Is mining still a thing ??...

[philipma1957]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

[1715474438]

1715474438

[arielbit]

As long as you make money...it is still a thing. Actually it is applicable to anything where you can make money--"IS A THING"

You aren't making any money until you make your ROI back in a short term possible, this is what makes mining sensible, just because I'm making some dollars everyday doesn't mean I'm in profits yet

no pain no gain 

[jims2321]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

Define slightly over priced.  10%, 20% over MSRP or 2x over MSRP?  Because unless you have some connections or willing to spend a lot of time hunting them down on websites/boards most usable gpu's are running crazy 2x or higher msrp.

[philipma1957]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

Define slightly over priced.  10%, 20% over MSRP or 2x over MSRP?  Because unless you have some connections or willing to spend a lot of time hunting them down on websites/boards most usable gpu's are running crazy 2x or higher msrp.

I would pay 1165 for 3080 and take may delivery
I would pay   920 for 3070 and take may delivery

I can get both deals above.

I can also do Newegg Shuffle which sometimes hits.


I would not pay 2000 for a 3080 and instant ship
I would not pay 1300 for a 3070 and instant ship

[alexrossi]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

Define slightly over priced.  10%, 20% over MSRP or 2x over MSRP?  Because unless you have some connections or willing to spend a lot of time hunting them down on websites/boards most usable gpu's are running crazy 2x or higher msrp.

I would pay 1165 for 3080 and take may delivery
I would pay   920 for 3070 and take may delivery

I can get both deals above.

I can also do Newegg Shuffle which sometimes hits.


I would not pay 2000 for a 3080 and instant ship
I would not pay 1300 for a 3070 and instant ship

I paid a used 1070 310 USD, now is generating 1,5/2 USD, was this a good deal / risk management in your opinion?

[jims2321]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

Define slightly over priced.  10%, 20% over MSRP or 2x over MSRP?  Because unless you have some connections or willing to spend a lot of time hunting them down on websites/boards most usable gpu's are running crazy 2x or higher msrp.

I would pay 1165 for 3080 and take may delivery
I would pay   920 for 3070 and take may delivery

I can get both deals above.

I can also do Newegg Shuffle which sometimes hits.


I would not pay 2000 for a 3080 and instant ship
I would not pay 1300 for a 3070 and instant ship

If you can get 3080's at that price, you should grab them and flip them all day for $200/250 mark up and skip the mining.  But the average joe miner does not have connections that can get cards at that price even with May deliver date. 

[Philipma1957cellphone]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

Define slightly over priced.  10%, 20% over MSRP or 2x over MSRP?  Because unless you have some connections or willing to spend a lot of time hunting them down on websites/boards most usable gpu's are running crazy 2x or higher msrp.

I would pay 1165 for 3080 and take may delivery
I would pay   920 for 3070 and take may delivery

I can get both deals above.

I can also do Newegg Shuffle which sometimes hits.


I would not pay 2000 for a 3080 and instant ship
I would not pay 1300 for a 3070 and instant ship

I paid a used 1070 310 USD, now is generating 1,5/2 USD, was this a good deal / risk management in your opinion?

The only downside is lack of warranty protection  but it is okay deal for a few of them.

[aliitp2]

As long as you make money...it is still a thing. Actually it is applicable to anything where you can make money--"IS A THING"

You aren't making any money until you make your ROI back in a short term possible, this is what makes mining sensible, just because I'm making some dollars everyday doesn't mean I'm in profits yet

Not defending btc but we r still im the BEGGINING of the bull run why NOT make more money by year end and already pass the ROI ?! As I said am NOT defending my point but I wanna know ur opinon since we r still in beginning of bull run and looking at lots of gains down the road...

[aliitp2]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

If I were you and have $10k, I would not buy graphic cards to mining bitcoin or altcoin because that is not worth to do this day. Every coin's difficulty increases, which means we need to have high-end hardware to get good rewards from the mining. I prefer to use that money to trade because I see the chance to make a profit will be better now. Besides that, many coins can be the next potential coins that can increase in the short and long term, which can be my way to make a profit.

Except I don't know how to trade any need a steady source of income, sorry I meant 10k in my own currency so more like 2.7k usd...

[aliitp2]

It seems bitcoin bullrun isn't done yet, adoption rates keeps growing almost everyday which can make this bull season last longer but mining isn't that reliable here because ethereum is the most profitable to mine but GPUs are too high in price and also EIP1559 is coming in July, too risky to invest on mining rigs right now, if you want to take risks it's better to buy BTC

Funny, when i asked this same question months ago here in the forums people seemed really INTO mining despite eth 2.0 was probably in the horizon now am getting everyone saying the exact opposite judging from this thread. There are alternative coins if eth fails and goes to hell no ?! Or will mining die with simply when coin (eth) deprioritize mining and reduce rewards...

[alexrossi]

There are alternative coins if eth fails and goes to hell no ?! Or will mining die with simply when coin (eth) deprioritize mining and reduce rewards...

Generally speaking, looking the past trends, when a GPU coin with high profitability was dying, shortly after another one was ready to making profitable again these graphics cards. I saw this with LTC, DASH and ETH

[adaseb]

There are alternative coins if eth fails and goes to hell no ?! Or will mining die with simply when coin (eth) deprioritize mining and reduce rewards...

Generally speaking, looking the past trends, when a GPU coin with high profitability was dying, shortly after another one was ready to making profitable again these graphics cards. I saw this with LTC, DASH and ETH

First there was Bitcoin that you could mine with GPUs. Then when ASICs came it was replaced with LTC. Then Scrypt ASICs came and you could mine Darkcoin (X11 now Dash) for a while, even though it wasn't that profitable for 2 years during the 2014-2015 bear market.

Then when ETH was released it gave GPU miners hope again and since then no other coin has come close and I don't think any coin will. Reason why is because most new coins these days are tokens or POS. POW is considered a waste of energy and hence why new projects never implement it.

So I don't think there will be any top 5 coin in the near future that is going to be a new type of POW for GPU miners.

[FloridaKid]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

That is if ETH stays at that price or grow higher, the issue is no one can say for sure but it's just so much unsafe buying gpu at high price for mining right now but yes I expect so many people to keep buying GPUs even at high prices anyways, it's a big risk I don't want to take

[Commie]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

That is if ETH stays at that price or grow higher, the issue is no one can say for sure but it's just so much unsafe buying gpu at high price for mining right now but yes I expect so many people to keep buying GPUs even at high prices anyways, it's a big risk I don't want to take

Back in 2017 people were saying exactly the same things. There were no cards in the market so those who wanted them were scraping bottoms at whatever price they were offered. I myself bought a few 1080ti's at way over $1000 back then. But you know what, I still have them and they still work making me money. The fact that I managed to have my ROI in 5 months back then was irrelevant to me - I wasn't looking for quick returns but rather for top of the line equipment that I would take good care of and it will work for me for years. I guess that was the right decision, so now I do exactly the same with 3080 and 3090 whenever I have a bit of spare cash on hand.

[legcramp]

eth is back over $1811 and paying  9.78 cents an mh

if it can stay at 9.78 cents an mh

buying slightly over priced cards is fine.

That is if ETH stays at that price or grow higher, the issue is no one can say for sure but it's just so much unsafe buying gpu at high price for mining right now but yes I expect so many people to keep buying GPUs even at high prices anyways, it's a big risk I don't want to take

Back in 2017 people were saying exactly the same things. There were no cards in the market so those who wanted them were scraping bottoms at whatever price they were offered. I myself bought a few 1080ti's at way over $1000 back then. But you know what, I still have them and they still work making me money. The fact that I managed to have my ROI in 5 months back then was irrelevant to me - I wasn't looking for quick returns but rather for top of the line equipment that I would take good care of and it will work for me for years. I guess that was the right decision, so now I do exactly the same with 3080 and 3090 whenever I have a bit of spare cash on hand.

Any advice to keep the cards in good shape after years besides being conservative on the overclocks and keeping them cool? I am looking to do the same thing with my stash of RTX 3000 cards and keep them for long.

[Commie]

Back in 2017 people were saying exactly the same things. There were no cards in the market so those who wanted them were scraping bottoms at whatever price they were offered. I myself bought a few 1080ti's at way over $1000 back then. But you know what, I still have them and they still work making me money. The fact that I managed to have my ROI in 5 months back then was irrelevant to me - I wasn't looking for quick returns but rather for top of the line equipment that I would take good care of and it will work for me for years. I guess that was the right decision, so now I do exactly the same with 3080 and 3090 whenever I have a bit of spare cash on hand.

Any advice to keep the cards in good shape after years besides being conservative on the overclocks and keeping them cool? I am looking to do the same thing with my stash of RTX 3000 cards and keep them for long.

Blow off all the dust from radiators once a month with compressed air, change thermal paste and pads and grease fan shafts once a year... Nothing much, really.

[alexrossi]

POW is considered a waste of energy and hence why new projects never implement it.

So I don't think there will be any top 5 coin in the near future that is going to be a new type of POW for GPU miners.

It doesn't need to be in the top 5 coins.

POW is not considered a waste of energy, otherwise why BTC and ETH price is rising and they are, with other small pow coin, the 80% of the crypto market cap?