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Author Topic: GPU mining and CPU mining is dead ?  (Read 397 times)
mx667
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September 21, 2017, 12:07:28 AM
 #1

I heard that GPU and CPU mining is dead for Bitcoin. But, can I mine other crypto ? I heard that Ethereum is good to mine.
In your opinion, what crypto is the best for mining right now ?
And what hardware should I use for beginner ? Can I use Bitcoin's hardware ?
Sorry if this is a stupid question, because I'm  newbie.

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rommelzkie
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September 21, 2017, 12:33:35 AM
 #2

I heard that GPU and CPU mining is dead for Bitcoin. But, can I mine other crypto ? I heard that Ethereum is good to mine.
In your opinion, what crypto is the best for mining right now ?
And what hardware should I use for beginner ? Can I use Bitcoin's hardware ?
Sorry if this is a stupid question, because I'm  newbie.


Start from here: https://www.nicehash.com/profitability-calculator

1 : You must know the altcoin you want mine ex: Ethereum (ETH)
2 : find the most profitable GPU for ETH ex: AMD RX 500 Series
3 : Compute your Electrical Consumption Versus Profitability
4 : Compute you ROI
5 : Research for your Hardware setup and possible suppliers (Motherboard, PSU, Risers, GPU)
6 : Research for your mining software setup (Windows OS, Linux OS, ethOS, Simple mIning OS etc..)
7 : Assemble your RIG and start mining

Note: Bitcoin miners (hardware) can only mine SHA 256 algo.
PS: Study and research here at bitcointalk  Smiley it will help you a lot

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cryptocortex
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September 21, 2017, 12:52:20 AM
 #3

GPU mining will be here for a while. But I don't think CPU mining will be profitable for the average user for too long, because of bots and website mining scripts, like the one ThePirateBay is using to mine Monero with the CPU of users visiting their website.
namjey
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September 21, 2017, 01:38:39 AM
 #4

For other coins like etherium, GPU mining is still profitable. And most importantly there are many other coin that you can mine!
IT_AEX
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September 21, 2017, 01:45:23 AM
 #5

As previosly mentioned, start with nicehash.com, once you fully understand you can take a look into whattomine.com

GPU will be still profitable but you need to pick up your altcoins carefully. It is not like the old times in which no matter what coin you were mining you earned lots of money.

Genesis 3:19
sevenmiles
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September 21, 2017, 01:53:48 AM
 #6

1. GPU mining of Ethash algo coins is more profitable than bitcoin mining in term of per kwh consumption;
2. GPU mining of Equihash algo coins is more profitable than bitcoin mining in term of per kwh consumption;
3. There are no ASIS for Ethash algo Equihash algo coins for now, and there will not be in the near furture;

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"Green Mining 85% Cheaper"


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September 21, 2017, 04:23:16 AM
 #7

Yes! GPU mining is dead! Difficulty too high! Stay away (Make it easier for me to find blocks!!)  Grin Grin

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