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Topic: I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day - page 8. (Read 3005 times)

newbie
Activity: 65
Merit: 0
2016. was the year to get into mining. After that GPU prices went up and mining difficulty followed. Now GPU prices are still high along with the difficulty plus crypto prices are going down. There are no reasons anymore to become a small miner because you can earn more by buying cryptos now while they are at a "discount" and hodling. I see very many people selling their relatively new mining rigs.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Many people bought rigs and were expecting to break even just on a few months while prices were surging but alt prices quickly started dropping. The profitability of cards hindered. Perhaps some could make profit by selling back cards but the market would be saturated in that case too. Profit altcoin mining is once again going down so all in all I don't think this trend is a reliable way to make money.
member
Activity: 294
Merit: 12
I only bought 1 1080ti. If I would have bought a rig I would be I the red and very upset
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