Topic: It seems everybody who has GPUs is mining with free electricity (Read 2036 times)
Some people in the north mines as it generates free heat.
February 06, 2015, 12:07:59 AM
Yeah and some people are just out to get coins because they don't care about costs or because someone else is paying the costs for them. Just think of all the random GPUs in random houses where some tech-oriented teenager has his/hers and their parents computer armed with an overpowered GPU lol
February 05, 2015, 10:59:06 AM
As mentioned above, they dont pay the full electricity bill themselves. I tried mining for a little bit, got no where near covering the electricity costs 
Speak for yourself - if you're fast enough, it works out. EGOLD - one of NXT's MSCoins, was INSANE profitable for a good week.
Agree!... Mining is profitable only if a new coin can be instamined but that window period is very less.
February 05, 2015, 03:05:01 AM
Dont get me wrong, your right, but as you said, you gotta be QUICK, a lot of times in that situation, the profitability window closes real quick.
February 05, 2015, 12:54:29 AM
Your right, i stand corrected, allow me to rephrase. It is profitable to mine whilst paying the bills when a new coin comes out and block rewards are very high, but youneed to hope and pray said coin goes onto an exchange so you can insta dump 
February 04, 2015, 09:00:52 PM
As mentioned above, they dont pay the full electricity bill themselves. I tried mining for a little bit, got no where near covering the electricity costs
February 03, 2015, 09:59:15 PM
I just don't understand why there are so many GPU miners out there at these horrible profit levels.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
FPGAWith X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
/thread
January 31, 2015, 05:59:48 PM
In 2013 and in beginning of 2014 was mined lots of ltc and ftc with free electricity
but now its not profitable even with free electricity...
but now its not profitable even with free electricity...
January 31, 2015, 05:59:02 PM
Its either those GPU miners have free electricity or they have already made ROI .
Or they live in Finland...
January 31, 2015, 02:41:20 PM
Its either those GPU miners have free electricity or they have already made ROI .
January 31, 2015, 12:30:04 PM
I agree. Luckly, I must add.
I can confirm that a few people I knew used to mine at leeching electricity for somebody else. I still don't get how they can get through the 400-1000 bucks spent on useless cards. One only needs so much power to run games.
I can confirm that a few people I knew used to mine at leeching electricity for somebody else. I still don't get how they can get through the 400-1000 bucks spent on useless cards. One only needs so much power to run games.
January 31, 2015, 12:17:21 PM
some of them have free power for sure or very cheap one
but i don't see so many gpu miners anymore
but i don't see so many gpu miners anymore
January 31, 2015, 12:08:32 PM
Spreadcoin and NXT's MSCoins are profitable even at 0.11 USD per kWh - so no, we don't have free power, you just don't know what to mine.
Don't forget to mention you are almost always mining at a higher speed as 95% of the scene ;-)
So it's almost always profitable for you Wolf
In my case it's free electricity.
So yeah.
I meant with the stock miner - I, of course, will still be mining long after people paying half my power rate have sold off their shit.
If that happens, even more profit
January 31, 2015, 11:50:15 AM
most gpu miners are mining at loss or using their gpus to mine newly launched altcoins with hope of profit
those gpus become unuseable for mining after scrypt ASIC launched
those gpus become unuseable for mining after scrypt ASIC launched
January 31, 2015, 11:35:45 AM
Spreadcoin and NXT's MSCoins are profitable even at 0.11 USD per kWh - so no, we don't have free power, you just don't know what to mine.
Don't forget to mention you are almost always mining at a higher speed as 95% of the scene ;-)
So it's almost always profitable for you Wolf
In my case it's free electricity.
So yeah.
January 30, 2015, 10:27:20 PM
I just don't understand why there are so many GPU miners out there at these horrible profit levels.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
FPGA With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
January 30, 2015, 09:41:09 PM
I just don't understand why there are so many GPU miners out there at these horrible profit levels.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
I am pretty sure a lot of them are mining at a loss (parent or landlord pay the bills), or they are mining for the heat since its winter. But I never like the smell generated from GPU mining rig (you won't notice if you only have 1 rig, you will notice some metal smell if you have like 5-10).
January 30, 2015, 06:41:04 PM
I just don't understand why there are so many GPU miners out there at these horrible profit levels.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
With X11 or X13 or Neoscrypt you need electricity at 0.07KwH just to earn nothing.
Considering the fact that electricity of <0.07kwH is rare in most developed nations, why are there so many GPU miners out there.
I figured the difficulties would at least decrease and Darkcoin would be profitable again but with the recent BTC drop people are still out there mining.
So are there really that many miners out there that don't pay for power? Because it seems like the only logical explanation why the hashrates are sky-high.
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