Mine MaxCoin with your GPUs! It's a SHA3 coin so the Gridseed ASICS are useless for mining it.
While it's not profitable today (i.e. to mine and dump for cash), if you can afford to hold them then you are going to do quite well indeed in the medium/long term.
Topic: GPU mining= profitability going down the drain. (Read 10291 times)
I saw something happen with a currency recently on Poloniex(1st April) that made me think that this one can go up a shitload if even a few big buyers had to come in.
I am not going to give the coins name but it's by far the most undervalued coin and it's a coin you can buy stuff with already. I think if things turn around certain coins will jump in price and you just have to be patient for now.
I am not going to give the coins name but it's by far the most undervalued coin and it's a coin you can buy stuff with already. I think if things turn around certain coins will jump in price and you just have to be patient for now.
You can try GroestlCoin, wich use the most power efficient algo out there (a little more than X11).
Not really profitable, as all altcoin today, but you will lose less power cost and it has a future
https://bitcointalksearch.org/topic/anngrs-groestlcoin-1st-to-activate-segwit-building-lightning-network-525926
Not really profitable, as all altcoin today, but you will lose less power cost and it has a future
https://bitcointalksearch.org/topic/anngrs-groestlcoin-1st-to-activate-segwit-building-lightning-network-525926
Pool fee is 0% ! GHash.IO SCRYPT Multi Pool is open for beta testing, if anyone is interested.(invite required)
I'm trying it out atm, looks good.
some nice user defined settings, such as:
The most active testers will be rewarded with GHS!
If anyone would like to sign up feel free to use referral ghash.
Much appreciated
I'm trying it out atm, looks good.
some nice user defined settings, such as:
- Convert mined coins to BTC
- Convert mined coins to LTC
- Do not convert LTC, DOGE, FTC, AUR
- Drop miner jobs when switching coins
The most active testers will be rewarded with GHS!
If anyone would like to sign up feel free to use referral ghash.
Much appreciated
Try hirocoin. X11 algorithm
Mine HVC 50% less power consumption.
X11. Hirocoin or Darkcoin.
mine darkcoin 60% more profitability over script and script-n due to 60% less power consumption.
good btc a day rate aswell
good btc a day rate aswell
I completely stopped my rigs. I am getting only 1000kh hashrate. It is not profitable at all for me after power cost.
It isn't just GPU profitability that's way down, its everything. Asics are a terrible investment too. If you're a student of history, you'll know that the people who got rich during the California gold rush weren't the miners, it was the people selling the mining equipment. Same is true for crypto. Unless you manage to get ahold of the latest and greatest asics before everyone else, and get real lucky mining, you're playing a losing game too if your angle is to mine and dump.
That said, I'm not a big time miner by any stretch, I have ~5Mh. I knew the bubble would pop in dramatic fashion, and it is, so I didn't go overextend myself buying gpus or delude myself into thinking I would keep making huge profits. What I am doing is continuing to mine what I think has a future and diversifying my portfolio. Sure, I'm not making any money atm, but it may pay off in the future. I want to get my hands on as much btc, ltc, etc as I can while the diff and prices are down. I'm in this for the long haul, not a quick buck.
That said, I'm not a big time miner by any stretch, I have ~5Mh. I knew the bubble would pop in dramatic fashion, and it is, so I didn't go overextend myself buying gpus or delude myself into thinking I would keep making huge profits. What I am doing is continuing to mine what I think has a future and diversifying my portfolio. Sure, I'm not making any money atm, but it may pay off in the future. I want to get my hands on as much btc, ltc, etc as I can while the diff and prices are down. I'm in this for the long haul, not a quick buck.
Nicely put, with the gold rush example. Levi's did totally great in that era of the US history. LOL
Unless your a hardware/software production company, mining pool, coin dev and/or crypto exchange owner, you truly are not going to get rich in general. Think of a crypto miner being an independ contractor/work for a major company.
I see alot of people not treat Crypto like stocks, when they seem to act in a similar way. Both are volatile and have huge swings. You have to do you due diligence in researching trends of crypto, like in stocks for companies.
I personally stop buying gpu's at the moment, keeping most of my equipment. Waiting to see how the AMD HBM(High Bandwidth Memory) technology pans out. I usually buy my gpu's used off of Craigslist, saves me a tons of cash. LOL
What I am doing is continuing to mine what I think has a future and diversifying my portfolio.
What other than BTC has a future? You can't do anything with any other "coin", they're all hot air and none of them offer anything different. The whole altruistic idea of pre-allocating for a certain population is stupid too because the ONLY thing anyone will do with it (IF they can figure out how) is cash out. NO ONE is going to offer any legit goods or services for any other than BTC and even that is pretty sketchball. All this shit is smoke and mirrors. You were correct that the people making the money are the ones selling the mining equipment but even that has had a short-lived bubble as that is no longer profitable because the market was flooded with these extremely over-priced and uncomplicated specialized computers. The general populace was interested for about 30 seconds but no longer cares. Pretty much there is no money nor any future in any of this. If you want "coins" then just buy BTC, sit on it and sell it when the bubble inflates again or just buy shit with it. Either way any other "coin" doesn't DO anything and isn't good for anything more than a cheap yet fading rush when you mine a few thousand and for about a milisecond you think oh man this might blow up! Then you realize that's not happening nor is it going to ever happen. Waste of money, all of it. So many better things to invest in... short or LONG term.
Well I tried mining new coins on day 1 and just had nothing but troubles. Especially scrypt n coins, total shite.
My CGwatcher has about 125 different coin options and about the same amount of wallets have been unzipped-most are just absolute garbage.
I have on more than one occaision stayed up all night for a coin launch only to fund either the coin died, the wallet farked, the pool was useless, "add numerous other problems here".
I find the X11 is a nice algo to mine as it lowers my costs and risk. Also POS is a nice way to get invest if your sick of mining at a loss.
My CGwatcher has about 125 different coin options and about the same amount of wallets have been unzipped-most are just absolute garbage.
I have on more than one occaision stayed up all night for a coin launch only to fund either the coin died, the wallet farked, the pool was useless, "add numerous other problems here".
I find the X11 is a nice algo to mine as it lowers my costs and risk. Also POS is a nice way to get invest if your sick of mining at a loss.
It isn't just GPU profitability that's way down, its everything. Asics are a terrible investment too. If you're a student of history, you'll know that the people who got rich during the California gold rush weren't the miners, it was the people selling the mining equipment. Same is true for crypto. Unless you manage to get ahold of the latest and greatest asics before everyone else, and get real lucky mining, you're playing a losing game too if your angle is to mine and dump.
That said, I'm not a big time miner by any stretch, I have ~5Mh. I knew the bubble would pop in dramatic fashion, and it is, so I didn't go overextend myself buying gpus or delude myself into thinking I would keep making huge profits. What I am doing is continuing to mine what I think has a future and diversifying my portfolio. Sure, I'm not making any money atm, but it may pay off in the future. I want to get my hands on as much btc, ltc, etc as I can while the diff and prices are down. I'm in this for the long haul, not a quick buck.
That said, I'm not a big time miner by any stretch, I have ~5Mh. I knew the bubble would pop in dramatic fashion, and it is, so I didn't go overextend myself buying gpus or delude myself into thinking I would keep making huge profits. What I am doing is continuing to mine what I think has a future and diversifying my portfolio. Sure, I'm not making any money atm, but it may pay off in the future. I want to get my hands on as much btc, ltc, etc as I can while the diff and prices are down. I'm in this for the long haul, not a quick buck.
Gone are the good old days of litecoin 100 dificulty
Where are the profitable Asic resistant coins? 
XPM? It's GPU-minable now. any miner that thinks these levels are unprofitable, please take your hash offline, sell your cards and move to florida
those that mined through last summer 'at those profit levels' laugh in your general direction
those that mined through last summer 'at those profit levels' laugh in your general direction
+1 to this. BTC under $100 per was no fun. Still made profit though.
Mined straight through it like a boss.
Not sure you really understand the point here. Earning 0.017 btc per day from a 3 mhs rig is barely breakeven where I am due to high power costs.
When I bought my rig it was twice that. GPU's dont mine bitcoin these days they point at a multipool. Most multipools simply flog scrypt alt coins (non asic resistant).
Since the past few weeks gridcoin has come on board as the first ever script asic miner and as a result alt profitability mining went down (halved).
The question is now if a coin will be worthwhile mining anymore for GPU's or gameover.
sounds like you're selling them off right away. if you need the money, sell the rig. you'll make more money daytrading. if you're mining for long term value, then ignore the short term profitability.
Thinking about it, why would someone buy an altcoin as there is not much that can be done with it. Everyone just converts back to BTC. There is no future earnings potential and you cannot buy something with it. The problem is that there are too many coins out there, with each one following the same pattern from rise to demise. What is needed is a market with only a few coins that are actually accepted as payment. Asics sold out on the basic principle of distributed processing by ruining both Bitcoin and soon Litecoin for the man on the street. Any Scrypt coin is doomed imo. The future for the man on the street is Asic resistant algos like scrypt-n, but then there must be some kind of motivator for people to buy it. It seems like the markets are just full of bag holding miners that want to sell. We need buyers for the coins and who will buy coins if they cannot do anything with them? The buyers out there I think is getting tired of ending up with bags of worthless coins. A lot of the new coins have weak markets because buyers dont want to burn their fingers over and over. The GPUcoin that has just launched is a atep in the right direction by providing some kind of value if it does end up being accepted for GPU purchases, but that is not enough as we need something more than that that is accepted as payment for stuff, not just being traded for other coins. If BTC can be an indicator, perhaps we should learn from it and replace Litecoin with an Asic resistant coin as the BTC alternative produced by the man on the street, not by a few powerful companies. That is of course if we want to keep processing distributed and in the hands of the man on the street.
If we dont keep processing decentralised, we can just as well usea central model where digital money is produced centrally.
If we dont keep processing decentralised, we can just as well usea central model where digital money is produced centrally.
Spot on! Who gives a rip about scrypt-n or scrypt jane coins? The only people that care are the people that mine the coins. NO ONE else is buying them and they aren't good for dick. So what's the point? Mining is a complete loosing proposition now. Even you buy into ASIC it still sucks. The ROI is terrible. You're better off just buying BTC with the money you're wasting on mining equipment at this point. Mining is a waste of time. And for the poster that said sell all your shit and get out of mining, i would love to except that the market for selling equipment sucks ass too... Miners are selling at half what they were two months ago and the GPUs themselves maxed out on price a few months ago too. All around ROI is shit. Mining is a stupid waste of time UNLESS you want to do it to learn about hardware or are into other technical aspects. There is no money in it any more. Save your money and just BTC or LTC or if you really want some garbage coin, just convert some BTC, don't bother mining. I can buy like 3.7 million Doge for the price of putting together a miner that would take me over 8 months to pay off! Haha what joke.
exact same principle: if you're mining middle, clever etc. then you're indirectly mining for btc. Are you selling those btc for fiat right way?
you can sell right away and get the value now in $/£/¥/€, or you can invest for a longer period of time.
if you're investing in btc for long term value, ignore the short-term profitability.
you can sell right away and get the value now in $/£/¥/€, or you can invest for a longer period of time.
if you're investing in btc for long term value, ignore the short-term profitability.
But if you're investing in BTC long term it will soon be cheaper to buy BTC from an exchange than run a miner. Im a noob and wasnt mining last summer but surely when it reaches that point you have to pull the plug.
I've only been mining for ~6mo, lurking for a year or so, but the point- I've made more buying/selling hardware (gpus in particular) and buying/trading BTC during the crashes/peaks than mining.
Currently my Scrypt rigs mine ~3000/khs and only churn out .04-.015 BTC/day, but I've made a cpl grand in hardware sales.. Nice thing being, that money's been reinvested in BTC when it slouches.
Look at Bitcoin as a long term investment friend, don't bury yourself in debt attaining a few coins, but don't sell off when the road gets bumpy (unless you've got a few graphics cards you want me to take off your hands on the cheap!)
For the ecosystem to work you need suckers that will buy the worthless coins. Unless you can use the coins for something it is worthless. Make a coin that can be used for something. I cannot see a currency not being widely used to have any value. Having said this, the clever and experienced players will know how to use this flawed ecosystem to their advantage.
As a fairly new miner to this crypto world, I'm enjoying how the current economy is, and look forward to how it may be over the coming months.
I can't help but think, those that took out $30k-40k-50k+ loans to build mining farms are shitting bricks though, depending on when they got in.
I can't help but think, those that took out $30k-40k-50k+ loans to build mining farms are shitting bricks though, depending on when they got in.
I spent 25k and am still getting 5k a month 5 mos after ROI so even if you spend 25k right now you can still make some cash you just have to do it smart.
Nice one. No doubt good money can be made if you play smart.
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