is it still profitable? How many rigs do the big boys still have...

[ximae]

I stopped mining in july, too little profit to deal with the heat, and sold most of of my gpus. I kept a couple, one at each location i mine ( home and work). I just started again with them, its getting colder now so its basically free heating and a small 1$ day profit ( a 1080ti can basically still do like 50c day after electricity) after 0.12 electric cost. which i basically just trade for btc and hodl it in case sometime the next couple of years it takes off again.

once it starts getting warmer again ill stop unless the situation has changed drastically.

[1715639354]

1715639354

[1715639354]

1715639354

[1715639354]

1715639354

[Exoskeleton]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

[Za1n]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

It might have been the mantra but that doesn't make it incorrect. The GPUs used back in 2012/2013 would have been very inefficient compared to the newer ones available in 2016/2017 when home mining made its comeback.

Sure if you hung on to your gear from 2012/2013 you would have made some additional profits in 2016/2017, but you would have made more money by selling your gear off back in 2014 when it still had value and with that money either bought coins directly when they were cheap or invested in newer cards in early 2016 when mining started becoming profitable again. Mining is cyclic which seems to take 4-5 years to work through the entire boom/bust phase, well GPU technology and efficiency changes quite a bit in those 4 to 5 years to expect your old hardware to compete when the new cycle hits.

So yes in 5 years we will be hearing the same thing and people will be home mining, but they will be mining with new GPUs not even available yet that will outperform your current cards by 2-3 times. I also say sell them off now while they still may have some worth and either save the money for new cards in 1-2 more years, or better yet just buy some coins outright while they are cheap and just hang on for the next cycle.

[gotminer]

I had two rigs with 12 GPU total. 377mh/s. i shut them down like 4 months ago.

Every month i make my calculations, considering the price of the coin, electricity costs, and heat related issues (specially where i live because it's hot here in Spain).

Reality matters the most for me.

1º i DO NOT THINK THIS MARKET WILL RECOVER

2º There will be NO BULL RUN IN DECEMBER.

3º ETH is not doing well, no important projects are making contracts with it, and the amount of money received by smart contracts is not being said, so if the one that has to "pump" the hype among investors, is not doing it, just put yourself in the worst scenario possible.

if i had been mining during the last 4 months, i would have payed something around 340$ only for the machines, every two months, so 680$ of electricty generated by machines,  but generating around 0,70-0.80 ETH a month, i would have lost around 7 $ a month if i sold for cash to pay bills WITH NO GARANTEE THAT HOLDING I WOULD DO BETTER.


So for me, the decision to stop machines WAS A VERY GOOD DECISION. For me, this market is dying and it's obvious. 

You got in it for the wrong reasons.

[Exoskeleton]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

It might have been the mantra but that doesn't make it incorrect. The GPUs used back in 2012/2013 would have been very inefficient compared to the newer ones available in 2016/2017 when home mining made its comeback.

Sure if you hung on to your gear from 2012/2013 you would have made some additional profits in 2016/2017, but you would have made more money by selling your gear off back in 2014 when it still had value and with that money either bought coins directly when they were cheap or invested in newer cards in early 2016 when mining started becoming profitable again. Mining is cyclic which seems to take 4-5 years to work through the entire boom/bust phase, well GPU technology and efficiency changes quite a bit in those 4 to 5 years to expect your old hardware to compete when the new cycle hits.

So yes in 5 years we will be hearing the same thing and people will be home mining, but they will be mining with new GPUs not even available yet that will outperform your current cards by 2-3 times. I also say sell them off now while they still may have some worth and either save the money for new cards in 1-2 more years, or better yet just buy some coins outright while they are cheap and just hang on for the next cycle.

You my friend are not wrong. Thats exactly the move to have made in 2014, and this is that all over again.

I'm debating the wisdom of selling off the last of my GPUs right now. Gotta keep a few for free heat at least. I probably will sell whats left though and buy/hold BTC with that money. When things start to take off again in 6mo-2 years I'll buy back in with better gear and be able to afford 2 to 1 what I have right now.

[Marvell2]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

It might have been the mantra but that doesn't make it incorrect. The GPUs used back in 2012/2013 would have been very inefficient compared to the newer ones available in 2016/2017 when home mining made its comeback.

Sure if you hung on to your gear from 2012/2013 you would have made some additional profits in 2016/2017, but you would have made more money by selling your gear off back in 2014 when it still had value and with that money either bought coins directly when they were cheap or invested in newer cards in early 2016 when mining started becoming profitable again. Mining is cyclic which seems to take 4-5 years to work through the entire boom/bust phase, well GPU technology and efficiency changes quite a bit in those 4 to 5 years to expect your old hardware to compete when the new cycle hits.

So yes in 5 years we will be hearing the same thing and people will be home mining, but they will be mining with new GPUs not even available yet that will outperform your current cards by 2-3 times. I also say sell them off now while they still may have some worth and either save the money for new cards in 1-2 more years, or better yet just buy some coins outright while they are cheap and just hang on for the next cycle.

selling gpus into a downturn is stupid af, the time to sell them was when there was a scarcity
its one thing if vega and 2000 series were say like double the power or efficiency but they barely push
20 percent better than polaris and 10x

better to hold

[octominer]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

It might have been the mantra but that doesn't make it incorrect. The GPUs used back in 2012/2013 would have been very inefficient compared to the newer ones available in 2016/2017 when home mining made its comeback.

Sure if you hung on to your gear from 2012/2013 you would have made some additional profits in 2016/2017, but you would have made more money by selling your gear off back in 2014 when it still had value and with that money either bought coins directly when they were cheap or invested in newer cards in early 2016 when mining started becoming profitable again. Mining is cyclic which seems to take 4-5 years to work through the entire boom/bust phase, well GPU technology and efficiency changes quite a bit in those 4 to 5 years to expect your old hardware to compete when the new cycle hits.

So yes in 5 years we will be hearing the same thing and people will be home mining, but they will be mining with new GPUs not even available yet that will outperform your current cards by 2-3 times. I also say sell them off now while they still may have some worth and either save the money for new cards in 1-2 more years, or better yet just buy some coins outright while they are cheap and just hang on for the next cycle.

selling gpus into a downturn is stupid af, the time to sell them was when there was a scarcity
its one thing if vega and 2000 series were say like double the power or efficiency but they barely push
20 percent better than polaris and 10x

better to hold

If the electricity price allows it for you then yes, it's better to HODL the gear also.

[swogerino]

Selling graphic cards is indeed a stupid thing to do but selling them in favour of buying new more powerful ones with a little bit of extra money is not stupid at all.

I think what is happening with the market right now is as the saying "becoming quiet before the storm" and I believe we will have a beautiful upside storm during middle of 2019 and up.

[Jjphotos]

This is interesting as I'm just considering starting small in mining, more for technical interest and to link to a pool, as I have an old PC I could use with just a single GPU for now, that way I only have the cost of the actual GPU to consider. Anyone with any suggestions as to which GPU to look at right now. I was looking at a Vega64 or Vega56 yesterday on Amazon UK and this morning, thinking it may be a tad lower for black friday I was surprised to see it's £100 more than yesterday. Cheeky buggers.

I could probably put the box in my office, depending how noisy it is, so the cost of the electricity may not be quite so important for me...

[jardine]

1) I m sure that mining is still profitable, but you need much time to search new and low difficulty
coins - they can give good profit, if you come in early.

2) Also now is perfect time to buy used GPU-rigs from people who decide sold them for cheap.
If you have affordable electricity cost it can be a beneficial deal for you.

[Intristing]

I stopped mining in july, too little profit to deal with the heat, and sold most of of my gpus. I kept a couple, one at each location i mine ( home and work). I just started again with them, its getting colder now so its basically free heating and a small 1$ day profit ( a 1080ti can basically still do like 50c day after electricity) after 0.12 electric cost. which i basically just trade for btc and hodl it in case sometime the next couple of years it takes off again.

once it starts getting warmer again ill stop unless the situation has changed drastically.

I do the same. The only difference is that my electricity is higher at $0.18. So I use the miner for heating.

[EdgeOfSanity]

9 rigs, 66 gpus, 60/40 split 1070ti/1080ti, $.09/kwh for electric. Mining shitcoins, still profitable.

[moneymakescents777]

Instead of mining just find undervalued crypto’s. Much better value doing research https://youtu.be/A7EwZVOQ6BQ

[gotminer]

I had two rigs with 12 GPU total. 377mh/s. i shut them down like 4 months ago.

Every month i make my calculations, considering the price of the coin, electricity costs, and heat related issues (specially where i live because it's hot here in Spain).

Reality matters the most for me.

1º i DO NOT THINK THIS MARKET WILL RECOVER

2º There will be NO BULL RUN IN DECEMBER.

3º ETH is not doing well, no important projects are making contracts with it, and the amount of money received by smart contracts is not being said, so if the one that has to "pump" the hype among investors, is not doing it, just put yourself in the worst scenario possible.

if i had been mining during the last 4 months, i would have payed something around 340$ only for the machines, every two months, so 680$ of electricty generated by machines,  but generating around 0,70-0.80 ETH a month, i would have lost around 7 $ a month if i sold for cash to pay bills WITH NO GARANTEE THAT HOLDING I WOULD DO BETTER.


So for me, the decision to stop machines WAS A VERY GOOD DECISION. For me, this market is dying and it's obvious. 

Normie tryin to mine and trade 

[nsummy]

It's already over for the home miners, the only people making big profits are the giant farms with extremely low electricity.  It was fun while it lasted but I suggest selling off your GPUs before they become worthless.  Maybe if you have solar power or really cheap electricity you can continue mining but for most people it is not worth it anymore in the slightest.

I have to say, this was exactly the mantra back in 2012/2013. For real.

Yet here we are. I bet we will be hearing the same thing in 5 years, yet people will still be mining at home for a small profit.

It might have been the mantra but that doesn't make it incorrect. The GPUs used back in 2012/2013 would have been very inefficient compared to the newer ones available in 2016/2017 when home mining made its comeback.

Sure if you hung on to your gear from 2012/2013 you would have made some additional profits in 2016/2017, but you would have made more money by selling your gear off back in 2014 when it still had value and with that money either bought coins directly when they were cheap or invested in newer cards in early 2016 when mining started becoming profitable again. Mining is cyclic which seems to take 4-5 years to work through the entire boom/bust phase, well GPU technology and efficiency changes quite a bit in those 4 to 5 years to expect your old hardware to compete when the new cycle hits.

So yes in 5 years we will be hearing the same thing and people will be home mining, but they will be mining with new GPUs not even available yet that will outperform your current cards by 2-3 times. I also say sell them off now while they still may have some worth and either save the money for new cards in 1-2 more years, or better yet just buy some coins outright while they are cheap and just hang on for the next cycle.

selling gpus into a downturn is stupid af, the time to sell them was when there was a scarcity
its one thing if vega and 2000 series were say like double the power or efficiency but they barely push
20 percent better than polaris and 10x

better to hold

Thanks for the advice captain obvious.  The issue is that when there was scarcity, it was very profitable!  Yes it would have been best to sell at the top.  You could say that about literally anything.  There is an opportunity cost with keeping your gpus.  You can hold onto them, make pennies, and hope things improve drastically in the near term, or sell them and put the money to work in other ways.

[martincooo]

Selling graphic cards is indeed a stupid thing to do but selling them in favour of buying new more powerful ones with a little bit of extra money is not stupid at all.

From my point of view, i'm considering to sell all of the GPU's, only so i can buy new coins again. Currently, there is no point of mining when electricity is ~75+ % of the whole income. And again, if i take the money that i pay for electricity, i can buy more coins that i mine..

[dragonmike]

Personally, at $0.16/KWh my polaris rigs are not profitable anymore. My Vegas and 1080's are still churning but basically just for show as they make about a buck a day each.

So I'm spec mining a bit, solo-mining some, trying out stuff. I've got a potential free-power hosting opportunity coming up so I'm keeping all rigs and take it as it comes.

[Ljunior]

I don't sell my mining rig and I don't buy any coins for the current sitution. atm, if you have a lot of money better investing in other assets 

[Ryzen2700x]

I think that next year when 7nm GPU's will come out + 7NM ASIC's then the CRYPTO world will start to come to life again.
Also in future we gonna have MCM GPU design that will make 1080TI like ~GTX 1060/1050. 7NM wide spread is the key for the CRYPTO world!.

[Bulitt]

As of now the only rigs that are profitable are the Vega and 1080ti rigs that are giving a better hash per watt efficiency. All of us with older rigs are finally out of the picture completely. The good news is that the cards that are now obsolete for mining are still perfectly capable of playing all but the latest games at high/ultra settings, and can still make the latest games playable on lower settings. Now is the window to sell the GPU's while they can still play games.