As the summer approaches how is everyone planning. We have depressed mining reward in USD terms. We will not have the need to heat our home.
Who needs to heat their homes during summertime? If anything electricity would go towards aircondition and not towards a heater. Too many miners chasing that profit will simply drive profitability close to zero. |
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And it rose a lot. Litecoin real value price is 4 to 5x less x eth and at moment is almost 110% more than that, tech wise = $50 usd, it's overvalued. I would sell all right now hehe or exchange for eth.
Whatever real value something has is determined by the market, in other words supply and demand. It's clear you're a Ethereum fanboy and your post is basically pointless. |
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So you're basically saying we should not mine because of prices being too low at the moment, or are you saying we should mine for close to nothing now and hope for prices to skyrocket in the future?
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I have only used an Onda 8 slot riserless motherboard with a really old processor which it had built in if I recall it correctly and it worked great with Linux.Windows just doesn't works well with these kind of motherboards so I think the Os in these boards make a lot of difference.
Linux can run on practically anything and does not require a whole lot of resources to do so. There are some very lightweight distroes out there that does just that job, and does it well. |
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I suffered losses in recent days, and I decided to stop trading for a while. While looking for capital to return to the market. Shut up to strategize and take compensation for recent losses. Have you ever lost continuously and lost enthusiasm? Thank U.
Crypto prices usually tend to swing a lot. A good piece of advise would be to buy low and sell high, then again when do you know when the price is actually "high" and "low". How much did you lose? |
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Yes it most certainly is. You can trade it and profit from price fluctuations, or you can simply buy a cheap and promising coin and hold it for some years and reap the benefits.
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Last month when I saw price of bitcoin above 8k, I consider if the market will grow again but since June I have seen prices return to thread down I'm little worried that it will continue to decline but here I am still very confident if the future is cry nice
No market ever only goes in a straight line upwards. You better get used to it, or this isn't for you. In fact, crypto currencies is well known for it's wild swings in both directions. |
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It all depends on the quality of your router, the quality of your wifi adapter in your computer, how far the distance from your router to your wifi adapter, how many other wifi networks around in your area.
If all those factors are good, there is hardly any difference between wifi and wired.
Wifi is always worse then wired connection. It`s unstable even if the distance between router and computer is 2 meters. For gaming, internet - this is ok, but in mining this is losses. I calculated difference - it have been about 10%. Router was about 4 meters from rig Definitely, 5Ghz wifi is OK, it's fast and things but sometimes it lost its connection not to mention that the wired connection is definintely A LOT stable because it is wired. Even for gaming wifi sometimes sucks because there's lost packet and stuff and that's kinda not worth it for business and it's for mining which requires more intensive work, also wired is cheaper, I can't see why people prefer to buy expensive wifi than ultra cheap cat6 LAN cable Yes, wired is cheaper and possibly slightly better, but who wants those long nasty cables running through your whole house/apartment. Wifi is so much cleaner looking and don't mess your floor up. |
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the current competition of miners is already very tight, and I think the profit generated is not so much compared to the electrical costs. however, only those who are smart enough to use electricity for free, and have the best GPU rig that might profit in this regard. right now, I am more interested in mining other altcoins besides eth.
But in fact the goal should be just that; I don't understand why almost all users who approach mining look only at Bitcoin or Ethereum, which have a super competitive market, when there are hundreds of other coins to bet on and invest. If you want to undermine Bitcoin or Ethereum and you have to buy rig or asic for $ 2-3-5000, you would first buy the same coins in the exchange and keep them in your wallet; you would earn faster, without risk and without worries. Those other coins and tokens beside Bitcoin and Ethereum are not as liquid as the two giants cryptoes. They are traded at every exchange and you can buy and sell immediately. Cant really say that about every other shitcoin with little to no volume. |
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It all depends on the quality of your router, the quality of your wifi adapter in your computer, how far the distance from your router to your wifi adapter, how many other wifi networks around in your area.
If all those factors are good, there is hardly any difference between wifi and wired.
Wifi is always worse then wired connection. It`s unstable even if the distance between router and computer is 2 meters. For gaming, internet - this is ok, but in mining this is losses. I calculated difference - it have been about 10%. Router was about 4 meters from rig I have also tested this many times and I hardly see much of a difference. 10% sounds like a lot. What is the quality of your router and wifi, is it some cheap chinese junk? From what I can see there is less than 1% difference between wired and wifi. |
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Anyone mining recently with 280x? On cryptonight I´m only getting 400 h/s on xmrig/srb and xmr stak just crashes the computer. And on beam I´ve been getting just 2-3 sols. Any sort of overclocking only seems to lower hashrate and eventually crash. Maybe older miners work better? I Remember getting like 550 h/s on cryptonight years ago. Maybe some older driver is better to use, maybe something can be done with this new mem tweak stuff? Any tips appreciated apart from Bios mod or telling me it is not efficient GPU to use  Sell those ancient Tahiti gpu's and buy some used Hawaii gpu's instead. Or if you have the cash, go buy some used rx580's and mine cryptonight variants with those great cards. Will use much less electricity too. |
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Who of the Radeon Vii holders will dump their power hungry heaters on ebay for the new and improved AMD gpu's coming out this summer. Will radeon Vii prices tank hard in the next 12 months?
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Wifi is good enough for most mining operations. I have used both wifi and ethernet cabled connection for mining and I hardly notice any difference at all. You can perfectly safe go with wifi for your mining rig.
It is always better to choose wired, wired is definintely more reliable than wireless, with wireless sometimes the connection lost and by that you may missed the chance of mining or wasting your time while you are away and cant monitor your rig. Also wired connection tend to be faster than the wireless ones so the choice obviously wired ones just for more reliability. It all depends on the quality of your router, the quality of your wifi adapter in your computer, how far the distance from your router to your wifi adapter, how many other wifi networks around in your area. If all those factors are good, there is hardly any difference between wifi and wired. |
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Kind of quiet here, is there hardly any interest in this project anymore?
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Wow, the standard of discussion has really dropped hard at the thread here. Mostly insults and blows below the belt so to speak. I guess when the shit hits the fan, people tend to show off their ugly side.
I lost money on the Topia shutdown too, but not going full mental retard over it. You win some and you lose some - move on.
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Hello everybody,
Mining ETH now seems to be no profit.
I use VGA P106-100 6GB; 6 card
150Mh/s; 750W
Why many people still are mining ETH??
Many people are still mining Eth because it is still very much profitable to them and I for example am still very much into mining my lovely Eth Now the price of ETH is still very low which is a very good sign for the people who are mining ETH, it will give very fruitful profit when the market starts recovering. This year there are many predictions for the price of ETH easily cross its previous value. Have you been living under a rock the last 5 months? The market did recover (a lot) since the bottom last year. Both Bitcoin and Ethereum have given solid profits in that time period. What happens in the next 6-12 months is anybodys guess. |
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Mining is always profitable but you need to weigh things up,
We are not new in this as there are so many people mined before even BTC at low like less than a thousand usd per piece.
Now, what we should weigh to know if it is profitable, we should calculate the maintenance and electricity on having the mine first.
Yeah no, mining is not always profitable. How do you come to a conclusion like that? Mining can be profitable if the right conditions exist for it to happen, it depends on lots of factors, but is not always profitable. |
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Wifi is good enough for most mining operations. I have used both wifi and ethernet cabled connection for mining and I hardly notice any difference at all. You can perfectly safe go with wifi for your mining rig.
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Hello everybody,
Mining ETH now seems to be no profit.
I use VGA P106-100 6GB; 6 card
150Mh/s; 750W
Why many people still are mining ETH??
Its not as profitable as it can be as there is now more than enough crowd so the profit has reduced and the electricity cost isn't helping at all so now the most people that still mines are the whales Most of them are the one who have cheaper or no electricity cost, they can afford to continue as they don't need to worry much, they can hold and wait for some time before selling it up and earned the rewards of mining this coin and hold for long term benefits. So we are talking teenagers living with their parents, people who rent with electricity included in their rent, and finally people that leech off the grid stealing power in some 2 and 3'rd world countries. |
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If you buy a $4M Veyron and use it as a taxi even if you make enough money to pay for fuel and maintenance you're not "making a profit". The car is a depreciating asset. You need to earn enough money to outweigh depreciation of the car as well as operating expenses.
Same with video cards and ASIC miners. You can't just consider the cards as a sunk cost (unless you're gaming on 1 or 2 of them sometimes). You have to make enough to pay for electricity AND the depreciating value of your cards. Nobody wants those AMD 5870 that everybody was mining with back in 2011.
There is profit left in GPU mining, but nothing short of quick churning new shit coins is going to make you more than a $0.25 USD per card these days. If your card's value drops more than about $100 in the next year it might be better to sell the card and just buy the crypto outright.
There are simply too many people chasing the get rich quick dream. That mean noone of the small time miners that mine Ethereum and the ETH clones will ever make it rich. That train left the platform years ago. Mining wasn't never a get rich quick kind of deal. There were a few short weeks where the profits were insane like $5/day/gpu but it only lasted a short while before the prices started to tank and difficuly started to rise. The only miners that ever became rich were the ones which mined and didn't sell and held for > 1 year+. Imagine the days of using the R9 280X to mine 1 ETH per day per GPU back in 2016, imagine holding all those ETH and selling them for $1000 each about 1.5 years later. If you mined and sold everyday you would of sold at a huge disappointed price compared to holding. Yeah, I know what you mean. But I still come across miners stating that they will hold forever, thinking that Ethereum will be worth much much more in the future. That's just delusional on their part. |
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