GPU Mining profitability is a joke | Bitcointalksearch.org

nsimmons

sr. member

Activity: 308

Merit: 250

Quote from: Michael98 on October 13, 2014, 02:40:53 PM

GPU mining at present is not a joke. Well! nothing is joking.

GPU has their value. like they can mine any coin and about asic, It can't.

Monero can be mined with it.

Monero has been mining at a loss since bcx threatened it. I don't know why the network rate is so high, it was lower when the coin was 2.18, now at 1.11, I'd lose about 5 dollars a day mining it. My my cheap tier one power at 0.07 i would make a dollar a day with monero, there's better opportunities elsewhere.

Michael98

newbie

Activity: 4

Merit: 0

GPU mining at present is not a joke. Well! nothing is joking.

GPU has their value. like they can mine any coin and about asic, It can't.

Monero can be mined with it.

nsimmons

sr. member

Activity: 308

Merit: 250

Quote from: Equate on October 13, 2014, 09:12:15 AM

Quote from: ?? on ??

Mine's paid off and still mining at a profit.

which coin are you mining ?

He's leaving the part out where he has custom kernels he won't share. Not that I blame him.

Equate

hero member

Activity: 770

Merit: 500

Quote from: ?? on ??

Quote from: Equate on October 13, 2014, 09:12:15 AM

Quote from: ?? on ??

Mine's paid off and still mining at a profit.

which coin are you mining ?

Multipool or NiceHash on X11.

I have 3 GPUs just sitting idle and will try multipool . Lets see if its worth the trouble Cheesy

Equate

hero member

Activity: 770

Merit: 500

Quote from: ?? on ??

Mine's paid off and still mining at a profit.

which coin are you mining ?

ayruel

newbie

Activity: 27

Merit: 0

lets create 3d gpu render farm community..
btw ..supercomputer still needed at animation studios,movie,cartoon,etc.

grouper fish

full member

Activity: 199

Merit: 100

been mining XMR for the last few months and it's still working "ok".

Actually thinking of addind a few more cards but I dont know what the best watt per hash card is right now?

Mayby 750 ti or is there a AMD card that can compete? Right now I'm using undervolted 280x.

organizer

sr. member

Activity: 378

Merit: 250

I think I shut mine down for good around June? Ebay'd em off... now that was VERY sad ROI even though most all were bought before the crazy price spikes... Just going to put together a gaming rig with one of the mobos I have left...

FredDag

sr. member

Activity: 436

Merit: 250

Quote from: wickedseraphim on October 11, 2014, 09:13:08 PM

it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

Could be worth mining CANN.
Up from 10 sats to 2000 in last few months.
About to have first sale of CANNdy medical marijuana in Arizona next weekend...
1g mm for 1 CANN @ participating dispensaries.
So target price is about $5 each CANN... Great if it comes together.

On 2 x 7950's + CPU I mine about 50 a day.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: anderl on October 11, 2014, 09:37:01 PM

Quote from: wickedseraphim on October 11, 2014, 09:13:08 PM

it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

lol I got out of GPU mining in January and didn't look back. GPU mining died when all the Scrypt ASICs were announced around then. Many GPU miners gave up their GPU farms. There are still a few stubborn ones trying to survive but since there aren't many GPU miners left there isn't the same demands for ASIC resistance coins. GPU mining just faded away.

you missed aurora, blackcoin and other enormous pump. january-june(until jackpot era) was still pretty good

the decline started around july-august

TheBeardedMann

full member

Activity: 168

Merit: 100

Most profitable way to use your GPUs is to get a Steam account. Having fun is a profit too.

fran2k

hero member

Activity: 784

Merit: 500

MiningRigRentals most proffitable since a long time for me doing mostly X11.

anderl

hero member

Activity: 714

Merit: 500

Quote from: wickedseraphim on October 11, 2014, 09:13:08 PM

it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

lol I got out of GPU mining in January and didn't look back. GPU mining died when all the Scrypt ASICs were announced around then. Many GPU miners gave up their GPU farms. There are still a few stubborn ones trying to survive but since there aren't many GPU miners left there isn't the same demands for ASIC resistance coins. GPU mining just faded away.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: wickedseraphim on October 11, 2014, 09:13:08 PM

it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

Sadly most coins are just not profitable with GPU's. You will want to look in to coins that are not straight scrypt to avoid competing aginst asics.

wickedseraphim

newbie

Activity: 31

Merit: 0

it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

nsimmons

sr. member

Activity: 308

Merit: 250

new billing cycle, tier 1 power is down to 0.07, i'll be there for 3 weeks till i hit tier 2, then its back to break even

Kimowa

sr. member

Activity: 448

Merit: 250

Quote from: uray on October 11, 2014, 03:14:24 PM

sell your GPUs, buy Hard Drives, mine Burstcoin, ROI within 3 months

Not anymore, difficulty increase too fast....

uray

hero member

Activity: 1400

Merit: 505

sell your GPUs, buy Hard Drives, mine Burstcoin, ROI within 3 months

adaseb

legendary

Activity: 3738

Merit: 1708

I've got free electricity but mining is still not worth it. I am waiting until Christmas time to unload the GPUs. Reason being is it puts extensive load on all the cards, fans, power supplies and the older the equipment gets, eventually it will fry itself. Especially the older 6xxx cards.

Mining with GPUs will never be profitable.

If price of BTC goes back to $1000, then everybody will turn on their GPUs and you will make roughtly what you make today.

Maybe if BTC goes to $5000+ but that is most likely NEVER going to happen. And even if it does, mining will be profitable for maybe 3 months and then the difficulty will increase.

nsimmons

sr. member

Activity: 308

Merit: 250

monero local hash i get about 21 kh/s, on moneropool.com i get maybe 16 average..

claymores dev fee fucks up the calculation a lot, when it returns to my pool im hashing old work, bypassing the fee helps a bit.

Quote

24.18 XMR per day at an exchange rate of approx 0.07 BTC or 23.68 USD per day.

Im burning 200 kwh a day, thats a lot of power 22 dollars*1.12 tax = 24.64 - net loss

That's almost 700 dollars a month out of my pocket if i kept all the coins. I hit 900/month running scrypt

I have real time power metering with my utility, maybe you don't and the averages have been in your favour.

Topic: GPU Mining profitability is a joke (Read 8341 times)