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Title: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Digital Drug Lord on January 29, 2018, 03:32:52 PM Yet they still want $700 for one at the store?
Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Juggar on January 29, 2018, 03:42:51 PM Yet they still want $700 for one at the store? Why are your questions always... like this. I feel like you belong on Reddit. No Offense. Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Vann on January 29, 2018, 03:49:52 PM $3 a day dosen't sound bad. If you would have been mining toward the end of 2014 when BTC crashed to $200 and ASIC's and multi-pools crushed most coins, you would have been lucky to make 30 cents a day after power. Another thing is your profitability is based on when you sell, not when you mine.
As long as people keep overpaying for cards, retailers will continue marking them up. Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: gotminer on January 29, 2018, 04:26:27 PM Another thing is your profitability is based on when you sell, not when you mine. As long as people keep overpaying for cards, retailers will continue marking them up. Exactly. You shouldn't be converting to fiat daily right now, in my opinion. Could go either way, but if you didn't believe that the coin you are mining isn't going to go up in the future, you probably wouldn't be mining it to begin with, right? Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Vann on January 29, 2018, 04:44:21 PM Absolutely! If you are looking to accumulate coins, the best time to mine is when profitability is low. The difficulty will be much lower and you can accumulate many more coins than when the profitability is high and everyone is mining it. Just look at those that were mining ETH back in Nov-Dec 2016 when it was ~$10 and a 6-card rig was able to mine several coins a week.
Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Digital Drug Lord on January 29, 2018, 04:45:22 PM Another thing is your profitability is based on when you sell, not when you mine. As long as people keep overpaying for cards, retailers will continue marking them up. Exactly. You shouldn't be converting to fiat daily right now, in my opinion. Could go either way, but if you didn't believe that the coin you are mining isn't going to go up in the future, you probably wouldn't be mining it to begin with, right? Yeah your right I guess with my 1 1070 the only thing I could do is mine for the future... I'm mining some coins that are cheap in hopes of it going up in the future. Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: adaseb on January 29, 2018, 08:21:14 PM Back in January 2014... my 280X was making $6/day.
In Febraury 2014... my 280X was making $3/day In March $1.5 In April $0.75 In June $0.50 In January 2015 ... About $0.25/day So if you think $3 is bad... Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: antantti on January 29, 2018, 11:24:58 PM Back in January 2014... my 280X was making $6/day. In Febraury 2014... my 280X was making $3/day In March $1.5 In April $0.75 In June $0.50 In January 2015 ... About $0.25/day January 2018 $4.70/day... ;D edit: ROI in 3-4 weeks, just like exactly two years ago. edit2: and sorry for OT Title: Re: All of a sudden my 1070 went from making me $5 a day to barley $3 Post by: Bankincoins on January 30, 2018, 12:29:18 AM Because there is a gpu mining craze and tons of other people are building and running rigs.
Maybe actually do some research...? |