Topic: How many of you are GPU only miners? (Read 1436 times)

At your electricity prices most coins would still be slightly profitable. A lot of other people have much more expensive electricity.

With your 75 gpus, are you finding that your Nvidia or Amd is best value?

I have only couple GPU in my home PC - gtx970 and gtx970.
gtx970 old enough and I want to change it to something newer.
What is the most optimal GPU now in terms of price / performance (Nvidia)?

indeed mining cryptocurrency using that much GPU can get a lot of profits but it must take a long time to get ROI, patience which is very important when mining and prices in exchange for falling can be a big threat to miners.

It also seems to me that, in principle, now mining on the GPU only comes up in a situation where video cards have already been acquired or are simply needed for other tasks and can be used for mining as far as possible.

one here, if any gpu mining is meaningful it would be Polaris followed by underpriced VEGA 56/64 rest imo are not bad but less efficient specially latest VEGA/Nvidia FPGAs too but the ridiculous capital is not justified imo.

Did you know that? that's why asic mining is more profitable than GPU mining right now. ASIC has been focusing its advantage to create an effective and efficiency for mining purpose and with only an asic mining rig and we can earn some pennies. Basically, who has used GPU and make it as his mining rig will always try to put all of the performance of its GPU to mining altcoin.
I guess he was using another GPU to do another job like what you have been mentioned in your thread.

Most of Altcoin miner use GPU like you too because we can mine many types of coin and when we can a new good project we can shift our computational power. ASIC, however, just let you mine on specific algo and sometime just stuck mining unprofitable.

My GPUs paid themselves about 1.5 year ago. Now i have no power reserve that`s why it is a good time to upgrade my GPUs to 20xx. But they are still mining well and gives me not bad profit. If someone is saying that mining is unprofitable - he is newbie or lamer mostly.

How much are you paying for electricity per kWh?

gpus are better overall, they can also be used to do several other things like rendering, training ai or machine learning etc. not just mining like with asics. i would choose gpus over asics anytime.

Have always been a GPU minner and it serves me perfectly, a friend of mine thought he would advance by going for ASICs and funny enough he is back to GPU

Me im only on gpu miners and this suit for me because im always on hunt of new coins that has potential

Here you go  https://cointomine.today/calculator/coin/VEIL/ you can try to input your electricity cost manually and choose the specific GPU that you have owned it to mine veil. I guess that's the complete calculator to calculate your profitability.

I personally have been using GPU for a year plus and so far it has served it's purpose very perfectly infact I have never thought of changing it at all

I have a GPU miner  since a year and half. I am not even consider ASIC because I could not sell it in case I would need to do it for some reason , while  with GPUs it is different situation.

Yeah you are right ASIC is better than GPU but the problem of mining using ASIC it is very noisy compared to GPU mining and if you are living on 3rd world country with high electricity rate the profitability gives you lesser than GPU based on my own experienced that is why I stop mining with ASIC miner like D3 that never recover back my investment and I can't sleep all night because it's too noisy compared to GPU.

I heard that there is ASIC with low noisy but the problem it's too expensive to invest maybe someday If I heard a good amount I buy ASIC which is low noise and profitable.

20 4x to 8x GPU rigs.  2 ASICs. 

The ASICs are no fun at all....they just run.  I wont be buying any more of them.  The GPU rigs though, there's always something going wrong with one of them that I have to diagnose & fix...generally speaking, 19 are running and one is on the bench at all times.  I'm building more of those.

The truth is that both have their advantage and disadvantages.
Being using GPU only miners for long now and I think it's very nice and profitable.
My friend who used ASICs and still using told me it's better than GPU.
Probably because it's has proved to be okay for him.
So it all depends on what works well for one .

Although I think there are pros and cons on both sides, I totally agree with you! I'm a GPU only guy and not thinking about changing...
GPUs have 2 years warranty and usually work for a lot longer than that, or have high resale value after the warranrty period...
ASICs have a very short warranty period (6 months I think?) and from the reports I've seen they usually die after a relative short working period... besides, they are hard to get and expensive to bring (from China)

Me too  i am only Gpu miner but i have to give up electricity it cost more than mining! Make no sense to me anymore i have to change way of mining!

I do not prefer the ASIC miners because they are too loud and they are disturbing me in my office. 1080Ti rigs are silent and they are heating as well in winter. I find them a much better solution.

I am a Gpu miner only as I like being able to change and try different coinsand not be limited to only a few coins by mining with Asic devices.

My electricity permit me to win 25 dollars monthly for a rig and I have about 4 now which I keep on and love seeing my balance grow daily, I pay electricity from my daily job and hope that bitcoin price will go up soon.

whattomine actually show your profit with your electricity cost. Just put corresponding numbers. Consumption and rate for every card is estimated, and may slightly vary.

I am a 90% GPU miner of some size. Currently taking a breath and figuring out what to do with a large farm since some of the new miners require some private development for R9 generation cards that I happen to have a bunch of so I can't decide if I want to contract a developer or upgrade. Either way, GPU will never die.

I started with both ASIC and GPU mining hardware, but I decided to get rid of my asic miners (5x Antminer S9) when profitability decrease over time. So I only have some GPU Rig since that day. Then again, my mining profitability goes down because most altcoins turn bearish and I'm faced with high-cost electricity ($0.11/kwh).

I know, I should get started looking for another coin that might give me a better profit. But because of my full-time work, I just leave my rig off at the moment.

I'm a GPU only guy... 
GPUs have 2 years manufacturer warranty, flexibility in mining different algos, high re-sale value ... so GPUs are guaranteed to work during 2 years and this usually covers your ROI... of course that the concept of ROI is very relative when talking about mining because there is the market factor and each person method (keep selling every month, or choose to hold hoping for a better market condition).
So I guess that all the setups can be profitable, it will strongly depend on your mining strategy and energy costs
cheers

Nice deal!

Looks like you need to have at least over 100 gpus and be willing to rent out the facility in order to source out cheap electric. And do this job full time, which is a big commitment.   I feel these are the ones that will survive and thrive in the bear market

The home miners and the colo hosting miners are drowning.  Seems like 8 cents is the best we can get and we're barely breaking even with electric. But at the same time, those that home and colo hosting are not doing this full time and probably have other day jobs to stay solvent.

I'm in Ohio and just singed a one year deal for 4.2 cents khw.

Well best electric rate you can get with gpu mining in the united states at a colo facility if they even allow it is at 8 cents.  I have not found cheaper rates at a colo in the united states.

Sorry not all of us own mining facilities in china next to a hydro dam.

I will gladly mine at a loss to take you bigger farms out of business. You guys have much more operating and facility cost.  I can do this for multi years.  If i eat some losses no big deal that just offsets my income on my taxes.

Is there a calculator where you can check at which electricity cost mining with a specific GPU can still be profitable?

Serious miners are paying nowhere near 10 cents, if your electricity is that expensive you shouldn't even be mining in the first place.

Dude just look at what to mine. Pretty consistent over 1000 days at least. Most cards are around 1300 days like 1660 ti and thats assuming you got below avg residential rate of 10 cents

I have only 2 GPU and now I'm waiting for it to go up a bit to buy another GPU

Lol no, just no.  You must be overpaying for your gpus or mining the wrong coins.  ROI is nowhere near 4 years, stop giving false information and do some actual research.

Started out with only GPU miners and getting into ASICs mid 2018. The GPU's are far better in terms of flexibility and can always mine what is most profitable, and are able to test other OS, pools etc. ASICs are very limited, but they are very easy to maintain and setup which are pros.

GPU mining right now isn't that great but the flexibility it gives for mining different algos definitely helps and is exciting. Currently using ethashpool.com and thegrinpool.com taking advantage of the 0% fees and auto-conversions into eth and btc!

Thanks 

in the moment etc with amd and beam with nvidia

 
What coins do you mine?

This will always be an issue with gpu mining and difficulty, it can be small enough and be part of a standard pc that it leads people to be encouraged to use company, parents, others power and mine for "free".

Hello.
I am a only GPU miner with 160 AMD GPU'S and 100 NVIDIA GPU's. In total 260 GPU's. I have this farm almost 2 years. For now is ok.

Still much faster roi over gpus which is around 1300 days or 4 years +

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.

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.

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.

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'.

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.

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.

But its free man, don't change electric cost! ......  ROFL  Get  your resume updated.

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.

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.

Currently we have major GPU but are looking into getting ASIC hard when the next generation of hardware is more mature

mom pays for it.

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

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?

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.

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.

Someone pays for that electricity, nothing is free.

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

Just a hobby miner here btw..

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.

GPU only is for pussy´s XD sorry little joke 

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 

I am pushing more into FPGA, I run GPU's, an old baikal mini miner for fun on shitcoin launches and a stack of single board computers that are also just a hobby. I really want to just stack up a ton of fpga honestly.

Wow, 74 GPU is pretty good OP, congrats. I am also GPU only miner and currently have six gtx 1080ti, made 1/4 ROI in some weeks last winter, suddenly this GPU become very provitable on altcoins. I have already ROIed and currently I stopped mining because profit is very low, doesn't worth for me to mine and spend my GPU resources in low profit, prefer to save them and mine in near future when price will rise. I think this is a good move because my GPUs are pretty good (great model) and it won't be hard for them to work in next 2-3 years.

how can you make any money off your gpus???

I was GPU only but diversified im about 75-80% gpu 20/25% Asic

Both  but I have power deals  that make asics work for me.

GPU only here. RX.
Price for asic or fpga were too high for me. And now I'm not sure about their ROI.

Most people are scared to buy ASIC miners and I don't blame them.  At least GPUs hold somewhat of a resale value when  if you decide to sell them in the future.  Asics just become a doorstopper after a few years.  Also there are only a few option with asic miners and many people do not want to support bitmain financially.

Never had ASIC and the reason I don't want ASIC it's because the noise is too bad compared to GPU mining. You can mine in your home and sleep without too much noise because I only have a small house and all my miner is inside my room.  I only have 2 rigs with different GPU 10xx series. Planning to increase the GPU someday if I'm lucky in one of my coins if the price jump to 1000% I can buy another mining rigs to mine with altcoin again and again.

I started with GPUs, then I transitioned to ASICs and then I transitioned back to GPUs. There are basically pros and cons of each.

With GPUs you can basically always resell the hardware as long as its not fried or has issues like failing fans. The Intel CPUs and motherboard will always hold some form of value. GPUs have many uses besides mining such as Gaming and Video rendering. Even 5-6 year old GPUs can fetch some money these days. If you buy the hardware new, you usually have a few years of warranty which doesn't exist for ASICs.

The issue with GPUs however is that they are very bulky and take up alot of space. If you want to have 50-100 GPUs you will need a large area to house all those GPUs if you plan on having an open air rig.

With ASICs they take up less space, are usually set-and-forget and they are usually more newbie friendly. Just buy a PSU, hook it up, set up a pool address and mine away. However they are crazy loud and usually require a seperate room, you cannot sleep or live in the same room as ASICs which have industrial fans. And they generally are overpriced at launch and they hold very little value when newer and more efficient technology is introduced. Usually someone might buy an old ASIC like an Antminer S5 for like $20 to play around with, but that is crazy depreciation as compared to a GPU.

AMD is mining eth or eth classic.  Navidia is whatever is the most profitable, right now rvn, rito and xzc.

What coin have you been mining with 75 GPU's? does all of it mine the same coin or you are distributing it with different coins? you have security with GPU's if you want to sell them if not satisfied, plenty of buyers are still there for their rigs built not for mining and are looking for under the market value but at competitive prices in good condition.

I'm mostly GPU and branched into a few ASICs for altcoins but mirror your sentiment; I regret every ASIC purchase I made. They may work but only for the lowest of the low electicity and at which point you'd benefit just as much from adding more GPU's which have a higher security on your investment in resale value as you mentioned (some ASICs turn out to be bricks within a month as I found out. That or hashboards just die.)

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.