Bitcoin Forum
September 19, 2020, 06:12:18 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: is it still profitable? How many rigs do the big boys still have...  (Read 1118 times)
RMBlockchain
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
November 13, 2018, 03:37:27 PM
 #1

Are you profiting with ETH or other Altcoins?

Whats your outlook?

How are the big boys doing... are you one of them? what's the electricity to profit ratio/conversions?
1600495938
Hero Member
*
Offline Offline

Posts: 1600495938

View Profile Personal Message (Offline)

Ignore
1600495938
Reply with quote  #2

1600495938
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
shield132
Hero Member
*****
Offline Offline

Activity: 1596
Merit: 655



View Profile
November 13, 2018, 06:28:37 PM
 #2

Are you profiting with ETH or other Altcoins?

Whats your outlook?

How are the big boys doing... are you one of them? what's the electricity to profit ratio/conversions?
I am not a big boy in mining but mine as I can. Was collecting money and bought 8 gtx1070ti one year ago, price was acceptable too, in winter had great time for 2 week and ROIed 20% in these two week. Now mine most profitable coin according to whattomine.com and exchange to ether and bitcoin, withdraw some of them.
Worths for me to mine, is very energo effective compared to others + electricity isn't expensive for me.

stomachgrowls
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 614


www.Crypto.Games: Multiple coins, multiple games


View Profile
November 13, 2018, 10:30:52 PM
 #3

Are you profiting with ETH or other Altcoins?

Whats your outlook?

How are the big boys doing... are you one of them? what's the electricity to profit ratio/conversions?
I am not a big boy in mining but mine as I can. Was collecting money and bought 8 gtx1070ti one year ago, price was acceptable too, in winter had great time for 2 week and ROIed 20% in these two week. Now mine most profitable coin according to whattomine.com and exchange to ether and bitcoin, withdraw some of them.
Worths for me to mine, is very energo effective compared to others + electricity isn't expensive for me.
Electricity would always be a big factor before considering yourself to mine. Most people say that mining is dead but eventually
there are still lots of dudes out there do still mine since it do generate some considerable about of profits in spite of this current market
condition.When seeking up for faster ROI then finding some low value or difficulty coins will be worth to try but finding them would really
be hard or does require time.

▄▄█████████▄▄
▄█████████████████▄
▄████▀▀▀▀█████▀▀▀▀████▄
████▀██████▀█▀██████▀████
██████████████████████████
▐█████▄███████████████▄█████▌
▐███████▄▄█████████▄▄███████▌
▐██████▀█████████████▀██████▌
▐███████████████████████████▌
▀██████████████████████▀
▀████▄████▄▀▀▄████▄████▀
▀███████▀███▀███████▀
▀▀█████████████▀▀
  ▀▀▀▀▀▀▀▀▀
|
★.★.★   8 GAMES   ★   WAGERING CONTEST   ★   JACKPOTS   ★   FAUCET   ★.★.★
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▄█▀█▀█▄

 ▀███▀
  ▄▄▄
▄██▀▄█▄
██▀▄███
 ▀▄▄▄▀
  ▄▄▄
▄█ ▄▀█▄
██ █ ██
 ▀▄▄█▀
  ▄▄▄
▄▀▄▄▄▀▄
█▀▀▀▀▄█
 ▀███▀
  ▄▄▄
▄▀   ▀▄
█  █▄ █
 ▀▄██▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▀ █ ▀
▀▀▄▀▀
 ▀▄█▄
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
|
octominer
Jr. Member
*
Offline Offline

Activity: 248
Merit: 8


View Profile WWW
November 14, 2018, 01:53:07 AM
Last edit: November 16, 2018, 08:50:47 AM by octominer
 #4

Octominer here. The big boys are still playing the big game. We supply big mining farms in USA and Canada with fully built GPU miners and ASICs. We are currently working on multiple 5MW+ projects, selling the new MicroBT M10(contact us for a great deal Grin) SHA-256 Bitcoin miners and AMD RX580 8GB based GPU miners. The really crucial part here is the cost of electricity, most of our bigger clients have 4-5 cent USD electricity. This is really important for large scale mining to make sure you will remain profitable when BTC price is down.
adaseb
Legendary
*
Offline Offline

Activity: 2422
Merit: 1214



View Profile
November 14, 2018, 01:58:15 AM
 #5

I've been mining for a few years and only down to my most efficient GPUs which are the RX series and they are heavily undervolted and heavily underclocked and they turn a profit but very little. At this point I am just hodl'ing the ETH until the issuance reduction in January and then going to most likely package up the GPUs and sell them in a year or so when the second hand prices of the GPUs start to rise.

There is also the chance that there might be some crazy FOMO and ETH might go to $1000 very quickly and the profits of $1-2 per day per GPU will be back but I am not counting on it happening soon.

Its not worth mining for 10 cents a day, rather just power off the GPUs.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
martincooo
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
November 14, 2018, 01:58:56 AM
 #6

Are you profiting with ETH or other Altcoins?

Whats your outlook?

How are the big boys doing... are you one of them? what's the electricity to profit ratio/conversions?

23 GPU's and so far, is not going well. Electricity bills are huge and the profit is so low that im willing to shut them down for a while. This past 2 months are the worst.
badbart
Jr. Member
*
Offline Offline

Activity: 306
Merit: 5


View Profile
November 14, 2018, 02:18:21 AM
 #7

What are you guys paying in electricity?  You have to have low overhead in this market to last.  I lucked out and pay $.049 a KWH.
BillieCrypt
Member
**
Offline Offline

Activity: 223
Merit: 10


View Profile
November 14, 2018, 05:41:45 AM
 #8

Mining is currently profitable only at low electricity prices, about 6-7 cents per kilowatt and below. If the rigs are indoors, then in winter the profit is greater due to the use of heat and reducing heating costs.
canaveralnonie
Full Member
***
Offline Offline

Activity: 504
Merit: 111

For Sale Account


View Profile
November 14, 2018, 06:00:22 AM
 #9

Better to find a good location or country that has a least value of electricity bills, it will not profitable if they still doing that on expensive payment source of electricity. That's why some miners find a alternative way like solar energy and etc.
Bamsed
Member
**
Offline Offline

Activity: 120
Merit: 10


View Profile
November 14, 2018, 09:05:29 AM
 #10

I've been mining for a few years and only down to my most efficient GPUs which are the RX series and they are heavily undervolted and heavily underclocked and they turn a profit but very little. At this point I am just hodl'ing the ETH until the issuance reduction in January and then going to most likely package up the GPUs and sell them in a year or so when the second hand prices of the GPUs start to rise.

There is also the chance that there might be some crazy FOMO and ETH might go to $1000 very quickly and the profits of $1-2 per day per GPU will be back but I am not counting on it happening soon.

Its not worth mining for 10 cents a day, rather just power off the GPUs.

I have similar GPU. But my electricity price is about $0.18/Kwh. I mine at loss now, just use the heat to warm my room.
GGurol
Member
**
Offline Offline

Activity: 112
Merit: 31


View Profile
November 14, 2018, 09:56:06 AM
 #11

I have similar GPU. But my electricity price is about $0.18/Kwh. I mine at loss now, just use the heat to warm my room.

What are you guys paying in electricity?  You have to have low overhead in this market to last.  I lucked out and pay $.049 a KWH.

You guys are very very lucky.
I pay about $1.11/Kwh

Thinking about a long term project. Solar system on my farm. 9-10 months open sun in my land.
Just working on a feasibility right now. Let's see. MAybe I can sell my rigs too if the market goes start a bull run again.
Dont know.

Piskeante
Member
**
Offline Offline

Activity: 756
Merit: 14


View Profile
November 14, 2018, 11:25:30 AM
Merited by vapourminer (1)
 #12

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. 

BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
Exoskeleton
Sr. Member
****
Offline Offline

Activity: 338
Merit: 251


View Profile
November 14, 2018, 11:37:17 AM
 #13

Let me put it this way. I remember people saying mining was "dead" all over here in late 2012. Yet here we are.

Want to make a bet you won't still be here in another 4-5 years?
Plso
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
November 14, 2018, 11:39:54 AM
 #14

My electricity is about 0,05 $ per kWh
Maybe it's time to move to Slovakia - heart of Europe  Smiley
Indamuck
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 554



View Profile
November 14, 2018, 01:06:46 PM
 #15

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.
vapourminer
Legendary
*
Offline Offline

Activity: 2996
Merit: 1612

what is this "brake pedal" you speak of?


View Profile
November 14, 2018, 01:45:12 PM
Last edit: November 14, 2018, 01:57:17 PM by vapourminer
 #16

Let me put it this way. I remember people saying mining was "dead" all over here in late 2012. Yet here we are.

yeah i mined btc on a few gpus at just over break even cost ~2012 and hodled. paid off nice later. of course past results dont mean anything today. but it worked then.

now? who knows. if a rig is paid for and its mining at or better than electric, why not keep it chugging along.

EDIT: im not in the big boy club, just a hobby miner.
swogerino
Legendary
*
Online Online

Activity: 1820
Merit: 1036


Join the world-leading crypto sportsbook NOW!


View Profile
November 14, 2018, 02:02:20 PM
 #17

I only have one low power consumption mining computer with 6 cards. I do manage a few rigs for my colleagues and they have turned off their rigs. I told them to continue to mine hoping for a better outlook than these quiet months but they refuse to because unfortunately they don't believe anymore on a recovery.

I do believe so I am still mining at my home for fun now but who knows what happens to the price of bitcoin after sometime and I am conserving every mined reward.

  ▄▄█████▄▄███████▄▄
 ███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
 ▀██                   ██▀
  ▀██▄               ▄██▀
    ▀███▄▄       ▄▄███▀
       ▀▀█████████▀▀
███████████    LEADING CRYPTO SPORTSBOOK & CASINO    ███████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
..PLAY NOW!..
umine
Full Member
***
Offline Offline

Activity: 414
Merit: 136



View Profile
November 14, 2018, 03:32:01 PM
 #18

Are you profiting with ETH or other Altcoins?

Whats your outlook?

How are the big boys doing... are you one of them? what's the electricity to profit ratio/conversions?

Mining still profitable. Even WTM shows that operational cost below 0.15 $\kWh gives some profit for mining. Just about 20% above spent money but it's still profit. In the case you check new perspective projects and fine tune your mining machines the profit could be more. Is it difficult now to buy and run new mining machines? Of course, yes. Though each investment in silent period is risky.

dhmctrader
Newbie
*
Offline Offline

Activity: 50
Merit: 0


View Profile
November 14, 2018, 06:20:05 PM
 #19


You guys are very very lucky.
I pay about $1.11/Kwh



Where is this? I couldn't afford to eat let alone mine crypto.
dagarair
Sr. Member
****
Offline Offline

Activity: 826
Merit: 350



View Profile WWW
November 14, 2018, 06:35:07 PM
Merited by PIOUPIOU99 (1)
 #20

i have a bunch of rigs and just bought 50 more 8 cards rigs for cheap because I am that confident in crypto.  I also just bought 70 more L3 for cheap.  Is it a risk, of course it is.  I think its a good calculated risk.  If you don't that's cool I respect your decision but I ask you to respect mine as well.

4MW Data Center - I BUILT Tongue  - Full story below:
https://bitcointalk.org/index.php?topic=4789787.msg43227027#msg43227027
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!