badbart
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Activity: 449
Merit: 24
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December 11, 2020, 10:39:35 PM |
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.........
See how this discussion got, you started attacking me just because you have nothing to counter argument me, so when this happens, I just let it go, this discussion did not need to get to this level, have a nice day. Im not attacking you ! Im telling you my own experience ... But for some reason you just can not imagine mining is can be profitable , but you need to understand what to sell when , what mining hardware to buy when ... Im not attacking you , but you probably dont want to understand i was talking about that 15 months you blaming ... actually 25 months mining experience with Bitmain ASIC's E3's including your 15 months  This is my own experience as a miner , not someone who reading between lines all over the internet and reposting things in this forum. So you attacked me , so i got into defense position ...  I mined ETH from 2016 .. yes i sold some in the end of 2017 you can tell me i did not make any profit ... i know exactly what i made with mining , even with just a few GPU's in 2016 ... I wish i got into this when the same thing happened with bitcoin .. i started my bitcoin mining adventure when BTC was around 300$ ... Im still a believer ... and history repeating itself ... sold some coin again when ETH was over 600$ not to long ago ... Choice is always yours , but i dont like , and i dont think its right, when someone without any real mining experience trying to be way to smart and attacking someone with real mining experience ... the real question is how much eth could you have bought over the months when eth was $100 to - $150 instead of running your asics and rigs ? $8000 could have bought 800 eth lets say 700 x 600 thats $420k lol and im not even factoring in shipping. All hes trying to tell you is u think u make money making what $15k but just buying eth at the lows would have crushed what u made buying those asics x20 asics and gpus are a hobby thing now , the time and effort setting up monitoring shipping etc isn’t worth the reward like back in 2016 lol, math skills, 80 eth not 800. |
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xxcsu (OP)
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December 11, 2020, 11:39:30 PM
Last edit: December 12, 2020, 12:11:14 AM by xxcsu |
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the real question is how much eth could you have bought over the months when eth was $100 to - $150 instead of running your asics and rigs ? $8000 could have bought 800 eth lets say 700 x 600 thats $420k lol and im not even factoring in shipping. All hes trying to tell you is u think u make money making what $15k but just buying eth at the lows would have crushed what u made buying those asics x20
asics and gpus are a hobby thing now , the time and effort setting up monitoring shipping etc isn’t worth the reward like back in 2016
OMG .. OMG    I really feel sorry for this kind of guys ... they really have some very basic math issues ... In the elementary school most of us learned 800x100 not 8000 , that's exactly 80000 !! , but believe me or not , 80x100=800 . so yes i might was able to buy 80ETH from 8000$ , but thats not even close to 800ETH .... god please help him Do you think 800 ETH equal to 80ETH ? Can you try again ... you failed ... I might give you a MERIT for your greatest post , you worked hard for it .. seriously man ... Yeah I understand a lot of ppl think how smart they are ... basic math skill missing ... but they f..ing smart ... LOL $8000 could have bought 800 eth lets say 700 x 600 thats $420k lol and im not even factoring in shipping.
Yeah you not even factoring what is the different between 80 and 800 ... forget about shipping , try to concentrate on real numbers , and before posting something like this ask your wife , or kids to check your math the real question is ...
where you can take math classes at your age |
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cudapop
Member
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Activity: 93
Merit: 41
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December 12, 2020, 03:24:20 AM |
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... GPU mining vs investing/trading are not comparable, its like trying to compare bonds to stocks. The risk is not the same, one generates income while on generates capital appreciation. GPUs act as a hedge for your mining income ...
Agree completely. But we're not talking about GPUs here but instead about ASICs which don't provide a hedge for the investment. |
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philipma1957
Legendary
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Activity: 4116
Merit: 7867
'The right to privacy matters'
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December 12, 2020, 04:33:09 AM |
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.........
See how this discussion got, you started attacking me just because you have nothing to counter argument me, so when this happens, I just let it go, this discussion did not need to get to this level, have a nice day. Im not attacking you ! Im telling you my own experience ... But for some reason you just can not imagine mining is can be profitable , but you need to understand what to sell when , what mining hardware to buy when ... Im not attacking you , but you probably dont want to understand i was talking about that 15 months you blaming ... actually 25 months mining experience with Bitmain ASIC's E3's including your 15 months This is my own experience as a miner , not someone who reading between lines all over the internet and reposting things in this forum. So you attacked me , so i got into defense position ... I mined ETH from 2016 .. yes i sold some in the end of 2017 you can tell me i did not make any profit ... i know exactly what i made with mining , even with just a few GPU's in 2016 ... I wish i got into this when the same thing happened with bitcoin .. i started my bitcoin mining adventure when BTC was around 300$ ... Im still a believer ... and history repeating itself ... sold some coin again when ETH was over 600$ not to long ago ... Choice is always yours , but i dont like , and i dont think its right, when someone without any real mining experience trying to be way to smart and attacking someone with real mining experience ... the real question is how much eth could you have bought over the months when eth was $100 to - $150 instead of running your asics and rigs ? $8000 could have bought 800 eth lets say 700 x 600 thats $420k lol and im not even factoring in shipping. All hes trying to tell you is u think u make money making what $15k but just buying eth at the lows would have crushed what u made buying those asics x20 asics and gpus are a hobby thing now , the time and effort setting up monitoring shipping etc isn’t worth the reward like back in 2016while your math above is wrong for buy and hodl then sell . what is true is it is really hard to turn profit with cards or asics. it is a job when you scale up to and beyond 50+ cards and 50+ asics. Something always breaks and you need replacement gear. People think we are having a bullrun mining ⛏ we are not. We are close to what a miner should make mining if they want a business. |
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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December 12, 2020, 05:22:40 AM |
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Best time to mine is basically when its unprofitable.
1) You have less stress because if your rigs crash in the middle of the night, you don't really care about setting alerts on your phone and lose sleep. Would you let your rigs crash in the middle of the night during the days when each GPU made $10/day? Probably not. Mining is really stressful when its profitable.
2) Its very difficult buying GPUs when its profitable. You basically need to speed to the Craiglist sellers house to buy the GPU before they up the price or remove listing and mine themselves. Or you got a Limit 1 or Limit 2 quantity at the computer store with a 20% mark-up. This leads to longer ROIs
3) Difficulty is very low because alot of people shut down their gear and moved on. Hashrate now is 295TH/s while when ETH was $100 it was about half this value.
4) You don't need to worry about getting returns if your sell your gear on eBay. During a bull market, many buy their gear on eBay which is the worst time to get screwed. Sell a GPU, 3 months later you might get hit with a return because buyer wants money back because "mining profits are lower". Instead they say its because "Not as described".
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deadsix
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December 12, 2020, 06:24:51 AM |
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Shhh ... hes an anti-mining troll, who missed out on the mining boom bigtime, has major fomo, and now goes around trying to justify it on various mining threads/posts, so he can sleep better at night . Just ignore him. |
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Marvell2
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December 12, 2020, 10:26:28 PM |
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Shhh ... hes an anti-mining troll, who missed out on the mining boom bigtime, has major fomo, and now goes around trying to justify it on various mining threads/posts, so he can sleep better at night . Just ignore him. lol im not anti mining , i already said i mine as a hoby , $8000 plush shipping electrical hookups storable space etc you probably over 12k all in ill re math this since you don’t get the point of the post its around 50k profit from waiting till it hit $600. thats still 5x more than you genius investment no one cares if you mine have at it, but don’t pretend you’re doing better than people who just buy an hold , and now with the e3 you will have some expensive paperweights come january. Gpu miners tend to sell thier gear before they get obsolete but thats way harder for asic users since the secondary market is so small. |
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xxcsu (OP)
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December 13, 2020, 12:54:28 AM
Last edit: December 13, 2020, 01:38:11 AM by xxcsu |
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Shhh ... hes an anti-mining troll, who missed out on the mining boom bigtime, has major fomo, and now goes around trying to justify it on various mining threads/posts, so he can sleep better at night . Just ignore him. lol im not anti mining , i already said i mine as a hoby , $8000 plush shipping electrical hookups storable space etc you probably over 12k all in ill re math this since you don’t get the point of the post its around 50k profit from waiting till it hit $600. thats still 5x more than you genius investment no one cares if you mine have at it, but don’t pretend you’re doing better than people who just buy an hold , and now with the e3 you will have some expensive paperweights come january. Gpu miners tend to sell thier gear before they get obsolete but thats way harder for asic users since the secondary market is so small. Forget to mention i sold all my E3's in September this year , kept only 3 and guess what ? after 2 years of usage i sold them over or around 800$ each , I paid 800$ for my E3's 2 years ago thats sound like a " genius investment" for me BTW , my GPU farm are way bigger than my asic farm ever was So my real investment per 10x Antminer E3 is 13028$ what i paid for power over that 25 months i used them When i got my E3's or we can say when i invested into E3's, the ETH price was over 400$ (2018 summer), then in that year August price started to fall , and by December the price was under 100$ ... The difficulty from 2018August till 2018 Christmas went from 3.5xxxx to 2.2xxxx . Lot of miners turned off they rig , bc the negative price change .. so miners who kept they rig running was able to earn more ETH There is how much time (hours) need it in 2018 for my 10 E3 to mine 1 ETH : Clearly can see how the difficulty change affected the time , what need to mine 1 ETH with 10 Antminer E3 ... From here you can see how much ETH i mined in a month in the end of 2018.... this is for 10 Antminer E3 ... In my first post i calculated my numbers with 170MH/s average hashrate/miner usually pool side reporting was over 170MH/s per miner ...   |
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cali747
Newbie
Offline
Activity: 15
Merit: 0
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December 13, 2020, 02:04:40 PM |
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we need to ask bitmain to update the firmware so we can mine ETC.
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badbart
Member
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Activity: 449
Merit: 24
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December 13, 2020, 02:25:45 PM |
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These debates are like saying you should have bought Tesla at $5 or comparing owing a CD compared to a stock. What if you bought eth at $500 or $1?
If you want to make money you need to buy your gear, electricity or coin at low prices.
Coin's can generate a large capital gain over years but no income.
Mining can produce daily income but no capital gain.
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miner29
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December 13, 2020, 02:42:22 PM |
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we need to ask bitmain to update the firmware so we can mine ETC.
It will NOT be fixed with firmware. The algo was modified to specifically remove asics from the ETC network. This would require entirely new chips for the unit. That dont exist and if they are developed ETC will change again. This is not a software problem. You seem to be having trouble accepting that etc does not want asics and will do whatever it takes to make them worthless on ETC. That is thier actual stance. They want gpu miners. Thus why they also rolled back the dag size. |
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Marvell2
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December 15, 2020, 12:12:00 AM |
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Shhh ... hes an anti-mining troll, who missed out on the mining boom bigtime, has major fomo, and now goes around trying to justify it on various mining threads/posts, so he can sleep better at night . Just ignore him. lol im not anti mining , i already said i mine as a hoby , $8000 plush shipping electrical hookups storable space etc you probably over 12k all in ill re math this since you don’t get the point of the post its around 50k profit from waiting till it hit $600. thats still 5x more than you genius investment no one cares if you mine have at it, but don’t pretend you’re doing better than people who just buy an hold , and now with the e3 you will have some expensive paperweights come january. Gpu miners tend to sell thier gear before they get obsolete but thats way harder for asic users since the secondary market is so small. Forget to mention i sold all my E3's in September this year , kept only 3 and guess what ? after 2 years of usage i sold them over or around 800$ each , I paid 800$ for my E3's 2 years ago thats sound like a " genius investment" for me BTW , my GPU farm are way bigger than my asic farm ever was So my real investment per 10x Antminer E3 is 13028$ what i paid for power over that 25 months i used them When i got my E3's or we can say when i invested into E3's, the ETH price was over 400$ (2018 summer), then in that year August price started to fall , and by December the price was under 100$ ... The difficulty from 2018August till 2018 Christmas went from 3.5xxxx to 2.2xxxx . Lot of miners turned off they rig , bc the negative price change .. so miners who kept they rig running was able to earn more ETH There is how much time (hours) need it in 2018 for my 10 E3 to mine 1 ETH : Clearly can see how the difficulty change affected the time , what need to mine 1 ETH with 10 Antminer E3 ... From here you can see how much ETH i mined in a month in the end of 2018.... this is for 10 Antminer E3 ... In my first post i calculated my numbers with 170MH/s average hashrate/miner usually pool side reporting was over 170MH/s per miner ... smart to sell in september, i feel for the poor bastards that bought your paperweights, they cost $900 or so with shipping im sure you didn’t get over $200 for them still a nice investment but i still would rather hold crpto than buy gear atm. To make it worse with yeild farming the profitablity from just holding and farming tokens crushes mining even more. |
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xxcsu (OP)
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December 16, 2020, 04:22:33 AM |
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smart to sell in september, i feel for the poor bastards that bought your paperweights, they cost $900 or so with shipping im sure you didn’t get over $200 for them still a nice investment but i still would rather hold crpto than buy gear atm. To make it worse with yeild farming the profitablity from just holding and farming tokens crushes mining even more.
I probably still can sell them now Looks like ppl still want to buy those E3's , there is a ebay search result from today , 12/15/2020 11.20PM EST Bid prices still going up close to 800$  |
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maxfunky
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December 18, 2020, 06:56:40 AM |
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Hey miners ! I builded my first gpu rig in early 2016 and now I have more GPUs and 3 ASIC on BTC but I still have my first rig 6x R9 290 mining ETC and DBIX a small bit profitably! (I'm from QC, electricity is not too expensive here) but I will sell those gpu soon. I am looking to up my mining game, what would you buy those days? ASIC and GPU are hard to find at a good price I know...  and if I buy GPU what is my best bet ? 5708G or 1660 or newer card? I like you all! Vive Bitcoin et les Crypto |
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