Topic: Will mining profitability keep going down, or will it stop - or increase? - page 3. (Read 4652 times)
July 03, 2017, 06:26:34 PM
Just let the sceptics sell their cards. Others just keep mining, keep looking for new coins. From time to time, new ones will pop up, just like ETH, ZEC and others. If there is even 1$ profit, ITS STILL PROFIT, and you can always hold your coins, and wait for a price pump.
July 03, 2017, 06:01:15 PM
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
Price goes up, profitability goes up - 'till the hashrate catches up to the price rise.
It wasn't just Bitcoin price that went up though, almost ALL altcoins saw a massive surge starting about 3 months back - Bitcoin had seen a much longer surge from it's recent lows around year-and-a-half ago, THAT surge was largely fueled by Chinese investors getting allowed to spend Yuan on Bitcoin after a "temporary ban" got lifted by the Chinese Central Bank/Government.
Profitability now is dropping, as coin prices have generally gone flat-to-dropped some from the peak a couple weeks or so back but profitability is still high enough that folks are still expanding existing farms and starting up new ones.
Profitability is ALWAYS a question mark - there is no way to know FOR SURE what pricing will do, and as pricing is one of the 3 primary factors that determine profitability there is no way to know where profitability is going to go for sure.
I wouldn't wait on Vega - it's doubtful it will be particularly profitable at it's "introductory" pricing.
If anyone could predict the future the way you WANT us to be able to do, we'd be making TONS on predictions for big companies.....
July 03, 2017, 12:13:07 AM
Being miner you might be knowing that mining all depends on hash rate and network difficulty. It is well known that difficulty is increasing with time because more miners are coming into the effect. This has led to very concentrated stage of bitcoin mining where everyone is trying to scratch out the gold from same mine. So as you can imagine the after effect everyone is getting little bits of that gold and ending up with loss. Or we can say that they are taking time to get back investment. It may recover soon if there is something can be done with difficulty.
July 02, 2017, 09:20:49 AM
Hi, I couldn't find anything about it on the internet so i decided to start this.
I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
You should really expect that since you are engaging to mine coins with the use of GPU you should know about the concepts and terms related to it and as just normal we do know that as the time goes by mining difficulty does increase since you are not only the one who do mine but there are lots who are doing the same thing as yours.Just take a look on bitcoins difficulty its just like that, mining difficulty does increase and lucky for you that it only drops 0.8 mbtc and not gaining much lower since price of bitcoins rose up too its still a good amount though. I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
July 02, 2017, 09:19:48 AM
Hi, I couldn't find anything about it on the internet so i decided to start this.
I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
First start here. https://bitcointalksearch.org/topic/bitcoin-mining-101-just-the-basic-facts-2017-1944976
Second read this. https://bitcointalksearch.org/topic/no-posts-about-gpus-altcoins-or-cloud-mining-here-use-the-correct-sub-forums-401897
No wonder you couldn't find anything on the internet apparently you didn't even look.
July 02, 2017, 08:58:48 AM
Being miner you might be knowing that mining all depends on hash rate and network difficulty. It is well known that difficulty is increasing with time because more miners are coming into the effect. This has led to very concentrated stage of bitcoin mining where everyone is trying to scratch out the gold from same mine. So as you can imagine the after effect everyone is getting little bits of that gold and ending up with loss. Or we can say that they are taking time to get back investment. It may recover soon if there is something can be done with difficulty.
July 02, 2017, 05:59:10 AM
Diff will ALWAYS increase,the big mining farms keep adding hashrate to increase THEIR profits......
Your profit can theoretically stay the same if price increases enough to offset the diff increases,but you will earn less & less coin,and it is highly unlikely price will will do just that.....
Don't bother mining Bitcoin with GPUs,mine altcoins instead & convert them into BTC if you want to or just sell em
Vega will not be worth the cost...at first...looks like a REALLY high end GPU for mainly rendering & stuff,mining & games not so much,only speculation though until we actually get to see one mining or gaming.....
Not sure if AMD is ever going to have cheap 470/480 or 570/580,looks like any that come for sale are gouging the shit out of em,so go Nvidia or wait to see what AMD is going to do next month...
Your profit can theoretically stay the same if price increases enough to offset the diff increases,but you will earn less & less coin,and it is highly unlikely price will will do just that.....
Don't bother mining Bitcoin with GPUs,mine altcoins instead & convert them into BTC if you want to or just sell em
Vega will not be worth the cost...at first...looks like a REALLY high end GPU for mainly rendering & stuff,mining & games not so much,only speculation though until we actually get to see one mining or gaming.....
Not sure if AMD is ever going to have cheap 470/480 or 570/580,looks like any that come for sale are gouging the shit out of em,so go Nvidia or wait to see what AMD is going to do next month...
July 02, 2017, 01:51:50 AM
Hi, I couldn't find anything about it on the internet so i decided to start this.
I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
I've been mining on a GTX 1060 for the last 5 months, when the when the profitability was at 1 mBTC/d (Using Nicehash), and BTC price was ~800$. After the price started rising my profit increased to about 1.9 mBTC. But now it's is at 0.8 mBTC.
I'm still kind of noob, so here are my questions:
What was the reason there was an increase in the profit when bitcoin price rose?
What is happening to the profit now?
Is there hopes of the profit rising again? Or at least stay at this and don't decline more?
I was planing to get seriously into it and buy a couple of gpus. should I go for RX 470 (provided i can find any) or GTX 1070, or should i wait for Vega?
Thanks.
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