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Friend of mine has been keeping an eye on ebay gpus and said there are a bunch of newish mining builds and cards on ebay now. Have the large miners squeezed out the small timers or is it just getting too hard to turn a profit?
I believe if you try to do this alone, it be very hard to make money, unless you have a huge mining operation. The money is in mining pool where small timers can still get into the action and make money.
My old ass 750ti will do a $1 a day. The newer cards will do quite a bit better.It depends on your definition of "make money." You can turn pretty much any higher end video card loose on Nicehash and make $1 a day in BTC. You'll never get rich from it, but you will turn a profit.
My old ass 750ti will do a $1 a day. The newer cards will do quite a bit better.
My old ass 750ti will do a $1 a day. The newer cards will do quite a bit better.
It has been a few months, it use to lol.nope, no way a 750ti will do 1$ a day..
I think the profitability has dropped to the point where the ROI is pushed out to around 250 days+ at inflated prices for cards. A lot of guys don't even get involved unless the ROI is within 180 days.
You have lots of other 100% ROI options in your investments in less than a year do you?Actually, with the current profitability, the ROI for even MSRP cards is going to be over 250 days. At $0.10 /kWh, a GTX 1060 6Gb has a profitability of $0.89/day (280 days ROI if you get it at $250), or a GTX 1070 has a profitability of $1.35/day (281 days ROI if you get it at $380).
So, unless you are just mining and holding--hoping that your coin will at least double in value, I can't imagine that people will still be jumping into mining.
You have lots of other 100% ROI options in your investments in less than a year do you?
How’s your 401k doing the last few years? Did it double in a year?
What about the rental properties you own? Did you completely pay it off in 9 months and then subsequently have both the asset value and a source of income?
Nope. You are right. My 401K only went up 30% last year and 10% this year.
But, at the end of January, the profit on a GTX 1070 was over $3/day and a GTX 1060 was ~$2/day. They are both less than half of that now. So, even if the ROI on a card at MSRP is at 280 days today, you'll probably never realize that. It will keep getting longer and longer.
But, at the end of January, the profit on a GTX 1070 was over $3/day and a GTX 1060 was ~$2/day. They are both less than half of that now. So, even if the ROI on a card at MSRP is at 280 days today, you'll probably never realize that. It will keep getting longer and longer.
Remember you should assume your average ROI for stocks is ~7% annually. Don't get swept up into thinking this is normal.
My 401K is 28 years old... so I definitely don't think the past two years in the stock market is normal. I was there in 2003 (lost about 40% in a few weeks time) and 2008.
Mining profits are up and down. I started last June. I saw anything from $2.15 a day to $12 a day on my 1080TI cards (Gross profit). Current profit isn't any lower than a two week period last fall. (about $2.25 a day right now) Unless you think Crypto is outright done and fading away ( I don't)
For the mining scene to really change, you need 1) a paradigm change, like a high-end mining-specific set of cards that make gaming-specific GPUs obsolete somehow, or 2) most coins changing from proof of work (mining) to proof of stake (holding / interest), or 3) whole system collapses or otherwise stops being profitable.
Actually, with the current profitability, the ROI for even MSRP cards is going to be over 250 days. At $0.10 /kWh, a GTX 1060 6Gb has a profitability of $0.89/day (280 days ROI if you get it at $250), or a GTX 1070 has a profitability of $1.35/day (281 days ROI if you get it at $380).
So, unless you are just mining and holding--hoping that your coin will at least double in value, I can't imagine that people will still be jumping into mining.
Where you getting your numbers? Nicehash. There full of Shit. There always way off. Mine are already paid off. It all comes down to how much hashing power you can get out of a card or should I say cards! Go look at what Nicehash say's that a GTX 1070 is making more then a GTX 1070ti.
Quite a few of your open-air miners will spin stuff down over the summer. I feel this is what folks are seeing.
With new card iterations coming out, some miners will preemptively clear out for a tech refresh.
Some could see this as 'slowing down'.
Remember you should assume your average ROI for stocks is ~7% annually. Don't get swept up into thinking this is normal.
I sure hope so. I want to upgrade my GTX 970 to a GTX 1080 Ti, and in turn upgrade the kids GTX 660 to a GTX 970.Things are slowing down. A vega64 will make you ~$2 a day now. Unless coin prices come back up you will see more and more miners unloading now that they don't see ROI in the near future.
stupid postIf you're only getting 7% annually in the stock market then you're a huge pussy. Which is fine, but someone getting a nice safe 7% every year has no business in Crypto, the most volatile thing you could consider putting any type of money into...
If you're only getting 7% annually in the stock market then you're a huge pussy. Which is fine, but someone getting a nice safe 7% every year has no business in Crypto, the most volatile thing you could consider putting any type of money into...
Yes, those were Nicehash numbers. However, here is an attempt at my actual numbers...
I don't know what my GPUs are earning individually (1x 1070, 5x 1060s)--just their aggregate earnings, but lets assume that the Nicehash numbers are somewhat accurate. If the 1070 gets $1.35/day per Nicehash while the 1060 gets $0.89/day per Nicehash (after electricity), the 1060 earns about 66% of the amount that the 1070 earns (0.89/1.35). It would be better if I had the Nicehash values before accounting for electricity.
I'm running all of my cards at about 72% of their nominal clocks using Afterburner (not sure if it will actually scale the power by the same amount, but lets assume it does). So, my total cost for electricity (running these 24/7) is:
Electricity = (150 W + 5*120 W) * 0.72 * 24 hours/day * $0.10/kWh * 0.001 W/kW * 365 days/year = $473.04/year.
Using an average value of $10,000/BTC (the daily closing average from 3/1/18 to 3/12/18), my electricty costs ~0.0473 BTC/yr or ~0.00013 BTC/day.
These cards have been earning an average of 0.0007004 BTC/day between 3/1/18 and 3/12/18. So, my net earnings are 0.0005704 BTC/day (0.0007004 - 0.00013).
Letting 'x' be the daily earnings of the GTX 1070,
(x + 5*0.66*x) = 0.0005704
So, x = 0.000133 BTC/day. Again, using a value of $10,000/BTC... the GTX 1070 earns $1.33/day (0.000133 * 10000). Each 1060 earns ~$0.88/day (0.66*$1.33).
Based on my actual usage, I'd say the Nicehash calculator is pretty spot on.
1080 Ti is only making about 2.5 a day. Who is paying 1000 for it must be crazy.
Electricity = (150 W + 5*120 W) * 0.72 * 24 hours/day * $0.10/kWh * 0.001 W/kW * 365 days/year = $473.04/year.