Quote from: ltcsprite on July 24, 2018, 01:26:15 AM

Quote from: Metroid on July 23, 2018, 01:34:50 PM

Quote from: papabiz on July 23, 2018, 12:51:02 PM

What is a reasonable price to buy second hand 1080 ti? 650 USD?

299 usd, gtx 1070 will be faster than gtx 1080 ti and it might cost $399.

Metroid is a paid troll or either a bored moderator.

Nobody is this stupid. Cool

hehe.

7-8 months ago I thought Metroid was a medium size miner, trying to convince people not to buy up gpu's during the fall/winter btc bull run of 2017. And into 2018, as gpu prices went through the roof, I agreed with him. His numbers were usually way off on gpu prices, because I think he was getting them from re-sellers, but I did agree with the point. I personally had only been mining for a couple months when I noticed him, but I thought he was putting fear into the minds of people that were spending a ton of money on something that would never even give them a return. I thought he was doing this for his own benefit, to be honest.

He was and probably still is saying some really negative things about gpu mining, but what he really should have been saying was ... Be prepared to mine and not sell until the time is right. That may be a year from now, or it could be five years from now. Be prepared to mine until those gpu's and dead, pay for the electricity out of your own pocket ... And still hold your coins until the time is right.

That's when I learned that mining was never meant to be a largely profitable endevour on a day to day basis. As I look back ... I have a friend/previous co-worker that mined with a couple 1070 or 1070ti's (can't remember which) when he was telling me capital recovery was 7 months on the hardware. This was probably spring of 2017, maybe a little before. He didn't understand difficulty, hashrate, used nicehash, ect ... Pretty sure he didn't even know what an asic was at that point. He just thought he was always going to be able to do what he did and get the same prize for ever and ever. Mining profitability kept going up and I started to build out my small home mining farm in the fall of 2017.

I started mining zen and zec ... xmr on my first amd rig. For 90 days, I was rolling in the cash (although I still haven't sold any crypto to this day). Only mined and traded for btc. Btc dropped, alts dropped, asics for ethash and equihash were introduced. Started spec mining ... One coins that I still believe in is what I'm still spec mining and will wait for months, if need be.

The point is that mining isn't a business that you can take fiat from on a day to day basis, and be profitable. Never was and never will be.