Is My Rig good for Mining?

[obocaman]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

[Baitty]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

[Shogen]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

Even if you have the money to invest in ASIC, it is hard to get your investment back, considering the rapid uprising difficulty.

[ajareselde]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

doesnt have to be, did u explore x11,x13 and other alternative algo's ?
I am not saying that you will ever see the kind of profits you had in dec-feb , but it still makes a positive earnings.

If you dont currently own gpu farm tho, its a better idea not to build one now, im just saying that owners of gpu farms still can squeeze some juice out of gpus, before selling them.

Cheers

[thew3apon]

Hey, im new to mining, and i want to know if my computer is good enough for mining, before people starts saying, buy ASIC Miners, In venezuela is tough to find dollars, and if i get to find an ASIC, it would be on skyrocket prices, well back to the point, my computer specs are:

CPU: AMD Phenom(tm) II X4 965 Processor
GPU: NVIDIA GeForce GT 610
RAM: Corsair Vengeance 8gb (2 x 4gb) DDR3 1600MHZ
Memory: I cant really remember the brand of my memory, since it was installed due to my other one not working, but i know it has 700 GB.

I dont really know if my rig is good enough to mine bitcoins, or any cryptocurrency.

Not good enough for mining, but good enough for some high end games...

[Baitty]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

Even if you have the money to invest in ASIC, it is hard to get your investment back, considering the rapid uprising difficulty.

That's true. But, if you have enough money to invest and the knowledge to invest that to make a profit then you it can be done. It's hard because of the ever rising difficulty but still if you can purchase a preowned ASIC for a cheap price then you may be able to breakeven pretty soon and profit before the difficulty goes up.

[ranochigo]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

doesnt have to be, did u explore x11,x13 and other alternative algo's ?
I am not saying that you will ever see the kind of profits you had in dec-feb , but it still makes a positive earnings.

If you dont currently own gpu farm tho, its a better idea not to build one now, im just saying that owners of gpu farms still can squeeze some juice out of gpus, before selling them.

Cheers

Since bitcoin and scrypt GPU mining is over, people would switch to alt coins with other algorithm, it is possible for the difficulty to rise very fast. Those who use GPU to mine Bitcoin switched to Scrypt and most probably would switch to ASIC resistant ones, the difficulty would increase, making you less profits.

[Soccruo]

If you want to try the nice feeling of discovering blocks, just rent a cloud rig and mine a coin at the launch 

[Baitty]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

doesnt have to be, did u explore x11,x13 and other alternative algo's ?
I am not saying that you will ever see the kind of profits you had in dec-feb , but it still makes a positive earnings.

If you dont currently own gpu farm tho, its a better idea not to build one now, im just saying that owners of gpu farms still can squeeze some juice out of gpus, before selling them.

Cheers

Since bitcoin and scrypt GPU mining is over, people would switch to alt coins with other algorithm, it is possible for the difficulty to rise very fast. Those who use GPU to mine Bitcoin switched to Scrypt and most probably would switch to ASIC resistant ones, the difficulty would increase, making you less profits.

Although mining alt coins can be profitable it's also a risk and could potentially be a big waste of your time as most are pump and dump and means you have to sell at the right time and also find people willing to purchase the coins.

[ShootingStarJose]

So, i shouldnt do any kind of mining?, i know nvidia gpu's are **** for mining, but i cant squeeze anything from the CPU?

[Minnlo]

So, i shouldnt do any kind of mining?, i know nvidia gpu's are **** for mining, but i cant squeeze anything from the CPU?

You can, but I think the bitcoin/altcoin you are going to mine with your CPU will worth less than your electricity cost.
In other words, you will be very likely mining for a loss.

[ShootingStarJose]

Well, electricity is a little bit cheaper here in venezuela, with the bitcoin i would be producing it wouldnt be such of a problem.. (did i tell you that dollar is on sky prices over here?) And a last question, what cryptocurrency would be better on my computer? or they all have the same requirements? (i know some vary depending on your GPU)

[Rub3n]

Get a new bang for buck GPU if u want to mine, it will pay out sooner or later and it will enjoy you more playing them gaimz

[ranochigo]

Well, electricity is a little bit cheaper here in venezuela, with the bitcoin i would be producing it wouldnt be such of a problem.. (did i tell you that dollar is on sky prices over here?) And a last question, what cryptocurrency would be better on my computer? or they all have the same requirements? (i know some vary depending on your GPU)

Considering your GPU is not even a GTX type, you would not have much profit. Try mining X11/X13 for a little bit of coins. The payouts will still be very low since their prices isn't high and your GPU isn't fast. Your GPU lifespan would likely to be shortened.

[zhinkk]

As others stated, it's not. In general, unless you are already in the mining scene, I would avoid entering now. It is dominated by ASICS (now both on sha256 AND scrypt) and those are just so costly (but sometimes you can get a nice deal, for example I saw a 28mh/s going for $650 or so, that's pretty amazing).

[FunnyHat43]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

even today's ASICs will likely not ROI ever at current difficulty and miner prices

[zhinkk]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

even today's ASICs will likely not ROI ever at current difficulty and miner prices

I'd agree.... but some of these scrypt asics are extremely cheap and will earn you $10-20 a day for less than a $1k investment. But then again, prices are unpredictable. I just don't know.

[ShootingStarJose]

Yeah i completely understand, ASIC domined since they arrived,low electricity costs.. left GPU Farm's nearly obsolete, and man, they sure are expensive, Tho isnt there a coin that i may be able to mine at a decent rate with the CPU?, i've heard that dogecoin isnt that hard to mine, well thats everything i want to know.

[Muhammed Zakir]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

Even if you have the money to invest in ASIC, it is hard to get your investment back, considering the rapid uprising difficulty.

That's true. But, if you have enough money to invest and the knowledge to invest that to make a profit then you it can be done. It's hard because of the ever rising difficulty but still if you can purchase a preowned ASIC for a cheap price then you may be able to breakeven pretty soon and profit before the difficulty goes up.

Mining with ASIC is only good, if you want to make profit. Try to find an ASIC miner which has least price.
Kindly,
      MZ

[notlist3d]

I have an AMD card, pretty modern but pretty useless nowadays. the mining dream is over 

Unless you have money to invest in mining rigs for example ASICS were the craze. But if you haven't got money to invest then yes the dream is over.

Even if you have the money to invest in ASIC, it is hard to get your investment back, considering the rapid uprising difficulty.

That's true. But, if you have enough money to invest and the knowledge to invest that to make a profit then you it can be done. It's hard because of the ever rising difficulty but still if you can purchase a preowned ASIC for a cheap price then you may be able to breakeven pretty soon and profit before the difficulty goes up.

Mining with ASIC is only good, if you want to make profit. Try to find an ASIC miner which has least price.
Kindly,
      MZ

Asic's are your best bet.  There are some who continue to mine with GPU's, but sadly for most day's of profit are done with GPU's.  A asic in your price range would be your best bet.