gpu bubble well and truly bursting

[philipma1957]

who doesn't invest some time in research has to mine coins with shit profit - but tell me some business where you make money without any work?
also for trading you need to do research or you can lose a hell of money very fast

btw. i just plan another new rig - this time with 1080ti due to more density than the existing 1070 rigs

For the record

Mining is working my friend

[TheYankeesWin!]

Mining is  hard work  checking prices for gear. Setting gear up .Keeping it stable. Looking for best software.

[antantti]

Mining is working my friend

MAGA!!!

Hash by hash.

(-:

[iamnewhere]

Mining is  hard work  checking prices for gear. Setting gear up .Keeping it stable. Looking for best software.

you forgot looking for the best coins not to waste your time on inefficient mining

[iamnewhere]

who doesn't invest some time in research has to mine coins with shit profit - but tell me some business where you make money without any work?
also for trading you need to do research or you can lose a hell of money very fast

btw. i just plan another new rig - this time with 1080ti due to more density than the existing 1070 rigs

For the record

print it out, frame it and put over your bed, then you will always remember

newbies buying hardware at any price without any research and just mine ETH will have a bad crash soon, everyone who invest time in research, buy hardware at normal prices and combine efficient mining with trading will still make nice profit in the next months, just no easy money as it might have been 2-3 months ago

[antantti]

print it out, frame it and put over your bed, then you will always remember

I will haha!!!

Promise... ahh, forget.

[puwaha]

So which is smarter...

1)

Buy RX 470 and make $2.20/day today

In 6 months make $0.50/day

2)

Buy 1080 Ti and make $3.41/day today

In 6 months make $0.75/day


Which one do you think will make you more money in the long run? The 1080 Ti most likely won't even be able to cover their depreciation when they hit eBay.

It's the singular rule in mining... you have to constantly upgrade your gear to increase hashrate so you can combat difficulty.  What's better than a 1080ti right now?  Nothing.  1080tis will be profitable for many many months to come.

Plus, in your scenario above... the 1080ti is still making 33% more money than the 470.

[deadsix]

I have bought and been buying thousands of ETH for the last 3 days. It's too difficulty for miners to mine eth, few coins with lots of hardware, I said before and I will say again, I'm aiming at 300% profit in the next 3 months or so with eth trading, buying low now and will sell around 0.4 btc or so. I have a feeling many btc owners will exchange their btc for eth  and eth will fly to around 0.9 btc per eth.

Thousands of ETH??? THOUSANDS??? Casually buying 200+K in crypto ... you got balls man. While I am pretty sure ETH will cross 500 by the end of this year, I dont have the balls to buy ETH directly, so I mine.

[fistfullofbtc]

i love how someone defines a coin that has gone 15x in 4 months as a low price..

[sadyas]

So which is smarter...

1)

Buy RX 470 and make $2.20/day today

In 6 months make $0.50/day

2)

Buy 1080 Ti and make $3.41/day today

In 6 months make $0.75/day


Which one do you think will make you more money in the long run? The 1080 Ti most likely won't even be able to cover their depreciation when they hit eBay.

It's the singular rule in mining... you have to constantly upgrade your gear to increase hashrate so you can combat difficulty.  What's better than a 1080ti right now?  Nothing.  1080tis will be profitable for many many months to come.

Plus, in your scenario above... the 1080ti is still making 33% more money than the 470.

In terms of efficiency, the 1080Ti is best for mining certain coins.

[dark_city]

This mining is like paying mortgage or contributing to super fund so that when you are old you may have something to leave for the kids. You work your ass off, get used and abused by everyone higher in the food chain.
Replace living beings with coins, GPU's, miners.
http://ohs-bio.www1.50megs.com/ch47/Energy%20Pyramid.jpg

[thesmokingman]

Right now a RX 470/570 4GB if you Dual mine brings in exactly $2.20/day.

The 1080Ti mines ZEC at ~700H/s and makes $3.41/day.

Even though the 1080Ti is slightly more efficient, its should be negligible at these profits.

So the card costs triple, and only makes $1/day more than RX 470. How does that make sense?

Yes I know its very optimized in certain algos like LBRY or NXS or Skein, etc. However those coins have very low market caps and can easily crash in the near future. You can't depend on them for mining in the future.



So which is smarter...

1)

Buy RX 470 and make $2.20/day today

In 6 months make $0.50/day

2)

Buy 1080 Ti and make $3.41/day today

In 6 months make $0.75/day


Which one do you think will make you more money in the long run? The 1080 Ti most likely won't even be able to cover their depreciation when they hit eBay.

In my opinion the 1080ti rig will, depending on what you're mining. On ETH sure the 400/500 series cards are a better choice, but how long will ETH mining last? When you look solely at profits and not account for other factors like power usage I think you're doing a disservice to your argument. During the craze I sold all but one of my 480 rigs and out that cash into Nvidia rigs. (1070/1080ti) I now have a much higher hash rate on the equihash based coins I mine with a 10-15 amp savings on power. I pay .14kWh so I not only have to look at purchase price but annual power costs. I loose more profit keeping my AMD cards than I do going with Nvidia. Yes there's a higher initial entry price, but a lower total cost of ownership. So I rather buy once, cry once vs buy once and then cry with each month when the power bill comes in.

However I do agree with the overall premise that one shouldn't be buying any GPUs right now till markets settle and we know what the ETH team is going to do if you mine ETH. In my opinion there are going to be so many cheap GPUs soon that anyone who buys GPUs at inflated prices, even MSRP, are going to be kicking themselves.

Also where can you get 470/570 for $200? At a minimum you should be using $300 to reflect the current climate and accurately represent the situation.

[fistfullofbtc]

a lot of the new coins are tokens that can't be mined, this will shrink the pool of coins to mine.

[pchampn]

Here in US, retailers like Best Buy are still sold out. Went their y'day to my local store, and all I could see were couple of 1080s and 1050ti. No Radeon, nothing else!

Online retailers like Newegg are the only source for any GPUs and even they have jacked up their selling price by 10 - 30% during last 2 months. So the demand is fairly strong in US.

[stomachgrowls]

If price stays the same, difficulty will not rise much and then after few weeks it will stabilize if price stays the same, profitability is low, people are getting out and they started selling their gpu's and many are following which means prices of graphics cards will crash especially in Europe where electricity is very expensive and people cant afford to mine, better to invest the money somewhere, returns are much greater. This is a good time to buy coins.

the guy who bought my rig didn't have a clue what he was doing, but that is how i started.

There are really people do really just go with the flow and do tend to buy some stuffs without knowing too much and i strongly believe that there are miners dont still have too much idea on what they are doing. Gpu cards are really on scarce as of now because there are lots do tend to jump on crypto currency mining thats why nvidia and other gpu company decide to make a dedicated gpu for sole on mining crypto only. Its really normal for the difficulty to jump on insane percentage when there are lots of people do mine it.

[antantti]

Have you guys been watching markets for the last 5 hours?

[Xenoblate]

Have you guys been watching markets for the last 5 hours?

That is just short term volatility.

[iamnewhere]

Have you guys been watching markets for the last 5 hours?

Yes looks good, i think tomorrow or on sunday will be good time to buy on very low level

[saul.goodman]

Have you guys been watching markets for the last 5 hours?

Of course
Especially around german/netherland market... sold all of my 1060 3GB with hynix for 240-250€ each.  
Yesterday the last one.

[adaseb]

Right now a RX 470/570 4GB if you Dual mine brings in exactly $2.20/day.

The 1080Ti mines ZEC at ~700H/s and makes $3.41/day.

Even though the 1080Ti is slightly more efficient, its should be negligible at these profits.

So the card costs triple, and only makes $1/day more than RX 470. How does that make sense?

Yes I know its very optimized in certain algos like LBRY or NXS or Skein, etc. However those coins have very low market caps and can easily crash in the near future. You can't depend on them for mining in the future.



So which is smarter...

1)

Buy RX 470 and make $2.20/day today

In 6 months make $0.50/day

2)

Buy 1080 Ti and make $3.41/day today

In 6 months make $0.75/day


Which one do you think will make you more money in the long run? The 1080 Ti most likely won't even be able to cover their depreciation when they hit eBay.

In my opinion the 1080ti rig will, depending on what you're mining. On ETH sure the 400/500 series cards are a better choice, but how long will ETH mining last? When you look solely at profits and not account for other factors like power usage I think you're doing a disservice to your argument. During the craze I sold all but one of my 480 rigs and out that cash into Nvidia rigs. (1070/1080ti) I now have a much higher hash rate on the equihash based coins I mine with a 10-15 amp savings on power. I pay .14kWh so I not only have to look at purchase price but annual power costs. I loose more profit keeping my AMD cards than I do going with Nvidia. Yes there's a higher initial entry price, but a lower total cost of ownership. So I rather buy once, cry once vs buy once and then cry with each month when the power bill comes in.

However I do agree with the overall premise that one shouldn't be buying any GPUs right now till markets settle and we know what the ETH team is going to do if you mine ETH. In my opinion there are going to be so many cheap GPUs soon that anyone who buys GPUs at inflated prices, even MSRP, are going to be kicking themselves.

Also where can you get 470/570 for $200? At a minimum you should be using $300 to reflect the current climate and accurately represent the situation.

Yes I am thinking long term and what do you think will be minable long term?

When ETH goes POS at the end of the year what is left.

ETC
ZEC
XMR

Add 2,500,000 GPUs to those coins and what happens to the profitability.

The RX 470 will be making $0.20/day, while the 1080Ti will be making $0.25/day. So it really worth buying the 1080Ti so you can make an extra 5 cents a day?

New coins? Most devs are greedy and most news coins are all ICOs. This isn't like 2013 when there was a new shitcoin released every day which was GPU minable.