Riding the Crypto wave

[FireFox]

I may stop

I have stopped since this morning.

 

[Delta6326]

Ouch I'm down to $4.15 for my 1080 Ti...

My time keeps going up any idea when I would get my actual payout?

 

[LightningJR]

Ouch I'm down to $4.15 for my 1080 Ti...

My time keeps going up any idea when I would get my actual payout?

My payout has been the 27th since I first started. idk how yours have been going up. :S

 

[FireFox]

Mine is today at 11:59 am

 

[cdawall]

I haven't stopped mining just remember that the number of bitcoins you get doesn't go down just the value of them.

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[FireFox]

I haven't stopped mining just remember that the number of bitcoins you get doesn't go down just the value of them

You just tell me Does it makes any sense to have 400W+ mining to earn just 2 or 3 coins per day, is it profitable?

Note: @notb don't you sleep

Joke.

 

[cdawall]

You just tell me Does it makes any sense to have 400W+ mining to earn just 2 or 3 coins per day, is it profitable?

Note: @notb don't you sleep

Joke.

If the price shoots back up to 3K in a week would you be willing to wait? If the answer is no it isn't worth it to you. I am still profitable myself right now.

 

[LightningJR]

If the price shoots back up to 3K in a week would you be willing to wait? If the answer is no it isn't worth it to you. I am still profitable myself right now.

I am still profitable too. The price per day would have drop to under 40c a day to make me break even. As i only have a single 1070 going and its my main rig idk if the $90 a month is worth the time, thrashing of my gpu or the ability to not be able to use my rig. By all means if your profitable then mine away. I just hope it doesnt kill ur cards before you can replace them. (speculation of course)

 

[cdawall]

I am still profitable too. The price per day would have drop to under 40c a day to make me break even. As i only have a single 1070 going and its my main rig idk if the $90 a month is worth the time, thrashing of my gpu or the ability to not be able to use my rig. By all means if your profitable then mine away. I just hope it doesnt kill ur cards before you can replace them. (speculation of course)

They have warranties for a reason. What's funny is my brother doesn't mine at all has a nice 1070 and guess whose card bit the bullet...

 

[yotano211]

I'm still mining with 17.5 rigs. The .5 is cuz #22 keeps going down every 5 hours at my friends house.

 

[toilet pepper]

Well nicehash shows its limitation with the bitcoin price dip. Your efforts automatically get converted to bitcoin and not the currency you are mining.

On another note, they're pre-selling GP-106 mining cards here in the Philippines for $250. Too little too late.

 

[cdawall]

Well nicehash shows its limitation with the bitcoin price dip. Your efforts automatically get converted to bitcoin and not the currency you are mining.

On another note, they're pre-selling GP-106 mining cards here in the Philippines for $250. Too little too late.

Ethereum percent wise dropped much further than BTC. Remember at the end of the day you are mining the same coin amount so if tomorrow the price of a bitcoin hit 3k it would be no different than if it never dropped.

 

[notb]

You just tell me Does it makes any sense to have 400W+ mining to earn just 2 or 3 coins per day, is it profitable?

Note: @notb don't you sleep

Well... we all hear stories like "I wish I had kept my coins few months ago" and so on...
Earlier I wrote about the uncertain cryptocurrency price behavior and risk of mining. Here you go!. :-D

Overall, not much has changed. As long as PCs earn more than they cost to run, there stills exists a time horizon T at which you'll break even. You're only concern is the GPU lifetime.
Of course @cdawall is mining in US and you're AFAIK in Germany, so there's a big difference in electricity cost and he can accept much larger drops in BTC price.

The interesting part now is the NVIDIA vs AMD comparison. AMD cards mine more, but use more power (and now: cost a lot more). At peak BTC-to-GPU_price moment RX cards where way more profitable. However, at this point GTX1060 should already be pretty close to the RX580 (surely in Germany :-D).

Fundamentally, BTC is still the only cryptocurrency usable in a choice of mainstream stores and nothing huge happened in legislation or technology. If one believes $2.5-3k is a proper value of BTC, then he shouldn't worry about fluctuations.
If one thinks this is a bubble, why invest into this at all? That would be some pretty risky speculation. Looking at how quickly BTC price has grown, it's almost impossible that the bubble would last for another 4+ months (the current ROI for most GPUs).

And I'm in Poland, so it's GMT+2.

I'm still mining with 17.5 rigs. The .5 is cuz #22 keeps going down every 5 hours at my friends house.

Considering how many GPUs you got, your really don't have a choice, do you?

 

[yotano211]

Well... we all hear stories like "I wish I had kept my coins few months ago" and so on...
Earlier I wrote about the uncertain cryptocurrency price behavior and risk of mining. Here you go!. :-D

Overall, not much has changed. As long as PCs earn more than they cost to run, there stills exists a time horizon T at which you'll break even. You're only concern is the GPU lifetime.
Of course @cdawall is mining in US and you're AFAIK in Germany, so there's a big difference in electricity cost and he can accept much larger drops in BTC price.

The interesting part now is the NVIDIA vs AMD comparison. AMD cards mine more, but use more power (and now: cost a lot more). At peak BTC-to-GPU_price moment RX cards where way more profitable. However, at this point GTX1060 should already be pretty close to the RX580 (surely in Germany :-D).

Fundamentally, BTC is still the only cryptocurrency usable in a choice of mainstream stores and nothing huge happened in legislation or technology. If one believes $2.5-3k is a proper value of BTC, then he shouldn't worry about fluctuations.
If one thinks this is a bubble, why invest into this at all? That would be some pretty risky speculation. Looking at how quickly BTC price has grown, it's almost impossible that the bubble would last for another 4+ months (the current ROI for most GPUs).

And I'm in Poland, so it's GMT+2.


Considering how many GPUs you got, your really don't have a choice, do you?

I can actually sell all of the AMD cards I have and make a nice inflated profit on them. I am switching to Nvidia from AMD so I am actually starting to sell everything AMD, there is more to the AMD cards on mining that you dont know. Its called the DAG epoch file. And I have more issues with these **cking AMD cards then ever. No wonder I never buy shitty AMD cards for normal usage.

 

[cdawall]

I can actually sell all of the AMD cards I have and make a nice inflated profit on them. I am switching to Nvidia from AMD so I am actually starting to sell everything AMD, there is more to the AMD cards on mining that you dont know. Its called the DAG epoch file. And I have more issues with these **cking AMD cards then ever. No wonder I never buy shitty AMD cards for normal usage.

Why do you think I was so fast to drop using them. Luckily I have gamed on amd for years and knew the work arounds. Hell I have a box of active dp adapters so I can use the bastards remotely lol

 

[yotano211]

Why do you think I was so fast to drop using them. Luckily I have gamed on amd for years and knew the work arounds. Hell I have a box of active dp adapters so I can use the bastards remotely lol

I dont buy anything AMD, esp. their graphics card for normal usage. I've had horrible issues with laptop that had AMD cards. And with this DAG file thing coming up, it tells me that AMD drivers are at fault for the massive decrease in hash speed. Again its the stupid shitty AMD drivers that are at fault.

 

[notb]

I can actually sell all of the AMD cards I have and make a nice inflated profit on them.

That depends when you got them. Prices in stores are out of control now, but should drop soon enough.
Also there's a huge mistake made by all massive miners, who assume they can always sell the card when mining profits stop. Who will you sell them to? :-D

As long as the cards you have are seen as good for mining, you might as well sell them to another mining farm owner.
But every time a set of GPU stops being usable for mining, there will be a flood of used cards for sell. This oversupply will not only push the used prices down but also lead to many of them not being sold at all.

I am switching to Nvidia from AMD so I am actually starting to sell everything AMD

Aren't these AMD cards the ones you've mentioned in this discussion (i.e. you've ordered them in June)? If so, they must have already been hugely expensive and many weeks from ROI.
I hope you analyze this activity well and there is a positive outcome in your magic spreadsheet. :-D

Maybe you have a cheap source for GPUs, but current prices on new GTX cards and latest mining profitability mean that the typical ROI is no longer ~2 months but almost half a year.

In the end it's actually irrelevant whether you end up with tens of AMD or NVIDIA cards. You'll struggle to sell them all.

 

[FireFox]

Who will you sell them to?

With the second 1080 i will build a backup Gaming Machine, with 1070 i will build a third backup Gaming Machine and with the 2 x 1060 a fourth backup gaming Machine in SLI

 

[hat]

The market is volatile. Prices will go up and down. Hang in there, it'll be alright.

 

[Delta6326]

Just wanted to say my payout was successful. Time for steam sale... I'm mean savings

EDIT: so whats the best way to convert it into USD, without or low fees? Just got a game from steam sale but had to pay like 35% fee with Coinbase BTC Wallet... luckily it was only $3

 

[TheoneandonlyMrK]

knoxx29 , you cant sli 1060s mate ,doubt it matters that much but its a bit shit.

im waiting on risers now to finish a decent miner

 

[cdawall]

Just wanted to say my payout was successful. Time for steam sale... I'm mean savings

EDIT: so whats the best way to convert it into USD, without or low fees? Just got a game from steam sale but had to pay like 35% fee with Coinbase BTC Wallet... luckily it was only $3

What is your fee so high for? Coinbase is one of the cheaper converts.

knoxx29 , you cant sli 1060s mate ,doubt it matters that much but its a bit shit.

im waiting on risers now to finish a decent miner

You can with modded drivers...

 

[TheoneandonlyMrK]

Why do you think I was so fast to drop using them. Luckily I have gamed on amd for years and knew the work arounds. Hell I have a box of active dp adapters so I can use the bastards remotely lol

so the way you and yotano are discussing this raises a question for me, do nvidia cards not use a dag file or do they use it different?

just trying to stay on point nothing else.

 

[FireFox]

you cant

Sorry i forgot that.

Coinbase is one of the cheaper converts

Yeap, cheap cheap.

so whats the best way to convert it into USD, without or low fees?

Maybe you should send it to your bank account?

just €0.15 fee, not bad at all

 

[hat]

Remember, the BTC you mine stays the same (relative to your hash rate). The value of bitcoin is volatile, that's why the payout numbers are different. You could just keep on mining bitcoin and save it for a later date when it's (hopefully) even more valuable than it is now. I saw a story recently about some big investor guy that thinks bitcoin could be worth $100k each in 10 years. Of course that's speculation and wildly risky, but we all knew it was risky going in.