Too late for ETH mining ?

[PWforPower]

Too late for ETH gpu mining, lets said 

I have 9 mining rig, price per rig 800$ 180MH/s, no power costs(river turbines), 

so 7200$ rigs, 1.5GH/s Profit per 6 months variable 4500$  

 

Am I right ?

 

Is too late eth minning, will eth after 1 year stands same price.

 

When is end of ETH, like for btc.

 

I am weird about too many ETH farms selling at ridiculously high prices ex. minning farm of 2GH/s selling at 18000$ to various farms with solar panels etc. 60000$ ???

[PWforPower]

Just now, PWforPower said:

Too late for ETH gpu mining, lets said 

I have 9 mining rig, price per rig 800$ 180MH/s, no power costs(river turbines), 

so 7200$ rigs, 1.5GH/s Profit per 6 months variable 4500$  

 

Am I right ?

 

Is too late eth minning, will eth after 1 year stands same price.

 

When is end of ETH, like for btc.

 

I am weird about too many ETH farms selling at ridiculously high prices ex. minning farm of 2GH/s selling at 18000$ to various farms with solar panels etc. 60000$ ???

or it is still the beginning

[Tristerin]

Not having to pay for power is one of the only ways to still make money mining imho.  Having to pay for power not only cuts too deep into potential profits but the volatility of the crypto market itself is another variable.  You ask is it the end, beginning - hell it could be worth nothing tomorrow.  Crypto is ONLY worth what WE the people value it against the dollar.

[WkdPaul]

* thread moved to the appropriate section *

[Unilevers]

no idea where you can get 180mh eth rig for 800 bucks.  good luck on that

[Rasmuff]

Free power, that's cool. I would also like to know what rig you're running for 180m/h @ $800. But with free power, why wouldn't you mine? I am very new to mining but you're basically just "printing money" in a sense at that point. Based off napkin math (and correct me if I am wrong), but you could have your rigs payed for within a year and be making profit after that.

 

That said. Crypto is so mega volatile that you could either make extra money or just loose it all because it could crash and not be worth anything. 

[airborne spoon]

On 10/17/2020 at 12:53 PM, PWforPower said:

Too late for ETH gpu mining, lets said 

I have 9 mining rig, price per rig 800$ 180MH/s, no power costs(river turbines), 

so 7200$ rigs, 1.5GH/s Profit per 6 months variable 4500$  

 

Am I right ?

 

Is too late eth minning, will eth after 1 year stands same price.

 

When is end of ETH, like for btc.

 

I am weird about too many ETH farms selling at ridiculously high prices ex. minning farm of 2GH/s selling at 18000$ to various farms with solar panels etc. 60000$ ???

 

If power is free you have no reason to not mine, i am mining on ethermine pool at 160mh/s and free power and i bought the stuff for the rig off BTC profits so its really 100% free in my case  

 

On 10/17/2020 at 9:49 PM, Unilevers said:

no idea where you can get 180mh eth rig for 800 bucks.  good luck on that

 

Mine was about $900 i have 6x RX 570 that were on sale for next to nothing and the MB/CPU off amazon for like $120 and PSU was an old one i had lying around. so its entirely possible to build one on the cheap.

[Unilevers]

impressive if you can build them that cheap but again used cards may make that possible if you get them cheap enough - just make they sure they are 8GB and not 4GB.

 

If they are 8 gb its possible to do 180MH/s and cheap or free power i would run it.  It will be positive - just be careful on the PSU as running 1 PSU on those power hungry cards will be tough for 24/7 and that budget.  I run 2 750's on all my rigs.  You can get them down to around 100W each if your bios tweaking and they are decent cards - but 125w is probably more realistic per card with my experience.

[PWforPower]

Is it worth upgrading farm, etc. I for now have more than 5000$, but I would make farm with only 1800-2600$ for now and for 3-6 months buy more rigs. 

Or to now buy for maximum I can afford?

 

For me 5000$ isnt little, but not to much, so I dont want lose that money.