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Topic: Ethereum 30% hashrate drop for RX400/RX500 incoming soon? (Read 11895 times)

newbie
Activity: 9
Merit: 0
Seems the day has finally arrived. And I just started mining a week ago Cry

Seems I need a few more other cards besides my rig of 6 RX570.

Anyone the same issue? From 29 mh down to 21 mh...
newbie
Activity: 1
Merit: 0
my rx580 work fine, if your rx580 hash rate drope then msg me i can help you. today 12 september 2017 my rx 580 pulse dual minning hash rate is 29.800 mh/s and dcr  1785 mh/s.

[email protected]

Hi, Ive send you an email.
newbie
Activity: 40
Merit: 0
my rx580 work fine, if your rx580 hash rate drope then msg me i can help you. today 12 september 2017 my rx 580 pulse dual minning hash rate is 29.800 mh/s and dcr  1785 mh/s.

[email protected]
sr. member
Activity: 487
Merit: 266
0.10? isnt it too much?Huh
I"m paying smth like 0.07

I'm paying 0.16, got solar panels on the roof though, which helps.

Got 36 cards running, make about 1.50$/card/day. Got 75A available at home, some more GPUs on preorder...

Electricity/water bill for the entire house can be paid with about a week's worth of mining. All rigs are paid off, investments are diversified. Not too scared for the future and I don't get the panic. Worst case you turn your rigs off..............
sr. member
Activity: 1022
Merit: 306
0.10? isnt it too much?Huh
I"m paying smth like 0.07

In Europe, the average price is like 0.15.
member
Activity: 98
Merit: 10
Bitcointalk community manager
0.10? isnt it too much?Huh
I"m paying smth like 0.07
member
Activity: 109
Merit: 10
With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.

Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.

For one card yes, but even now you can only make 2$/day with the same card, time will tell.

 2$/day profit is actually very good.
full member
Activity: 145
Merit: 100
out here
Think about it this way.

You are better off buying AMD RX right now even with these small hashrate drops than you are buying NVIDIA right now which doesn't have this issue.

Because by the time the hashrate drops 30%, most of us won't be mining anymore.

Its better making $6/day NOW but paying half for a GPU than making a similiar amount but paying double for the NVIDIA GPU.

Because by the time you ROI that NVIDIA we all will be making $0.25/day with our GPUs and the hashrate drop won't mean much.

But the AMD people will come out ahead since the GPU was paid for multiple times and not the NVIDIA people.

this is a very good point not many people consider being AMD owners from this May-present
full member
Activity: 168
Merit: 100
Just sell you cards Cheesy I need some RX for good prices.

how can you buy now cards while all encryption currencies collabs and the world stops turning?  Huh Shocked Grin Grin Grin Grin
sr. member
Activity: 966
Merit: 359
👉MINING-BIOS.eu💲⛏
Just sell you cards Cheesy I need some RX for good prices.
member
Activity: 76
Merit: 10
Geniuses are always branded as crazy
With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.

Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.

For one card yes, but even now you can only make 2$/day with the same card, time will tell.
DrG
legendary
Activity: 2086
Merit: 1035
Well, i paid 10 RX 47/570 for average 200$ month ago and now using electricity for 0.07$. What can you tell me to scare me out of mining? Do your best.

There is no reason for scare tactics.

An opportunist with hindsight would have noted, however, that somebody who mined for 10 months, sells the cards for 2.5x what he bought, waits 5 months for new Vega cards to hit market while GPU mining is in the doldrums again would probably do better than somebody who just keeps on mining with the 10 cards.

But it takes work to sell the cards and patience to buy the new ones on sale and redo the rigs. For optimum profits work is required. For an easy quarter to a dollar a day you can just sit on the cards.
member
Activity: 91
Merit: 10
Well, i paid 10 RX 47/570 for average 200$ month ago and now using electricity for 0.07$. What can you tell me to scare me out of mining? Do your best.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.

Check the electricity per killowatt cost in european countries, http://ec.europa.eu/eurostat/statistics-explained/index.php/Electricity_price_statistics, its average is $0.20/kwh, worldwide is around that or more expensive. For example, a 1080 ti using 190 watts per hour pulls around 5 kilowatt per day, that is $1.00 per day, it makes around $3.08 per day on zcash, taking whattomine reference, with a 1080 ti you are earning only $2.17, in most countries that card is sold for $1000 or more but lets take a $800, now 800 divided by 2.17 which is today, not counting difficulty rise or anything, that is just now, that means 368 days, which means that is a blood year.
legendary
Activity: 3808
Merit: 1723
With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.

Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.
full member
Activity: 252
Merit: 100
With the 30% hashrate drop, 40% price crash and plus 300% difficulty, for you to have the profitability and return of investment in mind then you have to think of only going long with eth or any other alt. Selling as you mine now would mean gameover. You must hold and be patient.

Yes . Soon maybe gameOver - up to 1-2 month max
now price for card rx 580 8 gb is 400-500 eur - used - no have new at moment
many people is crazy and buy on this price and after 1 month they sell on max 150 eur same cards

but now it's good time to sell your rx4xx/5xx cards, wait a month without mining and then buy cheaper cards back Wink

yes of course
price for rx4xx/5xx is too big now
after 1 month drop
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.
full member
Activity: 168
Merit: 100
With the 30% hashrate drop, 40% price crash and plus 300% difficulty, for you to have the profitability and return of investment in mind then you have to think of only going long with eth or any other alt. Selling as you mine now would mean gameover. You must hold and be patient.

Yes . Soon maybe gameOver - up to 1-2 month max
now price for card rx 580 8 gb is 400-500 eur - used - no have new at moment
many people is crazy and buy on this price and after 1 month they sell on max 150 eur same cards

but now it's good time to sell your rx4xx/5xx cards, wait a month without mining and then buy cheaper cards back Wink
full member
Activity: 252
Merit: 100
With the 30% hashrate drop, 40% price crash and plus 300% difficulty, for you to have the profitability and return of investment in mind then you have to think of only going long with eth or any other alt. Selling as you mine now would mean gameover. You must hold and be patient.

Yes . Soon maybe gameOver - up to 1-2 month max
now price for card rx 580 8 gb is 400-500 eur - used - no have new at moment
many people is crazy and buy on this price and after 1 month they sell on max 150 eur same cards
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
With the 30% hashrate drop, 40% price crash and plus 300% difficulty, for you to have the profitability and return of investment in mind then you have to think of only going long with eth or any other alt. Selling as you mine now would mean gameover. You must hold and be patient.
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