Topic: Profitability - Scrypt altcoin mining (Read 1340 times)
Sometimes you need to mine and bet too, because keeping coins and having luck, means that the price can possibly skyrocket later
I happen to mine scrypt coins with about 10000 khs, I just ordered a 5mhs Alpha T rig, not because I think it will make me a lot of money, but because I know that if these guys come through then I'll be offered first dibs on batch 2's and then I'll stock up.. the thing is though, if these guys do come through then my 10000KHS will be worth bupkis.
so if they come through then maybe you have at max 6 months of gpu mining left, if not then GPU to the MOON!
so if they come through then maybe you have at max 6 months of gpu mining left, if not then GPU to the MOON!
Mining alt coins could still be profitable in 2014, but just in small time windows. When one is highly profitable, a lot of people start mining it until the margins are very small. In other words, you have to be lucky and will probably make at best a very small profit.
IMO scrypt mined coins are losing their advantage over sha256 mined coins. It was first only considered to work efficient on CPU, but was an incorrect assumption. On GPU it is mined much faster, and ASICs are also coming (more expensive however). I think soon most of those coins are dead.
IMO scrypt mined coins are losing their advantage over sha256 mined coins. It was first only considered to work efficient on CPU, but was an incorrect assumption. On GPU it is mined much faster, and ASICs are also coming (more expensive however). I think soon most of those coins are dead.
2 projects which looks like to reach the goal :
- http://ltcgear.com/ less power comsumption, but the only way to have a ROI on it will be to mine with them many months
- https://alpha-t.net/ less power consumption and a similar Hashpower regarding a rig with GPU (6x7970)
lot of pre order but do it will be a "BFL-like" ? We'll have the response during Q2/3. Add the time of all the deliveries we go through 2014.
- http://ltcgear.com/ less power comsumption, but the only way to have a ROI on it will be to mine with them many months
- https://alpha-t.net/ less power consumption and a similar Hashpower regarding a rig with GPU (6x7970)
lot of pre order but do it will be a "BFL-like" ? We'll have the response during Q2/3. Add the time of all the deliveries we go through 2014.
hi,
Imo, definitively yes! but not for long time. through 2014 yes but after it depends on the asic's dedicated to scrypt mining. Some projects seems to be productive soon.
So even if they are released, we have few month to enjoy our gpus, but then it will be the race for that asics. But they won't be able to increase the hashrate by a significant way, more focused on power consumption.
At the moment the production of gpu is limited and its protect us of a large increase in the network hash in my mind!
Actually Bitcoin is gaining momentum and all the altcoin are involved due to the growing community. More people are aware about what we are doing more it will be profitable.
PS: sorry for my english^^
Imo, definitively yes! but not for long time. through 2014 yes but after it depends on the asic's dedicated to scrypt mining. Some projects seems to be productive soon.
So even if they are released, we have few month to enjoy our gpus, but then it will be the race for that asics. But they won't be able to increase the hashrate by a significant way, more focused on power consumption.
At the moment the production of gpu is limited and its protect us of a large increase in the network hash in my mind!
Actually Bitcoin is gaining momentum and all the altcoin are involved due to the growing community. More people are aware about what we are doing more it will be profitable.
PS: sorry for my english^^
I would also like to have some answers about perpectives of mining scrypt coins with ASIC hardware. Are those real or only voices?
Recently almost all altcoins have seen a massive drop in value. The difficulties of mining them haven't dropped as far and are often rising faster than coins value.
My question is if u guys think mining with high-end GPU's will stay profitable in lets say 6 months to 1 year ? And if so, why ?
My question is if u guys think mining with high-end GPU's will stay profitable in lets say 6 months to 1 year ? And if so, why ?
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