Topic: Is GPU hobby-mining dead? (Read 8481 times)

might interest you

http://weminebtcs.com/index.php?page=statistics&action=pool

https://bitcointalksearch.org/topic/nxt-profitable-minting-mining-26-some-electric-cost-per-day-935083

There is a new mining asset class for CPU and GPU miners, Nxt MSCoins (MS = Monetary System)

Someone is making ~$26/day (less electricity), check the blockchain for yourself . If you need NXT for paying fees, these can be mined at hashrate.org

"hobby-mining" won't be dead for a long time.  I still 'hobby' mine but I got rid of most my farm.  I just have 5 750 Ti's running now.  GPUs could become useful again depending on what happens with btc, alts and what mfr's do with gpus. 

It's dead. Surprisingly, or not so much, no one here mentioned private kernels which all the big miners are using (and developers are selling them).

So even if you have a 280x, the hashrate a 280x will output for someone with a private kernel will be like 50% higher. You simply can't compete.

Mining difficulty is essentially like a pie. The more people mining it, the less you make. How big your 'chunk' is depends on your hashrate. Someone can essentially take a bigger chunk of the pie because you're propping them up with your shitty hashrate. If they have to face off against other people with the very same kernels, they wont be getting ahead of anyone.

It's essentially a zero sum game and the only way to 'win' is by paying one of the few kernel makers on the forum a couple BTC to get their private kernel, which they'll obsolete in a month with a new one.

I've been pointing this out for over a month now, and a lot of people are still oblivious. If you don't know what a private kernel is or that you need one, you shouldn't be mining with GPUs nor will you have any chance to make money with one.

Because of private kernels, GPU mining will NEVER be profitable again for small miners unless a coin comes out with a pretty rock solid algorithm that is ASIC and Private Kernel proof (or close to it).

well i must say im off the drill of GPU mining is it from x11 x13 sha256 or scrypt or scrypt-n ou keccak or what ever the 300 watts spend per hour gives like 3 cents per hour i cant afor any miner to do that

Now there is a great way to earn on Cointellect mining

It used to be extremely fun to build your own GPU rigs with radeons etc a few years ago, now I guess it is absolute dead, no longer can we afford such a hobby given the difficulty of the mining

Hobby means that you can do it even with no ROI.
If you are careful you may even find coins that make you money.
Big pools may not be the solution anymore, you have to do the detective work too.

GPU hobby-mining never been very profitable... (mostly luck factor: right coin at launch... until the big whales discover it) so at the moment, there is just nothing interesting to mine... but if CSD hit a big exchange, if others coin hit a big exchange... it will come back.
However for the moment, p&d group and """"investors"""" (whatever that actually means...) tend to prefer POS coin as they are easier to manipulate...

Now i think without doubt we can say .... yes ..... for all those driven by greed.

He did say he forgot a 0. But anyway, x13 ain't very profitable lately.

No way it's 0.005 BTC, and stop shoving your referral links everywhere.

Anyway, for example you could sell X13 hashes for 0.0008 BTC/MH/DAY on Nicehash. 1$/day on a 300$ graphics card. Very profitable.

ok but then under statistics it say 0.0006, something is wrong

Sorry, really bad with decimal. It should be 0.0005

Main page, to the right:

X13 Multipool
AXIS
Port: 2222
B/MH/Day: 0.00505779

for x13? i can't find it

under statistics, coin statistics

i see: 0.00508123 right now

you missed a 0? it say 0.0005 not 0.005

main page www.coinking.io.

where 0.005?