I shut it down tonight boys.

[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.

[1714919263]

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[1714919263]

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[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