Correct. Profit on monero with current (public) miners is nil with current GPU / CPU performance.
I can tell you/anyone this much: noone is giving up their cash cow coin.
Topic: Mining with GPU --- What should I do? - page 2. (Read 4389 times)
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Monero. 
The profit seems to be as bad for mining monero.
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Monero. 
Thanks, so what is the best algorithm to do with GPU right now?
they said monero, xcn also isn't bad
Thanks, so what is the best algorithm to do with GPU right now?
Hello Hannan,
my country is severely limiting free market in various ways so I cannot neither buy nor sell cryptos.
As a result I'm interested in cryptos for the future value that might provide to me as an user.
I'm currently mining MYR. Perhaps I will do some Digibyte, VTC and Monero in the future.
At .14c/kWh my operating costs are more than twice as the value of generated coins but considering we're talking about 1€/week, I still think this is the best way to get some without going through the legal minefield that's my country nonsensical legislation and I think those coins hold considerable potential.
my country is severely limiting free market in various ways so I cannot neither buy nor sell cryptos.
As a result I'm interested in cryptos for the future value that might provide to me as an user.
I'm currently mining MYR. Perhaps I will do some Digibyte, VTC and Monero in the future.
At .14c/kWh my operating costs are more than twice as the value of generated coins but considering we're talking about 1€/week, I still think this is the best way to get some without going through the legal minefield that's my country nonsensical legislation and I think those coins hold considerable potential.
I'm still not sure what have to do yet.. I'm getting electricity for next to nothing so that is not an issue.. but something worth to put them in work... Any interesting coin to mine?
it seems the country I'm from (Iran) selling them is not a great option though :/
it seems the country I'm from (Iran) selling them is not a great option though :/
And easily centralized.
Nonetheless, with HDD prices slumbering and the very easy latency requirements, I suspect spinning-platter storage manufacturers might want to jump on that.
Perhaps I could use my ARC1230... with the mainboard that should give me 20 HDDs per rig and I have extra PCI and PCIex slots available... still nothing compared to whoever can afford a SAN...
Nonetheless, with HDD prices slumbering and the very easy latency requirements, I suspect spinning-platter storage manufacturers might want to jump on that.
Perhaps I could use my ARC1230... with the mainboard that should give me 20 HDDs per rig and I have extra PCI and PCIex slots available... still nothing compared to whoever can afford a SAN...
maybe the future is hard disk mining, better to watch now and not cry later
Hard disk mining is too easily abused, I dont think so.
there is a limitation in memory, you can't really abuse it, if you mean using tons of hard disk with one rig, and at least the consumption is far lower
maybe the future is hard disk mining, better to watch now and not cry later
Hard disk mining is too easily abused, I dont think so.
maybe the future is hard disk mining, better to watch now and not cry later
everyone is mining cryptonight and from what I can see that is most profitable unless you get lucky with timing on some X-? coin. I'm just wondering what the next big thing will be. Should be some new gpu's coming out soon that are more cost effective for power. but if coin prices surge than the equipment doesn't matter as much. The more financial market share crypto takes the more value there should be. But eventually big businesses will make their own mining farms and it will make coin mining by the lay person or even the person with 24+ gpus pretty irrelevant. That's 'if' and 'when' of course.
Try to only bring your miners up when needed and get into coins at launch. This way you can accumulate a lot of coins really quickly. This is totally a gamble but if even one of the coins you pick gets pumped you could be in for a windfall. Pick wisely, though. I have had a few I got in on early, got a bunch of coins, and they were quickly proven to be scams. Wasted electricity.
I took the advice of others and started small (2x R9 270s.) Got the rig about 2 months ago. Considering selling it now. HOWEVER, I got into CannabisCoin a day or two after it launched and mined a bunch of it. Now that it has pumped I have easily paid for my rig, electricity spent, and pocketed some cash. Off of one coin! I wish I would've used this strategy early on, before wasting my first few weeks mining scrypt and other high difficulty coins. My electricity is NOT cheap
I took the advice of others and started small (2x R9 270s.) Got the rig about 2 months ago. Considering selling it now. HOWEVER, I got into CannabisCoin a day or two after it launched and mined a bunch of it. Now that it has pumped I have easily paid for my rig, electricity spent, and pocketed some cash. Off of one coin! I wish I would've used this strategy early on, before wasting my first few weeks mining scrypt and other high difficulty coins. My electricity is NOT cheap
Use the site coinwarz . It will be of more help then generic answers you'll get from here.
Neoscrypt looks promising.
I'm also working on a GPU miner for a new coin coming out that could be worth it.
It's possible that GPU mining will become profitable again in the near future, if you can afford to hold on to those cards a little while longer.
Neoscrypt looks promising.
I'm also working on a GPU miner for a new coin coming out that could be worth it.
It's possible that GPU mining will become profitable again in the near future, if you can afford to hold on to those cards a little while longer.
You can still use them to mine some cryptonote coin, see e.g. Minergate (they also have profit calculator).
I though minergate is only for cpu mining and not gpu?
Now theier new GUI miner includes also GPU mining of cryptonotes, but I don't know which GPUs are supported. They also support external GPU miners though.
you made the big investment already now you only risk the costs of electricity .
even if the cost is high it is worth the risk since you already paid for the gear and no one will buy it as you stated ..
as i see it this is the smartest move
try selling it bit by bit to reduce your risk not at less then 50% of the cost however meanwhile keep mining try to focus on new coins that look promising and wait for the next price rise if it will come ..
good luck man i joined the mining game late like yourself however with a couple of smart investments in the right coins i managed to almost reach my ROI .
even if the cost is high it is worth the risk since you already paid for the gear and no one will buy it as you stated ..
as i see it this is the smartest move
try selling it bit by bit to reduce your risk not at less then 50% of the cost however meanwhile keep mining try to focus on new coins that look promising and wait for the next price rise if it will come ..
good luck man i joined the mining game late like yourself however with a couple of smart investments in the right coins i managed to almost reach my ROI .
You can still use them to mine some cryptonote coin, see e.g. Minergate (they also have profit calculator).
I though minergate is only for cpu mining and not gpu?
You can still use them to mine some cryptonote coin, see e.g. Minergate (they also have profit calculator).
Hi guys,
We bought 24 -- R9 280x cards and by the time we got them the difficulty for Litecoin went so high.. and we haven't use them since then.. also no one would buy them in my country even half the price.
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Would be great if you can help me out
Thanks
We bought 24 -- R9 280x cards and by the time we got them the difficulty for Litecoin went so high.. and we haven't use them since then.. also no one would buy them in my country even half the price.
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Would be great if you can help me out
Thanks
More importantly, how much is your electricity cost/kwh? If its low enough you can try mine and get some profit out of it.
Hi guys,
We bought 24 -- R9 280x cards and by the time we got them the difficulty for Litecoin went so high.. and we haven't use them since then.. also no one would buy them in my country even half the price.
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Would be great if you can help me out
Thanks
We bought 24 -- R9 280x cards and by the time we got them the difficulty for Litecoin went so high.. and we haven't use them since then.. also no one would buy them in my country even half the price.
I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?
Would be great if you can help me out
Thanks
You got no choice but to try hard to sell it, the price is dropping each day as we speak.
It is sad but true. There are many lucky gamers out there getting cards very cheap (if they have not been push to hard).
Some advice on selling include copy of invoice and you will get a little more it seems if your still in warranty with your brand.
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