.50 a day is not really true.
Even if it was, it doesn't matter. You are getting coins. If you are mining and selling your .50c a day, then yes you are a fool. But if you are mining and holding it because we know bitcoin will be worth a ton one day, then who cares?
If you are gpu mining for 24 hour profit, definitely not worth it. But if you want coins, its worth it. You are thinking short term. You should say you are mining your 1070 for x eth a day. Or whatever you are mining / trading / collecting.
Topic: GPU mining will die in 2018! - page 26. (Read 16909 times)
I know many people who bought 10s of top tier GPUs in the last couple of months when they were overpriced. Because they joined the party late and didn't want to miss any more days. But the profitability on most GPU minable coins is very low now so many of them will start selling their whole rigs at half price. I expect this and if it really happens, I will buy them. It is a risk but I think that the demand for GPU mining is so big that new cryptocurrencies will come that will give advantage to GPUs again so there will always be a coin to mine. But people who are used to mining only ETH, will soon quit because it will not be profitable anymore.
It can be profitable still but it is some fulishness to mine ETH and earn $0.5 per day on GTX 1070 card for example.
SIA is coming out with their own asics, why would they fork off of them?
They debated this awhile ago and decided they are not forking.
They debated this awhile ago and decided they are not forking.
When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.
Not forking? Oh I didn't the memo.
GPU mining will not die because the new algorithm X16R is anti ASICS and i believe most algorithm will move towards this direction
SIA is coming out with their own asics, why would they fork off of them?
They debated this awhile ago and decided they are not forking.
They debated this awhile ago and decided they are not forking.
When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.
This will reduce the price of GPU, at present 500$ vega 56 GPU is for sale at a price of 800-900$
Price is going high
Still, people use GPU and reason is
we can mine any coin using GPU mining
we can use GPU for other purposes as well
Resale value of GPU is high
Price is going high
Still, people use GPU and reason is
we can mine any coin using GPU mining
we can use GPU for other purposes as well
Resale value of GPU is high
When Monero hard forks I'm predicting it will rise above Ethereum as the #1 most profitable GPU mined coin and well into 2019 at that. Sia is also forking off the ASICs.
I'm newer to the mining world and I can't help but notice the FOMO involved in trading is the same when you talk about mining. You can't get the big gains if you can't afford to take a short term loss/break even.
I know many people who bought 10s of top tier GPUs in the last couple of months when they were overpriced. Because they joined the party late and didn't want to miss any more days. But the profitability on most GPU minable coins is very low now so many of them will start selling their whole rigs at half price. I expect this and if it really happens, I will buy them. It is a risk but I think that the demand for GPU mining is so big that new cryptocurrencies will come that will give advantage to GPUs again so there will always be a coin to mine. But people who are used to mining only ETH, will soon quit because it will not be profitable anymore.
Ad for me - GPU mining is almost dead. This is sad, but this is true
oooooooooooohhhhhhhhhhh nooooooooooooooooooo, gpu mining profitability is almost dead and so are you trolls hehe, just do not forget before you commit suicide to use your last money to buy a fabricated coffin for the ultimate resting and peace feature hehe
Lol. I'm starting to warm up to you. You're so much more fun than a month ago
Mine disaster? There is no such thing as a drop in the value of the currency, which is still a few times more than a dozen times last year, and the high yield of the graphics card is emerging.
Everytime they change their algo ,ASIC will go useless
Apparantly most of ASICs is useless at current prices too. Without algo changes
Everytime they change their algo ,ASIC will go useless
just let us have a tea or two and wait. i guess at summer we will be back in the game. cryptos have to recover and everything will be well again. all power to the power of gpu mining.
summer electric prices will destroy alot of farmers if these prices to not stablize at around 500bill cap
oooooooooooohhhhhhhhhhh nooooooooooooooooooo, gpu mining profitability is almost dead and so are you trolls hehe, just do not forget before you commit suicide to use your last money to buy a fabricated coffin for the ultimate resting and peace feature hehe
Metroid must be stroking himself watching the charts right now.
Hehe.
Metroid must be stroking himself watching the charts right now.
Make it more realistic for people mining ETH.
You have 100 1070's, in a data center colo, paying .05 kilowatt.
https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=3000.0&p=130.0&fee=1&cost=0.05&hcost=0&commit=Calculate
Still doing pretty good. You will still have the small cost of the space. Colo's love miners since we use no bandwidth. No risk of anything to them but power usage. You can work a nice price on the space. Most of my bill is electricity.
Also that calc is wrong. It depends on how you mine, can change your profits by 25-30%+
You have 100 1070's, in a data center colo, paying .05 kilowatt.
https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=3000.0&p=130.0&fee=1&cost=0.05&hcost=0&commit=Calculate
Still doing pretty good. You will still have the small cost of the space. Colo's love miners since we use no bandwidth. No risk of anything to them but power usage. You can work a nice price on the space. Most of my bill is electricity.
Also that calc is wrong. It depends on how you mine, can change your profits by 25-30%+
Gpu Mining is for kids . I mean your competing with gamers that will mine and get free electricity from parents. Gpu is dead. Asic is big boy stuff more serious. Not everyone is willing to compete at that high level of pre order ahead of time, have it ship from China and deal with the heat and loud noise it generates. Plus more asic buyer means more gpu for kids.
Gpu at $1 dollar a day is pathetic. Get an asic and grow some
Gpu at $1 dollar a day is pathetic. Get an asic and grow some
HAHAHAHA. Funniest thing I've read all day
Funniest and dummmbestttt.
by the way eth profitability is all time low 2018, right now most miners around the world is just getting $0.40 per card.
https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30&p=140&fee=2.0&cost=0.2&hcost=440&commit=Calculate
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