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Topic: GPU Mining. - page 3. (Read 4331 times)

sr. member
Activity: 266
Merit: 250
June 29, 2014, 08:42:51 PM
#35
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.

you can still miner some x11 /x13 coins with gpus.
profit is not what it used to be, but also isnt something to be thrown away either.

cheers

It may be profitable, but so is standing outside a supermarket begging for money.

If those X11/X13 coins go belly up in a 10 day period (we've seen alts come crashing down since 2011), then you're left holding 10, 20, 30 or however many cards you bought.  If you have a nice GPU that you game with and mine part-time you can't go wrong.   If you build out a farm now you're risking a lot more than last year at this time.

For me, I would spend my assets trying to build a crypto business.  The largest holders of coins besides the early whales are the bitcoin/litecoin businesses.
A lot of these coins are very new even by crypto currency standards. It is likely that most of them are very difficult to trade in any substantial quantity or even at all
DrG
legendary
Activity: 2086
Merit: 1035
June 27, 2014, 03:34:52 AM
#34
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.

you can still miner some x11 /x13 coins with gpus.
profit is not what it used to be, but also isnt something to be thrown away either.

cheers

It may be profitable, but so is standing outside a supermarket begging for money.

If those X11/X13 coins go belly up in a 10 day period (we've seen alts come crashing down since 2011), then you're left holding 10, 20, 30 or however many cards you bought.  If you have a nice GPU that you game with and mine part-time you can't go wrong.   If you build out a farm now you're risking a lot more than last year at this time.

For me, I would spend my assets trying to build a crypto business.  The largest holders of coins besides the early whales are the bitcoin/litecoin businesses.
legendary
Activity: 1456
Merit: 1000
June 27, 2014, 03:26:17 AM
#33
X11 and X13 for GPU make decent profit due to low power and heat!

But still the profit is really, really low unless your electricity is close to free..

Also have to keep in mind that GPU's reduce in price as time goes on.   For me personally i had 8500 + watts of GPU's running at a point.  But i could not justify cooling, electricity for profit.   

I would look into selling GPU's and getting new equipment or buying directly.  There are some "free" electricity that it might be worth it for but GPU is sadly not profitable for most.  Especially when you look at selling GPU vs profit it makes.
hero member
Activity: 784
Merit: 500
June 26, 2014, 08:11:50 PM
#32
The best way to profit right now is to buy a x11 FPGA, but I can't find a legit one and mostly scammers..
sr. member
Activity: 266
Merit: 250
June 26, 2014, 07:36:34 PM
#31
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.

you can still miner some x11 /x13 coins with gpus.
profit is not what it used to be, but also isnt something to be thrown away either.

cheers
You may make a lot in terms of the altcoins that you are buying, but in terms of bitcoin or in terms of fiat you will not mine very much.
legendary
Activity: 1008
Merit: 1000
June 26, 2014, 06:54:13 PM
#30
X11 and X13 for GPU make decent profit due to low power and heat!

But still the profit is really, really low unless your electricity is close to free..
newbie
Activity: 22
Merit: 0
June 26, 2014, 12:19:55 PM
#29
X11 and X13 for GPU make decent profit due to low power and heat!
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
June 26, 2014, 08:59:17 AM
#28
Will GPU mining be profitable again or will become obsolete in the future?  Huh
GPU mining for BTC will not be profitable at all and it is not right now. The only way to get BTC right now is to mine it with very expensive hardware or to work for it, or of course to buy it.
BR
Yes! But still you can mine some other low difficult coins.
Kindly,
        Muhammed Zakhir
sr. member
Activity: 275
Merit: 250
June 26, 2014, 08:04:59 AM
#27
Agree with mining x11 or x13 having some profit, but the profit is really low. I would suggest selling the GPU and buy BTC directly.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
June 26, 2014, 07:23:08 AM
#26
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.

you can still miner some x11 /x13 coins with gpus.
profit is not what it used to be, but also isnt something to be thrown away either.

cheers
sr. member
Activity: 266
Merit: 250
June 25, 2014, 10:00:19 PM
#25
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.
DrG
legendary
Activity: 2086
Merit: 1035
June 25, 2014, 04:38:39 AM
#24
GPU mining is very risky now that even scrypt has ASICs available.  It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development).  I would say GPU mining is only a somewhat safe bet if you have free electricity.  Barring that you're better off buying/speculating.
full member
Activity: 182
Merit: 100
June 25, 2014, 12:33:33 AM
#23
GPU mining for btc is only for time waste if you really wants to earn from gpu and want some money..And you have free electricirty then mine alt coins.. like newley created coins.. or some good coins and then exchange them with ltc btc or doge.. and you get profit.. well i got free electricity but i dont have a good gpu for mining i m now going to buy 7960 3gb gaming plus mining card .. mining speed 550 khs..
sr. member
Activity: 266
Merit: 250
June 24, 2014, 10:11:46 PM
#22
I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore.
not only would you not make a profit but you would also have roughly zero revenue from GPU mining
sr. member
Activity: 476
Merit: 255
June 24, 2014, 09:35:39 AM
#21
Will GPU mining be profitable again or will become obsolete in the future?  Huh

if mining for bitcoin, You will not get anything.
you better mine altcoin x13/x11, like drk, btcx, hiro, lioncoin.
more profitable. Cheesy
hero member
Activity: 569
Merit: 500
June 24, 2014, 08:42:30 AM
#20
AFAIK he said FPGA BITCOIN miners.

Oops my bad, guess it is a good time for me to have a cup of coffee now. Cheesy
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 24, 2014, 08:40:01 AM
#19
I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore.

The last few posts are talking about mining x11/x13 coins rather than bitcoin...
AFAIK he said FPGA BITCOIN miners.
hero member
Activity: 569
Merit: 500
June 24, 2014, 08:37:11 AM
#18
I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore.

The last few posts are talking about mining x11/x13 coins rather than bitcoin...
My bad...That post is indeed talking about bitcoin...
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 24, 2014, 08:31:09 AM
#17
I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore.
full member
Activity: 155
Merit: 100
June 24, 2014, 08:24:42 AM
#16
I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
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