Look there:
http://dustcoin.com/mining
Topic: Anyone still GPU mining? (Read 5562 times)
LiteCoin (which from what I've heard, is optimized for GPU).
LiteCoin was actually designed to be hard to mine on the GPU, due to the memory requirements of the algorithm. Of course, people are smart and managed to figure this out. Eventually, somebody /might/ be able to come up with dedicated hardware to mine LTC, but it's likely to be much more expensive and difficult to produce than the BTC ASIC hardware, and the value of LTC is nothing like high enough to make that a profitable thing to be trying to do at this stage.
Aye, thanks for the explanation. I'll stick to BTC for a while then, but I do have to admit I'm a bit jealous when I see all those ASIC war machines that I can't really afford
LiteCoin (which from what I've heard, is optimized for GPU).
LiteCoin was actually designed to be hard to mine on the GPU, due to the memory requirements of the algorithm. Of course, people are smart and managed to figure this out. Eventually, somebody /might/ be able to come up with dedicated hardware to mine LTC, but it's likely to be much more expensive and difficult to produce than the BTC ASIC hardware, and the value of LTC is nothing like high enough to make that a profitable thing to be trying to do at this stage.
I've mined LTC and BTC and the results work out almost exactly the same when converted to fiat or each other. I'm mining BTC now mainly because it's easier than converting. Once ASICs come on-line in big numbers and BTC difficulty spikes I'll switch to either LTC or another alt coin. My 7950 rigs are energy efficient enough that they're still making a small profit, though once it gets hot on the east coast I'll have to shut them down since my A/C is pretty lousy unless an alt coin is making a significant amount of money.
It's not the age that matters, it's the algorithm. ASICs can't do scrypt.
Does that mean that, in the end, ASICs should be let dominating the Bitcoin mining world whilst 'regular', PC-based miners should mine alternative currencies such as LiteCoin (which from what I've heard, is optimized for GPU).
If that is so, I might just as well start mining LiteCoins!
mine LTC and dont convert to fiat...convert to BTC.
The exchange rate between LTC and BTC is such that it doesn't really matter which one you mine for...
This is what I've found at the moment. I've got 3 7970s running right now, and I find that if I switch to Litecoin I've made about the same as I would have in BTC in the same time period if I sell it.
I have a BFL pre-order from March this year, so if/when that arrives, I'll probably switch my GPUs to Litecoin to keep things a bit more diverse.
Looks interesting. Higher ultimate coin count and new enough to be ASIC resistant. If it catches on, it could be really good, but it's got some tough competition in litecoin.
It's not the age that matters, it's the algorithm. ASICs can't do scrypt.
mine LTC and dont convert to fiat...convert to BTC.
The exchange rate between LTC and BTC is such that it doesn't really matter which one you mine for...
It makes sense to switch to Litecoins when GPU mining and sell LTC for BTC
Or PowerCoin - it's still relatively new and mining should be easy; if the value goes up, you can exchange it for Bitcoins.
Looks interesting. Higher ultimate coin count and new enough to be ASIC resistant. If it catches on, it could be really good, but it's got some tough competition in litecoin.
The thing is, most people have switched to mining litecoins with their gpus due to their easier difficulty and lack of ASICs. So if you arent one of the people with rigs dedicated to mining, you should probably mess around with litecoin.
You're probably right that mining alt coins (litecoin) is more efficient for GPU miners, but many newbies just won't be interested in the added complication. Personally I can talk to friends about bitcoin, but with alternative coins it starts to become tedious. For many people one cryptocurrency is enough. For me, you're right, I should probably switch.
mine LTC and dont convert to fiat...convert to BTC.
Of course! I hope I didn't imply I'd convert to fiat. So far I've mined bitcoin, converted fiat to bitcoin, paid friends for things using bitcoin, bought asicminer shares with bitcoin, but one thing I haven't done is converted any coin to fiat.
The thing is, most people have switched to mining litecoins with their gpus due to their easier difficulty and lack of ASICs. So if you arent one of the people with rigs dedicated to mining, you should probably mess around with litecoin.
You're probably right that mining alt coins (litecoin) is more efficient for GPU miners, but many newbies just won't be interested in the added complication. Personally I can talk to friends about bitcoin, but with alternative coins it starts to become tedious. For many people one cryptocurrency is enough. For me, you're right, I should probably switch.
mine LTC and dont convert to fiat...convert to BTC.
The thing is, most people have switched to mining litecoins with their gpus due to their easier difficulty and lack of ASICs. So if you arent one of the people with rigs dedicated to mining, you should probably mess around with litecoin.
You're probably right that mining alt coins (litecoin) is more efficient for GPU miners, but many newbies just won't be interested in the added complication. Personally I can talk to friends about bitcoin, but with alternative coins it starts to become tedious. For many people one cryptocurrency is enough. For me, you're right, I should probably switch.
Can you recommend a good miner for lte? cgminer caps in the kh/s when bitminter caps at 26 mh/s so id like to avoid bitminter
GUIminer only produced stale work
GUIminer only produced stale work
The thing is, most people have switched to mining litecoins with their gpus due to their easier difficulty and lack of ASICs. So if you arent one of the people with rigs dedicated to mining, you should probably mess around with litecoin.
Problem with the GPU is it heats up my entire room. So I ordered a Raspberry Pi to run ASIC with.
Can you explain further? I'd like to learn how that would work.
Have you got your ASIC yet?
Cheers,
DC.
He is gonna use the raspberry pi to control the ASIC so instead of having to keep his desktop on all the time while mining, he can just have the raspberry pi running.
I understood that. I wasn't sure how ... via SSH or ... how?
GPU mining got my foot in the door on Bitcoin. So far it's still cost effective for me, but the difficulty increase is about to make my poor GPU irrelevant in the next couple cycles. Even so, it's a decent way for newbies to get a few mbtc to start playing with and pique their interest.
I'm doingg it out of interest at the moment because my gpu is old (Radeon mobility hd 4670 1gb)
I am thinking of doing a usb asic setup in the near future.
One question, is CGminer the best for these different cryptos or are they all different?
I am thinking of doing a usb asic setup in the near future.
One question, is CGminer the best for these different cryptos or are they all different?
i still say switch to LTC or another coin..
Yep, its still profitable to mine the most profitable coin on coinchoose.com , everyone is scrypt mining for $$$
I'm selling my brand new 3x 7950 rig on the forums https://bitcointalksearch.org/topic/for-sale-bitcoin-litecoin-miner-shipped-worldwide-from-australia-16-btc-226748
I'm selling my brand new 3x 7950 rig on the forums https://bitcointalksearch.org/topic/for-sale-bitcoin-litecoin-miner-shipped-worldwide-from-australia-16-btc-226748
GPU mining is worthless ASICS are the future.
Not while ASICs are still shipping to the people who ordered. And for those who dont have to pay for electricity, as long as they have the gpus, they can make money off of them.
Jump to: