Bitcoin Forum

Hi!

Someone has this antminer for Ethereum or not yet? Do you expect it to have any impact on the Ethereum mining difficulty?

Bitmain said they will deliver the first machines in July, but I don't think they will make any difference. It is not so profitable to mine right now

But still, they are cheaper than a mining rig composed of graphics cards.

The first batch for $800 was cheaper. At the current price it's close enough to a GPU rig that it doesn't seem to be worth it.

First deliveries should start July 16.

They are not cheaper, at least not if you count shipping and import fees and you live in the US. I only say US cause that is where I did the calculations.

You can easily find cards that for $260-$275 today.

6 x $275 = $1650 + $400 for other parts

That is about $100 less cost of the asic with PSU + shipping + import fees.

Benefits of the gpus... more algos, more fun
Benefits of the asic... Uses slightly less electricity, less hassle

I'm not saying one is better than the other, however if GPUs drop by 10-20% next month like everyone is saying... GPUs will be the clear choice.

Yeah, first batch was cheap and at the moment mining with it was dramatically profitable compared to gpu mining.
Even if it is a very little bit profitable than gpu, my vote for gpu mining in anyway. I have bad history with asics, they damage easily. GPU's work very well and are easy to sell after use in mining. Also for example if you buy GTX 1080ti, you have possible chance of great roi. For example this winter it could return invested money in two month if you would mine on nicehash or on other coins.

I share your opinion on GPU matter, however there is one thing that interest me. How did you come to conclusion that roi for 1080ti would be two month? I don't know where you live, and maybe price of 1080ti in your country is lower than in mine, but here I would need around two years for roi. NH shows average profitability of 1080ti with $0.05 KW/h to be around $48, so two months for roi is insane conclusion. Or maybe you thought two years?

No, these GPUs are very expensive everywhere because everyone knows taste of mining. I don't directly predict that you'll roi will be two month, I just took example from this winter. I was checking regularly rois of different gpus, both on nicehash and on whattomine. And for more than one week GTX 1080ti had 2 month ROI with 0.07$ electricity. So for this reason there is chance that it will happen again, there is no nees to depens on ether only. On gpu you can turn in another coin and make process more profitable.

Where are you getting a two-year break even period for a 1080Ti? The cards now commonly go for around $700 (they're even in the Nvidia store for that price right this moment), and with that price I figure you break even in 14 months, which isn't close to two years. I know they only ship to Canada, the US and its territories, but prices shouldn't be a lot higher than that right now for the card.

Prices are supposedly going to drop further sometime next month or so, so at the very least you might get down to the $700 that most people are paying right now or lower.

Here in the Netherlands a 1080 Ti on our Graiglist still does between 750 and 900 US Dollar ( second hand )
In shops the price is dropping, but not as much as on the other side of the ocean, still about 850 to 950 for a nice 1080 Ti. ( it could be that Turbo's are cheaper, but I prefer at least 2 fans and even better 3 :)

If you are looking into ROI you should also consider the residiaul value of the GPU when its time to sell it.

Basically Nvidia GPUs are very easy to sell and they fetch a pretty price even for a used one. However the flagship models like the 1080Ti they usually depreciate at a higher rate than the mid-tier cards like the 1070. Reason being is that most gamers prefer the mid tiered cards and there is a huge demand for them at the gamer market.

Basically the best GPU right now to buy for ETH mining would be the 570 4gb, however checking my local stores and Newegg, they are still overpriced or out of stock. Its not worth buying a 1080Ti if you are planning on mining ETH with it. IT was very good on Equihash but thanks to Bitmain that was ruined for many.

In my country prices are insane, so for 1080ti you would pay from $900-1200. Now I think you can understand why I said around two years for roi. I guess this is a surprising for you, and its so frustrating for me because beside a bit of mining I enjoy playing games, and having good GPU is costy for me. I had to pay around 500 euros for G1 1070 card for my desktop last year, and even that was bought by my friend from other country. It would be hard if I wanted to import several 1080ti over border don't you think.  ;)