How many of you are GPU only miners?

[badbart]

How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.

[Meteorite777]

I'm mostly GPU and branched into a few ASICs for altcoins but mirror your sentiment; I regret every ASIC purchase I made. They may work but only for the lowest of the low electicity and at which point you'd benefit just as much from adding more GPU's which have a higher security on your investment in resale value as you mentioned (some ASICs turn out to be bricks within a month as I found out. That or hashboards just die.)

[bhadz]

How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.

What coin have you been mining with 75 GPU's? does all of it mine the same coin or you are distributing it with different coins? you have security with GPU's if you want to sell them if not satisfied, plenty of buyers are still there for their rigs built not for mining and are looking for under the market value but at competitive prices in good condition.

[badbart]

How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.

What coin have you been mining with 75 GPU's? does all of it mine the same coin or you are distributing it with different coins? you have security with GPU's if you want to sell them if not satisfied, plenty of buyers are still there for their rigs built not for mining and are looking for under the market value but at competitive prices in good condition.

AMD is mining eth or eth classic.  Navidia is whatever is the most profitable, right now rvn, rito and xzc.

[adaseb]

I started with GPUs, then I transitioned to ASICs and then I transitioned back to GPUs. There are basically pros and cons of each.

With GPUs you can basically always resell the hardware as long as its not fried or has issues like failing fans. The Intel CPUs and motherboard will always hold some form of value. GPUs have many uses besides mining such as Gaming and Video rendering. Even 5-6 year old GPUs can fetch some money these days. If you buy the hardware new, you usually have a few years of warranty which doesn't exist for ASICs.

The issue with GPUs however is that they are very bulky and take up alot of space. If you want to have 50-100 GPUs you will need a large area to house all those GPUs if you plan on having an open air rig.

With ASICs they take up less space, are usually set-and-forget and they are usually more newbie friendly. Just buy a PSU, hook it up, set up a pool address and mine away. However they are crazy loud and usually require a seperate room, you cannot sleep or live in the same room as ASICs which have industrial fans. And they generally are overpriced at launch and they hold very little value when newer and more efficient technology is introduced. Usually someone might buy an old ASIC like an Antminer S5 for like $20 to play around with, but that is crazy depreciation as compared to a GPU.

[crairezx20]

Never had ASIC and the reason I don't want ASIC it's because the noise is too bad compared to GPU mining. You can mine in your home and sleep without too much noise because I only have a small house and all my miner is inside my room.  I only have 2 rigs with different GPU 10xx series. Planning to increase the GPU someday if I'm lucky in one of my coins if the price jump to 1000% I can buy another mining rigs to mine with altcoin again and again.

[Indamuck]

Most people are scared to buy ASIC miners and I don't blame them.  At least GPUs hold somewhat of a resale value when  if you decide to sell them in the future.  Asics just become a doorstopper after a few years.  Also there are only a few option with asic miners and many people do not want to support bitmain financially.

[WhyMe]

GPU only here. RX.
Price for asic or fpga were too high for me. And now I'm not sure about their ROI.

[philipma1957]

Both  but I have power deals  that make asics work for me.

[dagarair]

I was GPU only but diversified im about 75-80% gpu 20/25% Asic

[Cryptocoinninja]

How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.

how can you make any money off your gpus???

[shield132]

Wow, 74 GPU is pretty good OP, congrats. I am also GPU only miner and currently have six gtx 1080ti, made 1/4 ROI in some weeks last winter, suddenly this GPU become very provitable on altcoins. I have already ROIed and currently I stopped mining because profit is very low, doesn't worth for me to mine and spend my GPU resources in low profit, prefer to save them and mine in near future when price will rise. I think this is a good move because my GPUs are pretty good (great model) and it won't be hard for them to work in next 2-3 years.

[sxemini]

GPU only is for pussy´s XD sorry little joke 

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS 

[steampunkz]

GPU only is for pussy´s XD sorry little joke 

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS 

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.

[Sikkan666]

I am running GPUs only.. ASICs ALWAYS make you lose.. GPUs at least have a chance since its a good variety of coins and you can pretty easy adjust your mining capacity

Just a hobby miner here btw..

[stomachgrowls]

How many of you are GPU only miners?  I have 75 GPUS running for 2 years with 4.2 kwh electricity and the GPUS are consistent making money and paid the themselves off 18 months ago.  I'm planning on slowly expanding but I don't see any reason to buy ASICs, the ASICs I've had have been 50/50 profitable.  With GPUs they also have high resale value if you want to close up shop and liquidate everything.

I have tried HDD mining, ASIC but i do still end up with GPU yet i do always matter about the profitability.The only good thing with GPU is that you can able
to resell cards when you tend to upgrade nor completely stop the operation.My cards already paid off and now im still mining without worrying too much on when to ROI
as long i do see some few numbers then it already satisfies me.

[leowonderful]

I personally started out with BTC ASICS, got really into them while I had cheaper electrical rates, and branched off to GPU mining. I still do some BTC mining (albeit much less than I used to in terms of electrical consumption) and a bit of GPU mining, though I've really transitioned into trading and buying coins more on the whole as my electrical rates aren't as great as they used to be in the past. I might get back into SHA256 ASICs again in the future if there are any viable lower-power and potentially lower-noise options releasing in the future, or I might consider getting a machine like an S15 or two hosted, but for the most part I've stopped mining.

[bhadz]

GPU only is for pussy´s XD sorry little joke 

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS 

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.

Someone pays for that electricity, nothing is free.

That's the reality if you don't pay for the electricity, someone's going to pay the bill. Who's the one that pays for that?

[AmoreJaz]

GPU only is for pussy´s XD sorry little joke  

I ran up to 5 different miners on 1 rig and on some other rigs 3 different or more. We use every computerpart that can mine (GPU, CPU, HDD)

But i hate ASICS  

I basically mine 2 GTX 1060TI 6GB in nicehash part-time only. If I close the internet cafe, I run it on my server. It is okay for me because I don't pay for electricity.

Someone pays for that electricity, nothing is free.

That's the reality if you don't pay for the electricity, someone's going to pay the bill. Who's the one that pays for that?

wonder why he doesnt pay the electricity also. maybe he is using a tampered electrical meter or has jumper? lol
this is the main reason why i stopped mining via gpu. im getting only lil profit after deducting my electricity bill. so not really practical on my end
good thing is i still have my hardware and when i have the chance to install solar panels in my place (maybe), might use again these gpus

[dagarair]

mom pays for it.