LOL if only the people mining ETH in 2015 is able to see this quarell..you can mine it all in a day with a few 280x hehe
ETH was extremely profitable to mine (in terms of ETH not USD or actual profit) back in late 2015. It had a good launch and then I think those that bought the ICO ended up dumping everything and at the end of the year I think ETH traded at less than $1.
An R9 280X didn't have any DAG issues with a low epoch, it actually mined at 27-28MH/s however it ate 200 Watts of power. So with $0.10 power, you were mining at a loss but generated 1 ETH per day per 280X.
Imagine mining ETH with a single 280X back in late 2015, to sell at $1400 in Jan 2018? Basically what Satoshi felt pretty much. However most like me either didn't mine at a loss or they mined and sold when ETH hit $10 or $20.
To mine at $1 a coin and sell at $1000 is extremely rare.
i don't know and i forgot the numbers but i said this in 2015 heheh
Thanks for the info! I'm mining right now around 13 Mh/s. It's severely non-profitable. Which has me wondering why? Even more so, why are so many people hashing away and perfectly fine with losing money? Faith?
That depends on your power price and hardware.
lol youd be better off mining a coin with a lower diff with that hashrate....
Lower diff usually means lower price. Not that there aren't more profitable X11 coins to mine than DASH, currently. IMO, it's stupid to mine DASH in this case, even if you want DASH - instead, mine something else, sell it, buy DASH, and you end up with more DASH than you would have had, had you mined it directly.
Wolf0 is right mine other coin.......no more coins, better buy..it is all about buying the coins produced by the POS masternodes. POW is still there to make dash look more legit.
try ethereum it is more profitable, the coins move so fast dash's instantx is not that great anymore
anyway.. I think some people, start instamining and mining early and storing their stash for "cold storage" because of the success of BTC, a lot of people did it with many altcoins, the only problem their "cold storage" became as cold as dead LOL, I think some got lucky with ETH
