Quote from: KuromaYoichi on Today at 02:20:42 PM

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Quote from: KuromaYoichi on Today at 11:22:53 AM

Quote from: OasisDre on Today at 11:09:13 AM

Presently is 400$ per gtx1660 Ti a good buy? Now that no one knows how long mining profitability will keep up, is this a good price to buy or I should let go and wait for later? The offer consist of just three of this graphic cards right now, what do you say?

The price is definitely cheaper than in my country (about $500 right now for 1660 Ti). With 1660 ti you can get about 30 Mh/s for each card which can earn you $4/day right now and with that you can hit BEP at about 3-4 months and if you need to buy other part for the mining rig then you'll need more time to break even. Keep in mind that the income right now is very high (it used to be sub $1/day last year and about $2/day early this year) and can decrease as the network difficulty keep increasing, the activity of ethereum network, the talk about EIP 1559, etc. At the end of the day it's your decision whether you are comfortable or not with this kind of risk. You can probably sell the card for $100 if the market crash later and a lot of card flooded the market.

There is no point in selling the card for 100$ when ethereum mining is not profitable anymore, I would advice to keep mining because crypto space is season base, gather the coins in bear market and wait for bull season again, there are many who are now rich because they keep mining Ethereum in 2018 after bears took over the market, now they are in millions, satoshis will be satoshis but value worth us all that matters

The scenario that i stated is when the market crash which mean all crypto crash and if he want to keep mining other crypto to gather the coin that means he will mine while losing money in electricity. Of course if he can afford that kind of expense and want to do that then he can keep on mining but it's hard to justify high electricity bill while you have no other income to pay it.

You do have a point but this is why I prefer green energy for mining, even if bear season strikes it won't take a hit on you, for example I mine with the sun 🌞 , I have 1200 watts panel on my roof and my miners only consume 400 watt combine, enough electricity everyday and the rest energy flows into my battery backup for night mining