Topic: GPU Mining Rigs - Is it too late to start?... - page 2. (Read 2099 times)
Initial Coin Offering scam.
Im in the same boat, got 2x1070, 1x1050ti running and would really like to expand...
But in my opinion its very risky at the moment as GPU prices are still super high but coins are low and falling. There are too many people jumping the hypetrain without doing the math so the GPU prices will stay up and difficulty keeps rising. Im at 0,15$/kWh so i think i will not upgrade my system as ROI for 1070 here is above 1 year...ffs i believe Ethereum PoS will be sooner than all the ppl who buy 1070s now ROI...and thats going to change the mining world.
Running after the hype is never good. Good moments to buy hardware are in my opinion when the coin value is high or when there is a new coin that has something real to offer and is worth mining early and hodl, but all I see is ICO scam and worthless copypaste coins that wouldnt earn a dime without hype.
So i will wait another 1 or 2 months and reevaluate the situation
But in my opinion its very risky at the moment as GPU prices are still super high but coins are low and falling. There are too many people jumping the hypetrain without doing the math so the GPU prices will stay up and difficulty keeps rising. Im at 0,15$/kWh so i think i will not upgrade my system as ROI for 1070 here is above 1 year...ffs i believe Ethereum PoS will be sooner than all the ppl who buy 1070s now ROI...and thats going to change the mining world.
Running after the hype is never good. Good moments to buy hardware are in my opinion when the coin value is high or when there is a new coin that has something real to offer and is worth mining early and hodl, but all I see is ICO scam and worthless copypaste coins that wouldnt earn a dime without hype.
So i will wait another 1 or 2 months and reevaluate the situation
I see it said alot, whats ico scam?
Im in the same boat, got 2x1070, 1x1050ti running and would really like to expand...
But in my opinion its very risky at the moment as GPU prices are still super high but coins are low and falling. There are too many people jumping the hypetrain without doing the math so the GPU prices will stay up and difficulty keeps rising. Im at 0,15$/kWh so i think i will not upgrade my system as ROI for 1070 here is above 1 year...ffs i believe Ethereum PoS will be sooner than all the ppl who buy 1070s now ROI...and thats going to change the mining world.
Running after the hype is never good. Good moments to buy hardware are in my opinion when the coin value is high or when there is a new coin that has something real to offer and is worth mining early and hodl, but all I see is ICO scam and worthless copypaste coins that wouldnt earn a dime without hype.
So i will wait another 1 or 2 months and reevaluate the situation
But in my opinion its very risky at the moment as GPU prices are still super high but coins are low and falling. There are too many people jumping the hypetrain without doing the math so the GPU prices will stay up and difficulty keeps rising. Im at 0,15$/kWh so i think i will not upgrade my system as ROI for 1070 here is above 1 year...ffs i believe Ethereum PoS will be sooner than all the ppl who buy 1070s now ROI...and thats going to change the mining world.
Running after the hype is never good. Good moments to buy hardware are in my opinion when the coin value is high or when there is a new coin that has something real to offer and is worth mining early and hodl, but all I see is ICO scam and worthless copypaste coins that wouldnt earn a dime without hype.
So i will wait another 1 or 2 months and reevaluate the situation
nope, not too late to start, you can chip in some for mining equihash algorithm coins
I only mine the following (mostly) :-
zencash
zcash
hush
komodo
other coins mined for fun
decred
eth
sia
chaincoin
try www.whattomine.com and calculate your profit.
I only mine the following (mostly) :-
zencash
zcash
hush
komodo
other coins mined for fun
decred
eth
sia
chaincoin
try www.whattomine.com and calculate your profit.
It goes in cycles, right now profits are not as high, but still you have profit.
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
that is right. If your electricity price is less than $0.1/Kwh, you will make money most of the time.
Mining profits dropping day by day. So you need to think twice before jumping in.
For GPU mining after ETH turn to POS we need some profitable coins to mine. That means we need POW coins with a good dev team and good community support.
My decision investing in GPU mining is not profitable for now.
For GPU mining after ETH turn to POS we need some profitable coins to mine. That means we need POW coins with a good dev team and good community support.
My decision investing in GPU mining is not profitable for now.
That price is double the average electricity rate out here.
I would not dive very deep into mining, as winter gets closer mining will get less profitable. Like the other said it goes in cycles and we have been in the down trend since ~june.
I would not dive very deep into mining, as winter gets closer mining will get less profitable. Like the other said it goes in cycles and we have been in the down trend since ~june.
$0.21 is my electric price per kilowatt
£0.16p in my money (ish)
it depends on which prices you will receive your cards, for example you can buy new @ high price or you can buy used with warranty and discounts
so the less you pay for you hardware , faster you go even and start to receive profits
but my opinion is simple, forget nicehash, in order to receive 25-50% more income from mining you have to lurk for profits yourself
that means find good coin, mine it, and sell it on pumps! with nicehash that is not possible
It goes in cycles, right now profits are not as high, but still you have profit.
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
$0.21 is my electric price per kilowatt
£0.16p in my money (ish)
It goes in cycles, right now profits are not as high, but still you have profit.
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future
Been hobby mining on NiceHash using a single Gtx 1070.... im very tempted to step it up a gear a build a small gpu rig, 3 or 4 cards to start but im not sure, have I missed the good times?
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