Topic: Thousands of rigs are going online soon, expected hashrate over next months? (Read 1313 times)

very true,, i don't even mine ETH because, I know were it is heading ...I mean ill mine one two full coins from time to time and try to hold on to them but beyond that, I'm off mining other stuff that is just as good .

and i mine Litecoins or Script coins as well ... and don't touch BTC they would have to hit 10 k cash per coin before i would turn on my A6 ... btw   the A7 sells for 714 now they dropped the price . that's temping .

Don't forget nothing beats having some rigs making you a income while you get paid to play video games, or relaxing in sun by the pool  

No he has not.  I have reached the point of considering going on a large venture in solar array  basically due to the growth of gpu mining.

There will be something worth mining for a looong time yet to come. If mining the "big boy" altcoins becomes less profitable some of the casual miners will quit, but there will be plenty of other options to keep mining for those that are into it as more then just a passing fad.

You're forgetting one key point. What would you trade if us miners didn't mint coins, other than POS coins? You mentioned earlier you follow miners for coins to invest in. So if we were no more, how would you know what coins to invest in? Not saying your statement isn't valid, but at the end of the day you need someone generating coins so you can trade them...so a thank you should be in order from you to us miners for generating a commodity you can trade for profits. You're Welcome by the way 

Also, for every ZEC you buy at a price of $200+ per token, only cost me $20-25 to produce, so who do you think will own more ZEC at the end of the day if you're pockets aren't deep enough? Also, some people have lives and can't sit in front of a PC and dedicate the amount of time it takes to learn how to read charts and track trades etc...I do both and while it can be profitable to trade vs mining, nothing beats knowing you're making money whether you're trading or not, sleep or awake, working your 1st or 2nd job, playing with the kids or wife/girlfriend  ....how much do you make trading while you're sleep or on vacation? I'm sure there are some profits from market moves, but those moves aren't guaranteed. Also if miners are smart, they won't tie their exit strategy to selling GPUs and fighting the crowds. The smart miners will be sitting back and buying all these cheap GPUs that will be hitting the market at some point to generate more coins for you to trade...

You haven't done the calculations lately........

Guy this is a mining board.

Several people mine and buy and hold all at the same time.

Go tout your investment stuff somewhere else.

While Metroid is now borderline trolling where he doesn't have anything to add, he is also categorically misunderstanding a key point to mining:

If ROI is in X time, that is assuming you sell off what you make immediately, and that those coins stay at that exact value. If you save your mined coins, or even save your BTC exchanged and said currency goes up you would do fantastic on both sides.

Quit being such a wet blanket and go back to 'Speculation' 

Triple quoted for importance.

Don't follow the herd.

Do your own 24hr profitability calculations yourself from the live numbers on different pools and decide what's most profitable.....

If you buy hardware that's less desireable to most end-users, then when "the bubble pops" or the network gets soaked in hashrate like BTC is...  that's when your stuck with a bunch of hardware you have to sell at a cut-rate price to try and recoup money you were expecting in return after use.

all of my video cards have already paid themselves off, on top of put BTC in my pocket, and paid for several games on Steam.

I also make good profits buying and selling on exchanges, but most of my buying habits are long term, and 80% have already more than paid off their investment and are growing with the market.   Even if the market tanks, I will feel comfortable selling as they will always be a profit....   Just like my hardware.

So much fun, as a trader from buying and selling cryptocoins, I earn from 200 to 1000 times the value I invested, you as a miner will reach your return of investment in 1 year if you pray the difficult does not increase that much and the price keeps going up hehe, so while the miner earns 1x its invested value, I earn 200 to 1000 times more trading crypto, buying and selling hehe.

Difficulty will keep going flat out INSANE as long as the money is good.

Advice:  Prepare for 1$ per day per gpu and build your farm to a level that works based on that calculation.  Last year growth did not actually really slow down until it got to the 1 dollar a day levels.

That is the reality.

In the time between now and then enjoy the profits, your farm should be just fine in the long run as long as you can turn a profit based on that.

No, it is not being inflated. It keeps correcting itself, like we saw downfall couple of days ago. BTC price is growing do to simple supply/demand. BTC supply is diminishing and there will be limited supply of BTC and that cant be changed. Demand for BTC grows as more and more people start to use it as currency, good example is when Japan adopted it officially and BTC price skyrocketed ( massive increase in demand, no increase in supply ).

Good analogy is oil, when we considered that there is limited supply of it, oil price kept rising, as soon as we found more oil and new ways to get it from places we couldn't before, price fell. But in case of BTC there wont be found new way to supply it. It is truly limited to 21mil.

Keep in mind that BTC gets artificially inflated because currently all other alt-coins need to be converted to BTC to be usable as currency.

It already is. Check trade volumes, most of altcoin is traded to btc. Check prices - btc falls and altcoins falls straight after.

Yes, you are correct, as I said I guess I should have only been looking at actual ETh payout.

Do you think BTC will essentially become the standard that all alt coins are tied to in the long run? I know this analogy is old, but it really does feel like the gold-standard from decades ago.

The biggest problem for Alt coin gpu mining is it is so fucking good that  people are trying to scare newcomers away.

Facts are very simple  the more the merrier I would love to see the alt coin share grow more.

 at the moment the entire coin market is 81.04 billion
and BTC is 37.57 billion   that is a 46.39% share

It was more then 70%  Last year.
Lots of money on the table here.

I would like to see 100 billion by fall

With 60 billion in Alts.

The major pc component builders and pc builders are passing the asic builders in the world of crypto coins

Truly interesting time to be alive .  Ironic that Steve Jobs missed it. I believe that in 5 years crypto market cap will pass Apple's


http://coinmarketcap.com/


735 Currencies / 119 Assets / 3946 Markets
Market Cap: $81044014147 / 24h Vol: $4398457386 / BTC Dominance: 46.4%

CryptoCurrency Market Capitalizations#   


Name   Market Cap   Price   Circulating Supply   Volume (24h)   % Change (24h)   Price Graph (7d)
1   Bitcoin Bitcoin   $37,572,561,445   $2296.15   16,363,287 BTC   $1,696,210,000   2.80%   sparkline
2   Ethereum Ethereum   $21,059,922,790   $228.69   92,091,002 ETH   $1,554,250,000   13.10%   sparkline
3   Ripple Ripple   $8,584,910,333   $0.224446   38,249,335,400 XRP *   $135,183,000   2.82%   sparkline
4   NEM NEM   $1,763,829,000   $0.195981   8,999,999,999 XEM *   $13,929,800   -4.78%   sparkline
5   Ethereum Classic Ethereum Classic   $1,646,975,180   $17.87   92,153,938 ETC   $212,497,000   4.01%   sparkline
6   Litecoin Litecoin   $1,303,583,403   $25.39   51,350,282 LTC   $269,776,000   2.25%   sparkline
7   Dash Dash   $1,003,716,901   $136.95   7,329,290 DASH   $54,902,500   16.04%   sparkline
8   Monero Monero   $608,923,632   $41.84   14,551,885 XMR   $18,803,700   -3.72%   sparkline
9   Stratis Stratis   $552,707,978   $5.62   98,406,149 STRAT *   $48,840,200   23.24%   sparkline
10   Bytecoin Bytecoin   $405,529,156   $0.002216   182,961,716,708 BCN   $4,769,660   -9.17%   sparkline
11   Golem Golem   $361,657,705   $0.438441   824,872,000 GNT *   $13,806,200   3.40%   sparkline
12   Zcash Zcash   $336,418,172   $236.56   1,422,156 ZEC   $34,634,100   4.70%   sparkline
13   Stellar Lumens Stellar Lumens   $316,497,058   $0.032751   9,663,796,245 XLM *   $18,959,300   -5.63%   sparkline
14   Dogecoin Dogecoin   $299,620,213   $0.002734   109,605,655,977 DOGE   $19,977,500   2.01%   sparkline
15   Gnosis Gnosis   $281,861,544   $255.17   1,104,590 GNO *   $3,402,010   6.76%   sparkline
16   Waves Waves   $259,814,000   $2.60   100,000,000 WAVES *   $1,737,200   0.57%   sparkline
17   Augur Augur   $237,785,900   $21.62   11,000,000 REP *   $3,977,810   -3.46%   sparkline
18   Steem Steem   $212,865,667   $0.908589   234,281,581 STEEM   $2,187,980   -4.99%   sparkline
19   Siacoin Siacoin   $199,628,805   $0.007543   26,464,035,389 SC   $21,818,100   -8.58%   sparkline
20   MaidSafeCoin MaidSafeCoin   $175,420,176   $0.387624   452,552,412 MAID *   $1,826,660   7.82%   sparkline
21   BitShares BitShares   $165,974,260   $0.063784   2,602,130,000 BTS *   $7,778,810   0.10%   sparkline
22   GameCredits GameCredits   $163,717,127   $2.60   63,009,324 GAME   $2,072,190   -7.58%   sparkline
23   DigixDAO DigixDAO   $159,158,600   $79.58   2,000,000 DGD *   $1,054,330   4.29%   sparkline
24   DigiByte DigiByte   $141,460,410   $0.017449   8,107,031,908 DGB   $26,855,600   -6.82%   sparkline
25   Lisk Lisk   $129,280,727   $1.20   107,698,040 LSK *   $2,656,380   4.00%   sparkline
26   BitConnect BitConnect   $119,680,779   $18.62   6,428,989 BCC   $1,007,120   8.11%   sparkline
27   SingularDTV SingularDTV   $111,467,400   $0.185779   600,000,000 SNGLS *   $503,753   -1.22%   sparkline
28   Decred Decred   $109,506,936   $21.86   5,009,466 DCR   $1,527,940   5.53%   sparkline
29   Tether Tether   $107,706,727   $1.03   104,993,690 USDT *   $101,932,000   0.61%   sparkline
30   Factom Factom   $106,399,754   $12.16   8,753,219 FCT *   $2,055,620   -4.14%   sparkline
31   Ardor Ardor   $100,757,091   $0.100858   998,999,495 ARDR *   $1,451,880   1.46%   sparkline
32   Round Round   $95,351,300   $0.112178   850,000,000 ROUND *   $353,474   -3.04%   sparkline
33   Iconomi Iconomi   $90,117,210   $1.04   87,000,000 ICN *   $1,068,650   -2.77%   sparkline
34   PIVX PIVX   $84,585,318   $1.58   53,526,203 PIVX *   $2,195,250   -9.02%   sparkline
35   Aragon Aragon   $69,134,230   $2.06   33,605,167 ANT *   $1,693,810   7.11%   sparkline
36   Byteball Byteball   $68,714,398   $363.02   189,284 GBYTE *   $319,888   4.01%   sparkline
37   FirstBlood FirstBlood   $64,452,489   $0.753316   85,558,371 1ST *   $2,020,740   4.45%   sparkline
38   AntShares AntShares   $54,011,000   $1.08   50,000,000 ANS *   $3,131,590   8.82%   sparkline
39   Nxt Nxt   $53,939,905   $0.053994   998,999,983 NXT *   $2,616,720   -4.46%   sparkline
40   SysCoin SysCoin   $52,613,657   $0.100192   525,128,319 SYS   $1,555,660   -2.48%   sparkline
41   Komodo Komodo   $49,205,586   $0.487447   100,945,510 KMD   $147,677   2.76%   sparkline
42   iExec RLC iExec RLC   $44,644,315   $0.571844   78,070,793 RLC *   $597,674   8.07%   sparkline
43   Omni Omni   $40,995,979   $73.34   558,968 OMNI *   $44,305,100   147.87%   sparkline
44   Peercoin Peercoin   $36,703,128   $1.52   24,118,075 PPC   $1,083,650   1.51%   sparkline
45   Lykke Lykke   $33,654,096   $0.244344   137,732,444 LKK *   $258,402   0.73%   sparkline
46   Melon Melon   $33,168,938   $55.34   599,400 MLN *   $491,663   0.82%   sparkline
47   Emercoin Emercoin   $32,272,419   $0.803998   40,139,924 EMC   $773,026   1.67%   sparkline
48   ReddCoin ReddCoin   $30,708,005   $0.001077   28,523,928,210 RDD *   $1,108,760   -11.79%   sparkline
49   Xaurum Xaurum   $30,074,579   $0.264498   113,704,371 XAUR *   $271,082   12.23%   sparkline
50   BitcoinDark BitcoinDark   $28,334,088   $21.98   1,288,862 BTCD   $93,476   -6.11%

No, you are wrong. People entering market is directly proportional the price. If you would overlap difficulty increase chart and price increase chart you would see that difficulty increases more rapidly AFTER price have gone up, therefore, people enter more, when price has goes up, people leave after price has gone down.

So you can not make assumption that price will go down or stay the same and new people will join at same rate. If price stays the same, gradient how fast people join mining will reduce with time as it will get less profitable and will saturate at point where most people will consider it not profitable.

But from looks of it, alt coin mining is satellite of bitcoin mining - you mine altcoins to change to btc, so price of altcoins are tied to btc.

The most bold correct statement so far in this thread

There are more coins in the world then Eth.

Well the price is hard to gauge. But people entering the market is more stable. Yes, the price could goto $1000 next week, but given the price stays constant...

I should have done that in ETH payout. But the math is right, correct? We have a 25% or worse expected loss in terms of payout in two weeks?