mining

[flexgroo]

Hi guys last year i started to get into this when it jumped up to 1100 or so, and was giving some btc to a guy lmontrose that was going to get the new machines, well i just came back from a deployment, looks like he failed and made off with some of my btc

But i would like to know how, if its worth mining and what are the best ways to do it now, i have not even looked at whats out in the last year.

im guess GPU are not worth it anymore, and last i heard 3 was fastest, not sure, and now that btc is really cheap are the machines still expensive?

thanks for any help

[byt411]

Hi guys last year i started to get into this when it jumped up to 1100 or so, and was giving some btc to a guy lmontrose that was going to get the new machines, well i just came back from a deployment, looks like he failed and made off with some of my btc

But i would like to know how, if its worth mining and what are the best ways to do it now, i have not even looked at whats out in the last year.

im guess GPU are not worth it anymore, and last i heard 3 was fastest, not sure, and now that btc is really cheap are the machines still expensive?

thanks for any help

Unless you have free electricity and a couple thousand bucks, I would advise against mining, especially since you have no idea.

[notlist3d]

Hi guys last year i started to get into this when it jumped up to 1100 or so, and was giving some btc to a guy lmontrose that was going to get the new machines, well i just came back from a deployment, looks like he failed and made off with some of my btc

But i would like to know how, if its worth mining and what are the best ways to do it now, i have not even looked at whats out in the last year.

im guess GPU are not worth it anymore, and last i heard 3 was fastest, not sure, and now that btc is really cheap are the machines still expensive?

thanks for any help

Machines are far more powerful then GPUs.  Both sha and scrypt have been overtaken by asics.   

I would say a lot has to do with electricity price.   Currently GPU is dead for most I know i pulled mine quite a bit back and sold them off.

[xstr8guy]

The very least you could do is try reading just one of the other dozens of threads that have already addressed this exact same topic. 

[jonnybravo0311]

Hi guys last year i started to get into this when it jumped up to 1100 or so, and was giving some btc to a guy lmontrose that was going to get the new machines, well i just came back from a deployment, looks like he failed and made off with some of my btc

But i would like to know how, if its worth mining and what are the best ways to do it now, i have not even looked at whats out in the last year.

im guess GPU are not worth it anymore, and last i heard 3 was fastest, not sure, and now that btc is really cheap are the machines still expensive?

thanks for any help

First, thanks for your service and welcome back from deployment.
Second, sucks that you lost some coin.
Third, take a look at the thousand or so threads asking this very question.  General consensus is that at this point in time the era of home mining, even with ASIC hardware, is over.  Don't get me wrong, you can still mine, and there's still hardware to buy, but you're going to be doing it at a loss.

[goozman96]

Bitcoin is cheap, machines have decreased in price too, but not enough, so in my opinion, you're better off buying bitcoin instead of buying a miner. Unless, like was mentioned above, you have free electricity.

[petersiddle98]

Bitcoin is cheap, machines have decreased in price too, but not enough, so in my opinion, you're better off buying bitcoin instead of buying a miner. Unless, like was mentioned above, you have free electricity.

Agree, also we should all being buying bitcoin now since its at a discount....

[ranochigo]

GPU mining is a history since last year October, a single USB miner can easily be faster than a world fastest GPU while consuming less power and emitting less heat. My advice is, sell those GPUs and either save them or spend them on BTC. Try as much as possible, don't buy ASICS, unless they are proven and will ship on time or you have very cheap/free electrical rates.

[thew3apon]

GPU mining is a history since last year October, a single USB miner can easily be faster than a world fastest GPU while consuming less power and emitting less heat. My advice is, sell those GPUs and either save them or spend them on BTC. Try as much as possible, don't buy ASICS, unless they are proven and will ship on time or you have very cheap/free electrical rates.

Well, the good thing about GPU is it can mine any algo. I was using GPU to mine scrypt until scrypt asic killed the market

[notlist3d]

GPU mining is a history since last year October, a single USB miner can easily be faster than a world fastest GPU while consuming less power and emitting less heat. My advice is, sell those GPUs and either save them or spend them on BTC. Try as much as possible, don't buy ASICS, unless they are proven and will ship on time or you have very cheap/free electrical rates.

I would agree.  Avoid most pre-orders.  Only a few companies can be trusted, majority seem to have many many setbacks.  Some even lucky if they ship.