Topic: Will mining profitability keep going down, or will it stop - or increase? - page 2. (Read 4673 times)

Yes many people are entering into the mining field, and all people know now the Bitcoin mining is very tough so the next choice is eth or zcash or monero. Some people are started to do dual mining. So how the competition is increase like that the profitability also decrease. Now how bitcoin miners shifted to ETH like that next year, some other new currency will come we have to shift that currency.

Patience friend. Now is not a time to rush into things. If you have a mining operation going already, then be happy about it because you did not pay for overpriced hardware ;-). You might be suffering from the difficulty and the shortage/price of hardware to expand, but right now feels a bit like one of those periods when people get crazy, dump all their cash into something and end up losing it all.

Like you said yourself, I think many of the new miners do not care too much about the underlying technologies of the crypto coins. They just see this as a fast way to make extra cash and I betcha that come the end of ETH mining, you'll see dozens of posts about "Can't mine ETH anymore, what other coin can I mine?".  They are just like 90% the end users that are too dumb to think and do their own research and expect you to do it for them.

The truth is that cryptos will change our lives in the near future and many people seem to be completely oblivious to this fact.

I am making looking at whattomine 24USD gross per day, as I said this is not far off what I was getting back in November.

During the same time I was earning far more crypto as the difficulty was much much lower.


I was looking to expand with a new rig to the tune of 5 x 1080ti but now I am hesitant. If people do start dumping GPUs in 1 or 2 months time I will be burned by the price difference so I am thinking to wait.

I first mined years ago. I mined BTC with GPU's in 2012 and then followed onto scrypt coins I dropped out when the profitability diminished and subsequently missed out on an excellent opportunity.

There are, however, plenty of people who, just like I was, will be stupid enough to be FUDed out of crypto.

One year ago I was obtained 0.5 eth daily for one rig. Now the daily revenue is much less but the profitability is much higher. I think that after 1 year the profitability will be lower, like bitcoin case because many miners are coming daily.

15% could mean millions of usd, manufactures can't just throw the offer away.

THE biggest, not one of. Whales bought everything they could. Two separate manufacturers and an AMD rep told me that people showed up at their China offices with millions of dollars in cash, and were sent away with no GPU purchase. The trader types have gone bananas for this stuff because they're gamblers and they see people getting rich quick. Everyone wants to be the guy who sold the 10,000 BTC pizza.

Outside of China, the biggest customer for cards right now is Genesis. Manufacturers rolled over when they offered a 15% premium. Many thanks to all their suckers loyal customers!

game over trolls,from here on only bloodshed cause whales know noobs got many loans to buy hardware and now whales are just sitting and buying coins from noobs cause noobs need to pay their loans. So much fun and the interesting thing is noobs roi was 8 months now will become 80 years, they will be dead before they get their investment back. Do not worry noobs, i will help you out to pay your loans, i will buy all your coins for 5 times less hehe

I'm not missing this at all mate. We've had one of the biggest booms in cryptos in a while over the past few months. I'm making more than 10x the profits I was making last year at the same time, hence I don't get the "rapid decline" the other poster was talking about. Agreed I'm making less than a month ago because most alts are traversing some uncertainty, but the profit I still make today make me very happy.

You can't really blame every last person to jump on this. A lot will regret it though, imho. I still think profitable PoW lies ahead for those who plan things carefully.

You're missing the fact that difficulty is skyrocketing because everyone, their mothers, their grandmothers, and their dogs and cats are jumping into the gold rush.  Take a look at any of the profitable coins' hashrate and difficulty charts for the last couple of months.  They go from a gentle upward slope into an abrupt near vertical climb.  So as more people/hashrate come into play, everyone's respective piece of the pie shrinks unless coin prices keep rising at an equal or greater rate.

Sorry mate but your arguments make no sense to me.

First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

As for all the "salty noobs", man, what would you do if you were one of them? You'd want to jump on the train while you still could. That said, it's their own fault if they crash and burn because they bought RX cards for 500$ a piece...

And let's be honest, most miners are doing this for the profit, not the underlying technology. And let's not forget that without the hungry mad noob mean profit-taking miners, most if not all of these coins would sure AF NOT be where they are now, and that includes bitcoin.

Mining with Nicehash is lazy AF. You just press go and it's mining the most profitable coin but you only get paid in BTC.
Where REAL profit lies is researching the coin you can easily mine, mine the shit out of it even if it's much less profitable than for example ETH, Zcash and Nicehash and HOLD. When the coin surges in price it will outproft Nicehash by miles.
Everyone jumped on the mining craze when ETH surged in price to like $350-$400 (I'm guilty of this, always late to the party), but imagine if you started mining ETH 10 months ago and just HELD. You'd be dirty rich now.
Nicehash is easy, it's steady income and you know what you're earning, but it's only good if you are lazy.

Uh,Bitcoin is mainly mined by large Corp owned farms where electricity is 2 cents or less per kwh..........so no the "noobs" aren't driving anything  

Now alts are getting mined by large farms too but not as big BTC,and we the home miners can still buy vid cards to keep up (well,most are sold out ATM,but my point stands).

At least the exchanges are much more robust than back in my day,2011-2013.Where they were hacked almost monthly & would crash the coins repeatedly & take em down to nothing............

BTW,no cryptocoin is going to accepted by general population,why??

1. No refunds.....you get scammed you lose your coins.Send to the wrong or incorrect address.....you lose your coins.

2. Wallets on your PC can get hacked by virus's very easily.Most folks have no idea how to deal with virus's & most virus software dosen't like cryptocoin wallets so they get flagged as a virus.Wallets online can get hacked even more easily.....you lose your coins in both cases.

3. It's a pain & costly to transfer money from your bank to an exchange,& then more charges when you spend your coins. And if anything goes wrong during any of those processes??? You lose your coins.

So,as cool as this cryptocoin thing is,only us PC smart guys will embrace it & be ok with losing our coins sometimes  

Difficulty will always be rising, but your chance might be in the fact Bitcoin price, or the price of the altcoin you are mining, and you might not lose too much of profitability in term of dollars.

From what i've seen mining is going up and down on a "regular" bases, sometime you make good money and sometimes not. I wouldn't invest more than I can aford.
On the other hand when mining profitability is low, it's the good moment to accumulate coins to sell them later. If you don't believe in cryptos future there's no point mining...

nobody talk people invested into rx 400/500 with bug of eth hashdrop, people build mining farm with this gpu, amd release mining version based on this cards with this bug 

There is risk when someone stakes more than they can afford, profitability drops so far that electric costs are not covered at 0.1USD/kwh and then people start dumping graphics cards and coins.

Plenty of people will have staked more than they can afford to lose.

Plenty of people have invested 10000USD+ in rigs who with little research and knowledge just jumped in on the hype.

Real world adoption and innovation adds more to the ecosystem not 100000's of people mining or speculatively trading.

I, just as everyone, have no idea what will happen but to say there is no risk at today's prices is madness.

what a load of bollocks, weak hands in mining, lol, there is no risk, supply and demand controls this. 'salty' noobs are driving the whole eco system, it has been sitting pretty for a while since before march. The noobs are the driving force not the handbaggers. mining at least adds more to the system than trading for profit.

profit will decline for sure, next couple month will see used gpu on market flooding in every country

Mining profitability for me is declining rapidly.

I'm almost making the same fiat value as back in November but much much less coins.  

This is troubling for me and I'm at 300%+ ROI so there must be thousands of salty noobs out there who just invested thousands at these inflated hardware prices now wondering if they will ever hit ROI.

Everyone is different, however, I believe most of the new comers to crypto are here for ROIZ and mad profits only and don't really care about the emergence of this industry of financial freedom.

This bunch of money hungry profit driven ill-informed noobs pouring money into the ecosystem and cashing out both coins and hardware with weak hands is a real risk for the entire ecosystem IMO

I hope history isn't going to repeat itself here

Everything will be going to hell and you trolls will soon not even have the money to pay for the electricity hehe