Mining with GPU --- What should I do?

[Meticulous7]

Try to only bring your miners up when needed and get into coins at launch. This way you can accumulate a lot of coins really quickly. This is totally a gamble but if even one of the coins you pick gets pumped you could be in for a windfall. Pick wisely, though. I have had a few I got in on early, got a bunch of coins, and they were quickly proven to be scams. Wasted electricity.

I took the advice of others and started small (2x R9 270s.) Got the rig about 2 months ago. Considering selling it now. HOWEVER, I got into CannabisCoin a day or two after it launched and mined a bunch of it. Now that it has pumped I have easily paid for my rig, electricity spent, and pocketed some cash. Off of one coin! I wish I would've used this strategy early on, before wasting my first few weeks mining scrypt and other high difficulty coins. My electricity is NOT cheap

[grendel25]

everyone is mining cryptonight and from what I can see that is most profitable unless you get lucky with timing on some X-? coin.  I'm just wondering what the next big thing will be.  Should be some new gpu's coming out soon that are more cost effective for power.  but if coin prices surge than the equipment doesn't matter as much.  The more financial market share crypto takes the more value there should be.  But eventually big businesses will make their own mining farms and it will make coin mining by the lay person or even the person with 24+ gpus pretty irrelevant.  That's 'if' and 'when' of course.

[Amph]

maybe the future is hard disk mining, better to watch now and not cry later

[wunkbone]

maybe the future is hard disk mining, better to watch now and not cry later

Hard disk mining is too easily abused, I dont think so.

[Amph]

maybe the future is hard disk mining, better to watch now and not cry later

Hard disk mining is too easily abused, I dont think so.

there is a limitation in memory, you can't really abuse it, if you mean using tons of hard disk with one rig, and at least the consumption is far lower

[MaxDZ8]

And easily centralized.

Nonetheless, with HDD prices slumbering and the very easy latency requirements, I suspect spinning-platter storage manufacturers might want to jump on that.

Perhaps I could use my ARC1230... with the mainboard that should give me 20 HDDs per rig and I have extra PCI and PCIex slots available... still nothing compared to whoever can afford a SAN...

[Hannan]

I'm still not sure what have to do yet.. I'm getting electricity for next to nothing so that is not an issue.. but something worth to put them in work... Any interesting coin to mine?
it seems the country I'm from (Iran) selling them is not a great option though :/

[MaxDZ8]

Hello Hannan,
my country is severely limiting free market in various ways so I cannot neither buy nor sell cryptos.

As a result I'm interested in cryptos for the future value that might provide to me as an user.
I'm currently mining MYR. Perhaps I will do some Digibyte, VTC and Monero in the future.

At .14c/kWh my operating costs are more than twice as the value of generated coins but considering we're talking about 1€/week, I still think this is the best way to get some without going through the legal minefield that's my country nonsensical legislation and I think those coins hold considerable potential.

[Hannan]

Thanks, so what is the best algorithm to do with GPU right now?

[Amph]

Thanks, so what is the best algorithm to do with GPU right now?

they said monero, xcn also isn't bad

[Rabinovitch]

I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?

Monero. 

[beegatewood]

I was wondering if can do any mining with them that can worth the effort.. is that any good GPU mining still out there?

Monero. 

The profit seems to be as bad for mining monero.

[atp1916]

Correct.  Profit on monero with current (public) miners is nil with current GPU / CPU performance.

I can tell you/anyone this much: noone is giving up their cash cow coin.

[Klubknuckle]

Correct.  Profit on monero with current (public) miners is nil with current GPU / CPU performance.

I can tell you/anyone this much: noone is giving up their cash cow coin.

Nice, there is a secret miner that can mine like 10x the speed?

[MaxDZ8]

It is possible there is a GPU cryptonight implementation which is much faster (4-8x faster) but we can only speculate about it.

[whitemage]

It is possible there is a GPU cryptonight implementation which is much faster (4-8x faster) but we can only speculate about it.

Anybody care to share?

[MaxDZ8]

They don't and to be completely clear, they have no reason to.  GPL violations are tolerated here as well as imposed fees or modified servers so you can only mine to them... you can see a few examples live now on this forum.

[Hannan]

So here is the question, what people do with their GPU's right now?

[MelodyRowell]

So here is the question, what people do with their GPU's right now?

Shut down the gpu miner and sell it.. Best solution right now..

[act now]

So here is the question, what people do with their GPU's right now?

Shut down the gpu miner and sell it.. Best solution right now..

Well,yep, it's better to sell it as in the race for faster miner you spend more than you earn on mining coins.
I think it's profitable to mine with gpu for corporations only. Alternatively, it's possible to mine coins that have just been created so the h/r is low and than sell it in a right time before it become unprofitable to mine it.