Profitable?

[Alien]

So i have a question for the miners

How much profit have you made thus far. I'm not talking about buying coins as an investment, but rather how much have you sold and how much net profit you have made off of it?

Please post:
Coins sold:
Total sold for(if used to buy things then use that):
Time taken to mine:
Cost of electricity: try give good estimate
Components(oc?) | Cost

No need to add chassis but please post PSU

 

[Alien]

reserved

 

[Pansyfaust]

Have not converted any of the coins to cash, so I have not "made" any cash. But I have, without buying my coins, made about 8 of them in 3.5 weeks. Half of the time I was figuring out the proper hash to temp ration, so spent a lot of time fine tuning and finding the best ratio. Electricity for the first half of mining was courtesy of my parents when I visited them for Christmas .

The one good thing for a meter, actually seeing how much energy you use per day with the PC on and then how much is used with it off = my Electricity which is about R18 rand a day, R20 at worst. So yeah...

 

[roligov]

Maybe I'm being too sensitive but to me this equates to "show me your private balance sheet"

Sent from my GT-N7100 using Tapatalk

 

[SantaMuerte]

Interesting topic. I'm also curious on this matter. What I'd like to know is how long does it actually take to recover the cost of your hardware.
Like [MENTION=103]Senshi[/MENTION] selling all those R9 270X cards, now that's a pretty penny's card there for mining. Not to mention the guys buying 3 - 5 R9 280X's for mining

 

[Mandarin]

Yes. Curious about this matter too I am..

 

[SoloMid]

Coinwarz has a great calculator to work it out just for urselves

Also im not looking at making a cent off mining just yet. This is a future investment in the hopes coin prices rise drastically in the next year as more and more people get behind them and invest.

Sent from my GT-I9500 using Tapatalk 2

 

[Senshi]

Yeah, I have to sort of agree with [MENTION=22181]roligov[/MENTION] that I'm not keen on sharing that info here

 

[Oj0]

 

[Pansyfaust]

Yeah, I have to sort of agree with [MENTION=22181]roligov[/MENTION] that I'm not keen on sharing that info here

We all know you are making a lot of coins .

Im not too phased about sharing that info, I dont think i'm a big enough fish to be concerned. I can understand why you yourself dont want to share that info as you are a reseller, but for the lower range miners like myself I dont think it should be an issue. My 0.000002ltc

 

[Mandarin]

It seems as if you are converting electricity money into digital money.. but them I am coin illiterate..

Was actually considering going with something like this..

Amazon.com: ASRock H81 Pro BTC Bitcoin/Litecoin mining motherboard: Electronics

Need more research though..

 

[Pansyfaust]

It seems as if you are converting electricity money into digital money.. but them I am coin illiterate..

Was actually considering going with something like this..

Amazon.com: ASRock H81 Pro BTC Bitcoin/Litecoin mining motherboard: Electronics

Need more research though..

If that is the price then I dont think it justifies what it will be used for.

 

[Kuga]

It seems as if you are converting electricity money into digital money.. but them I am coin illiterate..

Was actually considering going with something like this..

Amazon.com: ASRock H81 Pro BTC Bitcoin/Litecoin mining motherboard: Electronics

Need more research though..

I will be in talks with the disty for Asrock soon once their stock lands. ETA is around April though If nothing comes of it, forget you read this post.

 

[Mandarin]

If that is the price then I dont think it justifies what it will be used for.

That's EXACTLY why I am reading this thread is the hardware payback viable on coins..

 

[Pansyfaust]

That's EXACTLY why I am reading this thread is the hardware payback viable on coins..

Well imagine paying over R2000 for a H81 mobo... . You can do fine on a much cheaper H87 board from gigabyte, Gigabyte GA-P85-D3 Intel B85 LGA1150 Haswell ATX Desktop Motherboard - Wootware

 

[Oj0]

That's EXACTLY why I am reading this thread is the hardware payback viable on coins..

There's a difference between doing a bit of market research to find out what a job opening pays and outright asking people for a copy of their payslips...

 

[Mandarin]

Well imagine paying over R2000 for a H81 mobo... . You can do fine on a much cheaper H87 board from gigabyte, Gigabyte GA-P85-D3 Intel B85 LGA1150 Haswell ATX Desktop Motherboard - Wootware

Check that board specs again... 6 x PCI slots..

All I am asking from my side is if it is viable paying off R40 000 worth of hardware investment with mining. No specifics re bank balances.. Think OP wants more info.

 

[Oj0]

Again, it'll take a few minutes of Google to answer that. Some people make money, others screw up and lose big. Two Google searches (one to find hashrates and another to find a mining calculator) will tell you what to expect per month at the current difficulty and exchange rates, then it's up to you to see if it's worth the risk.

 

[Pansyfaust]

Check that board specs again... 6 x PCI slots..

All I am asking from my side is if it is viable paying off R40 000 worth of hardware investment with mining. No specifics re bank balances.. Think OP wants more info.

Pretty sure the gigabyte board(not h87, b85, my mistake) also has six PCI slots....

 

[Kuga]

Pretty sure the gigabyte board(not h87, b85, my mistake) also has six PCI slots....

Nope.

 

[CarboVan]

"You can do fine on a much cheaper H87 board from gigabyte"

That mobo will let you run three Gpu's (maybe) . You need PCI-e slots, not just good old PCI, iirc.
From what I understand, even some of the proper gaming Mobos won't support using all Pci-e slots, if you are also using all the Pci-express slots. (Bus sharing or whatnot)

So keeping that in mind, a mobo capable of utilizing 6 cards for sub 2k is nothing to laugh at.

 

[Pansyfaust]

Saving face mode activated: I stand corrected

 

[CarboVan]

The risk is the fact that your mining income can halve (or worse) within the next 1 to 4 months.
If you consult the difficulty charts of destiny, a simple 1000 hashes rig would have given you $680 a month back in November, compare that to today where it will only yield $184 dollar (assuming coin value stayed the same)
That is a massive drop. So to keep making money, the difficulty either needs to go down, or the coin value needs to go up. Otherwise you will eventually start running at a monthly loss if you keep making less and less.

The only problem with those dedicated mining mobos would be hardware cost recuperation...
Will be a lot easier to sell a nice gaming motherboard.
So basically, if you are keen to take a risk, sooner would be better, before difficulty spikes and dedicated script rigs start popping up

 

[Mandarin]

The risk is the fact that your mining income can halve (or worse) within the next 1 to 4 months.
If you consult the difficulty charts of destiny, a simple 1000 hashes rig would have given you $680 a month back in November, compare that to today where it will only yield $184 dollar (assuming coin value stayed the same)
That is a massive drop. So to keep making money, the difficulty either needs to go down, or the coin value needs to go up. Otherwise you will eventually start running at a monthly loss if you keep making less and less.

The only problem with those dedicated mining mobos would be hardware cost recuperation...
Will be a lot easier to sell a nice gaming motherboard.
So basically, if you are keen to take a risk, sooner would be better, before difficulty spikes and dedicated script rigs start popping up

Thanks. Answered my question..

 

[CarboVan]

Just a last fyi to come back to one of the OP's original questions
Power consumption figures:
GPU list:
3x 280x
1x 7990
2x 5970

The flat measured in at ~2200w draw at the board.
Note that this includes many a monitor, potentially a geyser?? (no clue if it was heating up at the time), a fish tank full of pumps and whatnot... [ Sadly did not do an everything on/everything off comparison to see pure rig consumption ]
Actual power costs will vary depending on prepay areas/municipal etc

 

[Alien]

Just a last fyi to come back to one of the OP's original questions
Power consumption figures:
GPU list:
3x 280x
1x 7990
2x 5970

The flat measured in at ~2200w draw at the board.
Note that this includes many a monitor, potentially a geyser?? (no clue if it was heating up at the time), a fish tank full of pumps and whatnot... [ Sadly did not do an everything on/everything off comparison to see pure rig consumption ]
Actual power costs will vary depending on prepay areas/municipal etc

Thanks. some actual data . and how much coins are you generating roughly if you don't mind?

 

[Alien]

Maybe I'm being too sensitive but to me this equates to "show me your private balance sheet"

Sent from my GT-N7100 using Tapatalk

look. if you not happy with it then dont. maybe just tell people your rigs/power draw and coins generated... or even just % profit.
If you too scared to show those things, then you must be worried i know that you own a GT-N7100 (not calling you out [MENTION=22181]roligov[/MENTION] just giving an example) . but lets bring this thread back to topic since it was supposed to be informative for myself and others which are curious about mining.

 

[CarboVan]

Well, like the other guys said, its all on da googles and in the calculators
Litecoin Difficulty and Hashrate Chart - BitcoinWisdom
The 5970's have since been reappropriated, but the remaining cards are doing ~ 3100 hashes
At present, that puts me on a theoretical 'income' of $587
But, minus some Bf4 downtime where one less 280 is mining... Playing around with other coins... Difficulty fluctuations etc etc I can't really tell you how much I'll get a month

Towards end November last year myself and a buddy decided what the heck, lets cud, and mine for a bit and see what happens. Worst case we end up paying off cud for a while -_-
So for a pure miner, the circumstances are quite different. More hardware outlay costs... no 2nd hardware to sell to subsidize red team purchases etc, thus I am not the best benchmark for profitability really.
Initial plans were to cover cud costs by end of Jan, but that timeline has moved along a bit in the meantime

 

[Alien]

Well, like the other guys said, its all on da googles and in the calculators
Litecoin Difficulty and Hashrate Chart - BitcoinWisdom
The 5970's have since been reappropriated, but the remaining cards are doing ~ 3100 hashes
At present, that puts me on a theoretical 'income' of $587
But, minus some Bf4 downtime where one less 280 is mining... Playing around with other coins... Difficulty fluctuations etc etc I can't really tell you how much I'll get a month

Towards end November last year myself and a buddy decided what the heck, lets cud, and mine for a bit and see what happens. Worst case we end up paying off cud for a while -_-
So for a pure miner, the circumstances are quite different. More hardware outlay costs... no 2nd hardware to sell to subsidize red team purchases etc, thus I am not the best benchmark for profitability really.
Initial plans were to cover cud costs by end of Jan, but that timeline has moved along a bit in the meantime

i was actually thinking of doing that to try out mining..could probably keep it running for around 18-20 hours a day(besides weekends) but if im only gonna make a grand a year on my r9 290 then the wear and tear outweighs the "profit"

 

[SlowHands]

generally cards have 3 years right? let it run...if it *** within 3 years...RMA it