How come this is profitable even after months of Monero's fork?
etn forked back, it still only makes $150 per month after power roi is like a year, better than gpus but zero resale * edit* spoke too soon, more like $4.95 a day now to $10 so 1.6 year roi |
|
|
|
it does seem the opposite ye, everyone just pushing defense up and securing their own selves :/ it seems people are not versed in game theory, they should do some more research  theres no winner to this i totally agree on eth everyone is so busy either panicking or expanding in w.e they can buy, noone wants to think about ETH : / we cant save mining, Satoshi spoke of this in the beginning and all he suggested was we all "played nice as long as possible" well that time is long gone, greed has taken over. now game theory in Nakomoto Consensus comes into play and everyone except a few will be screwed ProgPoW is nice, but look where it went, nowhere, as theres no $$$ to be made easily there, people would rather focus their energy in things that make $$$ easily in this game during the non digital gold rush the winners sold shovels, everyone else killed eachother and themselves trying to dig faster and faster . this time is the same (your easy to give merit too, as you actually bring info/opinion to this forum ) I still don’t buy all this doom and gloom, yeah its not profitable as it was , thats partly due to the massive pump we had last year. Crypto delights in pump and dump cycles , been this way since 2013 , ppl should be immune to it by now. Before eth came along we were actually in a worse situation, there was nothing to mne at all for gpus , and I mean NOTHING. when I read thier whitepaper I knew it would be good to mine so I bought sone 280 rigs for thier launch. Only mistake I made is selling ether to cover electric costs and build out larger. Lessons learned... When eth goes pos , there will be another launch of pump of a gpu only (st least for a while) coin to take its place, maybe eth clasic or metaverve fork to progressive pow , whatever. there are too many gpus out there , too much potential hash power and cryptographic potential our there for grabs for a new or existing player not to tap in to. Bitmain is the only real threat to this, if they ipo and gain the ability to compete with nivida and amd lord help ua all |
|
|
|
Mining BTC with CPU isn't possible but you can try mining some CPU based altcoins, below is list of CPU coins
Primecoin [XPM]
MemoryCoin [MMC]
Quarkcoin [QRK]
QubitCoin [Q2C]
Datacoin [DTC]
Riecoin [RIC]
Chaincoin [CHC]
FairQuark [FRQ]
Frozen [FZ]
Protoshares [PTS]
SecureCoin [SRC]
Your Alternate Currency [YAC]
Darkcoin [DRK]
Vertcoin [VTC]
C-Note [CNOTE]
vertcoin hasnt been cpu profitable in ages this list is way old |
|
|
|
@ dhouse Close to 5000 @ shaggy4411 canarm they are a canada company that makes giant exhausts yes I have merv 10 filters on every entry point @m1n1ngP4d4w4n @ Heidim Thanks and hope so or she just wants me gone most the time!  5000 gpus? thats insane , how do u manage them |
|
|
|
Its not dying, its just very unprofitable due to the competition.
Basically its like a double edged sword.
If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.
Its not people, there is so much room in crypto for ‘people ‘ its the corporations like bitmain etc that are killing profitablity so harshly, they are also the worst dumpers of crypto too |
|
|
|
We all knew this would happen eventually.
Take 2013 bubble for example. Back then the prices for the R9 280X was like $500 but the GPU made like $10/day back in Nov 2013.
Fast forward a few months to Feb 2014 and it pulled in $5/day, the month after $2.50/day, the month after that about $1.25/day and fast forward to the end of the year and I think it will pulling in $0.25/day.
And it was worse because it used much more power than most of the GPUs today.
The only difference between those GPUs and today is that there was less GPUs mining and GPUs to sell, so the supply got absorbed by the gamers. These days there are millions of these GPUs out there.
And Nvidia is calling this past year a loss for them.  I think it was because of all those cards that got sent back to them in masses.  300k cards would constitute a loss? I cant see that, thats only like 300 million |
|
|
|
You need the ethlargement pill it's a real thing get 50 mh/second on ethereum
Mine ethereum on coinfoundry.org
why not nanopool |
|
|
|
FIll yer bags , best price you will see in your life. $NIX!! u mean let the dump begin , epic dump to .27
filling .... I wont lie i had to grab some at .28 |
|
|
|
why are we talking about equihash (zec) and ethash (eth) mining?! those are ASIC algos now!
Ugh, looking back on this thread, how quickly times are changing!
Funny thing is that trolls thought they could buy 100000000000 rx 580 for $1000 each and $1500 for each gtx 1080ti using a credit card and mine forever with them hehe, in the end they lost huge and most are in debt and you will hear from them their gpus are paid off hehe, how shameful, they will never admit they lost money, their ego is greater than the money they lost ehhe come on no one paid $1000 for a 580, maybe $700 |
|
|
|
|
u mean let the dump begin , epic dump to .27
|
|
|
|
then throw in innosilicon and fpgas now you see 50 percent of the entire eth hashrate is asic owns.
There have been lots of suggestions to make truly ASIC resistant algos but imagine if crypto went back to good old GPU only mining. How wonderful would it be to have a truly decentralized network where mining profit is distributed to the masses instead of a few large mining companies. Makes it almost seem like GPU mining is communism and ASICs are capitalism. Sadly, capitalism wins in the end. lol yeah , thats a good analogy , the soviet system was too big and far to courupt, look at the chinese they made communism work, with some nice modifications such as. allowing people to keep thier money etc. Id like to think us the crypto masses can adapt better than cuba and the ussr did, crypto is in our hands really, if the masses stopped buying asics it would change alot since they would have to takw on far more risk rather than the current have your cake and eat. it philosophy they run under now. if we boycotted coins that are asic prone etc, but the little man is greedy too , everyone wants to make money so they take advantage of that greed |
|
|
|
My guess is they most likely sold off their ETH gear instead of posting huge hash power not to scare off a potential POW change which the ETH foundation might be forced to do.
Of course they will say they have only few miners, the others are hidden from the spreadsheet hehe and I bet, bitmain want you to think that from those 339ghs all are e3 hehe, the truth is bitmain sold all their e3, the f3 and g3 are hidden. They have kept the e3 as long as they can mining, right now they are using the f3 and g3. All F3 1.5ghs are hidden, so if we take their numbers we can see they have 226 f3 mining eth which is a lie cause right now they must have at least 20 thousands f3 mining eth which by my count gives around 30ths and that alone is 15% of total ethash network hashrate, maybe they even might have few g3 already gddr6, each doing 25ghs 1200 watts hehe As they know eth devs dont give a crap about it and as they already know the loophole then is pretty easy to increase hashrates by xx times by creating news ones with powerful memory clusters like gddr6, welcome g3 hehe. 30 percent of the total hashrate? i can see that , then throw in innosilicon and fpgas now you see 50 percent of the entire eth hashrate is asic owns. This corresponds with tbe huge hashrate apikes this time last year when we went from 120th to 190th then 230 th and now the steasy climb to 300th. . All this while gpus were scarce |
|
|
|
I am holding 5200 rvn. Which is somewhat like 100 usd.
Maybe I should mine some more.
I've been mining RVN for about 3.5 months with 25 gpus ... Mostly 1070ti's, a rig of 1080ti's, and a mixed rig. Last night (07-29) the difficulty jumped way up. I switched back to mining ETC tonight. RVN/BTC pair is way up today, but not enough for me to make the trade or continue mining it. I was mining it when it went through it's last peak in the high 500 sats. I'm just going to hold on to what I have and see what happens. Not sure what will happen to the price of ETC once it lands on CoinBase, but I'm done mining RVN at it's current difficulty level. Fpgas have taken over raven is what they are saying |
|
|
|
- Q: How would you use your first 10,000 dollars?  Mining is worthless, buying and selling coins is thousands of times more profitable but if you want for hobby then the first 10k would be to upgrade the place for the other 40k equipment and then i would buy only asics, no gpus at all. what asics are good right now? none that I see since you are at the mercy of the manufacturer who can flood the hashrate with cheap door buster sales. Best thing to do is wait for vega. 20 and the 11xx nivida cards if you have to go into mining. 50k is peanuts these days back in 2013 50k could build you a nice 30k sol nvidia farm or 5ghs eth farm with 200 amd rigs. Now. 50k gets you shit. |
|
|
|
if hashnumber > device_support
block = enable
else
block = disable
end if
device support[amd_support, nvidia_support];
cant they asics and fpgas just spoof the hardware IDs ? |
|
|
|
My device runs from 9:00 am to 5:00 pm solar power is heated to the 300 hz so around 680 w and 25% fan
you run i on solar? |
|
|
|
Wait a minute, they are not mining Equihash with all the big Z9s? Someone needs a business lesson at Bitmain.
yeah lok , I guess they sold them all .... lol ok |
|
|
|
Those are my hashrates not theirs.
lol , I don’t know who they think they are fooling, they’ve been playing the mining community for fools so long they can’t even post half sensible stats |
|
|
|
I've just read that Bitmain started to disclose it's hashrate. Here's the link: https://blog.bitmain.com/en/hashrate-disclosure/What left me suprised was bitcoin hashrate, where they have 1692.05 PH/s... that's like 120000 of S9!! Just crazy. I wonder if those are new tech or old S9s. smoke and mirrors, tripple those numbers and maybe its acurate. what about thier cryptonite hashrate , blake and equhash |
|
|
|
zcash difficulty is now back up. this is not ideal for me.
Try btg I have being doing okay with 1080tis did btg fork off the z9 asics? yep you need the new ebwf to mine it I am making close to 2 bucks a card each day. https://coinmarketcap.com/currencies/bitcoin-gold/it is at 32 usd was over 33 early today has an upside if they stick to fork policy thanks id like to get my Nvida rigs off eth , btg seems like an option with thier fork |
|
|
|
|
Show Posts
