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Epicblood (OP)
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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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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Shmoopy
Member
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Activity: 71
Merit: 10
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October 09, 2013, 09:55:14 PM |
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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.
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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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belltown
Sr. Member
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Activity: 301
Merit: 250
still can't change my profile pic
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October 10, 2013, 12:03:06 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
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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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belltown
Sr. Member
Offline
Activity: 301
Merit: 250
still can't change my profile pic
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October 10, 2013, 04:04:14 AM |
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$0.11/kwh
My computer eats 250w/h and produces 390kH/s script.
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hulk
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October 10, 2013, 04:32:07 AM |
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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
Not profitable anymore Look here, https://btc-e.com/exchange/ltc_usd. Litecoin price is dropping fast and difficulty is at 1040. |
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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October 10, 2013, 04:35:55 AM |
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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.  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  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  Have fun and good luck! |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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October 10, 2013, 08:29:53 AM |
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Most of the altcoins worth GPU mining.
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hulk
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October 10, 2013, 08:30:19 AM |
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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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meta.p02
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October 10, 2013, 08:35:25 AM |
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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 |
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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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fattypig
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October 11, 2013, 01:27:49 AM |
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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
Wait for R9-290x and see if its really much better for mining. |
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SpeedDemon13
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October 11, 2013, 07:39:36 AM |
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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
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. |
CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911 |
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aa
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October 11, 2013, 08:06:10 AM |
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Mine BBQCoin.
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Fernandez
Legendary
Offline
Activity: 1008
Merit: 1000
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October 11, 2013, 09:42:12 AM |
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Invest the money in buying BTC or any altcoin of your choice.
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Snail2
Legendary
Offline
Activity: 1512
Merit: 1000
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October 11, 2013, 09:52:14 AM |
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I think you can make more profit from trading and investing your money than from mining.
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juve4v
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October 11, 2013, 09:52:30 AM |
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CPU mining turned to be more profitable than GPU mining lately, if you know what/when to mine and what/when to sell.
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clock27
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October 11, 2013, 12:30:43 PM |
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my 2 miners are on solar power but i don't get much out of them cause i don't have any specialized equipment yet |
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