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Author Topic: Is gpu mining dead?  (Read 2112 times)
amd1361 (OP)
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December 20, 2016, 10:59:50 PM
 #1

hi
as the difficulty of ethereum is rising day by day which means less profit, do you think that by the end of that gpu mining will be dead or there will be some hope to mine some new coins in the near future
i need your help cause i am planing to invest in gpu mining
thanks
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December 20, 2016, 11:03:10 PM
 #2

hi
as the difficulty of ethereum is rising day by day which means less profit, do you think that by the end of that gpu mining will be dead or there will be some hope to mine some new coins in the near future
i need your help cause i am planing to invest in gpu mining
thanks

The question you need to answer is what is your power cost?

If you are 10 cents  a kwatt you may be able to earn some money.

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BitMaxz
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December 20, 2016, 11:04:45 PM
 #3

I think ethereum mining still profitable that is why the difficulty is increasing more people are mining ethereum.
But you can try to find a good PoW algo or sha256 that you can mine that i think they are still profit try to mine monero.. or dogecoin..
Those are well known altcoin that i think it can rise up again soon into profitable....

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December 21, 2016, 02:33:13 PM
 #4

hi
as the difficulty of ethereum is rising day by day which means less profit, do you think that by the end of that gpu mining will be dead or there will be some hope to mine some new coins in the near future
i need your help cause i am planing to invest in gpu mining
thanks
well when you asking like this, and yu invest yur money on gpu, it will be dead on yur side, true miner, wont asking something like this, better yu invest to another thing
and eth will switch to pos(end of mining) around 6-8 next month

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eckmar
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December 21, 2016, 03:16:16 PM
 #5

hi
as the difficulty of ethereum is rising day by day which means less profit, do you think that by the end of that gpu mining will be dead or there will be some hope to mine some new coins in the near future
i need your help cause i am planing to invest in gpu mining
thanks
well when you asking like this, and yu invest yur money on gpu, it will be dead on yur side, true miner, wont asking something like this, better yu invest to another thing
and eth will switch to pos(end of mining) around 6-8 next month

That won't be the end of gpu mining. Coins like monero can take a load when miners transfer. Maybe other coins will appear that will take ethereum's place
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December 21, 2016, 03:43:31 PM
 #6

hi
as the difficulty of ethereum is rising day by day which means less profit, do you think that by the end of that gpu mining will be dead or there will be some hope to mine some new coins in the near future
i need your help cause i am planing to invest in gpu mining
thanks

The question you need to answer is what is your power cost?

If you are 10 cents  a kwatt you may be able to earn some money.

For the people in Western Europe, it is dead.
AltcoinScamfinder
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December 21, 2016, 04:15:40 PM
 #7

Yes it's dead. Please sell your GPUs now 😎

FOR RENT.
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December 21, 2016, 04:26:28 PM
 #8

I will say only this

Look at ethereum 1 year ago.

Is the best time for mining Zcash.
Not the best time to sell what you mined.
digitalgrow
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December 21, 2016, 08:41:53 PM
 #9

ive been mining on and off for the last few years
the thing with gpu mining
sometimes you got to take the bad with the good
the key is patience
just when your thinking gpu mining  is dead
something else comes around the corner
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December 21, 2016, 09:23:12 PM
 #10

ive been mining on and off for the last few years
the thing with gpu mining
sometimes you got to take the bad with the good
the key is patience
just when your thinking gpu mining  is dead
something else comes around the corner


+1... That's the reason why I don't sell off my GPU's and continue to buy more when I can. See, if you were wise enough, you could have made some nice earnings with 6 cards rig of RX 480's when ZEC was released. Who knows, maybe some similar situation with some new coin comes tomorrow.

BTW, it's still profitable if you're living at a place where electricity costs less than 15 cents per unit. I'm currently mining with electricity cost of around 14 cents, and I feel that it's very profitable as I'm getting coins + heat, which is a must in winters. I value that heat like of 9 cents worth.
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December 22, 2016, 01:21:52 AM
 #11

ive been mining on and off for the last few years
the thing with gpu mining
sometimes you got to take the bad with the good
the key is patience
just when your thinking gpu mining  is dead
something else comes around the corner


+1... That's the reason why I don't sell off my GPU's and continue to buy more when I can. See, if you were wise enough, you could have made some nice earnings with 6 cards rig of RX 480's when ZEC was released. Who knows, maybe some similar situation with some new coin comes tomorrow.

BTW, it's still profitable if you're living at a place where electricity costs less than 15 cents per unit. I'm currently mining with electricity cost of around 14 cents, and I feel that it's very profitable as I'm getting coins + heat, which is a must in winters. I value that heat like of 9 cents worth.
I agree,  I'm paying 14 cents/ kw. For each dollar  wasted on electricity  I'm getting +$1,5 ( 150% profitability) I'm mining ZEC of course
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December 22, 2016, 07:12:17 AM
 #12

ive been mining on and off for the last few years
the thing with gpu mining
sometimes you got to take the bad with the good
the key is patience
just when your thinking gpu mining  is dead
something else comes around the corner


+1... That's the reason why I don't sell off my GPU's and continue to buy more when I can. See, if you were wise enough, you could have made some nice earnings with 6 cards rig of RX 480's when ZEC was released. Who knows, maybe some similar situation with some new coin comes tomorrow.

BTW, it's still profitable if you're living at a place where electricity costs less than 15 cents per unit. I'm currently mining with electricity cost of around 14 cents, and I feel that it's very profitable as I'm getting coins + heat, which is a must in winters. I value that heat like of 9 cents worth.
I agree,  I'm paying 14 cents/ kw. For each dollar  wasted on electricity  I'm getting +$1,5 ( 150% profitability) I'm mining ZEC of course
the problem is when speing summer hits those fucks jack up electricty costs on on top of that
you have to find ways to deal with all that generated heat too, winter mining is easy
its spring and summer mining that separates the men from the boys so to speak

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December 22, 2016, 08:18:32 AM
 #13

gpu mining isn't dead when you pay 5cents per kwh
btw will someone be interested in ready environment (with air vents, conditioning and security) with 5cents per kwh and a rental fee ?
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December 22, 2016, 08:32:22 AM
 #14

For the people in Western Europe, it is dead.

Welcome to Ukraine = we have many _legal_ ways to minimize electricity costs. I pay fix $10\month for ~10Kw\h line - mining will stay profitable even zcash ot eth costs 0.00001 btc
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December 22, 2016, 08:37:04 AM
 #15

For the people in Western Europe, it is dead.

Welcome to Ukraine = we have many _legal_ ways to minimize electricity costs. I pay fix $10\month for ~10Kw\h line - mining will stay profitable even zcash ot eth costs 0.00001 btc
Hello neighbor Smiley
That is a fixed price for electricity or you still pay per kwh ?
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December 22, 2016, 08:37:26 AM
 #16

No it isn't. All will depends of your power cost. Someone paying 0,18$+/KWh won't be much profitable, so he will probably stop, but for people getting the kilowatthour at 0,05$ will be very profitable, even for now.
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December 22, 2016, 08:46:50 AM
 #17

Hello neighbor Smiley
That is a fixed price for electricity or you still pay per kwh ?

Hello:)

I still pay only $10\month for unlimited 50A line (~10Kw). I dont have an electric meter, so I can't pay +per kwh:)
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December 22, 2016, 08:55:34 AM
 #18

Hello neighbor Smiley
That is a fixed price for electricity or you still pay per kwh ?

Hello:)

I still pay only $10\month for unlimited 50A line (~10Kw). I dont have an electric meter, so I can't pay +per kwh:)
it sound quit good for you, do you have any limit on kw?
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December 22, 2016, 09:11:53 AM
 #19

Hello neighbor Smiley
That is a fixed price for electricity or you still pay per kwh ?

Hello:)

I still pay only $10\month for unlimited 50A line (~10Kw). I dont have an electric meter, so I can't pay +per kwh:)
it sound quit good for you, do you have any limit on kw?

He said the limit is 10kW.
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December 22, 2016, 10:00:34 AM
 #20

He said the limit is 10kW.

line capacity is 10Kw. No limit at all, the limit is wire diameter.
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