Are GPUs still relevant and for how long

hulk

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Quote from: Samir_H on October 19, 2013, 05:37:14 AM

Quote from: Quix on October 19, 2013, 12:16:18 AM

The biggest issue with using GPUs for heat is that heating your house with electricity is pretty much the most expensive way to do it. As compared to natural gas (at least where I live) electricity is about 10x as expensive.

Yes, heating with electricity is expensive but you are in this case not using it directly and only for heating.
If you spend 2 BTC worth electricity and make 2 BTC worth alt-coins then you have heating for free.
But gpu rigs take a lot of space and you can't live with noise they make and stay sane.

It depends how you set your GPU, just mine at stock speed and undervolt.. should be cool enough to reduce fan speed to 40-50%..

Samir_H

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Quote from: Quix on October 19, 2013, 12:16:18 AM

The biggest issue with using GPUs for heat is that heating your house with electricity is pretty much the most expensive way to do it. As compared to natural gas (at least where I live) electricity is about 10x as expensive.

Yes, heating with electricity is expensive but you are in this case not using it directly and only for heating.
If you spend 2 BTC worth electricity and make 2 BTC worth alt-coins then you have heating for free.
But gpu rigs take a lot of space and you can't live with noise they make and stay sane.

ineedit

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Quote from: Quix on October 19, 2013, 12:16:18 AM

The biggest issue with using GPUs for heat is that heating your house with electricity is pretty much the most expensive way to do it. As compared to natural gas (at least where I live) electricity is about 10x as expensive.

If you want expensive try oil heating Sad

No gas where we live so I though of GPU's mining alt coin for heat instead but then you can't hear the TV over heating Cry

Quix

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The biggest issue with using GPUs for heat is that heating your house with electricity is pretty much the most expensive way to do it. As compared to natural gas (at least where I live) electricity is about 10x as expensive.

fattypig

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Quote from: FloridaBear on October 18, 2013, 02:19:38 AM

Quote from: PrintMule on September 29, 2013, 12:43:02 PM

Quote from: massnerder on September 26, 2013, 03:28:30 PM

Quote from: PrintMule on September 26, 2013, 02:29:31 PM

But my rig heats my apartment in this cold autumn days

for free

lol where is the profit calculator that takes heating bills into consideration?? how many BTUs does a mining 7950 produce? Grin

Very little, as it's quite energy efficient, but if you stack lots of it together

Also that's where old cheap gpu's would come in handy, if they were available in my region.

Well, GPUs convert essentially 100% of electrical energy into heat (the only "work" they do is move air, but that is turned to heat as well). So a 250W GPU makes about 850 BTUs.

I though 1W is about 1BTU? How did you get the 850 BTU from?

FloridaBear

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Quote from: PrintMule on September 29, 2013, 12:43:02 PM

Quote from: massnerder on September 26, 2013, 03:28:30 PM

Quote from: PrintMule on September 26, 2013, 02:29:31 PM

But my rig heats my apartment in this cold autumn days

for free

lol where is the profit calculator that takes heating bills into consideration?? how many BTUs does a mining 7950 produce? Grin

Very little, as it's quite energy efficient, but if you stack lots of it together

Also that's where old cheap gpu's would come in handy, if they were available in my region.

Well, GPUs convert essentially 100% of electrical energy into heat (the only "work" they do is move air, but that is turned to heat as well). So a 250W GPU makes about 850 BTUs.

fattypig

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Quote from: balanghai on October 07, 2013, 10:41:57 AM

Quote from: fattypig on October 07, 2013, 08:46:51 AM

Not profiting any more with GPU, sell all your gpu and buy 2TERAH/S ASIC!!!

If you've got few GPUS i'm interested to have them . Grin

Haha, I just recently change to mine alt-coin instead, I will sell once alt-coin have ASIC

Samir_H

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Who is crazy to dig BTC with GPU rigs

kuusj98

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I <3 VW Beetles

GPU's are like only relevant with altcoin mining, and LTC in particular.
In the beginning of LTC I could mine 1 LTC every 10 minutes @ 400Kh/s, damn shame I only mined 25 and quit it after that...

Now I have 800Kh/s sitting here occasionally playing some games for me...

balanghai

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Quote from: fattypig on October 07, 2013, 08:46:51 AM

Not profiting any more with GPU, sell all your gpu and buy 2TERAH/S ASIC!!!

If you've got few GPUS i'm interested to have them . Grin

fattypig

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Not profiting any more with GPU, sell all your gpu and buy 2TERAH/S ASIC!!!

Eternity

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Not worth anymore

Samir_H

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Quote from: Damnsammit on June 20, 2013, 10:58:44 AM

2) If my ASIC is no longer bringing in many coins, or the hashing power is insignificant because of more powerful ASICs and/or the increasing difficulty, then it is a worthless device that will resell for no-where near what I paid for it
3) If my GPU is no longer bringing in many coins, then I can move to another crypto-currency that is more profitable, if that doesn't work then I can move to another one, if that doesn't work then I can sell it for relatively the same amount that I paid for it. People are always upgrading their computers and these cards are all pretty beasty

I'm thinking about buying ASIC miners but also thinking similar to what you said.
If all this bitcoin story stops, ASIC is only good for trash. Same scenario if somebody sell much stronger miners.
On other side, I lost some value of GPUs but I can sell them if I stop mining and with alt-coins there is still some income.

Soon I will probably end up with both, hardware and GPU miners.

PrintMule

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Quote from: massnerder on September 26, 2013, 03:28:30 PM

Quote from: PrintMule on September 26, 2013, 02:29:31 PM

But my rig heats my apartment in this cold autumn days

for free

lol where is the profit calculator that takes heating bills into consideration?? how many BTUs does a mining 7950 produce? Grin

Very little, as it's quite energy efficient, but if you stack lots of it together

Also that's where old cheap gpu's would come in handy, if they were available in my region.

MerchantMiner

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Quote from: PrintMule on September 26, 2013, 02:29:31 PM

But my rig heats my apartment in this cold autumn days

for free

yeah im useing my little rig as a heater as well , man what are we doing.

massnerder

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No power in the 'verse can stop me.

Quote from: PrintMule on September 26, 2013, 02:29:31 PM

But my rig heats my apartment in this cold autumn days

for free

lol where is the profit calculator that takes heating bills into consideration?? how many BTUs does a mining 7950 produce? Grin

PrintMule

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FREE $50 BONUS - STAKE - [click signature]

But my rig heats my apartment in this cold autumn days

for free

FloridaBear

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Quote from: Twist177 on September 26, 2013, 10:22:03 AM

Quote from: aznewsh on June 02, 2013, 12:41:30 PM

1) Am I likely to get at least my money back?

I doubt it, maybe in a couple years Undecided

What? There is NO WAY you will ever get your money back with a GPU. Even when the OP posted, that was probably the case.

FloridaBear

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Quote from: Keldel on September 26, 2013, 11:01:40 AM

Litecoin price is plummeting (see chart) and the currency itself has no future. However, it's great to mine LTC with GPU and convert LTC into BTC.

"Great" is not the right word. Right now, a 600KH/s Litecoin miner at 200 watts is mining $0.79 per day after electricity. That's 3 cents per hour. The best altcoins may get you a dollar a day or so. I can probably find more on the ground walking around the mall. Alt coin prices seem to be falling over time, which will only make mining less profitable.

As less efficient GPUs become unprofitable (many are already), you will likely see declining network hash rates among alt coins, killing them off when split blockchains and orphans become unmanageable. Eventually we will probably be left with only a couple (thankfully), and those will be marginally profitable for the more efficient GPUs and those with low electricity costs.

Keldel

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Quote from: Twist177 on September 26, 2013, 10:22:03 AM

Quote

2) Are there realistic options in Alt currencies that the GPU could be useful for vs ASIC - can ASIC at this point or in the near future be used in Alt?

Litecoin and Feathercoin seem promising at this point

Litecoin price is plummeting (see chart) and the currency itself has no future. However, it's great to mine LTC with GPU and convert LTC into BTC.

Topic: Are GPUs still relevant and for how long (Read 10835 times)