If you are an experienced miner you are probably thinking of a long term investment.
Your first long term investment was when you bought a rig, considering its stability, durability of its components, energy consumption (for example, PUE of aircooled rig is up to 2.0, PUE of liquid cooled 1.05 this is where you feel a significant difference), the ability of the rig to change the components, upgrade its parts or even change the mining algorithms.
Your second longterm investment - not cashing out your mining profits daily.
With the right choice even at current electricity prices you can still have a small but regular profit with a future handicap.
Topic: if you live in the EU, watch your profit. I've already turned off my rigs. - page 2. (Read 3299 times)
July 13, 2018, 03:21:13 AM
July 12, 2018, 07:37:29 PM
I have a 13 GPU (RX580) rig which today generates around 11 euro a day and consumes 1750 watt on the wall. My electricity cost is 0.06 euro per kw/h hence per day approx 2.50 euro per day. Leaves 8.50 euro per day or approx 255 euro per month. not that great but still profitable. lets hope for better times.
July 12, 2018, 12:37:04 PM
Yeah, after bitcoin down and others altcoin since ATH. The mining profitability is very low at the moment.
I have 10 RX 570 card, based on coincalculator i got $9/day and after electricity is $6 per day. This is very not worthed
I have 10 RX 570 card, based on coincalculator i got $9/day and after electricity is $6 per day. This is very not worthed
July 12, 2018, 11:09:38 AM
since last time, today i'm shutting down my rigs. The total profit after electricity is just about 85€ (about 100$) per month. I live by the sea, and in my mining room i have normally from 32ºC to 40ºC with a 24 hours two fan working to move and take out hot air. Air conditioning ON would destroy any profit right now.
What a disaster.
What a disaster.
June 30, 2018, 01:35:03 AM
ETH would be a smart choice, especially if you are not forced to periodically sell your mining earnings, and can hold on till the price recovers a bit. These current prices
can be considered a solid bottom for robust coins like ETH & ZEC.
can be considered a solid bottom for robust coins like ETH & ZEC.
Exactly, and in the end you also have to say to yourself how do I want things to be, I dont want 10000 shitcoins being arround, now i dont call XMR a shitcoin, but manny of the other coins some waste their hashing power is shitcoins, and will most likely never be worth much so they are speculative mining something thats most likely never going up unless the big boss bitcoin pulls it up.
As long as some support mine buy etc shitcoins they are gona be arround. What they should be doing was to mine one of the big established coins, and show their support to something that has proven itself. Its all about the greed, people think they came to late for ETH "now i better mine this shitcoin and hope it goes 1000x", well let me be clear here it most likely wont, and you would be better of mining ETH and buying your shitcoin since eth is what gives the most for most common graphics cards.
June 29, 2018, 07:39:27 PM
Heh you dont have to be rude man, and XMR is only that good for cards with HBM. And you can say what you want, but in my opinion those most stupid are those with vega's, at the time they were released you should have known the bubble would burst
So dont try to tell others they are stupid by showing your own stupidity.
great comment, a lot of people with very little business sense and professionalism get into mining and then come here to spread false propaganda about their fallacious business
practices. ETH would be a smart choice, especially if you are not forced to periodically sell your mining earnings, and can hold on till the price recovers a bit. These current prices
can be considered a solid bottom for robust coins like ETH & ZEC.
June 29, 2018, 06:44:51 PM
because ~95% of the miners are retarded and dont know what they are doing
yes everybody who mines directly eth is either stupid or have free electricity, if your 580´s are not good on cryptonight your biosmod and/or mienr config sucks,
buy a fucking wattmeter then you will see the difference between ethash and cN, 850mv-875mv says a fuck about real powerdraw on different algos.
you need alot to learn
just a small example with my 4 vega rig
with proper tuning/config
4 vegas = ~180mhs eth = 5,59$ daily befory electricity(~950w from the wall whole rig)
4 vegas = 8000hs xmr = 6,49$ daily before electricity(~710w from the wall whole rig)
(profits i took current stats from whattomine for idiots)
cn = -25% powerdraw + 16% more $ daily on xmr + 25% saved electricity
yes everybody who mines directly eth is either stupid or have free electricity, if your 580´s are not good on cryptonight your biosmod and/or mienr config sucks,
buy a fucking wattmeter then you will see the difference between ethash and cN, 850mv-875mv says a fuck about real powerdraw on different algos.
you need alot to learn
just a small example with my 4 vega rig
with proper tuning/config
4 vegas = ~180mhs eth = 5,59$ daily befory electricity(~950w from the wall whole rig)
4 vegas = 8000hs xmr = 6,49$ daily before electricity(~710w from the wall whole rig)
(profits i took current stats from whattomine for idiots)
cn = -25% powerdraw + 16% more $ daily on xmr + 25% saved electricity
Heh you dont have to be rude man, and XMR is only that good for cards with HBM. And you can say what you want, but in my opinion those most stupid are those with vega's, at the time they were released you should have known the bubble would burst
So dont try to tell others they are stupid by showing your own stupidity.
June 29, 2018, 06:27:32 PM
I mine eth directly, it is more profitable then XMR, i also mined XMR on part of my farm, not anymore, I did not sell eth for about half a year while mining and paying electricity.
Shit happens.
I honestly don't know how you manage not to be profitable with current difficulty and eth cost (again, i'm mining eth not usd anyway).
Shit happens.
I honestly don't know how you manage not to be profitable with current difficulty and eth cost (again, i'm mining eth not usd anyway).
June 29, 2018, 06:16:31 PM
its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
if that was the case , can you explain to me why the network hashrate for XMR and ZEC are below 1Gh/s , while ETH is around 250.000GH???
So, everybody mining ETH is stupid, because its more profitable to mine Cryptonight and exchange??
sorry, i don't believe you. Why? Because for my cards, (RX 580) are not so good in that algorith, and the power consumption makes almost no difference. All my cards are doing 30+ mh/s of ETH algo and all are working between 850 and 875mv which is an astonishing number for this cards.
because ~95% of the miners are retarded and dont know what they are doing
yes everybody who mines directly eth is either stupid or have free electricity, if your 580´s are not good on cryptonight your biosmod and/or mienr config sucks,
buy a fucking wattmeter then you will see the difference between ethash and cN, 850mv-875mv says a fuck about real powerdraw on different algos.
you need alot to learn
just a small example with my 4 vega rig
with proper tuning/config
4 vegas = ~180mhs eth = 5,59$ daily befory electricity(~950w from the wall whole rig)
4 vegas = 8000hs xmr = 6,49$ daily before electricity(~710w from the wall whole rig)
(profits i took current stats from whattomine for idiots)
cn = -25% powerdraw + 16% more $ daily on xmr + 25% saved electricity
June 29, 2018, 05:45:35 PM
I still see people buying together many expensive multi-GPU rigs for mining. I myself sold my rig in April, the profit wasn't worth it anymore with all the heat/noise produced. VEGA cards are going really nicely for miners, maybe some of them know things we don't
June 29, 2018, 04:45:31 PM
The only people shutting down their mining operations are only those who don't believe in bitcoin and other cryptos. These type of persons are in only for the money and are not a value to the bitcoin community. I compare these people like flies who only want to suck blood.
If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.
If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.
Mining at a lost only works if difficulty goes down and you can mine more coins even at slight loss, However we got the opposite issue this time in this bear trend, Difficulty keeps rising up, profits down, losing money. Why give out free money?
June 29, 2018, 04:37:32 PM
The only people shutting down their mining operations are only those who don't believe in bitcoin and other cryptos. These type of persons are in only for the money and are not a value to the bitcoin community. I compare these people like flies who only want to suck blood.
If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.
If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.
June 29, 2018, 02:19:08 PM
its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
if that was the case , can you explain to me why the network hashrate for XMR and ZEC are below 1Gh/s , while ETH is around 250.000GH???
So, everybody mining ETH is stupid, because its more profitable to mine Cryptonight and exchange??
sorry, i don't believe you. Why? Because for my cards, (RX 580) are not so good in that algorith, and the power consumption makes almost no difference. All my cards are doing 30+ mh/s of ETH algo and all are working between 850 and 875mv which is an astonishing number for this cards.
June 29, 2018, 09:40:08 AM
its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange
June 29, 2018, 05:59:19 AM
not turning off my rigs
Unlimited normal household power consumption
monthly rate
30 m² 22,90 €
31-50 m² 26,90 €
51-70 m² 30,90 €
71-90 m² 34,90 €
91-120 m² 38,90 €
121-150 m² 42,90 €
Unlimited normal household power consumption
monthly rate
30 m² 22,90 €
31-50 m² 26,90 €
51-70 m² 30,90 €
71-90 m² 34,90 €
91-120 m² 38,90 €
121-150 m² 42,90 €
June 29, 2018, 09:30:17 AM
today, another crash for ETH.
my Electricity bill for two months for the hole house has been 360$ which is a lot.
I've obtained 0.81 ish ETH on May, i around 0,76ish on June. This reduction has to do with the enormous increase in difficulty , due to ASIC mofos.
The profit today, electricity cost included, will be about 83$ per month.
More over, it's to consider one thing.
ETH can go PoS at any moment. The value of ETH is because in can be traded. If it's value would be related to technology, it would not change almost at all. So, if PoS disables ETH to be traded, buy , sell or mined, is the value going to go up or down??
Which event can give more value to ETH. Being in a market? or being centralized with the only value of the smart contracts signed with this blockchain. Take a guess.
As soon as PoS comes to ETH, make sure you´ve sold everything.
my Electricity bill for two months for the hole house has been 360$ which is a lot.
I've obtained 0.81 ish ETH on May, i around 0,76ish on June. This reduction has to do with the enormous increase in difficulty , due to ASIC mofos.
The profit today, electricity cost included, will be about 83$ per month.
More over, it's to consider one thing.
ETH can go PoS at any moment. The value of ETH is because in can be traded. If it's value would be related to technology, it would not change almost at all. So, if PoS disables ETH to be traded, buy , sell or mined, is the value going to go up or down??
Which event can give more value to ETH. Being in a market? or being centralized with the only value of the smart contracts signed with this blockchain. Take a guess.
As soon as PoS comes to ETH, make sure you´ve sold everything.
June 29, 2018, 06:05:51 AM
not turning off my rigs
Unlimited normal household power consumption
monthly rate
30 m² 22,90 €
31-50 m² 26,90 €
51-70 m² 30,90 €
71-90 m² 34,90 €
91-120 m² 38,90 €
121-150 m² 42,90 €
Unlimited normal household power consumption
monthly rate
30 m² 22,90 €
31-50 m² 26,90 €
51-70 m² 30,90 €
71-90 m² 34,90 €
91-120 m² 38,90 €
121-150 m² 42,90 €
you are the lucky one. normally EU citizens pay between 0,05 - 0,30 euro cent per kWh
i am still making profit with 0,15 cent per kWh as a private person and 0,10 cent per kWh as a business
June 28, 2018, 11:47:35 PM
I've already changed my mindset. my mining rigs are unprofitable but they are paid off. I still mine to make sure Im paying for my coin with electric instead. Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits. This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
Sadly, it may be you who gets run down to the ground first.
You are running at $0.26 cents average electric cost. Sorry to burst your bubble but much smarter people who also know how to optimize mining rigs are also mining at locations where electric costs are much lower. Hope you can shed some light on your plan and share it with us regular people.
June 28, 2018, 10:44:09 PM
I've already changed my mindset. my mining rigs are unprofitable but they are paid off. I still mine to make sure Im paying for my coin with electric instead. Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits. This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
Sadly, it may be you who gets run down to the ground first.
You are running at $0.26 cents average electric cost. Sorry to burst your bubble but much smarter people who also know how to optimize mining rigs are also mining at locations where electric costs are much lower. Hope you can shed some light on your plan and share it with us regular people.
June 28, 2018, 09:53:57 PM
I've already changed my mindset. my mining rigs are unprofitable but they are paid off. I still mine to make sure Im paying for my coin with electric instead. Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits. This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
So ya this will be a pure test of who capitulates and gives up. I expect profits to actually get worst till end of year. I'll run you guys down to the ground into negative earnings and i'll enjoy you giving up and capitulate. I get a high off of this!!!
I have nvidia 1070ti/1080/1080ti rigs.
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