Topic: October 2014. Are GPU rigs useless? - page 4. (Read 8434 times)

FTC was good for a bit.

sure aint no more, its now neoscrypt and nh now has neoscrypt too

Depends what you mean by "efficient."  Usually faster kernels use more power and therefore produce more heat, yes.  But, if by efficient you mean balancing power and output, a maxed out kernel and miner configuration is rarely most optimal.

And that usually means more heat and more energy. Am I right?

Right now, R9 290s are consistently profitable at $0.10/kwh.  Not greatly profitable, but they produce more then power costs while providing free heat.  This is based on publicly available mining software and immediate conversion to fiat.

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.

GPU will always be better than ASICS for the long term in my opinion.  AISCs get outdated very quick and become paper weights.  GPU always has some resale value and can mine all the new algos that will take months if not years to develop ASICs for.

My 750 Ti makes a bit of profit... When a coins difficulty drops and simultaneously its price goes up. Then I make 3-7¢ maybe.

only worth this point if y ou have free elec, you can make around 0.0015~btc/day/280x...

No, with public miners, I can.

I also would like to see it at 11 cents making profit.  I pulled mine long ago with 10 cents.  Can you show profit being higher mining then just selling cards and buying? 
 
I sold my GPU's long ago.  I could have mined for a little longer and never made what I sold them for.    I think some gamers got a good deal when I sold all mine.

I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these?


Just because you invest in something doesn't mean you want to lose it, even if you can.

Oh, sorry. I assumed you meant with your private kernels. My bad.

home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.

A few rules of thumb to keep profitability where it should be and take back altcoin from penny-stock fraudsters

* stop mining/buying ipo coin (we know they are scams organized by p&d groups) and mining it is just giving credit to them.
* stop mining/buying coin which doesn't show any innovation

You might say that the other aren't profitable, but it is mostly the case because the money seems to go there... they are p&d scheme... so basically it just from the right pocket to the left pocket of some people...

So say no to scam coin...  
(because for a small one time profit, you kill your long term profit)

 

Pretty much... Mining is a sinking ship for miners right now. It doesn't help that every coin an their mom is PoS now. The big coins that have sailed through x11 and x13 to PoS is mind boggling. The only ones getting fucked are miners.

I'm definitely considering parting my rigs. 'Break Even' with power isn't breaking even. It doesn't include ROI; Outstanding loans and interest (if applicable) and the fact that you're sitting on a buttload of money in hardware which is constantly depreciating.


I don't think that will ever come around. With the invention of sites like Nicehash, miners that are dying off are sucking other miners down with them. People who use Nicehash don't have to worry about returns, so they'll pay as little as possible for coins pulling everything down with it until miners simply turn their miners off.

If you look at NH right now for instance, everything is super negative. I highly doubt those miners are paying a lot less in power then me, all have super optimized kernels, or super efficient hardware. They're just circling the drain and sucking everyone else down with them as they go. It will always gravitate towards the bottom. Even as difficulty decreases due to less miners, it will still equalize with power rates, as the only ones who will make more money are NH users and not miners, especially considering that the market is essentially run by bots. The cycle continues over and over again till we're just left with average joes mining on their CPUs on a whim.

The hardware war of ASICs doesn't exist in the GPU scene, so buying your way to the top doesn't work. We're all stuck with the same hardware.

If there was any one thing responsible for the death of GPU mining right now I'd say it's cloud mining like NH. It gives miners that don't know where to find coins a glimmer of hope where there is none and people who can find coins the ability to suck them dry.

I tried many coins and now i can seriously say they are useless atm.

gpu mining will remain dead as long as gpu miners keep selling way below profitability rather than not selling at all (which would lead to higher price... but hey... gpu miner have only bills no self esteem and are definitely short sighted )
If miners sells their unused gpu in the same spirit they sell coins, we should see soon lots of 750ti at 10euros...  

So if gpu mining is dying it is mostly the fact of miners themselves, don't blame the market for your wrong doing and poor skills in selling your coins...

just in case: I'd be happy to buy 2 gtx980 for 20euros, so pm me if interested, this offer will last only today (the market so low, it is a very good deal no way you could sell them higher than that fud fud fud...  )

Not the case; I'm turning a profit at $0.11 USD per kWh.

also 0.11 per kwh isn't something special, unless you are running  mega farm, it's like mining air anyway