GPU Mining profitability is a joke - page 4.

ktmracing03

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Quote from: degel_x on August 19, 2014, 02:48:42 PM

I have free electricity (Don't ask), an no money to invest Sad

i only own a r9 290 Sad

Ive got 2 Sapphire R9 290x left and 6 Sapphire R9 290 that can be flashed to 290x. All cards are battlefield 4 editions and were only used a couple of months in a data center. I have all the boxes and retail accessories. Would sell for BTC or LTC.
PM me if interested.

290s are still in a rig and ready to go. Also have a couple BTC pro mobos tons of usb powered riser cables etc. Willing to make a good deal.

ChekaZ

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Quote from: Ignition75 on August 27, 2014, 11:04:21 PM

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

Ignition75

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www.dashpay.io

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

TheCoinFinder

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The real issue is that people are mining too many worthless coins.

The issue isn't GPU or ASIC - its that most of the coins people mine aren't worth anything!

X* algo coins are FPGA territory now.

Scrypt is ASIC

Quark,Monero "randomised" coins are Botnet territory.

What you are left with is very few choices.

Vertcoin, out of all of the remaining coins, IMO stands out as the one coin (esp with new algo coming) that is going to shoot up in value. As soon as GPU owners get fed up of wasting hashes on PnD coins - and more people embrace the decentralisation of digital currencies that Vertcoin offers.

grendel25

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Yeah, gpu mining is a real drag lately. I said I'd give it a year and that year is up in April 2015. I keep reading these boards and that's how I find various algos to try like cryptonight but even that has gotten played out. Who knows, maybe it's seasonal, maybe it's Maybeline. idk... hope something turns up for the good.

Crazy there are so many coins out. It's just a flooded market with a lot of trash coins but a few making good business deals.

infofront

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Shitcoin Minimalist

Quote from: Cryptocreek on August 27, 2014, 09:57:37 AM

If you know what to mine, you will earn a lot of bitcoins.

And if I knew what the winning lottery numbers were going to be, I'd make a lot of $$$.

infofront

legendary

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Shitcoin Minimalist

I was a fairly early bitcoin GPU miner. I stopped mining and held on to most of my hardware, but sold my GPUs. When scrypt mining became profitable, I just got some new GPUs and I was all set.

I'm basically doing the same thing now because I believe the bitcoin/altcoin markets are cyclical and it will be profitable to mine again at some point. Also, I'm using some of the money I would've spent on electricity to just buy altcoins.

Amph

legendary

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Quote from: Cryptocreek on August 27, 2014, 09:57:37 AM

If you know what to mine, you will earn a lot of bitcoins.

this was true at january-march(doge era) or may-june at best, not now for sure

Cryptocreek

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If you know what to mine, you will earn a lot of bitcoins.

MaxDZ8

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Sounds reasonable indeed.

trixnstones

newbie

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Scrypt ASIC manufacturers have a lot of skin in the game, it would not surprise me if they were messin with prices...

TheJohn

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Quote from: RTRC on August 20, 2014, 04:54:02 PM

Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?

2nd hand desktop price isn't good either. Easier to just sell them 1 by 1.

RTRC

newbie

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Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?

digitalindustry

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‘Try to be nice’

Quote from: johncarpe64 on August 19, 2014, 11:07:34 AM

Can someone please let me know which algo or coin they are currently mining with their GPU?

I am currently mining x11 on wafflepool and the profitability has dropped so much that if you don't have electricity cost of $0.02/kwh you are pretty much mining at a loss. I hope that everyone to close your GPU mining rig and buy whatever alt-coin you are mining with the expected electricity bills. You would get much more coins and its healthier for the crypto-currency then to let electricity company earn...

sorry dude you are being scammed - X11 is not a real cPoW algo it has no random function.

there are currently two on the market that i know of.

Quark

and

M7 ( The mini BC Cryptonite)

i'm guessing you are not going to understand this as it becomes all too hard , but the reason a lot of the crypto are "high" (in price) is because they can't me mined (have you noticed that?)

i will let you ponder that.

; |

Amph

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Quote from: notlist3d on August 20, 2014, 02:59:04 PM

Quote from: kcheel on August 20, 2014, 01:22:55 AM

Quote from: notlist3d on August 19, 2014, 11:35:17 PM

One thing to keep in mind is GPU values. I had a ton of 280x, 7970, 7950. I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards. Selling a mahcine shut down you can buy BTC with that money or a ASIC. Either one is a better bet most likely.

Actually in process of parting my 2 rigs out now. As you said, better uses for the money that I can get out of the parts. As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future. GPU's luckily are easy to sell by them self. You can part with more but on my motherboards and other pieces i kept. Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.

same i'll sell only the gpu, the other parts may be useful in the future, one never know...

notlist3d

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Quote from: kcheel on August 20, 2014, 01:22:55 AM

Quote from: notlist3d on August 19, 2014, 11:35:17 PM

One thing to keep in mind is GPU values. I had a ton of 280x, 7970, 7950. I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards. Selling a mahcine shut down you can buy BTC with that money or a ASIC. Either one is a better bet most likely.

Actually in process of parting my 2 rigs out now. As you said, better uses for the money that I can get out of the parts. As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future. GPU's luckily are easy to sell by them self. You can part with more but on my motherboards and other pieces i kept. Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.

Amph

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Quote from: MaxDZ8 on August 20, 2014, 12:36:04 PM

Quote from: Marvell1 on August 20, 2014, 04:42:21 AM

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

those are people that have giant russia farm with free electricity and made roi already long time ago, they have nothing to lose, they can't mine at loss anymore, hence they keeps mining, sounds reasonable

Quote from: cisahasa on August 20, 2014, 01:39:39 PM

stupid people kill this selling under electricity cost

they have free electricity that's the point lol

cisahasa

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stupid people kill this selling under electricity cost

Bombadil

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Quote from: MaxDZ8 on August 20, 2014, 12:36:04 PM

Quote from: Marvell1 on August 20, 2014, 04:42:21 AM

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

IMHO it's a mix of several valid arguments. "Elite miners", fpga miners, people with hardware long-past-ROI, people with free electricity, ... All are possible, all are probably true too.

MaxDZ8

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Quote from: Marvell1 on August 20, 2014, 04:42:21 AM

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

Topic: GPU Mining profitability is a joke - page 4. (Read 8394 times)