Mining with GPU --- What should I do? - page 3.

DMeeks

member

Activity: 116

Merit: 10

Quote from: Hannan on August 23, 2014, 10:07:19 PM

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

You got no choice but to try hard to sell it, the price is dropping each day as we speak.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Wexlike on August 24, 2014, 02:47:04 PM

LOL ! You should really plan your investments a "little" bit better in advance. If your electricity is cheap, then mine monero. I think this is the only coin/algo that can give you a ROI. Everything else is pretty much throwing money out of the window.

Keep in mind the card will go down in value as you are mining. At some point you have to cut your loss.

Without knowing your electricity and cooling I cannot say what is best.

Wexlike

legendary

Activity: 1473

Merit: 1086

LOL ! You should really plan your investments a "little" bit better in advance. If your electricity is cheap, then mine monero. I think this is the only coin/algo that can give you a ROI. Everything else is pretty much throwing money out of the window.

MaxDZ8

hero member

Activity: 672

Merit: 500

^+1
And perhaps Lyra2

ChekaZ

legendary

Activity: 1884

Merit: 1005

Just wait, you can use them soon again Wink

#NeoScrypt

Altcoinadicted

newbie

Activity: 1

Merit: 0

How much are you asking for your cards ?

Bananana

sr. member

Activity: 481

Merit: 250

Quote from: Hannan on August 23, 2014, 10:07:19 PM

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

which country are you from? If u happen to be close to me I can buy them..

MaxDZ8

hero member

Activity: 672

Merit: 500

Terrible planning. You should have run your numbers before buying such a large quantity.
Your only hopes at this point are:

keep on mining and hope the price will go up: I can tell there are some alts for which running costs are almost on the same order of magnitude as the produced coins;
try super extra hard and get the (very likely to exist) elite kernels for the coin of your choice - good luck at that!

Given your initial investment, terminating mining operation just because of the running costs is basically nonsense. You have made your bet already.

Amph

legendary

Activity: 3248

Merit: 1070

you bought too many , you should have started with a few and then increase with the profit that you could have made

Langly

full member

Activity: 213

Merit: 100

I've found some tiny backwater multi algo coin that keeps hitting min diff for scrypt, been doing 100k sat a day or more, yeah not a lot, but using only 75kh scrypt, and even that sometimes brings the diff back up, I actually need LESS power on it to make more. Actually tempted to get a dualminer USB for like $12 just to use on it, but I hear those burn out quickly a lot.

notlist3d

legendary

Activity: 1456

Merit: 1000

Sadly with that amount it will take really cheap electricity to mine for profit. With removing heat, and powering GPU's it is hard now days for most to be profitable.

I sold off my GPU's and went with scrypt asic. Much more efficient on electricity and I can mine with profit.

I would cut loses and sell cards myself, unless you have very very cheap electricity.

atp1916

legendary

Activity: 854

Merit: 1000

The "it is what it is" statement of these times is that noone is going to give up their personal cashcow coin. A couple months back when there were fewer miners and more profit to be made, these types of questions were more directly answered.

What it comes down to is that if it's my ROI vs your ROI or my profit vs your profit, i have to look out for my own. I say this not to be a jerk, but i see these posts all the time now and i have to shake my head. I don't typically respond to them (this is one of the first), but i feel the need for frankness concerning the truth here.

That being said, the altcoin section of this forum is all you need. The other thing you need is basically free rent / electricity, so hopefully you have that working for you.

Good luck

Hannan

full member

Activity: 166

Merit: 100

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

Topic: Mining with GPU --- What should I do? - page 3. (Read 4389 times)