who say mining is dead 90% is start mining around july-dec 2017.
mining is not dead yet but profit is less than 2017 i think if you can pass this year next year is better
Topic: MiNinG iS DeAd - page 3. (Read 2080 times)
OP from your posts it seems like you blame everyone who made a better move than you and buy asic miners or instead of eth mining, they chose other coins.
Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.
Those are a bit expensive for most miners... but yeah they are very good for core intensive algos.Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.
Most miners are fine with older cheap RX 470 and 480 8GB they are awesome for CN-Heavy and all 4GB are still very good for Monero V8 and other CNv2 coins.
Of course with bios mod, but even if you use my guide for bios mod or PBE 1.7 you still have really good results and with paid timings it is even better
And if we talk about ETH and XMR, Vegas are the best price/performance and almost comparable to Nvidias with power consumption.
Lol, if you think you will make abnormally high profits for extended periods of time. The bear market will ring out the weak hands and fly by night morons who bought 1k gpus. If you have low electricity cost and bought equipment at a decent price your fine.
Or you can do what 90% of investors do buy high and sell low!
Or you can do what 90% of investors do buy high and sell low!
Profitable or not the writing is on the wall. Mining needs to die. It’s just not sustainable. It was good to start but now needs to change. No matter how you spin your profits it’s better to sell the equipment today and (smartly) invest those funds. Blockchain will evolve and mining can’t be the future.
...I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.
I'll second this - those are very versatile, especially 1070Ti
OP from your posts it seems like you blame everyone who made a better move than you and buy asic miners or instead of eth mining, they chose other coins.
Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.
Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.
The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.
Really? Why not just "buy" the coins directly instead of "paying more" for their electric bill of mining?
Exactly! mining at a loss is the same thing at buying above market price.
Mining with GPU is not dead, and can still be very profitable. The downside is you have to read a lot, take more time founding a little gem, and sometime hash for nothing because of scam.
Once you face many scams, you will have more feeling to found the little gem
Once you face many scams, you will have more feeling to found the little gem
The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.
Really? Why not just "buy" the coins directly instead of "paying more" for their electric bill of mining?
The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.
Mining is the backbone of cryptocurrrency it will never died but once internet will lost in future all the cryptocurrencies are died in the world so entire crypto resources are stop the working. So it is impossible in future because day by day some new projects are enter into market it is going to upward. Bitcoin mining is still alive in the market so altcoins are right place to mine in this scenario and GPU mining is more secure way to earn profit so don't go with Cloud mining in crypto.
It’s gotten less profitable for me to the point that I’m scrapping a lot of rigs and selling them for parts and just investing my money that I used to have saved for buying more rig parts into just buying coins or investing them elsewhere, like in crypto casinos or to exchanges. Most of my rigs aren’t making much anymore, and it’s not even worth my time to run them for the few dollars a month I earn per card. With coin prices as low as they are now, it isn’t a bad time to just buy and hold.
This is the right thing to do, sell your gpus for money and use the money to buy coins, mining is dead. If you have the money then buy the coins.
It’s gotten less profitable for me to the point that I’m scrapping a lot of rigs and selling them for parts and just investing my money that I used to have saved for buying more rig parts into just buying coins or investing them elsewhere, like in crypto casinos or to exchanges. Most of my rigs aren’t making much anymore, and it’s not even worth my time to run them for the few dollars a month I earn per card. With coin prices as low as they are now, it isn’t a bad time to just buy and hold.
Same question over and over 
Basically, it's a question of cost of electricity and how you cool down your room (if you have several rigs). I have 25 rigs and it's still profitable for me but not as much as it was.
Anyway I believe in ETH, So HODL as much as I can until the next bullish movement!
www.cruxpool.com
Basically, it's a question of cost of electricity and how you cool down your room (if you have several rigs). I have 25 rigs and it's still profitable for me but not as much as it was.
Anyway I believe in ETH, So HODL as much as I can until the next bullish movement!
www.cruxpool.com
Isn't it is more like investing when you pick, mine, hodl and sell.
If you have the patience to HODL you can get lucky. I wish I had read this advice and paid attention to it in early 2017. I would have made at least $200K.
There are some great projects out there with really interesting and innovative ideas behind them - especially amongst the various coins that use variants of the cryptonight algorithm.
Of course about 90% of coins are either scams or will never really take off, but part of the fun of this hobby (if it is a business to you I pity you) is picking the good ones.
If you have the patience to HODL you can get lucky. I wish I had read this advice and paid attention to it in early 2017. I would have made at least $200K.
There are some great projects out there with really interesting and innovative ideas behind them - especially amongst the various coins that use variants of the cryptonight algorithm.
Of course about 90% of coins are either scams or will never really take off, but part of the fun of this hobby (if it is a business to you I pity you) is picking the good ones.
For what's it worth, GPU mining is not dead. But I just switch off my rig because I'm barely earning eth after paying for electricity.
I'm now investing my eth in smart contracts that is earning as much as if I own a rig that hashes at 700mh minus the electricity.
My rig does only 240mh.
I'm now investing my eth in smart contracts that is earning as much as if I own a rig that hashes at 700mh minus the electricity.
My rig does only 240mh.
it's still profitable, but not so good as earlier
As someone else may have already pointed out (I was too lazy to read more than the OP), mining has been declared dead so many times before and not just in 2018. I remember people saying that ETH mining would be dead by design (switched to POS) by now ages ago.
I have been mining for quite a while and I have seen this declaration over and over.
It's dead if you are narrow minded, ignorant, lazy or stupid. If however you can read, have some technical skills and a willingness to research and experiment can usually make at least a small daily profit. That's if you only mine for daily profit and you sell out to bitcoin or (worse) FIAT currency often.
If you have the patience to HODL you can get lucky. I wish I had read this advice and paid attention to it in early 2017. I would have made at least $200K.
There are some great projects out there with really interesting and innovative ideas behind them - especially amongst the various coins that use variants of the cryptonight algorithm.
Of course about 90% of coins are either scams or will never really take off, but part of the fun of this hobby (if it is a business to you I pity you) is picking the good ones.
I have been mining for quite a while and I have seen this declaration over and over.
It's dead if you are narrow minded, ignorant, lazy or stupid. If however you can read, have some technical skills and a willingness to research and experiment can usually make at least a small daily profit. That's if you only mine for daily profit and you sell out to bitcoin or (worse) FIAT currency often.
If you have the patience to HODL you can get lucky. I wish I had read this advice and paid attention to it in early 2017. I would have made at least $200K.
There are some great projects out there with really interesting and innovative ideas behind them - especially amongst the various coins that use variants of the cryptonight algorithm.
Of course about 90% of coins are either scams or will never really take off, but part of the fun of this hobby (if it is a business to you I pity you) is picking the good ones.
I guess we'd know if mining was dead - would be interesting how these "mining is dead"-people explain the further existence of PoW coins
By the way... my first topic at Bitcointalk (when I was a newbie) was a question about the profitability of a Bitcoin ASIC-Miner (274$ @ 5 GH/s >> ฿3.58/month) back in 2013 but mining was kind of dead - not as dead as now but kind of.
Mining is not dead for those with centralized cheap power. But for the rest like me paying 30 cents watt rate, it's game over.And no one can argue that.
and noone will. that is a crazy rate for electricity - in that case every investment should go into alternative power. A combination could be even more profitable, invest into alternative power to drive rigs with (better profit than just using the electricty yourself)
Mining ETH ( or other coins with GPU )is still profitable for me , of course i can make way more much less than in the last few months in 2017 and the first few months in 2018 
Opened a topic about this on October 5th with a detailed explanation
:
" Why its still worth mining ETH ( or other coins) for me "
For those members, newbies i always suggested to read my another topic i started around that time, when you purchased your miners
You can read it HERE
Today those L3+ miners generating about 2$ a day minus electricity.
You have a option to reduce the power usage for your L3+ with a little bit of understanding how to connect to your miner via SSH connection and type in some codes to the command line. Not all miners are the same ! so what is working with one , might not going to work with another one !
This way you can save around 170Watts / miner , if you paying 0.1$/KWH , then your saving for 1 miner / months can be : around 12$
How to do this , Detailed Information HERE, Thank You for jstefanop
Opened a topic about this on October 5th with a detailed explanation
: " Why its still worth mining ETH ( or other coins) for me "
i bought two AntMiner L3+ in November 2017 for 7 000$, how to pay them back?.. 
Lot of ppl done the same thing, taking a risk, just because they put numbers in any online calculators, and the result looked amazing, it looked like a fast way to get rich For those members, newbies i always suggested to read my another topic i started around that time, when you purchased your miners
You can read it HERE
Today those L3+ miners generating about 2$ a day minus electricity.
You have a option to reduce the power usage for your L3+ with a little bit of understanding how to connect to your miner via SSH connection and type in some codes to the command line. Not all miners are the same ! so what is working with one , might not going to work with another one !
This way you can save around 170Watts / miner , if you paying 0.1$/KWH , then your saving for 1 miner / months can be : around 12$
How to do this , Detailed Information HERE, Thank You for jstefanop
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