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Topic: Today I turned off all the miners I manage - page 2. (Read 794 times)

legendary
Activity: 1726
Merit: 1018
October 19, 2018, 05:16:56 PM
#11
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.
sr. member
Activity: 782
Merit: 258
Betking.io - Best Bitcoin Casino
October 19, 2018, 04:51:23 PM
#10
I'm doing the same, mining on all rigs. Market will rise someday and I don't want to be out of this. 
member
Activity: 239
Merit: 11
October 19, 2018, 04:02:22 PM
#9
All rigs running at full speed. In total its not that many Cards, only 11. Power cost is low and I didnt pay any fiat for them so I am mining highly and semihighly speculative coins (RESS, xsg, zel and a ton other). Hopefully one or two coins will fly within 1-5 years.
member
Activity: 449
Merit: 24
October 19, 2018, 03:53:58 PM
#8
I keep mining my electricity is $.049.  I replaced my AMD rigs with ASICs because I ran out of electricity, keep blowing the main breaker and the AMD cards were making the least after electrical cost.  10 series cards are ok mining 16r but not great. 

What I'd really like to do is run another line to my garage and keep everything running, I could run my rigs and ASICS for a long time and still be profitable at 4.9 cents a kilowatt hour.
newbie
Activity: 13
Merit: 0
October 19, 2018, 03:19:41 PM
#7
I have turned off my ASICs in the US but the ones in Mexico are still running. I keep mining Siacoin until the fork , lying to myself that the price will spike haha
full member
Activity: 846
Merit: 115
October 18, 2018, 04:41:36 PM
#6
Would be wise to make sure your rigs can last in next bull run. It's a marathon not a Sprint. If your mining and your equipment gives out from over use your gonna wish your hardware was still working. I'd run the rigs lightly or have it on standby till profitablity returns. 20 series not that great so keeping your 10 series is wise. 30 percent better efficiency than rx570
full member
Activity: 588
Merit: 103
October 18, 2018, 03:49:41 PM
#5
My rig is still on. I make a few bucks per month but I'm still lying to myself that the price will go at least x10 in the future Grin
member
Activity: 924
Merit: 15
October 18, 2018, 03:47:50 PM
#4
i turned them off like 3 months ago. I thank god everyday that i did that.
legendary
Activity: 1624
Merit: 1129
Bitcoin FTW!
October 18, 2018, 01:34:37 PM
#3
I'm continuing to mine as my electrical rates hover at around $0.07/kWh, but I've also started shutting down less profitable miners and scrapping them for parts to sell while parts are still worth a bit of money. I don't operate any SHA256 asics anymore, as they're all just barely profitable and I've also sold them off while they've still got value. I just have a few rigs with newer 5XX, 4XX and 1060 GPUs now.
jr. member
Activity: 52
Merit: 1
October 18, 2018, 01:34:10 PM
#2
My rigs are still running.  But if its costing more to mine in electricity than you are getting in coins I understand shutting them off for a while.
legendary
Activity: 3136
Merit: 1233
October 18, 2018, 01:07:44 PM
#1
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 ?
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