Author

Topic: Buy more GPU or go in FPGA ? (Read 968 times)

newbie
Activity: 106
Merit: 0
October 17, 2018, 08:47:13 AM
#39
luno so sour. kids can't mine with mom and dads elec . cause we all lose profit vs the mega farms. the shit u say bro.
member
Activity: 644
Merit: 10
October 17, 2018, 02:54:16 AM
#38
Mining has been brutal for those of us that jumped into it in 2018. I feel your pain about not ROI'ing for a long time on GPU, if ever at all.

Things are so uncertain right now that you will be placing a big bet if you go with FPGA. Like others say, research the hell out of that before you throw $20k at it.

So, I have a mix set of GPU miners (1080ti, Vega 56, rx 580) and Antminer L3+ miners. Basically, I wanted a diversified mining semi-pro mining operation. BUT almost every assumption that I have made about profitability has either been wrong or changed by foreseen circumstances.

Examples:

- Prices will not drop too much on coins overall - WRONG! Altcoins went to the dumpster this last month.
- 1080ti is very good at mining ZEC. Will make money - WRONG! ZEC mining profits are being killed by ASICS. And load and behold, with the EthEnlargementPill, 1080ti's are now killers at mining ETH, not ZEC!!!
- L3+ profit is comparable to S9 miner (when I bought them in March). WRONG! Bitmain had a firesale on L3+ ASICs, and litecoin prices tanked. LOL they are having a firesale on S9's now too (3 months after L3 firesafe)
- Vega is the best at mining. This has held true, but only because Monera hard forked to fight ASICs. If Monero did not fork, my Vega's would probably not be mining anything profitably.
- rx 580 is the most profitable at mining ETH. Nope. 1080ti is now. rx 580 is not profitable. For mining ANTHING! Turned off.

And you have storm clouds on the horizon:
- ETH thinking about reducing block rewards
- Bitcoin block reward halving in 2019 (?)
- Litecoin block reward having in 2020 (?)
- anyone's guest when prices will recover. My bet is that we are in a prolonged multi-year bear market for crypto.

Better to just buy the crypto while they are cheap and now and earn money doing what you are good at -- your day job!! Unless you have super cheap electricity, of course.

Just my humble opinion

I support your opinion!

In mining they make good money:

1) hardware manufacturers,
2) software creators,
3) ASICS seller.

it is not clear what will happen to the blockchain of most cryptocurrencies, if it becomes more centralized. Where there's cheap electricity.
member
Activity: 90
Merit: 10
October 17, 2018, 02:23:24 AM
#37
Isn't it better to invest in solar panels now?

THIS ^^^^
full member
Activity: 392
Merit: 159
October 17, 2018, 01:32:48 AM
#36
are you using https://www.whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=3&adapt_q_570=0&adapt_q_580=40&adapt_580=true&adapt_q_vega56=0&adapt_q_vega64=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=1&adapt_q_1070=10&adapt_1070=true&adapt_q_1070Ti=0&adapt_q_1080=3&adapt_q_1080Ti=1&adapt_q_2080=1ð=true&factor%5Beth_hr%5D=1508.0&factor%5Beth_p%5D=6600.0&zh=true&factor%5Bzh_hr%5D=430.0&factor%5Bzh_p%5D=1300.0&cns=true&factor%5Bcns_hr%5D=44000.0&factor%5Bcns_p%5D=5700.0&cnh=true&factor%5Bcnh_hr%5D=44000.0&factor%5Bcnh_p%5D=5700.0&cn7=true&factor%5Bcn7_hr%5D=41700.0&factor%5Bcn7_p%5D=5700.0&eq=true&factor%5Beq_hr%5D=15900.0&factor%5Beq_p%5D=6000.0&lre=true&factor%5Blrev2_hr%5D=1865000.0&factor%5Blrev2_p%5D=6500.0&ns=true&factor%5Bns_hr%5D=44300.0&factor%5Bns_p%5D=7300.0&tt10=true&factor%5Btt10_hr%5D=583.0&factor%5Btt10_p%5D=6500.0&x16r=true&factor%5Bx16r_hr%5D=420.0&factor%5Bx16r_p%5D=6900.0&l2z=true&factor%5Bl2z_hr%5D=54.0&factor%5Bl2z_p%5D=6100.0&phi2=true&factor%5Bphi2_hr%5D=56.0&factor%5Bphi2_p%5D=1300.0&xn=true&factor%5Bxn_hr%5D=103.0&factor%5Bxn_p%5D=6100.0&hx=true&factor%5Bhx_hr%5D=110.0&factor%5Bhx_p%5D=1300.0&phi=true&factor%5Bphi_hr%5D=830.0&factor%5Bphi_p%5D=6500.0&factor%5Bcost%5D=0.039&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=binance&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=cryptobridge&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=Main&commit=Calculate ? ?
jr. member
Activity: 47
Merit: 1
October 17, 2018, 12:50:01 AM
#35
Isn't it better to invest in solar panels now?
jr. member
Activity: 279
Merit: 1
October 15, 2018, 12:13:24 PM
#34
I grabbed 3 470s last month for around 110 dollars. May grabbed few more if the lower price continues.
FPGAs are too expensive for me
newbie
Activity: 83
Merit: 0
October 15, 2018, 11:28:21 AM
#33
If I had some spare money I would get some used 1080tis and Vegas cheap from a reliable source,
but not too many. FPGAs are too mysterious right now and teir payoff will be long enough.
member
Activity: 449
Merit: 24
October 15, 2018, 09:01:38 AM
#32
I have cheap electricity $.049 and I wouldn’t buy GPUs.  I’m running 50 gpus and 7 ASICS and the gpus are hardly worth running.  I’m tempted to shut down the gpus and replace with one or two ASICs but I’m not sure the ASICs will ever ROI.
full member
Activity: 191
Merit: 100
October 15, 2018, 05:28:14 AM
#31
nowadays mainly only miming hardware manufacturers and sellers earn money in crypto mining  sphere.
Better to buy crypto. more chances to earn some % in short terms

When the GPU price is low and your electricity price is low, it is OK to buy the GPU for mining. Otherwise, it is better to buy the coins directly.
jr. member
Activity: 248
Merit: 8
October 15, 2018, 12:30:18 AM
#30
Catch the opportunity of FPGA miner

In such a bear market environment, choosing FPGA mine is a way to avoid risks and increase profits.

hashaltcoin blackminer F1, $2500, 17.5$ daily, 142 ROI now.


Welcome to join our discord group : https://discord.gg/xG7v7ey
website: https://hashaltcoin.com/
You can have a trial.


Seems kind of fishy. Do you have any verified reviews of your units and where are your offices based at?
Team Octominer can come to your office to verify the product and post reviews. We can also help with distribution if you have a LEGIT product.  Grin
jr. member
Activity: 195
Merit: 6
October 14, 2018, 10:49:01 PM
#29
Catch the opportunity of FPGA miner

In such a bear market environment, choosing FPGA mine is a way to avoid risks and increase profits.

hashaltcoin blackminer F1, $2500, 17.5$ daily, 142 ROI now.


Welcome to join our discord group : https://discord.gg/xG7v7ey
website: https://hashaltcoin.com/
You can have a trial.
full member
Activity: 1148
Merit: 132
October 14, 2018, 04:16:51 PM
#28
dificut decition, but I would not buy any new hardware for mining. for the moment, even with free electricity HI ROI.
with free electricity if such a thing exists id be rolling in your so called ROI , another drunk posting  on sunday i gues
jr. member
Activity: 238
Merit: 3
October 14, 2018, 01:05:56 PM
#27
dificut decition, but I would not buy any new hardware for mining.
newbie
Activity: 18
Merit: 0
October 14, 2018, 10:28:44 AM
#26
Bad time to scale the operation any bigger imo.  Profits are too low unless you have near free electricity so risk vs reward is heavily tilted one way.

With the kind of money your looking to put into it on top you could get a really nice solar setup which could aleviate your electricity cost issue and increase the profitability, but you would need to get the ROI on that as well.  Its one good poing is it would always have furure money saving applications.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
September 13, 2018, 02:51:29 PM
#25
I'm also personally only investing in altcoins now, and I've stopped putting more money into mining rigs and parts as profitability's gone down the drain, and it'll likely continue going downwards. You don't need to be an experienced trader or anything of the sort to buy and sell coins; it is always possible to just buy low and sell high, which is what I've been primarily doing. Coin prices haven't been this low in a while, and it isn't a bad idea at the moment to put at least a bit for money into buying alts and BTC.
member
Activity: 176
Merit: 20
Knowledge is power
September 13, 2018, 02:26:23 PM
#24
I wish I had a clear answer to give you. First of all you must see if you can i crease your profits. Check nicehash with auto algo profitability setting. Dont mine ethereum Zcash or ZEN, try to find asic resistant coins if you want to keep mining with gpu.
newbie
Activity: 14
Merit: 0
September 13, 2018, 01:43:33 PM
#23
i had 2 x 1080ti and i had the same hashrate on ethash.

so if i underestand im better to buy couple 1080ti ?


what algo you mine ?
jr. member
Activity: 32
Merit: 29
September 13, 2018, 01:06:47 PM
#22
Mining has been brutal for those of us that jumped into it in 2018. I feel your pain about not ROI'ing for a long time on GPU, if ever at all.

Things are so uncertain right now that you will be placing a big bet if you go with FPGA. Like others say, research the hell out of that before you throw $20k at it.

So, I have a mix set of GPU miners (1080ti, Vega 56, rx 580) and Antminer L3+ miners. Basically, I wanted a diversified mining semi-pro mining operation. BUT almost every assumption that I have made about profitability has either been wrong or changed by foreseen circumstances.

Examples:

- Prices will not drop too much on coins overall - WRONG! Altcoins went to the dumpster this last month.
- 1080ti is very good at mining ZEC. Will make money - WRONG! ZEC mining profits are being killed by ASICS. And load and behold, with the EthEnlargementPill, 1080ti's are now killers at mining ETH, not ZEC!!!
- L3+ profit is comparable to S9 miner (when I bought them in March). WRONG! Bitmain had a firesale on L3+ ASICs, and litecoin prices tanked. LOL they are having a firesale on S9's now too (3 months after L3 firesafe)
- Vega is the best at mining. This has held true, but only because Monera hard forked to fight ASICs. If Monero did not fork, my Vega's would probably not be mining anything profitably.
- rx 580 is the most profitable at mining ETH. Nope. 1080ti is now. rx 580 is not profitable. For mining ANTHING! Turned off.

And you have storm clouds on the horizon:
- ETH thinking about reducing block rewards
- Bitcoin block reward halving in 2019 (?)
- Litecoin block reward having in 2020 (?)
- anyone's guest when prices will recover. My bet is that we are in a prolonged multi-year bear market for crypto.

Better to just buy the crypto while they are cheap and now and earn money doing what you are good at -- your day job!! Unless you have super cheap electricity, of course.

Just my humble opinion
full member
Activity: 376
Merit: 103
September 13, 2018, 01:04:50 PM
#21
nowadays mainly only miming hardware manufacturers and sellers earn money in crypto mining  sphere.
Better to buy crypto. more chances to earn some % in short terms
full member
Activity: 846
Merit: 115
September 13, 2018, 12:29:09 PM
#20
Let's get this clear. GPU earrings are shit and will continue to be that way for the next year or two until market recovers. Too many people overbought gpus . If the market recovers, people will  just turn gpu rigs back on thus suppressing profits. That's what I'll be doing.

With fpga you got a huge edge as less people have them and hash per dollar is many x times better than GPU. Requires to pay for these in crypto which most people won't do in bear markets.

Any retarded gamer kid will just use credit card to buy more GPU if they see a recovery,  and mine with parents free electric and always rekt your GPU profits. They will brag to their gamer buddied how they got a free rtx2080 and they will copy him.

GPU mining is for tards
full member
Activity: 602
Merit: 106
September 13, 2018, 11:49:25 AM
#19
With the market condition we have right now, I would really take time to consider if I really would want to purchase any more mining equipment right now. Too big of a chance to lose big amounts of hard earned money really quickly.
sr. member
Activity: 588
Merit: 335
Steady State Finance
September 13, 2018, 10:56:01 AM
#18
I seen that cle booster yesterday .. My question are if i buy adapter can i add 2-3 booster on 1 rig ?

It should be can, but I'm not sure since I haven't tried it directly.

And my goal was mine in btc value 0.1 btc a week .. Minus my elec cost. That why i want upgrade .. I have cheap elec .. Alot of place (i can host 400gpu easy) and i have the cooling system.

Oh ic, I understand your goal. You want to reach your weekly target, right? So you want to add more mining tools to achieve it.

You've experienced on this (in the short period):

But the thing are in 3 months my profit drop of 50% .. That pretty crazy.

How if it happens again when you add more mining tools? I still believe you can optimize what you have currently. Decision is yours
jr. member
Activity: 557
Merit: 5
September 13, 2018, 10:49:17 AM
#17
Right now, i wouldn't do any investment toward mining.
You should wait to see what's going on with legislation in particular.
newbie
Activity: 14
Merit: 0
September 13, 2018, 09:04:01 AM
#16
I seen that cle booster yesterday .. My question are if i buy adapter can i add 2-3 booster on 1 rig ? That can be way more profitable .. And my goal was mine in btc value 0.1 btc a week .. Minus my elec cost. That why i want upgrade .. I have cheap elec .. Alot of place (i can host 400gpu easy) and i have the cooling system .. But the thing are in 3 months my profit drop of 50% .. That pretty crazy.
sr. member
Activity: 588
Merit: 335
Steady State Finance
September 13, 2018, 03:50:41 AM
#15
-snip- 

Yeah, Acorn 215+ for 1070 and also CLE-101 for 580 was a great idea and some Nest X2G.

Is it really worked? Have you tried these GPU boosters? I just heard Acorn 215+ from my friend who's bought it, but it's doesn't arrive yet, so I've never see and tested it directly.

None have shipped yet, but that is supposed to change any day now. Maybe wait a few weeks and see what the real world effects of the Acrons are. Might be brilliant, might be 'meh' given the bear market.

Yeah, Bart.
My friend said, estimated arriving in the middle of this month. But the problem is, shipping cost to my place a bit expensive , $199 for shipping & handling, it means a half more from CLE 215's prices.
full member
Activity: 231
Merit: 101
September 13, 2018, 03:18:13 AM
#14
GPU all the way. And Titan V ftw
hero member
Activity: 1190
Merit: 641
September 13, 2018, 03:10:45 AM
#13
The author, if you had asked about investment in mining 3 months ago, I would have dissuaded you.
It is better to invest in the crypto currency, but you need to understand that this is a very risky investment
I would not buy FPGA or Acorn 215+ now. It will pay off very long
member
Activity: 357
Merit: 26
September 13, 2018, 02:45:36 AM
#12
Adding a few Squirrel Acorn 215+'s for your ten GTX 1070's could be worthwhile.  You might want to upgrade the mainboards that host your 1070's as well.  The Acorn FPGA's are supposed to give a +30% hash rate boost for some algos.  

Yeah, Acorn 215+ for 1070 and also CLE-101 for 580 was a great idea and some Nest X2G.

Is it really worked? Have you tried these GPU boosters? I just heard Acorn 215+ from my friend who's bought it, but it's doesn't arrive yet, so I've never see and tested it directly.

None have shipped yet, but that is supposed to change any day now. Maybe wait a few weeks and see what the real world effects of the Acrons are. Might be brilliant, might be 'meh' given the bear market.
sr. member
Activity: 588
Merit: 335
Steady State Finance
September 13, 2018, 01:58:00 AM
#11
Adding a few Squirrel Acorn 215+'s for your ten GTX 1070's could be worthwhile.  You might want to upgrade the mainboards that host your 1070's as well.  The Acorn FPGA's are supposed to give a +30% hash rate boost for some algos.  

Yeah, Acorn 215+ for 1070 and also CLE-101 for 580 was a great idea and some Nest X2G.

Is it really worked? Have you tried these GPU boosters? I just heard Acorn 215+ from my friend who's bought it, but it's doesn't arrive yet, so I've never see and tested it directly.
newbie
Activity: 86
Merit: 0
September 13, 2018, 01:33:15 AM
#10
Adding a few Squirrel Acorn 215+'s for your ten GTX 1070's could be worthwhile.  You might want to upgrade the mainboards that host your 1070's as well.  The Acorn FPGA's are supposed to give a +30% hash rate boost for some algos.  
sr. member
Activity: 588
Merit: 335
Steady State Finance
September 13, 2018, 12:57:55 AM
#9
Actually im mining MOAC coin .. on comining. i think this coin can get 200%-400% in couple months ...
If you have better suggestion let me know.

If you been doing proper research on the coin and believe that coin will grow as you expected, then why not? Even if it fails, you have experience in the future. Winners aren't people whose never fail, but people who never quit. (wise mode on)

So what now buy massic GPU ? and try stay in the game ?

I think you can stay, and focus on the mining tools that you have already. You just need to increase your mining skill and experience. Buying new stuff isn't a good idea.

And im in Canada, quebec ... paying like $0.05CAD kw/h

$0.05CAD equal to $0.038, right?
Oh man, with that electricity cost, I believe you can do more, you can get a better profit than another miner. My electricity cost even three times at yours.

newbie
Activity: 42
Merit: 0
September 12, 2018, 11:55:12 PM
#8
i think vga is right way

when market problem every coin get low like this day  you can sell vga card
newbie
Activity: 14
Merit: 0
September 12, 2018, 11:52:52 PM
#7
Actually im mining MOAC coin .. on comining. i think this coin can get 200%-400% in couple months ...

If you have better suggestion let me know.

So what now buy massic GPU ? and try stay in the game ?

And im in Canada, quebec ... paying like $0.05CAD kw/h
newbie
Activity: 102
Merit: 0
September 12, 2018, 11:44:31 PM
#6
Bad time to scale the operation any bigger imo.  Profits are too low unless you have near free electricity so risk vs reward is heavily tilted one way.
sr. member
Activity: 588
Merit: 335
Steady State Finance
September 12, 2018, 11:21:28 PM
#5
Just remember one thing, you still have 50 GPU as your asset. Yes, the value of your GPUs will decrease time over time. What you need to do is optimizing what you have, if you want to stay. You can start with learning more about mining profitability such as algorithm choosing, coins choosing, calculate profitability yourself. Or, you can use auto-switch mining, let's say Awesomeminer or other similar things, to make it easy.

Buying some other stuff that you think more profitable than your current mining stuff isn't the solution, moreover in an uncertain situation like nowadays. Except you were able to sell all of the previous mining stuff.

For now, you just need to focus on what you have already rather than add more mining stuff.
full member
Activity: 406
Merit: 110
September 12, 2018, 10:36:52 PM
#4
So what ... Just stop mining ?

Most of the research and discussion here points to that. Unless you are mining at scale with very good deals on electricity rates or have access to extremely cheap hardware, then you are just like the rest of small fish that are being pushed out of the mining scene.

Mining is becoming more centralized and profitable only for "whales." This is why we need to support more of those anti-ASIC coins like Monero.
newbie
Activity: 14
Merit: 0
September 12, 2018, 10:27:01 PM
#3
So what ... Just stop mining ?
sr. member
Activity: 784
Merit: 282
September 12, 2018, 10:04:23 PM
#2
Ok everybody i bought 40x Rx 580 8GB + 10 GTX 1070. 3 months ago...


the profit was pretty cool ... now the hashrate just destroy it .. im making around 0.045$ profit by card right now ( mining ETHASH ).


I would like invest $20 000 (CAD) more ... but im afraid now ... i just need FPGA card coming ... and evrything .. what my best option ? Buy MORE GPU or look for those FPGA card ?

*** I STIL DIDNT ROI MY FIRST INVESTMENT FOR THOSE 50 GPU WILL NOT COMING SOON TOO WITH MY $20/day.

Thats a pretty serious investment. I'd suggest you read the more discussion here on the altcoin mining forum as a lot of other members have discussed the pros and cons of continuing mining with GPUs, FPGAs, or even ASICs.

Personally, if it was me with that sort of hardware, i'd definitely sell the GPUs now and try to get as good a price on it. The next question about whether or not to invest more into mining and buy FPGAs is the real question. Not many FPGAs have materialized yet and there are lots of scams so be careful.
newbie
Activity: 14
Merit: 0
September 12, 2018, 09:25:43 PM
#1
Ok everybody i bought 40x Rx 580 8GB + 10 GTX 1070. 3 months ago...


the profit was pretty cool ... now the hashrate just destroy it .. im making around 0.045$ profit by card right now ( mining ETHASH ).


I would like invest $20 000 (CAD) more ... but im afraid now ... i just need FPGA card coming ... and evrything .. what my best option ? Buy MORE GPU or look for those FPGA card ?

*** I STIL DIDNT ROI MY FIRST INVESTMENT FOR THOSE 50 GPU WILL NOT COMING SOON TOO WITH MY $20/day.
Jump to: