To date, I think pattanan is the only person who has posted decent evidence to support 1070 hash rates.
vaulter says 27mh/s on 1070 but does not post logs, specs, miner settings, etc. The only thing he posted was a rig of 1080s and a screenshot of something unconfirmed.
His documentation skills have been quite poor.
Not to mention there is reported hashrates of similar or the same GPU hardware with significantly different hashrates.
I'll take this information given as a grain of salt.
In either case, the 1070 is going for $450 and up as of 6.10.16.
Even if it mined 27 mh/s, it would not be profitable @ current eth rate of $14/ether for at least 4.5 months.
At $350 or $450 per card, the 1070 just does not seem to be a good candidate for ethereum mining unless power and cooling issues are a factor.
vaulter says 27mh/s on 1070 but does not post logs, specs, miner settings, etc. The only thing he posted was a rig of 1080s and a screenshot of something unconfirmed.
His documentation skills have been quite poor.
Not to mention there is reported hashrates of similar or the same GPU hardware with significantly different hashrates.
I'll take this information given as a grain of salt.
In either case, the 1070 is going for $450 and up as of 6.10.16.
Even if it mined 27 mh/s, it would not be profitable @ current eth rate of $14/ether for at least 4.5 months.
At $350 or $450 per card, the 1070 just does not seem to be a good candidate for ethereum mining unless power and cooling issues are a factor.
it does not work like, that the card is immediately profitable from the moment you plug and play, because it give you more money than consumption, much more
reaching roi has nothing to do with this, because you can always sell your card at any point and have 100% refund basically, since those gpu are still new, they will hold their value for many months if not years
It’s not immediately profitable. You have a cost of $350 to $450 per card + whatever cost of tax and shipping is incurred. You also incur business cost of $/kwh.
That’s essentially business cost.
Yes, mining ethereum will currently return more monetary value than the cost of electricity, but it’s still not profit until its monetary value exceeds your infrastructure and operating costs. Until then what you mine is not profit, its just revenue. Even then you have to account for exchange fees of 0.25% to 1% in most cases + ~4.5 to 17 cents transfer fees of ethereum and bitcoin systems.
ROI has plenty to do with purchasing and investing in things like this. Anyone with a good strategy would factor this in ahead of time. And to think you will get 100% of the GPU purchase price via resale is very unlikely in most cases.
it can be true with old gpu, but not with new gpu, with new gpu there are high chance to sell them again for almost 100% of their original value
I bought a few R9 390 a month ago, it was $378 each. I can buy the same model from the same shop for $280 each. If I sell now, it might be $200 each.
