October 2014. Are GPU rigs useless? | Bitcointalksearch.org

Wolf0

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Merit: 1002

It was only the wind.

Quote from: Thirtybird on December 16, 2014, 12:47:43 PM

Quote from: Thirtybird on December 14, 2014, 11:13:58 PM

Multicle Scrypt-Chacha coins - YACoin, Ultracoin, (was YBCoin and Cachecoin). The trick is to have low power GPUs with lots of memory - check my post history for all the details (granted, you're almost a year late to this train). Profitability for this month is down, but I'll cover electricity for the month at the 2.5 week mark instead of the two week mark.

Already did mate!

Just saw - surprising.

Wolf0

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Activity: 81

Merit: 1002

It was only the wind.

Quote from: Bananana on December 15, 2014, 10:30:15 AM

Quote from: BitmoreCoin on December 13, 2014, 09:06:41 AM

Quote from: adaseb on December 13, 2014, 12:06:57 AM

Quote from: Thirtybird on December 12, 2014, 11:52:10 PM

I guess I'm one of the few who is still profitably mining using GPUs. My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345. The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me.

No private kernels - everything I've done code-wise is available. I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Same question. I think the profit is marginal.

Would like to know this too, profit has dropped again on December so I guess its break even now?

Yeah, cause he's gonna tell people.

Callahan

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Only with free electricity, if you pay it, you lose money

DuddlyDoRight

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Don't the $100.00 USB 500GH/s and NIC $350.00 TH/s configurations on ebay make expensive graphics accelerators obsolete in mining?

sp_

legendary

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Team Black developer

Asics are borring. Impossible to Roi. Gpu's are advancing. Donate some beers, and we upgrade the performance

. Klaus_t and me just gave you Vtc +12% more hash for Nvidia. @github. In Software....

adaseb

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I sold VTC because looking at the weekly chart, it does nothing but go down. Just like any other currency out there.

Bananana

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Quote from: healtheworld on December 19, 2014, 07:49:16 AM

now mining the coin seems is waste time and money

Not really, a lot of people mine cause they still have positive profit (cheap electricity). So its not profitable for you I guess?

healtheworld

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now mining the coin seems is waste time and money

djm34

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Quote from: adaseb on December 19, 2014, 03:11:51 AM

Yeah VTC was very profitable in the first 6 hours but now its a crap-shoot. The price fell so much before I could sell.

so why sell ? You understand that you are just making it even more unprofitable (and not the other way around...) Roll Eyes

asic was able to rape vtc, without much depreciation and a bunch of gpu miners can't keep their coins more than hour... and complain it isn't profitable...
"so unprofitable... lets dump " right...

The problem is really the miners not the coins/algo/electricity bill

adaseb

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Yeah VTC was very profitable in the first 6 hours but now its a crap-shoot. The price fell so much before I could sell.

cloverme

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SpacePirate.io

Does anyone remember that link to the site that showed which coins to mine with a GPU rig?

BitmoreCoin

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Quote from: Amph on December 18, 2014, 01:33:11 PM

Quote from: HCLivess on December 18, 2014, 09:20:59 AM

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

i checked that new algo, and vertcoin is still un-profitable even with it, there is just not enough interest in it, no matter the algo, based on that lyre2re asic won't come out anytime soon

The dumping is relentless. Mining VTC is not profitable at al for most miners. Maybe some miners have free electricity.

Amph

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Quote from: HCLivess on December 18, 2014, 09:20:59 AM

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

i checked that new algo, and vertcoin is still un-profitable even with it, there is just not enough interest in it, no matter the algo, based on that lyre2re asic won't come out anytime soon

Equate

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Quote from: HCLivess on December 18, 2014, 09:20:59 AM

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

ASIC resistance won't matter if GPU mining profits keep on sinking down.

HCLivess

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Activity: 2114

Merit: 1090

=== NODE IS OK! ==

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

Thirtybird

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Activity: 693

Merit: 500

Quote from: Thirtybird on December 14, 2014, 11:13:58 PM

Multicle Scrypt-Chacha coins - YACoin, Ultracoin, (was YBCoin and Cachecoin). The trick is to have low power GPUs with lots of memory - check my post history for all the details (granted, you're almost a year late to this train). Profitability for this month is down, but I'll cover electricity for the month at the 2.5 week mark instead of the two week mark.

Already did mate!

Bananana

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Activity: 481

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Quote from: BitmoreCoin on December 13, 2014, 09:06:41 AM

Quote from: adaseb on December 13, 2014, 12:06:57 AM

Quote from: Thirtybird on December 12, 2014, 11:52:10 PM

I guess I'm one of the few who is still profitably mining using GPUs. My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345. The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me.

No private kernels - everything I've done code-wise is available. I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Same question. I think the profit is marginal.

Would like to know this too, profit has dropped again on December so I guess its break even now?

Thirtybird

hero member

Activity: 693

Merit: 500

Multicle Scrypt-Chacha coins - YACoin, Ultracoin, (was YBCoin and Cachecoin). The trick is to have low power GPUs with lots of memory - check my post history for all the details (granted, you're almost a year late to this train). Profitability for this month is down, but I'll cover electricity for the month at the 2.5 week mark instead of the two week mark.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: adaseb on December 13, 2014, 12:06:57 AM

Quote from: Thirtybird on December 12, 2014, 11:52:10 PM

I guess I'm one of the few who is still profitably mining using GPUs. My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345. The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me.

No private kernels - everything I've done code-wise is available. I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Same question. I think the profit is marginal.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Thirtybird on December 12, 2014, 11:52:10 PM

I guess I'm one of the few who is still profitably mining using GPUs. My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345. The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me.

No private kernels - everything I've done code-wise is available. I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Topic: October 2014. Are GPU rigs useless? (Read 8434 times)