Author

Topic: Newbie question about the future of mining (Read 619 times)

newbie
Activity: 17
Merit: 0
December 31, 2013, 08:55:40 PM
#8
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.

Well. from what I see the best cards can pull out about 700 MH/s, which is not much comparing to the 30GB/s ASIC. + the difference in price between those two isnt that high as I would have expect it to be Sad

You can GPU mine Scrypt altcoins and exchange to Bitcoin. Mining Bitcoin directly with GPU is not profitable

oh okay Smiley

which alt would You suggest then to dig? and what income should I expect lets say after month of using 5 * 700 MH/s machines? Couldnt find any calculators for that
http://bitcoinwisdom.com/litecoin/calculator
newbie
Activity: 47
Merit: 0
December 31, 2013, 07:34:52 PM
#7
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.

Well. from what I see the best cards can pull out about 700 MH/s, which is not much comparing to the 30GB/s ASIC. + the difference in price between those two isnt that high as I would have expect it to be Sad

You can GPU mine Scrypt altcoins and exchange to Bitcoin. Mining Bitcoin directly with GPU is not profitable

oh okay Smiley

which alt would You suggest then to dig? and what income should I expect lets say after month of using 5 * 700 MH/s machines? Couldnt find any calculators for that
sr. member
Activity: 406
Merit: 250
December 31, 2013, 06:54:17 PM
#6
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.

Well. from what I see the best cards can pull out about 700 MH/s, which is not much comparing to the 30GB/s ASIC. + the difference in price between those two isnt that high as I would have expect it to be Sad

You can GPU mine Scrypt altcoins and exchange to Bitcoin. Mining Bitcoin directly with GPU is not profitable

This. 

And if you have no interest in altcoins (which why should you? they are shit) then you can use a pool like middlecoin.com to mine Scrypt directly for Bitcoin.

GPU mining SHA256 is a complete waste of hashing power and electricity now.
full member
Activity: 191
Merit: 100
Dadice Fixed Rate.
December 31, 2013, 06:48:46 PM
#5
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.

Well. from what I see the best cards can pull out about 700 MH/s, which is not much comparing to the 30GB/s ASIC. + the difference in price between those two isnt that high as I would have expect it to be Sad

You can GPU mine Scrypt altcoins and exchange to Bitcoin. Mining Bitcoin directly with GPU is not profitable
newbie
Activity: 47
Merit: 0
December 31, 2013, 06:40:33 PM
#4
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.

Well. from what I see the best cards can pull out about 700 MH/s, which is not much comparing to the 30GB/s ASIC. + the difference in price between those two isnt that high as I would have expect it to be Sad
sr. member
Activity: 406
Merit: 250
December 31, 2013, 05:50:32 PM
#3
It all depends on the difficulty.  It's rather easy to project what the next difficulty jump will be, however it is much less accurate to predict where the difficulty will be in a few months, a year, etc.

Edit:  if you want to mine for profit, I suggest a Scrypt GPU mining rig for starters.  Cheap, you can resell the GPUs, and they are profitable.  ASICs are much more unpredictable and have little-to-no resale value after they become obsolete.
hero member
Activity: 1372
Merit: 783
better everyday ♥
December 31, 2013, 05:48:13 PM
#2
Hi there,

Just reading the forum, by calculators, and ever increasing difficulty, the Cube probably won't ROI(around $1k or so with 200W/hr electricity).  30 GH/s won't be enough to mine BTC for profit.  You'd definitely need a beefier ASIC or can go the Altcoin route instead.  Some mining calculators to help you decide:

http://mining.thegenesisblock.com/

btcinvest.net/en/bitcoin-mining-profit-calculator.php


Good luck and Happy New Year!

Chuck
newbie
Activity: 47
Merit: 0
December 31, 2013, 05:31:37 PM
#1
Hello everyone Smiley

I know that everything here is pretty easy to change, but do You think mining will still be profitable it in let's say 1 year? (talking about cheap machines, like 30GH/s Block Erupter Cube)


Cheers
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