Topic: Still worth buying GPUs? - page 3. (Read 4869 times)
It is still worth buying GPUS, Surely?
I was thinking of making 2 rigs of RX 480s, either 10 or 12 GPUs in total. Just mine profitable coins or coins that look promising in the future even if they aren't the most profitable (Ex. Decred). My electricity is around $0.09/kwh. Is that electricity a good price for mining? Seems around medium. I have another house I where I could set up for $0.04/kwh.
With electricity @ .09, the margins will not be large but your setup sounds promising.
You may want to pay investigate algo switching and/or coin switching pools to maximize the profitability of the rig.
There are lots of people doing some awesome GPU rigs, in this forum, and your sounds like a good one.
Good luck.
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..
there will always be something to mine.. besides you can sell the gear and get some of the money back..
it always depend on your electricity, with 0.05 there is no reason to stop mining
but even with expensive electricity is still profitable, you need to factor the fact thta bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
but even with expensive electricity is still profitable, you need to factor the fact thta bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
Difficulty increased.
yeah in fact etheruem is not the most profitable anymore, because of that also not onyl the price decreasing
it always depend on your electricity, with 0.05 there is no reason to stop mining
but even with expensive electricity is still profitable, you need to factor the fact thta bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
but even with expensive electricity is still profitable, you need to factor the fact thta bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
Difficulty increased.
depends on which coin?!
You can always mine some new pump and dump shit coin, gpus are always worth it
it always depend on your electricity, with 0.05 there is no reason to stop mining
but even with expensive electricity is still profitable, you need to factor the fact that bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
but even with expensive electricity is still profitable, you need to factor the fact that bitcoin has a very high value now, so the profit is actually greater than before
etheruem halved but btc doubled, same shit in the end
I just need to figure out what to mine.
And don't be shy to share it with 1-2M miners with GPUs
Electricity is covered in the university dorms, and I plan to get a 480 to begin with. Just hope the coins do not become too difficult too soon.
I just need to figure out what to mine. I get the sad feeling that Ether will not be worth mining (at home) after 2 weeks when the card arrives, or if it is it will quickly get mined up by the 480's
I just need to figure out what to mine. I get the sad feeling that Ether will not be worth mining (at home) after 2 weeks when the card arrives, or if it is it will quickly get mined up by the 480's
I was thinking of making 2 rigs of RX 480s, either 10 or 12 GPUs in total. Just mine profitable coins or coins that look promising in the future even if they aren't the most profitable (Ex. Decred). My electricity is around $0.09/kwh. Is that electricity a good price for mining? Seems around medium. I have another house I where I could set up for $0.04/kwh.
The quick answer is no.
It seems to be a downhill ride for now, when ether gained massive value we had a pretty decent future but it came crashing down. When I went into mining and buying up some gpus I tried to position myself to have more value in the hardware than I owed (altho there is the sweat period where you own more until you mine enough). Basically I went into this knowing that some big event could happen that could quickly end profitability. While there is still profit to be made it is becoming less everyday and there are no coins large enough to soak up the huge amount of gpus in circulation.
But if you have cheap enough electricity and don't mind taking a good amount of time to roi on your gpu then it could still make sense to pick up a few of the 480's that are very efficient. There is always the possibility that a coin or either could rise to new heights.
It seems to be a downhill ride for now, when ether gained massive value we had a pretty decent future but it came crashing down. When I went into mining and buying up some gpus I tried to position myself to have more value in the hardware than I owed (altho there is the sweat period where you own more until you mine enough). Basically I went into this knowing that some big event could happen that could quickly end profitability. While there is still profit to be made it is becoming less everyday and there are no coins large enough to soak up the huge amount of gpus in circulation.
But if you have cheap enough electricity and don't mind taking a good amount of time to roi on your gpu then it could still make sense to pick up a few of the 480's that are very efficient. There is always the possibility that a coin or either could rise to new heights.
Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?
Borderline insanity to buy mining hardware at this point. Most new coins are moving away from Proof of Work anyway - including Ethereum.
Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?
Jump to: