Damn one of my cards is dying out on this new algo, otherwise, the rest of my rx580 are hashing 880h/s with 1140/2200 900 voltage.
I noticed this today ... Kinda strange, not sure what's up with it. Thread 4 and 5 are slightly lower, because that's the card with the dummy hdmi in it, but thread 12 is way lower than normal. Not sure why that is. Something else to note ... With the old version of XMR STAK, I never got much above 11,500 h/s and all cards were looking normal as far as individual hashrate.  |
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XMR-Stak 2.3.0
6 Vega 56's - 11,300 - 11,500 h/s
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the blood bath is going down and down.
i don't see a bright future. rather the contrary.
Anyway, i've already sold 3 of my gpus, and got almost 35% profit over the money that i paid. Continue mining if you want. It's a total waste of time.
You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???
Sorry, that's not my shit. i would never accept that.
Good job for you. The first miner here that open his eyes and realized their are much better investments than mining and also value his time he can spend else for better profits. I'm about to dump my gpus on people like gotminer that thinks mining is still the best investment ever. I do pay 25 cents for electricity so at my rate mining is a total waste. You won't be dumping them on me as I'm not currently purchasing gpu's. Lol ... Never said it was the best investment ever, so don't start putting words in my month, you fucking degenerate.  My mining farm is a small portion of my crypto related investments. P.S. My electricity is more than 3 times cheaper than yours ... LOL |
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You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???
If that's what it takes, sure. I never expected anything in crypto to be a overnight, short-term thing. I'm not only looking a year down the road. I'm looking 10-15-20 years down the road as well. |
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If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com. Mining doesnot worth it so there is no need for new facility  Learn to speak English. Doesnot matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  Not really imaginary. If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60. My electricity for the month was around $400. Now go IMAGINE that you grew a brain. Your imagination is really great especially for those who can count $0.4 per day profit from one GPU NVIDIA 1070 for example I can't figure you out. You've either never mined before and are just comparing current daily profit with overpriced gpu's (which I never bought, by the way) or you tried mining and got burnt by over paying for gpu's, and now you're hopeless. To be honest the latter is just about the same as the crowd who straight up purchased btc with fiat at it's ATH in December. All of those guys are salty too. Lol. My mining farm is doiфыеng just fine, but thanks for the concern. The math that you're calculating isn't set in stone. It's a variable that changes very frequently. Exactly why I provided numbers that were over the course of an entire month. From the way that you talk, I don't think you've been around very long, so I can understand your point of view. If I were looking to get into gpu mining right now or any time in the past few months, I wouldn't do it. The reason that I have the opinion that I do is because if you would have purchased reasonably priced gpu's last year and rode the upturn of the market for a while, you would feel much better about the situation. I'm mining, I'm trading, I'm buying just to hold ... Adjust your strategy and portfolio based on what is best for you. Or if you don't believe in crypto, get the fuck out, and go trade something else. Not sure what else to tell you. I have a real good farm, i have a calculator and I can count in contrast to you. The eastimation is connected to ETH mining (most profitable now and could be verificated easily) You must be farming corn and potatoes. |
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Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.
By the look at the current price movement, I think you'll be waiting a more longer. Holding and waiting for the price to get back are for those who big investment, with the bloody market right now and we still don't know when it'll end, I think OP is making a good decision. Agreed with. Money should be counted. OP already turn back on his Rigs, I guess he still survive despite of blood bath I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.
Lol ... And the market is worse now than it was when he turned them off. |
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If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com. Mining doesnot worth it so there is no need for new facility Learn to speak English. Doesnot matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore Not really imaginary. If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60. My electricity for the month was around $400. Now go IMAGINE that you grew a brain. Your imagination is really great especially for those who can count $0.4 per day profit from one GPU NVIDIA 1070 for example I can't figure you out. You've either never mined before and are just comparing current daily profit with overpriced gpu's (which I never bought, by the way) or you tried mining and got burnt by over paying for gpu's, and now you're hopeless. To be honest the latter is just about the same as the crowd who straight up purchased btc with fiat at it's ATH in December. All of those guys are salty too. Lol. My mining farm is doing just fine, but thanks for the concern. The math that you're calculating isn't set in stone. It's a variable that changes very frequently. Exactly why I provided numbers that were over the course of an entire month. From the way that you talk, I don't think you've been around very long, so I can understand your point of view. If I were looking to get into gpu mining right now or any time in the past few months, I wouldn't do it. The reason that I have the opinion that I do is because if you would have purchased reasonably priced gpu's last year and rode the upturn of the market for a while, you would feel much better about the situation. I'm mining, I'm trading, I'm buying just to hold ... Adjust your strategy and portfolio based on what is best for you. Or if you don't believe in crypto, get the fuck out, and go trade something else. Not sure what else to tell you. |
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Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies
Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not. Minimum wage job? LOL ... I haven't worked a minimum wage job since I was 15 years old. My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live. I also don't spend a lot of time babying my mining farm. It's stable enough that it doesn't require constant babying. However, I do spend a lot of time researching. I would be doing that anyway whether I was mining, trading, or just buying to hold. Mining is not a speculation. It's kinda hobby, time spending, money wasting - you name it. Sure it is. I'm speculating that I will make money when the price of the coin rises. There is no connection in coin price rising and mining. You gain profit if you bought chip coin and sell it after price increased. You gain profit from mining if you sold mined coin, paid electricity bill, recouped you farm and earn somth after that There is a lot of connection, if you're doing it correctly. Coin price rises. More people flock to mining, because they think their going to get rich quick (you probably did that), difficulty goes up as additional hashrate is introduced to the network, you receive less coin for mining, but price has increased, so it evens out. Next coin price drops, you are pissy about mining ... LOL. Also, coin price and mining ... I mine, hold, and sell when coin price is X3. My capital recovery time frame is reduced by a factor of three. You and Digital Drug Lord should go get a room ... HEHE |
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If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com. Mining doesnot worth it so there is no need for new facility Learn to speak English. Doesnot matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore Not really imaginary. If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60. My electricity for the month was around $400. Now go IMAGINE that you grew a brain. |
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If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com. Mining doesnot worth it so there is no need for new facility Learn to speak English. |
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Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies
Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not. Minimum wage job? LOL ... I haven't worked a minimum wage job since I was 15 years old. My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live. I also don't spend a lot of time babying my mining farm. It's stable enough that it doesn't require constant babying. However, I do spend a lot of time researching. I would be doing that anyway whether I was mining, trading, or just buying to hold. Mining is not a speculation. It's kinda hobby, time spending, money wasting - you name it. Sure it is. I'm speculating that I will make money when the price of the coin rises. |
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Mining and holding is a taxable event.
The ONLY way you avoid paying taxes is on a buy and hold. End of story.
And that does you about zero good because sooner or later you sell for a profit ideally. Taxable event.
Selling for a loss decreases taxable liability. But who is in this to sell for a loss?
BUT ... There is a difference between long term capital gains tax and short term capital gains tax. Short term is basically your income tax rate. Long term might be about 10% ish less. Long term rate is on holdings for a year or more. Mining in dire times .. Your hardware costs will offset any taxes that you'll ever pay, depending on the situation. You pay the same tax as you do on your W2 income. Whatever tax bracket you happen to fall into. Mining, i'm just assuming that you were not a moron and started buying hardware at 2X msrp. Otherwise, you're like me ... Don't really give a fuck about the downturn just yet. Pay your expenses out of other income, and keep going. Who the fuck cares? People say, oh I have bills to pay .. Pay them with your fucking real job. And pay for this hobby out of income from your real job. If you can't afford to pay the overhead out of your own pocket, you shouldn't be mining to begin with. |
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Funny post again, The same guy who just 2 3 months ago was wining that he couldn't buy enough GPU. Maybe a little reminder and I know it's hard to get your head around, but listen, the world is bigger then just the US of A.  Realy, it is. In the EU, still possible to buy with Credit Card, the Eu is a bigger market then the USA. Then we have South Korea, Japan, China all of them very strong Crypto countries. Which Tax ? Because you have to pay, why would we, we don't apply to the IRS, so for the most outside the USA, no problem there yet. The world is bigger then the basement you live in m8, and sorry you didn't make enough with your GPU to get out out of there But stop making stupid posts that are full of FUD, because the world is much bigger then the little world you live in. Bullshit it was American investors that pushed the crypto to the 2017 levels Everyone cashed out to avoid the crypto taxes and it caused the crash Where is the rest of the worlds volume? Surely Japan south Korea China and the eu would have enough volume to make up But no, nothing...markets been dead. If we enter a global depression bit coin is going to a Penny Do you realize how dumb you sound? Cashing out to fiat is not a way to avoid tax liability. Converting crypto to crypto or crypto to fiat IS a taxable event, you moron. Buying and holding is NOT a taxable event.  Explain why the stock market is at an all time high and every market globally is up except crypto? Just look at bitcoins chart https://coinmarketcap.com/currencies/bitcoin/#chartsIt's one big pump and dump Bitcoin is going back to it's $500 a coin price range by the end of 2018 I can explain that easily. The price isn't stable enough or low enough to draw in the majority of institutional investors. I see the bottom at 4-5K to be honest. We may continue into this bear market for several months and the price will obviously drop. I would bet everything I own that you won't see $500 BTC in 2018 though. Not to say that I would be upset if it did drop that low though. Would be buying the shit out of it at a discount like that. Stock market at an all time high? The Dow Jones is down over 2K points from it's ATH. Go look at historical stock market data from 1990 to 2008 (when the housing market crashed). Not saying that it hasn't rebounded since then (10 years). But what's your point? By the way, who the fuck cares about price, unless you bought in at the top in December 2017? That's your own mistake. |
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Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies
Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not. Minimum wage job? LOL ... I haven't worked a minimum wage job since I was 15 years old. My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live. I also don't spend a lot of time babying my mining farm. It's stable enough that it doesn't require constant babying. However, I do spend a lot of time researching. I would be doing that anyway whether I was mining, trading, or just buying to hold. |
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No way, it can't die. There will be new coins with new algorithms, like zec. Also you can mine ETH forks.
The issue isn't the lack of coins that can be mined with gpu's. The issue is all of the gpu hashpower that will have to go somewhere and drive difficulty through the roof if something new doesn't replace one of the majors that become unminable via gpu. |
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my 10 gpus are off and have been off for almost two weeks now. I don't regret it even once, because of many reasons.
I'll give you bottom dollar for them. |
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Funny post again, The same guy who just 2 3 months ago was wining that he couldn't buy enough GPU. Maybe a little reminder and I know it's hard to get your head around, but listen, the world is bigger then just the US of A. Realy, it is. In the EU, still possible to buy with Credit Card, the Eu is a bigger market then the USA. Then we have South Korea, Japan, China all of them very strong Crypto countries. Which Tax ? Because you have to pay, why would we, we don't apply to the IRS, so for the most outside the USA, no problem there yet. The world is bigger then the basement you live in m8, and sorry you didn't make enough with your GPU to get out out of there But stop making stupid posts that are full of FUD, because the world is much bigger then the little world you live in. Bullshit it was American investors that pushed the crypto to the 2017 levels Everyone cashed out to avoid the crypto taxes and it caused the crash Where is the rest of the worlds volume? Surely Japan south Korea China and the eu would have enough volume to make up But no, nothing...markets been dead. If we enter a global depression bit coin is going to a Penny Do you realize how dumb you sound? Cashing out to fiat is not a way to avoid tax liability. Converting crypto to crypto or crypto to fiat IS a taxable event, you moron. Buying and holding is NOT a taxable event. |
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Monero fork in ~48 hours, get yer bags ready. what will the fork do ? and is it a chance to earn money? It will render the bitmain asic useless as far as xmr goes, what the fuck do you think?  You will never earn money ... All of your money will come to me. |
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Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong. Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ Shhhhh DONT TELL THEM THE SECRET The secret is, buy an ASIC. Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts). Only thing it has going for it is the LOW PRICE. Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit. What's up with the limit of one per person? It's their latest tactic of trying not to look like complete assholes. So, they privately mine, extract large amounts of value from a coin, sell a bunch of miners, then sell off their coins and crash the price. It keeps the price high during their sales and their units ROI looking great. I know a lot of people speculate about that and I do believe it to be true. I mean, why wouldn't they do it? I think I've come full circle on my opinion of Bitmain at this point ... Really doesn't matter to them if they sell this unit at $800 or $400, because they've already accumulated enough income off of mining with them privately to sell at whatever price they can get. Jihan is a very smart man and I'm sure they carefully calculate the max price they can sell their used hardware at. Getting money out of the used hardware is just the icing on the cake for them, if they have been mining with them for months. You'd be doing it that way too, if it was your business that spent millions in R&D on something like that. Jihan doesn't even care about crypto, from what I've heard. All that I've been hearing as of late is that he is using this as a catalyst into some really scary AI shit. |
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