Topic: Is GPU mining even worth an investment? (Read 6807 times)
GPU mining is not worth it, ASIC/FPGA is already mining darkcoin and later on other profitable algo. So sooner or later ASIC going to kill GPU market completely.
i do GPUs all the time and it works fine for me
I have both GPU miners for alt-coin mining and ASICs and the ASICs are way easier to run and make more money. there still is value in having new algorithms/coins for competition
I actually do all of the above, bought gpus for scrypt-n or others when/if it takes off, scrypt asics and sha asics.
Currently mining 3 different algos at same time.
And, ofc hold or buy some coins to save, Ltc,Btc and xpm.
Currently mining 3 different algos at same time.
And, ofc hold or buy some coins to save, Ltc,Btc and xpm.
With 10k preorder a 250 mh/s scrypt miner from knc. If you don't wanna wate, you could buy 3 of the new gridseed miners that hash at 5 mh/s and are in a antminer s1 form factor. Or buy a bunch of gpu, mine scrypt/x11/scryptn/you get the point. Or several antminer s1's. At 400 ish a pop, that's around 20 antminers (still need to buy psu's) that's 5 terahashes right there, should make more than 1 btc a month. Idk how long, but for right now 5 th/s is quite a bit. From there I'd probably resell them and buy the s2's, black arrow, or spoodlio (or however you spell it).
Alot of people beleive in future value. Mining Bitcoin isn't a question of profitability off of the current price anymore, but off of the beleived future price of optimists 
For now, just buy the coins and hold. Prices are down, coins on sale anyone?
agree, just stack coins up and have patience. it will pay up
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Take a look at nvidia 750 ti gpus.
Low power and pretty good hashrate and easy to scale up.
Also you can put your cpu to work by mining xpm or similar, thats what i currently do.
You wont be a millionaire on cpu mining, but it will help some on your roi since you need a cpu anyway.
Regards
Low power and pretty good hashrate and easy to scale up.
Also you can put your cpu to work by mining xpm or similar, thats what i currently do.
You wont be a millionaire on cpu mining, but it will help some on your roi since you need a cpu anyway.
Regards
Hi guys I'm new to bit coin . Could I ask what Setup would I need to get 1bitcoin a month ? Also is it guranteed ? Thanks
You seriously need to do some reading first....
Hi guys I'm new to bit coin . Could I ask what Setup would I need to get 1bitcoin a month ? Also is it guranteed ? Thanks
For now, just buy the coins and hold. Prices are down, coins on sale anyone?
go for gpu as your future proof.
why anyone would buy asic and be stuck on a few select scrypt coins is mad
why anyone would buy asic and be stuck on a few select scrypt coins is mad
You sir.. are a liar. The per Mh/s profits are very public. So unless you are making 5X everyone else...
dont listen to this agenda faggots. I bough 2 7970's 3 weeks ago and i am already in profit.
go for other coins like litecoin or doge
at this point in the bitcoin mining difficulty, i would not mess with anything less than the antminer s1 which sells for $1700 on amazon and hashes at 180 g/h. i punched in a few numbers in the profitability calculator and it seems like it would take about 3 months to make that money back; everything you make after is profit, unless the price of bitcoins goes up or down. i personally plan on getting a machine that gets at least 2 t/h (2,000 g/h) because i want more bitcoins. i'm in the bitcoin game for the long run and am one of the believers who thinks that a bitcoin will be worth at least $10,000 in under 10 years.
It is still worth to invest in gpu mining. But altcoins are the only solution.
Use this site to find best profitable coin and mine it. Then exchange to whatever coin you like.
http://www.coinwarz.com/cryptocurrency
It's not profitable as shown there always %5-20 less. But if you like the idea of mining it's joy. Use this site to find best profitable coin and mine it. Then exchange to whatever coin you like.
http://www.coinwarz.com/cryptocurrency
Is x profitable? Who knows? Yes so long as you don't mine and dump.
Seriously, I was mining 3 LTC per day last April. A few dollars profit per day. Had I kept them and sold at the top - VERY profitable but no I just sold them at market value didn't I?
Mine something that's going to stick around and hold it.
But I'd spend half that 10K on coins themselves. BTC, LTC and 1 other in a 40-40-20 split.
Seriously, I was mining 3 LTC per day last April. A few dollars profit per day. Had I kept them and sold at the top - VERY profitable but no I just sold them at market value didn't I?
Mine something that's going to stick around and hold it.
But I'd spend half that 10K on coins themselves. BTC, LTC and 1 other in a 40-40-20 split.
Yes for altcoins
No for Bitcoin
I would love to see some effective cheap ASICs coming up in the market so that break even time (5-6 months) is reduced
No for Bitcoin
I would love to see some effective cheap ASICs coming up in the market so that break even time (5-6 months) is reduced
I am trying to build a dedicated mining rig with a budget of roughly 10K.
Should I buy a bunch of GPUs run the hell out of them, and them sell them when the ASICs chips come out?
I hear a lot about how GPU mining is not worth the investment, but if you are new and want to front run the ASICs cards. And then use profits to purchase to upgrade is this a feasible solution?
Should I buy a bunch of GPUs run the hell out of them, and them sell them when the ASICs chips come out?
I hear a lot about how GPU mining is not worth the investment, but if you are new and want to front run the ASICs cards. And then use profits to purchase to upgrade is this a feasible solution?
ASICs for scrypt is already out...
As I stated in another post, consider this. I made a pantload off GPU mining Bitcoin, but the only people who got true ROI were those GPU mining in early 2011. I spent $150 for each 6870 and I could have bought 75 BTC instead. Would have been much easier to just buy the coins.
You can still make $ by mining, but if the coin shoots up 10x you would have been better off buying the coins.
You can still make $ by mining, but if the coin shoots up 10x you would have been better off buying the coins.
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