Topic: Profitability - page 3. (Read 3372 times)

Market crash is something that everybody should expect when mining goes to masses, driven by mass media in several countries. Everyone who has been in this game for 3-4 years should remember exactly the same state. And as the wheel rolls, hype-people will leave, enthusiasts will stay.

If people did the investment research and applied it to the mining world there'd be such a better understanding for how things can go..

I subscribe to Teeka Tiwari of the Palm Beach Group of hes been traveling the world reporting on crypto, the developers, cause and effect, and ETH as a whole.. he's been an incredible real time source of ETH news.

My hardware is still within it's 30 day no question asked return window..
It is very tempting to just pack it up, haha.

Does anyone else see zcash as an extremely solid PoW coin when Eth Ice Age hits or Casper is implemented?
Or am I alone here..

I really hope, that coin prices start rising, so we can all enjoy profits a bit longer.

Miners are not the primary driving force for the price of ethereum.. I think you need to look at the bigger picture..Not sure if you think everyone's dumping their equipment in 3-5 months because of PoS, some may, but people with a plan when this started, won.. If you're privvy to whats going on with Casper protocol, ethereum ice age protocol, have a backup plan for a coin to mine, and a fire sale plan for your hardware. It's tough to take a hard loss. Research and plan.

These are the same conversations I saw 3 years ago..
After the hype, the mining market crashes.. which is why I only bought (2) 1080tis..
I got into the game late.. So this way I at least have a monster gaming rig at the end of this.

However, maybe we will get lucky and it won't take 3 years for another hype and today's mining equipment will still be valid.

Block times for ETH are going to increase to 20 seconds in a few weeks and then to 30 second in two months. This will drive up the difficulty on its own as it reduces the amount of ETH that's mined per day. When this happens the MILLIONs of GPUs mining ETH will move into other coins crashing any profit and skyrocket the difficulty. People can forget about ROIing on their gear this year as their biggest choice will be if they're willing to mine at a loss or close to it or take the loss and sell their gear. Those who went about this smartly will prosper as sadly it will be the new people who will suffer the most...

https://blog.ethereum.org/2017/05/24/roundup-round-iii/

that's the possibility with mining difficulty so while its still doing it keep trying and enjoy the ride and be wise invest only with your money that really spare and never invest all in even in mining equipment since a lots of miners and newbies who loves to mine that will be a possible competitors inside this investment so be very careful.

3-5 months?

Dude, if coin values keep dropping like they are now, this is gonna happen in less than a month.

Yeah, the 1080ti is a flagship and will hold its price for a long time, at least until Volta arrives.

Vega i hear someone shouting in the back? 1080ti will crush Vega 

When mining becomes unprofitable again you'll be lucky to sell used [4,5]xx cards for the cost of shipping

Crypto has been bearish for a good few days now and there will be a lot of shaky hands around.

Mining can not remain this profitable unless new money keeps flowing into crypto due to the massive amount of hardware entering the ecosystem.

All these new miners are looking for ROI and money will keep pouring out.

Global events, however, do play a massive part.

A large global recession or currency collapse will cause investors to flood to precious metals and more than likely digital gold (crypto).

IMO

I think everyone is overestimating resale value.

Majority of current price is driven by miners who are looking to jump in the craze.  However, what do you think will happen once this becomes unprofitable again? 

Market will be flooded with people trying to sell their equipment about 3-5 months from now. 

There will definitely be a point where GPU resell will be substantial.. I mean i bought 12 x rx580's for 250.00 per...

I could unload next year for close to the same price IMO. My 1080ti's i'm very confident in resell value as well. Again, just my 2 cents.

By the end of this month your 5 months return of investment will become 5 years hehe

In the last two weeks my profitability has gone from $32 a day to $24. Added almost 2 months to my breakeven.  

Not realy.
There will be tons of other miners selling them so they will go dirt cheap, not really gonna help ROI

Obviously rising difficulty returns will slow down through the end of the year..Everyone has their own opinion. However I have read about something called the Ethereum Ice Age protocol, i'd look into it.. but there will always be a coin to mine IMHO. Just has to be worth it to you, financially.

I invested a substantial amount of money, well atleast for myself ha.. but the investment building multiple set-ups i'll never regret ha. And well, they're doing great and on track with my projected returns, and considering the long term variable cost of Eth and it's potential. I'm not concerned..

ZEC being a privacy protocol coin affiliated with btc, which if i'm not mistaken will be PoW, always. I think it's a huge safety for miners with the eth PoS issue on mind..

I think ETH will hold it's own as the dominant cryptocurrency, but if btc stays alive for a considerable amount of time, longer then when the ETH ice age protocol hits .. I think zcash will still be there, as an extremely profitable coin to mine..

For example today with ETH taking a dive and the past couple of days for that matter, I'm much better off changing all my rigs to mine zec vs eth at the moment..

Lastly, which kind of gave me the push into mining..I feel if you're purchasing high end tech hardware, re-sell is phenomenal with GPU shortages along with everything else disappearing.. if crypto crashes and mining becomes unprofitable.. Next most profitable coin or a yard sale should be able to cover any 'losses' and then some. I don't believe in losses when it comes to this though.. At the point the difficulty exceeds profitability I'll already have returned on my investment.. but again, everyone has their own opinion.

Will ne good i think because more investire will join the party and the value will increase even more, there is no risk in mining because the gpu csn always be resold without  much problem