superresistant
Legendary
Offline
Activity: 2142
Merit: 1131
|
|
May 17, 2014, 08:54:19 PM |
|
|
|
|
|
theeric
|
|
May 17, 2014, 10:48:43 PM |
|
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
Sr. Member
Offline
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
|
|
May 18, 2014, 01:25:54 PM |
|
|
|
|
|
hulk
|
|
May 18, 2014, 02:12:21 PM |
|
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
|
|
May 18, 2014, 02:36:03 PM |
|
|
doge: D8q8dR6tEAcaJ7U65jP6AAkiiL2CFJaHah Automated faucet, pays daily: Qoinpro
|
|
|
noirtalks
|
|
May 19, 2014, 06:01:27 PM |
|
multipools are a good way to go, noirpool.com just released their NRS auto-switching pool
|
|
|
|
kbs1
Jr. Member
Offline
Activity: 107
Merit: 1
|
|
June 08, 2014, 03:59:54 AM |
|
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.
|
https://xdag.org - reliable World-Wide XDAG mining pool with automatic failover and extra mining rewards!
|
|
|
Glizlack
|
|
June 08, 2014, 04:05:30 AM |
|
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
|
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
|
|
CounterStrike
|
|
June 08, 2014, 05:26:42 AM |
|
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
Legendary
Offline
Activity: 1148
Merit: 1018
It's about time -- All merrit accepted !!!
|
|
June 08, 2014, 05:31:39 AM |
|
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
|
Check out my coin Photon Merge Mine 5 other Blake 256 coins - 6x your hash power https://www.blakecoin.org/The obvious choice is not always the best choice. LOOK DEEPER - Look into the Blake 256 Family -- CC
|
|
|
atp1916
Legendary
Offline
Activity: 854
Merit: 1000
|
|
June 08, 2014, 06:08:42 AM Last edit: June 08, 2014, 06:25:01 AM by atp1916 |
|
Profit is there... ...but i aint tellin' where
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
June 08, 2014, 07:17:58 AM |
|
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
Legendary
Offline
Activity: 1131
Merit: 1001
|
|
June 08, 2014, 08:55:39 AM |
|
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
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
June 08, 2014, 09:09:26 AM |
|
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
Legendary
Offline
Activity: 1131
Merit: 1001
|
|
June 08, 2014, 09:13:15 AM |
|
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
|
|
June 08, 2014, 02:14:43 PM |
|
0.05$/kwh, switching off my last mining GPU this month.
|
|
|
|
djm34
Legendary
Offline
Activity: 1400
Merit: 1050
|
|
June 08, 2014, 02:18:42 PM |
|
good initiative. The more people turn off the more profitable it will be for the others
|
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
June 08, 2014, 02:20:43 PM Last edit: June 08, 2014, 02:32:01 PM by 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
Legendary
Offline
Activity: 1400
Merit: 1050
|
|
June 08, 2014, 02:29:24 PM |
|
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...)
|
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
|
|
|
film2240
Legendary
Offline
Activity: 1022
Merit: 1000
Freelance videographer
|
|
June 08, 2014, 02:44:55 PM |
|
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.
|
[This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month] [This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month] [This signature is available for rent.BTC/ETH/LTC or £50 equivalent a month]
|
|
|
|