just wanted to thank this thread. Setup my shed in january and this summer has been great. no heat in my house and miners hover at 74c max for the worst gpu's.

most of us are holding hoardes of gpus and praying for survival, but there's no way i'm adding more gpu's to my array at this point.

Asics have always been a problem, but if these guys figure out fpga's, it's over. you would have to believe that it's just a matter of time.

Dont get me wrong, i'm mining my gpu's until the day i can't make up for the 9 cents per kwh, but it is what it is.

i dont own any cryptonight asics, but agree with this sentiment as well. if FPGA's are becoming more and more prevalent, it makes no sense to go asic resistant.

FPGA's are even more exclusive than asics and are basically impossible to stop. Asics are more secure than fpga's.

yeah, most examples here are brand new coins, and i've done just that numerous times, sometimes it works out, sometimes not, but that's the risk game you are playing...

but like komodo, this coin is consistently 15% less profitable than all other equihash coins to mine. And it's pretty much all over the place in terms of exchanges. The odds of riding a wave are pretty low here. I'd like to mine coins like komodo or btcp, but makes no sense to take a 15-20% drop in daily revenue to mine such coins in hopes of catching a wave. I could justify the speculative mining play for 5-10% less profit, but 15% is a bit outrageous.

I've always wondered this question, as it has never made sense to me. Why is profitability so much better on eth vs ubiq and ella, etc...

Eth consistently is about 10-20% more profitable to mine (as per whattomine).

zec/zen is almost always more profitable to mine than btcp/komodo

monero is almost always more profitable than ETN, etc.

Isn't mining the more profitable coin safer? or do people just constantly mine the less profitable coin and try to trade the volatility of it hoping to catch a swing? I get spec mining when you are mining a brand new coin and difficulty is non existent and value of a coin is completely unknown, but we're talking Ella and Komodo here.

you would think if most people just started mining the big coins only, the smaller coins would ultimately end start profiting within 5% of the big coins.

looking good. just received.

overclocked to 700, getting 14.5 ksol average. no rejected shares mining btg on miningpoolhub. running 57c on pcb and 72c on chip in my warm shed.

honestly, this is the time u just sit back for atleast a month. we're about to see radeon rx570 for $200 and rx580 for $209 very soon.

Half of equihash is going asic. And if these fpga guys kill cryptonight, eth will be flooded even without POS happening.

If FPGA turns out to be just too cumbersome to use, i'd consider buying some rx570 at $200. but in general, the risk dont outweigh the reward right now.

some of the posts in this thread are very funny to read.

shipping first 77 was so unfair, should ship all at the same time....
uhh, so if they had 77 tested and ready to go, they should just hold it? how does this impact you? this rewards those who ordered earlier, first come first served. Difficulty will still be the exactly the same even if they held the first 77. If anything, the first 77 tested the non working pools for us, and since they felt so privileged, they didn't complain to bitmain at all while getting it to work. Everyone wins.
- early folks get to make more $$
- people just getting it dont have to endure the headaches of non working pools
- bitmain gets less complaints and tech support issues.

"I ordered at the 4 hour mark, how come these other people are getting theirs before me!!!"... uh they ordered before you, first in first out. it's not that tricky and it's the most fair way.

Mine just shipped and will be here, while i'm sad i wasn't part of the 77 (missed it by 2 minutes), atleast i wont have to trial and error pools until i find one that works the moment it gets here thursday. The promised to ship around the 20th and they delivered, no complaints. Now i just pray i can ROI before these things go negative.

simply put, it has to make sense. for mining, only the few collect, and many times the minted coin rate is predefined per block and blocks have a slow rate per day. Since only those with equipment mine, this limits those who actually get new coins

for POS, everyone can stake. In order to prevent hyper inflation (too many coins minted per day), you HAVE to have a low stake rate. Anything high will instantly lend to hyperinflation and making the coin worthless over time.

The better the rate, the more people stake. Since staking is like interest, you start to have compound interest and the minted coins per day rate gets insane.

i have a small shed outdoors with only 5 miners. run 2 of these:

https://www.amazon.com/gp/product/B01G8I7HJE/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

put 4 of these for intake

https://www.amazon.com/gp/product/B004Y753WU/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

underclock gpus, and place the rigs 8"s from the intake vents.

about 3" between each gpu and my stuff never exceeds 76C.

outside temps are 98f and right before the air leaves my shed it hits 104f. typically 80% humidity here as well.

buy only batch 1 of any bitmain product is moral of the story. d3 is negative, a3 is negative, l3 is also negative now.
The only thing that makes more than $1 a day is the x3, which is an extreme high risk coin, because coins using cryptonight are actively forking away from it.

i personally have a z3 mini on order (1st batch), but wont be buying an august batch even though i can get it for $600+shipping after coupon.

all depends on how the fork was implemented. What you're seeing here though is that the new forks are simply requiring more memory (which gpu's dont lack), and asics tend to skimp out on any hardware they can to help with profits. Cryptonight heavy for example. so a simple firmware update can't solve a problem where you simply dont have the necessary hardware to handle the fork.

i do agree that there's something weird going on. Seems like someone is trying to prove a point that if you fork away, you are making yourself vulnerable to 51% attacks. not pointing fingers but it seems awfully suspicious.

Not sure what the fear of the z9 is all about, odds are it's nothing more than a z9 mini with 3x more chips and 3x more power consumption. If the asic chips are expensive for the Z9, makes sense to sell "mini" versions at $2k vs a full version at $6k.

the risk is very high right now, GPU mining lives on 3 families of algos mainly, cryptonight, equihash and ethhash.

ASICs are about to take over equihash,
ASICS partially took over cryptonight, FPGA is threatening to clean out the rest of cryptonight (if successful)
I still laugh at the POS threat to ETH, but that's a different topic. With most GPU miners forced in to ETH, profitability will be bad for a while. and if you believe in POS for Eth, then ETH will be completely dead.

Running a gaming rig and mining rig on the same is a terrible idea. 6 rx580's will raise your room temps by 3-5 degrees F in a normal sized room with no additional ventilation. Also mining machines tend to feel a bit sluggish when mining, no way i would be firing up a first person shooter while mining. you could browse and mine just fine though.

Also remember that a normal room breaker is only 20 amps, which is only 1800 watts or so.

If i was to get in to mining right now, it'd be to sit back and watch fpga status and then decide. ASIC has already played their cards, if FPGA's area real (not talking about the $4k solutions but the ones that are sub $1k), then GPU's are screwed for a while.

been mining for about a year, but will have to say this is the absolute worst time to start mining in my opinion.

asics are attacking all algos, fpga is on the horizon, and new gpus are scheduled to be released by eoy. Even gpu's are still slightly overpriced. There's absolutely no reason to start a GPU mining farm.

Even starting an ASIC farm is questionable and FPGA are so unproven at this point, the risk is extremely high.

i can get 500 per card for a total of 3kh on a 6 gpu 1060/6

both sides have good points, but reality has to set in.

always mining most profitable is also not correct. First, your example is far too extreme and not valid. In most cases monero/eth may be the most profitable, but not much more so than the speculative coin. If the differential was actually 2x, then yes, just buy it. In many cases it's more like 10-30% more profitable. It's not realistic to constantly use your daily profits to buy coin X. you simply wont be able to keep up with it. so mining speculatively is much easier to do.

does look like baikal has already mined monero to death. just a few months ago xmr was right up there with Eth on being the most profitable algo to mine. about 3 months ago cryptonight became much less profitable than ether even though monero was almost keeping up with ether (percent wise).

If all the miners of xmr were gpu miners, then that doesnt make any sense. Because a large portion of miners will switch algos as long as they're not mining shitcoins. as we get close to xmr hard fork, they're dumping miners.

it's all a cycle.as prices surge, mining equipment prices rocket. eventually hardware catches up to the prices and mining becomes less profitable. Less profitable means less people building miners, then price spikes again, rinse repeat.

You will likely be very profitable for the next 3 months until hardware catches up with demand, of which your monthly profits will likely look really bad. As long as you dont sell to fiat and hold the alt or convert to btc, your roi will be fine.

looking back i found that i made the most from months where profits from calculators were the worst. I converted ether to btc. My original ROI was 10 months, made it in 3 months. If you follow the prices and mining, it's the never ending cycle.

beerman, what are you using on the outside to stop heavy run for pushing back in to the fan on the cold days.

those quiet cool fans are temp driven right? or i guess the antminers are just so hot it never turns off no matter the temperature?