Profitability

[Jmattes]

My hardware is still within it's 30 day no question asked return window..
It is very tempting to just pack it up, haha.

[dandreark1]

If people did the investment research and applied it to the mining world there'd be such a better understanding for how things can go..

I subscribe to Teeka Tiwari of the Palm Beach Group of hes been traveling the world reporting on crypto, the developers, cause and effect, and ETH as a whole.. he's been an incredible real time source of ETH news.

[palgin]

Market crash is something that everybody should expect when mining goes to masses, driven by mass media in several countries. Everyone who has been in this game for 3-4 years should remember exactly the same state. And as the wheel rolls, hype-people will leave, enthusiasts will stay.

[dandreark1]

Market crash is something that everybody should expect when mining goes to masses, driven by mass media in several countries. Everyone who has been in this game for 3-4 years should remember exactly the same state. And as the wheel rolls, hype-people will leave, enthusiasts will stay.

Agreed, along with the possibility of Casper not being implemented in time for PoS, there is a possibility for the difficulty clock to be reset.

[thesmokingman]

The comments in all these "profitability threads" have me feeling one way about the impending crash.....



If you've thought about it, so have the millions of other miners. People forget there are MILLIONs of GPUs mining ETH and only a few thousand to hundred thousand mining most other coins. What do people think will happen to Zec when the number of GPUs mining it goes from a few hundred thousand to a million+ gpus? Block times for ETH are about to bump up to 20 seconds in approx two weeks and again up to 30 seconds by September approx if NO hash is added to ETH. We all know that's not going to happen, so the next few weeks we will see which miners have a solid plan to mine at razor thin margins or potentially even at a loss till the market thins out.....oh there's my popcorn

[Pennywis3]

[dandreark1]

The comments in all these "profitability threads" have me feeling one way about the impending crash.....



If you've thought about it, so have the millions of other miners. People forget there are MILLIONs of GPUs mining ETH and only a few thousand to hundred thousand mining most other coins. What do people think will happen to Zec when the number of GPUs mining it goes from a few hundred thousand to a million+ gpus? Block times for ETH are about to bump up to 20 seconds in approx two weeks and again up to 30 seconds by September approx if NO hash is added to ETH. We all know that's not going to happen, so the next few weeks we will see which miners have a solid plan to mine at razor thin margins or potentially even at a loss till the market thins out.....oh there's my popcorn

I can't speak for other people when it comes to 'thinking about it', I don't know that all these miners have a plan for when ETh goes PoS, they could just give up? They might not understand value of other coins, who knows? You can't say for certain.. Because clearly people like to follow a trend of believing 100% impending doom on mining that was apparently suppose to happen, a while ago.. Last month..3 months from now, 5 months, you name it.

I understand the difficulty rising and lowering  ROI, but I would have to say the likelihood of millions of GPU's merely switching coins, versus a fire sale of their equip, isn't going to be as high as it seems you think it may.. I think people will give up that are eth dependent and the people that have been in it and know what they're doing will persist, with higher difficulty.

[Jmattes]

Mining on a gpu is over.. Get out while you can..
If you need someone to buy your gpu, send me a pm

   wahaha
I kid..

I wish I stayed around the last time difficult got bad and profit dried up..
I think I will stick around this time.

[dandreark1]

Mining on a gpu is over.. Get out while you can..
If you need someone to buy your gpu, send me a pm

   wahaha
I kid..

I wish I stayed around the last time difficult got bad and profit dried up..
I think I will stick around this time.

If you know what you're doing and got in at the right time there are a couple avenues to take for when ETH shits the bed(PoS). I have my plan. Happy to hear you'll be sticking around. Not denying things wont be hard but I think it's the right choice versus shitting your pants and selling good hardware. But hey, that's what a ton of people will do. Looking forward to referencing this thread in December with full breakdowns.

[Jmattes]

I am still within me 30 day return window.. So I totally didn't get in at the right time.
But, I have a few bucks to play with to see if I can make some money long term.

If you have a good recommendation as to where to point m (2) 1080ti's, I would appreciate.
You can PM me .

[dandreark1]

I am still within me 30 day return window.. So I totally didn't get in at the right time.
But, I have a few bucks to play with to see if I can make some money long term.

If you have a good recommendation as to where to point m (2) 1080ti's, I would appreciate.
You can PM me .

of course

[adaseb]

Last week.

RX 470 4GB made $7/day with dual mining

Today...

$3.50/day


Still profitable but a crazy drop in such a short amount of time...

[f5alcon]

Last week.

RX 470 4GB made $7/day with dual mining

Today...

$3.50/day


Still profitable but a crazy drop in such a short amount of time...

I wouldn't be surprised if it gets chopped in half again, then lots of people will start to quit.

[adaseb]

Last week.

RX 470 4GB made $7/day with dual mining

Today...

$3.50/day


Still profitable but a crazy drop in such a short amount of time...

I wouldn't be surprised if it gets chopped in half again, then lots of people will start to quit.

People will quit when it goes down to $0.50/day maybe...

[swogerino]

It is going down unfortunately. I just jumped into the game and bought 3 Sapphire Pulse RX 580 4GB, they were doing 4.5 USD at the beginning in ethereum, today only 2.5 and this with overclocking the memory to 2000 I heard experienced people here say and I did it.
I bought one RX 580 for the price of 399 USD at ebay, prices are even higher now and I wonder why when the profitability going down. Maybe it is better to wait when Ethereum is not profitable and mine some new coins.

[Monayman]

I've only been back into mining for about a month or so.
Got in late after litecoin, too.
Stopped mining when it was no longer "profitable", in 2014 or so, and sold off my rigs.
Still managed to double/triple my original investment over time, and only doubled because I was stupid enough to stop following markets, (losing lots of shitcoins due to delistings, when I could have sold them for small fortunes - bad so much eac and xsi 😪).
I basically had given up.
So here's what I think after the last BTC rally.
I am ignoring current profitability and ROI calcs.
What I care about is how much hardware I can have up and running to accumulate cryptos I either genuinely believe in or that I believe will pump eventually.
I am basing my profit projections on how much my BTC will be worth when one BTC will cost 10, 20, 30, 100k, years and years from now. Block chain and cryptos are here to stay, and they will grow into a monster. We haven't seen anything yet.
This is a marathon, not a sprint.
At this stage It's far too speculative to invest in unless you stand to lose the money you put into your hardware.
But if you wait long enough, you will make money.
every now and then another crypto will pop up that will even show you day to day gains, Like ltc once did, like eth and others are showing now, but as far as I see it, that's only good because it lets me buy more equipment and set aside for power costs when times get rough.

ANd until the next rally, I will be buying all of the equipment being dumped by the shaky newbs (like I did last time!)

[dandreark1]

It is going down unfortunately. I just jumped into the game and bought 3 Sapphire Pulse RX 580 4GB, they were doing 4.5 USD at the beginning in ethereum, today only 2.5 and this with overclocking the memory to 2000 I heard experienced people here say and I did it.
I bought one RX 580 for the price of 399 USD at ebay, prices are even higher now and I wonder why when the profitability going down. Maybe it is better to wait when Ethereum is not profitable and mine some new coins.

Mining alternate coins and shape shifting into ETH has strong promise for mining speed, at least.. Amazing the price of these gpu's now, 12 of my 580's were 249.99.

I've been collectively hashing around 600 mh/s all pointed at ETH in my dpool and it's gone from 60$ to 54$ per day.. noticeable drop yeah no doubt. Just re evaluating the best and most profitable methods. and praying for a difficulty clock reset before Casper get's it's chance to come into the picture.

[dandreark1]

I've only been back into mining for about a month or so.
Got in late after litecoin, too.
Stopped mining when it was no longer "profitable", in 2014 or so, and sold off my rigs.
Still managed to double/triple my original investment over time, and only doubled because I was stupid enough to stop following markets, (losing lots of shitcoins due to delistings, when I could have sold them for small fortunes - bad so much eac and xsi 😪).
I basically had given up.
So here's what I think after the last BTC rally.
I am ignoring current profitability and ROI calcs.
What I care about is how much hardware I can have up and running to accumulate cryptos I either genuinely believe in or that I believe will pump eventually.
I am basing my profit projections on how much my BTC will be worth when one BTC will cost 10, 20, 30, 100k, years and years from now. Block chain and cryptos are here to stay, and they will grow into a monster. We haven't seen anything yet.
This is a marathon, not a sprint.
At this stage It's far too speculative to invest in unless you stand to lose the money you put into your hardware.
But if you wait long enough, you will make money.
every now and then another crypto will pop up that will even show you day to day gains, Like ltc once did, like eth and others are showing now, but as far as I see it, that's only good because it lets me buy more equipment and set aside for power costs when times get rough.

ANd until the next rally, I will be buying all of the equipment being dumped by the shaky newbs (like I did last time!)

You couldn't of said it any better my friend, only thing i'm not entirely positive on is the longevity of BTC. How promising it will be in the future with how applicable Ethereum is and what it'll be able to achieve. BTC is a huge driving force no doubt, you think BTC will increase in value at this point? Or even stay relevant?..

[VoskCoin]

I've only been back into mining for about a month or so.
Got in late after litecoin, too.
Stopped mining when it was no longer "profitable", in 2014 or so, and sold off my rigs.
Still managed to double/triple my original investment over time, and only doubled because I was stupid enough to stop following markets, (losing lots of shitcoins due to delistings, when I could have sold them for small fortunes - bad so much eac and xsi 😪).
I basically had given up.
So here's what I think after the last BTC rally.
I am ignoring current profitability and ROI calcs.
What I care about is how much hardware I can have up and running to accumulate cryptos I either genuinely believe in or that I believe will pump eventually.
I am basing my profit projections on how much my BTC will be worth when one BTC will cost 10, 20, 30, 100k, years and years from now. Block chain and cryptos are here to stay, and they will grow into a monster. We haven't seen anything yet.
This is a marathon, not a sprint.
At this stage It's far too speculative to invest in unless you stand to lose the money you put into your hardware.
But if you wait long enough, you will make money.
every now and then another crypto will pop up that will even show you day to day gains, Like ltc once did, like eth and others are showing now, but as far as I see it, that's only good because it lets me buy more equipment and set aside for power costs when times get rough.

ANd until the next rally, I will be buying all of the equipment being dumped by the shaky newbs (like I did last time!)

Haha I love it, nothing ventured, nothing gained

[Monayman]

I've only been back into mining for about a month or so.
Got in late after litecoin, too.
Stopped mining when it was no longer "profitable", in 2014 or so, and sold off my rigs.
Still managed to double/triple my original investment over time, and only doubled because I was stupid enough to stop following markets, (losing lots of shitcoins due to delistings, when I could have sold them for small fortunes - bad so much eac and xsi 😪).
I basically had given up.
So here's what I think after the last BTC rally.
I am ignoring current profitability and ROI calcs.
What I care about is how much hardware I can have up and running to accumulate cryptos I either genuinely believe in or that I believe will pump eventually.
I am basing my profit projections on how much my BTC will be worth when one BTC will cost 10, 20, 30, 100k, years and years from now. Block chain and cryptos are here to stay, and they will grow into a monster. We haven't seen anything yet.
This is a marathon, not a sprint.
At this stage It's far too speculative to invest in unless you stand to lose the money you put into your hardware.
But if you wait long enough, you will make money.
every now and then another crypto will pop up that will even show you day to day gains, Like ltc once did, like eth and others are showing now, but as far as I see it, that's only good because it lets me buy more equipment and set aside for power costs when times get rough.

ANd until the next rally, I will be buying all of the equipment being dumped by the shaky newbs (like I did last time!)

You couldn't of said it any better my friend, only thing i'm not entirely positive on is the longevity of BTC. How promising it will be in the future with how applicable Ethereum is and what it'll be able to achieve. BTC is a huge driving force no doubt, you think BTC will increase in value at this point? Or even stay relevant?..

Although what I think is only worth what you paid for it, I will say that as long as I feel that the value of other cryptos will rest on the value of BTC, then that's where I will hedge most of my gains.
I think that the real gains will come with higher adoption rates, when BTC and/or whenever other cryptos stop being seen as commodities and start serving as the currency BTC was designed to be.
And all technical issues aside, I think that BTC is definitely the crypto with the most exposure to the masses, which is why I feel it has a fairly solid future.