Topic: Is mining still profitable? (Read 1816 times)
Just get a job at a power plant. They probably wouldn't care about a few watts...
Everyone talks about how huge your electricity bill would be, but I have a real time monitor for my electricity usage, and it costs about £0.08 per hour to run my PC (with 2 monitors) at idle, and about £0.085 p/h to run it with GPU mining (Radeon 7850).
OK, my PC is on 24/7 anyway (I'm a torrentor), so for me, this power increase costs me about £3.24 extra per month, and gains me 0.05BTC per 5 days (.3BTC per month) - or £22 at todays exchange rate.
So if you have your PC on 24/7 anyway, then GPU mining with a decent mid-range Radeon is definitely worth it, but running it purely to mine, then not really, unless you have a really awesome GPU, or crossfire set up.
OK, my PC is on 24/7 anyway (I'm a torrentor), so for me, this power increase costs me about £3.24 extra per month, and gains me 0.05BTC per 5 days (.3BTC per month) - or £22 at todays exchange rate.
So if you have your PC on 24/7 anyway, then GPU mining with a decent mid-range Radeon is definitely worth it, but running it purely to mine, then not really, unless you have a really awesome GPU, or crossfire set up.
Now as ASICs flood into the hands of miners, GUI mining will probably shift to Litecoins where the returns are about the same. You can trade LTC for BTC on btc-e.com.
Yep, from https://en.bitcoin.it/wiki/Litecoin, apparently GPUs are at least as good as other specilized hardware.
it is still profitable, at least if you already have a good GPU
maybe
all depends on the value that will ...
but i hear that butterfly is scam
Could be but they did deliver some machines in the past. OTOH, right now, they might decide to keep everyone's money and run for it.
That would actually be a bonus for BTC mining
In the long run, yes!
but i hear that butterfly is scam
You can order one, but you will have to wait many months before you actually receive one.
I think butterfly labs is the popular choice, i dont even know if anyone has actually received their order.
I think butterfly labs is the popular choice, i dont even know if anyone has actually received their order.
is there any way to get an asics?
You can still make a profite on BTC, but many things will change, BTC value, ASIC rigs, difficulty.
But there are many other currancies out there.
But there are many other currancies out there.
Is mining Litecoin or Bitcoin still profitable?
yes...
see this, plug in your info
http://dustcoin.com/mining
Mining feathercoins right now, quite profitable right now.
My major issue which effects my efficiency is the amount of hackers and the denial of service attackers out there.
Any mining pool that is doing the popular coin of the day will be attacked, i've hopped from one pool to another and i've experienced issues with all of them.
My major issue which effects my efficiency is the amount of hackers and the denial of service attackers out there.
Any mining pool that is doing the popular coin of the day will be attacked, i've hopped from one pool to another and i've experienced issues with all of them.
Ive also recently started mining again. I mined last in 2011, made 3 coins off a 9600GT in like 2 weeks, good old days with low difficulty xD... come back 2013 with a 7970 + 5870 averaging 1.05 GH, 2-3weeks straight mining i have 0.5 coins xD, taking in to account i did gamble off 0.2 coins 
.. but non-the less i am enjoying it and im now in it for the long run
.. but non-the less i am enjoying it and im now in it for the long run
Except if you have an ASIC, mining bitcoins is hardly profitable now (as BTC price is relatively low currently and mining difficulty is high due to many ASICs mining)
Mining with good amd gpu's is still profitable especially the last few days with the alt coin craze. I wouldn't expect this to last but feathercoin was 400% more profitable to mine than bitcoin almost all of yesterday and china coin was 1000% more profitable than bitcoin all day today. With my 4.5 kh/s, chinacoin made me about 2 bitcoins today by immediately exchanging mined chinacoins for bitcoins.
However, by buying hardware now you would still be making a bet on how long people are going to be entertained by these new alt coins which really don't offer anything new. At current exchange rates a single 7970 will make you about $5.33 a day mining litecoins or $3.51 a day mining bitcoin (not factoing in power costs) and this rate is generally going down as the difficulty keeps rising.
However, by buying hardware now you would still be making a bet on how long people are going to be entertained by these new alt coins which really don't offer anything new. At current exchange rates a single 7970 will make you about $5.33 a day mining litecoins or $3.51 a day mining bitcoin (not factoing in power costs) and this rate is generally going down as the difficulty keeps rising.
Yeah I just switched from bitcoin mining to litecoin myself. Gave me a couple extra dollars per day than mining bitcoin.
Mining with good amd gpu's is still profitable especially the last few days with the alt coin craze. I wouldn't expect this to last but feathercoin was 400% more profitable to mine than bitcoin almost all of yesterday and china coin was 1000% more profitable than bitcoin all day today. With my 4.5 kh/s, chinacoin made me about 2 bitcoins today by immediately exchanging mined chinacoins for bitcoins.
However, by buying hardware now you would still be making a bet on how long people are going to be entertained by these new alt coins which really don't offer anything new. At current exchange rates a single 7970 will make you about $5.33 a day mining litecoins or $3.51 a day mining bitcoin (not factoing in power costs) and this rate is generally going down as the difficulty keeps rising.
However, by buying hardware now you would still be making a bet on how long people are going to be entertained by these new alt coins which really don't offer anything new. At current exchange rates a single 7970 will make you about $5.33 a day mining litecoins or $3.51 a day mining bitcoin (not factoing in power costs) and this rate is generally going down as the difficulty keeps rising.
I would mine Litecoins, except that every miner out there was written with trojan code (not the malicious kind, just to connect to everyone apparently) and the only way to get past it is to uninstall my virus protection..
What antivirus are you using? Microsoft Security Essentials doesn't have any problem with LTC miners...
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