Nawaytes
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June 24, 2014, 02:35:39 PM |
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Will GPU mining be profitable again or will become obsolete in the future? if mining for bitcoin, You will not get anything. you better mine altcoin x13/x11, like drk, btcx, hiro, lioncoin. more profitable.
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Harley997
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June 25, 2014, 03:11:46 AM |
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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. not only would you not make a profit but you would also have roughly zero revenue from GPU mining
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LYCAN
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June 25, 2014, 05:33:33 AM |
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GPU mining for btc is only for time waste if you really wants to earn from gpu and want some money..And you have free electricirty then mine alt coins.. like newley created coins.. or some good coins and then exchange them with ltc btc or doge.. and you get profit.. well i got free electricity but i dont have a good gpu for mining i m now going to buy 7960 3gb gaming plus mining card .. mining speed 550 khs..
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DrG
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Activity: 2086
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June 25, 2014, 09:38:39 AM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
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Harley997
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June 26, 2014, 03:00:19 AM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time.
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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June 26, 2014, 12:23:08 PM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time. you can still miner some x11 /x13 coins with gpus. profit is not what it used to be, but also isnt something to be thrown away either. cheers
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Feneusens
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June 26, 2014, 01:04:59 PM |
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Agree with mining x11 or x13 having some profit, but the profit is really low. I would suggest selling the GPU and buy BTC directly.
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Muhammed Zakir
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June 26, 2014, 01:59:17 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 Yes! But still you can mine some other low difficult coins. Kindly, Muhammed Zakhir
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Swimpool
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June 26, 2014, 05:19:55 PM |
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X11 and X13 for GPU make decent profit due to low power and heat!
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Corenin
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Merit: 1000
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June 26, 2014, 11:54:13 PM |
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X11 and X13 for GPU make decent profit due to low power and heat!
But still the profit is really, really low unless your electricity is close to free..
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Harley997
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June 27, 2014, 12:36:34 AM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time. you can still miner some x11 /x13 coins with gpus. profit is not what it used to be, but also isnt something to be thrown away either. cheers You may make a lot in terms of the altcoins that you are buying, but in terms of bitcoin or in terms of fiat you will not mine very much.
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thew3apon
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June 27, 2014, 01:11:50 AM |
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The best way to profit right now is to buy a x11 FPGA, but I can't find a legit one and mostly scammers..
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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June 27, 2014, 08:26:17 AM |
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X11 and X13 for GPU make decent profit due to low power and heat!
But still the profit is really, really low unless your electricity is close to free.. Also have to keep in mind that GPU's reduce in price as time goes on. For me personally i had 8500 + watts of GPU's running at a point. But i could not justify cooling, electricity for profit. I would look into selling GPU's and getting new equipment or buying directly. There are some "free" electricity that it might be worth it for but GPU is sadly not profitable for most. Especially when you look at selling GPU vs profit it makes.
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DrG
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June 27, 2014, 08:34:52 AM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time. you can still miner some x11 /x13 coins with gpus. profit is not what it used to be, but also isnt something to be thrown away either. cheers It may be profitable, but so is standing outside a supermarket begging for money. If those X11/X13 coins go belly up in a 10 day period (we've seen alts come crashing down since 2011), then you're left holding 10, 20, 30 or however many cards you bought. If you have a nice GPU that you game with and mine part-time you can't go wrong. If you build out a farm now you're risking a lot more than last year at this time. For me, I would spend my assets trying to build a crypto business. The largest holders of coins besides the early whales are the bitcoin/litecoin businesses.
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Harley997
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June 30, 2014, 01:42:51 AM |
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GPU mining is very risky now that even scrypt has ASICs available. It will only be a matter of time before X11/X13/N have ASICs (assuming those coins survive to warrant ASIC development). I would say GPU mining is only a somewhat safe bet if you have free electricity. Barring that you're better off buying/speculating.
even with free electricity GPU mining will likely not even be worth your time. you can still miner some x11 /x13 coins with gpus. profit is not what it used to be, but also isnt something to be thrown away either. cheers It may be profitable, but so is standing outside a supermarket begging for money. If those X11/X13 coins go belly up in a 10 day period (we've seen alts come crashing down since 2011), then you're left holding 10, 20, 30 or however many cards you bought. If you have a nice GPU that you game with and mine part-time you can't go wrong. If you build out a farm now you're risking a lot more than last year at this time. For me, I would spend my assets trying to build a crypto business. The largest holders of coins besides the early whales are the bitcoin/litecoin businesses. A lot of these coins are very new even by crypto currency standards. It is likely that most of them are very difficult to trade in any substantial quantity or even at all
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techlover
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July 09, 2014, 06:25:07 AM |
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It is still profitable, as long as you find the right coin to mine
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Dannie
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July 09, 2014, 10:25:13 AM |
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It is still profitable, as long as you find the right coin to mine
So what is the right coin for GPU at this very moment?
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ranochigo
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Crypto Swap Exchange
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July 09, 2014, 11:04:40 AM |
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It is still profitable, as long as you find the right coin to mine
No longer. Practically, if one coin us profitable, more people will start mining it and the difficulty can increase a lot. The coin can also be a pump and dump coin.
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Feneusens
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July 09, 2014, 12:07:00 PM |
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Even the most profitable coin right now is not profitable anymore, GPU RIP.
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sethminer14
Member
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July 09, 2014, 04:38:37 PM |
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GPU will never be profitable on Bitcoin. The difficulty to mine it is just going to get higher.
Use GPU on alt coins with X11 algos and the like.
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