Topic: Is GPU mining even worth an investment? - page 2. (Read 6834 times)

It was never a good investment.  Treat it as a hobby.  BTW, people spend more on their hobbies than 10K so you are in the ball park.

Buy one rig, spend $2000, see how it goes.  If it is not for you, sell the cards, use the computer for something else.

GPU mining is certainly still profitable on Scrypt.

It is not profitable to mine any coin built on SHA-256.

Things to consider about starting to acquire a fleet of miners or GPUs: heat & electricity. Also, you should have some sort of fire suppression system in place if you care about the building you are doing this in.

Prices of GPUs have gone up a lot in the last couple of months because mining alts became fairly profitable again. I'd say it's still worth it if you can get a good deal on graphics cards and have cheap electricity

Its all about what you mine when, and the future value of the coin.i dont care name any coin in history, If you got in and started mining if the first few hours of release you made a lot of btcs
.

With the recent drop in bitcoin price, it is now a good time to buy some cheap coins.
Instead of buying GPUs, you should get better return and less works by buying bitcoin directly.

Or just buy FAS

Set it and forget it...
https://cryptostocks.com/securities/87

Not worth buying GPU at all, since the price has dropped due to some panic sell, it might be a good chance to buy Bitcoin or Litecoin instead.

dont listen to this agenda faggots. I bough 2 7970's 3 weeks ago and i am already in profit.

is it worthwhile to build my own rig of G9s or buy from butterflylabs or KNCminer?

Granted I already have a rock solid motherboard/CPU P9X79 Pro Intel 4930K, about to be water cooled with 16 gigs of ram.

My rig is not the problem.

If I drop some cash on 3 R9's would that be suitable.

And I can safely OC the shit out of it.

I need to learn more about altcoins

Hopefully not off topic;  but I would suggest not to make that investement.. having said that,  the question that araises me is, will all bitcoins ever be mined? since there are still quiet a bit to mine and the level of difficulty and the amount needed to invest...

Makes me wonder..

@ admin, hopefully not off topic, if so ,my appologies in advance

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

Very simple.
It is definitely not profitable to mine bitcoin with GPU.
It is still profitable to mine scrypt coin with GPU.

Not true at all.

For 1000$ lets see what can you get. in USA R270 costs about 200$ for one, one can make about 400-420Kh/s
You need some normal PSU ( some 600w ) thats some 100$ ( well a good one not the cheap one ) to run 3xR270. Then you motherboard, cpu and memory some 150$.
So 600$ for 3xR270, 250$ for PSU and other stuff. You need extenders, then frame, and USB flash ( for Linux ) that shouldnt be mroe then 70$
So for less then 1000$ you get 1,200Kh/s thats more then 12,000kh/s with 10,000$ investment.

With that much hashrate he can make about 100LTC per month, if he mines alternate currency probably some 120-130LTC when he sells and buys them.
LTC price atm is kinda low, "only" 18$/ltc, but scrypt asic miners wont be delivered until Q2 ( some say not even in mid Q3 ). And also lets face it even if they are delivered there wont be many of them out there, so he still has some 3-4 months of mining. In that time he can make 300-500LTC ( lets say 400LTC ). If he sells them for 20$ he wont make much ( granted he will lose ), but if he waits and sell when the time is come ( and some say price will go to 50+ when reward get lowered ) he can make a lot.
Then he will still have hardware, you can't expect to sell for 100% of what you payed but even if he sells for 70% ( and he will ) thats 7000$ back.

Or he can buy 500LTC for that price and gable on that. This way he stands to lose 30% ( if he buts gpus to mine ), and to cover expanses by selling them, while he makes them...

Which pool would you recommend?

You can still make profit in altcoins script mining. Join some profit switching pool and good to go.

i know asics do better than cpu's for sha256 but how about for script mining?  I ask because the price of blade servers is going down all the time.. and if dells older equipment pull 5k watts for a fully populated 20 blade chassis...  it would still be less of a power draw than some of these GPU rigs  but not sure about the performance  but i would imagine depending on configuration it would be my cycles than a GPU rig...

if AMD actually made a GPU farm the way nvidia did that would have  been even better..

You guys do realize that Asic Scrypt miners are being sold on the forum as we speak right?

Asiabtc sells them and there are groupbuys from BeastlyMac and cxboyminer

Looks interesting. But I'm assuming their 'product' is still at the drawing board? Have you heard a timeline for production?

absolutely not