what's going on everyone and this is probably the worst gpu money can buy but we're not here
to talk about this just kidding i didn't throw it we're here to talk about my lambos
okay i don't have any lambos i lied but when is the time that you should shut your gpu mining rigs
off there is a time sometimes it doesn't make sense to keep mining especially once ethereum
does move to pos that may be one of those times yes eventually gpus will come back online but it
may take a little while and depending where you live and your power price obviously that's going
to be dependent as well so let's take a look of when it makes sense to actually turn these off
what's going on everyone and welcome to the rabid mining youtube channel rabbit here and be sure to
hit that subscribe button thumbs up and bell notification to be notified for future videos
so here i am at everyone's go-to gpu mining profitability website what to mine so i'm
sure you guys all know about this website and if you're new and you're not sure about it here it
is this is what to mine and it's pretty much tells you anything you know about profitability on the
majority of gpu mindable coins so all you do is simply hit whatever gpus you do have plug in the
number hit calculate and it tells you pretty much how much you will make per day and what's the most
profitable right now on 8 30 70 is that what i'm on yes 8 30 70s it looks like ergo is once again
in the lead over our good old friend ethereum which is pretty much everyone's go-to algorithm
and coin to mine but the whole purpose of this video here and the reason why you clicked on it is
when does it make sense to actually turn your rigs off and there are times when it does make sense so
right now looking at 10 cents per kilowatt hour you know we're profitable on a lot of coins with
eight rtx 3070s now we can take this up let's try 50 cents per kilowatt hour hit calculate
and we're still profitable we're still spending a lot on power but we're still in the green so
we could still technically mine in theory and yes people in europe are experienced anywhere from 40
upwards to 66 cents per kilowatt hour right now so you know they are really hurting over
there in terms of power prices but it is still profitable now at what point does it actually
not become profitable at the current pricing and everything and difficulties so you know
eight cents so we're coming down we're at a dollar 31 so we could almost make it to a dollar a day
and still be profitable on at least these gpus so looks like at a dollar we didn't quite make it so
we're sitting at zero points trying 90 cents we're going 90 cents here and we're probably borderline
oh still not quite making it so 85 cents i don't know regardless we're here somewhere now i don't
think anyone out there is in the 85 cents look at 85 cents ergo is still making six cents per day
so in theory you can still afford to pay for your power with the crypto that you mine so pretty much
right now it's looking like no matter what it is profitable to mine there's no need to really shut
them off but you know depending where you are some people in europe are actually selling their rigs
but we're gonna look at the time when it actually makes sense and after ethereum mining is gone
i know a lot of people just think you know what you can just swap your coins over so if you're one
of those people right now saying you know i'm just gonna switch my rig mining forever mining will
never die and whatever else you know mining won't ever die like it's true it won't die but no there
is times when it makes sense to shut your rigs off and that's what we're gonna look at so first
we gotta look at the actual ethereum hash rate so we come over here we can see we have about
one peta hash hanging out on the ethereum network it's been like this for a couple months now we
don't seem to be seeing any more larger spikes in terms of more hardware coming online or anything
but you know what that's still to come we'll see what happens but we're sending out one peta hash
now we got to figure out how much hash rate is set to come in some of you guys think you know
80 percent could be gpu some think it's a lot less some things you know maybe 75 60 we don't
really know for sure until this actually happens but i'm just going on a basis we're going to do
a 50 50 split right here so we're going to go to our hashrate calculator you can see i put in i'm
already at 50 uh we did have one petahash which would be right now we're at point five but point
one drop about half and we're at 500 tara hash now half of one petahash that works out to be about
500 000 gigahash and 500 million mega hash so we have 500 million mega hash i did punch that into
a calculator divided that by 30 80s because you know we got to convert that hash rate over to like
ravencoin and other algorithms because they all don't hash like ethereum and that does work out to
be about 5 million rtx 3080s worth of gpus at half the hash rate hanging out on aetherium right now
so obviously um we got some differences here 580s don't perform as well as nvidia gpus when it comes
to like ergo and stuff like that so these aren't going to be exact numbers moving forward but it
is going to give you a hint of what to come and simply the fact that you can just switch a coin
it's not going to be that easy yeah we can swap a coin but difficulty can hurt a coin
a lot worse than just a price drop even with a price increase difficulty is drastically going
to hinder profitability and turning gpu mining possibly in the red for a good amount of time
so let's punch in five million rtx 3080s now you can see we have the hash rate across
all these different algorithms already calculated so we can just pretty much figure it out so let's
scroll down here let's take ravencoin for example so we need to look at the mega hash we have here
and point that to the current network that we have on ravencoin right now so i took our
kapow mega hash here i threw that into our hash power calculator and that looks like about 197.5
tara hash worth of gpus hanging out on ethereum that could come over now remember these aren't all
gonna point at one coin we'll look at that later on you know later on the video but just just an
idea worth of ravencoin hash rate there's 197.5 terahash so we have 197.5 terahash and hash rate
sitting that could potentially hit ravencoin what's ravencoin at right now in hashrate
about 3.36 tara hash so if we divide that that is over 58.7 times the hash rate
that could hit ravencoin if everything you know ultimately spreads in the ravencoin now i did do
some polls and stuff in livestream people like you know what i'm gonna mine ravencoin i'm gonna mine
etc so it's spread around but you know there's the majority of these coins that people are expecting
to mine to now ethereum classic i would say right off the bat it's gonna be one of your
worst choices for gpus because all the a6 coming off of the ethereum network can mine ethereum
classic as well so it's going to be heavy asic so already if you want to count 100 of the hash rate
you can add that towards ethereum classic hash rate but anyway right now we have over 58 times
the hash rate coming in to hit raven coin now when it comes to flux that's the other go-to that a lot
of people want so if we look here and go to our actual hash power we can see that we have
395 mega hash or mega souls worth of hash rate coming in that actually works out to be
with the current amount of hash rate that's on flux currently wherever it is
2.24 mega hash we have 176.3 times the hash rate coming in you know regardless you're
hearing these big numbers let's just put it one way there is more than enough hash rate at only 50
being asic and gpu to easily times five the difficulty across the top ten coins all at the
exact same time so let's just have a look at what ravencoin could potentially look like if
this was to happen today and only seen five times the hash rate come in remember ravencoin has over
58 times potentially to come in but we're gonna have a look at just a five times increase so for
this we're going to check the profitability of 12 rtx 3080s currently sitting on ravencoin right now
so if we calculate 12 30 80s we scroll down and we see we're making 24.33 after power so we're gonna
come into here and we're gonna adjust some numbers to account for a five times difficulty increase so
here you can see our current difficulty of about forty five thousand five hundred and fifty two
point eight three six i go over to the calculator i have that number in here i times it by five for
a five times increase and now we're sitting at two hundred and twenty seven thousand seven hundred
and sixty four so i'm gonna input this number into our current difficulty okay so here we are we're
sitting at 227 764.18 of a difficulty remember we're mining right now with 12 30 80s 523.2 coins
every 24 hours and we're making 24.33 so what happens once five times the difficulty increases
we are now negative 89 cents per day and we're making 104 coins so we dropped from 523 daily
coins down to 104.6 coins and we're in the red now we're not making enough coins to pay for our
power so this is where it makes sense to shut your rigs off now before you start hitting that comment
section saying i'm still going to mind it's going to be worth it really think about this and if you
just say that you know in the comments either you're messing around with me or you really
didn't watch this video and the answer is right here if you took the same amount of power that
you paid for that month and bought these coins you would get more coins than you might so you
can either keep mining like you say because you know coin's going to pump in the future it's gonna
go up it's gonna be worth it okay great awesome but you can still turn your rig off use the money
that you would have spent on your power bought this coin and ended up with more coins that day
than you would have been mining and spending more money or spending the same amount of money you
know where i'm getting that though all right so the other main go-to that people are gonna mine
are they're saying flux flux is gonna do major great things in the future awesome well let's
see what happens if five times the difficulty hits this so we have 28 147.2 of a difficulty
so we're gonna increase this five times as well so i have the difficulty on flux times five so we can
see what it looks like if the difficulty increased five times and remember we have over 176 times the
hash rate that could come in at 50 gpus and asics here so 22.56 per day currently 18.5 coins per day
on 12 rtx 3080 rigs calculate that now with this increase we are now negative 1.25 per
day and we're only mining 3.7 coins per day so you know just think about the price that it has
to hit for that to be start becoming profitable you went from uh 18.5 coins a day down to 3.7
and that's only with a five times difficulty increase more hash rate could come to this network
and more hash rate you know could go elsewhere we don't know what's gonna happen but you know to
make everything profitable again we need dramatic price increases moving into the future and a lot
of miners you know believe it or not are gonna have to sell off their hardware and a lot will
when this happens because gpu mining profitability is gonna drop and this is another time
when it makes sense to actually sell your rigs same case scenario here you're not mining enough
coins to pay for your power so you're better off taking that power that you would have spent mining
buying the coins and you would end up with like say five six seven coins instead of you know three
or something you end up with more coins for the same amount of money unless you want to keep mine
and you can go for it keep mining if you really believe in the network obviously some people do
mine at a loss but a lot of the residential miners out there they mine for profit and the profits
aren't going to be there all right guys so there we have it there are times when it does make sense
to shut your gpu mining rigs off now i'm not saying this is how it's going to play out it's too
soon to tell but i do believe there is more than enough gpu hash rate currently sitting on ethereum
to at least times five potentially times 10 the top 10 coins at the exact same time and i
also want to point out i think i found an idea for this gpu it will maybe come my new pointer
stick so instead of using my finger i might just use this like this is my cpu rig that's that rig
whatever you know that's how it works so that might be the new purpose because this thing
is garbage and just for reference this is an msi gaming x two fan 30 60 ti absolute garbage thank
you a lot msi anyway thanks for watching this video guys i'll see you on the next one Rabid out