AtlantisPlatform (OP)
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April 04, 2014, 05:42:19 PM |
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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.
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precrime3
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April 04, 2014, 05:43:01 PM Last edit: April 04, 2014, 06:02:04 PM by precrime3 |
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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.
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SpeedDemon13
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April 04, 2014, 05:57:37 PM |
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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.
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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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grippy54
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April 04, 2014, 05:59:30 PM |
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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. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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.
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go4nature
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April 04, 2014, 07:07:59 PM |
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Still some new coins are profitable. But yes profit margin is reduced drastically.
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precrime3
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April 04, 2014, 07:09:10 PM |
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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.
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xingqiaoyin
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April 04, 2014, 07:16:16 PM |
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There we go as lorde sings...round and round and round we go ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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SpeedDemon13
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April 04, 2014, 07:29:57 PM |
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Maybe May, the market might turn around and up trend. By then, everyone in the US will have extra cash from tax returns...LOL
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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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azguard
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April 05, 2014, 06:27:31 AM |
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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.
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Equate
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April 05, 2014, 06:45:04 AM |
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Mine darkcoin it will reduce the electricity bill and you can have some profit
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kalus
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April 05, 2014, 06:46:26 AM |
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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.
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DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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dharmapuriharithaa
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April 05, 2014, 08:32:32 AM |
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I stopped mining due to summer heat. Looking for best cloud mining now.
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grippy54
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April 05, 2014, 05:54:56 PM |
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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."
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precrime3
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April 05, 2014, 05:56:03 PM |
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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)
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azguard
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April 05, 2014, 07:34:20 PM |
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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.
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kev7112001
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April 05, 2014, 09:18:25 PM |
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xpm gpu miner's is by far the the best at low elec heat and the most profitable
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MCXNOW MODERATOR
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gilad215
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April 05, 2014, 11:35:44 PM |
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Look at my babies ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs12.postimg.org%2Fcv9ipsj2h%2F01302e490e97ca01703d462d1de5784b07c3ef568c.jpg&t=665&c=omgJEpn0xP7nWQ) They look dead to you? FUCK THE HATERS scrypt-n to the moon
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Neluns ♦ New Generation Financial Ecosystem ♦ Pre-sale on Aug, 1
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drkman
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April 05, 2014, 11:51:00 PM |
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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.
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primeGPU
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April 06, 2014, 12:08:37 AM |
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For XPM it's currently 4.5$ a day per 280x. It would be lower with the rise of the difficulty, but still...
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