Topic: I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day (Read 3024 times)

New supply of Video cards are coming and they are even cheaper due to the low demand of it.
Because many miners pulled out and most of these miners are the ones who expected returns for few months.
https://arstechnica.com/gadgets/2018/03/the-hunt-for-cheaper-gpus-is-finding-some-unexpected-bargains/

Probably is No, as he says misery on mining profit

he's accumulating as much as ETH and Monero as he can, same as mine

I'd better buy coins than buying GPU rig as of the moment

Do you still make profit mining the eTH or Xmr?

Me too, I don’t buy new cards from January of this year. Profit is miserable. I undervolted my cards as much as I can and I’m accumulating ETHs and Monero waiting for better time.

There are very few coins that I would buy and hold for 2 plus years other than BTC.  There are plenty of shitcoins to buy, wait/hope for a pump, and trade for BTC though.  There have been plenty of opportunities to buy BTC at a low this year, if you have the cash to do it.  Will you have another opportunity to buy lower than 5k this year ... Maybe.

As for mining, the way I look at gpu mining has drastically changed from the point at which I started last fall.  Back then, I was thinking "how much will I risk holding in btc".  As a few months went by, I realized that was a dumb question.  The answer is "all of it".  If you have gpu's that haven't paid for themselves (and most, if not all that were purchased last fall probably have not), there really is no other way than to mine ... try to sell your mined coins for btc at a time when the btc pairing is at a high, and continue to hold in btc if/when next bull run ... In addition to paying for the electricity out of your own pocket.

Some may disagree with that, but it seems like the best option to me.  Some may not have the means to pay for electricity out of their own pocket without selling mined coins, but all they are doing is prolonging the time it takes to pay yourself back for the investment in mining hardware.

All things considered, I don't regret buying gpu's last fall.  But I do have a longer term outlook as opposed to someone who is focused on daily profits in fiat.  I'm also happy that I've split my time/funds between mining and trading.  Trading has certainly helped me in obtaining more btc.

Ya everyone on ETH this ETH that, hello there are way more coins than ETH I haven't mined a coin listed on wtm in months and really I don't care about ETH the chain is always over loaded and its a hub for hacks plus not one normal person can write a contact or even download the blockchain to run a desktop wallet

Lol.

I've made a small fortune so I don't know what you are talking about...you are not mining right if you are losing money or making only a dollar a day on it. Come look what Hash-kings has done...https://bitcointalk.org/index.php?topic=4800698.new#new

If you want to make money, it takes a lot of effort...but alt currencies are alive and well if you know what you are doing

Smart people are buying coins right now, buying bits by bits cause they dont want this downtrend to end, this is the best time to buy because once it starts rising again it goes 20x - 100x of what is now. As for mining, anybody buying hardware will end up losing a lot of money if they mine and sell now, if they hold maybe it can be good, in 2014 ltc crashed from $50 to $1 and whoever bought those ltc for $1 at that time made a huge profit, times like this is the best time to buy coins and hold for 2 years or so.

300k cards would constitute a loss? I cant see that, thats only like 300 million

And Nvidia is calling this past year a loss for them.
I think it was because of all those cards that got sent back to them in masses.

Some say their minimum withdrawal amount required for a payout is too high at 0.05
With Ethereum going down $0.35 mining per day from just a week ago it will take longer and longer to reach this threshold if this keeps up.

We all knew this would happen eventually.

Take 2013 bubble for example. Back then the prices for the R9 280X was like $500 but the GPU made like $10/day back in Nov 2013.

Fast forward a few months to Feb 2014 and it pulled in $5/day, the month after $2.50/day, the month after that about $1.25/day and fast forward to the end of the year and I think it will pulling in $0.25/day.

And it was worse because it used much more power than most of the GPUs today.

The only difference between those GPUs and today is that there was less GPUs mining and GPUs to sell, so the supply got absorbed by the gamers. These days there are millions of these GPUs out there.

why not nanopool

It is better to use one algorithm if you can find the good coin to mine.

If you have time and will, single coin mining is always more profitable. I have used Nemos for some time, but always ended getting payed less. Algo switching is for the lazy, way too busy, or people that do not have much knowledge.

From a profitability point view: does it make sense to use an algo switching software like Nemo or All-in-Miner?

Or is just better to stick to one algo such as x16r?

But if you wait ... And get jacked off later at a higher price on your alt, you win.  Problem is that this idiots like Digital Drug Lord (OP) and others are concerned about the daily.  No one that has any common sense is concerned about price.

This is a remider

Whattomine calculations are based at present/todays profitability

you can't actually use this as reference on the number of days on your rig to get paid off

current difficulty and price is not the same for tomorrow, the next days/months or year

Using whattomine.com :

1 1080ti = $2.20/$1.74 (revenue/after electricity. The lowest price card on newegg is 750. Thats 431 days till it pays for itself @ current price (mining Nicehash-Lyra2REv2)
1 rx580 8 gig = $1.39/$1.07. The lowest price card on newegg is 320. Thats 299 days till its paid off mining EthereumClassic.
1 1070 = $1.38/$1.10. Cheapest card on newegg is 450. Thats 409 days till paid off.



I know which one I would choose. more $$ does not equal better card for mining.