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MicroBT did not screw up by the way. Pangolinminer sold too many and cant get the proper units. There are 2 type os the M10 one is 31 and the other 34 and they cost a little more. Thats the issue. They are trying to cover up their screw up. MicroBT has nothing to do with the mess up.
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if you were lucky enough to get 1070 and 1070 tis before prices went stupid you will be running those for awhile. They run decent and hash great
No one is buying new gear right now. There is so much used stuff out there you'd be nuts to buy new.
I have 12x 1080tis paid off. My power deal is 1/2 the coins. So in effect I have six 1080tis mining on free power. Why grow? Why add? It is about $6 a day with zero risk. I have some l3 + four also paid off. Same power deal so that’s like 2 l3+ with free power. About 2 a day. I have 1 m10 34th also split the coins. So that is 17th for free mining btc. I have 3 s9 costing me 130 about 4 cent power a month. I solo that. Those s9 are paid. So I lose 130 a month if I dont hit a solo block. I am earning 180 with the 1080tis. So profit of 50. Plus about 60 with the l3+ So 110 profit monthly with a shot at a block every 283 months. not much compared to 400 a day last December. Nope BUT better than a loss right buddy! |
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if you were lucky enough to get 1070 and 1070 tis before prices went stupid you will be running those for awhile. They run decent and hash great
No one is buying new gear right now. There is so much used stuff out there you'd be nuts to buy new.
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i have a bunch of rigs and just bought 50 more 8 cards rigs for cheap because I am that confident in crypto. I also just bought 70 more L3 for cheap. Is it a risk, of course it is. I think its a good calculated risk. If you don't that's cool I respect your decision but I ask you to respect mine as well.
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That's not unprecedented at all. 2017 and some of 2018 they always did that. the "golden era" of mining also brought out all the greedy money grubbing bastards. This was standard practice.
It's odd they are trying to hose you now though while its a crappy time in crypto mining profits, but they do have a bunch of your money already so to them it's a perfect time. Try and get your money back I bet you they will not send it. In layman's terms, they have you by the balls.
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My s9's still make money. I just dont think the pay on that S15 is there for the cost. I'd rather just buy 2 S9 at 500 totalish.
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To say goodbye antminer z9 made me laugh about how spoiled z9 owners are.
You haven't felt REAL PAIN as a miner.
Try buying a obelisk dcr1 then come talk to me. That's real pain
Didn't you get a sweet Obelisk batch 1 shirt though?  |
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late 2019 is a long ass time away....... Just sayin
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-knows what he's doing -mines ethereum lol  Not sure why you all laugh, i have 50GH and mine ETH mainly. It's profitable enough to me and the upside imo is better in the future. Is it possible to make more mining something else? Sure, but swapping that many machines, plus fixing issues with swapping because there will be etc is not feasible when you have a crap ton of units. I jump to other coins, like raven for instance when it showed a daily big (10 + more %) increase for a week. Then its worth it. Just because mining ETH is not profitable for you, don't mean it is for the rest. |
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Come to my place i'll give you 75$ a kw if you are over 50kw. Roughly 10 cents |
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Don't get me wrong I agree that profits suck right now, but they are still profits. I have always said, if you have to sell coin now to pay your electric bill then sell your stuff off as you will not make it. If you can hold it, keep on mining.
Totally agree with it! Mining is a different ball game in the crypto world, that miners do not always seek for short-term profits, if you are, you need to go to the crypto exchange and trade them, then you get your returns faster. As a miner, you hold as many coins as possible, when the market is bad, that means good for mining, as you are able to mine more amount of coins or tokens because more ppl are giving up in mining, we get the chance from here... Think differently and you will be profitable when the market comes back, maybe another 1 year or so... That's the plan! Hopefully sooner now that Fidelity Investments started a new crypto branch! |
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Don't get me wrong I agree that profits suck right now, but they are still profits. I have always said, if you have to sell coin now to pay your electric bill then sell your stuff off as you will not make it. If you can hold it, keep on mining.
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Thanks bud! I call that one complete setup a Pod and this warehouse can hold 5. I already started on the second. More pics to come |
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This mean they will implement nothing at all.
Yep I think you are right, well for the near future say 6 months or so. |
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Mining on video cards is currently profitable only with a low price of electricity of about 6-7 cents per kilowatt and below. At the same time, the profit is very small and the number of profitable coins for mining has significantly decreased due to the appearance of many ASICs.
about 12 cents is still profitable on eth on a 470 doing 28 hash. Not sure what you are talking about. spot on! Well I'll tell you now from me mining that i I HAVE NOT LOST $ ANY MONTH during this downturn. If you all have then I don't know what to tell you. Numbers don't lie. Either way, I could give a damn what you all do. I know where my break even is and even if I ever dip a below it my machines stay on, BECAUSE I KNOW prices will rise you just have to be patient. |
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The best thing is to buy coins directly cause it tell us that these coins will have their prices multiplied by many times in the coming months. Do not be surprised if you see eth for $1500 march next year.
This I agree with. If you are not into mining already, take all that $ you were going to spend on a miner and buy coins with it. |
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Mining on video cards is currently profitable only with a low price of electricity of about 6-7 cents per kilowatt and below. At the same time, the profit is very small and the number of profitable coins for mining has significantly decreased due to the appearance of many ASICs.
about 12 cents is still profitable on eth on a 470 doing 28 hash. Not sure what you are talking about. |
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Anytime brother well except for next week, kids bday! Door is always open for ya. |
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Yes it might be profitable at $0.10/kwh but to what extent?
When 80% of all your profit is going to electricity is it really worth mining?
I did the calculation and most have the RX 470/570 which uses like 130 Watts so at $0.10/kwh you make about $0.12/day.
However after fees, bank fees, errors, GPU downtime, etc you probably end up making a nickel per GPU. Is it really worth mining for that much?
this essentially sums it up, & this number will vary for everyone but at some point it simply does not make sense to invest the time and money into mining --- For many it is still a lucrative endeavor, or perhaps speculation mining is allowing you to still do very well --- however the overall bad health of crypto mining profitability cannot be ignored. Are you guys fair weather miners? I'm in it if i'm making 5 cents per card a day because i have FAITH that crypto will emerge stronger in the future. If you have the equipment and you are not mining at even a 1 cent profit i don't get it. I get it at a loss, i guess (even though i still mine at a loss sometimes) but even at a 1 cent profit IF you have the equipment it's worth the risk in my opinion if you have the ability to keep the coin at these prices. If you have to sell it to pay your bills, then I get it i guess, but then you probably should not have been mining in the first place because that's in essence like living check to check. That's my view anyway. PS Solar is retarded. |
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