GPU Mining Rigs - Is it too late to start?...

[tstempone]

You can try Whattomine calculator and see if it really worth invest in mining. Don't use CrytoCompare since difficulty is not update and people tend to show higher than real income per month.

As far as I know In August 2017 1x  Rx570 earned about $1.4 per day without electricity concern. Now 24 Sep 2017, it's about 0.7-0.8 and will keep dropping fast.


I still don't know the reason a lot of writer (not here, I see a lot of mining guide coming around this month still use old rate that about 200% income of now) try to bait people in mining now. If you start now, it may take ROI about 1.5 years.

BONUS!

If you are living in cold climate then do it, it's like you get a free heater in your house.

But if you are living in hot climate then it's not worth it, with this ROI and hellish living experience. Believe me I am experience this but already invest then I must endure it.

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[fmz89]

It goes in cycles, right now profits are not as high, but still you have profit.
If you have too expensive electricity then i would not go into mining.
I hope trend will overturn and mining profits will be bigger in the future

$0.21 is my electric price per kilowatt
£0.16p in my money (ish)

oh shit 0.21$ only vega can help you for mining, or gtx instead with lot of money burned to buy it

[stugots2]

I have a love / hate with GPU's.

Hate: as of this moment (and that can change of course) they are the lowest profit of all my miners

Love: they are SO versatile they can mine ANYTHING (with the exception of brand new CPU only coins)

Truth is I think you WILL ROI but if you looking for it tomorrow, NO WAY.

[Qunenin]

Yes, it was too late a year back. This is just going to eat your money up and leave nothing for you but a system that you may or not be able to use for normal computing. Maybe you can use the system for a gaming PC when you lose the money, that is very possible, but some systems with 90 video cards and nothing else are pretty useless.

[miguelmorales85]

I think it is never too late to start mining scrypt based coins.
If you take a look at LTC, it is well undervalued, I see LTC as digital silver. he will be second in the podium of altcoins, also you can check it out the ETH.

Its got a lot of faults but todays ICO are based in smart contracts and he is the one of its kind.

[Metroid]

Like I said people are or want to be stupid. ROI right now is almost 24 months and if nothing wrong happens to your system, It is impossible to make your system to work 24/7 everyday and plus, calculations on websites is something, calculations in the end if it was profitable is something else, people saying they will get their money back in less than 15 months are liars. Stay away from mining and if you have money, invest in coins cause the way things are nobody that is mining is stupid enough to sell at current prices.

[sanada.motokage]

Mining profit is dropping day by day.  My suggestion is not to invest mining rigs now.
If there is promising coin will boom or it's profitable, it's good to mine it.
ETH will turn to POS soon, I have already turned to other coins such as Zcash, XMR or ETC.

If you have huge amount of money for investing, you can jump in now, since the graphical cards price is down too. 

[xxcsu]

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not 
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners

[Vann]

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners

Well said. If there is ANYTHING sure in Crypto, it's that NOTHING is sure in Crypto! There are only costs and benefits to any decision you make. However, the bottom line is GPU mining IS currently profitable and the Crypto market is growing. IMO, if you approach it it as a long term investment rather than a cash cow, you will do OK and that is what history has shown.

In the video below BBT gives the persepective of someone thats been mining for a long time and built hundreds of rigs, why you should keep mining, even when it's not the most profitable time to do so.

https://www.youtube.com/watch?v=iCSdLSP1sv0&feature=youtu.be&t=364

[rdluffy]

Like I said people are or want to be stupid. ROI right now is almost 24 months and if nothing wrong happens to your system, It is impossible to make your system to work 24/7 everyday and plus, calculations on websites is something, calculations in the end if it was profitable is something else, people saying they will get their money back in less than 15 months are liars. Stay away from mining and if you have money, invest in coins cause the way things are nobody that is mining is stupid enough to sell at current prices.

Do the opposite of everything this guy says
He is a miner and try to avoid other miners to enter into mining lol

[tstempone]

Like I said people are or want to be stupid. ROI right now is almost 24 months and if nothing wrong happens to your system, It is impossible to make your system to work 24/7 everyday and plus, calculations on websites is something, calculations in the end if it was profitable is something else, people saying they will get their money back in less than 15 months are liars. Stay away from mining and if you have money, invest in coins cause the way things are nobody that is mining is stupid enough to sell at current prices.

Do the opposite of everything this guy says
He is a miner and try to avoid other miners to enter into mining lol

You are all welcome to try but don't cry since you have been warned... And, yes! I am also a miner...

It's not too late but no one know about the future, try this one http://www.mycryptobuddy.com/EthereumMiningCalculator and set Time Frame to what you desire ... anyway about 24+ months. You will know how many coins you get from mining with this rate of difficulty.

If you are ok with 18+ months ROI then you are in.

Please consider location of your rig too, as I have mention before. I am from hot climate area. If you plan to put it in some living room and chill, don't... it's like a sauna. All AMD running dual mode ETH+ DCR. GTX1060 is ETH only.
- Rx570 MSI is about 58 Celsius with dual mining with mod and underclock
- Rx580 MSI is about 69 Celsius
- GTX 1060 Gigabyte is around 74-75 with 61 Power Limit.

https://i.imgur.com/CNW6FAB.jpg

This rest is up to you decide...