Mining , still worth it?

[treanski]

what happened back then in 2013 to gpu mining? was it first asics for bitcoin/litecoin?

[QuintLeo]

what happened back then in 2013 to gpu mining? was it first asics for bitcoin/litecoin?

Late 2013 was the Litecoin (and other early Scrypt coins to a lesser degree like DOGE) mining craze - then early 2014 saw a double whammy, first Litecoin price started dropping then the Gridseed ASIC showed up.
There was a brief time when a lot of GPUs moved to X11 coins (DarkCoin now known as DASH was starting to get big) but the massive move of GPUs into X11 killed profitability fast.

[2alt]

It depends on electricity. How optimized your rig(s) is, what you are mining, etc.

Also that hardware holds value. You will always be able to sell a video card. How much, well that depends. Any card I bought for x dollars I can turn around and sell it for the probably same today.

I am looking for cards. I hope lots say mining isn't worth it and we see an influx of cards on ebay and I buy them up

Mining is also a great way to anonymously get money into the system. Without added fees of pulling cash out of your bank account. I take my earnings and further trade them.

Also mining is pretty exciting. Perhaps you could get into some smaller / better pools. Or solo mine a coin that maybe you get once every 2-3 days and see how your luck goes

If you are mining on ethermine / flypool, they are mining 1000 blocks a second and there is no fun in that. Or if you are mining to pull the cash out right away, not worth the trouble I think. Save your BTC. Sure it may dip more, but it will go back up.

[MikuKobato]

just hold on.

[dimpsk]

It depends on electricity. How optimized your rig(s) is, what you are mining, etc.

Also that hardware holds value. You will always be able to sell a video card. How much, well that depends. Any card I bought for x dollars I can turn around and sell it for the probably same today.

I am looking for cards. I hope lots say mining isn't worth it and we see an influx of cards on ebay and I buy them up

Mining is also a great way to anonymously get money into the system. Without added fees of pulling cash out of your bank account. I take my earnings and further trade them.

Also mining is pretty exciting. Perhaps you could get into some smaller / better pools. Or solo mine a coin that maybe you get once every 2-3 days and see how your luck goes

If you are mining on ethermine / flypool, they are mining 1000 blocks a second and there is no fun in that. Or if you are mining to pull the cash out right away, not worth the trouble I think. Save your BTC. Sure it may dip more, but it will go back up.

Stop it   It's not the time to look for new cards

[Metroid]

eth $0.40 per rx 580 per day, makes you think what the hell is going on, most probable is bitmain running eth asics.

[Alex Khvatov]

It is not worth getting into BTC mining now, considering with all the equipment that you have to buy. Maybe it is worth to continue mining with the technology you already have, though the returns are rapidly diminishing. Even if some BTC will remain unmined, once the rates fall by 1/2 in 2020 - it will be worthless. As for the other crypto-currencies, it depends! If you start mining an altcoin now and then it shoots up x1000 in price next year, then yeah - it's worth it. But it is sort of like a lottery (though with more chances of winning).

[dimpsk]

eth $0.40 per rx 580 per day, makes you think what the hell is going on, most probable is bitmain running eth asics.

Generally eth asics is a mith. The only thing that possible is gpu assemblings with near the same (maybe fifty percent better) effectiveness.
The main reason - smashing alcoins falling. Eth is going to $300 - near the real electricity repayment level I afraid.

That's mean all you have gain on mining you will pay for electricity bills.

[dimpsk]

It is not worth getting into BTC mining now, considering with all the equipment that you have to buy. Maybe it is worth to continue mining with the technology you already have, though the returns are rapidly diminishing. Even if some BTC will remain unmined, once the rates fall by 1/2 in 2020 - it will be worthless. As for the other crypto-currencies, it depends! If you start mining an altcoin now and then it shoots up x1000 in price next year, then yeah - it's worth it. But it is sort of like a lottery (though with more chances of winning).

But it much better is just to buy some altcoins as lottery tickets instead of buying equipment for mining it. Because mining doesnot worth it

[2alt]

But I think when ETH falls to $300, miners will drop off and diff will drop.

Also samsung making ASIC. They are going to bring out some $100 ASIC miner that can mine 5 blocks solo a day. Just watch.

[dimpsk]

But I think when ETH falls to $300, miners will drop off and diff will drop.

Also samsung making ASIC. They are going to bring out some $100 ASIC miner that can mine 5 blocks solo a day. Just watch.

Yep, I think it's a selfregulation market too.
And my previous prediction in this topic that mining does not worth it becames true

[Metroid]

funny i think eth will have a huge pump to $1500 very soon.

[2alt]

No way.

It only hit $1400 because after BTC surged end of 2017, whales then pumped ETH. Its not going anywhere close to that until BTC is way up. I do think ETH will hit $1400 again, but not in the near future. We have to wait for BTC to finish dumping, then go up 5k+ or so without a drought to see ETH pumped again.

BTC topped out on Dec 18th. Check ETH what started to happen at that exact moment.

[ManicMiner23]

funny i think eth will have a huge pump to $1500 very soon.

I will pray for your prediction to become real, but . . . when people make predictions about future value of eth, is there any information, maket analisys?, any future event that will lead to the value of eth to rally and multiply its current value x3?

Thanks.

[2alt]

Sure. The event that is needed for ETH to hit $1500 is BTC hitting 20k+. The faster it gets there will determine the value of ETH since you won't start seeing massive buys until BTC is up and stable.

ETH is nothing more than an alt.

[retard75]

ETH is rock solid. Just like BTC. And gold.

It's the paper that varys. That's the way you should think.

B/c ...  the crypto doom is much more bearable with the idea that fiat just had a hiccup. "Hehe" 

[Digital Drug Lord]

No way.

It only hit $1400 because after BTC surged end of 2017, whales then pumped ETH. Its not going anywhere close to that until BTC is way up. I do think ETH will hit $1400 again, but not in the near future. We have to wait for BTC to finish dumping, then go up 5k+ or so without a drought to see ETH pumped again.

BTC topped out on Dec 18th. Check ETH what started to happen at that exact moment.

Crypto is dead in 2018 times to face it

It might get pumped towards the end of the year again

But do you really want to spend $8000 on a mining rig so each 1080ti can make $1 a day?

[waiztarno]

Mining never dies

[gotminer]

funny i think eth will have a huge pump to $1500 very soon.

That would be great.  4X on ETH for me!

[gotminer]

No way.

It only hit $1400 because after BTC surged end of 2017, whales then pumped ETH. Its not going anywhere close to that until BTC is way up. I do think ETH will hit $1400 again, but not in the near future. We have to wait for BTC to finish dumping, then go up 5k+ or so without a drought to see ETH pumped again.

BTC topped out on Dec 18th. Check ETH what started to happen at that exact moment.

Crypto is dead in 2018 times to face it

It might get pumped towards the end of the year again

But do you really want to spend $8000 on a mining rig so each 1080ti can make $1 a day?

I have more than one 6gpu 1080ti rigs and I didn't spend half that on the entire rig ... Lol.  Fuck no I would never spend 8K on a 1080ti mining rig.