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Topic: GPU Mining profitability is a joke - page 5. (Read 8397 times)

legendary
Activity: 3248
Merit: 1070
August 20, 2014, 04:45:46 AM
#16
well now even the last tiny profit from xcn is gone, nothing to mine at all, monero is even worse
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 20, 2014, 03:42:21 AM
#15
Take the advice, I parted out my 3 six gpu rigs. Getting under half what I payed for everything
I didn't roi due to electricity costs anyway.

Each 290 I sell nets about  $230 after fees and shipping I paid $450 to $520 for my gpus ugh!

I'm directly converting them to hashlets , my way of staying in the game , sold about half mt gpus and I now have near 150mhz of scrypt hashes now pulling in around $40 per day

Far better than when all 18 of my gpus were hashing and I still have 12 more gpus to sell

Gpus are dead for mining guys
legendary
Activity: 3248
Merit: 1070
August 20, 2014, 01:06:02 AM
#14
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....

yeah i know, and you would be rich if you had been a bitcoin early adopter, but we can't do nothing anymore about it
sr. member
Activity: 275
Merit: 250
August 20, 2014, 12:32:50 AM
#13
I myself have already stopped all my GPU mining and is selling them off 1 by 1. Whoever is still mining on x11 or x13 is silly (unless free electricity). Its like flushing money into the toilet.
full member
Activity: 188
Merit: 104
August 20, 2014, 12:22:55 AM
#12
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.
legendary
Activity: 1456
Merit: 1000
August 19, 2014, 10:35:17 PM
#11
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.

hero member
Activity: 812
Merit: 500
August 19, 2014, 05:17:38 PM
#10
VTC ...
hero member
Activity: 672
Merit: 501
August 19, 2014, 04:53:59 PM
#9
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....
legendary
Activity: 3248
Merit: 1070
August 19, 2014, 02:18:50 PM
#8
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol
legendary
Activity: 1456
Merit: 1000
August 19, 2014, 02:17:28 PM
#7
It is sad as I loved GPU days.  But for most they are gone.

You are better off in most cases selling the GPU's and getting some Asics.  I ran quite a few GPU's and with electricity and heat removal it just was not possible to profit and i sold out and switched to asics.
sr. member
Activity: 434
Merit: 250
August 19, 2014, 01:48:42 PM
#6
I have free electricity (Don't ask), an no money to invest Sad i only own a r9 290 Sad
hero member
Activity: 770
Merit: 500
August 19, 2014, 01:40:12 PM
#5
Tell me about it. I have not even turned my GPU rigs on in over a week  Undecided

Hoping for a good ninja launch to happen soon.

I too have turned off most my rigs and used them once in a while on new coin launch. GPU mining is not worth now .
hero member
Activity: 718
Merit: 500
August 19, 2014, 10:57:47 AM
#4
I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..

You can bet on some coins and hope they'll go up .

Something like Blackcoin maybe?
member
Activity: 61
Merit: 10
August 19, 2014, 10:27:00 AM
#3
I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..
legendary
Activity: 963
Merit: 1002
August 19, 2014, 10:11:13 AM
#2
Tell me about it. I have not even turned my GPU rigs on in over a week  Undecided

Hoping for a good ninja launch to happen soon.
sr. member
Activity: 420
Merit: 250
August 19, 2014, 10:07:34 AM
#1
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...

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