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Author Topic: Best new altcoin for gpu mining?  (Read 249 times)
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June 12, 2018, 01:10:39 PM
 #1

Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?

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June 12, 2018, 01:20:28 PM
 #2

Seems like now the gpu mining is not profitable anymore. In the middle of bearish time we have upon us. Should I sell the gpus for now?

Many feel that now is a good time to sell GPUs. There is so much at risk because of all the threats incoming. Consider the following listed below, do your own research, and make your decision.

  • ASICs like the Z9 and E3 are incoming
  • FPGAs are now being sold to the community
  • NVIDIA is coming out with a new series of GPUs
  • The difficulty of coins keeps getting higher with or without ASICs

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June 12, 2018, 01:31:13 PM
 #3

I have GPU and asics. Why sell GPU? There are many algorithms that support mining GPU. You will always have an alternative. I do not know whether I will buy the GPU or not, but I will not sell my own. There's always bitcoin, altcoins and Fiat in my wallet. You also need to do in mining.


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June 12, 2018, 01:35:36 PM
 #4

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.

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June 12, 2018, 01:35:43 PM
 #5

I have GPU and asics. Why sell GPU? There are many algorithms that support mining GPU. You will always have an alternative. I do not know whether I will buy the GPU or not, but I will not sell my own. There's always bitcoin, altcoins and Fiat in my wallet. You also need to do in mining.

What algos do you mine right now? Name them. So maybe I could start to mine again because I feel like giving up already.  Embarrassed

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June 12, 2018, 01:42:22 PM
 #6

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.

problem is if dont sell gpu now.. price will decline too much and result in bigger loss.

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June 12, 2018, 01:54:54 PM
 #7

Well it depends upon your evaluation on the mining expenses and profits. If i were you since market nowadays is down and i know that mining also will go down so if things will not going to make you profit i suggest that you should stop mining for now and go back when you can see that there are huge mining activities needed or when crypto market goes strong again. I bet you had another form of investment aside from mining crypto?

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June 12, 2018, 01:56:15 PM
 #8

In 2014 when the Crypto market was at a marketcap of 10B> and a fraction of what it currently is, the majority of GPU minable coins were based on Scrypt and X11. Mining was then taken over by ASIC's, FPGA's and multipools, which combined with a 60% correction in BTC caused GPU mining to become unprofitable across the board and negative in many cases after power costs. Back then many people said it was the end of GPU mining, but they were wrong. New POW algorithms were developed and those that kept mining were able to reap huge returns once the market recovered.

What I have learned is profitability comes and goes with market, but as long as the market keeps growing and developing, its not a reason to stop mining. When profitability is low, if you can afford to keep your rigs running without having to sell the majority of your Crypto, it's an opportunity to accumulate coins at a lower cost that you can buy them for when the market eventually recovers.
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June 12, 2018, 02:10:03 PM
 #9

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.
if so then you should still to mining with and find out another coin at least can be paying for an electricity bill. if I still mining on ETH (AMD cards)  because of in my country it electricity cost still makes sense.

Note:
Electricity cost is the primary problem for miners.

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June 12, 2018, 02:18:33 PM
 #10

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.
if so then you should still to mining with and find out another coin at least can be paying for an electricity bill. if I still mining on ETH (AMD cards)  because of in my country it electricity cost still makes sense.

Note:
Electricity cost is the primary problem for miners.

not only that, also declining gpu prices

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June 12, 2018, 02:46:17 PM
 #11

not only that, also declining gpu prices
yes, it is a difficult choice on another side of mining rigs when running not making profitable and in another side, when want to sell its GPU prices decreased.

keep the spirit, Bud

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June 12, 2018, 03:31:50 PM
 #12

I think it will still depend on what coin you are mining if you focus on zcash and ethereum mining there's a possibility that you can be lost profit when selling it at the low price so you must hold them for a long time and sell them when the price is increasing and made you a profit.
Because everything here in altcoin mining is unpredictable that is why the other miners are mining potential altcoin because they know someday the price will increase higher and made them a huge profit.
So for me not a good idea to sell GPU's instead be smart if what altcoin you must choose and hold them for a long time. not a more than a year.


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June 12, 2018, 03:57:07 PM
 #13

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.
if so then you should still to mining with and find out another coin at least can be paying for an electricity bill. if I still mining on ETH (AMD cards)  because of in my country it electricity cost still makes sense.

Note:
Electricity cost is the primary problem for miners.

not only that, also declining gpu prices

What GPUs do you have?  That would be a factor in deciding if you want to sell them or not.
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June 12, 2018, 04:05:43 PM
 #14

Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.

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June 13, 2018, 09:24:30 AM
 #15

if you feel can't a profitable and meet the cost of expenses and if this a better way, why not but Personally, I never think to sell my GPU because still have some confidence it the market returns back to normal. already 2,5 years I do it until now  I still mining.
problem is if dont sell gpu now.. price will decline too much and result in bigger loss.
if so then you should still to mining with and find out another coin at least can be paying for an electricity bill. if I still mining on ETH (AMD cards)  because of in my country it electricity cost still makes sense.

Note:
Electricity cost is the primary problem for miners.

not only that, also declining gpu prices

What GPUs do you have?  That would be a factor in deciding if you want to sell them or not.

i have many 1050 ti cards. They're efficient at mining but the difficulty/price has change a lot in few months.

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June 13, 2018, 04:35:16 PM
 #16

Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.

sure, with GPU-s everyone can change algos dynamically, if you will not be lazy - you can earn more money compared with the same cost of ASICs
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June 14, 2018, 04:04:32 AM
 #17

You have to do your due diligence and research and then decide as this really does change on a daily if not somewhat hourly basis.

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June 15, 2018, 09:40:40 AM
 #18

Please don't sell the gpu mining and change to asic mining. Because as the masters at upper post says a lot algorithm coin can handled by gpu. You can choose what coin will to mine, and think that activity is excited and give us more experience.

sure, with GPU-s everyone can change algos dynamically, if you will not be lazy - you can earn more money compared with the same cost of ASICs

I am not buying ASICs. I am thinking of selling GPUs, and just trade for now. And buy new series GPUs. What do you guys think?

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