Can GPU Mining be proffitable in 2020?

Greatchu

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Quote from: 415jeremy on February 09, 2020, 11:05:38 PM

I have an idea to start mining altcoins (Zcash, Monero or something like that). At the same time I'm not going to spend my money on ASIC equipment.
Can I make any profit on GPU money? Or is it an idiotic idea now?

Its better to choose monero because they've private algorithm now called randomx which lowers monero high mining difficulty alot, but Asic mining will be better if you can afford the cost because you will easily earn the money spent in few months and ROI in a year with extra gains

badbart

member

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Merit: 24

Quote from: Vladegg on February 10, 2020, 01:06:06 AM

Try new feature - mortgaged mining. More risk, but much more profit, than regular mining. BFC coin is pretty nice atm.

lol, too much risk. You have to buy lots of coins and you are stuck in a poor preforming coin. Also it takes 3-4 days to release your mortgaged coins, good luck trying to sell quickly.

ZeeeN

jr. member

Activity: 298

Merit: 3

for new user to start mining

nvidia card can easy to setup more than amd card.

and when past 2-2.5year when you want to sell card to gamer can sell in acceptable price more than amd.

but if you have time to learn amd card and not think to sell it can more profit in some algo.

rdluffy

legendary

Activity: 2366

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I've seen a lot of posts about start mining
You have to consider like a business

How much you have to invest?
How much is your electricity costs?
How much time to have some profits with recent prices, but considering difficulty, price fluctuations, hardware costs?

Put that on a table and you'll have your answer

But if you want a simple asnwer: if you have a dirt cheap electricity cost, like 5 cents kW, go ahead

Vladegg

newbie

Activity: 69

Merit: 0

Quote from: quantumj on February 10, 2020, 02:39:05 AM

Quote from: Vladegg on February 10, 2020, 01:06:06 AM

Try new feature - mortgaged mining. More risk, but much more profit, than regular mining. BFC coin is pretty nice atm.

What is it ? Where to get some more information about "mortgaged" mining.

Mortgage enough BFC, miners can enjoy the mining with 100% mining revenue. otherwise the mining revenue will be 30%. Currently, 1Kh/s hashrate requires 300 BFC as the mortgage. The default mining mode is without mortgage.

About BFC https://bitcointalksearch.org/topic/ann-bitfree-cash-a-new-p2p-electronic-cash-system-based-on-mortgage-business-5198227

Herry Toms

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It depends on why you are going to mine if you are thinking about mining for long-term(Mine and hold your coin) then GPU mining is still a thing. You can mine young project with low-difficulty such as Ryocurrency(RYO). It is developing actively and has good future potential (Due to strong fundamentals coin price can increase more than expectations). To mine with GPU, you can try it, it is suitable for AMD and Nvidia GPU's as well as it can be mined with low-end/low-memory GPU's.
It uses a mining algorithm known as Cryptonight-GPU which is an ASIC/FPGA/BOTNET resistant mining algorithm built from scratch it is one of the best mining algorithms for GPUs in the whole Cryptonight algo's family other projects besides RYO are also using the same algorithm.

quantumj

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Activity: 56

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Quote from: Vladegg on February 10, 2020, 01:06:06 AM

Try new feature - mortgaged mining. More risk, but much more profit, than regular mining. BFC coin is pretty nice atm.

What is it ? Where to get some more information about "mortgaged" mining.

Quote from: 415jeremy on February 09, 2020, 11:05:38 PM

I have an idea to start mining altcoins (Zcash, Monero or something like that). At the same time I'm not going to spend my money on ASIC equipment.
Can I make any profit on GPU money? Or is it an idiotic idea now?

Try https://whattomine.com/

oleg8791

newbie

Activity: 48

Merit: 0

Big and fast profit is impossible without an initial capital for investing in your business. Mining beginners prefer to work in groups or mining pools. That proves GPU mining is aimless and endless process.

Vladegg

newbie

Activity: 69

Merit: 0

Try new feature - mortgaged mining. More risk, but much more profit, than regular mining. BFC coin is pretty nice atm.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: 415jeremy on February 09, 2020, 11:05:38 PM

I have an idea to start mining altcoins (Zcash, Monero or something like that). At the same time I'm not going to spend my money on ASIC equipment.
Can I make any profit on GPU money? Or is it an idiotic idea now?

Profit is a relative term. If I told you that you can make $0.20 per day of profit per GPU would that be enough for you? For some maybe, for most not so much.

Zcash actually has ASICs already so that is out. ETH is half ASIC and half GPU. XMR is more geered towards higher end CPUs.

So your best bet is to mine ETH. Currently with a RX 580 8GB which you can buy second hand for like $100 will net you $0.20 per day per card. Your choice if you think its worth it.

Keep in mind if ETH goes down in value you make even less. This is assuming you have $0.10 kwh power.

415jeremy

jr. member

Activity: 45

Merit: 3

I have an idea to start mining altcoins (Zcash, Monero or something like that). At the same time I'm not going to spend my money on ASIC equipment.
Can I make any profit on GPU money? Or is it an idiotic idea now?

Topic: Can GPU Mining be proffitable in 2020? (Read 218 times)