Mining is dead

[AtlantisPlatform]

There is nothing left to mine, it all is basically unprofitable now. I can't even sell my mining equipment on Ebay, trying to sell 1.9 m/h system using 3 Twin Frozr 7950 gpu's for 1100.00 and no takers on Craigslist. I won't part it out on Fleabay because losers will buy the gpu's and use them for 45 days then say they are not as described. So I guess I will just throw the shit in the garbage.  I have a number of miners and no way to sell it.  The noise and wear and tear on the miners is not worth the measly few dollars it makes a day after electricity costs. Litecoin falls everyday, bitcoin is flushing down the shitter, and all the rest of the shit coins are done for also.

[1715541928]

1715541928

[1715541928]

1715541928

[precrime3]

There is nothing left to mine, it all is basically unprofitable now. I can't even sell my mining equipment on Ebay, trying to sell 1.9 m/h system using 3 Twin Frozr 7950 gpu's for 1100.00 and no takers on Craigslist. I won't part it out on Fleabay because losers will buy the gpu's and use them for 45 days then say they are not as described. So I guess I will just throw the shit in the garbage.  I have a number of miners and no way to sell it.  The noise and wear and tear on the miners is not worth the measly few dollars it makes a day after electricity costs. Litecoin falls everyday, bitcoin is flushing down the shitter, and all the rest of the shit coins are done for also.

Mine x11? It uses less electricity, and outputs less heat. Personally I think this algo has a bright future for the mid-term at least. I think HIRO and Darkcoin are going to be big. You can also lease rigs, which are VERY profitable.

[SpeedDemon13]

You have to mine algos that consume less electricity, ie. X11(Darkcoin,Hirocoin, etc.), Quark, HVY, Myriad, etc.... Mining isn't completely dead. Plus there's a XPM gpu miner now.

You'll get people that argue that X11 isn't running at max because of the low energy cost, who cares, it's lower usage period.

HD 7950 goes for as low as $180 on Craigslist up to $250 max, $200~$225 on average.

[grippy54]

If you think all crypto currencies are dead, dead, deadski, then pack it all up and ship it to me. I'll pay the shipping.    

Otherwise, think about adapting, and consider this to be "speculation," like the old fashioned gold rush guys did. It may not bring you "income," but it can bring you profit in the future. BTC was $1000+ 6 months ago. It could come back and go even higher. What do you think? Speculate.

If it's possible that it could go back up, and you want to speculate, keep going and take the risk. With risk comes reward. You have keccak, script-n, script jane, etc. There are lots of viable coins out there for your GPUs.

Maybe look for a place to set up where you don't pay electricity. Can you find a corner at your work where nobody would mind a rig?

Or, like I said, give up and let the more committed folks have all the fun.

[go4nature]

Still some new coins are profitable. But yes profit margin is reduced drastically.

[precrime3]

Still some new coins are profitable. But yes profit margin is reduced drastically.

Right now. If you hold and when BTC returns to $600 ish, I'd imagine Altcoin mining profitability would also go up.

[xingqiaoyin]

There we go as lorde sings...round and round and round we go

[SpeedDemon13]

Maybe May, the market might turn around and up trend. By then, everyone in the US will have extra cash from tax returns...LOL

[azguard]

Mine x11? It uses less electricity, and outputs less heat. Personally I think this algo has a bright future for the mid-term at least. I think HIRO and Darkcoin are going to be big. You can also lease rigs, which are VERY profitable.

Yes i agree, this is now profitable mining for less electricity. Started to mine dark today we will see now it goes.

[Equate]

Mine darkcoin it will reduce the electricity bill and you can have some profit

[kalus]

lots of cheap rigs and video cards for sale on used market.  if people planned their breakevens properly and didn't overpay, they should be still profitable just less profitable than november.

[beekers]

Personally I like the concept behind blackcoin. Check http://www.cryptoarticles.com/crypto-news/2014/3/14/blackcoin-multipool-launching-today
You can mine all kind of altcoins using their multipool and get paid in Blackcoins. This gives a positive upward pressure on the blackcoin price and thus making you more money mining. Price of BC is going up every day so it looks like this is working.

[dharmapuriharithaa]

I stopped mining due to summer heat. Looking for best cloud mining now.

[grippy54]

I stopped mining due to summer heat. Looking for best cloud mining now.

Stopped because of heat? There is this new invention called a fan... and if you're cutting edge you can go for the new-fangled "air conditioning."

[precrime3]

I stopped mining due to summer heat. Looking for best cloud mining now.

Stopped because of heat? There is this new invention called a fan... and if you're cutting edge you can for the new-fangled "air conditioning."

You could mine x11, and use the above cooling solutions.... Or use air ducts to transfer heat elsewhere (ie, outside)

[azguard]

You could mine x11, and use the above cooling solutions.... Or use air ducts to transfer heat elsewhere (ie, outside)

Mine x11 they consume less power and less heat from cpu or gpu depends of what mining solution your on.

[kev7112001]

xpm gpu miner's is by far the the best at low elec heat and the most profitable

[gilad215]

Look at my babies


They look dead to you?

FUCK THE HATERS

scrypt-n to the moon

[drkman]

Just an FYI.  Even using an X11 coin it will take you about 2 years of 24/7 mining to break even on a 5 card rig mining Darkcoin.  Hiro is about the same.  And given that this is just the beginning, I'd say that unless Bitcoin prices make a sharp and permanent move upwards, gpu mining will die off long before the 1TH scrypt miners even ship because it's already becoming unprofitable even before the powerful scrypt asics are here and we all know that it's only going to get worse.

Don't believe me?  Run the numbers and consider all your costs, not to mention the value of your time.

[primeGPU]

For XPM it's currently 4.5$ a day per 280x. It would be lower with the rise of the difficulty, but still...