GPU Mining profitability is a joke

[johncarpe64]

Can someone please let me know which algo or coin they are currently mining with their GPU?

I am currently mining x11 on wafflepool and the profitability has dropped so much that if you don't have electricity cost of $0.02/kwh you are pretty much mining at a loss. I hope that everyone to close your GPU mining rig and buy whatever alt-coin you are mining with the expected electricity bills. You would get much more coins and its healthier for the crypto-currency then to let electricity company earn...

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[seedtrue]

Tell me about it. I have not even turned my GPU rigs on in over a week 

Hoping for a good ninja launch to happen soon.

[numisma]

I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..

[grosminer]

I think GPU miners should unite in mining one coin for the future, keeping the network hashrate up and in the end the prices would also rise..

You can bet on some coins and hope they'll go up .

Something like Blackcoin maybe?

[Equate]

Tell me about it. I have not even turned my GPU rigs on in over a week 

Hoping for a good ninja launch to happen soon.

I too have turned off most my rigs and used them once in a while on new coin launch. GPU mining is not worth now .

[degel_x]

I have free electricity (Don't ask), an no money to invest i only own a r9 290

[notlist3d]

It is sad as I loved GPU days.  But for most they are gone.

You are better off in most cases selling the GPU's and getting some Asics.  I ran quite a few GPU's and with electricity and heat removal it just was not possible to profit and i sold out and switched to asics.

[Amph]

cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

[BrewCrewFan]

cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....

[cozk]

VTC ...

[notlist3d]

One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.

[kcheel]

One thing to keep in mind is GPU values.  I had a ton of 280x, 7970, 7950.  I feel good selling them all beginning of summer(wish I would have sold before they dropped from their peek but nothing I can do about that).

If you turn off and think one day a coin will come out that make them worth while.... you might end up with a box full of cards.   Selling a mahcine shut down you can buy BTC with that money or a ASIC.  Either one is a better bet most likely.

Actually in process of parting my 2 rigs out now.  As you said, better uses for the money that I can get out of the parts.  As for ASICs, have everything hosted with GAW now, so have nothing running now besides mining a little XMR with my CPU's on all my work systems.

[Feneusens]

I myself have already stopped all my GPU mining and is selling them off 1 by 1. Whoever is still mining on x11 or x13 is silly (unless free electricity). Its like flushing money into the toilet.

[Amph]

cryptonite is profitable, not by much but you can make something like 0.1 a month with 10 x 750ti(my current setup)

i'm sure now will not be profitable anymore lol

You woulda made that in a day easy a year ago or so....

yeah i know, and you would be rich if you had been a bitcoin early adopter, but we can't do nothing anymore about it

[Marvell1]

Take the advice, I parted out my 3 six gpu rigs. Getting under half what I payed for everything
I didn't roi due to electricity costs anyway.

Each 290 I sell nets about  $230 after fees and shipping I paid $450 to $520 for my gpus ugh!

I'm directly converting them to hashlets , my way of staying in the game , sold about half mt gpus and I now have near 150mhz of scrypt hashes now pulling in around $40 per day

Far better than when all 18 of my gpus were hashing and I still have 12 more gpus to sell

Gpus are dead for mining guys

[Amph]

well now even the last tiny profit from xcn is gone, nothing to mine at all, monero is even worse

[MaxDZ8]

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

[Bombadil]

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

IMHO it's a mix of several valid arguments. "Elite miners", fpga miners, people with hardware long-past-ROI, people with free electricity, ... All are possible, all are probably true too.

[cisahasa]

stupid people kill this selling under electricity cost

[Amph]

Gpus are dead for mining guys

But then, from where does the hashrate come from? I cannot quite believe they are all FPGAs.

Honestly, I grow increasingly confident there might be an elite of miners with access to better kernels, especially the case for X algos... but there are likely other surprising candidates...

those are people that have giant russia farm with free electricity and made roi already long time ago, they have nothing to lose, they can't mine at loss anymore, hence they keeps mining, sounds reasonable

stupid people kill this selling under electricity cost

they have free electricity that's the point lol