Is My Rig good for Mining?

[MickyBaloney]

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.

From what I understand about mining, ASICs would be the best thing that you could get. I can't say if you'll get an ROI, so that's up to you to decide.

[DrG]

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.

Well very few ASICs have actually made profit for the end user.  You should not figure fiat exchange ratio into the price since you could have acquired the Bitcoin on an exchange for 10 minutes of work (instead of months of mining).

Consider this:

If you buy Bitcoin right now with $40k USD you get 64.9BTC instantly which you can sell at any time (what you if need the $ for a cancer diagnosis).

If you spend $40K on pretty much any ASIC besides an Antminer S3 you will mine less than 64.9BTC in the next year.  This includes KNC Jupiter, Spoondoolies S30, BFL Monarch, BTCGarden or Rockminer equipment.  Even the S3 is questionable - people with free electricity will probably make a decent profit.  People with expensive power will end up with less the 64.9BTC they could have bought.

The ASIC manufacturers will have made somewhere between 10 and 25BTC off of your ASIC purchase (which they will either keep as profit or use to make their own farm to compete with the equipment they sold you making your equipment worth even less).

If the goal is to make a profit then the majority of ASIC purchases would result in a loss.  If you want to learn about mining or enjoy it as a hobby then nothing can replace having a miner and buying a few isn't going to bankrupt most people (except maybe BFL gear).

The only reasons end users have AT THIS MOMENT to mine are to support decentralization, and if they have MASSIVE power to create anonymous transactionless coins.

[InwardContour]

Mining is profitable only for mining hardware manufatcturers,
they use the preorder funds to build themselves new machines and they sell the older ones to the common people.

[3x2]

Give it try to Monero, you can earn pennies with this rig 

[ShootingStarJose]

Isnt monero a X11/X13? I remember seeing earlier a post about those.

[arcanum]

Isnt monero a X11/X13? I remember seeing earlier a post about those.

Monero is CryptoNight, it's a CryptoNote coin so its not a fork of Bitcoin.

[BitcoinAddicts]

Give it try to Monero, you can earn pennies with this rig 

Not profitable anymore after GPU invade it.

[Muhammed Zakir]

Give it try to Monero, you can earn pennies with this rig 

Not profitable anymore after GPU invade it.

That is why he told pennies. Is there any coins which isn't invaded by GPU, yet?
Kindly,
       MZ

[williamj2543]

First of all your GPU is nvidia, so NO. Second of all, its a very low power nvidia, so NO NO. And third, gpu mining is dead

[PangPang]

Give it try to Monero, you can earn pennies with this rig 

Not profitable anymore after GPU invade it.

That is why he told pennies. Is there any coins which isn't invaded by GPU, yet?
Kindly,
       MZ

Nothing I am aware of at this moment. And if there is such a coin, it will get invaded by GPU before getting popular.

[truehold3r]

First of all your GPU is nvidia, so NO. Second of all, its a very low power nvidia, so NO NO. And third, gpu mining is dead

I have eight NVIDIA 750Ti, they aren't so bad for mining, expecially for the new coins.

[ajareselde]

First of all your GPU is nvidia, so NO. Second of all, its a very low power nvidia, so NO NO. And third, gpu mining is dead

I have eight NVIDIA 750Ti, they aren't so bad for mining, expecially for the new coins.

Yeah, you can mine x11 coins with much success.
There are now optimised kernels for nVidia, making it even better choice than AMD in x11 mining.

[Wesley]

Why has nobody suggested mining CPU coins?

Here is a list of them:

http://www.cpucoinlist.com/

Bitcoin mining is only for ASICs now, which OP doesn't have. Scrypt mining is for AMD cards and ASICs, which OP doesn't have either. But CPU coins can still be mined with OP's CPU. These can then be traded for bitcoins on an exchange.

[ranochigo]

Why has nobody suggested mining CPU coins?

Here is a list of them:

http://www.cpucoinlist.com/

Bitcoin mining is only for ASICs now, which OP doesn't have. Scrypt mining is for AMD cards and ASICs, which OP doesn't have either. But CPU coins can still be mined with OP's CPU. These can then be traded for bitcoins on an exchange.

CPU uses a lot of your total CPU usage. It isn't good if the OP is also using it for browsing. The heat would typically get quite high and you can't get a few of those CPU in one machine. People uses botnet to mine those CPU coins and the difficulty would rise. Alt coin's value are typically very low which isn't even enough to cover the power cost.

[Baitty]

Why has nobody suggested mining CPU coins?

Here is a list of them:

http://www.cpucoinlist.com/

Bitcoin mining is only for ASICs now, which OP doesn't have. Scrypt mining is for AMD cards and ASICs, which OP doesn't have either. But CPU coins can still be mined with OP's CPU. These can then be traded for bitcoins on an exchange.

For that to be effective you need to know of that altcoin and if it is a pump and dump or if its just going to crash and not be worth wasting your electricity.

[Thenen]

Why has nobody suggested mining CPU coins?

Here is a list of them:

http://www.cpucoinlist.com/

Bitcoin mining is only for ASICs now, which OP doesn't have. Scrypt mining is for AMD cards and ASICs, which OP doesn't have either. But CPU coins can still be mined with OP's CPU. These can then be traded for bitcoins on an exchange.

CPU coins are only temporary, someone is going to make a GPU miner for it after sometime..

[Testing123]

Why has nobody suggested mining CPU coins?

Here is a list of them:

http://www.cpucoinlist.com/

Bitcoin mining is only for ASICs now, which OP doesn't have. Scrypt mining is for AMD cards and ASICs, which OP doesn't have either. But CPU coins can still be mined with OP's CPU. These can then be traded for bitcoins on an exchange.

Most of those "CPU coins" are no longer CPU-only.
For example, X11 and X13 coins can be mined with https://bitcointalk.org/index.php?topic=616786.0 while CryptoNight coins can be mined with https://bitcointalk.org/index.php?topic=638915.0.

[Fakhoury]

No brother.

Switch to cloud mining please.

[lynn_402]

No brother.

Switch to cloud mining please.

Cloud mining would be quite worse than mining with a GPU you already have.

The rates there are ridiculous, and only the company makes money on that. Plus, it encourages the centralization of mining.

[Muhammed Zakir]

No brother.

Switch to cloud mining please.

Cloud mining would be quite worse than mining with a GPU you already have.

The rates there are ridiculous, and only the company makes money on that. Plus, it encourages the centralization of mining.

Yes. They give us a small fraction of what we pay but there are a few hosting sites where we can choose our own pool. The price is bit higher than cloud mining price but it is better. They pay all the hosting and maintenance fee for 1 year. In some we can only mine for few days which will be insufficient to get the BTC you spent. Always calculate what might be the outcome of the action.
Kindly,
       MZ