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IS GPU MINING STILL PROFITABLE? - Mining Adventure Part 1

jakkuh_t
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Posted
29 minutes ago, Daniel644 said:

but an Antminer S9 will pay for itself FASTER then any video card will and will produce so much more profit vs. electricity used that over the course of a year or 2 it will be far more profitable then mining with the GPU's and even if you can get above list price now for a GPU doesn't mean it will be the same in a year from now, let alone 2 years.

Yes but if bitcoin is usurpt by another coin/s and its value drops so does the antminers. It is a higher risk higher reward senario, and its not right or wrong its just not the one I choose, my business models is a profit switching model to lower risk. Selling the GFX card after 3 years will not get its original value, however it will have a value non the less. The breakeven point we have projected for our cards is 10-12 months. My suggestion would be grab your self some antminers and go for it. We shall meet somewhere sunny and have a beer and both toast to our new found wealth.

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Posted
35 minutes ago, BuckGup said:

What kind of GPUS

I am running 1080 Ti's I have 42 of them in total. Most are still in boxes and are to under go testing. I have a day job as well and a family time is limited. 

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Posted
15 minutes ago, buffycs said:

I am running 1080 Ti's I have 42 of them in total. Most are still in boxes and are to under go testing. I have a day job as well and a family time is limited. 

Damn that's almost $30,000 just in GPUs. When the craze is over I'll gladly buy one off you

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Posted
13 hours ago, BuckGup said:

Damn that's almost $30,000 just in GPUs. When the craze is over I'll gladly buy one off you

When this craze is over I shall give you first dibs :D

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Posted

https://www.wikitribune.com/story/2017/12/11/technology/nicehash-ceo-speaks-out-after-60m-cryptocurrency-hack/27212/



It will take time but we are working on a solution to ensure all users are reimbursed. That is clearly a key concern for our users, and we understand this, we are not running away from our responsibilities. As soon as we have a plan in place we will update all users on our intended solution, and we’re sorry for any inconvenience which has been caused.

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Posted
4 hours ago, buffycs said:

When this craze is over I shall give you first dibs :D

Hell yeah

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Posted
1 hour ago, BuckGup said:

Hell yeah

When that happens you do realize the 1080 Ti will likely not be the strongest card on the market :D

 

A nice score all the same tho.

 

20 hours ago, buffycs said:

My cards dont mine bitcoin, an antminer wont help my business model. Also my GFX cards all have resale value. Infact I can sell them second hand for more than they cost to purcahse. When an antminer s9 becomes not profitable it has no resale value my cards can still game. If bitcoin dies my cards dont care, other coins work just as well. 

This is what happens when you get a mainstream player in anything, people assume. I can't justify the price tag of the antminer and with the bubble the coin is in i can't trust a return.

But as you said in another post return on these cards are 10+- months plus resale which considering each one costs hundreds of dollars for gaming is perfect to stay in the mainstream gaming sector (buying a new one every year for free, if you want).

 

I just did the math locally the antminer would double its value in return in 1 year.

https://www.buybitcoinworldwide.com/mining/calculator/

That's assuming 2 factors the coin sells at $15,000 always as a average and it doesn't crash. Basically the payback time is 4 months faster where i live but with 100% risk, and a massive initial pocket burn.

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  • 4 weeks later...
Posted

Is there still going to be a part 2 to the video (part 1 didn't yet answer the question it sought to answer)? I only just now watched the original, but it was posted back in November of last year and I don't see any sequel in the YouTube channel's video list; don't see any update made to the originating post of this thread; and found no official talk on the last page of thread posts; so, just wondering if it's been scrapped. 

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Posted
On 1/7/2018 at 12:23 PM, kaoruAngel said:

Is there still going to be a part 2 to the video (part 1 didn't yet answer the question it sought to answer)? I only just now watched the original, but it was posted back in November of last year and I don't see any sequel in the YouTube channel's video list; don't see any update made to the originating post of this thread; and found no official talk on the last page of thread posts; so, just wondering if it's been scrapped. 

There will def be a 2nd and possibly a 3rd. I can't remember exactly.

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