Poll: Zcash. Buyer's Remorse. (Perhaps I should not have got 2 rigs) lol :)

[Searing]

Well drank the kool aid and have 2 new rigs 5 GPU board setups off of Newegg. (One rig is up on Silent Army (Ubuntu) the other is in the mail supposedly.)

PROBABLY COULD HAVE SKIPPED THE 2ND RIG AT THIS POINT! (you think?)

Got 10 Sapphire RX 480 Cards (see link below). Supposedly with bios tweaks and such I was told I can creep these over 50 h/s each.

http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223

Anyway thus the poll. Having a bit of buyers regret. (One OK. Two..meh....)

So take the poll and/or post here on what you all think of thie 'kool aid' drinking ZEC coin POW mining endeavor.

(Finally fell into the common trap of being (or realizing) I know am a big miner making on LTC mining 2.2k a month after expenses. errr......slipped up and forgot that is 'real
money we are talking about chump' and drank too much 'kool aid'. On the one hand it is very nice to be in this kinda position and I can mine other stuff to get out of this hole
say in a month or two and move on. But kinda embarassing that I lost track of the fact I stuck 4k probably in all this.)

Dare to Dream,  they say. Go for it, they say. OK on 1 GPU rig maybe. On 2 GPU rigs...er me thinks that was a step to far.

Hell, it is only money. Right.  Chump or Champ on this. We will see I guess.

Take the poll. Post/Vent here on do's and or dont's on this ZEC Coin POW mining bit of 'speculation'

(Damn, should have had the 'intervention' before buying the 2nd GPU rig at least!)

[Eyedol-X]

Well drank the kool aid and have 2 new rigs 5 GPU board setups off of Newegg. (One rig is up on Silent Army (Ubuntu) the other is in the mail supposedly.)

PROBABLY COULD HAVE SKIPPED THE 2ND RIG AT THIS POINT! (you think?)

Got 10 Sapphire RX 480 Cards (see link below). Supposedly with bios tweaks and such I was told I can creep these over 50 h/s each.

http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223

Anyway thus the poll. Having a bit of buyers regret. (One OK. Two..meh....)

So take the poll and/or post here on what you all think of thie 'kool aid' drinking ZEC coin POW mining endeavor.

(Finally fell into the common trap of being (or realizing) I know am a big miner making on LTC mining 2.2k a month after expenses. errr......slipped up and forgot that is 'real
money we are talking about chump' and drank too much 'kool aid'. On the one hand it is very nice to be in this kinda position and I can mine other stuff to get out of this hole
say in a month or two and move on. But kinda embarassing that I lost track of the fact I stuck 4k probably in all this.)

Dare to Dream,  they say. Go for it, they say. OK on 1 GPU rig maybe. On 2 GPU rigs...er me thinks that was a step to far.

Hell, it is only money. Right.  Chump or Champ on this. We will see I guess.

Take the poll. Post/Vent here on do's and or dont's on this ZEC Coin POW mining bit of 'speculation'

(Damn, should have had the 'intervention' before buying the 2nd GPU rig at least!)

Put the rigs on ETH or ETC (some argue ETC is better for selling due to less diff)

I'm assuming you bought some open air rigs for these setups or built them? What did you buy if I may ask?

I'm considering building/buying an open air setup.

[Searing]

Well drank the kool aid and have 2 new rigs 5 GPU board setups off of Newegg. (One rig is up on Silent Army (Ubuntu) the other is in the mail supposedly.)

PROBABLY COULD HAVE SKIPPED THE 2ND RIG AT THIS POINT! (you think?)

Got 10 Sapphire RX 480 Cards (see link below). Supposedly with bios tweaks and such I was told I can creep these over 50 h/s each.


http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223]http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223]http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223

Anyway thus the poll. Having a bit of buyers regret. (One OK. Two..meh....)

So take the poll and/or post here on what you all think of thie 'kool aid' drinking ZEC coin POW mining endeavor.

(Finally fell into the common trap of being (or realizing) I know am a big miner making on LTC mining 2.2k a month after expenses. errr......slipped up and forgot that is 'real
money we are talking about chump' and drank too much 'kool aid'. On the one hand it is very nice to be in this kinda position and I can mine other stuff to get out of this hole
say in a month or two and move on. But kinda embarassing that I lost track of the fact I stuck 4k probably in all this.)

Dare to Dream,  they say. Go for it, they say. OK on 1 GPU rig maybe. On 2 GPU rigs...er me thinks that was a step to far.

Hell, it is only money. Right.  Chump or Champ on this. We will see I guess.

Take the poll. Post/Vent here on do's and or dont's on this ZEC Coin POW mining bit of 'speculation'

(Damn, should have had the 'intervention' before buying the 2nd GPU rig at least!)

Put the rigs on ETH or ETC (some argue ETC is better for selling due to less diff)

I'm assuming you bought some open air rigs for these setups or built them? What did you buy if I may ask?

I'm considering building/buying an open air setup.

Below is what I paid for 5 cards so it will be a 5 card setup. Something like 1800 bucks invested more or less I guess. Not sure yet my buddy is putting it together
at the colohub data center  I keep my Titans (some anyway others at home)

http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223]http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223]http://www.newegg.com/Product/Product.aspx?Item=N82E16814202223

But say it runs 4k for both....The first one..Ok..that was a gimmie....still think I went over board on the 2nd one. Oh well.....use this as a 'stop check' then next time

I want to blow my Titan $$$ mining month to month on something I guess.

They will be open rig. (IF you can call open rig zip tied to racks and hanging that is)

[philipma1957]

no worries eth is doing well  just mine that.

[QuintLeo]

I bought parts for a new rig about the time ZCash went live - but it wasn't specifically built for ZCash.
Unfortunately, I didn't switch rigs over from ETH soon enough to catch the double-digit per BTC (much less the very short triple-digit per BTC) early adopter crazy pricing - but I did get enough switched over soon enough to catch some income when it WAS still over 1BTC, so no remorse at all.

 At this point it looks like ZEC is going to go into the "basket" including coins like ETH ETC and XMR in the "whichever one is more profitable folks will switch to 'till it changes again" group.

 Up side, it's split hashrate around enough to make ALL of the "basket" more profitable via lower difficulties, for a while at least - and will probably help some when ETH goes POS to soak up some of the "nothing to do, gotta find something else" hashrate available at that point.




 And yes, I still have most of my A2 farm mining LTC (and merge-mining stuff like DOGE), though I'm not pulling in 2K+ a month on that.

[Mugatu]

Hey, at least you didn't buy ZEC

[Tmdz]

Mining is better as a whole even though ZEC has fallen hard now that it is 1 week old and the rigs have value in themselves, so a true roi shouldn't be too painful.

The real losers of this equation will be the people who knew nothing about Zcash (miners reward spool up) and bought the coin at inflated values, and people who got scammed into buying cloud mining contracts that will NEVER roi.  I advised people multiple times that could mining will lose them a lot of money, but they were still willing to throw thousands of dollars in the garbage.

Well as for me, I didn't buy anything new just keep my current rigs going and I added 2 new cards a week or 2 before hand but I had planned on doing that before I learned about Zcash.

[h311m4n]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

[Assanger]

I bought parts for a new rig about the time ZCash went live - but it wasn't specifically built for ZCash.
Unfortunately, I didn't switch rigs over from ETH soon enough to catch the double-digit per BTC (much less the very short triple-digit per BTC) early adopter crazy pricing - but I did get enough switched over soon enough to catch some income when it WAS still over 1BTC, so no remorse at all.

 At this point it looks like ZEC is going to go into the "basket" including coins like ETH ETC and XMR in the "whichever one is more profitable folks will switch to 'till it changes again" group.

 Up side, it's split hashrate around enough to make ALL of the "basket" more profitable via lower difficulties, for a while at least - and will probably help some when ETH goes POS to soak up some of the "nothing to do, gotta find something else" hashrate available at that point.


 And yes, I still have most of my A2 farm mining LTC (and merge-mining stuff like DOGE), though I'm not pulling in 2K+ a month on that.

The mining profitability of the ZCash and Ethereum will be similar in the future. That is becasue miners switch between the two.

[Za1n]

There are actually quite a few profitable coins right now to mine compared to say last year at this time. Even with some of the hash leaving ZEC, which is a good thing actually, the ETH, ETC, and EXP prices are high enough to still comfortably make money mining. As others have suggested, once enough hash-power moves back to other coins, the profitability of ZEC will stabilize somewhat. Sure the windfall profits are gone, but you can still ROI on a rig in under 6 months, which IMHO is still quite good when compared to equal opportunities outside of the Crypto world.

[Biodom]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

[h311m4n]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

[Tmdz]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

You need to recalculate those numbers for eth then...

I put hash rates for a 5 card rig.



That is assuming you can sell those coins for the same amount after you mine them, price will probably drop by then, so you get less actually.

[Eyedol-X]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

You need to recalculate those numbers for eth then...

I put hash rates for a 5 card rig.



That is assuming you can sell those coins for the same amount after you mine them, price will probably drop by then, so you get less actually.

You must seeing something different or get alot less mining Zec than I do,

I get around 1050/sol's mining ZEC as I have more CPU's available than I do GPU's.

If mining ETH, I have about 420MH dual mining so it breaks down like the below for me.

I guess it depends on what you have available as to which is more profitable right now.

[Estimated]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

It seems your rig can do 2.39W/Sol/s. For most rigs, they can only do 3W/S or more. What is your setup?

[Tmdz]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

You need to recalculate those numbers for eth then...

I put hash rates for a 5 card rig.



That is assuming you can sell those coins for the same amount after you mine them, price will probably drop by then, so you get less actually.

You must seeing something different or get alot less mining Zec than I do,

I get around 1050/sol's mining ZEC as I have more CPU's available than I do GPU's.

If mining ETH, I have about 420MH dual mining so it breaks down like the below for me.

I guess it depends on what you have available as to which is more profitable right now.

Oh ok that explains it then, I have no cpu's mining zec.  If you got the cpu's zec is really good then, considering how much hash you can get for them.

[h311m4n]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

Uhm, yes, it is. I have 3 rigs total, 1172W @ wall for 490S/s. That's almost 24$ a day of profit. No way I can achieve this with ETH.

I use something like 20% less power on the same rig for ZEC.

It seems your rig can do 2.39W/Sol/s. For most rigs, they can only do 3W/S or more. What is your setup?

"Heavy" undervolt

1st rig: 4x RX470 8Gb Nitro+ core 1100/mem 2000, 1500 timing strap and a -137.5mV offset
2nd rig: 4x RX470 4Gb Nitro+ same configuration (2x Elpidas, 2x Hynix)
3rd rig: 2x R390X, just modded with hawai bios editor. I stopped using them with ETH, but with ZEC and the latest claymore, they give me 55S/s each. Can't recall the exact config I put on though, would need to check their bios.

As for profitability, My 2 RX470 rigs would pull out around 114Mh/s each for 530W @ wall. With 228Mh/s, I would mine about 1.5 Eths a day according to https://www.cryptocompare.com/mining/calculator/eth, even with the current difficulty of ETH which has lowered with everybody mining ZEC.

[xleejohnx]

im thinking about the long run on zec
eth will be pos in the next couple of months
so everyone will fall back onto it.. it will never be 1-2 btc per zec again but it will be the coin to mine

[Za1n]

im thinking about the long run on zec
eth will be pos in the next couple of months
so everyone will fall back onto it.. it will never be 1-2 btc per zec again but it will be the coin to mine

You got to take this in perspective, the only reason it was so high at launch was due to the scarcity, not only the normal scarcity of a new coins coming on line, but compounded by the fact of a slow start with fractions of a ZEC as a block reward for the first many blocks.

Further more, much of this "hype" was probably due the speculative manipulations of traders. Keep in mind just because some insignificant amount of zec, say 0.00001 zec sold at 1,300 BTC, doing the math it comes out to 0.013 btc or roughly $10.00. So compound this over many trades and some well off trader who has access to a lot of early mined zec can spend a couple thousand dollars buying some small trades like this to "set" the market price, then sell into the fomo of others. He/she may have even just bought their own sells for a period of time to establish this fake price point.

So understanding all of this, we can see that the block reward was only 1/10th of what it will eventually be most of this period. Right now it is still around 1/3rd of the eventual 10 zec per block the miners will see (with founders getting the other 2.5).

So ignoring the crazy initial bids of the first day(s), as well as to make the math simple, we had a period when the 1 zec block reward was worth roughly 1 btc.

Now we have ~3 zec block rewards when zec is worth ~0.35 btc, so the full block reward is still roughly worth 1 btc in total.

By the end of the month when the block reward is worth the full 10 zec to  miners, I would expect the price to be somewhere around 0.1 zec/btc, or again roughly 1 btc for the full zec block reward.

I am sure it will bounce around all over and go under that somewhat, but then again miners have already left so the difficulty has gone down slightly and the chances of any given miner to earn zec has also went up slightly as a result. In the end it will usually balance out so miners can make a profit, but no it will not be a instant money making machine.

[QuintLeo]

I would not have bought RX480s, they're not really more powerful than the RX470s.

That said, I think ZEC will go back up once they fix their z wallet bug. Also, it's still more profitable to mine than ETH for the moment...

no, it is not.

 Depends on your specific rigs and specific energy costs.

 For *ME* right now ETH is more profitable - but it's close enough that could change tomorrow.


 ETH last announcement I saw was middle of next year for POS - though 2 GB cards will get "DAG size killed" sometime sooner.