if you live in the EU, watch your profit. I've already turned off my rigs.

[dsmn]

because ~95% of the miners are retarded and dont know what they are doing
yes everybody who mines directly eth is either stupid or have free electricity, if your 580´s are not good on cryptonight your biosmod and/or mienr config sucks,
buy a fucking wattmeter then you will see the difference between ethash and cN, 850mv-875mv says a fuck about real powerdraw on different algos.
you need alot to learn

just a small example with my 4 vega rig
with proper tuning/config

4 vegas = ~180mhs eth = 5,59$ daily befory electricity(~950w from the wall whole rig)
4 vegas = 8000hs xmr = 6,49$ daily before electricity(~710w from the wall whole rig)
(profits i took current stats from whattomine for idiots)

cn = -25% powerdraw + 16% more $ daily on xmr + 25% saved electricity

Heh you dont have to be rude man, and XMR is only that good for cards with HBM. And you can say what you want, but in my opinion those most stupid are those with vega's, at the time they were released you should have known the bubble would burst

So dont try to tell others they are stupid by showing your own stupidity.

[Vispilio]

Heh you dont have to be rude man, and XMR is only that good for cards with HBM. And you can say what you want, but in my opinion those most stupid are those with vega's, at the time they were released you should have known the bubble would burst

So dont try to tell others they are stupid by showing your own stupidity.

great comment, a lot of people with very little business sense and professionalism get into mining and then come here to spread false propaganda about their fallacious business

practices. ETH would be a smart choice, especially if you are not forced to periodically sell your mining earnings, and can hold on till the price recovers a bit. These current prices

can be considered a solid bottom for robust coins like ETH & ZEC.

[dsmn]

ETH would be a smart choice, especially if you are not forced to periodically sell your mining earnings, and can hold on till the price recovers a bit. These current prices

can be considered a solid bottom for robust coins like ETH & ZEC.

Exactly, and in the end you also have to say to yourself how do I want things to be, I dont want 10000 shitcoins being arround, now i dont call XMR a shitcoin, but manny of the other coins some waste their hashing power is shitcoins, and will most likely never be worth much so they are speculative mining something thats most likely never going up unless the big boss bitcoin pulls it up.

As long as some support mine buy etc shitcoins they are gona be arround. What they should be doing was to mine one of the big established coins, and show their support to something that has proven itself. Its all about the greed, people think they came to late for ETH "now i better mine this shitcoin and hope it goes 1000x", well let me be clear here it most likely wont, and you would be better of mining ETH and buying your shitcoin since eth is what gives the most for most common graphics cards.

[Piskeante]

since last time, today i'm shutting down my rigs. The total profit after electricity is just about 85€ (about 100$) per month. I live by the sea, and in my mining room i have normally from 32ºC to 40ºC with a 24 hours two fan working to move and take out hot air. Air conditioning ON would destroy any profit right now.

What a disaster.  

[ikicha]

Yeah, after bitcoin down and others altcoin since ATH. The mining profitability is very low at the moment.
I have 10 RX 570 card, based on coincalculator i got $9/day and after electricity is $6 per day. This is very not worthed

[Omg9500]

I have a 13 GPU (RX580) rig which today generates around 11 euro a day and consumes 1750 watt on the wall. My electricity cost is 0.06 euro per kw/h hence per day approx 2.50 euro per day. Leaves 8.50 euro per day or approx 255 euro per month. not that great but still profitable. lets hope for better times.

[Comino]

If you are an experienced miner you are probably thinking of a long term investment.

Your first long term investment was when you bought a rig, considering its stability, durability of its components, energy consumption (for example, PUE of aircooled rig is up to 2.0, PUE of liquid cooled 1.05 this is where you feel a significant difference), the ability of the rig to change the components, upgrade its parts or even change the mining algorithms.
 
Your second longterm investment - not cashing out your mining profits daily.

With the right choice even at current electricity prices you can still have a small but regular profit with a future handicap.

[baga105]

The point of mining is making your bag full with coins, not selling them right away.

Just shut down, there will be difficulty drop. more coins for me

[xxxyyyzzz]

since last time, today i'm shutting down my rigs. The total profit after electricity is just about 85€ (about 100$) per month. I live by the sea, and in my mining room i have normally from 32ºC to 40ºC with a 24 hours two fan working to move and take out hot air. Air conditioning ON would destroy any profit right now.

What a disaster.  

Yes, totally agree with you. not profitable, right now... if we call 100USD not profitable, but still if you need AC on, then tottaly better to turn it off.  i hope this will be better when this summer is over. if things stays the same.   lets watch for profits and make best out of it... 

i like mining, its a bit a hobie for me, but not for every cost... lets be reasonable here.

[Piskeante]

The point of mining is making your bag full with coins, not selling them right away.

Just shut down, there will be difficulty drop. more coins for me

turning my rigs off will not make any difference at all. In fact, yesterday the network hashrate went for 247.000GH, and today is at 262.000GH and this increase is due to ASIC which are going to make your mining way less profitable.

[lunobird]

Be lucky you guys are saying less profits. I been going red losing money each month at 26 cents kwatt rate with my 34 gpu Nvidia   Seeing your profits diminish makes me excited. I'll pay a bit to laugh and see you all suffer.  I'm going to grind you all down to the ground with me till you cry and capitulate and panic dump.

Guess what's after the bear trend. It's accumulation at low prices. That's means you won't be making any profits this year. It's going to be a very loooong grind downwards and eventually at the bottom flat into next year

[Sikkan666]

The point of mining is making your bag full with coins, not selling them right away.

Just shut down, there will be difficulty drop. more coins for me

couldnt agree more. And mining what EVERYone else is mining (yes, I am looking at you, whattomine-miner) is just not the best. and being a zombie-miner (nicehash) is even worse.


I am not shuttng down for atleast 2,5 years.

[borox]

Hi,

my rigs still create a nice profit for me (still above 800$ a month). Of course, it depends where you live in the EU - and what your current energy costs per kWh are. And how you configure your devices. I am currently running my GPU rigs using a pool/algo/device switching script (https://github.com/RainbowMiner/RainbowMiner) that is able to set MSI Afterburner profiles according to different miners and algorithms. With that, I have the impression, my rigs hit the most-profitable bell quite often.

borox

[Comino]

Now, when ETH dropped considerably again there will probably be more and more miners switching off their rigs. But, especially, if you’ve been mining for some time and your rig has already covered your investment, you will keep earning. Keep the coins, be patient and target long-term.

[adaseb]

Seems so many people are shutting down their rigs... however looking at the difficulty charts it doesn't reflect that. The difficulty is still climbing.

So most likely the difficulty will still go up, even if price goes lower.

https://etherscan.io/chart/hashrate

[dagarair]

I keep mining through the bad times, unless you all just sell as soon as you get it (and I guess thats a bunch of you) this is just a phase.  We old timers have seen it 50 times before.  ITS NOT A LOSS UNLESS YOU SELL IT NOW.  If you have to pay your bills with mining proceeds, then yeah sell your rigs and trade in coins.

[Piskeante]

people are not switching off their machines because THEY TAKE FOR GRANTED THAT THIS SITUATION IS JUST A STONE IN THE ROAD AND THE MARKET WILL GROW. They have no basis, no data, not even any technical analysis to suggest that that is bound to happen. That's just crazy.

here, are even guys that have posted saying they are mining at loss. For a miner, that's mad. like really mad. it would be better to buy directly the coins than mine for them at loss. That makes no sense. but i think is this mad world of crypto, almost nothing makes sense.

My mining rigs have been off for about 7 days now i think. Difficulty is increasing, so don't be that stupid to say that if i turn them off you win more money. Those are words that only a fuc.ing moron would say.


Even at this low prices, there is not an instant pump, so this means noone is willing to buy this coins. NOONE. If this situation continues another 24 hours more, we will see another dump in prices to about 300$ per ETH.


most of you have BLIND FAITH. My experience in this world has shown me that morons are the ones the die the first. If you don't risk you don't win right? i guess most of you consider this a small stone in the road. I'm afraid it's bigger than you think.

But hey! enjoy your actual loses mining.  My question is: how many more hits are you willing to receive before you consider, for the first time ever about this, that the situation is really tough and that there is a big possibility that the market dies???

I will not mine for loses. That's not my idea of mining.

[badbart]

Seems so many people are shutting down their rigs... however looking at the difficulty charts it doesn't reflect that. The difficulty is still climbing.

So most likely the difficulty will still go up, even if price goes lower.

https://etherscan.io/chart/hashrate

I would think most of the big farms are not shutting down they have low electrical cost and are not operating at a loss.  I moved all my rigs to ether because of the lower electrical usage.

Watch sentiment, when the people get really disputant and give up is when the market will turn.

[gotminer]

people are not switching off their machines because THEY TAKE FOR GRANTED THAT THIS SITUATION IS JUST A STONE IN THE ROAD AND THE MARKET WILL GROW. They have no basis, no data, not even any technical analysis to suggest that that is bound to happen. That's just crazy.

-There are no guarantees in life.  I wouldn't want to live my life without taking risks that are reasonable to me.  The market will eventually grow.  BTC isn't going anywhere.  My basis for that prediction is the past.  Have you ever looked at historical data?  Get over it, you're never going to find "proof" that btc will be worth X amount of dollars in the future.

here, are even guys that have posted saying they are mining at loss. For a miner, that's mad. like really mad. it would be better to buy directly the coins than mine for them at loss. That makes no sense. but i think is this mad world of crypto, almost nothing makes sense.

-I'm not mining at a loss, but I'm not doing as well as I was earlier in the year.  Sounds like you don't know anything about mining other than ETH.  I'm not converting anything to fiat either.  Never have.  I'm placing my bet on the btc price being several times what it is now in the next 3-5 years.  If someone wants to mine with the hardware that they already have at a loss and has that same belief, why would they shut their rigs off?  That's what doesn't make sense.  Either shut them off and sell them or continue mining.

My mining rigs have been off for about 7 days now i think. Difficulty is increasing, so don't be that stupid to say that if i turn them off you win more money. Those are words that only a fuc.ing moron would say.

Are you selling your rigs?  If you're just waiting for a coin price to go up and then turn them back on, you're the fucking moron.
 Difficulty is only going to continue to increase.  If you are just sitting on your rigs, they are becoming less and less valuable, while you are getting nothing out of them.

Even at this low prices, there is not an instant pump, so this means noone is willing to buy this coins. NOONE. If this situation continues another 24 hours more, we will see another dump in prices to about 300$ per ETH.

If there is another bitcoin sell off, eth will probably decrease in value as well.  I really don't think you understand the concept of trading. For every sell order filled, there is a buyer on the other end.

most of you have BLIND FAITH. My experience in this world has shown me that morons are the ones the die the first. If you don't risk you don't win right? i guess most of you consider this a small stone in the road. I'm afraid it's bigger than you think.

I agree.  You shut your rigs down, rolled over, and died.  I guess you're that moron that you are speaking of. 

But hey! enjoy your actual loses mining.  My question is: how many more hits are you willing to receive before you consider, for the first time ever about this, that the situation is really tough and that there is a big possibility that the market dies???

I will not mine for loses. That's not my idea of mining.

Well I haven't taken any hits, because I haven't sold any crypto for fiat.  I've only traded mined shitcoins for btc when the trading pair is acceptable to me.  The situation really isn't that tough for me.  I have the funds to pay my electrical expenses by other means than selling mined coins.  Big possibility that the crypto market dies?  Are you high? 

[Piskeante]

people are not switching off their machines because THEY TAKE FOR GRANTED THAT THIS SITUATION IS JUST A STONE IN THE ROAD AND THE MARKET WILL GROW. They have no basis, no data, not even any technical analysis to suggest that that is bound to happen. That's just crazy.

-There are no guarantees in life.  I wouldn't want to live my life without taking risks that are reasonable to me.  The market will eventually grow.  BTC isn't going anywhere.  My basis for that prediction is the past.  Have you ever looked at historical data?  Get over it, you're never going to find "proof" that btc will be worth X amount of dollars in the future.

here, are even guys that have posted saying they are mining at loss. For a miner, that's mad. like really mad. it would be better to buy directly the coins than mine for them at loss. That makes no sense. but i think is this mad world of crypto, almost nothing makes sense.

-I'm not mining at a loss, but I'm not doing as well as I was earlier in the year.  Sounds like you don't know anything about mining other than ETH.  I'm not converting anything to fiat either.  Never have.  I'm placing my bet on the btc price being several times what it is now in the next 3-5 years.  If someone wants to mine with the hardware that they already have at a loss and has that same belief, why would they shut their rigs off?  That's what doesn't make sense.  Either shut them off and sell them or continue mining.

My mining rigs have been off for about 7 days now i think. Difficulty is increasing, so don't be that stupid to say that if i turn them off you win more money. Those are words that only a fuc.ing moron would say.

Are you selling your rigs?  If you're just waiting for a coin price to go up and then turn them back on, you're the fucking moron.
 Difficulty is only going to continue to increase.  If you are just sitting on your rigs, they are becoming less and less valuable, while you are getting nothing out of them.

Even at this low prices, there is not an instant pump, so this means noone is willing to buy this coins. NOONE. If this situation continues another 24 hours more, we will see another dump in prices to about 300$ per ETH.

If there is another bitcoin sell off, eth will probably decrease in value as well.  I really don't think you understand the concept of trading. For every sell order filled, there is a buyer on the other end.

most of you have BLIND FAITH. My experience in this world has shown me that morons are the ones the die the first. If you don't risk you don't win right? i guess most of you consider this a small stone in the road. I'm afraid it's bigger than you think.

I agree.  You shut your rigs down, rolled over, and died.  I guess you're that moron that you are speaking of. 

But hey! enjoy your actual loses mining.  My question is: how many more hits are you willing to receive before you consider, for the first time ever about this, that the situation is really tough and that there is a big possibility that the market dies???

I will not mine for loses. That's not my idea of mining.

Well I haven't taken any hits, because I haven't sold any crypto for fiat.  I've only traded mined shitcoins for btc when the trading pair is acceptable to me.  The situation really isn't that tough for me.  I have the funds to pay my electrical expenses by other means than selling mined coins.  Big possibility that the crypto market dies?  Are you high? 

i'm not even going to bother quoting you, sorry.

you talk about "reasonable risk". but denying the situation, you are actually not being reasonable. In fact, you don't even consider the idea of a big crash of this market. Not even watching and suffering the signs.

SEC has postoponed their decision to 30 September. Only this caused a 10-13% drop over the last 24 hours for ETH and like 10% for BTC. Imagine what will happen if they deny that. CAN YOU IMAGINE??? What will happen if by 30 September SEC does not allow them to operate??? Ohh no, wait, you are above reality. the only thing that matters for you is your blind faith. You are not willing to accept anything the differs from your blind faith.

i'm not selling my rigs.

Your idea is: continue mining, even if i have to pay the electricity bill from my pocket because i know the coin will recover it's value. BTW, you have no fucking idea if that will happen. Just blind faith.

my idea is: i will not pay money out of my pocket to pay electricity, because if that happens, i'm a holder, and hodlers are better off buying the coins. Consider this. With the money you are paying everymonth for electricity, you could by more coins and be more profitable than paying for electricity. Are you sure you are not the MORON HERE???

BTW, i sell my coins for fiat once every two months, and only the amount to pay my electricity. Once i get ENOUGH profit by mining, i will turn them on. Sorry, i will not money on loses. Do it yourself.

Difficulty will increase. and no doubt in a few months your rigs will get less and less coins, but paying the same amount of electricity. ASIC is already destroying you. But you don't know it yet. You´ll discover it yourself sooner or later. In your case, probably later, i guess.

the concept of trading is simple. more than you are. it goes like this.

traders buy the coins the cheapest possible. the more you buy, the more the price will pump. Stupid people join the hype-train and buy, influenced by other stupids saying: hey!!1 jump in now or regret it!!! Those stupids are in a bull trap, but they don't know it. those initial traders, after getting their 5-10% will sell their coins for profit, because NOONE CARES ABOUT TECHNOLOGY. iS ALL ABOUT PROFIT.

If the coin continues to increase in price, traders will hold it for 6-12 hours. If it stops, they will sell and drop the value of the coin. If that drop triggers more sells from other inverstors, they will place buy orders are low prices, and if that prices is achieved, than they will buy.

The market is so manipulated that a big whale can push the coin up him alone.



the market has lost 25% cap in just 1 week. currently at 225 billion, from almost 300 billion. Noone buying coins. LITERALLY NOONE. So, are they waiting for the price to drop more to buy? how much more?? so people are willing to buy a coin that is "valuable" but they are waiting for it to be less valuable to buy it. God lord will push the "valuable" coin later, don't worry. Money grows in trees right??  Is that your idea???


never mind. you are one of those believers that will prefer to die mining that accepting they are acting like real morons. i don't blame you. this forum is toxic. Reality does not matter here. Hype is everything. And hype will dissapear anytime soon. Just enjoy your coins. who knows, tomorrow you can wake up and see  a big 0 on your account.

If that happen, i will be here. You´ll make my day.