I shut it down tonight boys.

[Bulitt]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

[1715504859]

1715504859

[1715504859]

1715504859

[1715504859]

1715504859

[1715504859]

1715504859

[1715504859]

1715504859

[dongamk]

I think Ethereum Classic is profitable.
One thing you can do is that buy antiminer f3 for ethereum and fill you bags with ethereum.

[shibob]

I still keep mining even my electric is more expensive than yours, it's about 0.075-0.08$/kwh here. Even the ETH price is going lower, I would like to use my self budget to pay electric bill. It's a bit like gambling but I really believe in the future of ETH. Actually some of my friends still keep going with mining, they involved with mining and crypto already more than 3 years, and the interesting is they said that they ever mined BTC without any profit during the last doom day. And of course, they're rich now.

[chandrarahmadewa]

hello my friend
I was lucky. I'm still mining ETC coins. I bought 7$ electricity to get 85 kWh, so every day I get 13$. I hope in April coin back to normal price.
  https://i.imgur.com/qNujnnV.jpg

[adaseb]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Trying to figure out which ancient GPUs you must be mining with not to make a profit with 0.06 kWh power.

Are you using the old Radeon 6990 to mine?

[treanski]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

[Geraldo]

one free advice then coins on whattomine are not profitable ..

Super agree with you, buddy.

When most miner using Whattomine as a reference, and they mine the best three (above), mean that the best three would be the best three from below.
Remember guys, Coins with a lot of miners equal to coins with high Hashrate and also would increase difficulty, means this coin would be an Unprofitable coin.

[Xazax310]

Shhhhh DONT TELL THEM THE SECRET 

[joboy84]

Yes they are profitable coins.

Just take a look here : https://coinmarketcap.com/gainers-losers/

But most times they are only profitable for a few days.

The best is to mine coins before they are listed. But this needs some research of course.

[nc50lc]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

[Geraldo]

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.

Damn, I forgot to open OP's youtube link. So those video telling you something?

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

No no no, The secret is, keep to produce a lot of profit with that secret. 

[daboehla]

If you guys are looking for a good ETC Pool, try mine www.EthTeam.com
Its PPS, means you get paid for every share

[Swinging Phallus]

Eh. I'm paying .10 and I'm pretty unphased from the market volatility. I'm looking more towards long term goals though. Things change, in the end you never know what that 0.1 of coin/tokens might be in 2-3 years

[Palmerson]

I think Ethereum Classic is profitable.
One thing you can do is that buy antiminer f3 for ethereum and fill you bags with ethereum.

F3 does not exist. These are just the ideas of the beatmaps that may not materialize. I think Vitalik is smart enough to protect ETH from asics. Indeed now lost relevance mining but it only reinforces my confidence that mining should be only with the help of GPU. This makes it possible to distribute power not only among a large number of people but also in different countries of the world. This makes the coins more stable in such situations.

[Bulitt]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Trying to figure out which ancient GPUs you must be mining with not to make a profit with 0.06 kWh power.

Are you using the old Radeon 6990 to mine?

Hah you're pretty close. I have zero initial investment because precisely that fact, its made with my old gaming cards. HD 6950 1GB and R9 270X 2GB. The R9 270X alone is also not profitable.

[nsummy]

I hope you also got drunk and punched your mirror:  https://www.youtube.com/watch?v=ntPHFVWDIqM

[lunobird]

We had a good run folks,  Fun while it lasted,  Looks like we all gota get back on focus with our normal grind day jobs.

[Keelhaul]

I pay $0.05 per kW and it costs me 20% from what I earn off mining. Just like it was a year ago before the april ethreum pump.

[Lieldoryn]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

Profitability ETH mining on my GPU RX580 is now about $ 0.8 excluding the price of electricity. It is very small. At this level of profitability, I do not expect the emergence of new miners. Now you need to sell your GPU because the prices for them will also decrease as the price of cryptocurrencies. Soon gamers will have a holiday.

[beskid]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Now you have an opportunity to rest morally! This is not the end of mining, but just a respite. I will continue to mine even with zero profit, since I believe that the crypto currency at the bottom is temporarily!

[cryptovigi]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Now you have an opportunity to rest morally! This is not the end of mining, but just a respite. I will continue to mine even with zero profit, since I believe that the crypto currency at the bottom is temporarily!

agree!

[Max Likelihood]

We all feel the pain right now, can't blame OP for turning the rig off. OTH, I do think crypto's taken a battering from all directions of society almost unprecedented for new tech, and we're approaching the bottom. So, still mining for the future too.

[Futnuck]

'Pulls up belt strap and tips cowboy hat'
Yep fellers, i guess it's time to shut em down 😉😉😉

[jmigdlc99]

Have you tried selling your GPUs? Whats the market like, did anyone even seem interested in your GPUs?

Too bad you had to shutdown. You ca't rely on whattomine.com to give you a list of profitable coins. Some people are still One simple tip is for you to check out other calculators out there.

[nunyabeezwax]

Thatz right "boyz" he shut his crap down!  More coins for us! Muahahahahaha.  #retard

The best time to mine is when every clown such as the OP here is shutting their shit off because these are the non-intelligent ones of the species showing their true colors not knowing how mining actually works.  It doesnt take a genius to figure out that crypto is squeezing out the weak minds.  "Another one bites the dust" is the more appropriate song here:  https://www.youtube.com/watch?v=WsYUruhJ0eo (Deadpool remix for the extra LoLz,  there is blood in the streets "boys",  its go time )

So to all you miners out there,  SHUT YOUR CRAP OFF PLEASE!!  I NEED DA COINAGES! lol.

[wheelz1200]

Thatz right "boyz" he shut his crap down!  More coins for us! Muahahahahaha.  #retard

The best time to mine is when every clown such as the OP here is shutting their shit off because these are the non-intelligent ones of the species showing their true colors not knowing how mining actually works.  It doesnt take a genius to figure out that crypto is squeezing out the weak minds.  "Another one bites the dust" is the more appropriate song here:  https://www.youtube.com/watch?v=WsYUruhJ0eo (Deadpool remix for the extra LoLz,  there is blood in the streets "boys",  its go time )

So to all you miners out there,  SHUT YOUR CRAP OFF PLEASE!!  I NEED DA COINAGES! lol.

A little harsh, there are times when it makes sense to shut down your miners, although i agree with most here, there is plenty of profit to be had but in the tighter times you have to be more proactive and read tons to stay on top of your game.  But if the op is losing money than its not a bad idea to shut down...

[nsummy]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

Profitability ETH mining on my GPU RX580 is now about $ 0.8 excluding the price of electricity. It is very small. At this level of profitability, I do not expect the emergence of new miners. Now you need to sell your GPU because the prices for them will also decrease as the price of cryptocurrencies. Soon gamers will have a holiday.

Your $200 budget card built with technology from 2016 is only making 80 cents a day.  This shouldn't be surprising.  The 4XX and 5XX cards were an amazing deal a year ago, but they are a one trick pony.  Pretty worthless if you want to mine anything besides ETH.  You get what you pay for.

[qwertyking]

my electricity price is at $0.12 per kWh try to find some profitable altcoin on the announcement thread, try altcoins using neoscrypt or equihash

[Bigpiggy01]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Trying to figure out which ancient GPUs you must be mining with not to make a profit with 0.06 kWh power.

Are you using the old Radeon 6990 to mine?

Hah you're pretty close. I have zero initial investment because precisely that fact, its made with my old gaming cards. HD 6950 1GB and R9 270X 2GB. The R9 270X alone is also not profitable.

I have a couple of old 6990 rigs that are even worse power hogs and they still make a bit on cryptonight. Cryptunit has a nice thread and sute on the more obscure cryptonight coins. His realtime profitability data is excellent compared with whattomine.

[crocozino]

i feel sorry man, but that the way it is
I hope you have real job in order to compensate the loss of profits from mining.
cause  know some people who decided they do not need job, and start to do the mining thing only, now they feel sorry about their decisions .

[bobo012]

As people have said, your electricity price is low enough to make profit in mining right now. I pay more than double your price and am profitable. If prices fall further it wont be profitable. I have new rx580 8gb series cards...

[LightNestling]

This is the time when we invest on electric consumption, as we know selling mined coins won't give us any profit because of the current price right now. Once the bullish run starts, I'm sure we will be getting the profit from our mined coins.

[varusisog]

i feel sorry man, but that the way it is
I hope you have real job in order to compensate the loss of profits from mining.
cause  know some people who decided they do not need job, and start to do the mining thing only, now they feel sorry about their decisions .

I think if he undervolt and underclock, it might be more profitable. But it might not worth the effort.

[MiningBattalion]

i feel sorry man, but that the way it is
I hope you have real job in order to compensate the loss of profits from mining.
cause  know some people who decided they do not need job, and start to do the mining thing only, now they feel sorry about their decisions .

I think if he undervolt and underclock, it might be more profitable. But it might not worth the effort.

Now the electric consumption of mining is very high.The mining transaction fee also reduced,So we will get less amount of coins.Now Mining is not more profitable one.Instead you can do bitcoin trading to get more profit.

[PanneKopp]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

that is reasonable

[Mahanton]

Thatz right "boyz" he shut his crap down!  More coins for us! Muahahahahaha.  #retard

The best time to mine is when every clown such as the OP here is shutting their shit off because these are the non-intelligent ones of the species showing their true colors not knowing how mining actually works.  It doesnt take a genius to figure out that crypto is squeezing out the weak minds.  "Another one bites the dust" is the more appropriate song here:  https://www.youtube.com/watch?v=WsYUruhJ0eo (Deadpool remix for the extra LoLz,  there is blood in the streets "boys",  its go time )

So to all you miners out there,  SHUT YOUR CRAP OFF PLEASE!!  I NEED DA COINAGES! lol.

A little harsh, there are times when it makes sense to shut down your miners, although i agree with most here, there is plenty of profit to be had but in the tighter times you have to be more proactive and read tons to stay on top of your game.  But if the op is losing money than its not a bad idea to shut down...

This is indeed harsh which its somehow bullying for those people who do failed up into its mining career.We do all know that we dont have similarities when it comes to knowledge into these specific things specially on mining.It their rig after all and if he find out that hes already not profitable then he do have the full control or full decision next to make.If he shut it down its his own choice.Period.

[cryptovigi]

I have a couple of old 6990 rigs that are even worse power hogs and they still make a bit on cryptonight. Cryptunit has a nice thread and sute on the more obscure cryptonight coins. His realtime profitability data is excellent compared with whattomine.

your gpu's are profitable with cryptonight which coin? I've though that we have already ASICS era on cryptonight and GPU's time is over on this algo....

[WixlarCoin]

ok

[Oakey22]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

[LearningGuy]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Yup- great model

[Ultegra134]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Mining was over-hyped, you could actually notice it on here too, there wouldn't be a single day without a newbie asking on how to get started on mining. Too many people joined the game the last few months which resulted into a difficulty increase, in conjunction with the current low price levels was enough to make mining borderline profitable for some.

However, with the increasing number of people shutting down their rigs and avoiding joining the mining game, it wouldn't be surprising if profitability slowly recovers the next few months.

[dimpsk]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Mining was over-hyped, you could actually notice it on here too, there wouldn't be a single day without a newbie asking on how to get started on mining. Too many people joined the game the last few months which resulted into a difficulty increase, in conjunction with the current low price levels was enough to make mining borderline profitable for some.

However, with the increasing number of people shutting down their rigs and avoiding joining the mining game, it wouldn't be surprising if profitability slowly recovers the next few months.

May  be, but  you should take  into consideration that many people just can't count. They are crying about ROI less then 1 year, even  6 monthes I heard. And they still buing new GPU and farms. So it probable takes more time

[Athavan]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

[The Demon Slick]

OP was barely mining anyways with old cards, but that's not the point. Bullit, you need to target specific coins that you research and believe in. Mostly you will fail. However, there is an opportunity for you to win big on one or two of the ones you pick. With not much hash power, and without investing further, this is your best chance to profit greatly. Think of those coins like lottery tickets, most will lose. With your low electricity costs and outdated equipment your daily cost is negligible anyways, you're obviously not counting on the income.
May you win bigly!   

[Bulitt]

I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.

[flong]

I imagine this is a common sentiment (which I think generally bodes well for the rest of us that are in it to win it).  It's not just about what's profitable today but what you think has longevity in the future as some have said.

[Ayuluv2001]

one free advice then coins on whattomine are not profitable ..

Super agree with you, buddy.

When most miner using Whattomine as a reference, and they mine the best three (above), mean that the best three would be the best three from below.
Remember guys, Coins with a lot of miners equal to coins with high Hashrate and also would increase difficulty, means this coin would be an Unprofitable coin.

bingo! I thought i am one of the few to do the reverse way! Way to go buddy!

Yes i dont do the top few... usually bottom or mid etc

have to test it yourself

[Exvo]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Unfortunately that's what everyone else has said. Too many 'new' miners buying whatever they can pushing up difficulty but no price increase or super small profits. Who knows where it will go from here!

[dimpsk]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Yup- great model

Agree.  Deposits earning  are about zero now, shares are overpriced too. So folk searches for another  way. FED, ECB and other such guyes are course af all  this.

[dimpsk]

I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.

Good strategy , thanks

[dimpsk]

one free advice then coins on whattomine are not profitable ..

Super agree with you, buddy.

When most miner using Whattomine as a reference, and they mine the best three (above), mean that the best three would be the best three from below.
Remember guys, Coins with a lot of miners equal to coins with high Hashrate and also would increase difficulty, means this coin would be an Unprofitable coin.

bingo! I thought i am one of the few to do the reverse way! Way to go buddy!

Yes i dont do the top few... usually bottom or mid etc

have to test it yourself

Ya a bit wrong here folk.  Just try to mine other  coins from whattomine, up to the bottom. And you will see - really the perfomance coins from the top  is the top.
Kind a surprise

[Ayuluv2001]

one free advice then coins on whattomine are not profitable ..

Super agree with you, buddy.

When most miner using Whattomine as a reference, and they mine the best three (above), mean that the best three would be the best three from below.
Remember guys, Coins with a lot of miners equal to coins with high Hashrate and also would increase difficulty, means this coin would be an Unprofitable coin.

bingo! I thought i am one of the few to do the reverse way! Way to go buddy!

Yes i dont do the top few... usually bottom or mid etc

have to test it yourself

Ya a bit wrong here folk.  Just try to mine other  coins from whattomine, up to the bottom. And you will see - really the perfomance coins from the top  is the top.
Kind a surprise

Thanks mate.. can i say you are saying to mine the coins that are not included in "whattomine"?

[dimpsk]

one free advice then coins on whattomine are not profitable ..

Super agree with you, buddy.

When most miner using Whattomine as a reference, and they mine the best three (above), mean that the best three would be the best three from below.
Remember guys, Coins with a lot of miners equal to coins with high Hashrate and also would increase difficulty, means this coin would be an Unprofitable coin.

bingo! I thought i am one of the few to do the reverse way! Way to go buddy!

Yes i dont do the top few... usually bottom or mid etc

have to test it yourself

Ya a bit wrong here folk.  Just try to mine other  coins from whattomine, up to the bottom. And you will see - really the perfomance coins from the top  is the top.
Kind a surprise

Thanks mate.. can i say you are saying to mine the coins that are not included in "whattomine"?

There some shitcoins not included  to whattomine with a good perfomance, yep. But this is a temporary perfomance for days, even hours and a huge problems with pools,  miners, and exchanging as usual. It's not the  common way.

[Raimy]

I think Ethereum Classic is profitable.
One thing you can do is that buy antiminer f3 for ethereum and fill you bags with ethereum.

Even if the F3 goes on sale it will most likely be for around $3500 keeping with past Bitmain launches. You would be better off just picking up another 10 Ethereum at these prices and holding on to them than hoping your ASIC ever pays itself off.

[Za1n]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Mining was over-hyped, you could actually notice it on here too, there wouldn't be a single day without a newbie asking on how to get started on mining. Too many people joined the game the last few months which resulted into a difficulty increase, in conjunction with the current low price levels was enough to make mining borderline profitable for some.

However, with the increasing number of people shutting down their rigs and avoiding joining the mining game, it wouldn't be surprising if profitability slowly recovers the next few months.

May  be, but  you should take  into consideration that many people just can't count. They are crying about ROI less then 1 year, even  6 monthes I heard. And they still buing new GPU and farms. So it probable takes more time

This. I still see plenty of new posts of people who have just bought or want to buy a new mining rig. It will take a lot longer than a few weeks to shake off a significant amount of hashrate to make things noticeable. Too many people believe a rebound is right around the corner to give up just yet.

I predict miners will need at least 6 months of no profits before we start seeing any meaningful hashrate drop, and even that will depend on how efficient the F3 turns out. If the F3 is very efficient, difficulty will never recover and GPU miners will be toast as no other coin(s) will be able to adsorb all the hashrate and remain profitable.

[Bigpiggy01]

I predict miners will need at least 6 months of no profits before we start seeing any meaningful hashrate drop, and even that will depend on how efficient the F3 turns out. If the F3 is very efficient, difficulty will never recover and GPU miners will be toast as no other coin(s) will be able to adsorb all the hashrate and remain profitable.

The F3 could easily drive people out of ETH and into EOS or other similar coins. The Eth devs need to start forking as participation is what really drives adoption. Centralized shit is just that, shit. It has gone that way everywhere it's been tried (I'm not just talking crypto).

[dimpsk]

You just have to do what you have to do. Unfortunately profits are at an insane low level. Too many noobs came in the mining place along with all the big money just buying up everything who can sit and ROI ovrr 2 years as it's still better gains for them than banks.

Mining was over-hyped, you could actually notice it on here too, there wouldn't be a single day without a newbie asking on how to get started on mining. Too many people joined the game the last few months which resulted into a difficulty increase, in conjunction with the current low price levels was enough to make mining borderline profitable for some.

However, with the increasing number of people shutting down their rigs and avoiding joining the mining game, it wouldn't be surprising if profitability slowly recovers the next few months.

May  be, but  you should take  into consideration that many people just can't count. They are crying about ROI less then 1 year, even  6 monthes I heard. And they still buing new GPU and farms. So it probable takes more time

This. I still see plenty of new posts of people who have just bought or want to buy a new mining rig. It will take a lot longer than a few weeks to shake off a significant amount of hashrate to make things noticeable. Too many people believe a rebound is right around the corner to give up just yet.

I predict miners will need at least 6 months of no profits before we start seeing any meaningful hashrate drop, and even that will depend on how efficient the F3 turns out. If the F3 is very efficient, difficulty will never recover and GPU miners will be toast as no other coin(s) will be able to adsorb all the hashrate and remain profitable.

Totally agree. At least 6 monthes of bear market is a good estimation.

[LSteve]

Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.

Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t  feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.

[Sledge0001]

Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.

Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t  feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.

I'm at .20kwh and I am still making profits on all of my racks. No where near what I was making 7-8 months back but most of my rigs have since been paid off. I believe Ethereum and Bitcoin prices will bounce back resulting in all alt coins to pop as well.

You can't make money everyday just like the stock market but if you make more than you spend on average then you are winning!

Personally I am looking at accumulating for the payout in the next 3 years.

Mine on!

[baga105]

The point is to make a BAG of coins when the price is LOW. Only dumb are crying about how not profitable mining is.. I am willing to pay for peoples electricity if they put my wallet in their bat file

[xleejohnx]

When it comes to mining don’t just mine one coin..

Also if you want to make a little more trade cryptocurrencies
Use bollingbands buy at the bottom sell in the middle make that one or two percent
Medved is a trading platform that can connect to gdax(coinbase) and Binance if I remember correctly

[LSteve]

The point is to make a BAG of coins when the price is LOW. Only dumb are crying about how not profitable mining is.. I am willing to pay for peoples electricity if they put my wallet in their bat file

You’re mining and speculating, so you can make the argument that your post doesn’t even belong on this thread. Even though it is a form of speculating but to a lesser degree, some people mined to have a passive income not as an investment to hold. I never got into crypto for passive income but I’m sure plenty of people did, you’re probably one of those anarchist hodlers ain’t you?

[LSteve]

Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.

Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t  feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.

I'm at .20kwh and I am still making profits on all of my racks. No where near what I was making 7-8 months back but most of my rigs have since been paid off. I believe Ethereum and Bitcoin prices will bounce back resulting in all alt coins to pop as well.

You can't make money everyday just like the stock market but if you make more than you spend on average then you are winning!

Personally I am looking at accumulating for the payout in the next 3 years.

Mine on!

Likewise that’s why I don’t pay electric with crypto but with Job money. I’m at an accumulated 22% operating profit at the moment so in terms of ROI, it just pushes very far on the horizon it’s not even a consideration under current market prices.

[dimpsk]

The point is to make a BAG of coins when the price is LOW. Only dumb are crying about how not profitable mining is.. I am willing to pay for peoples electricity if they put my wallet in their bat file

Not exactly. Prices are low but difficulty is not. It is not the time for mining. Actually mining - is a money wasting now. It is time for buing  for fiat.May be

[dimpsk]

Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.

Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t  feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.

I'm at .20kwh and I am still making profits on all of my racks. No where near what I was making 7-8 months back but most of my rigs have since been paid off. I believe Ethereum and Bitcoin prices will bounce back resulting in all alt coins to pop as well.

You can't make money everyday just like the stock market but if you make more than you spend on average then you are winning!

Personally I am looking at accumulating for the payout in the next 3 years.

Mine on!

Ya kidding me.  Stop it right now and take some  calculator in your hands.  It's not possible to mine  paying $0,2 per kwh. It's crazy man.

[mayers8851]

I still mine Eth and finally I see some drop in difficulty:
https://etherscan.io/chart/difficulty
Miners turn off their rigs or move to other coins.

[Pennywis3]

Hmm, can't see the drop 

[dimpsk]

Hmm, can't see the drop 

Me too All speak about big profits here. Only one or two said  they stopped rigs

[cryptovigi]

Hmm, can't see the drop 

Me too All speak about big profits here. Only one or two said  they stopped rigs

other words the muds are good, majority and is waiting for new highs.... buying time (cheap coins and cheap GPUs) has come ;-)

but what about ethash coins forks preventing them from ASiCS (XMR and some other cryptonights already announced it) can GPUs miner count on it???

[QuintLeo]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Trying to figure out which ancient GPUs you must be mining with not to make a profit with 0.06 kWh power.

Are you using the old Radeon 6990 to mine?

Hah you're pretty close. I have zero initial investment because precisely that fact, its made with my old gaming cards. HD 6950 1GB and R9 270X 2GB. The R9 270X alone is also not profitable.

I can picture that, the rig I just re-assembled with a mix of HD 7750 and R9 280x and a single 7850 is profitable but not by a lot - even at MY low electric rate.
I suspect it's going to switch over to Dnet RC5-72 work fairly soon if coin prices keep sliding.

Up side - the 7750 and 7850 cards were paid for via Litecoin mining YEARS ago, while the R9 280x were paid for sometime last year early on.

[Sledge0001]

Well I pay US$0.22Kwh So at this prices I just mine to pay for electric which I’m subsidizing with equity. So yeah tell me how can I be profitable.

Also so, some people are saying here not to mine the top coins and being kinda harsh about it, like the found the Lambo fountain. There’s a thing called “risk tolerance”; some people will mine those bottom coins and then exchanging them into more stable coins (in which there’s an increased risk of a downturn) whereas there are some that don’t  feel comfortable or just don’t have the time and prefer to mine stable coins and don’t run those additional steps and/or don’t go into that more aggressive game of speculation.

I'm at .20kwh and I am still making profits on all of my racks. No where near what I was making 7-8 months back but most of my rigs have since been paid off. I believe Ethereum and Bitcoin prices will bounce back resulting in all alt coins to pop as well.

You can't make money everyday just like the stock market but if you make more than you spend on average then you are winning!

Personally I am looking at accumulating for the payout in the next 3 years.

Mine on!

Ya kidding me.  Stop it right now and take some  calculator in your hands.  It's not possible to mine  paying $0,2 per kwh. It's crazy man.

I have run the numbers over and over again...

I mine mostly ETH & just today trying RVN with my 1060's... Equihash only with my 1080's....
So.... no matter what type of calculator you are using I am still making $!

[gotminer]

 

You small time boys better take a step back.  Time to shut down the rigs.  Sell me your gpu's at bottom dollar.  Cash out your crypto.  Cut your loses.  WA-WA-WA-WA-WA ... LOL!!! 

OR ....

Stop crying like a little fucking baby and understand that this isn't or ever was a get rich quick scheme.  Don't learn to know, but know to learn, my friend ... 

[gotminer]

i feel sorry man, but that the way it is
I hope you have real job in order to compensate the loss of profits from mining.
cause  know some people who decided they do not need job, and start to do the mining thing only, now they feel sorry about their decisions .

I think if he undervolt and underclock, it might be more profitable. But it might not worth the effort.

Now the electric consumption of mining is very high.The mining transaction fee also reduced,So we will get less amount of coins.Now Mining is not more profitable one.Instead you can do bitcoin trading to get more profit.

Consumption of electricity doesn't change unless YOU change it ... LOL ... What the fuck are you talking about?  Maybe his rate changed and caused him to pay more, but how the fuck would the consumption of a rig change unless you YOU changed it?

[remauto1187ma]

And the flood of used GPU's is here.  Ill wait awhile...I could use some $100 RX 580s and some 1080s for $200.  Its coming.  Im mining coins now and I got off NiceCrash and they can shove it.  Mining in pools proves alone that NiceCrash was reporting slower output than my rigs were actually making.   NiceCrash showed my blower 1080 producing 370sol/s but EWBF showed 450 consistently.  Ill be in the pools from here on out getting the coins. If I want to give my money away ill give it to someone I like and I dont Like NiceCrash.

[gawer33]

are you overvolting or power above 100%? with that wattage price you can make cloud mining services, I'm with $0.20 per kWh and still getting a minimal amount of profits but I turned it off to preserve the shelf life of my GPU's. In anyways it's much better to buy coins than to mine for today's everyday profits.  correct me if I was wrong we are mining because it's the safest investment in crypto, but for today's price and difficulty, we are actually doing worse than trading. we are hoping that the "price will increase" especially for an electric bill like mine. it's more like gambling than investing.

[gotminer]

All you noobs think about is daily profits ... HEHEHEHE.   

[chrusso]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

I would like to take your advice, but you are you are actually advising against whattomine, but not advising to use anything in particular.

Long story short: where do I find profitable coins to mine?

Kind regards;
Chris

[gotminer]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

I would like to take your advice, but you are you are actually advising against whattomine, but not advising to use anything in particular.

Long story short: where do I find profitable coins to mine?

Kind regards;
Chris

LOL ... 

[stiucsib86]

Sigh, it doesn't help when ethereum devs adding timebomb difficulty to make life harder.

[gotminer]

Sigh, it doesn't help when ethereum devs adding timebomb difficulty to make life harder.

Yeah, you should get out now.  Get out while you still can.

[dimpsk]

are you overvolting or power above 100%? with that wattage price you can make cloud mining services, I'm with $0.20 per kWh and still getting a minimal amount of profits but I turned it off to preserve the shelf life of my GPU's. In anyways it's much better to buy coins than to mine for today's everyday profits.  correct me if I was wrong we are mining because it's the safest investment in crypto, but for today's price and difficulty, we are actually doing worse than trading. we are hoping that the "price will increase" especially for an electric bill like mine. it's more like gambling than investing.

Trully agreed.

[dimpsk]

Sigh, it doesn't help when ethereum devs adding timebomb difficulty to make life harder.

Yeah, you should get out now.  Get out while you still can.

Good point I think.

[dimpsk]

i dont know what you guys are doing...im mining at 0,21ct(€) /kwh and earning still around 60-70% more than i pay...

one free advice the coins on whattomine are not profitable ..

I would like to take your advice, but you are you are actually advising against whattomine, but not advising to use anything in particular.

Long story short: where do I find profitable coins to mine?

Kind regards;
Chris

LOL ... 

You see any declaration should be approved. He said - i am making $$ on mining  even paying $0.2 kWh. He is asked how is this - it could not be possible according whattomine.
I know secret coins he answered. No proof at all.

So, it's just another fairy tale. Going forward then

[gotminer]

As expensive as mining hardware is AT THE MOMENT and as cheap as coins are AT THE MOMENT, my money is going directly into coins rather than mining hardware.  I'm still mining with the hardware that I have, but I'm buying coins rather than more mining hardware right now.

[dimpsk]

As expensive as mining hardware is AT THE MOMENT and as cheap as coins are AT THE MOMENT, my money is going directly into coins rather than mining hardware.  I'm still mining with the hardware that I have, but I'm buying coins rather than more mining hardware right now.

That's it, totally  agreed with this.

[Raja_MBZ]

I can't get it how you're getting a loss with 6 cents of kWh electricity. Here, right now, I'm mining Ethereum with 10 cents of kWh electricity and ending up in a little profit (not in a loss though).

Would the OP mind sharing his GPU specifications right here instead of at the video? GPU's must be very outdated or something like that.

[megainarmy]

Well, if it comes to that, then of course it's not necessary to turn off rigs, you need to mine for the future. Those, hoDl.
It's strange, but personally, even if I mine the etherium the profit still exists

[cryptovigi]

buying rather than mining... maybe that's the clue for nowdays....

[gotminer]

As expensive as mining hardware is AT THE MOMENT and as cheap as coins are AT THE MOMENT, my money is going directly into coins rather than mining hardware.  I'm still mining with the hardware that I have, but I'm buying coins rather than more mining hardware right now.

That's it, totally  agreed with this.

At least we agree on something ... LOL.

[lunobird]

I can't get it how you're getting a loss with 6 cents of kWh electricity. Here, right now, I'm mining Ethereum with 10 cents of kWh electricity and ending up in a little profit (not in a loss though).

Would the OP mind sharing his GPU specifications right here instead of at the video? GPU's must be very outdated or something like that.

Are you including rent for the facility and taxes for the gains earned?  After adding these you should be rekt in earnings. anybody could make a few cents per day after mining and brag they still profiting..  Such bums! LOL

[gotminer]

I can't get it how you're getting a loss with 6 cents of kWh electricity. Here, right now, I'm mining Ethereum with 10 cents of kWh electricity and ending up in a little profit (not in a loss though).

Would the OP mind sharing his GPU specifications right here instead of at the video? GPU's must be very outdated or something like that.

Are you including rent for the facility and taxes for the gains earned?  After adding these you should nearly be rekt in earnings. anybody could make a few cents per day after mining and brag they still profiting..  Such bums! LOL

I don't pay rent for facility, because my mining rigs are in a space in my home (which is tax deductible) ... My electricity cost is 0.10kwh.  If I hit a threshold, it comes down a little.  Maybe 1-2 cents per kwh.  You pay taxes on earned income, as if you were self employed.  Your mining room is a deduction, your hardware costs are a deduction, your electricity is a deduction. 

I posted this in another thread, and I will post it again ...

"I don't know how to tell you this, but you are insanely wrong with part of that.  With the 31 gpu's that I have, I mined various coins and traded for btc in the month of March.  In the month of March, I ended up with 0.18337303 BTC.  If I converted to fiat right now that would equate to $1315.70USD.  My electrical costs (rigs and ventilation) for the month were approx $400USD.  Do the math and tell me that isn't profit.

I bought my gpu's last year at reasonable prices, not much over MSRP.  Not all, but a large portion of my rigs are paid for, if I converted to fiat right now.  I'm not converting to fiat at today's btc price (not even to cover electrical costs).  I'm placing a bet and waiting.  I'm not advocating that someone go out and pay insane gpu prices right now and start building a farm.  But do not tell me that gpu mining (in my situation) is not profitable.  Lol ... It would be insane for me to shut down my rigs right now and sell everything today."

[Sevarchik]

I am continue mining because i have other income.
I still mine ETN and i dont know how profitable is at the moment, researching more profitable coins pain for me, with this red digits

[dimpsk]

I can't get it how you're getting a loss with 6 cents of kWh electricity. Here, right now, I'm mining Ethereum with 10 cents of kWh electricity and ending up in a little profit (not in a loss though).

Would the OP mind sharing his GPU specifications right here instead of at the video? GPU's must be very outdated or something like that.

Not very, but just be not the newest. Thus 1070 is still a bit profitable with $0.1 kwh electricity, but
1050 and 460 will generate only losses now. They  are not obsolete  at all. But they are not the newest

[Bulitt]

Rig:
HD 6950 1GB - 200H/sec Cryptonight, 180KH/sec Neoscrypt
R9 270X 2GB - 440H/sec Cryptonight, 535KH/sec Neoscrypt, 180sols/sec Equihash.

Gaming PC:
AMD FX 8320 - 380H/sec Cryptonight.
RX 580 8GB -  690H/sec Cryptonight, 1032KH/sec Neoscrypt, 330sols/sec Equihash, 19.2 MH/sec Ethash.

[QuintLeo]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

[senseless]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Keep looking

[gotminer]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

What's up with the limit of one per person?

[senseless]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

What's up with the limit of one per person?

It's their latest tactic of trying not to look like complete assholes. So, they privately mine, extract large amounts of value from a coin, sell a bunch of miners, then sell off their coins and crash the price. It keeps the price high during their sales and their units ROI looking great.

[gotminer]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

What's up with the limit of one per person?

It's their latest tactic of trying not to look like complete assholes. So, they privately mine, extract large amounts of value from a coin, sell a bunch of miners, then sell off their coins and crash the price. It keeps the price high during their sales and their units ROI looking great.

I know a lot of people speculate about that and I do believe it to be true.  I mean, why wouldn't they do it?  I think I've come full circle on my opinion of Bitmain at this point ... Really doesn't matter to them if they sell this unit at $800 or $400, because they've already accumulated enough income off of mining with them privately to sell at whatever price they can get.  Jihan is a very smart man and I'm sure they carefully calculate the max price they can sell their used hardware at.  Getting money out of the used hardware is just the icing on the cake for them, if they have been mining with them for months.  You'd be doing it that way too, if it was your business that spent millions in R&D on something like that. 

Jihan doesn't even care about crypto, from what I've heard.  All that I've been hearing as of late is that he is using this as a catalyst into some really scary AI shit. 

[chakfrost]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

What's up with the limit of one per person?

Just got an email overnight - they upped it to 5.  They are shady as all hell.

[Piskeante]

my 10 gpus are off and have been off for almost two weeks now. I don't regret it even once, because of many reasons.

1º i'm not a holder. If you are a holder mining, you are actually a moron. (though i can accept miners who mine , expecting the price to increase and sell to recover electricity bill + profit)

2º at 0,18$/Kwh, the profit per card is 0,18€/day. That's a no go for the vast amount of miners.

3º if you don't mine, you´ll not ROI ever, that's true, but considering the situation of the market, you can expect to be like months paying your electricity bill without a single € of profit, which is not what it was intended when i bought all my equipment.

4º nowadays, buying coins is far more profitable than mining. and if you know how to trade coins, (so you are a bear right now), you can get almost 5-10% profit almost everyday if you are a good one.

5º long term investment is the most risky situation you can imagine, because on the hypothetical situation of considering the market to increase, the only thing you can do is trust blindly on crypto. Because, nowadays, there is no argument, data, clue, information or technical analysis that can make you believe that that is gonna happen.

Mining nowadays is just assuming losses, that's why i will continue to keep my gpu's off.

[gotminer]

my 10 gpus are off and have been off for almost two weeks now. I don't regret it even once, because of many reasons.

I'll give you bottom dollar for them. 

[DES_MX]

It's bad for hardware that worked hard to rest for too long my friend
80% chance your mobo will fail next time you turn it on back to mining

[Geraldo]

I'm curious about OP's decision after a few pages discussion. And I found it on the third page. Seems like OP's rig has turn-on back. Cheers OP  

I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.

[DES_MX]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

[dimpsk]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ  

Shhhhh DONT TELL THEM THE SECRET  

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

It's not a low price for ASIC. It's still hipe price for GPU. Feel the difference.

[Agozyen]

Sorry to hear that.  It will be profitable again at some point in the future.  While waiting you could run some staking coins or even some Masternodes.  This is a great way to earn coins with running hardware, other than your PC. 

 There are lots of staking coins out there.  I would avoid the ones that have a high ROI as they seem to tank in value very quick.  Low ROI coins won't give you much unless you hold mass amounts.  There is a sweet spot (at least for me) that caps out around 300%

  Some good examples, from highest ROI to lowest -

Platinum Bar (XPTX) - 230% interest!
Condensate (RAIN) - 200% interest!
Castle Airdrop Platform (CSTL) - 100% interest!
Inflation Coin (IFLT) - 72% Interest.

None of these are guaranteed to go anywhere, but each one has something going for it!

[Metroid]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

[Suslived]

The problem here is everyone is so focused on the current situation. Do you really believe that ETH will not recover? Don't be like all the sheeps who will turn off their rig (or be one i don't care and would be happier with less difficulty). Just like the saying goes, "be greedy when everyone is fearful."

[gotminer]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

[dimpsk]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

Mining is not a speculation.
It's kinda hobby, time spending, money wasting  - you name it.

[gotminer]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

Mining is not a speculation.
It's kinda hobby, time spending, money wasting  - you name it.

Sure it is.  I'm speculating that I will make money when the price of the coin rises.

[dimpsk]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

Mining is not a speculation.
It's kinda hobby, time spending, money wasting  - you name it.

Sure it is.  I'm speculating that I will make money when the price of the coin rises.

There is no connection in coin price rising and mining. You gain profit if you bought chip coin and sell it after price increased.
You gain profit from mining if you sold mined coin, paid electricity bill, recouped you farm and earn somth after that

[gotminer]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

Mining is not a speculation.
It's kinda hobby, time spending, money wasting  - you name it.

Sure it is.  I'm speculating that I will make money when the price of the coin rises.

There is no connection in coin price rising and mining. You gain profit if you bought chip coin and sell it after price increased.
You gain profit from mining if you sold mined coin, paid electricity bill, recouped you farm and earn somth after that

There is a lot of connection, if you're doing it correctly.  Coin price rises.  More people flock to mining, because they think their going to get rich quick (you probably did that), difficulty goes up as additional hashrate is introduced to the network, you receive less coin for mining, but price has increased, so it evens out.  Next coin price drops, you are pissy about mining ... LOL. 

Also, coin price and mining ... I mine, hold, and sell when coin price is X3.  My capital recovery time frame is reduced by a factor of three. 

You and Digital Drug Lord should go get a room ... HEHE 

[QuintLeo]

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

[dimpsk]

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

And GPU costs is the third But I was talking about different things.
Only current coin price is matter. Is mining profitable or not.
Some said about mining into  the long time box - it is a bullshit. If current prices low - it is better to buy coins instead of mining them.
If current prices are high - it's better to  mine.
It's just simple for me.

[dimpsk]

Also to all people saying you can't profit at $0.20ct electricity cost... I have €0.22 over here and still make profit... It's all about the algo you mine and how you optimize your cards buddies

Pennies per day? i guess even if is pennies per day per card you can say profitable, now we have to agree that is not worthwhile. Get a minimum wage job  few hours per day is 100x more profitable than spending $450 on a rx 580 and earn pennies per day. Mining is only good if is worthwhile your time and money and right now is not.

Minimum wage job?    LOL ... I haven't worked a minimum wage job since I was 15 years old.  My real job pays well enough to allow me to speculate on mining/trading/hodling crypto without forcing me to change the way that I live.  I also don't spend a lot of time babying my mining farm.  It's stable enough that it doesn't require constant babying.  However, I do spend a lot of time researching.  I would be doing that anyway whether I was mining, trading, or just buying to hold.

Mining is not a speculation.
It's kinda hobby, time spending, money wasting  - you name it.

Sure it is.  I'm speculating that I will make money when the price of the coin rises.

There is no connection in coin price rising and mining. You gain profit if you bought chip coin and sell it after price increased.
You gain profit from mining if you sold mined coin, paid electricity bill, recouped you farm and earn somth after that

There is a lot of connection, if you're doing it correctly.  Coin price rises.  More people flock to mining, because they think their going to get rich quick (you probably did that), difficulty goes up as additional hashrate is introduced to the network, you receive less coin for mining, but price has increased, so it evens out.  Next coin price drops, you are pissy about mining ... LOL. 

Also, coin price and mining ... I mine, hold, and sell when coin price is X3.  My capital recovery time frame is reduced by a factor of three. 

You and Digital Drug Lord should go get a room ... HEHE 

No offence, but it looks like a bullshit.
Prices are high - you mine and sell coins.
Prices are low - you just buy coins. Do not complicate the simple things

[Ayuluv2001]

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

And GPU costs is the third But I was talking about different things.
Only current coin price is matter. Is mining profitable or not.
Some said about mining into  the long time box - it is a bullshit. If current prices low - it is better to buy coins instead of mining them.
If current prices are high - it's better to  mine.
It's just simple for me.

yes by logical wise point of view there is nothing wrong with it

Unless the miner is cash rich and can afford to substain paying off bills and investment cost and sell when the coins price goes up (more of investment)

For other miners whom need to get rid of coins to pay off bills etc, it might not be good for everyone

[senseless]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ  

Shhhhh DONT TELL THEM THE SECRET  

The secret is, buy an ASIC.

Bitmain E3 isn't shipping 'till Mid-July - and is about the SAME specs (180 Mhash at 800 watts) as a well-tuned 6-card AMD RX 480/580 rig, and INFERIOR in performance to a well-tuned Nvidia GTX 1070 6-card rig (186+ Mhash at 700-750 watts).

Only thing it has going for it is the LOW PRICE.

Apparently the rumours about a "F3" unit were incorrect, as was that one published video - or the "F3" isn't an ETH mining unit.

What's up with the limit of one per person?

It's their latest tactic of trying not to look like complete assholes. So, they privately mine, extract large amounts of value from a coin, sell a bunch of miners, then sell off their coins and crash the price. It keeps the price high during their sales and their units ROI looking great.

I know a lot of people speculate about that and I do believe it to be true.  I mean, why wouldn't they do it?  I think I've come full circle on my opinion of Bitmain at this point ... Really doesn't matter to them if they sell this unit at $800 or $400, because they've already accumulated enough income off of mining with them privately to sell at whatever price they can get.  Jihan is a very smart man and I'm sure they carefully calculate the max price they can sell their used hardware at.  Getting money out of the used hardware is just the icing on the cake for them, if they have been mining with them for months.  You'd be doing it that way too, if it was your business that spent millions in R&D on something like that.  

Jihan doesn't even care about crypto, from what I've heard.  All that I've been hearing as of late is that he is using this as a catalyst into some really scary AI shit.  

I would just build my own hardware and mine in secret. I wouldn't go and mine a bunch of coins, hold them, and artificially increase the price by hodl before launching a sale with artificially inflated ROI then destroy the price of a coin (and ROI with it) after collecting money from the miner sales. They pump and dump any time they launch miner sales. What they're doing would be considered deceptive trade practices, market manipulation, and would probably be illegal in more than a few locations.

[yo_mama]

What's your hash rate?

Even at $0.2 kW/h the most expensive electrcity in the world I can still gain a tiny profit mining ETH.

[dimpsk]

What's your hash rate?

Even at $0.2 kW/h the most expensive electrcity in the world I can still gain a tiny profit mining ETH.

As i said earlier, one can get now $0.4 earning per the very good GPU card (let's name it 1070) a day on ETH paying $0.1 for electricity. It's a huge  profit for one i suggest, you can purchase all ya want on it. Ya will have still THE PROFIT as much as $0.07 per the very good GPU card in a day if your electricity costs $0.2
Good for ya.
But if  ya owned a bit older GPU's - ya know - it's a total fresh losses instead of earnings from it.

[Salesman4coinZ]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

[dimpsk]

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

And GPU costs is the third But I was talking about different things.
Only current coin price is matter. Is mining profitable or not.
Some said about mining into  the long time box - it is a bullshit. If current prices low - it is better to buy coins instead of mining them.
If current prices are high - it's better to  mine.
It's just simple for me.

yes by logical wise point of view there is nothing wrong with it

Unless the miner is cash rich and can afford to substain paying off bills and investment cost and sell when the coins price goes up (more of investment)

For other miners whom need to get rid of coins to pay off bills etc, it might not be good for everyone

Yep, that's it.  And we are talking here about miners having another income.  Those who not are obliged to  sell all they mine now to  pay the bills and buy  some food for eating. They could not wait for their mined coins price increasing

[dimpsk]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

That's right, agree with this. Of course if your farm is fully automative and do not requires some time for tuning and support. Otherwise it's better to shut it down right now than still get such profits and waste such time.

[Sharcade02]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

By the look at the current price movement, I think you'll be waiting a more longer. Holding and waiting for the price to get back are for those who big investment, with the bloody market right now and we still don't know when it'll end, I think OP is making a good decision.

[dimpsk]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

By the look at the current price movement, I think you'll be waiting a more longer. Holding and waiting for the price to get back are for those who big investment, with the bloody market right now and we still don't know when it'll end, I think OP is making a good decision.

Agreed with. Money should be counted.

[adaseb]

if you pay that much for power you are really better off just selling that GPU on eBay and just buy ETH directly.

After fees and taxes you won't net that much and are better off just buying ETH and holding.

[leonix007]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

By the look at the current price movement, I think you'll be waiting a more longer. Holding and waiting for the price to get back are for those who big investment, with the bloody market right now and we still don't know when it'll end, I think OP is making a good decision.

Agreed with. Money should be counted.

OP already turn back on his Rigs, I guess he still survive despite of blood bath

I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.

[gotminer]

Even when mining will be no more profitable for me, i wouldnt shut it down. So maybe you make no profit for some weeks, but do you instant sell your coins to pay your bills? When im mining, im holding everything i mine and sell it when the price is high. So when mining is not profitable, i just continue to mine and hold the coins. But when its really to much minus, i can recommend you, to buy cryptocurrencies for the money you would pay for the electricity cost of your mining rig.

By the look at the current price movement, I think you'll be waiting a more longer. Holding and waiting for the price to get back are for those who big investment, with the bloody market right now and we still don't know when it'll end, I think OP is making a good decision.

Agreed with. Money should be counted.

OP already turn back on his Rigs, I guess he still survive despite of blood bath

I turned em back on but Im switching back to Monero. The difference in revenue is negligible but the power demands are less than half that of neoscrypt. 6950 is only using 50W, and R9 270X is only used 80-100. With Neoscrypt the 6950 would use over 100W and the R9 270X would use a staggering 180W.

Lol ... And the market is worse now than it was when he turned them off.   

[Piskeante]

the blood bath is going down and down.

i don't see a bright future. rather the contrary.

Anyway, i've already sold 3 of my gpus, and got almost 35% profit over the money that i paid. Continue mining if you want. It's a total waste of time.

You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???

Sorry, that's not my shit. i would never accept that.

[gotminer]

You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???
 

If that's what it takes, sure.  I never expected anything in crypto to be a overnight, short-term thing.  I'm not only looking a year down the road.  I'm looking 10-15-20 years down the road as well.

[lunobird]

the blood bath is going down and down.

i don't see a bright future. rather the contrary.

Anyway, i've already sold 3 of my gpus, and got almost 35% profit over the money that i paid. Continue mining if you want. It's a total waste of time.

You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???

Sorry, that's not my shit. i would never accept that.

Good job for you. The first miner here that open his eyes and realized their are much better investments than mining and also value his time he can spend else for better profits.

I'm about to dump my gpus on people like gotminer that thinks mining is still the best investment ever.

I do pay 25 cents for electricity so at my rate mining is a total waste.

[Wipro]

if you pay that much for power you are really better off just selling that GPU on eBay and just buy ETH directly.

After fees and taxes you won't net that much and are better off just buying ETH and holding.

Since the difficulty of ethereum increases and value reduces we see huge blow on mining GPU. If you want to wait and make the long term profit means always you can able to get the profit later.
For urgent selling it will work any people now.
If you think there is no profit after value raises means only you need to sell it out. Else keep mining the cheap coins with the potential.

[gotminer]

the blood bath is going down and down.

i don't see a bright future. rather the contrary.

Anyway, i've already sold 3 of my gpus, and got almost 35% profit over the money that i paid. Continue mining if you want. It's a total waste of time.

You want to mine and hold? that's right. But have you considered what will you do if the market does not recover in lets say a year now?? are you going to hold and pay big bills from your pocket getting no profit at all???

Sorry, that's not my shit. i would never accept that.

Good job for you. The first miner here that open his eyes and realized their are much better investments than mining and also value his time he can spend else for better profits.

I'm about to dump my gpus on people like gotminer that thinks mining is still the best investment ever.

I do pay 25 cents for electricity so at my rate mining is a total waste.

You won't be dumping them on me as I'm not currently purchasing gpu's.  Lol ... Never said it was the best investment ever, so don't start putting words in my month, you fucking degenerate.    My mining farm is a small portion of my crypto related investments.  P.S. My electricity is more than 3 times cheaper than yours ... LOL  

[QuintLeo]

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

And GPU costs is the third But I was talking about different things.

Hardware cost has ZERO effect on profitability, the effect there is on "time to achieve 100% ROI of the money invested".

[QuintLeo]

What's your hash rate?

Even at $0.2 kW/h the most expensive electrcity in the world I can still gain a tiny profit mining ETH.

Keep in mind the OP mentioned that their rig had a HD 6950 (ancient Terrascale card) and a R9 270 (low end for mining at all but at least it's GCN).
I doubt they were mining ETH on those cards, don't think the R9 270 had a 4GB option and the ETH miners don't tend to work on pre-GCN cards at all.


20 cents/KWH isn't the most expensive electric in the USA, much less the world - but it's certainly a lot higher than the US average.

[dimpsk]

What's your hash rate?

Even at $0.2 kW/h the most expensive electrcity in the world I can still gain a tiny profit mining ETH.

Keep in mind the OP mentioned that their rig had a HD 6950 (ancient Terrascale card) and a R9 270 (low end for mining at all but at least it's GCN).
I doubt they were mining ETH on those cards, don't think the R9 270 had a 4GB option and the ETH miners don't tend to work on pre-GCN cards at all.


20 cents/KWH isn't the most expensive electric in the USA, much less the world - but it's certainly a lot higher than the US average.

I still dont catch what the point to have tiny profit and be proud of that. Thats a bit weird.

[QuintLeo]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

[dimpsk]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

[realaccountakira]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

[adaseb]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

It's not basically "set it and forget it".

If you are making like 5 cents a day per GPU, is it worth it?

Most likely the fan can wear out. How much is a replacement? $20-45?

You can also burn a Molex or SATA cable and start a fire? Fairly common with the amount of power going thru that PEG connector

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

[Metroid]

It's not basically "set it and forget it".

If you are making like 5 cents a day per GPU, is it worth it?

Most likely the fan can wear out. How much is a replacement? $20-45?

You can also burn a Molex or SATA cable and start a fire? Fairly common with the amount of power going thru that PEG connector

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Exactly but i don't think your words will make trolls less mindless, trolls will always be mindless and they will likely mine at loss and say they are making million dollar per card hehe, they dont understand about cost at all cause most trolls just will steal their parents credit card and buy anything they need to keep their mining computers on for the sake of "hey, I'm a mindless troll" hehe

[gotminer]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

[dimpsk]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

If you had even one  rig  you did not say that. Even properly configurated rig with a good watch dog needs some attention. Also you may want to switch  mined coins to increase profitability,  search that coins from a bunch of shitcoins like some funny boys suggest here. It becames a big full time job

[smoolae]

My rig has been running for 2 months straight with no problems (Win 10 and 5x R9 290). The only problems it has ever given to me have been because of my "awesome" overclocking. Also, mining still gives you some ez profit.

[stomachgrowls]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

[dimpsk]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

Agreed, it should be pretty obviously for everyone.  If one had some brain.

[gotminer]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

Sorry, but I don't agree with you at all.  Every single month I calculate my net income (if I were to cash out mined coins for USD at that given point) and every month it's double (worst month) or triple what I paid in electricity.  At various points when I feel the time is right, I trade shit coins for btc, but I haven't traded btc for usd in several months.  And even when I did take some profit in USD back in December, it was very little.  You both can say whatever you like, but my numbers look just fine. 

I wouldn't get into mining as a hobby personally, but at this point, I would continue to mine as a hobby, if it ever came down to that.  Maintenance doesn't cost money unless your shit is breaking down all of the time and/or you don't know how to properly configure your rigs.  Research doesn't cost you anything other than time, and you'd better be constantly doing that whether you're mining or just buying coins.

Asic resistant proof of work projects are dependent on gpu mining to secure their networks.  You better go check yo-self   

[adaseb]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

Sorry, but I don't agree with you at all.  Every single month I calculate my net income (if I were to cash out mined coins for USD at that given point) and every month it's double (worst month) or triple what I paid in electricity.  At various points when I feel the time is right, I trade shit coins for btc, but I haven't traded btc for usd in several months.  And even when I did take some profit in USD back in December, it was very little.  You both can say whatever you like, but my numbers look just fine. 

I wouldn't get into mining as a hobby personally, but at this point, I would continue to mine as a hobby, if it ever came down to that.  Maintenance doesn't cost money unless your shit is breaking down all of the time and/or you don't know how to properly configure your rigs.  Research doesn't cost you anything other than time, and you'd better be constantly doing that whether you're mining or just buying coins.

Asic resistant proof of work projects are dependent on gpu mining to secure their networks.  You better go check yo-self   

This topic is not really that relative anymore since ETH basically doubled from its low when this topic was created.

If you are making double your electricity then yes it's worth keeping it running. But when ETH was below $400 and people were making 10 cents profit daily after electricity then you might as well turn it off and sell the rigs.

But since this is crypto a lot can change in a short time.

[Metroid]

But since this is crypto a lot can change in a short time.

in both directions. Well I told you trolls to buy the coins, if you listened then you profited 2x minimum.

[Marvell2]

Notice silence from the op lol that fool never shut down just trolling u guys lol

if you kept mining and held you still made out like a bandit

[gotminer]

My rig has been running for 2 months straight with no problems (Win 10 and 5x R9 290). The only problems it has ever given to me have been because of my "awesome" overclocking. Also, mining still gives you some ez profit.

Same here.  I have my Vega rig on Windows 10.  It has locked up a few times in the past several months.  All of my Nvidia rigs are on SMOS.  Zero problems there.  Awesome remote monitoring.  Console view from any internet connected computer or my phone.  Email alerts if anything goes down. All rigs are on switched pdu's, so I can cycle the power on any of the pdu outlets from my phone or any internet connected computer.  

I would have my Vega rig on SMOS if it was supported, but when Win10 works so well with XMR-STAK, I don't really care.  Hashrate monitor and auto restart of XMR-STAK, if the hashrate dips to a certain level.  

And these idiots talk about not being able to go on vacation, because they have to baby their rigs constantly.  They just don't get it.  Probably not high level tech people.  A bunch of fucking noobs that got their mom to buy them a new puter for Christmas and tried to engineer a make-shift mining rig out of it, is what I'm thinking.

[realaccountakira]

If you had even one  rig  you did not say that. Even properly configurated rig with a good watch dog needs some attention. Also you may want to switch  mined coins to increase profitability,  search that coins from a bunch of shitcoins like some funny boys suggest here. It becames a big full time job

Foolish boy. Did you really say mining is a "big full time job?" Do you carry your pickaxe and mine with it all day?

If you had even a clue of what you are doing then you will know that a well configured (not "configurated") rig will run for weeks without problem. Do you switch algos/coins daily? The answer is no. Only newbies who don't know what they're doing will follow whattomine's daily profitable coin. Go back to school dad you're drunk.

[gotminer]

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

But you waste a lot of time for it.  Is not better and profitable to click some sites and buttons in the internet?

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

The current market value now is higher than in the future. Every day that you keep it mining for 5 cents it might depreciate another 10 cents

Where did you get your crystal ball? 

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

Sorry, but I don't agree with you at all.  Every single month I calculate my net income (if I were to cash out mined coins for USD at that given point) and every month it's double (worst month) or triple what I paid in electricity.  At various points when I feel the time is right, I trade shit coins for btc, but I haven't traded btc for usd in several months.  And even when I did take some profit in USD back in December, it was very little.  You both can say whatever you like, but my numbers look just fine. 

I wouldn't get into mining as a hobby personally, but at this point, I would continue to mine as a hobby, if it ever came down to that.  Maintenance doesn't cost money unless your shit is breaking down all of the time and/or you don't know how to properly configure your rigs.  Research doesn't cost you anything other than time, and you'd better be constantly doing that whether you're mining or just buying coins.

Asic resistant proof of work projects are dependent on gpu mining to secure their networks.  You better go check yo-self   

This topic is not really that relative anymore since ETH basically doubled from its low when this topic was created.

If you are making double your electricity then yes it's worth keeping it running. But when ETH was below $400 and people were making 10 cents profit daily after electricity then you might as well turn it off and sell the rigs.

But since this is crypto a lot can change in a short time.

Well I don't mine eth.  But I did buy a shit load of eith at $400 last month.  If it ever dips below that, I'll buy more.  I'm not in the camp of mining vs buying ... I started mining back when gpu prices were reasonable and I also invest usd into buying coins when I see blood in the streets.  So my mining experience is much different than someone who is just now wanting to get into it.  That's why I'm such a dick to people who say mining isn't worth it.  For me, shutting down my rigs at a slight down turn in overall profitability is a stupid move, especially when my worst month was double what I spent in electricity.

GPU mining doesn't equal mining eth ... Not that simple, my friend.

[ruthbabe]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

My electricity is far more expensive than yours and yet I continue mining and gaining profits. I think it entirely depends on the coin you mine and not the rig. Closing your rig I think is not the wisest move. Mine coins which you believe have better future and hold it in your wallet.

[Bulitt]

Just so everyone knows I did re-start the rigs about 5 days after OP. After the Monero hardfork the difficulty shift lets my GPU miners be profitable again. As of this point, combined with a miniscule amount of day trading, Ive officially achieved ROI of the initial investment (a power supply) as well as paying for all the electricity used so far. I am now approaching the levels of value that I would have gotten if I just sold the used GPU on kijiji. Its only taken about 6 months and one dead GPU fan to achieve this. As of now Im basically at the "break even" point. Im actually considering buying a used i7 motherboard/cpu/ram to replace my gaming PC's system so that I can throw the 8 core FX processor at mining 24/7.

(Cryptonight V7)

AMD FX 8320 - 6 threads - 380H/sec - 110W

Profit per day $ 0.3159
Mined/day XMR 0.001866
Power cost/Day $ 0.1584

MSI Gaming X RX 580 8GB - Intensity 992 - 690H/sec - 160W

Profit per day $ 0.9383
Mined/day XMR 0.004597
Power cost/Day $ 0.2304

Asus R9 270X 2GB - Intensity 512 - 430H/sec - 140W

Profit per day $ 0.5267
Mined/day XMR 0.002865
Power cost/Day $ 0.2016

Sapphire Radeon HD 6950 1GB - Intensity 256 - 150H/sec - 120W

Profit per day $ 0.08127
Mined/day XMR 0.0009994
Power cost/Day $ 0.1728

Real world stats from the pool has me doing 0.01096173 XMR in the last 24hrs

[antminerguruguy]

Shhhhh DONT TELL THEM THE SECRET 

What secret!

[adaseb]

Just so everyone knows I did re-start the rigs about 5 days after OP. After the Monero hardfork the difficulty shift lets my GPU miners be profitable again. As of this point, combined with a miniscule amount of day trading, Ive officially achieved ROI of the initial investment (a power supply) as well as paying for all the electricity used so far. I am now approaching the levels of value that I would have gotten if I just sold the used GPU on kijiji. Its only taken about 6 months and one dead GPU fan to achieve this. As of now Im basically at the "break even" point. Im actually considering buying a used i7 motherboard/cpu/ram to replace my gaming PC's system so that I can throw the 8 core FX processor at mining 24/7.

(Cryptonight V7)

AMD FX 8320 - 6 threads - 380H/sec - 110W

Profit per day $ 0.3159
Mined/day XMR 0.001866
Power cost/Day $ 0.1584

MSI Gaming X RX 580 8GB - Intensity 992 - 690H/sec - 160W

Profit per day $ 0.9383
Mined/day XMR 0.004597
Power cost/Day $ 0.2304

Asus R9 270X 2GB - Intensity 512 - 430H/sec - 140W

Profit per day $ 0.5267
Mined/day XMR 0.002865
Power cost/Day $ 0.2016

Sapphire Radeon HD 6950 1GB - Intensity 256 - 150H/sec - 120W

Profit per day $ 0.08127
Mined/day XMR 0.0009994
Power cost/Day $ 0.1728

Real world stats from the pool has me doing 0.01096173 XMR in the last 24hrs

Surprised people still are mining with the Cayman series GPUs. I still got one of the Radeon 6990 which was a beast back in the BTC and LTC mining days.

You can actually mine EXP or MUSIC with it at 26Mhs. Only issue is instead of using 150Watts it uses 350Watts.
If I recall it's 40nm technology instead of the current 16nm hence not so bad.

[swogerino]

My 1060 3gb cannot mine etherum anymore, but at least my amateur computer mining which consists of different 1060 3gb and different 1050 ti is making me 1450 sol/s second mining Zcash, I make about 0.0165 Zec daily and this is my best option so far.

I don't like to change the 1050 ti to mine Ethereum which they can and 1060 to mine Zec, I prefer all cards to mine the same coin although a bit less profitability.

No reason to shut down anything while using Nvidia cards, they are very power efficient, this amateur computer of mine with an electricity cost of 0.09 consumes only 36 dollars and makes 111 a month, so a total of 75 dollars for month. Yes it is very little amount but it is net profit.

[smoolae]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

[gotminer]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

Well these are mostly the guys who know nothing other than 1-click miners and have no interest in putting in the time to actually learn that there is another world out there.

[swogerino]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

Well these are mostly the guys who know nothing other than 1-click miners and have no interest in putting in the time to actually learn that there is another world out there.

Yes definitely these are the persons who only know bitcoin from local and international news and they heard about good profits to be made by so called "mining rigs" for them.

They will be sad at the first obstacle and think they lost everything, until crypto is clean from these kind of persons we cannot really move forward.We need fanatic believers for the crypto in order to really make a revolution in digital money.

[smoolae]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

Well these are mostly the guys who know nothing other than 1-click miners and have no interest in putting in the time to actually learn that there is another world out there.

Yes definitely these are the persons who only know bitcoin from local and international news and they heard about good profits to be made by so called "mining rigs" for them.

They will be sad at the first obstacle and think they lost everything, until crypto is clean from these kind of persons we cannot really move forward.We need fanatic believers for the crypto in order to really make a revolution in digital money.

👍

[fanatic26]

My 1060 3gb cannot mine etherum anymore

Why not? The only 3gb cards with issues were running windows which makes some forced memory reservations. Run linux and you can mine ETH just fine still

[m.vina]

My 1060 3gb cannot mine etherum anymore

Why not? The only 3gb cards with issues were running windows which makes some forced memory reservations. Run linux and you can mine ETH just fine still

Correct. But some people see linux as a scary beast and simply not comfortable using linux because it seems more "technical" and harder to configure. Another option would be to use Windows 7 which should still work fine with some 3 GBs.

[gotminer]

My 1060 3gb cannot mine etherum anymore

Why not? The only 3gb cards with issues were running windows which makes some forced memory reservations. Run linux and you can mine ETH just fine still

Correct. But some people see linux as a scary beast and simply not comfortable using linux because it seems more "technical" and harder to configure. Another option would be to use Windows 7 which should still work fine with some 3 GBs.

I assume you can do it on SMOS, which is easier to set up than a windows mining rig.  There really is no OS tweaking to do. 

[remauto1187ma]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

[BrokenMiner]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

Well these are mostly the guys who know nothing other than 1-click miners and have no interest in putting in the time to actually learn that there is another world out there.

Yes definitely these are the persons who only know bitcoin from local and international news and they heard about good profits to be made by so called "mining rigs" for them.

They will be sad at the first obstacle and think they lost everything, until crypto is clean from these kind of persons we cannot really move forward.We need fanatic believers for the crypto in order to really make a revolution in digital money.

I wholeheartedly disagree.  I want to see everyone mining, not just the fanatics.  The more people mining the more likely crypto becomes more widely accepted and used.  Also, if every idle GPU were mining that's a pretty big/secure network.  I say invite everyone to the party!

[varusisog]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

[remauto1187ma]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

[gotminer]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

[dimpsk]

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

You better say: you were doing somthing wrong before it

[dimpsk]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

[remauto1187ma]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Let me draw it out in crayola for you.  You mine... You mine coins of whatever altcoin.  You hold until value goes up.  You then sell when the value exceeds what it cost you to mine.  Its not really difficult amateur.  And whats this "funny boy" crap? Im a grown man (47 next month).  You seem to be the one with the mind of a kid and the financial experience of a 5yr old.  You need to do some more reading across the net and comprehend what you read and learn from it.

[adaseb]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Unless you are mining with dinosaur equipment like an Antminer S3 or a GPU from 2009 then you should always be able to turn a profit.

Even mining with the old R9 280X turns a profit with XMR which only uses like 125Watts and makes over 2 quarters a day.

[dmwardjr]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Lol, I clicked the youtube link hoping that it might be a documentation of your rig or your calculations, thinking you might gone wrong.
Anyways, this video might help you: https://www.youtube.com/watch?v=dQw4w9WgXcQ 

Shhhhh DONT TELL THEM THE SECRET 

The secret is, buy an ASIC.

Spoken like a true BITMAIN shill.

[dimpsk]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Let me draw it out in crayola for you.  You mine... You mine coins of whatever altcoin.  You hold until value goes up.  You then sell when the value exceeds what it cost you to mine.  Its not really difficult amateur.  And whats this "funny boy" crap? Im a grown man (47 next month).  You seem to be the one with the mind of a kid and the financial experience of a 5yr old.  You need to do some more reading across the net and comprehend what you read and learn from it.

If you think like a funny boy you are acting like a funny boy no matter how old are you.
Mining is not profitable now at all if you mine, pay 10 cent or more per kwt/h and sell your coins on market.
That is obviously if you had some calculator.

Mine and not sell now but hold coins is another story which has nothing in common with profit. Cause you still paying for electricity but have nothing in return. May be your coins will rise some time. May be not.  Doesnot matter at all. Anyway better to buy it directly at market. If you had strong face and if it rose someday.

[remauto1187ma]

Are you still yapping troll?

If you could read AND comprehend you would see where I stated I pay 4.8 cents /kwh. So its still quite profitable kid.  And there is no difference between profitable now or profitable later.  Its still profitable.  Just because "you" cant afford the fronting of the power bill doesnt make it not profitable.

[gotminer]

The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me.

What is the price of your electricity?

4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Let me draw it out in crayola for you.  You mine... You mine coins of whatever altcoin.  You hold until value goes up.  You then sell when the value exceeds what it cost you to mine.  Its not really difficult amateur.  And whats this "funny boy" crap? Im a grown man (47 next month).  You seem to be the one with the mind of a kid and the financial experience of a 5yr old.  You need to do some more reading across the net and comprehend what you read and learn from it.

Mine and not sell now but hold coins is another story which has nothing in common with profit. Cause you still paying for electricity but have nothing in return. May be your coins will rise some time. May be not.  Doesnot matter at all. Anyway better to buy it directly at market. If you had strong face and if it rose someday.

Mining and trading/holding has everything to do with profit.  Sure you're paying for electricity out of your own pocket, but you do get something in return.  You get the coins that you mined, in return.  Yes it matters if the value of your crypto increases of decreases over time.  Why wouldn't that matter?  Your way of thinking has many flaws.

[MagicSmoker]

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Not profitable at all you say? I have a mixed rig of 6x 1060 and 2x 1080 mining ZEN that makes $8.50 in profit per day net of electric costs of $0.12US/kw-h.

Granted, it's not nearly as good as it was back in January when I was bringing in nearly 3x that amount, but a profit is a profit.

I have another rig (incomplete due to GPU shortage) of 4x RX 560 that makes about $2 in net profit mining MUSIC.

And a motley collection of CPUs and an RX 570 mining ITNS that may or may not be profitable, but I don't really care because I am waiting for more progress on their VPN.

So, yeah, mining is still profitable, just not "throw a dart at any shitcoin and go" profitable.

[astrong]

My little hobby rig cannot find a coin to mine thats profitable. Even with $0.06kWh electricity Im losing money from this point on.

https://www.youtube.com/watch?v=JSUIQgEVDM4

Do you ever try another coins? like xmy or xmv? or sumocoin? I guess more and more people are retiring from mining altcoin it will become a good news for other miner  The hashrate will be decrease, am I right? So if you have no passion in mining, please let it another people take it. Do you want to sell your rig to me? maybe I will be interested

[Mohondoa]

It's up to you to turn it off or turn it on. For me mining is fun. Even though many peoples say mining is now more difficult and more expensive. I don't care,  for me mining can increase income even it small income.
I think that's depends how we use from the mining results, that's can makes become more profitable.

[Bulitt]

I quit monero as the profitability of it has tanked because of its price. Currently mining Zencash and Feathercoin. Monero's value has declined so rapidly that I mined for 30 days and didnt make a single cent.

[adaseb]

I quit monero as the profitability of it has tanked because of its price. Currently mining Zencash and Feathercoin. Monero's value has declined so rapidly that I mined for 30 days and didnt make a single cent.

You are actually better off just mining XMR and holding because it's currently at $150 which is a very important supper level.

Pull up a chart and look at the daily or the weekly. Very strong support in that area. Basically similar to LTC chart.

Most likely this support will hold and you can resell higher in a few months.

[aundroid]

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Did you ever mine?

There are a lot of profitable coins to mine out there.
If you are only looking on whattomine you are doing something wrong 

[jmigdlc99]

I quit monero as the profitability of it has tanked because of its price. Currently mining Zencash and Feathercoin. Monero's value has declined so rapidly that I mined for 30 days and didnt make a single cent.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

With laughable comments like these two and the decreasing profitability i wonder why we even try and help people and point them at the right direction. People who look at daily rates or whattomine as measures of profitability probably deserve to be the first to be pushed out of the mining scene. More for us is good.

[Bulitt]

Shut it down again. Capitulating and selling my entire bag. Selling GPU's on kijiji.

[ronnieb]

Just waiting for winter to arrive so they can be dual purpose heaters.

[toptek12]

Full home solar i all most don't pay any thing for Electricity i love it, i can mine all most endlessly rather it's a good time or not .as long as i can stand the heat and noise, I'm gonna mine, Electricity is no issue for me .

SO I'll keep mining a way.

[remauto1187ma]

Full home solar i all most don't pay any thing for Electricity i love it, i can mine all most endlessly rather it's a good time or not .as long as i can stand the heat and noise, I'm gonna mine, Electricity is no issue for me .

SO I'll keep mining a way.

So Santa Claus delivered you a whole home solar power system?

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

[remauto1187ma]

Just waiting for winter to arrive so they can be dual purpose heaters.

They do make great space heaters! I told my wife we need a couple rigs in every room!

[gotminer]

Just waiting for winter to arrive so they can be dual purpose heaters.

They do make great space heaters! I told my wife we need a couple rigs in every room!

Wish it worked that way for me, but honestly, a six gpu 1080ti rig was heating my small home office way less adequately than a $30 dollar space heater last winter.  Furnace on at 70F.  Noise on that rig wasn't bad, but I just prefer to have all of my rigs in one room, and live a semi-normal life style outside of mining.  31 gpu's in a 12x15 room isn't bad during the winter, the room is actually cold with one intake fan and one other open window.  Indiana late spring/summer forced me to come up with a way to exhaust the heat.  The ambient room temp is about 6F above the temp of the intake air, but before I started exhausting at 3500ish cfm, that six degrees could easily climb to 20 degrees or higher.

[gotminer]

Full home solar i all most don't pay any thing for Electricity i love it, i can mine all most endlessly rather it's a good time or not .as long as i can stand the heat and noise, I'm gonna mine, Electricity is no issue for me .

SO I'll keep mining a way.

So Santa Claus delivered you a whole home solar power system?

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

Perhaps he installed the solar panels, prior to getting into mining.  I know someone who invested money into solar power, ended up with a lot of extra and found mining, because he was trying to find something to do with that extra power.  I'm paying around 0.10kwh ... I haven't shut down my rigs at all this year, because to be honest ... Mining shitcoins to accumulate more btc is my only objective.  I look at usd value way less than I look at how much btc I can get out of whatever shitcoin I've mined.

[DevelopmentBank]

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

FYI, some solar panels and inverters out there have 25 years of warranty, while most average at around 10 years of warranty.

Guess how long it takes to ROI a simple grid-tied solar installation? 4-5 years. Good luck to you chumps. Anyone not investing in solar is missing out. Just get a simple enough solar system that supports your household consumption.

[gotminer]

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

FYI, some solar panels and inverters out there have 25 years of warranty, while most average at around 10 years of warranty.

Guess how long it takes to ROI a simple grid-tied solar installation? 4-5 years. Good luck to you chumps. Anyone not investing in solar is missing out. Just get a simple enough solar system that supports your household consumption.

Oh I agree with you.  Personally, I don't plan living in my current home for more than another few years, so I don't feel like I should be investing in solar.  When I get to my forever home, I will certainly be looking at it.

[astrong]

Why I think you are crying like a baby LoL Bye bye baby miner, I hope there are many people like you that will shut it down their rig and looking for the other hobby. It will give a good chance for another miner to gain more profit. If people like you still mining, it just only increase the difficulty of shared mining.

[stiucsib86]

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

FYI, some solar panels and inverters out there have 25 years of warranty, while most average at around 10 years of warranty.

Guess how long it takes to ROI a simple grid-tied solar installation? 4-5 years. Good luck to you chumps. Anyone not investing in solar is missing out. Just get a simple enough solar system that supports your household consumption.

Yup. Can consider Tesla's Solar! https://www.tesla.com/energy. 25 years warranty, useful life span of 35 years.

[Marvell2]

Youre not fooling anyone, your power isnt free.  You just paid for it up front and have how many decades before you get ROI on it?  How much equipment will you have to replace before the ROI day comes? Hmmm

FYI, some solar panels and inverters out there have 25 years of warranty, while most average at around 10 years of warranty.

Guess how long it takes to ROI a simple grid-tied solar installation? 4-5 years. Good luck to you chumps. Anyone not investing in solar is missing out. Just get a simple enough solar system that supports your household consumption.

Yup. Can consider Tesla's Solar! https://www.tesla.com/energy. 25 years warranty, useful life span of 35 years.

too expensive compared to other solar options

[sockpuppet1911]

I was under the impression some of the CryptoNote coins are still profitable. I guess it depends what you're mining with too.

[dimpsk]

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Not profitable at all you say? I have a mixed rig of 6x 1060 and 2x 1080 mining ZEN that makes $8.50 in profit per day net of electric costs of $0.12US/kw-h.

Granted, it's not nearly as good as it was back in January when I was bringing in nearly 3x that amount, but a profit is a profit.

I have another rig (incomplete due to GPU shortage) of 4x RX 560 that makes about $2 in net profit mining MUSIC.

And a motley collection of CPUs and an RX 570 mining ITNS that may or may not be profitable, but I don't really care because I am waiting for more progress on their VPN.

So, yeah, mining is still profitable, just not "throw a dart at any shitcoin and go" profitable.

It's not possible to have profit from mining with electricity costs at $0.1 and more try to fix your calculator.

[remauto1187ma]

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Not profitable at all you say? I have a mixed rig of 6x 1060 and 2x 1080 mining ZEN that makes $8.50 in profit per day net of electric costs of $0.12US/kw-h.

Granted, it's not nearly as good as it was back in January when I was bringing in nearly 3x that amount, but a profit is a profit.

I have another rig (incomplete due to GPU shortage) of 4x RX 560 that makes about $2 in net profit mining MUSIC.

And a motley collection of CPUs and an RX 570 mining ITNS that may or may not be profitable, but I don't really care because I am waiting for more progress on their VPN.

So, yeah, mining is still profitable, just not "throw a dart at any shitcoin and go" profitable.

It's not possible to have profit from mining with electricity costs at $0.1 and more try to fix your calculator.

Your math sucks. Go work on it!  At .1/kwh there is profit.

[Kryptowolf512]

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that

Not profitable at all you say? I have a mixed rig of 6x 1060 and 2x 1080 mining ZEN that makes $8.50 in profit per day net of electric costs of $0.12US/kw-h.

Granted, it's not nearly as good as it was back in January when I was bringing in nearly 3x that amount, but a profit is a profit.

I have another rig (incomplete due to GPU shortage) of 4x RX 560 that makes about $2 in net profit mining MUSIC.

And a motley collection of CPUs and an RX 570 mining ITNS that may or may not be profitable, but I don't really care because I am waiting for more progress on their VPN.

So, yeah, mining is still profitable, just not "throw a dart at any shitcoin and go" profitable.

It's not possible to have profit from mining with electricity costs at $0.1 and more try to fix your calculator.

Check your math again. I have profits with a electricity costs at 0.3$ 

[darkneorus]

$0.03 here, guys
welcome to Russia. a wonderful country

[p3ppymon]

If you are a recreational miner, I am assuming you are doing it for fun and you do not care much about the crypto price swings. Thing about it this way: you bought some coins or tokens and the price is going down. Wait for better times before you can sell for a profit. Hence, keep mining regardless.

[remauto1187ma]

$0.03 here, guys
welcome to Russia. a wonderful country

.044 /kwh   US (Indiana).  Your power might be cheap in Russia but at what costs? Think about that.

[darkneorus]

$0.03 here, guys
welcome to Russia. a wonderful country

.044 /kwh   US (Indiana).  Your power might be cheap in Russia but at what costs? Think about that.

not sure what you are talking about, bro.

[remauto1187ma]

$0.03 here, guys
welcome to Russia. a wonderful country

.044 /kwh   US (Indiana).  Your power might be cheap in Russia but at what costs? Think about that.

not sure what you are talking about, bro.

You dont know because you "may not know any other way".  But hey, this goes more into a political, national, etc type discussion that I am sure nobody else wants to hear about.  Atleast not in this thread anyway.  PM me if you want to chat.

[sergey1301]

Hello! Ethereum Classic is a good coin. I mine it, and it is more profitable than ethereum. I get with it 15$ in day!!

[Signaturan]

$0.03 here, guys
welcome to Russia. a wonderful country

You can make some profits. But the ROI is still long.

[Bulitt]

Ive been super profitable making over $CAD2.50/day but now there is a heat wave and for the well being of other occupants of this house I shut it down today. Here's hoping by the time it cools down tonight I can turn the rigs back on. Our little window air conditioner cant compete with a 1300sq ft house with a 2 card rig and a single card + cpu rig. My consumption is around 480W and everything runs below 67°C even in this heat. Its just throwing off so much heat that our house is just far too hot.

[smoolae]

Sold my mining rig in the beginning of April. Electricity here costs 0.13eur/kWh and the money I finally got from mining didn't really justify the heat and the loud sound from the GPUs anymore. During the winter months, the heat was very welcome 

[Bulitt]

Sold my mining rig in the beginning of April. Electricity here costs 0.13eur/kWh and the money I finally got from mining didn't really justify the heat and the loud sound from the GPUs anymore. During the winter months, the heat was very welcome  

Same here in the winter it was nice because I like it a little warmer than the rest of the house. Im not one to complain about cold/heat but today it is just too hot for me, which says something so it must be very tough on the elderly.

[Metroid]

In places where is very cold on winter, mining is positive cause you get free heating and money, also, mining uses a lot less electricity on winter, about 20% - 40% less than on summer, meaning is worth on winter and worthless on summer. Smart people sold all their gpu's before summer and with the money and if mining will still be worth then might purchase the new nvidia in September for winter, so b uy in September and sell in April hehe.

[toptek12]

Me I'm mining an holding i can make a profit now even with my Electricity cost,.12 cent when solar isn't running at nite I"m still doing great and now is the best time to mine even with the Air cranked up .

I'm on the poor side of middle class .

[toptek12]

$0.03 here, guys
welcome to Russia. a wonderful country

.044 /kwh   US (Indiana).  Your power might be cheap in Russia but at what costs? Think about that.

not sure what you are talking about, bro.

I know what hes talking about but 'I'm not to sure if he means trump is wining or not because when this trade war shit hits hard everyone in the US will fill it .. hes either giving you a warning or is a trump follower and is very delusional. ...it's one or the other .

[Metroid]

I know what hes talking about but 'I'm not to sure if he means trump is wining or not because when this trade war shit hits hard everyone in the US will fill it .. hes either giving you a warning or is a trump follower and is very delusional. ...it's one or the other .

Trump wants more money for the goverment, any money not charged goes to US people and trump does not want that. Many govs tax 100% or more for imported goods and that money goes to the gov and do you know who pays for it? the end buyer. The chinese will keep selling for example a gpu for $300 and if right now you pay $300 then if there is a 40% import tax then expect the same gpu $420, you need to understand that the chinese are still selling for $300 to you or to the world, those $120 goes from you to the US gov.

[adaseb]

Mining at a loss or mining at break-even is pretty much no different than being a hodl'er.

For some its easier to mine than to go to a Bitcoin ATM and withdraw BTC or to open an account with an exchange and buy their BTC by sending a bank deposit.

Hence this is the reason why, prices are low and yet the difficulty still refuses to drop. This is most likely going to be the trend for the next few months.

Even in 2015... when mining was hardly profitable with BTC. The difficulty still refuses to drop.

[Metroid]

The difficulty still refuses to drop.

Sooner or later it will go up, that is the thought btc miners had or have, so they dont buy anymore miner but they do not stop mining it as long as electricity is not at loss.

[squallw]

$0.06 per kwh and you can't find a profitable coin for mining?
I'm paying $0.22 per kwh and i'm still mining, my rig has low net profit per day because my electricity is very expensive, but i can profit about $4 per day(bitcoin at $6500).

Anyway you can mine and hold some months until bull market comes.

[gotminer]

$0.06 per kwh and you can't find a profitable coin for mining?
I'm paying $0.22 per kwh and i'm still mining, my rig has low net profit per day because my electricity is very expensive, but i can profit about $4 per day(bitcoin at $6500).

Anyway you can mine and hold some months until bull market comes.

Exactly.  Get rich quick miners who invested too much in hardware and don't have the funds to pay for electricity can't wait months or years, before they run out of steam.  They had a bad business plan from the beginning and now they are shitting their pants.    ... It's the difference between those who mine for daily profit and those who mine for annual or longer time frame profits.

My business plan back in the fall of 2017 was based on pure speculation, as should all who are developing a mining plan today.  Don't put all of your eggs in one basket.  Don't put all of your available funds into mining hardware.  Learn to trade, learn to read charts and indicators.  Buy coins for long term holding and set aside a small percentage to trade, just to learn.

Personally, I don't sell any mined coins for fiat, and probably won't for a couple more years.  I do trade mined alts for btc though, when the time is right.  I think that's the most important part of gpu mining shit coins right now.  Know when to trade them for btc.

[Metroid]

$0.06 per kwh and you can't find a profitable coin for mining?
I'm paying $0.22 per kwh and i'm still mining, my rig has low net profit per day because my electricity is very expensive, but i can profit about $4 per day(bitcoin at $6500).

Anyway you can mine and hold some months until bull market comes.

You are doing it wrong, in your case is all about trading, selling/buying coins.

Anyway, if the rx 480/580 was still selling for $180 then the roi would be around 300 days. 2 years ago btc was $200 and eth was $7, roi was 300 days, now btc is $6700 and eth $490 and roi is 700 days, it is all a huge mess, mining was never this bad since March 2015.

[roperto222]

i sold my rig too. is not profitable anymore. coins just get falling day by day. altcoins going to die very soon

[dadabosade67]

I have never tried mining but this seems not profitable as you have to invest a lot in advance. I will learn more about it. Hopefully I will understand it more and more

[leonix007]

I have never tried mining but this seems not profitable as you have to invest a lot in advance. I will learn more about it. Hopefully I will understand it more and more

you could start mining with what you have

at least a dedicated CPU or GPU on it, of course don't expect profitability

learning hands on is way more exciting

you will gain knowledge and understand mining in no time

[Sikkan666]

shutting down? lol.. Not sure what ure doing wrong then coz even whattomine´s coins would make me around 10 dollars/day and pay around 3-3,5 dollars per day in power.

Obvoiusly I am mining other coins that isnt what everyone else is mining

[varusisog]

i sold my rig too. is not profitable anymore. coins just get falling day by day. altcoins going to die very soon

I think after a few weeks, the price of altcoins will rise again. The rigs will be in demand again.