Topic: gpu bubble well and truly bursting - page 21. (Read 23737 times)

Consider cost of ownership and energy efficiency, not purchase cost.

who doesn't invest some time in research has to mine coins with shit profit - but tell me some business where you make money without any work?
also for trading you need to do research or you can lose a hell of money very fast

btw. i just plan another new rig - this time with 1080ti due to more density than the existing 1070 rigs

Right now a RX 470/570 4GB if you Dual mine brings in exactly $2.20/day.

The 1080Ti mines ZEC at ~700H/s and makes $3.41/day.

Even though the 1080Ti is slightly more efficient, its should be negligible at these profits.

So the card costs triple, and only makes $1/day more than RX 470. How does that make sense?

Yes I know its very optimized in certain algos like LBRY or NXS or Skein, etc. However those coins have very low market caps and can easily crash in the near future. You can't depend on them for mining in the future.



So which is smarter...

1)

Buy RX 470 and make $2.20/day today

In 6 months make $0.50/day

2)

Buy 1080 Ti and make $3.41/day today

In 6 months make $0.75/day


Which one do you think will make you more money in the long run? The 1080 Ti most likely won't even be able to cover their depreciation when they hit eBay.

I like the 1080 Ti.  Been buying about 10 a week for months.  Still buying now.  I hear a lot of people bashing nvidia cards and it's probably because they don't understand the efficiency you can extract from them.  Nothing against AMD, just prefer nvidia as I mine mostly equihash based coins.  

 If you're mining ETH on a 1080ti you're stupid - and making a LOT less than the card is capable of if you mine stuff it's EFFICIENT at.
 There are quite a few algos that a 1080ti manages twice OR MORE the hashrate of a RX series card - the algo ZEC uses is the best known, but the 1080 ti also is very very good at groetsl, skein, lbry, lyra2rev2, just for the algos I've personally tried mine on and can compare with my RX 470s.

 Also, finding RX 470/570/480/580 at under $400 the last 2 months has been a rare thing, even if you manage to sneak in on a Newegg restock it's "limit 1 per 48 hours" WHEN they have them and more like $250 - and other retailers have the same sort of limit when they have any at all.

 They're also NOT making $2.30 a day any more, even if you BIOS flash them and overclock them enough to nearly match the hashrate of my R9 290 cards - as of RIGHT NOW they're grossing a hair less than $2 (though probably netting a hair more than my R9 290s due to much lower electric use) even if they CAN get to the 29 Mhash/s my R9 290s manage.

 That 1080 ti also will retain it's resale value after the crash - the RX series cards will probably be selling for a LOT less than MSRP 'cause of oversupply.


 I'm not saying the RX cards are bad - I'm just saying that for the last 2-3 months calling them a "$200 card" has been generally a LIE - and will remain a lie for most folks 'till the current gouge pricing goes away.
 You also have to factor in that the total SYSTEM cost is going to be a good bit higher per card, as you need more RX series cards to match the income of GTX 1080ti cards therefore you need more rigs (and more MB/CPU/RAM/HD/PS etc).

 4 months ago, the RX were a very very good and often the best mining option - but at recent gouge pricing it's a lot more of a question mark - and when ETH moves to PoS it's going to kill the biggest coin that the RX series EVER had a major advantage on.

 The 1080ti isn't 2x a 1070 on anything that I am aware of.
 The 1080 ti will generally use a little less power for 2 of them at slightly higher hashrate vs 3 1070 cards when doing the SAME algo even at the SYSTEM level.

Adaseb, you are too red. You missed some good (haha) mining years only because you were not looking to the green side.

That said, red or green, DO NOT BUY GPU's right now.

I think you know, you have heard but I will tell you their reasoning anyway, for them a GTX 1080ti is double of a 1070 in hashrate but they will not tell you is only 1 coin that has double hashate, most algos dont get a 50% more hashrate than 1070. For them they only care about after the roi is reached, their biased explanation is "a 1080ti after roi makes 35 mh/s". So for them, they are not looking at the $800 they paid, they even dont care about if they will reach the $800 mark, they are looking at 35 mh/s after roi and long term usage, 1 slot on motherboard instead of 2 x 1070, they are looking at staying with the card for 10 years down the line, for example 7970. They are mindless.

the only benefit i see i electrical cost  which is why i choose the gtx 1070 to mine in march before the madness. it was 5 dollars a day per card with nicehash, now it is 2-3 dollars. mining i once made 75 dollars in a weekend when decred mining software update/

If you can explain to me why you think a 1080 Ti is a wise investment please let me know? Maybe I suck at math but

One RX 470/570 is ~$200 and makes $2.30/day

One 1080Ti is $700 and makes $3/day.

I dont get it really.

Only if you trading daily everything you mine, it is right to search profitable coins.

Im mining ETH, and not before one year i will be able to tell how much and did i profit. There is no point of every day checking coin price if you only mining.

Just look at ETH one year ago.

never lose the faith in yourself, you can do it

I still have some hope left!!!


Brave trooper you must be.

Haha, not really, buying more 1080 Ti.

Yes, you can read, congratulation

So, 1070 for $600 is expensive and ETH for $200 is cheap?

never think that there is not somewhere an idiot who would do it

you have 1070s on ebay sold for $ 600 and more, in regular shop you got the same card for $ 450.

but even dealers are like having 2-4 weeks delivery at regular price (to be top listed on price search pages) and then raising the price by 25% and have them minutes later on stock - even then they are sold out after 1-2h again and the old lower price is back shown for the listing in price search pages

5000 thousand pounds, that is too bloody expensive. I doubt even a mindless troll would buy that computer hehe

No kidding.

I bought a batch of gpus right before the big run-up when price was approaching $50 and I mined held the coins for month and sold off a batch of coins when it hit $230 and easily had 200+% roi on those gpus alone in a months time.  Then it rose to $400 and I was kicking myself but I figured it was better to lock in my gains at that time.  Some of that money is still in my bank some of which I used for my insurance/car payment and to pay off my credit card.

Those were the good days.

Ouch, I really hope you will make it.

My prediction is that mining profits are down another 40% in 96 hours, would be very happy to be wrong though.

Its starting....

(only a month old) and buying over priced GPU from the start dont help...


http://www.ebay.co.uk/itm/Nvidia-Mining-Rig-7x-GTX-1070-1x-1060-235mhs-ethash-850watts-/322591229033?hash=item4b1bef8469:g:ItMAAOSwyWZZXg-v


Cant wait for cheap Gpu's...