Topic: if you live in the EU, watch your profit. I've already turned off my rigs. - page 3. (Read 3299 times)

I have reduced the voltage and make them more efficient. So less heat.

Can't agree. If you were regularly checkinf whattomine or nicehash this winter, you may would see that profit with gtx1080ti was insane. It could roi in one month and half but now can't say the same. So still worths to invest in latest hardwares, more risk = possibly more profit or huge loss. I prefer this one + at least you can sell them if anything doesn't happen.

Didn't realize ya'll were mining US Dollars and Fiat......

Im running a super optimized setup with modified kernel modules and such, and only 12 gpu per rig, and its cold here in north sweden so i can do some insane clocks on my memory, your count is spot on got 48 gpu's, the nvidia cards are doing the best, got my 1060's running at arround 70W limit with nvidia smi and doing 23 MH/s, 1070 104W with nvidia smi and running 31 MH/s, RX570 818mv 63W on the gpu part i think limited with ohgodatool, amd power limiting is a bit strange, running 29 MH/s.

The total number is measured with power meter at the wall and added up for my 4 rigs

About roi time on this kind of setup, no idea, bought half of the gpu's in spring 2017, my mistake was buying 24 more later in the fall, and not selling all my ether in the winter, so in the grand total ive just barely broken even now on those 4 rigs, with the 2 first carrying it all.

I WOULD NOT SUGGEST ANYONE TO BUY GPU'S FOR MINING RIGHT NOW YOU NEVER GET ROI, LET ME JUST CLEAR THAT !!!!!

"my 6 gpu RX 580 doing 189.9mh is using 920W from the wall with platinum PSU."

Thats bad numbers man, my 12x RX570 rig does 348 MH/s at 1450W.

1060 are the most efficient cards you can get.

i wouldn´t suggest to invest in new hardware either, roi might be never reached, but who nows...tomorrow odds can be different
if you have your hardware paid off, you can still be profitable after electricity...i´m even mining profitable with 0,20€/kwh
just do some research and give a fuck about whattomine

summer is not there for you yet?

I gave up mning weeks ago.

Don't care what people say. Yes, I am in it for the money. And no, I don't believe BTC will go up in value.

What I'm most afraid of.... the summer is comming

Can you tell me when are you going to ROI?? in 2 years time?? also 1200mh/s with only 4800W. That makes no sense for me. even the lowest mining consumption for 1060 (i have 2 of them) and RX 580 (have 10 of them) are around 110-125. 1060 are not doing 30mh , just 22 to 25 at best. and 1070 just around 33mh the best ones. normal is around 30. if you have 40 gpus (muy guess is you have more than that, like 46 or something like that ), you should be using around 5000W at least. not 4800W. Are you sure of your numbers??

Do me those maths please. it will be interesting.

my 6 gpu RX 580 doing 189.9mh is using 920W from the wall with platinum PSU.
the other rig, mixed with 2 1060 and 4 rx 580 is doing 168,5mh and uses about 850w from the wall.

My rigs are tunned to the max. i spent 1 month trying to go to the lowest stable vcore posible at 1240 core for every single gpu. That's why i have gpus doing 31, 32 and even 32,8mh/s (for my surprise, it's a cheap MSI rx 580 Armor 8gb).

ETH gives profit, but are you ok with winning a month , like me, 140$ ?? i don't think that's worth doing nowadays.

Hello there from sweden, mining is still profitable in europe, here is my numbers.

ETH 1200 MH/s @ 4800W / 0.15$ KWh.

Mixed 1060, 1070 and RX570.

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=1200&HashingUnit=MH%2Fs&PowerConsumption=4800&CostPerkWh=0.15&MiningPoolFee=1

ASICS is another thing, used to mine LTC but shut them down some time ago.

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=3100&HashingUnit=MH%2Fs&PowerConsumption=4750&CostPerkWh=0.15&MiningPoolFee=0

yeah cant make money

If you can, mine and hodl, cash some out when the market picks up again, when it does you'll be happy you did, the slow hard grind makes the gains so much sweeter 

meh i'm still mining eth, still profitable (just less than it used to be) and kinda just waiting to see what happens 

I hear you man. I question headache every day.

Watch your profit people of the EU.

90€ per month for me at best and suffering 35ºC on my room most of the time (even with 2 pedestal fan) one for moving air and another to take it out of the room (through the window). i live by the sea and it's very hot with high humidity.

all of my gpus are the best underclocked possible with tier 1 PSUs Platinum.

I also changed my electricity prices. Now i pay from 13:00 to 23:00 hours 0.21$ and from 23:00 to 13:00 0.094$. (average cost of 0,142) This prices are the best in my country for 24hours continuos use. i spend 60% of the kWh in the cheap hours, and 40% on the expensive hours.

Also the ETH network hashrate is at it's max ever. More and more people are entering mining. Suppose with ASICS to destroy the profit of gpu miners.

if it goes below 400$ (the support of ETH is at 420$ more or less) i will stop them. The market will not recover for a while.

i´ll answer you straight forward.

1º Monero is H/s but that is irrelevant for what we are talking about.

2º The reduction in price that you are talking about , more than nowadays HAD NOTHING TO DO WITH NOWADAYS REASONS. by those days, the problem was not Taxes, nor regulations, nor Failed ICOS or directly SCAM ICOS, it was not about a huge increase in price like that that we saw in December. Nothing to do with governments trying to ban cryptos. Nor Youtube, google , twitter and others banning ads about crypto.

Obviously it had nothing to do with having a capitalization of 820 billion dollars and losing 75% of it. The SEC was not investigating people. China and South Korea had no plan on banning cryptos or closing exchanges. They had no idea of what was crypto as today, and very little people to almost noone knew about crypto, so the market was in hands of big whales cashing out.

Trying to compare this very different situations gives us an idea of your credibility. NEVER the community has had to deal with so many negative aspects around cryptomarket, and although coins have lost more value in %, the problems that face crypto nowadays are way deeper than those that made the coin collapse harder in the past.

Your last statement is glorious. So you tell me not to spread FUD, but you say without a single argument that the market can crash, and afterwards it can increase to numbers never seen before. And your arguments, reasons, data or technical analysis to saying that shitty things??? you have no clue. You are just one of those scared investors that are spreading their hope and thoughts among the community so as to discourage people to leave it, actually harming people WITH LIES.

You are far worst than me. Because i spread reality based on data, arguments and technical analysis that give me the reason. You only spread blind faith. You are only a moron. 

Electricity cost at my country is : IDR.1.400 or $0.1/kWh
I have 10 RX570
Total Wall consumption : 1550 W
Daily profit is : $5.24/day - $157/month

It's too long to take ROI

I dont know why at the price is not profitable, i think this cause of ASIC ( cryptonight ) or Ethash hidden ASIC
just my oppinion

POS staking, it all depends on the current eth's price, before was 1000, now they are talking about 10 eth, soon will be only 1 eth.

even if this wasn’t the case there are pos pools for other coins, but yeah pos will dirve the price way up especially with lower inflation . pos is at least a year away tho

The current Casper roadmap initially requires 1000 ETH to participate in POS rewards. Once sharding is implemented fully in to the main chain, that number is expected to drop to 10 ETH, which makes it accessible to many more people. I would expect once those plans are announced it will easily drive up the price by 2-3x in a short period as people buy up ether to participate in POS.