GPU Mining profitability is a joke

[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.

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.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future.  GPU's luckily are easy to sell by them self.  You can part with more but on my motherboards and other pieces i kept.  Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.

[Amph]

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.

Sadly that is what most rigs come to am these day's.

I kept my PSU's as i figured i might need them in future.  GPU's luckily are easy to sell by them self.  You can part with more but on my motherboards and other pieces i kept.  Just could not bring myself to sell for so low.

Luckily GPU's you will get some of investment back on when selling.

same i'll sell only the gpu, the other parts may be useful in the future, one never know...

[digitalindustry]

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...

sorry dude you are being scammed - X11 is not a real cPoW  algo it has no random function.

there are currently two on the market that i know of.

Quark

and

M7  ( The mini BC Cryptonite)

i'm guessing you are not going to understand this as it becomes all too hard , but the reason a lot of the crypto are "high" (in price) is because they can't me mined (have you noticed that?)

i will let you ponder that.

; |

[RTRC]

Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?

[TheJohn]

Wouldn't you guys be better off transforming your rigs into the form of a desktop, then selling it as a desktop?

2nd hand desktop price isn't good either. Easier to just sell them 1 by 1.

[trixnstones]

Scrypt ASIC manufacturers have a lot of skin in the game, it would not surprise me if they were messin with prices...

[MaxDZ8]

Sounds reasonable indeed.

[Cryptocreek]

If you know what to mine, you will earn a lot of bitcoins.

[Amph]

If you know what to mine, you will earn a lot of bitcoins.

this was true at january-march(doge era) or may-june at best, not now for sure

[infofront]

I was a fairly early bitcoin GPU miner. I stopped mining and held on to most of my hardware, but sold my GPUs. When scrypt mining became profitable, I just got some new GPUs and I was all set.

I'm basically doing the same thing now because I believe the bitcoin/altcoin markets are cyclical and it will be profitable to mine again at some point. Also, I'm using some of the money I would've spent on electricity to just buy altcoins.

[infofront]

If you know what to mine, you will earn a lot of bitcoins.

And if I knew what the winning lottery numbers were going to be, I'd make a lot of $$$.

[grendel25]

Yeah, gpu mining is a real drag lately.  I said I'd give it a year and that year is up in April 2015.  I keep reading these boards and that's how I find various algos to try like cryptonight but even that has gotten played out.  Who knows, maybe it's seasonal, maybe it's Maybeline.  idk... hope something turns up for the good.

Crazy there are so many coins out.  It's just a flooded market with a lot of trash coins but a few making good business deals. 

[TheCoinFinder]

The real issue is that people are mining too many worthless coins.

The issue isn't GPU or ASIC - its that most of the coins people mine aren't worth anything!

X* algo coins are FPGA territory now.

Scrypt is ASIC

Quark,Monero "randomised" coins are Botnet territory.

What you are left with is very few choices.

Vertcoin, out of all of the remaining coins, IMO stands out as the one coin (esp with new algo coming) that is going to shoot up in value. As soon as GPU owners get fed up of wasting hashes on PnD coins - and more people embrace the decentralisation of digital currencies that Vertcoin offers.

[Ignition75]

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

[ChekaZ]

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

[ktmracing03]

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

Ive got 2 Sapphire R9 290x left and 6 Sapphire R9 290 that can be flashed to 290x. All cards are battlefield 4 editions and were only used a couple of months in a data center. I have all the boxes and retail accessories. Would sell for BTC or LTC.
PM me if interested.

290s are still in a rig and ready to go. Also have a couple BTC pro mobos tons of usb powered riser cables etc. Willing to make a good deal.

[Ignition75]

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

That doesn't make sense to me.  The largest users I've seen on x11 are people with big gpu farms.

Can you link me some of the pools with 70 Gh/s plus users?  That would be good.  Thanks 

[Toninho]

[Ignition75]

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

Ive got 2 Sapphire R9 290x left and 6 Sapphire R9 290 that can be flashed to 290x. All cards are battlefield 4 editions and were only used a couple of months in a data center. I have all the boxes and retail accessories. Would sell for BTC or LTC.
PM me if interested.

290s are still in a rig and ready to go. Also have a couple BTC pro mobos tons of usb powered riser cables etc. Willing to make a good deal.

I've just sold 12 x GA 290 BF4 editions on ebay, they got a really good price, between $310 - $330 AUD, which paid for 18 x 750ti's, GA Black Edition...

[LightningBlade]

I keep reading that X11 is FPGA territory, however I've not yet seen any proof as of yet.

Even ASICs can mine x11. Just take a look at chinese pools. Single users with over 70gh/s.

That doesn't make sense to me.  The largest users I've seen on x11 are people with big gpu farms.

Can you link me some of the pools with 70 Gh/s plus users?  That would be good.  Thanks 

I dont think the 70gh/s is asic, its just mini GPU farm...