interesting opinions.

I suppose everyone is paying bills right?? do you allow yourself to pay from your bank account what should have been paid by the machines??? i haven't gotten to that extreme of idiocy, sorry for that.

ahh ok, so you are mining and not selling. So actually every month you get nothing in return but to pay electricity on your own. So every month you actually lose money in favour of crypto. Ohh this soldiers of crypto, how hard it is to deal with your statements....... 

how many of you already know that ETH will enter PoS at current mining rates before 4 months from now?? Do you have an idea of what you are going to mine instead??? I guess not. If instant profit is not your ideal situation, then you can afford losing money all the way till the moment comes when you can sell (if it comes).

And what about the reason to hold considering that cryptocurrency will turn to green??? Any argument not risible?? I mean...i don't consider blind faith as an argument, but it seems the top trending topic here. You should believe because i do it (said god) Nice!!! and if you don't consider it, you are mad.

And what about talking about future profit?? future profit? who TF can tell you right now this is gonna end well??? i guess the world is full of stupids ( a large amount of them are still mining at the moment). It's just a matter of criterium.
if i have to pay the bill for the machine, well, get the fuck out here, that's not what mining is for. And if that was the case, as someone said, you should better buy the coins instead of mining them.

and while we are talking, everybody here mining ETH is getting less and less money. Since i will not pay your bill (neither will do your rigs at current price), i will cut loses. But you´ll still be paying from your bank account your bills. That's utterly nonsense.

But i guess if at the current state you are still mining, nonsense seems to be the most adecuate word to describe it.

Please, continue posting, 20% loss today on ETH. But hey!! the market will recover , remember!!! No reason why, money rises in the trees!!!!

4000 now is cheap?` It was 7000 in januar

http://cryptomining-blog.com/9529-nvidia-p102-100-crypto-mining-cards-are-coming-to-the-market/

Seems like it should start hitting the market next month. The P102 is optimized for ETH, but what if Bitmain soon releases the much talked about ETH miner?

Word for word that's exactly what I've been telling people. They are selling them at $12k just to dupe a bunch of people before they all become junk worthless inventory since the major coins will change algos. By the time any of them get delivered they'll be completely worthless.

I have yet to "dump" any GPU I have mined with, unless it flat out died.
If I can't mine profitably with them, there's other stuff I can do with them 'till some new coin shows up that IS profitable.

Its simple economics really.  Bitmain may have made 100 000 ASICS, but if the total market is equivalent to 3000 ASICS (lets assume), then all they need to do is calculate how much they can add to the hashrate without dropping profitability too much relative to the price of the coin.  So it would be much more profitable to simply gradually add 35% of total hashrate over 2-3 months and mine, and keep adding hashrate as the coin price rises.  After a while you can sell all your machines but the point is at first its more profitable to keep the machines in the boxes.  So perhaps they have been mining for a very long time now, but maybe someone else has made one (hint) and now they feel obligated to sell their used hardware as always.

I didn't take a loan, but I moved almost 2 years ago so I could afford to make mining my "full time job".
It's been worth it and still is at this point - for me.

Your details and preferences may differ.


GPUs don't "go obsolete" in 3 years, even in mining usage - the HD 7870/7950/7970 from *over 5* years ago are still effective profitable miners, and the R9 290 from about 4 years back or so is STILL one of the top Ethereum miners on hashrate (only surpassed reliably by the GTX 1070, GTX 1080ti, Titans of the Pascal generation, Titan V, matched by the R9 390/390x and SOMETIMES topped by Fury and Vega cards).



If your electric cost for a GPU rig is 1/3'd of your gross income from that rig, you have high priced electric by mining standards.

In my opinion you are right. If no one knows about the release of a new ASIC they can mine away crazy amounts without anyone being any wiser. As soon as they mention they are going to sell it, devs will try and fork. I think they had these some time ago but now they know that a new fork is coming they are trying to sell them.

It will be interesting to see if how much hashpower will drop from monero and other popular coins like electroneum once they fork

People keep saying "bitmain mines with them for months before releasing them". In the case of Sia, someone said bitmain "clearly" mined for 45 days before releasing. I was there looking when Sia ASICs came out, I can for sure say that bitmain didn't mine a single day before shipping them, ASIC introduction is obvious in a small coin like Sia.

Now in the case of Monero, the entire network today is equivalent to about 4000 X3s. Clearly there is no room there for bitmain to have been "mining with the X3s for months".

I'm not saying bitmain is not evil, but I'm tired of people accusing them of them stealing babies and killing kitties.

I wish Bitcoin devs had the balls and change PoW also.

This is a dream
Can you imagine BTC mining with GPUs again

In all of this mess, there's only one solution. FORK all motherfucking coins to CPU only! Fuck GPU (leave them to gamers) and FUCK ASIC too (I do own asic but now I hate it). They just screw ppl's life! Those big farmers just sat down with those who want tho regulate crypto as they see the it now as a threat to their fatty giant fucking wallets.

let's make the word out and fucking screw them all!

They're 100% dumb, but I doubt they miscalculated. They have been able to mine YUGE sums of money with these in the last months. They have for sure covered their R&D and production costs on these ASICs. Their cash cow is now dead, so they try pass these on to us.

ASIC companies are absolutely, 100% of the time bad actors. Does that mean you can't make money with some ASICs? No. But when they decide to sell ASICs to the public, they have calculated that they've been milked as much as possible and then throw us the scraps to make even more money off of our backs.

Fuck ASICs, and fuck bitmain in baikal in particular.

Bitmain and baikal knows exactly what they're doing. They got the rug pulled out from under them with the algo change, making their ASICs worthless. All they can do besides recycling them for precious metals is dump them on unsuspecting, uninformed miners. This is 100% a malicious move on both their parts. If the algo switch hadn't been announced, these would still be humming away in their farms making them huge profits.

It's sad that they'll get away with selling some of these to people with more money than brains.

I'm thinking about the sudden hashrate increase in XMR, trying to explain it. It's 5 fold increase in a couple of months.

Is it that every GPU migrated from ETH to XMR? I think this is not likely, seeing ETH hashrate. And GPU supply is limited at the moment. There are not enough GPU in production to justify a 5-fold increase in such a small timeframe. Everybody and their parents started mining on the home rig ? Might be, but still, I don't buy it.

What is somebody is using asics. Perhaps preliminary or private development. Think about the D3 and what it is going to do to X11.

And if this is true, who could this be ? My coins would go with Bitmain.

I know, Cryptonote is supposed to be memory intensive and thus not asic friendly. But, 2MB is not that much and asics with such memory exist. The only risk for such an asic would be the hard forks of monero. They could increase the memory size, or maybe not. Many CPU had 2MB of cache and exceeding that would make CPUs unfit for mining.

So, my guess is that we're going to see an ASIC for Cryptonote really soon. What do you think?

And so it begins! Well it just shows that Baikal and Bitmain have been responsible for the huge difficulty increases

Says who? It all depends on the situation.  I pay 10 cents CAD per kwhr for power.  If I mine smartcash it pays the whole power bill for that card and then some.

Actually ASICs are usually owned by those who treat mining as a business and needs to pay off the rapidly depreciating ASICs. GPUs dont depreciate as much. For example this miner went from $2000 to being worth $0 in 2 months. My GTX 1070s are worth the same or more since I bought the in December and even next year I can sell them for 50% of what I paid and in 2 years I get 25% of what I paid at minimum. ASICs basically destroy not just a coin, but an algo altogether. ASICs also rob miners because they only get shipped when they are no longer profitable, that's why they are never in stock and always future buying but you pay today, so they mine with them in clean rooms and ship them when they are useless  power hogs.