mrmork666
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Activity: 98
Merit: 10
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January 09, 2014, 11:56:26 PM |
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This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.
well you will also have to remember that the part you buy have a resale value right now at least on Finland used gpu are like 90% worth compared to new one ofc if scrypt mining slows down the value of the gpus also does but i dont think to much so i would think that you would atleast get back 50-60% from the hardware so your roi calculations are bit off i would assume going to invest for new hardware shortly  |
Join The Zeitcoin Movement Zeit : MhcEMb6YvZCnb4TPnti74p4s6mNiRvGMbQ | Ltc : LVAfAYf3dr47v5JbVRbGHfqUfKPLTx9Vnk |
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DarkMiningBTC (OP)
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January 10, 2014, 07:59:25 AM |
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This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.
Exactly what I'm trying to figure out, hopefully the hardware we have right now will be good for a while and coins will be more profitable again. |
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DarkMiningBTC (OP)
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January 10, 2014, 09:07:57 PM |
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It seems that EVEN if you buy a 3TH miner in a few months it will have NO value at this point.
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frank754
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Activity: 84
Merit: 10
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January 11, 2014, 05:25:02 AM |
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I'm talking about scrypt coins, not SHA-256. Anyway, prices seem to be going up today, and with so many of them out there now many have *very* reasonable difficulties. I ordered more parts. I can build a new box for $245, using an old case and the only extra cost in the PS < $50 and of course the R9 280X ($400). The last one is the killer, so it's still around $650. Looks like ROI in about 80 days, and if these alt cryptos go up, maybe less. I don't see the R-90's being worth the extra price per hash.
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DarkMiningBTC (OP)
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January 11, 2014, 08:34:54 AM |
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Me too, I'm also stating the same thing is happening with SHA-256 coins as well :/
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YoyodyneSystems
Legendary
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Activity: 1386
Merit: 1023
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January 11, 2014, 08:51:33 AM |
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I've noticed there are a bunch of coins that keep going up over time. And a bunch going down.
And some are doing both.
If that is dying then I like it.
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lalakies23
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January 11, 2014, 09:14:27 AM |
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Have you heard of Betacoin? If you did you shouldn't had this question at the first place. |
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DarkMiningBTC (OP)
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January 12, 2014, 08:34:50 AM |
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betacoin is not the best SHA-256 alt coin sir, it is one of the best, probably top 3 but not the best for profits, I find emark to be VERY stable and profitable.
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DarkMiningBTC (OP)
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January 13, 2014, 02:53:33 AM |
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I've noticed there are a bunch of coins that keep going up over time. And a bunch going down.
And some are doing both.
If that is dying then I like it.
at this point, NOTHING's going UP over time. |
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kalus
Sr. Member
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Activity: 420
Merit: 263
let's make a deal.
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January 13, 2014, 03:29:44 AM |
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This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.
better tech is here. also, computer equipment gets obsolete incredibly quickly. Nothing will make money forever. I have no idea if the return on mining will even be consistent week-to-week right now. The only way to build up insurance is to minimise your costs as much as you can, in order to minimize loss in case you cannot break-even. The biggest pitfall for miners right now is overpaying on video cards. a 280x that should have been $300 is now $400. $15/day will take that much longer to break-even, and may push past the point of obsolescence. When jacked-up video card costs are combined with uncertain returns in the future there is no certainty in mining. however, if you can build rigs that are sustainable and within budget, i think 100 days to break-even is possible right now. it might all have changed by tomorrow, though. |
DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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DarkMiningBTC (OP)
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January 13, 2014, 05:56:47 AM |
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ya I don't think a 3 TH miner will make a RIO at all lol, at this rate it's RIO would be ahhh maybe 100 days?
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aesma
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January 13, 2014, 02:53:04 PM |
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You all talk about getting dollars out of this. So who do you expect will buy those coins you clearly don't consider useful yourself ?
PS : I'm not being judgmental as I'm doing the same except with euros !
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DarkMiningBTC (OP)
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January 14, 2014, 02:26:19 AM |
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droppin droppin droppin without any highering. I remember when altcoins had a meaning, to be an alternative coin that would actually have profit.
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DarkMiningBTC (OP)
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January 17, 2014, 01:08:20 AM |
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I'm wondering if this is a crash or just a BREAK (rest). Seems like it may be a crash to me.
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flipstyle
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January 17, 2014, 01:15:55 AM |
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Mining GPU's will always hold value (especially top models), simply for the fact that most of their primary value is derrived from gamers, NOT miners. There will always be a guy running top notch games on his sli rig that will be willing to pay top dollar to play BattleField on high settings@60fps.
However, the real question will be IF dedicated scrypt miner units will ever be created soon. It will basically shift this into a bitcoin scenario where gpu rigs will become worthless in the mining world, and anything less than 30mh/s will be completely pointless and phased out.
We will have to see how this pans out. But for now, there are actually a ton of good deals on scrypt miner day/weekly contracts, that almost makes buying a multi-thousand dollar rig and fronting the electricity bill yourself....worthless. Especially for short term profit gains.
Wayyyyyyy too many shitcoins out there though. And it needs to stop. Or the market as a whole WILL suffer if there are tens of thousands of new, shitty crypto coins giving the industry an almost 'trivial/comical' feel to new investors...rather than a wave of the future.
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vintagetrex
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January 17, 2014, 01:37:15 AM |
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crypto currencies are dead because they are being replaced with crypto corps
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DrTrouble
Member
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Activity: 111
Merit: 10
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January 17, 2014, 01:53:40 AM |
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Nope, Alt's are here for awhile for sure. You just need to be a bit smarter about what you are mining...and how you are trading. Alts are for day-trading, LTC/BTC are for long term investments. Think cryptos in general are going away? Not anytime soon, check out this article - http://www.nbcnews.com/business/porn-basketball-taxes-bitcoin-hot-streak-2D11940201 |
What is this "Bitcoin" of which you speak???
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DarkMiningBTC (OP)
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January 18, 2014, 06:09:17 AM |
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Are we looking at a profibility increase/rise in the upcoming weeks/months? It seems like the coins exchanges are boosting slowly but still going up.
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anderl
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January 18, 2014, 06:11:42 AM |
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Are we looking at a profibility increase/rise in the upcoming weeks/months? It seems like the coins exchanges are boosting slowly but still going up.
nope. markets are tired from the big pump in November. they are dried up an will be until the dead weight is shaken off. Could take 6 months could take 9 months. little profit until then. |
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aesma
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January 20, 2014, 08:42:50 AM |
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We will have to see how this pans out. But for now, there are actually a ton of good deals on scrypt miner day/weekly contracts, that almost makes buying a multi-thousand dollar rig and fronting the electricity bill yourself....worthless. Especially for short term profit gains. Can you provide an example, as I looked it up and it seems pretty difficult to find something that cost less that what I'm making with my 3MH/s, regardless of electricity and investment ? If the only way to make money with such contracts is to jump on new coins and sell as soon as possible, then it's exactly what's causing the death of altcoins. |
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