Topic: The official lost some cash (and need to find someone to blame) thread (Read 2729 times)
July 11, 2017, 04:36:08 PM
A good GPU IMHO was the ASUS R9 380. For my nickle and dime setup, this was the card I went big with in the spring of '16 and piece mealed the rest of the way.
1) Run at 800/1500, a 6 card miner did 127 Mh/s @ 830 W using ubuntu.
2) Had a larger fan/cooling system, no AC required.
3) Crashed only at power failures.
4) Sold for about $180 - $220 from new Egg.
July 11, 2017, 03:51:50 PM
I definitely wouldn't be buying more rigs in this phase of the cycle but holding cryptocurrency is a different story. I am not selling cheap ETH, ZEC, ZEN etcetera. I'm willing to ride this bitch down to chapter 11 if I have to waiting for the bounce. As long as I can still eat frozen pizza.. I'll burn fiat to keep warm. Blockchain technology is literally the last mechanism that citizens have to resist the increasingly oppressive world governments.
July 11, 2017, 08:51:44 AM
Everyone is freaking out because currently their rigs still make almost twice as much money as they were in january, its just weeding out weak hands
Whales at this time is just paying the electricity of millions of miners around the world, whales helping miners and noobs since 2009. Noobs finally are getting the money to pay off bits of loans. Noobs are relieved, they can one more month breath hehe
the main reason smart ppl are freaking out is old heads know this is just the tip of iceage
with the nerf to rx cards , most large farms have alot of those cards so on top of that the expected additonal 30 loss of hash, add in the metropolis nerfs all I can say is thank god its at least this is happening in fall.
and dont think it will be easier to switch to other algos since all the rx cards willl be turned towards equihash pascal etc , Only nvidia only farms are in a good position now
That's why I sold all my RX's and switched over a couple weeks ago... Dumped 10x 470's and 5x 480's for over $150.00 profit each from what I bought them for...
Changed to 7x 1080ti's and already had a stack of 10x 1070's and 3x 1060's that ROI'd about a month ago. Rig density is a little lower so now I have less heat and use less electric but the money I made on the RX's easily paid for my 7x 1080ti's. Being ROI'd I will probably keep going as long as I want. Still planning on a mining room in my new house. Kinda hope this drops the Dif on some of the coins so I can earn more coins. I plan on Hodl for as long as possible... I haven't mined Eth in a while because of the Dif increase so should be interesting to see what happens...
July 11, 2017, 07:07:08 AM
Agree, next dumping wave is about to start. Need to get more beer and popcorn.
If only I can watch it from a nice big flat screen TV while puffing some cigar it would be the best....
July 11, 2017, 07:01:05 AM
My point is, just keep calm and observe for now. I'm relatively new to this so I might be wrong but I can see no real reason to get panic.
Agree, next dumping wave is about to start. Need to get more beer and popcorn.
July 11, 2017, 06:38:53 AM
It's all about playing the long game, look at btc holders or even eth holders, they are millionaires, did they sell? hardly 0.1% of what they have. Amazing it seems, crypto mining reward distribution is nothing like what countries do with their currencies, they every month put billions of dollars in the economy, truth is, there are so much money in the world, cryptocoins reward distribution is nothing compared to the world government distribution of money.
That's exactly my point, compared to the whole global government it's just a speck of dust by now. But not that miniscule to be easily said that it's game over, those who invested on mining farm, big huge mining farm will likely to hold more than enough fortune to be called millionaire and it's really unlikely for them to just give up on crypto.
And the global shortage of cards is just as funny as there's no global shortage of mobos and other parts. Heck where will those cards get plugged? Seriously no market rush for other parts. Even if it's there, its just not in proportions to the card rush. It's global shortage guys, how can it not affect other parts.
My point is, just keep calm and observe for now. I'm relatively new to this so I might be wrong but I can see no real reason to get panic.
July 11, 2017, 06:27:03 AM
It's enough to buy a small country for arguments sake, that much power won't go down easily.
It's all about playing the long game, look at btc holders or even eth holders, they are millionaires, did they sell? hardly 0.1% of what they have. Amazing it seems, crypto mining reward distribution is nothing like what countries do with their currencies, they every month put billions of dollars in the economy, truth is, there are so much money in the world, cryptocoins reward distribution is nothing compared to the world government distribution of money.
July 11, 2017, 06:14:42 AM
Just some fun facts right here in my country where all the miner selection graphic card either went totally off the market or get their price skyrocketed.
1. GPU mining needs a lot of components to work, not just the graphic cards alone will do the work. But apparently there is abundance regarding the other components. Yea, say each rig can hold the norm of 6 cards, but the choice for the board ain't that much either, no to mention their price and cpu pairing.
2. GPU miners are people who would go to the length of modding their cards BIOS just to get a bit more oomph and little less wattage on their rig. I can't see those kind of people buying mega expensive cards with water cooling and all just to mine.
3. People get panic and selling their coins in a rush, guys get real already. Just think how much is the current value of crypto weights? Do you think that ginormous amount of money can be sneezed in an uproar? It's enough to buy a small country for arguments sake, that much power won't go down easily.
Well it's just me and my noobish thinking...
1. GPU mining needs a lot of components to work, not just the graphic cards alone will do the work. But apparently there is abundance regarding the other components. Yea, say each rig can hold the norm of 6 cards, but the choice for the board ain't that much either, no to mention their price and cpu pairing.
2. GPU miners are people who would go to the length of modding their cards BIOS just to get a bit more oomph and little less wattage on their rig. I can't see those kind of people buying mega expensive cards with water cooling and all just to mine.
3. People get panic and selling their coins in a rush, guys get real already. Just think how much is the current value of crypto weights? Do you think that ginormous amount of money can be sneezed in an uproar? It's enough to buy a small country for arguments sake, that much power won't go down easily.
Well it's just me and my noobish thinking...
July 11, 2017, 06:10:56 AM
The GPUs that made a killing this mining season were the Radeon 7970/280X, 290/390, and the RX 470/480.
Every other GPUs especially the expensive Nvidia's either made you break-even or very little profit.
The R9 280X were paid off years ago or cost $100 second hand and at the peak were pulling in $5/day last month.
The RX 470 were paid off last Nov during the ZEC instamine bubble and were pulling in almost $9/day last month. You could of bought them actually in April even for $175 USD when nobody was buying them and manufacteurs were offering rebates to make room for RX 570/580.
These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.
Every other GPUs especially the expensive Nvidia's either made you break-even or very little profit.
The R9 280X were paid off years ago or cost $100 second hand and at the peak were pulling in $5/day last month.
The RX 470 were paid off last Nov during the ZEC instamine bubble and were pulling in almost $9/day last month. You could of bought them actually in April even for $175 USD when nobody was buying them and manufacteurs were offering rebates to make room for RX 570/580.
These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.
you forgot furys/nanos too
my 2 rigs consist solely of 390(x)'s, furys and 1 nano so far,(going for density) yeah they were always a bit pricey but dammit when I saw them going under 250€ I bought them this winter, nanos are always pricey and hard to get, but I got one for 340€... total of 11 gpus so far and I'm proud to say I broke even about a month ago...
...and looking forward for some even cheaper used cards after noobs stop mining all of sudden...
electricity is low enough here alts could crash even more than double and I'd still be fine,When those noobs run out of buyers im willing to help them out buying your 390/furys... for 200€
July 11, 2017, 05:32:05 AM
The GPUs that made a killing this mining season were the Radeon 7970/280X, 290/390, and the RX 470/480.
7970 is still doing $2/ day.
No matter how you run the numbers, if you have free slots and enough power, tahiti is still the winner.
Tahiti is definitely the winner due to the high profitability/low price combo.
Fiji/Hawaii would of been great except they were always overpriced. Even second hand.
July 11, 2017, 05:25:24 AM
The GPUs that made a killing this mining season were the Radeon 7970/280X, 290/390, and the RX 470/480.
7970 is still doing $2/ day.
No matter how you run the numbers, if you have free slots and enough power, tahiti is still the winner.
July 11, 2017, 05:21:09 AM
These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.
The rx 470 and rx 480 were only really available in October, from October 2016 to now, around 100% to $150% roi and no more than that. 1000% were traders, now if you go back when all started with eth costing $0.10 a piece then I do understand your thinking, the gpu series winner was Tonga. Polaris was never close to it.
About Nvidia cards then yes, if you see anybody saying "achieved roi" that might mean is not true. I myself think Nvidia card owners did not even achieve 30% roi.
July 11, 2017, 05:11:26 AM
Yep, and it is the only coin that hans't made 2x previous ath.
btc $2400 and ltc $45 is not fair.
btc $2400 and ltc $45 is not fair.
I would stay away from ltc as it was solely designed to be a scamcoin. Only scammers hold that thing and if somebody shout "buy ltc" then you are looking at a scammer before you hehe
July 11, 2017, 05:04:06 AM
The GPUs that made a killing this mining season were the Radeon 7970/280X, 290/390, and the RX 470/480.
Every other GPUs especially the expensive Nvidia's either made you break-even or very little profit.
The R9 280X were paid off years ago or cost $100 second hand and at the peak were pulling in $5/day last month.
The RX 470 were paid off last Nov during the ZEC instamine bubble and were pulling in almost $9/day last month. You could of bought them actually in April even for $175 USD when nobody was buying them and manufacteurs were offering rebates to make room for RX 570/580.
These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.
Every other GPUs especially the expensive Nvidia's either made you break-even or very little profit.
The R9 280X were paid off years ago or cost $100 second hand and at the peak were pulling in $5/day last month.
The RX 470 were paid off last Nov during the ZEC instamine bubble and were pulling in almost $9/day last month. You could of bought them actually in April even for $175 USD when nobody was buying them and manufacteurs were offering rebates to make room for RX 570/580.
These GPUs probably got 1000% ROI, that's real money. Not 30% ROI like most of you guys mentioned here. Sorry to say this but most who bought Nvidia GPUs last month probably only made enough just to cover the cards depreciation and not actual profit.
July 11, 2017, 05:03:19 AM
ltc is holding quite well.
Yep, and it is the only coin that hans't made 2x previous ath.
btc $2400 and ltc $45 is not fair.
July 11, 2017, 04:40:26 AM
Haha, from $8 to $30? Btc is still holding quite well, if it crashes too THEN it is time to buy.
Yes, eth will be pumped from 0.08 btc to 0.3 btc and you trolls who sold will likely commit suicide or cry around like I have seen many saying, "I sold too low" hehe
For my surprise I would say, ltc is holding quite well.
July 11, 2017, 04:34:44 AM
no point selling right now, eth will be pumped again.
Haha, from $8 to $30? Btc is still holding quite well, if it crashes too THEN it is time to buy.
July 11, 2017, 04:26:46 AM
You trolls have to play long now, no point selling right now, eth will be pumped again.
July 11, 2017, 03:20:01 AM
in a market like this, bulls, bears, cats all are killed.. the whales win lolz
July 11, 2017, 03:18:52 AM
If your 1080 ti can do 750 sols on equihash which is blood amazing then less electricity you will earn 3.40 per day.
Mine is doing 763 sols as we speak. Atm I'm using NiceHash. Earning 2.89 per day. So not worth it.
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