Ninjastic
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Board Mining (Altcoins)
Merits 1 from 1 user
Re: incredible as it may seem...........
by
Marvell2
on 05/10/2018, 21:26:13 UTC
⭐ Merited by dbshck (1)
Quote from: Piskeante on October 05, 2018, 06:15:45 PM
Quote from: Marvell2 on October 05, 2018, 06:11:38 PM
Quote from: Piskeante on October 05, 2018, 06:03:51 PM
very nice opinions, thanks for all.

just to be clear. I bought my cards at 50% off "retail inflated prices". I got most of them at 220€ or 250$, so i was not rekt by the hype, and did not buy my cards at any costs. I did manage to buy only at prices i was ready to buy, and not obviously retail prices, that were much higher. In Spain most Sapphire RX 580 nitro+ 8gb were around 459€ or 528$ from the biggest retailer here in Spain, called PCCOMPONENTES.

the idea of heating my house is not an option, i mean, i live in Valencia, i see the sea through the window, so i hardly see 0ºC anytime. Last year, with higher prices, i used this system for heating. Nowadays is just not profitable anymore. it doesn't make sense.


What it's very obvious for me, is that no matter if you pay 0,05cnt/kWh or less. You are at a loss right now. You need ASIC + totally free electricity to get green money on your pocket. If that's not the case, you are losing money.

What is obvious for me, and many of you have said it, is that there is ACTUALLY NO FACT, REASON, ARGUMENT, TECHNICAL ANALYSIS OR WHATEVER to see ETH pumping in price. Noone has a clue, but we've had 9 months of a total crash, and the coins are at lows, but noone is buying. bulls are hardly able to hold small values for the coins. There is a huge resistance to pump the coins and i don't think it's reasonable to pump money on mining right now.

It makes no sense.  
what ?! even at 7 cents mining eth and xmr is profitable, yeah its not 3x profit like it was last two years its still profit. EU vat really inflates the price of gear so you will have a longer roi but that’s just one part of the world

to answer your question, we have to stablish a base line. What's the meaning of PROFIT, for you? is winning 40$ a month what you would call profit???

Because that's the most you will get right now with an E3 paying 7 cents (suppose taxes included).


only fools buy asics , i have 30 rigs so thats like having 30 E3’s. all the miners still in the game have either cheap power or thier rigs are paid off... or both. 30*40 is $1200 for basically just running ny rigs.

again $1200 only if i sell when the market is down x4 which to me is dumb in instelf so in reality when I do decide to sell i wil be selling at at least 3x which is closer to 4k or higher.

the problem is there are too many ppl like you who jumped on the bandwagon last year and are super shortsighted thinking about only the present.  even if i was braking even only i would still mine and so i could hold some cryto and pay part of thr power with my paycheck.

three years from now more newbs will post how are you guys able to mine with these expensive new fangeled gpus , not understanding that we have been through the head fake cycles already and made a kiling holding what we mined back in 2018’s bear market.

the fact that you even mention the E3 shows how little you know, anyone who really is into mining gpu style and speculating on different algos and coins would never buy something as one dimensional as the E3.  maybe batch one for $800 but these current batches? fuck no when I could build a rx 570 rig for only $400 more and mine like 20 other algos.