Topic: Best new altcoin for gpu mining? (Read 620 times)
What do you think about mining ethereum on solo pools? Of course there is no guarantee to finding a block but if you can find, it is nearly equal to yearly revenue.
You should definatly not sell right now. GPU prices has gone down due to low profitablity on mining. You should wait, the crypto market always goes in circles, prices will rise again and mining profitability will rise with it. New coins will emerge from the ICO darkness and provide us with good coins to mine. 
If you want to mine big coin (BTC,ETH,XMR etc) for now, yes of course it's not profitable anymore. Except you have great and a lot GPU you can be compared with ASIC miner.
But if you want to mine new coins, i think it has a possibility to get rich or profitable. You have to research about new coins, i can be sure several next years can be rich. Why? ,because, i think once was btc's miner not as rich as now. They also do research on that coin. So better leave the big coins and start looking for new coins for mining. Such as Musicoin, TRTL, ARTO,..etc
Happy research
But if you want to mine new coins, i think it has a possibility to get rich or profitable. You have to research about new coins, i can be sure several next years can be rich. Why? ,because, i think once was btc's miner not as rich as now. They also do research on that coin. So better leave the big coins and start looking for new coins for mining. Such as Musicoin, TRTL, ARTO,..etc
Happy research
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Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?
Many feel that now is a good time to sell GPUs. There is so much at risk because of all the threats incoming. Consider the following listed below, do your own research, and make your decision.
- ASICs like the Z9 and E3 are incoming
- FPGAs are now being sold to the community
- NVIDIA is coming out with a new series of GPUs
- The difficulty of coins keeps getting higher with or without ASICs
Isn't it amazing how quickly rational thought and lists like this go right out the window when bitcoin goes back to $20K or higher?
But that is a nice list to be aware of. However, it is also more of the cons side of a pros/cons list so here are some pros to GPU mining:
1) Easy for those college kids with free electricity to pay for whatever gear they bought or whatever else they want to spend money on
2) New coin algorithms will always be developed with an interest to not be ASIC and FGPA resistant resulting in obsolete/worthless paper weights
3) New coins with low difficulty constantly emerge. Many are worthless but some are valuable. Hash power is a finite resource so when coins fork to new ASIC/FPGA resistant algorithms difficulty again can go lower and make the coin more attainable to CPU/GPU miners.
Great arguments to show the "other side of the coin" but like the first list's poster, i'm more skeptical about the future of GPU mining. Another reason is that big industry players are also getting into the mining business and when they do things in economies of scale, the college kids really don't stand a chance. A simple example is industry players getting good deals on electricity costs because of their volume (electricity). Examples like such keep them profitable and tend to push out those with higher electricity costs (college kids).
If I'm not mistaken, he's talking about college kids that are using college electricity to power their rigs/computers so that way they are using "free" electricity because they're not paying for it.
You are not mistaken, slackovic
Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?
Many feel that now is a good time to sell GPUs. There is so much at risk because of all the threats incoming. Consider the following listed below, do your own research, and make your decision.
- ASICs like the Z9 and E3 are incoming
- FPGAs are now being sold to the community
- NVIDIA is coming out with a new series of GPUs
- The difficulty of coins keeps getting higher with or without ASICs
Isn't it amazing how quickly rational thought and lists like this go right out the window when bitcoin goes back to $20K or higher?
But that is a nice list to be aware of. However, it is also more of the cons side of a pros/cons list so here are some pros to GPU mining:
1) Easy for those college kids with free electricity to pay for whatever gear they bought or whatever else they want to spend money on
2) New coin algorithms will always be developed with an interest to not be ASIC and FGPA resistant resulting in obsolete/worthless paper weights
3) New coins with low difficulty constantly emerge. Many are worthless but some are valuable. Hash power is a finite resource so when coins fork to new ASIC/FPGA resistant algorithms difficulty again can go lower and make the coin more attainable to CPU/GPU miners.
Great arguments to show the "other side of the coin" but like the first list's poster, i'm more skeptical about the future of GPU mining. Another reason is that big industry players are also getting into the mining business and when they do things in economies of scale, the college kids really don't stand a chance. A simple example is industry players getting good deals on electricity costs because of their volume (electricity). Examples like such keep them profitable and tend to push out those with higher electricity costs (college kids).
If I'm not mistaken, he's talking about college kids that are using college electricity to power their rigs/computers so that way they are using "free" electricity because they're not paying for it.
Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?
Many feel that now is a good time to sell GPUs. There is so much at risk because of all the threats incoming. Consider the following listed below, do your own research, and make your decision.
- ASICs like the Z9 and E3 are incoming
- FPGAs are now being sold to the community
- NVIDIA is coming out with a new series of GPUs
- The difficulty of coins keeps getting higher with or without ASICs
Isn't it amazing how quickly rational thought and lists like this go right out the window when bitcoin goes back to $20K or higher?
But that is a nice list to be aware of. However, it is also more of the cons side of a pros/cons list so here are some pros to GPU mining:
1) Easy for those college kids with free electricity to pay for whatever gear they bought or whatever else they want to spend money on
2) New coin algorithms will always be developed with an interest to not be ASIC and FGPA resistant resulting in obsolete/worthless paper weights
3) New coins with low difficulty constantly emerge. Many are worthless but some are valuable. Hash power is a finite resource so when coins fork to new ASIC/FPGA resistant algorithms difficulty again can go lower and make the coin more attainable to CPU/GPU miners.
Great arguments to show the "other side of the coin" but like the first list's poster, i'm more skeptical about the future of GPU mining. Another reason is that big industry players are also getting into the mining business and when they do things in economies of scale, the college kids really don't stand a chance. A simple example is industry players getting good deals on electricity costs because of their volume (electricity). Examples like such keep them profitable and tend to push out those with higher electricity costs (college kids).
Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?
Many feel that now is a good time to sell GPUs. There is so much at risk because of all the threats incoming. Consider the following listed below, do your own research, and make your decision.
- ASICs like the Z9 and E3 are incoming
- FPGAs are now being sold to the community
- NVIDIA is coming out with a new series of GPUs
- The difficulty of coins keeps getting higher with or without ASICs
Isn't it amazing how quickly rational thought and lists like this go right out the window when bitcoin goes back to $20K or higher?
But that is a nice list to be aware of. However, it is also more of the cons side of a pros/cons list so here are some pros to GPU mining:
1) Easy for those college kids with free electricity to pay for whatever gear they bought or whatever else they want to spend money on
2) New coin algorithms will always be developed with an interest to not be ASIC and FGPA resistant resulting in obsolete/worthless paper weights
3) New coins with low difficulty constantly emerge. Many are worthless but some are valuable. Hash power is a finite resource so when coins fork to new ASIC/FPGA resistant algorithms difficulty again can go lower and make the coin more attainable to CPU/GPU miners.
Yeah, despite the fact that after Bitmain released asics and almost killed GPU mining, I still vote for GPU, old but gold. Also if you see developers think to make their coins ASIC resistant, this means bitmain's asic may have a short life. On december GTX 1080ti had great profitability for 2 week, with that statistics it could ROI in 2 month on nicehash and on another coins as whattomine displayed.
But I would sell current GPUs and wait for upcoming ones...
But I would sell current GPUs and wait for upcoming ones...
Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?
Everything can be change in days/weeks in this market. Just mine most profitable coin of day, sold them to buy undervalued alts you believe. Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.
sure, with GPU-s everyone can change algos dynamically, if you will not be lazy - you can earn more money compared with the same cost of ASICs
I am not buying ASICs. I am thinking of selling GPUs, and just trade for now. And buy new series GPUs. What do you guys think?
You have to do your due diligence and research and then decide as this really does change on a daily if not somewhat hourly basis.
Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.
sure, with GPU-s everyone can change algos dynamically, if you will not be lazy - you can earn more money compared with the same cost of ASICs
if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.Note:
Electricity cost is the primary problem for miners.
not only that, also declining gpu prices
What GPUs do you have? That would be a factor in deciding if you want to sell them or not.
i have many 1050 ti cards. They're efficient at mining but the difficulty/price has change a lot in few months.
Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.
if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.Note:
Electricity cost is the primary problem for miners.
not only that, also declining gpu prices
What GPUs do you have? That would be a factor in deciding if you want to sell them or not.
I think it will still depend on what coin you are mining if you focus on zcash and ethereum mining there's a possibility that you can be lost profit when selling it at the low price so you must hold them for a long time and sell them when the price is increasing and made you a profit.
Because everything here in altcoin mining is unpredictable that is why the other miners are mining potential altcoin because they know someday the price will increase higher and made them a huge profit.
So for me not a good idea to sell GPU's instead be smart if what altcoin you must choose and hold them for a long time. not a more than a year.
Because everything here in altcoin mining is unpredictable that is why the other miners are mining potential altcoin because they know someday the price will increase higher and made them a huge profit.
So for me not a good idea to sell GPU's instead be smart if what altcoin you must choose and hold them for a long time. not a more than a year.
not only that, also declining gpu prices
yes, it is a difficult choice on another side of mining rigs when running not making profitable and in another side, when want to sell its GPU prices decreased.keep the spirit, Bud
if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.Note:
Electricity cost is the primary problem for miners.
not only that, also declining gpu prices
if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.Note:
Electricity cost is the primary problem for miners.
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