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Topic: I think I'm done GPU mining (Read 4189 times)

full member
Activity: 131
Merit: 100
August 11, 2013, 04:11:53 PM
#29
$400-500 / month when mining alt coins at ~2400khs minus electric bill.

which alt coins are you mining that could give you 400-500? I have 4 amd 7950 with LTC only give me around usd170/mo

Im mostly mining memecoin and digitalcoins atm, and turning them into btc at cryptsy =)
sr. member
Activity: 462
Merit: 250
Firing it up
August 10, 2013, 02:06:47 AM
#28
Ok Xian, let's make a deal, what do you want for the 7970's?  One or all.  PM me.

Remember, the point of making money mining is to not SPEND money!  Excuse me if I sound like a cheap ass.

I hearty agree with as The mining likes I am providing "raw material" for production. Only production and retailing can make money.
sr. member
Activity: 462
Merit: 250
Firing it up
August 10, 2013, 02:04:53 AM
#27
The GPU mining currently is not end, just for somewhere use Like Litecoin, Currently there is no workable FPGA for, The speed is currently slow, 1/1000? I think.


I used to perform GPU mining, However I have found that, If I don't make many bodies to follow up, then I will die that After I have found suitable service to follow up, I have stopped GPU mining for a while.
legendary
Activity: 1694
Merit: 1024
August 09, 2013, 05:45:10 PM
#26
Who wants to mine Litecoins, it's a waste of time because there's nowhere to spend them. I tried it and most of the blocks don't even contain a single transaction. Litecoin is as dead as a dodo.
You can trade them for bitcoins, and they're hitting Gox soon as well, which is quite a large trading site. It obviously shows they have their support behind litecoins.

Basically if 1 GH/s makes you 70 cents a day after power mining bitcoins, 1MH/s will make you around $3 after power costs mining litecoins.
hero member
Activity: 774
Merit: 500
Lazy Lurker Reads Alot
August 09, 2013, 03:27:49 PM
#25
Well i agree on this gpu is not earning anything worthwhile anymore, unless you live in the cheap electra zones " 0.5 to 0.12 cts per kwh ".
The alt.coins absolutely not pay back my electra costs, even though litecoin is a good and fun coin its value spoils my fun.
But to be honest how can i make a profit with 0.252 E which is about $ 0.31 per kwh
So yes i can get some coins with the 1600 kh/s the 4 7970 can do but i am sure its all costing money instead of earn anything.
Unless these coins jump soon in price towards a respectable value, which i do not think will happen anytime soon.
I bought about 15 B.E and they hash away nicely yes they cost a bit but they need only a small usb fan to cool them
But this temp is not nearly as much as my ati rig which cranks up the room temp with all doors and windows open to an amazing 43 C
My wife yelled if there was a fire somewhere its so super hot in the house , which has costed me an hour to explain what the blazing gpu's was doing
And ofcourse had to kill the miner to make her finally calm down and loose the enormous heat, but the absolute logic of my woman made me realise its time to get rid of these gpu's and buy a single new model for gaming without the lagging Wink
  

member
Activity: 100
Merit: 10
August 09, 2013, 02:32:14 PM
#24
My GPU is now reserved for playing games.

I find it to be quite enjoyable.
full member
Activity: 138
Merit: 102
August 09, 2013, 01:07:37 PM
#23
$400-500 / month when mining alt coins at ~2400khs minus electric bill.

which alt coins are you mining that could give you 400-500? I have 4 amd 7950 with LTC only give me around usd170/mo
full member
Activity: 131
Merit: 100
August 09, 2013, 06:40:09 AM
#22
$400-500 / month when mining alt coins at ~2400khs minus electric bill.
hero member
Activity: 955
Merit: 1004
August 08, 2013, 11:27:29 AM
#21
Ok Xian, let's make a deal, what do you want for the 7970's?  One or all.  PM me.

Remember, the point of making money mining is to not SPEND money!  Excuse me if I sound like a cheap ass.
hero member
Activity: 504
Merit: 500
August 08, 2013, 07:02:49 AM
#20
Who wants to mine Litecoins, it's a waste of time because there's nowhere to spend them. I tried it and most of the blocks don't even contain a single transaction. Litecoin is as dead as a dodo.

You can spend any coin anywhere... It's called using an exchange...

Earn LTC, sell for BTC, spend anywhere BTC is used... or anywhere LTC is used. You can use any alt-coin anywhere, if you use an exchange.

Where do you think the 600GHs worth of GPU miners have been the last few months... Not mining dead BTC. (Dead = no value to a GPU miner, other than to exchange to buy stuff that demands BTC.)

Any place that accepts only BTC is loosing-out on all the actual sales they could have, if they accepted other coins. Their loss, not ours.

BTC is a corporate toy now, owned by "the man"... dream = dead. Wake-up and mine "the peoples coin", alt-coins.
hero member
Activity: 490
Merit: 500
UNDER NEW MANAGEMENT
August 08, 2013, 02:03:31 AM
#19
Guess what mines as fast as 2 x 7970?

My 7 Block Erupters Cheesy
full member
Activity: 281
Merit: 100
August 08, 2013, 01:55:17 AM
#18
I shut off my GPU finally today as well...  Getting 0.0035 coins/24 hours is just too tiny for me (need at least 0.006 to break even on power).  Perhaps if I had the block erupters it'd be worth it to keep going with that low mhash/s (285 GPU vs 333 erupter) but its not worth it to pay money for me.

I'm still sitting on the thought that if I can get a Jalapeno delivered while the difficulty is under 200 mil I will.  I may never get ROI on it (I should, assuming the exchange stays at least around $100), but it will give me something to stay in the game with.
member
Activity: 73
Merit: 10
August 07, 2013, 03:17:26 PM
#17
What luxury, I'm playing Skyrim now at the same time as mining flat out - I've never done that before.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
August 07, 2013, 02:21:53 PM
#16
-I'll give you $75 for each 7970.  
-I encourage all to buy ASICs and continue to mine BTC in a self defeating downward spiral.  Less competition for me in DigitalCoin and Litecoin.

 Insult me with a lowball price. Insult me with my choice of hobby. Come off as superior for mining DigitalCoin (WTF is DigitalCoin ?!) and LTC.

 No thanks, bro.
hero member
Activity: 955
Merit: 1004
August 07, 2013, 09:35:21 AM
#15
Xian, I'll give you $75 for each 7970.  Well maybe a little more, let's make a deal.  PM me.  Have photos ready to email.  Are you in the USA?

I encourage all to buy ASICs and continue to mine BTC in a self defeating downward spiral.  Less competition for me in DigitalCoin and Litecoin.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
August 06, 2013, 10:37:48 PM
#14
FWIW, retired a 7970 and a 7950 in my farm today after taking delivery of another 15 AM Erupter USB's. Plan to have the other half-dozen 7970's retired by the end of the month and up for sale.

 Am already seeing notable savings on our electrical vs this time last year since rolling out ASICs and retiring my 5xxx and 6xxx series GPU's a couple months ago.
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
August 06, 2013, 07:51:44 PM
#13
Do you think that GPUs will now start costing less, with less people buying them?
No.  It is clear we aren't even 1% of AMD sales, even AMD can confirm that.  The bitcoin community is incredibly tiny.  It may seem like there are a lot of people into Bitcoin if you are like me and read about it all the time, subscribed to the subreddits, on this forum, see it in the news, etc.  It's just not that big of a community, though.

The price of used GPU's might go down directly on this forum, though.

used 5970's were $400 each on ebay two months ago, now they are $200

i'm pretty sure that's bitcoin related

as for new cards, if not for bitcoins, i'd buy a geforce card, ofc they'll drop in price
hero member
Activity: 630
Merit: 500
August 06, 2013, 01:57:30 PM
#12
Do you think that GPUs will now start costing less, with less people buying them?
No.  It is clear we aren't even 1% of AMD sales, even AMD can confirm that.  The bitcoin community is incredibly tiny.  It may seem like there are a lot of people into Bitcoin if you are like me and read about it all the time, subscribed to the subreddits, on this forum, see it in the news, etc.  It's just not that big of a community, though.

The price of used GPU's might go down directly on this forum, though.
sr. member
Activity: 686
Merit: 259
August 06, 2013, 01:16:49 PM
#11
Do you think that GPUs will now start costing less, with less people buying them?
newbie
Activity: 58
Merit: 0
August 06, 2013, 12:41:14 PM
#10
I received 3 block erupters and man, this thing is producing 1,038Mh/s!
My laptop's GPU card (Nvidia 650M) only makes 22Mh/s...

I'm planning on getting more of these later.
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