Post
Topic
Board Mining (Altcoins)
Re: GPU Mining Is NOT Profitable In My HOUSE - October 2018 Mining Farm Update
by
Metroid
on 19/10/2018, 12:36:54 UTC
I do think people take WTM values way too literally, as you said you could be making less . . or you could be making more

You never make more, always much much less, if whattomine says $0.15 per gpu then that means minus/negative $0.30 cause $0.15 never pays anything in the end cost, I mean, if a gpu is earning $2 per day then to pay for extra things that is $0.30 per gpu + the electricity which is around $0.40 per gpu if you pay $0.10 per kwh, in the end is $0.30 + $0.40 =$0.70, that is the cost with electricity per gpu just to keep it functioning. See my point, that is why I always tell people, if a gpu is making less than $1 per day then mining is not even worth thinking cause in the end you will be making only $0.30 per gpu and if the gpu cost $300 then it makes the roi to be 1000 days, that is if a gpu is making $1 per day, at moment is making $0.05 per day per gpu net not counting the extra things, electricity included. A rx 570 was making 10 usd per day and that was bullshit and so is this, very extreme both sides, I myself was hoping profitability per gpu would stay at least $1.30 for many years, that way asics companies would not bother about it, sadly there was nothing anybody could do cause common sense was out of control.

The question is how long this nonsense will last, profitability cant stay like this, are people so beyond stupid to sell their coins at this price. It seems they are.

PS: I have been buying coins and will keep till January 2019 and then hold until 2021. This is the best time to buy.