POLL: What's your plan after ETH? | Bitcointalksearch.org

QuintLeo

legendary

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Quote from: Msobh on July 16, 2017, 03:36:54 AM

soon the market will be flooded with used GPU . ETH price is going down so fast .. and the smaller miners will sell as there is no profit for them .. if they mine other coins difficulty will sky rocket and still no profit for them . so it is inevitable Mr Anderson .. GPU will soon flood the market

Unless one or more of the bigger market cap coins starts price climbing again.

Also depends on your definition of "soon" - if you mean before the end of the year, it's looking likely, if you mean in the next month I doubt it.

If current price trends hold though, the mass shortages will probably go away over the course of the next month, lot fewer folks adding new machines the last few days.

Msobh

jr. member

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soon the market will be flooded with used GPU . ETH price is going down so fast .. and the smaller miners will sell as there is no profit for them .. if they mine other coins difficulty will sky rocket and still no profit for them . so it is inevitable Mr Anderson .. GPU will soon flood the market

QuintLeo

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Quote from: toygg on July 14, 2017, 10:58:35 PM

Which altcoins do u guys foresee the majority of the hash power is being transferred to? Here is my 3 cents worth, they would go into either Dogecoin or ETC.

DOGE is Scrypt - no way ANYONE is going to GPU mine it.

ETC is too small to asorb much ETH hashrate without miner profitability collapsing entirely.

ZEC can asorb a pretty large chunk, but even THEN it's going to lose a lot of profitability.

If current trends continue though, there's gonna be quite a bit less ETH mining by the time it DOES start moving to POS - profitability is ALREADY getting close to where it was at last summer, and it looks like the rapid growth of the network hashrate is FINALLY flattening out as a result.

Eyedol-X

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Quote from: BennyT on July 15, 2017, 07:10:02 AM

Quote from: thesmokingman on July 14, 2017, 09:26:16 AM

None of the above. I will be taking risks on coins that aren't as profitable for a number of reasons. To me you're better off mining the "coins" that the crowd is ignoring and you're able to fill your bags fast before everyone comes in to crash the price.

Remember the people who made out the best on ETH are those who mined it at .30-60 a coin and were mining a crazy amount of coins per day. I'm willing to bet the profits were next to nill during that time and now they have thousands of dollars if not millions. Tons of coins out right now with good tech behind it that are under the radar that people are ignoring because profits aren't the best compared to other coins. I'll be filling my bags while everyone is focusing on the shiny object....

Also SIA will have an asic soon, so it may not be a viable option for dual mining in a few months.

I agree 100%. If you're mining purely for ROI I don't think you've grasped cryptocurrency entirely. You're more mining for a passive income which isn't bad but there's a huge opportunity ahead of us. We're at the very beginning of crypto, I would definitely keep mining. You never know which coin is going to blow up or how this landscape is going to look in 10 years.

I'm going to keep on mining, I won't be selling my GPU's unless I'm upgrading them to newer models. I built all my rigs so I can easily change out the GPU's with whatever I want to run GPU wise.

Almost 100% of what I'm running today has been purchased with profits from initial investments and I plan on keeping it that way.

Based on poll results it seems most have same opinion of DCR as I do, I really don't see a purpose in it other than to sell.

BennyT

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Quote from: thesmokingman on July 14, 2017, 09:26:16 AM

None of the above. I will be taking risks on coins that aren't as profitable for a number of reasons. To me you're better off mining the "coins" that the crowd is ignoring and you're able to fill your bags fast before everyone comes in to crash the price.

Remember the people who made out the best on ETH are those who mined it at .30-60 a coin and were mining a crazy amount of coins per day. I'm willing to bet the profits were next to nill during that time and now they have thousands of dollars if not millions. Tons of coins out right now with good tech behind it that are under the radar that people are ignoring because profits aren't the best compared to other coins. I'll be filling my bags while everyone is focusing on the shiny object....

Also SIA will have an asic soon, so it may not be a viable option for dual mining in a few months.

I agree 100%. If you're mining purely for ROI I don't think you've grasped cryptocurrency entirely. You're more mining for a passive income which isn't bad but there's a huge opportunity ahead of us. We're at the very beginning of crypto, I would definitely keep mining. You never know which coin is going to blow up or how this landscape is going to look in 10 years.

umine

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For Nvidia cards will try Neoscrypt coins, timetravel and so on, for my AMD cards will try other Ethash coins like DBIX, DAXX and many others

h311m4n

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Quote from: Eyedol-X on July 14, 2017, 08:48:39 AM

I'm going to be mining one of those coins above primarily if ETH were to switch to POS or become unprofitable due to difficulty.

I haven't decided which but currently I'm leaning towards ETC because it makes most sense for my non-nvidia rigs. ZEC for my Nvidia rigs and wherever I would dual mine, I would pick SIA.

What's your plan right now?

The masses will follow the masses. ETC, Zec etc. will get a lot of miners their way.

I don't think many miners here will share their strategy openly on this forum simply because there are too many of us. Having a strategy that differs from the masses is important.

The only thing I will tell you is I quit mining ETH over a month ago and switched to ETC. People tend to blindly follow the most profitable coin regardless. Glad I did because in the past 4-5 days, it's taking me double the time to mine one ETC than it did the week before.

It's really about making a stash before the heard arrives...

Marvell1

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Quote from: Eyedol-X on July 14, 2017, 07:13:39 PM

Quote from: pchampn on July 14, 2017, 04:49:10 PM

I just got into ETH during last month. So I missed the party big time, however, at this moment, I am going to enjoy the ride as much I can and keep following this forum for best advice.

Current set-up:

2x 1070 + 1x 1080 rig = ZEC (thinking about switching to ZEN or LBC)

6x 580 rig = ETH + SIA (in the past mined ETH + DCR)
4x 570 = ETH + SIA

Also, I have 1x R9 290X, which I have heard can give good hashrate mining ETH + SIA, so I may add it to my 4x 570 rig. I still two more rigs to bring online this weekend, so I am way behind and hoping it is a worthwhile effort. If not, I am OK with taking a loss.

Any advice about what I should do different is welcome

My advice is to only buy more gpus with profits because soon they will be really cheap and widely available. You're paying a premium right now for the GPU's at current market pricing.

ppl

keep saying gpus will be cheap blaah blah, i dont see it happening , as it gets harder to mine ppl will try and add more hash I think we will have gpu shortages until march april 2018 when wth goes pos, any gpu bought now would def be paid off by then

toygg

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Which altcoins do u guys foresee the majority of the hash power is being transferred to? Here is my 3 cents worth, they would go into either Dogecoin or ETC.

QuintLeo

legendary

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I only have one rig mining ETH - and it's already got a long-term home planned, from before it STARTED mining ETH.

R9 290 does about 29 Mh/s right now on ETH with a BIOS from TheStilt to let it overclock without thermal limiting and some undervolt, he also did R9 290x BIOSes as well.

I've never been impressed by dual mining, seems like the return is only rarely noticeably more than just mining ETH straight up and often ends up costing more in ETH than you get from the "second" coin income, especially when you factor in the HIGH electric usage (and a fair bit HIGHER when dual mining) that a R9 series card uses.
It MIGHT work out better on RX series cards as they don't use nearly as much power either way.

Eyedol-X

hero member

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Quote from: pchampn on July 14, 2017, 04:49:10 PM

I just got into ETH during last month. So I missed the party big time, however, at this moment, I am going to enjoy the ride as much I can and keep following this forum for best advice.

Current set-up:

2x 1070 + 1x 1080 rig = ZEC (thinking about switching to ZEN or LBC)

6x 580 rig = ETH + SIA (in the past mined ETH + DCR)
4x 570 = ETH + SIA

Also, I have 1x R9 290X, which I have heard can give good hashrate mining ETH + SIA, so I may add it to my 4x 570 rig. I still two more rigs to bring online this weekend, so I am way behind and hoping it is a worthwhile effort. If not, I am OK with taking a loss.

Any advice about what I should do different is welcome

My advice is to only buy more gpus with profits because soon they will be really cheap and widely available. You're paying a premium right now for the GPU's at current market pricing.

adaseb

legendary

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Quote from: pchampn on July 14, 2017, 04:49:10 PM

I just got into ETH during last month. So I missed the party big time, however, at this moment, I am going to enjoy the ride as much I can and keep following this forum for best advice.

Current set-up:

2x 1070 + 1x 1080 rig = ZEC (thinking about switching to ZEN or LBC)

6x 580 rig = ETH + SIA (in the past mined ETH + DCR)
4x 570 = ETH + SIA

Also, I have 1x R9 290X, which I have heard can give good hashrate mining ETH + SIA, so I may add it to my 4x 570 rig. I still two more rigs to bring online this weekend, so I am way behind and hoping it is a worthwhile effort. If not, I am OK with taking a loss.

Any advice about what I should do different is welcome

Don't buy any more GPUs

pchampn

newbie

Activity: 41

Merit: 0

I just got into ETH during last month. So I missed the party big time, however, at this moment, I am going to enjoy the ride as much I can and keep following this forum for best advice.

Current set-up:

2x 1070 + 1x 1080 rig = ZEC (thinking about switching to ZEN or LBC)

6x 580 rig = ETH + SIA (in the past mined ETH + DCR)
4x 570 = ETH + SIA

Also, I have 1x R9 290X, which I have heard can give good hashrate mining ETH + SIA, so I may add it to my 4x 570 rig. I still two more rigs to bring online this weekend, so I am way behind and hoping it is a worthwhile effort. If not, I am OK with taking a loss.

Any advice about what I should do different is welcome

Jdope

hero member

Activity: 747

Merit: 502

Quote from: ghostwalker.ph on July 14, 2017, 11:45:12 AM

ETC is the next best safehaven for mining crypto on your GPU.

ZEC is also a tough contender.

ETC is already just as or even less profitable than eth currently, if more people mine it, it shouldn't be profitable at all unless it has a real price hike, which i'm hoping it does soon haha

Eyedol-X

hero member

Activity: 952

Merit: 508

Quote from: adaseb on July 14, 2017, 02:37:18 PM

When ETH goes POS, every coins hashrate will increase 10x.

So at the current profitability levels we will be making about $0.20/day per RX 470/480.

At that rate, you are better off just selling the GPU and go back to BTC ASIC mining.

Yup I'm expecting a ton of alts will see a hashrate and difficulty spike

adaseb

legendary

Activity: 3808

Merit: 1723

When ETH goes POS, every coins hashrate will increase 10x.

So at the current profitability levels we will be making about $0.20/day per RX 470/480.

At that rate, you are better off just selling the GPU and go back to BTC ASIC mining.

sundownz

hero member

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I plan to keep using Nice Hash -- there are a slew of algorithms on there. Almost all of my NVidia rigs do other things besides ETH at this point.

Eyedol-X

hero member

Activity: 952

Merit: 508

Quote from: puwaha on July 14, 2017, 01:37:03 PM

Quote from: Eyedol-X on July 14, 2017, 08:48:39 AM

I haven't decided which but currently I'm leaning towards ETC because it makes most sense for my non-nvidia rigs. ZEC for my Nvidia rigs and wherever I would dual mine, I would pick SIA.

When you say "non-nvidia"... you do mean "AMD" right? I didn't know if you were looking at breaking out some ATI 3D Rage or Voodoo cards to see if they could hit 30 megahash per hour with a little bit of overclocking. Tongue

My AMD Rigs do 28-30mh each GPU with a custom bios

My Nvidia 1070 Rigs do 25MH without any overclocking but they really shine on ZEC.

I know you can push the 1070 higher for ETH/ETC but in a post ETH POW world, I would point Nvidia at ZEC and AMD at ETC as it stands right now.

puwaha

sr. member

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Quote from: Eyedol-X on July 14, 2017, 08:48:39 AM

I haven't decided which but currently I'm leaning towards ETC because it makes most sense for my non-nvidia rigs. ZEC for my Nvidia rigs and wherever I would dual mine, I would pick SIA.

When you say "non-nvidia"... you do mean "AMD" right? I didn't know if you were looking at breaking out some ATI 3D Rage or Voodoo cards to see if they could hit 30 megahash per hour with a little bit of overclocking. Tongue

Dlugina23

sr. member

Activity: 504

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Not pow/pos heard.

Topic: POLL: What's your plan after ETH? (Read 2285 times)