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Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.
Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.
I'm at .20kwh and I am still making profits on all of my racks. No where near what I was making 7-8 months back but most of my rigs have since been paid off. I believe Ethereum and Bitcoin prices will bounce back resulting in all alt coins to pop as well. You can't make money everyday just like the stock market but if you make more than you spend on average then you are winning! Personally I am looking at accumulating for the payout in the next 3 years. Mine on! Likewise that’s why I don’t pay electric with crypto but with Job money. I’m at an accumulated 22% operating profit at the moment so in terms of ROI, it just pushes very far on the horizon it’s not even a consideration under current market prices. |
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The point is to make a BAG of coins when the price is LOW. Only dumb are crying about how not profitable mining is.. I am willing to pay for peoples electricity if they put my wallet in their bat file  You’re mining and speculating, so you can make the argument that your post doesn’t even belong on this thread. Even though it is a form of speculating but to a lesser degree, some people mined to have a passive income not as an investment to hold. I never got into crypto for passive income but I’m sure plenty of people did, you’re probably one of those anarchist hodlers ain’t you? |
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Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.
Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip. Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either. May be. Let's estimate. 1070 and 1070ti are the best ones now. They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins. That's it. It is a profit still i agree. But zero profitability is very near. Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining. you crazy..... I earn over $1/day on a 1070 on a long standing algo..... You must also take into account others' mining strategies may not be the same inside the box thinking that you are using. if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought. Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said. |
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Small time players with one or two rigs and full price for electricity are being pushed out. Only big farms with negotiated (lower) power cost will prevail. People with weaker cards (580@570, 1050 and 1060) will shut down first.
#Preach. True. |
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I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?
Sure it is. But the ROI is much much longer. Years depending on the electric cost. At this current prices if you want to be in the market I would use that fiat to buy crypto at the next technical support level and hold. If you pay more than US0.10Kwh I would stay way from mining. Also if you consider this fact that PROBABLY ETH will go POS this year, what will be left to mine? Way more Risky altcoins, that you should probably mine and exchange them for more secure coins. If you start now, you will at least get fair value price GPUS. |
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This is not a financial advice but when you're riding your Lambo... Remember me.
hehe, yeah this is one opportunity that people will regret not taking in few months, this is not stocks or anything that can be explained, in a month altcoins lost 500% in value, eth hit almost $1400 and now is $380, that is almost 400% and some alts lost 1000%, that is a lot of money, nothing really happened to bitcoin, from $17k to $7k, 60% crash is nothing really if you consider eth which is top 2 and had almost 80% crash. My calculation is different, for example eth hit almost $1400 and now is $380 which 380 x 3.7 = $1406, which means eth lost 3.7 times its value whereas btc lost a lot less, btc right now is $6800 and hit almost $20k so meaning, 20000 / 6800 = 2.9 times lost since its highest all time value. I'm such a coward. I will die poor. My only hope is that price goes to 100 and mining difficulty drops to a point I can mine 1eth a day  |
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Is not only eth, everything is crashing and looking at the graph, this has been a huge manipulation, the date it started coincides to the same day the pump on 2013 started, so is the same people, dumping everything and then will buy it cheaper and pump again in few days. If you have eth do not sell it cause these manipulators will start pumping all very soon.
Anyone selling ETH right now is a fucking idiot. Just saying. ETH is soooooo low. Keep those buy orders staggered on the down turn. It's not rocket science. gotta sell some to pay billa bruh, ill keep some tho Mortgage your house and go all in bruh! Opportunity of a lifetime!!! It's so cheap right now Warren buffet Is looking into it, Benjamin Graham will rise from the grave go all in on Beeeeet Coin. This is not a financial advice but when you're riding your Lambo... Remember me. |
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Is not only eth, everything is crashing and looking at the graph, this has been a huge manipulation, the date it started coincides to the same day the pump on 2013 started, so is the same people, dumping everything and then will buy it cheaper and pump again in few days. If you have eth do not sell it cause these manipulators will start pumping all very soon.
Thanks for the insight. And yeah I'm referring to the market as a whole cause everything moves with BTC. And yeah I'm not selling anything on my portfolio because I'm betting long Term and also at this point I'm so far from ROI (bought at the end of last year at the last batch of retail prices lol) that selling now will just be pennies on the dollar. HODL! 🤓 LMAO. It's brutal today. Market is on full panic mode. I don't take it personal tho, all serves as inspiration for my crypto meme Instagram page. |
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When is ETH gonna go POS?
When are fees and time for the transactions of BTC going to be reduced?
Has any blue Chip tech company absorbed crypto in a way that will provide innovation that will be practical and useful? Because sure people some people wanna be anarchists but at the same time wanna be rich and those things are no positively correlated.
POS may be last quarter this year Fees: lightning implementation for BTC, we'll see. Big companies, already started: some luxury brands are using vechain, ethereum being accepted by www.grosbill.com (through email quote), carrefour (>100 billion USD income) is starting using ethereum blockchain for food traceability... Well Mr. Market ain't buying on that hype. There's a Carnage currently. |
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I purchase some coin today I will see if I buy some tomorrow.
People do these mistakes, or they want to buy very low which the price never gets to and when they buy it then they want to sell very high, two common mistakes. Well people will have to buy at some point cause is already very low. Low based on what? Value? Last time I checked, the only thing I see is disruption caused by the media and regulators but in terms of innovation of magnitude that shakes the market creating a different landscape in which smart and big money can buy because there is an "opportunity", sorry I'm not seeing any. Sure there's a lot of technological jargon being throwing around but nothing that the mainstream , average or smart money would ever care for. When is ETH gonna go POS? When are fees and time for the transactions of BTC going to be reduced? Has any blue Chip tech company absorbed crypto in a way that will provide innovation that will be practical and useful? Because sure people some people wanna be anarchists but at the same time wanna be rich and those things are no positively correlated. Im not being rethorical or attacking I'm just putting these questions out there so I can get your opinion. I personally think that the only way this bearish trend fades is if "smart money" identifies an opportunity to capitalize and profit. That huge momentum that drove that massive uptrend to 20K was in a time in which financial markets had a such low volatility that they even have to develop derivatives like the Daily Inverse VIX Short-Term ETN or ProShares Short VIX Short-Term Futures ETF to get something going on. So I just wonder why during those times of low volatility we had such a monstrous momentum on the crypto market? Do I really think all that money pouring into crypto was from retail, average Joe's like myself, HODLERS, etc ? I don't think so. |
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I pay US$0.22Kwh so it's definitely not profitable for me at current market conditions, conditions which goes to show how weak "HODL" mentality market participants are.
Well asic is really a big problem, the real reason all crashed is because of asics. ETH already crashed 300%, dont think it will crash further, now only pumps and pumps till eth hit $3k but first for that to happen there will be a very good news and then boom and the good news will be soon. Indeed but it's not just the Asics, crypto as whole being heavily under fire by the media and regulators and if you combine that with the instability of equity markets at the moment just magnifies the issue. Some might see crypto as a "currency" but as of right now it is just a trade able asset and as risk appetite is diminishing ATM cryptos are just falling along the trend with X10 volatility. It is definitely a mistake to sell if you're at a loss and you believe in the market for the long term and this momentum will definitely separate the ones in pursuit for yield vs the ones who believe in Crypto. And you will also see how powerful are each group which by the significant loss in market cap well know how strong that crowd is. |
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I pay US$0.22Kwh so it's definitely not profitable for me at current market conditions, conditions which goes to show how weak "HODL" mentality market participants are.
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Where can I get a BTCP wallet to transfer my ZCL? Kinda lost and no info on the official site.
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Hi All,
So im currently running two rigs with these two motherboards with the exact same components (dual PSUS, etc) and im getting a stable 29.8 M/hs on the 1070tis with the ASRock H110 Pro BTC+ and i cant seem to get more than 26 M/hs with GIGABYTE GA-Z270P-D3 using the same settings and trying different configurations in terms of overclocking; i even installed the mining bios and still no use. Has anyone notice this? if so what did you do to improve performance.
Thanks!
I've noticed variance between how much overclocking I can eek out of my cards on different motherboards. However I always assumed it was more a function of the CPU clock speed and memory. Is that not what you've been finding? No. The issue is I’m using the exact same components and the same settings and the hash rate performance is lower on the D3 mobo. |
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Hi All,
So im currently running two rigs with these two motherboards with the exact same components (dual PSUS, etc) and im getting a stable 29.8 M/hs on the 1070tis with the ASRock H110 Pro BTC+ and i cant seem to get more than 26 M/hs with GIGABYTE GA-Z270P-D3 using the same settings and trying different configurations in terms of overclocking; i even installed the mining bios and still no use. Has anyone notice this? if so what did you do to improve performance.
Thanks!
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Anyone has any updates? According to them the mining is still available but can anyone confirm receiving any payouts after the website got down?
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Actually, you already answered your questions with this. I replaced one of the cards that is working properly with the one (Just running two cards) that isnt in that Pcie Slot and its showing the same issues (On slight movement from the fan).
And the title " 1070ti issue" said it all. Try the card in a different slot, that's the last thing you can try. Is your card came with a replacement warranty? Unfortunately i have tried it all at this point; last thing i did was plug on the Pcie slot of the Mobo without the riser and by itself and it didnt work . It is a brand new card bought less than a month ago on amazon so i would be able to return it for a refund. |
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Assuming you are running Windows, do all three cards show up in Device Manager? Can you put the card in another machine to test it? Do you have enough power to run all three cards? If you don't have another computer to stick it in then take all the other cards out and put the non-working one in and see if it works by itself. Then add the others one at a time if it does.
Thank you so much for your reply. No, im not running windows just smos on a USB drive. In terms of power i have a Evga 750W but i have two cards running with no problems and as stated before I replaced one of the cards that is working properly with the one (Just running two cards) that isnt in that Pcie Slot and its showing the same issues (On slight movement from the fan). So you suggest trying with just that card powered and see? i will do thanks. If that doesnt work what do you suggest? should i install windows and run device manager? thanks! |
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