Still money in mining | Bitcointalksearch.org

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: grosskate on June 11, 2013, 04:52:19 AM

i think in about 2months i ll switch to litecoin mining with my GPU. There would be no point in mining bitcoin woth gpu anymore. Thanks to the asics.

Do you guys know of a cool gui litcoin mining prog ??

Thanks

I think performance > appearance when it comes to mining.

finalmente

newbie

Activity: 4

Merit: 0

Litecoin mining is the way to go right now (or some other alt coin such as FTC). Right now a 7950 will mine about 1 ltc a day depending on pool luck and cost anywhere between $0.20-$0.40 a day depending on how much your electricity costs and whether you've undervolted the card to gain better hashes/watt. Even if you were to mine Bitcoin with the 7950, you'd still end up with around 90% of the value (converted to fiat) compared to Litecoin at today's difficulty according to dustcoin/coinwarz.

cryptofreak

newbie

Activity: 14

Merit: 0

Mining is forever.

grosskate

newbie

Activity: 32

Merit: 0

i think in about 2months i ll switch to litecoin mining with my GPU. There would be no point in mining bitcoin woth gpu anymore. Thanks to the asics.

Do you guys know of a cool gui litcoin mining prog ??

Thanks

Devnant

member

Activity: 118

Merit: 10

Quote from: tinus42 on May 28, 2013, 11:53:25 AM

You can also invest in mining shares.

Asicminer pays out nice dividends (40% per annum!) and they have proved to be trustworthy. They also sell their own designed hardware so they don't only get income from mining.

Their shares are available at Bitfunder.com, Btct.co and Havelockinvestments.com.

To me it makes more sense to buy these than spend the money on a mining rig. Unless you already have a high end gaming PC and cheap electricity. You have to earn back the cost of the rig and the hardware depreciates in value. Whilst the Asicminer shares may appreciate in value (or maybe not). It's the dividend I find interesting though.

Disclaimer: I hold several of these shares. Do your own research to see if it is a good investment to make. Both buying and operating a mining rig and buying shares are an investment which you may or may not redeem.

That´s exactly what I was looking for. Thank you so much!

tinus42

hero member

Activity: 784

Merit: 501

You can also invest in mining shares.

Asicminer pays out nice dividends (40% per annum!) and they have proved to be trustworthy. They also sell their own designed hardware so they don't only get income from mining.

Their shares are available at Bitfunder.com, Btct.co and Havelockinvestments.com.

To me it makes more sense to buy these than spend the money on a mining rig. Unless you already have a high end gaming PC and cheap electricity. You have to earn back the cost of the rig and the hardware depreciates in value. Whilst the Asicminer shares may appreciate in value (or maybe not). It's the dividend I find interesting though.

Disclaimer: I hold several of these shares. Do your own research to see if it is a good investment to make. Both buying and operating a mining rig and buying shares are an investment which you may or may not redeem.

jmutch

full member

Activity: 196

Merit: 100

BFL? if you invest now expect to be waiting awhile. I've been waiting since last august...

joeperry

sr. member

Activity: 2282

Merit: 470

Telegram: @jperryC

I thinK so, and even if balance is negative Ill do for a long time, because I expect that price of BT will raise next year.

therealjonnyd

newbie

Activity: 32

Merit: 0

Quote from: rtt on May 28, 2013, 12:02:27 AM

Quote from: megadeth92 on May 27, 2013, 11:55:04 PM

I was searching for other companies that make ASIC miners (differente of butterflylabs, avalon)...., but I can't find any..
Someone knows about other ones?

USB-dongle miner here: https://bitcointalk.org/index.php?topic=217104.0;all

You said "dongle" hahaha, that's a funny word.

therealjonnyd

newbie

Activity: 32

Merit: 0

Alt coins are good to immediately trade for BTC as said above. When the ASIC devices hit the network, altcoins *might* stay profitable for a bit with GPU's.

neordicICE

hero member

Activity: 505

Merit: 500

Quote from: Markov on May 28, 2013, 07:04:31 AM

How about alt currency?

These are only good for GPU and converting to Bitcoin immediately

rtt

newbie

Activity: 48

Merit: 0

Quote from: rtt on May 28, 2013, 12:02:27 AM

Quote from: megadeth92 on May 27, 2013, 11:55:04 PM

I was searching for other companies that make ASIC miners (differente of butterflylabs, avalon)...., but I can't find any..
Someone knows about other ones?

USB-dongle miner here: https://bitcointalk.org/index.php?topic=217104.0;all

I wouldn't mind purchasing one of these sticks or a couple, but I don't want to buy 50 in one go Sad

---------------------------------
Please search for "Group Buy", such as this one (closing shortly): https://bitcointalksearch.org/topic/closed-group-buy-batch-one-asicminer-block-erupter-usb-international-201577
People get together and order the required number on these forums (was 300 min, now 50 min) from AsicMiner.

tzh2231

newbie

Activity: 47

Merit: 0

I think recent math is roughtly break even on about 25c/kwh electricity?
anything above 15c electricity makes GPU mining like a chicken rib.

Quote from: bt_spectro on May 27, 2013, 01:48:17 PM

Quote from: JayKEy00 on May 27, 2013, 01:15:13 PM

Hey guys,

is there still money in mining or do you get only the costs of computer and energy back?

For GPU mining, it depends on your electricity cost. Run the numbers based on cost of electricity, hash rate and price of bitcoin.

The consensus around here is GPU mining is no longer worth the cost, but I ran the numbers and figured that even if difficulty triples, at current bitcoin prices I will still make some money by keeping my computers on, something I already do anyways Grin