Why mining X11 coins is not profitable?

[taxli]

yeah,some fgpa mining X11

[DMacleod]

now profitable 

Not really

[Acidyo]

I went to a 2600 meeting and was offered a modified cgminer and driver for Gridseed to mine X11. The dude wanted 20 BTC for it. I watched him install it and submit shares so its legit.

fpga

yeah,many many fpga mining x11

I wonder if this is true.
More proof pls.

There are only rumours about x11 fpga atm and nobody has posted any substantial proof . But it could be possible.

When the time comes that we know there are asic's or fpga's for x11 it's time to move to another algo.

Same thing with scrypt, people were saying a couple of months back that there won't ever be scrypt asic's, look where we are now.

Only thing that concerns me is the time it's taking people to switch from scrypt to x11 or any other algos out there.

[SpeedDemon13]

Seems like it isn't profitable at the moment, if even marginal. Comparing the difficulty of mining some of these coins don't correlate to the market prices. Maybe the whales aren't sold on X11 yet or X11 coins are not getting enough advertisement in the public, who knows. Does look really dire for gpu mining at the moment, unless you got super cheap electricity and/or designed a fpga to mine it efficiently. Only thing I see profitable to mine with gpu's is XPM.

[Noruka]

So I've been thinking:

X11 is cooler, consumes about 40% less electricity. Should be very important for all GPU miners (or almost all of them).
So why all X11 coins are not profitable to mine?

What is your opinion?

X11 is not as "profitable" as if you directed those same cards to something like N-scrypt; however it has alot of advantages that make it worth it. For me, I am stuck in a small 1 bedroom apartment with 3 machines that have 6 cards in them each so i HAVE to mine something cooler for summer. otherwise ill have to cut down so much that i would earn less mining less scypt/n-scrypt coins. I also believe, even with the current rise in DRK value, that DRK is extremely undervalued for the actual improvements that come along with DRK. VTC/DOGE don't add anything new technologically to the scene so they don't actually add anything usefull to the CC community.

so it depends on what your goal is. Mine is to mine a coin that actually furthers advancement in the CC world AND wont burn me alive in the summer AND will only cost me up to 10% of what i could get with N-scrypt.

DRK does that for me (for now). Will it still be the same in a month? I have no idea. Sure id rather earn 1.4 BTC equiv a month with VTC but i would rather earn 1-1.2 BTC equiv and not burn alive in my apartment.

[ingvarfervent]

now only POS coins profitable 

but I still use X11 on TMB + Nicehash

[Samuray]

What does fgpa means? 

[Eastwind]

What does fgpa means? 

Field Programmable Gate Array

[Zeta0S]

http://www.bitcoinupdate.nl/home/cleverhash-bezig-bouw-x11-asic-miner

[djm34]

http://www.bitcoinupdate.nl/home/cleverhash-bezig-bouw-x11-asic-miner

delivery in a year from now... stop propagating false rumor (or not actually  )

this is funny to put a dutch article here, when they have their own thread on the forum...