Topic: Coins earned per month, big drop (Read 1712 times)

Were you around BTC in 2009-2013 ? Just wondering how the mining profitability bubbles were back then.

I was around in 2014, and pretty much I made more profit in Jan-Feb 2014 than the rest of the 2014 year.

I think in middle 2014, everybody turned off their rigs, waited 6 months, profitability got worse and they sold their rigs and forgot about mining.

Then in Spring 2016, mining was profitable again because nobody was GPU mining then.

So I think we will see a similiar pattern. At the end of 2017, many will put rigs on standby. 6 months later, probably sell them on eBay. And sometime in middle 2019 or early 2020, if there is some POW coin worth mining then it might get profitable again and restart the cycle.

 ETH hashrate does NOT translate to ZEC hashrate, cards vary.

 Most GTX 1070 manage 400-450 sol/s on ZEC - but compare to a GTX 1080 that manages HIGHER hashrate on ZEC but LOWER hashrate on ETH than a GTX 1070 does.


 What you're going to run into though is that ETH and ZEC are the cores of the "basket" of profitable coins to mine - they're going to show similar profitability on the most common cards that are used on both, as a lot of folks swap between the two (and the other "basket" coins) seeking the highest income.


 In my particular case, none of my NVidia cards are working "common" cryptocoins at all, I'm at a point I can afford to take a less-than-optimal income while doing what I WANT to do with my rigs (like Moo Wrapper, where I've been the #1 "individual" producer for a couple-three weeks or so).

Also had a big drop today, is it worth only mining ETH i'm dual mining SIA now.
For now i'm keeping my rigs running, but i'm thinking to switch to ZEC.

So will they stop ice age or not since delay of pos hah?

Nvidia gtx 1070 on average gives 400 to 450 sol/s  or hash/s depending on gtx model.

Its hard to say for alternatives. I think eth is still must profitable. After im back from vacation ill rerun calculators and stuff to check things. Zcash might yield more coins now per month, quite more but zec is 180 usd or so and eth 220

Anyone?

Is everyone here sticking with ETH... what's your fallback?

The difficult will keep on rising and the block time will increase a lot.

Its all cool. Not panicking or anything. Just wondered why diff rose so high and all of a sudden. Wanted to know reason behind it so i am smarter in this whole situation

There wont be an ice age and as you hear about big mining farms are being out recently for about 500 gh/s and there might be more we still dont know. Ice age wont really happen as of now. Theres nothing to worry about that ice age thing since ive been mining ETH too and i do treat this kind of situation as a normal thing. Just chill dude and do the things you do suppose to do.

I see. I am holding them anyway. Just mine and hold

I know its difficulty but there is smth else behind it. As it rose dramatically. Someone said its ice age and that another 200k blocks were solved so that caused tha extra jump. Im not scared and i plan to mine even if i am even or dont earn profit coz i like it. Or with time shut down rigs and turn on later etc.. we will see. I invested money i was ready to lose anyway. Ofc expected roi after time but didnt gamble with money i need.

I hope that huge diff jumps will be solved so eth mining can be sustainable until pos

"MINING DIFFCULTY" sorry for Caps but this is the main reason why your profits or earnings on mining do decrease even you would said that you do have the same hash rate on your miners. This is really a normal thing on mining world on which if there are lots of miners on a certain coin, difficulty does rise and knowing ETH and you observed the mining difficulty you would really see huge jump on difficulty percentage on a short period of time which means there are lots who do mine it.

I manage about 32 MH/s with my 1070's (and approach 1.5 GH/s all combined in several rigs).

Unfortunately I put all this together JUST A MONTH AGO, so it's been a slide ever since - which is typical of my timing, lol.

With the 32 MH/s rate, what should I expect that to translate to in terms of mining Zcash? Is that a viable alternative during these diminishing ETH times? If not, what would be your suggestions, for even a second or third coin? What are the preferred miners for Zcash?

I'm using Claymore 9.7, and tried dual mining both SIA and DCR, but it seemed a narrow margin of improvement, and was tough to find a sweet spot. Of course, dual mining doubles the dev fee as well.

THANKS!

Yeah. I heard that. Well if diff will be stable and block reward smaller, should be better then 5eth block reward and skyrocketing difficulty

They will delay ice age but at the same time reduce the ETH block rewards...

Basically they don't like miners which keep selling ETH and lowering the price of ETH.

I know im fairly new and that diff is rising a lot and also that ice age is present but, didnt they said smth about delaying ice age as pos is delayed also?

Also, i made rigs more like a hobbie and to get deeper i to cryptos. I have other cash incomes and i understand profitability will be lower and lower but just wanted to know what happened.

I started 2 months ago.

This is why I sold all cards off when coins were smoking hot.


I then purchased some 1080 ti's. They are the most efficient card when under volted.

So since I did not purchase as ,many ti's as the cards I sold.  Roi is not an issue,

And earning 3 dollars a card is fine.  They were up to 9 at the peak.

Yep, I remember mining ETH back in fall of 2015 and was making only 2:1 in profits and considered that good. This means if I was making $300/mo in income, my electrical cost was $150, or in other words only netting $150 per month after costs. Of course this didn't even consider things like ROI as I was using equipment I had leftover from back in the scrypt mining days.

The true profit came by holding on those coins, but what is different is that was on the front edge of the run-up in price, now we are on the back end. So we will never return to those days as far as potential with Ethereum and plenty of people already have thought about their "backup" plan to switch to another coins, so it is doubtful any of the up and coming alts will see future performance like Ethereum did.

The last time mining profit was even close to this was the scrypt (Litecoin/Dogecoin) profits back in 2013 and very early 2014. Since then there was a three year drought of low to no earnings and at times even I turned off my rigs completely, at least the ones I kept and didn't sell.

Point in all this is you better start getting comfortable with only making 2:1 profits and probably less for a period of time and forgetting about anything less than at least 2 year ROIs on any new hardware you buy. The good times for mining are going to take this winter off and maybe take an extended vacation throughout the summer of 2018. So unless you are really in this for the long haul, just get used to watching that difficulty number climb each day and your profits shrink.

Assuming he really is new  and has only mined this year  is like being a Chicago Cubs fan  that first started to follow the Cubs in the year 2016.

Or  like being a New York Mets fan that started following the Met in 1969.

To the op  this year has been godlike devine amazing spectacular for mining ETH.
It will lower to 5-15%  yearly profits.  Vs the 100 % profits made the first 7 months of 2017.

What do I mean if you earn 1000 usd a month now and pay 150 in power netting 850 after cost

 it will change for the worse  maybe 800 and 150 in power by August 31st.
then 650 and 150 in power by Sept 30th

What Phil said. In a month you will be lucky to still be making even half of that. In two months you will be doing good making 1 ETH/month.

Also a few dollar rise in ETH is not going to compensate much, if at all. If you mined 5 ETH/month at $200 you made roughly $1,000/mo. So unless ETH is at $1,000 in two months, you will be losing even more.