Been away - what is with all these new algos?

nrg_wolf

legendary

Activity: 882

Merit: 1000

Quote from: crazyivan on September 10, 2014, 05:50:55 AM

Quote from: nrg_wolf on September 10, 2014, 05:30:38 AM

i really dont see why everyone is suffering and shutting down, i only have 13 cards and iam doing just fine with my take.....

What cards and mining what? Show us your calculation. My best guess you are making $1 net per day. Good for you.

5 7950's, 5 280x's all heavily overclocked, 1 750ti 1 780m and 1 gt 540 and one 200ghs sha miner that has payed for itself many times since i purchased it.

iam not going to tell what coin iam mineing as i dont want everyone whoreing on it. and power is most def not an issue, considering my last bill was only 468 AUD.

on average with fluctuations i mine between 0.019-0.032 btc a day.
and my sha miner did
an average of 0.34 btc over a 4 day period when i had it on last.

just have to know what to mine and when to trade it and what to trade it for lol. btc is just the middle coin as there is always something better to invest in.

atp1916

legendary

Activity: 854

Merit: 1000

Quote from: nrg_wolf on September 10, 2014, 05:30:38 AM

i really dont see why everyone is suffering and shutting down, i only have 13 cards and iam doing just fine with my take.....

I imagine you are not paying electrical costs, or if you are, you have some abnormally low <.05kwh rate that 95% of miners can't get.

crazyivan

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Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: nrg_wolf on September 10, 2014, 05:30:38 AM

i really dont see why everyone is suffering and shutting down, i only have 13 cards and iam doing just fine with my take.....

What cards and mining what? Show us your calculation. My best guess you are making $1 net per day. Good for you.

nrg_wolf

legendary

Activity: 882

Merit: 1000

i really dont see why everyone is suffering and shutting down, i only have 13 cards and iam doing just fine with my take.....

Johanna

sr. member

Activity: 255

Merit: 250

Quote from: notlist3d on September 08, 2014, 07:13:24 AM

Quote from: n4ru on September 08, 2014, 03:56:44 AM

So, I've been gone for quite a while. Last I checked VertCoin and Scrypt-N were the new thing. I come back and I see 6 or 7 different algorithms?

What did I miss? How do these algos work? Is there one that is strictly for GPUs not that Scrypt itself has ASICs?

Is there any algo/coin that is "profitable" given existing GPU hardware? Or is it all cloud/ASIC?

Sadly for most GPU days are over. Cost of electricity and heat removal just makes it impossible to compete against Asic. They have shifted to x... or n , etc. This is to be asic resistant. But for most people even with those algos there is not enough profit and you are better off selling cards and buying BTC or getting a asic.

I am still keeping my gpu for now, almost impossible to sell right now...

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: n4ru on September 08, 2014, 03:56:44 AM

So, I've been gone for quite a while. Last I checked VertCoin and Scrypt-N were the new thing. I come back and I see 6 or 7 different algorithms?

What did I miss? How do these algos work? Is there one that is strictly for GPUs not that Scrypt itself has ASICs?

Is there any algo/coin that is "profitable" given existing GPU hardware? Or is it all cloud/ASIC?

Sadly for most GPU days are over. Cost of electricity and heat removal just makes it impossible to compete against Asic. They have shifted to x... or n , etc. This is to be asic resistant. But for most people even with those algos there is not enough profit and you are better off selling cards and buying BTC or getting a asic.

taaku

full member

Activity: 145

Merit: 100

why bring all these algo when ultimately they are going to use electricity ...we should have proof of electricity..no hardware to buy..just connect heater and wifi router ..good to go... Huh

Amph

legendary

Activity: 3206

Merit: 1069

soon sound card mining too

lmao, it would be good to mine with the psu and MB also lol

n4ru

sr. member

Activity: 350

Merit: 250

Quote from: Minerjoe on September 08, 2014, 04:03:58 AM

Quote from: n4ru on September 08, 2014, 03:56:44 AM

So, I've been gone for quite a while. Last I checked VertCoin and Scrypt-N were the new thing. I come back and I see 6 or 7 different algorithms?

What did I miss? How do these algos work? Is there one that is strictly for GPUs not that Scrypt itself has ASICs?

Is there any algo/coin that is "profitable" given existing GPU hardware? Or is it all cloud/ASIC?

I would not focus on GPU mining anymore, regardless of what algo you might select, this simply is not profitable anymore. Cloud mining is the only way to go right now IMO, unless you can get top shelf ASIC without relying on preorders.
There is even HDD mining introduced recently, don't know how profitable that is ATM.

Haha holy shit HDD mining?? Link?

And why is it not profitable? Will it not even make back electrical costs?

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: n4ru on September 08, 2014, 03:56:44 AM

So, I've been gone for quite a while. Last I checked VertCoin and Scrypt-N were the new thing. I come back and I see 6 or 7 different algorithms?

What did I miss? How do these algos work? Is there one that is strictly for GPUs not that Scrypt itself has ASICs?

Is there any algo/coin that is "profitable" given existing GPU hardware? Or is it all cloud/ASIC?

I would not focus on GPU mining anymore, regardless of what algo you might select, this simply is not profitable anymore. Cloud mining is the only way to go right now IMO, unless you can get top shelf ASIC without relying on preorders.
There is even HDD mining introduced recently, don't know how profitable that is ATM.

n4ru

sr. member

Activity: 350

Merit: 250

So, I've been gone for quite a while. Last I checked VertCoin and Scrypt-N were the new thing. I come back and I see 6 or 7 different algorithms?

What did I miss? How do these algos work? Is there one that is strictly for GPUs not that Scrypt itself has ASICs?

Is there any algo/coin that is "profitable" given existing GPU hardware? Or is it all cloud/ASIC?

Topic: Been away - what is with all these new algos? (Read 1386 times)