Topic: Mining , still worth it? - page 26. (Read 7308 times)
Bitcoin faucets are more profitable than mining right now
soon your gxt 1080ti $1300 will become a $200 product hehe
I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.
Lol ... MSRP is more than that. GPU prices are not set by mining profitability.
soon your gxt 1080ti $1300 will become a $200 product hehe
Good thing I paid about $200 for each of my 1080ti's and Vega 64's. And ill never tell how I did it.
soon your gxt 1080ti $1300 will become a $200 product hehe
I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.
gtx 980ti was less than $200, coming gtx 2080 next month then we will see hehe.
soon your gxt 1080ti $1300 will become a $200 product hehe
I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.
soon your gxt 1080ti $1300 will become a $200 product hehe
I think you are right. It is past times, gold times 
Today have prospects only mining pools. And I don't know what will happened with this because it consume to much energy.
Today have prospects only mining pools. And I don't know what will happened with this because it consume to much energy. 
bullshit bullshit bullshit
1 free advice -> the top profitable coins on whattomine are the least profitable in real
1 free advice -> the top profitable coins on whattomine are the least profitable in real
Mining may continue to be "profitable" but not by the same metric people have been using for the past 12-18 months.
Times have been good for anyone getting into mining for basically the past two years as rising coin prices have more than offset the accompanied increase in hash-rate and thus difficulty. Now, the good times in mining are finally coming to an end and we are going to be looking at digging in for at least 24-36 months to see any reasonable profitability return.
This is especially true for those looking to buy new mining hardware right now. If you have had your rigs for awhile and you already earned your investments back, you can weather the upcoming dry months a lot better than new investors, as your only consideration is if your mining profits is greater than your electrical costs. Those who need to earn an ROI on top of operating expenses will obviously have a tough time of it, especially as computer hardware is still selling at 200-300% above its MSRP.
To see what is coming you can simply pull up a BTC chart from approximately January 2014 to January 2017. It took BTC roughly 3 years to recover from its November 2013 high of over $1200 and I expect the market to play out similar to that time period. BTC, ETH, ZEC, BCASH and the others will thrash around for another 6 months, just as it took time for BTC to bottom out in the fall/winter of 2014. If this pattern repeats we are looking at 2021 before everything recovers to recent ATH levels.
So if you can tough it out for another 3 years, pay utilities (electricity) out of your own pocket and keep mining and holding, you may indeed make some hefty profits. However, if you are barely scraping by, have bills to pay, have high priced electricity, or the worst-case scenario have recent credit card hardware purchases to pay back, I think you may be in for a tough go of it.
I modified a chart to show one possibility in relation to BTC, although I think it can apply to the whole cryptospace in general. In red I labeled possible similarities to the 2014-2017 time period to try and help myself put one possible scenario into perspective. If the market does indeed play out this way, we will have a long wait before mining truly returns.
Times have been good for anyone getting into mining for basically the past two years as rising coin prices have more than offset the accompanied increase in hash-rate and thus difficulty. Now, the good times in mining are finally coming to an end and we are going to be looking at digging in for at least 24-36 months to see any reasonable profitability return.
This is especially true for those looking to buy new mining hardware right now. If you have had your rigs for awhile and you already earned your investments back, you can weather the upcoming dry months a lot better than new investors, as your only consideration is if your mining profits is greater than your electrical costs. Those who need to earn an ROI on top of operating expenses will obviously have a tough time of it, especially as computer hardware is still selling at 200-300% above its MSRP.
To see what is coming you can simply pull up a BTC chart from approximately January 2014 to January 2017. It took BTC roughly 3 years to recover from its November 2013 high of over $1200 and I expect the market to play out similar to that time period. BTC, ETH, ZEC, BCASH and the others will thrash around for another 6 months, just as it took time for BTC to bottom out in the fall/winter of 2014. If this pattern repeats we are looking at 2021 before everything recovers to recent ATH levels.
So if you can tough it out for another 3 years, pay utilities (electricity) out of your own pocket and keep mining and holding, you may indeed make some hefty profits. However, if you are barely scraping by, have bills to pay, have high priced electricity, or the worst-case scenario have recent credit card hardware purchases to pay back, I think you may be in for a tough go of it.
I modified a chart to show one possibility in relation to BTC, although I think it can apply to the whole cryptospace in general. In red I labeled possible similarities to the 2014-2017 time period to try and help myself put one possible scenario into perspective. If the market does indeed play out this way, we will have a long wait before mining truly returns.
Alot of noobs came in maxing out their credit cards on coinbase. some made alot of profits and now are in debt because of taxes
same with miners, Im glad I just bought 1 1080ti because they use to make like 9 dollars a day per card and someone using what to mine would FOMO and buy a whole bunch of cards. now they are in debt as each 1080ti is not making enough to justify the credit card payments so what you say is true....
it might be YEARS before things pick up again, its going to take a whole new generation of people to invest in crypto after the crash of 2018
GTX 1080ti is still being sold for $1300 from $750 and equihash difficulty rose a lot, equihash asics are having a blast and so noobs who paid $1300 for a gtx 1080ti i guess hehe
Do not worry trolls, I will soon have a way to exchange your gtx 1080ti for fabricated coffins hehe
Do not worry trolls, I will soon have a way to exchange your gtx 1080ti for fabricated coffins hehe
mining varies from coin to coin. you have to be very good with cryptoworld to know which coin to mine at what time and when not to mine a particular coin. also you need to know when to hold and when to sell and get the maximum profit of the coin that you mine. so its a bit technical but yes,. its still profitable
if u have time for research, yes.
All over Craigslist people are panic selling their 1070 and 1080 it seems.
Some are even below what the retailers are selling them for.
Basically a 450 day ROI is scary for most.
Some are even below what the retailers are selling them for.
Basically a 450 day ROI is scary for most.
First, dump their prices should shops due to coming soon dramatic surplus. Also it's a good time to sell your videocards right now because they are overpricing and not many people as i see understand what is going on, many still want to buy new equipment. Especially you bought this cards in the spring or fall 2017, 1.5 - 2 times chipper. If not - more tough decision. Hold the ground may be - keep mining still itis profitable. But if ETH dropped another two times there will be no buyers for equipment and mining becomes not profitable at all considering electricity costs.
But it's business, it's not fun money for nothing. If you in - you should took all risks.
For the 1080Ti at the current price, the ROI is 500 days after the electricity cost. So it is better to buy the coins directly.
It's not $1/day. It's a little under $2.
Speak for yourself cause taking account electricity cost and taxes, that makes at $1 per card per day.
It all depends on electricity costs, it's not the same to mine in a place like Venezuela where electricity is technically free than in the U.K. or France with high costs.
If the government or police find out you mine in Venezuela they kill you.
All over Craigslist people are panic selling their 1070 and 1080 it seems.
Some are even below what the retailers are selling them for.
Basically a 450 day ROI is scary for most.
Some are even below what the retailers are selling them for.
Basically a 450 day ROI is scary for most.
First, dump their prices should shops due to coming soon dramatic surplus. Also it's a good time to sell your videocards right now because they are overpricing and not many people as i see understand what is going on, many still want to buy new equipment. Especially you bought this cards in the spring or fall 2017, 1.5 - 2 times chipper. If not - more tough decision. Hold the ground may be - keep mining still itis profitable. But if ETH dropped another two times there will be no buyers for equipment and mining becomes not profitable at all considering electricity costs.
But it's business, it's not fun money for nothing. If you in - you should took all risks.
These posts seem to crop up a lot for some reason, the answer is simple. If you already have equipment the answer is probably "yes," but you can easily check with a profit calculator (e.g. https://www.cryptocompare.com/mining/calculator/eth)
The question of whether it will be profitable to buy equipment is more complicated, but not by much. Find hashrates for GPUs (or ASICs/whatever) from a site like: https://whattomine.com/
Use a profit calculator to see how long it will take to ROI, and decide whether you think the market will crash in that time.
For example, if you assume Ethereum will retain value for a year (and not switch to POS), it is currently profitable to set up new rigs.
The question of whether it will be profitable to buy equipment is more complicated, but not by much. Find hashrates for GPUs (or ASICs/whatever) from a site like: https://whattomine.com/
Use a profit calculator to see how long it will take to ROI, and decide whether you think the market will crash in that time.
For example, if you assume Ethereum will retain value for a year (and not switch to POS), it is currently profitable to set up new rigs.
Not exactly. Your will earn the cost of your ETH equipment in 2 years. If ETH price will the be same during next two years. But difficulty will be not for sure. So you will never recoup your costs buying new equipment now except case ETH price will quick rise. The main problem - video cards now cost twice they should cost. Or may be tripple. Slow guys experienced problems with calculator dont realised yet.
My calculation is 12 months to recoup assuming no difficulty change and stable ETH price, with a 5x 1070 rig. I get free electricity, so maybe 14 months with that included.
I agree that GPU prices are frustrating, though.
Apparantly not. I see totally frustration ROI 570 days in this case based on local retail prices (This rig will costs $4000 including memory, cpu, hdd, motherboard and psu). And electricity priced $0.1 USD. Or 460 days using free eletricity. Which means never because calculator doesnot take consideration on difficulty increasing. But mining yet profitable if you already had this rig ofcourse.
It's a tough time for mining nowdays.
many nocoiners say that pentium chips are the best at cracking SHA 256
We need to take in account another key factor, the price of the coins, and no one knows what will happen in the future, maybe you mine, you hold the mined coins and these coins will have a value of 5x or 300x in one year from now o maybe the value will be something close to zero, who knows.
I like what you wrote and especially this point which I think sums up what I am doing. Mine stuff that I think are good and could have a future and then mine some others and see what happens. I think the ROI point holds true and if you really don't care if you get the money back (me) everything is a win win or if it goes to 0 then it was a fun experience but the future does not look good. When I want to buy something, I always bring up ROI with the wife and I can usually talk her into buying it. lol
Right now a gtx 1070($800) or a rx 580($450) will give you $1 per day per card, so basically if you buy a gtx 1070 now will be 800 days to roi and 450 days for the rx 580. Stay away from gpus.
It's not $1/day. It's a little under $2.
The worst are the 1080 which were meant for Equihash which has dropped in profitability faster than Dagger hash.
True that. Coming from someone who is actually mining. Glad I only have two 1080's in my 31 gpu arsenal at this point.
there are lot to consider before saying that mining is not worth it anymore
things to consider like electric fees on your country
Mininf equipments and good place with ventilation
mining is investing also there's a possibility of busting or success
things to consider like electric fees on your country
Mininf equipments and good place with ventilation
mining is investing also there's a possibility of busting or success
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