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Title: Worth it to mine? Post by: Epicblood on October 09, 2013, 09:15:28 PM Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)
To mine Altcoins (using multipool) ? I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD Title: Re: Worth it to mine? Post by: Shmoopy on October 09, 2013, 09:55:14 PM might as well go with an ASIC if you're gonna buy 4 or 5 more cards. If you don't like the BTC output, mine PPC or something.
Title: Re: Worth it to mine? Post by: fiddelingones on October 09, 2013, 10:06:57 PM Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5) Electricity cost matters here. Profitability calculator will tell you if it is worth . Title: Re: Worth it to mine? Post by: belltown on October 10, 2013, 12:03:06 AM I just shut down my GPU recently because my electricity costs are higher now then LTC or multipool coins I mine. BTW, I've found that on average multipool profitability is lower then just mining straight LTC. It's sad, because they do have LTC on the pool, so theoretically mining on multiport should be more profitable.
I'm mining XPM now with CPU Title: Re: Worth it to mine? Post by: hulk on October 10, 2013, 02:34:44 AM I just shut down my GPU recently because my electricity costs are higher now then LTC or multipool coins I mine. BTW, I've found that on average multipool profitability is lower then just mining straight LTC. It's sad, because they do have LTC on the pool, so theoretically mining on multiport should be more profitable. I'm mining XPM now with CPU Whats your electricity cost, it should still be profitable. Title: Re: Worth it to mine? Post by: belltown on October 10, 2013, 04:04:14 AM $0.11/kwh
My computer eats 250w/h and produces 390kH/s script. Title: Re: Worth it to mine? Post by: hulk on October 10, 2013, 04:32:07 AM Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5) To mine Altcoins (using multipool) ? I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD Not profitable anymore Look here, https://btc-e.com/exchange/ltc_usd. Litecoin price is dropping fast and difficulty is at 1040. Title: Re: Worth it to mine? Post by: Wilhelm on October 10, 2013, 04:35:55 AM Mining is not off-the-bat profitable, in my opinion, unless you put in a load of cash when a new ASIC can be pre-ordered. Are you willing to invest a few thousand on a possible scam?
Saying that, mining is fun and it can be seen as an investment. BTC and alt-coins values might rise so maybe you will mine your $1 Microsoft/Apple share which will become millions. :) Mining has another benefit and that is an anonymous source for your money, if you solomine or use an anonymous email when in a pool. You wouldn't want the police to link your email with a crack deal on the silk roads would you :D Investing in a GPU is better than an ASIC if you like gaming since you can game and mine in off hours. GPU's probably make more noise when pushed to the max. I still use my GPU for mining new alt coins and hoping one will skyrocket ;) Have fun and good luck! Title: Re: Worth it to mine? Post by: viboracecata on October 10, 2013, 08:29:53 AM Most of the altcoins worth GPU mining.
Title: Re: Worth it to mine? Post by: hulk on October 10, 2013, 08:30:19 AM Really sad seeing litecoin drop from high of $3 to about 1.8$ while dificulty is at a thousand.
Shouldn't the price increase when difficulty increase? Title: Re: Worth it to mine? Post by: meta.p02 on October 10, 2013, 08:35:25 AM Really sad seeing litecoin drop from high of $3 to about 1.8$ while dificulty is at a thousand. Shouldn't the price increase when difficulty increase? It's the other way round - difficulty increase when price increase. When price decreases, difficulty should drop too. The next difficulty for Litecoin is estimated to reduce even further as a result of the price drop. http://bitcoinwisdom.com/litecoin/difficulty Title: Re: Worth it to mine? Post by: LiteMine on October 11, 2013, 01:13:50 AM Until about April, people were mining for speculation rather than a paycheck. As long as the electricity doesn't hurt you, go for it, but with the knowledge that you may not reach your ROI.
Title: Re: Worth it to mine? Post by: fattypig on October 11, 2013, 01:27:49 AM Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5) To mine Altcoins (using multipool) ? I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD Wait for R9-290x and see if its really much better for mining. Title: Re: Worth it to mine? Post by: SpeedDemon13 on October 11, 2013, 07:39:36 AM Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5) To mine Altcoins (using multipool) ? I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD Wait for R9-290x and see if its really much better for mining. If that card can use under 200 watts, then it might be worth it. Title: Re: Worth it to mine? Post by: aa on October 11, 2013, 08:06:10 AM Mine BBQCoin.
Title: Re: Worth it to mine? Post by: Fernandez on October 11, 2013, 09:42:12 AM Invest the money in buying BTC or any altcoin of your choice.
Title: Re: Worth it to mine? Post by: Snail2 on October 11, 2013, 09:52:14 AM I think you can make more profit from trading and investing your money than from mining.
Title: Re: Worth it to mine? Post by: juve4v on October 11, 2013, 09:52:30 AM CPU mining turned to be more profitable than GPU mining lately, if you know what/when to mine and what/when to sell.
Title: Re: Worth it to mine? Post by: clock27 on October 11, 2013, 12:30:43 PM my 2 miners are on solar power :) but i don't get much out of them cause i don't have any specialized equipment yet
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