October 2014. Are GPU rigs useless?

[BitBear2]

I will keep my rigs for now. Be patient, soon the price of BTC will raise and our profit will raise 

[1714868725]

1714868725

[Ignition75]

Those rigs are just about worthless now!

Got 65% of my RRP back, definitely not worthless.

I bought top of the range of each card, which gamers gobbled up fast 

[adaseb]

Those rigs are just about worthless now!

Got 65% of my RRP back, definitely not worthless.

I bought top of the range of each card, which gamers gobbled up fast 

Many I bought were used so I maybe lost 25% value or so.

[AvaiSc]

need to build solar panel if want continue GPU rigs

[MisO69]

I picked up some ASICS and replaced my GPU farm. I found that mining GPU coins was not profitable anymore. Unfortunately I will probably never see ROI on my ASICS. So I would have to say all mining is not profitable if you calculate equipment costs + electricity. I do it for speculation and hope. I hope the prices go up and I really hope the coins I'm mining and holding go to the moon.

I also believe this trend of low prices is only temporary and will pick up again in the next two years.

[ChekaZ]

Mine #NeoScrypt with your GPU rigs. #Feathercoin #Phoenixcoin or #UFOcoin.

[bensam123]

Yeah, I actually thought it was stupid to buy into ASICs originally as you need to keep turning them over and reselling them to keep up with the game, but at this point it seems as though I backed the wrong horse. I honestly didn't expect so many people to keep their rigs as space heaters for winter. It seems now that ASICs were the better solution simply as people didn't play hanky-panky with them by subsidizing their heating costs. It doesn't help that the people tweaking the the algos don't care about efficiency either (check the other threads and this one).

More hash doesn't mean anything (all else being equal) when it's at the cost of higher power usage. The only exception to this is compared to maxwell, which is where hash/watt comes into things.

[ChekaZ]

Mine #NeoScrypt with your GPU rigs. #Feathercoin #Phoenixcoin or #UFOcoin.

This is not twitter.

- just like #!

[adaseb]

ASICs are a good ROI if you know the right time to buy and sell them. If you keep them too long you will lose money big time

[Ignition75]

need to build solar panel if want continue GPU rigs

Amen to that, I'll come back to mining one day, in a house with walls made from solar panels 

[TheDragonSlayer]

need to build solar panel if want continue GPU rigs

Amen to that, I'll come back to mining one day, in a house with walls made from solar panels 

I find selling solar panel's power back to the grid is a better investment. And you don't need to do anything...

[Equate]

need to build solar panel if want continue GPU rigs

Amen to that, I'll come back to mining one day, in a house with walls made from solar panels 

Solar power is indeed the best option but intial setup is expensive .

[BitmoreCoin]

need to build solar panel if want continue GPU rigs

Amen to that, I'll come back to mining one day, in a house with walls made from solar panels 

I find selling solar panel's power back to the grid is a better investment. And you don't need to do anything...

Mining is not profitable for most people.

[cisahasa]

only way to gain profit is neoscrypt

[MaxDZ8]

Do you have hard data willing to share?

[MaxDZ8]

It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.

[djm34]

It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.

attracting attention isn't good for profit either 

[sp_]

It's not pointless to me. I haven't seen a single declaration of "profit" stand up closer scrutiny and I'm interested in knowing if those declaration come from data or feelings.

attracting attention isn't good for profit either  

Wrong. Big farmers dump their altcoins to pay the electricity bill. Gamers and small miners keep them, and secure the coins blockchain. Private kernals are destroying the altcoin marked.

[MaxDZ8]

Wrong. Big farmers dump their altcoins to pay the electricity bill. Gamers and small miners keep them, and secure the coins blockchain. Private kernals are destroying the altcoin marked.

I currently sort of agree.
As a side note: it seems reasonable to me the whole X11 FPGA rumors might currently be just elite kernels but that's another rumor I like to watch... sort of like the chemtrails bullshit. 

[adaseb]

I don't think its the FPGA its simply miners turning on their GPUs because its cold right now and they want to heat their apartment.

The largest difficulty increase was when the snow fell not before that.

If FPGA existed on a large scale, X11 would be very close to Scrypt.