Topic: In two days i'm stopping GPU Mining ! (Read 6299 times)
How about mining altcoins?
Hello,
thanks for the tips.
i stoped today with gpu mining. It makes no sense in my case.
I cant get better than 1,95 Mhash per Watt with my 7970 from Powercolor,
which is not enough.
I will sell the 2 cards on ebay, and buy the coins directly.
I already daytraded (or weekly) some coins in the past (1-2 BTC per coin, 2k€ atm). That works for me.
Unless i get free solar power i will not mine again.
(Solar investment ROI from mining, maybe i will think about it :-)
thanks for the tips.
i stoped today with gpu mining. It makes no sense in my case.
I cant get better than 1,95 Mhash per Watt with my 7970 from Powercolor,
which is not enough.
I will sell the 2 cards on ebay, and buy the coins directly.
I already daytraded (or weekly) some coins in the past (1-2 BTC per coin, 2k€ atm). That works for me.
Unless i get free solar power i will not mine again.
(Solar investment ROI from mining, maybe i will think about it :-)
Thank you for your reply.
Offcource i could lower the system watt requierement from 60 Watt to 20 Wattt when i buy a multi PCIe board.
But even without the 60 from the system i would be 0,02€ in minus.
My goal is not to earn pennies :-) i need at least twice of the powercost so aas example (4,5€ = ~ 2,5€ Win per day) to get a Roi of 100 days for the graphicard (250€).
I planned to invste 1600€ in graphiccard mining. So i made a test first if it could be profitable.
But it is not :-( .
In germany we have a terror goverment ;-) which tripple taxed the powercost ! all taxes togever are ~66%
It is impossible to get a Kilwatt under 0,20 cent (0,27$) and not even with 50000kw/h per year offers.
Offcource i could lower the system watt requierement from 60 Watt to 20 Wattt when i buy a multi PCIe board.
But even without the 60 from the system i would be 0,02€ in minus.
My goal is not to earn pennies :-) i need at least twice of the powercost so aas example (4,5€ = ~ 2,5€ Win per day) to get a Roi of 100 days for the graphicard (250€).
I planned to invste 1600€ in graphiccard mining. So i made a test first if it could be profitable.
But it is not :-( .
In germany we have a terror goverment ;-) which tripple taxed the powercost ! all taxes togever are ~66%
It is impossible to get a Kilwatt under 0,20 cent (0,27$) and not even with 50000kw/h per year offers.
With the price that you are having to pay for power, it is unlikely that you will ever be in a position to make money by mining altcoins with gpus.
You are paying twice what most miners are paying.
The only thing that you can do is to try to find an additional value stream from your mining.
If you are lucky, you live in an older home in one of the colder parts of Germany and you can run your gpu in the winter time and reduce your heating bills. Effectively lowering your power cost.
You could also try to set up water cooling on your gpu and, with an indirect heating cylinder, use the hot water to heat up your domestic water supply. If you live in rented accommodation the hot water idea is probably not an option.
While those options might work for you, they are limited you can only use GPU heat to defray your existing heat requirements. To scale it into enough GPUs to make real money, you would have to own a whole apartment block and make everyone pay you for the warm air and hot water.
Man I would be very glad if you send those GPUs to me. Just PM me if you want to dispose it and I am more than willing to accept those gifts. 
Where did you get "free" electricity?
it always cost money, only stolen if really free ;-)
it always cost money, only stolen if really free ;-)
The big yellow thing in the sky gives me free electricity (when averaged out over the year).
As per the poster above, the heat produced also helps heat my house in the winter, so I'm saving kerosene which is 65p a litre (and can use 1000 litres in a really cold winter).
If you anyway heat the house with aforementioned electricity, why not run it through a GPU and not an electric radiator. It's free hashing in that sense. I'll let my GPUs run until April next year...
Where did you get "free" electricity?
it always cost money, only stolen if really free ;-)
it always cost money, only stolen if really free ;-)
Due to the new difficulty coming in 2 days, my mining rig (3 x 5830) will cost more power as BTC revenue.
It will be cheaper buying the coins ...
for information:
Power consumption of the 3 cards 300 Wh ( about 35 euros / month)
With about 900 Mh I get (now!!!) 0.7 BTC /month = 60 euros *0.7 = 42 euros.
game over!
It will be cheaper buying the coins ...
for information:
Power consumption of the 3 cards 300 Wh ( about 35 euros / month)
With about 900 Mh I get (now!!!) 0.7 BTC /month = 60 euros *0.7 = 42 euros.
game over!
I have free electricity.. I'll take em and put em to good use!
Ok thanks i will try it.
i set the memoryclock from 1900 back to standart (1375). it saves 8-12 Watt, andi am still at the same 710 Khash.
I will undervolt and see what happens.
i set the memoryclock from 1900 back to standart (1375). it saves 8-12 Watt, and
I will undervolt and see what happens.
Offcource i could lower the system watt requierement from 60 Watt to 20 Wattt when i buy a multi PCIe board.
But even without the 60 from the system i would be 0,02€ in minus.
Try to underclock and undervolt your card, the power usage is not proportional to the clock speed. But even without the 60 from the system i would be 0,02€ in minus.
Thank you for your reply.
Offcource i could lower the system watt requierement from 60 Watt to 20 Wattt when i buy a multi PCIe board.
But even without the 60 from the system i would be 0,02€ in minus.
My goal is not to earn pennies :-) i need at least twice of the powercost so aas example (4,5€ = ~ 2,5€ Win per day) to get a Roi of 100 days for the graphicard (250€).
I planned to invste 1600€ in graphiccard mining. So i made a test first if it could be profitable.
But it is not :-( .
In germany we have a terror goverment ;-) which tripple taxed the powercost ! all taxes togever are ~66%
It is impossible to get a Kilwatt under 0,20 cent (0,27$) and not even with 50000kw/h per year offers.
Offcource i could lower the system watt requierement from 60 Watt to 20 Wattt when i buy a multi PCIe board.
But even without the 60 from the system i would be 0,02€ in minus.
My goal is not to earn pennies :-) i need at least twice of the powercost so aas example (4,5€ = ~ 2,5€ Win per day) to get a Roi of 100 days for the graphicard (250€).
I planned to invste 1600€ in graphiccard mining. So i made a test first if it could be profitable.
But it is not :-( .
In germany we have a terror goverment ;-) which tripple taxed the powercost ! all taxes togever are ~66%
It is impossible to get a Kilwatt under 0,20 cent (0,27$) and not even with 50000kw/h per year offers.
These are the longest two days I have seen... did OP quit mining already?
http://www.coinwarz.com/cryptocurrency/?sha256HashRate=710&sha256Power=300&sha256PowerCost=0.3336&scryptHashRate=710.00&scryptPower=365.00&scryptPowerCost=0.3336
May I suggest you find cheaper power, or hold onto your bitcoin a bit more?
hole PC
Well there's your problem...8,76 kwh per day at 0,249€ = 2,18€
I pay 0.1€/kWh, you do not have the same luck to access cheap power distribution networks.http://www.coinwarz.com/cryptocurrency/?sha256HashRate=710&sha256Power=300&sha256PowerCost=0.3336&scryptHashRate=710.00&scryptPower=365.00&scryptPowerCost=0.3336
May I suggest you find cheaper power, or hold onto your bitcoin a bit more?
Hello,
i am just wondering that i am in minus when mining 300% coins (selected from coinchoose),
i have tried nearly every coin at 300% + middlecoin and multicoinpool which have and switching function to the most profitable coin.
I get approximatly 0.02 BTC in Value per Day which is about 1,80€ (90€/BTC)
but my Powercosts for the overclocked HD 7970 which needs 0,365 kw (hole PC)
are 24h x 0,365w = 8,76 kwh per day at 0,249€ = 2,18€
So i am ~ 0,38€ in Minus!
Even when i would use the Prise for business Current i where 5cent in minus.
I mean the 7970 (710Khash @ 305 watt) is one of the most efficent cards, so what is wrong here ?
i am just wondering that i am in minus when mining 300% coins (selected from coinchoose),
i have tried nearly every coin at 300% + middlecoin and multicoinpool which have and switching function to the most profitable coin.
I get approximatly 0.02 BTC in Value per Day which is about 1,80€ (90€/BTC)
but my Powercosts for the overclocked HD 7970 which needs 0,365 kw (hole PC)
are 24h x 0,365w = 8,76 kwh per day at 0,249€ = 2,18€
So i am ~ 0,38€ in Minus!
Even when i would use the Prise for business Current i where 5cent in minus.
I mean the 7970 (710Khash @ 305 watt) is one of the most efficent cards, so what is wrong here ?
I can confirm mining altcoins with 12X7950 I got around 300% profitability in july so far. So GPU mining is ok for me still. I have electricity at 0.08$ per Kwh, so when I pay electricity bill (gonna be around 150-160$), and if I exchange LTC mined in july, I can get 4Xelectricity bill. So I consider it ok, as 300% pure profit no job can make you in a month. I would like to have 120 and not 12 cards, but that is another story .
.
We officially have a Heat Wave here in the UK, so I changed back to BTC mining on my GPUs.
The extra heat of the LTC mining was insufferable in the house. I'll be back to LTC mining all winter, it raises the temperature of the downstairs rooms of the house by 3C. Saves a fortune on kerosene.
The extra heat of the LTC mining was insufferable in the house. I'll be back to LTC mining all winter, it raises the temperature of the downstairs rooms of the house by 3C. Saves a fortune on kerosene.
It's just unfortunate that GPU mining becomes pointless right in the middle of summer
Huh?
Summer is the primary reason that GPU mining becomes pointless for most folks. In the winter, these things give off lovely, life-saving heat! Especially if you run electrical heating (not really sure who does that, we all heat with natural gas up here in Canada, but I've heard it's done in other places)
In any case, the electricity being converted *almost* directly into heat by GPU mining is a benefit in the winter. (even if it only reduces your gas bill by a small bit)
On the other hand, running these little furnaces in the summer becomes a detriment as it requires even more electricity in the form of air conditioning to maintain a liveable atmosphere.
LOL, exactly. Unless the poster is in Australia.
It's just unfortunate that GPU mining becomes pointless right in the middle of summer
Huh?
Summer is the primary reason that GPU mining becomes pointless for most folks. In the winter, these things give off lovely, life-saving heat! Especially if you run electrical heating (not really sure who does that, we all heat with natural gas up here in Canada, but I've heard it's done in other places)
In any case, the electricity being converted *almost* directly into heat by GPU mining is a benefit in the winter. (even if it only reduces your gas bill by a small bit)
On the other hand, running these little furnaces in the summer becomes a detriment as it requires even more electricity in the form of air conditioning to maintain a liveable atmosphere.
remember when chinacoin went 1600%?
ah, good times.
Shh... Don't give him ideas.
Jump to: