Mining , still worth it? - page 20. | Bitcointalksearch.org

socks435

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Quote from: hanlieuiypm9832 on March 17, 2018, 10:07:57 AM

Quote from: yhoga45 on March 17, 2018, 09:41:34 AM

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

You are right. The mining market is very mature now, there are plenty of companies running their mining farms all over the world. The key factors are electricty price and calculate power(equipment).

Mostly companies are GPU distributor and then they resell their cards for higher price. They earn from mining and earn from distributing the cards..
That's why the difficulty is getting more increases and the price of cards is getting increase because they are holding gpu while mining then they resell them in higher price..

As of now i still getting profit but it takes year before a can break my ROI so before i break the roi i think selling them would be the best choice because i think nvidia or AMD will release a new graphics card with higher performance than to old cards.

dimpsk

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Quote from: hanlieuiypm9832 on March 17, 2018, 10:07:57 AM

Quote from: yhoga45 on March 17, 2018, 09:41:34 AM

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

You are right. The mining market is very mature now, there are plenty of companies running their mining farms all over the world. The key factors are electricty price and calculate power(equipment).

Agree with that. One can keep mining if electricity costs lower then mining return. But buying any new equipment is not a good idea now and may be it's not a time to consider mining as a busines. It is fun that can provide a free pizza. Something like this.

dimpsk

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Quote from: gotminer on March 17, 2018, 09:43:41 AM

Quote from: yhoga45 on March 17, 2018, 09:41:34 AM

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

I'm glad I don't have to deal with this level of ignorance and short sightedness at my day job. I'd go crazy ... Lol.

I see that you're going crazy. It's good. But what is your point in this discussion?
Is it worth to buy new equipment for mining now or not?

hanlieuiypm9832

sr. member

Activity: 404

Merit: 250

Quote from: yhoga45 on March 17, 2018, 09:41:34 AM

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

You are right. The mining market is very mature now, there are plenty of companies running their mining farms all over the world. The key factors are electricty price and calculate power(equipment).

gotminer

member

Activity: 644

Merit: 24

Quote from: yhoga45 on March 17, 2018, 09:41:34 AM

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

I'm glad I don't have to deal with this level of ignorance and short sightedness at my day job. I'd go crazy ... Lol.

yhoga45

member

Activity: 294

Merit: 13

Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.

gotminer

member

Activity: 644

Merit: 24

Quote from: dimpsk on March 17, 2018, 09:02:00 AM

Quote from: gotminer on March 16, 2018, 06:54:21 PM

Quote from: QuintLeo on March 16, 2018, 05:15:36 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right.

Ya kidding me. A'm filling nice too. And I am not changing coins to fiat now for the simple reason. It is not worth it. The revenue is only twice bigger than electricity costs.
I bought GPU at one half chipper current prices.
And MSRP doesnot mean nothing here. The only matters is ROI.
Current ROI - if you bought GPU right now is 3 years. It'is too much apparantly.

You're not even using the correct terminology. It's not ROI, it's called capital recovery. And you cannot calculate a capital recovery time frame without a hardware price. Right now is NOT the time to buy gpu's. MSRP does mean something. Most retailers are not going to sell you something below MSRP.

gotminer

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Quote from: Piskeante on March 17, 2018, 08:26:31 AM

Quote from: gotminer on March 16, 2018, 06:54:21 PM

Quote from: QuintLeo on March 16, 2018, 05:15:36 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right.

i have a 10 gpu rig and all cards were bought from 15-20% cheaper than MSRP. If you consider actual prices , i saved more than 50% of it's current value for each card.

and Still, i almost get any profit noticeable. my gpus are Sapphire rx 580 nitro+ and 570 nitro+ with 8gb, most of them doing 32mh/s with almost no mem errors which gives me 316,4 mh/s combined. and still, not worth at all.

I would advice noone to enter mining nowadays. Specially if you have to pay those huge prices for GPU.

I wasn't talking about you. I was talking about dimpsk. Throwing numbers around that may be correct today for his specific situation, but could dramatically change with the snap of a finger in either direction. I wouldn't advise anyone to get into mining. Now is not the time to buy gpu's. There are a lot of get rich quick types trying to get into mining right now who don't understand the variables. And then there are a lot of people who think todays math will be the same tomorrow. Not going to happen.

Bottom line is that if you're making more than you are paying in electricity, it's still profitable. If you jumped in before doing the proper research and paid way too much for your hardware, that's your own fault.

Being "worth" it is subjective.

Tidsdilatation

sr. member

Activity: 518

Merit: 250

Im currently selling all my cards, and there are two reasons for this. three accually. The prices of GPUs are so god damn high right now that im getting MORE when im selling them compared to when i bought them brand new. The second reason is that there is coming new Nvidia cards in about 2 months. And ofcourse the low profitability atm.

dimpsk

newbie

Activity: 112

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Quote from: gotminer on March 16, 2018, 06:54:21 PM

Quote from: QuintLeo on March 16, 2018, 05:15:36 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right.

Ya kidding me. A'm filling nice too. And I am not changing coins to fiat now for the simple reason. It is not worth it. The revenue is only twice bigger than electricity costs.
I bought GPU at one half chipper current prices.
And MSRP doesnot mean nothing here. The only matters is ROI.
Current ROI - if you bought GPU right now is 3 years. It'is too much apparantly.

Piskeante

member

Activity: 924

Merit: 15

Quote from: gotminer on March 16, 2018, 06:54:21 PM

Quote from: QuintLeo on March 16, 2018, 05:15:36 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right.

i have a 10 gpu rig and all cards were bought from 15-20% cheaper than MSRP. If you consider actual prices , i saved more than 50% of it's current value for each card.

and Still, i almost get any profit noticeable. my gpus are Sapphire rx 580 nitro+ and 570 nitro+ with 8gb, most of them doing 32mh/s with almost no mem errors which gives me 316,4 mh/s combined. and still, not worth at all.

I would advice noone to enter mining nowadays. Specially if you have to pay those huge prices for GPU.

gotminer

member

Activity: 644

Merit: 24

Quote from: QuintLeo on March 16, 2018, 05:15:36 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right.

Piskeante

member

Activity: 924

Merit: 15

NOT WORTH AT ALL.

Today, just today, more than 14.000GH/s entered ETH. ETH mining is just disgusting nowadays, almost no profit, high difficulty, very low price, and if you live in a country with high electricity cost, you will not get even for a good meal a month.

And this in the best scenario. because once ETH switches to PoS (around 6 months in think), there will be almost no altcoin profitable and stable to mine for profit. And that's also considering that you will be able to trade that coin into dollars or trading them for BTC.

Are you reading this and considering to buy a mining Rig?? DO NOT DO IT, or you´ll regret it.

QuintLeo

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Activity: 1498

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Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.

Not gone yet if you don't pay GOUGE pricing and don't have high electric cost.
The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two.

QuintLeo

legendary

Activity: 1498

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Quote from: TheLordDSK on March 05, 2018, 11:32:35 PM

Some contacts IRL i know from years ago are mining with 10 computers since last year, i said them it is not worth it nowadays but they still trust in the system.

I personally think 10 computers this days is not enough to make mining worth it as the price of electrycity in my country is high and mining consume a lot of it.

I think some clarification is needed - 10 machines with 1 GPU each or 10 machines with 19 GPUs each would be a HUGE difference.

My ongoing project of "convert my old Folding rigs to riser rigs" has REDUCED the number of "computers" I have actively mining, but I have more GPUs mining today than ever because I have more GPUs PER computer.

dimpsk

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Activity: 112

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Quote from: Lantic_Mining on March 16, 2018, 03:47:21 PM

Quote from: dimpsk on March 16, 2018, 03:43:32 PM

Quote from: gotminer on March 16, 2018, 03:25:33 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Quote from: btcneodev on March 15, 2018, 09:23:33 AM

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or not.

You really have no idea what you are talking about. Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

It depends what you are paying for components I'd guess. Here in the UK it works out to about 10 months ROI although that would be a little optimistic if the current conditions continue and who knows how long if ETH ever does go to PoS...

Regards,

Steve

You are really lucky then

And how much is GTX 1070 in UK for example ?

Lantic_Mining

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Activity: 129

Merit: 10

Quote from: dimpsk on March 16, 2018, 03:43:32 PM

Quote from: gotminer on March 16, 2018, 03:25:33 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Quote from: btcneodev on March 15, 2018, 09:23:33 AM

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or not.

You really have no idea what you are talking about. Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

It depends what you are paying for components I'd guess. Here in the UK it works out to about 10 months ROI although that would be a little optimistic if the current conditions continue and who knows how long if ETH ever does go to PoS...

Regards,

Steve

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: gotminer on March 16, 2018, 03:25:33 PM

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Quote from: btcneodev on March 15, 2018, 09:23:33 AM

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or not.

You really have no idea what you are talking about. Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

gotminer

member

Activity: 644

Merit: 24

Quote from: dimpsk on March 16, 2018, 03:06:49 PM

Quote from: btcneodev on March 15, 2018, 09:23:33 AM

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or not.

You really have no idea what you are talking about. Your ignorance is quite comical though.

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: btcneodev on March 15, 2018, 09:23:33 AM

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or not.

Topic: Mining , still worth it? - page 20. (Read 7308 times)