MiNinG iS DeAd

[almonk]

Isn't it is more like investing when you pick, mine, hodl and sell.

If you have the patience to HODL you can get lucky. I wish I had read this advice and paid attention to it in early 2017. I would have made at least $200K.

There are some great projects out there with really interesting and innovative ideas behind them - especially amongst the various coins that use variants of the cryptonight algorithm.

Of course about 90% of coins are either scams or will never really take off, but part of the fun of this hobby (if it is a business to you I pity you) is picking the good ones.

[1715596202]

1715596202

[GuillaumeM1]

Same question over and over

Basically, it's a question of cost of electricity and how you cool down your room (if you have several rigs). I have 25 rigs and it's still profitable for me but not as much as it was.

Anyway I believe in ETH, So HODL as much as I can until the next bullish movement!

www.cruxpool.com

[leowonderful]

It’s gotten less profitable for me to the point that I’m scrapping a lot of rigs and selling them for parts and just investing my money that I used to have saved for buying more rig parts into just buying coins or investing them elsewhere, like in crypto casinos or to exchanges. Most of my rigs aren’t making much anymore, and it’s not even worth my time to run them for the few dollars a month I earn per card. With coin prices as low as they are now, it isn’t a bad time to just buy and hold.

[Metroid]

It’s gotten less profitable for me to the point that I’m scrapping a lot of rigs and selling them for parts and just investing my money that I used to have saved for buying more rig parts into just buying coins or investing them elsewhere, like in crypto casinos or to exchanges. Most of my rigs aren’t making much anymore, and it’s not even worth my time to run them for the few dollars a month I earn per card. With coin prices as low as they are now, it isn’t a bad time to just buy and hold.

This is the right thing to do, sell your gpus for money and use the money to buy coins, mining is dead. If you have the money then buy the coins.

[solarion]

Mining is the backbone of cryptocurrrency it will never died but once internet will lost in future all the cryptocurrencies are died in the world so entire crypto resources are stop the working. So it is impossible in future because day by day some new projects are enter into market it is going to upward. Bitcoin mining is still alive in the market so altcoins are right place to mine in this scenario and GPU mining is more secure way to earn profit so don't go with Cloud mining in crypto.

[codegnome]

The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.

[Raja_MBZ]

The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.

Really? Why not just "buy" the coins directly instead of "paying more" for their electric bill of mining?

[willy35]

Mining with GPU is not dead, and can still be very profitable. The downside is you have to read a lot, take more time founding a little gem, and sometime hash for nothing because of scam.

Once you face many scams, you will have more feeling to found the little gem 

[Tailgunner]

The matter is simple, if you believe that altcoins will once again grow and give a good earnings, then just mine further without looking at the cost of electricity.

Really? Why not just "buy" the coins directly instead of "paying more" for their electric bill of mining?

Exactly! mining at a loss is the same thing at buying above market price.

[shield132]

OP from your posts it seems like you blame everyone who made a better move than you and buy asic miners or instead of eth mining, they chose other coins.
Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.

[MOAMiner]

...I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.

I'll second this - those are very versatile, especially 1070Ti

[BennyT]

Profitable or not the writing is on the wall. Mining needs to die. It’s just not sustainable. It was good to start but now needs to change. No matter how you spin your profits it’s better to sell the equipment today and (smartly) invest those funds. Blockchain will evolve and mining can’t be the future.

[badbart]

Lol, if you think you will make abnormally high profits for extended periods of time.  The bear market will ring out the weak hands and fly by night morons who bought 1k gpus.  If you have low electricity cost and bought equipment at a decent price your fine.

Or you can do what 90% of investors do buy high and sell low!

[Mattthev]

OP from your posts it seems like you blame everyone who made a better move than you and buy asic miners or instead of eth mining, they chose other coins.
Don't be so catty, yeah I hate Bitmain for what they do but what to do? They cracked ethash, so they deserve their built asic miner, it didn't come from air. Also when you call others noob, don't you think that you are this at first?
There were given good advices, sell gpus and hold coins or I suggest to move on Nvidia gtx1070ti/1080 and higher and mine other coins, these GPUs are amazing.

Those are a bit expensive for most miners... but yeah they are very good for core intensive algos.
Most miners are fine with older cheap RX 470 and 480 8GB they are awesome for CN-Heavy and all 4GB are still very good for Monero V8 and other CNv2 coins.
Of course with bios mod, but even if you use my guide for bios mod or PBE 1.7 you still have really good results and with paid timings it is even better
And if we talk about ETH and XMR, Vegas are the best price/performance and almost comparable to Nvidias with power consumption.

[netto7]

who say mining is dead 90% is start mining around july-dec  2017.

mining is not dead yet but profit is less than 2017 i think if you can pass this year next year is better

[peteycamey]

its not dead yet, but surely suffering.

just be patient, things will improve eventually.

[umine]

unless you know what you are doing

i started mining last july

my rigs have been paid off by the value of my altfolio

currently, it costs me about $12 per day to mine about $30 worth of ethereum per day

in the current market conditions, thats pretty damn good

so for the noobies

MiNinG iS DeAd, unless you know what you are doing

In the same sentence you told that mining is dead and in the same time you get 30$ with 12$ operating costs (only 40% of total amount - it's very good now). So 18$ pure profit!
Looks like provoke

[swogerino]

I don't know how you make your calculations but they don't sound right. They can be right only if you have free electricity and by 12 dollars daily as cost you take your initial investment at the price you bought the rigs or mining devices.

Nowadays conditions are not worthy anymore, even at the 0.09 dollars/kilowatt energy cost. My colleagues turned their rigs off because one rig with 6 Rx 580 was making 0.0036 bitcoin weekly and 0.015 almost monthly, that is only about 90-92 dollars, they paid energy for a rig 80 dollars so for just 12 dollars monthly profit was not a good idea to keep the rigs on, not worthy.

This is the big picture in Gpu mining nowadays.

[Garou]

dont know mining is dead or not but we almost die if the market draws horizontal more

There was always profitabel coins to mine other than eth but their diffulcuty increases too fast on low market.
People change the pools so fast as never done.

[Mattthev]

I don't know how you make your calculations but they don't sound right. They can be right only if you have free electricity and by 12 dollars daily as cost you take your initial investment at the price you bought the rigs or mining devices.

Nowadays conditions are not worthy anymore, even at the 0.09 dollars/kilowatt energy cost. My colleagues turned their rigs off because one rig with 6 Rx 580 was making 0.0036 bitcoin weekly and 0.015 almost monthly, that is only about 90-92 dollars, they paid energy for a rig 80 dollars so for just 12 dollars monthly profit was not a good idea to keep the rigs on, not worthy.

This is the big picture in Gpu mining nowadays.

Easy to spot problem in here. They need better bios mod... good timings and undervolting. Maybe also mine different coin.