will be more profitable before the price of EL become higher than the reward.
It does not need to drop that much before EXP, SOIL and SHIFT becomes more profitable than ETH.
May 19, 2016, 08:42:35 AM
It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
I will mine the Ethereum for now and get some Etheruem. So when it becomes PoS, I will have some coins.
Mining is still profitable with the recent price rise. If the price drops another 50%, it will not be profitable.
May 12, 2016, 10:53:09 AM
It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
I will mine the Ethereum for now and get some Etheruem. So when it becomes PoS, I will have some coins.
May 11, 2016, 07:46:22 AM
It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
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