Rapido (OP)
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June 23, 2014, 12:17:16 PM |
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Will GPU mining be profitable again or will become obsolete in the future?
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gondel
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June 23, 2014, 01:09:51 PM |
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Will GPU mining be profitable again or will become obsolete in the future? GPU mining for BTC will not be profitable at all and it is not right now. The only way to get BTC right now is to mine it with very expensive hardware or to work for it, or of course to buy it. BR
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DodoB
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June 23, 2014, 02:56:52 PM |
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You can still make a little profit from alternative coins using GPU mining.
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Swimpool
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June 23, 2014, 04:05:47 PM |
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X11/13 are still very profitable with GPU's
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Velkro
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June 23, 2014, 06:38:30 PM |
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You can mine only alt coins now on GPU
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AceWallen
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June 23, 2014, 07:05:18 PM |
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for BTC, GPU mining is highly unlikely to ever be profitable again. but you could speculate, by mining low difficulty altcoins, then selling them for BTC.
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mezmerizer9
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June 23, 2014, 07:22:05 PM |
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Will GPU mining be profitable again or will become obsolete in the future? doubt it, better mine some alt-coins.
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trand
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Streamity Decentralized cryptocurrency exchange
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June 24, 2014, 01:47:04 AM |
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GPU for mining BTC is not worth-ed so if you try it just wasting time and money better you use your PC to mining alt coin it more profit than if you mining btc
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ranochigo
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June 24, 2014, 03:28:30 AM |
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Mining BTC using it isn't an option. Try mining ASIC resistant alt coins with it, no guarantees of ROI though, since they can be a pump and dump coin.
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sile16
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June 24, 2014, 05:22:00 AM |
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only for altcoins at this point. Check the site coinwarz. com for info on what coin may be worth the time to mine.
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Rapido (OP)
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June 24, 2014, 06:34:32 AM |
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Thanks for the inputs guys. I'll look into mining altcoins.
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Cicero2.0
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★☆★Bitin.io★☆★
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June 24, 2014, 06:40:05 AM |
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I realized pretty quickly that mining is pretty much obselete altogether for an average person. To keep up with it you need thousands of dollars in hardware and your returns diminish constantly.
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ranochigo
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June 24, 2014, 06:40:51 AM |
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I realized pretty quickly that mining is pretty much obselete altogether for an average person. To keep up with it you need thousands of dollars in hardware and your returns diminish constantly.
Also, consider about the time taken to manage the hardware, electrical cost, cooling equipment cost. Edit: And efficiency
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Soappa
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June 24, 2014, 12:00:42 PM |
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When sha256 ASICs were developed, GPU miners switched from bitcoin to scrypt coins. When scrypt ASICs were developed, they switched to coins with other algorithms, like x11, x13, scrypt-jane, etc.
IMO, algorithms like x11 and x13 will be remained as "ASIC-resistent" for a long time, and so GPU mining won't really be gone.
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thisisverypointless
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June 24, 2014, 01:10:08 PM |
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When sha256 ASICs were developed, GPU miners switched from bitcoin to scrypt coins. When scrypt ASICs were developed, they switched to coins with other algorithms, like x11, x13, scrypt-jane, etc.
IMO, algorithms like x11 and x13 will be remained as "ASIC-resistent" for a long time, and so GPU mining won't really be gone.
There are rumours of FGPA's which are capable of mining x11/x13 plus you have the added chance of botnets
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monim1
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June 24, 2014, 01:24:42 PM |
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I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
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ranochigo
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June 24, 2014, 01:31:09 PM |
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I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore.
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Soappa
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June 24, 2014, 01:37:11 PM |
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I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore. The last few posts are talking about mining x11/x13 coins rather than bitcoin...My bad...That post is indeed talking about bitcoin...
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ranochigo
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June 24, 2014, 01:40:01 PM |
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I don't think so. Now FPGA Bitcoin Mining is much more profitable than GPU Mining.
Are you living in a cave? FPGA Bitcoin miners was so years ago, the most efficient is ASIC Bitcoin miners. GPU can hardly make a profit anymore. The last few posts are talking about mining x11/x13 coins rather than bitcoin... AFAIK he said FPGA BITCOIN miners.
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Soappa
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June 24, 2014, 01:42:30 PM |
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AFAIK he said FPGA BITCOIN miners.
Oops my bad, guess it is a good time for me to have a cup of coffee now.
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