Re: CCminer(SP-MOD) Modded NVIDIA Maxwell / Pascal kernels.
We aren't talking about prices five years ago, we're talking about right now and the last couple months. You've been able to make more by holding BTC then buying mining equipment for the last five or so months.
Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If you have problems with maths - don't call someone retarded - it is solely your problem.Yeah, seems you're a victim of your own logic. As I've already mentioned BTC, currency is fluid. Meaning instead of holding it you can sell and buy mining equipment. You CAN'T do that with mining equipment, mentioning this for the third time because you keep seemingly overlook it.
No, you didn't manage to catch up with BTC, your math is seriously flawed. It's all percent based dude. This last month BTC increased in value 54%, the amount you earned back on that GPU is 19%, that compounds, which you're attempting to do, but also forget that applies to BTC as well. Meaning if you earn more, that will in return also earn you more. I'm not sure why you're stuck on GPUs being some weird sort of magic money creator that doesn't apply to other parts of investing.
And also, no you didn't make 3x ROI in five months. That's fucking retarded. That means on that $2500 you were earning $1500 a month. Based on $2500 I'm going to assume it's a 6x1070 rig. At $2.5 a day (completely disregarding power costs), you earned $450 a month. Meaning you still haven't quite ROI'd in five months. Otherwise you were earning $7.5 a day per card, what coins have you been mining these last couple months? Profits haven't been that good since the beginning of summer and it only lasted for about a month. And no your cards aren't worth 4x their value. They're worth less now then when you bought them as they've been depreciating. The closer we get to new release of GPUs the more they'll depreciate. $400 in BTC is still worth $400 (actually it'd be worth a lot more now as BTC has been appreciating). GPUs don't appreciate
'But what if' is not what we're talking about. I wasn't talking about fantasy. BTC increased by 54% over the last month as of making that post. I'm not even sure why you're doing 'what if's', this isn't make believe.
If 10K invested in GPU's made 35K in 5 months - it is 3.5xROI. Additionally 10K in GPU's cost even more now.
So in 5 months 10K => at least 45K.
10K invested in BTC => 40K today
Return to school boy - don't look more foolish than you are.
Pointing the finger back doesn't make it true dude.
The thing is YOU DIDN'T MAKE 3.5 ROI! That's what we're talking about you silly goose. You aren't earning $7.5 a day per 1070. Like you just will numbers out of your ass and go 'nuh uh'. The whole reason I brought it up is because we AREN'T making that sort of money and it's more profitable holding BTC then investing it in mining hardware.
Why did you magically make an extra 5k in five months? Your numbers don't even make sense. Jesus... LOL hardware doesn't increase in value, it depreciates. And no, the prices of GPUs have relatively returned to the original values so they aren't artificially worth more (nor would you sell them right now anyway). When you would sell them, your quoted 'five years' down the line they'll be worth about $70 a piece.
I guess it's better to be a 'boy' (apparently you know my age?) then someone who can't even do multipliciation, look at his earnings, or know about opportunity cost. We aren't even touching on the ability to move assets around since you can barely grasp earnings. -_-
10K rigs ROI in 1.4 months? Please teach me master! You must have an ASIC factory in your garage.
He's an idiot.
Not wanting to butt this conversation, but I have no shame.
- "GPUs don't appreciate"
Funny how I sold my 280x GPUs for almost 2x what I paid for them...of course this summer people were going crazy, was a good time to offload the old gear. If I had the space I would keep everything.
- "GPUs don't appreciate"
Funny how I sold my 280x GPUs for almost 2x what I paid for them...of course this summer people were going crazy, was a good time to offload the old gear. If I had the space I would keep everything.
Yeah, I bet you did, if you bought them used. Most people aren't stupid enough to buy used. In other words you bought them after the markets crashed in '14-15 and then sold them after Ethereum took off. That's rare and will more then likely (99.999%) never happen in the future. Ethereum is an extremely weird bird as far as cryptos go and there will more then likely never be anything like it again.
Simple math. Best case scenario(unrealistic and incomplete) 10000$ / 250$ = 40 rx 570 (let`s forgot psu, mobo, ram etc..)
Then profit is around 2$ per gpu per day with .10/kwh. So on a positive side let`s say we have 31 days months. So it`s 2480 of profit per month...
10000/2480= 4.03 month to roi.
But there`s some unpredictable variables to add to mining and it is: What if you have been lucky and have start mining 2-3 months before the masses a low diff coin and this one jump 300% one day following a pump. Have got this result mining Zencash while everyone was mining eth. An other one that have happened to me. Have bought some Amd 570 before the Eth mining mania and have been able to sell all of them with a 100$ profit and then have rebuy some Gtx1070 at retail price and then add the option of mining Equihash efficiently . And now if I want to buy some Rx(best short term Roi) the price have returned to normal and even better I have rebought some rx570 that I have previously sold to a guy under retail price and as extra got the mobo and all the hw to complete the rig...
Sometime the game is about timing and moving fast to stay ahead of the game. Holding coins and pray is not for me 99% are shit coins anyway, I make way much more $$$ with day trading then mining, but mining is a passive income that I still found interesting cause day trading is pretty time consuming. Spending almost 16h a day on that.... But nothing is free and this is not for everyone, 90% are too lazy and fail.
So which one is the best? Holding or mining? Both have their plus and minus, I guess....
Maths with unpredictable variables = 0 . Roi time could be + or - .
Then profit is around 2$ per gpu per day with .10/kwh. So on a positive side let`s say we have 31 days months. So it`s 2480 of profit per month...
10000/2480= 4.03 month to roi.
But there`s some unpredictable variables to add to mining and it is: What if you have been lucky and have start mining 2-3 months before the masses a low diff coin and this one jump 300% one day following a pump. Have got this result mining Zencash while everyone was mining eth. An other one that have happened to me. Have bought some Amd 570 before the Eth mining mania and have been able to sell all of them with a 100$ profit and then have rebuy some Gtx1070 at retail price and then add the option of mining Equihash efficiently . And now if I want to buy some Rx(best short term Roi) the price have returned to normal and even better I have rebought some rx570 that I have previously sold to a guy under retail price and as extra got the mobo and all the hw to complete the rig...
Sometime the game is about timing and moving fast to stay ahead of the game. Holding coins and pray is not for me 99% are shit coins anyway, I make way much more $$$ with day trading then mining, but mining is a passive income that I still found interesting cause day trading is pretty time consuming. Spending almost 16h a day on that.... But nothing is free and this is not for everyone, 90% are too lazy and fail.So which one is the best? Holding or mining? Both have their plus and minus, I guess....
Maths with unpredictable variables = 0 . Roi time could be + or - .
Even 580s aren't making $2 per day while dual mining.
No, there isn't a 'pluses', you have to BUY hardware and it's not easily liquidable. Furthermore you would be earning a lot more then that this month considering (as of the original post) increased in value 56%.
It's hilarious you are considering playing the 'hardware' markets by buying them low and selling them high, but we haven't even touched on actual markets. You could've done that with BTC this last month and made possibly double or triple your investment (based on the really big dives and rises we had). Overall if you just held you would've made an additional 56%. There is no way you will see a return anywhere close to that with mining. Not a chance.
BTC isn't a shitcoin, nor is it 'praying'. If you don't understand markets you're in the wrong game.
Could BTC interest decrease quite a bit? Sure. But you can just buy mining hardware then. The opposite direction isn't true, you can't easily turn mining hardware into BTC.