Just make mining seasonal, a winter event, if it will double as a heater and that heat exchange will save you on heating cost.
It sounds like: "Just make your job seasonal". Mining is a work. You ought to analyze different markets, coins. You have to make research what coin may be interesting in future and what would cost nothing. 
Topic: I Turned My Rigs Off... (Read 3025 times)
Just make mining seasonal, a winter event, if it will double as a heater and that heat exchange will save you on heating cost.
Your going to need a 20k bitcoin in order to get $2 dollars per gpu per day and I would consider this fair work for fair pay from a small line of work business accounting perspective.
In order to get party time $5 dollars a day per gpu like the good ole days you will need a 60k-100k+ btc price. So don't expect party time anytime this year. Give it 2-3 years.
In order to get party time $5 dollars a day per gpu like the good ole days you will need a 60k-100k+ btc price. So don't expect party time anytime this year. Give it 2-3 years.
Currently the 1080ti gets $1.3 USD per day with ~$0.5 power cost, used card in warranty costs $500~600 on ebay. Not that bad if you still plays some games.
Your going to need a 20k bitcoin in order to get $2 dollars per gpu per day and I would consider this fair work for fair pay from a small line of work business accounting perspective.
In order to get party time $5 dollars a day per gpu like the good ole days you will need a 60k-100k+ btc price. So don't expect party time anytime this year. Give it 2-3 years.
In order to get party time $5 dollars a day per gpu like the good ole days you will need a 60k-100k+ btc price. So don't expect party time anytime this year. Give it 2-3 years.
Damn.
OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
Too much competition and the difficulties increasing like crazy due to crazy hash power, now the miners seem to be cooling down but still leaving the high difficulties and that could make the whole blockchain slowing down aswell. The only way for instant profit recovery for all these miners that still running until now is the new ATH.OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
In fact, this is a direct competition - the strongest win and will remain mine
Too much competition and the difficulties increasing like crazy due to crazy hash power, now the miners seem to be cooling down but still leaving the high difficulties and that could make the whole blockchain slowing down aswell. The only way for instant profit recovery for all these miners that still running until now is the new ATH.
Try to calculate by yourself. But dont compare results with the end of 2017. Compare it with real life investment. What ROI you get, how much work you have to do, your chances to lose money, etc.The mining is one of the profitable business right now. If you work hard on it. It is the same for any business.
Damn.
OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
Too much competition and the difficulties increasing like crazy due to crazy hash power, now the miners seem to be cooling down but still leaving the high difficulties and that could make the whole blockchain slowing down aswell. The only way for instant profit recovery for all these miners that still running until now is the new ATH. OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
Turn off your rigs, indeed... hehe 
Damn.
OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
OP was paying 0,06 for kw and still wasn't profitable.
Back when I was mining in 2013 or so I paid 0,25 or more, with extra fee for excess consumption.
And was profitable for a while! Especially since I held until 2017.
I hope the mining scene recovers soon.
It is not always green as their can be some off days and seasons. I have not been so much of a miner but I see that the venture is not favorable to all persons and for some kind situations. Not sure setting up a farm in my part of the world will be worth it
When they are only using small mining rigs and it's not so emerged. Those get caught caused by they are using mining that consumes a lot of electricity and then they have created a big power consumption.
I just think what they wanna do is always "I turned my rigs on" because I earn something without nothing.
that's a fun fact
I just think what they wanna do is always "I turned my rigs on" because I earn something without nothing.
that's a fun factYes, exactly. Especially many of these miners where mining coins only for the CPU. They use the processing power of processors that are installed in different organizations. In fact, it is a theft of electricity and computing power, which is converted into money. But the most interesting thing is that they do not consider themselves thieves.
When they are only using small mining rigs and it's not so emerged. Those get caught caused by they are using mining that consumes a lot of electricity and then they have created a big power consumption.
I just think what they wanna do is always "I turned my rigs on" because I earn something without nothing. that's a fun fact
It doesnt matter big or small rig. Its steal in both cases. And i think that sometime its becomes known. May be several years later, it doesnt matter. Thief is a thief. I just think what they wanna do is always "I turned my rigs on" because I earn something without nothing.
that's a fun factWhen I turned off my rigs I took a decision to sell every GPU, because everyday your GPU suffer from depreciation, sometimes it's best to have money in your pocket and if better times comes, you can buy new GPUs again easy
I sold everything I had, and no regreat, for me it's not smart to have money invested in rigs and they are on dust...it's your money after all
I sold everything I had, and no regreat, for me it's not smart to have money invested in rigs and they are on dust...it's your money after all
The new upcoming AMD Navi gpu's are coming out this summer, so just maybe you reinvest what you sold for and re-enter the mining scene. Also Bitcoin has been on the rise since the start of 2019, so that should help profitability.
second - its until this "clever" boy would be catched.
You should not think that all these people will be caught. One in a thousand might get caught. And the rest will continue their activities.
I just think what they wanna do is always "I turned my rigs on" because I earn something without nothing.
that's a fun fact 
When I turned off my rigs I took a decision to sell every GPU, because everyday your GPU suffer from depreciation, sometimes it's best to have money in your pocket and if better times comes, you can buy new GPUs again easy
I sold everything I had, and no regreat, for me it's not smart to have money invested in rigs and they are on dust...it's your money after all
I sold everything I had, and no regreat, for me it's not smart to have money invested in rigs and they are on dust...it's your money after all
Same here ,my rigs are gathering dusts for now and I regret setting them up in the first place but who knows? The profitable days may return in the future
so am I, my rig is still in the corner of the room with dust. this situation is still not profitable, but who knows it will be profitable again later? I hope so
Mining at this point is profitable again if you have recovered the investment you have made to buy your mining equipment.Mining Ethereum with a six graphic cards rig with a 0.07 dollars kilowatt energy price makes you about 50 dollars profit.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
Eth is nearly profitable again, it is true - but 0.07USD electric is very cheap! Sure, if you have prices that low get cracking - just know you are lucky! UK is nearly triple that @ standard residential rates.
I have only one mining device at my home and energy is expensive here for residents.I manage a few mining rigs for some of my colleagues and they keep the miners in our company and pay preferential rate of 0.07 dollars per kilowatt so they have turned their rigs on from a few months now.
I would mine even at Uk rates because I think the crypto can boom again soon and even higher than December 2017.
Bet you wouldn't! I did for a few months, but once it is clear that you are actually really spending £800 a month electric and get £801 (or less) in crypto one does start to think 'WTF am I doing?' - it's basically a very, very time and hardware intensive method to avoid using an exchange.
second - its until this "clever" boy would be catched.
You should not think that all these people will be caught. One in a thousand might get caught. And the rest will continue their activities.
When difficulty isnt really that high lots of miners do really still managed to get some profits but the margin keeps tighten as it rises
and power cost is one of the factor.Im actually on the same foot as yours,im still parking up my rig and waiting for the right time
if i do see some opportunity to mine at profit but for now im not stressing too much myself on seeking those chances.
and power cost is one of the factor.Im actually on the same foot as yours,im still parking up my rig and waiting for the right time
if i do see some opportunity to mine at profit but for now im not stressing too much myself on seeking those chances.
Don't wait when others are also parking their rigs and waiting for a good price to start mining again. We already see a good sign that this price rally with continue. Starting your rigs right now even on a small profit margin is the best thing to do. Don't wait for the difficulty to raised to the roof before you start mining
Exactly, we should mine it before only once the price starts increasing we might make a higher amount, now almost we have to spend half of the money for the sake of mining. Once the price starts increasing many people will start mining the Bitcoin which makes us more difficult to mature the coins.
Mining at this point is profitable again if you have recovered the investment you have made to buy your mining equipment.Mining Ethereum with a six graphic cards rig with a 0.07 dollars kilowatt energy price makes you about 50 dollars profit.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
Eth is nearly profitable again, it is true - but 0.07USD electric is very cheap! Sure, if you have prices that low get cracking - just know you are lucky! UK is nearly triple that @ standard residential rates.
I have only one mining device at my home and energy is expensive here for residents.I manage a few mining rigs for some of my colleagues and they keep the miners in our company and pay preferential rate of 0.07 dollars per kilowatt so they have turned their rigs on from a few months now.
I would mine even at Uk rates because I think the crypto can boom again soon and even higher than December 2017.
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