On another thread we were discussing this but it got a bit off-topic. One person posted a reasonable figure that today with 1.5MHs hashing power you can earn about $15 per day mining the better-standing coins. Unless you have a milk crate rig, that would be 2 boxes with an investment of about $700 each and be around 500 watts consumed with each. So the ROI would be about 90 days per box or for both with the combined KHs assuming it's something along the lines of an R9 280X in each. And unlike BTC ASIC rigs with difficulties going up and up, they would still keep having a good resale value. I'm thinking due to so many different coins out there, the difficulty will be spread out so that no one would be a true leader, if one were more profitable, the multipools would jump in and lessen the mining incentive from single coin pools and folks would switch. Some of these coins too, may be a good investment if their value double, tripled, or even went up by a factor of 10. Lately, a lot of the graphs were showing a downward or stagnant trend, but just looking at http://coinmarketcap.com/ tonight I see this:
Litecoin +8.80%
Dogecoin +53.98%
Netcoin +11.07%
Earthcoin +8.97%
Bitbar +56.87%
So what's the view on profit over the next 6 months or so in the long run? Build more boxes and gear up for a new upward trend, or will profitability start to fade as too many more new folks discover all of this and crowd us out?
I read most of what you wrote there... The one area where you are probably dead wrong; resale value on GPUs. Pre-November 20th there were a few LTC mining rigs for sale on eBay and elsewhere. The spike in the market hit and sales of GPUs, as we all know, boomed. You could not find 7950's, 7990,s whatever ANYWHERE. So, tons and tons of other GPUs where sold. Now look at them showing up by the bushel basket on eBay and other sites already. Some are from opportunistic sellers but more are from people who thought they could mine and got in over their heads. If you bought pre-boom you might have resale value. Post boom...no way. (I bought four 280x GPUs post boom knowing I could loose but I wanna keep building and mining). Litecoin +8.80%
Dogecoin +53.98%
Netcoin +11.07%
Earthcoin +8.97%
Bitbar +56.87%
So what's the view on profit over the next 6 months or so in the long run? Build more boxes and gear up for a new upward trend, or will profitability start to fade as too many more new folks discover all of this and crowd us out?