Bitcoin Forum

Hey Guys, looks like mining profitability is going down fast.  Anyone else think so too?

The ethash difficulty has gone up crazy in January.  At this rate, it will be very unprofitable towards mid-year.

Also, once ETH switches to POS, it looks like all that hash power will be spread out to all the other alt coins, and it should essentially make mining unprofitable or very small profits.

Thoughts?

There are a few topics on that one. It is where it should be.
The Dec and Jan hyper prices were not real. Cause was the bitcoin manipulations.

Mining is already dead to the people who are paying for a gpu any price above msrp, for the others mining still surviving but not sure if it survives this  year. The thread I created is an example of how my sentiment is concerning mining and it has never been this bad. Right now eth gives only $1.20 per card and if the difficulty keeps rising then soon will be $0.50 and then 0.

1 free advice there is a world outside of eth...im still doing ~3.5-4$ day / rx 580

Whoever is going to start mining at the moment, their thinking the prices GPU very expensive and the which popular coins to mining increases difficulty. this is clearly their consideration when they calculate earnings per card. the price of the GPU they bought didn't match the income they would get. GPU prices are rising and their revenues are few.

and..for old miners have the problem when adding new GPUs because their know priced the GPU before.for the old miners, this's situation still profit or slightly less profit because their mining using the GPUs 1 year ago.

whatcha mining?

That's always the real question;  cause the second a horde jumps on the smae algo/coins you are mining;  bam... hit in profits lost....   Kinda sad, but true.

Best advice:  Try many algos, see what ones have coins that pay well and which algo is the most efficient when it comes to that notion.

Last year around August/September;  it was Skien for my GTX 10 series cards... right now, its different.....  But definitely not an algo that the masses are mining.   I am still pulling over $300/mo with the equivalent of 2x 1070 in hashrate on one account.

On new dagger coin despite the fact that it is not on the stock exchange, and the trade is conducted inside the community you can make 30$/day.

yep  there are smaller coins here and there.

and zec  still pays  decent for a 1080ti

https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

0.0045 btc for 9 1080ti  or 0.0005btc  for 1 1080ti pulling 5 kwatts a day  my winter power = 10 cents so 50cents a day  and 0.0005 btc =   4.30 - .50 = 3.80  profit for each card

Since the card is paid for I can mine and hold.

what is your mining rig?

Which coin?

your question is heavily dependant on crypto prices

if you had asked this q with BTC @ $20.000 the responses would of been very different

my current income is 35% of what it was at the highs, does that deter me? NO.
i know market fluctutions only too well not to be dismayed and have full faith in 99.9% of cryptos setting aside ripple(BoE) and bitcoin (bitmain/CME) which are now completely controled by the central banking tapeworms

you do however have a point with the ETH POS switch, well noted but still global hashing power is nowhere near saturation

https://preview.ibb.co/kf4c6H/Nice_Hash_ETH.jpg (https://ibb.co/chfvtx)

Even on NiceHash it's still $1.88 each for stock RX480 4GB cards... no BIOS mods... mild OC.

I don't normally mine Dagger Algo or even on NiceHash but just checked to verify earnings.

Would I buy a NEW card at the CURRENT prices for that ? Heck no... but us folks with cards already it's FAR from dead.

It still looks pretty profiltable when you look at whattomine:

https://whattomine.com/coins

Have not done the calculation for my cards, yet. Will start it now.

You have to think as well that although the difficulty increased, the price increased a lot compared to 4 months ago.

Over the top fair weather FUD and panic personified when a dip or market correction presents itself.  If Bitcoin went to 20k tomorrow, the subject would do a 180 and change to- Mining looks like it's thriving and here to stay to me..

Miners just need to resist buying GPUs at these outrageous prices. Things will calm back down once those that aren't as dedicated fade away.

I just did my maths, I'm at 2,43$ a card (RX580). Not what it has been, but still profit to be made.

and like said there are still other coins to be mined.

Every mining profit and ROI around a year is great.
It's just that the new miners are spoiled and live in a dream to ROI in a month...

I have a few rigs all with 36 months guarantee and don't care at all about the daily income as long as its profit..
Go invest in any business, ROI in a year and you'll be a hero in the eyes of any serious business man.

all these noobs. what other investment gets you ROI within a year even at these crazy prices? none. my blue chip dividends and indexes dont hold a candle.

https://www.nicehash.com/miner/34RV1eTFYKFcx5AqF5rJTPB7KCbv4hdYk7

this acct alone making me good amount of btc. ill hodl til the top. all 1080tis bought at msrp w/6.5% tax IN JANUARY. all these tweens going out and spending moms $1000 on a 1080ti. lol the nvidia site is selling the titan xp for 1100. to all the gamers, get a life, goto college, make a contribution to society, instead of sitting on your sofa playing with yourself.

Very strange i stop checking crypto out home and btc down.

im so afraid to invest in mining rig  coz the price keep drop eth drop 100$ in the last 24 houres

The price is stable now. But it is still not very profitable.

All GPU algorithms are going down in profitability, especially after Christmas, it has gone downhill unfortunately. I can't mine on Ethash due to my GPUs being under 3Gb of ram so I can't judge about that, but Equihash is barely profitable for me. If this situation continues, it will definitely be unprofitable within the next few months.

Yes, you are right, it is not the best time to enter the market now, a lot of rigs are very close to the wallets level, while prices for cards still is pretty high.
If i were you, I'd wait

That is a curious response considering the price is another $300 lower than when he originally posted that. Plus, it looks like the price is going down further, @ $485 as I type this so I do not think it is that stable either.

Yes, profitability in mining is currently down and will probably head even lower in the short term. If you already have gear you are still making a little money, but forget about investing in new equipment as the payback period is now going to be measured in years, and not weeks or months anymore.

Now a lot of people are leaving ETH mining. The complexity has slightly decreased but due to the fall in the price of coins profit continues to decline. It seems to me that miners from Europe will now begin to disconnect their equipment. They already have zero income. Now mining will completely move to China and it is bad. But in all coins the mechanism of self-regulation is put. He will not allow the coin to die.

Since most of the people leaving the mining ethereum we may find the difficulty reduced for ETH right. Use all the cards for mining ethereum. If you wait and watch for 6 months from now with all the mined coins you may find the big profit with that bro.
Please do not worry when the marketplace value of any coin dumped down. If you find the dump, as you said many people will leave from mining that coins. So you guys can utilize the situation.