Does it make sense to spend this money on these GPUs?

XUR_TIP

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Quote from: BitKongy on August 11, 2021, 06:30:56 AM

I have some orders I'm trying to complete and I want to know if they are worth it or there are other ways to get them cheaper

1. Icolorful gtx1660 super @ 429$ in bulk
2. RTX 3060 @ 800$
3. RTX 3060ti @ 1200$ Non LHR confirmed
4. GTX 1660 Ti @ 462$

Will be waiting for your replies

The icolorful 1660 super are the best hands down, here is what I like to do, buy used GPUs and mix with few new GPUs, this will drastically reduce your cost per MH I believe

Didz

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Quote from: Looper_U on August 11, 2021, 06:54:36 AM

Quote from: sxemini on August 11, 2021, 06:37:49 AM

Quote from: BitKongy on August 11, 2021, 06:30:56 AM

I have some orders I'm trying to complete and I want to know if they are worth it or there are other ways to get them cheaper

1. Icolorful gtx1660 super @ 429$ in bulk
2. RTX 3060 @ 800$
3. RTX 3060ti @ 1200$ Non LHR confirmed
4. GTX 1660 Ti @ 462$

Will be waiting for your replies

Of course not. Your ROI will be around 1 or 2 years for real per card. If you planning let it run for the next 4 years or so than you can buy cards for more than the double price. Wait for the bear market next year and start buying cards.

At the moment i get used 2060 Super or 2070 Super for around 350 - 400€. I think this is a better deal.

You don't know calculations or what? Why said 1 or 2 years to ROI? For example let me start with gtx1660 super which OP said he can get at 429$ and this card will net you 2.5$ presently, it's even 2.7$ on other pools like poolin but I will use 2.5$ and in a month that's 75$, in 12 months ( a year ) that's 900$ mate, OP will ROI in 5.5 to 6 months ( 450$ ) arrghh stop discouraging others, the only thing that makes ROI longer is change in profitability, bear season etc

I think too many people start to do cryptocurrency mining without having read at least one book about it or at least read many many posts to know the basics like profit calculations.

Didz

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Quote from: BitKongy on August 11, 2021, 06:30:56 AM

I have some orders I'm trying to complete and I want to know if they are worth it or there are other ways to get them cheaper

1. Icolorful gtx1660 super @ 429$ in bulk
2. RTX 3060 @ 800$
3. RTX 3060ti @ 1200$ Non LHR confirmed
4. GTX 1660 Ti @ 462$

Will be waiting for your replies

I don't know the Colorful manufacturer but USD 429 for one gtx 1660 super, it's a deal!

senyorito123

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Quote from: BitKongy on August 11, 2021, 06:30:56 AM

I have some orders I'm trying to complete and I want to know if they are worth it or there are other ways to get them cheaper

1. Icolorful gtx1660 super @ 429$ in bulk
2. RTX 3060 @ 800$
3. RTX 3060ti @ 1200$ Non LHR confirmed
4. GTX 1660 Ti @ 462$

Will be waiting for your replies

Based on my reviews these GPUs is worth for the money you spend, and I saw it more interesting since their specs really a grear choice.
Don't go for cheaper gpus, you'll regret their performance after all because the life expectancy can't be expected to be reach successfully.
Quality is the best key thing in order to make your mining efficient and productive.

Evgenklm

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If we are talking about mining, then the best for the price and quality will be 1660 super, issued somewhere 30 MH/s and this is normal if you build a farm comes out very decently, but still I think it is necessary to wait until the cards become cheaper.

FloridaKid

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Quote from: swogerino on August 16, 2021, 04:18:40 PM

Quote from: adaseb on August 16, 2021, 11:39:25 AM

Yes if you been mining since like 2014, you still appreciate the profits that you are getting today. I am pretty sure most of the old miners think this way. Back in 2015 I think I was mining at a loss with my Antminer S5. Then in 2018 I was mining at a small loss/break-even with my GPUs mining ETH. Right now even if you got expensive power you are still making a profit.

I think the people that are complaining are the ones who bought GPUs during April/May and they were expecting to make $10/day/GPU everyday and get ROI on their $1K GPUs. This is more or less what happened in late 2017 early 2018. People paid like $1000 for a 1080Ti because it pulled like $15/day dual mining ETH plus DCR (or SC) and then when everything crashed they knew they would never ROI.

There were a lot of such people during the April and May period.Where I am located all sort of people wanted to started mining,even people who had no clue how to use a computer,they were just bombarded by the media that Bitcoin and cryptos are going to the moon and they thought they could just buy 3-6 RTX 3090 and they could conquer the world.Unfortunately many of them are crying right now because they bought a RTX 3090 at 3500 EUR at that time so to make 20.000 EUR back it is almost impossible for them now.In order for them to win they have to keep mining and keep the coins,wait for the price to skyrocket and then to sell.However I think they are not that patient as I see some of them selling their 20.000 EUR rigs for 9.000 EUR now.

Are you sure your calculations are right? Who dares buy a 3090 for 4118$ (3500 EUR) per GPU in April? Because there is no way to make back that money in 12 months, that's way too high and unreasonable for any crypto miner, If you aren't getting your invested money on GPU back in 7 months max it's stupid investment unless you plan to keep mining for years

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Quote from: adaseb on August 16, 2021, 11:39:25 AM

Yes if you been mining since like 2014, you still appreciate the profits that you are getting today. I am pretty sure most of the old miners think this way. Back in 2015 I think I was mining at a loss with my Antminer S5. Then in 2018 I was mining at a small loss/break-even with my GPUs mining ETH. Right now even if you got expensive power you are still making a profit.

I think the people that are complaining are the ones who bought GPUs during April/May and they were expecting to make $10/day/GPU everyday and get ROI on their $1K GPUs. This is more or less what happened in late 2017 early 2018. People paid like $1000 for a 1080Ti because it pulled like $15/day dual mining ETH plus DCR (or SC) and then when everything crashed they knew they would never ROI.

There were a lot of such people during the April and May period.Where I am located all sort of people wanted to started mining,even people who had no clue how to use a computer,they were just bombarded by the media that Bitcoin and cryptos are going to the moon and they thought they could just buy 3-6 RTX 3090 and they could conquer the world.Unfortunately many of them are crying right now because they bought a RTX 3090 at 3500 EUR at that time so to make 20.000 EUR back it is almost impossible for them now.In order for them to win they have to keep mining and keep the coins,wait for the price to skyrocket and then to sell.However I think they are not that patient as I see some of them selling their 20.000 EUR rigs for 9.000 EUR now.

Stanlo

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Quote from: adaseb on August 16, 2021, 11:39:25 AM

Yes if you been mining since like 2014, you still appreciate the profits that you are getting today. I am pretty sure most of the old miners think this way. Back in 2015 I think I was mining at a loss with my Antminer S5. Then in 2018 I was mining at a small loss/break-even with my GPUs mining ETH. Right now even if you got expensive power you are still making a profit.

I think the people that are complaining are the ones who bought GPUs during April/May and they were expecting to make $10/day/GPU everyday and get ROI on their $1K GPUs. This is more or less what happened in late 2017 early 2018. People paid like $1000 for a 1080Ti because it pulled like $15/day dual mining ETH plus DCR (or SC) and then when everything crashed they knew they would never ROI.

10$ a day per GPU is laughable, that's only possible with rtx3090 right now lol, there is no such thing as you will never ROI when mining, even in bear market you will still be good, you are at loss only when you sell your coins

adaseb

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Yes if you been mining since like 2014, you still appreciate the profits that you are getting today. I am pretty sure most of the old miners think this way. Back in 2015 I think I was mining at a loss with my Antminer S5. Then in 2018 I was mining at a small loss/break-even with my GPUs mining ETH. Right now even if you got expensive power you are still making a profit.

I think the people that are complaining are the ones who bought GPUs during April/May and they were expecting to make $10/day/GPU everyday and get ROI on their $1K GPUs. This is more or less what happened in late 2017 early 2018. People paid like $1000 for a 1080Ti because it pulled like $15/day dual mining ETH plus DCR (or SC) and then when everything crashed they knew they would never ROI.

HashingTower

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Quote from: Philipma1957cellphone on August 15, 2021, 02:44:28 PM

Eth mining has been good Since june of 2020.

Some days great
Some days good
Some days okay.

If 1 mh earns 3 cents
A 3060ti earns $1.80

It burns 3 kwatts or 60 cents if you pay 20 cents a kwatt

That is 1.20 profit.

My first 3060ti came in November

It never earned lower than 6 cents an mh or

$3.60-.60.=.$3.00 that was one of very few days since November

It is earning 10.cents.an mh today or $6.00-.60 = 5.40 A DAY.

SO to me saying the bear is coming is a waste of.fucking bandwidth.

The first card cost me 500 and earn around 3 to 12 net for 270 days

I will average to 5 a day that is 1350 for a 500 buy. I am up 850 I am mining on. It has warranty so I mine

So we still going to be good even if bear market comes anyways, I get your point philipma this is why I don't care what people say about not buying GPUs and start mining, I just end up doing it anyways and so far it's looking great, bear market isn't going to be so bad like before, that I believe

Philipma1957cellphone

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Eth mining has been good Since june of 2020.

Some days great
Some days good
Some days okay.

If 1 mh earns 3 cents
A 3060ti earns $1.80

It burns 3 kwatts or 60 cents if you pay 20 cents a kwatt

That is 1.20 profit.

My first 3060ti came in November

It never earned lower than 6 cents an mh or

$3.60-.60.=.$3.00 that was one of very few days since November

It is earning 10.cents.an mh today or $6.00-.60 = 5.40 A DAY.

SO to me saying the bear is coming is a waste of.fucking bandwidth.

The first card cost me 500 and earn around 3 to 12 net for 270 days

I will average to 5 a day that is 1350 for a 500 buy. I am up 850 I am mining on. It has warranty so I mine

HashingTower

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Quote from: batsonxl on August 15, 2021, 12:45:09 PM

Quote from: Ceyflix-Rez on August 11, 2021, 01:03:03 PM

Quote from: Metroid on August 11, 2021, 12:20:37 PM

Quote from: Ceyflix-Rez on August 11, 2021, 11:28:15 AM

Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

march 2020 was the greatest beartrap to date, I said that many times last year and nobody went to buy cryptos, they waited few months and then started buying for 10x more the price of march 2020, there is no need to be a virus 2.0, what we are seeing right now is the start of a next level of a huge bulltrap, not selling my 30% I have cause I believe thieves will take this thing a little higher, my btc target is 79k and I will sell my 30% once is close to that target, 70k to 79k is my target to start selling.

Quote from: adaseb on August 11, 2021, 12:09:28 PM

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

This pretty much.

Hmm if BTC can make it to 79k I'm wondering what the price of ETH would be, this means miners will be making 3x of their profits which will surely makes ROI come faster too, if 30MH can go up to 6$ per day again it's going to be great

hehe i thought too but i saw how eth hashrate increased last couple of months when eth pumped from 3k-4k

, We were so good when we had fees.eip1559 hit us very badly.
For person who wants to buy gpu question: Do you own gpu right now? i mean are you mining?

It's still too early to judge, is this is the real last bullish trend in crypto market as many YouTubers are saying then ETH should surpass 4000$ which I believe should have impact on mining reward, we just need ETH to do more better then profit will increase

adaseb

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Quote from: Ceyflix-Rez on August 11, 2021, 01:03:03 PM

Hmm if BTC can make it to 79k I'm wondering what the price of ETH would be, this means miners will be making 3x of their profits which will surely makes ROI come faster too, if 30MH can go up to 6$ per day again it's going to be great

We don't know if it will go to $79K and even if it does, it might be momentarily. So sure your profits will be 3x if you perhaps hold all your ETH until that happens. However most miners usually market sell their ETH as soon as it hits their exchange account.

And the price of ETH can still be similar to what is it today or $4K and BTC can go to $79K because there is a chance that there is going to be a huge sell-off from the ratio. It can be a reverse outcome of 2017 where people pumped BTC and then that money went into ETH. Right now it can be the opposite, pump ETH and later on dump ETH and bump BTC. Only time can tell what happens.

batsonxl

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Quote from: Ceyflix-Rez on August 11, 2021, 01:03:03 PM

Quote from: Metroid on August 11, 2021, 12:20:37 PM

Quote from: Ceyflix-Rez on August 11, 2021, 11:28:15 AM

Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

march 2020 was the greatest beartrap to date, I said that many times last year and nobody went to buy cryptos, they waited few months and then started buying for 10x more the price of march 2020, there is no need to be a virus 2.0, what we are seeing right now is the start of a next level of a huge bulltrap, not selling my 30% I have cause I believe thieves will take this thing a little higher, my btc target is 79k and I will sell my 30% once is close to that target, 70k to 79k is my target to start selling.

Quote from: adaseb on August 11, 2021, 12:09:28 PM

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

This pretty much.

Hmm if BTC can make it to 79k I'm wondering what the price of ETH would be, this means miners will be making 3x of their profits which will surely makes ROI come faster too, if 30MH can go up to 6$ per day again it's going to be great

hehe i thought too but i saw how eth hashrate increased last couple of months when eth pumped from 3k-4k

, We were so good when we had fees.eip1559 hit us very badly.
For person who wants to buy gpu question: Do you own gpu right now? i mean are you mining?

TheMimic1

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Quote from: Metroid on August 11, 2021, 12:20:37 PM

Quote from: Ceyflix-Rez on August 11, 2021, 11:28:15 AM

Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

march 2020 was the greatest beartrap to date, I said that many times last year and nobody went to buy cryptos, they waited few months and then started buying for 10x more the price of march 2020, there is no need to be a virus 2.0, what we are seeing right now is the start of a next level of a huge bulltrap, not selling my 30% I have cause I believe thieves will take this thing a little higher, my btc target is 79k and I will sell my 30% once is close to that target, 70k to 79k is my target to start selling.

Quote from: adaseb on August 11, 2021, 12:09:28 PM

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

This pretty much.

I wouldn't consider 2020 to be a year of bear trap for crypto, covid is what happened, this was why crypto loses tons of value, if covid never happened in that year BTC can't ever go as low as 3000+ $ and ETH can't ever goes as low as 150$

Ceyflix-Rez

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Quote from: Metroid on August 11, 2021, 12:20:37 PM

Quote from: Ceyflix-Rez on August 11, 2021, 11:28:15 AM

Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

march 2020 was the greatest beartrap to date, I said that many times last year and nobody went to buy cryptos, they waited few months and then started buying for 10x more the price of march 2020, there is no need to be a virus 2.0, what we are seeing right now is the start of a next level of a huge bulltrap, not selling my 30% I have cause I believe thieves will take this thing a little higher, my btc target is 79k and I will sell my 30% once is close to that target, 70k to 79k is my target to start selling.

Quote from: adaseb on August 11, 2021, 12:09:28 PM

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

This pretty much.

Hmm if BTC can make it to 79k I'm wondering what the price of ETH would be, this means miners will be making 3x of their profits which will surely makes ROI come faster too, if 30MH can go up to 6$ per day again it's going to be great

Metroid

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Quote from: Ceyflix-Rez on August 11, 2021, 11:28:15 AM

Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

march 2020 was the greatest beartrap to date, I said that many times last year and nobody went to buy cryptos, they waited few months and then started buying for 10x more the price of march 2020, there is no need to be a virus 2.0, what we are seeing right now is the start of a next level of a huge bulltrap, not selling my 30% I have cause I believe thieves will take this thing a little higher, my btc target is 79k and I will sell my 30% once is close to that target, 70k to 79k is my target to start selling.

Quote from: adaseb on August 11, 2021, 12:09:28 PM

Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

This pretty much.

adaseb

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Nobody can answer this question for you because nobody knows what will happen in the near future. Currently there is a lot of regulation going on with congress and POS coins like ETH v2 might be in japarody.

There is also the issue of difficulty and miner revenue. London fork is activated however we still don’t know what our profits will be in periods of low transaction fee or high transaction fees.

Bitmain and other ASIC manufactures are releasing very fast and efficient ETH ASICS which way overpower a bunch of GPUs. There is no idea how many of these will be produced.

There then is the question of what the GPU will be worth in the near future. Can be 75% off retail or something like 25% of retail.

Ceyflix-Rez

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Metroid what makes you think that crypto market can crash 99% again? Lol I don't believe that, it's like saying we will see BTC at 1000$ in 2017 whereas Corona virus was the reason why BTC tastes 3500$ in march 2020, if not that won't ever happen unless Covid 2.0 is imminent which I don't think so, we have too many grabbers waiting every corner to buy cheap price, the exposure of crypto in Covid period have opened the eye of many, crypto performs better than stock remember?

HardCore12V

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I don't know about others but when investing in mining rigs I always have this mindset of making back half of the money I invested, let's say I invest 1000$ I will only want 500$ back as far as possible and whatever happens later I'm born ready for the long run, if a bull market is real then 5 month interval is piece of cake

Topic: Does it make sense to spend this money on these GPUs? (Read 279 times)