Is it still a viable option to mine with graphics cards?

[MarpleTrading]

It is profitable to mine if you have AMD graphics cards. Check all the various online mining calculators and see what's your break even point for electricity costs.

Don't buy any new GPUs for bitcoin mining, they will never pay off. The same with litecoin mining. Litecoin difficulty will raise dramatically.

The same goes for any mining equipment, ASICs for BTC and GPUs for LTC alike. You have to hope that price will rice massively for either to become profitable.

[MarpleTrading]

As far as I see, all cryptos are flawed to fail to ASIC devices and less rewards as time goes on.

Is this bad? Is this good? Some say its natural and will make BTC stronger, others say its the doom of Bitcoin.

Regardless of what you think, I think its a bit sad that you can´t use CPU for anything anymore, even with powerful chips, they are pretty much useless, which means there is something wrong in this cryptos.

Imagine, having the most powerful servers in the market, and they would still do nothing vs an ASIC cheap device.

The main heart of this crypto coins is to main its nature of being P2P, I don´t see how that is possible unless devices arrive to consumers.

I was lucky to get some, and bough others from other people, and still waiting months for others to arrive, but unless you are heavily into bitcoin, I don´t think the usual users will put this money on a hardware that will be obsolete in a few months, because even with ASIC you need to keep upgrading and upgrading, to make it profitable. Its a hard business, mining this days.

That is the problem with these crypto coins, it is a massive rat race you cannot win. All your gains need to be reinvested into faster and better hardware to stay on top of the game.

[tacoman71]

I would recommend that if you don't have an ASIC, to try Litecoin. The difficult is very low and there are no ASICs.  You can then use Vircurex.com to trade your LTC to BTC, if you need to.

Don't forget all the hordes of people that are mining bitcoins with GPUs. Once all those ASICs come online, difficulty will skyrocket. What will they do? Most likely they will flood litecoin, the second most prominent virtual currency. I suggest feathercoin or novacoin, which is worth about a couple dollars each.