Profitability

[darthmaul]

I think Vega won't be down that easy. I mean they will struggle but we should be waiting for more time. In anyway we have installed it so better keep them running and try to decrease the cost of may be electricity by means of implementing green energy techniques. This is important because the rate of rx is going to be down to cents per day (worst situations) so we must be able to over our costs with that rate and stay profitable. Here profitable would would means even getting cents per day after the expenses.! I know sounds too vague but it is worth doing that for the time being. We can always get lucky after a year or two when the rate of hashing might change, new tech might come to solve the difficulty problems. Always have positive mining no matter what. :-)

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[BadAstroZA]

Does anyone else see zcash as an extremely solid PoW coin when Eth Ice Age hits or Casper is implemented?
Or am I alone here..

I think a LOT of people will think like this. My plan is just to diversify over the coming months through either:

a) Mine what is most profitable on the day, exchange for other coins. or:
b) Mine what might not be the most profitable on other days just to build up actual number of coins if it's seems like less people mining it that day. or:
c) Some days will just run NiceHash and get paid out in Bitcoin and hold it long term rather than cash out.


Might simply be that option a) above makes the most sense, but I'm definitely not planning to convert any of my holdings to fiat for some time to come.

[Jmattes]

Does anyone else see zcash as an extremely solid PoW coin when Eth Ice Age hits or Casper is implemented?
Or am I alone here..

I think a LOT of people will think like this. My plan is just to diversify over the coming months through either:

a) Mine what is most profitable on the day, exchange for other coins. or:
b) Mine what might not be the most profitable on other days just to build up actual number of coins if it's seems like less people mining it that day. or:
c) Some days will just run NiceHash and get paid out in Bitcoin and hold it long term rather than cash out.


Might simply be that option a) above makes the most sense, but I'm definitely not planning to convert any of my holdings to fiat for some time to come.

I think you hit the nail on the head.. unless mining becomes extremely unprofitable or your electricity is high.. then there is:

D) pack it up and sell the equipment

Haha, I will be doing a combine of A, B, and C over the next coming months. Right now I am doing C until I get my rig situated in my new house and have a weekend free of painting to set up for A and B

[Bothebu]

I was kind of hoping for ETH values to stay depressed for a while.  The difficulty kind of slowed the steep angle upward march for a couple of days.  With the big jump in the ETH price today I am sure that steep angle will resume.  Workers/Rigs on Ethermine.org was hanging around 123k/124k and around 12.2 T/H for the last few days.  It jumped up in the past few hours to 12.7 T/H and 126k workers.  Difficulty is on the move.  Difficulty is going to be measured in Pentahashes shortly.