Mining , still worth it?

[Metroid]

It's not $1/day. It's a little under $2.

Speak for yourself cause taking account electricity cost and taxes, that makes at $1 per card per day.

It all depends on electricity costs, it's not the same to mine in a place like Venezuela where electricity is technically free than in the U.K. or France with high costs.

If the government or police find out you mine in Venezuela they kill you.

[1714806515]

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[Estomid]

All over Craigslist people are panic selling their 1070 and 1080 it seems.

Some are even below what the retailers are selling them for.

Basically a 450 day ROI is scary for most.

First, dump their prices should shops due to coming soon dramatic surplus. Also it's a good time to sell your videocards right now because they are overpricing and not many people as i see understand what is going on, many still want to buy new equipment. Especially you bought this cards in the spring or fall 2017, 1.5 - 2 times chipper. If not - more tough decision.  Hold the ground may be - keep mining still itis profitable. But if ETH dropped another two times there will  be no buyers for equipment and mining becomes not profitable at all considering electricity costs.

But it's business, it's not fun money for nothing. If you in - you should took all risks.

For the 1080Ti at the current price, the ROI is 500 days after the electricity cost. So it is better to buy the coins directly.

[PsKminer]

if u have time for research, yes.

[5thFear]

mining varies from coin to coin. you have to be very good with cryptoworld to know which coin to mine at what time and when not to mine a particular coin. also you need to know when to hold and when to sell and get the maximum profit of the coin that you mine. so its a bit technical but yes,. its still profitable

[Metroid]

GTX 1080ti is still being sold for $1300 from $750 and equihash difficulty rose a lot, equihash asics are having a blast and so noobs who paid $1300 for a gtx 1080ti i guess hehe

Do not worry trolls, I will soon have a way to exchange your gtx 1080ti for fabricated coffins hehe

[Digital Drug Lord]

Mining may continue to be "profitable" but not by the same metric people have been using for the past 12-18 months.

Times have been good for anyone getting into mining for basically the past two years as rising coin prices have more than offset the accompanied increase in hash-rate and thus difficulty. Now, the good times in mining are finally coming to an end and we are going to be looking at digging in for at least 24-36 months to see any reasonable profitability return.

This is especially true for those looking to buy new mining hardware right now. If you have had your rigs for awhile and you already earned your investments back, you can weather the upcoming dry months a lot better than new investors, as your only consideration is if your mining profits is greater than your electrical costs. Those who need to earn an ROI on top of operating expenses will obviously have a tough time of it, especially as computer hardware is still selling at 200-300% above its MSRP.

To see what is coming you can simply pull up a BTC chart from approximately January 2014 to January 2017. It took BTC roughly 3 years to recover from its November 2013 high of over $1200 and I expect the market to play out similar to that time period. BTC, ETH, ZEC, BCASH and the others will thrash around for another 6 months, just as it took time for BTC to bottom out in the fall/winter of 2014. If this pattern repeats we are looking at 2021 before everything recovers to recent ATH levels.

So if you can tough it out for another 3 years, pay utilities (electricity) out of your own pocket and keep mining and holding, you may indeed make some hefty profits. However, if you are barely scraping by, have bills to pay, have high priced electricity, or the worst-case scenario have recent credit card hardware purchases to pay back, I think you may be in for a tough go of it.



I modified a chart to show one possibility in relation to BTC, although I think it can apply to the whole cryptospace in general. In red I labeled possible similarities to the 2014-2017 time period to try and help myself put one possible scenario into perspective. If the market does indeed play out this way, we will have a long wait before mining truly returns.

Alot of noobs came in maxing out their credit cards on coinbase. some made alot of profits and now are in debt because of taxes

same with miners, Im glad I just bought 1 1080ti because they use to make like 9 dollars a day per card and someone using what to mine would FOMO and buy a whole bunch of cards. now they are in debt as each 1080ti is not making enough to justify the credit  card payments so what you say is true....

it might be YEARS before things pick up again, its going to take a whole new generation of people to invest in crypto after the crash of 2018

[treanski]

bullshit bullshit bullshit

1 free advice -> the top profitable coins on whattomine are the least profitable in real

[buhna]

I think you are right. It is past times, gold times   Today have prospects only mining pools. And I don't know what will happened with this because it consume to much energy.

[Metroid]

soon your gxt 1080ti $1300 will become a $200 product hehe

[dimpsk]

soon your gxt 1080ti $1300 will become a $200 product hehe

I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.

[Metroid]

soon your gxt 1080ti $1300 will become a $200 product hehe

I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.

gtx 980ti was less than $200, coming gtx 2080 next month then we will see hehe.

[Juggar]

soon your gxt 1080ti $1300 will become a $200 product hehe

Good thing I paid about $200 for each of my 1080ti's and Vega 64's. And ill never tell how I did it.

[gotminer]

soon your gxt 1080ti $1300 will become a $200 product hehe

I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.

Lol ... MSRP is more than that.  GPU prices are not set by mining profitability.

[grosminer]

Bitcoin faucets are more profitable than mining right now

[dimpsk]

soon your gxt 1080ti $1300 will become a $200 product hehe

I dont thinks so. But fair price for gtx 1080 ti is $600. No penny more. That's it.

Lol ... MSRP is more than that.  GPU prices are not set by mining profitability.

Yep but miners are the most valued buyers of GPU. If manufacturer wanted to empty stocks - there  no  other way except - to dump hype prices.

[shield132]

What I hate here is that some people says mining of some coins don't worths because of high electricity fees (mining goes into minus).
Also we all have to consider the fact that price of coins rises, just remember how ether rised, how ripple rised, how bitcoin rised.....
Cost of electricity doesn't worths when you see a high hope in coin, it worths to mine it in any way and wait for long term profit.

[Metroid]

What I hate here is that some people says mining of some coins don't worths because of high electricity fees (mining goes into minus).
Also we all have to consider the fact that price of coins rises, just remember how ether rised, how ripple rised, how bitcoin rised.....
Cost of electricity doesn't worths when you see a high hope in coin, it worths to mine it in any way and wait for long term profit.

Only bitcoin rose, all tagged along for the ride. Now as I believe ethereum is the future, only eth will keep rising and other will tag along for the ride with it, for now still bitcoin.

[dimpsk]

What I hate here is that some people says mining of some coins don't worths because of high electricity fees (mining goes into minus).
Also we all have to consider the fact that price of coins rises, just remember how ether rised, how ripple rised, how bitcoin rised.....
Cost of electricity doesn't worths when you see a high hope in coin, it worths to mine it in any way and wait for long term profit.

Only bitcoin rose, all tagged along for the ride. Now as I believe ethereum is the future, only eth will keep rising and other will tag along for the ride with it, for now still bitcoin.

Etherium  couldnot  be the future, itis only one of miriads another altcoins. Not fast, not anonimous, not scaleable. Smart contracts - what this? It's a mith of Vitalic, who uses it in real life. And NEO, Cardano and others are the same. Also I wander if he was a good programmer after all. Where is so called Casper?

Bitcoin is a name.  May be Bitcoin Cash.

[Dagamus(NM)]

1 1080ti  STRUGGLES to make $3 a day....

1 VEGA 64 STRUGGLES to make $3 a day....

the days that these cards made $15 a day are long gone and they wont be coming back....

think about that and ask yourself if its worth it

It is cyclical, we are down right now but new coins and higher prices will fuel mining. Last year at this time it became very profitable. Peaked around June and slowly receded until November where it climbed until it spiked. Adding new hardware is tricky but it isn't a bad strategy to reinvest a portion of profits into new equipment. That said, might want to wait for GPU prices to come back down. They are slowly coming back into stock and the fever to buy every last one has receded a bit.

With the rumors speculating that the new cards from NVidia will not come out until at least Q3 make it enticing to pick up more cards. I think if I can score any 6GB 1060s for under $319 I will add them. I don't know if we will see 1070s return which is a bummer as they are just as profitable right now as my Titan XPs are which is really sad.

[Metroid]

With the rumors speculating that the new cards from NVidia will not come out until at least Q3 make it enticing to pick up more cards.

Are you demented? saying q3? nvidia new cards is next month.