Mining still worth it ?

[The321]

Is it still worth making a dedicated mining rig ? 

[Guest]

Not really, you get about 50 usd a month from a single 1070. But if you think that the crypto price will skyrocket once again it might be worth it.

[Lurick]

Maybe, maybe not. Depends on how much risk you're willing to take and what you think the market will do over the next several months.

[porina]

Making one from scratch right now is a risk, given recent falls in value and high GPU pricing. Can you make a profit for now? Yes. Is the payback period worth it? That's up to the individual.

 

If you have the stuff already go for it.

[Cypher-Jackson]

If you like making money right away, then No.
If you like collecting crypto coins long term, then yes.

[Mk7-Golf-R]

I sold all my mining equipment a week ago. I'm getting out while the cards still sell at a profit.

 

I'm tired of the roller coaster on the bitcoin price. As  far as how much I made, it steady declined the entire time.

 

I only mined a couple months, but Im with Steve Wozniak. It's just another worry that you don't need.  Hacks, bad news articles, difficulty increases, declining profits. It's always something.

 

 

 

[FlatBrokeRacing]

the problem is you actually watch prices.... and you shouldnt. See you started mining during the 2017 boom which was a great time to mine, was the dumbest time to mine as none of it is 'realistic'. I'm actually quite please alot of people are selling rigs/hardware. It makes it so some of us other miners can add on stuff, and well will help with difficulty the more people that pack it in. 

 

Mining is still profitable for sure, and will continue to be profitable for quite some time. But i would not go out and build/buy a new rig right now with current market prices unless you were in it to HODL the investment and know/understand the risks involved. 

[Cypher-Jackson]

On 3/16/2018 at 10:31 PM, Mk7-Golf-R said:

I sold all my mining equipment a week ago. I'm getting out while the cards still sell at a profit.

 

I'm tired of the roller coaster on the bitcoin price. As  far as how much I made, it steady declined the entire time.

 

I only mined a couple months, but Im with Steve Wozniak. It's just another worry that you don't need.  Hacks, bad news articles, difficulty increases, declining profits. It's always something.

 

 

 

Yep, if you cant handle that, definitely stay out of the game.
I would stay away if you want to make mining as an income, but I would do it if you like it as a hobby

[Mk7-Golf-R]

19 hours ago, Cypher-Jackson said:

Yep, if you cant handle that, definitely stay out of the game.
I would stay away if you want to make mining as an income, but I would do it if you like it as a hobby

I like to build the rigs more than anything. But difficulty is increasing so fast, it will probably be at break even only before the end of the year. 

 

 

Id guess over 90% of cards sold right now are going into mining. 

[Cypher-Jackson]

3 hours ago, Mk7-Golf-R said:

Id guess over 90% of cards sold right now are going into mining. 

Your guess is quite far off, if AMD is telling the truth. They claim that about "mid-single digits" of revenue is coming from blockchain. You might recall the release of the 10 series, and how everything was so expensive from the start because of the demand. This was before the mining boom. You have to remember just how many chips they send out to datacenters, consoles, prebuilt makers, laptops, etc. Not to mention the enormous amount of gamers there are out there, which makes miners look like a tiny fraction.
For Nvidia, the datacenter and research portion is absolutely monstrous too
Also, heres a source where Lisa Su explains it,
https://www.cnbc.com/video/2017/11/30/advanced-micro-devices-ceo-lisa-su.html?source=indiekings.com