Mining looks like it's dying to me..

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Proton2233 on March 26, 2018, 12:03:17 PM

Now a lot of people are leaving ETH mining. The complexity has slightly decreased but due to the fall in the price of coins profit continues to decline. It seems to me that miners from Europe will now begin to disconnect their equipment. They already have zero income. Now mining will completely move to China and it is bad. But in all coins the mechanism of self-regulation is put. He will not allow the coin to die.

Since most of the people leaving the mining ethereum we may find the difficulty reduced for ETH right. Use all the cards for mining ethereum. If you wait and watch for 6 months from now with all the mined coins you may find the big profit with that bro.
Please do not worry when the marketplace value of any coin dumped down. If you find the dump, as you said many people will leave from mining that coins. So you guys can utilize the situation.

Proton2233

sr. member

Activity: 434

Merit: 252

Now a lot of people are leaving ETH mining. The complexity has slightly decreased but due to the fall in the price of coins profit continues to decline. It seems to me that miners from Europe will now begin to disconnect their equipment. They already have zero income. Now mining will completely move to China and it is bad. But in all coins the mechanism of self-regulation is put. He will not allow the coin to die.

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: mitkala on March 26, 2018, 11:18:48 AM

Quote from: hack4love on February 04, 2018, 01:11:41 PM

im so afraid to invest in mining rig coz the price keep drop eth drop 100$ in the last 24 houres

The price is stable now. But it is still not very profitable.

That is a curious response considering the price is another $300 lower than when he originally posted that. Plus, it looks like the price is going down further, @ $485 as I type this so I do not think it is that stable either.

Yes, profitability in mining is currently down and will probably head even lower in the short term. If you already have gear you are still making a little money, but forget about investing in new equipment as the payback period is now going to be measured in years, and not weeks or months anymore.

ivakar

hero member

Activity: 756

Merit: 507

Yes, you are right, it is not the best time to enter the market now, a lot of rigs are very close to the wallets level, while prices for cards still is pretty high.
If i were you, I'd wait

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: davemanet on February 04, 2018, 04:12:02 AM

Hey Guys, looks like mining profitability is going down fast. Anyone else think so too?

The ethash difficulty has gone up crazy in January. At this rate, it will be very unprofitable towards mid-year.

Also, once ETH switches to POS, it looks like all that hash power will be spread out to all the other alt coins, and it should essentially make mining unprofitable or very small profits.

Thoughts?

All GPU algorithms are going down in profitability, especially after Christmas, it has gone downhill unfortunately. I can't mine on Ethash due to my GPUs being under 3Gb of ram so I can't judge about that, but Equihash is barely profitable for me. If this situation continues, it will definitely be unprofitable within the next few months.

mitkala

newbie

Activity: 68

Merit: 0

Quote from: hack4love on February 04, 2018, 01:11:41 PM

im so afraid to invest in mining rig coz the price keep drop eth drop 100$ in the last 24 houres

The price is stable now. But it is still not very profitable.

hack4love

newbie

Activity: 152

Merit: 0

im so afraid to invest in mining rig coz the price keep drop eth drop 100$ in the last 24 houres

szafa

hero member

Activity: 812

Merit: 500

Very strange i stop checking crypto out home and btc down.

blockchange88

jr. member

Activity: 141

Merit: 4

ethereum is a fork of ethereum classic.

all these noobs. what other investment gets you ROI within a year even at these crazy prices? none. my blue chip dividends and indexes dont hold a candle.

https://www.nicehash.com/miner/34RV1eTFYKFcx5AqF5rJTPB7KCbv4hdYk7

this acct alone making me good amount of btc. ill hodl til the top. all 1080tis bought at msrp w/6.5% tax IN JANUARY. all these tweens going out and spending moms $1000 on a 1080ti. lol the nvidia site is selling the titan xp for 1100. to all the gamers, get a life, goto college, make a contribution to society, instead of sitting on your sofa playing with yourself.

Ronin87

newbie

Activity: 12

Merit: 0

Every mining profit and ROI around a year is great.
It's just that the new miners are spoiled and live in a dream to ROI in a month...

I have a few rigs all with 36 months guarantee and don't care at all about the daily income as long as its profit..
Go invest in any business, ROI in a year and you'll be a hero in the eyes of any serious business man.

Pekine

newbie

Activity: 112

Merit: 0

I just did my maths, I'm at 2,43$ a card (RX580). Not what it has been, but still profit to be made.

and like said there are still other coins to be mined.

starrbuck

newbie

Activity: 48

Merit: 0

Miners just need to resist buying GPUs at these outrageous prices. Things will calm back down once those that aren't as dedicated fade away.

2stout

hero member

Activity: 2548

Merit: 607

Over the top fair weather FUD and panic personified when a dip or market correction presents itself. If Bitcoin went to 20k tomorrow, the subject would do a 180 and change to- Mining looks like it's thriving and here to stay to me..

Pekine

newbie

Activity: 112

Merit: 0

It still looks pretty profiltable when you look at whattomine:

https://whattomine.com/coins

Have not done the calculation for my cards, yet. Will start it now.

You have to think as well that although the difficulty increased, the price increased a lot compared to 4 months ago.

sundownz

hero member

Activity: 714

Merit: 512

Quote from: Metroid on February 04, 2018, 04:33:43 AM

Right now eth gives only $1.20 per card and if the difficulty keeps rising then soon will be $0.50 and then 0.

Even on NiceHash it's still $1.88 each for stock RX480 4GB cards... no BIOS mods... mild OC.

I don't normally mine Dagger Algo or even on NiceHash but just checked to verify earnings.

Would I buy a NEW card at the CURRENT prices for that ? Heck no... but us folks with cards already it's FAR from dead.

RIGED

member

Activity: 182

Merit: 12

your question is heavily dependant on crypto prices

if you had asked this q with BTC @ $20.000 the responses would of been very different

my current income is 35% of what it was at the highs, does that deter me? NO.
i know market fluctutions only too well not to be dismayed and have full faith in 99.9% of cryptos setting aside ripple(BoE) and bitcoin (bitmain/CME) which are now completely controled by the central banking tapeworms

you do however have a point with the ETH POS switch, well noted but still global hashing power is nowhere near saturation

mitkala

newbie

Activity: 68

Merit: 0

Quote from: treanski on February 04, 2018, 04:56:16 AM

Quote from: Metroid on February 04, 2018, 04:33:43 AM

Mining is already dead to the people who are paying for a gpu any price above msrp, for the others mining still surviving but not sure if it survives this year. The thread I created is an example of how my sentiment is concerning mining and it has never been this bad. Right now eth gives only $1.20 per card and if the difficulty keeps rising then soon will be $0.50 and then 0.

1 free advice there is a world outside of eth...im still doing ~3.5-4$ day / rx 580

Which coin?

choychifung

member

Activity: 98

Merit: 10

Quote from: Miningtry on February 04, 2018, 07:05:11 AM

On new dagger coin despite the fact that it is not on the stock exchange, and the trade is conducted inside the community you can make 30$/day.

what is your mining rig?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: JaredKaragen on February 04, 2018, 06:45:50 AM

Quote from: CryptoWatcher420 on February 04, 2018, 05:58:21 AM

Quote from: treanski on February 04, 2018, 04:56:16 AM

Quote from: Metroid on February 04, 2018, 04:33:43 AM

Mining is already dead to the people who are paying for a gpu any price above msrp, for the others mining still surviving but not sure if it survives this year. The thread I created is an example of how my sentiment is concerning mining and it has never been this bad. Right now eth gives only $1.20 per card and if the difficulty keeps rising then soon will be $0.50 and then 0.

1 free advice there is a world outside of eth...im still doing ~3.5-4$ day / rx 580

whatcha mining?

That's always the real question; cause the second a horde jumps on the smae algo/coins you are mining; bam... hit in profits lost.... Kinda sad, but true.

Best advice: Try many algos, see what ones have coins that pay well and which algo is the most efficient when it comes to that notion.

Last year around August/September; it was Skien for my GTX 10 series cards... right now, its different..... But definitely not an algo that the masses are mining. I am still pulling over $300/mo with the equivalent of 2x 1070 in hashrate on one account.

yep there are smaller coins here and there.

and zec still pays decent for a 1080ti

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

0.0045 btc for 9 1080ti or 0.0005btc for 1 1080ti pulling 5 kwatts a day my winter power = 10 cents so 50cents a day and 0.0005 btc = 4.30 - .50 = 3.80 profit for each card

Since the card is paid for I can mine and hold.

Miningtry

newbie

Activity: 96

Merit: 0

On new dagger coin despite the fact that it is not on the stock exchange, and the trade is conducted inside the community you can make 30$/day.

Topic: Mining looks like it's dying to me.. (Read 594 times)