Mining , still worth it? - page 12. | Bitcointalksearch.org

gotminer

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Quote from: ?? on ??

Quote from: swogerino on March 28, 2018, 01:31:17 PM

Mining it is still worth it if you have an electricity rate of under 0.09 usd/kw . Many home miners are switching off the gpu mining computers because of expensive electricity cost.

If you have cheaper electricity than 0.09 usd/kw it is good to continue and even if you have expensive electricity it is good to continue in my opinion as even mining with a loss may result in a profit after a long time from now because of price increases which are bound to happen in the future, well hopefully.

That's the thing, everyone expects price increases over a long period of time. And sure, that will happen for some coins. But for other coins, well, let's just say that things have changed in 2018 and cryptos are in uncharted waters.

--ypsi

You can always trade your shitcoins for btc to hold long term.

Ciscopro2000

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I’m not really sure if mining is worth it at the moment since the crypto market is significantly down. It’s almost better if you just buy the coins at market prices. If you buy equipment now to mine, it might take you a couple years to get the return on your investment. That’s at market prices and if it doesn’t drop even more.

smoolae

full member

Activity: 602

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Have electricity that costs 0.16 USD/kWh. Just looked today that I earn approximately 2 euros per day (electricity takes 4 euros), so still worth it.

Not using Nicehash, never

swogerino

legendary

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Bitcoin Casino Est. 2013

Mining it is still worth it if you have an electricity rate of under 0.09 usd/kw . Many home miners are switching off the gpu mining computers because of expensive electricity cost.

If you have cheaper electricity than 0.09 usd/kw it is good to continue and even if you have expensive electricity it is good to continue in my opinion as even mining with a loss may result in a profit after a long time from now because of price increases which are bound to happen in the future, well hopefully.

barota

sr. member

Activity: 1176

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Mining of bitcoin needs some conditions , It depends on how much you’re willing to spend and if you have free electricity and experience in the maintenance of mining machinery and software tools , yes you will make profit. but if any of those is missis you will make effort without result and so wast of time

ICO 2100NEWS

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All what you can do right now is to wait and see when will the market bounce back. And you should be willing to wait for few more months too.

Lerva

newbie

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With free electricity it's definitely profitable.Earnigs are not big but at least something

Irvanremok

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Masa Depan Kerja

miners may be at the current price is quite disappointing yes with electricity is quite expensive whether to still gain profit with the current miners

gotminer

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Quote from: Piskeante on March 28, 2018, 02:17:44 AM

Quote from: Coinseeker22 on March 28, 2018, 02:05:47 AM

I am thinking to put up rig to start up but find it really difficult to invest now a days. With the blowing price of electricity and GPU add up the maintenance of your rig. If this continues what are the possible result for minning in the years to come? Which brings back to the OPs question is it still worth? Dont get me wrong but im just thinking long term.

to begin with, i think mining is not done for holding. It's nonsense. if you mine, you know you have to pay an electricity bill. I don't think you buy hardware at a cost to mine also at a cost (electricity bill) paying your bill from your pocket because i think you may want to ROI at some point.

If you hold your coins mined, you pay your bill out of your pocket and you don't get money back (at least for ROI), why are you mining?? It's easier to buy the coins instead. You save money on bills, you save money on hardware, you save hours and hours of headhaches, you won't need to turn on the air conditioner in summer (unless you have your rigs in a big house and you don't notice them) , you won't have to deal with danger of burning your house and at some point, you won't need to increase the power to sign with your electricity company.

At current prices it's not worth. simply not. it's what it is.

It doesn't sound like you know much of anything about mining, but you got the last part right. It's not a good idea to begin building a mining farm right now unless you've somehow managed to find hardware at MSRP. Coin price is irrelevant, because that variable will always fluctuate. However, if you overpay for hardware right now, that is set in stone.

Piskeante

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Quote from: Coinseeker22 on March 28, 2018, 02:05:47 AM

I am thinking to put up rig to start up but find it really difficult to invest now a days. With the blowing price of electricity and GPU add up the maintenance of your rig. If this continues what are the possible result for minning in the years to come? Which brings back to the OPs question is it still worth? Dont get me wrong but im just thinking long term.

to begin with, i think mining is not done for holding. It's nonsense. if you mine, you know you have to pay an electricity bill. I don't think you buy hardware at a cost to mine also at a cost (electricity bill) paying your bill from your pocket because i think you may want to ROI at some point.

If you hold your coins mined, you pay your bill out of your pocket and you don't get money back (at least for ROI), why are you mining?? It's easier to buy the coins instead. You save money on bills, you save money on hardware, you save hours and hours of headhaches, you won't need to turn on the air conditioner in summer (unless you have your rigs in a big house and you don't notice them) , you won't have to deal with danger of burning your house and at some point, you won't need to increase the power to sign with your electricity company.

At current prices it's not worth. simply not. it's what it is.

Coinseeker22

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

I am thinking to put up rig to start up but find it really difficult to invest now a days. With the blowing price of electricity and GPU add up the maintenance of your rig. If this continues what are the possible result for minning in the years to come? Which brings back to the OPs question is it still worth? Dont get me wrong but im just thinking long term.

gwestcot

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Quote from: dimpsk on March 27, 2018, 12:53:21 AM

Quote from: gotminer on March 26, 2018, 02:40:23 PM

Quote from: dimpsk on March 26, 2018, 01:13:52 PM

Quote from: gotminer on March 26, 2018, 12:27:51 PM

Yeah, ventilation fans do not take away 30%. Maybe if you're trying to use air conditioning, but not sure who in their right mind is going to do that.

Of course not. But tell us about your huge profits now. I want to get some fun

I don't mine for daily profits. We'll just say that the coins I mine with my equipment in a day could be cut in half twice and at current coin prices, I'd still be breaking even. Maybe it will happen, maybe it won't. Maybe coin prices will double or triple or more in the future, or maybe they won't. I wouldn't start mining today with these gpu prices, but it would be stupid for me to just shut everything down and sell all of my hardware at this time.

You will never breakeven on currentprices. And there will be a point near $300 per ETH when all your earnings will be consumed by electric company bills.

So if ya still believe in rebounce why not just sell your farms and buy coins for fiat I wonder? The coins are chip. The farms still have high value

Ravencoin... enough said.

http://ravencalc.xyz/

Choyor

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Mining will be profitable if you have cheap electricity, I think today is not smart for ordinary people to mine because of the bloated electricity costs, while in china many people mine because of the cheap electricity prices. I think for now better buy.

gotminer

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Quote from: ?? on ??

It's no longer worth it. Not only mining cost money to buy mining machine, this process also costs much for electricity bill. Some countries charge much for this mining industry only, some countries ban the cryptocurrency
The price of bitcoin is plunged these days. We should move to alternative coins. However, be care of the fake ICO.
Do you believe that the price of bitcoin will be rocketed
I can refer you many alterative coins including the coin shown in my signature

I'd like to "rocket" you right out of this fucking thread, good sir. Grin

LOL

gotminer

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Quote from: dimpsk on March 27, 2018, 12:53:21 AM

Quote from: gotminer on March 26, 2018, 02:40:23 PM

Quote from: dimpsk on March 26, 2018, 01:13:52 PM

Quote from: gotminer on March 26, 2018, 12:27:51 PM

Yeah, ventilation fans do not take away 30%. Maybe if you're trying to use air conditioning, but not sure who in their right mind is going to do that.

Of course not. But tell us about your huge profits now. I want to get some fun

I don't mine for daily profits. We'll just say that the coins I mine with my equipment in a day could be cut in half twice and at current coin prices, I'd still be breaking even. Maybe it will happen, maybe it won't. Maybe coin prices will double or triple or more in the future, or maybe they won't. I wouldn't start mining today with these gpu prices, but it would be stupid for me to just shut everything down and sell all of my hardware at this time.

You will never breakeven on currentprices. And there will be a point near $300 per ETH when all your earnings will be consumed by electric company bills.

So if ya still believe in rebounce why not just sell your farms and buy coins for fiat I wonder? The coins are chip. The farms still have high value

I don't mine for current prices. I thought I made that clear in an earlier post. The price of ETH has nothing to do with my portfolio in terms of mining. The only ETH I own was purchased several months ago with FIAT. A large percentage of my mining farm is already paid for "at current prices". You're making blanket statements without considering my variables. You have no idea what I paid for my equipment. Sure as hell didn't pay current gpu prices. You have no idea what the cost of my electricity is.

I don't have all of my eggs in one basket though. I hold plenty of crypto that was purchased with FIAT. Simple answer is that I like mining. I like the tech. I want to be part of the decentralization. Maybe I'll break even, maybe I'll make money, maybe I'll lose money. Same can be said about buying crypto with fiat. Whatever the outcome, I'll never lose the experience.

dimpsk

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Quote from: gotminer on March 26, 2018, 02:40:23 PM

Quote from: dimpsk on March 26, 2018, 01:13:52 PM

Quote from: gotminer on March 26, 2018, 12:27:51 PM

Yeah, ventilation fans do not take away 30%. Maybe if you're trying to use air conditioning, but not sure who in their right mind is going to do that.

Of course not. But tell us about your huge profits now. I want to get some fun

I don't mine for daily profits. We'll just say that the coins I mine with my equipment in a day could be cut in half twice and at current coin prices, I'd still be breaking even. Maybe it will happen, maybe it won't. Maybe coin prices will double or triple or more in the future, or maybe they won't. I wouldn't start mining today with these gpu prices, but it would be stupid for me to just shut everything down and sell all of my hardware at this time.

You will never breakeven on currentprices. And there will be a point near $300 per ETH when all your earnings will be consumed by electric company bills.

So if ya still believe in rebounce why not just sell your farms and buy coins for fiat I wonder? The coins are chip. The farms still have high value

QuintLeo

legendary

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Quote from: DigitalFox on March 26, 2018, 03:10:09 PM

Quote from: dimpsk on March 26, 2018, 01:17:49 PM

Quote from: DigitalFox on March 26, 2018, 06:35:20 AM

Yes it is still profitable if you know what you're doing. Even now my cards bring me equivalent of 30,000-60.000 satoshi per day each. But if you're on Nicehash etc... not sure.

Apparantly nicehash is not the worst place here.

What's the worst one then, I wonder. ETH and ZEC adepts? In any case I never understood those who mine and immediately dump, that the dumbest thing IMHO. I mined ETH 3 years ago, did I sell any of it? No, it's still in my wallet

Some of us have bills to pay and no other income (or for a while I had other income but only part of the year).

Can't AFFORD to just "hang on" to most of the coin I earn - and what isn't paying the bills has been getting invested into MORE hashrate genration hardware....

whitefire990

copper member

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Keep in mind all it takes is one event, like Amazon announcing they will accept (even one) cryptocurrency, and the entire crypto market cap could triple in a week. At which point mining would be super profitable again.

DigitalFox

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Quote from: dimpsk on March 26, 2018, 01:17:49 PM

Quote from: DigitalFox on March 26, 2018, 06:35:20 AM

Yes it is still profitable if you know what you're doing. Even now my cards bring me equivalent of 30,000-60.000 satoshi per day each. But if you're on Nicehash etc... not sure.

Apparantly nicehash is not the worst place here.

What's the worst one then, I wonder. ETH and ZEC adepts? In any case I never understood those who mine and immediately dump, that the dumbest thing IMHO. I mined ETH 3 years ago, did I sell any of it? No, it's still in my wallet

gotminer

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Activity: 644

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Quote from: dimpsk on March 26, 2018, 01:13:52 PM

Quote from: gotminer on March 26, 2018, 12:27:51 PM

Yeah, ventilation fans do not take away 30%. Maybe if you're trying to use air conditioning, but not sure who in their right mind is going to do that.

Of course not. But tell us about your huge profits now. I want to get some fun

I don't mine for daily profits. We'll just say that the coins I mine with my equipment in a day could be cut in half twice and at current coin prices, I'd still be breaking even. Maybe it will happen, maybe it won't. Maybe coin prices will double or triple or more in the future, or maybe they won't. I wouldn't start mining today with these gpu prices, but it would be stupid for me to just shut everything down and sell all of my hardware at this time.

Topic: Mining , still worth it? - page 12. (Read 7336 times)