GPU mining will die in 2018!

[dimpsk]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....  
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yep it's near $1 per day  (a bit less) if your electricity is free.  I just checked it up. Otherwise it's a bullshit.

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[swogerino]

Gpu mining is not dieing in 2018. Now is one of the worst moments for mining and I only see rise of difficulty in Ethereum, I changed my mining computer to Musicoin and hoping they will rise until the end of year so I can make profit , maybe big profit at that time.

People though are not shutting down their miners, a thing which tells us the market is full of long term believers. Those who are desperate are selling now but they are few since we don't see any difficulty going down in Ethash yet. Those changes in Ethash are only normal fluctuations.

[LSteve]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo..... 
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said.

[gotminer]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....  
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yep it's near $1 per day  (a bit less) if your electricity is free.  I just checked it up. Otherwise it's a bullshit.

Sorry you got burnt on gpu's or started mining at a bad time.  Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago.  I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have.  If you're currently mining ... Sell at 10X or GTFO.  Not sure how you expect anything in crypto to be a stready climb up all of the time.  Otherwise, buy almost any top ten coin at a super discounted price right now and hold.  Or if that scares you, join a fucking bowling league.   

[gotminer]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo..... 
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said.

Trump gonna slap your hand, if you're in the USA. 

[ikicha]

This is not a financial advice but when you're riding your Lambo... Remember me.

hehe, yeah this is one opportunity that people will regret not taking in few months, this is not stocks or anything that can be explained, in a month altcoins lost 500% in value, eth hit almost $1400 and now is $380, that is almost 400% and some alts lost 1000%, that is a lot of money, nothing really happened to bitcoin, from $17k to $7k, 60% crash is nothing really if you consider eth which is top 2 and had almost 80% crash.

My calculation is different, for example eth hit almost $1400 and now is $380 which 380 x 3.7 = $1406, which means eth lost 3.7 times its value whereas btc lost a lot less, btc right now is $6800 and hit almost $20k so meaning, 20000 / 6800 = 2.9 times lost since its highest all time value.

I'm such a coward. I will die poor. My only hope is that price goes to 100 and mining difficulty drops to a point I can mine 1eth a day

I think ASIC manufactures is hidden mining ETH and other Ethash algo.
Last day ago, ASIC manufactures announce ASIC for Cryptonight algo, this is KILL GPU miners.
Before they announce new ASIC, they are using this ASIC,

[Metroid]

I think ASIC manufactures is hidden mining ETH and other Ethash algo.
Last day ago, ASIC manufactures announce ASIC for Cryptonight algo, this is KILL GPU miners.
Before they announce new ASIC, they are using this ASIC,

They have been for quite a while, they are keeping it hidden like you said. They only unveiled it cause they want to buy eth cheap and before they unveiled, they sold most of their eth while it was high and then are buying now as eth crashed 4 times its highest hit value.

[amer sohail]

i think is not will

[jmigdlc99]

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yeah it seems like only the extremely dedicated and professionally capable miners will remain. Even when mining some secret coins, it will be difficult to turn a good profit unless you have those generators or solar arrays. I guess its over for every other kid out there who owns a GPU and is mining against dedicated mining corporations.

[JeromeL]

I believe that the GPU mining will not die because there have always been and will be coins that are not in demand from industrial mining in ASICS. Personally, I always found with my farms and will find what I need to mine.

[rdluffy]

Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today

Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...

It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH

[philipma1957]

the way to prove the op wrong is on my new thread


https://bitcointalk.org/index.php?topic=3228937.0


now here is the deal  if the idea I propose is not adapted


Metroid  will be correct.


Of course  my idea could be tweaked and altered a bit but it would kill off  asic competition quite fast.

[Metroid]

Richard

It would appear that we can consider this proof that the F3 exists and is coming.

http://bit.ly/2pULqgf

https://github.com/ethereum/EIPs/issues/958

[dimpsk]

Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today

Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...

It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH

I  share  your point. Going ETH to POS is not the end of mining. But the end of ETH only.

[dimpsk]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo..... 
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Petrol  is not  chip  now.  They called it black gold you know 

[dimpsk]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....  
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yep it's near $1 per day  (a bit less) if your electricity is free.  I just checked it up. Otherwise it's a bullshit.

Sorry you got burnt on gpu's or started mining at a bad time.  Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago.  I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have.  If you're currently mining ... Sell at 10X or GTFO.  Not sure how you expect anything in crypto to be a stready climb up all of the time.  Otherwise, buy almost any top ten coin at a super discounted price right now and hold.  Or if that scares you, join a fucking bowling league.  

Of course i don't sell coins I mining right  now. Even  ETH
But this doesnot mean mining is still profitable.
Some said they got $1 per GPU in a day. I 'd said it more close to $0.5
We can speculate  that rebond will  come one day. That's perfect.
But mining can't be the only work for leaving. Course you can't  now even sell  this coins for  electricity bills Or  pizza.
It's a hobby again. Or some kind of investment.
That's the point

[rothcom65]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....  
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yep it's near $1 per day  (a bit less) if your electricity is free.  I just checked it up. Otherwise it's a bullshit.

Sorry you got burnt on gpu's or started mining at a bad time.  Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago.  I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have.  If you're currently mining ... Sell at 10X or GTFO.  Not sure how you expect anything in crypto to be a stready climb up all of the time.  Otherwise, buy almost any top ten coin at a super discounted price right now and hold.  Or if that scares you, join a fucking bowling league.  

Of course i don't sell coins I mining right  now. Even  ETH
But this doesnot mean mining is still profitable.
Some said they got $1 per GPU in a day. I 'd said it more close to $0.5
We can speculate  that rebond will  come one day. That's perfect.
But mining can't be the only work for leaving. Course you can't  now even sell  this coins for  electricity bills Or  pizza.
It's a hobby again. Or some kind of investment.
That's the point

DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ?

YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD).

IF YOU DONT BELIEVE, DO NOT MINE.

[dimpsk]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....  
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Yep it's near $1 per day  (a bit less) if your electricity is free.  I just checked it up. Otherwise it's a bullshit.

Sorry you got burnt on gpu's or started mining at a bad time.  Whatever the case is, I'm doing just fine and still happy with sub-par daily profit that I NEVER take compared to 4 months ago.  I wouldn't start building a mining farm with an unknown outlook at this time, but I certainly won't quit mining with what I have.  If you're currently mining ... Sell at 10X or GTFO.  Not sure how you expect anything in crypto to be a stready climb up all of the time.  Otherwise, buy almost any top ten coin at a super discounted price right now and hold.  Or if that scares you, join a fucking bowling league.  

Of course i don't sell coins I mining right  now. Even  ETH
But this doesnot mean mining is still profitable.
Some said they got $1 per GPU in a day. I 'd said it more close to $0.5
We can speculate  that rebond will  come one day. That's perfect.
But mining can't be the only work for leaving. Course you can't  now even sell  this coins for  electricity bills Or  pizza.
It's a hobby again. Or some kind of investment.
That's the point

DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ?

YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD).

IF YOU DONT BELIEVE, DO NOT MINE.

I don't believe ya. Course you could not say  even  where will be price of your coin tomorrow.
The only fair ROI estimate - is take current prices and imagine you sold all what mined today, decreased income by electricity costs and put remain in the box. From that box you will repay your capital investment. That's right. 60 MONTHES from now. It's a fair ROI NOW that helps you make the right  choice.
That's it dude. Other will lead you to the poverty

[Keelhaul]

Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)

[dimpsk]

Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)

Agree with this. Decentralisation - is not the base pillar of the mining but all cryptocurrency. We have bitcoin because it's the first. Other coins that are mined by asics  or just issued by founders  should go to hell. Earlier or later