Bitcoin Forum
December 11, 2017, 09:42:51 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: why are profits dropping so fast?  (Read 3773 times)
niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
March 02, 2014, 10:17:59 PM
 #41

There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.

Don't get me wrong though, the profits right now are still pretty comparable to a year ago.

That said, don't expect to make ROI that quickly in general in the GPU mining scene.


Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?

1512985371
Hero Member
*
Offline Offline

Posts: 1512985371

View Profile Personal Message (Offline)

Ignore
1512985371
Reply with quote  #2

1512985371
Report to moderator
1512985371
Hero Member
*
Offline Offline

Posts: 1512985371

View Profile Personal Message (Offline)

Ignore
1512985371
Reply with quote  #2

1512985371
Report to moderator
1512985371
Hero Member
*
Offline Offline

Posts: 1512985371

View Profile Personal Message (Offline)

Ignore
1512985371
Reply with quote  #2

1512985371
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1512985371
Hero Member
*
Offline Offline

Posts: 1512985371

View Profile Personal Message (Offline)

Ignore
1512985371
Reply with quote  #2

1512985371
Report to moderator
1512985371
Hero Member
*
Offline Offline

Posts: 1512985371

View Profile Personal Message (Offline)

Ignore
1512985371
Reply with quote  #2

1512985371
Report to moderator
hellscabane
Legendary
*
Offline Offline

Activity: 896



View Profile
March 02, 2014, 10:36:49 PM
 #42

There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.

Don't get me wrong though, the profits right now are still pretty comparable to a year ago.

That said, don't expect to make ROI that quickly in general in the GPU mining scene.


Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?

I should clarify and state that I think the current affect in the mining realm is that people are starting to consolidate costs in anticipation for the more powerful ASICs that are possible to be produced within this year; so that is affecting mining.

Currently, at the moment, there are Gridseeds, which are pretty solid (300 kH/s at 7 W/h) overclockable to 400 kH/s but I wouldn't say that those are enough to "kill" GPU mining for Litecoins and its clones. However, I feel fairly confident in at least one of the other major designers producing sometime this year. If (and despite my confidence, there is still a modicum of doubt) everything comes to fruition, that's looking at a possible influx of up to 200 GH/s within the first few waves.
fcmatt
Legendary
*
Offline Offline

Activity: 1204



View Profile
March 02, 2014, 10:40:53 PM
 #43

There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.

Don't get me wrong though, the profits right now are still pretty comparable to a year ago.

That said, don't expect to make ROI that quickly in general in the GPU mining scene.


Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?

It is not killing gpu mining yet and if prices for scrypt coins keep falling the interest in paying up for these asics will wane. It basically takes, using round numbers, 10,000 khash/sec to make 0.1 btc per day. So those buying asics are in it for the long term to lower energy costs... Not a mad rush yet cause the numbers are not overwhelming to rush out and buy them.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
defaced
Legendary
*
Offline Offline

Activity: 1652


Franko is Freedom


View Profile WWW
March 02, 2014, 10:56:32 PM
 #44

people are scared. good time to buy though.

Fortune Favors the Brave
Borderless CorpEXPANSETokenlabEXREXP.LIFEFranko Is Freedom
kelsey
Legendary
*
Offline Offline

Activity: 1638


View Profile
March 02, 2014, 11:03:17 PM
 #45

people are scared. good time to buy though.

+1

"buy when there's blood on the street even if the bloods your own"

faraway
Sr. Member
****
Offline Offline

Activity: 340


View Profile
March 02, 2014, 11:17:17 PM
 #46

people are scared. good time to buy though.

+1

"buy when there's blood on the street even if the bloods your own"



+1, Anyway we have now a huge release of useless new coins, aiming a single pump and dump; And with the Mt GOX  issues, it will take time for a full market recovery.
niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
March 02, 2014, 11:44:15 PM
 #47

people are scared. good time to buy though.

+1

"buy when there's blood on the street even if the bloods your own"



+1, Anyway we have now a huge release of useless new coins, aiming a single pump and dump; And with the Mt GOX  issues, it will take time for a full market recovery.

When I look at http://coinmarketcap.com/2.html , places 100 to 140 ,I don't know what to do , laugh or cry.
Why do people continue to make those coins right now it's beyond me.

And those are the coins that got an exchanger , not the ones that are still in the dark.

fcode
Full Member
***
Offline Offline

Activity: 165


View Profile
March 03, 2014, 02:16:54 PM
 #48

The fact is, a change to any coin's algorithm will make all the ASIC hardware worthless. This could be a selling feature of alt-coins in that they require general purpose and easily available computing devices to mine and are more fair to the general population.
wasamata
Full Member
***
Offline Offline

Activity: 210


View Profile
March 03, 2014, 02:35:04 PM
 #49

gridseed  Huh
leafer
Newbie
*
Offline Offline

Activity: 25


View Profile
March 03, 2014, 02:54:04 PM
 #50

hope they will be up again.

Sharecoin SXUVT2iMQ3h2zvpKwL9ajDqTxGFvaiLpaZ
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!