Topic: Is GPU Mining Still Profitable? Should YOU Build a Mining Rig? GPU Mining Dead? - page 2. (Read 1292 times)
April 11, 2018, 12:10:44 AM
Thinking seriously about getting into mining. I looked at a pre assembled rig that has two liquid cooled Nvidia TI1080 cards (22gb). I’m hoping that it will be able to turn a nice profit, because the rig will cost about $8000 USD.
April 03, 2018, 01:19:23 AM
Posting this again ... When will the fucktards eventually get that this isn't a daily profit game? I've posted this in two other threads and I feel the need to do it again ...
"I don't know how to tell you this, but you are insanely wrong with part of that. With the 31 gpu's that I have, I mined various coins and traded for btc in the month of March. In the month of March, I ended up with 0.18337303 BTC. If I converted to fiat right now that would equate to $1315.70USD. My electrical costs (rigs and ventilation) for the month were approx $400USD. Do the math and tell me that isn't profit.
I bought my gpu's last year at reasonable prices, not much over MSRP. Not all, but a large portion of my rigs are paid for, if I converted to fiat right now. I'm not converting to fiat at today's btc price (not even to cover electrical costs). I'm placing a bet and waiting. I'm not advocating that someone go out and pay insane gpu prices right now and start building a farm. But do not tell me that gpu mining (in my situation) is not profitable. Lol ... It would be insane for me to shut down my rigs right now and sell everything today."
"I don't know how to tell you this, but you are insanely wrong with part of that. With the 31 gpu's that I have, I mined various coins and traded for btc in the month of March. In the month of March, I ended up with 0.18337303 BTC. If I converted to fiat right now that would equate to $1315.70USD. My electrical costs (rigs and ventilation) for the month were approx $400USD. Do the math and tell me that isn't profit.
I bought my gpu's last year at reasonable prices, not much over MSRP. Not all, but a large portion of my rigs are paid for, if I converted to fiat right now. I'm not converting to fiat at today's btc price (not even to cover electrical costs). I'm placing a bet and waiting. I'm not advocating that someone go out and pay insane gpu prices right now and start building a farm. But do not tell me that gpu mining (in my situation) is not profitable. Lol ... It would be insane for me to shut down my rigs right now and sell everything today."
April 03, 2018, 12:43:02 AM
If you're talking about right now, mining is not very profitable, but it is still earning me more than I'm spending... Right now, I'm only earning about $20/day. At the market's all time high, I was earning about $200/day. Plus, while the actual dollar value of what you mine now isn't worth that much, holding your coins until the market goes back up to its previous all time high would be equivalent to as if you had mined it at that time.
March 25, 2018, 04:09:06 PM
That’s right. Mining is a hobby and side effect is it can be profitable to when done at the right time frame.
Mining used to be profitable. Now it is a hobby.
March 25, 2018, 11:04:19 AM
Yes it's DEFINITELY DEAD! that's why my 7th batch of 10gpu's I ordered online will arrive this week, And it's not profitable anymore, STOP mining! lol!
seriously mining is a hobby once you started it, you can never stop it.. I don't know why..
haha right?! xD seriously mining is a hobby once you started it, you can never stop it.. I don't know why..
Also as stated above switched PDU are an amazing addition to a mining farm
March 14, 2018, 07:35:21 AM
That’s right. Mining is a hobby and side effect is it can be profitable to when done at the right time frame.
March 14, 2018, 07:11:34 AM
Yes it's DEFINITELY DEAD! that's why my 7th batch of 10gpu's I ordered online will arrive this week, And it's not profitable anymore, STOP mining! lol!
seriously mining is a hobby once you started it, you can never stop it.. I don't know why..
seriously mining is a hobby once you started it, you can never stop it.. I don't know why..
March 13, 2018, 08:51:44 PM
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...
So I guess the current ROI time is about 6 month which is rather ok...
Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed
I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.
Paying taxes = Making profits... Since when is being profitable a bad thing? Besides, if prices are way down, why not sell the coin, realize the loss for tax purposes, and buy it back? You'd be in the same exact position, but be much lower with taxes.
Exactly! You're not paying taxes, if you're losing money.
March 13, 2018, 08:51:01 PM
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...
So I guess the current ROI time is about 6 month which is rather ok...
Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed
I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.
Baby sitting rigs? Can't even go on vacation? LOL ... Ever heard of a switched pdu? My rigs almost never go down, but when they do, I get an email. When I get that email, I can cycle the power on any pdu outlet that I want from anywhere that I have an internet connection. I can do it from my smartphone, if I need to.
March 13, 2018, 07:33:25 PM
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...
So I guess the current ROI time is about 6 month which is rather ok...
Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed
I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.
I mean u can go but only if you have a tool like srr
March 05, 2018, 01:54:46 AM
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...
So I guess the current ROI time is about 6 month which is rather ok...
Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed
I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.
Paying taxes = Making profits... Since when is being profitable a bad thing? Besides, if prices are way down, why not sell the coin, realize the loss for tax purposes, and buy it back? You'd be in the same exact position, but be much lower with taxes.
March 05, 2018, 01:50:15 AM
For profitability, do you guys recommend a software like awesome miner or should I just pick a fairly profitable coin that I like and let my machines go to work?
There are many routes to take such as pool switching, algo switching, or coin switching within an algorithm. I recommend speculative mining and hope you hit it big.
March 05, 2018, 12:51:33 AM
It is still profitable to mine but for some of us who pay 0.25 cent per kilowatt it's not much meat left on the bones after expenses to keep me really motivated as a miner. This can change very fast though in crypto if market goes up. I will continue mining with what I got until my cards stops working but I will not upgrade.
Will be more understandable when someone said not profitable to do mining and gave us their reasons. So, one of the reasons someone told that mining didn't become profitable anymore is electricity cost (dependent on which areas). Acceptable!
March 04, 2018, 11:18:04 PM
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...
So I guess the current ROI time is about 6 month which is rather ok...
Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed
I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.
March 04, 2018, 11:14:16 PM
gone are the days people were making $15 a day with a card
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
I Want to know a view of someone (maybe you are miner), are you didn't get any profit from mining? Are you really a miner? Or you just say something that you didn't do? Sorry, no offense. I am a miner and till now still get enough profit every days, weeks, month. May something wrong with your way to mining.
It is still profitable to mine but for some of us who pay 0.25 cent per kilowatt it's not much meat left on the bones after expenses to keep me really motivated as a miner. This can change very fast though in crypto if market goes up. I will continue mining with what I got until my cards stops working but I will not upgrade.
March 04, 2018, 10:36:52 PM
gone are the days people were making $15 a day with a card
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
I Want to know a view of someone (maybe you are miner), are you didn't get any profit from mining? Are you really a miner? Or you just say something that you didn't do? Sorry, no offense. I am a miner and till now still get enough profit every days, weeks, month. May something wrong with your way to mining.
March 04, 2018, 07:00:34 PM
gone are the days people were making $15 a day with a card
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
now, the market is leveled out to a realistic level, but the video card prices have not dropped.
its not worth getting a 1080ti to barley get 2 dollars a day....and it will only get worse, to where you need rigs to make money.
its NOT profitable its a good hobby but dont quit your day job
March 04, 2018, 06:52:50 PM
It is still profitable probably but depends on what your time frame and goals and stuff are. If you are in it just for the money it might be better to go do something else. It is not a sure thing. But yes GPU's have gone up a lot. New 1070's are not $400 anymore. Or 1070ti's $500 and so on. Right now if you can get your hands on "reasonably" prices GTX 1060's those are probably going to be the best bang for the buck.
But once you actually get mining if thats what you do who knows. It is for sure a gamble. But you could be mining coins now that are 5 cents and they could go up to $10 or whatever.
But once you actually get mining if thats what you do who knows. It is for sure a gamble. But you could be mining coins now that are 5 cents and they could go up to $10 or whatever.
March 04, 2018, 06:44:31 PM
For profitability, do you guys recommend a software like awesome miner or should I just pick a fairly profitable coin that I like and let my machines go to work?
March 04, 2018, 06:28:17 PM
https://youtu.be/tEhpZTtTvY0
Is GPU Mining still profitable and if so should YOU Build a Crypto Mining Rig? Or is GPU Mining DEAD?! Today I discuss some of the graphics cards that you can still buy in this GPU shortage and at the current in stock retail prices will you hope to with an Nvidia 1050 TI / 1070 TI /1080 TI etc Mining Rig? Let's find out and see just how much my 26500 sols made in the last 24 hours / week mining ZenCash (Equihash like Zcash)
Interested in building the 1050 TI GPU Mining Rig discussed?
Nvidia 1050 TI (6x)
http://amzn.to/2GMkBBx
Full parts list in the description of the video, VoskCoin is an Amazon Affiliate and you support our posts, threads, and videos by using our links!
Depends strongly on what you want to mine. I only mine coins with much upside potential, like AEON or similar. Is GPU Mining still profitable and if so should YOU Build a Crypto Mining Rig? Or is GPU Mining DEAD?! Today I discuss some of the graphics cards that you can still buy in this GPU shortage and at the current in stock retail prices will you hope to with an Nvidia 1050 TI / 1070 TI /1080 TI etc Mining Rig? Let's find out and see just how much my 26500 sols made in the last 24 hours / week mining ZenCash (Equihash like Zcash)
Interested in building the 1050 TI GPU Mining Rig discussed?
Nvidia 1050 TI (6x)
http://amzn.to/2GMkBBx
Full parts list in the description of the video, VoskCoin is an Amazon Affiliate and you support our posts, threads, and videos by using our links!
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