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...

[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