I am just curious on the ROI per gpu. I can't find a site that would calculate it but it seems it would take a single 1080 or 1080Ti to recoup its costs in 9 months to a year of mining? If so, fuggetaboutit!

That's why miners don't get such expensive models. And in addition to that, Nvidia is a lower priority since you get less performance-per-dollar for mining.

Yeh true that but even if a user bought a low to mid range GPU (lets just say AMD 480 ~ same hashrate as 1070 or 1080 for 200-250 USD) and mined for a year, they would average a little more than $1 per day per gpu. It would take ~ 9 months to recoup the gpu cost + energy. Even if we scale that up to 100 GPUs, it would still take 9 months to recoup the initial investment and only after that would it start to make ~ 100 USD per day - energy costs, assuming flat average valuation of the crypto currency per year. So it would make ~ 36,000 USD +/- 10 to 15% per year starting after the first 9 months, not counting any speculation. That would not be TOO bad at a flat rate on top of any income but it would take the second year to pull that in. I think if a user had other choices, they can make the same or more investing in other means but the one good thing about this is that there is next to no "work" once it has been setup and running, other than admin work (assuming the servers are in an controlled environment). Edit - Read D3MIG0D's link - 10K USD investment pulls in 4K USD per month 6 weeks ago and now at half that. So that is like 40 GPUs @ 250 USD back then now its working twice as long to pull in the same amount if the demand does not go down. Not even sure where the "actual" demand for CC is really coming from other than a bunch of speculators jumping in and out of the market.

I respect those who work hard for their money, not those who hardly work. People who mine for cryptocurrencies for a living are incredibly lazy, to the point that their laziness is destructive for reasons you may not have realized.

Fact: Free market, free to buy for whatever reason, be it personal gain or use. No one should care what people are buying a product for, if it makes it more expensive, so what, if it makes it so they are in high demand and hard to get, so what. Being upset something is making things more expensive or hard to get and getting upset at the people who are doing it, is just petty. As well, who cares what you view as lazy? By that i mean, who cares what anyone views as lazy? What you do to get money shouldn't be judged upon unless it is illegal, so again, who cares? Personally, if i were to mine, i'd get an ASIC miner, as that generally is where you get the most profit vs electricity costs vs equipment costs, but why should it matter to you if i were to mine, and be "lazy" as you put it? Who cares?

Fact: Free market, free to buy for whatever reason, be it personal gain or use. No one should care what people are buying a product for, if it makes it more expensive, so what, if it makes it so they are in high demand and hard to get, so what. Being upset something is making things more expensive or hard to get and getting upset at the people who are doing it, is just petty. As well, who cares what you view as lazy? By that i mean, who cares what anyone views as lazy? What you do to get money shouldn't be judged upon unless it is illegal, so again, who cares? Personally, if i were to mine, i'd get an ASIC miner, as that generally is where you get the most profit vs electricity costs vs equipment costs, but why should it matter to you if i were to mine, and be "lazy" as you put it? Who cares?

You know what else is a fact? People are free to dislike them.

Fact: Free market, free to buy for whatever reason, be it personal gain or use.

I totally agree, but what these people are doing is effectively stealing. That's where I draw the line. For those who actually keep their hardware, or, sell it themselves when they're done with it, that's perfectly fine with me.

No one should care what people are buying a product for, if it makes it more expensive, so what, if it makes it so they are in high demand and hard to get, so what. Being upset something is making things more expensive or hard to get and getting upset at the people who are doing it, is just petty.

This part alone isn't that bad, but its in addition to everything else they do that's scummy, such as returning all their products so they pretty much paid for none of it.

As well, who cares what you view as lazy? By that i mean, who cares what anyone views as lazy? What you do to get money shouldn't be judged upon unless it is illegal, so again, who cares?

It is as much my right to judge these people as it is yours to say nobody should care. You questioned someone else's opinion, so you should accept the same onto you. It isn't specifically laziness I have a problem with, it's the result of the laziness. The amount of money, intelligence, electricity, and processing power used to collect cryptocurrencies is so wasteful, when it is the REASON the hardware was bought. It contributes toward nothing and the only effort it takes to do it is to assemble the parts. I guess one good thing you can see out of mining is how [weirdly] popular it is in countries like Nigeria, where the cash flow there ought to help their local economies.

Personally, if i were to mine, i'd get an ASIC miner, as that generally is where you get the most profit vs electricity costs vs equipment costs

Maybe for bitcoin, but not for Etherium. Bitcoin doesn't benefit as much from GPUs, which is why most people who use GPUs for bitcoin don't buy them in hundreds.

I guess one good thing you can see out of mining is how [weirdly] popular it is in countries like Nigeria, where the cash flow there ought to help their local economies.

Trickle down theory does not work. Especially for countries with questionable economies and political infrastructure in place. Pretty sure CC will be used for obfuscated reasons at such places.

Trickle down theory does not work. Especially for countries with questionable economies and political infrastructure in place. Pretty sure CC will be used for obfuscated reasons at such places.

lol well gee, thanks for removing the one glimmer of positivity I had.

So you want to purposefully make it so someone can't make money, or make it hard for them to make money, just because you're inconvenienced? Cool story bro.

There's nothing stopping those people from going and buying an ASIC (or whatever) and mining with that if it happened. Miners still mine and GPUs go back to being available, everyone wins. Edit:

Might not have to wait for long. http://www.tweaktown.com/articles/8261/ethereum-mining-dead-price-drops-difficulty-booms/index.html Ethereum is trading for around $200 today. Considering that it was at $350 a month ago, this is a very steep drop. Also, the difficulty has shot up with the recent DAG, and the combination of the two makes mining far less profitable than before. If this keeps up then the mining boom may be all but over.

Interesting, thanks for the link. Hopefully things will balance out sometime soon and vendors won't be hit too hard by it.

I am just curious on the ROI per gpu. I can't find a site that would calculate it but it seems it would take a single 1080 or 1080Ti to recoup its costs in 9 months to a year of mining? If so, fuggetaboutit!

According to my calculations, at the current price and difficulty you should be able to make about $50.67 USD a month, mining at about 29 Mh/s (this does not include electricity costs so mileage will vary). A month ago, this would have been $100 a month so this is a huge reduction in revenue. It should be interesting to see what happens to the retail GPU scene in the upcoming months. If prices don't recover then it will only get worse, as the difficulty continues to ramp up. Not only that but AMD cards will suffer from degrading hashing performance as the DAG increases; Nvidia cards shouldn't be affected much so the advantage might swing towards Nvidia soon, which means the pressure will be taken off AMD cards.

According to my calculations, at the current price and difficulty you should be able to make about $50.67 USD a month, mining at about 29 Mh/s (this does not include electricity costs so mileage will vary). A month ago, this would have been $100 a month so this is a huge reduction in revenue. It should be interesting to see what happens to the retail GPU scene in the upcoming months. If prices don't recover then it will only get worse, as the difficulty continues to ramp up. Not only that but AMD cards will suffer from degrading hashing performance as the DAG increases; Nvidia cards shouldn't be affected much so the advantage might swing towards Nvidia soon, which means the pressure will be taken off AMD cards.

I think I can make more than that just by re-selling AMD 5x0 and Nvidia 1060/1070 cards to miner crazy countries! 😀

This can't be healthy.

Molex can deliver more power, I believe.

SATA can deliver more power, has 3 GND plus +3.3v rail, it has Molex because you will not use an old HDD but if SATA Drives :infinity: