Help, Should I Invest 10k$ in GPU or ASIC ?

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Zistmine on December 05, 2016, 12:27:37 PM

Quote from: philipma1957 on December 05, 2016, 10:45:06 AM

Quote from: Starsky886 on December 03, 2016, 09:54:00 PM

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

I would only buy ASIC for btc/sha256 mining.

You have a good size gpu farm 96 gpus is 3x what I have.

But I have 28th in s9s with 12th in Avalon 721 coming and 8th in ant miner r4

So I suggest getting some ASIC btc/sha256 gear

I thought your electricity price is over $0.1/kWh. So it is not so profitable to mine the bitcoin with the ASIC in the future.

It is expensive in my home to mine with asics. I have two locations for asic mining. So I pay less for power for the asics then I do the gpus.

Cereberus

legendary

Activity: 910

Merit: 1000

Quote from: mamboOo on January 28, 2017, 08:46:48 AM

What gpu do you suggest? rx 480, r9 nano or GTX 1070?

Depends on what you want to mine, if you want to mine Zcash GTX 1070 offers a bit more H/s than Rx 480 or R9 nano. If you want to mine Ethereum you definitely need one of the AMD cards. Still I suggest RX480 as it can mine different alt coins and it's a bit cheaper out of the three you are asking.

mamboOo

member

Activity: 76

Merit: 10

What gpu do you suggest? rx 480, r9 nano or GTX 1070?

Redrose

hero member

Activity: 756

Merit: 502

It depends for me if you buy using bitcoins or using fiat money and how long you can wait. If it is in fiat buy ASICs without thinking twice. If it is in bitcoins there is no clear choice but I would tend to say you to to buy ASICs, in order to diversify and because Bitcoin's price will be increasing by a nice percentage that year for me.

navydude

sr. member

Activity: 283

Merit: 250

GPU miners are still making decent money. i make about twice what my electric costs. Now if you borrow money then you will most likely only be able to pay electric and payments with none left over. I have been mining 7 months and can say i have never been negative.

killerjoegreece

legendary

Activity: 1680

Merit: 1010

Professional Native Greek Translator (2000+ done)

Most small to medium miners using gpu and asics do not even break even most times. Many of my Greek friends here and other miners can validate this claim. I have been a cpu and gpu miner in the past but that did not work out at all for me. I made some coins but I paid way more in electricity. I would suggest you find a good coin and invest in it. Long or short term this will work better for you.

My choice was Mooncoin. Anyone can use it and it also provides an electrum wallet to use right away. They also have a working platform that you can use to pay or tip other users online for quality content and useful websites. You can check it out here. The Moonlite platform can be used right now!

Zistmine

newbie

Activity: 234

Merit: 0

Quote from: philipma1957 on December 05, 2016, 10:45:06 AM

Quote from: Starsky886 on December 03, 2016, 09:54:00 PM

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

I would only buy ASIC for btc/sha256 mining.

You have a good size gpu farm 96 gpus is 3x what I have.

But I have 28th in s9s with 12th in Avalon 721 coming and 8th in ant miner r4

So I suggest getting some ASIC btc/sha256 gear

I thought your electricity price is over $0.1/kWh. So it is not so profitable to mine the bitcoin with the ASIC in the future.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Starsky886 on December 03, 2016, 09:54:00 PM

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

I would only buy ASIC for btc/sha256 mining.

You have a good size gpu farm 96 gpus is 3x what I have.

But I have 28th in s9s with 12th in Avalon 721 coming and 8th in ant miner r4

So I suggest getting some ASIC btc/sha256 gear

agente

full member

Activity: 239

Merit: 100

Everyone can mine with one single GPU... from Alaska to Kuwait. ASIC is different.

Rapidgator

sr. member

Activity: 509

Merit: 250

Quote from: Starsky886 on December 03, 2016, 09:54:00 PM

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

You should stick with GPU mining

Rkana

sr. member

Activity: 281

Merit: 250

RK Coin Services - Alt Coins Dev (ETH-BTC & More)

Quote from: ParkExcite on December 05, 2016, 03:10:02 AM

Go with GPU, it's easier to sell if it's no more profitable....

True that, ASIC get deprecated very quickly and you will have hard time to sell out.

ParkExcite

member

Activity: 89

Merit: 10

Go with GPU, it's easier to sell if it's no more profitable....

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: Starsky886 on December 03, 2016, 09:54:00 PM

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

Check how much will cost you if you are going to invest in ASIC machine because i know it will cost you too much electricity with that thing. mining with bitcoins is profitable but make sure that your electrity are cheap so in 1-2 months your getting back you've spent into new machine.

Emerge

legendary

Activity: 854

Merit: 1000

You should check out Whattomine to see if your current expenses + speeds would be profitable in whatever you would mine

Starsky886

member

Activity: 85

Merit: 10

Hi Everyone!

I own a little farm at home, I have 96 gpu 470 running since a while and now I have a 10k$ to invest in new machine but I'm really unsure...

Should I invest in ASIC machine or stay with GPU ?

I heard about the new A4 script machine but I dont have experience with script machine...

What do you think about it and why you would go with one vs the other?

Thank you!

Topic: Help, Should I Invest 10k$ in GPU or ASIC ? (Read 1756 times)