Mining , still worth it? - page 6. | Bitcointalksearch.org

demonch1k

newbie

Activity: 2

Merit: 0

Quote from: dimpsk on April 05, 2018, 02:44:22 PM

Quote from: gotminer on April 05, 2018, 01:47:35 PM

Quote from: dimpsk on April 05, 2018, 12:44:59 PM

Quote from: ?? on ??

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore Wink

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: gotminer on April 05, 2018, 01:47:35 PM

Quote from: dimpsk on April 05, 2018, 12:44:59 PM

Quote from: ?? on ??

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore Wink

gotminer

member

Activity: 644

Merit: 24

Quote from: dimpsk on April 05, 2018, 12:44:59 PM

Quote from: ?? on ??

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: ?? on ??

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: gwestcot on April 05, 2018, 07:29:04 AM

Quote from: Sandal_Hat on April 05, 2018, 07:12:40 AM

Quote from: gwestcot on April 05, 2018, 07:08:08 AM

Quote from: Sandal_Hat on April 05, 2018, 06:41:03 AM

Quote from: m.vina on April 05, 2018, 02:44:36 AM

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days. Grin

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

I just hope they try to focus on coins that already have established ASIC markets rather than trying to create new ones that the community doesn't want. They should come out with an improved Bitcoin miner instead of branching to cryptonight, ethash, and everything else under the sun.

Why would one improve a btc miner when there is no need to. Can only improve to 10nm which is not much. It will cannibalize sales of their own S9 product....no point. The current 10nm node miners have proven to not be special or anything.

gwestcot

sr. member

Activity: 794

Merit: 272

Quote from: Sandal_Hat on April 05, 2018, 07:12:40 AM

Quote from: gwestcot on April 05, 2018, 07:08:08 AM

Quote from: Sandal_Hat on April 05, 2018, 06:41:03 AM

Quote from: m.vina on April 05, 2018, 02:44:36 AM

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days. Grin

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

I just hope they try to focus on coins that already have established ASIC markets rather than trying to create new ones that the community doesn't want. They should come out with an improved Bitcoin miner instead of branching to cryptonight, ethash, and everything else under the sun.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: gwestcot on April 05, 2018, 07:08:08 AM

Quote from: Sandal_Hat on April 05, 2018, 06:41:03 AM

Quote from: m.vina on April 05, 2018, 02:44:36 AM

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days. Grin

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

gwestcot

sr. member

Activity: 794

Merit: 272

Quote from: Sandal_Hat on April 05, 2018, 06:41:03 AM

Quote from: m.vina on April 05, 2018, 02:44:36 AM

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody likes bitmain these days. Grin

baga105

sr. member

Activity: 362

Merit: 250

Until you get your E3 to your house, you could only use it to heat up your house Wink

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: m.vina on April 05, 2018, 02:44:36 AM

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

m.vina

full member

Activity: 280

Merit: 102

Quote from: klintistwood on April 05, 2018, 02:11:15 AM

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

klintistwood

full member

Activity: 157

Merit: 100

Out of the box is where I live

Quote from: NateDoggETH on April 03, 2018, 02:46:08 PM

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

ptjoy

newbie

Activity: 50

Merit: 0

Mining will worth it, if you did research of what currency with what equipment you can mine with best calculated roi, and smaller period of time.

senseless

hero member

Activity: 1118

Merit: 541

Yes, mining is still worth it. You just need to be better than the average joe.

RoftheN

full member

Activity: 546

Merit: 100

Can you get cheap Electricity?
Maybe

Can you get free electricity?
It's profitable

Is the electricity expensive?
Better to buy the coins you would want to mine

Did someone gift you free GPUs and you're not sure?
You can give it a try and see what it does, maybe do something bad and steal some eletricity somewhere, maybe it's even profitable without doing it.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: raiderosik on April 03, 2018, 01:43:54 AM

Guys but since last 2-3 month price for GPU went down a bit( as example rx 570) just 2 months ago they were hiting 550$++ and now i can find them even under 400$ so price is hitting lower. I can agree its not a price where they should be( for example begining price when they went out) but its better then overpriced 550$...
ANyway if the market will not hit back to the top, the price will drop aswell, so lets see how it goes;)
cheers!

NEWEGG pricing (not the third-party sellers there) was more like $400-$450 for most RX 470/480/570/580 at the "2-3 months ago" peak - so they have dropped some but not as much as you claim (lowest NEW listing the last 2-3 days at $339).
They DID get into the $550+ range briefly a YEAR ago on internal pricing.

Nvidia availability has gotten a TON better the last 2 weeks, though mostly MSI and Gigabyte models, and the price has dropped some - I think most of the price premium there at this point is due to "RAM shortage gouge pricing".

As long as coin prices don't jump again, GPU price should keep sliding slowly while availability gets better.

NateDoggETH

jr. member

Activity: 76

Merit: 1

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

gwestcot

sr. member

Activity: 794

Merit: 272

Quote from: Mike011 on April 03, 2018, 01:37:24 PM

Quote from: gwestcot on April 03, 2018, 12:29:22 PM

Quote from: Mike011 on April 03, 2018, 11:00:08 AM

Quote from: gwestcot on April 03, 2018, 09:25:47 AM

Quote from: Mike011 on April 03, 2018, 09:18:48 AM

Quote from: Oakey22 on April 03, 2018, 06:00:23 AM

Lets remember mining is not about profit and is about securing the blockchain you believe in.

Sure.. Thats exactly what i had in mind when i bought shitloads of graphic cards last year and payed them a lot of money. I told to myself: "damn, these cards are expensive, but i just know that they will secure dat blockchain!".

Get real. We`re in it for the money. Also stop mixing blockchain tech with crypto currencies.

then be in it for the long term... don't sell things you mine right away. If you are unable to pay for the electricity out of pocket then maybe you should stop mining.

No, i`m fine. I mine with a plan. And it`s a long term one. I just wanted to make it clear that, at least for me, i am in this game solely for the profit and nothing else.

That is your prerogative of course but I am in it to free us from fiat which is doomed to fail. I would love to create a stable crypto that people can actually use for a reliable means of transacting. I am actually working towards a project now to do just that. Wink

All the best with the project mate

And if i may add yours is a noble path.

Thanks I will need it... Price stabilization in a decentralized manner is a tall task but I donate about 12 hours of research a day toward that goal.

dimpsk

newbie

Activity: 112

Merit: 0

Quote from: SirEGB on April 03, 2018, 01:17:17 PM

The level of "this is bad" has reached new levels. I am paying a lot on electricity per kWh and right now I am barely breaking even. ETH is under $400... I am very very close to unplugging...

At first you may mine at night with a chipper electricity

Mike011

full member

Activity: 312

Merit: 104

Quote from: gwestcot on April 03, 2018, 12:29:22 PM

Quote from: Mike011 on April 03, 2018, 11:00:08 AM

Quote from: gwestcot on April 03, 2018, 09:25:47 AM

Quote from: Mike011 on April 03, 2018, 09:18:48 AM

Quote from: Oakey22 on April 03, 2018, 06:00:23 AM

Lets remember mining is not about profit and is about securing the blockchain you believe in.

Sure.. Thats exactly what i had in mind when i bought shitloads of graphic cards last year and payed them a lot of money. I told to myself: "damn, these cards are expensive, but i just know that they will secure dat blockchain!".

Get real. We`re in it for the money. Also stop mixing blockchain tech with crypto currencies.

then be in it for the long term... don't sell things you mine right away. If you are unable to pay for the electricity out of pocket then maybe you should stop mining.

No, i`m fine. I mine with a plan. And it`s a long term one. I just wanted to make it clear that, at least for me, i am in this game solely for the profit and nothing else.

That is your prerogative of course but I am in it to free us from fiat which is doomed to fail. I would love to create a stable crypto that people can actually use for a reliable means of transacting. I am actually working towards a project now to do just that. Wink

All the best with the project mate

And if i may add yours is a noble path.

Topic: Mining , still worth it? - page 6. (Read 7327 times)