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Old 14th July 2017, 08:34 AM
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moltuae moltuae is offline
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Join Date: Sep 2014
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It's certainly a "bearish" market at the moment. It seems a lot of investors are anxiously waiting for the outcome on August 1st. It's affecting the price of most altcoins too, meaning there's some bargains to be had right now.

Most predictions are (perhaps unsurprisingly) that the price of Bitcoin will continue to fall in the lead up to August 1st, then sharply recover, assuming SegWit deployment is successful (which it should be, since it's been well tested, both on the Bitcoin testnet and with its recent successful deployment on Litecoin). Goldman Sachs predicts a sub-$2000 drop, followed by a rise to $4000 before the end of the year: http://uk.businessinsider.com/bitcoi...n-sachs-2017-7

So assuming prices do recover and continue to rise further, what you're mining now might be worth a lot more in the near future if you hold on to it.


NiceHash's profitability does have its ups and downs though. I experimented this week mining Zcash directly to a pool with a couple of 1080Ti cards. It's difficult to compare directly because prices fluctuate so much but profitability seemed slightly better than with NiceHash, somewhere in the region of 10-20% more per day. You will be making Zcash rather than Bitcoin of course though, which isn't necessarily a bad thing. You could keep it and invest in Zcash or trade it for Bitcoin.

If you want to try it, I'd recommend Flypool, they provide all the miner links and config info on their site: https://zcash.flypool.org/
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