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post #41 of 51
Quote:
Originally Posted by Oj010 View Post

Very wrong, I'm turning a tad over $ 50 per HD 7950 per month AFTER electricity. That's very much profitable to me wink.gif

It has been profitable for how long? The last few months after over a year long dry spell? How much longer will it last? Another couple months?

A new algorithm every couple of years for CPU/GPU mining which stays profitable for a few months until ASIC hardware for said algorithm becomes available. Then wait for the next algorithm to show up rolleyes.gif
Edited by Slomo4shO - 6/26/16 at 9:04am
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post #42 of 51
Quote:
Originally Posted by Oj010 View Post

Very wrong, I'm turning a tad over $ 50 per HD 7950 per month AFTER electricity. That's very much profitable to me wink.gif
Just like Polaris will launch in October and can't reach more than 850MHz?
post #43 of 51
Quote:
Originally Posted by Slomo4shO View Post

It has been profitable for how long? The last few months after over a year long dry spell? How much longer will it last? Another couple months?

I've been mining for about five years now, other than about a 6 month dry spell after during my move from one side of SA to the other I have always been turning a profit. Ethereum has been profitable for almost a year now, before that there wasn't one coin you could mine for a year solid and turn a profit but if you were willing to jump from coin to coin and sell at the right time there has always been the opportunity for profit.

When people think mining, they normally think Bitcoin -> Litecoin -> absolutely nothing for a long time -> Ethereum. They forget or don't know about all the other coins that were profitable - Doge, Digi, Feather, etc.
post #44 of 51
Quote:
Originally Posted by Oj010 View Post

I've been mining for about five years now, other than about a 6 month dry spell after during my move from one side of SA to the other I have always been turning a profit. Ethereum has been profitable for almost a year now, before that there wasn't one coin you could mine for a year solid and turn a profit but if you were willing to jump from coin to coin and sell at the right time there has always been the opportunity for profit.

When people think mining, they normally think Bitcoin -> Litecoin -> absolutely nothing for a long time -> Ethereum. They forget or don't know about all the other coins that were profitable - Doge, Digi, Feather, etc.

It is amazing how often your statements contradict readily available facts. Ethereum market cap increased over 10 fold between late January early February


Edited by Slomo4shO - 6/26/16 at 10:18am
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post #45 of 51
Quote:
Originally Posted by Slomo4shO View Post

It is amazing how often your statements contradict readily available facts. Ethereum market cap increased over 10 fold between late January early February


That chart shows nothing on its own as it doesn't take difficulty into consideration. You can check that for yourself by combining it with a difficulty history chart and using an Ethereum profitability calculator. You'll suddenly see why looking at the one chart on its own shows nothing rolleyes.gif
post #46 of 51
Just to add to that :

August 2015 - Wondering whether it's a good time to leave Ethereum before it's too late https://forum.ethereum.org/discussion/3281/time-to-stop-mining
August 2015 - Ethereum is profitable discussion https://forums.overclockers.co.uk/showthread.php?t=18687317
September 2015 - Ethereum recommended for GeForce GTX 750 Ti or higher https://bitcointalk.org/index.php?topic=1189039.0
post #47 of 51
Quote:
Originally Posted by Oj010 View Post

That chart shows nothing on its own as it doesn't take difficulty into consideration. You can check that for yourself by combining it with a difficulty history chart and using an Ethereum profitability calculator. You'll suddenly see why looking at the one chart on its own shows nothing rolleyes.gif

Have you looked at the difficult chart that you linked me, Difficulty bounced around between 6 and 9 TH from early September to late January and only started climbing after the boom late January. If the MARKET CAP increases by 1100% within a month, it means that the total value of all outstanding coins went up 1100%.

Thanks for pointing out that you have no capacity to comprehend even the simplest of charts.
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post #48 of 51
Quote:
Originally Posted by Slomo4shO View Post

Have you looked at the difficult chart that you linked me, Difficulty bounced around between 6 and 9 TH from early September to late January and only started climbing after the boom late January. If the MARKET CAP increases by 1100% within a month, it means that the total value of all outstanding coins went up 1100%.

Thanks for pointing out that you have no capacity to comprehend even the simplest of charts.

How about you actually use the calculator with both the going rate of Eth and the difficulty during September and see for yourself that it was profitable.

Better yet, tell the thousands of people that profited during the time you say it was unprofitable that they were dreaming. ESPECIALLY those who were profiting from August till the end of last year smile.gif
post #49 of 51
Quote:
Originally Posted by Oj010 View Post

How about you actually use the calculator with both the going rate of Eth and the difficulty during September and see for yourself that it was profitable.

Better yet, tell the thousands of people that profited during the time you say it was unprofitable that they were dreaming. ESPECIALLY those who were profiting from August till the end of last year smile.gif

Profitability implies recuperation of initial costs. Outside of the initial adopters that stock up on coin in the first few weeks to months of a coin launch, most players in these temporary inflationary periods never break even.

In fact, investing your monthly electricity costs and initial hardware costs directly into coin will almost always yield higher returns on investment.
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post #50 of 51
Quote:
Originally Posted by Majin SSJ Eric View Post


Surely not from Chev who loves him some paper launches! rolleyes.gif


uh huh...  I bet he sleeps on a paper stuffed bed so he can launch himself off it every morning.

 

oops...edit...-  I got that backwards.  He seems to have been raised on a hard paper stuffed bed that left him scarred for life.


Edited by toddincabo - 6/26/16 at 11:32am
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Overclock.net › Forums › Industry News › Rumors and Unconfirmed Articles › [vrworld] [WCCFtech] Vega 10 finishes design, is sent for pre-production testing.