Hi guys. i'm about to start mining...

wut?

Thank god I live in Washington, cheapest electricity in this god forsaken country at 8.16 cents per kwh.

>With an ETH GPU rig you're fucked
not profitable anymore?

yeah not a problrm. i want to buy some good miners and after that i got still incomes and money to cover bills etc..

run the nicehash benchmark and see what's the best

i meant 10 cents sorry

Not necessarily unprofitable, but let's say you build an 8-GPU rig, it will probably cost about as much as an S9. When you compare what you'd get back, a BTC ASIC makes a lot more sense. BTC is rising and showing no signs of slowing down, and can be easily traded for ETH and/or shitcoins as you please.

what about the longevity of such an investment?
difficulty is increasing and as I understand it there is only a limited amount of bitcoins

that's what i was asking! what are the best coins to mine to make profit?

True, but you also have to account for the value going up, so over time you mine less, but what you mine is worth more. Ideally it should even out.

You wont't like this answer, but if you really want to make money then you'll need an outbuilding and about $15k for 5 or more S9s, and an electrician to install a 32A power drop and ethernet to said building. You have to spend money to make money.

VEGA 56
ALL.THE.WAY

i dont have all that money. all i got is 10k. with that i could buy 3 s9 but after that i'll be with 0 cash to pay the bills and thats it. i wuold have some incomes yes but not enough to pay bills and get drunk'n shit

once upon a time bitcoin was gpu mined, of course those set up do not break even anymore, so to compare that with an asic miner: after you've regained the invested money, you'd make a good profit for some time but I assume profits will diminish over time, right? so my question would be how long will it go until they don't turn a profit any longer?

Impossible to predict, but think about Moore's Law and how that effects GPU obsolescence vs ASIC obsolescence. Realistically it will be a while before an ASIC chip based on a 16nm process goes the way of the GPU miners.

Get one or two S9s, use the remaining cash to pay for setup & bills, break even, the use the profit to invest in new hardware as necessary. Also bear in mind that more than 5 S9s on one will annihilate the average household wiring so make sure you are willing to modify your electrics as required, and for fuck's sake get a qualified electrician to do it.

that's what I thought, but just to get a rough estimate based on the records, 3-4 years? shorter? longer?

Isn't S9 unable to mine segwit though? And halving soon. Is it really worth the investment? I can buy machines for 70 TH/s easily.

In terms of USD (not american) my power is ~14 c/kW and I'm making a decent amount out of my operation.

cool so startung with 2 s9 what is best to mine? btc?

and what are you mining? how much ghs?

I don't even think I turned a profit at that price, I came out fine because BTC went up but would have done better buy and hodl.. I had some initial infrastructure costs as well though but decided not to go another round

>December 2017
>Buying expensive, loud, and power hungry shitcoin mining equipment.
>Not investing in IOTA with no mining/trasaction fees.

Answer regarding segwit?

Read up on 7nm rumours from GMO, that's about all we have to go on right now. Short answer: at least a year until the S9 starts to become obsolete in all probability.

If it's SHA-256 then you're good to go.

Either both BTC, perhaps one BTC and one BTCash if you're brave. Or you could just point them at NiceHash if you want a simple setup.

question about eth: since it can't be mined with asics but the difficulty is rising fast as well, what will it mean for it's mining future? gpu mining can only go so far

My dad doesnt pay the electricity bill. Power is 100% free. SHould I say fuck it and get a mining machine?

probably he will kick your ass when the bill come... he will definitly notice the 500$ extra that cant explain

He just said power is 100% free user

If you are in usa. I can sell you 2 D3 and 2 psu. Only used 20 days. To noisy

Will one mining machine raise the power bill by 500%? seriously?

>buy 5 kWh/day hydropump, panel or turbine
>Run 2 s9s on free power.

I don't understand you retards. Maybe you don't know how to set them up because you studied liberal arts

Fear of not making ROI from even the equipment when halving, diff adjustments, or Bittman blocking segwit, or whatever. Truth is we all should have had rigs for years lol.

The eth algorithm is memory bound which makes it ASIC resistant.

see so it's just going to keep getting harder. Might get easier when new generations of GPUs are released,but not much. Basically you need large numbers of expensive cards so the barrier to entry is high, meaning that the era of everybody being able to easily mine ETH is behind us.

Interesting, will these adjustmenst as you call, could afect the entire ETH market?

Could it*

yeah, I understand that.
I have the means for a setup like you proposed in and have been thinking about a mining setup. but I have been wondering whether it's worth it in general and whether to mine eth or btc when considering their future development

You can make asics for it, it just that the first print order will be ~3-5m usd. It depends entirely on if the devs would change the proof entirely to combat asics by principle if an asics was made or not.

How much?

Everyone here has no idea what they are talking about. Because they don't have the funding(mostly broke college kids who go all in shit alt-coins) or doesn't realize it opens opportunities to mine shit-coins you would never invest in. Which can garner 500%+ returns..

I started about 5 months ago when the Eth Boom happened.. People were telling me it was too late and i should ROI in 1 year... well here i am fully ROI'd and then some in 5 months.

...

left side

btw don't buy Asics. Buy GPU's if u want to mine.

>Buy GPU's if u want to mine.

I make $1800 per month with just two asics. How are GPU's better?

proof?

i already know ur lying but lets see where this goes.

well now you already seem like an idiot asking for proof and not addressing my question at all.

so do you mine eth or shitcoins or both? what's the main gpu you use?

Well since even with this bull market we're having you would only net a $750ish profit via a S9 miner and around $700 via L3+.

So i know you're bullshitting(i own them).

2nd it's better because of the fact you don't need to wait 3 months to recieve you're product.
You can actually resell them.
They take less electricity.
Less heat (which is extremely important).
you can mine multiple diff algos
tons of shit coins that come out can make u rich.

ETN nets around $9-10 per GPU for a Vega 56 which is currently way above in terms of profitability then a Asic miner, but its pretty well known coin.

There was a coin netting me close 70% higher than whattomine.com stated for a while.. which was zcoin.. I mined it when it was worth $14.00 it reached over $45.00 at one point.

Now im on a diff coin... u have to find that out yourself.

I'll give you one tip.. If its on the frontpage of whattomine.com you're already too late.

so you mine various small shitcoins, sell some at profit while keeping an amount of them in case they moon, right? how much do you pay for electricity per kwh?

I usually just don't sell... because in this irrational market.. even total scam coins moon.

I was mining a total scam coin called "LUX" when it was worth $2.00(still thte most profitable coin at the time).. it's now valued over $6.50.. tell me who in there right mind would invest in it? Nobody, but for a miner.... gg.

I pay around 7 cents on avg, but this isn't including my rent im paying for my rigs.

also mined Signatum when it was shilled here...

oh man i made $12,000 in 12 days of mining.

very interesting, thanks user. will have to research that further

>but this isn't including my rent im paying for my rigs.
you rented an extra space just for the mining equipment?

We are starting a mining farm.

Bare minimum need is 8 to get started.

well u see the pics?

where would i put 25 rigs in my house?

I pay 13 Cents per KwH....should I mine?

well, depends how much free space you have

Of course. Naturally any coin that is harder to mine will become more valuable, if the market still wants it regardless. Which it will. I was talking about BTC in my post though.

Why not ASIC? Is the opportunity to mine bitcoin with an investment of 10k gone for good?

>what machines do you sugest
The ones that run of government subsidized chinese electricity.

With the asic resistant ones, what's profitable then?

I mean how does that work. I see cheap used GPUs for sale all the time, and I'm in a position where I can write them off as loss and get them replaced.

Don't forget that if this all goes to shit, GPU's still have a resale value ... along with motherboard, etc.