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Author Topic: ROI question on mining rigs  (Read 7786 times)
plbartie
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September 11, 2017, 09:26:57 AM
 #61

At the current prices its going to take a while to ROI and might be better off buying crypto and holding. If you bought your rig 6 months ago before the spike in GPU prices then its a different story.

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Unikol
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September 11, 2017, 09:35:38 AM
 #62

At the current prices its going to take a while to ROI and might be better off buying crypto and holding. If you bought your rig 6 months ago before the spike in GPU prices then its a different story.

If the price of the altcoins are similar to now in the next few months, it is only profitable to mine for the cheap electricity people.
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September 11, 2017, 03:41:26 PM
 #63

At the current prices its going to take a while to ROI and might be better off buying crypto and holding. If you bought your rig 6 months ago before the spike in GPU prices then its a different story.

If the price of the altcoins are similar to now in the next few months, it is only profitable to mine for the cheap electricity people.

Every person has dfferent meaning of profitable. so it all boils down to what do you want to achieve, if your a day to day profit then price right now is kinda low roi may take a while but if your in for a long term then just hodl and dont mind the price dip.

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September 17, 2017, 06:46:18 PM
 #64

At the current prices its going to take a while to ROI and might be better off buying crypto and holding. If you bought your rig 6 months ago before the spike in GPU prices then its a different story.

If the price of the altcoins are similar to now in the next few months, it is only profitable to mine for the cheap electricity people.

People keep saying that you should be better off not buying till its rising;

But mining crypto is similar to purchasing crypto in many respects such as:

If you buy the equipment after the rise;  you do not profit from the rise.  This is key.   So; get used to mining during down times, to fully and actually benefit from the up times.
If you focus on solely one coin/algo, it can be rewarding, but mining only one coin can be a trap.
Long term algo stability (Pick an algo/plan and stick to it unless a better plan/algo develops right in front of you and will remain consistent) will almost always produce more in the long run then short term goals for quick profit.

If you are mining for a business; and pay a premium for power;  your business model is flat-out flawed.

Mining is about future profit; not about short term profit.  If you want short term, go to a casino or the exchanges.

You can still find GPU's for good prices, you just have to work on their time;  not your desire to be ASAP with acquiring them (which everyone seems impatient more and more as I get older).

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Unikol
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October 14, 2017, 04:07:56 PM
 #65

At the current prices its going to take a while to ROI and might be better off buying crypto and holding. If you bought your rig 6 months ago before the spike in GPU prices then its a different story.

If the price of the altcoins are similar to now in the next few months, it is only profitable to mine for the cheap electricity people.

People keep saying that you should be better off not buying till its rising;

But mining crypto is similar to purchasing crypto in many respects such as:

If you buy the equipment after the rise;  you do not profit from the rise.  This is key.   So; get used to mining during down times, to fully and actually benefit from the up times.
If you focus on solely one coin/algo, it can be rewarding, but mining only one coin can be a trap.
Long term algo stability (Pick an algo/plan and stick to it unless a better plan/algo develops right in front of you and will remain consistent) will almost always produce more in the long run then short term goals for quick profit.

If you are mining for a business; and pay a premium for power;  your business model is flat-out flawed.

Mining is about future profit; not about short term profit.  If you want short term, go to a casino or the exchanges.

You can still find GPU's for good prices, you just have to work on their time;  not your desire to be ASAP with acquiring them (which everyone seems impatient more and more as I get older).


That is why I keep on mining all the time and add rigs when I have spare money.
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October 14, 2017, 06:51:32 PM
 #66

Buying and holding is different thing. Mining is one-time buying, and some income depends on much factors till ROI. In case of ROI is not a question that trading is better. If you trade, you can flush your depo. If you mine you can't "DeMine" your rigs except high electricity cost. It's not better or worse. It is different.
JaredKaragen
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December 01, 2017, 06:50:28 AM
 #67

for mining;  the only thing you can factor in is the payback/ROI total vs. the value of the gear if liquidated for sale.  This is true scaling roi in my eyes.

but I don't count on getting things by a time.  I am just excitedwhenever anything is coming in.  Especially is it has paid itself physically off, and/or its profitability margin takes theoretical ROI sooner then the 6-3 month mark.

Link to my batch and script resources here.  

DO NOT TRUST YOBIT  -JK

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Unikol
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January 30, 2018, 09:15:43 AM
 #68

for mining;  the only thing you can factor in is the payback/ROI total vs. the value of the gear if liquidated for sale.  This is true scaling roi in my eyes.

but I don't count on getting things by a time.  I am just excitedwhenever anything is coming in.  Especially is it has paid itself physically off, and/or its profitability margin takes theoretical ROI sooner then the 6-3 month mark.

I bought a card for 300 dollar in 2016. I just sold it for 500 dollar just now. The mining is quite profitable.
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