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Topic: How many of you are GPU only miners? - page 3. (Read 1353 times)

full member
Activity: 846
Merit: 115
March 26, 2019, 12:13:31 AM
#29
I have both, but mostly ASICs, it all depends on your power cost and gear cost after all, the fact that you can resell GPUs after you are done with them is not important enough to me, i see no point selling a gpu that i paid 400$ for 50$.

Everytime i buy a mining gear the first thing i think about is roi time, mining is a risky business , you don't want to be waiting for a year or 10 months to get to break even point, you always need to assume that if you don't manage to roi , selling your gear won't make that up when you do it half way ( some rare scenarios may be differrnt) but most of the time if you don't ROI in a few months you are screwed.


Right now what ASIC is a good buy?  For example a z11, bitmain is sold out it looks like I can get one for 2k.  With my cost of power 4.2 kwh it make $15 a day.  But when the difficulty rises profit will drop if difficulty doubles my profit gets cut in half and that makes roi pretty far out.

Still much faster roi over gpus which is around 1300 days or 4 years +
sr. member
Activity: 254
Merit: 1258
March 22, 2019, 12:08:33 PM
#28
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.

I said it's on an internet cafe so, The electric consumed in my GPU is not that big, It's not even affecting the current electric bill on the internet cafe.
Yeah it's not worth it to lose your job over since I'm guessing you work there. Don't mine on the bosses dime.

But its free man, don't change electric cost! ......  ROFL  Get  your resume updated.
Yeah I think the boss will see this more as a willing to steal when he comes in and finds it mining one day and ask what the fuck.
member
Activity: 449
Merit: 24
March 25, 2019, 10:31:42 PM
#28
I have both, but mostly ASICs, it all depends on your power cost and gear cost after all, the fact that you can resell GPUs after you are done with them is not important enough to me, i see no point selling a gpu that i paid 400$ for 50$.

Everytime i buy a mining gear the first thing i think about is roi time, mining is a risky business , you don't want to be waiting for a year or 10 months to get to break even point, you always need to assume that if you don't manage to roi , selling your gear won't make that up when you do it half way ( some rare scenarios may be differrnt) but most of the time if you don't ROI in a few months you are screwed.


Right now what ASIC is a good buy?  For example a z11, bitmain is sold out it looks like I can get one for 2k.  With my cost of power 4.2 kwh it make $15 a day.  But when the difficulty rises profit will drop if difficulty doubles my profit gets cut in half and that makes roi pretty far out.
legendary
Activity: 2170
Merit: 6279
be constructive or S.T.F.U
March 25, 2019, 09:23:51 AM
#27
I have both, but mostly ASICs, it all depends on your power cost and gear cost after all, the fact that you can resell GPUs after you are done with them is not important enough to me, i see no point selling a gpu that i paid 400$ for 50$.

Everytime i buy a mining gear the first thing i think about is roi time, mining is a risky business , you don't want to be waiting for a year or 10 months to get to break even point, you always need to assume that if you don't manage to roi , selling your gear won't make that up when you do it half way ( some rare scenarios may be differrnt) but most of the time if you don't ROI in a few months you are screwed.
hero member
Activity: 2408
Merit: 564
March 22, 2019, 01:43:56 PM
#26
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.

I said it's on an internet cafe so, The electric consumed in my GPU is not that big, It's not even affecting the current electric bill on the internet cafe.
Yeah it's not worth it to lose your job over since I'm guessing you work there. Don't mine on the bosses dime.

But its free man, don't change electric cost! ......  ROFL  Get  your resume updated.
Yeah I think the boss will see this more as a willing to steal when he comes in and finds it mining one day and ask what the fuck.
It's free on his side and boss isn't aware on what are the additional charges that he has to pay. He can't feel the surge of the electricity and can say that it doesn't affect the bill because it's 'free'.
sr. member
Activity: 254
Merit: 1258
March 22, 2019, 10:02:02 AM
#26
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.

I said it's on an internet cafe so, The electric consumed in my GPU is not that big, It's not even affecting the current electric bill on the internet cafe.
Yeah it's not worth it to lose your job over since I'm guessing you work there. Don't mine on the bosses dime.
full member
Activity: 846
Merit: 115
March 22, 2019, 12:25:54 PM
#25
GPU only miner has its downfalls. If you don't have cheap electric your stuck with something that will never roi. With Asics you can at least ship to a Colo that has cheaper electrical rates. Colos tend to not like taking in GPU rigs due to the amount of space it can take up.

Right now roi time on a GPU rig is over 4 years with 10 cent electric.

Asic miners took a beating for 2018 worst than GPU. Top of the line Asics were generating negative revenue with cheap electric.

I'm learning more towards Asics now for 2019 since we are seeing more efficient bitmain z11 and s17 comming out.

GPU mining market is oversaturated due to the newbphoria hype of 2017 and lots of miners overbought gpus that have not paid off of yet or gotten enough pay dirt from them.

Good things about GPU is that you can buy them on credit card and pay it back overtime. Good on tax accounting since Asics they want to be paid in btc and a btc payment will cause taxable event.

Theirs pros and cons for both GPU and Asics so I would actually diversify into both. Or pick one that favors your situation the best.

sr. member
Activity: 847
Merit: 383
March 22, 2019, 10:45:21 AM
#24
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.

I said it's on an internet cafe so, The electric consumed in my GPU is not that big, It's not even affecting the current electric bill on the internet cafe.
Yeah it's not worth it to lose your job over since I'm guessing you work there. Don't mine on the bosses dime.

But its free man, don't change electric cost! ......  ROFL  Get  your resume updated.
hero member
Activity: 1120
Merit: 554
March 22, 2019, 08:57:52 AM
#23
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.
That's the reality if you don't pay for the electricity, someone's going to pay the bill. Who's the one that pays for that?

A lot of people have subsidized electricity.  Don't say nothing is free, government hands out money like its candy.  Aid to foreign countries, money to farmers, military contractors.  They essentially just print worthless banknotes for free to get what they want.
sr. member
Activity: 1162
Merit: 268
50% bonus on your First Topup
March 22, 2019, 02:56:22 AM
#22
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.

I said it's on an internet cafe so, The electric consumed in my GPU is not that big, It's not even affecting the current electric bill on the internet cafe.
sr. member
Activity: 336
Merit: 250
Do the thing and you'll have the power.
March 21, 2019, 08:56:02 PM
#21
Currently we have major GPU but are looking into getting ASIC hard when the next generation of hardware is more mature
sr. member
Activity: 847
Merit: 383
March 21, 2019, 08:33:11 PM
#20
mom pays for it.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
March 21, 2019, 07:01:56 PM
#19
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.
That's the reality if you don't pay for the electricity, someone's going to pay the bill. Who's the one that pays for that?

wonder why he doesnt pay the electricity also. maybe he is using a tampered electrical meter or has jumper? lol
this is the main reason why i stopped mining via gpu. im getting only lil profit after deducting my electricity bill. so not really practical on my end
good thing is i still have my hardware and when i have the chance to install solar panels in my place (maybe), might use again these gpus
hero member
Activity: 2408
Merit: 564
March 21, 2019, 05:27:21 PM
#18
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.
That's the reality if you don't pay for the electricity, someone's going to pay the bill. Who's the one that pays for that?
legendary
Activity: 1624
Merit: 1129
Bitcoin FTW!
March 21, 2019, 04:58:16 PM
#17
I personally started out with BTC ASICS, got really into them while I had cheaper electrical rates, and branched off to GPU mining. I still do some BTC mining (albeit much less than I used to in terms of electrical consumption) and a bit of GPU mining, though I've really transitioned into trading and buying coins more on the whole as my electrical rates aren't as great as they used to be in the past. I might get back into SHA256 ASICs again in the future if there are any viable lower-power and potentially lower-noise options releasing in the future, or I might consider getting a machine like an S15 or two hosted, but for the most part I've stopped mining.
hero member
Activity: 2856
Merit: 769
March 21, 2019, 04:19:42 PM
#16
How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.
I have tried HDD mining, ASIC but i do still end up with GPU yet i do always matter about the profitability.The only good thing with GPU is that you can able
to resell cards when you tend to upgrade nor completely stop the operation.My cards already paid off and now im still mining without worrying too much on when to ROI
as long i do see some few numbers then it already satisfies me.
sr. member
Activity: 254
Merit: 1258
March 21, 2019, 07:40:34 AM
#16
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
Someone pays for that electricity, nothing is free.
member
Activity: 239
Merit: 11
March 21, 2019, 09:09:09 AM
#15
I am running GPUs only.. ASICs ALWAYS make you lose.. GPUs at least have a chance since its a good variety of coins and you can pretty easy adjust your mining capacity Smiley

Just a hobby miner here btw..
sr. member
Activity: 1162
Merit: 268
50% bonus on your First Topup
March 21, 2019, 07:36:00 AM
#14
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.
member
Activity: 1558
Merit: 69
March 21, 2019, 07:07:01 AM
#13
GPU only is for pussy´s XD sorry little joke  Cheesy

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  Cheesy
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