In 2014 when the Crypto market was at a marketcap of 10B> and a fraction of what it currently is, the majority of GPU minable coins were based on Scrypt and X11. Mining was then taken over by ASIC's, FPGA's and multipools, which combined with a 60% correction in BTC caused GPU mining to become unprofitable across the board and negative in many cases after power costs. Back then many people said it was the end of GPU mining, but they were wrong. New POW algorithms were developed and those that kept mining were able to reap huge returns once the market recovered.
What I have learned is profitability comes and goes with market, but as long as the market keeps growing and developing, its not a reason to stop mining. When profitability is low, if you can afford to keep your rigs running without having to sell the majority of your Crypto, it's an opportunity to accumulate coins at a lower cost that you can buy them for when the market eventually recovers.
Topic: Best new altcoin for gpu mining? - page 2. (Read 620 times)
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.
I have GPU and asics. Why sell GPU? There are many algorithms that support mining GPU. You will always have an alternative. I do not know whether I will buy the GPU or not, but I will not sell my own. There's always bitcoin, altcoins and Fiat in my wallet. You also need to do in mining.
What algos do you mine right now? Name them. So maybe I could start to mine again because I feel like giving up already.
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.
I have GPU and asics. Why sell GPU? There are many algorithms that support mining GPU. You will always have an alternative. I do not know whether I will buy the GPU or not, but I will not sell my own. There's always bitcoin, altcoins and Fiat in my wallet. You also need to do in mining.
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
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?
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