Hello guys, i'm new to the mining business, bad timing for what i've seen in this thread 
I've got my KFA2 GTX 1060 6G at a stable 24 MH/s Eth (W10) and i wonder what would be the most profitable thing to mine with it. (and if you have any advice about it, it would be awesome.
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I'm considering building a rig but don't really know what would be the best GPU to buy, any advice? i'm living in EU and considering investing about 2,5K (6 or 8 GPU). The goal been first, not loose any money over it, then try to earn some while having fun discovering.
ty for your time guys.
I've got my KFA2 GTX 1060 6G at a stable 24 MH/s Eth (W10) and i wonder what would be the most profitable thing to mine with it. (and if you have any advice about it, it would be awesome.
)I'm considering building a rig but don't really know what would be the best GPU to buy, any advice? i'm living in EU and considering investing about 2,5K (6 or 8 GPU). The goal been first, not loose any money over it, then try to earn some while having fun discovering.
ty for your time guys.
Is it just me or is GPU mining dying a very quick death?
The profitability of Ethereum mining is highly correlated to the profitability of all gpu mining. As Ethereum becomes less profitable, people switch their rigs to other coins, which in turns makes their difficulty go up.
Ethereum's difficulty is going up exponentially, and I am also hearing there will be a halving within a month (is this true)?
Of course there is some equilibrium. Eventually mining becomes unprofitable enough that many quit and the difficulty goes down. But the only players left competing will be those with sub 4 cent electricity and those who have access to big bulk discounted deals on GPUs and other parts. I assume that the ROI will be around 12-16 months when this happens and that will probably be as bad as it gets.
It seems like the only thing that can spark a resurgence in GPU mining is if the price of coins go way up. And I'm thinking at least 5x higher than they are now (which is very possible).
Would like to hear some of your thoughts on the future of GPU mining and the best strategies moving forward.
The profitability of Ethereum mining is highly correlated to the profitability of all gpu mining. As Ethereum becomes less profitable, people switch their rigs to other coins, which in turns makes their difficulty go up.
Ethereum's difficulty is going up exponentially, and I am also hearing there will be a halving within a month (is this true)?
Of course there is some equilibrium. Eventually mining becomes unprofitable enough that many quit and the difficulty goes down. But the only players left competing will be those with sub 4 cent electricity and those who have access to big bulk discounted deals on GPUs and other parts. I assume that the ROI will be around 12-16 months when this happens and that will probably be as bad as it gets.
It seems like the only thing that can spark a resurgence in GPU mining is if the price of coins go way up. And I'm thinking at least 5x higher than they are now (which is very possible).
Would like to hear some of your thoughts on the future of GPU mining and the best strategies moving forward.
Hey guys, would be great to hear your thoughts on the matter. i read a few posts on the fork in bitcoin but couldn't understand really well, ty.