How many of you are GPU only miners?

[badbart]

I'm in Ohio and just singed a one year deal for 4.2 cents khw.

[lunobird]

I'm in Ohio and just singed a one year deal for 4.2 cents khw.

Nice deal!

Looks like you need to have at least over 100 gpus and be willing to rent out the facility in order to source out cheap electric. And do this job full time, which is a big commitment.   I feel these are the ones that will survive and thrive in the bear market

The home miners and the colo hosting miners are drowning.  Seems like 8 cents is the best we can get and we're barely breaking even with electric. But at the same time, those that home and colo hosting are not doing this full time and probably have other day jobs to stay solvent.

[dentolas]

I'm a GPU only guy... 
GPUs have 2 years manufacturer warranty, flexibility in mining different algos, high re-sale value ... so GPUs are guaranteed to work during 2 years and this usually covers your ROI... of course that the concept of ROI is very relative when talking about mining because there is the market factor and each person method (keep selling every month, or choose to hold hoping for a better market condition).
So I guess that all the setups can be profitable, it will strongly depend on your mining strategy and energy costs
cheers

[abhiseshakana]

I started with both ASIC and GPU mining hardware, but I decided to get rid of my asic miners (5x Antminer S9) when profitability decrease over time. So I only have some GPU Rig since that day. Then again, my mining profitability goes down because most altcoins turn bearish and I'm faced with high-cost electricity ($0.11/kwh).

I know, I should get started looking for another coin that might give me a better profit. But because of my full-time work, I just leave my rig off at the moment.

[neuromancer4867]

I am a 90% GPU miner of some size. Currently taking a breath and figuring out what to do with a large farm since some of the new miners require some private development for R9 generation cards that I happen to have a bunch of so I can't decide if I want to contract a developer or upgrade. Either way, GPU will never die.

[thin]

Serious miners are paying nowhere near 10 cents, if your electricity is that expensive you shouldn't even be mining in the first place.

Is there a calculator where you can check at which electricity cost mining with a specific GPU can still be profitable?

whattomine actually show your profit with your electricity cost. Just put corresponding numbers. Consumption and rate for every card is estimated, and may slightly vary.

[swogerino]

I am a Gpu miner only as I like being able to change and try different coinsand not be limited to only a few coins by mining with Asic devices.

My electricity permit me to win 25 dollars monthly for a rig and I have about 4 now which I keep on and love seeing my balance grow daily, I pay electricity from my daily job and hope that bitcoin price will go up soon.

[cryptolidus]

I do not prefer the ASIC miners because they are too loud and they are disturbing me in my office. 1080Ti rigs are silent and they are heating as well in winter. I find them a much better solution.

[lisasteca]

I am a Gpu miner only as I like being able to change and try different coinsand not be limited to only a few coins by mining with Asic devices.

My electricity permit me to win 25 dollars monthly for a rig and I have about 4 now which I keep on and love seeing my balance grow daily, I pay electricity from my daily job and hope that bitcoin price will go up soon.

Me too  i am only Gpu miner but i have to give up electricity it cost more than mining! Make no sense to me anymore i have to change way of mining!

[dentolas]

Although I think there are pros and cons on both sides, I totally agree with you! I'm a GPU only guy and not thinking about changing...
GPUs have 2 years warranty and usually work for a lot longer than that, or have high resale value after the warranrty period...
ASICs have a very short warranty period (6 months I think?) and from the reports I've seen they usually die after a relative short working period... besides, they are hard to get and expensive to bring (from China)

[Ezenwanyi1]

The truth is that both have their advantage and disadvantages.
Being using GPU only miners for long now and I think it's very nice and profitable.
My friend who used ASICs and still using told me it's better than GPU.
Probably because it's has proved to be okay for him.
So it all depends on what works well for one .

[Harai Goshi]

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.

20 4x to 8x GPU rigs.  2 ASICs. 

The ASICs are no fun at all....they just run.  I wont be buying any more of them.  The GPU rigs though, there's always something going wrong with one of them that I have to diagnose & fix...generally speaking, 19 are running and one is on the bench at all times.  I'm building more of those.

[crairezx20]

The truth is that both have their advantage and disadvantages.
Being using GPU only miners for long now and I think it's very nice and profitable.
My friend who used ASICs and still using told me it's better than GPU.
Probably because it's has proved to be okay for him.
So it all depends on what works well for one .

Yeah you are right ASIC is better than GPU but the problem of mining using ASIC it is very noisy compared to GPU mining and if you are living on 3rd world country with high electricity rate the profitability gives you lesser than GPU based on my own experienced that is why I stop mining with ASIC miner like D3 that never recover back my investment and I can't sleep all night because it's too noisy compared to GPU.

I heard that there is ASIC with low noisy but the problem it's too expensive to invest maybe someday If I heard a good amount I buy ASIC which is low noise and profitable.

[CryptoCoinArbitrage]

I have a GPU miner  since a year and half. I am not even consider ASIC because I could not sell it in case I would need to do it for some reason , while  with GPUs it is different situation.

[Babbylily1112]

I personally have been using GPU for a year plus and so far it has served it's purpose very perfectly infact I have never thought of changing it at all

[Psynthax]

Serious miners are paying nowhere near 10 cents, if your electricity is that expensive you shouldn't even be mining in the first place.

Is there a calculator where you can check at which electricity cost mining with a specific GPU can still be profitable?

Here you go  https://cointomine.today/calculator/coin/VEIL/ you can try to input your electricity cost manually and choose the specific GPU that you have owned it to mine veil. I guess that's the complete calculator to calculate your profitability.

[Alucard2425]

Me im only on gpu miners and this suit for me because im always on hunt of new coins that has potential

[Uju4real]

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.

Have always been a GPU minner and it serves me perfectly, a friend of mine thought he would advance by going for ASICs and funny enough he is back to GPU

[fast2fix]

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.

Have always been a GPU minner and it serves me perfectly, a friend of mine thought he would advance by going for ASICs and funny enough he is back to GPU

gpus are better overall, they can also be used to do several other things like rendering, training ai or machine learning etc. not just mining like with asics. i would choose gpus over asics anytime.

[ifte104]

How much are you paying for electricity per kWh?