GPU Mining Historical Charts in USD/Day

[adaseb]

Lately there is a lot of complaining about the mining profits. These charts are to show what the mining profitability was over time for Equihash and Dagger.

Looking at Daggerhash (ETH)

https://bitinfocharts.com/comparison/ethereum-mining_profitability.html

We have been at this profitability before last Sept/Oct 2017. Probably why many of us got excellent deals on GPUs last Black Friday. So if trends are to repeat we should see decent GPU deals in a month or two.

Currently the mining profitability for ETH is still higher than it was in Oct 2015 and Dec 2016 and Sept 2017.

Looking at Equihash

https://bitinfocharts.com/comparison/zcash-mining_profitability.html

This algo is a different story. Most likely due to the huge hashrate inequalities between the Nvidia and AMD GPUs. Daggerhash is more fair against all types of GPUs. Not the case with Equihash which has speeds of 300Hs for the RX 580 while the 1080Ti can reach almost 700Hs.

Currently we are at record lows ever ($3 per Khs). The second record low was set last February 2017 at $3.50 per Khs.

Looking at Cryptonight (Monero)

https://bitinfocharts.com/comparison/monero-mining_profitability.html

Again this one was a given. We are at record low profits. Reason being the ASIC and unfair advantages of some GPUs like the Vega. The last time it was this unprofitable was Aug 2016.

[Metroid]

Currently the mining profitability for ETH is still higher than it was in Oct 2015 and Dec 2016 and Sept 2017.

I disagree with that cause, gpu prices, example --> rx 480 used to be $200 and now rx 580 $450.

The thing is, you see as usd only regardless of gpu price and I see gpus price to how much usd you are getting.

[adaseb]

Currently the mining profitability for ETH is still higher than it was in Oct 2015 and Dec 2016 and Sept 2017.

I disagree with that cause, gpu prices, example --> rx 480 used to be $200 and now rx 580 $450.

This isn't being taken into account for simplicity.

Taxes, Software mining fees, Hardware costs, Power costs are not taken into account.

If you were to take this into account then most likely it was easier mining in Oct 2015 since back then You could of bought a second hand Radeon 7950/7970/280x for $100 since nobody mined back then.

However this is too difficult to plot.

[m.vina]

Hopefully this also translates into meaning that we are soon due for an upward spike in mining profitability. The problem is that so many people have gotten into mining tho that i'm pretty sure the spike won't last long once they start dumping the ethereum/coins they have mined.

[Metroid]

Hopefully this also translates into meaning that we are soon due for an upward spike in mining profitability. The problem is that so many people have gotten into mining tho that i'm pretty sure the spike won't last long once they start dumping the ethereum/coins they have mined.

Too many people mining is a good thing as long is a fair competition which is hardly the case in times like this, everybody wants a piece of you --> raw material company, manufacturer, shipping company, distributor, seller, reseller, government and lot more things, all want a piece of you. Hard to be profitable nowadays after everything is taken from you.

And after all that, if they start figuring out what they are doing is for bitcoin miners which was $17k each, they will start thinking what they do is a bargain, so they raised it all. What you see today is a unfair market for miners, very different than it was 2 years ago.

Soon will be increased taxes for miners, govs think miners are earning money too easy and doing nothing, the truth is the system wants to steal something from you as always. The system never lets you to fly away to other heights, always holding you back. And in turn if you become successful then it means it was not legal cause you did not pay enough taxes or did something to cover up something.

The system in most countries is abominable.

[mbdmbn]

Hopefully this also translates into meaning that we are soon due for an upward spike in mining profitability. The problem is that so many people have gotten into mining tho that i'm pretty sure the spike won't last long once they start dumping the ethereum/coins they have mined.

Too many people mining is a good thing as long is a fair competition which is hardly the case in times like this, everybody wants a piece of you --> raw material company, manufacturer, shipping company, distributor, seller, reseller, government and lot more things, all want a piece of you. Hard to be profitable nowadays after everything is taken from you.

And after all that, if they start figuring out what they are doing is for bitcoin miners which was $17k each, they will start thinking what they do is a bargain, so they raised it all. What you see today is a unfair market for miners, very different than it was 2 years ago.

Soon will be increased taxes for miners, govs think miners are earning money too easy and doing nothing, the truth is the system wants to steal something from you as always. The system never lets you to fly away to other heights, always holding you back. And in turn if you become successful then it means it was not legal cause you did not pay enough taxes or did something to cover up something.

The system in most countries is abominable.

[practicaltexan]

I agree for those who are mining at a larger level (i.e. all those mining in washington) who are taking the local electrical authority beyond its capacity because of the cheap electricity which is a byproduct of companies taking over what was supposed to be a de-centralized activity.

1 word.  Greed.  We all have some sense of it.   For those who were in for a long time, maybe not....but when the buzz words are "moon" "lambo" etc.  makes you wonder. 

I think a lot of money flowed in and out kind of like a Tsunami wave from December to January. 

It was flowing in from the ocean rising the tide (i.e. bitcoin)  and then hit a critical mass (December) and flowed over the banks into (altcoins) and then receded back into the ocean.   I don't believe there will be another tsunami like that for a while.  I'm just paying off my miners with 75% of profits and 25% is holding.  It'll be a while, might as well hold some.

[adaseb]

Going to follow up on a weekly update. Basically

Brand new profitability low for ETH, thanks to new ATH difficulty and yearly low on price. Last time ETH was this unprofitable was in Dec 2016

Brand new profitability low for ZEC. Thanks to higher difficulty and lower prices. High end Nvidias are really hurting due to this algo. ZEC was never this unprofitable ever.

Monero profitability seems constant this week.

[Metroid]

It's amazing how low the main altcoins have become in few weeks, this is unbelievable. I myself would not believe if I have not seen it and that is all because investors think when eth, equihash asics hit the market, they can buy a lot cheaper than is right now.  Investors are doing a mistake, I dont think eth price or profitability will crash any further. It is just too low.

[adaseb]

Weekly update

ETH

Looks like the profitability has improved slightly since the dip last week. Currently we are back at the mid March profitability levels. So we are making 30% more profit this week compared to the last

ZEC

Similar story here. Basically since ZEC didn't move up as much as ETH it's only 20% more profitable than last week. The Nvidia people will be happy.

XMR

Biggest difference is XMR basically half the difficulty has disappeared and we are at +60% more profitability compared to last week. The VEGA owners must be really happy.

[Metroid]

I see difficult increasing a lot only on July at all levels and from now till July profitability will increase a lot and July - August time-frame profitability will dip a bit and coin prices will be 3 times they are today average. So like I always say, only holders will win in the end, if you mine and sell then you are doing it wrong.

[Tidsdilatation]

I really expected the Monero profitability to rise alot more. I tought bitmain had 1000+ miners running CryptoNight on Monero, and the amount of botnets that used to old algo would also be high. But i guess i was wrong, 60% is not nearly what i expected!

[Metroid]

I really expected the Monero profitability to rise alot more. I tought bitmain had 1000+ miners running CryptoNight on Monero, and the amount of botnets that used to old algo would also be high. But i guess i was wrong, 60% is not nearly what i expected!

So anyone want to predict what the Monero diffulty goes to on the 6th ?

current diff is  - 116,825,734,095
total hashrate  -957.59 Mh/s give or take?

Personally I predict at 30% inital drop , before GPU miners switch back over from other coins

so difficult goes to 81,778,013,866.5
hash rate to 600  mh/s

I didn't post my prediction in time but would have probably guessed a drop around 20-30%.
It seems the network hash rate right now is about 472.71 MH/sec. So, that's almost a 50% decrease in hash rate!

I assume by now everyone with a GPU mining rig has updated to a v7 monero miner and only the ASICs were excluded from the network hash rate.

That would mean there were either:

• 2,148 Bitmain Antminer X3 (220 kh/s) units online
• 23,635 Baikal Giant N (20 kh/s) units online

or a mix of the two (and maybe others developed in secret)

That's plain stupid... I pity the dumb fools that preordered these ASICs and they can use them as door stoppers from now on.

Bitmain could have done a 51% attack with their asics, by the way your calculations are wrong, before when asics were in play, no gpus were mining monero because profitability was very very low, only botnets and cpus were mining monero because that is the only thing they had/have to mine, so those users had no choice. GPU's moved to monero after profitability increased. So the correct calculations might have been around 90% were asics and 10% botnets and cpu users.

[vlad230]

Yes, that's true. Everybody here is expecting a ROI in less than 3 months...

Another thing is that usually, most people do not research enough before they start buying stuff, especially when GPUs are extremely expensive. If they would have looked into the trends and profitability beforehand, that would have helped a lot.

I see that a lot of people are posting the GPUs they bought in October-November for sale because they're not profitable "anymore". The truth is they are still profitable but the ROI isn't as fast as they expect it to be.

[timbereagle]

I think mining ROI about 9 Months is good.

3-4 Months roi is very hard, if you are not very lucky

However I would not buy new mining gear if Roi is over 12 Months.

I bought 2 times high quantity of GPUS.

1st in Jan-Feb 2017 - Sold them in June 2017.
2nd in July-Aug 2017- Sold them in December 2017.

[adaseb]

Been a while and time to provide an update.

Basically its an endless bear markets and lots of panic in the markets especially with miners since there are ASICs on board.

Looking at ETH mining profitability we are still above the April lows and we are still making 30% more today than in April when ETH reached $375 per coin. However with the difficulty constantly increasing, it doesn't bode well for the future.

Monero profitabilty is still very good thanks to that fork which eliminated all those ASICs and botnets. We are basically making double today than the low in April. This is good news for the AMD Vega holders and the older GPUs like the Tahiti and Pitcairn which require very little power. However not including electricity costs an R9 280X is only pulling in about $0.50 per day. Pretty much half of what an RX 570 can earn.

ZEC or other Equihash coins profitability is down the drain thanks to the ASICs in the market. Basically mining ZEC right now is unprofitable for most GPUs. The Nvidia people are probably suffering the most as a result to this. Hopefully we will see some algo change forks to make these coins profitable again in the near future.

[adaseb]

Ok its time for an update again, its been over a month and lots have changed.

Basically things not looking good for DaggerHashimoto (ETH) basically we hit the lowest daily profitability since April. This is largely due to the low price and the huge difficulty jump. Those with RX gpus hopefully ROI'd by now. Because pretty soon we will hit the lowest profitability ever for ETH even lower than Oct 2015.

Thanks for all the ASICs, the Equihash is the lowest profitability ever for ZCASH. Never has profitability been this low before.

Monero profitability is looking also bad, however not as bad as back in April. However with all the GPUs switching and the difficulty rising looks like we will hit all time low profitability levels soon for XMR.

Basically its like Capitulation for GPU miners.

[Metroid]

Ok its time for an update again, its been over a month and lots have changed.

Basically things not looking good for DaggerHashimoto (ETH) basically we hit the lowest daily profitability since April. This is largely due to the low price and the huge difficulty jump. Those with RX gpus hopefully ROI'd by now. Because pretty soon we will hit the lowest profitability ever for ETH even lower than Oct 2015.

Thanks for all the ASICs, the Equihash is the lowest profitability ever for ZCASH. Never has profitability been this low before.

Monero profitability is looking also bad, however not as bad as back in April. However with all the GPUs switching and the difficulty rising looks like we will hit all time low profitability levels soon for XMR.

Basically its like Capitulation for GPU miners.

Concise report, hopefully these historical charts will help trolls who are not in denial to understand what is going on, gpu mining is close to be the lowest since 2014. Since that time, it has never been so bad like it is now and as pos draws closer, anybody investing in gpus are about to be burnt alive unless altcoin prices jumps few times.

[philipma1957]

All my remaining gpus  are paid for.

I have 12x 1080ti's  mostly pointed at BTG

the 8 1080tx earn about .4 btg a day  or 10-11 usd

my power cost is  1.80 a day so I net around 9 dollars on these 8 cards  maybe 8 a day

or 240 a month

and BTG is vulnerable to a new asic attack if a new asic is built.

[lunobird]

All my remaining gpus  are paid for.

I have 12x 1080ti's  mostly pointed at BTG

the 8 1080tx earn about .4 btg a day  or 10-11 usd

my power cost is  1.80 a day so I net around 9 dollars on these 8 cards  maybe 8 a day

or 240 a month

and BTG is vulnerable to a new asic attack if a new asic is built.

Btg new algo is memory intensive. Will be very costly at the moment to build an asic for btg. It's similar to eth algo in hardware requirements