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Topic: Mining looks like it's dying to me.. - page 2. (Read 599 times)

legendary
Activity: 1848
Merit: 1166
My AR-15 ID's itself as a toaster. Want breakfast?
February 04, 2018, 06:45:50 AM
#7
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.
sr. member
Activity: 462
Merit: 258
Small Time Miner, Rig Builder, Crypto Trader
February 04, 2018, 05:58:21 AM
#6
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?
sr. member
Activity: 588
Merit: 335
Steady State Finance
February 04, 2018, 05:17:05 AM
#5
Whoever is going to start mining at the moment, their thinking the prices GPU very expensive and the which popular coins to mining increases difficulty. this is clearly their consideration when they calculate earnings per card. the price of the GPU they bought didn't match the income they would get. GPU prices are rising and their revenues are few.

and..for old miners have the problem when adding new GPUs because their know priced the GPU before.for the old miners, this's situation still profit or slightly less profit because their mining using the GPUs 1 year ago.
full member
Activity: 364
Merit: 106
ONe Social Network.
February 04, 2018, 04:56:16 AM
#4
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
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
February 04, 2018, 04:33:43 AM
#3
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.
member
Activity: 140
Merit: 11
February 04, 2018, 04:22:32 AM
#2
There are a few topics on that one. It is where it should be.
The Dec and Jan hyper prices were not real. Cause was the bitcoin manipulations.
full member
Activity: 336
Merit: 100
February 04, 2018, 04:12:02 AM
#1
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?
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