Post
Topic
Board Mining (Altcoins)
Re: Is GPU Mining Still Profitable? Should YOU Build a Mining Rig? GPU Mining Dead?
by
gotminer
on 14/03/2018, 00:51:44 UTC
Yes, it is alive, if build your rig with gtx 1070ti ( which is very balanced with it features, imho) you can get about 3-4 $ per card depend on the coin and difficulity..
So I guess the current ROI time is about 6 month which is rather ok...

Not true. Half that amount according to whattomine. Below $1.83 after electric or $2.26 before electric cost for zcash. Plus irs taxes it as income right away and also later if you cash out further gains later. It's about $1 a day per gpu. Not worth baby sitting your rig . Mining is for losers. Best to buy coins especially now while prices are depressed

I mine and what a dumb mistake, I can't even go on vacation. Only good thing is that gpu went up in value. So far that's where the real money is at.

Paying taxes = Making profits... Since when is being profitable a bad thing?  Besides, if prices are way down, why not sell the coin, realize the loss for tax purposes, and buy it back?  You'd be in the same exact position, but be much lower with taxes.

Exactly!  You're not paying taxes, if you're losing money.