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cryptocoinplay (OP)
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October 18, 2017, 07:06:16 AM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners.  and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know...  |
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Pursuer
Legendary
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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October 18, 2017, 07:18:00 AM |
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just the fact that you can mine it, alone doesn't mean it is going to also be profitable.
it depends on a lot of factors. most important of all is the price of Bitcoin Gold. then the cost of the mining, which is mostly the electric bill that you have to pay and the investment you have to make in the equipment.
so you can't really say "... mine a lot of money..." unless you see how much BTG is going to be traded at.
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Only Bitcoin
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ChaosCauser
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Activity: 34
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October 18, 2017, 07:44:04 AM |
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I'm curious too as to what the profits are gonna be with GPU mining  I guess we'll have to wait after the 25th of October to know? |
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cryptocoinplay (OP)
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October 18, 2017, 07:48:31 AM |
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I'm curious too as to what the profits are gonna be with GPU mining I guess we'll have to wait after the 25th of October to know? Yes, I guess too. And maybe BTG price will be same as BTC and if that happens that will be goldmine for GPU miners. Because I will purchase 4x AMD 580 then and start making money haha... |
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mocacinno
Legendary
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Activity: 3388
Merit: 4922
https://merel.mobi => buy facemasks with BTC/LTC
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October 18, 2017, 07:51:14 AM |
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I'm curious too as to what the profits are gonna be with GPU mining I guess we'll have to wait after the 25th of October to know? Yes, I guess too. And maybe BTG price will be same as BTC and if that happens that will be goldmine for GPU miners. Because I will purchase 4x AMD 580 then and start making money haha... I would doubt this, very much... I don't foresee the price to be near the price of BTC. If it was, thousands of people would fire up their GPU mining rig, and drive the diff waaaay up. You'd still be making money in this (utopian) case, but i doubt it would be a "goldmine" (pun intended  ).. Don't get me wrong, i'd love to see a world where the bitcoin hashrate would become decentralised again, but i very much doubt that bitcoin gold will be the answer. I just think it'll become an altcoin, like many before, with the possible exception their blockchain will keep btc's transaction history up untill the point of the actual fork. That's just my opinion tough, i can be wrong, but i doubt it... |
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Munz77
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October 18, 2017, 10:01:18 AM |
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Is there a site with settings etc so we can prepare?
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Jukagid
Newbie
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October 18, 2017, 10:12:43 AM |
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I'm curious too as to what the profits are gonna be with GPU mining I guess we'll have to wait after the 25th of October to know? Yes, I guess too. And maybe BTG price will be same as BTC and if that happens that will be goldmine for GPU miners. Because I will purchase 4x AMD 580 then and start making money haha... Is there any pool for GTG? |
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mrdenis
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October 18, 2017, 10:16:55 AM |
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Anyone knows when there will be more details about mining bitcoin gold - miner, pool, etc.?
After or before fork actually happens...?
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coinfoundry
Full Member
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Activity: 292
Merit: 100
Miningcore
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October 18, 2017, 10:28:25 AM |
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I'm curious too as to what the profits are gonna be with GPU mining I guess we'll have to wait after the 25th of October to know? Yes, I guess too. And maybe BTG price will be same as BTC and if that happens that will be goldmine for GPU miners. Because I will purchase 4x AMD 580 then and start making money haha... Is there any pool for GTG? We are hard at work to have a BTG pool up and running on launch day at https://poolmining.org. Please check back on launch day - assuming the BTG developers are able to hit their deadline of 25th October. |
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ZenFr
Legendary
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Activity: 1260
Merit: 1046
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October 18, 2017, 10:44:37 AM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners. and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know... No reals informations about Bitcoin Gold mining. If Bitcoin gold is GPU mineable, the expected revenue will depends of the numbers of miners and the price of the coin. Do you have these information ? No. ou have to wait and see the "D day". But AMD GPU are bad to mine the expected BTG algo |
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mrdenis
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October 18, 2017, 11:24:06 AM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners. and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know... No reals informations about Bitcoin Gold mining. If Bitcoin gold is GPU mineable, the expected revenue will depends of the numbers of miners and the price of the coin. Do you have these information ? No. ou have to wait and see the "D day". But AMD GPU are bad to mine the expected BTG algo Therefore, nvidia graphics will be preferred? Which algo is expected? |
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npredtorch
Legendary
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Activity: 1246
Merit: 1049
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October 18, 2017, 11:39:50 AM |
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Looking on the other perspective, I think you've already highlighted the answer. I guess their domain name speaks for itself that this new fork of btc is for gpu miners. BTCGPU.ORG / BTC + GPU
As far as the price is concern, I'm sure that it wouldn't surpass or even get an equivalent price the same with BTC. It's already been tested out on the BCH fork and I have a strong feeling that it would be the same.
Well, if the fork truly happens then it's not bad idea to evaluate it first and try to gpu mine to check the profitability.
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Whitennerdy
Newbie
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Activity: 14
Merit: 0
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October 18, 2017, 11:44:02 AM |
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I'm seriously doubting if btc gold will be every proftiable. There are many miners that looking for an alternative to mining ETH, but this is you decision
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Miner4ever
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October 18, 2017, 11:51:58 AM |
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There are great chance that bitcoin gold will be profitable. But that depend of number of people join mining.
Almost all coin are profitable on low difficulity, so worth to try in any case.
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btcprospecter
Sr. Member
Offline
Activity: 504
Merit: 251
★777Coin.com★ Fun BTC Casino!
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October 18, 2017, 11:52:57 AM |
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Initially miners will try mining bitcoin gold if it isn't profitable then they will just switch back to whatever is more profitable. It will be interesting nonetheless. Do we know what pools are going to support it?
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Sev18
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October 18, 2017, 12:00:51 PM |
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Nothing is decided yet. It depends on its difficulty and coin price.
But AMD gpu seems to have low profitability compared to NVIDIA, because of its algorithm, equihash.
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Qunenin
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October 25, 2017, 04:43:29 PM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners. and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know... Who knows until it happens. It is being announced as equihash, so a computer could possibly handle it. It depends on many factors. The very fact that it is being put out there as a fork will give it some following and that could mean a lot of mining. The announcements seem to push people to trade and buy, but until that moment there is no telling what the diff will be, the value, or anything. |
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Jukagid
Newbie
Offline
Activity: 64
Merit: 0
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October 28, 2017, 09:39:07 AM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners. and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know... Who knows until it happens. It is being announced as equihash, so a computer could possibly handle it. It depends on many factors. The very fact that it is being put out there as a fork will give it some following and that could mean a lot of mining. The announcements seem to push people to trade and buy, but until that moment there is no telling what the diff will be, the value, or anything. The developer is not very competent. So it might not happen. |
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savioroshan
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October 28, 2017, 10:11:51 AM |
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Hi There, I'm not that expert in mining or not related to as I don't have that much money to buy powerful ASIC machines to mine bitcoins...
But, according to btcgpu.org Bitcoin Gold is for GPU miners. and that can really mine a lot of money using GPU's right?
How much money they can make with AMD RX580 8GB? Seems like a noob type question but really interested to know... Buddy, what you heard is right, Bitcoingold is mined using gpu cards and it is asic resistant. But now we cant say much about its profitability because I heard its mining will start from november15th. So lets wait till then. Even I am also planning to mine it. Just waiting for miners reviews about it. If its profitable I will try a hand on it . Hope its price will increase in future. |
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DJMorgan
Newbie
Offline
Activity: 27
Merit: 0
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October 28, 2017, 10:47:16 AM |
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It should cost no less than 400-700$ to make it profitable to get it I don't see the benefits in production.  |
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