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Topic: Is GPU Mining Still Profitable? Should YOU Build a Mining Rig? GPU Mining Dead? (Read 1360 times)

sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
In fact, I configure one of my firsts mining rigs seeing your videos. It is being a long time since then. But thanks.
Answering your question, I think is still profitable, but you have to consider some things, to me the most important thing is to see the most perfect time to buy the GPU, for me is august for Radeon always sell their products at a low price for introduction, so it will be easier to recovery your investment in short time. For example, the best GPU when Radeon tries to enter the market their price is 40% lower than the rest of the year thanks to the speculators. On the other hand, NVIDIA says theirs profits are going to decrease for they do not expect people buy GPU for mining like the others years. So whe can expect a decrease in the GPU price.
Second, I think is important to find out a coin that can give good profits, right now I am mining Haven and I feel very comfortable with the returns. But perhaps is for the market manipulation this coin suffers at the beginning of the month.
However, I see this year is going to be a good one for GPU mining, for me is still profitable.  


that's awesome to hear I had some influence on your first rig Cheesy

I like your positive attitude and agree with you that there are still very many good projects to GPU mine
member
Activity: 130
Merit: 15
In fact, I configure one of my firsts mining rigs seeing your videos. It is being a long time since then. But thanks.
Answering your question, I think is still profitable, but you have to consider some things, to me the most important thing is to see the most perfect time to buy the GPU, for me is august for Radeon always sell their products at a low price for introduction, so it will be easier to recovery your investment in short time. For example, the best GPU when Radeon tries to enter the market their price is 40% lower than the rest of the year thanks to the speculators. On the other hand, NVIDIA says theirs profits are going to decrease for they do not expect people buy GPU for mining like the others years. So whe can expect a decrease in the GPU price.
Second, I think is important to find out a coin that can give good profits, right now I am mining Haven and I feel very comfortable with the returns. But perhaps is for the market manipulation this coin suffers at the beginning of the month.
However, I see this year is going to be a good one for GPU mining, for me is still profitable.  
full member
Activity: 462
Merit: 118
There are alot more used GPUs on amazon these days if u notice. There is just too much mining difficulty everywhere these days.
member
Activity: 644
Merit: 24
Bitmain Antminer Z9 - Equihash ASIC Miner pushing 10,000 sols @ a whopping  300 watts

Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs
Zcash CEO Zooko says no to forking ASIC - https://goo.gl/X6K7tz
Bitmain Antminer Z9 Mini Equihash ASIC - https://goo.gl/vYFNMd
VoskCoin asks Zooko of ZEC and Rolf of ZEN - https://goo.gl/NV18pk

Interested in sharing your opinion on changing the algorithms to be truly asic-resistant and considering to invalidate the Bitmain Antminer Z9?
Click here -> https://github.com/ZencashOfficial/zen/issues/142




This gives new meaning to this thread sadly O_o

At least GPUs can change algorithms to mine other coins.  ASIC miners will be left in the dust when/if equihash becomes resistant.

Are you even thinking of the reallocation of gpu hashrate if very little of equihash forks?  Ethash POS is another big scare.  Who knows when that will ever happen though.
newbie
Activity: 102
Merit: 0
Bitmain Antminer Z9 - Equihash ASIC Miner pushing 10,000 sols @ a whopping  300 watts

Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs
Zcash CEO Zooko says no to forking ASIC - https://goo.gl/X6K7tz
Bitmain Antminer Z9 Mini Equihash ASIC - https://goo.gl/vYFNMd
VoskCoin asks Zooko of ZEC and Rolf of ZEN - https://goo.gl/NV18pk

Interested in sharing your opinion on changing the algorithms to be truly asic-resistant and considering to invalidate the Bitmain Antminer Z9?
Click here -> https://github.com/ZencashOfficial/zen/issues/142




This gives new meaning to this thread sadly O_o

At least GPUs can change algorithms to mine other coins.  ASIC miners will be left in the dust when/if equihash becomes resistant.
newbie
Activity: 102
Merit: 0
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 

New GPUs are out.  Given the price of them, I don't think they'll flood the market too quickly.

Not sure where you're getting your info, but the new Nvidia gpu's are not out yet.

just the Titan V which is 3000$ lmao but excluding that you're correct

Still cheaper and more profitable to own two 1080 TIs than one Titan V...
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Bitmain Antminer Z9 - Equihash ASIC Miner pushing 10,000 sols @ a whopping  300 watts

https://www.youtube.com/watch?v=vnbkbbu6z2Q


Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs
Zcash CEO Zooko says no to forking ASIC - https://goo.gl/X6K7tz
Bitmain Antminer Z9 Mini Equihash ASIC - https://goo.gl/vYFNMd
VoskCoin asks Zooko of ZEC and Rolf of ZEN - https://goo.gl/NV18pk

Interested in sharing your opinion on changing the algorithms to be truly asic-resistant and considering to invalidate the Bitmain Antminer Z9?
Click here -> https://github.com/ZencashOfficial/zen/issues/142




This gives new meaning to this thread sadly O_o
member
Activity: 644
Merit: 24
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 

New GPUs are out.  Given the price of them, I don't think they'll flood the market too quickly.

Not sure where you're getting your info, but the new Nvidia gpu's are not out yet.

just the Titan V which is 3000$ lmao but excluding that you're correct

Exactly.  Just another person who can't even comprehend what he reads and/or gets something from one source and expects it to be legit.
newbie
Activity: 50
Merit: 0
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 

New GPUs are out.  Given the price of them, I don't think they'll flood the market too quickly.

Not sure where you're getting your info, but the new Nvidia gpu's are not out yet.

just the Titan V which is 3000$ lmao but excluding that you're correct
member
Activity: 268
Merit: 10
Sure it is. Just have a look at the network hashrate of the cryptocurrencies mined with GPU's.
member
Activity: 644
Merit: 24
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 

New GPUs are out.  Given the price of them, I don't think they'll flood the market too quickly.

Not sure where you're getting your info, but the new Nvidia gpu's are not out yet.
newbie
Activity: 102
Merit: 0
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 

New GPUs are out.  Given the price of them, I don't think they'll flood the market too quickly.
member
Activity: 75
Merit: 11
For now, the ROI is very very very low.

did you see the price to hash on these? it's really not that big of a worry. 1800-2000 dollars + shipping + customs for what? roughly 6x580s and i suspect you could get those 6 580s better tuned, you also get a  3yr warranty and better resale. maybe the asic will be more energy efficient at 800w but it's not going to be a lot. the rx580 if prices normalize should be a $230-299 card. at 300 each you have 6x300 + 200 for a mb/cpu/ram which is 2k. add in $200-220 for a nice 1000-1200psu and there you are. very comparable prices
member
Activity: 644
Merit: 24
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin

New gpu's that are capable of higher hash rates will drive up difficulty faster than it would be driven up if a specific network hash rate just stayed the same with current hardware.  Difficulty increase will result in older cards being less profitable to mine with.  That's not to say that I would be selling off my 1080ti's right now.  I don't see myself doing that in the near future.  I think that in the near future, I will sell the 1070ti's that I have though.  I'd like to have some capital to replace those with newer gen gpu's.

The other thing I'm thinking about is using the capital from the sale of my 1070ti's to buy Vega's.  We're not seeing anti-asic fork support from anyone at the moment other than those coins that are better mined with Vega's.

I'll never bet it all on one thing though ... I'll always have a mix of hardware for mining in addition to my direct investments into various coins. 
newbie
Activity: 102
Merit: 0
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
The GPU prices of the currently available GPUs may go down with the release of a new generation, but that won't change the performance of the cards you already have.  My 1080 Tis will still kick ass.  Grin
jr. member
Activity: 309
Merit: 5
I already sold my rigs but it still profitable in my place, the sole reason I sold it is I already got my ROI and rumors about new GPU coming from Nvidia. sold it early before GPU price plummets for me is the best idea.
newbie
Activity: 91
Merit: 0
For now, the ROI is very very very low.
newbie
Activity: 73
Merit: 0
Of course GPU mining is still profitable and anyone saying something different is uninformed or trying to keep you from raising the difficulty on their miners! Especially considering how development teams are now actively taking stances against centralization via ASICS. Over the next 12 months and beyond the picture will become clear what projects truly believe the concept and technology of decentralized blockchains and which ones are out for greed.

A line will be drawn in the sand between PoW cryptos and there will be many that vow to be only GPU mine-able forever which will include scheduled hard forks with greater frequency. The GPU only cryptos will have very strong active communities and thus will maintain a more stable and consistent economy than other PoW algorithms. This is already visible via price stability over the last ~6 months especially with the recent market downturn.

It's all about finding the right project, getting in early and contributing to its growth. There are countless GPU mine-able coins coming out all the time, if you find the right one you WILL be wildly profitable.

If your electricity price is below $0.1 kWh, you might still invest in mining. But as the ASIC appears in Ethereum, it is better not to invest more at the moment.
newbie
Activity: 85
Merit: 0
Of course GPU mining is still profitable and anyone saying something different is uninformed or trying to keep you from raising the difficulty on their miners! Especially considering how development teams are now actively taking stances against centralization via ASICS. Over the next 12 months and beyond the picture will become clear what projects truly believe the concept and technology of decentralized blockchains and which ones are out for greed.

A line will be drawn in the sand between PoW cryptos and there will be many that vow to be only GPU mine-able forever which will include scheduled hard forks with greater frequency. The GPU only cryptos will have very strong active communities and thus will maintain a more stable and consistent economy than other PoW algorithms. This is already visible via price stability over the last ~6 months especially with the recent market downturn.

It's all about finding the right project, getting in early and contributing to its growth. There are countless GPU mine-able coins coming out all the time, if you find the right one you WILL be wildly profitable.
member
Activity: 140
Merit: 10
Merit me or don't.
Thinking seriously about getting into mining. I looked at a pre assembled rig that has two liquid cooled Nvidia TI1080 cards (22gb). I’m hoping that it will be able to turn a nice profit, because the rig will cost about $8000 USD.

If you're going to spend $8000, please do a proper statistical breakdown and forecast and make sure you know you will break even.
Unless you're minted, then otherwise go crazy  Wink
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