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Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: johncarpe64 on August 19, 2014, 03:07:34 PM



Title: GPU Mining profitability is a joke
Post by: johncarpe64 on August 19, 2014, 03:07:34 PM
Can someone please let me know which algo or coin they are currently mining with their GPU?

I am currently mining x11 on wafflepool and the profitability has dropped so much that if you don't have electricity cost of $0.02/kwh you are pretty much mining at a loss. I hope that everyone to close your GPU mining rig and buy whatever alt-coin you are mining with the expected electricity bills. You would get much more coins and its healthier for the crypto-currency then to let electricity company earn...



Title: Re: GPU Mining profitability is a joke
Post by: seedtrue on August 19, 2014, 03:11:13 PM
Tell me about it. I have not even turned my GPU rigs on in over a week  :-\

Hoping for a good ninja launch to happen soon.


Title: Re: GPU Mining profitability is a joke
Post by: numisma on August 19, 2014, 03:27:00 PM
I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..


Title: Re: GPU Mining profitability is a joke
Post by: grosminer on August 19, 2014, 03:57:47 PM
I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..

You can bet on some coins and hope they'll go up .

Something like Blackcoin maybe?


Title: Re: GPU Mining profitability is a joke
Post by: Equate on August 19, 2014, 06:40:12 PM
Tell me about it. I have not even turned my GPU rigs on in over a week  :-\

Hoping for a good ninja launch to happen soon.

I too have turned off most my rigs and used them once in a while on new coin launch. GPU mining is not worth now .


Title: Re: GPU Mining profitability is a joke
Post by: degel_x on August 19, 2014, 06:48:42 PM
I have free electricity (Don't ask), an no money to invest :( i only own a r9 290 :(


Title: Re: GPU Mining profitability is a joke
Post by: notlist3d on August 19, 2014, 07:17:28 PM
It is sad as I loved GPU days.  But for most they are gone.

You are better off in most cases selling the GPU's and getting some Asics.  I ran quite a few GPU's and with electricity and heat removal it just was not possible to profit and i sold out and switched to asics.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 19, 2014, 07:18:50 PM
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol


Title: Re: GPU Mining profitability is a joke
Post by: BrewCrewFan on August 19, 2014, 09:53:59 PM
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....


Title: Re: GPU Mining profitability is a joke
Post by: cozk on August 19, 2014, 10:17:38 PM
VTC ...


Title: Re: GPU Mining profitability is a joke
Post by: notlist3d on August 20, 2014, 03:35:17 AM
One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.



Title: Re: GPU Mining profitability is a joke
Post by: kcheel on August 20, 2014, 05:22:55 AM
One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.




Actually in process of parting my 2 rigs out now.  As you said, better uses for the money that I can get out of the parts.  As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.


Title: Re: GPU Mining profitability is a joke
Post by: Feneusens on August 20, 2014, 05:32:50 AM
I myself have already stopped all my GPU mining and is selling them off 1 by 1. Whoever is still mining on x11 or x13 is silly (unless free electricity). Its like flushing money into the toilet.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 20, 2014, 06:06:02 AM
cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....

yeah i know, and you would be rich if you had been a bitcoin early adopter, but we can't do nothing anymore about it


Title: Re: GPU Mining profitability is a joke
Post by: Marvell1 on August 20, 2014, 08:42:21 AM
Take the advice, I parted out my 3 six gpu rigs. Getting under half what I payed for everything
I didn't roi due to electricity costs anyway.

Each 290 I sell nets about  $230 after fees and shipping I paid $450 to $520 for my gpus ugh!

I'm directly converting them to hashlets , my way of staying in the game , sold about half mt gpus and I now have near 150mhz of scrypt hashes now pulling in around $40 per day

Far better than when all 18 of my gpus were hashing and I still have 12 more gpus to sell

Gpus are dead for mining guys


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 20, 2014, 09:45:46 AM
well now even the last tiny profit from xcn is gone, nothing to mine at all, monero is even worse


Title: Re: GPU Mining profitability is a joke
Post by: MaxDZ8 on August 20, 2014, 04:36:04 PM
Gpus are dead for mining guys
But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...


Title: Re: GPU Mining profitability is a joke
Post by: Bombadil on August 20, 2014, 05:37:07 PM
Gpus are dead for mining guys
But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

IMHO it's a mix of several valid arguments. "Elite miners", fpga miners, people with hardware long-past-ROI, people with free electricity, ... All are possible, all are probably true too.


Title: Re: GPU Mining profitability is a joke
Post by: cisahasa on August 20, 2014, 05:39:39 PM
stupid people kill this selling under electricity cost


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 20, 2014, 05:47:00 PM
Gpus are dead for mining guys
But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

those are people that have giant russia farm with free electricity and made roi already long time ago, they have nothing to lose, they can't mine at loss anymore, hence they keeps mining, sounds reasonable

stupid people kill this selling under electricity cost

they have free electricity that's the point lol


Title: Re: GPU Mining profitability is a joke
Post by: notlist3d on August 20, 2014, 06:59:04 PM
One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.




Actually in process of parting my 2 rigs out now.  As you said, better uses for the money that I can get out of the parts.  As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future.  GPU's luckily are easy to sell by them self.  You can part with more but on my motherboards and other pieces i kept.  Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 20, 2014, 07:52:31 PM
One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.




Actually in process of parting my 2 rigs out now.  As you said, better uses for the money that I can get out of the parts.  As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future.  GPU's luckily are easy to sell by them self.  You can part with more but on my motherboards and other pieces i kept.  Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.

same i'll sell only the gpu, the other parts may be useful in the future, one never know...


Title: Re: GPU Mining profitability is a joke
Post by: digitalindustry on August 20, 2014, 08:15:23 PM
Can someone please let me know which algo or coin they are currently mining with their GPU?

I am currently mining x11 on wafflepool and the profitability has dropped so much that if you don't have electricity cost of $0.02/kwh you are pretty much mining at a loss. I hope that everyone to close your GPU mining rig and buy whatever alt-coin you are mining with the expected electricity bills. You would get much more coins and its healthier for the crypto-currency then to let electricity company earn...



sorry dude you are being scammed - X11 is not a real cPoW  algo it has no random function.

there are currently two on the market that i know of.

Quark

and

M7  ( The mini BC Cryptonite)

i'm guessing you are not going to understand this as it becomes all too hard , but the reason a lot of the crypto are "high" (in price) is because they can't me mined (have you noticed that?)

i will let you ponder that.

; |


Title: Re: GPU Mining profitability is a joke
Post by: RTRC on August 20, 2014, 08:54:02 PM
Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?


Title: Re: GPU Mining profitability is a joke
Post by: TheJohn on August 27, 2014, 09:29:45 AM
Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?

2nd hand desktop price isn't good either. Easier to just sell them 1 by 1.


Title: Re: GPU Mining profitability is a joke
Post by: trixnstones on August 27, 2014, 09:55:44 AM
Scrypt ASIC manufacturers have a lot of skin in the game, it would not surprise me if they were messin with prices...


Title: Re: GPU Mining profitability is a joke
Post by: MaxDZ8 on August 27, 2014, 12:26:21 PM
Sounds reasonable indeed.


Title: Re: GPU Mining profitability is a joke
Post by: Cryptocreek on August 27, 2014, 01:57:37 PM
If you know what to mine, you will earn a lot of bitcoins.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 27, 2014, 02:03:34 PM
If you know what to mine, you will earn a lot of bitcoins.

this was true at january-march(doge era) or may-june at best, not now for sure


Title: Re: GPU Mining profitability is a joke
Post by: infofront on August 27, 2014, 06:38:37 PM
I was a fairly early bitcoin GPU miner. I stopped mining and held on to most of my hardware, but sold my GPUs. When scrypt mining became profitable, I just got some new GPUs and I was all set.

I'm basically doing the same thing now because I believe the bitcoin/altcoin markets are cyclical and it will be profitable to mine again at some point. Also, I'm using some of the money I would've spent on electricity to just buy altcoins.


Title: Re: GPU Mining profitability is a joke
Post by: infofront on August 27, 2014, 06:39:59 PM
If you know what to mine, you will earn a lot of bitcoins.

And if I knew what the winning lottery numbers were going to be, I'd make a lot of $$$.


Title: Re: GPU Mining profitability is a joke
Post by: grendel25 on August 28, 2014, 02:35:38 AM
Yeah, gpu mining is a real drag lately.  I said I'd give it a year and that year is up in April 2015.  I keep reading these boards and that's how I find various algos to try like cryptonight but even that has gotten played out.  Who knows, maybe it's seasonal, maybe it's Maybeline.  idk... hope something turns up for the good.

Crazy there are so many coins out.  It's just a flooded market with a lot of trash coins but a few making good business deals. 


Title: Re: GPU Mining profitability is a joke
Post by: TheCoinFinder on August 28, 2014, 02:48:55 AM
The real issue is that people are mining too many worthless coins.

The issue isn't GPU or ASIC - its that most of the coins people mine aren't worth anything!

X* algo coins are FPGA territory now.

Scrypt is ASIC

Quark,Monero "randomised" coins are Botnet territory.

What you are left with is very few choices.

Vertcoin, out of all of the remaining coins, IMO stands out as the one coin (esp with new algo coming) that is going to shoot up in value. As soon as GPU owners get fed up of wasting hashes on PnD coins - and more people embrace the decentralisation of digital currencies that Vertcoin offers.


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 28, 2014, 03:04:21 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.


Title: Re: GPU Mining profitability is a joke
Post by: ChekaZ on August 28, 2014, 03:25:59 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.


Title: Re: GPU Mining profitability is a joke
Post by: ktmracing03 on August 28, 2014, 03:33:35 AM
I have free electricity (Don't ask), an no money to invest :( i only own a r9 290 :(

Ive got 2 Sapphire R9 290x left and 6 Sapphire R9 290 that can be flashed to 290x. All cards are battlefield 4 editions and were only used a couple of months in a data center. I have all the boxes and retail accessories. Would sell for BTC or LTC.
PM me if interested.

290s are still in a rig and ready to go. Also have a couple BTC pro mobos tons of usb powered riser cables etc. Willing to make a good deal.


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 28, 2014, 04:30:17 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

That doesn't make sense to me.  The largest users I've seen on x11 are people with big gpu farms.

Can you link me some of the pools with 70 Gh/s plus users?  That would be good.  Thanks  :)


Title: Re: GPU Mining profitability is a joke
Post by: Toninho on August 28, 2014, 04:31:43 AM
http://i48.tinypic.com/2nq4qs2.jpg


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 28, 2014, 04:32:03 AM
I have free electricity (Don't ask), an no money to invest :( i only own a r9 290 :(

Ive got 2 Sapphire R9 290x left and 6 Sapphire R9 290 that can be flashed to 290x. All cards are battlefield 4 editions and were only used a couple of months in a data center. I have all the boxes and retail accessories. Would sell for BTC or LTC.
PM me if interested.

290s are still in a rig and ready to go. Also have a couple BTC pro mobos tons of usb powered riser cables etc. Willing to make a good deal.

I've just sold 12 x GA 290 BF4 editions on ebay, they got a really good price, between $310 - $330 AUD, which paid for 18 x 750ti's, GA Black Edition...


Title: Re: GPU Mining profitability is a joke
Post by: LightningBlade on August 28, 2014, 05:44:02 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

That doesn't make sense to me.  The largest users I've seen on x11 are people with big gpu farms.

Can you link me some of the pools with 70 Gh/s plus users?  That would be good.  Thanks  :)

I dont think the 70gh/s is asic, its just mini GPU farm...


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 28, 2014, 06:31:20 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

That doesn't make sense to me.  The largest users I've seen on x11 are people with big gpu farms.

Can you link me some of the pools with 70 Gh/s plus users?  That would be good.  Thanks  :)

I dont think the 70gh/s is asic, its just mini GPU farm...

I will believe it when I see it...

ASIC manufacturers have a lot to lose if Scrypt coins fail, keeping the LTC price up and hiring shills would be good insurance for them.


Title: Re: GPU Mining profitability is a joke
Post by: MaxDZ8 on August 28, 2014, 06:51:34 AM
X* algo coins are FPGA territory now.
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.
Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.
Based on my experience with Qubit (X5) I'd say FPGA designs will have to be fairly advanced to mine it efficiently. Even if you take a large FPGA fitting Qubit efficiently is not trivial and you'll have to face even greater problems with X11. Single chip designs will win on efficiency but I don't think they're going to provide extreme efficiency. That said...
Those numbers look high to you because you are used to shitty kernels. I believe it is likely your GPUs could pull out twice the current hashrate with a properly written kernel.

I'm very interested. Please provide links.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 28, 2014, 07:21:49 AM
I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

is there a proof that is a single user? could be a private pool inside the primary pool, in the doge era this one a common thing


Title: Re: GPU Mining profitability is a joke
Post by: cassimares on August 28, 2014, 11:47:51 AM
Shut down my GPU rig also, any algo that is worth mining right now?


Title: Re: GPU Mining profitability is a joke
Post by: ebliever on August 28, 2014, 07:17:59 PM
Shut down my GPU rig also, any algo that is worth mining right now?

I'm seeing nothing. Trying to keep my head above water with leasing, but even that looks dead, practically no one is leasing GPU's the last few days. Anyone paying more than $0.05/kwhr is losing money on X11/X13/X15 etc.

I think there is a mix of factors right now:

1. General fatique towards altcoins caused by the clonecoin/scamcoin flood. Even the better asset-coin and anonymity coins and so forth are languishing. Low prices equals lousy profits from mining.
2. Increased use of POS rather than POW limiting the opportunities to mine. For example I tried switching from X11 to X13 and X15, only to find most coins listed as X13 and X15 seem to have had terribly short POW mining periods and then went to POS. There's hardly anything left on those algorithms, certainly no "Flagship" coins like LTC for Scrypt and Darkcoin was for X11.
3. Mining botnets - hard to guess how many are out there and how large, but I'm sure they are a factor. Virtually no cost for the thief/hacker running them, so in the worst case crypto mining will end with all legit miners gone and only botnets competing with one another!
4. Miners who don't pay for their electricity - I've heard some people pay a flat monthly rate for their residence, or people using computers at work/school for mining, or more likely you've got teenagers running their gaming PC upstairs while mom and dad can't figure out what made their electrical bills jump. Junior is hoping they won't notice or is too naive to understand they're just cutting their own inheritance. ;-)
5. People mining in the hopes things will turn around soon and the coins they mine today will be worth enough tomorrow to make a profit. The problem with this logic is that it's simply more sensible to shut off your miners at this point and use the fiat $ you save to buy MORE of the coins you are mining than you can mine with your GPU, at current rates.
6. People who aren't paying attention. No idea how many are in this category, but I think some mining rigs are almost on autopilot, with people barely paying attention to them. When they wake up they'll shut their rigs off, but apparently are slow to do so. (I'd be inclined to doubt any significant number of miners are out to lunch like this, but there is proof to the contrary: the absurd numbers and hashrates of miners who keep mining at mining pools that have tanked to horrible profitability compared to easily available alternatives. Anyone familiar with Middlecoin knows what I'm talking about.)

I've told myself that if a week goes by without running a profit, it's time to shut my rig down. So far I've been able to squeak out profits with every trick I can think of, but I pay a little over $0.12/kwhr so it's hard to imagine holding out til winter. On the flip side, propane prices spiked horribly in my area last winter, so I definitely plan to hold on to my rig and run it as a space heater as autumn cools down. So I don't expect to be fully out of the game until ~March 2015, despite how grim things look. I'll kick myself if my 290X GPU's depreciate significantly over that time, though.


Title: Re: GPU Mining profitability is a joke
Post by: kalus on August 29, 2014, 12:26:34 AM
Shut down my GPU rig also, any algo that is worth mining right now?

I'm seeing nothing. Trying to keep my head above water with leasing, but even that looks dead, practically no one is leasing GPU's the last few days. Anyone paying more than $0.05/kwhr is losing money on X11/X13/X15 etc.
didn't want to say nothing, but i think leaserig is being overtaken by a few more profitable sites (miningrigrentals comes to mind).  miaviator had made some comments in suchmoon's thread about his comparisons; after working a while on a few leasing sites, there is a competitive market for rig owners. 

still, the prices we're getting for leases are steadily trending downwards.  still making profit, but for only a few more months or so. 

will you keep your equipment, or are you going to sell off at the end of profitability?



Title: Re: GPU Mining profitability is a joke
Post by: Farndogg on August 29, 2014, 03:20:56 AM
Look into the Merge Mining pools for the blake-256 algo


Title: Re: GPU Mining profitability is a joke
Post by: adaseb on August 29, 2014, 03:39:28 AM
If you have free electricity, what would you all be mining?


Title: Re: GPU Mining profitability is a joke
Post by: ebliever on August 29, 2014, 05:37:22 AM
Shut down my GPU rig also, any algo that is worth mining right now?

I'm seeing nothing. Trying to keep my head above water with leasing, but even that looks dead, practically no one is leasing GPU's the last few days. Anyone paying more than $0.05/kwhr is losing money on X11/X13/X15 etc.
didn't want to say nothing, but i think leaserig is being overtaken by a few more profitable sites (miningrigrentals comes to mind).  miaviator had made some comments in suchmoon's thread about his comparisons; after working a while on a few leasing sites, there is a competitive market for rig owners.  

still, the prices we're getting for leases are steadily trending downwards.  still making profit, but for only a few more months or so.  

will you keep your equipment, or are you going to sell off at the end of profitability?



When I bought my rig, I did so with the plan that I would make it my new desktop computer including for games once mining was done. (Most games I play are not CPU/GPU intense, but I do enjoy Skyrim and the Total War series) So it's actually a pretty well spec'd out rig (SSD, blu-ray, fast CPU and so forth). So far I've not so much as played a game of solitaire on it however. I'll keep a pair of 290X's to crossfire them and sell the other pair. I've been buying up Amazon gift cards at 30% off with BTC at Purse.io, and when Black Friday comes I'm hoping to get a good deal on a 4K monitor. Then I'll be a happy camper, mining or no. :-)

I'm curious about your comments about Leaserig and other sites. Seems when I check the other rental sites I'm familiar with they list much lower rental rates, below my profitability theshhold. Is that accurate in your experience or is leaserig competitive still? I've been wondering at how few X11/13/15 rigs were left at LR and if the die-off was due to the overall market or there being greener pastures elsewhere.


Title: Re: GPU Mining profitability is a joke
Post by: Radelderth on August 29, 2014, 06:54:53 AM
If litecoin and dogecoin change from scrypt to x11, we would see a big boost in GPU mining profitability. But right now, sell it before you cry..


Title: Re: GPU Mining profitability is a joke
Post by: MCMK on August 29, 2014, 02:19:51 PM
If litecoin and dogecoin change from scrypt to x11, we would see a big boost in GPU mining profitability. But right now, sell it before you cry..

It has been a while since I actually checked but LTC said they will never deviate from scrypt. Why would they move from one asic algo to another one anyway?


Title: Re: GPU Mining profitability is a joke
Post by: ebliever on August 29, 2014, 03:53:53 PM
If litecoin and dogecoin change from scrypt to x11, we would see a big boost in GPU mining profitability. But right now, sell it before you cry..

It has been a while since I actually checked but LTC said they will never deviate from scrypt. Why would they move from one asic algo to another one anyway?

It would please GPU miners, who would be able to mine it profitably again. And it would shut out ASIC owners, who would be left with just scraps to mine. That would royally torque them off, as well as the ASIC hardware manufacturers. Just imagine how someone who's paid for and been waiting for a KNC Titan all this time would feel.

Going back to GPU mining would help keep LTC mining more decentralized as well. But pleasing GPU miners who are otherwise shutting down and keeping a decentralized network seems like a weak set of pro's compared to the total uproar that would erupt on the ASIC side. I wish it were otherwise as a struggling GPU miner, but this is how the equation looks to me. Only if there were a severe threat from centralized ASIC mining that really threatened the integrity of LTC could I see it shifting.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on August 29, 2014, 04:18:51 PM
If you have free electricity, what would you all be mining?

xcn or monero


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 30, 2014, 07:44:49 AM
If you have free electricity, what would you all be mining?

Darkcoin.


Title: Re: GPU Mining profitability is a joke
Post by: ScryptAsic on August 30, 2014, 09:14:42 AM
If you have free electricity, what would you all be mining?

Darkcoin.

Darkcoin profitability is really low.


Title: Re: GPU Mining profitability is a joke
Post by: Ignition75 on August 30, 2014, 10:33:46 AM
If you have free electricity, what would you all be mining?

Darkcoin.

Darkcoin profitability is really low.

Apologies, for instamining I wouldn't have a clue, not DRK, it's never been profitable to instamine.

It's one of the best long holds however...


Title: Re: GPU Mining profitability is a joke
Post by: hedgy73 on August 30, 2014, 11:37:50 AM
I dismantled and sold my gpu rigs 6 months ago, it was bad enough to make profit then but now I believe its even harder.

The only way I made a half decent return towards the end was to mine every new scrypt, x11, x13 or x15 coin immediately from launch hoping they might be worth something.

I would then sell as soon as they hit the first decent exchange as it seems most are worth more in the first few hours of hitting an exchange.

Problem with doing that is you spend a lot of time monitoring the forums and waiting on new coin launches, some of which had me waiting up all night and then turning into failed / re-launches. Some days I would go to work after only a couple of hours sleep, which is crazy.

The only positive thing about gpu mining is that I bought all my cards second hand and sold them on for similar money so hardware depreciation was minimal.

Now I have half dozen s1's split between 2 pools mining away in a spare room, they aren't making any money but they're keeping the chill off that room and drying our clothes. They mine about 0.02 - 0.03 btc a day depending on pool luck so just about covers the electric.

So I'm still in the mining game purely as a hobby but it doesn't rule my life anymore, I'm way past that, it just isn't worth it anymore.


Title: Re: GPU Mining profitability is a joke
Post by: OrientA on August 30, 2014, 04:35:20 PM
I dismantled and sold my gpu rigs 6 months ago, it was bad enough to make profit then but now I believe its even harder.

The only way I made a half decent return towards the end was to mine every new scrypt, x11, x13 or x15 coin immediately from launch hoping they might be worth something.

I would then sell as soon as they hit the first decent exchange as it seems most are worth more in the first few hours of hitting an exchange.

Problem with doing that is you spend a lot of time monitoring the forums and waiting on new coin launches, some of which had me waiting up all night and then turning into failed / re-launches. Some days I would go to work after only a couple of hours sleep, which is crazy.



I have the similar experience. If you pay over $0.05/kWh, it is not profitable.


Title: Re: GPU Mining profitability is a joke
Post by: kalus on August 31, 2014, 06:25:20 PM
When I bought my rig, I did so with the plan that I would make it my new desktop computer including for games once mining was done. (Most games I play are not CPU/GPU intense, but I do enjoy Skyrim and the Total War series) So it's actually a pretty well spec'd out rig (SSD, blu-ray, fast CPU and so forth). So far I've not so much as played a game of solitaire on it however. I'll keep a pair of 290X's to crossfire them and sell the other pair. I've been buying up Amazon gift cards at 30% off with BTC at Purse.io, and when Black Friday comes I'm hoping to get a good deal on a 4K monitor. Then I'll be a happy camper, mining or no. :-)

I'm curious about your comments about Leaserig and other sites. Seems when I check the other rental sites I'm familiar with they list much lower rental rates, below my profitability theshhold. Is that accurate in your experience or is leaserig competitive still? I've been wondering at how few X11/13/15 rigs were left at LR and if the die-off was due to the overall market or there being greener pastures elsewhere.
it's refreshing to find people with an exit strategy.  too many people are showing up as mining bagholders on the forums these days.

leaserig lost the advantage in number of mining rigs 1-2 months ago; mining rig rentals have more selection these days, and i think them and nicehash have more customer traffic.  when it was doing well, it was hard to beat leaserig. I remember even before LR was bought out the rigs were accountable by deposit, and i felt the owners were selective.  the more difficult it was to list a rig, the more they'd be pushing rigs to other sites.  i think places other sites which were less selected became much easier to list equipment, and that's where both renters and owners ended up. the main problem is whether people see the rigs at all.  i don't think LR is getting the traffic it was in june.

in the past month, the x13 rigs have all disappeared;  i was one of the last x13 rigs on leaserig, and ended up being rented at 0.0008/mh, but maybe once a week for a day or two.  

x15 dried up almost as soon as it started; maybe a week or two of profitability back in july.  

x11 is the way to go right now, but even that return is abysmal.  there's no point fighting for the bottom price anymore.  i think LR is great still for scrypt if you got batch 2-5 equipment.  still good for SHA-256 for getwork.  but for most GPU folks it's not only the power that costs, but managing rigs takes time.  


Title: Re: GPU Mining profitability is a joke
Post by: Equate on August 31, 2014, 07:51:04 PM
If litecoin and dogecoin change from scrypt to x11, we would see a big boost in GPU mining profitability. But right now, sell it before you cry..

Litecoin devs already denied change to any other algorithm and with rising network difficulty , huge investments in Asics, I don't see any reason for them to change to new algo . LTC devs hoped that Asics will have same affect on LTC price as that happened with BTC, but on the contrary  things are going in opposite direction. Let the Asic dust settle and then LTC price may be stable.


Title: Re: GPU Mining profitability is a joke
Post by: ebliever on August 31, 2014, 11:58:16 PM
When I bought my rig, I did so with the plan that I would make it my new desktop computer including for games once mining was done. (Most games I play are not CPU/GPU intense, but I do enjoy Skyrim and the Total War series) So it's actually a pretty well spec'd out rig (SSD, blu-ray, fast CPU and so forth). So far I've not so much as played a game of solitaire on it however. I'll keep a pair of 290X's to crossfire them and sell the other pair. I've been buying up Amazon gift cards at 30% off with BTC at Purse.io, and when Black Friday comes I'm hoping to get a good deal on a 4K monitor. Then I'll be a happy camper, mining or no. :-)

I'm curious about your comments about Leaserig and other sites. Seems when I check the other rental sites I'm familiar with they list much lower rental rates, below my profitability theshhold. Is that accurate in your experience or is leaserig competitive still? I've been wondering at how few X11/13/15 rigs were left at LR and if the die-off was due to the overall market or there being greener pastures elsewhere.
it's refreshing to find people with an exit strategy.  too many people are showing up as mining bagholders on the forums these days.

leaserig lost the advantage in number of mining rigs 1-2 months ago; mining rig rentals have more selection these days, and i think them and nicehash have more customer traffic.  when it was doing well, it was hard to beat leaserig. I remember even before LR was bought out the rigs were accountable by deposit, and i felt the owners were selective.  the more difficult it was to list a rig, the more they'd be pushing rigs to other sites.  i think places other sites which were less selected became much easier to list equipment, and that's where both renters and owners ended up. the main problem is whether people see the rigs at all.  i don't think LR is getting the traffic it was in june.

in the past month, the x13 rigs have all disappeared;  i was one of the last x13 rigs on leaserig, and ended up being rented at 0.0008/mh, but maybe once a week for a day or two.  

x15 dried up almost as soon as it started; maybe a week or two of profitability back in july.  

x11 is the way to go right now, but even that return is abysmal.  there's no point fighting for the bottom price anymore.  i think LR is great still for scrypt if you got batch 2-5 equipment.  still good for SHA-256 for getwork.  but for most GPU folks it's not only the power that costs, but managing rigs takes time.  

I agree that Leaserig needs more advertising to drive traffic to it. There's been one guy the past two weeks who has done probably 90% of what little leasing there is on X11/13/15, keeping a couple of us afloat. I've mostly been on X11, but I watch the profitability numbers at yaamp.com and dodge over to X13 or X15 on occasion. I'm the only one showing up now on X13 or X15 on those occasions on Leaserig. I figure that should help in case anyone does go there looking for a rental on those algorithms, as I try to keep my rates down.


Title: Re: GPU Mining profitability is a joke
Post by: numisma on October 06, 2014, 06:42:02 PM
Are there any old GPU miners still here?
I am wondering if mining was always profitable (even maybe a few %) or was it always like this, when you can only pay electricity with it, between the BTC bubbles?

Because maybe the ones who mined between the bubbles made the most?


Title: Re: GPU Mining profitability is a joke
Post by: FeelTheBeat on October 06, 2014, 10:03:35 PM
I turned off my rig a few months ago, due to no profitability.
But what about new nvidia graphics? Gtx 970 or 980... Is it worth buying it or they will never ROI? I have about 3.5BTC that I got from previous mining (280x+270) so this it the most that I am willing to put back in mining.


Title: Re: GPU Mining profitability is a joke
Post by: ebliever on October 07, 2014, 01:52:03 AM
I turned off my rig a few months ago, due to no profitability.
But what about new nvidia graphics? Gtx 970 or 980... Is it worth buying it or they will never ROI? I have about 3.5BTC that I got from previous mining (280x+270) so this it the most that I am willing to put back in mining.

I've switched over to MiningRigRentals and am still keeping my head above water, barely. But that means making maybe $4/day with four 290X GPU's, whereas my electrical cost is slightly less than that. So, no, I wouldn't recommend investing anything in a new GPU rig at this point unless it offered really dramatic performance/watt improvements and you could live with a long ROI. Better to just plug the money into investing in BTC and your favorite altcoins.


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 07, 2014, 02:41:10 AM
Are there any old GPU miners still here?
I am wondering if mining was always profitable (even maybe a few %) or was it always like this, when you can only pay electricity with it, between the BTC bubbles?

Because maybe the ones who mined between the bubbles made the most?

I still have a 5770 hashing away in one of my old rigs, cards been hashing for almost 2 years for me.

Some days are profitable, some aren't.


Title: Re: GPU Mining profitability is a joke
Post by: MaxDZ8 on October 07, 2014, 07:38:02 AM
It has always been low income. The bottom idea was to cover costs and buy you a couple of beers per week max. It's sad we don't even get there.

The "get mining get rich" mindset was born because of the guys CPU-mining BTC when a pizza was worth 10kBTC, or GPU-mining them when they were 1$ each. Those guys were doing the right thing at the right time, not exactly obvious!


Title: Re: GPU Mining profitability is a joke
Post by: numisma on October 07, 2014, 10:20:23 AM
It has always been low income. The bottom idea was to cover costs and buy you a couple of beers per week max. It's sad we don't even get there.

The "get mining get rich" mindset was born because of the guys CPU-mining BTC when a pizza was worth 10kBTC, or GPU-mining them when they were 1$ each. Those guys were doing the right thing at the right time, not exactly obvious!


Those were my thoughts aswell. Because looking throo the forums, all people moaning about non-profitable mining should look at the bigger picture, not just at super profitable times. Sure they came and probably will come again, because I belive GPU/CPU mining is still the most important and it "recruits" much more people into mining, either with 1 GPU or 100 GPUs.

The only problem I see is that there are so many coins out there and people are jumping from one to another, when in times like these we should look for "diamonds" in this mass of coins and secure their networks together. In the long run this should pay of the most, as these coins would become more diversified and thus rare to obtain.

I am only saying this because I still remember when everyone mostly mined LTC and it had the biggest network hashrate just by mining with GPUs. Now all this GPU power is pointed at multiple coins, while we should concentrate it only at one, mostly two.


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 08, 2014, 12:39:40 AM
During the doge burst last year i managed to make enough money to turn one gpu rig into 7 with 5 290's each. pure profit. I've taken about 7,000 in cash since. Today I will make about 4 dollars.

There was 0.25-0.4 btc days until gox blew up, it will happen again when new people discover bitcoin and pump the prices.


Title: Re: GPU Mining profitability is a joke
Post by: CryptoMinter on October 08, 2014, 01:06:31 AM
This very problem creates a systemic failure risk for cryptos. All of these altcoins are good at showing this potential when the market crashes. If difficulty jumps up or market value dies, then the network can die from a profitability point of view as miners back off and block rates plummet. The recovery point is a kind of hard reset where the P2P nature drives a consensus on difficulty correction. Once the margin is low, only high-volume, low margin providers can compete in power efficient hashing. Basically, if a chip producer thinks there is any ROI in mining, why sell any chips at all?

Anyway on the profitability side, you should consider energy consumption with respect to heating since winter is rolling in. The thermal efficiency of a heat pump is proportional to the outdoor air temp, and can be 3x efficiency down to 1.1x, or if you don't have a heat pump or gas, then the mining waste heat directly offsets my heating costs. The power is not free but it appears that way on the books, so I'm basically leasing 500W of GPU power at-cost, which can be $30/m.


Title: Re: GPU Mining profitability is a joke
Post by: nrg_wolf on October 08, 2014, 05:40:30 AM
you guys must not be looking at the right coins, x4 7950 and x4 280x's and handful of cpus net me currently 0.033 btc a day.


Title: Re: GPU Mining profitability is a joke
Post by: Minerjoe on October 08, 2014, 06:36:06 AM
GPU/CPU/MAGIC WAND mining has been dead for the last 6 months. There is no coin which can make you profits when u calculate power costs, depreciation of your hardware, heat, etc. So, the sad truth is sell your rigs and switch to ASIC or even better, switch to cloud mining. This comes from a person who used to own 7 rigs and 23 GPUs.

One of the best cloud mining options is in my signature, ROI is 5-7 weeks, there is NOTHING even close to that in the market. Let me know if you need more help.


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 08, 2014, 07:09:18 AM
you guys must not be looking at the right coins, x4 7950 and x4 280x's and handful of cpus net me currently 0.033 btc a day.

I don't buy this for a second, ive mined everything there is, x11-15, cryptonote, cryptonite,xgm, xpm, renting at a premium, and my power is cheap at 0.11.
If there was some super secret coin no one knows about rental prices would spike.

I've got 35 gpus running mostly 290's and a few 280x, and today I will gross 18 dollars and net maybe 1, you're telling me your 4300% more profitable?

Or are you leaving out the part where you held coins and got lucky with a market pump? Or your power is free.

I recalculate and research everyday. Few weeks ago I was netting 10 with monero, then bcx broke it, then I mined xcn for a while, but the market cant handle my daily dumps, 8000 coins flushes the order book. Small market cap coins wont work for me. Everytime i sold xcn the price went down 20%

Right now the most money to be made is renting x11, dark diff dropped and rental prices doubled. I even spent 50 dollars last week on amazon ec2 trying profitable combinations.

[edit]
I checked your post history and if youre mining dash or sonic screwdriver, those wont work for me, daily volume of 800 dollars with a quick 1 day pump

Quote
on average with fluctuations i mine between 0.019-0.032 btc a day.
and my sha miner did
 an average of 0.34 btc over a 4 day period when i had it on last.

just have to know what to mine and when to trade it and what to trade it for lol. btc is just the middle coin as there is always something better to invest in. Smiley

You also are using an sha256 asic and trading which both don't apply to this discussion


Title: Re: GPU Mining profitability is a joke
Post by: nrg_wolf on October 08, 2014, 09:29:45 AM
you guys must not be looking at the right coins, x4 7950 and x4 280x's and handful of cpus net me currently 0.033 btc a day.

I don't buy this for a second, ive mined everything there is, x11-15, cryptonote, cryptonite,xgm, xpm, renting at a premium, and my power is cheap at 0.11.
If there was some super secret coin no one knows about rental prices would spike.

I've got 35 gpus running mostly 290's and a few 280x, and today I will gross 18 dollars and net maybe 1, you're telling me your 4300% more profitable?

Or are you leaving out the part where you held coins and got lucky with a market pump? Or your power is free.

I recalculate and research everyday. Few weeks ago I was netting 10 with monero, then bcx broke it, then I mined xcn for a while, but the market cant handle my daily dumps, 8000 coins flushes the order book. Small market cap coins wont work for me. Everytime i sold xcn the price went down 20%

Right now the most money to be made is renting x11, dark diff dropped and rental prices doubled. I even spent 50 dollars last week on amazon ec2 trying profitable combinations.

[edit]
I checked your post history and if youre mining dash or sonic screwdriver, those wont work for me, daily volume of 800 dollars with a quick 1 day pump

Quote
on average with fluctuations i mine between 0.019-0.032 btc a day.
and my sha miner did
 an average of 0.34 btc over a 4 day period when i had it on last.

just have to know what to mine and when to trade it and what to trade it for lol. btc is just the middle coin as there is always something better to invest in. Smiley

You also are using an sha256 asic and trading which both don't apply to this discussion

dash is quite profitable despite wallet issues, there is still enough trade volume via polo to move larger amount of coins. my sha miner dont count as thats not switched on, if you look back at my comment i mentioned gpu's and handful of cpu's with 0 mention of sha asic. besides dash provides more btc then most other coins out there. and i havent traded in awhile, havent bought anything in awhile so no btc being made there. just my gpus/cpus working and doing what they do best.

plus if you where really mineing XMR at current difficulty, counting in an aprox hash rate of about 750h/s per 290 and approx 600h/s depending on memory type you should be getting about 24-25khs on that algo, which at current nets 24.18 XMR per day at an exchange rate of  approx 0.07 BTC or 23.68 USD per day. its not great but its still better then nothing and still a good amount of btc to hold onto for tradeing or holding for when BTC decides to return to former glory. also should point out the btc amount per day has dropped somewhat, but it only looks bad due to BTC's poor value atm.....

also if you mined dash, your approx hash rate should net you between 40-46 million dsh per day which trades in at between 28-40 XMR which counting the higher number counts for about 0.111 btc per day.

and my hash rate numbers are approx and taken via the russian xmr miner which does pull 812h/s at 1100/1690 and also at 1100/1500 depending on card type, those results are taken with hynix memory as well and it also only takes 0.7% fee where claymores now takes 2% i believe.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on October 08, 2014, 12:03:18 PM
i've missed dashcoin, how much 1 750ti give you per day?

should be about 300k right?


Title: Re: GPU Mining profitability is a joke
Post by: JessicaSe on October 08, 2014, 01:13:07 PM
I turned off my rig a few months ago, due to no profitability.
But what about new nvidia graphics? Gtx 970 or 980... Is it worth buying it or they will never ROI? I have about 3.5BTC that I got from previous mining (280x+270) so this it the most that I am willing to put back in mining.

Totally not going to ROI at this level...


Title: Re: GPU Mining profitability is a joke
Post by: numisma on October 08, 2014, 02:36:27 PM
you guys must not be looking at the right coins, x4 7950 and x4 280x's and handful of cpus net me currently 0.033 btc a day.

I don't buy this for a second, ive mined everything there is, x11-15, cryptonote, cryptonite,xgm, xpm, renting at a premium, and my power is cheap at 0.11.
If there was some super secret coin no one knows about rental prices would spike.

I've got 35 gpus running mostly 290's and a few 280x, and today I will gross 18 dollars and net maybe 1, you're telling me your 4300% more profitable?

Or are you leaving out the part where you held coins and got lucky with a market pump? Or your power is free.

I recalculate and research everyday. Few weeks ago I was netting 10 with monero, then bcx broke it, then I mined xcn for a while, but the market cant handle my daily dumps, 8000 coins flushes the order book. Small market cap coins wont work for me. Everytime i sold xcn the price went down 20%

Right now the most money to be made is renting x11, dark diff dropped and rental prices doubled. I even spent 50 dollars last week on amazon ec2 trying profitable combinations.

[edit]
I checked your post history and if youre mining dash or sonic screwdriver, those wont work for me, daily volume of 800 dollars with a quick 1 day pump

Quote
on average with fluctuations i mine between 0.019-0.032 btc a day.
and my sha miner did
 an average of 0.34 btc over a 4 day period when i had it on last.

just have to know what to mine and when to trade it and what to trade it for lol. btc is just the middle coin as there is always something better to invest in. Smiley

You also are using an sha256 asic and trading which both don't apply to this discussion

dash is quite profitable despite wallet issues, there is still enough trade volume via polo to move larger amount of coins. my sha miner dont count as thats not switched on, if you look back at my comment i mentioned gpu's and handful of cpu's with 0 mention of sha asic. besides dash provides more btc then most other coins out there. and i havent traded in awhile, havent bought anything in awhile so no btc being made there. just my gpus/cpus working and doing what they do best.

plus if you where really mineing XMR at current difficulty, counting in an aprox hash rate of about 750h/s per 290 and approx 600h/s depending on memory type you should be getting about 24-25khs on that algo, which at current nets 24.18 XMR per day at an exchange rate of  approx 0.07 BTC or 23.68 USD per day. its not great but its still better then nothing and still a good amount of btc to hold onto for tradeing or holding for when BTC decides to return to former glory. also should point out the btc amount per day has dropped somewhat, but it only looks bad due to BTC's poor value atm.....

also if you mined dash, your approx hash rate should net you between 40-46 million dsh per day which trades in at between 28-40 XMR which counting the higher number counts for about 0.111 btc per day.

and my hash rate numbers are approx and taken via the russian xmr miner which does pull 812h/s at 1100/1690 and also at 1100/1500 depending on card type, those results are taken with hynix memory as well and it also only takes 0.7% fee where claymores now takes 2% i believe.

But what is your power consumption per card? I've read in the Claymore's miner topic there is approx 220-270W per GPU?

This means:
ie 250W per GPU and price 0,1 per kWh - 0,6$ for 24h
ie 550h/s on 280X makes 0.69 XMR with DSH mining or 0.6 XMR with XMR mining.

Calculating the prices at the moment that makes: 0.002 - 0.0025 BTC per day. Which at the current prices is around 0.7$.

Am I calculating right?




Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 08, 2014, 04:33:21 PM
monero local hash i get about 21 kh/s, on moneropool.com i get maybe 16 average..

claymores dev fee fucks up the calculation a lot, when it returns to my pool im hashing old work, bypassing the fee helps a bit.

Quote
24.18 XMR per day at an exchange rate of  approx 0.07 BTC or 23.68 USD per day.

Im burning 200 kwh a day, thats a lot of power 22 dollars*1.12 tax = 24.64 - net loss

That's almost 700 dollars a month out of my pocket if i kept all the coins. I hit 900/month running scrypt

I have real time power metering with my utility, maybe you don't and the averages have been in your favour.



Title: Re: GPU Mining profitability is a joke
Post by: adaseb on October 11, 2014, 03:42:25 PM
I've got free electricity but mining is still not worth it. I am waiting until Christmas time to unload the GPUs. Reason being is it puts extensive load on all the cards, fans, power supplies and the older the equipment gets, eventually it will fry itself. Especially the older 6xxx cards.

Mining with GPUs will never be profitable.

If price of BTC goes back to $1000, then everybody will turn on their GPUs and you will make roughtly what you make today.

Maybe if BTC goes to $5000+ but that is most likely NEVER going to happen. And even if it does, mining will be profitable for maybe 3 months and then the difficulty will increase.


Title: Re: GPU Mining profitability is a joke
Post by: uray on October 11, 2014, 07:14:24 PM
sell your GPUs, buy Hard Drives, mine Burstcoin, ROI within 3 months


Title: Re: GPU Mining profitability is a joke
Post by: Kimowa on October 12, 2014, 12:44:24 AM
sell your GPUs, buy Hard Drives, mine Burstcoin, ROI within 3 months

Not anymore, difficulty increase too fast....


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 12, 2014, 12:48:02 AM
new billing cycle, tier 1 power is down to 0.07, i'll be there for 3 weeks till i hit tier 2, then its back to break even


Title: Re: GPU Mining profitability is a joke
Post by: wickedseraphim on October 12, 2014, 01:13:08 AM
it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?


Title: Re: GPU Mining profitability is a joke
Post by: notlist3d on October 12, 2014, 01:18:38 AM
it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

Sadly most coins are just not profitable with GPU's.   You will want to look in to coins that are not straight scrypt to avoid competing aginst asics.


Title: Re: GPU Mining profitability is a joke
Post by: anderl on October 12, 2014, 01:37:01 AM
it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

lol I got out of GPU mining in January and didn't look back.  GPU mining died when all the Scrypt ASICs were announced around then.  Many GPU miners gave up their GPU farms.  There are still a few stubborn ones trying to survive but since there aren't many GPU miners left there isn't the same demands for ASIC resistance coins.  GPU mining just faded away.


Title: Re: GPU Mining profitability is a joke
Post by: fran2k on October 12, 2014, 03:59:33 AM
MiningRigRentals most proffitable since a long time for me doing mostly X11.


Title: Re: GPU Mining profitability is a joke
Post by: TheBeardedMann on October 12, 2014, 04:50:02 AM
Most profitable way to use your GPUs is to get a Steam account.  Having fun is a profit too.


Title: Re: GPU Mining profitability is a joke
Post by: Amph on October 12, 2014, 07:20:44 AM
it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

lol I got out of GPU mining in January and didn't look back.  GPU mining died when all the Scrypt ASICs were announced around then.  Many GPU miners gave up their GPU farms.  There are still a few stubborn ones trying to survive but since there aren't many GPU miners left there isn't the same demands for ASIC resistance coins.  GPU mining just faded away.

you missed aurora, blackcoin and other enormous pump. january-june(until jackpot era) was still pretty good

the decline started around july-august


Title: Re: GPU Mining profitability is a joke
Post by: FredDag on October 12, 2014, 10:00:25 PM
it's getting cold out. unplugged my GPUs in the spring because of the heat, and just dropped out of mining. About to hook them back up to mine, but mine what? I'm out of the loop! I don't care about profits at this point, just want to mine something I can trade even if it's 20 cents a day, it's cheaper to mine than to run my heater! I used to mine Doge, but how's DigiByte doing? any suggestions?

Could be worth mining CANN.
Up from 10 sats to 2000 in last few months.
About to have first sale of CANNdy medical marijuana in Arizona next weekend...
1g mm for 1 CANN @ participating dispensaries.
So target price is about $5 each CANN... Great if it comes together.

On 2 x 7950's + CPU I mine about 50 a day.


Title: Re: GPU Mining profitability is a joke
Post by: organizer on October 13, 2014, 12:21:19 AM
I think I shut mine down for good around June? Ebay'd em off... now that was VERY sad ROI even though most all were bought before the crazy price spikes... Just going to put together a gaming rig with one of the mobos I have left...


Title: Re: GPU Mining profitability is a joke
Post by: grouper fish on October 13, 2014, 04:15:57 AM
been mining XMR for the last few months and it's still working "ok".

Actually thinking of addind a few more cards but I dont know what the best watt per hash card is right now?

Mayby 750 ti or is there a AMD card that can compete? Right now I'm using undervolted 280x.


Title: Re: GPU Mining profitability is a joke
Post by: ayruel on October 13, 2014, 01:10:19 PM
lets create 3d gpu render farm community..
btw ..supercomputer still needed at animation studios,movie,cartoon,etc.


Title: Re: GPU Mining profitability is a joke
Post by: Equate on October 13, 2014, 01:12:15 PM
Mine's paid off and still mining at a profit.

which coin are you mining ?


Title: Re: GPU Mining profitability is a joke
Post by: Equate on October 13, 2014, 03:46:22 PM
Mine's paid off and still mining at a profit.

which coin are you mining ?

Multipool or NiceHash on X11.

I have 3 GPUs just sitting idle and will try multipool . Lets see if its worth the trouble  :D


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 13, 2014, 06:37:45 PM
Mine's paid off and still mining at a profit.

which coin are you mining ?

He's leaving the part out where he has custom kernels he won't share. Not that I blame him.


Title: Re: GPU Mining profitability is a joke
Post by: Michael98 on October 13, 2014, 06:40:53 PM
GPU mining at present is not a joke. Well! nothing is joking.

GPU has their value. like they can mine any coin and about asic, It can't.

Monero can be mined with it.


Title: Re: GPU Mining profitability is a joke
Post by: nsimmons on October 13, 2014, 06:54:20 PM
GPU mining at present is not a joke. Well! nothing is joking.

GPU has their value. like they can mine any coin and about asic, It can't.

Monero can be mined with it.

Monero has been mining at a loss since bcx threatened it. I don't know why the network rate is so high, it was lower when the coin was 2.18, now at 1.11, I'd lose about 5 dollars a day mining it. My my cheap tier one power at 0.07 i would make a dollar a day with monero, there's better opportunities elsewhere.