costs me about $12 to mine about 0.1-0.12 eth per day
all my miners are still on
Topic: Today I turned off all the miners I manage (Read 787 times)
I sold all my equipment last month. I loved mining, it was a lot of fun and a big boost to crypto. I was glad to be a part of it. But it needs to change. It’s a waste of resource to make and power all these systems. I never felt right about it. I feel so much better now that I’m out.
Rest assured, when the markets tank crypto will soar. I just hope mining has transformed by then.
Rest assured, when the markets tank crypto will soar. I just hope mining has transformed by then.
is there any plans for new profitable asic miners in the Q1 of 2019 ? Does asic mining is dead 
Right now until the bear market comes to an end there will be nothing profitable in the near future.
Whether its GPU, CPU, ASIC or FGPA. Currently many alts are at 80-90% lows from the ATH and its basically very difficult to make any money off anything.
Basically unless you run a casino or an exchange there is little money to be made in crypto at the moment. Even the BTC bears are having a hard time making any money since the market is not going down or going up, it just trades sideways.
Lets hope 2019 will be a better year for all.
is there any plans for new profitable asic miners in the Q1 of 2019 ? Does asic mining is dead
My small home rig I have it on mining X16R algorithm as it is the one giving me the better results compared to any other algorithm with Nvidia cards.
As we do automatic profit switching, we've seen x16r, phi2 and lyra2z mainly over the past weeks, so you're on the right path with x16r. You may try TRex miner, it gave us good results in our software with x16r
I turned off my rig two months ago. They are not profitable at the moment and i also doubt that it will in the future. So my next step is to sell the GPU´s while they retain some value.
mining is still profitable - yet not that sort it was a year ago, but still profit.
anyone having a rig, which already paid for itself and reasonable price for electricity has little reason to turn it off. In our case, we pay ~0.14ct/kwh for our testrigs in our office and those rigs making 130-150% of electricity daily (means we earn 50% more than what we pay for mining electricity). For us it literally pays for the additional electricity (+basic charge) we use in the office environment and still have a little extra for coffee and such stuff.
So - given, the rigs already paid itself - they do earn money. Not enough for a lambo but at least they can cover other costs of your daily life. Using a proper software you don't even move a finger for that, beside exchanging to fiat for paying electricity.
Buying new rigs? Hard to judge. But still a better investment than photovoltaic for example (which needs much longer to hit ROI - but with less risk)
anyone having a rig, which already paid for itself and reasonable price for electricity has little reason to turn it off. In our case, we pay ~0.14ct/kwh for our testrigs in our office and those rigs making 130-150% of electricity daily (means we earn 50% more than what we pay for mining electricity). For us it literally pays for the additional electricity (+basic charge) we use in the office environment and still have a little extra for coffee and such stuff.
So - given, the rigs already paid itself - they do earn money. Not enough for a lambo but at least they can cover other costs of your daily life. Using a proper software you don't even move a finger for that, beside exchanging to fiat for paying electricity.
Buying new rigs? Hard to judge. But still a better investment than photovoltaic for example (which needs much longer to hit ROI - but with less risk)
The rigs have paid back for themselves thankfully but what my colleagues did is that they have left a lot of cryptos untouched and they do not want to sell now and are waiting for a better time. I told them that what they are doing seems just about right so we are waiting together.
My small home rig I have it on mining X16R algorithm as it is the one giving me the better results compared to any other algorithm with Nvidia cards.
mining is still profitable - yet not that sort it was a year ago, but still profit.
anyone having a rig, which already paid for itself and reasonable price for electricity has little reason to turn it off. In our case, we pay ~0.14ct/kwh for our testrigs in our office and those rigs making 130-150% of electricity daily (means we earn 50% more than what we pay for mining electricity). For us it literally pays for the additional electricity (+basic charge) we use in the office environment and still have a little extra for coffee and such stuff.
So - given, the rigs already paid itself - they do earn money. Not enough for a lambo but at least they can cover other costs of your daily life. Using a proper software you don't even move a finger for that, beside exchanging to fiat for paying electricity.
Buying new rigs? Hard to judge. But still a better investment than photovoltaic for example (which needs much longer to hit ROI - but with less risk)
anyone having a rig, which already paid for itself and reasonable price for electricity has little reason to turn it off. In our case, we pay ~0.14ct/kwh for our testrigs in our office and those rigs making 130-150% of electricity daily (means we earn 50% more than what we pay for mining electricity). For us it literally pays for the additional electricity (+basic charge) we use in the office environment and still have a little extra for coffee and such stuff.
So - given, the rigs already paid itself - they do earn money. Not enough for a lambo but at least they can cover other costs of your daily life. Using a proper software you don't even move a finger for that, beside exchanging to fiat for paying electricity.
Buying new rigs? Hard to judge. But still a better investment than photovoltaic for example (which needs much longer to hit ROI - but with less risk)
i turned them off like 3 months ago. I thank god everyday that i did that.
I also turned mine off 3 months ago. Now having it cleaned and rebuilt for a brighter Q1 2019.
So mining is no more profitable anymore ? i mean if mining is not profitable then how is this field gonna survive. Mining keeps track of the ledger system of the cryptos i-e the blockchain, but if everyone does that, then what will happen ?
I manage a few miners for some of my colleagues and they all told me and insisted that their miners to be turned off. Here where we are electricity is on the high side being roughly 0.11 cent/kwatt for businesses and a bit higher for personal use. We were barely getting to be even with Rx 570 and Rx 580 series so all 20 mining rigs are turned off for the moment.
What are you guys doing with yours ?
I already stopped mining when it didnt already generate me some profits. Difficulty + Electricity cost then these are the factors that will really be in concern.What are you guys doing with yours ?
You wont really have any choice but to stop mine but if you can able to sustain or willing to pay up expenses of the energy used to mine out a specific coin then it would be still your choice.
I have already sold out some GPU's to some gamer friends atleast i can break even with the capital.
I'm doing the same, mining on all rigs. Market will rise someday and I don't want to be out of this.
Now mining does not bring the profits that can be compared with the wins of the previous years. The awards have become smaller. However, I believe that in future it will be again a very profitable business.
Still mining as well but seriously contemplating turning most of it off. I have a variety but I only have 7 GPUs and they have been mining at a loss for a few months now. I want to have something to sit on in case there is a turn around in the markets but I'm very close to calling it on the GPUs. My S9's are also really marginal these days. They still make a decent amount per day but they have to be really close to dropping below the breakeven point right now in terms of cost to run. So I am contemplating turning those off as well. Have a few other asic miners that are still worth running for the time being but none of those have broken even for the purchase price yet either.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
Yeah new m10 gear is about 2k once you add the trump tax to it.
So it does not pay to buy them.
I am still not sure if I will get a back bill for 500 usd on the one m10 I got either I beat the deadline by a day or I lost by a day. So far no bill for it.
Right now my 1920x threadripper is doing well on xmr v8. See how long that lasts.
Wait, isn't XMR v8 the one that started yesterday?
EDIT: Ha! Nevermind. I was thinking that threadripper was an asic for a second there. I had forgotten about the CPU.
Cryptonight V8 is a finicky beast if you can handle the extra power requirements for a GPU it can give you similar hashrates to the older V7 but you have to configure your intensity right or the card might crash the driver without additional power limit (on Polaris cards.)
Edit: What I meant to add was that a threadripper CPU has so much L3 cache that it can actually provide hashrates similar to a Vega64 card. Im not sure what the TDP on those CPU's are but its looking like CPU's might be the new power efficient way to mine crypto.
I manage a few miners for some of my colleagues and they all told me and insisted that their miners to be turned off. Here where we are electricity is on the high side being roughly 0.11 cent/kwatt for businesses and a bit higher for personal use. We were barely getting to be even with Rx 570 and Rx 580 series so all 20 mining rigs are turned off for the moment.
What are you guys doing with yours ?
What are you guys doing with yours ?
I've shut off my miners over the years and waited. I wound up selling my original batch of Butterfly Labs ASIC's when the difficulty got too high and I wasn't making as much. I have 10 GPU's that are sitting idle now though, waiting for the market to bounce back up.
Still mining as well but seriously contemplating turning most of it off. I have a variety but I only have 7 GPUs and they have been mining at a loss for a few months now. I want to have something to sit on in case there is a turn around in the markets but I'm very close to calling it on the GPUs. My S9's are also really marginal these days. They still make a decent amount per day but they have to be really close to dropping below the breakeven point right now in terms of cost to run. So I am contemplating turning those off as well. Have a few other asic miners that are still worth running for the time being but none of those have broken even for the purchase price yet either.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
Yeah new m10 gear is about 2k once you add the trump tax to it.
So it does not pay to buy them.
I am still not sure if I will get a back bill for 500 usd on the one m10 I got either I beat the deadline by a day or I lost by a day. So far no bill for it.
Right now my 1920x threadripper is doing well on xmr v8. See how long that lasts.
wanna take my 11.85th S9 (working fine, not running it for 3 mo or so) for $215 (in btc), shipped?
Still mining as well but seriously contemplating turning most of it off. I have a variety but I only have 7 GPUs and they have been mining at a loss for a few months now. I want to have something to sit on in case there is a turn around in the markets but I'm very close to calling it on the GPUs. My S9's are also really marginal these days. They still make a decent amount per day but they have to be really close to dropping below the breakeven point right now in terms of cost to run. So I am contemplating turning those off as well. Have a few other asic miners that are still worth running for the time being but none of those have broken even for the purchase price yet either.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
Yeah new m10 gear is about 2k once you add the trump tax to it.
So it does not pay to buy them.
I am still not sure if I will get a back bill for 500 usd on the one m10 I got either I beat the deadline by a day or I lost by a day. So far no bill for it.
Right now my 1920x threadripper is doing well on xmr v8. See how long that lasts.
Wait, isn't XMR v8 the one that started yesterday?
EDIT: Ha! Nevermind. I was thinking that threadripper was an asic for a second there. I had forgotten about the CPU.
My exit strategy is to buy some cheap i5 4th gen or older enterprise PC's and put in a power supply and my used graphics cards and price them to break even + value of the card. I suspect its easier to sell a "gaming pc" than it is to sell a "graphics card". Everything began in early December 2017 with the full intent of these cards popping or frying from natural causes (aka no overclocking no bios mod). However Ive gamed on the R9 270X for 5 years then now Ive mined with it for almost a year straight, and the only symptom is one fan had some noise, I replaced it with an older but more reliable fan from another card that already had 1 blown fan and I had removed from the rig to sell "as is" for $20-$30. The older card (HD 6950) just couldn't justify its operation with a profit of $0.01 per day after electricity. So I purchased a cheap used HD 7850 with full knowledge that its hashrates arent much higher than the 6950 but its power usage is much less.
Overall I had some moments of shutting the rigs down, in the June dip for example, but I managed to find a coin to switch to every time that gave more profits and kept them in the game to this day. This setback is temporary.
Overall I had some moments of shutting the rigs down, in the June dip for example, but I managed to find a coin to switch to every time that gave more profits and kept them in the game to this day. This setback is temporary.
Still mining as well but seriously contemplating turning most of it off. I have a variety but I only have 7 GPUs and they have been mining at a loss for a few months now. I want to have something to sit on in case there is a turn around in the markets but I'm very close to calling it on the GPUs. My S9's are also really marginal these days. They still make a decent amount per day but they have to be really close to dropping below the breakeven point right now in terms of cost to run. So I am contemplating turning those off as well. Have a few other asic miners that are still worth running for the time being but none of those have broken even for the purchase price yet either.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
But on the other hand I have been mining for a number of years and my obsolete pile of gear has BFL, asicminer, gridseed, innosilicon, and bitmain stuff in it. So turning stuff off and piling it in the corner isn't an entirely new concept to me. Not replacing it with the latest and greatest kind of is new though, and right now I have zero plans to buy anything out there.
Yeah new m10 gear is about 2k once you add the trump tax to it.
So it does not pay to buy them.
I am still not sure if I will get a back bill for 500 usd on the one m10 I got either I beat the deadline by a day or I lost by a day. So far no bill for it.
Right now my 1920x threadripper is doing well on xmr v8. See how long that lasts.
I have just a small hobby rig made up of my old gaming cards and my gaming PC and Im still managing to pull close to $1/day with just a 7850, R9 270X and an RX 580. the flip side I only pay $0.06USD/kWh on electricity. In the end I still make over $0.60 profit per day. On such low end cards with power requirements that dont match their hashrate, I can still manage to pull a profit.
still mining with 0.14ct/kwh (but all nvidia) - have a look at our testrig (link), it's still profitable after electricity. (the rig is paid off, so we don't care if it's just 30-60 usd/mon - because it's 30-60 usd/month for doing absolutely nothing for it - all is automated)
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