Mining , still worth it?

[grendel25]

It will be interesting to see how many new miners will be frustrated and what cheap GPUs we may see flood the market.  This cycle seems to continue over the years and that's okay.  Even new miners who fail now may come back stronger later and the vicious cycle of gamer/miner hatred continues.  

There is a lot happening in the mining world right now and it all pretty much amounts to hyped prices.  I won't be surprised to see the $12K ASICS going for $1K or less.  GPUs are less predictable but it depends on how well things like threadripper and new GPU releases do.

[grendel25]

if you are a business mining entity, perhaps it is worth it. gone are the days mining is worth it for hobbyist. last it was fun backa t 2014/2015.

Business ownership can be fun.  Actually, if mining is your passion then I highly recommend accounting for it as a business.  There is nothing better than finding your passion and making it your job.  It's more like your getting paid to play instead of paid to labor.

[coins4commies]

i was making 20 cents per card last check. not gonna check again for a few days.

[QuintLeo]

Same boat, I used to dump my GPUs after a year or so but I always regretted it.  I think its better to use them for 5 years at least , since they are paid off

I have yet to "dump" any GPU I have mined with, unless it flat out died.
If I can't mine profitably with them, there's other stuff I can do with them 'till some new coin shows up that IS profitable.

[Marvell2]

Same boat, I used to dump my GPUs after a year or so but I always regretted it.  I think its better to use them for 5 years at least , since they are paid off

I have yet to "dump" any GPU I have mined with, unless it flat out died.
If I can't mine profitably with them, there's other stuff I can do with them 'till some new coin shows up that IS profitable.

In dump i meant replace them with newer models, or sell them when profit declined , not sure why you think i meant dump literally lol

who would just trash a 300 gpu with a 3 year warranty /boggle

[Thiekungan]

I think mining is still worth doing but maybe the result is not as much if doing other things, such as bounty campaign

[treanski]

i sold all my old 1 year old rx 580´s with around 50% profit/gpu...they where paid off long time, made alot profit...now i´ll wait for new gddr6 gpus

with gpus its like with asics  to avoid falling further behind you need always new models...of course you can use a gpu much longer and for different coins...but after some time its the same math

[adaseb]

Yes I agree.
Profitability right now isn't the greatest. Under my calculations for Equihash, it's about 25% of what it was about 2 months ago.

Hopefully when Monero forks we might get CN profitable again.

[treanski]

Yes I agree.
Profitability right now isn't the greatest. Under my calculations for Equihash, it's about 25% of what it was about 2 months ago.

Hopefully when Monero forks we might get CN profitable again.

im sure that aint gonna happen, asic companys now sell their useless hardware and will just switch on their updated miners when the forks happens.
if just 400mhs of the monero hashrate the last months have been bitmain/baikal you can calculate what they earned, they can effort easy to build a new asic for everys cryptonight algo change

[Iamtutut]

3 - anything you buy now, will not have resale value at all since new gpus are coming and people like new gpus, example, the last nvidia series 980.

I disagree, old GPUs can always be sold for people who are looking for a budget / 2nd hand computer. Expect 20-25% of what you paid, not much but in no case a total loss of value.

[YellowCake]

Interesting to me is the question of weather or not mining is still worth it, but without alot of context as to why people are mining in the first place. Because to me, either you are in it for some held beleifs or what not, or you are in it to make money as in treating it like a business. I think many miners that begin mining like the idea of making money, but have no idea how to treat it like a business. For example, for making money, asic's to me make sense, and those sense (cents...sorry couldn't resist) add up to dollars which any business needs coming in. If you are mining because of other loyal or crypto religious beliefs, then maybe it is worth it to those, but not so much to those who would like to run it as a home business, but don't know how...to those, maybe it would never be 'worth it'...I'm not saying I'm only ASIC, but I'll mine with whatever is still 'worth it'.

[Ajiloveyuyun]

you better switch to GPU compared to CPU, because CPU consumes big power and its revenue is also not how, good step is to sell your CPU and replace it with GPU, this way you can make a big profit.

this is only my suggestion, if your income by way of mining on the CPU is still high then continue it, until the CPU is no longer able to read the coin coin algorithm you mine.

[Lantic_Mining]

If you are looking for a short term profit or a regular income then no, definitely not worth it at the moment.
If you can wait for your profit and HODL established coins or are willing to put some time into finding coins which 'might' have future value then yes, worth it.

Most of our own rigs are speculative mining with the current bear market and profitability. Customer's rigs seem to be split about 50/50 between those who haven't changed from ETH etc. and those who are mining some fairly obscure or new coins. At a guess I'd say about 5% have either reduced their number of rigs or have at least considered and asked about what price they could sell them for.

Regards,


Steve

[Emoss3417]

If you can afford a GPU or two and wont miss that money, dive in today. Even if you don't ROI, the learning experience is worth the cost.

[dimpsk]

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic  coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or  not.

[gotminer]

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic  coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or  not.

You really have no idea what you are talking about.  Your ignorance is quite comical though.

[dimpsk]

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic  coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or  not.

You really have no idea what you are talking about.  Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

[Lantic_Mining]

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic  coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or  not.

You really have no idea what you are talking about.  Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

It depends what you are paying for components I'd guess. Here in the UK it works out to about 10 months ROI although that would be a little optimistic if the current conditions continue and who knows how long if ETH ever does go to PoS...

Regards,


Steve

[dimpsk]

GPU or CPU is a depreciated product, so if you can't get decent profit then better think twice. But I found the ROI is still acceptable, maybe roughly 1 year or more to earn back your GPU invested.

Nope. The days of 1 year ROI on GPU are gone. Also there is no magic  coins.
Now ROI is 2 years if your electricity is free and 3 years if not.

Apparantly I mean the farm of best GPU. Not such garbige as 4670 e.t.c. And not one any GPU in the system block.

That's it. No matter like you it or  not.

You really have no idea what you are talking about.  Your ignorance is quite comical though.

I have a working rig and I am familar with mathmatics instead of some dreamers

It depends what you are paying for components I'd guess. Here in the UK it works out to about 10 months ROI although that would be a little optimistic if the current conditions continue and who knows how long if ETH ever does go to PoS...

Regards,


Steve

You are really lucky  then And how much is GTX 1070 in UK for example ?

[QuintLeo]

Some contacts IRL i know from years ago are mining with 10 computers since last year, i said them it is not worth it nowadays but they still trust in the system.

I personally think 10 computers this days is not enough to make mining worth it as the price of electrycity in my country is high and mining consume a lot of it.

I think some clarification is needed - 10 machines with 1 GPU each or 10 machines with 19 GPUs each would be a HUGE difference.

My ongoing project of "convert my old Folding rigs to riser rigs" has REDUCED the number of "computers" I have actively mining, but I have more GPUs mining today than ever because I have more GPUs PER computer.