Mining Unprofitable - What next?

[Batelk]

There are over supply of GTX Cards in the market. I highly suggest to sell it the lowest price possible(Competition Wise). Because you'll never knew the next day, the price you're trying to sell it, looks over price to others. I'm one of GTX 1070 holder here that has been selling it for month. No luck at all.

I will keep my cards as there could be a sudden rise of mining profit if the market turns.

[e97]

These are just cheap Chinese panels. You do realize that to get stable electricity working you need a shitload of other expensive stuff? Batteries and all the controlling electronics etc. Solar power is not cheap, it's one of the most expensive ways to get electricity at the moment actually. People that go for it are mostly interested in being "off the grid", doing a fun tech project, and trying to be eco-friendly. No one in their right mind switch to solar power to save on electricity bills, cause solar is way more expensive than other sources in most parts of the world.

So true and like you said, mainly off-grid cause is stupid going solar if you pay less than $0.20 per khw but i guess some people will never understand what you said because for them once they break even they get free power which is a lie cause there a constant maintenance for that electricity and in the end is tends to be a lot more expensive than most power providers offer and a lot more work, mining is the same thing, too much work for peanuts right now, why mine while you can buy coins cheaper than you would pay to produce, these prices will not last long cause the people selling right now are losing everytime they sell/cash out for usd or other currency.

Don't spread FUD.

If your'e scrappy and hustle you can get an 8kW array (US or EU panels) with hybrid inverter + mounting for $8000 USD. The battery depending on chemistry will be another $2000 - $6000 - also factoring in sizing, depth of discharge, etc.

Theres no maintenance if you install properly, maybe occasionally dusting off the panels if your climate is like that.

The payback ~2 years at 95%+ utilization if you're paying $0.10/kW from the utility

[Metroid]

Don't spread FUD.

If your'e scrappy and hustle you can get an 8kW array (US or EU panels) with hybrid inverter + mounting for $8000 USD. The battery depending on chemistry will be another $2000 - $6000 - also factoring in sizing, depth of discharge, etc.

Theres no maintenance if you install properly, maybe occasionally dusting off the panels if your climate is like that.

The payback ~2 years at 95%+ utilization if you're paying $0.10/kW from the utility

You have to change the battery often, it will last only few cycles, your 2 years is misleading, more like 10 years if you pay $0.10 per khw and 20 years if $0.20 per khw. Panels last only 10 years or so, some trolls say 20 years which is also misleading cause  okay 20 years and 30% of what used to offer at beginning, panels degrade with time, you have to change them. There is no end to solar power maintenance.

[wacko]

I'm one of GTX 1070 holder here that has been selling it for month. No luck at all.

How much are you asking for it?

[DevelopmentBank]

Don't spread FUD.

If your'e scrappy and hustle you can get an 8kW array (US or EU panels) with hybrid inverter + mounting for $8000 USD. The battery depending on chemistry will be another $2000 - $6000 - also factoring in sizing, depth of discharge, etc.

Theres no maintenance if you install properly, maybe occasionally dusting off the panels if your climate is like that.

The payback ~2 years at 95%+ utilization if you're paying $0.10/kW from the utility

You have to change the battery often, it will last only few cycles, your 2 years is misleading, more like 10 years if you pay $0.10 per khw and 20 years if $0.20 per khw. Panels last only 10 years or so, some trolls say 20 years which is also misleading cause  okay 20 years and 30% of what used to offer at beginning, panels degrade with time, you have to change them. There is no end to solar power maintenance.

This is why new solutions like GRID-TIED solar arrays are more profitable and easier to maintain. Just freakin plug the inverter into your normal circuit and you are good to go. I feel that solar setups using batteries are not profitable and are for those doomsday preppers who expect the whole world to explode.

Solar can be profitable, if you know what you are doing.

[Metroid]

This is why new solutions like GRID-TIED solar arrays are more profitable and easier to maintain. Just freakin plug the inverter into your normal circuit and you are good to go. I feel that solar setups using batteries are not profitable and are for those doomsday preppers who expect the whole world to explode.

Solar can be profitable, if you know what you are doing.

Well my reply was for off-grid, grid tied totally eliminates the battery if done correctly, many power providers offer the service however most want to buy your electricity for much less than what they sell to you, they are such trolls hehe

[e97]

Don't spread FUD.

If your'e scrappy and hustle you can get an 8kW array (US or EU panels) with hybrid inverter + mounting for $8000 USD. The battery depending on chemistry will be another $2000 - $6000 - also factoring in sizing, depth of discharge, etc.

Theres no maintenance if you install properly, maybe occasionally dusting off the panels if your climate is like that.

The payback ~2 years at 95%+ utilization if you're paying $0.10/kW from the utility

You have to change the battery often, it will last only few cycles, your 2 years is misleading, more like 10 years if you pay $0.10 per khw and 20 years if $0.20 per khw. Panels last only 10 years or so, some trolls say 20 years which is also misleading cause  okay 20 years and 30% of what used to offer at beginning, panels degrade with time, you have to change them. There is no end to solar power maintenance.

Well if you're not careful you'll still blow something up but if you do you're research, power from the sun aint bad.

Use Lithium-ion or newer chemistries, you'll get quite a few years and 80%+ DoD, no  battery changing
Panels made in 2013+ degrade 10% after 6+ years and are rated to produce at least 80% after 20+ years or replaced free under warranty.

This is why new solutions like GRID-TIED solar arrays are more profitable and easier to maintain. Just freakin plug the inverter into your normal circuit and you are good to go. I feel that solar setups using batteries are not profitable and are for those doomsday preppers who expect the whole world to explode.

Solar can be profitable, if you know what you are doing.

Well my reply was for off-grid, grid tied totally eliminates the battery if done correctly, many power providers offer the service however most want to buy your electricity for much less than what they sell to you, they are such trolls hehe

If you grid tie with solar you can usually negotiate time of day rates and negotiate <0.06/kW at night depending on the area.

Yea non-1:1 net metering is a huge rip off. gotta email your local politician to vote against that shit.

[revenant2017]

There are over supply of GTX Cards in the market. I highly suggest to sell it the lowest price possible(Competition Wise). Because you'll never knew the next day, the price you're trying to sell it, looks over price to others. I'm one of GTX 1070 holder here that has been selling it for month. No luck at all.

I will keep my cards as there could be a sudden rise of mining profit if the market turns.

Sadly, you're wrong. There will be new cards in the market so technically there would be a huge gap between the new cards and older cards in terms of hashrate/power cost profitability. The Pascal cards will soon become not profitable for mining.

[skisport92]

if you look at the fact that people don't always understand what you are doing, maybe not the price of production of a thing))) joke

[skisport92]

it's easier to speculate. production has become too expensive and unjustified. for half a year of mining you can trade so much!

[Bananana]

Sell the rigs before the price crash further, its already unprofitable before FPGA comes to market. I wonder what happen when it does.

[vodafone228]

There are still months away before FPGA being widely used.  The popular models are running into supply problem, and the mining software is limited so only handful of algo can be mined at the moment (except those programmed privately). 
I would say same goes to the new GPU, the supply will be very limited in the first few months.  You won't be in a huge disadvantage until a year later if you mine with current generation of GPU.

[toptek12]

These are just cheap Chinese panels. You do realize that to get stable electricity working you need a shitload of other expensive stuff? Batteries and all the controlling electronics etc. Solar power is not cheap, it's one of the most expensive ways to get electricity at the moment actually. People that go for it are mostly interested in being "off the grid", doing a fun tech project, and trying to be eco-friendly. No one in their right mind switch to solar power to save on electricity bills, cause solar is way more expensive than other sources in most parts of the world.

So true and like you said, mainly off-grid cause is stupid going solar if you pay less than $0.20 per khw but i guess some people will never understand what you said because for them once they break even they get free power which is a lie cause there a constant maintenance for that electricity and in the end is tends to be a lot more expensive than most power providers offer and a lot more work, mining is the same thing, too much work for peanuts right now, why mine while you can buy coins cheaper than you would pay to produce, these prices will not last long cause the people selling right now are losing everytime they sell/cash out for usd or other currency.

Don't spread FUD.

If your'e scrappy and hustle you can get an 8kW array (US or EU panels) with hybrid inverter + mounting for $8000 USD. The battery depending on chemistry will be another $2000 - $6000 - also factoring in sizing, depth of discharge, etc.

Theres no maintenance if you install properly, maybe occasionally dusting off the panels if your climate is like that.

The payback ~2 years at 95%+ utilization if you're paying $0.10/kW from the utility

I have solar and save any were from 20 to 110 a month on Electricity depends on the weather and time of year, an i mine with four rigs and run a few outdated ASIC miner from time to time using solar and use more Electricity now and pay less. to me there full of it to ...I'm on grid were I live have to be by law i can't go off grid. my whole house is on solar.


Solar is cheat, unless you don't shop around . I hate to see others mislead others to  ...

an my power company is greedily an asking my state to raise rates for there investor get that there investor the power company doesn't need it but there backer do,greedily fucker.

solar was cheaper in the US and going down till trump put that lame ass import/export tax on it. on if they don't want to put solar on there house join a solar farm an save in most states you can, if you live in the US some states have to offer it the power company can't stop it by law,they do try though by trying to make some states charge a solar tax by lobbying.
The US is so Corrupt right now it's not funny, none of those trying to take out the US need the money it's BS if they say things cost to  much it's there greedy Corrupt ways that fucks us that includes mining and gear .

[toptek12]

make free electricity, then your miner will always be profitable (as long as Cryptocurrency is worth).

There is no free electricity in the world other than sunbath, if somebody does not receive the bill to pay then trust me somebody will pay that bill, also if people use solar power and they say they have free electricity then they are lying cause one way or the other they or somebody else have paid for that electricity they claim is free.

I Agree some one pays it, i dislike using the term " Free electricity" because i know some one pays it one way or the other so it's not free even if you have renewal it's not free and in most states in the US if you live here by law you can't go off grid.

[d57heinz]

The only future for mining is at scale. https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html  The trend of all mineable coins tell the real story here. Stop lining the pockets of these asic manufacturers. They understand this all too well.  I really think that this project could fall on its face. Yes some good things came from crypto but all in all I think we seen our ath.  ESP with it being a 2-3 year bear market this will be the end of most at home miners.  Unless your not paying the power bill. But someone has to right?   Your robbing peter to pay Paul at that point.  I’ve learned my lesson.  Try to take on the established system and you get a good hard slapping.  Right where it hurts the most. Your money. Or in another words your ability to live and eat is in jeopardy.  Yea they will say don’t invest more than you can afford to lose.  Damn were they right.  Cuz when it’s manipulated to the nth degree you are guaranteed to lose your ass.  Don’t be a rube to this system.  Mining is dead.  And if crypto really depended on decentralization like they all want you to believe then some if not all these coins should be worthless.  But as in this crazy world what’s right is wrong and what’s wrong is right so I expect nothing less here.  Just a great smoke screen to part people of their money.  It’s really a damn shame.  

[swogerino]

The only future for mining is at scale. https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html  The trend of all mineable coins tell the real story here. Stop lining the pockets of these asic manufacturers. They understand this all too well.  I really think that this project could fall on its face. Yes some good things came from crypto but all in all I think we seen our ath.  ESP with it being a 2-3 year bear market this will be the end of most at home miners.  Unless your not paying the power bill. But someone has to right?   Your robbing peter to pay Paul at that point.  I’ve learned my lesson.  Try to take on the established system and you get a good hard slapping.  Right where it hurts the most. Your money. Or in another words your ability to live and eat is in jeopardy.  Yea they will say don’t invest more than you can afford to lose.  Damn we’re they right.  Cuz when it’s manipulatrd to the bth degree you are guaranteed to lose your ass.  Don’t be a rube to this system.  Mining is dead.  And if crypto really depended on decentralization like they all want you to believe then some if not all these coins should be worthless.  But as in this crazy world what’s right is wrong and what’s wrong is right so I expect nothing less here.  Just a great smoke screen to part people of their money.  It’s really a damn shame. 

Not really. The mining is not yet dead. There are persons who believe in it. They mine even at a loss and they pay the electricity bill because they look into a greater picture which is the long term profitability of the cryptos. I believe that the market will recover soon and smart people will be the ones who never stopped mining no matter the problems you pose in your post.

[d57heinz]

The only future for mining is at scale. https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html  The trend of all mineable coins tell the real story here. Stop lining the pockets of these asic manufacturers. They understand this all too well.  I really think that this project could fall on its face. Yes some good things came from crypto but all in all I think we seen our ath.  ESP with it being a 2-3 year bear market this will be the end of most at home miners.  Unless your not paying the power bill. But someone has to right?   Your robbing peter to pay Paul at that point.  I’ve learned my lesson.  Try to take on the established system and you get a good hard slapping.  Right where it hurts the most. Your money. Or in another words your ability to live and eat is in jeopardy.  Yea they will say don’t invest more than you can afford to lose.  Damn we’re they right.  Cuz when it’s manipulatrd to the bth degree you are guaranteed to lose your ass.  Don’t be a rube to this system.  Mining is dead.  And if crypto really depended on decentralization like they all want you to believe then some if not all these coins should be worthless.  But as in this crazy world what’s right is wrong and what’s wrong is right so I expect nothing less here.  Just a great smoke screen to part people of their money.  It’s really a damn shame. 

Not really. The mining is not yet dead. There are persons who believe in it. They mine even at a loss and they pay the electricity bill because they look into a greater picture which is the long term profitability of the cryptos. I believe that the market will recover soon and smart people will be the ones who never stopped mining no matter the problems you pose in your post.

I have a bit of issue on the smart people mining at a loss.  They only look smart if this actually recovers.  What will you say of them if the price dumps to 0.  Anyway I shouldn’t have said mining is dead your right there.  Mining with possibility of roi and turning a small profit is dead.  Unless you can dump millions into it. So again this goes right up to those with money.  Yes crypto has a long long hard road ahead of it.  It’s ideals are falling on its face

[vodafone228]

I don't understand mining at loss too.  If you believe in future of crypto you should buy at market price, instead of mining at loss.  You can buy more coins for the money than mining it.

[d57heinz]

One more thing.  It’s not even the money I invested that burns my ass.  It’s the countless hours being up through the night worrying about whether I had anything left to my name.  Pump and dump overnight has ruined so many.  Checking on miners staying up t date on code etc. I gave it my all to help support the network.  I even overlooked technical flaws hoping that it would flourish.  I see now crypto has become a rich mans trick.  Mostly run by Bitmain.  If that doesn’t turn you off then you don’t understand what was trying to be done with crypto.  And that’s a sad story in itself

[d57heinz]

I don't understand mining at loss too.  If you believe in future of crypto you should buy at market price, instead of mining at loss.  You can buy more coins for the money than mining it.

i

If your mining and not selling asap then you are not doing it with your best intentions in mind.  Do what’s best for you is what crypto is about.  Be your own bank.  Fuck relying on others to be the determining factor as to whether I make it or not.  That’s what your doing by mining and holding coins. Hoping that others will come along and give a boost to your profits.  I say mine and sell immediately. The juice isn’t worth the squeeze as I like to say.  The risks far outweigh the rewards in this game.