Bad time to buy mining rigs?

[Amph]

If we consider the cost of electricity in many countries, it is best now not make new rigs. But in some countries, there are low-cost electricity. If you have free electricity, it changes everything.

I'd say anything below 0,10$/kW is still worth it.
You can always build 4-5 GPU rigs with cheaper PSU's and eventualy mine monero for low power usage.
Anyway, i'm still buying GPU's, i think there will always be something to mine, even in a few months when ETH ends and ZEC dissapears into oblivion  

There will always be something to mine.

Besides my RX series, I'm still runing R9's and 79x0 series on ZEC, they don't bring much profit, but still are far from over.

The difficulty that would drop onto everything else after ETH turns PoS and ZEC gets flushed would do more than double the hash rate for everything else. You can't look at the current profitability of XMR or any coin.

If your R9 and 79x0 cards are little profit now, they likely wont be profitable to run soon.

not true, i think there would be a massive sell off of many mining rig, if the diff triple on everything there will be no more profit for everyone, only peanuts for those that have lower than 5 cent electricity

[1714975195]

1714975195

[1714975195]

1714975195

[1714975195]

1714975195

[Alpinat]

If we consider the cost of electricity in many countries, it is best now not make new rigs. But in some countries, there are low-cost electricity. If you have free electricity, it changes everything.

I'd say anything below 0,10$/kW is still worth it.
You can always build 4-5 GPU rigs with cheaper PSU's and eventualy mine monero for low power usage.
Anyway, i'm still buying GPU's, i think there will always be something to mine, even in a few months when ETH ends and ZEC dissapears into oblivion  

There will always be something to mine.

Besides my RX series, I'm still runing R9's and 79x0 series on ZEC, they don't bring much profit, but still are far from over.

The difficulty that would drop onto everything else after ETH turns PoS and ZEC gets flushed would do more than double the hash rate for everything else. You can't look at the current profitability of XMR or any coin.

If your R9 and 79x0 cards are little profit now, they likely wont be profitable to run soon.

not true, i think there would be a massive sell off of many mining rig, if the diff triple on everything there will be no more profit for everyone, only peanuts for those that have lower than 5 cent electricity

If the ETH goes to PoS, then the difficulty for other coins will rise. That is the reason I am not expanding.

[PovertyByte]

If we consider the cost of electricity in many countries, it is best now not make new rigs. But in some countries, there are low-cost electricity. If you have free electricity, it changes everything.

I'd say anything below 0,10$/kW is still worth it.
You can always build 4-5 GPU rigs with cheaper PSU's and eventualy mine monero for low power usage.
Anyway, i'm still buying GPU's, i think there will always be something to mine, even in a few months when ETH ends and ZEC dissapears into oblivion  

There will always be something to mine.

Besides my RX series, I'm still runing R9's and 79x0 series on ZEC, they don't bring much profit, but still are far from over.

The difficulty that would drop onto everything else after ETH turns PoS and ZEC gets flushed would do more than double the hash rate for everything else. You can't look at the current profitability of XMR or any coin.

If your R9 and 79x0 cards are little profit now, they likely wont be profitable to run soon.

not true, i think there would be a massive sell off of many mining rig, if the diff triple on everything there will be no more profit for everyone, only peanuts for those that have lower than 5 cent electricity

If the ETH goes to PoS, then the difficulty for other coins will rise. That is the reason I am not expanding.

ETH is planned to go PoS

ZEC is just a glorified pump and dump coin. The hike back in value is a blessing for me to get more earnings prior to the BTC ETF but besides that it is a coin waiting to die

It will be grim in due time if 2 of the 3 biggest mining coins go down

[ujang1]

Eth go to POS not very soon, also do not forget about ETC and other coins which maybe launch soon.

[azgal0r]

Yeah dont buy rigs please but coins ! So my mining profits will increase.

[PovertyByte]

Eth go to POS not very soon, also do not forget about ETC and other coins which maybe launch soon.

The block time or reward is supposed to scale down profits on ETH and the net hash will flood ETC to dust. ETC needs something to seriously shoot its price to the moon to absorb that net hash. Newly launching coins are often short lived mining profits


DCR may be rising but the coin can have ASIC made for it and will happen when it gets big enough so DCR will not be the mining savior

XZC will hardfork to a new algo that is CPU mining so that will not save the GPU mining scene



You are banking on an ETC miracle, or a miracle mining coin to hold out. Maybe XMR moons and that will keep everything afloat. Best hope that Poloniex adds ZCL to pump that up a bit prior to the Zencash fork leading to a nice big fat Zencash price tag to save the day

[joerazor]

12 months ago, people were asking the same question! "Is it too late to start mining ETH?"

And the answer I saw most of the time is "YES, ITS TOO LATE"

In July2011 when BTC rose from $1.00 to $31.00, I saw people asking "Is it too late to buy BTC?" and 95% of the answers was "YES, UR LATE TO THE PARTY"

Let me tell you one thing.. It's never too late!

Good luck.

[Hutalar]

Eth go to POS not very soon, also do not forget about ETC and other coins which maybe launch soon.

The block time or reward is supposed to scale down profits on ETH and the net hash will flood ETC to dust. ETC needs something to seriously shoot its price to the moon to absorb that net hash. Newly launching coins are often short lived mining profits


DCR may be rising but the coin can have ASIC made for it and will happen when it gets big enough so DCR will not be the mining savior

XZC will hardfork to a new algo that is CPU mining so that will not save the GPU mining scene



You are banking on an ETC miracle, or a miracle mining coin to hold out. Maybe XMR moons and that will keep everything afloat. Best hope that Poloniex adds ZCL to pump that up a bit prior to the Zencash fork leading to a nice big fat Zencash price tag to save the day

That is right. If ETH goes to PoS, the hash rate from the ETH to ETC will make it not so profitable.

[philipma1957]

If we consider the cost of electricity in many countries, it is best now not make new rigs. But in some countries, there are low-cost electricity. If you have free electricity, it changes everything.

I'd say anything below 0,10$/kW is still worth it.
You can always build 4-5 GPU rigs with cheaper PSU's and eventualy mine monero for low power usage.
Anyway, i'm still buying GPU's, i think there will always be something to mine, even in a few months when ETH ends and ZEC dissapears into oblivion  

There will always be something to mine.

Besides my RX series, I'm still runing R9's and 79x0 series on ZEC, they don't bring much profit, but still are far from over.

The difficulty that would drop onto everything else after ETH turns PoS and ZEC gets flushed would do more than double the hash rate for everything else. You can't look at the current profitability of XMR or any coin.

If your R9 and 79x0 cards are little profit now, they likely wont be profitable to run soon.

not true, i think there would be a massive sell off of many mining rig, if the diff triple on everything there will be no more profit for everyone, only peanuts for those that have lower than 5 cent electricity

If the ETH goes to PoS, then the difficulty for other coins will rise. That is the reason I am not expanding.

ETH is planned to go PoS

ZEC is just a glorified pump and dump coin. The hike back in value is a blessing for me to get more earnings prior to the BTC ETF but besides that it is a coin waiting to die

It will be grim in due time if 2 of the 3 biggest mining coins go down

I completely disagree with this.

ZEC is a rebate/commercial supported by

INTEL
AMD
NVIDIA
ASUS
ASROCK
BIOSTAR
EVGA
GIGABYTE
MSI
SAPPHIRE
POWERCOLOR
CORSAIR
SEASONIC
ANTEC
GEIL
MUSHKIN

AND MANY OTHER COMPANIES

simple economics  any of the companies above simply buy some coin to prop up its price.

this encourages miners to buy gear.

why is ZEC  the best coin for this at the moment?

market cap is small so it is easy to support the  price.

[Tmdz]

12 months ago, people were asking the same question! "Is it too late to start mining ETH?"

And the answer I saw most of the time is "YES, ITS TOO LATE"

In July2011 when BTC rose from $1.00 to $31.00, I saw people asking "Is it too late to buy BTC?" and 95% of the answers was "YES, UR LATE TO THE PARTY"

Let me tell you one thing.. It's never too late!

Good luck.

We can never predict the future but we can learn from the past.

ETH profit is finally back, after months of stagnant price and a rising difficulty.  There is no telling how crazy Eth can get, but it is certainly making splashes.

With bitcoin we had asic and that gave the hashing power to the corporations.  With ethereum it is planned to go POS one day which will give rewards to the share holders.

I personally don't see the big farms very willing to suddenly give up 80% of their profits over night for POS.  That is where the difficulty bomb comes in, and the dag file.  Even still it is hard to imagine many investors would want to mess with a system that is working.

[arielbit]

If we consider the cost of electricity in many countries, it is best now not make new rigs. But in some countries, there are low-cost electricity. If you have free electricity, it changes everything.

I'd say anything below 0,10$/kW is still worth it.
You can always build 4-5 GPU rigs with cheaper PSU's and eventualy mine monero for low power usage.
Anyway, i'm still buying GPU's, i think there will always be something to mine, even in a few months when ETH ends and ZEC dissapears into oblivion  

There will always be something to mine.

Besides my RX series, I'm still runing R9's and 79x0 series on ZEC, they don't bring much profit, but still are far from over.

The difficulty that would drop onto everything else after ETH turns PoS and ZEC gets flushed would do more than double the hash rate for everything else. You can't look at the current profitability of XMR or any coin.

If your R9 and 79x0 cards are little profit now, they likely wont be profitable to run soon.

not true, i think there would be a massive sell off of many mining rig, if the diff triple on everything there will be no more profit for everyone, only peanuts for those that have lower than 5 cent electricity

If the ETH goes to PoS, then the difficulty for other coins will rise. That is the reason I am not expanding.

ETH is planned to go PoS

ZEC is just a glorified pump and dump coin. The hike back in value is a blessing for me to get more earnings prior to the BTC ETF but besides that it is a coin waiting to die

It will be grim in due time if 2 of the 3 biggest mining coins go down

I completely disagree with this.

ZEC is a rebate/commercial supported by

INTEL
AMD
NVIDIA
ASUS
ASROCK
BIOSTAR
EVGA
GIGABYTE
MSI
SAPPHIRE
POWERCOLOR
CORSAIR
SEASONIC
ANTEC
GEIL
MUSHKIN

AND MANY OTHER COMPANIES

simple economics  any of the companies above simply buy some coin to prop up its price.

this encourages miners to buy gear.

why is ZEC  the best coin for this at the moment?

market cap is small so it is easy to support the  price.

it is a win-win for them at the moment, the 1080 ti is still fresh and Vega release date is near, miners are enticed to buy the newer and faster or older and cheaper (older models are reducing prices).

[ujang1]

The profit has grown significantly recently and I think that will continue to grow