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Author Topic: October 2014. Are GPU rigs useless?  (Read 8112 times)
Bananana
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December 15, 2014, 03:30:15 PM
 #81

I guess I'm one of the few who is still profitably mining using GPUs.  My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345.  The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me. 

No private kernels - everything I've done code-wise is available.  I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Same question. I think the profit is marginal.

Would like to know this too, profit has dropped again on December so I guess its break even now?

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Wolf0
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December 16, 2014, 05:15:28 AM
 #82

I guess I'm one of the few who is still profitably mining using GPUs.  My little farm is covering 200% of its electrical costs at $.125 per KW/H as of 11/30 with BTC/USD calculated at $345.  The farm reached full ROI as of about 8 months ago, so anything above cost is a win to me. 

No private kernels - everything I've done code-wise is available.  I would not recommend anyone putting one together now though - chances of ROI with a new GPU rig is not looking good.

What are you mining exactly?

Same question. I think the profit is marginal.

Would like to know this too, profit has dropped again on December so I guess its break even now?

Yeah, cause he's gonna tell people.

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Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
Thirtybird
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December 16, 2014, 05:47:43 PM
 #83

Multicle Scrypt-Chacha coins - YACoin, Ultracoin, (was YBCoin and Cachecoin).  The trick is to have low power GPUs with lots of memory - check my post history for all the details (granted, you're almost a year late to this train).  Profitability for this month is down, but I'll cover electricity for the month at the 2.5 week mark instead of the two week mark.

Already did mate!

YACMiner: https://github.com/Thirtybird/YACMiner  N-Factor information : https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-JFNdC1ITWJrSG9VeWp6QXppbVgxcm0tbGc&usp=drive_web#gid=0
BTC: 183eSsaxG9y6m2ZhrDhHueoKnZWmbm6jfC  YAC: Y4FKiwKKYGQzcqn3M3u6mJoded6ri1UWHa
Wolf0
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December 16, 2014, 06:01:56 PM
 #84

Multicle Scrypt-Chacha coins - YACoin, Ultracoin, (was YBCoin and Cachecoin).  The trick is to have low power GPUs with lots of memory - check my post history for all the details (granted, you're almost a year late to this train).  Profitability for this month is down, but I'll cover electricity for the month at the 2.5 week mark instead of the two week mark.

Already did mate!

Just saw - surprising.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
HCLivess
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December 18, 2014, 02:20:59 PM
 #85

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

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Equate
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December 18, 2014, 05:23:39 PM
 #86

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

ASIC resistance won't matter if GPU mining profits keep on sinking down.
Amph
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December 18, 2014, 06:33:11 PM
 #87

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

i checked that new algo, and vertcoin is still un-profitable even with it, there is just not enough interest in it, no matter the algo, based on that lyre2re asic won't come out anytime soon
BitmoreCoin
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December 18, 2014, 09:45:10 PM
 #88

So maybe you should start mining on Lyra2RE, which is a custom implementation of Lyra2 made by the Vertcoin team. Remember, as soon as a Lyre2RE asics come out, they will swap again. You can rely on that.

ENDLESS MINING

i checked that new algo, and vertcoin is still un-profitable even with it, there is just not enough interest in it, no matter the algo, based on that lyre2re asic won't come out anytime soon

The dumping is relentless. Mining VTC is not profitable at al for most miners. Maybe some miners have free electricity.
cloverme
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December 19, 2014, 02:14:29 AM
 #89

Does anyone remember that link to the site that showed which coins to mine with a GPU rig?



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█████        ▐████▌        █████
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       ▀██▀ ▀█▀  ▀█▀ ▀██▀
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adaseb
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December 19, 2014, 08:11:51 AM
 #90

Yeah VTC was very profitable in the first 6 hours but now its a crap-shoot. The price fell so much before I could sell.

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djm34
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December 19, 2014, 11:05:06 AM
 #91

Yeah VTC was very profitable in the first 6 hours but now its a crap-shoot. The price fell so much before I could sell.
so why sell ? You understand that you are just making it even more unprofitable (and not the other way around...)   Roll Eyes

asic was able to rape vtc, without much depreciation and a bunch of gpu miners can't keep their coins more than hour...  and complain it isn't profitable...
"so unprofitable... lets dump " right...

The problem is really the miners not the coins/algo/electricity bill

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BTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze
Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
healtheworld
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December 19, 2014, 12:49:16 PM
 #92

now mining the coin seems is waste time and money
Bananana
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December 19, 2014, 02:29:59 PM
 #93

now mining the coin seems is waste time and money

Not really, a lot of people mine cause they still have positive profit (cheap electricity). So its not profitable for you I guess?

adaseb
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December 19, 2014, 06:42:44 PM
 #94

I sold VTC because looking at the weekly chart, it does nothing but go down. Just like any other currency out there.

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FREE 1,000 mBTC daily for LuckyJack winners
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December 19, 2014, 08:46:35 PM
 #95

Asics are borring. Impossible to Roi. Gpu's are advancing. Donate some beers, and we upgrade the performance Smiley.  Klaus_t and me just gave you Vtc +12% more hash for Nvidia. @github. In Software....
DuddlyDoRight
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December 19, 2014, 11:45:02 PM
 #96

Don't the $100.00 USB 500GH/s and NIC $350.00 TH/s configurations on ebay make expensive graphics accelerators obsolete in mining?

I have faith that one day this forum will get threads where people won't just repeat their previous posts or what others have already stated in the same thread. Also that people will stop acting like BTC is toy-money and start holding vendors accountable. Naive? Maybe.
Callahan
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December 20, 2014, 01:03:33 AM
 #97

Only with free electricity, if you pay it, you lose money

Be careful.
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