I miss GPU Mining | Bitcointalksearch.org

AndrewBUD

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Quote from: joshv06 on November 20, 2012, 05:43:41 PM

Quote from: Fcx35x10 on November 20, 2012, 01:33:23 AM

Quote from: joshv06 on November 20, 2012, 12:45:17 AM

I am still mining, I just wish the Asics would be released later rather than sooner, perhaps next summer. That way, I could get more of my ROI from my cards and use my rig as a heater in the winter XD.

amen to that lol. save some money on actual heat bills

Haha yeah, I actually made my rig during the summer, had to deal with my room getting hot as heck because I use my rig as my daily computer. ASICs, Y U NO GET RELEASED??

FTFY

joshv06

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Quote from: Fcx35x10 on November 20, 2012, 01:33:23 AM

Quote from: joshv06 on November 20, 2012, 12:45:17 AM

I am still mining, I just wish the Asics would be released later rather than sooner, perhaps next summer. That way, I could get more of my ROI from my cards and use my rig as a heater in the winter XD.

amen to that lol. save some money on actual heat bills

Haha yeah, I actually made my rig during the summer, had to deal with my room getting hot as heck because I use my rig as my daily computer. ASICs, Y U NO GET RELEASED IN THE SUMMER???

Fcx35x10

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Quote from: joshv06 on November 20, 2012, 12:45:17 AM

I am still mining, I just wish the Asics would be released later rather than sooner, perhaps next summer. That way, I could get more of my ROI from my cards and use my rig as a heater in the winter XD.

amen to that lol. save some money on actual heat bills

ewhenn

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Quote from: Meatball on November 13, 2012, 10:47:06 PM

Could be, he could have 100 GH running for all I know. Just seems like there's a lot of people around lately that seem to think "My computer can makez me money for free? Sweet! I'll mine with my Celeron e3300 and I'll be a bajillionaire in 5 years!"

I just hope new (and even some old) folks are taking some time to do a bit of research before they invest too much into mining and really understand the money that can be made vs. how much money they're spending on hardware and power. Seeing some of the posts, I think there's a lot of confusion/misinformation that people are working off of.

IDK, I did all of my mining gear on an extreme budget, minus my 6970 which was bough for gaming, just serves double duty is all.

For example one rig is:

Code:

Built in Feb2012...

Parts/prices include shipping.
$40 CPU/Motherboard/Ram: ECS 945GCD-M(1.0) Intel Atom 330
   Seller also included 2 GB DDR2
   Has 1x PciE 16x slot, 1 PciE Slot
   Pulls 30 watts at wall idle, no video card

$40 GPU1: 5770, XFX 577A-ZNFC
*Purchased used from a friend who was getting rid of his crossfire setup

$40 GPU2: 5770, XFX 577X-ZNFC
*Purchased used from a friend who was getting rid of his crossfire setup

$13.99 PSU: Corsair CX 430
*Bought ~6 months ago from newegg after rebate. I had a few extra molex to PCIE adaptors for the second card.

$8.98 Pair of 16x to 1x PCIE converters from Amazon, only ended up needing one of them.

Free Case, old beige box mATX compatible, cut a few holes in it to add fans.

$6 OS: BAMT Linux running on a 8 GB Flash Drive

Total: Cost $150.97
MHash: ~380

Picked up a couple 5830s as well for ~$70 (this was back in Feb 2012).

All in all, all the mining gear has already provided me 100% ROI. If I keep the gear when done, I made cash and got "free" hardware. I'll likely sell off most of it. Will probably keep the atom (reuse as a Home server / VPN server) and one of the 5830s for my HTPC (i3-2100) so it can do some decent gaming.

joshv06

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I am still mining, I just wish the Asics would be released later rather than sooner, perhaps next summer. That way, I could get more of my ROI from my cards and use my rig as a heater in the winter XD.

Cluster2k

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Quote from: dunand on November 11, 2012, 07:34:29 PM

Is this thread from the futur? GPU mining is still profitable.

I stopped GPU mining a while ago. The electricity generated from my solar PV panels is worth more when exported rather than used to generate bitcoins.

deathcode

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Quote from: Meatball on November 13, 2012, 09:22:56 PM

Quote from: deathcode on November 12, 2012, 02:43:20 PM

Quote from: gyverlb on November 11, 2012, 07:58:18 PM

Quote from: dunand on November 11, 2012, 07:34:29 PM

Is this thread from the futur? GPU mining is still profitable.

Yes it is. But we are counting the last weeks here...

I will keep mining, unlike others, I see the big picture and I'm in for the long run... so if I make 1 btc or 20 today, I don't really care...
worst case scenario I'm upping my electricity bill and lowering my heat bill so... maybe in 10 years when I have 10,000 - 15,000 BTC then BTC might be worth more than $10...

Death, might I inquire as to what you are mining with to have that 10-15K mining number in your head? That's 1,000 - 1,500 BTC a year. Assuming absolutely no change in difficulty, that's about 10.5 GH/sec right now and will 21 GH/sec at the next difficulty change when reward drops to 25. Then 42 GH/second 4 years from there, then 84 GH/sec 4 years from there. Once again, assuming 0 change in difficulty, which is not going to happen.

The number is not in my head... Wink

mind you it was way easier to mine when btc came around and i've been successfull buying and selling also.

CoinHoarder

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In Cryptocoins I Trust

I am still putting together GPU miners, call me crazy or whatever, that's up to you.

It is not for BTC though, they will all be mining alt coins. Think of it as a long term investment.

GPUs will not be useless for mining after the reward half, they will only be useless for BTC mining.

firefop

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Quote from: MrTeal on November 12, 2012, 04:59:45 PM

I really don't see the difference between having a GPU you could sell for $200 but choose not to in order to mine Litecoin/Vanity addresses, and investing $200 to purchase the same GPU for the same purpose. Either way you're giving up $200 in order to mine.

That's actually a decent point - which is why the best pro miners have sold their farms slowly over the last 3 months. Personally, I'm down to just my fpgas and the 6x 6990s on my gaming computers.

I'm actually looking forward to retiring those so people can have guilt free gaming again.

Asics are going to change up the game - but it will settle out in the long run... my advice is pick your price point (mine's about $10/btc) go short as soon as an asic ships or you see the difficulty going up... There will definately be a couple of crashes as people generate 2 weeks of coins in a day or 3. Then when it gets 'low enough' buy buy buy.

Meatball

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Could be, he could have 100 GH running for all I know. Just seems like there's a lot of people around lately that seem to think "My computer can makez me money for free? Sweet! I'll mine with my Celeron e3300 and I'll be a bajillionaire in 5 years!"

I just hope new (and even some old) folks are taking some time to do a bit of research before they invest too much into mining and really understand the money that can be made vs. how much money they're spending on hardware and power. Seeing some of the posts, I think there's a lot of confusion/misinformation that people are working off of.

A little bit of research and number crunching can relatively easily let you know if it's smarter for you to mine, not mine but buy BTC directly, or just avoid BTC altogether. Smart/Informed decisions can be made about BTC if you're willing to put in a little bit of time. I hate to sound like a crotchety old SoB, but there seems to have been a real uptick lately in people who don't see to have any clue what they're doing and there's no excuse for that, all the information is out there if you just look.

420

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Quote from: Meatball on November 13, 2012, 09:22:56 PM

Quote from: deathcode on November 12, 2012, 02:43:20 PM

Quote from: gyverlb on November 11, 2012, 07:58:18 PM

Quote from: dunand on November 11, 2012, 07:34:29 PM

Is this thread from the futur? GPU mining is still profitable.

Yes it is. But we are counting the last weeks here...

I will keep mining, unlike others, I see the big picture and I'm in for the long run... so if I make 1 btc or 20 today, I don't really care...
worst case scenario I'm upping my electricity bill and lowering my heat bill so... maybe in 10 years when I have 10,000 - 15,000 BTC then BTC might be worth more than $10...

Death, might I inquire as to what you are mining with to have that 10-15K mining number in your head? That's 1,000 - 1,500 BTC a year. Assuming absolutely no change in difficulty, that's about 10.5 GH/sec right now and will 21 GH/sec at the next difficulty change when reward drops to 25. Then 42 GH/second 4 years from there, then 84 GH/sec 4 years from there. Once again, assuming 0 change in difficulty, which is not going to happen.

maybe he's including trading bitcoin on the ups and downs to increase his supply...

Meatball

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Activity: 378

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Quote from: deathcode on November 12, 2012, 02:43:20 PM

Quote from: gyverlb on November 11, 2012, 07:58:18 PM

Quote from: dunand on November 11, 2012, 07:34:29 PM

Is this thread from the futur? GPU mining is still profitable.

Yes it is. But we are counting the last weeks here...

I will keep mining, unlike others, I see the big picture and I'm in for the long run... so if I make 1 btc or 20 today, I don't really care...
worst case scenario I'm upping my electricity bill and lowering my heat bill so... maybe in 10 years when I have 10,000 - 15,000 BTC then BTC might be worth more than $10...

Death, might I inquire as to what you are mining with to have that 10-15K mining number in your head? That's 1,000 - 1,500 BTC a year. Assuming absolutely no change in difficulty, that's about 10.5 GH/sec right now and will 21 GH/sec at the next difficulty change when reward drops to 25. Then 42 GH/second 4 years from there, then 84 GH/sec 4 years from there. Once again, assuming 0 change in difficulty, which is not going to happen.

DiCE1904

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yes it is strange moving to just plug and play BTC mining. At least we have Litecoin to turn GPUs on to

deathcode

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Quote from: legitnick on November 12, 2012, 02:50:35 PM

Quote from: deathcode on November 12, 2012, 02:43:20 PM

Quote from: gyverlb on November 11, 2012, 07:58:18 PM

Quote from: dunand on November 11, 2012, 07:34:29 PM

Is this thread from the futur? GPU mining is still profitable.

Yes it is. But we are counting the last weeks here...

I will keep mining, unlike others, I see the big picture and I'm in for the long run... so if I make 1 btc or 20 today, I don't really care...
worst case scenario I'm upping my electricity bill and lowering my heat bill so... maybe in 10 years when I have 10,000 - 15,000 BTC then BTC might be worth more than $10...

What if they're worth $0?

That's part of a high risk investment... I understand other people mine to make quick profit since the cost (power)/ benefit (BTC price) gives them an edge... well....for me mining is a hobby as well as a long term investment. BTC is not my primary source of income, on the contrary, I spent close to $5000 in rigs, however, I already recovered the investment BTC wise, and I'm just keeping as many as possible...
I don't buy BTC, I just mine them... and in the future, they might worth 0, or we might be debating about the time we used to own a whole BTC!!!

we'll never know...

abracadabra

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Activity: 956

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Quote from: 420 on November 13, 2012, 01:30:59 PM

Quote from: abracadabra on November 13, 2012, 09:09:36 AM

Quote from: 420 on November 11, 2012, 04:59:27 PM

I miss my Radeon's

Don't worry 420. Your Radeon's are safe with me Grin

yes, I hope

got 2.2g/hash yet?

420

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Quote from: abracadabra on November 13, 2012, 09:09:36 AM

Quote from: 420 on November 11, 2012, 04:59:27 PM

I miss my Radeon's

Don't worry 420. Your Radeon's are safe with me Grin

yes, I hope

got 2.2g/hash yet?

abracadabra

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Quote from: 420 on November 11, 2012, 04:59:27 PM

I miss my Radeon's

Don't worry 420. Your Radeon's are safe with me Grin

Meatball

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Quote from: 420 on November 13, 2012, 12:38:05 AM

Quote from: MrTeal on November 13, 2012, 12:07:39 AM

Quote from: DoomDumas on November 12, 2012, 11:55:35 PM

I'll keep mining with my GPU, until 30M diff or so, cause I'm in for the long, and truly beleive BTC will worth much more within few years..
If I had not lost my full time well paid job, be sure I had grab a bunch of those cheap GPU availlable.. Sad

Those bastard, they fired me while on sick leave.. Enjoy Capitalism Tongue

Why not sell the GPUs and buy BTC instead? You'll end up ahead.

exactly. if you can't mine profitably don't go into the negatives just to get coins you think will be worth more later. take the USD and BUY the coins

Yeah. Mining at a loss at any point is just stupid. If you are paying out more than you are making from BTC, you would have been better to buy BTC straight up like the others have said.

Let's say it costs you $12 to make $10 worth of BTC, you have $10 worth of BTC. If you had just spent that $12 on BTC, you'd have $12 worth of BTC.

420

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Quote from: MrTeal on November 13, 2012, 12:07:39 AM

Quote from: DoomDumas on November 12, 2012, 11:55:35 PM

I'll keep mining with my GPU, until 30M diff or so, cause I'm in for the long, and truly beleive BTC will worth much more within few years..
If I had not lost my full time well paid job, be sure I had grab a bunch of those cheap GPU availlable.. Sad

Those bastard, they fired me while on sick leave.. Enjoy Capitalism Tongue

Why not sell the GPUs and buy BTC instead? You'll end up ahead.

exactly. if you can't mine profitably don't go into the negatives just to get coins you think will be worth more later. take the USD and BUY the coins

MrTeal

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Quote from: DoomDumas on November 12, 2012, 11:55:35 PM

I'll keep mining with my GPU, until 30M diff or so, cause I'm in for the long, and truly beleive BTC will worth much more within few years..
If I had not lost my full time well paid job, be sure I had grab a bunch of those cheap GPU availlable.. Sad

Those bastard, they fired me while on sick leave.. Enjoy Capitalism Tongue

Why not sell the GPUs and buy BTC instead? You'll end up ahead.

Topic: I miss GPU Mining (Read 4889 times)