Topic: GPU Mining Is NOT Profitable In My HOUSE - October 2018 Mining Farm Update - page 3. (Read 1819 times)

You are trolling, right? $4 after a month of mining assuming that the price won't go down is stupid, Mining for making a 'Profit' doesn't make any sense right now. The only way you can justify mining at those rates is if you are looking for virgin coins. That way paying a low premium does make sense Other than that it's pure 'speculative mining' which I haven't been a fan of lately.

This I agree with.  If you are not into mining already, take all that $ you were going to spend on a miner and buy coins with it.

The best thing is to buy coins directly cause it tell us that these coins will have their prices multiplied by many times in the coming months. Do not be surprised if you see eth for $1500 march next year.

I turned off everything except for a rig with RX560/570 cards that are mining a CN-fork coin and just barely making $0.20/day of profit after electricity. If I were selling what I mined on a daily basis this wouldn't be worth the bother, but since I am hodling the coins the modest profitability means I am making more coins per day than I could get from buying for the same cost as the electricity.

However, if the profit turns into a loss - as it has with the Equihash and Ethash coins I was mining - then I will turn this last rig off, too, and buy coins instead.

about 12 cents is still profitable on eth on a 470 doing 28 hash.  Not sure what you are talking about.  

Mining on video cards is currently profitable only with a low price of electricity of about 6-7 cents per kilowatt and below. At the same time, the profit is very small and the number of profitable coins for mining has significantly decreased due to the appearance of many ASICs.

I stopped mining around 2 months ago. I have 0.15$/Kwh, I was mining for peanuts but I had it enough and Sold out 80% of my farm. I occasionally mine on my remaining rigs. I was thinking about going solar but it doesn't make any sense to me. I will be hardly making my ROI in the long run. The only value I saw in solar was I could completely go grid-free after breaking even and selling out the farm. But I couldn't invest in it due to different issues. I have had my fair share of 'speculative mining' too. It is time to move on I guess.

I'm moving this industry forward unlike you prostitution it like you...trust me son

Anytime brother well except for next week, kids bday! 

Door is always open for ya.

I just want to come over, smash some blocks and grill steaks my man!

dagarair - source : https://bitcointalksearch.org/topic/m.43227027

Are you guys fair weather miners?  I'm in it if i'm making 5 cents per card a day because i have FAITH that crypto will emerge stronger in the future.  If you have the equipment and you are not mining at even a 1 cent profit i don't get it.  I get it at a loss, i guess (even though i still mine at a loss sometimes) but even at a 1 cent profit IF you have the equipment it's worth the risk in my opinion if you have the ability to keep the coin at these prices.  If you have to sell it to pay your bills, then I get it i guess, but then you probably should not have been mining in the first place because that's in essence like living check to check.

That's my view anyway.  

PS Solar is retarded.  

Solar is not the amazing investment many people make it out to be -- do you personally run solar? & if so to support how many rigs (power)?

I'm not interested in keeping my house for more than another year or two max --- so anyway you cut it solar was never the right decision for me

I think this is great advice and one of my goals by year end is to get some nodes up (no profit nodes) to support some of the coins I like / want to see do well -- BTC being one of them

thanks for the +1 luno lol

& hiphoptrail you feel good now? I hope your life gets better man, because if someone trying to create quality cryptocurrency content to do my small part in moving this sector forward bothers you . . IDK what to tell ya!

There's a difference between my as least bias as possible view vs what I will do with my personal mining farm.

this essentially sums it up, & this number will vary for everyone but at some point it simply does not make sense to invest the time and money into mining --- For many it is still a lucrative endeavor, or perhaps speculation mining is allowing you to still do very well --- however the overall bad health of crypto mining profitability cannot be ignored.

Agreed, not trying to be negative lately but this will really slap some people in the face lol

You'll leave crypto before I do

Sad truth but people do keep blinding themselves with those facts and instead like to continue on the things that they do believe out.


I would prefer to buy than to mine the coin which i do know that im just mining on paying the electricity cost.

yeah you are right everyone gotta eat.

Past performance doesn’t guarantee future returns.  Don’t invest more than you can afford to lose. These two phrases are synonymous with crypto!. (Cuz we all know there are far smarter players in this game. Only here to fleece the uninformed—->don’t be this guy). There are far better investsments ie (yourself) that one can put this kind of time and resource into and get so much more out of it.  Your gain in crypto is someone’s  loss.  Does that make you feel good.  I have a disdain for markets.  No one should be able to make money off price movements.  How is that even a thing.  How does one get to steal the wealth created by others.  Why do we as a society allow this behavior.  I’d say it’s because we have too many unwise to the situation.  When we have banks the likes of Wells Fargo making billions off fraud and only fined a percentage of the gains is really a fucking joke.  Makes the whole system laughable in my eyes.  Crypto being easily manipulated by the Chinese makes this no better.  In order for crypto to work you have to have a world that gives two shits about facts.  Well facts are bad for business.  So what do we do about this shitstorm we have created for ourselves?   I’d say first step is recognizing there is a problem.  Step out of your bubbles/comfort zone once in a while.  Stop ignoring facts for financial gain.  Br