There really isn't any secret mining coins which produce a significant amount of profit compared to say ETH or XMR, its basically tough for everybody.
The only people who are winnings are those with free or extremely cheap electricity. Everybody else is either mining for a dime a day per GPU or they are simple betting that the ETH they mine today, will be worth much more in the near future.
I think with ETH, most are waiting for the ETH/BTC ratio to improve and for the issuance reduction next month.
Topic: Mining: trust, ETH price decrease and other algos (Read 236 times)
I continue mining ETH on Nanopool. I have a small rig of 2 GTX 1070 and 1 GTX 1070 ti. Net profit of about $ 25 per month (0.2 ETH). I am engaged in mining for the future. I can't do anything to increase my profit.
I think for each 25 dollar price reduction in ETH, there would be hash rate drop at this point. I pay about 5.5 cents a KWh and own my own data center as well as have remote staff. I am able to sustain during the downturn. What I noticed is that the only thing that would save a miner now is price of power. I am setting up a large solar farm and my power cost should be around 3 cents and should keep mining profitable to pay off the solar farm. This is the only thing I can think of that would save mining during these tough times.
I am very interested in those miners, who have been mining ETH. I am NOT asking those, who have switched off their rigs.
Those of you, who keep mining - have you switched algos? Or changed your rig setup? Do you feel relieved? Or maybe, you regret doing that? What have you improved to survive harder times?
Those of you, who keep mining - have you switched algos? Or changed your rig setup? Do you feel relieved? Or maybe, you regret doing that? What have you improved to survive harder times?
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