Bitcoin Forum

Some small and medium-sized miners located in Xinjiang and Mongolia in China have reportedly sold their mining equipment in the second hand market to end this. Ironically, mining rig prices are only worth one-twentieth of the same time a year ago, Mining machines are sold in the second hand market with prices ranging from 100 yuan to 1,600 yuan (around $ 15- $ 200). When I'm going to work this makes me hesitant about being involved in mining.

Sumber: https://rumahcoinnews.com

The answer depends on where the mining operations are taking place. For the majority of the locations, it is not profitable anymore considering BTC has tanked a lot in the past couple of months. Also, considering that China sees this issue means large implications on the overall mining operations across the world.

What will happen is a lot of miners will turn their rigs off. Only the miners who can operate at a loss will stay open. Once enough miners turn the rigs off the price to mine will become profitable again.

i think if you use gpu it have little profit more than ASIC in this market.

but when BTC lower than 3500 i think no one have profit

Seems with most coins your mining at a loss now and hoping for a recovery in the future.
only projects worth mining now are small projects you expect to balloon in the future otherwise your better of just buying BTC with cash

The nonsense of mining at a loss !!


If you mine at a loss a coin you think it could rise, you should BUY that coin instead of mine it.
Its that simple.

Mining profit still depends on your energy price.

3500 usd/btc is break even for most gpus paying 0.1 usd/kwh

depends the coin I am interested in Tera smart money I bought up all I could but but there is just not enough people selling you get more coins by buying hardware and mining it.

Seriously?
I think that's just a cop out, you're just trying to justify the existence of your mining rigs! I am yet to see a crypto coin (ESPECIALLY in this bear market) that has more bids than offers!

:D

There are some who mine primarily to produce heating for their homes, which can nullify electrical costs as heating bills are lowered as a result of mining heating the home, but it is true that for most people, mining at a loss makes no sense and you're better off buying coins or just not further interacting with cryptocurrency if you're not willing to deal with the bear market we're facing right now.

You should be hesitant about starting to mine right now. Many miners are being released with the hope that mining will become more profitable in the future, which is not something you can count on and is essentially gambling. If mining isn't profitable for you right now, don't count on it being profitable in the future.

It's fine with me if everyone stops mining and buys coins on the exchanges instead.  Perfectly fine with me :)

I think mining is still profitable now, but I prefer investing in altcoins than I have to mine, because now is the right time I can make a profit by waiting for higher price increases. see the altcoin price on the market now still low.

No mining is not profitable at all right now. Even if you got really low or free electricity rates. Many have shut down their rigs.

Look at the ETH global hashrate,
https://etherscan.io/chart/hashrate

Keep in mind there are ASICs which replaced many of the GPUs which shut-off, so in theory the hash rate should be even lower than it is right now.

i think he mean other altcoins with not famous yet.

mine it and keep until next month when price increases.

the last bitcoin dump killed it completely, see you in the next pump...

Same here in my country, there are many miners start selling their rigs just to cut their losses.

For now, the only way to make mining profit is to mine newborn coins and hold it for a long time at least 2 to 3 months if the price increases then you are lucky you can sell all your hold coins with a higher price and make a profit. This is what other miners do until now.

For ASIC miners out there I don't know if they are still making profit mining bitcoin but there are still ASIC miner that can make a profit.
According to https://www.asicminervalue.com/ there are still many ASIC that can make a good profit. Better to check the asicminervalue to find out.

Now that the price of bitcoin is less than 4000 dollars I think anyone can find a cheap rig to buy if anyone want to just test the waters but right now profit is in a distant land for mining. I cannot understand this fall in price though, I know it comes from Ati and Nvidia not selling cards at the rythm they did when mining was in a boom but it doesn't justify this fall in price.

I see it differently.
Mining is not profitable if you look at it right now but If you look at it from the other point of view it's profitable.
Difficulty on most coin's going down (Bitcoin, litecoin, ethereum ~-10%). When price is going to jump back up you earn good enough to pay your electricity and other expenses.
It is just not profitable to sell your earned coin's at this moment.
If you can't afford to pay your electricity at current rate's you should pause your mining operation but anyone with not big farm can continue like before.

Yeah but if your loss is very small, you have a big house and have made a heat system with miners while keeping their noisy low, then it worths to mine because in winter you'll save some money.
Well, yeah buy coins, currently is great situation for this.
Mining is profitable if you mine altcoins...
Bitcoin mining isn't profitable but big miners still stand on their feet, people who can't handle current situation, quit from market as you see, we have to avoid this because it makes big miners like bitmain and bitfury stronger.

With the exception of ASICs which are already in hand for very specific cases, mining is not profitable.

For everybody who has free electricity consider this. If you have a 1080Ti mining full bore you might earn $100 to $150 over the course of the next 12 months (assuming current prices - haha, we're in a massive bear market right now, good luck with that). If you sell your 1080Ti in 12 months it will have most definitely lost at least $150 in value.

The only way it would ever be worth it to mine is if the coin shoots up 10x in price - in which case it would have made sense to buy it with fiat  with proceeds from the sale of the card at optimal prices (best would have been to sell last December and buy coins now).

Mining only makes sense stupid moon rockets have overpriced the market relative to current difficulty.

Look at the eth hashrate - took it long enough to start correcting - need to drop another 50% for mining to make sense (or cents) - lots of gamers going SLI and crossfire for cheap this holiday season lol. RTX pshaw...

Yes, I think this is enough to give input to me before I start mining, because there are many people out there who are closed because of losses, so they sell a lot of mining equipment to cover the losses.

profit? i do not want profit... i want coins! coins! you get it? gimme more COINS!..keep em coming haha  ;D


profit will have its day  ;)

I've probably made more money flipping gpus than I ever have mining. Both have been good to me, though.

You can still make some easy profit when you live in an area where electricity is cheap or even free. The profits are not as high as they used to be but mining is still a nice way to get some extra income. Also, when you live in a place where it really gets cold during autumn and winter time, the extra heat from ASICs and GPU rigs is welcome as well. :)

I sold my GPUs in the beginning of April, profits shrunk to the level where I considered the extra heat and noise to be not worth it.

I have pretty much turned my gpu mining rig off.  I have 1080 ti, 1080, 1070 ti, etc.  Not much profit with prices down. 

The best time to sell GPUs is usually when they are sold out everywhere and you can demand a premium on them. However that usually means you are better off mining with them instead, so why sell?

Right now, its very difficult. Basically being offered $50 USD for a used RX 470/570 and every buying keeps asking "Did you mine with these GPUs?" Very tough market out there right now with second hand GPUs.

A RX 470 was cheap originally and so getting $75-100 USD doesn't seem like a bad deal, especially since it ROI'd a while back. However I feel bad for the people who are trying to unload a bunch of 1080Ti which never ROI'd.

If you made the money you paid for a gpu back $50 for a $150 gpu isn’t bad but most ppl paid high prices forcthose cards back in dec jan march, selling for $50 is crazy

I think if your electricity is cheap you can still earn a decent amount, before  i work in Saudi Arabia and they have really cheap electricity so decided to build a mining rig 2 gpu rx 580 and got some good profit from it. But if your location has high price on electricity i wont recommend it. You can check your profit on online calculation for hash and electricity that you use and see if will get profit

I did not shut my farm down only because i am heating all the building with that generated heat. In other case it would be stupid to mine only on hope that one day cryptocurrencies will rise again. I can understand that when you do that with $2k worth of equipment, but when you mine with $100k, you also thinking that you wearing your equipment for no ROI. So in this case it is better just to shut the farm down and wait for better times to come.

yeah we only want coin for coming day when crypto maket pump.

but not everyone can cover electricity bill.

It depends on the bill. I have payed €17k for electricity since February till now, so mining for HODL costs a lot :)

install a lightning rod...works wonders  ;)

https://i.postimg.cc/c1zP2gKC/images.jpg

As noted this is not such an issue for people with 1 or 2 cards who were casual mining. People who took out $10k or $100k loans really have to consider the adverse effects of waiting. If the next coin boom doesn't occur for 2-3 years then good luck trying to unload 3GB or 4GB cards when 16GB cards (possibly on 7nm) become necessary for 4k/8k displays. Even if the cards aren't mining they typically go down in value.

Personally I dump my cards as soon as I can or when a new efficient node is being released. December 2017 gave some pretty clear signs it was a good time to exit mining.

Those veteran Radeon 4870s that were first mining BTC back in 2010/2011 never returned to see mining again.

1080Tis should be safe, but I don't think RX 470s and 3GB 1060s should be held.

Due to the big fall in the price of cryptocurrencies, mining is now profitable only with electricity prices below 5-6 cents, and also subject to the use of heat from equipment for heating.

I have a rig with 6 Gtx 1060 3GB and they are doing very good in Winminer, this software lately has won my heart because they add a lot of algorithm and my 1060 is not worthless anymore as it was mining Zcash, or mining X16 which was drawing more power and making less profit. Now it mines AKA most of the times and it gives me about 40% more daily income in Btc than it used to do when mining other algorithms. So 1060 3GB can be kept as a software like Winminer puts them to good use still.

Profit? Yeah I am sure miners are still earning profits for the electric companies!

you are right It depends on the bill.  if you can pay bill it can profit in next year.

but if you can't pay bill it hard to find some coin have profit in this time.

Mining is really profitable now only for heating. If prices of crypto will be at this level few months else, I think that hashrate of the majority of coins will be halved.

There are two kinds of miners: Treasure Hunters, and True Believers.

This question "Is mining still profitable?" is what Treasure Hunters ask. In fact, the vast majority of miners get started because they are treasure hunting. Seeking reward through work is not a bad thing, but treasure hunting assumes you will do a LOT of work for a possibly giant payoff, but probably for nothing at all. Everyone wants to believe they are a winner though..

True Believers understand that the goal of mining is not profit or reward: those are tokens of appreciation for providing a service to the network. Mining is what makes any mineable crypto currency operate; it is how every transaction is validated, every block found is verified. Mining is the heartbeat of crypto, and without it most coin systems will fail.

So ask yourself: why do you want to mine? Are you seeking treasure, or do you believe in the network you are supporting, and in the future of crypto? Then you can properly decide if you should be mining in a down market.

Lily

Today you have done nothing but spam that mining pool. #reported

I have read all of the comments here and you all got the point. You know guys with the market down like these days there are still chances of earning thru mining.Think of holding your mined coins until it's price increases. Or try to lower your electricity cost down to 0.02$-0.05$/kwh.

mining is still a lucrative thing to get results on crypto. Whalesburg became a mining platform that became an option in an era of technology the better. with increasingly sophisticated algorithms and also have good transparency in payments of course in mining became a more profitable thing.

By the way, who does not know about Whalesburg, the platform for miners cryptocurrency? Their advantage over others is that they guarantee high mining efficiency as compared to their peers due to the profit-switching algorithm. Minimum uncle rate!
Reliability - Maximum system uptime. Comprehensive protection, no “hot” wallets.
Transparency - Exceptional accuracy of payment data. Hidden fees and no fees.
Convenience- Save time on connection. Comfortable interface and support 24/7.

Yeah I think if you have to ask you probably know already.  But who knows.  It could bounce back tomorrow morning, in a decade, or never.  I am still mining.  I heat my house doing so.

There are still many legitimate mining pools out there, but I will advise that we perform due research before venturing into anyone at all. I have been introduced to the WHALESBURG mining pool and it's okay, profitable and transparent. In fact, it's community is growing very fast. You can as well check it out to know more about it.

It is the project that you believe in based on your own research. Once the whole market is stable, then you can make a profit. But if you are wondering what I am mining it would be Historia coin. Here is the link to on how to start mining it! How to mine for Historia (http://blog.historia.network/?p=27745)

No, i don't think it is profitable anymore..

Nice man...

if someone will start to establish a mining rig at home? I consider not anymore. Overall cost vs the Mining Difficulty of a Coin and Price.
But if your living in a county that have a minimum power cost you can still try some good or under value coins. you can visit coinmarketcap for it.

I've turned off my Polaris rigs as they basically net me next to nothing now at $0.16 per KWh. Still got the Vegas and the 1080's going, but that's mostly to boost a stack of a specific coin I'm accumulating. In theory I could just as well turn the rigs off and wouldn't be worse off. I just keep doing it for fun I guess.

There are really people who dont actually mind on how much electricity they would consume as long they do able to mine basing on their
interest and passion.

I have long time stopped on mining when i do already find out that im actually just paying my electricity consumption on what i do earn.

Do not be deceived, is a lot more than that, at least 30% more + if any critical hardware is burnt or stop working then you need to replace and that usually cost a lot.

Yeah, I do only pay $0.03/kwh though.
I'm actually thinking of starting a small miner hosting service once I manage to free up some time and interest in mining rises up a bit since $0.01 /kwh electricity isn't too hard to get here.
That being said roi is pretty slow.

Where do you live?

I do recognized such problem too because mining activity and the expense involved wont only be focused on electricity consumption but also with its maintenance.
If on of them bust up then it would really be a pain in the ass. So better quit than to wait for that thing to happen.  ;D

It really depends on the price of electricity and hardware you are running. There are many ways to mine and still be profitable, it just depends on what your goals are for mining.

A lot of altcoins mining still profitable, Ethereum is profitable still. There are also pools that do autoconversion to BTC/ETH if you do not want to hodl altcoins.

You can also participate in an airdrop like 🔥🔥[Synchrotron Coin]🔥🔥 (https://bitcointalk.org/index.php?topic=5083222.0) and stacking in your wallet. The good thing about the POS is that it doesn't consume a lot of energy.

Are POS coins considered mining? Interesting... ::)

eth fork was just done, now this is what a rx 580 can give https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=130.0&fee=3&cost=0.1&hcost=199&commit=Calculate profitability went from + 0.03 cents per card to minus/- 0.09, that is right eth mining has become negative. Lets see how other coins will behave but i think all other coins will follow eth on negative profitability. Now is time to see who are the ones to pump eth and be the long term winner.

yes, it's still profitable, f.e. 5 rx 570 cards brings me near 100$ per month. yes, it's little, but better than nothing

It is the project that you believe in based on your own research. It is best to focus on mining coins that you have done research on. For either future profit or simply to support the project.  

But if you are wondering what I am mining it would be Historia coin. Here is the link to on how to start mining it. I simply love what the team is trying to build.

How to mine for Historia (http://blog.historia.network/?p=27745)

As long as altcoin cannot increase its value to twice the present value, mining hunting will not benefit. Because the results are not in accordance with the costs incurred. Especially electricity costs. Plus the value of computer maintenance. So forget about mining the altcoin for now.

yes... if you have free electricity

In the current situation, it is true not to take steps to start building a mining rig, because its actions are clearly very detrimental, it seems that many have stopped because it is true that the mining results are not worth the overall costs. not to mention added to the difficulty of finding a good coin. It's not wise to want to force it to continue in the current situation, it's better to wait until the situation starts to grow again.

Better than nothing, having free electricity? this is possible if you have invested to solar power though it cost some money but it's worth it when your operation is continuous. I have know a person who have been running his miners together with his team and their electricity is free because they had some position in the gov't, it's more of a province. But now, I don't have any news on how their farm is running or probably they stopped because they just got in due to hype.

No, in fact, Mining Bitcoin is reportedly not profitable for almost anyone than hasn't got Free electricity.

For ETH mining, considering the Difficulty bomb was activated yesterday, today there is no profit at all, even paying 0,08$/kW which is a very good electricity price. As the other example, mining ETH for profit is just a matter of how much ETH coins are shared por block (which has been reduced, BTW), and how much the difficulty bomb increases block time. It's going to scale from 20sec right now to almost 30 sec and will continue climbing as happened on October.

Basically, if you have 0,05$/kw or less, you may be making some little profit, which IMO, makes no sense. I would not be willing to use electricity for so small profit. If you have free electricity then it can be still profitable, but not for long, at least in the case of ETH.

It's weird how people can be still mining. I don't think there are 150Gh/s hashrate on the net mining with Free electricity. a huge amount of this hashrate is currently mining at loss clearly. Do they expect to see a pump in price?? 5 days with the ETH market moving flat. Indication that there is going to be sell pressure. Maybe today, probably tomorrow.

Get your trousers tight, HODLERS, you are going to suffer.

Solar power is expensive btw..

mining is not a get rich quick thing. i have been mining since late 2013. i sold as i earned back then. now when i look at how many coins i had i could have been a millionaire. so for me it's about holding what i mine. if your into fiddling and messing with hardware then it's a great hobby with a view to making some money.
pick new coins and mine the hell out of them at the start and hold those coins. some will be crap,but some will go on to have value.
heat is a big issue. if you can't get the heat out of the room then i would say don't do it.
you'll have hardware failures,especially if they get too hot. initial outlay is very expensive and it's really not worth it if you plan on using one or a few gpu's, for an example. i have 30 rx580's and i make $10 per day with free power, if i look at it as a daily profit thing. but if you plan to hold for better prices then that will go up

there is ABSOLUTELY NO ARGUMENT TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, it doesn't matter which one it is, except if you consider faith in crypto as a reason, so stay away of manipulating people. Crypto is dying and not a single coin is surviving this tsunami.

This "free power" that you trolls talk about DOES NOT exist, if you do not pay then somebody does.

Yes, it's why I've said it costs some money.

I knew that there's something wrong with that person who told me they have "free" electricity.

Crypto is not dying, but if someone is mining at loss, it could be argued that its better to directly invest into crypto,
than into miners

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

It took about 2 years for your gloom and doom to become true  ;D

Well that is how the manipulators make money, pump 100 times within a 1 and half year cycle, crash 60 times within a 2 and half year cycle, rinse and repeat. So every 3 years my gloom and doom will be right and every 2 years trolls will scream i was wrong hehe

A lot of people are mining to generate heat for their house so even if they are technically not making a profit they are still paying less to heat their house so its a win for them.

Also many people have free electricity from rental agreements, solar, hydro, or using company property.

There are ABSOLUTELY HUNDREDS OF ARGUMENTS TO SUPPORT THAT YOUR COINS WILL GO UP IN PRICE, but there is absolutely no point in bringing them up as you will be blind to them.

And one is, manipulators will decide when is time for the market to become a full fledged bull market, with eth fork almost we thought to believe that manipulators would let things go up till they dropped the bomb, in 5 minutes manipulators sold 5000 bitcoins on bitstamp and on every major exchange, that was a huge sell off, in 5 minutes almost 80k bitcoins were sold worldwide in exchanges just to tell bulls that this is not the time for any pumps yet. The bulls got the message and stopped pumping it. I guess manipulators want the price to stay at this level, they want to fill their wallets and then once they are done doing that, is time to pump crypto cause they need that to keep people interested in crypto, this manipulation exists since 2009.

If you are new to this then, sell everything you have and buy cryptocoins and wait for the major pumps of 30 times then sell all and laugh. You have to buy now, this is the bottom, thank me in 2 years or so.

Niagara Falls  is a perfect reason why the bolded statement is false.

https://en.wikipedia.org/wiki/Robert_Moses_Niagara_Power_Plant

at 2770 mw 

added to its Canadian side Sir Adam Beck 1970 mw

https://en.wikipedia.org/wiki/Sir_Adam_Beck_Hydroelectric_Generating_Stations


you get 4740 mw power  this can supply all the world's BTC mining

The single biggest reason BTC has not stopped is hydro power plants do not turn off and for many times of each and every year  they have not enough usage from customers.

They have 10 to 25% excess in power ⅔ of each and every year.

Asic mining BTC helps them profit. So you get a true bottom number for btc  of 4 cents a kwatt

Your Fud  ignores this completely .

the worlds list of top hydroplants from wiki

https://en.wikipedia.org/wiki/List_of_largest_hydroelectric_power_stations

"Completed[edit]
Only operational power stations with an installed capacity of at least 2,000 MW. Some of these may have additional units under construction, but only current installed capacity is listed.

Rank   Name   Country   River   Years of completion   Installed
capacity
(MW)   Annual
production
(TW-hour)[6]   Area
flooded
(km²)
1   Three Gorges Dam...... China.......Yangtze.................22,500   98.8[7]   1,084
2   Itaipu Dam................. Brazil......Paraguay   Paraná....14,000   103.1 [1]   1,350
3   Xiluodu...................... China......Jinsha....................13,860   55.2   
4   Guri.......................... Venezuela......   ní....................10,235   53.41   4,250
5   Tucuruí...................... Brazil...........Tocantins............ 8,370   41.43   3,014
6   Grand Coulee.............United States..Columbia............6,809   20[12]   324
7   Xiangjiaba.................China.............Jinsha................   6,448   30.7   95.6
8   Longtan Dam............. China............Hongshui............6,426   18.7[14]   
9   Sayano–Shushenskaya...Russia.........Yenisei...............6,400   26.8   621
10   Krasnoyarsk.................. Russia........Yenisei...............6,000   15   2,000


the top ten add to 101048   5% of that is 5,050   that is all the 256sha btcbch in the world
all these plants almost always need to shed loads most of the year. So to say mining is dead is moron.

To say mining is dead for the little guy yeah not so moron.  base power number is 4 cents  so anyone with 2-4 cents is okay
5-6 cents maybe over that it is a bitch to stay afloat .  do we get a pump maybe we do do we get a bull rally maybe.
I just want people to understand the entire world has a vested interest in mining due to the load shedding and balancing it can do for hydro plants.


11   Nuozhadu    China   Mekong   2014[16]   5,850   23.9[17]   320
12   Robert-Bourassa    Canada   La Grande   1979/1981   5,616[18][19]   26.5   2,835
13   Churchill Falls    Canada   Churchill   1971/1974   5,428[20]   35   6,988
14   Jinping-II    China   Yalong   2014   4,800   24.23   
15   Bratsk    Russia   Angara   1961/1966   4,515   22.6   5,470
16   Laxiwa Dam    China   Yellow   2010   4,200[21]   10.2   
17   Xiaowan Dam    China   Mekong   2010   4,200[22]   19   190
18   Ust Ilimskaya    Russia   Angara   1980   3,840   21.7   1,922
19   Jirau    Brazil   Madeira   2014/2016   3,750   19.1   258
20   Jinping-I    China   Yalong   2014   3,600   17   82.5
21   Santo Antonio    Brazil   Madeira   2012/2016   3,580[23]   21.2   490
22   Tarbela Dam    Pakistan   Indus   1976   3,478   13   250
23   Ilha Solteira Dam    Brazil   Paraná   1973   3,444   17.9   1,195
24   Ertan Dam    China   Yalong   1999   3,300   17   101
25   Pubugou Dam    China   Dadu   2009/2010   3,300   14.6   
26   Macagua    Venezuela   Caroní   1961, 1996   3,167.5   15.2   47.4
27   Xingó Hydroelectrical Power Plant    Brazil   São Francisco   1994/1997   3,162   18.7[24]   60
28   Yacyretá    Argentina
 Paraguay   Paraná   1994/1998, 2011   3,100   20.09   1,600
29   Nurek Dam    Tajikistan   Vakhsh   1972/1979, 1988   3,015   11.2   98
30   Bath County PSP    United States   -   1985, 2005/2009   3,003   3.32   3.3
31   Goupitan Dam    China   Wu   2009/2011   3,000[25]   9.67   94
32   Guanyinyan Dam    China   Jinsha   2014/2016   3,000   13.62   
33   Boguchany Dam    Russia   Angara   2012/2014   2,997   17.6   2,326
34   W. A. C. Bennett Dam    Canada   Peace   1968, 2012   2,917   13.8   1,761
35   Mica Dam    Canada   Columbia   1973, 2015   2,805   7.2   430
36   La Grande-4    Canada   La Grande   1986   2,779[19]      765
37   Gezhouba Dam    China   Yangtze   1988   2,715   17.01   
38   Volzhskaya (Volgogradskaya)    Russia   Volga   1958/1961   2,671[26]   12.84[27]   3,117
39   Manic-5 and Manic-5-PA    Canada   Manicouagan   1970/1971, 1989/1990   2,656[28]      1,950
40   Niagara Falls (US)    United States   Niagara   1961   2,625 [29]      0
41   Chief Joseph Dam    United States   Columbia   1958/1973/1979   2,620   12.5   34
42   Changheba    China   Dadu   2016/2017   2,600   10.8   
43   Dagangshan    China   Dadu   2015/2016   2,600   11.43   
44   Revelstoke Dam    Canada   Columbia   1984, 2011   2,480   8.75   115
45   Zhiguliovskaya (Samarskaya)    Russia   Volga   1955/1957   2,467[30]   11.7[27]   6,450
46   Paulo Afonso IV    Brazil   São Francisco   1979/1983   2,462.4[31]      
47   Chicoasén (Manuel M. Torres) Dam    Mexico   Grijalva   1980, 2005   2,430      
48   La Grande-3    Canada   La Grande   1984   2,418[19]   12.3   2,420
49   Atatürk Dam    Turkey   Euphrates   1990   2,400   8.9   817
50   Jinanqiao Dam    China   Jinsha   2010   2,400   11.043   
51   Sơn La Dam    Vietnam   Black   2010/2012   2,400   10.25   440
52   Bakun Dam    Malaysia   Balui   2011   2,400      695
53   Liyuan Dam    China   Jinsha   2014/2015   2,400   10.703   14,7
54   Guandi Dam    China   Yalong   2013   2,400   11.87   
55   Karun III Dam    Iran   Karun   2005   2,280   4.17   48
56   Iron Gates-I    Romania
 Serbia   Danube   1970, 1998/2007, 2013   2,252.8   11.3   104.4
57   John Day Dam    United States   Columbia   1971   2,160   8.42   
58   Caruachi    Venezuela   Caroní   2006   2,160   12.95   238
59   Ludila    China   Jinsha   2014[32]   2,160   9.957   
60   La Grande-2-A    Canada   La Grande   1992   2,106[19][33]      2,835
61   Aswan    Egypt   Nile   1967/1970   2,100   11   5,250
62   Itumbiara    Brazil   Paranaíba   1980   2,082   9   778
63   Hoover Dam    United States   Colorado   1936/1939, 1961, 1986/1993   2,080   4.2   640
64   Cahora Bassa    Mozambique   Zambezi   1975/1977   2,075      2,739
65   Cleuson-Dixence Complex     Switzerland   -   1965, 1998   2,069   4.51   4
66   Bureya Dam    Russia   Bureya   2003/2009   2,010   6.59[27]   750
67   Lijiaxia Dam    China   Yellow   1997/2000   2,000   5.9   383
68   Karun I (Shahid Abbaspour) Dam    Iran   Karun   1976, 1995, 2006   2,000      54.8
69   Masjed Soleyman Dam    Iran   Karun   2002/2007   2,000   3.7   7.5
70   Ahai Dam    China   Jinsha   2014[34]   2,000   8.88   23,4
Under construction[edit]
This table lists stations under construction with expected installed capacity at least 2,000 MW.

Name   Country   River   Expected
capacity (MW)   Expected
completion   Location
Baihetan    China   Jinsha   16,000[35]   2021   28°15′06″N 103°39′34″E
Wudongde    China   Jinsha   10,200   2020   26°20′02″N 102°37′48″E
Belo Monte    Brazil   Xingu   11,233   2019   03°07′27″S 51°42′01″W
TaSang    Myanmar   Salween   7,110   ?? (on hold)   20°27′23″N 98°39′0″E
Ethiopian Renaissance    Ethiopia   Blue Nile   6,450   2022+   11°12′51″N 35°05′35″E
Diamer-Bhasha Dam    Pakistan   Indus River   4,500   2023[36]   35°31′08″N 73°47′10″E
Dasu Dam    Pakistan   Indus River   4,320   2023   35°31′10″N 73°44′21″E
Rogun    Tajikistan   Vakhsh   3,600   2018-2020   38°41′03″N 69°46′26″E
Myitsone    Myanmar   Irrawaddy   3,600   ?? (on hold)   25°41′23″N 97°31′04″E
Mambilla    Nigeria   Donga   3,050   2024[37]   07°09′44″N 10°34′17″E
Lianghekou    China   Yalong   3,000   2021-2023   30°09′46″N 101°00′49″E
Ituango    Colombia   Cauca   2,456   2019?   7°05′03.6″N 75°41′16.8″W
Tocoma    Venezuela   Caroní   2,320   ?? (on hold)   27°33′13″N 94°15′31″E
Maerdang    China   Yellow   2,200   2019   34°40′21″N 100°41′32″E
Koysha    Ethiopia   Omo   2,160[38]   2021[39]   6°27′36″N 36°20′24″E
Lauca    Angola   Cuanza   2,069.5   2017-2019   9°44′34.9″S 15°07′32.2″E
Shuangjiangkou    China   Dadu   2,000   2019   31°47′29″N 101°56′03″E
Subansiri    India   Subansiri   2,000   2019?   27°33′13″N 94°15′31″E
See also[edit]
"


all of the plants above can use major BTC/asic farms when they produce excess power.

the world needs mining to help power plants shed excess loads.

As someone mentioned, mining during the cold months in the US does make things looks slightly less bad, as does having solar.  I track my consumption and production very closely.

Here's a snipped from my tracking spreadsheet:


My power cost is $0.1215, which is about average I think.  And at that cost, my net profit per day is a paltry $11.59 per day.

However, when you take into consideration the reduced effective rate the solar adds, the daily profit increases to an average of $18.36.  So ~$18/day plus free heat isn't THAT bad.

My rigs consume right around 255 kWh a day, and on a sunny day in February, the best I have managed is to generate 169 kWh.  My profit that day was $23.51.

So yeah, margins are very slim, but solar can improve the picture.  The above numbers completely ignore the cost of the mining equipment and the cost of the solar, which is my case is paid for.  If you include the cost of those, the ROI would be very long.  And come summer, unless things change, I'll probably only mine during during sunny days.

You are never going to ROI. Sorry to tell you. Prices are going to be flat if not worse for about 2-5 years. And i expect prices to go even lower, ETH below 50 and never pull back. Watch my comments in this forum. I was one of the first here to say i was stopping my machines. 7 months later ETH network hashrates have reduced from 270.000Gh/s to no more than 145.000Gh/s, or even lower.

Considering the amount of equipment you have 23$ a day makes 700$ a month at best of profit. Your equipment seems to be very expensive. if i were you, i would be very worried about the future, because i'm sure you invested a lot on mining and the situation is not good for you.

hundrends of arguments??? tell me only one that is not laughable.

While I don't quite share your dire outlook that prices will be flat or worse for 205 years, I do think they will be flat until 2021ish.  I purchase the solar system before I got into mining, and once I started mining, I expanded it from a 20 kW system to a 35 kW one.  My cost was about $1 per kW since I did all the work myself.

As for the mining equipment, it mostly RIO'ed before the market tanked in early spring last year as I purchased most of it back in the summer of 2017 and enjoyed the great returns of late 2017 and early 2018.

I have:

25x 1080Ti
14x 1070Ti
16x 1070
23x 1060 3GB

The 1060 3GB cards are mining BEAM under Linux and earning about $3/day after power.  That works out to about $0.13 per card, so barely worth even running them.  The higher end cards do somewhat better on GRIN, but it's value has started to slide, hence the reason I'm converting to BTC as I go.

As soon as spring gets here, I'll be selling the 1060's for sure although it will be a real pain to sell, package and ship them individually.  I do have original boxes for just about everything I have, including the shipping boxes from when I purchased them, but it is still going to suck.  The alternative is to just shut the rigs down and wait for better times, but I'm pretty sure 3GB cards will not be able to mine anything by then.  1060 3GB cards are still selling for $120 individually it seems, so it is still worth the effort I suppose to get rid of them while they still have some value.

I also have 5x Z9 mini's, 3x S9 13.5's and 2x L3+ ASICs.  They are all just sitting on the shelf now gathering dust.  The Z9's and S9's ROI'ed a long time ago.  I'm torn between selling the ASICs vs. just running them on when I have excess power to burn (I'm technically not allowed to put more than 20 kW back into the grid, so I use my rigs as "dummy loads" when I can exceed that limit by as much as 15 kW.)

Another "free energy" alternative I'm looking into is harnessing a river I have running through my property for power generation.  According to the usgs.gov charts, it flows about 100 ft3/s, which is PLENTY for me to generate whatever power I want.  Problem is that I don't have much drop, so I would need to dam it up at least 3 or 4 feet in order to deploy a low head turbine type generator.  While the ~750ft of properly line I have against this river is completely secluded (other side is as well), Virginia has pretty strict laws against man made dams on on rivers on the count of fish migrations, etc.  Still researching the possibility of diverting a portion of the flow for power generating purposes.  If I could get, say 10kW of 24/7 "free power", that would be pretty sweet, but realistically, expanding the solar farm is probably more realistic and cost effective.  Sorry for getting way off topic.  :)

Piskeante if your so sure of Eth going below $50 I would like to see the short positions you are taking.  But you are probably just a troll, doubt any serious investor believes that.  Mining is a brutal business and people always try to deter others from entering because that just means increased difficulty and lower profits.

@crazydane

After reading your posts in this thread I would say that your systematic approach to mining, and using your resources at hand is sound and profitable.
Also your thought process and reasoning are also valid and supported by the data you provided.
Mine-On and keep doing what you are doing!

(not that you need any validation from me or anyone else)    ;)

You can still mine with some profit when your electricity is free or really cheap. What makes mining rather pointless right now is the initial investment you have to pay to start the mining game. You have to pay several hundred or even a couple of thousands of dollars (depends on the scale of your mining operation). The fact that you are going to be making back this money over some years is the fact that makes mining rather useless at the moment.

Most funny thing I see selling on net is this

https://www.asicminervalue.com/miners/innosilicon/a10-ethmaster-485mh

ROI on that thing is what, 6 years?

ROI is not relevant to me.
Why? Cost of equipment is a sunk cost and written off against income reducing tax liability, and I already own it.
Return Over Expense is what is relevant to me.
If I spend $1 for power and get $1.36 today during the bear market this still works for me.
I understand that this in no Lambo money, but it beats going back to have a JOB, and a BOSS.
I also understand that this may not work for home or hobby miners, or people looking to start mining now.
  

You mine full time?  What’s your setup?

Mining full time for a few years. Set up: 1.5 MW Mining/Hosting facility currently with a load of 600KW including 12 card GPU rigs, and hundreds of various asics. Currently all sha-256 miners are turned off as the margin is too close for me on those at the moment. With SHA-256 running my load would be about 1 MW.   

I entered mining just about September 2017. Bought my 12 cards RX 570 and 580 at great discounts because they were returned equipment with no problems at all. My initial idea was to mine and sell (by that time made total sense for me). i made some nice profit. The 13 of July 2018, i said, (and it's in my signature since then), that the price of ETH would be 600$ at best by the end of 2018. Reality is that it went much worse than what i considered to be a bad escenario.

i laughed, and did it hard to all those MANIPULATORS AND SCAMMERS that said wait for the Bullrun by the end of the year. I knew this was not gonna happen. Reasons=?

1º The End of anonymity is already here. Governments are putting a lot of preasure on exchanges to give them the info of how much coins, personal info, and all of that. And those exchanges that are keeping privacy as a main red line, are being destroyed with regulations that will make them shut down.

2º From the begining, from the very begining i entered, i knew that REGULATIONS would destroy crypto. Because crypto saw a huge pump while it was unregulated. It was used for money laundering quite hard. Black net was using crypto to sell and buy drugs, weapons, buy all type of services. The moment all the info had to be given to governments, THE MOMENT ALL GOVERNMENTS ANNOUNCED THAT THEY WERE GOING TO INTRODUCE REGULATIONS AND LAWS ON CRYPTO, that moment was January 2018. And look where we are now.

3º Decentralization is absolutely dead. Crypto was created with the main idea, to give people the possibility to win money by helping develop the blockchains. Every chain that appeared, and could be mined, was instantly focused by MOFOS with ASICS, to destroy any possibility of normal people with their GPU to mine. By that time, we had coins that were not profitable mining NOT EVEN AT HIGH PRICES WITH GPUS, due to ASICS which makes my point.

50% or more of BTC miners are in China. How can you call this DECENTRALIZATION???

4º 99% of the people that invest in crypto, DO IT EXCLUSIVELY FOR MONEY!!! They don't care about tech, developpement. Anything. Every hard fork of coins, which in many ways implies better tech performance, is just ignored. Look at ETH. It has updated ETH to Casper , reduced profit for miners, less production of coins reducing the inflation, and activating the difficulty bomb, but hey!! it's going down. This also proves my point.

The first largest Altcoin IN THE WORLD, updates their chain with goodies and only 22% of the users update their chain. ARE YOU FUCKING KIDDING ME??

5º the last, and probably the most important one. ETH had a cap in January 2018 of 134 Billion $. Now it has 13 Billion. What has happened to ETH, that has lost so much money on Cap?? Any problem? IN stock, a drop like this a BRUTAL BANKRUPT. There is ABSOLUTELY NO REASON FOR THIS DROP TO HAPPEN, Except if there is MANIPULATION ON THE MARKET BY VERY POWERFULL PEOPLE.

The dumbest argument ever exposed and proposed here was to accept the idea that powerfull people were "bearing" the market to enter and then pump the hell out of it. The prices are low, were are those guys??Where are those "manipulators" dumping the coins to hell, and then buying?? Simple answer is : THERE ISN'T. The market is just in hands of very very very few people with a lot of money, pumping and dumping themselfs a hole market to make profit. we have seen it so many times, that it's impossible to stick to one. Every small coin that pumped 200 or even 2000% and then drop to almost 0 is a good example.

Talking about ETH, i want to note one question: How can we value ETH for what it is, and not what people say it is valued??? Only one way: saying the amount of smart contracts and the amount of money the blockchain is capable of generating. ETH core devs HAVE NEVER SAID THIS. If the market values the blockchain in 13 Billion right now, WHICH % OF THE BLOCKCHAIN MAKES MONEY???

I mean, if ETH is valued in 13 Billion, but smart contracts only make 1 Billion, ETH is over stimated by a huge lot. Would you buy ETH if you knew this??? If Core DEVS had ETH with smart contracts of more than 13 Billion, would you think they would use this point to try to hold the value of their own coin?? Reality, and truth is we don't know, BUT i guess the value in Smart contracts of ETH is way way less than what the market values ETH, which is INEVITABLY  a sign of market manipulation, and moreover, a sign , a clear sign of run away.

Am i a bear? NO. Am i a Bull? NO. I simply don't believe in this market anymore. i'm advicing people to sell all and leave. Everyone will evaluate if they can or can't do it according to the amount of money potentially lost in the operation.

If i were a Bear , with a lot of money, i can tell you i would be very very rich. I predicted (and it's in this forum if you want to see my point) 6 drops , 2 of them massive, in a row. i even announced it here. Don't go away too much. Just look at my post of which you answered. I told you that in this post: i said: Do they expect to see a pump in price?? 5 days with the ETH market moving flat. Indication that there is going to be sell pressure. Maybe today, probably tomorrow.  

Well, in the last 24 hours, ETH has lost a 7%. i expect it to dump another 4-8% more. if i were rich, i would have made a 7% profit in 24 hours. Don't believe me? just prove me wrong. See all my post (it's easy, just takes time), and you´ll see i'm not lying.

You have the right to your opinion, Piskeante and I am not going to speak against your points, I probably agree on a majority of them.

You first point however, is the most interesting one. The end of anonymity combined with government pressure on kyc etc.
Wouldn't that be a massively strong argument in favour of the good anonymous coins? The "Z's", the XMR's, the "BEAM's" etc of this world? I am a massive fan of VEIL currently. I'm getting as many as I can.

We might never see the huge influx of money into crypto we saw in 2017 anymore. Large firms are more interested in the blockchain tech than the actual crypto side of it.

But there will always be people who want to hide their tracks. I can't see privacy coins disappear any time soon.

It doesn't matter if those coins are private or anonymous. You have to trade with exchanges, and those are BEING FORCED to say who is moving those coins, who much money they can get with those coins and all this. You can obviously evade exchanges and trade hand to hand. Which is what BTW is being done at the moment.

Governments can control exchanges, THAT'S WHY PEOPLE ARE EVADING EXCHANGES. The price "of the coins" is created on the exchanges. if there is no movement on the exchanges, it's considered as "no demand" so prices drop.  but this is obviously a huge manipulation on the market. And it's directly related to government putting their fucking noses on bussiness to "get their part" for nothing.

I absolutely agree that we will never see ETH at 1.000$. BTC will never be 20k $. That past situation has never ever happened before and will never happen again, because a huge amount of investors lost all of their money, and will never come back.

I think you greatly underestimate FOMO  ;D

Once crypto starts going 10% up then nobody dumps, then another 15% up and nobody dumps, another 20% and no dump yet, then we will see the fomo in action hehe which will take crypto to a huge bullrun which will range from 10 to 100 times rise in value. For fomo to start, it needs only a 50% price increase, if btc hits $5000 then you will see going to $10.000 easy.

i would agree with you if we were in 2018 January - March. But we are in 2019, and the situation of crypto is widely known. I bet your expectations will fail.

High pessimism is great for market bottoms  ;).

Another big lie in crypto, is saying that bottoms are used by investors to see the potential margin of profit they can make. If a coin will not go below 80, for example, this means you can buy at 80 and be quite sure that the coin will not fall below that.

go and see how many users in this forum have bought ETH at 500$ thinking it would not go below that. Moreover, if the market condition is like it is right now, i can assure you that noone is willing to pump the coins if afterwards, and apart from risk, they will have to pay from 20 to 30% taxes thing that didn't happen in the past (so you were more willing to take that risk for extra profit).

and another thing: watch out bears, the market is dying. If you keep dumping coins , making it impossible for bulls to succeed, you can be facing a disaster. This problem with crypto related to everyone watching for their own pocket not taking care if the market lasts 2 years or 2 weeks, just squeezing as much money as possible before it goes to hell,  reminds me of a scene that i personally saw in my country.

A company was giving away umbrellas for free on an airport a rainy day. The moment they announced it, people were getting 2,3 or even 4 umbrellas. They didn't care if there was people interested aswell. They only cared about them.

If you dump, and dump and dump, and always this way, you are destroying the market now, when you could just let it live for more. I don't understand this greedy bastards (the risk traders) doing what they do collapsing a hole system. Anyway, i don't care, i have nothing in crypto so get rekt (the market) if it has to.

Sounds like march 2009 in stocks.

@Piskeante.

You sound like my one of many of my buddies that all of sudden got into crypto at a 10k+ btc due to the masses of dumb money entering in.

They cried market manipulation, Blah blah and all that newb stuff when they took a hit.

The fact your still  around I congratulate you for going through the market cycles where most of my friends left for good. I've made very dumb moves also and I got into crypto early 2017. I bought some btc @ 18k. I've bought some dead on arrival miners obelisk dcr1. I over traded and payed more to IRS than myself.

I really want all of us that still around to be rich in the future and not settle for break even. So best of luck to all on next bull run. Anyone that accumulates a good amount this year, after all the dumb money left, will have life changing money in the next 4 years

lunobird we have all made mistakes, no one is perfect.  I have a tendency to linger on my past mistakes but its better to just learn and move on.

Looks like you got red trusted for supporting EOS, I don't own myself because it is centralized but I still think thats unfair.

nope, absolutely not. i had at least 3 contingency plans on what to do if the situation got worse and worse. mine, was not an unconsious movement. I did it warned that it could go terribly wrong (specially by my father), a high rank employee in one the biggest banks here in Spain with 40 years of experience managing personal investments. I knew it could go wrong, and considered every scenario to be "already taken into account".

i never entered to get rich. My only idea was to invest in crypto to get around 300$ a month after costs. So my expectations on crypto were low.

i don't think is time is a cycle. I trully believe this market has left so many dead corpses aside, that it's going to be a brutally difficult task to continue this ponzi scheme.


 i don't agree that we will get rich in the future. We are never going to see ETH at 1000$ or BTC at 20k. That is the past. Present looks black. Hope i'm mistaken, but , since September 2017, i can count with the fingers of one hand how many times i was mistaken, and i can tell you that there are fingers unused.


BTC and ETH is not profitable mining right now. You are probably mining at a loss if you have Electricity of 0,08 or more. Breaking even at 0,07 more or less, and winning little to mid profit if 0 to 0,06cnt/kW.


You can keep mining ETH even in Casper has been applied. The matter is: do you believe in a bull run? i don't. This market is dying. IMO.

I invested in more efficient team green 33 gpus with 11x 1080 ti , 3x 1080 and 18x 1070 ti and 1x 1070. All titanium power supply.

According to what to mine I still make $160 extra each month after electric at 8 cents rate. I don't sell what i mine and pay for electric with my day job.

A lot of people invested in cheaper team red and they are not doing so well for efficiency.

I can mine like this for many years but I didn't get into crypto just to race to the bottom and fight for table scraps. I got into  mining so I can buy out the restaurant.

Paying more for efficiency has paid off in the bear market. I don't have to liquidate my gear.

You gota have some vision of you ever want to grow and expand and be able to take  some big blows when the going gets tough.

But you have the right to your viewpoints and your good at being a realist and not a typical moonboy. You should look into shorting the market it would work well with your mindset.

A pro can survive any market up or down. But I'm too much on the hodl side so I need to adjust strategy and get better myself.

mm...just a few comments on this.

Team red can be as efficient as Nvidia. Reality is , that when i dedicated a lot of time to configure my setup, i had to make a decision: Did i want to use less electricity resulting on less hashrate or more performance? I went for the performance (and price per Mh) specifically for Team Red and ETH, they were cheaper and offered more hashrate. so i upped the coreclock as much as possible to get the max performance for the least cost of electricity.

All of my RX 580 and 570 cards were running at 1240mhz. The voltage supplied varied a bit between the cards because i personalized every each one according to Asic Quality . Most of them, if not all (i don't remember exactly) could do 1240 on the core for just about 850-887mv. Some can do 2250mhz on the mem. Some less. if you count all the hashrate of my cards, and divide between the amount of them, it gets an average of 31,54mh/s.the total consumption per card was about 135-140W. If i had decided to go lower on the clock, i would have been using less electricity but with a parcial efficiency compared to Nvidia. Why? because ETH algo favours team Red. So even reducing clocks to match hashrate with Nvidia cards, you could get a nearly comparable efficiency in terms of performance-cost. GTX 1070 could do 27mh/s. GTX 1060 could do something between 17-25 at best. Depended on the memory installed. Normally Samsung mem was very good, while hynix was just not good enough. my GTX 1060 destop with hynix could only do 18,7 mh/s on ETH, but my laptop with gtx 1060 samsung mem can do 24,6 which is brutal. +800mhz one, +225mhz the other. There is the difference in hashrate.

a GTX 1060 , for instance, can do 18,6mh/s  at stock clocks using 100W more or less of total power consumption of the card. when "tuning" the card for max mem and lowest power consumption possible, it was possible to be using something around 70-85W for just 22mh/s (depending of how much power consumption you were willing to apply (normally -30%) and how much hashing power you were willing to lose, obviously). So there is no point on using Team Nvidia for ETH. There wasn't a point back in those days, there isn't now. In fact , all well known youtubers related to cryptos, adviced to buy RX 570 and RX 580 just for EThash algo.

For the purpose of this post, i've switched on my test-bench and installed my RX 570 Sapphire RX 570 Nitro+ 8gb 84% ASIC quality (a very very good card). This card could do 1240-2250 using 837mv on the core and nearly 32,2mh/s. Micron memory BTW. The best IMO for RX 580 and 570. All of my cards with micron do 2250 without issues. I can also do 1500mhz on the core - 2250 on the memory and just around 1,18v on the core. Awesome card.

. i've tried 1150-2250 reducing to 800mv and from 1000 to 900 mv on the memory. It's doing 31,4 mh/s and total power consumption reduced to 108W from the wall (platinum PSU). It can be better with Titanium obviously. I will try to go even lower. Sure i can. seen some post of people talking about 90W from the wall doing 30,5mh/s. It's very difficult to go below 90W on Team Red due to bios restrictions, but i will try anyway.

so....yes. If i wanted my cards to do 27mh/s equaling a GTX 1070 hashrate, i can assure you i can get my cards with a brutal effiency in terms of performance, almost equal to GTX 1070 for sure. no doubt i can reduce clocks a lot and reduce the voltage aswell below 120W per card absolutely sure.

see, i will give it a try. My total power consumption from the wall for my 10 left cards in the past was 1510W favouring performance. (my rigs were not bought, just random parts (like a Xeon X5460 130W TDP) so not the best for mining rigs, but anyway,  i may give a try to see if i can push down the power consumption. I will switch on my 6gpu rig which was doing something around 900W from the wall on a Platinum PSU and see if i can go below 800W.

i had seen this video before: https://www.youtube.com/watch?v=JexjjwmTY1g . Just for fun, i will see if i can match hashrate and power consumption. Consider also, that by that time, Q4 2017 Q1 2018, the price of GTX 1070 could go from 379$ to more than 800$ at the worst time. Considering Team red could grant you almost 2 RX570 cards per 1 Nvidia GTX 1070. so take that extra cost in mind.

My 1070 ti does 31.5 hash @ 105-110 watt all day. In this bear market every ounce of efficiency counts. Your just 1 watt away from being turned off and liquidated

So true. I wish people thought the same as you in that regard. The same can be said about buying the coins instead of all the hassle of mining it.

Well, he was talking about 1070, not 1070 TI

Here where I live, you can buy 3 or 4 RX570s for the price of one 1070TI

Yes every ounce of efficiency counts but unless you got hundreds or thousands of these GPUs you aren't making any decent income regardless.

The days of real income with mining was back when you could make $10/day/GPU. Some were making more mining than with their day jobs.

Right now if you got 2 rigs of RX GPUs with 5 GPUs each you net like 2 quarters a day. Not really worth the hassle.

Mining is profitable if you believe in future price action up, as well if you already have the mining equipment. The price is down, but the mining difficulty is down as well, meaning if you hodl and wait for another Bitcoin high, you may as well profit ;)

LOL  

You have to do a bit more than "hold and hope" mate , , , you have to fork out £100's for electric too

Iran

A lot of people are still making a decent amount of money from mining.  There are people out there with super cheap electricity in the .01 -.02 range.  I enjoy crypto in general so I would be willing to get paid less to run a mining farm.

This really depends on which GPUs you use and the electricity costs in your country... If you already have the mining hardware and your electricity costs are cheap, then you should mine without second thought - https://bitcoinminingsoftware2019.com/bitcoin-mining-hardware-comparison/

It is the project that you believe in based on your own research. It is best to focus on mining coins that you have done research on. For either future profit or simply to support the project.  

Since recently the market is stable, so Altcoin mining is profitable.

But if you are wondering what I am mining it would be Historia coin. Here is the link to on how to start mining it. I simply love what the team is trying to build.

How to mine for Historia (http://blog.historia.network/?p=27745)

And IOTW (HK Bases IoT project), you can download their testnet app and add your devices to mine, very simple, for now I can only mine 12 IOTW everyday, with only one device added, while they will support adding more devices, like AC, TV, PC etc, then it will be a great profit

Why we can expect profits from mining if Bitcoin price is goes down under $3500?
Would you please explain it with some information?
Thanks in advance for your attention.

Thats not what he said...he said we CAN'T expect profit if bitcoin goes below $3500,
and not that we CAN expect it as you suggest

Many miners are ready to mine even in the short-term loss in anticipation of a bitcoin halving.
Bitcoin is growing and those who previously shut down their farms restart them. We see the evident in the hashrate growth.
So yes we are still in the game.

It seems to me that it is still too early to increase profitability. Not everyone has sold their farms. Need another year of low profit!

This is a cycle: when there are more miners, there will be less mines. When there are less miners, there will be more of them.
Halving is probably the only thing that awaits in the future for miners

Your response has nothing in common with my post, though

It is impossible to knock out all the players from this glade, as it seems to me. Already half have sold their mining farms or turned them off. But those who survived will receive a huge profit on the growth of the market which should be very soon.

I guess it depends a lot on the energy price and/or the energy source. Hashrate is here and growing in most cases, so the miners that closed shop are small miners that didn't account for power bill on their initial investment.
Most larger mines work on renewable energy...

Now some money can be earned on non-top coins (AION, Vertcoin and etc) But in the future the situation will be worse.
Small miners are removed from the game. Not so long ago, Bitmain said that 200k miners would be placed in China. This will cause some miners to stop Bitcoin mining and switch to other coins. Guess where will they go?

mining is not profitable. Is it worth keeping them on for 40$ a month?? let's say 100$ a month?? I don't think so. So better to turn them off.

I think for Bitmain it will be a problem. Since the state committee on development and reform of China is going to ban the extraction of bitcoins in the country. The project was submitted for public discussion, which will last until May 7. If the mining ban is not rejected, it will take effect immediately after the publication of the document. In addition, where will the miners go when ETH goes to the POS. My opinion to the end of mining, it is now relevant to lease their power to perform complex tasks, for example, a graphic studio.

Right! I've heard that news too with regards to the plan of a mining ban in China and if it is implemented soon, then I think it could reduce mining competition among miners which might lead to more profits among them. Imho.

Mining always profitable just don't mine btc and eth at the moment. There are lots of high return mineable coins out there. Just DYOR

In my opinion, if we are going to mine coins, we must first select the coins that will be in the mine, because right now not all those in the mine can bring profit as before, we must choose the coins that will be in the mine.

That's why currently I'm giving attention into Bitcoin most. Cause nowadays mining is not so much worth.     

If you`ll try to think wider, you can understand, that mining and convert to BTC can be more profitable then just buying BTC. Also, if you have rigs - if you sell them now - you cant get much money. And while they are mining, they makes everyday profit. But you can sit and wait profit.

People complain too much and don't do anything to change the situation... research, read, try to think about it .... one of the tricks is to choose the right coins to mine
other trick is to do your power calculations since the start and choose the best option
and you can also accumulate coin to sell during the next bull run...
so, people, please stop complaining because mining is defective and it doesn't bring profit.... a lot of miners are still at work, hashrate is growing.... so maybe mining is not the problem and you are?

Depends on individual capability, mining could be profitable if you know the right coin you want to mining to bring you profit, then consider your electricity supply, someone mentioned above to calculate your power supply, this is very important because mining will not be possible without power and if you are spending on power than necessary is not good, so better to take note of this very important aspect, otherwise mining won't be that profitable.

This is a game for months or years not day by day. go in and one day you will have your money doubled 5 times

Yes, I agree. First of all, you need to choose the coin that you need to farm - there are many services to check the hashrate.
Well, if you connect a farm for mining - if we are talking about several farms - you can do this not directly to the electric meter, but directly to the wires

probably there is a change in their operations or they just did some upgrade.
Anyway as for bitcoin mining, the competition increases as many miners join the fight so it is also a battle of resources.
The more you develop in the industry, the more you avoid getting trampled upon, and the more you gain. survival of the fittest really do matter here where small miners get thrown out.

If your country has a cheap electricity i say its a big yes and look for some great altcoins to mine ;)

This is true when you consider this:
Thus, the choice of coins for mining is not the only thing that needs to be done for success. Something to accumulate, others to sell immediately.

I don't think mining ethereum, bitcoin will bring you any profit if you don't have very cheap electric.

But, if you can find a new promising coin, and just start mining at before it becomes something big, that can bring you good money.

Right! I do think most miners see their mining activity as a long term investment considering we have suffered a long crypto winter that hopefully will have a reversal on an impending bullish trend which could greatly give them very good profits if they chose to hold their coins for a little longer.

Electricity is not the only cost factor when factoring in overall profitability. Wear and tare on your hardware is also important. If you mine day and night, you will have to replace you hardware after some time.

I think if anyone have free electricity then mining is profitable for them. Cause for mining we need so much electricity which is very worth for some persons.

I think that the profitability of mining depends on how low your electric power costs are and how large your scale is. If you have cheap electricity, then you have a chance to mine with a profit.

Mining is in cold climates is more ok because the power consumption is lower but if you're in a hot country its better to stop mining coz of high electricity consumption. I advice for now is buy and hodl the top leading coins and then wait for bull run

If the sources are reliable new mining farms  are under building in China and Canada, so I would think they expect the mining to be profitable againg. With BTC price over $6k they will be for sure.

Mining of cryptocurrencies these days is quite difficult and the worst part of it is the current bear market that we are experiencing. Currently looking at the expenses involved in setting up a mining rig and the little coins that you would be generating because of the increased in difficulty and pools of mining across the globe the little coins that you get is not enough money also due to the nature of the market.

At actual price levels mining with Rx 570/580 series with an energy cost of 0.07 dollar kilowatt is profitable, very little but it is and as long as is profitable why not mine ?

The market began to signal a recovery. Therefore, I think that soon the situation with the profitability of mining will change for the better.

AS OF TODAY 8:30 AM 4/13/19: If you mine and can hold even at 12 cents its better than buying IMO  You have the equipment already makes no sense to turn it off since you own it already.

230 Hash at 1000 Watts (if you have proper mods)


USD$

Electric Cost    Profit     Cost    Monthly
.12 Cents        .08        2.88      1.60
.11 Cents        .32        2.64      9.60
.10 Cents        .56        2.40     16.80
.09 Cents        .80        2.16     24.00
.08 Cents      1.04        1.92      31.20
.07 Cents      1.28        1.68     38.40
.06 Cents      1.52        1.44     45.60
.05 Cents      1.76        1.20     52.80

As far as I know it depends what altcoin you mined. It depends too with the algorithm and what miner tool you use .
Cause as you know mining coin it's totally depend with that coin you mined and with high volatility of crypto market, I think it's quite tricky to find good coin to mined and get some profit from there.
Veil maybe can be good choice to mine, I'm not a miner but you can take a look about Veil project to make sure.

it all depends on the future of the future of cryptocurrency if in the future the price of cryptocurrency will rise or become expensive then the mining that we do will be very profitable but if the price continues to fall then it will not even get profit. in addition there are also factors that affect the results of mining, namely software and hardware such as a qualified GPU and others

Yes, you can still mine at a profit. Simply buy the most expensive gpu's you can find, move to a country where electricity is inexpensive and you're good to go. That wasn't so hard was it.

for now mining can still provide benefits, provided we can minimize the cost of electricity payments. change free. let's find that way

If you're going to mine crypto, mine crypto. Doesn't matter if it is profitable or not (on a daily, weekly, monthly basis). You either believe in the space long-term, or you do not.  ::) ::) ::)

The question how long we will get our ROI and remember there was a lot of various things can happen to reduce our profit just like when there will be more miners interested join in the mining and that makes difficulty gets increase quickly. mining is not so easy just like you want to get a coin from block reward.

ROI doesn't even enter into the equation for me. I never even think about it. And with 30 gpu's, you can do that. Hold onto your mined coins or trade them for what you believe in long-term. Pay your electricity costs without selling any of your mined coins. A large scale farm isn't going to have the ability to do that in most cases, but a small home mining operation can.

I am one of the early believers and I have mined from a lot of time and still continue to do so, my advice was for people who ask about mining and are thinking to enter this area.

Mining is profitable you just have to know what to mine and be flexible to switch when need be.  Definately harder in bear markets, if/when markets turn it's a ton easier to profit daily but profit is still there to be had for sure.

Other than opening week on raven and beam then grin I've mined ETH.  It's always been decent and i believe in the long term of it.  I had to first week mine those said coins to sell asap and make 10x what I would of on ETH tho  :P

Lond time ago i am sure mining was the best and easy way to make lot money , don't know how it works today, but mining today you have to have good computer and electricity not expencive like in many country

Now mining is not very profitable compared to a year earlier. I hope that those times will come back when the equipment can be paid back in 2-3 months.

In China it is the season of the monsoons  and lot of the miners installing their RIGs close to the hydroelectric power plants  where they can get cheaper electricity  and insuring higher profit.

Sure years ago it was way better but who knows what the future markets hold for us, if you have gear that's been roi'd already its definately making profit if you know what you are doing and have some of the newer gear, talking GPU's, asics you need to roi quick because they become doorsteps real quick and once they are trumped by newer gear they are as good as dead unless you have free electric.

According to me it’s good to buy some good coins than mine coin. Cause I've heard that currently mining is so hard and also very costly. So I decided that I will buy some coin.

If it's a choice between the 2 I think that is the right move.

Mining is still profit for those using the high end equipments. Most times when people complain about mining being difficult I wonder; does it mean trading is that expensive? If you don't have the right tools forget mining and buy good coins that's the truth about it.

As for me - it`s the best time to begin or grew up with used GPUs. They are really cheap and there lot of them at the market. If you well skilled in IT - it can become easy money.

It all depends on the power. Let us say, news reached me that the President of Belarus would take a whole territory near the Nuclear Power Plant. Which of course will be profitable. After all, the energy extracted in this way is much cheaper. And they have outlived their small farms. Only on the enthusiasm.

I think if one of us gets free electricity, like me, for example-small farm work on the sun power, then it’s necessary that if the market drops twice, then it will still be profitable for me to mine.

Yeah, that is both simple and a good advice, since nobody wants to focus all his / her energy on a single endeavor such as mining to gain profit only to find out that its not as profitable as what it seemed. Conversely, investing a good coin would even surpass mining profits once that coin reach ATH but then again we should do research first before jumping on any endeavor because both are  risk taking activities.Imho.

Depends on your electricity price and a bit of luck. If you don't go to mine the mature coins you can try to mine some altcoins... maybe you are mining a future gem. if you are only mine to sell in an instant you have to try it by yourself. mine a day and check your return vs your electricity costs.

Nobody would know for sure what cryptocurrencies would be a future gem. If you pick the wrong ones, you might just end up wasting your time, electricity and hardware on a dead duck.

In my case, mining is profitable only because I pay an average price for electricity.
That is, I am engaged in mining or not - I pay the same price,so I earn a little...if I paid separately for electricity for mining, then I would have a solid loss.

Well, profitable alts are not always available, but appears from time to time. I remember a time when LTC mining was extremely profitable, then NLG...MNX.. and recent  GRIN, I say this from my experience. With all these alts all emerging  literally from the air the  experienced miner knows how to... sniff the wind.

There was about only about a month when i mined ETH. There are always any shitcoin, that possible to mine with a higher profit. The best i remember was XSH, that i mined with just 1 rig at the start about a day. And just forgot to sell it until it`s huge pump.

In the bull market everything looks fine, everyone is happy because profit is everywhere. At mid 2018 mining was already tending to loss,when the price was still above $6k. Some miners were able to build a better power supply from profit in the bull which reduce the running cost of mining. At a point no one was getting any profit even with all means of re-mediating the cost of production. All tools were sold out of frustration but I know thing will get better soon

Miners did experienced a setback especially during the crypto winter of 2018 but some of them who have long term investment strategies often consider it to be still profitable and I think that perception would materialize and will be proven once we enter a bullish period again.                                                                    

Mining is not profitable at all, have actually stoped cos I noticed it ain't worth it any more. The last drop in Bitcoin has contributed enormously to the factor affecting mining

What are you talking about, Bitcoin went up from about $4000 to over $5000, and is currently priced at $5255. So no drop, it's actually rising. Some coins are still profitable, depends on your hardware.

That's right and that's why so many big mining companies are closed their service. remember they buy GPU when it reaches expensive price and the price of crypto was dropping before they can even get their ROI.
this time how profitable your mining depends on your hashrate.

Mining is definitely still profitable. Just like any investment opportunity, having good strategic plans help you know how long to invest and earn good amount of profit. Mining is a long term something. You will not making profits after just a week of setting up a mining rig. It is a long term avenue. You just need to understand and invest in it as a long term project.

Minning bitcoin and major Alt coin is not as profitable as it used to be agaun. To make good profit from minning its advisable that you go into minning of undervalued tokens. You can mine a large chunk of it and sell when the price rises

Now mining has ceased to bring a decent profit due to the fall of the market and the fact that video cards lose the competition to ASIC devices.
I'm just tired of switching from one algorithm to another.If in the near future there will be no prerequisites for the growth of the market-I'll just sell my graphics cards.

Of course, the undervalued token is good for mining but whether it will be helpful to make a good amount of money or not we have to find out because without potential activity and developments from the team will lead to waste of time.

There's your problem and you don't even recognize it.  You waste your time with ass coins chasing a 2% increase in profit not knowing selling it and buying something else erases all your profits.  I have been mining ETH since it's been out.  Other that 2-3 times i jumped off to new coins for a week like ZEC / GRIN / BEAM to capitalize on the supply demand I have been mining ETH.  It's always been profitable for me short of a couple of months where i powered through in 2018.  Before you all tell me that's not possible, i'm not an idiot, in fact i'm pretty competent in what I do.  I know down to the penny each week what I do and where I am at.

Decent profit pisses me off too.  If you are walking down the street and you see a dollar on the ground i'm 100% sure you would pick that up.  OMG im not making 8$ per rig anymore this sucks!  Suck it up and ride the wave upward or turn all your crap off and sell it.  There are your options.

mining right now is fortunate because crypto currencies are still valuable and even crypto currencies are currently experiencing price increases a few weeks ago.
bitcoin often experiences price increases, I think the miners will get a very large profit, therefore for those who have not mined they are better off mining the crypto currency from now on.

People (specialists) that can build and rebuild mining hardware will have more income dealing with mining. The rest of the guys (at least, the majority) should better trade and invest in the top cryptocurrencies.

Maybe most miners used to have very good profits before that when the crypto winter occurred last 2018, they forgot to recognized that a dollar is still a profit and that anything net of the gross operating cost would still be a profit. If mining is not profitable, then most miners would have left off and this would result in a dramatic decrease of hash rate and could therefore invite network attacks but that hasn't been the case so far. Imho.

For a new people that build mining and they can't compete with the old miners who was having a lot of mining rigs or even mining company, they got and build a new mining rig anytime while a new one can't do that caused by the limitation of their financial.

When doing mining you really need to co sider everything, location, which coin do you use to mine, and rigs that works to mine that coin. Well if those three is on your side maybe mining is profitable but there is a high chance that mining is not really give profit. Market is real on bad trent plus bills. So I came up on conclusion that the coins being mine is just to pay your bills and nothing for your savings

There is no hope as it stands, but as it goes, we are at april 2019, accumulating phase started already and that will keep making bitcoin, ethereum and co to rise, so anything you mine right now should be to hold and sell when you think you got enough profit out of it, most miners are still paying to mine right now.

I see that the current condition of Bitcoin continues to rise and mining is also one of the good ideas for making a profit. agree, the miners will get a big profit if they mine coins at this time and besides mining to be a trader can also make extra money.

They say that throughout the year 2019 we will observe a smooth increase in the cost of Bitcoin and other cryptocurrencies. This is very good. Of course you want to see the pump when prices soar tenfold, but smooth growth is also a good option. I think mining in 2019 will be profitable.

Yes it still profitable but if you want to double you earnings try to invest at the same but choose wisely and if not maybe you lose your money.

You must do a lot of observations before you can determine that will be profitable or not for you. It's not about to mine coin and then sell them all when the market gets another big bubble. your power, electricity cost, maintenance and many more need to be considered before you can determine how profitable it was.

If mining has no profit why people still are mining coins and what if everyone stop mining ?

Depending in which country you are if we consider only the price of electricity mining  is probably profitable,    but if we take amortization of  the hardware into consideration it is questionable at these prices.

Please note that bitmain began to make a profit. If such a giant company in mine industry has gradually stabilized its economic state, then the market has really turned around.

I also thought about it. It seems that the market has really turned around and slowly begins to gain momentum. I hope that soon there will be a pump and prices will increase. Accordingly, mining will become a highly profitable business.

And I thought that Bitmain has real problems. Many employees were dismissed, unsuccessful IPO, used Bitmain miners are sold in China for very cheap price (about 1/10 from the original price?)  ::).

Mining has still profit, but this time everyone will not be able to make the profit by mining! And sometimes profits based on the country. Like if your country has a low fee for the electricity then that will be a big opportunity for you in mining! After the Bitcoin price crash under 6K USD, most of the miners are not in the profit zone and as you mentioned many miners end their career in mining. So, if you want to start now, you have to think in many ways before taking the final decision.

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

I think this is one of my quotes. I'm pretty sure. Internet Plagiarism or adept follower? hehe

I was right. Google can find anything today.


March 02, 2019, 03:18:08 PM

Why people are still doing if it's not profitable. But I'm afraid to get into this business because of electricity charges.
a really risky job. I would like to do mining and I will ask help my friends for this   :)

on some low cap shitcoins a $1200 worth of buy can drive the price a bit up, it is better to just mine and put a low ball buy order for rage quitters hehe and since we are already in the lows a x2 is a good probabilty so 1000 x2 is $2000 a $800 profit, that is if you are already happy at x2 and when you are into a really good shitcoin you might hit x10, now that's $8000

XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000  ;D

People have been banned for less on the "meta" sub forum here. It's probably worth a report if the person is trying to make money using your content. But that is up to you.

And yes, google can find anything, but they still think i'm a bot and keep asking me to do captchas. FFS

This is only beneficial if there is free electricity.

When I talked that, eth was around $120, now is $170, that is 40% profit in less than 60 days, when mining would ever give 40% profit in less than 60 days? See that is I always say that mining is only profitable when the roi is less than 100 days or so.


Oh yes for much less, well maybe that user has no understanding of what a quote is. So I let it go. Funny the chinese have been doing that for centuries and regulations and other things haven't stopped them for doing that, they have been stealing intellectual property as far as I can remember.

at less than 100 days ROI - that's where miners should sell their coins being mined and/or previously mined coins or they could gamble and wait a little bit more if they think it will still go up.

some miners are counting days and weeks, some are counting months, some are counting years...but still they can change their minds anytime and dump the coins.

Stop being sad. I hope that the times will come when the farms will pay off as before for 3-4 months. You just need to wait

Lol it’s never gonna happen  ;D
Cause mining is quite very profitable for some persons and they will do mine in upcoming days. My some friends said that they will mine coins now and then.

That's just greedy.  While it can happen I would rather it not because that will bring a flood of assholes back in and bitmain churning out 100K asics a month.

people are mining because they get profit ,if they don't  get profit why they still invest in mining.but number of miners decreases as it has become costly .electricity bill is one of the reason behind it.if in your area  price per unit electricity is low then it is still very profitable.so take your decision wisely.

Mining is not for everyone, electricity is too expencive and also to buy all hard you need for mining is expencive too, can't be like this need new way of mining.

]]It depend on the place you are living, mining is still profitable if you have access to cheap electricity, this is where the margin of profit is, people mining coins like Grin and Beam now IMO are looking down the line, mid term investment rather than short term profit.

Now investing in mining is quite risky. High volatility and forks only exacerbate the situation.
On the other hand, the decline in prices should end with another rise (and perhaps it has already begun), at which prices for video cards will rise even higher. and then it's better to start mining today to get ahead of competitors who will begin to enter the market at the growth stage  ;)
P.S. >> and it's just fun to do  8)

I`ve mined xsh then it cost was about 3 sat and reward was 4k. When i sold it - reward was 125 and sell price about 2-3k sat, if i remember correctly. In that way one day mining made me profit about 150% of equipment cost. Was it good ROI or bad? It was possible because i`d just forgotten about it.
And one more moment. If you`re winning in trading, someone another is losing.

That is not always the case though. Cheap electricity is important of course, but if you can get into mining a fresh new coin at an early stage before the difficulty rises to much then you can make lots of money.

And that's true. That's why I have sold all of my mining rig last year. It's not worth to mining with the current difficulty. As a small miners and we will be the party that gets very big impact caused by the bearish market.
Buy is much better rather than mining but I would like to use staking or masternode instead mining the crypto directly.

You will not see not even a x2 on current prices for this year. Where do you get your info from??? From Lola the Witch??

Come on, stop spreading this lies. This market is just dying. Imagine, yesterday, almost all bloggers were saying that BTC is super bullish right now. 5% drop today. Come on................

The truth of the matter is:
Bitcoin mining has become from a bunch of early aficionados into a cabin industry, into a specific modern dimension adventure. The pain free income was scooped out quite a while back and what remains is covered under what might be compared to huge amounts of hard shake.

Just those with specific, powerful equipments  can gainfully extricate bitcoins these days. While mining is still in fact feasible for anybody, those with underpowered setups will discover more cash is spent on power than is produced through mining.

At the end of the day, mining won't be gainful at a little scale except if you approach free or extremely cheap electriciy.