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Author Topic: GPU Mining.  (Read 4323 times)
boraf
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July 09, 2014, 04:41:56 PM
 #41

If you find a way to mine cryptonight coin using GPU, that may still have some profit in it.
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July 09, 2014, 11:25:50 PM
 #42

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.
There may be some profitability but their difficulty will also increase and their value can also be quite low. You might never ROI.

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July 10, 2014, 02:13:02 AM
 #43

Barring somebody having access to 100% free electricity there are no profitable GPU coins for mining.  Scrypt coins had that distinction for quite awhile until scrypt asics started appearing.  Then Adaptive Scrypt-N coins, followed by X11/X13, Keccak, Grotesl, and Quark.

But as it stands now...GPU mining is pretty much screwed universally in my opinion.

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July 10, 2014, 04:12:34 AM
 #44

Barring somebody having access to 100% free electricity there are no profitable GPU coins for mining.  Scrypt coins had that distinction for quite awhile until scrypt asics started appearing.  Then Adaptive Scrypt-N coins, followed by X11/X13, Keccak, Grotesl, and Quark.

But as it stands now...GPU mining is pretty much screwed universally in my opinion.

Unless free electricity it is hard for big GPU miners.   I know i sold mine off because you have to add in cooling to the equation running lots of cards and cooling electric bills were not fun for GPU.
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July 10, 2014, 06:37:58 AM
 #45

If you find a way to mine cryptonight coin using GPU, that may still have some profit in it.

https://bitcointalk.org/index.php?topic=638915.0
From the feedback on that thread, it seems it does work.


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July 12, 2014, 02:20:07 AM
 #46

Barring somebody having access to 100% free electricity there are no profitable GPU coins for mining.  Scrypt coins had that distinction for quite awhile until scrypt asics started appearing.  Then Adaptive Scrypt-N coins, followed by X11/X13, Keccak, Grotesl, and Quark.

But as it stands now...GPU mining is pretty much screwed universally in my opinion.

Unless free electricity it is hard for big GPU miners.   I know i sold mine off because you have to add in cooling to the equation running lots of cards and cooling electric bills were not fun for GPU.
Even if you have free electricity, the amount that GPU mining will produce will likely not even be worth your time.

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July 12, 2014, 03:47:41 AM
 #47

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.
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July 12, 2014, 06:58:23 AM
 #48

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

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July 13, 2014, 07:39:12 AM
 #49

You can mine only alt coins now on GPU

alt coin like dogecoin, litecoin, and many more with scrypt algo are not profitable now
you have to choose alt coin with asic resistant like darkcoin (x11 algo)

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July 13, 2014, 08:27:21 AM
 #50

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it.  If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it.  The ASICs follow the money trail.
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July 13, 2014, 08:33:43 AM
 #51

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it.

Very true. Scrypt was ASIC-resistant, and those x11 algorithm was GPU-resistant.  Grin

Gumbork
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July 13, 2014, 08:38:18 AM
 #52

None of the gpu mining is profitable, better sell of right now!!


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July 13, 2014, 09:06:28 AM
 #53

GPU mining is still profitable.  Mine x11, x13 or NIST5 and you'll save a lot of electricity right off the bat.  You can make slightly more BTC by getting in on new altcoins early while the difficulty is low.  A lot of coins are proof-of-stake now as well so you can just leave the coins in your wallet and they collect interest.  The trick to it all is mining and dumping the shit coins versus mining and staking the good ones.  Good luck!

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July 13, 2014, 12:41:09 PM
 #54

While it may be profitable for a few people, I would not recommend setting up a GPU farm at this time.   There GPU farms who switch off of Bitcoin in 2013 were already sunk costs.  The run-up of LTC and Doge earlier put that strain on the AMD GPU market.  Now you can find secondhand used GPUs dirt cheap for a reason Tongue
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July 13, 2014, 05:27:02 PM
 #55

GPU mining is still profitable.  Mine x11, x13 or NIST5 and you'll save a lot of electricity right off the bat.  You can make slightly more BTC by getting in on new altcoins early while the difficulty is low.  A lot of coins are proof-of-stake now as well so you can just leave the coins in your wallet and they collect interest.  The trick to it all is mining and dumping the shit coins versus mining and staking the good ones.  Good luck!

How much you can get mining those altcoin a day, say with a r280x?

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July 13, 2014, 06:29:47 PM
 #56

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it.  If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it.  The ASICs follow the money trail.
This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

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July 14, 2014, 10:25:21 AM
 #57

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it.  If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it.  The ASICs follow the money trail.
This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

That is incorrect. Artforz is considered to first person to be secretly mining massive amounts of BTC on his GPUs and at that time BTC was over $0.01.  The spike in mining in March 2011 is from the GPU explosion that Satoshi tried to hold back as long as possible.
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July 14, 2014, 02:39:41 PM
 #58

I think it's just like CPUs. CPUs used to be profitable, now it would be a total joke to try to mine with a CPU. I think gpus are headed that way, if not already there. It could be fun to tinker for a bit with it to get your feet wet with mining though. I did it for a while but then it wasn't worth it.

Pretty much so, unless there will be a hugely successful ASIC-resistant coin.

The problem is if a coin becomes successful somebody will want to develop a specific machine just for it.  If BTC stayed at $0.10 there would be no ASICs for it. People wouldn't even bother with GPUs for it.  The ASICs follow the money trail.
This is probably true, however people were GPU mining long before BTC was worth even a penny, the may have not been investing thousands of dollars in bitcoin but they were using GPUs to mine.

That is incorrect. Artforz is considered to first person to be secretly mining massive amounts of BTC on his GPUs and at that time BTC was over $0.01.  The spike in mining in March 2011 is from the GPU explosion that Satoshi tried to hold back as long as possible.

While Artforz is the first one to mine bitcoin with GPUs secretly (https://en.bitcoin.it/wiki/ArtForz), laszlo (the pizza buyer) released a GPU miner back in May 2010 https://bitcointalk.org/index.php?topic=109.msg5149151#msg5149151

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July 14, 2014, 02:47:59 PM
 #59

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..
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July 14, 2014, 02:54:20 PM
 #60

The only way that can save GPU mining is someone create a truly GPU only coin. Its hard but not impossible..

That is not the hard part.
The really hard part is to make that coin successive, which requires good developers, good promoting programs, a large user base, good merchant acceptance, etc.

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