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I have running number and it seems like it would take at least 240 days to 365 days (1 year)+ to recoup the hardware costs. 
Seems like it would take till the 2nd year to actually start making any money. However, difficulty of all the coins should be going up by then and reducing profits?
How profitable is GPU mining? Are you guys making any money mining on Alt Currencies on GPUs?
Note for my calculations I was estimated 5,600 Kh/s with 7* R9 290 @ 800 kh/s with cost of $4,700 for hardware.
in january, GPU mining was profitable for me after 110 days. Seems like it would take till the 2nd year to actually start making any money. However, difficulty of all the coins should be going up by then and reducing profits?How profitable is GPU mining? Are you guys making any money mining on Alt Currencies on GPUs?
Note for my calculations I was estimated 5,600 Kh/s with 7* R9 290 @ 800 kh/s with cost of $4,700 for hardware.
GPU mining in november when i started was profitable after 90 days.
you need to control your costs. buy your cards strategically and at better prices.
You also haven't discussed what your investment strategy will be. I am looking to break even on hardware fast, and then hold for a long term (10+ year) investment. my outlook is different from someone who would invest for short term profit. your investment strategy changes how you interpret the breakeven point.
I think if i was just starting out, i wouldn't spend that much money with a 240-365 day breakeven. in 365 days the market will be completely different than it is now. hell, march doesn't even resemble january. doing a cryptomarket forecast that looks a year in the future will need to account for new GPU tech, new currencies, new regulations, changing geopolitics and the emergence of ASIC miners. that's just for starters.
however, everyone is in a different financial state and we all have different investment goals. whether you should mine or not is dependent on a lot of factors. honestly i would only use money i had in hand (i.e. no credit), and only use money i could afford to lose.
So, are you mining and "holding" the currencies you have mined? The fluctuations in currencies seem so high, when you sell/buy them makes big difference on the profit.
I actually started out mining using single 2-3 year old GPU I had for gaming in Jan. 2014. There was one point in Jan/Feb it seemed like I was making $5 to $7 in profit (after electricity cost) with that single GPU. Thats when I started to get really excited about possible GPU mining in the future. However, since then recent prices+difficulty is putting me at $0.60 in profit with same card
I am hoping it will get better.
