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Author Topic: Worth it to mine?  (Read 882 times)
Epicblood
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October 09, 2013, 09:15:28 PM
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Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)
To mine Altcoins (using multipool) ?

I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD

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Shmoopy
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October 09, 2013, 09:55:14 PM
 #2

might as well go with an ASIC if you're gonna buy 4 or 5 more cards. If you don't like the BTC output, mine PPC or something.

fiddelingones
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October 09, 2013, 10:06:57 PM
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Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)

Electricity cost matters here.
Profitability calculator will tell you if it is worth .

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October 10, 2013, 12:03:06 AM
 #4

I just shut down my GPU recently because my electricity costs are higher now then LTC or multipool coins I mine. BTW, I've found that on average multipool profitability is lower then just mining straight LTC. It's sad, because they do have LTC on the pool, so theoretically mining on multiport  should be more profitable.

I'm mining XPM now with CPU

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
hulk
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October 10, 2013, 02:34:44 AM
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I just shut down my GPU recently because my electricity costs are higher now then LTC or multipool coins I mine. BTW, I've found that on average multipool profitability is lower then just mining straight LTC. It's sad, because they do have LTC on the pool, so theoretically mining on multiport  should be more profitable.

I'm mining XPM now with CPU

Whats your electricity cost, it should still be profitable.

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October 10, 2013, 04:04:14 AM
 #6

$0.11/kwh

My computer eats 250w/h and produces 390kH/s script.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
hulk
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October 10, 2013, 04:32:07 AM
 #7

Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)
To mine Altcoins (using multipool) ?

I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD


Not profitable anymore

Look here, https://btc-e.com/exchange/ltc_usd.

Litecoin price is dropping fast and difficulty is at 1040.

Wilhelm
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October 10, 2013, 04:35:55 AM
 #8

Mining is not off-the-bat profitable, in my opinion, unless you put in a load of cash when a new ASIC can be pre-ordered. Are you willing to invest a few thousand on a possible scam?

Saying that, mining is fun and it can be seen as an investment. BTC and alt-coins values might rise so maybe you will mine your $1 Microsoft/Apple share which will become millions.  Smiley

Mining has another benefit and that is an anonymous source for your money, if you solomine or use an anonymous email when in a pool. You wouldn't want the police to link your email with a crack deal on the silk roads would you Cheesy

Investing in a GPU is better than an ASIC if you like gaming since you can game and mine in off hours.
GPU's probably make more noise when pushed to the max.

I still use my GPU for mining new alt coins and hoping one will skyrocket  Wink

Have fun and good luck!

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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October 10, 2013, 08:29:53 AM
 #9

Most of the altcoins worth GPU mining.

hulk
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October 10, 2013, 08:30:19 AM
 #10

Really sad seeing litecoin drop from high of $3 to about 1.8$ while dificulty is at a thousand.

Shouldn't the price increase when difficulty increase?

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October 10, 2013, 08:35:25 AM
 #11

Really sad seeing litecoin drop from high of $3 to about 1.8$ while dificulty is at a thousand.

Shouldn't the price increase when difficulty increase?

It's the other way round - difficulty increase when price increase. When price decreases, difficulty should drop too.

The next difficulty for Litecoin is estimated to reduce even further as a result of the price drop. http://bitcoinwisdom.com/litecoin/difficulty

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LiteMine
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October 11, 2013, 01:13:50 AM
 #12

Until about April, people were mining for speculation rather than a paycheck. As long as the electricity doesn't hurt you, go for it, but with the knowledge that you may not reach your ROI.
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October 11, 2013, 01:27:49 AM
 #13

Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)
To mine Altcoins (using multipool) ?

I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD


Wait for R9-290x and see if its really much better for mining.

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October 11, 2013, 07:39:36 AM
 #14

Is it still worth it to buy GPUs and create a GPU farm (prolly no more than 5)
To mine Altcoins (using multipool) ?

I currently just mine with a single GPU and get about 300 KH/s so either want to stop or go bigger xD


Wait for R9-290x and see if its really much better for mining.

If that card can use under 200 watts, then it might be worth it.


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Litecoin is right coin


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October 11, 2013, 08:06:10 AM
 #15

Mine BBQCoin.

Fernandez
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October 11, 2013, 09:42:12 AM
 #16

Invest the money in buying BTC or any altcoin of your choice.






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Snail2
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October 11, 2013, 09:52:14 AM
 #17

I think you can make more profit from trading and investing your money than from mining.
juve4v
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October 11, 2013, 09:52:30 AM
 #18

CPU mining turned to be more profitable than GPU mining lately, if you know what/when to mine and what/when to sell.
clock27
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October 11, 2013, 12:30:43 PM
 #19

my 2 miners are on solar power Smiley but i don't get much out of them cause i don't have any specialized equipment yet

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