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.
Topic: October 2014. Are GPU rigs useless? - page 2. (Read 8434 times)
this isn't obvious
The main problem are multipool and them, they don't even look at the price and dump all the time.
(although it is ok for good coins where there is buy support, it prevents any grows of smaller coin).
Here is the problem.
And even though they aren't profitable to small miner, small miners who don't want to do their homework (meaning researching coins) jump on that and kill as well the market.
The other thing: sell walls
Just watch for fun on any coins, any exchanges all the small miners dumping at low price just to sell their dust before a whale (or a clever investor)... yeah small miner keep their coins until they start acting like morons on exchange...
The main problem are multipool and them, they don't even look at the price and dump all the time.
(although it is ok for good coins where there is buy support, it prevents any grows of smaller coin).
Here is the problem.
And even though they aren't profitable to small miner, small miners who don't want to do their homework (meaning researching coins) jump on that and kill as well the market.
The other thing: sell walls
Just watch for fun on any coins, any exchanges all the small miners dumping at low price just to sell their dust before a whale (or a clever investor)... yeah small miner keep their coins until they start acting like morons on exchange...
I don't think its the FPGA its simply miners turning on their GPUs because its cold right now and they want to heat their apartment.
The largest difficulty increase was when the snow fell not before that.
If FPGA existed on a large scale, X11 would be very close to Scrypt.
The largest difficulty increase was when the snow fell not before that.
If FPGA existed on a large scale, X11 would be very close to Scrypt.
Yeah, I actually thought it was stupid to buy into ASICs originally as you need to keep turning them over and reselling them to keep up with the game, but at this point it seems as though I backed the wrong horse. I honestly didn't expect so many people to keep their rigs as space heaters for winter. It seems now that ASICs were the better solution simply as people didn't play hanky-panky with them by subsidizing their heating costs. It doesn't help that the people tweaking the the algos don't care about efficiency either (check the other threads and this one).
More hash doesn't mean anything (all else being equal) when it's at the cost of higher power usage. The only exception to this is compared to maxwell, which is where hash/watt comes into things.
More hash doesn't mean anything (all else being equal) when it's at the cost of higher power usage. The only exception to this is compared to maxwell, which is where hash/watt comes into things.
Oh, we care. You're simply asking for the impossible.
To achieve what you want, we would first need to make the algo faster - using more power - then cripple it using something like memory reads to bring it back down to the original hashrate, but with lower power use.
Could it be done? Sure, but then someone will edit out the obviously stupid memory reads and have a better hashrate, at the cost of a little more power. And if they release it, then you're back to what you don't want.
Wrong. Big farmers dump their altcoins to pay the electricity bill. Gamers and small miners keep them, and secure the coins blockchain. Private kernals are destroying the altcoin marked.
I currently sort of agree.As a side note: it seems reasonable to me the whole X11 FPGA rumors might currently be just elite kernels but that's another rumor I like to watch... sort of like the chemtrails bullshit.
It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.
attracting attention isn't good for profit either Wrong. Big farmers dump their altcoins to pay the electricity bill. Gamers and small miners keep them, and secure the coins blockchain. Private kernals are destroying the altcoin marked.
It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.
attracting attention isn't good for profit either Mine #NeoScrypt with your GPU rigs. #Feathercoin #Phoenixcoin or #UFOcoin.
This is not twitter.
It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.
Do you have hard data willing to share?
only way to gain profit is neoscrypt
need to build solar panel if want continue GPU rigs
Amen to that, I'll come back to mining one day, in a house with walls made from solar panels
I find selling solar panel's power back to the grid is a better investment. And you don't need to do anything...
Mining is not profitable for most people.
need to build solar panel if want continue GPU rigs
Amen to that, I'll come back to mining one day, in a house with walls made from solar panels
Solar power is indeed the best option but intial setup is expensive .
need to build solar panel if want continue GPU rigs
Amen to that, I'll come back to mining one day, in a house with walls made from solar panels
I find selling solar panel's power back to the grid is a better investment. And you don't need to do anything...
need to build solar panel if want continue GPU rigs
Amen to that, I'll come back to mining one day, in a house with walls made from solar panels
ASICs are a good ROI if you know the right time to buy and sell them. If you keep them too long you will lose money big time
Mine #NeoScrypt with your GPU rigs. #Feathercoin #Phoenixcoin or #UFOcoin.
This is not twitter.
- just like #!
Yeah, I actually thought it was stupid to buy into ASICs originally as you need to keep turning them over and reselling them to keep up with the game, but at this point it seems as though I backed the wrong horse. I honestly didn't expect so many people to keep their rigs as space heaters for winter. It seems now that ASICs were the better solution simply as people didn't play hanky-panky with them by subsidizing their heating costs. It doesn't help that the people tweaking the the algos don't care about efficiency either (check the other threads and this one).
More hash doesn't mean anything (all else being equal) when it's at the cost of higher power usage. The only exception to this is compared to maxwell, which is where hash/watt comes into things.
More hash doesn't mean anything (all else being equal) when it's at the cost of higher power usage. The only exception to this is compared to maxwell, which is where hash/watt comes into things.
Mine #NeoScrypt with your GPU rigs. #Feathercoin #Phoenixcoin or #UFOcoin.
I picked up some ASICS and replaced my GPU farm. I found that mining GPU coins was not profitable anymore. Unfortunately I will probably never see ROI on my ASICS. So I would have to say all mining is not profitable if you calculate equipment costs + electricity. I do it for speculation and hope. I hope the prices go up and I really hope the coins I'm mining and holding go to the moon.
I also believe this trend of low prices is only temporary and will pick up again in the next two years.
I also believe this trend of low prices is only temporary and will pick up again in the next two years.
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