Is GPU hobby-mining dead?

[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.