Number 9! Ninth altcoin thread. Back to the moon Baby!

[philipma1957]

put the rigs on ethermine for example and they should stop crashing.  I dont have anything on nicehash eth related anymore.  Now rigs are rock stable.

I moved a rig to viabtc so far it is very very very solid.

[DrG]

Looks like the wind has been pulled from the sails for DeFi. ETH blocks are down to about 2.5ETH in rewards and revenue is about 1/2 what it was 10 days ago, 1/3 what is was 20 days ago. Whoever bough a bunch of new hardware better be in it for the long haul.

I'm curious as to how hard RVN and ETC are going to get hit these next 2 weeks.

[philipma1957]

Looks like the wind has been pulled from the sails for DeFi. ETH blocks are down to about 2.5ETH in rewards and revenue is about 1/2 what it was 10 days ago, 1/3 what is was 20 days ago. Whoever bough a bunch of new hardware better be in it for the long haul.

I'm curious as to how hard RVN and ETC are going to get hit these next 2 weeks.

viabtc pays $ 0.0219 an mh or $1.09 a day per amd 5700 xt

so 24 x 135 = 3.2 kwatts at 10 cents or 32 cents power cost

1.09-.32= 77 cents a day

  77 dollars for 100 days
154 dollars for 200 days
231 dollars for 300 days
308 dollars for 400 days

at 10 cent power

at free power

109 dollars for 100 days
218 dollars for 200 days
327 dollars for 300 days
426 dollars for 400 days

so break even is about 300 - 400 days

now 4gb gear may drop off and help this to move to

200-300 days.

[soothaa]

Looks like the wind has been pulled from the sails for DeFi. ETH blocks are down to about 2.5ETH in rewards and revenue is about 1/2 what it was 10 days ago, 1/3 what is was 20 days ago. Whoever bough a bunch of new hardware better be in it for the long haul.

I'm curious as to how hard RVN and ETC are going to get hit these next 2 weeks.

And 80% down from a few weeks ago. There was a point when my AwesomeMiner setup was projecting over $5,000 a month income. Currently showing ~$1,100 

[badbart]

Looks like the wind has been pulled from the sails for DeFi. ETH blocks are down to about 2.5ETH in rewards and revenue is about 1/2 what it was 10 days ago, 1/3 what is was 20 days ago. Whoever bough a bunch of new hardware better be in it for the long haul.

I'm curious as to how hard RVN and ETC are going to get hit these next 2 weeks.

It was fun to watch traffic pickup on mining discords knowing this was a temporary bump.

[philipma1957]

well so far I am okay at nicehash 49 a day = 1500 a month.

I got 3300 back so far
I spent 9750

so I am 6450 but at 1500 a month

4 months maybe 5 and I am  good

btw btc is near 12000 and most of my gear is still at nicehash.

A bump to 15 or 16k would help.

If 4gb gear drops off this could take off again.

If not I will sell off gpus.

[soothaa]

If 4gb gear drops off this could take off again.

This won't be happening

https://lolliedieb.medium.com/rise-of-the-mining-dead-ea8f6298f813

[geck]

In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  

[philipma1957]

If 4gb gear drops off this could take off again.

This won't be happening

https://lolliedieb.medium.com/rise-of-the-mining-dead-ea8f6298f813

Looks to be helpful for the diff

https://lolliedieb.medium.com/rise-of-the-mining-dead-ea8f6298f813




If there are 1,000,000 4gb cards mining on windows  doing

30,000,000 mh

they will drop to
18,000,000 mh by dec 21

the whole network is https://etherscan.io/chart/hashrate

267,000 gh or
267,000,000 mh


the real question is.  how much hash rate is 4gb cards
how much is 4gb on linux
how much is 4gb on windows.

if 267,000,000 mh is whole network

and 30,000,000 mh is windows 4gb
with 50,000,000 mh at linux 4gb

we are going to drop in hash

[DrG]

In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.

[philipma1957]

In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.

It still hanging in there.

I am  thinking diff will drop maybe not like a rock but twenty percent drop could happen.

The navi may not be a big deal if they use a ton of power.

I can see the 5700, still being a decent card.

[DrG]

In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.

It still hanging in there.

I am  thinking diff will drop maybe not like a rock but twenty percent drop could happen.

The navi may not be a big deal if they use a ton of power.

I can see the 5700, still being a decent card.

The 5700 is a great card. It's great for ETH and it is also best bang for the buck gaming in midrange as long as you're not getting black screens from AMD driver issues. I heard that the 5700XT production was put on hold so that RX6xxx could be ramped up. I don't know the veracity of those claims, but heard it on Moore's Law is Dead. Perhaps there will be a rebadged 5700XT in the 6xxx lineup that will basically be the same card but with support for direct access and HDMI 2.0 output for 4K.

[Philipma1957cellphone]

In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.

It still hanging in there.

I am  thinking diff will drop maybe not like a rock but twenty percent drop could happen.

The navi may not be a big deal if they use a ton of power.

I can see the 5700, still being a decent card.

The 5700 is a great card. It's great for ETH and it is also best bang for the buck gaming in midrange as long as you're not getting black screens from AMD driver issues. I heard that the 5700XT production was put on hold so that RX6xxx could be ramped up. I don't know the veracity of those claims, but heard it on Moore's Law is Dead. Perhaps there will be a rebadged 5700XT in the 6xxx lineup that will basically be the same card but with support for direct access and HDMI 2.0 output for 4K.

The 470-480. Were very close to the 570-580

I am hoping the navi does 60-65 and pulls more power.

[philipma1957]

yesterday's rallies were good. my gpus are close to 50 a day or 1500 a month.

I held all gpu mining nicehash to btc since July.

 I cashed in 1000 usd yesterday
Still holding most of mining coins.

If we stay at 50 a day profit for me. The new gear will pay off by Jan or Feb.

If I hodl coins and btc moves past 16k I will pay gear off faster.

[geck]

I couldn't have clicked the sell button any faster when i woke up this morning 
If only there were "mini" btc futures - I would definitely short some and lock in this price.

[rdluffy]

Some news, AMD are afraid of miners buying all the cards again, like Vega and Radeon VII 

https://www.tomshardware.com/news/amd-navi-10-blockchain-gpu-cryptomining

They want to prevent gamers not being able to buy cards, like RTX 3080
Personally I don't like these mining cards, less warranty, less outputs and hard to resell

[philipma1957]

Some news, AMD are afraid of miners buying all the cards again, like Vega and Radeon VII  

https://www.tomshardware.com/news/amd-navi-10-blockchain-gpu-cryptomining

They want to prevent gamers not being able to buy cards, like RTX 3080
Personally I don't like these mining cards, less warranty, less outputs and hard to resell

Miners did not buy out the 3080’s

and mining cards suck. I don't want them or buy them.

Edit:

Coins are picking up ETH is over 417

[adaseb]

Some news, AMD are afraid of miners buying all the cards again, like Vega and Radeon VII 

https://www.tomshardware.com/news/amd-navi-10-blockchain-gpu-cryptomining

They want to prevent gamers not being able to buy cards, like RTX 3080
Personally I don't like these mining cards, less warranty, less outputs and hard to resell

The reason why AMD and Nvidia do this is to protect their 2nd hand GPUs to holding value when there is a massive influx of used GPUs all over Facebook marketplace, eBay and Craigslist. Imagine all the 4GB GPUs that are going to hit the market in 1-2 months when you can no longer mine ETH with them. Gamers will be smart and figure they might as well buy 2x RX 570 4GB rather than buy a new GPU for triple the price for same performance.

Obviously gamers will never buy these mining type of GPUs. Basically the output is going to be an issue and the fact that they were obviously mined in the past will scare most gamers from purchasing. Hence they will typically be sold from miners to miners without interfering with the mainstream gamers market.

[mochaaa]

AMD has a perfect opportunity to pair or outperform Nvidia - this launch is very important and they need to win market share with gamers. Nvidia clearly was pressed with this launch; using samsung, large tdp, paper launch (basically). RDNA2 will very likely be power efficient...AMD is going to have their hands full balancing miners and gamers

[philipma1957]

AMD has a perfect opportunity to pair or outperform Nvidia - this launch is very important and they need to win market share with gamers. Nvidia clearly was pressed with this launch; using samsung, large tdp, paper launch (basically). RDNA2 will very likely be power efficient...AMD is going to have their hands full balancing miners and gamers

I SEE it much the same as you do.

Nvidia rtx 3000 series was a ghost launch