Still worth buying GPUs? | Bitcointalksearch.org

Ultrabat

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Quote from: eafindme on April 25, 2017, 08:29:42 AM

With some fine tuning, and since AMD cards are more efficient than before, mining with GPU can be a way to go with current altcoin price, but it still depends since no one knows what will happen next to the altcoin prices.

One more thing, if GPU mining becomes outdated, it can be sold to budget gamers as a plan B to get back money, unlike ASIC machine, if the hardware outdated it will just become trash and no market value.

The problem is that the price of the altcoin might drop so it is not so profitable.

eafindme

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With some fine tuning, and since AMD cards are more efficient than before, mining with GPU can be a way to go with current altcoin price, but it still depends since no one knows what will happen next to the altcoin prices.

One more thing, if GPU mining becomes outdated, it can be sold to budget gamers as a plan B to get back money, unlike ASIC machine, if the hardware outdated it will just become trash and no market value.

Lanatsa

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Quote from: Ambros on March 20, 2017, 05:40:38 PM

Quote from: Lanatsa on March 20, 2017, 11:03:38 AM

Quote from: Ultrabat on March 09, 2017, 06:50:23 AM

Quote from: Lanatsa on January 06, 2017, 06:00:05 AM

Quote from: _ZET_ on December 24, 2016, 09:39:24 AM

It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

If you pay the 25% of the average electricity price, it is better to mine.

However, ROI is still a problem if the coin price is too low.

If the price of the Ethereum can be sustained in the next 6 months, it is profitable to buy the GPU.

There is now way to know now. In my personal experience you can always ROI in 7/8 months, every few month a new coin generates a new bubble, let's just know it will happen again in the future

That is true. That happened to ETH, XMR and other coins.

Ambros

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Quote from: Lanatsa on March 20, 2017, 11:03:38 AM

Quote from: Ultrabat on March 09, 2017, 06:50:23 AM

Quote from: Lanatsa on January 06, 2017, 06:00:05 AM

Quote from: _ZET_ on December 24, 2016, 09:39:24 AM

It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

If you pay the 25% of the average electricity price, it is better to mine.

However, ROI is still a problem if the coin price is too low.

If the price of the Ethereum can be sustained in the next 6 months, it is profitable to buy the GPU.

There is now way to know now. In my personal experience you can always ROI in 7/8 months, every few month a new coin generates a new bubble, let's just know it will happen again in the future

Lanatsa

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Quote from: Ultrabat on March 09, 2017, 06:50:23 AM

Quote from: Lanatsa on January 06, 2017, 06:00:05 AM

Quote from: _ZET_ on December 24, 2016, 09:39:24 AM

It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

If you pay the 25% of the average electricity price, it is better to mine.

However, ROI is still a problem if the coin price is too low.

If the price of the Ethereum can be sustained in the next 6 months, it is profitable to buy the GPU.

Ultrabat

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Quote from: Lanatsa on January 06, 2017, 06:00:05 AM

Quote from: _ZET_ on December 24, 2016, 09:39:24 AM

It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

If you pay the 25% of the average electricity price, it is better to mine.

However, ROI is still a problem if the coin price is too low.

Lanatsa

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Quote from: _ZET_ on December 24, 2016, 09:39:24 AM

It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

If you pay the 25% of the average electricity price, it is better to mine.

_ZET_

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It's always worth if your electricity prices are reasonably low. What else you are going to do with that money? Keep them in in your sock and wait for inflation to hit you?

Ultrabat

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Activity: 117

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Quote from: Lanatsa on November 23, 2016, 01:09:10 PM

Quote from: philipma1957 on November 01, 2016, 10:19:47 AM

Quote from: Ultrabat on November 01, 2016, 09:57:32 AM

Quote from: Bavarian Illuminati on October 28, 2016, 02:08:38 PM

go for it if you have cheap or free electricity and extra money to invest in..

there will always be something to mine.. besides you can sell the gear and get some of the money back.

The ZCash mining is very profitable at the moment. So it is better to buy some GPU now to mine it for the short time.

yeah the zcash is a goldmine at the moment don't know how long it will last but it is very good now.

#

20 days past, it seems the ZCash mining is the same as mining Ethereum. Hope not many people have bought GPU.

It is not so profitable now.

Lanatsa

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Quote from: philipma1957 on November 01, 2016, 10:19:47 AM

Quote from: Ultrabat on November 01, 2016, 09:57:32 AM

Quote from: Bavarian Illuminati on October 28, 2016, 02:08:38 PM

go for it if you have cheap or free electricity and extra money to invest in..

there will always be something to mine.. besides you can sell the gear and get some of the money back.

The ZCash mining is very profitable at the moment. So it is better to buy some GPU now to mine it for the short time.

yeah the zcash is a goldmine at the moment don't know how long it will last but it is very good now.

#

20 days past, it seems the ZCash mining is the same as mining Ethereum. Hope not many people have bought GPU.

philipma1957

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Quote from: Ultrabat on November 01, 2016, 09:57:32 AM

Quote from: Bavarian Illuminati on October 28, 2016, 02:08:38 PM

go for it if you have cheap or free electricity and extra money to invest in..

there will always be something to mine.. besides you can sell the gear and get some of the money back.

The ZCash mining is very profitable at the moment. So it is better to buy some GPU now to mine it for the short time.

yeah the zcash is a goldmine at the moment don't know how long it will last but it is very good now.

Ultrabat

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Activity: 117

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Quote from: Bavarian Illuminati on October 28, 2016, 02:08:38 PM

go for it if you have cheap or free electricity and extra money to invest in..

there will always be something to mine.. besides you can sell the gear and get some of the money back.

The ZCash mining is very profitable at the moment. So it is better to buy some GPU now to mine it for the short time.

Amph

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Quote from: Lanatsa on October 28, 2016, 11:23:37 AM

Quote from: Amph on October 22, 2016, 11:30:31 AM

Quote from: Lanatsa on October 22, 2016, 10:58:51 AM

Quote from: ImHash on July 26, 2016, 10:21:58 PM

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

and 1070, since i'm mining with a similar rate, actually higher, and there is still some tiny profit $10-20 per gpu per month

The 1070 costs about $500. So that will take up to 25 months to get the original investment back. However, you can also sell the cards later.

not really, i'm already near roi, because of early lbry mining(and because the gpu that i bought were bought with the roi of the other gpu, so i only need to reach half of their price), and now with zcash profit is very high again

roi is much faster than what everyone think, if you know what you are doing

Bavarian Illuminati

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go for it if you have cheap or free electricity and extra money to invest in..

there will always be something to mine.. besides you can sell the gear and get some of the money back.

Lanatsa

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Quote from: Amph on October 22, 2016, 11:30:31 AM

Quote from: Lanatsa on October 22, 2016, 10:58:51 AM

Quote from: ImHash on July 26, 2016, 10:21:58 PM

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

and 1070, since i'm mining with a similar rate, actually higher, and there is still some tiny profit $10-20 per gpu per month

The 1070 costs about $500. So that will take up to 25 months to get the original investment back. However, you can also sell the cards later.

shield132

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Quote from: bitwhizz on August 25, 2016, 05:56:55 AM

All in all I think anyone buying a GPU at any point over the past 5 years would have made profit, as it seems there is always a new coin or algorithm introduced to replace the ones that die off or go asic. Some months you may only be making a few dollars or cents per GPU profit, but then it seems every 6 month or so something new hits where you can hit hardware ROI in as little as 30 days.

If we will discuss like you, than with antminer 9 over the past 6 years you would make great profit.
As everyone knows it depends on electricity costs, hashrate and hardware itself. I wouldn't risk buying GPU's now but if you have much free time and nerves than find altcoins and try mining one of them which is profitable because in litecoin and other similars coins difficulty is increased. Also try to use calculator of your altcoin you are going to mine and you will see how much will be your profit in today's situation.

Amph

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Quote from: Lanatsa on October 22, 2016, 10:58:51 AM

Quote from: ImHash on July 26, 2016, 10:21:58 PM

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

and 1070, since i'm mining with a similar rate, actually higher, and there is still some tiny profit $10-20 per gpu per month

Lanatsa

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Quote from: ImHash on July 26, 2016, 10:21:58 PM

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

adaseb

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Quote from: Cryptogott on October 22, 2016, 09:44:16 AM

Quote from: Ultrabat on October 22, 2016, 09:35:24 AM

Quote from: Cryptozillah on September 30, 2016, 05:05:45 PM

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

The main usage of the GPU mining is for the Ethereum. But Ethereum will go POS early next year.

Wtf, is this confirmed?

If this ever happens, it means many many many cheap GPU are on their way to ebay.

GPUs surprisingly hold their values well. Most of the R9 280X that were sold on eBay in 2014 only sold for 50% off retail.

Cryptogott

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Quote from: Ultrabat on October 22, 2016, 09:35:24 AM

Quote from: Cryptozillah on September 30, 2016, 05:05:45 PM

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

The main usage of the GPU mining is for the Ethereum. But Ethereum will go POS early next year.

Wtf, is this confirmed?

If this ever happens, it means many many many cheap GPU are on their way to ebay.

Topic: Still worth buying GPUs? (Read 4866 times)