bensam1231
Legendary
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Activity: 1764
Merit: 1024
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December 02, 2017, 05:48:02 AM |
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PSA: It's still much more profitable to buy BTC and hold it then mine cryptos.
If you bought a 1070 a month ago for $400 it would have made you roughly $75 ($2.5 x 30). BTC increased by 56% over the last month (you could've made more if you bought and sold at big peaks), that same investment of $400 would have earned you $224 or $7.5 per day. More then three times what you could earn mining. That $400 is also very fluid, meaning you can buy/sell/reinvest/buy equipment with it. That 1070 is now a asset and can't be easily sold or repurposed.
Have fun.
Here's a PSA: If you bought a 1070 a month ago it would still be worth $400 today and you'd have that $75. In fact, repeat that over the course of a year and we can buy several more GPUs and several more $75 earnings. I bet in 5 years from now you can still sell a 1070 for at least $200. Who knows what the price of bitcoin will be. Either way, invest in bitcoin or invest in GPUs... it doesn't matter and is totally up to the individual. If I'm boring then I'll just buy bitcion and vegetate while watching TWD. If I'm super cool crypto guy I'll mine That doesn't even make sense? That's $224 in addition to $400. Your money doesn't disappear and you sell if BTC starts pooping. It's a percent dude. You invest in a couple GPUs, you'd invest in more BTC and that BTC would make you even more money. That GPU returned 19%, the same investment in BTC returned 54%. No, no one is buying a 1070 for $200 in five years. Based on a quick ebay of a 670 (which came out 5 years ago), you're looking at $70 and that's if you can find someone willing to buy them. In addition to that I don't think you understand the logistics of selling lots of GPUs. eBay and Paypal will take about 12% of that as well, you'll have to spend time and labor on doing so, and of course shipping costs. I don't think you understand investment. A GPU, a BTC, they're both investments only BTC is super fluid as I already mentioned. GPUs are not fluid. You can't just sell your GPUs on a whim and shift to an entirely different market. Mining isn't about buying one GPU and mining with it, it's about diversifying your assets and maximizing profits. Yup, mining is about 'being cool'. I'm sure you'll keep that mindset if earnings ever go negative. People like to compare where their comparison looks good. I have another example. Btc was 2500 when I invested in New rigs. In 5months I got 3xROI. So it is x4 of value. Btc the same time made x4 and is 10k now. So I've managed only to catch up with btc. But what if btc stayed on 2500? Of cause I wouldn't make 3xRoi but 1xRoi anyway. We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months. Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it. No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing. And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate 'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
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I buy private Nvidia miners. Send information and/or inquiries to my PM box.
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hwgeek
Member
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Activity: 82
Merit: 10
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December 02, 2017, 05:49:45 AM |
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Here is the results of the nighty build. Same hardware. Yesterday I finetuned the clocks on my cards and managed to squieze out another +4-5% With moding and tuning I have manged to increase the speed +15.7% in one week. Dear Sp,Can I ask you what is the difference between MPH and SUPRNOVA Stratum? I also fixed the stale shares problem and MPH show +- my hash rate but suprnova shows ~20% more- why?(of course I am talking about Avg 24 hours graphs). Can you check if you get the same speed there too? I think it will show your rig as over 700Mhs, and the payment is correct -(RIG/POOL)*40xzc.
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abudfv2008
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December 02, 2017, 06:17:58 AM |
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We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem. If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now. So in 5 months 10K => at least 45K. 10K invested in BTC => 40K today Return to school boy - don't look more foolish than you are.
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omshree
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December 02, 2017, 09:59:07 AM |
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We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem. If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now. So in 5 months 10K => at least 45K. 10K invested in BTC => 40K today Return to school boy - don't look more foolish than you are. 10K rigs ROI in 1.4 months? Please teach me master! You must have an ASIC factory in your garage.
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Donate if you like 1ANALSEXXGMd6HaN6CzQXtURLC5H9TjKoo
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Dr_Victor
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December 02, 2017, 01:56:00 PM |
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To SP: I had mistake and I told you. I have bought btx-mod already from you. Please, return my money back.
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yobit.net is banned from signatures
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fr4nkthetank
Legendary
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Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
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December 02, 2017, 02:36:00 PM |
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Not wanting to butt this conversation, but I have no shame. - "GPUs don't appreciate" Funny how I sold my 280x GPUs for almost 2x what I paid for them...of course this summer people were going crazy, was a good time to offload the old gear. If I had the space I would keep everything.
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rednoW
Legendary
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Activity: 1510
Merit: 1003
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December 02, 2017, 02:39:00 PM |
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To SP: I had mistake and I told you. I have bought btx-mod already from you. Please, return my money back.
request lyraz miner instead ))
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Dr_Victor
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December 02, 2017, 02:50:57 PM |
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To SP: I had mistake and I told you. I have bought btx-mod already from you. Please, return my money back.
request lyraz miner instead )) He doesn't sell it for 0.05. SP, please, return my money.
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yobit.net is banned from signatures
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miner32342
Full Member
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Activity: 599
Merit: 100
PointPay.io
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December 02, 2017, 03:56:05 PM |
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The lyra2z is in development. An optimized kernel take alot of time to make because the opensource is good.
btx sp mod 5 ?
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sp_ (OP)
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Activity: 2954
Merit: 1087
Team Black developer
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December 02, 2017, 04:03:40 PM |
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I plan to release #5 with more profit, but need more time...
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Jackblow33
Newbie
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December 02, 2017, 04:39:41 PM Last edit: December 02, 2017, 04:50:51 PM by Jackblow33 |
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We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem. If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now. So in 5 months 10K => at least 45K. 10K invested in BTC => 40K today Return to school boy - don't look more foolish than you are. 10K rigs ROI in 1.4 months? Please teach me master! You must have an ASIC factory in your garage. Simple math. Best case scenario(unrealistic and incomplete) 10000$ / 250$ = 40 rx 570 (let`s forgot psu, mobo, ram etc..) Then profit is around 2$ per gpu per day with .10/kwh. So on a positive side let`s say we have 31 days months. So it`s 2480 of profit per month... 10000/2480= 4.03 month to roi. But there`s some unpredictable variables to add to mining and it is: What if you have been lucky and have start mining 2-3 months before the masses a low diff coin and this one jump 300% one day following a pump. Have got this result mining Zencash while everyone was mining eth. An other one that have happened to me. Have bought some Amd 570 before the Eth mining mania and have been able to sell all of them with a 100$ profit and then have rebuy some Gtx1070 at retail price and then add the option of mining Equihash efficiently . And now if I want to buy some Rx(best short term Roi) the price have returned to normal and even better I have rebought some rx570 that I have previously sold to a guy under retail price and as extra got the mobo and all the hw to complete the rig... Sometime the game is about timing and moving fast to stay ahead of the game. Holding coins and pray is not for me 99% are shit coins anyway, I make way much more $$$ with day trading then mining, but mining is a passive income that I still found interesting cause day trading is pretty time consuming. Spending almost 16h a day on that.... But nothing is free and this is not for everyone, 90% are too lazy and fail. So which one is the best? Holding or mining? Both have their plus and minus, I guess.... Maths with unpredictable variables = 0 . Roi time could be + or - .
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sp_ (OP)
Legendary
Offline
Activity: 2954
Merit: 1087
Team Black developer
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December 02, 2017, 04:54:42 PM |
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Dear Sp,
Can I ask you what is the difference between MPH and SUPRNOVA Stratum? I also fixed the stale shares problem and MPH show +- my hash rate but suprnova shows ~20% more- why?(of course I am talking about Avg 24 hours graphs). Can you check if you get the same speed there too? I think it will show your rig as over 700Mhs, and the payment is correct -(RIG/POOL)*40xzc.
The miningpool hub seems to accept stale share work. If you disconnect your miner for 10 minutes, shares are accepted when you reconnect. These stale shares can never find any blocks, so they will steal the profit from the profitable work. The gui of the pool is showing that the pool hashrate is higher than the network hashrate, but it's probly bad luck or a just pile of wortless stale shares... nightly build 2 dec.. The luck on the pool is around 20% lower than the estimate for the last 24 hours..
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shubaduba
Full Member
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Activity: 158
Merit: 100
mine safe o/
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December 03, 2017, 06:46:53 AM |
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The luck on the pool is around 20% lower than the estimate for the last 24 hours.. Yeah, but overall luck is nearly perfect. Why you look only at the last 24 hours?
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bensam1231
Legendary
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Activity: 1764
Merit: 1024
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December 03, 2017, 07:04:12 AM |
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We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem. If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now. So in 5 months 10K => at least 45K. 10K invested in BTC => 40K today Return to school boy - don't look more foolish than you are. Pointing the finger back doesn't make it true dude. The thing is YOU DIDN'T MAKE 3.5 ROI! That's what we're talking about you silly goose. You aren't earning $7.5 a day per 1070. Like you just will numbers out of your ass and go 'nuh uh'. The whole reason I brought it up is because we AREN'T making that sort of money and it's more profitable holding BTC then investing it in mining hardware. Why did you magically make an extra 5k in five months? Your numbers don't even make sense. Jesus... LOL hardware doesn't increase in value, it depreciates. And no, the prices of GPUs have relatively returned to the original values so they aren't artificially worth more (nor would you sell them right now anyway). When you would sell them, your quoted 'five years' down the line they'll be worth about $70 a piece. I guess it's better to be a 'boy' (apparently you know my age?) then someone who can't even do multipliciation, look at his earnings, or know about opportunity cost. We aren't even touching on the ability to move assets around since you can barely grasp earnings. -_- 10K rigs ROI in 1.4 months? Please teach me master! You must have an ASIC factory in your garage.
He's an idiot. Not wanting to butt this conversation, but I have no shame. - "GPUs don't appreciate" Funny how I sold my 280x GPUs for almost 2x what I paid for them...of course this summer people were going crazy, was a good time to offload the old gear. If I had the space I would keep everything.
Yeah, I bet you did, if you bought them used. Most people aren't stupid enough to buy used. In other words you bought them after the markets crashed in '14-15 and then sold them after Ethereum took off. That's rare and will more then likely (99.999%) never happen in the future. Ethereum is an extremely weird bird as far as cryptos go and there will more then likely never be anything like it again. Simple math. Best case scenario(unrealistic and incomplete) 10000$ / 250$ = 40 rx 570 (let`s forgot psu, mobo, ram etc..) Then profit is around 2$ per gpu per day with .10/kwh. So on a positive side let`s say we have 31 days months. So it`s 2480 of profit per month... 10000/2480= 4.03 month to roi. But there`s some unpredictable variables to add to mining and it is: What if you have been lucky and have start mining 2-3 months before the masses a low diff coin and this one jump 300% one day following a pump. Have got this result mining Zencash while everyone was mining eth. An other one that have happened to me. Have bought some Amd 570 before the Eth mining mania and have been able to sell all of them with a 100$ profit and then have rebuy some Gtx1070 at retail price and then add the option of mining Equihash efficiently . And now if I want to buy some Rx(best short term Roi) the price have returned to normal and even better I have rebought some rx570 that I have previously sold to a guy under retail price and as extra got the mobo and all the hw to complete the rig... Sometime the game is about timing and moving fast to stay ahead of the game. Holding coins and pray is not for me 99% are shit coins anyway, I make way much more $$$ with day trading then mining, but mining is a passive income that I still found interesting cause day trading is pretty time consuming. Spending almost 16h a day on that.... But nothing is free and this is not for everyone, 90% are too lazy and fail. So which one is the best? Holding or mining? Both have their plus and minus, I guess.... Maths with unpredictable variables = 0 . Roi time could be + or - . Even 580s aren't making $2 per day while dual mining. No, there isn't a 'pluses', you have to BUY hardware and it's not easily liquidable. Furthermore you would be earning a lot more then that this month considering (as of the original post) increased in value 56%. It's hilarious you are considering playing the 'hardware' markets by buying them low and selling them high, but we haven't even touched on actual markets. You could've done that with BTC this last month and made possibly double or triple your investment (based on the really big dives and rises we had). Overall if you just held you would've made an additional 56%. There is no way you will see a return anywhere close to that with mining. Not a chance. BTC isn't a shitcoin, nor is it 'praying'. If you don't understand markets you're in the wrong game. Could BTC interest decrease quite a bit? Sure. But you can just buy mining hardware then. The opposite direction isn't true, you can't easily turn mining hardware into BTC.
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I buy private Nvidia miners. Send information and/or inquiries to my PM box.
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garytheasshole
Full Member
Offline
Activity: 406
Merit: 105
Chosŏn Minjujuŭi Inmin Konghwaguk
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December 03, 2017, 11:41:10 AM |
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We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem. If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now. So in 5 months 10K => at least 45K. 10K invested in BTC => 40K today Return to school boy - don't look more foolish than you are. Pointing the finger back doesn't make it true dude. The thing is YOU DIDN'T MAKE 3.5 ROI! That's what we're talking about you silly goose. You aren't earning $7.5 a day per 1070. Like you just will numbers out of your ass and go 'nuh uh'. The whole reason I brought it up is because we AREN'T making that sort of money and it's more profitable holding BTC then investing it in mining hardware. Why did you magically make an extra 5k in five months? Your numbers don't even make sense. Jesus... LOL hardware doesn't increase in value, it depreciates. And no, the prices of GPUs have relatively returned to the original values so they aren't artificially worth more (nor would you sell them right now anyway). When you would sell them, your quoted 'five years' down the line they'll be worth about $70 a piece. I guess it's better to be a 'boy' (apparently you know my age?) then someone who can't even do multipliciation, look at his earnings, or know about opportunity cost. We aren't even touching on the ability to move assets around since you can barely grasp earnings. -_- 10K rigs ROI in 1.4 months? Please teach me master! You must have an ASIC factory in your garage.
He's an idiot. Not wanting to butt this conversation, but I have no shame. - "GPUs don't appreciate" Funny how I sold my 280x GPUs for almost 2x what I paid for them...of course this summer people were going crazy, was a good time to offload the old gear. If I had the space I would keep everything.
Yeah, I bet you did, if you bought them used. Most people aren't stupid enough to buy used. In other words you bought them after the markets crashed in '14-15 and then sold them after Ethereum took off. That's rare and will more then likely (99.999%) never happen in the future. Ethereum is an extremely weird bird as far as cryptos go and there will more then likely never be anything like it again. Simple math. Best case scenario(unrealistic and incomplete) 10000$ / 250$ = 40 rx 570 (let`s forgot psu, mobo, ram etc..) Then profit is around 2$ per gpu per day with .10/kwh. So on a positive side let`s say we have 31 days months. So it`s 2480 of profit per month... 10000/2480= 4.03 month to roi. But there`s some unpredictable variables to add to mining and it is: What if you have been lucky and have start mining 2-3 months before the masses a low diff coin and this one jump 300% one day following a pump. Have got this result mining Zencash while everyone was mining eth. An other one that have happened to me. Have bought some Amd 570 before the Eth mining mania and have been able to sell all of them with a 100$ profit and then have rebuy some Gtx1070 at retail price and then add the option of mining Equihash efficiently . And now if I want to buy some Rx(best short term Roi) the price have returned to normal and even better I have rebought some rx570 that I have previously sold to a guy under retail price and as extra got the mobo and all the hw to complete the rig... Sometime the game is about timing and moving fast to stay ahead of the game. Holding coins and pray is not for me 99% are shit coins anyway, I make way much more $$$ with day trading then mining, but mining is a passive income that I still found interesting cause day trading is pretty time consuming. Spending almost 16h a day on that.... But nothing is free and this is not for everyone, 90% are too lazy and fail. So which one is the best? Holding or mining? Both have their plus and minus, I guess.... Maths with unpredictable variables = 0 . Roi time could be + or - . Even 580s aren't making $2 per day while dual mining. No, there isn't a 'pluses', you have to BUY hardware and it's not easily liquidable. Furthermore you would be earning a lot more then that this month considering (as of the original post) increased in value 56%. It's hilarious you are considering playing the 'hardware' markets by buying them low and selling them high, but we haven't even touched on actual markets. You could've done that with BTC this last month and made possibly double or triple your investment (based on the really big dives and rises we had). Overall if you just held you would've made an additional 56%. There is no way you will see a return anywhere close to that with mining. Not a chance. BTC isn't a shitcoin, nor is it 'praying'. If you don't understand markets you're in the wrong game. Could BTC interest decrease quite a bit? Sure. But you can just buy mining hardware then. The opposite direction isn't true, you can't easily turn mining hardware into BTC. Playing with hardware is much safer than playing the market, you'll never lose 80% of the value on your GPUs over night, but Bitcoin can go back to $1000-2000 in matter of hours though.
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sp_ (OP)
Legendary
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Activity: 2954
Merit: 1087
Team Black developer
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December 03, 2017, 04:33:26 PM |
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Hi. please help with keccak-mode. It doesn't work with CREA coin.
CREA coin is using a different keccak implementation so my mod won't work. Mine Smartcash,Maxcoin rent out hash at nicehash or zpool or other compatible coins..
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abudfv2008
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December 03, 2017, 05:22:47 PM Last edit: December 03, 2017, 05:45:03 PM by abudfv2008 |
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1) The thing is YOU DIDN'T MAKE 3.5 ROI! That's what we're talking about you silly goose. You aren't earning $7.5 a day per 1070. Like you just will numbers out of your ass and go 'nuh uh'. The whole reason I brought it up is because we AREN'T making that sort of money and it's more profitable holding BTC then investing it in mining hardware.
2) Why did you magically make an extra 5k in five months?
3) Your numbers don't even make sense. Jesus...
4) LOL hardware doesn't increase in value, it depreciates. And no, the prices of GPUs have relatively returned to the original values so they aren't artificially worth more (nor would you sell them right now anyway). 5) When you would sell them, your quoted 'five years' down the line they'll be worth about $70 a piece.
I understand that it's hard to believe or simply understand but: 1) It's simple - I did. The recipy for today was simple SIGT(~1BTC), BTX (~2.5BTC), XSH(0.8BTC) and several others less profitable. 0.8BTC of XSH was mined by ~15*1070 for 2 days. ~0.3BTC(part of the total SIGT) was mined by 2*1080 by 1 night with the shittest sgminer that made less than 8Mh on 1060. 10K in GPUs made around 5.5BTC in total for 6months. Some were cashed out. Some remains in coins. If I wouldn't cash some BTC earlier - it would be ~60K at current price. 2) It's simple - price of coins change every day. 3) Yes - these numbers doesn't make sense for nichehash/zpool&yaap's/ethereum/zec/xmr and others mining and cashing out imediately. For most of those who mine only with x$/day in mind they don't make sense. 4) 1060/6 just before June pump cost <200Euro. You can check the price today. So even used they still cost +/- the same or even more - it's hard to find Samsung memory in 1060 nowadays. 5) Actually I don't care whether I would sell them or not in five years. I think in a year I can throw them in a trash and buy new generation of GPU's.
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abudfv2008
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December 03, 2017, 05:35:35 PM Last edit: December 03, 2017, 06:39:23 PM by abudfv2008 |
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No, there isn't a 'pluses', you have to BUY hardware and it's not easily liquidable. Furthermore you would be earning a lot more then that this month considering (as of the original post) increased in value 56%.
Your problem is that you don't understand main plus of hardware. You can MINE coins that you can't buy. You can mine them first, mine before someone will be able to buy them. And you can mine them a LOT. You can mine dozens of such shitcoins. XSH - definite shitcoin - pumped = 0.8BTC for 2 days of 15*1070. 3$*15GPU*30days = 1350$ 0,8BTC = 9200$ So my 15*1070 can earn nothing in the nearest 6months and still will be more profitable than niceminers.
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sp_ (OP)
Legendary
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Activity: 2954
Merit: 1087
Team Black developer
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December 03, 2017, 05:50:10 PM |
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You can mine dozens of such shitcoins.
then you get a shitload of coins.. You can become a crypto billionaire with just a few rigs in this klondyke...
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