jpchrist
Full Member
 Offline
Activity: 174
Merit: 100
16Q3R8NAfK63DvkTUGgLdPScyMU8uSAJUH
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March 16, 2014, 07:19:05 PM |
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Are we ever even going to see anything close to .01 BTC/Mh/Day again? It seems like ever since March 1st we have been lucky to even get to .007...
While nobody knows for sure, it certainly doesnt look good. Multipools have essentially made it impossible for any scypt coin to have a value independent of LTC, and the LTC difficulty itself has DOUBLED in the last month. Do the math guys, how profitable will your rig be when difficulty is 10,000??? 1 Mh/s will net under a dollar a day. We will be there sooner than you think. Even at the current difficulty a $400 R9 280X has a ROI of well over 200 days. Not even close to worth it considering how fast the difficulty is rising. In 1-2 months GPU mining likely wont be profitable. which is before ASICs even hit the market in any appreciable quantity. Will something else come along? Maybe. Buts it isnt crazy to think about selling. |
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Planethill
Member
Offline
Activity: 120
Merit: 10
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March 16, 2014, 07:29:13 PM |
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It seems to me that many miners here are just looking for the quick, short-term buck. I am not looking short term, but long term...I am not cashing out anything. Sure, in a few months, you may only be making a dollar a day at the current rate. But I am not looking for dollars, I am looking at mining and holding coins. IF, in a few years, a BTC is worth $5000 or more, it will be very much worth the investment. Next month? Not so much.
Go for the long game.
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Xenocyde
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March 16, 2014, 07:41:49 PM |
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Aside from the net worth of gpus and whatnot... why isn't this pool mining Doge right now? Profitability has been under LTC for 8 hours straight, what the hell is going on, Terk?
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JuanHungLo
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March 16, 2014, 08:11:41 PM |
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Uh, I don't get it. The website says it is at 95% LTC Profitability. So why not just mine LTC?
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Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. - John Templeton
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Blando
Newbie
Offline
Activity: 9
Merit: 0
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March 16, 2014, 08:21:50 PM |
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Are we ever even going to see anything close to .01 BTC/Mh/Day again? It seems like ever since March 1st we have been lucky to even get to .007...
I think the correct and most honest is: we don't know. For sure we know. History has shown this -> Bitcoin. CPU mining is dead, GPU mining is dead, same will happen and happens now to scrypt-mining. The procedere has already started. Sell your GPUs now, in 1-2 weeks they will become more worthless as they are now. Or not...lol you don't know your ass from a hole in the ground. As you can see, guys like zneww dont stop mining, coz they are optimistic. Thats your chance to sell your GPUs, guys like zneww will buy them and they will lose coz of their optimism. Thats your chance, use it instantly, coz guy like zneww will wake up sooner or later (rather later, but even tey will). Sell now! You'll be the first in line to buy his stuff, nice strategy, use fear to take advantage of the weaks. History has shown, miners dont act logically, they even mine when their GPUs do it with strap-ons, miners like zneww need it. Lol..you sound stupid. Go troll somewhere else. I am glad you know everything about me. Goof ball. You are just mad you bought a GPU for $400 and realized its not worth that and never will be. Now that the market sucks, you are stuck holding the bag. Sad... A troll said stop trolling oO Go take a mirror and look on yourself before you do it with others. After this go play tetris, there you gain more success than in mining. Slipknot rules!! Fffffffuck yeah. Wrestling!! |
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Slipknot79
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March 16, 2014, 08:28:04 PM |
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Sell your GPUs now, in 1-2 weeks they will become more worthless as they are now.
They can always be sold for their original, intended purpose. As gamer video cards. Like the other 10000 280X on egay for 100$ each card? Sure. |
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zneww
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March 16, 2014, 08:53:46 PM |
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15.2%? lol
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phzi
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March 16, 2014, 08:58:51 PM |
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15.2%? lol
The 3 is probably correct. 12 likely includes the "unrejected stratum shares" that are caused by a long-standing bug in CleverMining's stratum implementation, but are not actually additional invalid shares. |
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zneww
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March 16, 2014, 09:02:33 PM |
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15.2%? lol
The 3 is probably correct. 12 likely includes the "unrejected stratum shares" that are caused by a long-standing bug in CleverMining's stratum implementation, but are not actually additional invalid shares. Yeah well its impossible to tell unless you watch the miner accept and reject shares. Hard to answer his question but if that is the case then I would think its 3. Pay attention to your GPU rejects GPU 0: 67.0C 2941RPM | 726.6K/730.8Kh/s | R: 2.7% HW:0 WU: 661.6/m xI: 4 That will give you an accurate reject rate. |
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ozzy1926
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March 16, 2014, 09:24:18 PM |
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This is SGMiner data:  Which number of reject I need to beleive? 3 or 12? where do you get this application? |
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zneww
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March 16, 2014, 09:49:39 PM |
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thi pool is run by scammers stealing our MH/s WHERE IS MY MISSING 1MH/s you SCAMMING THIEVESWhat CGwatcer reports:  What is seen on clevermining website:  aain dont trust these pool operators stealing your MH people lol |
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kalus
Sr. Member
Offline
Activity: 420
Merit: 263
let's make a deal.
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March 16, 2014, 09:56:55 PM |
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ignore that guy. almost all of his posting history is slagging clevermining. whatever.
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DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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elpsycongro
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March 16, 2014, 10:37:50 PM |
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^ i would like it please  |
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Planethill
Member
Offline
Activity: 120
Merit: 10
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March 16, 2014, 11:12:00 PM |
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Sell your GPUs now, in 1-2 weeks they will become more worthless as they are now.
They can always be sold for their original, intended purpose. As gamer video cards. Like the other 10000 280X on egay for 100$ each card? Sure. There are no 280x's on eBay for $100. So, you are just trying to predict the future. Poorly. After all that's what people said about block miners too. SELL! Worthless in weeks! Yet they still sell TODAY for more than half what they cost. 95% of the world knows nothing of crypto-currency. When they do, they will want in. Just like the people buying blockminers today. Besides you are assuming that the majority of GPU's sold are for miners and when the difficulty rises there will be some glut of cards and drive the price down. Simply not true. If miners bought the majority of cards we would we would see purpose built, dedicated ASI mining cards marketed to miners. Yet, we don't. Everything ad and card is about gaming. Know why? Not a big enough market or they would exist. Truth. You sell all your gear and go away. Get out now and break even or with a small profit. I'll keep mining, save my coins for the inevitable price rise and retire. Thanks for playing. |
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zneww
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March 16, 2014, 11:41:01 PM |
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Sell your GPUs now, in 1-2 weeks they will become more worthless as they are now.
They can always be sold for their original, intended purpose. As gamer video cards. Like the other 10000 280X on egay for 100$ each card? Sure. There are no 280x's on eBay for $100. So, you are just trying to predict the future. Poorly. After all that's what people said about block miners too. SELL! Worthless in weeks! Yet they still sell TODAY for more than half what they cost. 95% of the world knows nothing of crypto-currency. When they do, they will want in. Just like the people buying blockminers today. Besides you are assuming that the majority of GPU's sold are for miners and when the difficulty rises there will be some glut of cards and drive the price down. Simply not true. If miners bought the majority of cards we would we would see purpose built, dedicated ASI mining cards marketed to miners. Yet, we don't. Everything ad and card is about gaming. Know why? Not a big enough market or they would exist. Truth. You sell all your gear and go away. Get out now and break even or with a small profit. I'll keep mining, save my coins for the inevitable price rise and retire. Thanks for playing. Game. Set. Match. |
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