Will mining profitability keep going down, or will it stop - or increase?

[h311m4n]

Sorry mate but your arguments make no sense to me.

First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

You're missing the fact that difficulty is skyrocketing because everyone, their mothers, their grandmothers, and their dogs and cats are jumping into the gold rush.  Take a look at any of the profitable coins' hashrate and difficulty charts for the last couple of months.  They go from a gentle upward slope into an abrupt near vertical climb.  So as more people/hashrate come into play, everyone's respective piece of the pie shrinks unless coin prices keep rising at an equal or greater rate.

I'm not missing this at all mate. We've had one of the biggest booms in cryptos in a while over the past few months. I'm making more than 10x the profits I was making last year at the same time, hence I don't get the "rapid decline" the other poster was talking about. Agreed I'm making less than a month ago because most alts are traversing some uncertainty, but the profit I still make today make me very happy.

You can't really blame every last person to jump on this. A lot will regret it though, imho. I still think profitable PoW lies ahead for those who plan things carefully.

[Metroid]

game over trolls,from here on only bloodshed cause whales know noobs got many loans to buy hardware and now whales are just sitting and buying coins from noobs cause noobs need to pay their loans. So much fun and the interesting thing is noobs roi was 8 months now will become 80 years, they will be dead before they get their investment back. Do not worry noobs, i will help you out to pay your loans, i will buy all your coins for 5 times less hehe

[Earlie]

THE biggest, not one of. Whales bought everything they could. Two separate manufacturers and an AMD rep told me that people showed up at their China offices with millions of dollars in cash, and were sent away with no GPU purchase. The trader types have gone bananas for this stuff because they're gamblers and they see people getting rich quick. Everyone wants to be the guy who sold the 10,000 BTC pizza.

Outside of China, the biggest customer for cards right now is Genesis. Manufacturers rolled over when they offered a 15% premium. Many thanks to all their suckers loyal customers!

[Metroid]

Outside of China, the biggest customer for cards right now is Genesis. Manufacturers rolled over when they offered a 15% premium. Many thanks to all their suckers loyal customers!

15% could mean millions of usd, manufactures can't just throw the offer away.

[infested999]

One year ago I was obtained 0.5 eth daily for one rig. Now the daily revenue is much less but the profitability is much higher. I think that after 1 year the profitability will be lower, like bitcoin case because many miners are coming daily.

[ccccccc7]

First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

I am making looking at whattomine 24USD gross per day, as I said this is not far off what I was getting back in November.

During the same time I was earning far more crypto as the difficulty was much much lower.

As for all the "salty noobs", man, what would you do if you were one of them? You'd want to jump on the train while you still could. That said, it's their own fault if they crash and burn because they bought RX cards for 500$ a piece...

I was looking to expand with a new rig to the tune of 5 x 1080ti but now I am hesitant. If people do start dumping GPUs in 1 or 2 months time I will be burned by the price difference so I am thinking to wait.

I first mined years ago. I mined BTC with GPU's in 2012 and then followed onto scrypt coins I dropped out when the profitability diminished and subsequently missed out on an excellent opportunity.

There are, however, plenty of people who, just like I was, will be stupid enough to be FUDed out of crypto.

[h311m4n]

First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

I am making looking at whattomine 24USD gross per day, as I said this is not far off what I was getting back in November.

During the same time I was earning far more crypto as the difficulty was much much lower.

As for all the "salty noobs", man, what would you do if you were one of them? You'd want to jump on the train while you still could. That said, it's their own fault if they crash and burn because they bought RX cards for 500$ a piece...

I was looking to expand with a new rig to the tune of 5 x 1080ti but now I am hesitant. If people do start dumping GPUs in 1 or 2 months time I will be burned by the price difference so I am thinking to wait.

I first mined years ago. I mined BTC with GPU's in 2012 and then followed onto scrypt coins I dropped out when the profitability diminished and subsequently missed out on an excellent opportunity.

There are, however, plenty of people who, just like I was, will be stupid enough to be FUDed out of crypto.

Patience friend. Now is not a time to rush into things. If you have a mining operation going already, then be happy about it because you did not pay for overpriced hardware ;-). You might be suffering from the difficulty and the shortage/price of hardware to expand, but right now feels a bit like one of those periods when people get crazy, dump all their cash into something and end up losing it all.

Like you said yourself, I think many of the new miners do not care too much about the underlying technologies of the crypto coins. They just see this as a fast way to make extra cash and I betcha that come the end of ETH mining, you'll see dozens of posts about "Can't mine ETH anymore, what other coin can I mine?".  They are just like 90% the end users that are too dumb to think and do their own research and expect you to do it for them.

The truth is that cryptos will change our lives in the near future and many people seem to be completely oblivious to this fact.

[flower1024]

One year ago I was obtained 0.5 eth daily for one rig. Now the daily revenue is much less but the profitability is much higher. I think that after 1 year the profitability will be lower, like bitcoin case because many miners are coming daily.

Yes many people are entering into the mining field, and all people know now the Bitcoin mining is very tough so the next choice is eth or zcash or monero. Some people are started to do dual mining. So how the competition is increase like that the profitability also decrease. Now how bitcoin miners shifted to ETH like that next year, some other new currency will come we have to shift that currency.

[sundownz]

Profits on my nVidia cards since the initial dip have remained very stable.

But the algo they prefer is moving around alot... on my 1080s they are starting to like X11Gost in addition to Lyra2Rev2 and Lbry.

Even my 1060s/1070s switched to X11Gost for a bit last night.

Mining on NiceHash.

My AMD cards doing Etherium (Dagger) have been slowly declining in profitability at a pretty constant rate.

[fistfullofbtc]

i used to make 25 dollars a day off 5 x gtx 1070, now i make 12 dollars max. so half, but it does seem like a lot are jumping in. people are building rigs without a clue expecting easy money.

[Marvell1]

lol these genius questions kill me.. if you have to ask .... lool

[Marvell1]

game over trolls,from here on only bloodshed cause whales know noobs got many loans to buy hardware and now whales are just sitting and buying coins from noobs cause noobs need to pay their loans. So much fun and the interesting thing is noobs roi was 8 months now will become 80 years, they will be dead before they get their investment back. Do not worry noobs, i will help you out to pay your loans, i will buy all your coins for 5 times less hehe

lol ^ this ^

I took out loans to expand my farm but that was december last year 90 percent paid off just in the nick of time tee hee, Ive lost out on millions in revenue selling eth to low , now the whales are in control both on the mining side (raising the the diff, buying up 90 percent of hardwarestocks) and now dumping eth and every other alt to oblivion which then

puts pressure on folks like you said took loans to buy overpriced hardware may june july in reponse to the manipulated eth pump.

now price is coming back to reality and ppl are panicking duh the whales have always been in control

[PanneKopp]

This is just the beginning.

We will see further decline in mining rewards.

Only most efficient or running lowest power costs miners will survive the game.

Greedy noobs investing now will never ROI.

We will have a tsunami of used GPUs in 3 months.

Seen this all before.

 

P.S. welcome to the ICE-AGE next year

[Marvell1]

This is just the beginning.

We will see further decline in mining rewards.

Only most efficient or running lowest power costs miners will survive the game.

Greedy noobs investing now will never ROI.

We will have a tsunami of used GPUs in 3 months.

Seen this all before.

 

P.S. welcome to the ICE-AGE next year

cant blame the so called noobs for jumping in, the problem is too many over extended themselvs with loans and
morgaging thier cribs etc , which makes them sell everthing that they mine at these bargain basement prices instead of holding for a month or two but they have loans to pay. 

as the whales keep tightening the pressure via diff increases and more altcoin and bitcoin news spinning bs like segwit will kill btc etc, too many icos killing eth fud... more newbs will panic instead of standing firm and dump thier gear stupidly.

smart money right now is to hold on tight to your gear and mined assets at least till after aug 1 , and then reasses your options , at some point there will be a pump. 

not a good time to expand yeah unless you are sitting on alot of pure btc or fiat, but a terrible time to sell atm

if anything im buying assets like golem, augur pay, dct etc , anything thats solid and down over 10 percent im loading up for tha pump

[Metroid]

People are stupid or want to be stupid, if they buy hardware now then they will never roi, in few weeks we will have eth reduction from 5 to 2.5 or 3, that is 100% in profitability, ice-age coming, block reward, from  15 to 30 seconds, that is another 100% in profitability. The difficulty is vastly increasing,at least expect 30% increase, next few weeks, polaris cards are going to hell in few weeks, for amd users, that will be 25% less money, so meaning at least 300% decrease in your daily profitability. If you make today $2.40, you will be making $0.70 in few weeks and that if eth holds the price is right now because if it crashes more than this then people will start committing suicide, people who bought expensive hardware will never roi, people who took loans will have very problematic coming months, they will probably have to sell their kidneys, arms, legs, hearts to pay back loans, same thing happened in 2013. In few weeks will be so many rx 480, rx 580 and gtx 1070 selling for 50% off.

[fistfullofbtc]

People are stupid or want to be stupid, if they buy hardware now then they will never roi, in few weeks we will have eth reduction from 5 to 2.5 or 3, that is 100% in profitability, ice-age coming, block reward, from  15 to 30 seconds, that is another 100% in profitability. The difficulty is vastly increasing,at least expect 30% increase, next few weeks, polaris cards are going to hell in few weeks, for amd users, that will be 25% less money, so meaning at least 300% decrease in your daily profitability. If you make today $2.40, you will be making $0.70 in few weeks and that if eth holds the price is right now because if it crashes more than this then people will start committing suicide, people who bought expensive hardware will never roi, people who took loans will have very problematic coming months, they will probably have to sell their kidneys, arms, legs, hearts to pay back loans, same thing happened in 2013. In few weeks will be so many rx 480, rx 580 and gtx 1070 selling for 50% off.

i bought my rig on interest free for a year. my cards are gtx1070 x 6. they sell for 300 gdp minimum so 1800 gdp. i paid total 3000gdp for rig. in the 3 months mining not all 6x gtx 1070 i have made 1000gdp minimum, so i sell today at no loss. or wait and sell later, it is a gamble but life is a gamble. people that invested 10k's then maybe not the best idea, but only time will tell and thousands have been proved wrong time and time again.

[Ayers]

i think yes for now, mining is always up and down like trading, now everything is red like in winter season, but will return to green in autumn season, it's always like that, you must be new here if you believe otherwise, don't worry the market will recover

[Yaunfitda]

i think yes for now, mining is always up and down like trading, now everything is red like in winter season, but will return to green in autumn season, it's always like that, you must be new here if you believe otherwise, don't worry the market will recover

That is right. But I think the mining profit will go down in the short term at least.

[fanatic26]

If you took loans out to buy mining rigs, you deserve to go bankrupt. I cant believe people would be so stupid as to do something like that.

[thesmokingman]

If you took loans out to buy mining rigs, you deserve to go bankrupt. I cant believe people would be so stupid as to do something like that.

Greed knows no limits