Barely profitable...

Discussion in 'Mining & Cryptocurrency' started by lightsout, Mar 8, 2018.

  1. lightsout

    lightsout Limp Gawd

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    Dang, just wanted to vent, my couple little nvidia cards are barely making over electricity cost. (making $1.50 a day) Crazy how quickly things tanked since I got back into it a month ago.
     
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  2. FlawleZ

    FlawleZ Gawd

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    Well, mining is mainstream now. It's like anything else that becomes mainstream. You've gotta find a niche or you'll just be 1 step behind the guy with deeper pockets and more heavily invested.
     
  3. Wyodiver

    Wyodiver [H]ard|Gawd

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    Cool, sell your GPUs as used.

    Eventually it will happen. Mining will tank.
     
  4. Verge

    Verge [H]ardness Supreme

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    Getting there, i see more and more AMD cards on ebay as profits are extremely slim. Break even is very long. If you are just starting now, i have bad news.
     
  5. lightsout

    lightsout Limp Gawd

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    I'm always super tempted but know I won't afford a replacement any time soon. For the times I feel like gaming.
     
  6. multi-tasking_guy

    multi-tasking_guy [H]Lite

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    profits tanked so much its not even worth it anymore

    heres my 1 rig, 4 cards, making a measly 2.04/day

    Screenshot_2018-03-09_21-24-25.png
     
  7. oblox

    oblox Gawd

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    Ugh.... what are you mining with and what is your electric rate?
     
  8. multi-tasking_guy

    multi-tasking_guy [H]Lite

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    actually, i just noticed that i have been making the same amount of btc/day before and after it tanked

    so really i am making the same, the only difference is bitcoin isnt worth as much at this moment,
     
  9. lightsout

    lightsout Limp Gawd

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    Is that true? I never really look at the BTC, just the USD, and its dropped 40-60% at times.

    What 4 gpus are those? I'm doing the same with one 1070. Dual mining has seemed to be less profitable to me, I unchecked all those coins that dual mine.
     
  10. odditory

    odditory [H]ardness Supreme

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    Stop worrying about USD/day.
     
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  11. cdabc123

    cdabc123 [H]ard|Gawd

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    my etn rigs are still VERY profitable and my zcash rigs are beating electric by a fair margin. and remember price right now doesnt matter, it only matters what you sell at.
     
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  12. pclausen

    pclausen Limp Gawd

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    Its not TOO bad. I'm doing about $165/day (if I was to sell what I make each day which I'm not), and my monthly power cost is about $1,000. So about $4,000 net profit each month. Sure, its not like December or January, but definitely still profitable. Of course of you paid 2x retail for your cards, the picture would look different...
     
  13. atp1916

    atp1916 [H]ard|DCoTM x1

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    Even at ~.13c/kWh, i am still quite profitable.

    As profitable as a few months ago? Naw.

    Future millionaire? yeah.

    ;-)
     
  14. profiled

    profiled [H]Lite

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    its not profitable. better cash out and sell u cards now :whistle:
     
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  15. lightsout

    lightsout Limp Gawd

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    I guess thats all I really care about because I am not holding. I am just getting some extra cash for tuition bills.
    How many gpu's is that?
     
  16. DBZ33

    DBZ33 Gawd

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    He probably has 70-80 1080ti's for that amount per day.
     
  17. illram

    illram [H]ard|Gawd

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    Was there ever a time you could mine, say, 1 BTC a day with a single top tier GPU? Asking just to gauge how badly I missed this mining boat.
     
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  18. cpuspeed

    cpuspeed Limp Gawd

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    there was a time when you could mine thousands of BTC with an average laptop. you're about 9 years late to the party.
     
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  19. pclausen

    pclausen Limp Gawd

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    Nah, I got:

    26 1080Ti
    12 1070Ti
    17 1070
    21 1060 3GB
    1 1050Ti
    2 Antminer S9

    BTC dropped a lot today (currently at $8,576) so I'm down to $152 right now according to Awesome Miner.
     
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  20. DBZ33

    DBZ33 Gawd

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    That will do it. Nice way to spend almost $50k. Do you have pictures of this monster farm?
     
  21. pclausen

    pclausen Limp Gawd

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    Right now the rigs are scattered around the house to provide heat although I still have to leave windows open since they provide too much heat, even when it is below freezing outside, lol. I'm working on creating a space for all of them in my detached shop building, so they will all be moved there this spring as soon as the weather turns warmer. I started purchasing GPU's last August and managed to get most of the 1080Ti's at under $700 and the 1070's at under $400 (as low as $340). Those were the days. In all I got a little under $40k in the rigs and everything has ROI'ed at this point.

    I use HIVE OS and here's a shot if the GPU miners:

    HIVE_3_11_18.jpg

    And Awesome Miner where I track earnings in real time:

    AM_3_11_18.jpg

    Right now I'm doing NiceHash, but it varies. I was doing ZCL for a few weeks leading up to the BTCP fork, so I'm holding both ZCL and BTCP waiting for something to hopefully happen with those. Sometimes I'll cash out BTC on a daily basis when it is on a downward trend, and hold it when it is rising. Sometimes that works in my favor, sometimes it doesn't.
     
  22. DBZ33

    DBZ33 Gawd

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    That Hive OS looks interesting and I love the GUI. I have 24 1080ti and 12 1070ti most ran Nicehash however I have now gone back to mining Zcash on Nanopool. I will have to checkout that Hive OS, thanks for the pictures..
     
  23. Verge

    Verge [H]ardness Supreme

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    My ETN is crap these days, hopefully it goes back up. It's about 1/2 of 2 months ago.


    Last big stock market pullback 3 weeks ago, I spent about 6k on stocks... already made 1,000. Not really sure crypto is where the money's at.
     
  24. fantome2024

    fantome2024 Gawd

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    to me this is a long term investment, yes the market is down at the moment but 1 year from now 2,3,4 years the value will be higher. Just gotta HODL and pay that electric bill out of pocket :)
     
  25. Derfnofred

    Derfnofred Gawd

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    Maybe, or maybe the valuations of all the present cryptocurrencies will flounder as the market space evolves. It's wildly wildly wildly speculative right now.

    I mean I'm sitting on my small beans, but let's be realistic.
     
  26. Dayaks

    Dayaks [H]ardness Supreme

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    The 1050ti is key. I hope that doesn't crap out on you. ;)
     
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  27. rive22

    rive22 [H]ardness Supreme

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    HiveOS is awesome bro, def check it out
     
  28. Airbrushkid

    Airbrushkid 2[H]4U

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    I like SMOS. But HiveOS I don't know. Done a little reading so far. And makes me wary of it. It looks like it's Russian made, I could wrong. The way this world is I really don't trust a lot. Look at Trump, and the Russians. And having to use the first gpu in first 16x to hook monitor to. Do you lose any hash? And to monitor you have to use telegram. I like SMOS website to monitor. Being free if you have only 3 rigs doesn't when have more then 3.
     
  29. pclausen

    pclausen Limp Gawd

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    Lol definitely! I use it mainly for testing stuff, but when I'm not, you bet its giving up its ~190 Sol/S for the cause. lol It is a MSI GAMING and has a better cooling solution than my crappy Zotac 1060's which have a single fan heat sink with no neat pipes.

    As for HIVE using the 1st GPU, I have not noticed an impact unless I have a direct session going to a particular rig. It is no where near like when RDP'ing to a Windows rig and doing a 4k session. That will shave off some hash in a heartbeat!
     
  30. boss6021

    boss6021 Limp Gawd

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    No perceivable hash loss. This is coming from SMOS. I absolutely prefer HiveOS over SMOS just based on the level of reporting, remote management, and customization.
     
  31. Verge

    Verge [H]ardness Supreme

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    FYI, if you ever need a market pullback, just let Verge run his mouth on the internet :)
     
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  32. trasixes

    trasixes Gawd

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    Back in 2010, with a couple of 4870s, and later with 6970s, I was pulling in BTC at a good rate. Thanks to MtGox, and Deepbit mining pool, I lost 90% of it.
     
  33. serial__thrilla

    serial__thrilla [H]Lite

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    Your first mistake is using that shitty nicehash. Using it wastes about 11% of your potential profits, at least.
     
  34. dook43

    dook43 2[H]4U

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    Was coming here to chime in that in 2010 with a 5870 you could mine about 0.25-0.5 a day.

    This was when it cost B10,000 for a pizza, and it never made sense to me to spend effort doing this.
     
  35. Engr62

    Engr62 Limp Gawd

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    Care to elaborate? Or better yet, put something in the "Mining & Cryptocurrency Guides" thread.
     
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  36. _r2h

    _r2h Gawd

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    There is a lot of NH butt hurt out there.
     
  37. Engr62

    Engr62 Limp Gawd

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    Not at all. I'd love to know a better way than NiceHash that doesn't require going through sketchy Russian websites. ;)
     
  38. cdabc123

    cdabc123 [H]ard|Gawd

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    Mining pool hub
     
  39. serial__thrilla

    serial__thrilla [H]Lite

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    Mining pool hub with Awesome miner, standalone mining clients, such as Claymore; there is so much more out there that's more profitable, it BOGGLES ZE MIND! (and I'm not butt-hurt about nicehash, but I did read about the hacked disaster that it is :) )
     
  40. serial__thrilla

    serial__thrilla [H]Lite

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    Because I'm in a good mood, I'll take this even further. Check out this guy's playlists:

    https://www.youtube.com/user/breezeprz/feed

    He has absolutely detailed, step by step explanations and instructional vids on how to get set up with Mining pool hub, as well as how to get set up to mine specific algos and coins. He must work in tech support somewhere, cause if you can't follow him, I can't help you then.
    Enjoy your no-bullshit profits :)

    Please, post your feedback in this thread, I'd be curious...