Topic: I think I'm done GPU mining (Read 4191 times)

Im mostly mining memecoin and digitalcoins atm, and turning them into btc at cryptsy =)

I hearty agree with as The mining likes I am providing "raw material" for production. Only production and retailing can make money.

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.

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.

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
  

My GPU is now reserved for playing games.

I find it to be quite enjoyable.

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

$400-500 / month when mining alt coins at ~2400khs minus electric bill.

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.

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.

Guess what mines as fast as 2 x 7970?

My 7 Block Erupters

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.

What luxury, I'm playing Skyrim now at the same time as mining flat out - I've never done that before.

 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.

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.

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.

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

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.

Do you think that GPUs will now start costing less, with less people buying them?

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.

Cue the endless supply of cheap GPUs for gamers!

I'll drop bitcoin GPU mining in a few weeks when difficulty hits 50M. Will gladly milk some more litecoin until it dies.

I powered down my HD6970 for the last time today.  One Block Erupter is doing basically the same, only it's using 2.5W rather than 300W.  

I still have two 7950 cards mining, but I'm only running them to warm the downstairs of the house over the winter.

That was joke post and yeah i agree, block erupters are really amazing.

After countless hours of tuning a multi-family (Tahiti and Cypress) GPU rig for scrypt I give up.  It's too unstable.  It uses even more power, causing the heat to go through the roof and the fans get pegged at my limit of 88%.  The hashrate is 15% less on my rig due to the multi-family GPU issues.  Even though a lot of the scrypt coins I was mining were 200% more profitable, it just wasn't worth the work and crashing.

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.

Me too, I've just bought 2 i.e. around 700 MH/s with no noise, no heat and no more hard disk failures due to overheating.

I suspect that it will never ROI especially given the massive jumps in difficulty but it will generate me some bit-dimes to play with.

Guess what doesn't mines litecoins ? Your block erupter. 

Guess what doesn't make a shit ton of noise 24 hours a day?  My Block Erupter
Guess what doesn't make my mining room 85F even with ventilation and A/C?  My Block Erupter
Guess what doesn't take 800w of power?  My Block Erupter
Guess what doesn't crash my computer every couple of days?  My Block Erupter
Guess what doesn't have constant driver problems that are impossible to solve?  My Block Erupter
Guess what doesn't break when I update my GPU drivers?  My Block Erupter
Guess what doesn't fail to set clock speeds, initialize, compile a kernel, etc on startup of cgminer?  My Block Erupter
Guess what doesn't keep my Windows 8 login screen from loading because the GPU drivers are corrupt from the computer crashing so much?  My Block Erupter
Guess what doesn't take even MORE power, heat, noise from trying to mine scrypt instead of SHA-256 and causing more crashes?  My Block Erupter
Guess what doesn't slow down when I want to play a video game?  My Block Erupter
Guess what doesn't kill a motherboard and multiple PSU's because it draws so much power and puts out so much heat?  My Block Erupter

My 3 GPU's now only make me something shitty like $1 a day.  Even though my Block Erupter is only 333MH/s, I can let it run forever without having to do any work.  Plus, I've been mining since the middle of 2011 and now I can finally play video games again!

In before trolls say:
"Guess what will never ROI?  Your Block Erupter"
I'm ready to invest in the next ASIC which doesn't cost $20,000 and can ship the same day I order it like my Block Erupter.  Haven't seen one, yet.