Is mining still a thing ??...

[aliitp2]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

[TheMimic1]

Long run mining requires green energy or free electricity because if bear comes you won't have to worry about electricity bills

Short run mining is presently a no go area, GPUs are costly and getting ROI back will take longer, meaning bears can take over the market under few more months

There you have it, now the choice is yours, remember, what makes mining on long run a good idea is if you don't have to pay for electricity because a single card that gives 5$ today can bring you 1$ tomorrow

[FP91G]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

$ 10,000 now costs 1 farm 3060ti * 6 video cards. But be careful with investments, because the new Nvidia models will be limited in Ethereum mining.
I will wait for a drop in prices for video cards and only then I will invest in mining. So far, I believe that the prices for video cards are very expensive.
It may happen that you invest $ 10,000 and the profit per day drops to $ 6 from 1 farm.

[Williamm07]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

$ 10,000 now costs 1 farm 3060ti * 6 video cards. But be careful with investments, because the new Nvidia models will be limited in Ethereum mining.
I will wait for a drop in prices for video cards and only then I will invest in mining. So far, I believe that the prices for video cards are very expensive.
It may happen that you invest $ 10,000 and the profit per day drops to $ 6 from 1 farm.

3060ti is working for mining fine, the limit of hashrate only affects the new RTX3060, I don't think this is the best time to build a mining rig, that 10,000$ can build you 2x of that 3060ti build if not for the high gpu price presently and also we still don't know what impact the next ethereum upgrade will bring, for now EIP1559 isn't showing interest to miners as rewards will surely be reduced

[philipma1957]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

Well first off take evga cards.  I mention them because they are Warranty transferable.

If I were to offer you  used but under full warranty  2x 3090 and 4x 3080 evga cards along with 2 mobos and psus for 10k  it would be considered a cheap price.

What does that gear do in hashrate?

about 103+103+91+91+91 = 480 mh

what does 480mh earn it earns 9.02 cents an mh or $43 a day excluding power cost what do they cost to run about 37 kwatts a day at 10 cents  3.70 at 20 cents 7.40

so 35-39 a day for gently used gear with long warranties

35 x 300 = 10500 so a possible break even for 10 months.

The problem is you won't find anyone to sell you  2x 3090 and 4 x 3080 with mobos and psu's for 10k
https://www.ebay.com/itm/EVGA-GeForce-RTX-3090-FTW3-ULTRA-GAMING-24G-P5-3987-KR-24GB-GDDR6X-iCX3/303910074976?

the cheapest evga 3090 on ebay is $2749

so 2 of them = 5498 + tax and the warranty may not transfer

https://www.ebay.com/itm/EVGA-GeForce-RTX-3080-XC3-ULTRA-10GB-GDDR6X-Graphics-Card-Ships-Same-Next-Day/143970690287?

the cheapest 3080 is 2100 so 4 of them are 8400 + tax

so you go to 13898 + tax with suspect warranty add 502 for mobos you are at 14400 and tax of 1100 you go to 15500

which is a lot more than 10k

So to me buying at 10k if I were to offer the deal (I am not doing that) would be maybe okay

Reality is on ebay that deal is going for 15500 not 10k

So yeah see if you can get 4x of these cards
https://www.evga.com/products/product.aspx?pn=10G-P5-3885-KR

and 2 x of these cards

https://www.evga.com/products/product.aspx?pn=24G-P5-3987-KR

for 9400 or 9500 if you do buy them.

I will sell you 2 mobos with psu's  to run them 3 cards per mobo

and I would tell you even if you do it is kind of iffy.

[fmz89]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

mining dead if btc dead, there will be coin to mine, crypto without mining, like human without soul, and mining is for base price the coin itself, like gold

dont worry 10k$ investment on gpu it wont go away like buying coin, you cannot be scammed on real things lol

[Temido2222]

Putting $10k into a rig right now would be the equivalent of lighting $10k on fire. Use that $10k to buy when crypto inevitably crashes again or wait until after a crash when things start picking up to mine some altcoin because by then ETH would be unmineable

[alexrossi]

My recommendation now is to not buy hardware but instead buy crypto directly on an exchange, with a dollar cost average strategy.

Hardware is expensive and too much eth dependant in this moment, in the worst case you'd have bought overpriced hardware that could be depreciated very quickly in case of a bear market.

[aliitp2]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

$ 10,000 now costs 1 farm 3060ti * 6 video cards. But be careful with investments, because the new Nvidia models will be limited in Ethereum mining.
I will wait for a drop in prices for video cards and only then I will invest in mining. So far, I believe that the prices for video cards are very expensive.
It may happen that you invest $ 10,000 and the profit per day drops to $ 6 from 1 farm.

I was talking about buying cards at their original cost not from scalpers eg (3080 cost of the 800-1000$) not electric 2000+ !..

Also how does it sound 580$ for an 1080ti ?!...

[aliitp2]

Putting $10k into a rig right now would be the equivalent of lighting $10k on fire. Use that $10k to buy when crypto inevitably crashes again or wait until after a crash when things start picking up to mine some altcoin because by then ETH would be unmineable

I never said I’ll buy at those inflated prices or from scalpers I was just asking in general how does it sound investing in 10k in mining that’s all !!...

[philipma1957]

honestly if you can get 3000 series cards at msrp buy them.

and let me know your source

[jims2321]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

$ 10,000 now costs 1 farm 3060ti * 6 video cards. But be careful with investments, because the new Nvidia models will be limited in Ethereum mining.
I will wait for a drop in prices for video cards and only then I will invest in mining. So far, I believe that the prices for video cards are very expensive.
It may happen that you invest $ 10,000 and the profit per day drops to $ 6 from 1 farm.

I was talking about buying cards at their original cost not from scalpers eg (3080 cost of the 800-1000$) not electric 2000+ !..

Also how does it sound 580$ for an 1080ti ?!...

It depends upon the condition of the 1080ti.  If it in good shape absolutely.  But you better plan to pull the heatsink and redo the thermal pads and paste just as a precaution, of course that should be a given.  Tweaked right, and you can easily get 41 to 45 mh/s.  Then based upon the numbers that philipma1957  posted in his reply for profitability per mh of 9.02cents/mh gives you a gross of $3.69 to $4.06 per card. Guessing power draw of 180w your daily electric costs 10 cents/kwh =$.45 so net around $3.24 to $3.61 per day.  That would make your ROI at about 165 to 180 days.

[aliitp2]

honestly if you can get 3000 series cards at msrp buy them.

and let me know your source

of course i was talking about shopblt,

[jims2321]

honestly if you can get 3000 series cards at msrp buy them.

and let me know your source

of course i was talking about shopblt,

you might want to check this reddit thread about shopblt.

https://www.reddit.com/r/nvidia/comments/jbmh6m/has_anyone_used_the_shopblt_website_to_order_the/

[Daodex]

Not a good time to buy cards and not a safe time to invest too, if you have to invest then don't use all that 10k, invest only what you can afford to lose and I'm sure you aren't ready to lose the whole 10k, as for mining hunt for MSRP if you can't find any then hold your money for now

[aliitp2]

honestly if you can get 3000 series cards at msrp buy them.

and let me know your source

of course i was talking about shopblt,

you might want to check this reddit thread about shopblt.

https://www.reddit.com/r/nvidia/comments/jbmh6m/has_anyone_used_the_shopblt_website_to_order_the/

ok so bottom line it will take Forever to ship, i still got other sources to buy few cards but thanks for pointing this out to me...

[arielbit]

As long as you make money...it is still a thing. Actually it is applicable to anything where you can make money--"IS A THING"

[Williamm07]

As long as you make money...it is still a thing. Actually it is applicable to anything where you can make money--"IS A THING"

You aren't making any money until you make your ROI back in a short term possible, this is what makes mining sensible, just because I'm making some dollars everyday doesn't mean I'm in profits yet

[ethereumhunter]

Just wondering is it still worth investing 10k$ in graphics cards and mine on the long run or is mining dead with ETH new announcement ...

Thanks,

If I were you and have $10k, I would not buy graphic cards to mining bitcoin or altcoin because that is not worth to do this day. Every coin's difficulty increases, which means we need to have high-end hardware to get good rewards from the mining. I prefer to use that money to trade because I see the chance to make a profit will be better now. Besides that, many coins can be the next potential coins that can increase in the short and long term, which can be my way to make a profit.

[HashingTower]

It seems bitcoin bullrun isn't done yet, adoption rates keeps growing almost everyday which can make this bull season last longer but mining isn't that reliable here because ethereum is the most profitable to mine but GPUs are too high in price and also EIP1559 is coming in July, too risky to invest on mining rigs right now, if you want to take risks it's better to buy BTC