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Author Topic: October 2014. Are GPU rigs useless?  (Read 8128 times)
Wolf0
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November 12, 2014, 12:20:41 AM
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Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

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arielbit
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November 12, 2014, 12:38:55 AM
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home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.
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November 12, 2014, 01:06:33 AM
 #23

Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

Oh, sorry. I assumed you meant with your private kernels. My bad.
bensam123
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November 12, 2014, 08:06:40 AM
 #24

Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these?

home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.

Just because you invest in something doesn't mean you want to lose it, even if you can.
notlist3d
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November 12, 2014, 06:29:20 PM
 #25

Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these?

home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.

Just because you invest in something doesn't mean you want to lose it, even if you can.

I also would like to see it at 11 cents making profit.  I pulled mine long ago with 10 cents.  Can you show profit being higher mining then just selling cards and buying? 
 
I sold my GPU's long ago.  I could have mined for a little longer and never made what I sold them for.    I think some gamers got a good deal when I sold all mine.
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November 12, 2014, 06:45:32 PM
 #26

only worth this point if y ou have free elec, you can make around 0.0015~btc/day/280x...
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November 12, 2014, 07:01:32 PM
 #27

My 750 Ti makes a bit of profit... When a coins difficulty drops and simultaneously its price goes up. Then I make 3-7¢ maybe.

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November 13, 2014, 09:00:30 AM
 #28

GPU will always be better than ASICS for the long term in my opinion.  AISCs get outdated very quick and become paper weights.  GPU always has some resale value and can mine all the new algos that will take months if not years to develop ASICs for.
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November 14, 2014, 12:54:52 AM
 #29

Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these?

home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.

Just because you invest in something doesn't mean you want to lose it, even if you can.

FTC was good for a bit.

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bensam123
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November 15, 2014, 06:35:08 AM
 #30

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.
Wolf0
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November 16, 2014, 10:21:17 PM
 #31

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.

No, you don't - more efficient kernels means more miners, higher diff.

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November 16, 2014, 10:45:15 PM
 #32

Right now, R9 290s are consistently profitable at $0.10/kwh.  Not greatly profitable, but they produce more then power costs while providing free heat.  This is based on publicly available mining software and immediate conversion to fiat.
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November 17, 2014, 12:13:25 AM
 #33

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.

No, you don't - more efficient kernels means more miners, higher diff.

And that usually means more heat and more energy. Am I right?

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November 17, 2014, 12:16:26 AM
 #34

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.

No, you don't - more efficient kernels means more miners, higher diff.

And that usually means more heat and more energy. Am I right?
Depends what you mean by "efficient."  Usually faster kernels use more power and therefore produce more heat, yes.  But, if by efficient you mean balancing power and output, a maxed out kernel and miner configuration is rarely most optimal.
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November 17, 2014, 04:10:08 AM
 #35

Just came back from a 4 months hiatus from the world of crytos. My GPU rigs have been asleep for the summer because of the heat. Right now, is it still possible to use a GPU rig in a manner that will be profitable? Or should I just dismantle them and sell the parts?

Since summer is over, same goes for a lot of people. Difficulty going to increase for all algo. So yeah GPU is useless for mining.

Not the case; I'm turning a profit at $0.11 USD per kWh.

Why do you always make posts similar to this, which inevitably leads to noobs asking you how you do so, to which you'll brag about the magic kernels that you've made and only you have access to? You give people false hope and waste time. It gets annoying.

That said, I don't think you should share your kernels and understand why you don't. Doesn't it get annoying having people beg you for them? If I were you I'd STFU about them and enjoy the extra profit, like I'm sure a good number of people do who may have just as good or even better custom kernels.

No, with public miners, I can.

I'd like to see these profitable public kernels... I've scoured the forums and pretty much all the good ones have been integrated into sgminer 5. So if it is public, as you say, and you aren't just bragging about your private kernels as per usual, where do you find these?

home miner here and still mining...investing or mining a coin/coins is a risk.....cryptos including bitcoin is risk.

invest/mine only what you can afford to lose.

Just because you invest in something doesn't mean you want to lose it, even if you can.

FTC was good for a bit.
sure aint no more, its now neoscrypt and nh now has neoscrypt too

Wolf0
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November 17, 2014, 05:08:32 PM
 #36

Yes it was, now it's back to being almost on par with the other algos, only it uses more power. So people are losing money if they're mining at 'equal' rates across all their cards. Nice hashes % doesn't take into account power usage. Each one of my systems uses about 100 more watts of power when mining NeoScrypt.

It's fine and dandy to think GPU miners are better, but I could've probably made a lot more money juggling ASICs then I did on GPUs. It looks like the BTC market doesn't want to budge either, it climbs and then people sell it all.

I can't help but think people are mining on a whim right now because they think last november is going to happen again, so x11 and other algos are all SUPER negative at the moment. All the machines that were switched off, are on again mining at negative profit for possible 'future profit'. They're playing the lottery. On the bright side, that probably means when we're still sitting around 400 BTC in Jan, all those machines will be sold as this is their last 'huzzah'.

We (GPU miners) really need more efficient kernels.

No, you don't - more efficient kernels means more miners, higher diff.

And that usually means more heat and more energy. Am I right?
Depends what you mean by "efficient."  Usually faster kernels use more power and therefore produce more heat, yes.  But, if by efficient you mean balancing power and output, a maxed out kernel and miner configuration is rarely most optimal.

Maxed out kernel is usually most optimal, maxed out config... no.

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bensam123
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November 20, 2014, 07:42:52 AM
 #37

People are fucking retarded if they're using their GPUs as space heaters and using that as part of their profitability equation. That means in spring, everyone is going to be super negative, everyone will sell their rigs (or hold them till next winter?), and the economy will bomb again. I wondered what was going on, but this is so asinine I don't even know what to think of it.

Breaking even with power costs is not the same as making money, especially considering how much you could have if you sold your cards. They DO depreciate, which happened recently with the release of the 970/980 and AMDs price cuts to all their cards because of it. People that are using their GPUs as space heaters (and using that as part of their profitability equation) are just wrecking things for themselves and other people.


Efficiency is hash/watt

No, you don't - more efficient kernels means more miners, higher diff.

Miners don't magically scale up, people buy them. People aren't going to buy them if they aren't remotely profitable. There are some (stupid) people that have been clinging to their hardware till winter to switch it on and use it as a space heater, but they'll die off in spring time. Otherwise it doesn't magically scale up. There is opportunity cost and if say a 280x was making a dollar a day, it'd still take a half a year of those prices to pay it off. As it stands right now, most people didn't get to pay off their loans from their mining hardware if they bought it last January or later (not nov or dec).

Mining reached equilibrium around the price of power and that's a real world variable people take into account. Higher hashrate kernels always means higher difficulty as everyone ends up on the same kernel. Lower power costs does not mean more GPUs as their is a entry cost, depreciation, and opportunity cost for using a GPU, there isn't for using a new kernel...

I don't think anyone would tell you it's a good time to get into crypto mining on GPUs right now.
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November 21, 2014, 06:41:29 AM
 #38

People are fucking retarded if they're using their GPUs as space heaters and using that as part of their profitability equation. That means in spring, everyone is going to be super negative, everyone will sell their rigs (or hold them till next winter?), and the economy will bomb again. I wondered what was going on, but this is so asinine I don't even know what to think of it.
What's wrong with subsidize heating?  You don't like free heat?  It absolutely makes sense to mine for heat even if you're only breaking even on power costs...

Only short-termers sell rigs in the spring...  It might only take a week of highly profitable mining to make hanging onto 30 cards worthwhile vs selling them.  And if you've got large spaces or several buildings to keep warm during the winter, then you can save yourself thousands in heating costs.

Breaking even with power costs is not the same as making money, especially considering how much you could have if you sold your cards. They DO depreciate, which happened recently with the release of the 970/980 and AMDs price cuts to all their cards because of it. People that are using their GPUs as space heaters (and using that as part of their profitability equation) are just wrecking things for themselves and other people.
Slightly above breaking even with power costs is the minimum required to make money..  Sell cards?  Why?  Wrecking it for other people?  LOLOLOLOLOL

Efficiency is hash/watt
That's one way of looking at it - you could also say that the most efficient miner is the one that's producing the most hashes... depends what matters to you... wattage won't necessarily matter to everyone's idea of mining efficiency.

Miners don't magically scale up, people buy them. People aren't going to buy them if they aren't remotely profitable. There are some (stupid) people that have been clinging to their hardware till winter to switch it on and use it as a space heater, but they'll die off in spring time. Otherwise it doesn't magically scale up. There is opportunity cost and if say a 280x was making a dollar a day, it'd still take a half a year of those prices to pay it off. As it stands right now, most people didn't get to pay off their loans from their mining hardware if they bought it last January or later (not nov or dec).
You call it stupid, I call it smart.  All my hardware made ROI long ago (of course, after paying for the power), and is well in profit.  Now it's the most efficient heater you could ever imagine (it pays for itself and then some!)

I don't think anyone would tell you it's a good time to get into crypto mining on GPUs right now.
Oh definitely, I can't see who would invest right now.  But if you already have the GPUs, and you're keeping them for some reason (people will have various reasons), why not have free heat for the winter?
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November 21, 2014, 06:58:04 AM
 #39

People are fucking retarded if they're using their GPUs as space heaters and using that as part of their profitability equation. That means in spring, everyone is going to be super negative, everyone will sell their rigs (or hold them till next winter?), and the economy will bomb again. I wondered what was going on, but this is so asinine I don't even know what to think of it.

Breaking even with power costs is not the same as making money, especially considering how much you could have if you sold your cards. They DO depreciate, which happened recently with the release of the 970/980 and AMDs price cuts to all their cards because of it. People that are using their GPUs as space heaters (and using that as part of their profitability equation) are just wrecking things for themselves and other people.


Efficiency is hash/watt

No, you don't - more efficient kernels means more miners, higher diff.

Miners don't magically scale up, people buy them. People aren't going to buy them if they aren't remotely profitable. There are some (stupid) people that have been clinging to their hardware till winter to switch it on and use it as a space heater, but they'll die off in spring time. Otherwise it doesn't magically scale up. There is opportunity cost and if say a 280x was making a dollar a day, it'd still take a half a year of those prices to pay it off. As it stands right now, most people didn't get to pay off their loans from their mining hardware if they bought it last January or later (not nov or dec).

Mining reached equilibrium around the price of power and that's a real world variable people take into account. Higher hashrate kernels always means higher difficulty as everyone ends up on the same kernel. Lower power costs does not mean more GPUs as their is a entry cost, depreciation, and opportunity cost for using a GPU, there isn't for using a new kernel...

I don't think anyone would tell you it's a good time to get into crypto mining on GPUs right now.

I love the "wrecking it for other people" part. Stop mining because I want diff to go down!  Grin

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November 21, 2014, 07:10:00 AM
 #40

I love the "wrecking it for other people" part. Stop mining because I want diff to go down!  Grin
Bingo.  It's not very many comments capable of earning that many L's and O's strung together.

Nothing in technology that is profitable for a home user is likely to stay that way.  Economies of scale are simply too advantageous, and where there is profit (or these days, free or heavily subsidized heating), there will be those who take advantage and those who cry about it.
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