Still worth buying GPUs?

[ImHash]

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

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[PovertyByte]

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

There is not an abundance of hash rates reported on every coin with all the new cards. It is blurry where to go for new purchases.

[bitwhizz]

All in all I think anyone buying a GPU at any point over the past 5 years would have made profit, as it seems there is always a new coin or algorithm introduced to replace the ones that die off or go asic. Some months you may only be making a few dollars or cents per GPU profit, but then it seems every 6 month or so something new hits where you can hit hardware ROI in as little as 30 days.

[QuintLeo]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

 IMO the only reason to risk buying new gear (or even not-super-cheap USED gear) for mining Ethereum with is *IF* you were going to buy it anyway for some OTHER use, and plan to mine Ethereum just to help pay PART of the cost of the gear.


 Technically, planning to "resell" the gear might count, but I'd hate to COUNT on that with the rapidly declining profitability of Ethereum mining.

[Ultrabat]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

 IMO the only reason to risk buying new gear (or even not-super-cheap USED gear) for mining Ethereum with is *IF* you were going to buy it anyway for some OTHER use, and plan to mine Ethereum just to help pay PART of the cost of the gear.


 Technically, planning to "resell" the gear might count, but I'd hate to COUNT on that with the rapidly declining profitability of Ethereum mining.

I have the high electricity price of $0.23/kWh. So I will not buy graphics now to mine. The difficulty is too high.

[blg42598]

I'm still buying GPUs. I get them half off and my electricity is around $0.09

[squatz1]

It's still profitable but you have to be smart about what you mine and how you do it.

For whatever coin you go ahead and mine, if you see that you're making a constant profit for a day or a week or so I would go ahead and put that into BTC so you don't risk the coin fluctuating. Which is what most altcoins will do.


Goodluck with this!

[Ultrabat]

I'm still buying GPUs. I get them half off and my electricity is around $0.09

With that electricity price, you can buy the very inefficient GPU and still make some profits. Good luck.

[Docnaster]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

It always depends on what GPU's you are looking for or you are buying for because if its for bitcoin its hard now to earn bitcoin from this hardware and for this ethereum i guess yes it is better to mine alternative coin than the main coin there are many coin in internet you can also do search what is the most demand in market.

[niksdt101]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

It always depends on what GPU's you are looking for or you are buying for because if its for bitcoin its hard now to earn bitcoin from this hardware and for this ethereum i guess yes it is better to mine alternative coin than the main coin there are many coin in internet you can also do search what is the most demand in market.

but seems like ethereum  will swtich to pos and there will be no profitable coin to mine as for now. only time will tell

[Ultrabat]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

It always depends on what GPU's you are looking for or you are buying for because if its for bitcoin its hard now to earn bitcoin from this hardware and for this ethereum i guess yes it is better to mine alternative coin than the main coin there are many coin in internet you can also do search what is the most demand in market.

but seems like ethereum  will swtich to pos and there will be no profitable coin to mine as for now. only time will tell

The Ethereum will change to PoS. But there will be ZCash to mine. It will be released in later October.

[Altcoinsupporter]

Still worth buying GPUs? With Ethereum mining getting tough. Can we hope for another profitable coin?

It always depends on what GPU's you are looking for or you are buying for because if its for bitcoin its hard now to earn bitcoin from this hardware and for this ethereum i guess yes it is better to mine alternative coin than the main coin there are many coin in internet you can also do search what is the most demand in market.

but seems like ethereum  will swtich to pos and there will be no profitable coin to mine as for now. only time will tell

The Ethereum will change to PoS. But there will be ZCash to mine. It will be released in later October.

Yes, maybe its worth it but nothing is sure so I think that it worth it if you are willing to take the risks.
Most will not do this but we wil see if it will happen.

[Cryptozillah]

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

[Ultrabat]

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

The main usage of the GPU mining is for the Ethereum. But Ethereum will go POS early next year.

[Cryptogott]

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

The main usage of the GPU mining is for the Ethereum. But Ethereum will go POS early next year.

Wtf, is this confirmed?

If this ever happens, it means many many many cheap GPU are on their way to ebay.

[adaseb]

I am still buying more RX cards.
I see no big risks because this aint some asic crap that is worthless when the moment have passed.
Gamers will keep buying used gpu:s.

The main usage of the GPU mining is for the Ethereum. But Ethereum will go POS early next year.

Wtf, is this confirmed?

If this ever happens, it means many many many cheap GPU are on their way to ebay.

GPUs surprisingly hold their values well. Most of the R9 280X that were sold on eBay in 2014 only sold for 50% off retail.

[Lanatsa]

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

[Amph]

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

and 1070, since i'm mining with a similar rate, actually higher, and there is still some tiny profit $10-20 per gpu per month

[shield132]

All in all I think anyone buying a GPU at any point over the past 5 years would have made profit, as it seems there is always a new coin or algorithm introduced to replace the ones that die off or go asic. Some months you may only be making a few dollars or cents per GPU profit, but then it seems every 6 month or so something new hits where you can hit hardware ROI in as little as 30 days.

If we will discuss like you, than with antminer 9 over the past 6 years you would make great profit.
As everyone knows it depends on electricity costs, hashrate and hardware itself. I wouldn't risk buying GPU's now but if you have much free time and nerves than find altcoins and try mining one of them which is profitable because in litecoin and other similars coins difficulty is increased. Also try to use calculator of your altcoin you are going to mine and you will see how much will be your profit in today's situation.

[Lanatsa]

it's not only eth to mine with gpu's you can mine all sorts of coins with them, have you ever tried to do that?

If your electricity price is over $0.2 per kWh, it is only profitable to mine with the AMD RX 470 or 480 now.

and 1070, since i'm mining with a similar rate, actually higher, and there is still some tiny profit $10-20 per gpu per month

The 1070 costs about $500. So that will take up to 25 months to get the original investment back. However, you can also sell the cards later.