Bitcoin Forum

Right now BTC is booming again, nearly to it's max price of the early part of the year. LTC is down, which in turn, lowers any other alt that is dependent on it. So few gpu mining coins are barely worth mining. ASIC, sadly, are the way to go at the moment, if you can afford them. With that said, I personally would just invest in alts and not mine at the moment, which is more efficient than GPU mining. But if the trend follow the bell curve, standard deviation, BTC will normalize and GPU mining might be worth again. What's your thoughts?

Everything is up in the air. No one has any idea what the Chinese speculators have in store for us, or where the top to this rally might be. Big difference between $200 ~ top and $1000 ~ top. Thus, hard to say what this means for altcoins. Definitely not putting any money into alts, myself, though.

Hopeffully you dont suggest BTC mining with GPU might be worth again  :o

Scrypt coin mining with GPU is profitable if your electricity is really cheap

If LTC falls to $1 USD or lower, it's not a great risk in investment, plus zero electricity costs of mining. People gamble every day and lose money. Fortune favors the bold. Unless BTC become the price of gold, then alts are probably near to dead.

In the area of California where I live, it's $0.1323/kwhr, not really cheap. You would think that California is sunny for 8 to 9 months of the year and would have more solar power here.

A short ferry tale about miners, tailors and investors. Some 150 years ago there was a bloke John Smith who was mining gold somewhere on the Wild West. He was working hard but finally he made a nice sum of money and later bought a farm somewhere else. There was an other bloke with a small family business who made ugly but sturdy trousers for the miners. Let's call him Levi Strauss. There was two other blokes who run express mail and banking services for the miners and tailors, so basically they were investors. Let call these blokes Henry Wells and William Fargo.
 
...and now let's think about the question who made the most money out of this entire gold thingy. Was that the miner? Or the tailor? Or maybe the two investors :)?

It was the big miners after him that made off with gold. But the services surrounding it also cashed in, ie. Levi's, banks, bars, boom towns, etc.... As in the cryptocurrency world, mining alone does not yield the best profits. Nice you brought up the history. lol

I tried the math few days back, it looks even worse than I thought. No asic is currently with ROI, gpus are out, so just invest if you want to gamble. Seems to me we are going only up from here, but I have been wrong before.

Better invest rather than buy some fancy ASIC that has a long ROI  :)

ASIC are ridiculously over-priced, I honest think the can sell them 25% to 40% less then their asking price and still turn a decent revenue. GPU's at the moment are profitable until the alt market recovers. Any thing can happen in the next two or three months that will decide the trend for a while.



Invest is better in my opinion at the moment, factoring hardware costs and electricity costs. ASIC are good if you can find decent used ones for cheap, otherwise it's  for the elite to own.

Invest.

I have stopped mining and using my GPU to play high resolution games ;D

Now is investing much better, but if people loose interest in mining, it might start to be profitable again

What it's original intended for...LOL


Probably in the next two months, if BTC goes lower again.


Yup and play more PC games, AutoCAD, Photoshop and Premiere Pro...=)

I'm using my GPUs to heat my home as they're mining Gold. I use the intensity setting as a thermostat.

Closest thing I've found to free heat! ;D

  :D same for me ... I don`t bother turning up the heat - the rig makes enough  ;)

Go and ask a very old or very wise person if everything balances eventually .

Unfortunately im not that guy.

I think  he sits down at the train station but.

I am selling my second videocard and will use the money to buy more of my my favorite alt which i think has the most potential. 1 card will stay mining Goldcoin ~12hrs a day.

Is that taking into consideration the resale value of a GPU?

I find many people do not take that into consideration when making the decision to GPU mine Alt-coins.

Are you sure? At the price of $1.63 its 2 years for me...

You are correct in terms of ROI.

I think of the GPU hardware in terms of an asset with a certain rate of deprecation.

In terms of a average small investor/hobbyist I think it is important to consider that risk is mediated by the fact that GPU's are for the most part an asset that is easily liquified. If the alt-coin markets crash and the investor wants out, they can recoup a large portion of the original investment. Figuring out that tipping point where they could reasonably sell the GPU investment and not take a loss should also be considered.

Keep dreaming.

Yup, I was actually using my onboard chip to play. Now I have plopped up all those enhancing mods and running through Skyrim in her all glory.

I personally mine and invest. Seems to be the winning combo for me.

I keep my rig down and focuse trading with btc usd
I don't see any altcoin have a good future on short period.
Hope this will change.