It makes more sense to sell the cards and buy coins than to mine them... its always made more sense to buy them than mine once the difficulty spikes.
Seeing the cost of cards now has me tempted to dump my 5x 1070 and 6x 1080ti, still have the boxes and everything.
As far as coin price,I'm not at all concerned; they've always been moody.
Sounds about right man. I paid $155 for my 480 back in October and after a few days of off and on mining I'm thinking it makes more sense to sell this bad boy for a tidy profit.It makes more sense to sell the cards and buy coins than to mine them... its always made more sense to buy them than mine once the difficulty spikes.
Sounds about right man. I paid $155 for my 480 back in October and after a few days of off and on mining I'm thinking it makes more sense to sell this bad boy for a tidy profit.
You have any suggestions on a good place to sell besides Ebay? I know I can do it here but guys around here seem a little indignant about paying a higher than new asking price for a used card.
Just wait for the next gen of miners (aka vid cards) to hit the market, you'll be able to get 580's for $75 and people won't be able to give away 4xx cards.Honestly, further price drops would probably be healthy not only to slow the insane difficulty jumps but also to cool down the crazy price jumps on GPU's and lack of inventory. I think the mining craze has really hurt availability/prices for gamers.
I noticed a fairly substantial drop on mine as well, around a 40% profit/mo drop. It's okay though, it's actually just barely under what my original prediction for profits/mo were when I built this rig, I had a solid month of mining at ~30% over original calculations, now it's like 10% under so I'm not sweating bullets or anything. Still on track to break even by Sept sometime, then it's all profits.Hm, I've just been using NiceHash so far, and I've certainly noticed a drop in overall gains. I wasn't sure if it was just from miners being added, but it seems like some of it may be related to the latest drop in price.
Haha, I'm banking on NV not taking as hard of a hit on the open markets for used cards, if I can resell these 1080ti's for even half what I paid a month ago I'll break even at end of July. I genuinely feel bad for the folks that will be holding on to 20+ AMD cards.Yeah, prices tanked from profit taking I would guess. Healthy cool-down so far, possible buying time. Need to keep an eye on those ICOs though.
Just need a price increase before Vega appears
Just wait for the next gen of miners (aka vid cards) to hit the market, you'll be able to get 580's for $75 and people won't be able to give away 4xx cards.
Haha, I'm banking on NV not taking as hard of a hit on the open markets for used cards, if I can resell these 1080ti's for even half what I paid a month ago I'll break even at end of July. I genuinely feel bad for the folks that will be holding on to 20+ AMD cards.
Does anyone have a good source to really learn about this topic for beginners? I have seen so much information on it but very little in the way of explaining in laymans what it exactly is and how it works?
Does anyone have a good source to really learn about this topic for beginners? I have seen so much information on it but very little in the way of explaining in laymans what it exactly is and how it works?
This is likely true. Even if you're quick on the uptake, you've probably got a few days of reading to get everything pinned down, and you'll pay an exorbitant price right now to 'enter the game' as it were. You can get a way with a little cheaper if you go NV instead of AMD but you might want to just hold off entirely until the next card gen drops (and even then it may not be worthwhile).Unless you already own the hardware, we're way past the time when you should invest in new hardware.
I noticed a fairly substantial drop on mine as well, around a 40% profit/mo drop. It's okay though, it's actually just barely under what my original prediction for profits/mo were when I built this rig, I had a solid month of mining at ~30% over original calculations, now it's like 10% under so I'm not sweating bullets or anything. Still on track to break even by Sept sometime, then it's all profits.
Unless you already own the hardware, we're way past the time when you should invest in new hardware.
He can always consider investing directly in the coins rather than mining. The coins hit some pretty big lows yesterday (Eth at ~$220), and he already would've made ~$30 per coin if he purchased some yesterday.
He can always consider investing directly in the coins rather than mining. The coins hit some pretty big lows yesterday (Eth at ~$220), and he already would've made ~$30 per coin if he purchased some yesterday.
I only sold some AMD cards to get some nVidia cards to "diversify" my mining rigs a bit. nVidia cards with a 50%-60% power limit and memory OC are very efficient at certain algorithms/coins.
Not a bad idea to diversify cards. I'm worried the about the downtime (between selling and buying -availability of NV cards has dried up). Hydro costs killing me, especially with AC on so I should probably unload some anyway.
It's looking like 1060's are hitting nice numbers with the new Ethminer release. Around 10% faster than Claymore with no dev fee. Can't wait to try this on my 1060 ghetto miner. Even 1050 Ti's and 1070's are getting a small boost.
Link here for more info:
https://www.reddit.com/r/EtherMining/comments/6jjhob/ethereum_code_optimized_for_some_nvidian_cards/
Please report back results if you get a chance to test it out.
Hydro costs killing me, especially with AC on so I should probably unload some anyway.
It doesn't appear to be giving much, if any boost to 1080 and 1080 Ti cards per user reports. I get around 26 MH/s on 1080 and 37-38 MH/s on 1080 Ti cards (each card has memory OC'd, power limit 50-60%) on Claymore. Theoretically due to no dev fee it would still be worth switching over, all other things being equal.