GPU mining income is way more stable. RX470 were making ~$1 per day a year ago, still making $1.5 per day now. As for ASICs, just go to forum threads about Antminer D3 and you will see how happy people were in the beginning making $100 day and how pissed off, getting $5 per day with no chance of ROI. Much shorter warranty on ASICs is another factor to consider.
It's very unpleasant. I would not want to be in a similar situation. In other side, I see that GPU mining has more advantages than ASICs. Thanks for your advice.
This also. You never know. I thought that the D3 I ordered from Bitmain (arriving end of the month) was a slam dunk and that I'd made a mistake overpaying for an L3+ from a third party seller on Amazon. The L3+ is still bringing in around $18-25/day consistently, the D3 has gone from around $150/day when I ordered it to $5/day and I don't even have it yet...
Point is it is all a crapshoot, and just make the calls that make the most sense to you. The upside to GPUs is that you can start small and expand as you go, so the upfront cost can be less. I would also point out that the D3 is still profitable, it will just take a lot longer to reach your ROI (especially once the November and December batches ship), but even at $5/day with the stock miner at stock settings, it's still profiting $2-3/day on Dash. That's not a lot and will take around two years at that price to ROI, but depending on when better X11 miners are released and also how DASH and other X11 coins hold or go up/down in value, you still can recoup faster (example: if you are using Nicehash and had been getting paid out in Bitcoin all last month, everything you got paid is now worth twice as much if you held it).
It's all about strategies, but yes, the D3 turned out to be a poor choice, I really wish I'd just bought a second L3+, but again, live and learn. GPUs I bought that I thought would take 8 months to ROI have already done it in 3, others not as quickly. Just don't put money in you can't afford to lose and learn as much as you can about the coins you're mining and you'll do fine.
