Mining , still worth it?

[Crypto__Men]

Look:

1) the Cue ball now costs about $8,500
2) Antminer S9 14 TH/s together with APW3++ costs $1864. With delivery it's about $ 2000
3) Antminer S9 now pays 0.001 BTC per day. It's about 0.03 BTC per month. Taking into account the increasing complexity of Antminer S9 for life without taking into account possible breakdowns will produce 0.03 BTC * (1 + Month increase in complexity) / Monthly increase in complexity (Because it is an infinitely decreasing geometric progression)
4) the Average increase of difficulty per month
- in 2017 was 17%
- in 1Q 2018 about 23%
5) So taking into account, say, 18% increase in complexity per month Antminer S9 will produce 0.03 BTC * (1 + 18%) / 18% = 0,197 BTC for life
6) but now the cost of equipment ($2000) you can buy $2000 / $8500 = 0,235 BTC

So you can either get 0,235 BTC now or buy the ASIC and to 0.197 inch BTC in 2-3 years.

What's the point? Why is someone buying asiks now?  Huh Huh Huh

Or am I wrong somewhere?  RollEyes

I did not take into account the fee for the confirmation of transactions.
How big is it? How much on average can you earn on this Commission on S9?  Huh.

[QuintLeo]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

Yeah, still 1080Ti is the best!

Titan V > 1080 ti for income.
We won't talk about the ROI though....

9-)

[QuintLeo]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible  You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

1080 ti is capable RIGHT NOW of over $3/day - via merged folding.
If I could get my issues with Bittrex straightened out I'd be considering that option.

[dimpsk]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible  You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

My 5x R9 290 rig pulls in about 7.5 usd per day. With rig what would have 5x 1080 Ti probably would bring in over 15 usd a day.

What makes you say that? Just look up on whattomine  perfomance of 1080ti and decrease it by 30%. Result could be astonishing

[smoolae]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible   You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

My 5x R9 290 rig pulls in about 7.5 usd per day. With rig what would have 5x 1080 Ti probably would bring in over 15 usd a day.

What makes you say that? Just look up on whattomine  perfomance of 1080ti and decrease it by 30%. Result could be astonishing

Hate to burst your bubble there mate, but whattomine is pretty much useless tbh for bigger gains.

[oegarod]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible  You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

My 5x R9 290 rig pulls in about 7.5 usd per day. With rig what would have 5x 1080 Ti probably would bring in over 15 usd a day.

If that's the calculation, what will be the amount spend on power consumption. Is the 15Usd is out of the power consumption charges.

[smoolae]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible  You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

My 5x R9 290 rig pulls in about 7.5 usd per day. With rig what would have 5x 1080 Ti probably would bring in over 15 usd a day.

If that's the calculation, what will be the amount spend on power consumption. Is the 15Usd is out of the power consumption charges.

7.5 - power (3 usd)

[gwestcot]

well, the times for good profits, when a miner could earn 5-7$ per day from gtx 1080ti is long over
gladly I was able to ROI all may rigs, so I'm really OK with today's profits 1-1.5$  per card
will wait when profits will start to cone back again  ( 5- 6 month)

I get about 3.5-4 dollars per 1080 TI right now. That's not what it used to be but again it is a hell of a lot better than most.

It almost impossible  You could not get more then $1,5 per GPU in a day now. I mean now. Not in old good times.

My 5x R9 290 rig pulls in about 7.5 usd per day. With rig what would have 5x 1080 Ti probably would bring in over 15 usd a day.

If that's the calculation, what will be the amount spend on power consumption. Is the 15Usd is out of the power consumption charges.

I get about 30 dollars per day with my 8x 1080 TI rigs and the electricity cost is about 4.25 per day.

[IrishGirl710]

Im simulating mining with Electronium. I will be a whale someday, long after im dead tho:P

[gotminer]

Im simulating mining with Electronium. I will be a whale someday, long after im dead tho:P

You mean long after your phone is dead, I think

[dimpsk]

Im simulating mining with Electronium. I will be a whale someday, long after im dead tho:P

It is for those who wants to  leave forever. And have free electricity too 

[gotminer]

Im simulating mining with Electronium. I will be a whale someday, long after im dead tho:P

It is for those who wants to  leave forever. And have free electricity too 

You have no idea what you are even talking about, dipstick    What do you mean to leave forever?  He's talking about simulated mining on a smart phone.  You don't need free electricity to power your smart phone.

Not that I personally mine etn with a smart phone, because it just isn't worth the hassle to me.  I sure as hell believe in the project and mine it with my Vega rig though.

[oni4an]

If you already have a farm for mining, definitely worth to increase their power, something that you already have will compensate for new acquisitions, the market will return and you re crypto will earn from video card $7-8 a day.

[FallApart]

yep, just make sure u've got very powerful hardware not to burn your computer   you can also invest in some kind of mining ico to get rid of all the additional expenses

[berytry]

many of which affect the provit mining factors, such as electricity costs. because electricity is not only used for RIG but also used for air conditioner. besides the provit mining effect if the amount of miner is very much, the more miner then the less chance we provit. in my country, currently mining provit, but not so big.

[retard75]

Im simulating mining with Electronium. I will be a whale someday, long after im dead tho:P

Bwahahahaha ....

What a crap coin.

[Piskeante]

let me tackle this straight forward to solve this stupid conversation if it's profitable or not.

my 10 gpus (RX 580's and RX 570's) are doing 316,5 mh/s (a very good number TBH). the rig uses around 1500W.  (all undervolted , RX 570 about 830-840mv and RX 580 about 860-880mv at 1240 core). So pretty nice performance.

At this very momment, i would be getting like 0.677 ETH/month according to difficulty status right now (which is BTW hyperbig). Vitalik applied Byzantium when difficulty was about 3. We are now at 3,2-3,3.

my monthly income, at current prices considering this numbers, (+pool fee 1% + stale shares) would be of 347$

When i add to that the cost of electricity 0.18$ / Kwh (i pay in Spain in Euros, so my price is 0,115€ (one of the best, if not THE BEST price here + taxes 26% on top), it gives a total profit after electricity costs of 152$ per month.

if i convert it to € (in Spain we use € not $), i get 122€.

forgot about ROI (yes, i use ROI). At current prices, 2 years. All of my cards were bought in the cheap. my most expensive card, i paid for it 300€. Most of my RX 570 and RX 580 were bought for prices around 205 to 250€ (250$ to 309$). So i didn't even expend a lot of money in the cards. Those people that have bought cards for double that amount (my cards are actually 399€ for RX 570 and 429-459 for RX 580) , well, they are completely REKT right now.

Are you telling me that mining is profitable??? NO, IT'S NOT. You can believe in the future if you want. You can believe and ghosts, in God or whatever fucked up reason to continue mining a coin that will enter PoS in just 3 months from now. You can do it. You can even say that you are going to continue mining because eventually ETH will go up and you´ll get your part from it. You can also believe that if you buy your ticket, you can win the lottery.

BUT, if you consider the situation worldwide, the problems governments and banks are putting to crypto, the technical analysis , the bad news, the regulations, taxes and laws that are planning on destroying anonymity in crypto, being optimistic right now about this is just a FUD to yourself. you are misleading yourself.


The reason why you cannot accept reality, is because it would mean a fail for you. You guys are actually faith blinded. You need to believe in this market because you don't want to accept this. No matter if you are getting little to no profit at all. you believe in something that it's NOT PROFITABLE RIGHT NOW ar at least, not worth the effort.


Psicologist say that many many people don't react correctly to external inputs, to reality because their minds have been taught not to change. Mine can change. I invested little money here, just to take a shot. But this is not profitable at present.


my numbers talk clearly for me. Maybe , depending on the coin, on electricity costs, on hardware and all that, you can get enough profit to say "it's worth". But for me. It's not worth. Numbers talk. This is not OPINION. This are FACTS for me. This cannot be discussed. I will not use my money to help construct ETH chain if i don't get nice profit. You can do it if you want.

[Metroid]

Summer is coming to europeans, americans and russians and with summer at least 30% more to pay on the electric bill hehe, so if your trollmind says is profitable then you should calculate it again and deduct 30% more from your final net profit hehe

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.2&hcost=450.0&commit=Calculate

Already did the thing for you on the electricity side, looks like your final profit per day per card will be $0.30 but put much lower cause pools steal 30% of your profit so in the end 1 x rx 580 30 mhs will give you $0.20 per day mining 24/7 on summer hehe.  ROI per card extended to 2000 days ehhe

Soon eth will have to triple its price, right now eth is really cheap and a bullrun is 100% certain. Given the difficult and how much miners are earning per rx 580. I'd say  miners would be stupid to even think about selling eth at this price.

[Piskeante]

Summer is coming to europeans, americans and russians and with summer at least 30% more to pay on the electric bill hehe, so if your trollmind says is profitable then you should calculate it again and deduct 30% more from your final net profit hehe

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.2&hcost=450.0&commit=Calculate

Already did the thing for you on the electricity side, looks like your final profit per day per card will be $0.30 but put much lower cause pools steal 30% of your profit so in the end 1 x rx 580 30 mhs will give you $0.20 per day mining 24/7 on summer hehe.  ROI per card extended to 2000 days ehhe

although that can be true for others, it's not for me. I have a fixed electricity price all the year, so my price is always the same. 0.115€ Kwh x 26% taxes = 0.145€ = 0.18$

the problem is not holding. The problem is that once PoS is applied, what will people with 1 or 2 or maybe 3 coins have to do, if Vitalik applies like 1000 coins to enter in PoS??? They will be forced to sell before PoS at low prices because they can risk of losing it all. Then those cheap coins will be bought by whales to increase their participation in PoS and get more money from smart contracts using ETH.

This strategy is clear as fuck.

Maybe that's why ETH is the worst top 5 coins performer. While BTC has won 8% in the last week, ETH has lost 9.2% . Reality says this is not gonna end well for ETH.

[Metroid]

although that can be true for others, it's not for me. I have a fixed electricity price all the year, so my price is always the same. 0.115€ Kwh x 26% taxes = 0.145€ = 0.18$

In summer, electronics use 30% more electricity than winter, they require more for cooling and safety. In summer is normal for you to see 30% more on your electricity bill.

For example, a mining rig which use 800 watts on winter, will use 940 watts on summer to work the same as the 800 watts on winter. Cold all year long helps to save money on the electricity bill.

A gpu card which works at 850mv on winter will need at least 900mv to work on summer. Usually if you are an experienced miner, you have settings for winter and summer to save electricity, you can keep your summer settings for winter but cant keep your winter settings for summer. However if you keep your summer settings for winter then you will be wasting electricity too cause on winter things work so much better so you have to undervolt a lot till you find the right value for the average temperature of the winter. It is a lot of work, so many people just leave the summer settings for winter.