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Topic: GPU mining will die in 2018! (Read 16940 times)

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 05:20:26 AM

#521

Quote from: LSteve on March 30, 2018, 02:29:28 AM

Quote from: Metroid on March 30, 2018, 02:18:06 AM

Quote from: LSteve on March 30, 2018, 01:41:52 AM

This is not a financial advice but when you're riding your Lambo... Remember me.

hehe, yeah this is one opportunity that people will regret not taking in few months, this is not stocks or anything that can be explained, in a month altcoins lost 500% in value, eth hit almost $1400 and now is $380, that is almost 400% and some alts lost 1000%, that is a lot of money, nothing really happened to bitcoin, from $17k to $7k, 60% crash is nothing really if you consider eth which is top 2 and had almost 80% crash.

My calculation is different, for example eth hit almost $1400 and now is $380 which 380 x 3.7 = $1406, which means eth lost 3.7 times its value whereas btc lost a lot less, btc right now is $6800 and hit almost $20k so meaning, 20000 6800 = 2.9 times lost since its highest all time value.

I'm such a coward. I will die poor. My only hope is that price goes to 100 and mining difficulty drops to a point I can mine 1eth a day Grin

Difficulty will not drop ever. But net hashrate will. And if ya will be more stubborn then others ya can mine a bit more. Not 1 ETH a day of course but up to 10-20% may be.
Now the levels of zero profitability in current prices and cheap electricity are coming. As I said earler it is near $300 per ETH.

shibob

Full Member

Activity: 392
Merit: 154

Blockchain Evangelist.

Re: GPU mining will die in 2018!

March 30, 2018, 01:16:51 PM

#522

I sold some ETH at 490$, that time, I just planned to grab some 2nd hand GPUs as I saw a lot of people started to sell their rigs.
But it seems like it's better if I wait to buy back ETH at lower price, at this 300$ it means I get profit already with 60%.

Indigenousinnovation

Newbie

Activity: 17
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 02:15:26 PM

#523

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

MinedTangerine

Jr. Member

Activity: 308
Merit: 4

Re: GPU mining will die in 2018!

March 30, 2018, 02:22:45 PM

#524

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

SUQA - A new open source peer to peer digital currency
(https://suqa.org/)

LSteve

Newbie

Activity: 25
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 02:55:32 PM

#525

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Years depending on the electric cost. At this current prices if you want to be in the market I would use that fiat to buy crypto at the next technical support level and hold.

If you pay more than US0.10Kwh I would stay way from mining. Also if you consider this fact that PROBABLY ETH will go POS this year, what will be left to mine? Way more Risky altcoins, that you should probably mine and exchange them for more secure coins. If you start now, you will at least get fair value price GPUS.

Swanson

Newbie

Activity: 182
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 03:13:18 PM

#526

too early for GPUs to die. not this year. Dont forget that GPUs have more than one predestination unlike asics. Thats why people still prefer them

ztsx08

Full Member

Activity: 140
Merit: 100

Re: GPU mining will die in 2018!

March 30, 2018, 04:00:56 PM

#527

I think GPU minin will never die there are so many Coins with a ASIC resistence code and if it is not there come other coins that are worth to mine with GPU.

Mike011

Full Member

Activity: 312
Merit: 104

Re: GPU mining will die in 2018!

March 30, 2018, 04:12:21 PM

#528

Small time players with one or two rigs and full price for electricity are being pushed out. Only big farms with negotiated (lower) power cost will prevail. People with weaker cards (580@570, 1050 and 1060) will shut down first.

LSteve

Newbie

Activity: 25
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 04:29:23 PM

#529

Quote from: Mike011 on March 30, 2018, 04:12:21 PM

#Preach. True.

mrsimons121

Member

Activity: 182
Merit: 10

Re: GPU mining will die in 2018!

March 30, 2018, 05:04:06 PM

#530

I guess now unbelievers are now kind agreeing with me about gpu mining will die in 2018, more and more action of asic companies and idiots which were buying rx 580 for $1000 resulted in what we see now, greedy bastards.

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 07:45:35 PM

#531

Quote from: mrsimons121 on March 30, 2018, 05:04:06 PM

You are right.

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 07:48:25 PM

#532

Quote from: shibob on March 30, 2018, 01:16:51 PM

Smart conclusion. Better to buy chipper ETH instead of buing still overpricing GPUs

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 07:51:48 PM

#533

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Nope.

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 07:54:18 PM

#534

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

aundroid

Legendary

Activity: 1232
Merit: 1257

Re: GPU mining will die in 2018!

March 30, 2018, 07:59:20 PM

#535

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

Maybe you should take a look at coins which are not yet listed on whattomine Wink

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gotminer

Member

Activity: 644
Merit: 24

Re: GPU mining will die in 2018!

March 30, 2018, 08:00:32 PM

#536

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

Maybe if you're trying to mine with older gpu's. I don't mine with anything older than a 1070ti. Those are still profitable even at today's coin prices. I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 08:09:06 PM

#537

Quote from: aundroid on March 30, 2018, 07:59:20 PM

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

Maybe you should take a look at coins which are not yet listed on whattomine Wink

May be. But it is not mining. It is speculating. Also better to buy bunch of those shitcoins and wait until one of them shooted.
Mining otherwise - when ya set your farm and it's mining without interaption.

dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 08:16:24 PM

#538

Quote from: gotminer on March 30, 2018, 08:00:32 PM

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

May be. Let's estimate. 1070 and 1070ti are the best ones now.
They ' ll give you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

JaredKaragen

Legendary

Activity: 1918
Merit: 1166

My AR-15 ID's itself as a toaster. Want breakfast?

Re: GPU mining will die in 2018!

March 30, 2018, 08:32:44 PM

#539

Quote from: dimpsk on March 30, 2018, 08:16:24 PM

Quote from: gotminer on March 30, 2018, 08:00:32 PM

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

you crazy..... I earn over $1/day on a 1070 on a long standing algo.....
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol; you can definitely be profitable. Food for thought.

Link to my batch and script resources here.

DO NOT TRUST YOBIT -JK (do they even still exist?)

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dimpsk

Newbie

Activity: 112
Merit: 0

Re: GPU mining will die in 2018!

March 30, 2018, 08:52:08 PM

#540

Quote from: JaredKaragen on March 30, 2018, 08:32:44 PM

Quote from: dimpsk on March 30, 2018, 08:16:24 PM

Quote from: gotminer on March 30, 2018, 08:00:32 PM

Quote from: dimpsk on March 30, 2018, 07:54:18 PM

Quote from: MinedTangerine on March 30, 2018, 02:22:45 PM

Quote from: Indigenousinnovation on March 30, 2018, 02:15:26 PM

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually ya don't understand what are you talking about. Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very chip.

Yep it's near $1 per day (a bit less) if your electricity is free. I just checked it up. Otherwise it's a bullshit.

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