Mining , still worth it?

[senseless]

Yes, mining is still worth it. You just need to be better than the average joe.

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[ptjoy]

Mining will worth it, if you did research of what currency with what equipment you can mine with best calculated roi, and smaller period of time.

[klintistwood]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

[m.vina]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

[Sandal_Hat]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

[baga105]

Until you get your E3 to your house, you could only use it to heat up your house

[gwestcot]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody likes bitmain these days.  

[Sandal_Hat]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days. 

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

[gwestcot]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days. 

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

I just hope they try to focus on coins that already have established ASIC markets rather than trying to create new ones that the community doesn't want. They should come out with an improved Bitcoin miner instead of branching to cryptonight, ethash, and everything else under the sun.

[Sandal_Hat]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Dont buy gpus now. The antminer E3 is too much cheaper and will drive gpu down the drain.
In general, mining is just not worth it now. Too much risk for this kinda return.

I really feel like the E3 will get bricked like the cryptonight variety did. Nobody like bitmain these days.  

Or could be like SIA coin. No fork.
I hope bitmain lowers their production.

I just hope they try to focus on coins that already have established ASIC markets rather than trying to create new ones that the community doesn't want. They should come out with an improved Bitcoin miner instead of branching to cryptonight, ethash, and everything else under the sun.

Why would one improve a btc miner when there is no need to. Can only improve to 10nm which is not much. It will cannibalize sales of their own S9 product....no point. The current 10nm node miners have proven to not be special or anything.

[dimpsk]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

[gotminer]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

[dimpsk]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

[demonch1k]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

[gotminer]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

Not really imaginary.  If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60.  My electricity for the month was around $400.  Now go IMAGINE that you grew a brain.  

[QuintLeo]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

My "imaginary earnings" have been paying my rent, electric bill, Internet bill, buying food, putting gas in the van, and other such stuff for 2 years now with ZERO other income past the first few months of that timeframe.
The cash in my wallet and the money in my credit union checking account sure don't SEEM imaginary.

[QuintLeo]

I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Right this second, you need appx. 800 Mhash/sec to earn 1.9 ETH per month - that would be 26 Nvidia 1070 models or 28-30 AMD RX 470/480/570/580 models.
Power consumption presuming WELL OPTIMIZED rigs would be around 3000 watts on the Nvidia side and 3500-4000 watts on the AMD side.
The AMD option would be lower up-front cost at current card pricing.

My power bill for 4 KW continuous power draw 24 hours a day 30 days a month would be a bit under $160 ALL fees and taxes included, and I could drop it to about $110 if I lived one county over.


In my case, the actual numbers are a bit lower for ETH income, a bit higher on power use per rig (the R290 rig eats a LOT more power than a 1070 or Polaris rig would but since the cards are long paid for and ARE still profitable), but the majority of my income right now is from ZEC not ETH.
I DID just drop my electric bill by almost a third, when I shut down my A2 Scrypt farm 'cause it wasn't even breaking even any more *BEFORE* factoring in cooling costs (though evap cooling is CHEAP, and a lot of my cooling is forced-airflow).

[dimpsk]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

Not really imaginary.  If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60.  My electricity for the month was around $400.  Now go IMAGINE that you grew a brain.  

Your imagination is really great especially for those who can count $0.4 per day profit from one GPU NVIDIA 1070 for example

[dx_twisted]

Yes, mining is still worth it. You just need to be better than the average joe.

How can you be better than the average joe when it's all about hardwares and stuffs? Do you mean that one should have resources which they can able to buy those things that they need? I'm at 50/50 point when it comes to mining, especially that there is a scarcity in GPU's. Wish that I can turn back the clock and never invest into ICO's or trading new coins. I was able to purchase 3x 1080 Ti's when it was cheaper @ $1k/unit and put half of my investment to those things that I mentioned. If you have faith in what you do and have a better decision capacity than I am, mining will still be profitable.

[gotminer]

If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  

Not really imaginary.  If I cash out my mining earnings for the month of March right now @ $6775 btc, I would get $1239.60.  My electricity for the month was around $400.  Now go IMAGINE that you grew a brain.  

Your imagination is really great especially for those who can count $0.4 per day profit from one GPU NVIDIA 1070 for example

I can't figure you out.  You've either never mined before and are just comparing current daily profit with overpriced gpu's (which I never bought, by the way) or you tried mining and got burnt by over paying for gpu's, and now you're hopeless.  To be honest the latter is just about the same as the crowd who straight up purchased btc with fiat at it's ATH in December.  All of those guys are salty too.  Lol.  My mining farm is doing just fine, but thanks for the concern.

The math that you're calculating isn't set in stone.  It's a variable that changes very frequently.  Exactly why I provided numbers that were over the course of an entire month. 

From the way that you talk, I don't think you've been around very long, so I can understand your point of view.  If I were looking to get into gpu mining right now or any time in the past few months, I wouldn't do it.  The reason that I have the opinion that I do is because if you would have purchased reasonably priced gpu's last year and rode the upturn of the market for a while, you would feel much better about the situation. 

I'm mining, I'm trading, I'm buying just to hold ... Adjust your strategy and portfolio based on what is best for you.  Or if you don't believe in crypto, get the fuck out, and go trade something else.  Not sure what else to tell you.