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

[bambam99]

What I'm most afraid of.... the summer is comming

[BitBustah]

I gave up mning weeks ago.

Don't care what people say. Yes, I am in it for the money. And no, I don't believe BTC will go up in value.

[deskless]

What I'm most afraid of.... the summer is comming

summer is not there for you yet?

[treanski]

i wouldn´t suggest to invest in new hardware either, roi might be never reached, but who nows...tomorrow odds can be different
if you have your hardware paid off, you can still be profitable after electricity...i´m even mining profitable with 0,20€/kwh
just do some research and give a fuck about whattomine

[dsmn]

Can you tell me when are you going to ROI?? in 2 years time?? also 1200mh/s with only 4800W. That makes no sense for me. even the lowest mining consumption for 1060 (i have 2 of them) and RX 580 (have 10 of them) are around 110-125. 1060 are not doing 30mh , just 22 to 25 at best. and 1070 just around 33mh the best ones. normal is around 30. if you have 40 gpus (muy guess is you have more than that, like 46 or something like that ), you should be using around 5000W at least. not 4800W. Are you sure of your numbers??

Do me those maths please. it will be interesting.

my 6 gpu RX 580 doing 189.9mh is using 920W from the wall with platinum PSU.
the other rig, mixed with 2 1060 and 4 rx 580 is doing 168,5mh and uses about 850w from the wall.

My rigs are tunned to the max. i spent 1 month trying to go to the lowest stable vcore posible at 1240 core for every single gpu. That's why i have gpus doing 31, 32 and even 32,8mh/s (for my surprise, it's a cheap MSI rx 580 Armor 8gb).

ETH gives profit, but are you ok with winning a month , like me, 140$ ?? i don't think that's worth doing nowadays.

Im running a super optimized setup with modified kernel modules and such, and only 12 gpu per rig, and its cold here in north sweden so i can do some insane clocks on my memory, your count is spot on got 48 gpu's, the nvidia cards are doing the best, got my 1060's running at arround 70W limit with nvidia smi and doing 23 MH/s, 1070 104W with nvidia smi and running 31 MH/s, RX570 818mv 63W on the gpu part i think limited with ohgodatool, amd power limiting is a bit strange, running 29 MH/s.

The total number is measured with power meter at the wall and added up for my 4 rigs

About roi time on this kind of setup, no idea, bought half of the gpu's in spring 2017, my mistake was buying 24 more later in the fall, and not selling all my ether in the winter, so in the grand total ive just barely broken even now on those 4 rigs, with the 2 first carrying it all.

I WOULD NOT SUGGEST ANYONE TO BUY GPU'S FOR MINING RIGHT NOW YOU NEVER GET ROI, LET ME JUST CLEAR THAT !!!!!

"my 6 gpu RX 580 doing 189.9mh is using 920W from the wall with platinum PSU."

Thats bad numbers man, my 12x RX570 rig does 348 MH/s at 1450W.

1060 are the most efficient cards you can get.

[Bitside.co]

Didn't realize ya'll were mining US Dollars and Fiat......

[shield132]

i wouldn´t suggest to invest in new hardware either, roi might be never reached, but who nows...tomorrow odds can be different
if you have your hardware paid off, you can still be profitable after electricity...i´m even mining profitable with 0,20€/kwh
just do some research and give a fuck about whattomine

Can't agree. If you were regularly checkinf whattomine or nicehash this winter, you may would see that profit with gtx1080ti was insane. It could roi in one month and half but now can't say the same. So still worths to invest in latest hardwares, more risk = possibly more profit or huge loss. I prefer this one + at least you can sell them if anything doesn't happen.

[Orielres]

What I'm most afraid of.... the summer is comming

I have reduced the voltage and make them more efficient. So less heat.

[lunobird]

I've already changed my mindset.  my mining rigs are unprofitable but they are paid off.  I still mine to make sure Im paying for my coin with electric instead.  Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits.  This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.

So ya this will be a pure test of who capitulates and gives up.  I expect profits to actually get worst till end of year.   I'll run you guys down to the  ground into negative earnings  and i'll enjoy you giving up and capitulate.  I get a high off of this!!!

  I have nvidia 1070ti/1080/1080ti rigs.

[jmigdlc99]

I've already changed my mindset.  my mining rigs are unprofitable but they are paid off.  I still mine to make sure Im paying for my coin with electric instead.  Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits.  This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.

So ya this will be a pure test of who capitulates and gives up.  I expect profits to actually get worst till end of year.   I'll run you guys down to the  ground into negative earnings  and i'll enjoy you giving up and capitulate.  I get a high off of this!!!

I have nvidia 1070ti/1080/1080ti rigs.

Sadly, it may be you who gets run down to the ground first.

You are running at $0.26 cents average electric cost. Sorry to burst your bubble but much smarter people who also know how to optimize mining rigs are also mining at locations where electric costs are much lower. Hope you can shed some light on your plan and share it with us regular people.

[gameboy366]

I've already changed my mindset.  my mining rigs are unprofitable but they are paid off.  I still mine to make sure Im paying for my coin with electric instead.  Electric cost exactly the same amount I mine so I make zero profits . I do this to avg cost my buy in. I will even mine at slightly negative profits.  This is the best I can expect and Im doing this with titanium power supplys with 240 volt and a 26 cent avg electric cost.

So ya this will be a pure test of who capitulates and gives up.  I expect profits to actually get worst till end of year.   I'll run you guys down to the  ground into negative earnings  and i'll enjoy you giving up and capitulate.  I get a high off of this!!!

I have nvidia 1070ti/1080/1080ti rigs.

Sadly, it may be you who gets run down to the ground first.

You are running at $0.26 cents average electric cost. Sorry to burst your bubble but much smarter people who also know how to optimize mining rigs are also mining at locations where electric costs are much lower. Hope you can shed some light on your plan and share it with us regular people.

Lol. True.

[un4given]

not turning off my rigs 

Unlimited normal household power consumption

monthly rate

30 m²      22,90 €
31-50 m²      26,90 €
51-70 m²      30,90 €
71-90 m²      34,90 €
91-120 m²   38,90 €
121-150 m² 42,90 €

you are the lucky one. normally EU citizens pay between 0,05 - 0,30 euro cent per kWh
i am still making profit with 0,15 cent per kWh as a private person and 0,10 cent per kWh as a business

[Piskeante]

today, another crash for ETH.

my Electricity bill for two months for the hole house has been 360$ which is a lot.

I've obtained 0.81 ish ETH on May, i around 0,76ish on June. This reduction has to do with the enormous increase in difficulty , due to ASIC mofos.

The profit today, electricity cost included, will be about 83$ per month.

More over, it's to consider one thing.

ETH can go PoS at any moment. The value of ETH is because in can be traded. If it's value would be related to technology, it would not change almost at all. So, if PoS disables ETH to be traded, buy , sell or mined, is the value going to go up or down??

Which event can give more value to ETH. Being in a market? or being centralized with the only value of the smart contracts signed with this blockchain. Take a guess.

As soon as PoS comes to ETH, make sure you´ve sold everything.

[treanski]

its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange

[Piskeante]

its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange

if that was the case , can you explain to me why the network hashrate for XMR and ZEC are below 1Gh/s , while ETH is around 250.000GH???

So, everybody mining ETH is stupid, because its more profitable to mine Cryptonight and exchange??

sorry, i don't believe you. Why? Because for my cards, (RX 580) are not so good in that algorith, and the power consumption makes almost no difference. All my cards are doing 30+ mh/s of ETH algo and all are working between 850 and 875mv which is an astonishing number for this cards.

[swogerino]

The only people shutting down their mining operations are only those who don't believe in bitcoin and other cryptos. These type of persons are in only for the money and are not a value to the bitcoin community. I compare these people like flies who only want to suck blood.

If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.

[lunobird]

The only people shutting down their mining operations are only those who don't believe in bitcoin and other cryptos. These type of persons are in only for the money and are not a value to the bitcoin community. I compare these people like flies who only want to suck blood.

If you truly believed in bitcoin and other cryptos in general , you would be like me, mining even at a loss and waiting for when the price of bitcoin and other cryptos will rise. It is not relevant where you live and what electricity pays if you believe in bitcoin and other cryptos.

Mining at a lost only works if difficulty goes down and you can mine more coins even at slight loss,  However we got the opposite issue this time in this bear trend, Difficulty keeps rising up, profits down, losing money.  Why give out free money? 

[smoolae]

I still see people buying together many expensive multi-GPU rigs for mining. I myself sold my rig in April, the profit wasn't worth it anymore with all the heat/noise produced. VEGA cards are going really nicely for miners, maybe some of them know things we don't

[treanski]

its much more efficient to mine cryptonight coins & exchange to eth(if you want eth ofc), you will get more eth that way with lower electricity bills.
if you are to lazy to do it by yourself, you can mine on mining poolhub and autoexchange

if that was the case , can you explain to me why the network hashrate for XMR and ZEC are below 1Gh/s , while ETH is around 250.000GH???

So, everybody mining ETH is stupid, because its more profitable to mine Cryptonight and exchange??

sorry, i don't believe you. Why? Because for my cards, (RX 580) are not so good in that algorith, and the power consumption makes almost no difference. All my cards are doing 30+ mh/s of ETH algo and all are working between 850 and 875mv which is an astonishing number for this cards.

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

[evlo]

I mine eth directly, it is more profitable then XMR, i also mined XMR on part of my farm, not anymore, I did not sell eth for about half a year while mining and paying electricity.

Shit happens.

I honestly don't know how you manage not to be profitable with current difficulty and eth cost (again, i'm mining eth not usd anyway).