Try btg I have being doing okay with 1080tis

We all were burn't one way or another with mining.

I was burnt buying expensive GPUs during the Litecoin days where I spent like $500 on a R9 280X and every 30 days my daily profitability basically kept halving.

From that experience I've learnt not to FOMO on expensive GPUs when the markets can turn very quick.

Instead I just browsed Craiglist and eBay during the beginning of 2016 and bought all my GPUs second hand.

During the 2017 mining boom, I bought a few GPUs during Black Friday sales with a rebate which were actually below MSRP because mining profitability hit a low point at that time.

Never bought an ASIC brand new ever from a manufacteur but basically heard from many people who took huge losses buying an Antminer S2, S3 and S4 new.

good business move so far. I just could not buy into  z cash asics  due to the choice made by the developer he simply folded and did not try at least 1 fork.

I am down to very little gear on the gpu end.
I mostly have btc miners and some ltc miners  with  a handful of gpus. 12x 1080ti's

the 1180 is coming and there is going to be a price drop on the 1080ti's in the next 60-90 days

This is why no one is buying them

right now
i mine lyra2z coin on nicehash
for 7 gpu 470 with tdxminer on hive i got 20.7Mh/s with about 700watt power usage
the income is 0.009BTC a day


any better coin/algorithm?

let's share our experiance

There are many reasons why its increasing.

First are the publicility released ETH ASICs.

Second are the private released ETH ASICs with GDDR5 memory.

People still are buying AMD and Nvidia GPUs are most are mining ETH

People who mined coins like Zcash were forced to switch to ETH since there was Zcash ASICs released. GPUs like 1080Ti were very good at Equihash and now they are better off mining ETH.

Will only get worse from here. Best is to just HODL the ETH you mine and wait for POS which should increase the price of ETH, sell it then.

70mhs, where did you hear this. I think you are dreaming a little.

your ETH price estimation seems really unreal for me. i don't think it will get to 2500$ never. In fact, see my signature.

On the other hand, i don't think Bitmain gives a shit about people blaiming them. They already count on this. Most, if not all algos pro-nvidia are ASIC-centralized right now. Unless Nvidia cards give a huge amount of Mh/s on the ETH network, i don't see miners going for this. and lets not talk about it if prices don't increase.

For instance, watch RX Vegas giving like what, 37mh/s? (considering RX Vega 56 are doing around 32mh/s) and they remain unsold due to price. Unless GTX 1180 are doing like 45 .......

Hope you are wrong and difficulty does not increase more. Or at least, not at current prices.

ETH difficulty has gone up by 10,32% in the last 90 days. This is crazy.

for now I have been buying s9i's at under 550 from bitmain  and sitting on them

pangolin  is now touting a 33th 2150 watt  machine  that is under 0.066 watts a gh  the best claimed by anyone.


I would have preferred it to be 20 th  and do 1320 watts.

But here is a link

https://pangolinminer.com/557-2/

1999 for it  due sept 20th

I used to have a single 25 kVA pole mounted transformer feeding a 320A meter base at the house, which in turn had 2x 200A panels behind it, and a 400A meter base at my shop with a single 200A panel behind it.  The 320A meter base was feed via 350 MCM Al and the shop meter base was feed via 500 MCM Al.  350 MCM Al is rated for 280A and 500 MCM Al is rated for 350A.  This is at 90C btw, which the power company is allowed to use.

A 25 kVA transformer can only do about 105A (and peak loads up to about 140A or so @ 240V).  Around my parts most homes with 200A service have a 15 kVA transformer, and large homes have a 25 kVA transformer.  Really large residential homes have a 50 kVA transformer.  A large 50 kVA is still only able to deliver 210A or so on a 24/7 basis.  And once you get much past that, the 350 MCM Al wire running between the transformer and your meter base begins to become the limiting factor.

When I started consuming above 20,000 watts 24/7, I had the power company come out and swap my 25 kVA for a 50 kVA one.  There was no cost to me.  Where I live in rural Virginia, nothing needs to be filed or justified with the county, it is all just between me and the POCO.  I just called them up one day, and 20 minutes later an engineer was at my door step and I showed my power usage and he said yep, let's swap in a 50 kVA for you.

For residential service, POCO always size based on peak loads, so having dual 400A services from a single 25 kVA is ok, as based on their experience, they never see a residential customer coming even close to pushing the continuous rating of a 25 kVA transformer.

Only if you HAVE enough money to get close to that ceiling.

In some cases, money IS the limit.

Hello
I have been following this thread for a while
I administrate several asic farms and GPU farms, I own GPU farms.

the thing is easy ,as a general rule (it goes up and down obviously)
Asics require 2X to 2.5X more power consumption that GPU at the same profitability ratio.
Asics usually costs half of what a GPU rig costs at the same profitability ratio.

so in order, lets say, to produce 5 USD/day youll need 1 Rig of GPUs NVIDIA that will consume 650W or an asic that consumes 1600W

and yes the cost of the GPU rig is probably twice the cost of the ASIC.

but remember, power is everything, power determines how big can you go, how much can you expand
rent a place its easy, cooling it's hard but doable once you learn how the air dynamics works.
power....... it is another matter

you cannot request a: let's say 500KW in a house, the power company will refuse, it will request you to present the proper papers, as a company, since a house cannot use that level of power, as a company you need to exist as such, and pay taxes and all,and even so you still need permissions from government explaining what are you gonna do with all that power.

Anything above 300KW will probably require you to have your own high voltage transformer that will probably cost close to 100K USD plus instalation and proper certifications that takes a lot of time and money to do.

so, unless you plan to have only a very few asics in you small flat, if you want to go big, the only way is maximum power efficiency, and that it's not ASICS, it's GPU, do the math, buy both if you wan't and compare profitability vs power.

most people I know, got tired of GPU because they are difficult to configure, yes they are, but right now NVIDIA 1080Ti and AMD VEGA are the the most efficient GPUs in the market, it takes a lot of effort to make them work at maximum efficiency, but it worth it, and allows you pack a lot more of production in the same place and power capacity than will allow you with asics.

remember, power it is your ceiling , not money, power capacity is what tells you how high can you go.
cheers
indkt.

DAG increases and I believe that 4 GB is not enough. A strange choice in my opinion. In a few years, a 4 GB card will not be able to get anything

Hardly.  Its been over 2 years since Nvidia released a new gpu platform and over a year since AMD released a new GPU.  Its not like the next best thing is released every 3 months

https://www.ccn.com/crypto-mining-decline-expected-to-slash-gpu-prices/

The recent decline in cryptocurrency mining has eroded demand for graphics cards, with card suppliers planning to slash prices to clean out their inventories.
The softening market has snagged demand for ASIC mining equipment, supply chain sources have indicated. Graphics card prices are expected to fall about 20% this month, suppliers noted,  according to Digitimes.

Manufacturers Feel The Heat
Large mining companies have reduced mining equipment orders while many small and medium-sized mining companies are leaving the market altogether. The global market for graphics cards is currently estimated at several million units.

The falling demand is expected to hurt sales for the Taiwan Semiconductor Manufacturing Company (TSMC) and for IC design service companies like Global Unichip.

Nividia, meanwhile, has approximately 1 million GPUs available, sources confirmed. Next-generation GPUs from Nividia that use TSMC’s 7nm and 12 nm processes will be put on hold until inventory levels improve, pushing processes to the late fourth quarter

Miners are expected to sell their used graphics cards, forcing retailers to slash prices in order to remain competitive.


A Reversal Of Fortunes
The trend has switched significantly since the last couple of months when share prices for AMD and Nividia reportedly gained. AMD’s share prices jumped by 30% in May, while in late June, 13 company analysts had buy ratings for AMD, 12 had hold ratings and six had sell ratings, according to MarketWatch. The companies’ rising fortunes was attributed in part to demand from cryptocurrency miners.

Last year’s surge in crypto mining resulted in a GPU shortage, as crypto miners purchased 3 million GPUs in 2017, translating into about $776 million.

AMD, a computer processor producer, sold out of its new graphics card within five minutes of its release in online marketplaces last year. Demand from Ethereum miners also caused Radeon RX 580 and RX 570 GPUs to sell out.

Even with the current generation + Acorn M.2 this is not worth.