adaseb (OP)
Legendary
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Activity: 3878
Merit: 1733
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March 16, 2017, 04:48:31 AM |
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I am looking at many coins like ETH, ETC, ZEC , ZEC Classic, XMR, DCR, etc.
Seems for the first time in a while that mining is incredibly profitable again and miners have a huge variety of coins to choose.
Price is going up much higher than difficulty can keep up for most coins.
Congrats to everybody that held on to their GPUs instead of selling because profits were minuscule.
Here's to another great GPU mining year .... 2017
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PovertyByte
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March 16, 2017, 06:38:28 AM |
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Short lived
ETH block time is going to get longer and run ETH unprofitable to mine by mid summer. ZEC is waiting to be dumped hardcore
Those two going down will really hurt the mining game. The BTC maximalist suggest the altcoin rise is a giant bubble
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MakeMyDay619
Newbie
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Activity: 20
Merit: 0
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March 16, 2017, 06:54:44 AM |
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Short lived
ETH block time is going to get longer and run ETH unprofitable to mine by mid summer. ZEC is waiting to be dumped hardcore
Those two going down will really hurt the mining game. The BTC maximalist suggest the altcoin rise is a giant bubble
So mine altcoins right now when they are profitable and turn most of them into $$$. When they crash and hit the rock bottom turn off your miner and start buying them for $$$! Once they rebound you will be like mhhhhmmmmmmmm TASTY! Several times higher return then on BTC |
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Tmdz
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March 16, 2017, 06:59:19 AM |
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I really hope the good times can roll for a while, the explosion in alt coins is just crazy.
The icing on the cake is that farms are already saturated with gpus, everyone has been mining for a good year now since the boom last year in eth.
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PovertyByte
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March 16, 2017, 07:30:25 AM |
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Short lived
ETH block time is going to get longer and run ETH unprofitable to mine by mid summer. ZEC is waiting to be dumped hardcore
Those two going down will really hurt the mining game. The BTC maximalist suggest the altcoin rise is a giant bubble
So mine altcoins right now when they are profitable and turn most of them into $$$. When they crash and hit the rock bottom turn off your miner and start buying them for $$$! Once they rebound you will be like mhhhhmmmmmmmm TASTY! Several times higher return then on BTC Bubble or not aside with ETH eventually going PoS and ZEC about to die, I wouldn't buy hardware for mining over the current profits. |
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crazyivan
Legendary
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Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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March 16, 2017, 07:42:44 AM |
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It s the same story all over again, bubble will cause people to buy lots of hardware, the bubble ll burst and then everybody ll be selling rigs and miners for peanuts. This has already happened in 2013/4
Unless you have free or next to free power, be very careful what you buy.
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Amph
Legendary
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Activity: 3248
Merit: 1070
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March 16, 2017, 07:44:01 AM |
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it will hard to see an additional 100k gpu in no time like one/two years ago, this mean that it should remain profitable if investors don't dump
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reelen
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March 16, 2017, 07:53:07 AM |
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Such negativity here. Glad to see an up time like this as a newer miner. Appreciate the caution, but lets smile for now.  |
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Hahnatise
Newbie
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Activity: 32
Merit: 0
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March 16, 2017, 08:00:22 AM |
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Short lived
ETH block time is going to get longer and run ETH unprofitable to mine by mid summer. ZEC is waiting to be dumped hardcore
Those two going down will really hurt the mining game. The BTC maximalist suggest the altcoin rise is a giant bubble
I thought the time bomb has been defused. |
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h311m4n
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March 16, 2017, 08:14:43 AM |
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As always, one should make their own decisions and their own predictions. Some people are going to say this is a bubble stop mining/don't buy hardware because you will lose money, others will say the opposite. At the end of the day, everyone has an agenda, so trust yourself before you trust others and make your decisions based on facts. Just remember that those who got rich during the gold rush were the one's selling the shovels, not the miners...  |
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dagarair
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March 16, 2017, 08:33:53 AM |
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Let's just say its 3am and I am up because I cant sleep thinking about my 60 - 6 card rigs churning! |
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h311m4n
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March 16, 2017, 08:54:34 AM |
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Let's just say its 3am and I am up because I cant sleep thinking about my 60 - 6 card rigs churning! Lol I feel like such an amateur with my 3 rigs xD |
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Dobmaster
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March 16, 2017, 09:04:37 AM |
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As always, one should make their own decisions and their own predictions. Some people are going to say this is a bubble stop mining/don't buy hardware because you will lose money, others will say the opposite. At the end of the day, everyone has an agenda, so trust yourself before you trust others and make your decisions based on facts. Just remember that those who got rich during the gold rush were the one's selling the shovels, not the miners... The profitability is good. But it could be short lived, like what we saw in the past. When ETH goes to PoS, other coins will be less profitable to mine. |
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adaseb (OP)
Legendary
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Activity: 3878
Merit: 1733
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March 16, 2017, 09:19:15 AM |
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People have been saying that mining will not be profitable anymore about a year ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 2 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 3 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 4 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 5 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 6 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 7 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 8 years ago.... yet it still is
I think the only time when mining was very unprofitable was for GPUs during 2014-2015, but you could of bought ASIC and mined BTC back then since the BTC difficulty was flat-lined that year. Antminer S5 /SP20 was a pure winner that year.
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ccccccc7
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March 16, 2017, 10:10:24 AM |
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People have been saying that mining will not be profitable anymore about a year ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 2 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 3 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 4 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 5 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 6 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 7 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 8 years ago.... yet it still is
I think the only time when mining was very unprofitable was for GPUs during 2014-2015, but you could of bought ASIC and mined BTC back then since the BTC difficulty was flat-lined that year. Antminer S5 /SP20 was a pure winner that year.
+1 Mining is profitable!!!! This same FUD has been on this forum for years - I wish I never stopped mining years ago I would have tons more coins/cash |
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shadowhlohavec
Full Member
Offline
Activity: 207
Merit: 100
NoizChain
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March 16, 2017, 10:21:04 AM |
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lol these negative comments  don't forget about ETC,LBRY,UBQ,DCR,EXP,ZCL,XMR... and many new coming. I will tell you just one thing - cryptocurrencies are the payment system of the future! mining will be always profitable |
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chohav
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March 16, 2017, 12:20:00 PM |
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People have been saying that mining will not be profitable anymore about a year ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 2 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 3 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 4 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 5 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 6 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 7 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 8 years ago.... yet it still is
I think the only time when mining was very unprofitable was for GPUs during 2014-2015, but you could of bought ASIC and mined BTC back then since the BTC difficulty was flat-lined that year. Antminer S5 /SP20 was a pure winner that year.
+1 Absolute truth. That has been rotating in every crypto forum since always. I am mining since 2013 and have heard mining is no more profitable hundreds of times. |
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RentGPU
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March 16, 2017, 12:29:45 PM |
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People have been saying that mining will not be profitable anymore about a year ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 2 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 3 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 4 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 5 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 6 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 7 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 8 years ago.... yet it still is
I think the only time when mining was very unprofitable was for GPUs during 2014-2015, but you could of bought ASIC and mined BTC back then since the BTC difficulty was flat-lined that year. Antminer S5 /SP20 was a pure winner that year.
I also remmeber when ppl was saying to me that i will get the max profit in the first 6 months of my mining trip , but now i am 7+ months and the profits is better than before and if it stablize for one more month on this profits i will hit roi , mining is unpredictable just need patience. |
2016 GPU Miner
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philipma1957
Legendary
Offline
Activity: 4298
Merit: 8823
'The right to privacy matters'
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March 16, 2017, 12:30:01 PM |
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Yeah there are ups and there are downs.
but if you keep your gear to coin to cash ratio good there are moves to be made.
Right now just pull your coins in and make sure to convert some to cash in case of a bust.
I am a 20 k guy
I have a mix of gear, coins and cash that add to 20k
I try to be able to shift the above
at the moment I am at 22.5k and light on cash
gear = 11500 mix of sha 256 / gpu pc
coin = 8500
cash = 2500
will need to sell some coin
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nerdralph
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March 16, 2017, 01:56:34 PM |
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People have been saying that mining will not be profitable anymore about a year ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 2 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 3 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 4 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 5 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 6 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 7 years ago.... yet it still is
People have been saying that mining will not be profitable anymore about a 8 years ago.... yet it still is
I think the only time when mining was very unprofitable was for GPUs during 2014-2015, but you could of bought ASIC and mined BTC back then since the BTC difficulty was flat-lined that year. Antminer S5 /SP20 was a pure winner that year.
That's bullshit, even by your own assertions. still, adverb: up to and including the present or the time mentioned To say that mining is still profitable after 8 years means it has been continuously profitable, and you say that it wasn't during 2014-2015. Fall 2015 wasn't even that great for BTC mining either with the S7 driving difficulty up faster than the price increase. In 6 months from now ETH mining won't be as profitable as it is now. I'd even bet that ZEC and XMR won't be as profitable in 6 months as ETH is now. And when I say bet, I mean it. Even odds, power @US10c/kWh, and with a trusted party or trusted escrow. PM me if you wager I'm wrong. |
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