Anyway, putting aside the playfulness.. Kinda weird that you get fed up by people using the wrong terms/words for something.
If I were to react like that to every mistake/error I see IRL or online.. It would make me sour in the end.
It goes beyond just people using the wrong terms, I think. Words and concepts change over time, but that makes it harder to communicate with each other if we allow people to just do it wrong on purpose and not care. It's probably too late to just be the little boy sticking his finger in the dyke over the meaning of "ROI"... but it still has to be done. It's the same kind of attitude I see online or IRL where people are apathetic and non-principled. Don't get me started on emojis... like I said above in another reply... I may just be getting old and cranky. Whenever someone is saying ROI, you do know what they actually mean, right? Just let it be... Of course everyone knows what they mean. I just don't like getting into the habit of sounding like I don't know what I'm talking about, especially if I'm in front of people that I may hope to do business with in the future. |
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I don't think anyone is dumb, because they never knew the difference. There was a time when I didn't know the difference.
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THANK YOU FOR THIS!!! Glad I'm not the only one that it bugs the hell out of.
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I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.
I'm still as happy as I've always been about gpu mining  |
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Not worth if if at all and here is why. For the same price as a 1080Ti you can straight up buy a years worth of coins mined. Of course don't buy BTC, pick a few alt coins and sit on them for a year. IF you were to mine, in a year you MIGHT break even if you sold all the coins.
I just sold all my cards and kept a single Titan Xp. Got double what I paid for them in May and still have all my coins so when the market recovers in a few years, I'll be ready to cash out.
GPU MINING IS DEAD! Just like in 2013 crash. Until the next coin takes off, the only people are mining would be the ones who are HODLing for years! otherwise you might very well lose money after selling coins every month.
I guess it depends on your age. I'm 33 years old. I prepared to hodl for twenty years, if need be. |
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Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.
You are right. The mining market is very mature now, there are plenty of companies running their mining farms all over the world. The key factors are electricty price and calculate power(equipment). Agree with that. One can keep mining if electricity costs lower then mining return. But buying any new equipment is not a good idea now and may be it's not a time to consider mining as a busines. It is fun that can provide a free pizza. Something like this. There is no where around me that accepts crypto for pizza. |
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Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.
I'm glad I don't have to deal with this level of ignorance and short sightedness at my day job. I'd go crazy ... Lol. I see that you're going crazy. It's good. But what is your point in this discussion? Is it worth to buy new equipment for mining now or not? My point is that I don't agree with your statements. I agree that no one should be over paying for gpu's. I don't agree with your statement about what you call ROI, but is actually called capital recovery. There's no point in trying to calculate it for any reason other than to give yourself a baseline. The market is so volitile that what you say will take 1 year could change to 6 months in four days. Making blanket statements like that isn't useful to anyone new in the space. |
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Maybe if your electricity is free or cheap mining is still worth, but if your electricity cost is expensive is not worth. Remember, a lot of peoples mining and it makes coins difficultly increased and the market condition is not supported now.
I'm glad I don't have to deal with this level of ignorance and short sightedness at my day job. I'd go crazy ... Lol. |
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Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Not gone yet if you don't pay GOUGE pricing and don't have high electric cost. The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two. Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right. Ya kidding me. A'm filling nice too. And I am not changing coins to fiat now for the simple reason. It is not worth it. The revenue is only twice bigger than electricity costs. I bought GPU at one half chipper current prices. And MSRP doesnot mean nothing here. The only matters is ROI. Current ROI - if you bought GPU right now is 3 years. It'is too much apparantly. You're not even using the correct terminology. It's not ROI, it's called capital recovery. And you cannot calculate a capital recovery time frame without a hardware price. Right now is NOT the time to buy gpu's. MSRP does mean something. Most retailers are not going to sell you something below MSRP. |
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Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Not gone yet if you don't pay GOUGE pricing and don't have high electric cost. The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two. Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right. i have a 10 gpu rig and all cards were bought from 15-20% cheaper than MSRP. If you consider actual prices , i saved more than 50% of it's current value for each card. and Still, i almost get any profit noticeable. my gpus are Sapphire rx 580 nitro+ and 570 nitro+ with 8gb, most of them doing 32mh/s with almost no mem errors which gives me 316,4 mh/s combined. and still, not worth at all. I would advice noone to enter mining nowadays. Specially if you have to pay those huge prices for GPU. I wasn't talking about you. I was talking about dimpsk. Throwing numbers around that may be correct today for his specific situation, but could dramatically change with the snap of a finger in either direction. I wouldn't advise anyone to get into mining. Now is not the time to buy gpu's. There are a lot of get rich quick types trying to get into mining right now who don't understand the variables. And then there are a lot of people who think todays math will be the same tomorrow. Not going to happen. Bottom line is that if you're making more than you are paying in electricity, it's still profitable. If you jumped in before doing the proper research and paid way too much for your hardware, that's your own fault. Being "worth" it is subjective. |
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These days, I am looking for the way to do mining by passive way. Anyone have any solution?
Yeah. Automate it. |
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Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins.
Not gone yet if you don't pay GOUGE pricing and don't have high electric cost. The days of 2-3 MONTH ROI however appear to be gone, barring another major price JUMP like a year ago or the introduction of a new coin like ZEC that gets crazy-high priced in it's first week or two. Apparently he wasn't paying attention to MSRP when he built his mining rig and ended up paying too much over. I'm mining with 31 gpu's that were purchased 5%-8% over MSRP, and I'm doing just fine. Not getting the crazy high daily returns that I was in December and Janurary, but that doesn't make it a losing game. Especially for someone like me who is not cashing out into fiat. I've yet to sell any crypto for fiat that I've ever mined and have no plans to until the time is right. |
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GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.
Nope. The days of 1 year ROI on GPU are gone. Also there is no magic coins. Now ROI is 2 years if your electricity is free and 3 years if not. Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block. That's it. No matter like you it or not. You really have no idea what you are talking about. Your ignorance is quite comical though. |
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Mined coin - hardware and electricity cost = mining profit
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Very Many people do not want to depend on work and work even on bitcoins, but for some reason many do not dare.
What does that even mean? You make zero sense. |
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GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.
I bought GPU when ROI was 10-12 monthes. Now it is about 2.5 years. So I don't buy more because I can count. So it's a waiting game as always. Not really. Sell your older gpu's (if they're that bad) and buy the ones that give the best hash rate when they come out. I'd rather be holding as much crypto as I can right now, in anticipation of a price increase. Might happen this year, next year, five years from now, who knows. Might never happen. Know the risks before you start playing the game. Has nothing to do with being able to count. Your capital recovery time frame could be reduced in half or less than half in a matter of days, weeks, months. Wouldn't be the first time. I personally want to be holding as much crypto as I can. |
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I too bought BTC when it was at peak and now regretting my move. How much did your friend invest? If he hasn't invested a lot, he should probably just sell his investment whenever the market recovers a bit and then use that money to invest in some ICOs. ICOs can give way more returns than BTC and I am sure that he would be able to make up for the losses he got during this period.
You're telling a noob investor who knows nothing about btc to invest in ICO's? Fabulous ... Lol. |
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this is the btc section op post should be in alt coin.
profits are down.
2 months ago profits were high.
it is like the tide it rises and lowers in cycles.
I have 24 1080ti's I liked it more when they were paying 6,7,8 a card.
But at 2 a card it is more then the power it costs.
24 cards sounds serious, unfortunately i dont have the time or the nerves to invest in such a build, what if i made such a build then nowadays earnings dropped to just 3$/day, then am in a deep sh*t  Over here in the UAE the maximum cost for power is 0.082 kWh, not cheap but i guess manageable, making 90$/mo and paying only 14$ for electricity is no big deal for me, am just worried BTC prices would go down under 9k/BTC, then that's a disaster !!.... You're doing just fine, if you're not cashing out into fiat. If you hold your crypto until the right time comes around to take some profit, none of this is going to matter. Make your decisions based on what YOU personally believe in. |
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Why is there no sourcecode? I doubt its undetectable and if it is I'm curious how you avoid things like windows defender machine learning heuristics...
Yeah, why no source code? It's basically a RAT. Not basically. That's what it is. Just like back in the day when we were using BackOrifice on Win95. New purpose. |
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