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Author Topic: Ethereum 30% hashrate drop for RX400/RX500 incoming soon?  (Read 11841 times)
JustCauseBIH
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July 11, 2017, 11:37:32 AM
 #101

Well, i paid 10 RX 47/570 for average 200$ month ago and now using electricity for 0.07$. What can you tell me to scare me out of mining? Do your best.
DrG
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July 11, 2017, 12:01:03 PM
 #102

Well, i paid 10 RX 47/570 for average 200$ month ago and now using electricity for 0.07$. What can you tell me to scare me out of mining? Do your best.

There is no reason for scare tactics.

An opportunist with hindsight would have noted, however, that somebody who mined for 10 months, sells the cards for 2.5x what he bought, waits 5 months for new Vega cards to hit market while GPU mining is in the doldrums again would probably do better than somebody who just keeps on mining with the 10 cards.

But it takes work to sell the cards and patience to buy the new ones on sale and redo the rigs. For optimum profits work is required. For an easy quarter to a dollar a day you can just sit on the cards.
Raziel__
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July 11, 2017, 12:02:02 PM
 #103

With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.

Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.

For one card yes, but even now you can only make 2$/day with the same card, time will tell.

This is madness. Prepare yourself miners, winter is here!
Mattthev
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July 11, 2017, 02:08:12 PM
 #104

Just sell you cards Cheesy I need some RX for good prices.

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iamnewhere
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July 11, 2017, 02:17:57 PM
 #105

Just sell you cards Cheesy I need some RX for good prices.

how can you buy now cards while all encryption currencies collabs and the world stops turning?  Huh Shocked Grin Grin Grin Grin
dandreark1
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July 11, 2017, 03:22:08 PM
 #106

Think about it this way.

You are better off buying AMD RX right now even with these small hashrate drops than you are buying NVIDIA right now which doesn't have this issue.

Because by the time the hashrate drops 30%, most of us won't be mining anymore.

Its better making $6/day NOW but paying half for a GPU than making a similiar amount but paying double for the NVIDIA GPU.

Because by the time you ROI that NVIDIA we all will be making $0.25/day with our GPUs and the hashrate drop won't mean much.

But the AMD people will come out ahead since the GPU was paid for multiple times and not the NVIDIA people.

this is a very good point not many people consider being AMD owners from this May-present
Murtiya
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July 11, 2017, 03:52:56 PM
 #107

With the current profitability, gpu's will start pilling up on computer stores hehe, mining is already not worth for many people in many countries cause the electricity cost takes most of the profit.

Pretty sure most people pay $0.10/kwh and for mining to be break even they would need to make less than $0.36/day. Which is a long ways away.

For one card yes, but even now you can only make 2$/day with the same card, time will tell.

 2$/day profit is actually very good.
ChrisCollins322
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July 18, 2017, 05:25:54 AM
 #108

0.10? isnt it too much?Huh
I"m paying smth like 0.07

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Muhtaixa
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July 18, 2017, 08:07:38 AM
 #109

0.10? isnt it too much?Huh
I"m paying smth like 0.07

In Europe, the average price is like 0.15.

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h311m4n
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July 18, 2017, 08:14:14 AM
 #110

0.10? isnt it too much?Huh
I"m paying smth like 0.07

I'm paying 0.16, got solar panels on the roof though, which helps.

Got 36 cards running, make about 1.50$/card/day. Got 75A available at home, some more GPUs on preorder...

Electricity/water bill for the entire house can be paid with about a week's worth of mining. All rigs are paid off, investments are diversified. Not too scared for the future and I don't get the panic. Worst case you turn your rigs off..............
rohitdhaka
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September 12, 2017, 04:54:41 AM
 #111

my rx580 work fine, if your rx580 hash rate drope then msg me i can help you. today 12 september 2017 my rx 580 pulse dual minning hash rate is 29.800 mh/s and dcr  1785 mh/s.

punitdhaka@gmail.com
elrian
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September 16, 2017, 07:58:25 PM
 #112

my rx580 work fine, if your rx580 hash rate drope then msg me i can help you. today 12 september 2017 my rx 580 pulse dual minning hash rate is 29.800 mh/s and dcr  1785 mh/s.

punitdhaka@gmail.com

Hi, Ive send you an email.
Daywalker_313
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December 21, 2017, 02:48:06 AM
 #113

Seems the day has finally arrived. And I just started mining a week ago Cry

Seems I need a few more other cards besides my rig of 6 RX570.

Anyone the same issue? From 29 mh down to 21 mh...
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