gpu bubble well and truly bursting

[Facinat]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Also

4/2013

For the People in Western Europe, if the difficulty of ETH doubles, it is break even to mine.

[1715131120]

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[adaseb]

Well for anyone mining ZEC

It looks like the daily profitability is exactly what it was back in March 2017, right before the bubble.

Been a crazy ride all the way up to like $5/day with a 280X and back down to ~$1/day.


ETH pretty soon will also reach the March 2017 profitability levels in a few weeks.

[QuintLeo]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Also

4/2013

 What was supposedly high profit in the Feb-Apr 2016 timeframe, even in the same BALLPARK as the last 4 months?
 Ditto April 2014 - X11 profitability had already collapsed by then and Scrypt collapsed a month or two before X11 did (to be fair that 10-12 2013 should be more like 10/2013-2/2014 approximately)

[adaseb]

Yes, you CAN earn good money today with crazy-high electric rates - but that is NOT the norm, and has only been the case TWICE in the history of Cryptocoin to date.

10-12/2013
2-4/2016
3-6/2017

:-)

Also

4/2013

 What was supposedly high profit in the Feb-Apr 2016 timeframe, even in the same BALLPARK as the last 4 months?
 Ditto April 2014 - X11 profitability had already collapsed by then and Scrypt collapsed a month or two before X11 did (to be fair that 10-12 2013 should be more like 10/2013-2/2014 approximately)

X11 was never profitable. I think somewhere around 4/2014 it started to become very very unprofitable for the people with 7950/7970.

[QuintLeo]

X11 WAS profitable - both during most of the Litecoin craze days (though usually not AS profitable as Litecoin) and for a few weeks to a month after Litecoin collapsed, as folks scrambled for something else to mine and eventually swamped the few other options or ended up dropping out of GPU mining entirely.

 It was still profitable after that - for folks with VERY CHEAP of free electric, but it quickly hit "breakeven" to a hair worse for those of us that were paying 8c/kwh or more.

[Metroid]

X11 was always a scam and still is.

[antantti]

What was supposedly high profit in the Feb-Apr 2016 timeframe, even in the same BALLPARK as the last 4 months?

Eth starting it's first run which ended to dao + dcr launch 2/2016. 20MH on eth/ 2GH on dcr made you an easy 5€/ day. Cards that didn't scale well on eth (980, 980ti) made better profits on dcr.

Also eth launch 8/2015 was really good (tahiti 10€/ day) but price tanked quite soon.

[Metroid]

I guess the way things are going, soon many miners will start committing suicide, I love the prospect of it. I mean right now, the whole world might be mining and dumping altcoins to pay their loans, soon only few miners will be left mining with $0.05 per card a day, like used to be hehe

[sadyas]

I guess the way things are going, soon many miners will start committing suicide, I love the prospect of it. I mean right now, the whole world might be mining and dumping altcoins to pay their loans, soon only few miners will be left mining with $0.05 per card a day, like used to be hehe

It is still profitable to mine. However, the profitability is much lower.

[plbartie]

It will bounce back better and stronger than ever. Just need patience

[rdluffy]

I guess the way things are going, soon many miners will start committing suicide, I love the prospect of it. I mean right now, the whole world might be mining and dumping altcoins to pay their loans, soon only few miners will be left mining with $0.05 per card a day, like used to be hehe

Yes, you are right, I already commited suicide, twice, can you believe?

[QuintLeo]

Given the current rumblings out of China, we might be looking at THE END of the profitability bubble by the end of the month, or more likely sometime next month.

http://fortune.com/2017/09/11/bitcoin-price-value-usd-china/ among other reports.

[Xenoblate]

Given the current rumblings out of China, we might be looking at THE END of the profitability bubble by the end of the month, or more likely sometime next month.

http://fortune.com/2017/09/11/bitcoin-price-value-usd-china/ among other reports.

That could be true. The price of the bitcoin is dropping a lot now. It is less profitable to mine now.

[Ketariz]

Given the current rumblings out of China, we might be looking at THE END of the profitability bubble by the end of the month, or more likely sometime next month.

http://fortune.com/2017/09/11/bitcoin-price-value-usd-china/ among other reports.

That could be true. The price of the bitcoin is dropping a lot now. It is less profitable to mine now.

I notice the bitcoin price drop has slowed down. It is consolidating now.

[mindrust]

Unless you can build your own mining hardware, mining is pointless.

If there are people who mine, you don't need to mine at all. They'll be competing each other to death till they earn zero profit. That's not good.

The only ones who make real money by mining are the ones who build the hardware.

If you believe crypto has a future, just buy it. Mining is only for hobbyists/geeks now.

There is also a special occasion where you might have more than 10 PC's around with powerful CPU's. Then you might wanna run CPU miners on those PC's and mine monero as side jobs.

CPU mining > GPU mining

[jadefalke]

i think that with BTC and also the Altcoins declining the GPU Bubble will burst as soon as the people are not making money with it anymore, after that the market will be flooded with GPU, but could also be the case that the majority of GPU was bought by big farms, in that case we will not see that many cards hit the market, since they will mine anyway.
(They paid less for the GPU and have ridic low rates for the Power)

[Embeco]

The coming weeks will be quite interesting. It does not look like it right now, but if China really was to shut down exchanges permanently, this might be an interesting development for miners in general...

[CloudbaseJ]

One mining rig in my living room keeps my whole house at 24 degrees C and costs about the same as having the central heating on.
I'll mine every winter even if I'm at a loss. This is the only time in my life that British weather has been an advantage 😁

[philipma1957]

I wish this thread was fully deleted.

As of today my 1080 ti's earn 2 dollars a day.  I set tdp to 150 watts which is under 4 kwatts

At 20 cents a kwatt I earn $1.60 each card.

On Oct 1 my power drops to 10 cents.  So the cards will earn 20 cents more or about $1.80 a card.


So the bubble has yet to burst the tread is still too soon.

If cards lose money at 10 cents then the gpu bubble will break.

I find the title to be offensive to the intelligence of the community .

[jyakulis]

Oh no the sky is falling. Wahhh I'm not getting rich overnight.

It's still profitable, just need patience.