Bitcoin Forum

Bitcoin => Mining => Topic started by: grendel25 on November 25, 2014, 04:38:02 AM



Title: Sidelined
Post by: grendel25 on November 25, 2014, 04:38:02 AM
I'm a newbie GPU miner.  I chose GPUs and still would because I enjoy the flexibility of gliding across the algorithm spectrum over which bitcoin reigns.  I held out and mined as long as I could to attain the almighty bitcoin.  Finally, I've come to the conclusion that my miners will sit idle until the crypto scene is once again profitable here in the land of $.15 per Kw/hour electricity. 

It hasn't even been a year since I started which leaves me with severely dashed hopes.  But I am still hopeful for crypto to once again make headlines and have GPU prices soaring far past what they should be. 

I'm proud of my own accomplishments even though I haven't yet been profitable.  I built a respectable fleet of miners totalling 15 GPUs across 5 platforms.  I gained an appreciation for server managers as they are surely profiting despite recent slow downs.  I sorted through code, learned about compilation and dependencies and tweaked/optimized feverishly to attain optimized mining results.

I do continue mining on some cards that are more cost effective so I have some meager bitcoin coming my way but not much.  I'm eyeing the markets like a hawk and hope to see my GPUs reenter the fray someday.

This has been a fun and enlightening experience.  I understand what bitcoin is and I couldn't really say that a year ago.  For all the good, for all the evil, for everything in between... I'm glad and looking forward to what comes next even though I admit defeat for now.

I know... I know, cool story, thx for sharing, etc etc.  Sorry if you read this far and feel it was nothing worth reading but I'm certainly not sorry for typing it.


Title: Re: Sidelined
Post by: odolvlobo on November 25, 2014, 05:10:40 AM
I'm a newbie GPU miner.  I chose GPUs and still would because I enjoy the flexibility of gliding across the algorithm spectrum over which bitcoin reigns.  I held out and mined as long as I could to attain the almighty bitcoin.  Finally, I've come to the conclusion that my miners will sit idle until the crypto scene is once again profitable here in the land of $.15 per Kw/hour electricity. 

It hasn't even been a year since I started which leaves me with severely dashed hopes.  But I am still hopeful for crypto to once again make headlines and have GPU prices soaring far past what they should be. 

I'm proud of my own accomplishments even though I haven't yet been profitable.  I built a respectable fleet of miners totalling 15 GPUs across 5 platforms.  I gained an appreciation for server managers as they are surely profiting despite recent slow downs.  I sorted through code, learned about compilation and dependencies and tweaked/optimized feverishly to attain optimized mining results.

I do continue mining on some cards that are more cost effective so I have some meager bitcoin coming my way but not much.  I'm eyeing the markets like a hawk and hope to see my GPUs reenter the fray someday.

This has been a fun and enlightening experience.  I understand what bitcoin is and I couldn't really say that a year ago.  For all the good, for all the evil, for everything in between... I'm glad and looking forward to what comes next even though I admit defeat for now.

I know... I know, cool story, thx for sharing, etc etc.  Sorry if you read this far and feel it was nothing worth reading but I'm certainly not sorry for typing it.

I don't think you will ever be mining with those GPUs again. I calculated that with the current difficulty, a GPU with an efficiency of 3 MH/J will break even at $0.10/kWh only if BTC is over $64k.


Title: Re: Sidelined
Post by: mkc on November 25, 2014, 05:13:39 AM
You are not a newbie to me. You are a guru already.