Post
Topic
Board Mining (Altcoins)
Re: Happy New Years! Seventh alt coin thread!
by
DevonMiner
on 14/05/2018, 18:10:23 UTC

Keep the thread going for sure, a lot of people find it very useful (Although we are well past 'New Year' now).  Wink

I've been gradually selling a lot of my GPUs over the past few weeks, shifted over fifty 1070 Minis, with good profits as resale is still good. They sold for more than they cost, so 'free' mining from them. As for the 1080ti cards and others, not sure, still on the fence deciding what to do with those. You have to run your mining efforts as a business, and my gut told me it was time for a change. It would have taken around 10 months to mine what they sold for.

I don't want to enter/start yet another ASIC debate, but with Bitmain and others cracking nearly all of the Algos, it's just the pace and evolution of the business. Nothing lasts forever, and I'm happy to move on and try things another way. I'm sort of hoping 'programmable' miners come to reality this year. In some respects Baikal have set the ball rolling as they add new algos now and then to existing machines. It would be SO INTERESTING to know exactly what all these manufacturers have on the test bench, let alone live in the data hall ... but as consumers we only learn the facts after they have almost bled the system dry before they decide to retail them.

UK power costs keep going up, wish I had access to solar or better deals, but long term we are stuffed over here and increases in electricity of 5% once or twice a year are not uncommon.

So ... for me it's re-focus time. Embrace the likes of the Z9 (putting algo forks/changes/ASIC resistance aside), realise profit from the hardware I have, buy some more coins and hodl.

As the saying goes 'give it a year' ... and the landscape will have settled in a different way to what we have been used to.

Looking forward to new more efficient GPU/ASIC/FPGA hardware coming out in the months ahead, I'll be buying back in I hope.

(And yes, I dropped a BIG bollock buying the B3, should have known better, but at 310w power consumption (so my meter says) it's a 'punt', just the way mining the likes of Raven have been. HODL over time will tell).