Topic: Still worth buying GPUs? - page 2. (Read 4866 times)

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

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.

Yes, maybe its worth it but nothing is sure so I think that it worth it if you are willing to take the risks.
Most will not do this but we wil see if it will happen.

The Ethereum will change to PoS. But there will be ZCash to mine. It will be released in later October.

but seems like ethereum  will swtich to pos and there will be no profitable coin to mine as for now. only time will tell

It always depends on what GPU's you are looking for or you are buying for because if its for bitcoin its hard now to earn bitcoin from this hardware and for this ethereum i guess yes it is better to mine alternative coin than the main coin there are many coin in internet you can also do search what is the most demand in market.

With that electricity price, you can buy the very inefficient GPU and still make some profits. Good luck.

It's still profitable but you have to be smart about what you mine and how you do it.

For whatever coin you go ahead and mine, if you see that you're making a constant profit for a day or a week or so I would go ahead and put that into BTC so you don't risk the coin fluctuating. Which is what most altcoins will do.


Goodluck with this!

I'm still buying GPUs. I get them half off and my electricity is around $0.09

I have the high electricity price of $0.23/kWh. So I will not buy graphics now to mine. The difficulty is too high.

 IMO the only reason to risk buying new gear (or even not-super-cheap USED gear) for mining Ethereum with is *IF* you were going to buy it anyway for some OTHER use, and plan to mine Ethereum just to help pay PART of the cost of the gear.


 Technically, planning to "resell" the gear might count, but I'd hate to COUNT on that with the rapidly declining profitability of Ethereum mining.

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.

There is not an abundance of hash rates reported on every coin with all the new cards. It is blurry where to go for new purchases.

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?

Yes, it has always been profitable to by a GPU to mine ever since you could profitably mine BTC with it. Another truth is since that time people have also been giving advice to new users that they missed the boat, it's too late, etc. Considering most of them are miners themselves, it is not surprising they do not want to encourage more competition.

Now with that said I will point out that at times the profits get really slim, and depending upon your electricity rates may even temporarily dip into the unprofitable area and you may need to shut your miners down for periods of time. I mined through the 2015 winter at slim margins, but it was somewhat offset because I also used my miners to heat my house, which would normally cost $200/month, so in some sense it was free power in that I would spend $200 on heat either way. Now it actually worked in my favor as I was mining Ethereum most of that time before it spiked, so in the long run I made out handsomely, but you should not count on that type of luck all the time.

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.

Such a glorious day, I'll take it.

yeah it's ETC right now, it's fucking profitable, nothing else come close, but i guess it will not last even one day

Which coin do you mine to get such a high return of investment. I thought ETC would not give you such return.

always

just now you can do 0.13 btc per day with a rig of 6 x 1070, just saying...

approaching roi of one month, pretty crazy...

Always better to buy coins. PoW is dying off quickly. Never buy hardware to mine for profit..