Post
Topic
Board Mining (Altcoins)
Re: Will mining profitability keep going down, or will it stop - or increase?
by
ccccccc7
on 05/07/2017, 16:23:45 UTC
First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

I am making looking at whattomine 24USD gross per day, as I said this is not far off what I was getting back in November.

During the same time I was earning far more crypto as the difficulty was much much lower.

As for all the "salty noobs", man, what would you do if you were one of them? You'd want to jump on the train while you still could. That said, it's their own fault if they crash and burn because they bought RX cards for 500$ a piece...

I was looking to expand with a new rig to the tune of 5 x 1080ti but now I am hesitant. If people do start dumping GPUs in 1 or 2 months time I will be burned by the price difference so I am thinking to wait.

I first mined years ago. I mined BTC with GPU's in 2012 and then followed onto scrypt coins I dropped out when the profitability diminished and subsequently missed out on an excellent opportunity.

There are, however, plenty of people who, just like I was, will be stupid enough to be FUDed out of crypto.