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...
Topic: Mining , still worth it? - page 7. (Read 7336 times)
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.
I share this view. World centrobanks did enough to destroy trust in fiat money at last few years.
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.
Never say never What starts for pure profit may later transform into great interest and even passion for the technology behind it.
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.
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.
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.
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.
i think now be painful for those who have miners. as usual they per month get 1 eth.
which changes only its eth price only and to get eth still the same.
just keep calm and learn from mistake
which changes only its eth price only and to get eth still the same.
just keep calm and learn from mistake
People expect the same profits that we have seen from the last 12 months, this is natural of people to assume this if they are new.
Lets remember mining is not about profit and is about securing the blockchain you believe in.
Lets remember mining is not about profit and is about securing the blockchain you believe in.
Mining is still worth it of course, and it'll remain that way until we have PoW crypto-currencies running smoothly. Profitability sometimes increases and decreases, so if you're going with the safe strategy, it's still worth it.
Spot on. Is it "worth it" depends on personal expectations.
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!
ANyway if the market will not hit back to the top, the price will drop aswell, so lets see how it goes;)
cheers!
Anyway, mining rigs are much cheaper now.
It's not confirmed. GPU are still overpriced
I completely agree!
The situation is certainly improving, but still the GPU is still overrated, and not bad enough.
Annual cards from hands on the ads now sell at prices for which we bought them a year ago new in the store!
Agreed. I look at the current prices at stock and e-bay, then remember where it was year ago and than do nothing. Too much.
Anyway, mining rigs are much cheaper now.
It's not confirmed. GPU are still overpriced
I completely agree!
The situation is certainly improving, but still the GPU is still overrated, and not bad enough.
Annual cards from hands on the ads now sell at prices for which we bought them a year ago new in the store!
The recent official video from Corsair tells about the abusive use of GPU's in mining. In their opinion, they should stick to their original price and with gamers, and shouldn't be over-priced and used by miners.
https://www.pcgamer.com/corsair-sides-with-gamers-in-video-mocking-cryptocurrency-mining/
Thay's funny, thanks
Anyway, mining rigs are much cheaper now.
It's not confirmed. GPU are still overpriced
I completely agree!
The situation is certainly improving, but still the GPU is still overrated, and not bad enough.
Annual cards from hands on the ads now sell at prices for which we bought them a year ago new in the store!
The recent official video from Corsair tells about the abusive use of GPU's in mining. In their opinion, they should stick to their original price and with gamers, and shouldn't be over-priced and used by miners.
https://www.pcgamer.com/corsair-sides-with-gamers-in-video-mocking-cryptocurrency-mining/
Anyway, mining rigs are much cheaper now.
It's not confirmed. GPU are still overpriced
I completely agree!
The situation is certainly improving, but still the GPU is still overrated, and not bad enough.
Annual cards from hands on the ads now sell at prices for which we bought them a year ago new in the store!
Mining is still worth it of course, and it'll remain that way until we have PoW crypto-currencies running smoothly. Profitability sometimes increases and decreases, so if you're going with the safe strategy, it's still worth it.
Anyway, mining rigs are much cheaper now.
It's not confirmed. GPU are still overpriced
If you think $0.02 cents per day per 30mhs RX 580 which is $450 is profit then by all means, hang yourself and make sure to buy a fabricated coffin to rest in peace for life hehe
That's it folks
Can anyone tell me what is Proof of Stake?
Can anyone use Google?
LOL some people are just too lazy to spend an extra 30 seconds on Google (or to type in this forum search box).
If he's that lazy, he can give me his money, and I'll invest it into the proper coins for him.
Can anyone tell me what is Proof of Stake?
Can anyone use Google?
LOL some people are just too lazy to spend an extra 30 seconds on Google (or to type in this forum search box).
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