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

[NPFC]

As new coins release that helps spread the miners, but these ICOs arent helping much.

[1713924074]

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[1713924074]

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[Tmdz]

The noobs will commit suicide.

No point in buying gpus at this point when profit is getting less and less and prices on gpus continue getting jacked up by manufacturers. 

[grape_tectonics]

The noobs will commit suicide.

No point in buying gpus at this point when profit is getting less and less and prices on gpus continue getting jacked up by manufacturers. 

Its not the manufacturers that jacked up the prices, its the retailers figuring out how massive the demand is. Some of them were still selling rx 570's at sub €200 prices while the second hand auctions were already reaching €350, its only a few weeks ago that they finally adjusted their prices "appropriately".

[ActiveP]

It all depends on mining difficulty, mining during its early days was pure gold, with only a few miners it was easier. There a lot more miners now and I expect there will be more as bitcoin adoption and popularity increases. Difficulty will almost always increase every month, so your hardware will earn less coins each month.

Also keep in mind that the exchange rate is up and down, Your profits depends on how long you hold your coins, or the value when you sell. You could mine now, and sell a few years down the line, If bitcoin is valued at $15,000 for example, you profit would be much higher than if you sell now at $2500.

You need to keep track of your cost - electricity and other bills, spending and your trades to make sure your calculations are correct, and you are making some profit now before investing in new hardware. The profits will come, most big miners take a long term view when looking at profits, but trade enough to cover your cost.

In terms of overall gaming performance, the graphical capabilities of the Nvidia GeForce GTX 1070 MSI Founders 8GB Edition are significantly better than the AMD Radeon RX 470 4GB

[fistfullofbtc]

holding in the past has worked out but no one knows the future, i have no problems taking profit, regret is always hard, but any profit is profit, holding could go south as much as up.

[Tmdz]

In a couple of hours difficulty will take a BIG jump on eth, perhaps about 30%

[fistfullofbtc]

ive just sold my rig for pretty much what i paid for it 3 months ago, cold hard cash just seems better right now.

[Ocatin]

It all depends on mining difficulty, mining during its early days was pure gold, with only a few miners it was easier. There a lot more miners now and I expect there will be more as bitcoin adoption and popularity increases. Difficulty will almost always increase every month, so your hardware will earn less coins each month.

Also keep in mind that the exchange rate is up and down, Your profits depends on how long you hold your coins, or the value when you sell. You could mine now, and sell a few years down the line, If bitcoin is valued at $15,000 for example, you profit would be much higher than if you sell now at $2500.

You need to keep track of your cost - electricity and other bills, spending and your trades to make sure your calculations are correct, and you are making some profit now before investing in new hardware. The profits will come, most big miners take a long term view when looking at profits, but trade enough to cover your cost.

In terms of overall gaming performance, the graphical capabilities of the Nvidia GeForce GTX 1070 MSI Founders 8GB Edition are significantly better than the AMD Radeon RX 470 4GB

I think I will keep on mining as long as there is some profit. In a few years, the coins will worth a lot.