Is GPU hobby-mining dead?

[Wolffish]

Hi to all!!

I have a question:  is GPU hobby-mining dead?  Or are still some options to earn a little bit??!

When  I started to mine it was all so simple - my little rig gave me 6 VTC/day and I was very happy  
Then difficulty start to rise and I got 3, then 2 and finally 1,5 VTC... stopped to mine.

Since then I have mined tons of (shit?)coins and tried to sell those tiny amounts in different market pumps, crazy work for pennies or what  

Seems, there are really hard times right now:

(sorry CleverMining, your stats are just a sample - situation is same everywhere... or even worse)
I personally think, that it will not go up anymore... maybe shortly, but in long term probably not.

I have tried some new coins too (EFL, NLG, KMC right now) but I don't know, is it ethical and right way to spread hash that way for those probably worthless coins in long term...

[1715222958]

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[1715222958]

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[uray]

yes it almost dead, please sell your gpus so diff can go down, and i will be happy

[Monetizer]

Maybe profitability is dying but the hobby is never over If I make $1 a day that is good enough, I do it more to learn than for profitability. It's like most sports, it might cost you to get in but as long as you enjoy it that doesn't really matter.

[Wolffish]

Maybe profitability is dying but the hobby is never over If I make $1 a day that is good enough, I do it more to learn than for profitability. It's like most sports, it might cost you to get in but as long as you enjoy it that doesn't really matter.

Yes, but it's fun and gives you a good feeling only till you can "make profit"!
I never converted any BTC to € and probably will not do that any time soon! I have a job which pays for hardware and electricity.
I just play in different exchanges with my mined coins to "make profit"

For me:
no "profit" = no fun  

[Bonio]

Strange! I just logged on and was going to ask the same question.

For a short while it seemed scrypt mining might be the saviour of the home miner, but now with scrypt asics that going to be screwed too.

What next? Anyone recommend a new coin that I might give a go with a GPU or even a CPU or two:)

[Wolffish]

yes it almost dead, please sell your gpus so diff can go down, and i will be happy

You TROLL  you have no logic at all - if diff goes down, then price goes... aaa... where... down, right?
and possibility of 51% attacks?

[dspair]

For me it's still worth mining, but yeah, it's pretty dead. For example buying new graphic cards for mining is a waste of money.

I was mining BTC on my HD6970 back in 2011, and now I mine scrypt coins on the exact same card, so maybe in the future there will be something new and profitable for GPU miners, again.

[DrCharles]

I would say it is not dead at all. Yes... you may earn less per day than before but the crypto-community is always coming up with an innovative way to use old/previous mining equipment. In this case when ASIC's come out GPU's will have to find another niche to grow.... and they will. No other industry, at least to my knowledge, has the type of innovation that the crypto-community does so I wouldn't worry!

-DrCharles

[SpeedDemon13]

It's a trend. Just like when people switched over from BTC to LTC mining. That trend will more then likely to follow from people switching from Scrypt mining to other Algo's....

[Bonio]

I would say it is not dead at all. Yes... you may earn less per day than before but the crypto-community is always coming up with an innovative way to use old/previous mining equipment. In this case when ASIC's come out GPU's will have to find another niche to grow.... and they will. No other industry, at least to my knowledge, has the type of innovation that the crypto-community does so I wouldn't worry!

-DrCharles

I agree about innovation, but: When Bitcoin came out it was intended to use CPU power to mine, it was then found GPU was better then ASIC's but now CPU and GPU are useless. As are most of the AltCoins that we mine with our old equipment. Soon GPU wont be any use at all for altcoins either. Would making a new coin that is GPU friendly 'putting the cart before the horse'?

Things move on, mining equipment and mining has evolved.

Its a pity I enjoy messing with my mining gear but its not profitable. The only people getting rich from mining these days are the like of BFL who sell the mining gear (well in BFL's case just take your money).

[Wipeout2097]

The point was already addressed, but I'd like to reinforce it. If it is "hobby"-mining, then it is not dead. Hobbies typically cost (a lot of) money. If lack of  profit makes you stop mining, then you're doing something else besides an hobby. Yes, it can become a little frustrating to operate at break-even or even at loss, if you don't have a speculative attitude.

otoh, how nice it would be that Ham, Satellite, wifi or SDR gear could pay for itself like my 2 mining rigs did...

[SpeedDemon13]

The point was already addressed, but I'd like to reinforce it. If it is "hobby"-mining, then it is not dead. Hobbies typically cost (a lot of) money. If lack of  profit makes you stop mining, then you're doing something else besides an hobby. Yes, it can become a little frustrating to operate at break-even or even at loss, if you don't have a speculative attitude.

otoh, how nice it would be that Ham, Satellite, wifi or SDR gear could pay for itself like my 2 mining rigs did...

A lot of people forget this is a hobby first and possible investment. Good thing, not too many hobbies can give you a potential for returns.

[Monetizer]

As well as what I said before, It may be unprofitable now but imagine what it could be. About a year ago I mined 1.6 LTC in a couple hours on a cpu... Imagine if I kept going, maybe got 1000 before I stopped... It would have been well profitable.

[Amph]

you know you can always shut down your rig, and go fuck some girls

[Equate]

mining is all based on speculation . If you can't afford to run the rigs , then it's better to sell. If you are in mining for long run , then you can keep mining and sell later . But as I said , it's all speculation and don't risk what you can't afford.

[zneww]

you know you can always shut down your rig, and go fuck some girls

Great hobby, no doubt. 

[superresistant]

you know you can always shut down your rig, and go fuck some girls

Haha this is the reason I cannot mine.
I have a huge rig but did not turn it on for few months now.

Fuck girls.

[atp1916]

Yes, please put more sub $200 7950s on the market.

[superresistant]

is GPU hobby-mining dead?  Or are still some options to earn a little bit??!

No. You cannot kill a hobby. (you may kill a Hobbit though).

no "profit" = no fun

Stop then.
Go out, fuck girls.

[jparsley]

You can still make profit mining other algo coins like x11

[SpeedDemon13]

you know you can always shut down your rig, and go fuck some girls

+1 on humping females, but you can leave the rig on still...LOL

[Wolffish]

You can still make profit mining other algo coins like x11

X11 is really great - girls even don't notice, that there is a rig under your bed 

[superresistant]

you know you can always shut down your rig, and go fuck some girls

+1 on humping females, but you can leave the rig on still...LOL

No way. When you take the female home, she will be like "wtf is this ? it's too hot here, too much noise blablablah"

[Equate]

lets keep mining and f*king girls , both can be done

[Acidyo]

yes it almost dead, please sell your gpus so diff can go down, and i will be happy

How would this ever happen with the upcoming asics?

It's a downward battle from here on out, unless you have purchased asics and will get them in time.

[Wolffish]

you know you can always shut down your rig, and go fuck some girls

+1 on humping females, but you can leave the rig on still...LOL

No way. When you take the female home, she will be like "wtf is this ? it's too hot here, too much noise blablablah"

Forget scrypt and try X11 - no noise, no heat, no girls whining 

[ghur]

Go out, fuck girls.

How's that profitable?

Seems like a bad mining strategy.

[coinnewbit]

Can't compare to those Asics solely made for mining

[Equate]

Go out, fuck girls.

How's that profitable?

Seems like a bad mining strategy.

 i think he meant , go out while your rigs are still mining.

[ghur]

Go out, fuck girls.

How's that profitable?

Seems like a bad mining strategy.

 i think he meant , go out while your rigs are still mining.

I ran the numbers. With the current market going out is very unprofitable.
With the current low margins on mining, I'd advice against taking additional risk on such a speculative market as going out.

[Watchy312]

you know you can always shut down your rig, and go fuck some girls

+1 on humping females, but you can leave the rig on still...LOL

No way. When you take the female home, she will be like "wtf is this ? it's too hot here, too much noise blablablah"

Mining Groestl is girl friendly 

[Amph]

you know you can always shut down your rig, and go fuck some girls

+1 on humping females, but you can leave the rig on still...LOL

No way. When you take the female home, she will be like "wtf is this ? it's too hot here, too much noise blablablah"

too hot mean they come to you already naked, isn't this less time consuming?

[jparsley]

You can still make profit mining other algo coins like x11

X11 is really great - girls even don't notice, that there is a rig under your bed 

that dangerous keeping ur rig near you, too much radiation

[Wolffish]

Although X11 is very nice and GPU friendly algo you still earn more with scrypt mining

Seems, that here are no professional coins out there using X11 algo... Most of those coins are total jokes - like VirtualCoin    or premined "country"coins, instamined and IPO coins ... or am I missing something? Is there some decent coin using X11?
Thanks!

[Amph]

i can't understand why everyone run to sell their rig, you really think that the mining is over? lol no, this shit is endless

you will regret it in 2-3 months when the next wave will start

selling your rig is a bad strategy, there is a thing called SHUT DOWN that make your consumption = 0, if you are so much worried about making profit...

[grippy54]

you know you can always shut down your rig, and go fuck some girls

My "rig" is average size, but it cost me $0 and it uses no electricity, so I'm happy with it. It's not that profitable the way I use it, but I'll never shut it down.

[_Crash_]

that dangerous keeping ur rig near you, too much radiation

I'm sorry, I wasn't aware mining was radioactive.... Moron.

[btcfanx]

Primecoin mining (XPM) is still profitable.

[kuusj98]

Mining is a waiting game, yes or no, thats the question. Becouse the coin may not be very profitable in the beginning, like BTC, but later on the value goes from 2$ to 100$ and then to 400$ and so on.

[5w00p]

I tried mining with Asics but I get Zero hashrate.
 

[superresistant]

I tried mining with Asics but I get Zero hashrate.
 
http://s27.postimg.org/k12lkql2r/asics99.jpg

Haha nice one !

[theeric]

Too many people invested in too many GPU's. It won't die, but it won't take any miners to the moon like it did with BTC & LTC; yet it will always stay like a fun hobby.

Just oiled some gpu-fans today, mhmmmm stress relieving*

[MadGhost]

I tried mining with Asics but I get Zero hashrate.
 

cool shit bro .

[hulk]

Mining is a waiting game, yes or no, thats the question. Becouse the coin may not be very profitable in the beginning, like BTC, but later on the value goes from 2$ to 100$ and then to 400$ and so on.

If it is not profitable to mine (electricity charge more), then you might as well buy BTC directly with the cost of buying GPU and electricity..

[ghur]

I tried mining with Asics but I get Zero hashrate.
 

You're missing a Raspberry Pie

[noirtalks]

multipools are a good way to go, noirpool.com just released their NRS auto-switching pool

[kbs1]

It's pretty dead all right. Here in central europe kwh costs ~0.21$ (no kidding), so you PAY to have your rig turned on, and you pay MORE than buying any coins directly. I'ts a waste of money. Back in january it was possible and profitable, now it's just dead.

[Glizlack]

I am still doing a bit better than break even. Certainly not making much. Now the money comes with a hot coin such as xc made good money for a few days with that. And a few other coins I cannot remember right now.

Steve

[CounterStrike]

It's pretty dead all right. Here in central europe kwh costs ~0.21$ (no kidding), so you PAY to have your rig turned on, and you pay MORE than buying any coins directly. I'ts a waste of money. Back in january it was possible and profitable, now it's just dead.

Agree, selling the rig and buying coins directly seems to be the best choice right now...

[cinnamon_carter]

looking at the picture of the gpu mining, try the blake 256 merged mining pools and mine 5 coins at the same time

there are 4 merged pools on the blake coin op page, i am in the LA pool

http://la1.blakecoin.com/index.php

[atp1916]

Profit is there...




...but i aint tellin' where 

[Amph]

Profit is there...




...but i aint tellin' where 

it start with J? lmao

x13 surely isn't that profitable unless you mine forgotten coins that get big, after some time

[yogibaer]

I am still doing a bit better than break even. Certainly not making much. Now the money comes with a hot coin such as xc made good money for a few days with that. And a few other coins I cannot remember right now.

Steve

when someone has enough hash power to do solo mining on new promissing coins there is certainly the chance to make a good amount of money when those coins come on exchanges. But with just a few GPU's it's almost impossible to solo mine even new coins on the day they are released to get a decent amount of coins ...

[Amph]

I am still doing a bit better than break even. Certainly not making much. Now the money comes with a hot coin such as xc made good money for a few days with that. And a few other coins I cannot remember right now.

Steve

when someone has enough hash power to do solo mining on new promissing coins there is certainly the chance to make a good amount of money when those coins come on exchanges. But with just a few GPU's it's almost impossible to solo mine even new coins on the day they are released to get a decent amount of coins ...

this because they fucked solo mining, with that stupid diff retarget each block and 0 reward for the first blocks, in january those things weren't present, it was possible to solo mine easily even with two gpu

now it's alla about big farm and renting....

[yogibaer]

I am still doing a bit better than break even. Certainly not making much. Now the money comes with a hot coin such as xc made good money for a few days with that. And a few other coins I cannot remember right now.

Steve

when someone has enough hash power to do solo mining on new promissing coins there is certainly the chance to make a good amount of money when those coins come on exchanges. But with just a few GPU's it's almost impossible to solo mine even new coins on the day they are released to get a decent amount of coins ...

this because they fucked solo mining, with that stupid diff retarget each block and 0 reward for the first blocks, in january those things weren't present, it was possible to solo mine easily even with two gpu

now it's alla about big farm and renting....

+1

That's what I wanted to say.

[dspair]

0.05$/kwh, switching off my last mining GPU this month.

[djm34]

good initiative.
The more people turn off the more profitable it will be for the others

[Amph]

good initiative.
The more people turn off the more profitable it will be for the others

i want big farmers to turn off, then we can speak

jackpot and talkcoin are profitable because there are more amd than nvidia out there and new miner or old amd miners are not willing to buy new gpu now

[djm34]

good initiative.
The more people turn off the more profitable it will be for the others

i want big farmers to turn off, then we can speak

jackpot and talkcoin are profitable because there are mode amd than nvidia out there and new miner or old amd miners are not willing to buy new gpu now

would be good too...
The funny thing with that discussion is that it seems people are not looking at all at exchange rate (btc rate has almost doubled since the first post) nor at new coins (most of the X11 are profitable, for a while).
They are certainly still mining scrypts on wafflepool not making a dime... (I bought a 750ti after that thread starts, and it has ROI(ed) already...)

[film2240]

I think GPU hobby mining was redundant long ago.When I started mining BTC back in 2011,with a Radeon HD6950 it was an exciting hobby for me as I was able to tweak my GPU with a ridiculous overclock as well as unlocking the shaders,on top of making a lot of profit without having to think too much.I also ended up signing up to the forum and learning a lot more about the mining business so I feel quite happy that I came across this forum when I did.If it wasn't for that,I wouldn't have been mining for as long as I have now.

For me,mining on a GPU stopped being a hobby and became a small business for me where ROI was important shortly after the crash in 2011 (before BTC subsequently rose again with yet another boom/bust cycle)

I think hobby mining BTC on a GPU for me was dead at the start of 2012,hence the move to LTC,then alt coins now before finally being able to move to ASIC miners myself so I'm feeling quite happy about how a hobby lead me to a path of learning a lot more than just making money (and working with a developer to invent my own cryptocurrency now-still being worked on.)

It was impressive that I was able to make a profit of over £800+ over time (GPU was just £177 when I got it) meaning the GPU paid for itself several times over.

Now I run a mining contracts business with Gridseed ASICs and I keep them running when I don't have customers to make even more profit.

[LeetPoolsOP]

Hmm thats strange, my 8 GPUs are still making me 20+ a day hitting x13 and x11 algos... I hope your learning experience isnt over.

[Amph]

Hmm thats strange, my 8 GPUs are still making me 20+ a day hitting x13 and x11 algos... I hope your learning experience isnt over.

20+ a day of what?

[ajareselde]

U can stil make a buck mining x11 and x13, maybe even with blake256 if it spreads around..
just mine new coins , and try to find a coin that will for some reason be tanked,
this way even mining that is rated low, will in few days turn to much more.
Follow fud / hype , and with a little luck, you can still make a nice buck.

23mh x11 gets me around 15 - 20 $ a day, nothing to be proud about, but its better than nothing

cheers

[Amph]

$20 per days is great with just 23Mh/s, you are using the strategy to mine ignored coin that then become big, right?

it worked with machinecoin, romcoin, boostcoin and others for me, it's a good strategy when you can't instamine

[SirChiko]

I don't think it's dead for altcoins, you can profit on most of them still kind of nice but for bitcoin and litecoin that hobby is dead for sure even thought it was really nice one and i liked it.

[JasonSW]

GPU can mine X11 too, right?

[beegatewood]

U can stil make a buck mining x11 and x13, maybe even with blake256 if it spreads around..
just mine new coins , and try to find a coin that will for some reason be tanked,
this way even mining that is rated low, will in few days turn to much more.
Follow fud / hype , and with a little luck, you can still make a nice buck.

23mh x11 gets me around 15 - 20 $ a day, nothing to be proud about, but its better than nothing

cheers

Did you factor in other charges like cooling and electricity?

[jbass350z]

I have been thinking about this a lot lately. I was late to the game but invested in 10mh/s rig setup in January. I have not made ROI and probably never will. There is movement to make GPU only coins, but lets be honest, if crypto currency is ever to go "mainstream", it cannot be supported by grassroots GPU mining. Special hardware will always win in this case.

[jimlite]

Every time I think GPU mining is over, a week later it is not.
After LTC got to hard to mine, Maxcoin came, and then Vert coin.
Then X11, and now X13.  I would much rather have a versitile
gpu rig that can mine any of these coins and any that come
in the future, and not an ASIC paperweight.  But yeah, the
big money to be made is gone, the hobby no way.

[BitcoinAddicts]

Every time I think GPU mining is over, a week later it is not.
After LTC got to hard to mine, Maxcoin came, and then Vert coin.
Then X11, and now X13.  I would much rather have a versitile
gpu rig that can mine any of these coins and any that come
in the future, and not an ASIC paperweight.  But yeah, the
big money to be made is gone, the hobby no way.

The problem is almost every algo can be FPGA pretty fast, so sooner or later someone come out with a FPGA close to GPU and mine any coin they want and doom...

[Amph]

Every time I think GPU mining is over, a week later it is not.
After LTC got to hard to mine, Maxcoin came, and then Vert coin.
Then X11, and now X13.  I would much rather have a versitile
gpu rig that can mine any of these coins and any that come
in the future, and not an ASIC paperweight.  But yeah, the
big money to be made is gone, the hobby no way.

The problem is almost every algo can be FPGA pretty fast, so sooner or later someone come out with a FPGA close to GPU and mine any coin they want and doom...

not every fpga are retro compatible, some guy said you can't mine x11 with fpga programmed with sha256, this make it not that easy as you think

[grosminer]

I say GPU mining is dead.. almost..

Profitability going down every day, the only way you can still make money is to get lucky with a few alts.. but it's a guess and you're gonna have to research and find another coin a few days later because they aren't profitable for more than a few days

[ANJULE]

I think people should focus more about GPU's power efficiency/khash.
Better to have multiple GPU's that use less power and produce relatively more kh/s, than have
less GPU's an more kh/s with multiple times more power-consumption.

[atp1916]

GPU-mining definitely isn't dead if you've got a bunch of Nvidia Maxwells.  Power/hash ratio is insane.

[ANJULE]

Yeah, people should look the bigger picture and for the long run.

[mbilker]

Scrypt is the least profitable due to all of the asics. Scrypt variants (Scrypt-N, scrypt-jane), X11, X13, and any other non-ASIC implemented algorithms are still profitable by usage of GPUs.

[LightningBlade]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

[sandpaper]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

Is this all you talk about? Promoting coinking.io? I used it yesterday, didn't like it one bit.

[tarzanbigcity]

I don't think its dead yet. Probably not for a good while. Personally I pay my mortgage every month with crypto mining. I however like to hedge my bets. I own diversified mining rigs. A rig of r9 270's, a 750 ti rig, r9 290 rig, and 2 blade gridseeds. This allows me to jump on most coins and gives me the opportunity to diversify what I am able to mine. I also use profit switching pools and occasionally will mine on new launches. Never put all your eggs in one basket. You never know whats going to be hot next week. It also helps that where I live on the east coast that power is only .08 kwatt/hr. So my bill is not terrible.

[grosminer]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

[LightningBlade]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

[Amph]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

[LightningBlade]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

main page www.coinking.io.

[Amph]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

main page www.coinking.io.

you missed a 0? it say 0.0005 not 0.005

[grosminer]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

main page www.coinking.io.

you missed a 0? it say 0.0005 not 0.005

i see: 0.00508123 right now

[Amph]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

main page www.coinking.io.

you missed a 0? it say 0.0005 not 0.005

i see: 0.00508123 right now

for x13? i can't find it

under statistics, coin statistics

[grosminer]

Main page, to the right:

X13 Multipool
AXIS
Port: 2222
B/MH/Day: 0.00505779

[LightningBlade]

I used www.coinking.io for my x13 multipool and it is still very profitable to me.

It was profitable only on 2014-06-09 with 0.00268 BTC/MH ..
We don't know how it'll be tomorrow

Its 0.00510274 btc/mhs for x13 right now, which is still profitable for me as x13 uses less electricity and the latest sgminer boost the speed by 50%.

where 0.005?

main page www.coinking.io.

you missed a 0? it say 0.0005 not 0.005

Sorry, really bad with decimal. It should be 0.0005

[Amph]

Main page, to the right:

X13 Multipool
AXIS
Port: 2222
B/MH/Day: 0.00505779

ok but then under statistics it say 0.0006, something is wrong

[dspair]

No way it's 0.005 BTC, and stop shoving your referral links everywhere.

Anyway, for example you could sell X13 hashes for 0.0008 BTC/MH/DAY on Nicehash. 1$/day on a 300$ graphics card. Very profitable.

[Starscream]

No way it's 0.005 BTC, and stop shoving your referral links everywhere.

Anyway, for example you could sell X13 hashes for 0.0008 BTC/MH/DAY on Nicehash. 1$/day on a 300$ graphics card. Very profitable.

He did say he forgot a 0. But anyway, x13 ain't very profitable lately.

[cinnamon_carter]

Now i think without doubt we can say .... yes ..... for all those driven by greed.

[djm34]

GPU hobby-mining never been very profitable... (mostly luck factor: right coin at launch... until the big whales discover it) so at the moment, there is just nothing interesting to mine... but if CSD hit a big exchange, if others coin hit a big exchange... it will come back.
However for the moment, p&d group and """"investors"""" (whatever that actually means...) tend to prefer POS coin as they are easier to manipulate...

[NeuroticFish]

Hobby means that you can do it even with no ROI.
If you are careful you may even find coins that make you money.
Big pools may not be the solution anymore, you have to do the detective work too.

[worldinacoin]

It used to be extremely fun to build your own GPU rigs with radeons etc a few years ago, now I guess it is absolute dead, no longer can we afford such a hobby given the difficulty of the mining

[xeqtr]

It used to be extremely fun to build your own GPU rigs with radeons etc a few years ago, now I guess it is absolute dead, no longer can we afford such a hobby given the difficulty of the mining

Now there is a great way to earn on Cointellect mining

[muhrohmat]

well i must say im off the drill of GPU mining is it from x11 x13 sha256 or scrypt or scrypt-n ou keccak or what ever the 300 watts spend per hour gives like 3 cents per hour i cant afor any miner to do that

[bensam123]

It's dead. Surprisingly, or not so much, no one here mentioned private kernels which all the big miners are using (and developers are selling them).

So even if you have a 280x, the hashrate a 280x will output for someone with a private kernel will be like 50% higher. You simply can't compete.

Mining difficulty is essentially like a pie. The more people mining it, the less you make. How big your 'chunk' is depends on your hashrate. Someone can essentially take a bigger chunk of the pie because you're propping them up with your shitty hashrate. If they have to face off against other people with the very same kernels, they wont be getting ahead of anyone.

It's essentially a zero sum game and the only way to 'win' is by paying one of the few kernel makers on the forum a couple BTC to get their private kernel, which they'll obsolete in a month with a new one.

I've been pointing this out for over a month now, and a lot of people are still oblivious. If you don't know what a private kernel is or that you need one, you shouldn't be mining with GPUs nor will you have any chance to make money with one.

Because of private kernels, GPU mining will NEVER be profitable again for small miners unless a coin comes out with a pretty rock solid algorithm that is ASIC and Private Kernel proof (or close to it).

[grendel25]

"hobby-mining" won't be dead for a long time.  I still 'hobby' mine but I got rid of most my farm.  I just have 5 750 Ti's running now.  GPUs could become useful again depending on what happens with btc, alts and what mfr's do with gpus. 

[Daedelus]

https://bitcointalk.org/index.php?topic=935083.0

There is a new mining asset class for CPU and GPU miners, Nxt MSCoins (MS = Monetary System)

Someone is making ~$26/day (less electricity), check the blockchain for yourself . If you need NXT for paying fees, these can be mined at hashrate.org

[Bigplayermaster]

might interest you

http://weminebtcs.com/index.php?page=statistics&action=pool