if you are geting 2k profit from mining, its still profit even if your electricity was 500 a month! You see what I mean. As long as there is profit mining will continue.
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Isn't the mining craze pretty much over?
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if you are geting 2k profit from mining, its still profit even if your electricity was 500 a month! You see what I mean. As long as there is profit mining will continue.
I don't really think it's lucky. I know plenty of my friends working for other companies around the area that have the same sort of policy.
I'm not a manager, but my boss just says that as long as I get my 40 hours in and get reasonable work done then there is no problem.
! ! ! ! Let's stick head into sand and pretend nothing either goes wrong and should not be considered. Gotcha.
Yea it could. But your post was meant to say mining wasn't worth it due to that. Did I not say probability of your computer blowing up is likely pretty close to a mining rig blowing up? No? No one should stop doing business just because something could go wrong. Its a part of business.
managers have no choice in the matter, if there is work to be done over that 40 hours, they don't get paid for it unless its in their contract they get some kind of compensation or overtime, after the 40 hours they have to do the work, people that work for the manager, can go home if they are salaried employees or contract doesn't matter of course a contractor will get overtime over 40 hours. This is by law.
That is a good work place though, your boss has a good head on his shoulders
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horrorshow
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I sincerely hope this latest mining craze ends soon, it's kept me from upgrading to a 1060 6GB....
Def the worst bubble I've seen since Thanksgiving 2013....
Except this one is dying a slow death due to Ethereum being resistant to ASIC's.
Def the worst bubble I've seen since Thanksgiving 2013....
Except this one is dying a slow death due to Ethereum being resistant to ASIC's.
AltTabbins
Fully [H]
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Ethereum is back up to $400 again. Looks like its going to be a hard market for a while.
Plenty of gtx 1060 6gb card coming and going at decent price. You just need to set up notifications or browse few times a day. I get constant notifications from nowinstock from few months ago. But I had to turned them off since I am no longer looking and the notifications were plenty a day that they were getting annoying now. So I deleted them all.
Yea, plenty of GTX 1060 6GB dual fan gaming cards available but they are just $10 less than at the peak of the craze ... no thanks. But on the off chance that you found a source for some wonderfully priced 1060's how about posting a link? My experience has been, to date, not one poster ever posted a link when asked to. Not saying your post is bogus, I have no idea if it is but my Google searches find nothing in the decent price zone regarding 1060 6GB or 1070 cards.
They come in and out on newegg all the time. Evga SCs. Shit I am mining and I have gotten 10 overtime. I don't know why you guys can't find em. You just have to click on different editions on evga gtx 1060 page, from dropdown select 6gb and click on all the tabs. A lot of the times they won't show up in search. I even got some at 249.99. Although I haven't purchased for 2 months but its less of a craze now then it was back then.
horrorshow
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Some of us don't click links all day and we're certainly not concerned with mining....
Those $249 1060's are garbage, we all know this..
A decent 2 fan AIB-anything should cost that, not a single-slot rocking a garbage-fan.
The average gamer is getting screwed because a select few want to turn a penny into a nickel.
If this kinda malarkey keeps up, I may just convert to consoles in the next couple of years...
The suppose DDR5 and 5(x) shortage may just make things even worst. The high cost today will most likely mean very low cost later when all of these cards (at least the ones that work) are dumped on the market. Mining is probably not where the money is either, co-worker made $6000 last month alone investing/selling coins, being a very volatile market (up/down) some will make a killing, at least so far he is. To top it off he has zero hardware to worry about.
Seems like it's pretty erratic lately. It got up to 380 on Thursday and on a steady decline since then. Down to 280 now. Might start seeing a wave of RX 470/480 and GTX 1060's go up on the FS forums
atp1916
[H]ard|DCoTM x1
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AMD / NVidia + all their AIBs just need to accept that mining is no fad.
Change the production models based off of gamer-only supply n demand, cause the miners aren't going anywhere.
In fact, mining may actually save the pc gaming industry.
Change the production models based off of gamer-only supply n demand, cause the miners aren't going anywhere.
In fact, mining may actually save the pc gaming industry.
AMD / NVidia + all their AIBs just need to accept that mining is no fad.
Change the production models based off of gamer-only supply n demand, cause the miners aren't going anywhere.
In fact, mining may actually save the pc gaming industry.
How are you going to determine if a GPU sale is being used for mining vs gaming?
Got curious and sure enough, quite a few GPU's up for sale right now.
On the first page I counted:
4x 1070's
6x 1060's
The RX 4/5 owners still seem to be holding on to their cards.
Shintai
Supreme [H]ardness
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https://www.bloomberg.com/news/arti...lampdown-could-hit-105-000-mainland-investors
This isn't going to help coins.
This isn't going to help coins.
atp1916
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Missing the point.
Certain models are best-in-class for both use cases.
If i'm NVidia / AMD or one of the assorted AIBs, i don't care how my card is being used - i just care that a) there's a market for it b) i sell it in that market.
That "new" market is the miners, and until manufacturers decide to recognize it - this kind of stuff will happen time and time again.
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I misread your post, it interpreted as changing their model to a gamers-only model.
That said, they have recognized by planning mining only cards (at least NVidia, not sure about AMD) beyond that, mining is very volatile. Doubling or tripling their production only to end up sitting on a bunch of hardware should something disrupt the market isn't going to be very beneficial.
GPU mining comes and goes, when it comes it's bad for gamers, when it goes, it would be bad for vendors/manufacturers should they adopt what you're proposing.
Zedicus
[H]ard|Gawd
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mining is down lower than it has been in a while. and it is still about 10x more profitable than the cost of electricity. so yeah, its going to be here a while.
Not where I live at .21/kwh with Tier 1 pricing and double that if you consume enough to bump you up to Tier 2
tacohunter52
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So that's what happened.
I think he's basing it off the US national average at 12c kwh.
Zedicus
[H]ard|Gawd
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its .10 a kw average here. no max. if i file for a business license and pay to have 3 phase installed (i might so i can run a nice welder) i can get it down to .08 a kw. i will mine even if the most valuable coin is down to 10$.
there already is a full time daycare in my house, and 2 almost teenage girls. my 10 rx 470 cards mining is a SMALL percentage of the 500$ a month electricity bill. at .10 a kwh.
there already is a full time daycare in my house, and 2 almost teenage girls. my 10 rx 470 cards mining is a SMALL percentage of the 500$ a month electricity bill. at .10 a kwh.
About 20% by my calculations. Not a huge percentage but certainly not "SMALL"
EDIT: That also doesn't take into account any additional cooling your home would require to keep that running. Probably a non-issue during the winter months, but in the Summer with AC running more often to remove the heat, you're probably looking at a fairly significant portion of the bill going towards mining.
At the current exchange rate, it would still be profitable. If it goes down to $10, you'd be losing money every month. You're talking about your mining revenue being 4% of what they are now if it goes to $10. That means if you're making $1000/month now, you'd be making $40 @ $10
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Zedicus
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last time i figured it up it was like 14-16 percent. i have some under clocking and low power CPU's. and my systems are plugged in to kill-a-watt monitors so i can see what they are pulling at the wall. getting the kids to shut off any of the TVs, PS4, wii, not try to air condition the patio by leaving the back door propped open, or even shut a lite off during the day would likely make as much of an improvement in the bill as turning off the rigs. and the difference there is that the mining rigs actually bring in revenue. unlike the kids.
D
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Re: 1060s; I snagged a Zotac Amp 1060 off of ebay for $255 a couple weeks ago for a 1080p gaming build for a friend. A few days later I missed out on another for myself (was driving home) that sold for $230. I've also watched Newegg and Amazon - by "watched" I mean I occasionally check the websites through the day and do a search - and I've seen models come and go in stock for around that price. Amazon had 1060 Amp cards for $260 yesterday but I missed that deal, now it's back to third party sellers charging $50 more. I also check the trade forums here from time to time.
It doesn't take clicking links all day to find them, just search every once in a while for whatever specific model you want and be ready to buy it when it comes in stock.
I'm actually trying to find an 8GB RX 580 for my gaming build right now, and that's beyond frustrating. Cards that had $230 MSRP are selling regularly for double that! At that price I'd just as well spend a little extra and buy a 1080! But I don't want to spend $540 on a video card, I'd like to spend about half that.
The only thing I can think will be nice is the possibility that one day people start unloading all of the cards they are hoarding and the price on the secondary market bottoms out. But it seems like it will take a while longer to get there this time around.
It doesn't take clicking links all day to find them, just search every once in a while for whatever specific model you want and be ready to buy it when it comes in stock.
I'm actually trying to find an 8GB RX 580 for my gaming build right now, and that's beyond frustrating. Cards that had $230 MSRP are selling regularly for double that! At that price I'd just as well spend a little extra and buy a 1080! But I don't want to spend $540 on a video card, I'd like to spend about half that.
The only thing I can think will be nice is the possibility that one day people start unloading all of the cards they are hoarding and the price on the secondary market bottoms out. But it seems like it will take a while longer to get there this time around.
It has bounced back to $328 at the time of this post so it didn't stay down long.
Even then It’s not bad. As an example I am mining with few rigs. I am going to just do it until I break even + little more. In another 2 months I will have accomplished that. Then I can actually sell my parts for profit if I want. Even right now I am at 12-1300 profit. My electricity bill is about 300 for just the cards and 250 for blasting the Fuckin ac in summer. But starting next month my rate goes Lower during off peak season and no more AC will be needed in another week or so. So as long as I am at profit I don’t mind doing this. I might reduce my rigs to 3 and sell off two in a few months.
People don’t stop mining just because of price decline. Eth crashed to 139 before. It’s like a stock market only it corrects much quicker then that and also goes up quicker than that. Eth is a very solid coin there is majority of companies building technology off eth. By next year eth will be mining free and move to staking system. More efficient and price will
Sky rocket as well because supply will go down. It will go to 500 next and correct to 380 again watch. Just name of the game.